Discussion: Egypt not accepting the fake riba paper money? (OP)
Egypt will not sign "emergency" IMF loan - cabinet
(Reuters) - Egypt will not sign any "emergency" loan with the International Monetary Fund and any loan agreement will be within the context of the country's economic programme, cabinet spokesman Alaa el-Hadidi said on Tuesday. "There will not be a fast or emergency loan," Hadidi told reporters, adding that no timing has been set yet for the IMF mission's visit to Egypt.
http://www.youtube.com/user/robinb4life?feature=mhee
I will not calm down until I will put one cheek of a tyrant on the ground and the other under my feet, and for the poor and weak, I will put my cheek on the ground. - Umar ibn khattab(Ra)
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!
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Re: Discussion: Egypt not accepting the fake riba paper money?
format_quote Originally Posted by شَادِنُ
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.
Re: Discussion: Egypt not accepting the fake riba paper money?
format_quote Originally Posted by Independent
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,
Text without context is pretext If your opponent is of choleric temperament, seek to irritate him
Re: Discussion: Egypt not accepting the fake riba paper money?
format_quote Originally Posted by Independent
Most countries publish these figures.
Have you that figure from Egypt officially or simply your rumor mill?
format_quote Originally Posted by Independent
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,
Text without context is pretext If your opponent is of choleric temperament, seek to irritate him
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,
Last edited by جوري; 03-16-2013 at 12:35 AM.
Text without context is pretext If your opponent is of choleric temperament, seek to irritate him
Re: Discussion: Egypt not accepting the fake riba paper money?
format_quote Originally Posted by شَادِنُ
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?!!)
Re: Discussion: Egypt not accepting the fake riba paper money?
format_quote Originally Posted by شَادِنُ
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:
Re: Discussion: Egypt not accepting the fake riba paper money?
format_quote Originally Posted by Independent
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:
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,
Text without context is pretext If your opponent is of choleric temperament, seek to irritate him
Re: Discussion: Egypt not accepting the fake riba paper money?
format_quote Originally Posted by شَادِنُ
Credibility of the source is indeed important
The data shows foreign currency reserves at 8903 (US$Mill) as recorded by Bloomberg's and everyone else if you bothered to check - and that's about a third of what it was 2 years ago.
But in your blind prejudice the only thing you can see is that this US company has a Jewish name.
Re: Discussion: Egypt not accepting the fake riba paper money?
format_quote Originally Posted by Independent
The data shows foreign currency reserves at 8903 (US$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,
Text without context is pretext If your opponent is of choleric temperament, seek to irritate him
Re: Discussion: Egypt not accepting the fake riba paper money?
format_quote Originally Posted by شَادِنُ
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.
format_quote Originally Posted by شَادِنُ
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.
Re: Discussion: Egypt not accepting the fake riba paper money?
format_quote Originally Posted by Independent
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!
format_quote Originally Posted by Independent
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,
Text without context is pretext If your opponent is of choleric temperament, seek to irritate him
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