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Egypt And Tunisia Are Offered BIG Carrots Under The Shadow Of BIG Sticks By The Ingratiating BIG 8

{Reprint from May, 2011.  Look at the economies of Tunisia and Egypt today. ‘Nuff said…}


Egypt And Tunisia Are Offered BIG Carrots Under The Shadow Of BIG Sticks By The Ingratiating BIG 8

M. Dennis Paul, Ph.D.

New York Times writer, Liz Alderman reports, May 27, 2011, that the leaders of the Group of 8 have agreed to pledge large sums of capital to “bolster Arab Democracy”. These leaders, she writes, expressed concern that the democracy movement in the Arab world could be “hijacked” by Islamic “radicals” should the Group not act to help stabilize the economies of both Egypt and Tunisia. She was unable to report a final sum, however, mentioned that it was inferred as much as $20 billion, and possibly double that (according to Host, President Nicholas Sarkozy of France) amount, might find its way to these nations. It was not specified how much each country would offer, how the sums would be determined and disbursed between the nations and precisely what restrictions might be placed upon the use of these funds. Wisely, Liz reported an oft overlooked fact that the Group has, in the past, made pledges that were never fulfilled. (See the article at ).

As is most typical in the rhetoric of the BIG 8, such offerings are made with the intentions of fostering employment where numbers are dramatically high for out of work youth and displaced older workers. Further, the suggestion of market creation falls under sadly ill-defined references to “Open Markets”. “Equal Opportunity” is all tossed into the soup, especially now in Muslim nations where the perception is that women are the ultimate underclass.

Besides the 8 represented nations (United States, Japan, Canada, Britain, France, Germany, Italy and Russia), funds would be derived from infusions offered by the World Bank, IMF, and the European Investment Bank. Often packaged in such deals are deferments or forgiveness for previously existing and/or defaulted upon loans from these same organizations. There is reason behind such “gestures” as will be explained further on.

In comparison to the actual economies of these countries, the amounts being dangled before them are relatively small. Natural concerns for nations undergoing regime changes, whether to some form of democracy or another “family operation”, are losses having already accrued or are projected through any perceived transition period. Often trade will take dramatic nosedives sufficient to force factory and bank closings, strikes will occur, tourist industries will take sizable hits and various forms of shortages in food and other commodities as well as inflation, foreclosure and bankruptcies will occur. Both Tunisia and Egypt are presently feeling most all the effects mentioned.

Instability, which is a natural beginning of any takeover and transition, are high priority concerns for investors which makes it difficult for newly emerging governments to acquire needed loans. Keenly aware, the BIG 8 and its economic partners, the IMF, et al, act fairly swiftly in preparing a shining carrot to offer the needy nations. Such seemingly tasty carrots, however, seldom, if ever, come without an equally distasteful stick threatening disbursement and use of any funds, if any at all, that might make its way to the nations.

Obviously, there are very legitimate concerns that any lending institution would consider in making a loan. In the case of nations undergoing the instability of transitions such as that faced by these two nations, obvious concerns of knowing who would be responsible for insuring the funds are properly administered in any reconstruction plans, what institutions, credit and loan banks, investment funds, etc would be used to insure proper administration of loans and investments, etc. It is certainly legit to be concerned about misuse or misappropriation. It is doubtful that Egypt will see sufficient funds returned from the thefts by Mubarak and his cronies. The same applies to Tunisia. They will need economic assistance to help them overcome the serious monetary crisis that is looming. This is in spite of their having had some noticeable improvement prior to the revolution. Once the books are open, it is highly likely that far greater thefts will be uncovered and, of greater concern, is the withholding of payments due to the Mubarak government by other nations, some being withheld as “incentive” to accept whatever packages the G8 etc will offer.

The other side of what at first glance appear to be humanitarian gestures, however, is the unpublicized restrictions and caveats applied to these funds. Anyone who has followed the workings of the IMF, the World Bank, the G8 and others in their business of providing funds to impoverished nations is well aware of the devastation often caused by those funds and the restrictions placed upon them.

It is important to understand, right out of the box, that accepting these loans will immediately place both Tunisia and Egypt under long term economic strategies that they would have little time, let alone expertise, to assess for practicability and risks inherent in such strategies. So little time, in fact, would be available that the interim governments would be locking their nations into these contracts long before the first elections, set to establish the structure of these nations, have taken place. This is an ideal situation for the G8 and friends because it sets the tone for these nations of a future once again under the economic thumbs of the elite.

Israel and the US, in particular, fear independent nations in the Middle East/Africa. Signs of pushing back against the despot duo have already begun with the opening of Rafah. In many ways, Egypt is far more important, strategically, as an ally to the US than is Israel. In fact, according to military sources, Israel is of little actual strategical benefit to US interests. Israel desperately needs Egypt to be placed on a tight leash in order to secure its stranglehold on the Palestinian people. Insecure in its ability to truly be a good friend to any nation, the US relies heavily on economic strangleholds to “keep its friends in line”.

So, the US, through the G8 must act swiftly to insure that no matter what form of government arises in the two nations, and no matter who emerges as leaders, the US will have the economic clout to force upon them whatever treaties, bargains, and trade agreements it sees fit. The imperative nature of this need mandates the deferment and forgiveness of prior loans. The package it offers to these two nations must be unencumbered of negotiation for past debts and must appear as soundly humanitarian as is possible. It is, after all, a carrot that must appear enticing. Too, in the case of Egypt, as it stands right now, the negotiations for these loans and initial channels would be the same bunch of elites that were selected and courted by Mubarak… a BIG plus for the G8 et al.

As we have seen in Africa, Haiti and other severely depressed areas of the world, in those instances where G8 and Co. actually delivers upon its promises, life generally either stays the same or becomes more intolerable. The governments typically become more despotic, and the elite, who actually depend upon joblessness and poverty to increase their already enormous wealth, become just that much richer in the pocket… certainly not in the heart.

As always, the losers are the people… unless they carry their revolution through with the belief that each new day is a new step in the process and that there is no end to the process. It takes an enormous amount of courage and collective insight to refuse the improper advances of the whore nations and their pimp banks. History shows the US and its colonialist partners are notorious for buying out and undermining legitimate revolutions.

For Egypt and Tunisia, it is important that while they act to avoid being “hijacked” by Islamic “radicals”, they also act to avoid being “hijacked” by the US, the G8 and the BIG BANKS.



History shows that the G8 and its cronies do not particularly like working directly with legitimate democracies. It is far easier to work with military dictatorships and royals who are more apt to make unilateral decisions with little down time wasted on parliamentary votes or Congressional approvals. Egypt is in a prime position, from the eyes of the G8 vultures as it has very recently disposed of a “royal” and was left in the interim hands of a military government.

It is a very sad situation to report that this government has succumbed to the baiting of the big banks and the G8. In its first move, the military agreed to accept the Muslim Brotherhood as a legitimate party. This sets up the stage for future elections with a high win potential as many in the Middle East have long been fed a perception of the brotherhood as a “radical” organization undesirable to the tyrant regimes of the region… The truth is something quite different. The video that follows this article explains this difference quite clearly. It also reiterates historical precedents of the IMF et al.

Secondly, the military leaders of Egypt agreed to accept an initial 3 billion dollar loan from IMF. These two conditions, now having been set in motion, effectively have doomed the Egyptian revolution and once again establishes a western noose around the necks of the Egyptian people. With more funding being offered, it is unlikely this situation will be easily reversed. A big question is whether or not Tunisia will soon follow.

Is this situation as hopeless as it may seem from this writing? This is difficult to answer. What options are left for the people of Egypt will depend entirely on the willingness of the revolution’s full weight to educate itself about the Brotherhood and the IMF et al loans and set about locating strong opposition for the coming elections. If, and only if, they can find a strong enough candidate and bring the population behind him/her, can they overcome this terrible selling out of all their previous effort.

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