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Famine in Egypt
Egypt is running out of food and even faster running out of money with which to buy it. The most populous country in the Arab world is showing all the symptoms of a national bankruptcy - one that caused hyperinflation in several Latin American states in the 1970s. and the 1980s, with one deadly difference: Egypt imports half of the wheat it needs, and a collapse in external credit means famine.
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Answers • 25
The civil violence we have seen over the past few days portends a far worse situation.
The Arab uprisings began against a backdrop of insecure food supplies as rising demand from Asia set the price to push the Arab poor out of the grain market. Chaotic political responses threaten to undermine food supplies in relatively short order. Street violence in Egyptian politics will become the norm rather than the exception. All speculation about Egypt's future political model and its prospective relationship with Israel will be overshadowed by the country's inability to feed itself.
The Arab uprisings began against a backdrop of insecure food supplies as rising demand from Asia set the price to push the Arab poor out of the grain market. Chaotic political responses threaten to undermine food supplies in relatively short order. Street violence in Egyptian politics will become the norm rather than the exception. All speculation about Egypt's future political model and its prospective relationship with Israel will be overshadowed by the country's inability to feed itself.
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answered 14 years ago
The Egyptian political problem - violence against Coptic Christians, the resurgence of Islamism, and, for example, the military threat to Israel - is not an indicator of economic failure. All of them mean little on their own. But even the Islamists need to eat, and whatever the political scenarios that the radical wing of Egyptian politicians might imagine, they will all be thwarted by hunger.
The Ministry of Solidarity and Social Justice is already forming "revolutionary committees" to administer street justice against bakeries, propane vendors and street vendors "who charge more than what is prescribed by law," the Egyptian Radio and Television Federation reported on May 3.
According to the ministry, "bread and butane prices are controlled by bandits" and "people's committees" are called upon to stop them. Posters on Egyptian news sites report a sharp rise in the price of bread, far exceeding the 11.5% inflation announced in April by the country's central bank. And rising prices for propane tanks have driven the cost of this most widely used cooking fuel to prohibitive levels.
The Ministry of Solidarity and Social Justice is already forming "revolutionary committees" to administer street justice against bakeries, propane vendors and street vendors "who charge more than what is prescribed by law," the Egyptian Radio and Television Federation reported on May 3.
According to the ministry, "bread and butane prices are controlled by bandits" and "people's committees" are called upon to stop them. Posters on Egyptian news sites report a sharp rise in the price of bread, far exceeding the 11.5% inflation announced in April by the country's central bank. And rising prices for propane tanks have driven the cost of this most widely used cooking fuel to prohibitive levels.
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answered 14 years ago
Rather, it is someone's brazen attempt to "mow" under papa74. I would like to know what this papik achieves.
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answered 14 years ago
papik, you have increased anxiety about Egypt in general :))))) you forgot that in Egypt oil and gas, like g..a, they will buy anything with it. Turn on the logic - revolutions were started precisely with the aim of changing access to energy resources, as soon as this process ends, people will immediately be needed to work in this area and none of the world's oil business giants needs hunger and long revolutions there - they will feed, water and make them work. They'll fix it - don't worry.
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answered 14 years ago
The collapse of Egypt's credit reputation cut off funding for food imports, according to the chairman of the national food holding company, Ahmed al-Rakaibi. He warned of "a drastic reduction in the production of locally produced food products, as well as a decline in imports of many goods, especially poultry, meat and butter." According to the National Statistical Agency, there is only a month's supply of rice and four months' supply of wheat.
In the first three months of this year, the country's foreign exchange reserves have fallen by $13 billion, or roughly a third, Reuters reported on May 5. The country has lost 6 billion official and 7 billion unofficial reserves, and now has only 24.5 billion at the end of April. Capital flight may explain much of this rapid decline. The Egyptian currency has fallen only 6% since January (despite significant capital flight) thanks to market intervention by the central bank, but a rapid decline in reserves is inevitable.
At this rate, Egypt will collapse by September.
In the first three months of this year, the country's foreign exchange reserves have fallen by $13 billion, or roughly a third, Reuters reported on May 5. The country has lost 6 billion official and 7 billion unofficial reserves, and now has only 24.5 billion at the end of April. Capital flight may explain much of this rapid decline. The Egyptian currency has fallen only 6% since January (despite significant capital flight) thanks to market intervention by the central bank, but a rapid decline in reserves is inevitable.
At this rate, Egypt will collapse by September.
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answered 14 years ago
Everything will be similar to the Latin American banana republics, only without bananas. This is no joke: Few actually starved to death with Latin American inflation. And Egypt, which imports half of the wheat and a huge part of the rest of the food, will really starve.
Revolutions don't just devour their own children. They kill a huge number of ordinary people. In the famine of 1921, the Russian civil war is estimated to have killed 5 million people, and casualties of the same order are possible in Egypt. Half of Egyptians live on $2 a day, and those two dollars are ready to collapse along with the national currency, and the result will be a catastrophe of biblical proportions.
Revolutions don't just devour their own children. They kill a huge number of ordinary people. In the famine of 1921, the Russian civil war is estimated to have killed 5 million people, and casualties of the same order are possible in Egypt. Half of Egyptians live on $2 a day, and those two dollars are ready to collapse along with the national currency, and the result will be a catastrophe of biblical proportions.
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answered 14 years ago
I'm wondering, are the Turks paying you to let us go to them?
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answered 14 years ago
"brazen attempt to "mow" under papa74"
User rara74 blocked without explaining the reason for blocking from the administration
http://www.turpravda.com/eg/hurgada/Desert_Rose_Resort-h9056-question-20425.html
User rara74 blocked without explaining the reason for blocking from the administration
http://www.turpravda.com/eg/hurgada/Desert_Rose_Resort-h9056-question-20425.html
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answered 14 years ago
I don't like Turkey.
It's a shame for the deceived tourists.
Agents hang noodles on them in full, that everything is calm in Egypt.
It's a shame for the deceived tourists.
Agents hang noodles on them in full, that everything is calm in Egypt.
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answered 14 years ago
I did it differently, came to the travel agency to my friends, and took the phones of those who arrived. I rang - everything is calm in Hurghada. I'm flying out tomorrow.
They couldn’t cheat at the travel agency (relatives work)
They couldn’t cheat at the travel agency (relatives work)
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answered 14 years ago
http://www.turpravda.com/forum/topic.php?id=1&t=58530#59764
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answered 14 years ago
bucha2004 , papik is not paid by the Turks, he has a different, purely Khokhlyat calculation - he thinks that his activities will lower prices for Egypt :))))
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answered 14 years ago
to cheer up papik, because the situation in Egypt makes him very upset and depressing, so much so that he can no longer even separate the "wheat from the chaff" I instructed him +++++++ :) and I will always bet, to all messages where I see :) well, you need to somehow reward the user for such a titanic work :)
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answered 14 years ago
Anetka-gan, no, Mother Teresa is already a holy woman, I am this ... good Samaritan :)))))
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answered 14 years ago
papik74- and what was it? don't wake the sleeping beast? if it's dad, come on, it's not worth it)))) and if someone mows under it, it doesn't look much, too much aggression ....
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answered 14 years ago
"The travel agency could not deceive (relatives work)"
What a common and dangerous misconception :))))
What a common and dangerous misconception :))))
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answered 14 years ago
returned yesterday, rested in MAKADI BAY, went to Hurghada several times. everywhere is calm. hotels and shops are full of products. attitude is very good. There are many tourists on the streets, of different ages and with children. locals invite to come to rest more often
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answered 14 years ago