by Scott Creighton
As the world waits to see what is happening to the tens of thousands of protesters under the imposed darkness of Mubarak’s internet shut-down, Wikileaks (not a group to miss an opportunity for some easy publicity) released a pile of cables that deal with the U.S. state department and their interactions with Egypt.
One of the cables tells of a Feb. 2009 meeting between neoliberal cheerleader Sen. Joe Lieberman and Gamal Mubarak, son of the current Egyptian dictator, Hosni Mubarak. Gamal Mubarak is being groomed to take over control after his elderly father finally grows tired of being the U.S. puppet in a key client-state in the Middle East.
Gamal took full advantage of his family connections. He got a degree from American University in Cairo then went to work for Bank of America in that city and then in London in the investment banking sector. After 5 or 6 years of using his connections to his daddy’s dictatorship in Egypt to make money for Bank of America, he decided he would cash in for himself and he opened Medinvest Associates Ltd in London. After milking that cash cow, Gamal then proceeded to open up an NGO called the “Future Generation Foundation”. Their website is down right now (thanks to his father trying to hold onto power) but I was able to find a promotional video of theirs on Youtube which shows a bunch of Egyptian models trying their best to look like young Wall Street bankers, tugging on ropes together, grunting, and dancing in designer suits.
Gamal Mubarak is also a member of the World Economic Forum, the globalist gathering of business elites meeting right now in Davos.
The cable released by Wikileaks is interesting because it details how Gamal was suggesting to Sen. Lieberman that the United States needs a bit of IMF type economic “shock therapy” programs bring us into line with the rest of the globalized world. Why Senator Lieberman would be asking the advice of the pampered son of an Egyptian dictator is anyone’s guess.
Gamal, a former international banker, opined that the U.S. needed to “shock” its financial system back to health, and said that Egypt — which had so far escaped much of the pain of the global economic crisis — was preparing to face tough economic times ahead.
Senator Lieberman asked for his advice as an experienced international financier. “Your banking system needs a shock,” Gamal offered. “You need a dramatic fix. Unless you get the banking sector revived, nothing else will come around.” cable
Filed under: Egyptian Revolution, Scott Creighton | 14 Comments »