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Silver Wheaton Corp. Message Board

  • roadrunner_46730 roadrunner_46730 Jul 5, 2013 3:28 PM Flag

    With trouble in Egypt

    I would not want to be short gold or silver over the weekend. All heck could break out over there.

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    • Congressman Ron Paul – Texas Straight Talk
      New Egyptian War: Americans Lose, Again

      Looking at the banners in the massive Egyptian protests last week, we saw many anti-American slogans. Likewise, the Muslim Brotherhood-led government that was deposed by the military last week was very critical of what it saw as US support for the coup. Why is it that all sides in this Egyptian civil war seem so angry with the United States? Because the United States has at one point or another supported each side, which means also that at some point the US has also opposed each side. It is the constant meddling in Egyptian affairs that has turned Egyptians against us, as we would resent foreign intervention in our own affairs.

      For more than 30 years, since the US-brokered Camp David Accord between Israel and Egypt, the US supported Egyptian dictator Hosni Mubarak. Over that period the US sent more than $60 billion to prop up Mubarak and, importantly, to train and seek control over the Egyptian military. Those who opposed Mubarak’s unelected reign became more and more resentful of the US, which they rightly saw as aiding and abetting a dictator and denying them their political aspirations.

      Then the US began providing assistance to groups seeking to overthrow Mubarak, which they did in 2011. The US continued funding the Egyptian military at that time, arguing that US aid was more critical than ever if we are to maintain influence. The US Administration demanded an election in Egypt after Mubarak’s overthrow and an election was held. Mohamed Morsi of the Muslim Brotherhood won a narrow victory. The US supported Morsi but kept funding the Egyptian military.

      After a year of Morsi’s rule, Egyptians who did not approve of his government took to the streets to demand his removal from power. The US signaled to the Egyptian military that it would not oppose the removal of Morsi from power, and he was removed on July 3rd. With the overthrow of the Muslim Brotherhood-led government came the arrest of many politicians and the closure of many media outlets sympathetic to them. Then the US government warned the same Egyptian military that undermined democracy that it needed to restore democracy! Is it any wonder why Egyptians from all walks of life are united in their irritation with the United States?

      Despite the Egyptian government being overthrown by a military coup, the Obama Administration will not utter the word “coup” because acknowledging reality would mean an end to US assistance to the Egyptian government and military. That cannot be allowed.

      Instead, we see the same Obama administration that is on a worldwide manhunt for pro-transparency whistle-blower Edward Snowden demand that the Egyptian military exercise "political transparency" in its dealings with the ousted Muslim Brotherhood-led government.
      So, successive US administrations over the decades have supported all sides in Egypt, from dictator to demonstrator to military. There is only one side that the US government has never supported: our side. The American side. It has never supported the side of the US taxpayers who resent being forced to fund a foreign dictatorship, a foreign military, and foreign protestors. It has never supported the side of the majority of Americans who do not wish to get involved in the confusing internal affairs of countries thousands of miles away. It has never supported the side of those of us concerned about blowback, which is the real threat to our national security.

      Unfortunately, US administrations continue to follow the same old failed policies and Obama is no different. More intervention, more foreign aid, more bullying, more empire.
      Congressman Ron Paul – Texas Straight Talk
      New Egyptian War: Americans Lose, Again

      Looking at the banners in the massive Egyptian protests last week, we saw many anti-American slogans. Likewise, the Muslim Brotherhood-led government that was deposed by the military last week was very critical of what it saw as US support for the coup. Why is it that all sides in this Egyptian civil war seem so angry with the United States? Because the United States has at one point or another supported each side, which means also that at some point the US has also opposed each side. It is the constant meddling in Egyptian affairs that has turned Egyptians against us, as we would resent foreign intervention in our own affairs.

      For more than 30 years, since the US-brokered Camp David Accord between Israel and Egypt, the US supported Egyptian dictator Hosni Mubarak. Over that period the US sent more than $60 billion to prop up Mubarak and, importantly, to train and seek control over the Egyptian military. Those who opposed Mubarak’s unelected reign became more and more resentful of the US, which they rightly saw as aiding and abetting a dictator and denying them their political aspirations.

      Then the US began providing assistance to groups seeking to overthrow Mubarak, which they did in 2011. The US continued funding the Egyptian military at that time, arguing that US aid was more critical than ever if we are to maintain influence. The US Administration demanded an election in Egypt after Mubarak’s overthrow and an election was held. Mohamed Morsi of the Muslim Brotherhood won a narrow victory. The US supported Morsi but kept funding the Egyptian military.

      After a year of Morsi’s rule, Egyptians who did not approve of his government took to the streets to demand his removal from power. The US signaled to the Egyptian military that it would not oppose the removal of Morsi from power, and he was removed on July 3rd. With the overthrow of the Muslim Brotherhood-led government came the arrest of many politicians and the closure of many media outlets sympathetic to them. Then the US government warned the same Egyptian military that undermined democracy that it needed to restore democracy! Is it any wonder why Egyptians from all walks of life are united in their irritation with the United States?

      Despite the Egyptian government being overthrown by a military coup, the Obama Administration will not utter the word “coup” because acknowledging reality would mean an end to US assistance to the Egyptian government and military. That cannot be allowed.

      Instead, we see the same Obama administration that is on a worldwide manhunt for pro-transparency whistle-blower Edward Snowden demand that the Egyptian military exercise "political transparency" in its dealings with the ousted Muslim Brotherhood-led government.
      So, successive US administrations over the decades have supported all sides in Egypt, from dictator to demonstrator to military. There is only one side that the US government has never supported: our side. The American side. It has never supported the side of the US taxpayers who resent being forced to fund a foreign dictatorship, a foreign military, and foreign protestors. It has never supported the side of the majority of Americans who do not wish to get involved in the confusing internal affairs of countries thousands of miles away. It has never supported the side of those of us concerned about blowback, which is the real threat to our national security.

      Unfortunately, US administrations continue to follow the same old failed policies and Obama is no different. More intervention, more foreign aid, more bullying, more empire.

    • The changeover in Egypt supported by the military has been defined as a "coup" by many commentators. Geopolitical turmoil in a country like this that controls the Suez canal used to trigger spikes in gold and silver prices. This time it did not and I have to ask myself, why not? If an oil tanker is attacked and sunk in the canal, will that type of event even push metal prices higher? The price of oil will certainly rise but what about the metals? It appears that the powers that move the gold/silver markets have put the blinders on everyone so that we only focus on what the Federal Reserve may or may not do. I'm just saying!

      • 1 Reply to quailrunrd
      • But then again, Egypt is not that serious of a problem. At least john Kerry doesn't seem to think so:

        "As regime change was unfolding in Egypt, Secretary of State John Kerry spent time on his boat Wednesday afternoon in Nantucket Sound, the State Department acknowledged to CBS News on Friday, after repeatedly denying that Kerry was aboard any boat."

        And, yes. Kerry is still at the helm of his boat today, 7/5/2013.

    • but isnt't silver good for a good economy unlike gold? let's hope silver goes above 20$ very soon

 
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