is Egypt, the M.E's Berlin Wall moment?????

[johnnycakes]

Re: is Egypt, the M.E's Berlin Wall moment?????

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">see...the US already tawking bout upcoming election n wat would happen to the world economy.... </div></div>

Evan, If you are talking about an election in Egypt, it would not affect the world economy except in a tangential way IF the Moslem Brotherhood holds any power in the new government . That happening would end the cozy U.S. paid relationship Egypt has with the criminal state of Israel and change the status quo in the Middle East dramatically.

I don't see how a change of government in Egypt would affect the world economy although I would hope it would help the 40-50% of Egyptians who live in poverty.

That would only happen if they went to a Libyan style state socialism.

Not much will change if they, like Tunisia (so far) , retain a capitalist economy.

yes , sure they'll gain the freedom to speak out against their poverty and other problems but will be unable to change that grinding poverty.

Isn't it interesting that no one seems to be addressing this issue but me?

[evanovitch]

Re: is Egypt, the M.E's Berlin Wall moment?????

both statements r independent of each odda...the US is already talking about the election that was already slated to happen, i.e. change could be happening on its own, maybe, AND they r talking about the effect of any instability in Egypt,i.e.mekking people force change of govament, on the world economy...

Egypt is home to the Suez thru wich all dat ile haffi pass ...any blockade of it will affect world economy wich the US is saying is run on ile...ergo, we will do everything to mek sure ile comes tru ..den also seh dat the dolla is the currency of choice by the world and in times of uncertainty there is a run on said dolla etc etc etc

as long as oono deh mongst us yaadie u fi know how fi read wat we saying wen it is said in a sentence r two

[johnnycakes]

Re: is Egypt, the M.E's Berlin Wall moment?????

Evan,
Were the Egyptians to elect or install a government un friendly to U.S interests, they'll lose the 2 billion that they get in bribes and that will make the revenue from the Canal operation that much more necessary to them. Their is no reason for any Egyptian government no matter how hostile to screw with oil shipments through the canal when the revenue from that oil trade is what drives the economies of fellow Arabic/ Islamic countries whom they will need as allies.
They would gain only political points in the eyes of others who are also anti-U.S but lose too much in the eyes of countries like Iran and Iraq who really need that oil money.

Unless there is a change from capitalism to socialism in Egypt the 40% poverty rate which drives the mobs in the street will persist and no government that clings to that failure can survive.

[neutral]

Re: the issue wich will decide how this all plays

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body"> well aware of the history of Afghanistan

Fanatics of any sort, domestic or international will always be nutjobs in my book


</div></div>

simply because you defend your country against foreign invaders doesnt make you a fanatic,or a nutjob,if that yardstick was to be applied justifiably then the majority of americans could be classed as nutjobs,as they all seem to be fanatical about something,the problem with americans is they are ignorant about foreign affairs,they seldom travel and have no real grasp about world affairs except what they glean from CNN,faux news,or what their government tells them.

The real nutjob is ignorance.

[neutral]

Re: is Egypt, the M.E's Berlin Wall moment?????

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">

Egypt is home to the Suez thru wich all dat ile haffi pass ...any blockade of it will affect world economy wich the US is saying is run on ile...ergo, we will do everything to mek sure ile comes tru ..den also seh dat the dolla is the currency of choice by the world and in times of uncertainty there is a run on said dolla e</div></div>

I beg to differ here but the dollar is most certainly not the currency of choice,the pound is definitey stronger,and the euro is also pulling its weight quite nicely,in your neck of the woods the dollar may be looking fit but us europeans most certainly dont respect the dollar,it carries no weight...paypah money !

[evanovitch]

Re: is Egypt, the M.E's Berlin Wall moment?????

wedda di consumer respects the dollar or not, in the world of finance, it is still the monetary power,,,if it were not, China would be unloaded it like wat and oddas would not snap it up when the US floats it to get money

i am sure dat Mubarak wife an son did not have pound sterling r euros in dem 100 suitcases but i am sure dem had dollas...

a juss so di ting set

[R_C]

Re: is Egypt, the M.E's Berlin Wall moment?????

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Natral</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">

Egypt is home to the Suez thru wich all dat ile haffi pass ...any blockade of it will affect world economy wich the US is saying is run on ile...ergo, we will do everything to mek sure ile comes tru ..den also seh dat the dolla is the currency of choice by the world and in times of uncertainty there is a run on said dolla e</div></div>

I beg to differ here but the dollar is most certainly not the currency of choice,the pound is definitey stronger,and the euro is also pulling its weight quite nicely,in your neck of the woods the dollar may be looking fit but us europeans most certainly dont respect the dollar,it carries no weight...paypah money ! </div></div>

The Chinese may not agree with this. Two-thirds of its currency reserves are in US dollars.

[Q3210]

Re: is Egypt, the M.E's Berlin Wall moment?????

Simply said.
Natral`s only mekking yu aware of what`s in `is packets.

[neutral]

Re: is Egypt, the M.E's Berlin Wall moment?????

The dollar is weak,and always have been against the pound,the pound has always been the currency of strength,in the world of finance the pound has always been king.....the dollar is dead long live the pound.

[evanovitch]

Re: is Egypt, the M.E's Berlin Wall moment?????

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: johnnycakes</div><div class="ubbcode-body">Evan,
Were the Egyptians to elect or install a government un friendly to U.S interests, they'll lose the 2 billion that they get in bribes and that will make the revenue from the Canal operation that much more necessary to them. Their is no reason for any Egyptian government no matter how hostile to screw with oil shipments through the canal when the revenue from that oil trade is what drives the economies of fellow Arabic/ Islamic countries whom they will need as allies.
They would gain only political points in the eyes of others who are also anti-U.S but lose too much in the eyes of countries like Iran and Iraq who really need that oil money.

Unless there is a change from capitalism to socialism in Egypt the 40% poverty rate which drives the mobs in the street will persist and no government that clings to that failure can survive. </div></div>

there is nothing to say they will do any of that..i guess i should have clarified miself furda...memba i had posted about catch words to lissen fah to gauge US response

i was following on from dat by citing Hillary's statement that elections were imminent anyhow n chances r dat Mubarak would have been voted out...inodda words dem want the people to wait for the elections n vote rada dan have a change juss now by odda means

den u had the GOP who stated dat the dollar rules and oil runs the world so any sudden shake up would affect the ile, the dollar nd the world economy


ergo, US is not coming down on the side of the protestors...not yet

[RichD]

Re: is Egypt, the M.E's Berlin Wall moment?????

despite all that the dollar is still the currency of international trade..even the UK quotes it reserves in terms of US $$$

http://www.bankofengland.co.uk/statistics/reserves/summary.htm

[R_C]

Re: is Egypt, the M.E's Berlin Wall moment?????

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: johnnycakes</div><div class="ubbcode-body">Isn't it interesting that no one seems to be addressing this issue but me? </div></div>

JC.....please. You might fall off that horse and injure yourself if you are not careful.

[neutral]

Re: is Egypt, the M.E's Berlin Wall moment?????

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Rollin_Calf</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Natral</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">

Egypt is home to the Suez thru wich all dat ile haffi pass ...any blockade of it will affect world economy wich the US is saying is run on ile...ergo, we will do everything to mek sure ile comes tru ..den also seh dat the dolla is the currency of choice by the world and in times of uncertainty there is a run on said dolla e</div></div>

I beg to differ here but the dollar is most certainly not the currency of choice,the pound is definitey stronger,and the euro is also pulling its weight quite nicely,in your neck of the woods the dollar may be looking fit but us europeans most certainly dont respect the dollar,it carries no weight...paypah money ! </div></div>

The Chinese may not agree with this. Two-thirds of its currency reserves are in US dollars. </div></div>

That is based on political expediency,I am not trying to gain any brownie points here but the dollar has never been able to stand toe to toe with the pound,the english pound is stronger than any other currency.

[R_C]

Re: is Egypt, the M.E's Berlin Wall moment?????

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Natral</div><div class="ubbcode-body">That is based on political expediency..</div></div>

Meaning ?

[evanovitch]

Re: is Egypt, the M.E's Berlin Wall moment?????

expediency, contest wateva it is, the fact is the fact is the fact that the US dollar continues to be the world currency