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Inequality and exploitation

Throughout the world the situation is the same: increasing levels of unemployment and poverty, as price inflation on food and basic necessities is soaring.

Whether national populations realize it or not, these uprisings are against systemic global economic policies that are strategically designed to exploit the working class, reduce living standards, increase personal debt and create severe inequalities of wealth. These global uprising, which have only just begun, are the first wave of the inevitable reaction to the implementation of a centralized worldwide Neo-Feudal economic order.
The global banking cartel, centered at the IMF, World Bank and Federal Reserve, have paid off politicians and dictators the world over — from Washington to Greece to Ireland and Egypt.
In country after country, they have looted national economies at the expense of local populations, consolidating wealth in unprecedented fashion – the top economic one-tenth of one percent is currently holding over $40 trillion in investible wealth, not counting an equally significant amount of wealth hidden in offshore accounts.

According to new World Bank data, since June 2010, “Rising food have pushed about 44 million people into poverty in developing countries.”

Income inequality has reached a record level within Egypt, as Pat Garofalo explained:

“One of the driving factors behind the protests is the… growing sense of inequality. ‘They’re all protesting about growing inequalities…. The top of the pyramid was getting richer and richer,’ said Emile Hokayem of the International Institute for Strategic Studies in the Middle East.
As Yasser El-Shimy, former diplomatic attaché at the Egyptian Ministry of Foreign Affairs, wrote in Foreign Policy, ‘income inequality has reached levels not before seen in Egypt’s modern history.’”

First pipeline attack in Egypt

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The following news has been reported by AFP on a still vague report of an attack to an Egyptian pipeline:


Unknown saboteurs attacked an Egyptian pipeline supplying gas to Jordan, forcing authorities to switch off gas supply from a twin pipeline to Israel, an official told AFP.


This brings us back to the consequences of the game being played in Egypt and how delicate the situation can become.

Egypt supplies about 40 percent of Israel's natural gas, and in December, four Israeli firms signed 20-year contracts worth up to 10 billion dollars (7.4 billion euros) to import Egyptian gas.
The attack came after Israel expressed concern that its natural gas supplies from Egypt could be threatened if a new regime takes power in Cairo.

Israel could find itself forced to intervene in the conflict to protect the south border and Gaza and to reestablish vital supplies if any further disruption should take place. What appears clear is that a major "Great Game" is taking place in Egypt and major changes in the region could take place in the following months.

Will Saudi Arabia be next?

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Yemen, Sudan, Jordan and Syria all look vulnerable. However, the greatest risk in terms of both probability and severity is in Saudi Arabia," said a report by risk consultants Exclusive Analysis.

Saudi King Abdullah is alarmed by fast-moving events in Egypt and the Arab world. In a statement published by the Saudi press agency he said agitators had "infiltrated Egypt to destabilise its security and incite malicious sedition".
The accusations seem aimed at Iran's Shia regime, which has openly endorsed the "rightful demands" of the protest movement. There is deep concern in Sunni Arab countries that Iran is attempting to create a "Shia Crescent" through Iraq, Bahrain and into the Gulf areas of Saudi Arabia, hoping to become the hegemonic force in global oil supply.
Goldman Sachs said the Mid-East holds 61pc of the world's proven oil reserves – and 36pc of current supply – which may compel global leaders to make "concentrated efforts" to stabilise the region. The bank said high levels of affluence should shield Saudi Arabia and the Gulf's oil-rich states from "political contagion".
However, a third of Saudi Arabia's 25m residents are ill-assimilated foreigners and the country faces a "youth bulge", with unemployment at 42pc among those aged 20 to 24.