Mon, Jan 31, 2011 at 4:37 PM
subject: information on huge sums leaving Egypt
4:37 PM (23 minutes ago)
Hi Max, Stacy,
I used to work with Greg Palast he can vouch for me.
I’ve been given this information with a view to getting it out on the internet so that people can use it as the basis for further research. The source of the information is based in Egypt and understandably they want to remain anonymous. Mainstream media outlets have been approached but cannot take up the story because the source insists on remaining anonymous and refuses an interview in which their voice/image is distorted or hidden. I’m approaching you because you are not constrained in the same way as the mainstream media.
My contact details are at the end of this email.
Information is as follows:
$10 billion of the Mubarak’s money has been transferred to Switzerland and France.
Walid Shash and Omar Tantawy are chief handlers of Mubaraks’ loot for transfer to Switzerland and France.
The transfers have been taking place for the last 7 years and have intensified during the last 3.
Farouk el Okda, governor of the Central Bank of Egypt, facilitated transfer of gold for Mubarak to foreign banks.
Alaa Mubarak close friend Hisham Hassan has been imposed on the boards of companies by regime.
Alaa Mubarak’s father in law has been imposed by the regime on companies and has ‘won’ many IT company bids.
Rashid Rashid has strong links with Alaa Mubarak’s friends.
Kind regards, Oliver Shykles
The food riots happening all over the world including the riots in London, Dublin, and Athens – although not currently labeled ‘food riots’ will soon be – are not due to a sudden demand for food. The demand for food in Egypt and Tunisia did not jump 100 – 200% over the past few years. No, but that supply of credit has. Credit used as leverage to speculate in the food futures markets, principally in the U.S. So the use of the term ‘inflation’ is misguided when describing the price action in food. Inflation refers to rising wages, job growth, interest rates and capacity utilization; none of which we are seeing. In terms of the real economy; the economy that people experience day-to-day – the correct term would be deflation – as in deflating house prices, bank balance sheets, wages, jobs, and capacity utilization. The rate at which the globe’s balance sheet is deflating is higher than the amount of credit being expanded with the net result being deflation but this does not stop the new credit that is being created (and at Davos they floated the idea of expanding credit by 100 trillion) to be used by countries like the US in an imperial, neo-colonial bid to bankrupt countries around the world and seize what assets they can. 150 years ago, the powers that be killed 60 mn. buffalo roaming the West as a way to wipe out the competition. Today, by jacking up food prices using free money – to prices that wipe out millions through starvation – will accomplish the same thing. Americans of course will not benefit from these policies uniformly. In fact, those in the middle and lower classes will probably get wiped out just like the folks in Tunisia, Egypt, Ireland and Greece (not to mention the Indian nations in South Dakota, North Dakota, Wyoming, and California).