This loot will be divided among the Muslim Brotherhood and the military junta, who will pocket the cash, and dump the debt (plus interest) on the masses.
Why $3.2 billion?Because that is the amount the USA has been sending to Egypt each year since 1979 as a bribe to secure Egypt’s obedience to Israel. Egypt’s politicians will continue to pocket $3.2 billion for the same purpose, but from now on that $3.2 billion will come as loans via the IMF. No longer will it be grants.
Why must any government take loans from outside bankers, and submit to this nightmare?Why go into catastrophic debt?Why become Greece?Why can’t Egypt have a public central bank, and just print its own money?
Because politicians don’t want a public central bank, as this would force politicians to be accountable. Why ELSE do you think this horror continues? If we had a public central bank that served the people, then politicians would have to show how they spend money and run the economy. They would have to earn their pay.By contrast, with a privately owned central bank, politicians and their corporate cronies can make up any lie they wish, and get limitless money for any purpose (e.g. war, which makes the rich richer), while they dump the debt on the masses in the form of austerity (e.g. slashed social programs). This is the essence of corruption.
Of course, the budget can never be balanced, since the debt can never be controlled. Bankers and politicians don’t want it balanced. They prefer to rule as gods, and their pleasure is enhanced by mass poverty.
Politicians say, “Don’t blame me; blame the central bank.”Central bankers say, “Don’t blame me; blame the politicians.” Both rule with no accountability.
This includes Muslim Brotherhood politicians, who are whores that care nothing about Islam. (If they were true Muslims, then they would favor a public central bank, instead of taking foreign loans.)
One other thing: Debt is a form of pollution. Private banks create endlessly compounding debt pollution, whereas public banks mean sustainable development.
Debt is the deadliest form of pollution ~ yet it is also the easiest and quickest of all forms to cure. We only need to get rid of private ownership of central banks. This will eliminate debt-based currency and fractional reserve banking.