Sec. Kerry Tries Bribing Morsi into Accepting I.M.F. Loan – What Does That Mean?

by Scott Creighton

“The Brotherhood is a disciplined organization,” he said. “They’re going to play ball with neo-liberal economics. They’re going to play ball with Israel. Their actions don’t match the rhetoric.” Washington Times May 2012

It is well understood that an I.M.F. loan is the best way to allow the Global Free Market Wars into your front door. The stipulations they mandate are pure neoliberalism and they fully expect you to punish your people in exchange for the money that will lock the entire country into a cycle of debt servitude in perpetuity.

It is also well understood that I have gone on record with regard to the Egyptian revolution that took place starting in Tahrir Square, saying that it was not a “color revolution” created by our state department and CIA as many others in the past.

That fact was pretty obvious I thought as the administration stood by our puppet dictator for way too long, trying their best to keep him in power, until the military finally sided with the protesters and even Hillary Clinton couldn’t lie her way clear enough to continue that farce.

The new anti-neoliberal constitution of Egypt should have put that to rest as well, but many “alternative” journalists like their counterparts in the complicit MSM said just the opposite leaving me out on the limb by myself.

I wonder why it is that so many “truth telling” alternative news sources would be so ready to demonize Morsi when he had things like this to say over the years:

The U.S. administration has never presented any evidences on the identity of those who committed (9/11)

We have officially demanded a fair trial for 9/11 suspects and the issuance of a detailed scientific report about the attacks, but the U.S. administration did not respond till now,”

This requires a huge scientific conference that is devoted to analyzing what caused the attack against a massive structure like the two WTC towers,” he said, referring to the World Trade Center. “Should this happen, we will stand firmly against whoever committed this horrific crime against innocent civilians.” Washington Times

“When you come and tell me that the plane hit the tower like a knife in butter, then you are insulting us,” Hamid reported Morsi as saying. “How did the plane cut through the steel like this? Something must have happened from the inside. It’s impossible.” Washington Post

You rarely hear or read that aspect of President Morsi anymore from the so-called “truth” sites. They ignore that like they ignore Clinton’s tireless efforts to keep Mubarak in power as the battle for Tahrir Sq. raged on. But it’s there. It’s true. Morsi was a devoted anti-neoliberal “truther” and it was well understood long before he was elected to office.

So what does this new deal Kerry is offering mean? What does it foretell? Was the Washington Times right back in May of 2012? Will Morsi sell out to the I.M.F. and neoliberalize his country even more in-spite of the revolution that ousted Hillary’s last puppet? Or is Morsi just biding his time to set something else in place?

Well… yesterday, Sec. Kerry allegedly offered Egypt a quarter of a billion dollars in aid money if President Morsi agreed to sit back down with the I.M.F. and continue talks about that loan. That’s a rather extreme step for the state department to make at a time when the austerity package is being slammed on the people of the United States. One might think it was a rather odd political move at this given time but no one seems to be making that connection as of yet.

“Secretary of State John Kerry announced Sunday that the United States would provide $250 million in assistance to Egypt after Egypt’s president promised to move ahead with negotiations with the International Monetary Fund over economic reforms.” New York Times

I had to look into the history of this loan in order to try to understand it and I still can’t quite make it out.

Egypt has been in dire economic straights since the revolution and Morsi becoming president. The long list of international businesses that thrived under the rule of our previous puppet Mubarak, literally ran out of the country when it became clear things were not going to continue as business as usual. That goes a long way to providing circumstantial proof that Morsi is NOT their latest puppet.

The Egyptian economy has been facing serious repercussions from the upheaval since Mubarak’s overthrow in February 2011, particularly a decline in tourism receipts and a collapse in foreign investment. AFP

It’s also important to note that the I.M.F. came in as soon as Morsi took office and tried to get him to accept a deal but he refused. Apparently he wanted to get the new Parliament in place and the new constitution finished before striking any kind of deal with them. This process has taken more than a year, hardly what you might think had Mosri been their man from the beginning.

“In a statement issued after his two-hour meeting with President Mohamed Morsi, Mr. Kerry said the aid decision reflected Egypt’s “extreme needs” and Mr. Morsi’s assurance that Egypt would reach an agreement with the I.M.F. after more than a year of talks over a $4.8 billion loan package.” New York Times

We should also take note that the head of Egypt’s central bank, Faruq el-Okda, has been forced to step down in Jan of this year. Okda was in this position since 2003, long into the Mubarak days when the Central Bank was a tool of our financial elites. His “differences” with Morsi on economic policy have been well known over the past few months.

“Okda, who has headed the bank since 2003, downplayed differences with the presidency and said he had asked last year that the bank governor’s tenure be limited to two four-year terms.” AFP

He was not the only department head to be shuffled out recently.

“The ministers for transport, electricity, domestic development, civil aviation, the environment, communications, supply and domestic trade, and parliamentary affairs were all replaced.” AFP

The new cabinet choices were immediately deemed “anti-Semetic” and “anti-Israel” by the complicit press as early as Feb. 4th of this year.

It seems like many of those 10 cabinet members Morsi just tossed out were holdovers from the Mubarak days like Okda was.

I don’t know what this latest round of musical chairs and Kerry deals means in the long term for the Egyptian experiment.

By putting the I.M.F. on hold, Morsi effectively bought himself and Egypt a little more time to solidify the country in terms of the constitution and his cabinet. If he were a smart man, he probably would do that rather than rejecting the I.M.F. right off the bat while the country was still in flux. It would have been far too easy for them to stage a military coup or one of their color revolutions had that been the case and they saw no light at the end of the tunnel. The recent unrest there (called the “real revolution” by several “alternative” news sources) could easily have been incentive to get him to sign on the dotted line last month.

It could also be that Morsi is understandably aware of the power of these financial elites and sees how determined they are to secure every Middle Eastern nation in their web of never ending debt. Egypt is especially critical due to the canal and their close proximity to Israel and Gaza. That’s to say nothing of the wealth of resources.

But that works both ways. Now that the constitution is in place with specific clauses that seem to prohibit certain I.M.F. structural adjustment demands, and now that Morsi can count on his new members of the cabinet, he is in a better position to negotiate better terms with the I.M.F. and kill two birds with one stone: he appeases the global financial elites by taking the loan and prevents them from blaming Egypt for 9/11 and bombing the shit out of them.

The new round of I.M.F. talks are slated for April of this year. Is it possible he takes the 250 million from Kerry and then tells the I.M.F. to f*ck off? Dangerous but possible.

It’s also possible that he has given in to the globalist’s pressure. Hard to say until he signs the deal and we see the terms of it.

Till then I’m still at the “wait and see” stage. But for my money, anyone who openly challenges the official 9/11 myth, strings the I.M.F. along for over a year and kicks the corrupt Mubarak cronies to the curb isn’t all bad.

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7 Responses

  1. I hope you are right.

  2. another psyop to justify total invasion of privacy.

  3. good heading and quotes.

  4. Credulity for the MB is extremely naive. I recommend much more skepticism and research into their history.

    • I know the history of the Muslim Brotherhood. I’ve written about it many times. If you check out the “why willyloman” page up there, I write about them there as well. There is a great debate that is finally taking shape. Press TV did an entire show dedicated to this argument. Fact is, the “new opposition’ is being funded from the outside and Egyptians are starting to get some attention talking about it. The MB in Egypt is right-wing. There’s no doubt of that. But the question is, are they aligned with the U.S. and Israeli interests? I don’t know. Having read the “Islamist’ constitution I can tell you that it is definitely anti-IMF austerity. And when you take a moment to think about it, fact is, Kerry wouldn’t have gone over there bribing Morsi if he was already in their pockets. The other thing about this ‘new revolution” is that it is backed by the Mubarak faction still in Egypt as well. So I think my initial read on this situation is still the accurate one.

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