The Phaserl


What’s Happening in Egypt?

from The Daily Bell:

Egyptian President Mohamed Morsi was forced out of office Wednesday by the Egyptian military and opposition leaders, just a couple of hours after the Obama Administration voiced its first public doubts about Morsi’s handling of the massive street protests that spread across the country in recent days. Egyptian Army Chief Abdel Fattah Al-Sisi took to state television to announce that the head of the country’s constitutional court would take over as president until new elections are held. “We’ll build an Egyptian society that is strong and stable, that will not exclude anyone…and end the conflict,” Al-Sisi said. – Politico

Dominant Social Theme: Democracy at work?

Free-Market Analysis: What the hell is going on?

Update 7/4: Former US Ambassador and neocon John Bolton has endorsed the Egyptian coup and the insightful libertarian Lew Rockwell believes nothing good can come of it for Egyptians. Below, we ask whether this is one of the greatest diplomatic reversals for the US in modern times..

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