MOHAMMED MORSI’s “Power Grab” & THE EGYPTIAN STOCK MARKET: Fox

The title of a Fox News article released on November 25, 2012 is “Egypt’s stock market PLUMMETS after Morsi’s decree, while CLASHES continue in Cairo” (Web-site/URL: http://www.foxnews.com/world/2012/11/25/opponents-egypt-islamic-president-clash-with-backers-over-new-powers/). As we’ve said on numerous occasions now“plummets” is MUCH/FAR more significant than drop or decrease and “clashes” again are VIOLENT.

“Egypt’s stock index fell by nearly 10 percent Sunday (November 25, 2012) in the first trading (day) since President Mohammed Morsi issued decrees to assume SWEEPING new powers, while a 15-year-old boy was killed in an attack on the Muslim Brotherhood’s headquarters and police in central Cairo FIRED TEAR GAS at protesters“. This is the latest occurrence of “(firing) tear gas”. Also “10 percent” is a HUGE dropPLUMMETED would be more accurate.

“Morsi, who narrowly won the presidency in June (2012), said his measures were designed to “PROTECT (?) the revolutionbut THEY TRIGGERED AN UPROAR  among non-Islamist political groups now vowing to press on with street protests to FORCE HIM TO BACK DOWN“. This is the latest/yet another example of the “force and pain technique” (Web-site/URL: https://www.youtube.com/watch?v=NgnAY_eXYbI).

Finally, “Late Sunday (November 25, 2012), Morsi’s office issued an English-language statement defending his decrees, repeating the argument he used when addressing supporters Friday (November 23, 2012) outside his Cairo palace that the measures were designed to BOLSTER the country’s transition to DEMOCRATIC RULE (?) and DISMANTLE (?) Mubarak’s old regime”. More specifically, the statement said: “The presidency reiterates the TEMPORARY (?) nature of the said measures, which ARE NOT meant to concentrate powers“. However we have reason to believe what GIGI IBRAHIM (gsquare86) has been telling us all alongbecause Morsi certainly DOES NOT represent “democratic rule” and now, it looks increasingly like he DOES NOT want/aim to “dismantle Mubarak’s old regime”In fact it now seems like Morsi IS PART OF “Mubarak’s old regime” and this in turn means that these “said measures” WILL NOT be “temporary”.

Again, we are on the cusp/brink of AN ALL-OUT CONFRONTATIONEgypt’s stock market may be a very minor player on the global stagebut again PEOPLE GETTING CAUGHT UP IN THE VIOLENCE BETWEEN THE MUSLIM BROTHERHOOD AND SCAF, WITH MANY BEING SLAUGHTERED IS A FAR GREATER/MUCH BIGGER CONCERN.

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