Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The Egyptian Intifada, Mubarak's Time Is Up

Politics / Middle East Jan 31, 2011 - 07:15 AM GMT

By: Mike_Whitney

Politics

Stocks plunged on Friday following a fifth day of protests in Cairo. Oil shot up more than $3 per barrel as investors grew nervous about potential disruptions to supply. The Dow Jones tumbled 166 points by day's end.

The Israeli embassy has been shut down in Egypt's capital and it's diplomatic staff has been flown to Tel Aviv (allegedly) disguised as tourists.. The Star of David has been lowered and is no longer visible anywhere in Cairo.


There are reports that the United States is behind the demonstrations and is hoping to replace Hosni Mubarak with another US client. But these reports are grossly exaggerated. The protests are a homegrown reaction to high unemployment and ongoing police state repression. Photos of young dissidents gathered atop tanks and armored vehicles arm-in-arm with Egyptian regulars illustrate the tenuousness of Mubarak's position. He faces a popular uprising that is likely to continue until he is removed from office and forced to leave the country.

The US State Department has been working feverishly behind the scenes to influence the transition to another US-friendly client. Mubarak has already appointed two vice presidents who have been approved by Washington. Both have good relations with Israel.

This appeared on the Angry Arab website (although there's no way to verify the information):

"A source from within the Presidential Guard has claimed to my friends in Cairo that the army intends to end the protests on Sunday, by any means necessary even if it meant violence and bloodshed. Junta goons are causing chaos in Cairo to claim an unstable situation which will extend until Saturday. Then under the guise of bringing back order, they will "crush them with any amount of force needed!". The sources are unsure of the American role but believe the Americans will go with it."

The Netanyahu administration is clearly concerned about the deteriorating situation and has instructed government officials to avoid talking to the press. So far, there are no reports of troop movements on Israel's southern border.

The stakes could not be higher for Israel. A charismatic Egyptian leader could put an end to Camp David and demand a settlement to the Palestinian issue. The 40-year military occupation and UN Resolution 242 would again divide the two nations leaving Israel with no allies in the region except for Jordan. Israel's policy of seizing Palestinian land and abusing Palestinians would have to be reviewed and changed. Thus, the fall of Mubarak could dramatically improve the prospects for peace in the Middle East.

As the Mubarak regime becomes more wobbly, agents provocateur from the various intelligence services will carry out false flag operations designed to intimidate the public and derail the revolution. The US is determined to maintain its grip on power. But Washington does not own Egypt nor does it control events on the ground. It's powers, while impressive, are more limited than many realize. The Egyptian intifada is gaining momentum. It won't stop until Mubarak is gone. After that, no one knows what will happen.

By Mike Whitney

Email: fergiewhitney@msn.com

Mike is a well respected freelance writer living in Washington state, interested in politics and economics from a libertarian perspective.

© 2011 Copyright Mike Whitney - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Mike Whitney Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in