STAFF NEWS & ANALYSIS
Contrived Chaos in Egypt as IMF Considers Withdrawal of US$5 Billion
By Staff News & Analysis - December 03, 2012

Mursi crisis leaves Egypt's economic plan, IMF deal hanging in the balance … When the International Monetary Fund (IMF) board meets in a few weeks to consider a nearly $5 billion financing agreement for Egypt, its members will need to ensure that the economic outlook for the country has not changed and, perhaps more pertinently, that the government is capable of successfully implementing its economic reform program. ¡Concern is mounting in financial circles over IMF approval as the country is gripped by a wave of protests against a presidential decree issued on Nov. 22 by Egypt's Islamist leader Muhammed Mursi granting himself sweeping powers and putting his decisions beyond judicial review. – Alarabiya.net

Dominant Social Theme: What's happened in Egypt was entirely unexpected.

Free-Market Analysis: From bad to worse in Egypt, but we can't say we're surprised. Can you? We've written that the West is engaged in a process of destabilizing the Middle East and replacing secular governments with Islamic ones controlled by the Muslim Brotherhood. See articles here, for example:

As Predicted, CIA-Sponsored Muslim Bros. Becomes Enemy

Middle East Reporting: What's Being Left Out?

The Muslim Brotherhood is in turn reportedly controlled by the CIA. And thus, Muhammed Mursi's dictatorial moves are probably not entirely his own idea. From our standpoint as analyzers of what we've come to call directed history, Mursi and his authoritarianism are part of a larger scenario.

A power elite is behind these events, in our view, a group of impossibly wealthy banking families and their enablers and associates. The goal is world government. The tools are fear-based promotions that often deal with scarcity in such areas as food, water and energy.

But the war on terror is one such meme, as well. And Mursi's behavior would constitute a subdominant social theme. The terrorists are everywhere and they are taking over in Egypt, too, and acting irrationally.

Now as so often happens with this sort of directed history, another wrinkle is added. The IMF may withdraw funds because of Mursi's actions. Here's some more from the article:

When the International Monetary Fund (IMF) board meets in a few weeks to consider a nearly $5 billion financing agreement for Egypt, its members will need to ensure that the economic outlook for the country has not changed and, perhaps more pertinently, that the government is capable of successfully implementing its economic reform program.

Concern is mounting in financial circles over IMF approval as the country is gripped by a wave of protests against a presidential decree issued on Nov. 22 by Egypt's Islamist leader Muhammed Mursi granting himself sweeping powers and putting his decisions beyond judicial review.

"Consideration of the agreement by the IMF Executive Board will require that there is no major change in the economic outlook and implementation plans," said Wafa Amr, IMF spokesperson.

Amr added that the IMF will also be looking for assurances from other donors – such as the United States, the EU and international financing institutions- that their share of financing will also be forthcoming. It is as yet unclear how the President's decisions and backlash against them will affect external financing agreements between the Egyptian government and these partners.

However, local media quoted an IMF source as saying Mursi's declaration could delay the loan and economists cautioned that the latest political deadlock pitting Islamists against secular and liberal groups poses risks to the IMF program.

This, of course, is the crux issue. For one reason or another the powers-that-be want to create radical disaffection and chaos in Middle Eastern countries. Tunisia and Libya seethe with violence and Egypt is well on its way.

The reality is that this sort of directed history is intended to create further disaffection between the Christian West and Islamic East. This sort of tension, creatively utilized, manifests itself in further Western authoritarianism and militarism.

From the standpoint of the Middle East, such activities radicalize youth and create a kind of self-fulfilling prophecy regarding increasingly strident Islam. Let the IMF forego its funding and further chaos will befall Egypt.

After Thoughts

It will seem logical, even inevitable but in fact it may be a malicious plan.

Posted in STAFF NEWS & ANALYSIS
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