I’m not an economist but I had some basic training upon my studies in economy and I’ll try to explain how things work in normal life.
Gold reserve one calls national gold reserves, which stand usually in the area of responsibility of a central bank or a Treasury. The purpose of national gold reserves existed in former times mostly in the covering of currencies (gold standard). Today gold is predominantly kept as national reserve for crisis periods. The state can deny e.g. unexpected extra charges by sales of the gold, and secure itself thereby thus against disasters.
In last week article I spoke of the expected bankruptcy of Egypt announced by the resigned managing director of Egypt’s central bank M. Farouk Okda who said it clearly he could not stay in position to the moment he would have to announce this bankruptcy! Really what is going on?
In the time we are close to the presidential election all political power call for fair election and that need the media to be fair with all candidates, the governmental TV should deal with all candidates without being biased to one on another.
Fair election shouldn’t neglect the importance of the transparency in spending the money during the campaign, without this transparency the election process will turn to be an acting process, we have to put into our consideration that the whole world will supervise the presidential election as the main step to go forward in the road map.
Those people who talk about reconciliation with terrorist groups think they are better than the state. However, giving the two governments in Tora prison and the will of the Egyptian people to move forward, none is really above the state. Those People should realize there is no Muslim Brotherhood any more except for that terrorist group that is organizing a terrorist attack every now and then.
Three years ago, the Muslim Brotherhood and the Salafis have invited the people to vote "yes" on their fanatic constitution draft, in which they drafted an Islamic constitution not caring for the homeland and hoping to convert it to an Islamic Caliphate. 75% voted "yes", which the Islamists named the battle of ballot boxes!
Saudi Arabia has taken two actions by which it taught both the Egyptian government and America a hard lesson. Saudi Arabia has taken steadfast steps against terrorism of the Muslim Brotherhood as soon as its national security was threatened. His Majesty King Abdullah bin Abdul Aziz issued a royal decree to ban the activities of the terrorist group and its supporters all over the world pointing out to the international organization of the terrorist group.
I wonder why former officials in Egypt never stand trial for their crimes, wrongdoing or waste of public money. They never pay the price for their mistakes and corruption. In all democratic countries, the officials are ministers for the people who pay them from their tax money.
Unfortunately, Egypt's reputation is threatened with the advanced position it acquired concerning corruption in many international reports.
Old styles guys – My grand father – used to wear some over the shoulder belts to keep his pants up; I replaced these old styles belts with around the west belts but upon my stay in an Island where his owners were Black Africans up ducted by European trader to be used as SLAVES, just got their independence from the British Empire!
People go to the movies to enjoy a good night out. They buy some popcorn, candy, and turn their cell phones off in preparation for the show.
It seems as though “Egypt: The Country” should be nominated for an Academy Award. Everyday it’s like we have something new happening in the courthouse. There is always some new drama going on, something crazy happens, and then some crazy reaction takes place.
Al-Ahram Egyptian newspaper published news about the isolation of representative of Qatar at the meeting of Arab foreign ministers. How come Al-Ahram claims such nonsense?
In Fact, journalism is about telling people the truth, not what you wish to say. It has nothing to do with the satisfaction of the readers. Thus, it’s unacceptable to fake news in order to satisfy the reader. Moreover, it was no logical that representative of Qatar was lonely in the meeting for several reasons.
Since the revolution of January 25, 2011, the Egyptian people have been suffering from confusion between the reality and their high expectations. We are suffering from a state of blurriness that we can't see the difference between available and impossible expectations. Such gap should last for long time as long as we don't have an effective mechanism to turn our dreams into reality.
We have to contemplate this picture of U.S. President Barack Hussein Obama looking at a picture of his teacher and pioneer of Islamic international terrorism, Hassan Ahmed Abdel -Rahman Mohammed al-Banna, founder and first General Guide of the Musslim Brotherhood, which was originally founded and funded by the British intelligence. Furthermore, Obama decided to financially support the terrorist group by more than 10 billion dollars of taxpayers' money in order to kill our soldiers and burn our churches. Therefore, Obama is responsible for killing Coptic Christians in Egypt and Libya as he has mostly planned such attacks with his friends at al-Qaeda!
The new government of Engineer Ibrahim Mehleb comes amid confounded political, economic and security situation. This is pretty much the same conditions the former government faced right after the revolution of June 30 and the ouster of president Mohamed Morsy.
I pointed out few weeks back how much I love arts all kinds of art from singing and dancing to sculptures and painting including acting and theatre. In fact arts is the fourth dimension in our life that inspires us with all great invention; first time I saw or heard of a telephone conversation were each side could see the other side and directly talk to the screen was in a science fiction movie with aliens in start wars, this is now widely spread over the internet new communication facilities known as Skype and new mobiles now offer this facility!
We can see again that Saad El Deen Ibrahim wants to play in the same role he played 7 years ago with the Muslim Brotherhood. It was the time when he was trying to convince American Administration that the Muslim Brotherhood is the only alternative after Mubarak and they can shoulder the responsibility after the Mubarak regime.
In all attacks against the Coptic Christians in Egypt, police usually arrest the victims and leave the terrorists free. This has been happening since Koshh attack in December 31, 1999, in which 20 Copts were killed under the auspices of of police and none has been sentenced yet. This encouraged those bastards to carry out more terrorist attacks against the Christians.
In his very first speeches after taking office, Ibrahim Mehleb, Egypt’s Prime Minister, repeated the speech given on July 11 by former Prime Minister Beblawy who promised then to fight terrorism, take care of security, and development projects. Both of them talked generally about crises in Egypt, but the only difference is that Mehleb decided to stop buying mineral water in governmental offices. General speeches doesn’t reveal a plan if existed. Furthermore, they decided to come up with a strange ministry with vague goals and nurture called Ministry of Transitional Justice!
Washington has been using human rights against its opponents since the very first Human Rights report published in 1949. The same technique was used against the Soviet Union as well as Mubarak. Another report was published this year to denounce human rights' violations during the dispersal of Rabaa Adawia and Nahda sit-in and after that.
Does Pope Tawadros know that martyrdom in Christianity is a Golden Bridge or short cut to eternal life? Recently, 7 Coptic Christians have been killed execution style by Ansar al- Sharia group in Libya. Thus, they have indeed won crowns of martyrdom and got higher rank in heaven than the saints and all members of the Holy Synod.
I usually dedicate my weekly articles to discuss or express my views in pure Egyptian problems, today I write a view on a world crisis that might affect Egypt in the near or far future, but at the moment might look as a non Egyptian crisis but involves powers that will effect Egypt; but first let me have a brief review on October 1962 worldwide events!
Right from the beginning we have witnessed a man who is blunt, brave, and to the point. I remember where I was when Sisi made his notorious announcement that ultimately led to the ousting of Morsi, do you?
As we wait for any sign of hope that helps us restore our confidence in the government, we can’t find but negligence and underestimation for all Egyptian blood shed for no good reason, especially the Copts. They are killed for no reason but their Christian faith. Recently, 7 Coptic Christians have been brutally killed in Libya after killers made sure they are Christians. However, Egyptian officials, as usual, were ready to make excuses for the killers claiming the attackers are no racist!
Freedom' is the most case that occupied people since they were created on earth.
The word of freedom is a brilliant and beautiful word in the man and humanity's life.