Be INFORMED

Thursday, February 03, 2011

Mubarak not A Poor Man…

…which is no big surprise. Most of the dictators of the world live quite comfortably while the folks that they rule over go broke and starve.

   ABC News has a story online reporting on just how much Mubarak has amassed over his 30 year insult    reign  of the Egyptian people, and it is quite a lot. Some estimates have put the Mubarak family’s net worth at between $40 billion and $70 billion, which is not chump change.

Experts say the wealth of the Mubarak family was built largely from military contracts during his days as an air force officer. He eventually diversified his investments through his family when he became president in 1981.

  It is noted also that Mubarak made tons of money from looting Egypt’s public resources and from corruption.

    Why else be a dictator if you are not going murder and pillage the country that you are controlling? unfortunately, Mubarak will still have billions of dollars when his sorry ass is finally forced to leave the country.

Jamal said that Mubarak's assets are most likely in banks outside of Egypt, possibly in the United Kingdom and Switzerland.

"This is the pattern of other Middle Eastern dictators so their wealth will not be taken during a transition, she said. "These leaders plan on this."

   I would not be shocked to learn that the Mubarak clan has some of that cash in American banks and brokerages.

   In the end it does not really matter as long as Mubarak leaves, either on foot or by stretcher.

More violence In Egypt

   I’ll let the fine citizens of Egypt fill you in on what has happened in the last hour so.

Twitter

rontlineclub RT @lindseyhilsum: Egyptian TV says Israeli spies all over Egypt so now foreign journalists are suspect. Ugly mood. #channel4news #egypt half a minute ago via HootSuite

ugel RT @hadeelalsh: The reports are saying military is taking journos into "protective custody" #egypt #jan25 half a minute ago via Twitter for BlackBerry®

Al Jazeera

1:44 pm The army has cleared the pro-Mubarak crowd off of the overpass overlooking the pro-democracy barricades.

1:36 pm The Egyptian army has pushed supporters of president Mubarak away from pro-democracy protesters, continuing its drive to separate the opposing camps who have clashed in central Cairo.