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Egyptian economy is collapsing (Read 1401 times)
Unforgiven
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Egyptian economy is collapsing
Oct 26th, 2016 at 10:31am
 
This could portend the overthrow of the military government by popular revolution. The latest fiasco is a sugar shortage.

Saudi Arabia has stopped giving Egypt US$ billions in aid. This could lead to Egypt rescinding the reversion of Islands to Saudi control which was the cause of much popular dissent.

Could this portend another failed state in the Middle East under Obama's watch?

http://www.reuters.com/article/us-egypt-economy-discontent-insight-idUSKCN12N0D8

Quote:
A cartoon which appeared on social media shows a drowning Egyptian, only his hand protruding from the depths, waving for help. The next strips show President Abdel Fattah al-Sisi diving in, taking the drowning man's watch and turning away.

The cartoon captures the mood of desperation and anger among Egyptians clobbered by tax rises, soaring food price inflation and cuts in state subsidies. Some fear a repeat of the mass street protests that drove Sisi's two immediate predecessors from power.

Core inflation is at seven-year-highs, near 14 percent, as a foreign exchange shortage and a hike in customs duties bite hard in a country that imports everything from sugar to luxury cars.

The government raised electricity prices by 25-40 percent in August and is phasing in a 13 percent value-added tax approved by parliament in the same month.

As part of reforms aimed at clinching a $12 billion IMF loan needed to plug its gaping budget deficit, the government is also expected to cut petrol subsidies and devalue the Egyptian pound, prompting a further cycle of inflation in Egypt, where tens of millions rely on state-subsidized bread.

"Prices are rising daily, not monthly," said Gamal Darwish, a civil servant, as he queued to buy subsidized sugar in Cairo.

"This situation will push people to do bad things. It could slip out of hand and the government will not be able to control it because if the poorest cannot get enough to eat they will steal. If someone has children to feed, what will he do?"

The government has tried to win public support for the austerity measures with a billboard campaign and media blitz and has also sought to expand social security schemes to shield the poorest from the effects of the rising prices.

But many Egyptians who would not qualify for such schemes complain they can no longer afford meat, while sugar shortages have driven fears of an impending food crisis.

Social justice was one of the key demands made by protesters during the 2011 revolt that ended Hosni Mubarak's 30-year rule.In 2013 Egyptians again filled the streets to protest against Mohammed Mursi, the Muslim Brotherhood official who was democratically elected after the uprising but presided over a year of power cuts, petrol shortages and economic turmoil.

Three years after Sisi, an army general, ousted Mursi and seized power, his promise to restore stability is wearing thin.

The arrival of sugar in a government van caused a frenzy in the working class district of Sayyida Zeinab on Tuesday, as people jostled, 10-pound-notes in hand, for 2-kilo rations.

"After two revolutions, the Egyptian people are going backwards not forwards," said Abdel Hasib Ahmed Mohamed, a middle-aged court employee watching the sugar scrum. "We are heading for an explosion and this time it won't be peaceful." ...
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polite_gandalf
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Re: Egyptian economy is collapsing
Reply #1 - Oct 26th, 2016 at 10:37am
 
Quote:
"After two revolutions, the Egyptian people are going backwards not forwards,"


Third time lucky perhaps?
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A resident Islam critic who claims to represent western values said:
Quote:
Outlawing the enemy's uniform - hijab, islamic beard - is not depriving one's own people of their freedoms.
 
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bogarde73
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Re: Egyptian economy is collapsing
Reply #2 - Oct 26th, 2016 at 12:06pm
 
Denizen Gandalf eagerly awaits the return to power of the Muslim Brotherhood.
He enjoys beheadings and the whipping of wives who have disobeyed their better halves.
Economic progress will surely follow the installation of a fundamentalist regime. Nasser et seq brought no improvements at all in the land of the Pharaohs.
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Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism.
 
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Unforgiven
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Re: Egyptian economy is collapsing
Reply #3 - Oct 26th, 2016 at 12:18pm
 
bogarde73 wrote on Oct 26th, 2016 at 12:06pm:
Denizen Gandalf eagerly awaits the return to power of the Muslim Brotherhood.
He enjoys beheadings and the whipping of wives who have disobeyed their better halves.
Economic progress will surely follow the installation of a fundamentalist regime. Nasser et seq brought no improvements at all in the land of the Pharaohs.


...
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Valkie
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Re: Egyptian economy is collapsing
Reply #4 - Oct 26th, 2016 at 12:32pm
 
Wasn't Egypt recently involved in Muslim infestation?

That would explain a lot.

Everywhere this disease goes it destroys the country.

Its a plague form hell itself.

Its prophet is a narcissistic, pedophile sociopath.



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I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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Unforgiven
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Re: Egyptian economy is collapsing
Reply #5 - Oct 26th, 2016 at 12:36pm
 
Valkie wrote on Oct 26th, 2016 at 12:32pm:
Wasn't Egypt recently involved in Muslim infestation?

That would explain a lot.

Everywhere this disease goes it destroys the country.

Its a plague form hell itself.

Its prophet is a narcissistic, pedophile sociopath.


Muslim infestation has certainly caused Valkie to lose its head.

Valkie you are a total dolt. You wouldn't even notice your head was missing.
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Valkie
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Re: Egyptian economy is collapsing
Reply #6 - Oct 26th, 2016 at 12:42pm
 
Unforgiven wrote on Oct 26th, 2016 at 12:36pm:
Valkie wrote on Oct 26th, 2016 at 12:32pm:
Wasn't Egypt recently involved in Muslim infestation?

That would explain a lot.

Everywhere this disease goes it destroys the country.

Its a plague form hell itself.

Its prophet is a narcissistic, pedophile sociopath.


Muslim infestation has certainly caused Valkie to lose its head.

Valkie you are a total dolt. You wouldn't even notice your head was missing.


Ahhhh'

The little man is at it again, after so long hiding behind one of his many aliases.

Without pause he comes out insulting and denigrating all and sundry as is his way.

Wattsamata? have you gone off your medication again?

Or perhaps mom has allowed you back on you computer after being punished for some small misdeed?

Have fun little man, perhaps one day you might just grow up enough to play with the big boys.


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I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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Unforgiven
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Re: Egyptian economy is collapsing
Reply #7 - Oct 26th, 2016 at 12:52pm
 
Valkie wrote on Oct 26th, 2016 at 12:42pm:
Unforgiven wrote on Oct 26th, 2016 at 12:36pm:
Valkie wrote on Oct 26th, 2016 at 12:32pm:
Wasn't Egypt recently involved in Muslim infestation?

That would explain a lot.

Everywhere this disease goes it destroys the country.

Its a plague form hell itself.

Its prophet is a narcissistic, pedophile sociopath.


Muslim infestation has certainly caused Valkie to lose its head.

Valkie you are a total dolt. You wouldn't even notice your head was missing.


Ahhhh'

The little man is at it again, after so long hiding behind one of his many aliases.

Without pause he comes out insulting and denigrating all and sundry as is his way.

Wattsamata? have you gone off your medication again?

Or perhaps mom has allowed you back on you computer after being punished for some small misdeed?

Have fun little man, perhaps one day you might just grow up enough to play with the big boys.


Little Valkie plays with itself.
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“I’ll let you be in my dreams if I can be in yours” Bob Dylan
 
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Secret Wars
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Re: Egyptian economy is collapsing
Reply #8 - Oct 26th, 2016 at 1:16pm
 
Unforgiven wrote on Oct 26th, 2016 at 12:36pm:
Muslim infestation has certainly caused Valkie to lose its head.

Valkie you are a total dolt. You wouldn't even notice your head was missing.


Careful Unforgiven, apologists might get upset if you mention the religion of peace and losing your head together. 

Smiley
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Frank
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Re: Egyptian economy is collapsing
Reply #9 - Oct 26th, 2016 at 5:22pm
 
Unforgiven wrote on Oct 26th, 2016 at 12:18pm:
bogarde73 wrote on Oct 26th, 2016 at 12:06pm:
Denizen Gandalf eagerly awaits the return to power of the Muslim Brotherhood.
He enjoys beheadings and the whipping of wives who have disobeyed their better halves.
Economic progress will surely follow the installation of a fundamentalist regime. Nasser et seq brought no improvements at all in the land of the Pharaohs.


http://alllies.org/wp-content/uploads/2013/03/andysinger9.jpg

...


Amazingly, this only seems to happen to non-Europeans nowadays.

Why?

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Estragon: I can’t go on like this.
Vladimir: That’s what you think.
 
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Baronvonrort
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Re: Egyptian economy is collapsing
Reply #10 - Oct 26th, 2016 at 5:41pm
 
Unforgiven wrote on Oct 26th, 2016 at 10:31am:
This could portend the overthrow of the military government by popular revolution. The latest fiasco is a sugar shortage.

Saudi Arabia has stopped giving Egypt US$ billions in aid. This could lead to Egypt rescinding the reversion of Islands to Saudi control which was the cause of much popular dissent.

Could this portend another failed state in the Middle East under Obama's watch?



This kid is smarter than unforgiven/takes it up the ass till he cries/Svengali/all his other socks that mention closet poms that can be found in the 9/11 nutjob thread



Get a job and pay some taxes ya dopey bum

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Leftists and the Ayatollahs have a lot in common when it comes to criticism of Islam, they don't tolerate it.
 
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Unforgiven
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Re: Egyptian economy is collapsing
Reply #11 - Oct 26th, 2016 at 6:11pm
 
Baronvonrort wrote on Oct 26th, 2016 at 5:41pm:
Unforgiven wrote on Oct 26th, 2016 at 10:31am:
This could portend the overthrow of the military government by popular revolution. The latest fiasco is a sugar shortage.

Saudi Arabia has stopped giving Egypt US$ billions in aid. This could lead to Egypt rescinding the reversion of Islands to Saudi control which was the cause of much popular dissent.

Could this portend another failed state in the Middle East under Obama's watch?



This kid is smarter than unforgiven/takes it up the ass till he cries/Svengali/all his other socks that mention closet poms that can be found in the 9/11 nutjob thread

http://www.youtube.com/watch?v=1uTpncr8knk[/media]

Get a job and pay some taxes ya dopey bum



Has BaronVonRort usurped leadership of closet poms?
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Gordon
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Re: Egyptian economy is collapsing
Reply #12 - Oct 26th, 2016 at 6:15pm
 
If only Egypt's main export, jihadists, was a trade-able commodity Wink
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Unforgiven
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Re: Egyptian economy is collapsing
Reply #13 - Oct 26th, 2016 at 6:32pm
 
Gordon wrote on Oct 26th, 2016 at 6:15pm:
If only Egypt's main export, jihadists, was a trade-able commodity Wink


I suspect demand has declined because Gordon and his ilk have a head full of imaginary Jihadists and would crap themselves if a real one was supplied to them.
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“I’ll let you be in my dreams if I can be in yours” Bob Dylan
 
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Grappler Truth Teller Feller
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Re: Egyptian economy is collapsing
Reply #14 - Oct 26th, 2016 at 11:51pm
 
Used to be cotton - read Catch-22 (they get you coming and going and nothing is what it seems) - the number 22 is the same both ways..... original title was Catch-18.... but was over-run by Uris' 'Mila 18' about the Polish Jewish Resistance in Warsaw.

Milo Minderbender cornered the market in Egyptian cotton, but the market failed... and he tried to sell it as a snack covered with chocolate.

The Egyptian economy was always collapsed - it is a Third World Banana Republic, controlled by Third Worlders - and was never a viable economy in any way - apart from Nile Cod, which I always suspected was Crocodile Steaks..... tastes the same.....
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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