KISS EGYPT’S REVOLUTION GOOD-BYE

After the ecstasy of revolution, the Bankers quietly begin carving up Egypt and North Africa

By Richard Eastman
21st Century Wire
Feb 25, 2011

The European Bank for Reconstruction and Development (EBRD) is ready to lend one billion EUROS a year to Egypt for reconstruction and “free-market reform”- even as Egypt’s Minister of Finance Samir Radwan has gone begging to the City of London bankers and the British Ministry of Trade and Investment  for relief on debt payments that are about to throw Egypt into bankruptcy.

All this, as Egypt has been such a good boy with regards to privatization and austerity, measures which awarded Egypt its celebrated 7 percent growth rate- mostly in investments that will end up in international hands as ventures fail to pay out with ever diminishing Egyptian domestic purchasing power.

FRESH CYCLES OF DEBT

First EBRD will lend at interest and build what they want backed by Egyptian collateral and the value of the projects themselves.  Then when it turns out they can’t make the debt payments because of all the interest we have sucked from them, we take over all of the assets we have developed.  That’s freedom and EBRD is really going to give it to them.  After all EBRD is  experienced at this.  In 1991 the EBRD was organized to financially lead  Russia and Eastern Europe in their transition from paternalistic socialism to sustainable  free-market economies open to international investment.

COLLATERAL DAMAGE: World Bank and hatchet institutions like the EBRD begin carving up Egyptian assets against new loans.

The U.S. is the EBRD’s largest shareholder, although the combined stakes of European Union nations give that bloc the greatest say in how it operates. EBRD President Thomas Mirow in a speech at Oxford University declared:

“Twenty years ago, the EBRD rose to the challenge posed by the collapse of communism. Today, in the Middle East… we are ready to act again, championing the values that we hold dear. . .  We have the ability to deliver the development of the private sector, particularly the small and medium-sized enterprises which drive job creation and thus supplement the efforts of other international financial institutions which focus on public infrastructure.”

European Union foreign policy chief Catherine Ashton told Egyptian Foreign Minister Ahmed Aboul Gheit that the EU will permit new loans and provide “expertise” if Egypt ‘willing to make the necessary economic reforms’ in order to get them.

Meanwhile new parties are being formed through Facebook to counter, and crowd out traditionally popular organizations like the Muslim Brotherhood.  New Parties like the “25th of January Party” — no indication of what it stands for in the name — has garnered hundreds of thousands of “likes”.  Another Party, the “Freedom and Justice Party” is a magnet for a secular pro-free-market Egyptians looking for power and position in the new Egypt.  But a hundred other parties are being financed, each directed at peeling away one or more demographic groupings from the Muslim Brotherhood.

This important work is proceeding as the world is distracted by the violence in Libya.  By the time the world is ready to look at Egypt again, the nation will show an entirely different political landscape.

It is clear that the little people have lost again, that Egyptians have lost their  revolution and that the people simply are not well enough informed to raise up their own alternative to domination by International Finance.  The so-called Egyptian revolution has been hijacked by the Rothschilds while the world has shifted its eyes to Libya.

Meanwhile, Citi Group and the global banking elite continue formulating and farming their emerging markets:

“Citi has unveiled what it dubs the ‘3G’ countries: Global Growth Generators. The 11 countries it picks out as leading lights are Bangladesh, China, Egypt, India, Indonesia, Iraq, Mongolia, Nigeria, the Philippines, Sri Lanka and Vietnam.”

– The Wall Street Journal  2-24-2011

The closure of Egypt’s banks for two of the past three weeks has added strain on an economy already reeling from the evaporation of tourism and a prolonged stock market closure caused by the political upheaval that ousted long-time leader Hosni Mubarak.  The bank shutdown and the draining of ATM machines have paralyzed businesses and left ordinary people scrambling for cash.

INVISIBLE HAND: US and Israeli regional policy goals are steering 'banking reconstruction' efforts in Egypt.

The country’s banks had long been a source of pride for Egyptians, with its strong regulatory environment and their lack of investments in the kind of toxic assets that hammered Western banks helped Egypt weather the worst of the global financial meltdown.

Two weeks Moody’s Investors Service downgraded its credit ratings for five Egyptian banks.  Future loans from international agencies will depend on eliminating those regulations and meeting other benchmarks for “free-market reform”.

BANK HOLIDAY: ORDER OUT OF CHAOS

Banks remained open the first few days of the 18-day democracy uprising. But after a weekend of looting, arson and lawlessness on Jan. 28-29, they closed for a week and many ATMs  ran out of cash. The following week, the banks closed. They reopened the week of Feb. 6-10 and this week on Sunday.  The military-led caretaker government has sought to re-establish a measure of normalcy after Mubarak’s ousting. Banks reopened on Sunday and officials breathed a sigh of relief when a much-feared run on them did not materialize— the first weekday following Mubarak’s exit. They closed again on Monday, the central bank ordering them to remain shut at least until the start of next week on Sunday.

A week ago, Credit Suisse estimated that the unrest had cost the country at least $310 million per day, and predicted the Egyptian currency would come under heavy pressure as investors shifted to dollar deposits or pulled their money out entirely. Those projections for economic growth this year were quickly revised down from 6 percent, to between 2 and 4 percent respectively.

The European Investment Bank (EIB) , on Tuesday,  requested $1.4 billion is needed for lending from the European Union to support the transition to democracy in Tunisia, Egypt and other Arab countries.

In addition, the bank wants clearance to reinvest money repaid from earlier transactions which will raise the total to $8.2 billion over three years. EIB President Philippe Maystadt said the $8.2 billion would allow them  to do something significant in coming years, especially for new projects in job creation for young people, who have become frustrated with lack of job opportunities and as a result, become the main drivers… for uprisings.

FINAL NOTE:

In 2010, the EIB lent a record $3.5 billion to projects in the Arab region, making it the biggest provider of long-term financing there, Maystadt said. That being said, Maystadt admitted of the $11.9 billion allocated between 2008 and 2013, only about $3.8 billion is left, and they are ready to do more. The EIB invests in new enterprises, lending funds to small and medium-sized companies, as well as investing in new transport, energy and infrastructure for new developments. Typically, it raises money by issuing bonds, guaranteed by the EU against political risk. Current projects include Morocco, Tunisia, Syria, Egypt, the Palestinian Territories, Lebanon and Algeria, but has not been authorized to invest in Libya.

Author Richard Eastman lives in Yakima, Washington and is a guest writer for 21st Century Wire. He provides a free clipping service to “populist activists” along with his own commentary advancing several  conspiracy theories, and  is an advocate of Social Credit.

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26 Responses to “KISS EGYPT’S REVOLUTION GOOD-BYE”

  1. 21st Century Wire Says:

    And so the globalist feeding frenzy begins…

  2. MANUELA Says:

    I LIKE IT

  3. Eric V. Encina Says:

    I have just read it.

    This is another adroit and recondite take over – under way of the International Bankers to Middle East/Arab nations following such well done well-designed uprisings. Qui Bono?

    Now I am correct in my prognostication about the present chaos in the Middle East. It’s been well done by design by the international bankers and the political powers.
    Our present protests and revolutions in the world today are not enough, and they are even futile, and could be worst kinds of odds for all of us towards horrendous ends.

    Peoples are protesting in vain – only for political reasons and expediencies without ideals and bereft of philosophical and moral basis. Peoples are protesting for a sham democracy adroitly and reconditely advanced by the banksters and the global manipulators who do not have any conscience to humanity in miseries. Peoples in protests are duped and mesmerized to solely targeting political leaders while overlooking and mindlessly condoning the pestiferous debt finance disaster capitalism and usury of the banksters and the financiers.

    It is imperative as indispensable to bear in mind that “BANKERS-FINANCIERS, POLITICIANS & MEDIAMEN” are a Triune bunch in collusion of crimes against humanity. Politicians, political/military leaders and government officials of partisan political party powers are the immediate beneficiaries of Banksters’ money while the mediamen are munificently paid like whores to eternally parrot sea of lies and all nightmares of the great lies to hide the truths and the causes of messy things. And therefore, as a whole, they are solely and objectively to be blamed and abhorred. They are all complicit and accessories to heinous crimes against humanity, alas, with impunity.

    Peoples in protests might also be accomplices to further the crimes when they allow themselves, either by consent and by culpable ignorance, to be used as gullible and asinine goyim for the “interests” of the partisan political party powers that are misleading them to a worse future of the New World Order.

    Following the global protests and revolutions all over the world as nigh as they are escalating like wildfires and as fast as viruses mutating in the body, and as by design, fueled and orchestrated by the global manipulators, the NWO, of the one-world government is not far off-it is already in transit as quick than you think. How to avert is? – is the ultimate question.

    There are overwhelming evidences on horrendous nature and objectives of the NWO master plan and its super-savvy and cunning and innovative modus operandi, including the orchestration of the bloddy popular uprisings and revolutions by bribing the opposition leaders and the citizens, in a terrible dilemma and creating endless confusions, to topple down and dethrone incumbent leaders of the legitimate governments and nations in order to find way to install the NWO one world government and one-world money system. We have now the so-called SDR – http://www.prisonplanet.com/ globalists-push-sdrs-as-world- reserve-currency.html – The IMF has already recommended that the US$ be replaced by SDRs (Special Drawing Rights) as the global reserve currency – on the way for implementation so soon. That will bring about the collapse of the US $ currency, and the collapse of American economy, of the foreseen impoverishment of the American people, and not just a depression, but a total and ultimate meltdown of the US economy and global economy as well with nightmarish domino effects. The nominal value of an SDR is derived from a basket of currencies – specifically, a fixed amount of Japanese Yen, US Dollars, British Pounds and Euros.

    Eric V. Encina

    Filipino Social Crediter/ Monetary Reformer

    c/o Lito Alhambra Old House, Homesite, Km. 2, Brgy. Lawa-an, P.O. Box 8, 5800

    Roxas City, Capiz, Philippines

    eric.encina8@gmail.com

    eric_encina@yahoo.com

    Mobile Contact Number Smart 09192335124

  4. Lending To Countries in Turmoil | West India Says:

    […] full article is here, and worth a read. If you dont have the time, at least read this: In 2010, the EIB lent a record […]

  5. KISS EGYPT’S REVOLUTION GOOD-BYE:After the ecstasy of revolution, the Bankers quietly begin carving up Egypt and North Africa | RevolutionRadio.org Says:

    […] Richard Eastman 21st Century Wire Feb 25, […]

  6. Glen Says:

    This is crazy, revolutions must never stop, if anyone tells you that the revolution is over and to go home, kill that person on the spot.

  7. Mariel Says:

    I am going to google “social credit”. I don’t know what it is.

    The rulers will usually find a way to milk the people dry. This is stated
    in the Judeo-Christian Bible, which pronounces that the “rich men of the earth”
    will in the Last Days find that they have no hiding place from God, Who will
    finally come “out of His place” to restore justice. The “rich men of the earth”
    are in all nations and international organizations, so they would be in the European banking industries as well as in ME oil shiekdoms. In the US and in the Zionists–as opposed to the religious Jews. this is what I have gathered reading from many sources. What amazes me is that the Bible had it pegged.
    And now it is ramping up for a big coming down.

  8. Mariel Says:

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  19. Jan Carlos Krueger Says:

    ….It just burns me with Anger that …Both America and Israel are the Invisible hand in this Sinister act of Lust for War and Greed….And to have Mr.Gaddafi killed or Murdered in cold blood was Pure Rotten.>!!!

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