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The Riots In Egypt And The Price Of Oil

As if the world economy did not have enough problems already, now the riots in Egypt threaten to send the price of oil soaring into the stratosphere.  On Friday, the price of U.S. crude soared 4 percent.  A 4 percent rise in a single day is pretty staggering.  The price of Brent crude in London closed just under the magic $100 a barrel mark at $99.42.  The incredibly violent riots in Egypt have financial markets all over the globe on edge right now.  Any time there is violence or war in the Middle East it has a dramatic impact on financial markets, but this time things seem even more serious than usual.  Many believe that we could see an entirely new Egyptian government emerge out of this crisis, and the uncertainty that would bring would make investors all around the globe nervous.  Financial markets like predictability, peace and security.  If Egyptian President Hosni Mubarak’s 30 year reign is brought to an end, it will severely shake up the entire region, and that will not be good news for the global economy.

Have you seen how violent these protests have become?  Cars and buildings are on fire all over the place.  Even the headquarters of Hosni Mubarak’s political party was burned down.  The Egyptian military has been deployed on the streets of Cairo.  Protesters have been showering government forces with stones, firebombs and anything else that they can find to throw.  Security forces have been using rubber bullets, water cannons and tear gas to try to disperse the protesters but those efforts seem to be doing little good.  Deaths and injuries are being reported all over the place.  There are even rumors that the wife and son of Hosni Mubarak have already left the country.

At this point, Mubarak has gone on national television and has announced that he has asked his cabinet to resign.  That is an absolutely stunning move, but it is doubtful that the protesters will be satisfied.  All over Cairo protesters continue to chant for Mubarak to resign.

The following is a short compilation of some raw video from the riots in Egypt….

These riots in Egypt come on the heels of violent uprisings in Algeria and Tunisia.  In fact, it seems like virtually the entire Middle East is in a very foul mood right now.  Riots have been reported in Lebanon, in Jordan and in Yemen over the past few days.

Some of the rioting has been motivated by economic factors, but unfortunately all of this rioting is only going to make the global economic situation even worse.  Concern over all of these riots is driving up the price of oil and driving up the prices of agricultural commodities.  These higher prices are going to make it even harder for the poor people in the Middle East to afford food.

But also it must be acknowledged that much of this rioting is being done for very deep political and religious reasons as well.  Many westerners are cheering the protests in Egypt because they envision the protesters to be some sort of “freedom fighters”.  But the vast majority of these protesters do not desire “American-style democracy”.  The Muslim Brotherhood is one of the groups at the heart of these protests.  The government that they intend to set up would not give “liberty and freedom for all”.  Rather, it would be a hardline Islamic government based on Shariah law.  According to Wikipedia, the Muslim Brotherhood bills itself as the “world’s most influential Islamist movement”, and their goal is to impose their version of Islam on society….

The Brotherhood’s stated goal is to instill the Qur’an and Sunnah as the “sole reference point for … ordering the life of the Muslim family, individual, community … and state”

So unless your version of “freedom” includes being forced to live like the Taliban, then you probably would not enjoy the “liberty” that the Muslim Brotherhood wishes to impose on you.

Coptic Christians all over Egypt are already being slaughtered even with a relatively pro-western president in power.  On New Year’s Day, an attack on a Coptic Christian church in Egypt killed 21 people.  The following is how one eyewitness described the scene to a reporter from the New York Times….

“There were bodies on the streets,” said Sherif Ibrahim, who saw the blast’s aftermath. “Hands, legs, stomachs. Girls, women and men.”

Once a radical Islamic government is installed in Egypt it will be open season on all Christians.

Yes, there is a whole lot of blame to be passed around to other nations, organizations and individuals in the Middle East for things they have done as well, but that does not excuse the horrific persecution of the Coptic Christians in Egypt.

We have to call a spade a spade.  We cannot condemn some forms of tyranny and persecution and then make excuses for other forms of tyranny and persecution just because those doing it are on “our side”.

Replacing one form of tyranny (Mubarak) with an even more repressive form of tyranny (The Muslim Brotherhood) is not something that those who love liberty and freedom should be celebrating.

In any event, everyone should be able to agree that these events are going to severely rattle world financial markets that were already very nervous about 2011.

If these violent riots in Egypt and other countries in the Middle East keep going on, the global price of oil and the global price of food will continue to soar.

Not that oil and food were not going to be heading in that direction anyway.  Yesterday I wrote about the warning signs for the global economy that we are starting to see.  Wheat and corn have absolutely skyrocketed in price over the past 6 months.  The UN had already been projecting that we would see a 30 percent increase in the global price of food in 2011 even before these riots.

If you add rampant political instability into the mix, there is no telling how bad food inflation could get this year.

Many experts have already been forecasting substantial food shortages throughout the world this year based on all the extreme weather we have been having.  So what is going to happen if something causes those food shortages to be even worse than anticipated?

We live in very interesting times my friends.  The globe is becoming an increasingly unstable place.  Even nations that seemed perfectly stable just a few months ago can erupt in rioting at almost any moment.

People around the world are getting angry.  Thanks to the Internet, people are able to circumvent official government propaganda more easily than ever before.  This is making it harder and harder for governments to control people.

Egypt tried to regain some of that control during the riots by shutting down cell phones and by shutting down the Internet but it did not work.

Let’s just hope that Egypt can soon find peace and that the changes that are made in the Egyptian government are good for freedom and liberty.

  • http://flyoverfeedback.blogspot.com J.P. Morgan

    The Middle East hiccups and we are going to rush to the ER. Gold, oil, and food commodities will soar, killing whatever hope we had for an economic recovery. And, you can pinpoint the exact cause–a politically driven energy policy for fifty years running rather than one that really works. Take oil out of the equation, and the U.S. could give a rat’s ass about the Middle East.

  • mahmoud

    iran has already sent a kill squad into egypt to take out hassan. this has nothin to do with oil and everything to do with egypt, iran and syrian struggle to control the middle east and the straits.

  • http://www.dailyjobcuts.com Karen

    cable calling riots “A Perfect Storm”==
    So high rent, no jobs or jobs for $2.00 a day,
    High unemployment, High food prices, crooked Government
    This Perfect Storm sounds and feels just like
    THE USA PERFECT STORM

  • Kevin

    I’ll bet that practically every nation where a significant percentage of the population spend the majority of their income on basic food will see political strife similar to that recently seen in Egypt.

    Wait until this hits Mexico and Central America which are well known for both poverty and government corruption. Those are two of the three key ingredents for the kayos recipe. All that is needed is food prices above what can be affored by the masses. Think you have a border problem now?

  • Otown Right Guy

    Please just send Gary2, Morpheus, impeachRonPaul and MondoBizarro over to Egypt to fix things. They know EVERYTHING that’s why they have so much time to post their vacuous rants.

  • Magneto-Incognito

    Islam is NOT tyranny, attacking christians is not allowed unless like any other law that exists you are being attacked yourself. I dont know about the brotherhood-sounds like a Marvel comic name, but Islam has existed side by side with other groups just fine. The most influential Islamic movement is Jamaat Tabigh–NOT the “brotherhood”. You can be anti-semitic(term used first to indicate muslims)if you choose, but, PLEASE, DONT BE SCARED ALL YOUR LIFE–LEARN!

  • impeachRonPaul

    The rich are taking everything and republicans are helping them 100%

  • Xander cross

    What about all of these Christians in the military killing muslim men, women, and children on a daily basis? All in the name of liberty, Christians are killing people all over the middle east and the next target is Iran. I starting to think that there is an Christian agenda going on where it’s okay for christians to kill many Muslims in other countries.

  • mondobeyondo

    Tunisia sparked it off. Food riots pushed the people of that country over the edge. They took to the streets, lit a couple of Molotov cocktails, and their president fled for his life.

    The Egyptian people were watching and thought, “Hey! Great idea, you guys in Tunis! Mubarak’s been screwing us for 30 years, time to fight back!” And so they have. The Egyptian people are beginning to stand up, and are Walking like Egyptians (The Bangles, 1986. Great song!) The military will try to take control, and this is the great fear. They are already doing so. Horror of horrors, their government has even shut down Facebook and Twitter! Can you say “bloodbath?” However, Hosni may be the next to run and seek asylum.

    Unfortunately, Egypt is a pretty prickly cactus for us here in the West. They are an important U.S. ally. They were the first Arab country to sign a peace treaty with Israel, in 1979. Egypt is in a very strategic part of the world, close to oil-rich Arab nations. A change of government in Cairo may or may not have disastrous consequences for the U.S. But it most likely will. $100 a barrel for oil will seem like the good old days very soon.

    As awful and repressive as Pharaoh for Life Mubarak’s reign appears to be, we desperately need Egypt as an ally. To have them turn into the next “Jihad-land”, like Afghanistan, the West Bank, Yemen, etc. – would not be a good thing.

    Keep a very close eye on the Middle East. This thing is spreading fast. Tunisia… Algeria… Egypt… and those people in Iran are getting restless about their leader, Mahmoud “I’m a Demon Job”. Tehran could be the fuse that sets this whole powder keg off in a big way. Look out!

  • Leeroy

    no. christians and muslims get along together fine in the middle east.

    those attacks you reference, eh, do you really think muslims did that?

    be honest? the majority of middle east terrorisim stems from one cancerous source.

  • tom

    This is just wonderful absolutely wonderful, god should just wipe the human race right of this planet it is disgusting and this region is going to send this world into a spiral into hell and we can thank the u.s for that as well

  • Gary2

    The rich oligarchs need to be scared, very scared. The rich will be taxed and the wealth spread around either voluntarily or not but it will be done. Tunisia is the beginning, now Egypt. Its coming to the USA.

  • Mariposa de Oro

    You might want to do an article on the Muslim Brotherhood in America and its plans are we ‘infidels’. Their plan is coming along very nicely. Our present ruling regime has been very accommodating the the Brotherhood.

  • http://www.no2foreclosures.info David

    “If Egyptian President Hosni Mubarak’s 30 year reign is brought to an end, it will severely shake up the entire region, and that will not be good news for the global economy.”

    Spoken like a true neocon/neolib that believes in the oppression of the peoples around the world for the non-negotiable “American way of life,” i.e., “global economy.”

  • Michael2

    The “people” that think they are the masters of the world may want to start taking a second look at just how strong their status, positions and plans for world domination really are.

    Personally, I find what is going on across Europe far more telling than what is occurring in the Middle East. Not that what is happening in the Middle East is not important, especially because of the oil reserves.

    But the small blast at a hotel in Davos, Switzerland which will be used by top business and political leaders attending the World Economic Forum gives me more concern right now. No one was hurt but this almost seems like a warning shot to the “world’s top leaders”.

    http://www.bbc.co.uk/news/business-12298239

    If Europe gets any more volatile, especially in countries like Switzerland that are traditionally stable, the picture for world stability really gets very blurry. And if anger and resentment keeps growing here in the US and we plunge into chaos, the markets around the world will really be destabilized and then who knows how bad things could get or for how long.

    http://rt.com/usa/news/gerald-celente-2011-predictions-usa/

    As far as being prepared I keep a foot out the door ready to head to the nearest mountain range. It would seem time grows short now though to be ready for any potential chaos.

  • Michael2

    p.s. add in the extreme weather effecting food supplies, more massive natural disasters like have been happening, a couple of pestilence’s or plague or more drought and who knows how destabilized things could get.

    Governments around the world may want to reassess just how much control they really have. . .

  • http://moneyedpoliticians.net Jack E Lohman

    Yes, and the rioters are throwing stones. When that happens in the US they will be firing guns. I worry about the far right and for that matter the far left. They both have wackos. The Koch Brothers are now gathering in Palm Springs with 200 of the nation’s wealthiest to decide how to capture the rest of the nation.

    All of this when if we simply did one thing — eliminate the political corruption with public funding of campaigns — we’d go a long way to returning the country to the people.

  • Amy

    Dear Editor,

    Thank you very much for starting this website and i am glad that you are following the riots in north africa. i am writing to you from Kenya, we too will be getting there and so will our east african neighbours, due to the increase in fuel prices and food prices, many lover middle class kenyans the very poor are unhappy, we have high unemployement and things are getting worse, there is alot of gang groups hijacking foreigners. Recently, a world bank employee was shot in front of his gate,the thugs wanted to take his car. It is indeed shocking. The rich are living in fear in Kenya at the moment.

    In yesterdays daily paper, the government has warned kenyans of ‘tough’ times ahead. I fear for the worst. I would like to update you on how things are progressing.

    Thank you for your great service

    Amina
    Nairobi/Kenya

  • joey

    Good,bad or indifferent,this is what happens to a population who is unarmed. If those mobs were carrying firearms they wouldn’t be herded around like cattle.

  • mondobeyondo

    Egypt also has this little thing called the Suez Canal. Lots of oil transport and supply ships pass through there, on their way to the Persian Gulf.

    Interesting to see what would happen to it if this crisis expands. If Mubarak fails in his attempt to hang onto power, will the new boss (same as the old boss…or worse) decide to shut the Suez Canal down? Maybe try to start a war over it, like what almost happened in 1956? Pretty tempting bait, especially if he’s a radical jihadist type who isn’t friendly with Israel, or the US for that matter. There is no guarantee that Mubarak’s successor, if there is one, will be a friendly guy. It could be bye bye, peace treaty.

  • http://crisisprofit.blogspot.com/ Roth E. Barrons

    Hello,

    What are the main causes of the riots? Are the majority of the rioters in favor of a regime change? What are your thoughts?

    Thank you,

    Roth

    http://crisisprofit.blogspot.com/

  • Gary2

    They need to tax the rich Egyptians!

  • http://cherylkicksass.blogspot.com Cheryl M.

    Only a propped up by the US dictator would remain under such circumstances. The rioters are right about their 30 year torturing dictator who couldn’t exist without the help and support of the U.S.

  • Jeddy

    Dictators ensure that the wealth and natural resources should not be available to their own people The Suez Canal is the property of the Egyptians, but the money the Suez Canal never ends up in Egyptian banks so that it can invested in industrial development of the country. That money paid back in debt to the world, particularly the USA. The USA has given tremendous loans to the dictator Mubarak regime – to prop up this dictator. The Egyptians can get rid of that debt burden, if they can have control over their economy. Will the international powers which want Egypt to remain forever in debt allow that. The people have a right to demand Mubarak to give back all the money he has stolen.

  • Cathy

    I got this email from:
    “Becky Bond, CREDO Action”

    In part:

    In Egypt, forces loyal to the longtime dictator Hosni Mubarak aimed a water cannon at a Nobel laureate and well known democracy activist. They beat the supporters who tried to protect him from this attack and then used tear gas to trap him in a mosque.

    His message to us? In an interview with The Guardian of London1 Mohamed ElBaradei issued this challenge:

    “The international community must understand we are being denied every human right day by day. Egypt today is one big prison. If the international community does not speak out it will have a lot of implications. We are fighting for universal values here. If the west is not going to speak out now, then when?”

    the U.S. has a history of supporting dictators as long as our government can get what it wants. This IS ONE REASON that the people of these countries have hatred for us.

    The United States has been a key benefactor of Mubarak throughout his 30-year reign as a dictator whose corrupt government has employed torture to stifle dissent and authoritarian rule to maintain claim to the reins of power. In fact, the U.S. provides $1.3 billion in annual military aid to Egypt — that’s a stunning 25% of Mubarak’s military budget.2 And this is in addition to the nearly $28 billion in economic assistance provided to the country since 1975.3

    The U.S. is rapidly reassessing its approach to the developments in Egypt. On Tuesday U.S. Secretary of State Hilary Clinton declared Mubarak’s government “stable” and suggested that it was addressing “the legitimate needs and interests of the Egyptian people.”4

    Mohamed ElBaradei, who is not only a Nobel Prize winner but also the former head of the International Atomic Agency, responded in an interview on CNN5:

    “I was stunned to hear Secretary Clinton saying that the Egyptian government is ‘stable,’ and I asked myself at what price stability. Is it on the basis of 29 years of martial law? … Is it on the basis of rigged elections? That’s not stability. That’s living on borrowed time. Stability is when you have a government that is elected on a free and fair basis. And we have seen how elections have been rigged in Egypt, we have seen how people have been tortured. And when you see today over 100,000 young people, getting desperate, going to the street, asking for their basic freedoms, I expected to hear from Secretary Clinton … democracy, human rights, freedom.”

    As protesters escalate their calls for the ouster of Mubarak, a dictator who has held the presidency for 30 years, he responded by unleashing the police and military who have attacked protesters with shocking force. Opposition leaders have been placed under arrest and internet and cell phone service has been cut off in an attempt to cripple the nascent anti-authoritarian movement.

    I find it disturbing that there’s NEVER a shortage of money or concern of the deficit when it comes to weapons, war, killing citizens of other countries as long as we get what we want regardless of the consequences.

    As long as it benefits the OIL BARONS & Wall Street, it’s justified.
    As I posted before we DON’T NEED ALL THAT OIL & WE DON’T NEED TO “DRILL BABY DRILL” if we would start using HHO for our vehicles! It’s CHEAP, it’s SAFE! HHO = Oxyhydrogen, google it so I don’t have to explain it again. The reason it’s NOT widely known in this country IS BECAUSE OF THE OIL INDUSTRY! It’s been around for more than 50 years!

    This country is consistent when it comes to everything that causes destruction & death & unfortunately it’s done in ALL our names.

  • Stray Cat

    Better start studying Ezekial 38 and the book of Revelation. None of this comes as a surprise to people who study Bible prophecy.

  • Tyler

    Amazing that it takes near-revolution in Egypt to Finally bring the market down. The Dow should be at the 7500-8000 range if not for Bernanke’s insidious meddling… Perhaps hopefully Egypt will be the catalyst to knock the markets dramatically down to a level where it becomes an accurate barometer of the economic state of the nation.. one can hope

  • http://www.manofthewest2000.blogspot.com/ Matt Beck

    A very informative post as usual. I hate to raise my voice just to quibble with what is otherwise a fine piece of writing, yet there is one important point that I must disagree with, viz. the bit at the end about the internet freeing people from their government’s propaganda.

    I am always astonished when correspondents who are quite capable of reading the writing on the wall when it comes to our illusory economy, our geopolitical tinderbox, and the imminent collapse of our overly complexified society, still buy into the myth that the internet is a force for liberty and truth. Who runs the internet? Who owns the IT companies? Do not Google and Yahoo assist the communist Chinese in censoring and spying on their own population? Is not an internet kill switch in the works even for America? When push comes to shove, cannot governments with armed militias do just about whatever they want in their own domains?

    Furthermore (and this is more important), the mere existence of the internet presumes a huge amount of public order and public wealth. It requires, among other things, more or less uninterrupted power generation and distribution; enormous capital investments in infrastructure, devices, and services; an army of trained engineers and technicians to maintain it; a high level of public confidence in the corporations, protocals, and regulatory agencies that control the flow of traffic over it; and a realtively idle population with enough free time and sophistication to make use of it. None of these factors are likely to exist in the wake of an economic collapse. It is folly to believe that after the economy collapses and the society which it once nourished fragments, people will still be able or willing to use the internet as if nothing had changed. The internet is in many ways the finest and most delicate flower of our overripe era. When civilizations collapse, it will be one of the FIRST things to disappear.

  • flubadub

    The newly seated Congress should find the backbone to take a long hard look at the oversight of the EPA and Dept of energy. The appointed heads of these organizations in dictating regulations and thwarting opportunities are accomplishing a tyrannical rule that voters would never stand for from their elected representatives.

    There needs to be a better balance between the needs of American human beings and the preservation of the environment. No one doubts the merit of developing renewable fuel sources but large scale use of wind, solar and biofuels is something that will take years to materialize. There won’t be any new nuclear plants built in the near future either although there should be. It is some seriously flawed logic that concludes it is better to import expensive foreign oil to fuel our vehicles when we could be substituting our own clean and abundant domestic natural gas to do the job just as well. No matter which energy technologies develop soonest, we will always get our energy from multiple sources. The less we need to depend on any one of them the better off we’ll be. The term alternative energy sources should not be defined as sources other than the ones we have now but as energy sources where we have as many alternatives as we can develop.

  • Dr Henry Matthews

    More paranoid rubbish about the Muslim Brotherhood…..they are following, not leading.

  • lostinmissouri

    The West ignores iSlam at our peril. Spit!

    The rioting around the islamic world is not going to end pretty, and will likely involve the entire world.

    The USA, should brace for 5 or 6 dollar gasoline, if we are lucky.

    Of course, none of this could be our Bankster government’s fault. They are hoping to use the rioting worldwide, as a cover, for their collapsing FRN system.

    disclosure: long ammo, guns, gold, grub

  • mondobeyondo

    Send the Muslim Brotherhood and Aryan Brotherhood to Philadelphia, the City of Brotherly Love. They can live side by side as brothers (and sisters).

    Yeah, like that will ever work.

  • Stephen

    These comments are silly. Did you ever consider
    what would happen to the PRICE OF OIL AND GOLD
    if the stock market had a huge deflation collapse ??

    THINK ABOUT IT

    the dollar will explode, and commodities will
    CRASH with stocks.

    PLEASE wake up and see the truth !!!!!!!!!

    http://www.elliottwave.com

  • El Pollo de Oro

    One of my favorite libertarian/paleoconvervative websites is Justin Raimondo’s AntiWar.com, or as I call it, “the website those stinking neocon bastards love to hate.” And on Friday, Raimondo wrote an excellent commentary that put the situation in Egypt in a global perspective, noting that we’re seeing a mood of unrest not only in Northern Africa, but internationally as well. Indeed, from Northern Africa to Europe to The Banana Republic of America (formerly the USA) to Mexico, we’re seeing a mood of burning anger and unrest. Raimondo mentions the U.K. and Greece, where “mass upsurges are the result of austerity budgets that cut ordinary people off at the knees while the banksters get bailed out.”

    But Raimondo goes on to make a very insightful point: “Before we start cheering this world revolution as the salvation of us all, however, it ought to be remembered that revolutionary regimes often turn out to be worse than the tyrannies they’ve overthrown.”

    Exactly! The White Shoe Boys (as Gerald Celente calls them) and globalist/neo-feudalist robber barons have been causing misery, violent unrest and suffering all over the planet, and while the thought of The White Shoe Boys getting a taste of Le Guillotine might sound like poetic justice, the problem is that revolutionary regimes—as Raimondo points out—have a long history of being even more cruel and despotic than the regimes they replace. History bears that out: the Soviet Union, Communist China under Mao Tse Tung, Pol Pot in Cambodia, Iran under Ayatollah Khomehni.

    And make no mistake: things are going to get really ugly here in this Third World house of horrors called The Banana Republic of America. The mayhem we’re seeing in Cairo, Tunis and Algiers could be coming to a Chicago or an Atlanta or a Detroit near you as economic conditions go from bad to worse. These are dark, perilous times we’re living in, no doubt about it.

  • Wilma

    Look on the positive side! You can’t have World War III without this!

  • http://thecivillibertarian.blogspot.com/ Frankenstein Government

    Thought I’d link in a great article from naked capitalism primarily for Mike and the EC bunch. It’s about our structural job loss and why it isn’t going to get any better- any time soon. http://thecivillibertarian.blogspot.com/2011/01/absolute-best-piece-of-work-i-have-read.html

  • http://www.pathtoasia.com rhea

    i thought with the peace treaty the oil went to Israel…

    We help Americans find jobs and prosperity in Asia. For details, visit http://www.pathtoasia.com/job/

  • Michael2

    The “people” that think they are the masters of the world should be taking a second look at just how strong their status, positions and plans for world domination really are.

    Personally, I find what is going on across Europe and Asia (China)far more telling than what is occurring in the Middle East. Not that what is happening in the Middle East is not important, especially because of the oil reserves.

    But the small blast at a hotel in Davos, Switzerland which is being used by top business and political leaders attending the World Economic Forum gives me more concern right now. No one was hurt but this almost seems like a warning shot to the “world’s top leaders”.

    http://www.reuters.com/article/2011/01/28/idINIndia-54468220110128

    If Europe gets any more volatile, especially in countries like Switzerland that are traditionally stable, the picture for world stability really gets blurry, a whole lot quicker. And if anger and resentment keeps growing here in the US and we plunge into chaos, the markets around the world will really be destabilized and then who knows how bad things could get or for how long.

    http://rt.com/usa/news/gerald-celente-2011-predictions-usa/

    It would seem time grows short now though to be ready for any potential chaos.

  • Michael2

    I too think the whole “internet is a force for liberty and truth” thing is highly overrated.

    Like is often the case in social uprisings it was a single incident that sparked the chaos in Egypt. From what I have read what sparked the riots was the beating death of a Khaled Said by two policemen. Police misconduct (repression/corruption) parallels what causes many social upheavals, including in America.

    From personal experience I know the internet is often highly censored. I have seen many websites shut down, hacked, disrupted, hit with viruses, etc. Bloggers have been threatened, imprisoned, poisoned, discredited and beset with barrages of “unfortunate, untimely incidents”, like car accidents and even death. In my opinion the internet is more used as tool to snoop, spy, influence debate, form/guide or to try and control public opinion. As far as I am concerned the internet is a crucial element in the anatomy of the all Seeing Eye.

    I have long thought that old school things like the underground printing press and word of mouth campaigns remain and are far more influential in modern times in the freedom of expression than the internet will ever be. Hardcore political revolutionaries I think would be very reluctant to use the internet as means to plan any strategies. As any true freedom of expression or thought going on, on the internet is highly monitored, I suspect.

    I still say before it is all said and done people will one day pile computers and probably robots too by then, in the streets and burn them just as we once popularly did with books.

  • Have Faith

    Has it occurred to anyone that our own government may be beyond this in an attempt for the US to gain control of that area , along with the oil….??

    Maybe we aren’t as broken down as many of you seem to think….
    Have some faith in our country…

  • Gary2

    “Politics is about choices. The Government can choose to punish millions of people for the recession that they did not cause or it can inconvenience a few of its rich friends.”

    I say we need to choose to TAX the rich HARD and spread the wealth.

  • John

    Watch oil,Silver,food,Gold skyrocket. Most everything else plummet.

  • Jerry Parker

    I am not so sure that empowering the Muslim Brotherhood has to result in Sharia oppression. Women have a large place in the Muslim Brotherhood, and not all Muslim men who are part of it are fundamentalist, either. The Muslim Brotherhood seems to be drawing to itself a wide spectrum of the protest, not just the strict Islamist folks in Egyptian society.

    I worry about the Copts. I participated in a Copt WWW site for awhile, and the hate that the Copts, even the Webmaster of the site, for all things Muslim seemed far too extreme. Copts have to continue to live in an Egyptian society that is Muslim as well as Christian, so spewing hate towards Islam is, to say the least of it, counter-productive to the interests of Copts, be they members of the Coptic Church, Presbyterians, Lutherans, Anglicans, or any other kind of Christians.

    I prefer to look on the positive side regarding the unrest in Egypt. It is an opportunity for good change; if it turns out otherwise, it is Egyptians themselves who are to blame.

  • Jeremiah

    @ Valencia Jehl;

    What is wrong with you?? Why would you post a link through your pseudonym name to a porn site? We come here to learn about important issues, not to be redirected to porn. I hope the MODERATOR of this site bans you. WARNING to anyone else thinking that this name is a link to an informational site.

    • Michael

      Jeremiah:

      Thank you for pointing out Valencia Jehl. I try hard to moderate these comments, but sometimes someone slips something past me. I have removed her comment and banned her from commenting.

      Michael

  • David

    Wall Street is in the state of panic and so as the global financial system everywhere!

    Please click on the link to visit Market watch

    http://online.wsj.com/article/SB10001424052748704832704576113822189671908.html?mod=mktw

  • mondobeyondo

    El Pollo de Oro is correct. A really despotic regime may be replaced by an absolutely horrific one.

    Just ask the people of Iran. They were so eager to get rid of the evil Shah. Oh, how they hated him. Ayatollah Khomeini promised hope and change. (ugh…) Mobs of people took to the streets chanting Khomeini’s name. Sound vaguely familiar??

    The Shaw was kicked out, and exiled to the U.S. Then Islamic radicals took over the country, and they haven’t released their grip yet. The people took to the streets of Tehran last year in massive anti-government protests (remember a young lady named Neda who was shot to death?) The ayatollahs and mullahs simply tightened their grip.

    You say you want a revolution? Be careful what you wish for.

  • mondobeyondo

    It’s really not that hard to shut down the internet.

    All it would take is a decree from the Department of Homeland Security to “implement new regulations against AT&T, Verizon, Sprint, T-Mobile and all wi-fi companies, that due to new intelligence which can’t be disclosed, the Internet has been deemed a danger to public security. Failure to comply would result in immediate, possibly permanent, suspension of your communication license. Violation may also result in harsher crimes such as imprisonment.”

    Bingo. It is done. No more e-mail or social networking. Back to snail mail, huh?

  • mondobeyondo

    oops.. typo in my previous post!

    “Violation may also result in harsher crimes such as imprisonment…”

    I meant to say “harsher punishment”, not “harsher crimes.” Sorry!!!

    Maybe it was a Freudian slip?

  • CJFYuma

    “Let’s just hope that Egypt can soon find peace and that the changes that are made in the Egyptian government are good for freedom and liberty.”

    The author ends this essay on a very high note. The reality in 2011, however, is that lawlessness, civil unrest, rebellion, strife, and war will compound, and affect every nation, including the “Good Ole'” USA. Read Matthew 24, and Book of Revelation in the Bible. Prepare, brethren for the same civil unrest to arrive on our shores by this summer.

    Once the American people realize that they have been screwed forever more by the Obama/ Geithner – Bernank – Goldman Sachs corrupt, evil axis of financial tyranny – WATCH OUT! All hell will break loose, starting in the big, urban areas first (New York, DC, LA, Chicago, Miami, etc.) The devaluation of the “Almighty $”, and national debt default this year, will ignite the civil chaos, and widescale looting. Katrina will look like a picnic in hindsight. Prep NOW! Prep NOW! Prep NOW!

    Obama and the other “Demoncrat” & “Repukeacan” clowns who are running the government will head down to their underground bunkers like Hitler and his top aides did during WWII for security. The rest of us, that remain here at that time, will be left above to survive the mayhem, anarchy, bloodshed, looting, and carnage that will be unleashed upon this corrupted land.

    Remember that desperate, hungry, unemployed, disenfranchised, impoverished people (about 70% of the US population) in any nation will eventually call for the violent overthrow of their oppressor, tyrannical government. Don’t believe it can’t happen here? It happened once before in 1775!

    On an ending note, can you see a parallel between the growing, angry unemployed youth in the Mideast, Europe, and the American youth here who can’t find work after finishing school? The recipe for civil collapse and unrest has already been cooking on the American stove. This bitter morsel is just about cooked, and ready to be served! Pray for America, NOW!

  • Richard

    “But the vast majority of these protesters do not desire “American-style democracy”.”
    GOOD!

  • coolwise

    Would it be something if the Egyptians start to chanting “End the Fed”. After all, QE2 is one of the leading factors of why food prices are going up.

  • TruthSeeker

    “”Would it be something if the Egyptians start to chanting “End the Fed”. After all, QE2 is one of the leading factors of why food prices are going up.””

    Absolutely correct.

    The FED (and US Government) have in effect created about 3 trillion new dollars in the last 2 years in a disgraceful attempt to prop up their failed banks. (or is there something more sinister afoot with the Peak Oil having been now accepted as being in 2006, or is there some other reason?).

    The USA is technically bankrupt and these new dollars are being used to speculate on the commodity markets in order for the banks and other financial institutions to try and “earn” their way out of probably the biggest credit bubble in human history (or some “other” reason) since the banks win on the way up and the way down.

    QE2 is 600 billion dollars (plus another 200+ billion).

    Never has so much bank credit been created in so short a space of time.

    Things are out of control. The USA is exporting its problems to the rest of the world.
    http://market-ticker.org/akcs-www?post=178566

    http://market-ticker.org/akcs-www?post=178559

    http://market-ticker.org/akcs-www?post=178733

    http://www.wdm.org.uk/news/record-food-prices-worsened-banking-speculation

    Hey look (US) bank profits are up !!
    2008 2010
    Bank profits 128 billion 367 billion*
    http://blog.littlesis.org/2011/01/10/evidence-of-an-american-plutocracy-the-larry-summers-story/

    Now just how do banks “make money”?

  • TruthSeeker

    someone said …

    When Ben the Bernank committed to QE, I remember him saying that he didn’t know if it was going to work, as it’s never been done before. He also testified under oath that he is not monetizing debt. I remember thinking to myself, here is the man, whose decisions effect millions of people, not knowing if his little experiment will work. Even worse, I remembered he didn’t see housing bubble coming, yet, whole Obama administration was behind him. Astounding!!!

  • TruthSeeker

    Even Kudlow has written to this effect…

    ” But in addition to the apparent revolt against repressive governments, all the experts say the other main cause of unrest is record food prices. For example, former Bush advisor Dan Senor notes that Egypt is the world’s largest wheat importer. Because of skyrocketing prices, Egyptian inflation is now over 10 percent.

    So I have to ask this tough question: Is Ben Bernanke’s ultra-easy QE2 money pump-priming partially to blame?

    Commodities are priced in dollars, and the Fed has been overproducing dollars for more than two years. Consequently, emerging markets throughout the world — and the food sector in particular — are suffering from rising inflation.

    The CRB food index is up an incredible 36 percent over the past year, including 8 percent year-to-date. Raw materials are up 23 percent over the past year. Inflation breakouts have occurred in China, various Asian Tigers, India, Brazil, and other Latin countries. Even Britain and Germany are registering higher inflation readings.

    http://www.nationalreview.com/kudlows-money-politics/258325/food-riots-bernanke-partially-blame

    (for once he is “onto something”)

  • TruthSeeker
  • MuslimahRose

    To the author of the article, what facts do you have to make a broad statement such as this?

    “So unless your version of “freedom” includes being forced to live like the Taliban, then you probably would not enjoy the “liberty” that the Muslim Brotherhood wishes to impose on you”

    Based on the excerpt you pulled from Wilkipedia “The Brotherhood’s stated goal is to instill the Qur’an and Sunnah as the “sole reference point for … ordering the life of the Muslim family, individual, community … and state” The reference points mentioned are the Quran and the Sunnah, have you read either one? If not perhaps you should, because making the assumption that instilling Shariah law would be living “like the Taliban” is an untruth. You have others reading your article and taking it as fact, I would kindly suggest you be more responsible with the ideas that you promote.

  • The Beast

    You are so biased. If the people of Egypt choose the Islamic Brotherhood, then would you sent another Mubarak to squeeze this democratic election? Does democracy mean choosing those who you like and only that suits your taste? What a hypocrisy I’m reading here.
    Do you believe in democracy at all? Or do you have this “Westerner saves the world” mentality?
    I think you are the fundamentalist. I see no difference between the Taliban that denounce democracy as being “West” with you that denounce Islam as being “un-democratic”.
    Will we see Gaza all over again, when its people choose Hamas democratically and be punished?
    Enough.
    I uphold democracy, the people of Egypt will choose on their own liking and interest. Not you not anyone will dictate that anymore, ENOUGH IS ENOUGH!!

  • http://isncoinsreviews.com/isn-coins-collector-rep-david/ David

    You bring great perspective that we don’t hear elsewhere!

    People need to be careful what they wish for. Those who want Mubarak out may end up with a much worse alternative.

    David
    International Silver Network

  • nasnin

    The author here could have been more secular when he wrote this. The reign of Khalifa Umar is often cited as the most ideal regime . A regime where people went to mosques leaving their shops open and where the ruler was liberal enough in leaving a petty thief free in intense economic and food crisis. Khalifa Umar did not have a guideline other than the Quran and sunnah.Had the author been to any of these before he could not have uttered such offensive terms. The author should at the least have a brief idea when he makes an authoritative comment on anything.

  • James

    Since the U.S. produces a lot of the food and fiber for export to other countries. Why don’t we keep our food and fiber here for the Americans and keep the food cheap? Any extra can then be exported. I wonder how the rest of the planet fed themselves before the U.S. started making other countries so dependent on us for their food? Time for them to become farmers again since most of the people are unemployed.

  • Davidm

    Our Fed, printing money is exporting our inflation around the world. The worlds poor are being crushed and exterminated by higher and higher food prices. Eventually, the people get fed up with the high prices, the corrupt governments, the high unemployment and anemic economy. Suddenly you have riots and chaos. I just with these poor pitiful people knew what was destroying them. So tragic.

  • Scott

    David, maybe we should be more concerned about what’s best for the people of Egypt? Just a little thought, you know, humanity is something to keep in mind sometimes too.

    @James

    Other countries don’t depend on us for food, they are forced to import US goods by the IMF/World Bank policies which cripple their local economic community, that’s the point. How else can you mandate someone to purchase goods they don’t need without controlling their country economically or militarily? Do some research. You can’t judge what countries need and don’t need by the statistics alone, you’ve gotta look closer.

  • mondobeyondo

    “Pro-Mubarak demonstrators…?? What? Huh?!

    I thought everyone in Egypt wanted Mubarak to leave. What happened??”

    Yes, there are actually people who support Hosni Mubarak and his regime.

    Diane Sawyer, Brian Williams and Katie Couric forgot to tell you about that…

  • http://chineserestaurantcapitalism.wordpress.com/ natepolean

    Demand for jobs and food is the root cause and demand for democracy is the Egyptians’ solution for those problems. 40% of Egypt’s 80 million residents live in poverty. When people get desperate and have nothing to lose, riot and social unrest follows.

    http://chineserestaurantcapitalism.wordpress.com

  • Davidm

    Well, Helicopter Ben, chimed in today to say he is not to blame for the high food prices. He claims it is from all the great economic growth. The two trillion he pumped in had nothing to do with it.

    Now I see why they hired him. He can mouth these incredible lies with a straight face. Even though he is proven wrong over and over.

    He almost wanted to say it is time for qe3. Get ready for $6.00 gas and milk. He’ll I needed to get back on my diet.

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