Discussion: Egypt not accepting the fake riba paper money?

[جوري]

That would help but as I say, the root of the problem is not debt but the public account deficit and a serious decline in foreign reserves (tourism was a major source of foreign currency as well as remittances from Egyptians working overseas). Egypt is spending more than it earns.

Every country is spending more than it earns except perhaps for China. I certainly hope Egypt would give up tourism as a source for its economy. It has brought nothing but spies and debuachery. Wherever Mursi scratches a cesspool of filth and corruption is revealed and it is going to take sometime to fix. There's not a shortage of resources in Egypt nor countries to do business with.
Just the desert sand alone can be used to help Malyasia with computer chips. Al'sukkari mine would be better off to the benefit of Egypt than dutch companies but we need to rid of the turds that are Ann Paterson and Co. close shop for a while we repair.. since they're there for only one purpose and we all know what it is!

 

[Independent]

Every country is spending more than it earns except perhaps for China.

Yes, which is why continued access to borrowing is essential. Commercial rates for Egypt are rising (because of perceived risk) and at this rate the IMF will be the only place left to go - or they will have to stop paying every public sector worker (and start another revolution).

They may not have very long before this becomes a crisis.

 

[جوري]

Yes, which is why continued access to borrowing is essential. Commercial rates for Egypt are rising (because of perceived risk) and at this rate the IMF will be the only place to go - or they will have to stop paying every public sector worker (and start another revolution).

You are not sitting on Egypt's treasury to know whether or not it can pay its public sector workers, you only infer based on the rumor mill which is meant to instil fear in the hearts of the people. Be that as it may there are plenty of countries to borrow from, in the middle east if that's the case as to not resort to western style usury. Turkey has already helped and so has Qatar.. like I said it will take a while to stand on its feet if only the cockroaches would leave it be for a while.. but of course we're all too well aware of the agenda!

best,

 

[Independent]

You are not sitting on Egypt's treasury to know whether or not it can pay its public sector workers

Most countries publish these figures.

Turkey has already helped and so has Qatar

I mentioned this already. But they won't fund a deficit forever.

 

[جوري]

Most countries publish these figures.

Have you that figure from Egypt officially or simply your rumor mill?

But they won't fund a deficit forever.

The Muslim world has no intention of being divided for long nor will we sit idle watching Muslim's fortunes squandered on western wh0res and in the hands and at the hands of despots.. haven't you heard? there's a cascade & a domino effect of revolts going on.

best,

 

[Independent]

Have you that figure from Egypt officially or simply your rumor mill?

It's not in the least controversial or unusual to publish such figures and they are available from many sources.

nor will we sit idle watching Muslim's fortunes squandered on western wh0res and in the hands and at the hands of despots

That's all very well, but I was talking about public sector workers.

 

[جوري]

It's not in the least controversial or unusual to publish such figures and they are available from many sources.

That doesn't answer my question. Do you have figures of the Egyptian treasury for us and evidence that wages won't be paid?

 

[Independent]

That doesn't answer my question. Do you have figures of the Egyptian treasury for us and evidence that wages won't be paid?

For example, some details about foreign reserves here:
http://www.bloomberg.com/news/2012-...nt-deficit-widens-as-tourism-fdi-fall-1-.html

And some about public sector workers here:
http://www.egyptindependent.com/news/public-sector-salaries-be-delayed

 

[جوري]

For example, some details about foreign reserves here:
http://www.bloomberg.com/news/2012-...nt-deficit-widens-as-tourism-fdi-fall-1-.html

And some about public sector workers here:
http://www.egyptindependent.com/news/public-sector-salaries-be-delayed

bloomerberg is being a berg and the office of the presidency has already denied the salaries being delayed in fact the Egyptian news is more akin to tabloids than facts and takes its orders from the bergs.
Like I said I'd like the figures from the official treasury, can you do that?

best,

 

[Independent]

bloomerberg is being a berg and the office of the presidency has already denied the salaries being delayed in fact the Egyptian news is more akin to tabloids than facts and takes its orders from the bergs.
Like I said I'd like the figures from the official treasury, can you do that?

Actually I'm going to bed. (Bloomerberg is a berg?!!)

 

[جوري]

Actually I'm going to bed

You do that!

(Bloomerberg is a berg?!!)

Indeed being a Jewy McJew Jew.. they only have one type of news..

by the way I like that exist.. you and the other fellow like your sleep when the going gets tough I guess..

best,

 

[Independent]

Indeed being a Jewy McJew Jew.. they only have one type of news..

Bloomberg are known the world over as one the largest financial data service companies. They get their statistics from official sources the same way as anyone else does - in this case as provided by the Central Bank of Egypt:

http://www.cbe.org.eg/SDDS/InternationalReserves.htm

But the only thing you think worthy of comment is that they must be a bunch of 'Jewy McJew Jews' because they have a JEWISH name.

 

[جوري]

Bloomberg are known the world over as one the largest financial data service companies. They get their statistics from official sources the same way as anyone else does - in this case as provided by the Central Bank of Egypt:

http://www.cbe.org.eg/SDDS/InternationalReserves.htm

But the only thing you think worthy of comment is that they must be a bunch of 'Jewy McJew Jews' because they have a JEWISH name.

Credibility of the source is indeed important- whether or not you think they're credible is irrelevant. Furtheremore, the data you provided above says nothing about disability of paying the public sector workers their dues.
All it has are numbers with no reference points and a comment on that bottom stating:
Compared with December 2012 figure , the NIR has decreased partially due to the payment of USD 619 million of Egypt external debt to Paris Club member countries .

good luck with your next attempt.

best,

 

[Independent]

Credibility of the source is indeed important

The data shows foreign currency reserves at 8903 (US$Mill) as recorded by Bloomberg's and everyone else if you bothered to check - and that's about a third of what it was 2 years ago.

But in your blind prejudice the only thing you can see is that this US company has a Jewish name.

 

[جوري]

The data shows foreign currency reserves at 8903 (US$Mill) as recorded by Bloomberg's and everyone else if you bothered to check - and that's about a third of what it was 2 years ago.

But in your blind prejudice the only thing you can see is that this US company has a Jewish name.

My 'Blind prejudice' isn't what's on trial. I subscribe to the sources of my choosing- No law against it! The president of Egypt has already denied the allegations that there's not enough money to pay the wages of the public sector workers and you're yet to provide official data from th Egyptian treasury. Again, I don't care who you or 'everyone' else belives to be a fact. argumentum ad populum does nothing for me, neither does playing the victim/Jewish card.


best,

 

[Independent]

neither does playing the victim/Jewish card.

You played it, not me - at first I didn't even realise what you meant when you started jeering about bloomer-berg.

My 'Blind prejudice' isn't what's on trial. I can choose the sources of my choosing to build my opinion.

You rejected a source for having a Jewish name, when you don't even know if they're actually Jewish, because you hate Jews. Not just Jews - but Jews are right up there at the top of your list.

 

[جوري]

You played it, not me - at first I didn't even realise what you meant when you started jeering about bloomer-berg.

I don't believe them to be victims to play the card. I don't have to accept the enemy' source as accurate - it is warefare and it takes many different forms. Media and rumor mill is one of them!

My 'Blind prejudice' isn't what's on trial. I can choose the sources of my choosing to build my opinion. You rejected a source for having a Jewish name, when you don't even know if they're actually Jewish, because you hate Jews. Not just Jews - but Jews are right up there at the top.

See above reply and stop ensnaring with your ********- I already told you it does nothing for me the words you put in people's mouths and the inane simpleton conclusions you draw when folks clarify for you & repeatedly their objections.

best,

 

[Scimitar]

please sister, mind your language. this is not reflective of your status as a Muslim woman.

 

[Logikon]

When a country is a basket case, they cannot borrow on the world markets. The IMF is the only place they can borrow.

Typically a country is a financial basket case either because it cannot manage its finances or else the country is rife with corruption.

When the IMF lends they have a condition. The country must clean up one or the other problem or both problems as the case may be.

The idea That Egypt will be hit with sanctions for not taking an IMF loan is quite ridiculous!
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