The Situation in Egypt

[Swing low, sweet chariot. Comin' for to carry me home.]

http://www.almasryalyoum.com/en/node/474279

not sure if this is receiving coverage in the West, but Egypt's economy is in rapid decline since the revolution.  The street is demanded the death of the former dictator and prison for any who profited under his rule - which means money and businesses are quickly fleeing Egypt and even though Egypt has recently received billions in loans from Saudi Arabia, the government is quickly running out of cash reserves.

[Grumpier Than Uncle Joe]

We asked for this.

[Beet]

Not a surprise. Transitions to democracy are often accompanied by slower economic growth. The Egyptian transition was particulary harsh, yes- former regime members being sent to trial, protesters demanding anyone associated with the regime be punished, mass purges of the police forces. All of which I find to be rather excessive, personally, and damaging to the cause of protesters in places like Yemen and Syria and Libya where the authorities and inner circle have seen what happens to those who gave up power relatively easily and know that they are in an existential threat. In contrast to the transitions of Spain, where none of the former regime were prosecuted, or South Africa, or Brazil or Chile, or Russia and Eastern Europe. In all of those cases the previous elites were let be except for one or two countries in the Balkans.

If you want a good economy, your hope should be that the peaceful transition can be successfully managed-- which is still highly in doubt. Ironically the Muslim Brotherhood has been a responsible partner by pulling out of protests recently. The hope is that the Tahir protesters get smaller and more isolated and lose sympathy as they continue to up their demands. Some of their demands may be justified, but there must be a limit to taking everything to the streets. So long as the regime carries forward with fair and free elections I don't see a problem.

[Swing low, sweet chariot. Comin' for to carry me home.]

Beet, the problem is that Egypt has burned through 25% ($9B) of its cash reserves in just the past 5 months (even though Egypt also received during that time period $4B in loans from Saudi, $3B from the IMF, and $2.3B from the Gulf States)...we could see mass starvation in Egypt in the coming 12 months.

And the reason why the MB has stood back from the continued protests is that the Egyptian military is now backing the MB.

[Swing low, sweet chariot. Comin' for to carry me home.]

Beet, the problem is that Egypt has burned through 25% ($9B) of its cash reserves in just the past 5 months (even though Egypt also received during that time period $4B in loans from Saudi, $3B from the IMF, and $2.3B from the Gulf States)...we could see mass starvation in Egypt in the coming 12 months.

And the reason why the MB has stood back from the continued protests is that the Egyptian military is now backing the MB.

correction, Egypt apparently turned down the $3B IMF loan after receiving $4B in loans from Saudi and $2.3B from the Gulf States

[Swing low, sweet chariot. Comin' for to carry me home.]

anyone having economic hope for Egypt in the near future should get a load of the pics in this article:

http://www.dailymail.co.uk/news/article-2019390/Whod-dustman-Cairo-Revolting-pictures-piled-rubbish-Egyptian-capital-label-Garbage-City.html

[GMantis]

anyone having economic hope for Egypt in the near future should get a load of the pics in this article:

http://www.dailymail.co.uk/news/article-2019390/Whod-dustman-Cairo-Revolting-pictures-piled-rubbish-Egyptian-capital-label-Garbage-City.html

What has this to do with the revolution?

[Insula Dei]

I'm saddened this thread isn't about Jersey Shore hitting Hurghada.

[Swing low, sweet chariot. Comin' for to carry me home.]

anyone having economic hope for Egypt in the near future should get a load of the pics in this article:

http://www.dailymail.co.uk/news/article-2019390/Whod-dustman-Cairo-Revolting-pictures-piled-rubbish-Egyptian-capital-label-Garbage-City.html

What has this to do with the revolution?

that Egypt has long been a basket case economically and has forced those of differing views into slums of garbage recycling....and this revolution is only driving more money out of Egypt and pushing these fringe group into futher repression.

[Yelnoc]

anyone having economic hope for Egypt in the near future should get a load of the pics in this article:

http://www.dailymail.co.uk/news/article-2019390/Whod-dustman-Cairo-Revolting-pictures-piled-rubbish-Egyptian-capital-label-Garbage-City.html

If you had read the article, you would know that this has been going on for generations.

[Swing low, sweet chariot. Comin' for to carry me home.]

anyone having economic hope for Egypt in the near future should get a load of the pics in this article:

http://www.dailymail.co.uk/news/article-2019390/Whod-dustman-Cairo-Revolting-pictures-piled-rubbish-Egyptian-capital-label-Garbage-City.html

If you had read the article, you would know that this has been going on for generations.

and what makes you think I didnt know that?

[Yelnoc]

anyone having economic hope for Egypt in the near future should get a load of the pics in this article:

http://www.dailymail.co.uk/news/article-2019390/Whod-dustman-Cairo-Revolting-pictures-piled-rubbish-Egyptian-capital-label-Garbage-City.html

If you had read the article, you would know that this has been going on for generations.

and what makes you think I didnt know that?

Your other posts relate Egypt's economic woes to the recent revolution.  Thus, you are insinuating that this is also tied to the revolution and is thus a recent development.

[Swing low, sweet chariot. Comin' for to carry me home.]

anyone having economic hope for Egypt in the near future should get a load of the pics in this article:

http://www.dailymail.co.uk/news/article-2019390/Whod-dustman-Cairo-Revolting-pictures-piled-rubbish-Egyptian-capital-label-Garbage-City.html

If you had read the article, you would know that this has been going on for generations.

and what makes you think I didnt know that?

Your other posts relate Egypt's economic woes to the recent revolution.  Thus, you are insinuating that this is also tied to the revolution and is thus a recent development.

you obviously didnt read all the posts prior to posting

anyone having economic hope for Egypt in the near future should get a load of the pics in this article:

http://www.dailymail.co.uk/news/article-2019390/Whod-dustman-Cairo-Revolting-pictures-piled-rubbish-Egyptian-capital-label-Garbage-City.html

What has this to do with the revolution?

that Egypt has long been a basket case economically and has forced those of differing views into slums of garbage recycling....and this revolution is only driving more money out of Egypt and pushing these fringe group into futher repression.

[opebo]

We asked for this.

And I got death-points for saying Mubarak should have used bunker-busters on these people.

[Swing low, sweet chariot. Comin' for to carry me home.]

and the news gets worse...

Egyptians Turn Against Liberal Pro-Democracy Protesters

http://online.wsj.com/article/SB10001424053111904292504576482563347097284.html

[True Federalist (진정한 연방 주의자)]

At this point it's more a case of the Egyptian masses being tired of disorder and not wanting to risk turning into another Libya or Syria, than anything else.  The Arab Spring seems to be resembling the Europe of 1848 far more than that of 1989.  The masses desire a return to stability and relative prosperity.

[Bacon King]

At this point it's more a case of the Egyptian masses being tired of disorder and not wanting to risk turning into another Libya or Syria, than anything else.  The Arab Spring seems to be resembling the Europe of 1848 far more than that of 1989.  The masses desire a return to stability and relative prosperity.

Exactly; NPR covered this story yesterday and the general consensus among the people they interviewed was basically, "I do sympathize with the protesters, Of course, but I'm glad they're out of Tahrir because I was tired of the traffic problems it caused." 

[Swing low, sweet chariot. Comin' for to carry me home.]

Exactly; NPR covered this story yesterday and the general consensus among the people they interviewed was basically, "I do sympathize with the protesters, Of course, but I'm glad they're out of Tahrir because I was tired of the traffic problems it caused." 

and they're going to pin their hopes on the military which is now in bed with the MB...and this Arab Spring could easily topple Jordon and Saudi Arabia, and even cause Arab-Israelis to revolt.

this has got B.A.D. written all over it.

[Grumpier Than Uncle Joe]

We asked for this.

And I got death-points for saying Mubarak should have used bunker-busters on these people.

All I said was our meddling lead to this.......we should have stayed the hell out of it.  If he did what you said, whatever, we needed to stay out of it.

[True Federalist (진정한 연방 주의자)]

Exactly; NPR covered this story yesterday and the general consensus among the people they interviewed was basically, "I do sympathize with the protesters, Of course, but I'm glad they're out of Tahrir because I was tired of the traffic problems it caused." 

and they're going to pin their hopes on the military which is now in bed with the MB...and this Arab Spring could easily topple Jordon and Saudi Arabia, and even cause Arab-Israelis to revolt.

this has got B.A.D. written all over it.

While not as rosy as some people thought it would be, it's not really a disaster.  The same reasons that are causing the Egyptian masses to tire of the demonstrators will also cause them to not support the things you have been fearing most because they too would be bad for the economy.  I think Egypt is most likely heading in the direction of Putinism, we just don't know yet who the Egyptian Putin will be.

[Swing low, sweet chariot. Comin' for to carry me home.]

actually, it appears to be headed over the cliff much faster than I thought

[Grumpier Than Uncle Joe]

actually, it appears to be headed over the cliff much faster than I thought

Libya is next

[Swing low, sweet chariot. Comin' for to carry me home.]

actually, it appears to be headed over the cliff much faster than I thought

Libya is next

I'm actually close to removing my sig...at first,  most posters were like, "No Way! That would never happen"...pretty soon, everyone is going to be going, "Duh!"