The British Multi-national bank, HSBC, says that Egypt desperately needs a $4.8 billion dollar loan from the International Monetary Fund (IMF) or it will be crushed by a “currency crisis”. HSBC, which was recently caught and fined for money laundering of illegal drug cartel profits, is now the leading spokesman for Egypt’s troubled financial state and is encouraging loans to bail them out.
The IMF always puts stipulations on its loans and grants to nations in need. That’s how they hook the country into the cycle of debt. The debt enables the Central Banking Cartel of the West to control the political and economic policies of foreign nations.
This is really not surprising. There are tons of articles on how the Central Banking System of the West is the prime perpetrator of poverty, wars, cultural decline, and human stress.
We are now seeing what a lot of people were talking about. This time in Egypt. If you still believe the “Arab Spring” was a spontaneous movement by the masses, then maybe you need to take a class in how to put dots together or something. All the nations affected by these “color” revolutions and “springs” have only replaced old-time dictators (that the West installed in the first place) with more modern versions of the same.
The Central Banking System (which is centered in Basel Switzerland at the Bank of International Settlements and often called the “Central bank of Central banks”) cannot continue without continually seeking out new debtors. The system is like a vampire, it has to have debt or it dies. This trickles down into all of our lives and controls us at every level.
In the Christian Science Monitor article below I italicized and set in bold the paragraph that gets to the crux of the matter, where it is hinted that Egypt’s economic stability rests on an unstated set of factors that will be determined by parliamentary polls. This is how the IMF operates and gains control over foreign governments. Egypt is one of the latest victims of the Central Banking System and has lost much of its sovereignty. Hopefully the people will see through this sham.
IMF arrives in Egypt in effort to head off currency crisis
Leading bank HSBC said that a $4.8 billion International Monetary Fund loan is ‘the only thing’ preventing Egypt from a currency crisis brought on by post-revolution political upheaval.
Cairo
A senior IMF official met Egypt’s government on Monday to discuss a vital $4.8 billion loan as the Islamist-led state battles to contain a currency crisis set off by political turmoil that is depleting its foreign reserves.
The IMF’s Middle East and Central Asia director, Masood Ahmed, met Prime Minister Hisham Kandil at the start of a visit coinciding with a sharp decline in the value of the Egyptian pound, which has hit a series of record lows against the dollar.
“At this stage, the putative $4.8 billion IMF deal is the only thing standing between Egypt and a disorderly economic deterioration,” HSBC said in a note issued on Monday. “The fact that Mr. Ahmed is making the trip to Cairo is positive.”
Egypt has endured nearly two years of political upheaval since the euphoria of the uprising that toppled Hosni Mubarak in February 2011 and eventually brought Islamists to power. Their credibility – and how well they do in forthcoming parliamentary polls – may rest on how they handle the economic crisis.
Before the visit, the International Monetary Fund had said Ahmed would discuss recent economic developments and “possible IMF support for Egypt in facing these challenges.” Egyptian state media said the IMF team would stay for several days.
Americanoverkill
