Mujaer Cepret: BOLTON ON EGYPT COUP; BANKERS AGAINST EGYPT

On 19 February 2011, at Global Research, K R Bolton has an article entitled "Colour Coded" Egypt; Did US-backed NGOs Help to Topple Mubarak

According to Bolton

1. The American organizations which have spent many years planning these revolts include:

The National Endowment for Democracy, USAID, International Republican Institute, Freedom House, Open Society Institute, National Democratic Institute for International Affairs, Center for International Private Enterprise, and the American Center for International Labor Solidarity.

2. Egypt's labour unions were organized, trained and funded by NED.

3. The US globalists are using the Egyptian masses as cannon fodder.

Photos by Brooklyn Museum

4. Mubarak opposed US policy.

For example, the US and Mubarak disagreed over Sudan.

Mubarak favouring a confederation, whereas the US wanted the South split from the north.

Egypt had invested more than $87 million into projects in southern Sudan, including hospitals, schools and power stations, 'in the hope of convincing the people of southern Sudan to choose unity over secession.'

The US wants a large military base in an independent Southern Sudan.

5. Mohamed ElBaradei is on the Executive Committee of the International Crisis Group, a globalist think tank promoting the 'new world order'.

Soros is a committee member; senior advisers include Zbigniew Brzezinski.

6. The revolts are about spreading globalisation and the New World Order.

"American globalization rots the soul."

The American media and internet are the basis for destroying rival cultures.

7. "The globalists have unleashed their chaos upon another vast region that will be in a state of disruption for many years to come, like the result of their having 'liberated' Iraq."

8. Globalisation destroys traditional values.

The New World order requires the destruction of national, ethnic, cultural and all other bonds that hinder the international free flow of labor, capital and technology.

9. The problems generated in Tunisia, Egypt, Yemen, etc. might have been part of a regional process directed primarily at Iran, and next Syria.

What do the Western bankers think about Egypt?

Are they worried about competition?

Odin's Raven alerted us to an article suggesting that the revolutions in Tunisia and Egypt are intended to hurt the Islamic banks

On 26 May 2010, Ben Ali's son-in-law, Sakher El Materi, opened Tunisia’s first Islamic bank, Zitouna Bank.

On 19 October 2010, The Telegraph reported on the opening of the first offshore financial centre in North Africa l

"Islamic investment bank Gulf Finance House (GFH) and the Tunisian government have created the first offshore finance centre in North Africa.

"The centre will be part of Tunis Financial Harbour, a $3 billion waterfront development in Tunis ...

"GFH, which is based in Bahrain, hopes the centre will allow Tunisia to take advantage of its strategic position on the Mediterranean sea, and operate as a bridge between the EU and the rapidly growing economies of North Africa."

On 8 February 2011, Executive Magazinea reported that "the potential for Islamic banking in Egypt is huge, and one should expect more moves from Abu Dhabi Islamic Bank into Egypt..."

On 22 November 2010, The New York Times (Islamic banking rises on oil wealth, drawing non-Muslims.) reported: "Rising oil wealth is lifting Islamic banking ... into the financial mainstream ...

"In addition to Islamic loans, there are Islamic bonds, Islamic credit cards...

"'This is an industry on its way from a niche industry to becoming a truly global industry,' said Khawaja Mohammad Salman Younis, the managing director for operations in Malaysia for Kuwait Finance House, the world’s second-largest Islamic bank.

"'In the next three to five years you’ll see Islamic banks coming out in Australia, China, Japan and other parts of the world'...

"The stampede into Islamic finance is mostly an effort to tap an estimated $1.5 trillion of funds sloshing around the Middle East, largely from higher oil prices. . . .Those investments have helped ignite an economic revival throughout the Muslim world...

"And while the biggest Islamic banks are in the wealthy Gulf states, the most attractive potential markets are in Turkey and North Africa (emphasis added) and among European Muslims...

"Even non-Muslims are taking advantage of a growing range of Islamic products offering competitive returns.

"For instance, David Ong-Yeoh, a public relations executive tired of fretting over the rising interest rate on his adjustable rate mortgage, refinanced to a 30-year fixed loan from an Islamic financial institution. Now, he pays regular installments that include a predetermined profit margin for the bank.

"'The terms are better than on conventional loans,’ said Ong-Yeoh, 41."

On 31 October 2008, an article entitled Islamic Banking: Steady in Shaky Times appeared at the Washington Post.com

"As big Western financial institutions have teetered one after the other in the crisis of recent weeks, another financial sector is gaining new confidence: Islamic banking.

"Proponents of the ancient practice, which ...bans interest and trading in debt, have been promoting Islamic finance as a cure for the global financial meltdown...

"'In Islamic finance you cannot make money out of thin air,' said Amr al-Faisal, a board member of Dar al-Mal al-Islami, a holding company that owns several Islamic banks and financial institutions."

John Sandwick, managing director of Swiss asset management firm Encore Management, sees the opening of several Swiss Islamic banks as, 'the race to control the rich prize: which today is worth hundreds of billions, but in the future will be trillions of dollars of Islamic wealth.'