Friday, 16 August 2013

Thursday, August 15, 2013


Soaring Demand for Storing Gold in Swiss Vaults

Secure storage of gold bars and coins in Switzerland is a booming business. 

Old, decommissioned Swiss army bunkers are being converted into gold and silver vaults for rich investors who see precious metals as the ultimate safe haven investment


Islamist Revolt Intensifies; Army Still Supported by Secular Egyptians Despite Mounting Casualties from Violent Clashes

Egypt appears to be at the brink of a civil war, as the Muslim Brotherhood refuses to back down.

Islamists are storming buildings; despite the mounting death toll, secular Egyptians seemingly still support the country's military, seeing it as the only force capable of reversing the Islamist tide that threatens to turn Egypt into another Iran.

Read more.

Comment: Had Iran's military crushed the Islamists when it was possible to do so, the country and the world would have been spared the never-ending nightmare of a monstrous mullahocracy bent on developing nuclear weapons and ICBMs. Had Germany's military removed Hitler--whose Nazi movement inspired the Muslim Brotherhood's formation in the late 1920s--after he came to power through parliamentary means backed by street battles and thuggery, there would have been no Holocaust, no Second World War. Egypt's military is doing what it must to save the country from Islamist hell; one hopes Turkey's military, traditional guardian of its secular system, will also act, if and when the need arises.

Related: Obama Condemns Egypt Crackdown, Cancels Joint Military Drill 


Crude Oil Climbs on Egypt News

Crude climbed higher in price on news emanating from Egypt, even though it is not a major oil producer.

The fear of oil traders and speculators is that the Suez Canal supply route could be affected by the crisis.

Read more.


Washington Free Beacon: US Losing Egypt

WFB Reporting Confirms Foreign Confidential Analysis

The Obama administration's pro-Islamist policy is driving secular Egyptians and the military they support away from the United States and into the waiting arms of Russia and China.

Making matters worse, the failed foreign policy is bipartisan. The GOP's John McCain is clearly pro-Islamist. His only criticism of Obama (with regard to both Egypt and Syria) is that the President has not done enough to support the supposedly moderate Muslim Brotherhood.

Read more.

Click here to read an update on "Egypt's Streets of Blood;" here, to read a July 1 Foreign Confidential analysis  of the turmoil in Egypt. FC predicted the inevitable bloodbath and anti-American backlash.

DEBKAfile reports the Egypt-U.S. rift is widening and affecting relations with Saudi Arabia, which is supporting the Egyptian military. 

Related: New Yorker Reporting Confirms Foreign Confidential Coverage of Turkey's Show Trial