The Reason For Mubarak's Power Hand Off Delay: Plundering The Gold - ZeroHedge

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The Reason For Mubarak's Power Hand Off Delay: Plundering The Gold - ZeroHedge

Post by Logical Paradox on Sat Feb 12, 2011 4:43 pm

It's official: as Egypt was burning, Mubarak was stealing the gold. When we reported, presumably jokingly, two weeks ago that the Egyptian Central Bank may have been plundered, it turns out we were pretty much accurate once again. For all those wondering why Mubarak was refusing to hand over power for the past two weeks as hundreds of people were dying, we now have the answer - it was all just to make sure he transferred his assets, especially gold, to safe regimes (in the process paying tens of millions in commissions to that most noble of jobs - the banker class). The Telegraph reports: "A US official told The Sunday Telegraph: "Hosni Mubarak used the 18 days it took for protesters to topple him to shift his vast wealth into untraceable accounts overseas, Western intelligence sources have said...There's no doubt that there will have been some frantic financial activity behind the scenes. They can lose the homes and some of the bank accounts, but they will have wanted to get the gold bars and other investments to safe quarters. The Mubaraks are understood to have wanted to shift assets to Gulf states where they have considerable investments already – and, crucially, friendly relations. The United Arab Emirates and Saudi Arabia have frequently been mentioned as likely final destinations for Mr Mubarak and possibly his family."As usual, we remind readers that according to the World Gold Council, Egypt had 75.6 tonnes of gold at the end of 2010. Should this number not be reduced following Mubarak's plundering, we will know just how pervasive Tungsten is in the world central banking cartel.

Continue at source: ZeroHedge

And: The Telegraph.co.uk
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Re: The Reason For Mubarak's Power Hand Off Delay: Plundering The Gold - ZeroHedge

Post by Strawberry on Sun Feb 13, 2011 2:00 am

I think we need to have a World Council that is free of politics that is made up of just ordinary people that have the ability to freeze the elites accounts as soon as a revolution starts then these greedy fks wont run away with so much gold.

That money and gold belongs to Egypts economy and would really set the country up for a better future.

Grrrrrr
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