Comments by "Samson Soturian" (@samsonsoturian6013) on "Egypt's Currency Crisis!" video.

  1. A large portion of their soldiers will admit to never having fired a rifle, and a large portion of the commanders don't even know who they in charge of. A common racket is to simply give your friend a command position, then immediately put them on an extended leave.
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  2. Which one?
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  3. Trade liberalization? Dude, the change was an end of Nasserite era monopoly practices where only trade with certain allies was allowed for certain products. This gave local state affiliated factories near monopolies despite having no idea what they were doing.
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  4. That won't help. Fiat is only as good as the economy that backs it, and 90% of Egypt makes only a few dollars a day.
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  5. First thing to know about Egyptian economics: Corporations don't exist. All business ventures are either foreign-owned, government operated, or are simple kitchen industries. Even simple things like mechanics must be sourced from abroad, and they inflate their economic statistics by literally pretending the slums don't exist, which accounts for the bulk of the population. Stone quarries, for instance, pay seven dollars a day, and that's considered good enough pay to offset the likely event of losing limbs to saw blades (which happens routinely).
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  6. It hurts to be Egyptian all the time.
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  7.  @user-or1rm1ol3q  Dude, it's a joke.
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  8. Egypt's racket during the Cold War was to play both sides against each other in order to get subsidized grain from the US and subsidized weapons from the Russians. Even then they were constantly bankrupt because the top leadership spent much of the money on mansions, extended vacations, and bribes. They didn't even have the competency to run a radar tower, they had to hire Russians for that.
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  9.  @Karyabs  Only when they're Masri and Urdu generals
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  10. The whole friggin Arab world shares many of the same sins.
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  11. Orchestrated? Just a lot of goons fighting each other over small amounts of money.
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  12. How much have you lost?
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  13. National egos will never allow that.
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  14. WOAH. Egypt and Saudi Arabia ARE NOT FRIENDS. They fought each other in Yemen in the 1960's and the death of Nasser did nothing to repair relations. However, you'll find most of Egypt's closest associates are people they're also threatening war against. Like Sudan, or other Egyptians.
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  15. Insolvency is a misdomeanor crime in the Arab world. The punishment is the same regardless if you can't pay or won't pay.
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  16. Historian here: Egypt exported grain to Greece and Italy and imported wine and manufactured goods from the same. Which do you think is more profitable? These day North America simply produces so much food we don't know what to do with it.
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  17. You make it sound like the Egyptian army running most businesses was actually legal. No, it simply racketeering. The army doesn't have to follow any of Egypt's regulations simply because they have bribe money and guns and most of the officers are directly related to the civilian command (you can literally buy rank in Egypt). During Nasser's day the army officers simply did whatever they wanted, often not showing up at work for weeks or months at a time, and getting "bonuses" for carrying out "special" tasks.
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  18. The lower Nile is one of the most fertile places on Earth.
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  19. Why should we care? Besides, it's pretty much impossible for them to do that this decade.
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  20.  @ryanchicago6028  So what if they use a different money? That's not going to effect our bottom line. And Egypt struggles to get its own citizens to use their Egyptian pound. There's no chance whatsoever they come up with a dollar/euro alternative for international trade. Even modern economies in this region (aka Israel) found that during high inflationary periods people simply stop using local currency creating the potential for involuntary dollarization where inflation issues causes everyone to dump local money at once, plummeting the price even further.
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  21. It was always like this
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  22. A breadbasket, not THE breadbasket.
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  23. All Arab countries stuggle to maintain stable money.
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  24. That's been off and on a consideration for years.
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  25. Really? His statements were pretty mild given most big business in Egypt is owned by the army employing conscript labor in for-profit ventures. This is suspiciously similar to the Mamluk days.
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  26. All Arab countries secretly depend on charity and scams to pay the bills.
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  27. Found the shoplifter.
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  28. These goons are generally oblivious to the problems at hand.
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  29.  @user-or1rm1ol3q  Yeah, it was always trash. Cairo just can't keep up the scam that they're a middle income country anymore.
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  30.  @zesky6654  I think he's blaming vague outsiders for Cairo's spending habits
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  31. A moot point
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  32.  @blacklightfreakout825  A lot of those guys are not actually cops, they are simply men who are friends with cops.
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  33. Al-Masri usually murder their family members.
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  34.  @user-or1rm1ol3q  The coptics, mostly.
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  35.  @user-or1rm1ol3q  I ain't the OP. You're a bit irrationally belligerant. And you're flatly lying because the majority of Egyptians live in towns that aren't counted on statistics because they were never officially incorporated. Most homes are self built, most roads are not named, most houses are not numbered, most men are self employed, and most trades are self-taught. THAT is Egypt.
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  36. They'd hang you for being gay.
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  37.  @xtraxtrathirsty  You're looking at an opposite problem. Men prove how manly they are because they dread being called gay.
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  38. Were you expecting him to berate the IMF for no reason?
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  39.  @jacksonneptune4083  That's a yes
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  40. Well, according to Egypt, Israel still doesn't exist.
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  41.  @chumtoad14  I misspoke. I meant to say "many Egyptians."
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  42. Put that back up your butt where you got it.
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