I Think The Egypt Situation Is A Big Deal

How about you. It clearly the biggest international development since the Greece financial crisis.

You've got 90 million people who can't feed themselves kicking out the former USA client-state  government. I think Mubarak is already gone and the US empire is focused on figuring out how to shape whatever comes next and keep it from spreading to other US friendly middle-eastern assets (Jordan, Saudia Arabia, Yeman, Kuwait, UAE, etc.). 

What's going to come next and how long will it be before a government gets a handle on things. If the chaos goes on long enough I think we are talking about the biggest International relief effort in decades and a largish International peace-keeping force.

Here's the best three short pieces I've seen on it(no particular order).

http://thehourlyg.blogspot.com/2011/01/what-you-get-for-2-billion-year-in-aid.html - points out that US aid is only 1% of Egyptian GDP.

http://blog.atimes.net/?p=1661 - says Egypt imports half its wheat and expect food riots.

http://cluborlov.blogspot.com/2011/01/fix-is-off.html - here's to quick points:

1. "Egypt, which is home to half of the world's Arabs, is the fulcrum on which the Arab world turns."
2. "Is the Middle East going to turn out to be Washington's Eastern Europe?"

Thinking about this from the rather prosaic gold trading perspective... I'm thinking every "strong-man" in the middle east and their henchmen are busy transfering their assets out of the region and are amassing as much physical gold as they can buy. It will be quite interesting to see if the Gold Cartel can keep its price in check next week.

Leave me a comment with links to the best pieces you've seen on this and what comes next.

MontyHigh, www.worldofwallstreet.us

 

 

Comments

[Nowhuffo]

It would be nice to see a peaceful revolution, just as an example for others. I did see a comment somewhere that surmised shutting down facebook and twitter would be a surefire trigger for the U.S., since financial fraud and foreign wars seem not to threaten the way they once did.

http://www.nakedcapitalism.com/2011/01/guest-post-is-the-egyptian-government-using-agents-provocateur-to-justify-a-crack-down-on-the-protesters.html

If the Egyptians pull it off I would think something like wheat would be a good way to make new friends.

[Chris]

It is a big deal and will have far going implications on the world economy, Egypt is an important country for the USA and when the local leaders loose their grip on the situation it will certainly have an impact on stock prices of companies trading in or are strongly relying on Egypt or the Middle East.