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To: Salvavida
When will Egypt go broke?
12 posted on 07/17/2011 7:38:21 PM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: Palter
When will Egypt go broke?

On their current course, 2 years best case scenario. UAE recently tried to prop them up with $3 billion, and it did have short term positive effects. But they are losing 1 billion per month of their currency reserves (24 billion): and that was before this report on their antiquities being raided.

With less than 5% arable land.....they won't make it. The tourism industry was always keeping them afloat. Their economy isn't designed to withstand this. They basically have nothing to offer but sand.

17 posted on 07/17/2011 7:48:40 PM PDT by Salvavida (The restoration of the U.S.A. starts with filling the pews at every Bible-believing church.)
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