Wednesday, February 9, 2011

Mubarak's billions makes our bankers look amateurs.

As the City moan about paying peanuts in taxes on their groteque bonuses and profits, they appear amateurs compared to Mubarak, whose wealth is approximately $70 billion.

No wonder he does not want to give up the reigns of power so easily. After all what would the ordinary Egyptians workers and students do with palaces, wealth and properties spread all over the place? Much of the stolen dosh is allegedly in secret accounts in UK and Swiss banks. Where else would dictators deposit their money? The profits from these assets are then syphoned off by bankers into their bonus payouts. No wonder they all want a slow transfer of power, if at all?

In the meantime, in spite of pathetic attempts to buy some off with temporary pay rises and subsidies ,which will disappear with rising inflation, Egyptian workers and students have shown they refuse to be intimidated in any way, mobilising for even larger demos across Cairo.

Berlosconi, one of the few remaining EU politician still publically supporting Mubarak, is himself facing further court action affecting his political survival. Strange how those who moralise on how others should behave have double standards. Hopefully they will soon all find that they will join others in the dustbin of history whilst the oppressed and exploited liberate themselves in a new future.

In solidarity, in defiance: global day of action for Egypt, 12 February
Saturday 12 February 2011, 12pm to 2pm
Trafalgar Square, London
Stand in solidarity with the people of Egypt and the wider Middle East and North Africa in their demands for an end to repression, for their freedom, their basic human rights, and immediate democratic reform.
And stand in defiance against all those who try to suppress the growing movement of people standing up for their rights, and for decent work, facing down injustice and offering hope for a better world.
Egyptian Workers have long been repressed under three decades of President Hosni Mubarak’s autocratic rule, suffering from worsening unemployment, particularly among the youth, and the denial of their basic rights at work,
But with the uprising, they are throwing off the yoke of the state-controlled trade union movement, by recently declaring a new and independent national trade union centre.
Stand in solidarity with this new union movement in its calls for democracy, and social and economic justice for the Egyptian people.
Join the global day of action spearheaded by Amnesty International and the International Trade Union Confederation, this Saturday, 12 February 2011 in Trafalgar Square from 12 noon to 2pm.
Please show your solidarity and defiance by wearing black, white or red – the colours of the Egyptian flag
For more information visit:

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