Egyptian Military Council Warns New Islamist President

[Pete]

Egyptian Military Council Warns New Islamist President

http://www.israelnationalnews.com/News/News.aspx/157676#.T_ta4PG7HJw

The story about Mursi overturning SCAF's executive order was floating around a while ago. Was going to post it and then decided to let it ride and see how long it took SCAF to respond. Well that didn't take long.

"Egypt's Supreme Council of the Armed Forces (SCAF) has reminded the president-elect, Mohamed Mursi, of its own powerful position in the country.

The military issued a statement saying it expects all state institutions to respect the constitution – a barely-disguised warning to the newly-elected Muslim Brotherhood member......................"

[Pete]

The Obama Administration is setting up a bloodbath in Egypt

http://pjmedia.com/spengler/2012/07/09/the-obama-administration-is-setting-up-a-bloodbath-in-egypt/

A little on "The Sky is Falling" side of things but I can believe it.

"Egypt has enough foreign exchange on hand to cover six weeks’ of its imports (US$7.8 billion in liquid reserves, against a $5.5 billion monthly import bill). It would have run out of cash in June except for emergency loans from Saudi Arabia, which backs the Egyptian military but abhors the Muslim Brotherhood, whose candidate Mohammed Morsi won Egypt’s presidential election last month. Total reserves are listed at $15 billion, but this includes gold, International Monetary Fund (IMF) drawing rights and other non-liquid items...................."