Why Egypt’s Economy is About to Collapse
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- Опубликовано: 13 сен 2023
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Sisi, hailed as a solution to Egypt's chaos, now faces economic turmoil with a weakened pound, soaring inflation, and the looming risk of sovereign default. This video explores his rise to power, the economic crisis, and potential outcomes.
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CORRECTION:
At 0:42, we say "In January 2011, a month after anti-Gaddafi protests kicked off in Tunisia...". This is clearly a mistake: Gaddafi wasn't in power in Tunisia, and we meant to say 'anti-Ben Ali protests'. Apologies for this (embarrassingly) sloppy error; we hope it didn't detract from the rest of the video! Thanks
👏👏
I stopped watching immediately!!!
I will continue watching after reading your comment
Correction : MB became most prominent after 1948 Arab Israeli war not 1967
Did you really end your segment by saying it's good to keep an eye on the next Egyptian Presidential elections? Egypt is a Authoritarian state, most democracy experts do not consider it having free and fair elections. You should be putting that in context not giving the impression to some elections are a good indicator of Egyptians democratic will.
@@dod608 Correction for you: they were prominent much sooner than this. They cooperated with the british occupiers in secret while holding some protests against them in public. And, they had a secret division that specialized in assassinating Egyptian officials.
When I visited Egypt with my BF a year ago , the dollar was costing around 15 or 14 EGP and when I visited it again , I saw it is doubled , god bless all Egyptians , love from Netherlands 🇳🇱 to you all people
And the real price "black market" is 40
thanks you so much we for your love we litterally have no human rights here only forgieners have rights to do anything just so they can hide the stuff they are doing this country is evil please do not visit it again we dont want you to support this government they are absolute shitheads
I hope next time you visit it thing would better :)
Much of love for Netherlands from Egypt
a year ago it was 15? nah man u trippin it was around 25
we are living in the dark ages thanks to this decorator president who's not planning to leave any time soon 😔
As an Egyptian, living in Egypt is getting harder by the day. Pray for us.
Your people must liberate themselves from the military junta that has destroyed the economy.
🙂@@mostafaahmed610
Fax (coming from another Egyptian
@@mostafaahmed610يعني ايه هسلمك للشرطه؟؟ 🤨
Hes saying ill send you to the cops idk what blud is on about ☠️
anyways im also egyptian and i really hope we get better at economics.
يسطا وديني وما اعبد بيعملو كدا عايزين يدخلو واحد منهم يمسك مصر وبمسمي بنظم الاقتصاد مش محتاجين دعاوي انجاس
Egypt: has a fragile economy
Also Egypt: builds a brand new capital outside of Cairo
brilliant people truly
The capital is used to get the Elites away from the normal people, so yes actually smart lmao@@adrenochromeaddict4232
Dictators don't care much about reality.
The logic is flawless: as the ruler, when the economy goes down the drain, it doesn't hurt to have a couple dozen miles of desert between your palace and the angry mob.
Chinese are doing it.
Noooooooooo! I want to save Egypt! Greetings Egypt from Finland. 😢
We Egyptians never needed help from any country and we will never need. Keep your save and just take keralia from Russia if you can.
@@cozakokotano6448😮 you're being rude
Yea it's a great country with insane deep culture and history
I don't know how anyone could help since we don't know what's going on exactly but the sentiment is very much appreciated and maybe we could get out of it
@@cozakokotano6448 ايه الأڤورة دي لول
Sisi's supporters are just id!ots. How don't we need help, while our so-called president keeps taking loans from every entity on the planet?!
It's not about convincing Egyptians.. Egyptians are convinced that he's a failure and a thief, it's just that can we even oppose him at this point?
You will need another Military General to overthrow him, But then again, that changes nothing and could get even worse.
@@Hentzau. I lost faith in peaceful protests. I wonder if getting violent would solve anything
@@Beaddu maybe but do we have enough weapons to counter them
@@mahmoudanas6220 do you want to end up like Syria?
i don't even know. i have faith that either he will see what his decisions are doing to us and change. if he doesn't, i hope he has the dignity to leave and let someone else do the job properly.
As an Egyptian, thank you for sharing awareness on this shit.
Our problem in its core isn't economic but political. A military dictatorship that puts its friends in power instead of actually capable people, so the result is widespread corruption and failure.
The military and their allies have most of the country's wealth with the left junk divided across citizens with added taxes to pay off the debt THEY put us in.
So once the regime changes and a man honest to God gets in power, the situation will immediately improve upon dividing the wealth properly despite the current issues.
Very true. For example, the head of the new Grand Egyptian Museum is a general. The head of everything is a general. All the banks report that their top clients are new, and that they're all army generals. Very sad
@@FranktheTank25186 Literally 😔
Agree
As an Egyptian, I totally agree. And don't foreget about Freedom of the press that is below zero, which led to anyone could do anything without being exposed by the press and hence they won't be questioned by the authorities
@@AhmedNasr-uw2tn exactly yasta
It's been a rough year with losses from failed banks and government, real estate crashes, a struggling economy, and downturns in stocks and dividends. It feels like everything has been going wrong.
What a terrible year it is…
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I found his extraordinary resume when I searched for his name on Google. I count it a gift that I went over this remark
Egyptian government is very good with propaganda. I have seen a lot of sponsored post on Twitter promoting Egyptian debt fueled projects that majority of Egyptian can’t afford. If you try to call them out, you get attacked and insulted online. New Bloomberg debt vulnerability report ranked Egypt the second most likely country to default after Ukraine. This is a disaster for the Egyptian people.
and europe.
@@puraLusa?
@@hasinabegum1038 egipt has huge influence on europe.
The opposite actually, Egyptian media is terrible with propaganda, it's actually funny sometimes. They hire clowns for their government media. And you properly mistaken an ad so they can sell properties or attract tourism by government propaganda!!
Another thing you don't have to make every place affordable for average Egyptian. And they build them to make money of them and sell them to rich people to make profit.. Even selling them to foreigners to export properties.
Egypt would be dump if every housing project is for average Egyptian... They need to build for rich, foreigners, poor, middle class... Etc
Very unfortunate. Sisi is stupid and bad economist.
Egypt is literally Argentina of the desert and the worst part is it’s also situated in the most troubled region. It’s literally unfortunate for Egyptians that their 2011 revolution has now come into a crashing end as they have installed a new dictatorship.
Obama: We need democracy in the Middle East!
Egypt elects the Muslim Brotherhood.
Obama: Not THAT democracy!
Installs dictator.
Today:
Democracy can only survive when the country believes in democracy over all other "faiths". Egypt believed in Islam over democracy.
@@michaelbread5906 The Egyptian army installed both. The reaction of most Egyptians to proposed constitutional changes by the Muslim Brotherhood means the Muslim Brotherhood weren't really democratic, just elected. Democracy is a system which goes beyond just voting.
the muslim brotherhood were a bunch of terrorists who took advantage of egypt
the economy was gonna be worst if they still in power, not to mention they were gonna turn egypt into iran-like country@@michaelbread5906
"Cairo Conspiracy" is a pretty interesting movie about the power struggle in Egypt.
The problem Egypt was facing since 1952 is the lack of political and economical practice, vision and strategy. War after war and all the decisions are only made by the military ruler in power. The ruler doesn’t allow real political parties to function, only puppets all around so by the time there is an election, although Egypt is a very populated country, you don’t find a single candidate worse your vote, not a single one with a real political or economical experience or background. You find yourself choosing between the same ruler, his son or relative, one of his failing government ministers, a military general or a religious fanatic who only promise you heaven in the afterlife.
I guess this is somehow now happening in the USA with a democratic coverup.
I am Egyptian, this guy is so wrong about so many things...
It is more complicated than how he narrowed the hell out of it...
I voting for the same president next year...
Almost every human I know and ask will do the same to...
We are not some dumb dumbs who are brain washed blindly...
You have to respect our minds...
As a Egyptian I confirm , the problem with Egypt all started after the army removed the king and one general said okay let's back to our place and leave everything to the people , after that the army didn't accept and they removed him and they took over the whole country till now , what they do ? They can't do anything rly but build building as you can see today any Egyptian will come to tell you they doing good just ask him what they do he will show you building , you will see general every where like Governor or minister , you can't sadly find good one because they destroyed rly the schools all the money used for something not gonna help rly so ofc no money for school or hospital or anything that would actually help people and help the country so as you said you can't rly yep find someone good enough and if you found the army won't rly let him , they own everything here the media and everything if you said something against them they will call your terrorist and will put you to jail and won't see sun again sadly
As an Egyptian as well, I can highly confirm that you are living in denial and surrounding yourself with people with the same Ideolgy or maybe your party benfit the most of the crisis we are going through. Get out of the shell you are living in cause Egypt is more than the Luxury compound you are living in or the club you go to.
and by the way, it doesn't matter what I or you think about
we Have numbers and statistics regarding our economy
And numbers don't lie
@@thunderxr2736
@@thunderxr2736انت بتقولي انك هتنتخب السيسي تاني؟! ليه يسطا ، مش كفايا يكون حد ماسك الحكم اكتر من ٩ سنين اساسا ولا انت ايه نظامك
@@giant.shadow9034 the most dramatic person ever
There is a huge difference though: Argentina is a resource rich country that can feed its population many times over (it needs only 5% of its fertile land for that purpose) so when the crisis hit, over and over again, the country keeps going with its own inertia.
@@mrboobiesrider9212 egypt can't feed its population. it imports most of its food. the land can only support less than 50 million Egyptians naturally
Especially seeing as the Nile is drying up, Egypt has a very tough future ahead of it if it doesn't get it's sh- together and start working towards solutions.
@@mrboobiesrider9212it’s definitely resource poor. At least for the amount of population it has right now. It cannot possibly feed itself without imports
@@hany.girgisحتى هنا بتعرص 😂
Egypt has fed its huge population for decades and always came through in the worst of times. The main problem is from the top and behind closed doors... The issue isn't in importing stuff, it goes way deeper than that coming from an Egyptian citizen speaking. The Nile drying up? Let's not talk about that and how's it's all curated decades ago...........
One can hope Egyptians can still manage to survive this potential tragedy, would hate for so many people to suffer because of mismanagements.
As I wish people in other places learn - mismanagement shouldn't be the reason for getting rid of a political leader. Even a good manager needs to be replaced every few years, because a long reign is the no. 1 corrupting influence.
Mate I have to say to a couple of things here in Egypt they crackdown hard on any dissent be it political or just commenting about the inflation or if they want to jail they just frame you with anything and they are attempting to wipe out the ikwan group which is not a terrorist organisation
Thank you for your feelings, we are in big trouble but only a democratic system can begin to help us in our trouble
There is no mismanagement and the economy won't collapse
They deserve it tbh mate Egyptians know how corrupt Sisi is but they still support him and many of them supported his coup and massacres
Please note you made a minor, but very noticeable, mistake at 0:42.
Anti-Gaddafi protests didn't reality begin in Libya (not Tunisia!) until February the 17th. Instead you probably meant to refer to the pro-democracy protests in Tunisia against Zine El Abidine that kicked off the "Arab Spring".
I am from Libya and I was shocked and Confused for a second 😂
I caught this also and was wondering if anyone had also
I came here to say the same thing - my brain was short-circuiting every time I replayed it lol
Yeah, weird mistake
They played the Egyptian from day 1. Military didn’t allow strong candidates to run. Smart chess move and the Egyptian people fell for it
As an Egyptian this is exactly what's happening, my family is lower class and we can't even afford chicken or meat or eggs or sugar or oil or ghe or rice, take this from me if you have less or no money you have no place in Egypt. I can't even go to a good university because of how expensive it is, I am an extremely smart student I could be called a "valedictorian" in American terms but this will go to waste, I'll probably just end up being a miserable housewife because how bad this is becoming. While we are suffering el Sisi is building a new city for the rich that will only benefit him (and the rich ofc) please raise awareness on this matter, if Sisi continues we are doomed (no literally doomed, he said he can destroy all of Egypt with just 2 trillion Egyptian pounds, some dr^gs and cigarettes)
egypt has become a country where only the rich can actually have a good experience of living. all other areas are falling apart, everything's price is rapidly increasing, there doesn't seem to be any hope and there definitely won't be another "revolution". also, i think all the expensive new compounds being built are fake, they don't show what egypt really is, and it's just a trick to tourists and foreigners.
and also, lots of egyptian movie directors make egypt look nice when it's really just a dump i mean i know it's art but it's also a lie, we're living a lie and can't speak our minds or else we'll become prisoners we're all being brainwashed
and this is exactly why our country will keep getting worse. a brilliant student like you should have dozens of opportunities and scholarships that support you without you having to pay any money. our country doesn`t even offer the chances of a student's loan, like the UK for example. a country without good education and extreme poverty is a country gone to waste. I'm really really sorry u were born in this terrible era but don't give up and if u have a good academic grades, you can apply for fully funded scholarships outside Egypt. that's the best you can do.
If you are still in school and you have internet access try your best to find scholarships outside of egypt. There are amazing opportunities with no money so please search about that online and try to get a scholarship outside
Get the hell out of egypt
Look to study elsewhere.. apply for scholarships so it can be paid for. There are options and you have to want it.. Hope you get into a university and become something! :)
Egypt is building a new capital city aways from its populace with strict rules on whose allowed to live there. Egypt's military brass seems determined to cement themselves as basically modern nobility in Egypt, especially given the giant centerpiece skyscraper for the army in the middle of the new capital
Genuinely distgusting stuff
Another Pakistan.
Didn't Akhenaton do the same 3000 years ago? He built a new capital and only allowed Aton's believers to live there. We know how it ended.
That's pure bull you are spreading. There is housing for everyone in the new capital and all the other 22 cities being built.
@@CarlCaf housing for everyone ايه ياد انت شايف الاسعار
3:52
Has anyone else noticed a pattern that when a president says things like "we need to temporarily suspend democracy and give the president temporary emergency powers" it's never temporary and the president ends up becoming a dictator?
To be honest, it may looks like it. But, as an Egyptian living in Egypt, it is not like that.
From 2013 to 2019, we witnessed countless terrorists attacks on churchs, police stations, power grid, a children oncology hospital, assassination of high officials and officers, and even inviting ISIS to make a branch in Sinia, you name it. So, he had to do it especially when he took the responsibility of a country that was on the edge of a civil war and in economic crisis with a failing infrastructure.
Things got better in 2019 and we were focused on rebuilding the economy and the infrastructure but then coronavirus came and also the war in Ukraine. Now, we have an economic crisis with better infrastructure, more secure stable country that attract investors. So, it is a progress.
To be fair for him, he already stopped the Country Emergency status in 2021 and released many opposition figures in recent years.
It’s always advertised as temporary, but leaders get used to no one saying no. Then get used to that and silence anyone who says no. They may mean well when they introduce these laws, but that soon changes when they turn into dictators. Not that sisi wasn’t a dictator from day one.
Bottom line is the Egyptian army is too greedy and has their eyes on all the money in Egypt. And once money goes to army run companies, it never goes back into the government finances, because then it turns into national security and nothing is known about this money or where it goes (pockets of army top brass)
@@kmarei Saying "always advertised as temporary" is very weird as no ruler really rule forever because of death.
In Elsisi's case, most Egyptians does't mind him continuing ruling as he is considered one of the best presidents that ruled Egypt ever.
You may differ with Egyptians on that because of the biased reporting you just saw.
But, for most of us, he did many things for the country I won't be able to mention them in a comment.
Some lessons we did learn first hand ourselves when we elected an Islamist president for only one year before protesting against him.
First, Democracy do not guarantee a good ruler in fact most of the time it won't, but this depends on many societal factors as more poor, less aged and less educated population like Egypt, such a population can be swayed easily by little things as money incentives. Democracy in this case may be more fatal as what happened to Lebanon, it produces a failed state.
Second, a good dictator is better than a bad elected ruler.
معملش حاجة يا معرص غير إنه وقعنا فالديون بطل تلييس وتلمييع للخرابة.. والتقرير شفاف وواضح فشخ.
" most Egyptians don't mind him continuing ruling as he is considered one of the best presidents that ruled Egypt ever. "
who the fuck are you to talk about most Egyptians, stop saying shit from your own fucking prespective and projecting it on " most Egyptions"@@yousam3821
Egypt needs a comprehensive change in the system and the personnel alike from top to bottom if they want a fundamental solution to these problems.
That actually makes sense
The only thing Egypt needs is the end of the ongoing massive MASSIVE theft.
I am Egyptian, this guy is so wrong about so many things...
It is more complicated than how he narrowed the hell out of it...
I voting for the same president next year...
Almost every human I know and ask will do the same to...
We are not some dumb dumbs who are brain washed blindly...
You have to respect our minds...
@@thunderxr2736 please expand, let us know what he narrowed down so we can hear your thoughts and why you will vote for the same president again, other than of course you being a beneficiary of El-Sisi's policies and corruption
not focusing on economic growth alone was a mistake the ONLY good thing el sis did was the infrastructure and thats it if u think anything else he did was worth the decrease of the egp ur dillusional plain and simple@@thunderxr2736
As an Egyptian, i feel very sad about what's happening in the country, i hope things change to better
As an egyptian as well , Iam sorry to say this but there's zero hope for this country it's absolutely destroyed and annihilated with no way or shape of going back.
@@rdg665 this whole BRICS thing should help us get better but am not gonna get my hopes up too high
@_amrbadr_ no it won't do anything at all lol
brics wont do shit for yall lmao@@_amrbadr_
@@rdg665ولا يوم من أيامك يا مبارك
Hello folks, an egyptian here...
What this guy said in his video is absolutely true.
Me and maybe more than 40% of our population is under the poverty line, working our butts off for crazy amounts of hours per day, yet getting paid scrapes of money to survive financially till the next pay.
Even with all our our money being spent on our living, our living circumstances are not that bearable either...power and water outages are frequent, and every thing is unexplanably over-valued and/or expensive; food, medicine, housing, education...no matter how much money you make you still won't be able to cover it all, even if you did, you won't have any left for yourself.
The goverment is corrupt and only benefits a small group of people who only makes them richer and richer, while the rest of us are just left to rot like our lives don't even matter, and if we spoke up, we're either jailed or killed.
Egypt is literally hell on earth and in my opinion, a coloniser would treat us much better than our own government.
Every single day I'm questioning the purpose of living in this country, and I've thought about ending myself a lot to stop overthinking about what I should do to survive day by day.
I'm just 24 but living on this land have turned me into a walking corpse, or a machine with no feelings who has to overwork itself so it can just...eat, nevermind the rest.
I want to seek refuge elsewhere, I want to get the hell outta here, but I'm afraid I'll be dead before I get the chance, and I don't want to die now, not like this.
well said 👍, I'm also an egyptian and i can confirm every bit of this text
May allah help you bro
ربنا يعزك ياخويا والله ربنا عارف عنك كل حاجة و هايتولاك برحمته إن شاء الله ربنا ينجدك من الحكومة المغتصبة و يرزقك من فضله ❤️ و الانجليزي بتاعك ما شاء الله جامد ممكن تستغله ❤️
+1 to that
Very sad and distressing to read this. This life is just a test, and you must remember that Allāh is the Provider and Sustainer, and He WILL provide for your needs, no matter what. Patience and du'ā bro!
May Allāh ease your affairs and the many thousands that are suffering like yourself.
As an Egyptian living in France, I’m happy on the accuracy of the summary you did on the Egyptian’s regime. Far from the French media’s narrative. Thank you for your good work 🙏🏻
What does French media say, i am Egyptian btw
@@myname2938 They reduce the narrative to « Morsi was legally elected and then Morsi made a coup and installed his dictatorship » without specifying any details on why and how these things happened nor what happened since.
the regime does not matter anymore , everybody is pretty much in the same condition we are reaching the limits of growth prediction around 2030-35 half of the world countries would have collapsed entirely their economies with the rest following later there is no alternative in the middle left other than economic collapse in 2030 the world will reach horrendous levels of resource consumption prices will absolutely explode to levels that make today inflation a buy 2 get 1 free offer
Across the Channel, the news and TLDR pretty much have the same summary, the difference is the news has little interest expect they didn't like the Muslim Brotherhood.
Could the French media’s narrative be down to the sale of warships and fighters to Egypt have anything to do with that? I'm not in France so I could be very wrong.
Now ask for money from China, what can be done
Is being close to economic collapse a prerequisite for joining the BRICS alliance?
It makes sense as those countries which are quite large in population and resources will now be beholden to China.
@@incrediblyintelligentman2895including China itself
No there are very successful BRICS economies but also some failing ones like Egypt.
In this case UK and Canada also seems to falling.
@@AnotherComment-rl6fv Lol, comparing economic collapses like those in Egypt, Ethiopia and Argentina to bumps on the road like the UK is probably the best joke I've heard in a while.
I saw poverty everywhere when my parents lived in the Cairo area. Any increase in inflation there is disastrous.
Very depressing city
Inflation is actually way above 100%
Egypt is collapsing 😢
Inflation in food is 300% in most of the main produce.
@@michaelmontana251 not depressing but hopeless
The people still can hold a bit of a smile from time to time
But ooof
As an Egyptian myself, i can say that everything is getting expensive and the wages aint getting raised 😢
This sadly happens everywhere, even rich countries such as England are becoming unbearable to live in
lol you are comparing egypt to england, how hilarious.. the largest salary here in egypt is 50 dollars monthly or less in private sector, 100 dollars monthly or less for who work in governmental jobs.. could you please tell me how many dollars english guys take monthly?! @@Anastasis-is-here
as Egyptian whats happing in the uk is due to yall allowing illegal immigrants @@Anastasis-is-here
@@Anastasis-is-here True, but its different for Egyptians as all the commodities are being sold in their international dollar prices, while the working citizens are getting paid in Egyptian pounds. So for example: if your salary is 4000 british pounds a month, its not life threatening when price of 1kg of meat goes from 30 to 50 pounds. For Egyptians however, their salaries are 5000-6000 a month ( Egyptian pounds) and price of 1kg of meat is 400 pounds +. So imagine paying 400 british pounds for a single 1kg of meat. Its a joke.
@@S1GNIFICANT yes, this sounds sad. I hope in the future things will change (again) we are all on the wheel of fortune after all, we can only hope that bad things won't last long.
As an Egyptian, I feel like we are about to reach an inevitable end and go bankrupt like Lebanon. Life used to be easy-going, things used to be cheap but everything is too expensive so it's difficult to enjoy my life these days. I wonder if the prices will decrease one day so we can relieve.
كورس الانجليزي عامل شغل
@@alwa7sh698 الحقيقة اني مآخدتش كورس لحد دلوقتي بس بقالي سنين اتعلمت إنجليزي فى المدرسة و الجامعة
@@alwa7sh698 على فكرة مش شرط انه يبقى واخد كورس انجليزي يا ذكى
الحمدلله أنا عراقي
El sisi is a military dictator and many times worse than mubarak, who at least listened to people when he was wrong on economic matters.
He gave the entire economy to the military, completely dismantling the private sector.
In many of hes speeches You can hear him say. He wants the military. To have at least 50 percent of the economy. Which is pretty insane.
Egypt is essentially run by a military Mafia.
If you are a young Egyptian, you can't open a business that competes with the military.
They will do whatever. To drive you out. Even imprison you.
And that's just the tip of the iceberg.
There are half a dozen at least of Athletes Who has run away from Egypt.
To represent other countries like Britain.
Why?
Because the military Mafia takes away all their winnings. Which left them living in debt
And don't get me started. On how He ruined Tourism And, Our airports ,ports And public services.
All these fields are now corruption swamp. Everyone needs a bribe.
To make it short.
Instead of appointing Capable people in positions
He has given all top positions to generals and foot soldiers. With no experience. Or educational background on the field. Honestly. Is less like Putin and more like Kim Jong un
As I see it: egipt has a lot of international influence due to suez canal and also needs it's military due to geographical location, so change must come within to make the military allow civil rule. This isn't happening and it has consequences not only for egipt but the region aswell.
Not defending sisi or anything, but he didn't say he want the military to have half of the economy... He was actually answering a quest about how the size of the military economy.. He said it's just 2% of the economy.. And he was defending it by saying it would impressive if the military have half the economy... Referring that 100 thousand people can't run half the Egyptian economy!!
Egypt 🇪🇬 is just like the mamluk days 😂😂😂😂
It's a good thing my family and I moved to the United States before the economy went bad. We would've probably been trapped if we stayed a little longer.
Is it hard to get a visa/passport to USA?, is it easier to get a passport if u have relatives in the USA?
US homeless camps?
It's called the American Dream because you have to be asleep to believe it - George Carlin
@@originalthoth7313 the fuck is bro saying
@@Zirzux I’d say it’s pretty difficult. The process took us a year or so. You’ll need to meet a lot of requirements that many people may not pass, so it’s pretty hard for the average citizen.
As an Egyptian , I could say that living in Egypt is really rough
0:01 "came to power" That's a very nice way of putting: orchestrating a coup to depose a democratically elected government
Before someone else says it, yes they do clarify it later in the video.
But that's like saying at the beginning of a Ukraine video that Crimea joined Russia in 2014 which is technically correct but paints the wrong picture.
I mean, 2014 case was him getting elected. Muslim Brotherhood clearly didn’t win hearts of Egyptian after a year of being in power.
Neither side was truly democratic, the Islamic Brotherhood didn't care about that, nor did the Egyptian military which was behind the scenes the whole time. It is even possible that Morsi only got into power due to the military and when he was no longer useful they orchestrated his fall.
@@questionmaker5666 sounds very much like Pakistan
@@user-op8fg3ny3j Militarism and militaries with political power are a scourge.
Hoping Egypt manage to survive!
I am Egyptian, this guy is so wrong about so many things...
It is more complicated than how he narrowed the hell out of it...
I voting for the same president next year...
Almost every human I know and ask will do the same to...
We are not some dumb dumbs who are brain washed blindly...
You have to respect our minds...
و الله صعبان عليا انت و الاف المغيبين اللي زيك... بس نقول ايه انتخبو يعم لغايت ما يوصل الجنيه لتحت الارض و يخلي الشعب كله تحت خط الفقر
As an Egyptian, we are crying in the corner 😢
as an egyptian, sisi isn’t convincing us with anything he’s just a ruthless dictator that has no problem putting the whole nation in jail if they opposed his policies
Man as an Egyptian we are greeted with a daily blackout and also in water,BRING BACK TANTAWY
As an Egyptian who’s been part of these events I have never seen a balanced view. Well done!
Got it all wrong...
I am Egyptian, this guy is so wrong about so many things...
It is more complicated than how he narrowed the hell out of it...
I voting for the same president next year...
Almost every human I know and ask will do the same to...
We are not some dumb dumbs who are brain washed blindly...
You have to respect our minds...
يسطها هو عند و خلاص؟ إنت عايزه يبوظ إيه تاني أكتر من إلي بوظه عشان تفهم إنه مش نافع؟
@@thunderxr2736like if your vote matters anyway idiot
in 2013 Adly Mansor who was the supreme court chief got appointed as interm president not Sisi himself, but he was the defacto leader before getting officially elected in 2014...just saying
also Toshka was Mubarak's mess
And you know what makes this worse..?
People are now selling their votes for food 🙂
And we can barley afford the prices of everyday vegetables cuz the prices are spiking with each passing day
And to top it all with more sh*t employment is suffering as well cuz no one is willing to share his income with more employees
There seems to be a new economic crisis video on this channel every week. If economic crises are so common in the 2020s around the globe, could we not inquire as to what global factors are contributing to these problems?
being forced to take up debt in foreign currencies
@@grimaffiliations3671
After voluntarily devaluing and blowing the national treasury on vanity projects and population-control programs.
Capitalism has a tendency to go into crisis. This is nothing new really.
rising interest rates.
@@merzto An incomplete answer because lowering them would not curb inflation.
This is so far the best summary I've seen from a westren media outlet of Egypt's political scene in the last decade, and I've seen a lot of those!
Came to power 😂
The Western media view of Egypt's politics is by far the most biased reporting I have ever seen since their false reporting on Iraq's mass destruction weapon program.
I'm not sure if some dude on RUclips counts as an "outlet".
If this one of the best you seen I’m really afraid to ask about the worst this is heavily leaning with actual intention mistakes
@Ammar-kx7ve I came to the same conclusion.
If this is what the Westerners classify as good reporting, then I am afraid they are already brainwashed from years, and they are already doomed.
When you as tourist enter egypt you cant take picture or recorded a video in cities roads,buildings. The egypt police will caught you and confiscate your camera or handphone. You or egypt people cannot simply complaint about egypt politics, laws, rules.
“He’s starting to become a bit of an autocrat” is “a bit of an understatement”, he is, by all means, always been a ruthless military dictator
slight correction: it was not protest against the Gaddafi regime in Tunisia, but rather Ben Ali.
It’s strange that Toshka was chosen as an example of a failing mega project. That was Mubaraks project more or less abandoned over 20 years ago. The Suez Canal was an early one of Sisi but more relevant would have been the New Administrative Capital being built and the longest monorail in the world (mostly in the Cairo desert)
thats the only thing that was strange to you? the adminstrative capital didnt cst the state a penny but was funded by selling the land to private investors, so him claiming that is questionable is what is questionable and tells u his agenda clearly. the second suez canal was well worth it considering the record high returns now of almost $1b per month.
@@kareem54592 YOU KNOW YOU ARE IN TROUBLE WHEN TOO MUCH OF YOUR FOREIGN CURRENCY DEPENDS ON TOURISM AND SILLY SUEZ TRANSIT FEES! Egypt is in a horrible state! But keep dreaming Kareem!
this guy isnt one of us@@kareem54592
@@kareem54592 oh thank god. I thought Egypt was making poor economic decisions. We are in good hands then
@@dr.mohamedsamy😂😂😂!!
Not sure if related to this but this summer, for the first time ever, I have started to see products imported form Egypt. Mainly potatoes and other groceries that rarely come from outside the EU
I sure hope so cuz we desperately need to export or he's selling the food needed in the country
Yes they do export groceries here but in no way is this gonna solve the shit they did to us
Egyptian Fruits and vegetables are the best 😋
EU lost stable food supply from Ukraine. Thereafter, Egypt comes in as the replacement as it is a strong food producer.
im egyptian and it has already collapsed dude, we are done.
Sisi is a Putin of the desert, and the Egyptian economy looks a lot like the Argentinean one.
Has the signature defacto dictator taste of poor urban planning and architecture with all the infrastructure they do under their tenure
He is not an imperialist.
Not every autocrat is putin, you know.
That is why. Egypt joined the brics 😂
The only thing they have in common is that they are authoritarian dictators. Putin isn't wasting his money on building massive useless megaprojects.
@@iddomargalit-friedman3897 Isn't they supporting on of warring faction in Sudan that threatening Ethiopia?
He didn't TURN into an Autocrat he literally began and established his rule with Massacres in the streets of Egypt more than one thousand deaths in the biggest one called "Rabaa massacre" look it up.
He is a General who lead a military coop God damit
He still better than Muslim brotherhood
Muslim brotherhood militants wouldn’t mind doing the same and kill even more as part of their jihad
Quit sterotyping 🦃
@justblaze7924
TF maybe to you, are you even Egyptian?
Bro your so late, Egypt has fallen far more beyond economic collapse.
these kind of videos pop up on my yt timeline and every time it gives me crippling anxiety. how can anyone survive even the stress of such economic instability.
But hey, at least theyre trying to build the world's tallest skyscraper, the biggest military hq, that park thats meant to be 8x bigger than central park and some other "high tech" skyscrapers in the middle of nowhere in the desert!
Highest in Africa not in the world. And thery are exaggerating numbers.. Like they would claim they have the best system in the world and other shit.
@@myname2938 i thought that they said it was gonna be the new tallest building but ig it was too costly
Tallest flag pole@@cyrotic1557
@cyrotic1557 The world's tallest is another project that is still in the design and planning phase. The one already built now is the tallest in Africa.
Egypt builds whatever it wants
Lol 😂 this psychological warfare been ongoing for decades and never been fruitful, Egypt is the oldest stat in the world, and Egyptians are very resilient beyond most of people understanding. Viva Egypt 🇪🇬.
Welp, it just fell 50% today March 6 2024. Absolutely devastating
This video predicted itd happen and it just did. How horrible.
Another inaccurate information in this video is that UAE and China pulled out of the project. This is incorrect because the UAE never actually engaged to begin with and only showed interest to invest and later decided not to. As for China, the chinese company engaged investing through a ten year loan in the central business district. They built all the skyline there and are still in business.
Please correct your information.
as an american living in egypt since the morsi days, he wasnt kicked out because of some extreme islamic constitution. the constitution didnt force any islamic morals on anyone. and nothing changed in regards to daily life in Egypt. 49% didnt want him to be there but more importantly, the military had set him up to fail. he was never going to be the leader for more than the year he served and he didnt have any control over the military.
Ya but egipt needs it's military due to its geographical location and suez canal. Very hard to take away power from the military when u need a strong military.
@@puraLusa That is Absolute BS!! The Military controls 70% of the economy and is hungry for more and more. This was nothing but their attempt at preserving their own power and wealth.
@@puraLusa Militaries need to remain at their borders, period! No encroachment of power within the boundaries or off-boundaries. Rest assured, civilians are just as capable of surviving in controversial landmasses too.
Yep; and the West was also worried about a radical Islamist in charge of Egypt and so silently supported the coup…
The extreme Islamic constitution was never enacted. The threat did cause many to protest about its future implementation. The 49% was part of 84%, so the threat could have tipped the balance.
And not a word about the potential situation that Egypt may lose half of its fresh water supplies within the next 5 years - a catastrophe for such a country!
Why would it lose half of its water supply?
@@smnomad9276a dam
@@smnomad9276 Check 'Grand Ethiopian Renaissance Dam'. The Nile is the only real water supply for Egypt, except of a few tiny springs and a small amount of rain.
@@smnomad9276Because of Ethiopia's brand new dam on the Nile.
@@JoaoPedro-gc8mw I heard they were going to war over that.
But that’s only if their is a drought.
I like how this has been on going for like over year and you just remember it right before election time.
Iam Egyptian and i am here to say help we are getting abused by the government the army is occupying the county "allah yehrak el mekseky"
Geez is it me or according to TLDR the entire planet's economy is about to crash
But it is
Covid and Russo-Ukrainian war have done their toll on everything.
This was in the making even before 2020 - but the things just accelerated by these events.
We are in the remaking phase of the world atm. What will come out of it... nobody knows.
Egypt definitely is because of their borrowing and debt fueled building spree that have increased their debt to gdp ratio significantly in a matter of one year.
No but really our economy is about to crash
@@ahmedelnokrashi8324economists have been saying this for decades now
Ah… the muted voice of a person behind the black mirrors of a glass house. Really looking forward to your episode on Birmingham, the second largest city in the UK which recently announced it’s bankruptcy and the upcoming democratic vote for the UK’s next monarc.
What do you mean "About to Collapse"?
The money I gain from work is gone to food and transportation, I am making roughly 0 EGPs a month.
As an Egyptian im surprised it didn't collapse
This is a total lie,
El-Sisi didnt make a coup, 30 million Egyptians - i was one of them - was protesting against Muslim brotherhood asking Mohamed Morsi to resign.
El-Sisi asked Morsi to start early elections to save nations unity, and Morsi refused.
The opposition didnt boycott presidential elections in 2014, only the Muslim brotherhood and other exterme islamists.
But muslim brotherhood and their allies started terrorist attacks all over Egypt and especially Sinai, that requires 90 months of military operations for finally securing Sinai and defaeting IsIs and other terrorist movements in Sinai.
True
As a minor Egyptian, things are becoming harder for us.
I'm extremely thankful to sort of be upper class, but still. Things are getting more expensive.
An example. Here in Egypt we have mini markets called Koshks (they sell goods foods drinks and fabrics) before, you could buy a bag of chips and a can of Soda for 5 Egyptian pounds. Now, chips and soda can total up to 57 pounds
Out of all the thing you could've talked about bro chose to speak about koshks
Try to grow your own food. Buy some hens.
@@thatpakiguy3445 good idea ill tell the moderators to spawn some hens
@@trash7108 i guess examples dont exist
Do you think that Egypt could suffer a famine crisis? From a Moroccan I hope things improve, but under military dictatorship you have... Couldn't imagine the Egypt situation if monarchy survived...
Please don't answer if it can put you or your family in danger, I just saw some videos about thousand disappeared every month without any trace.
it's gotten so bad to the point so much families are struggling to survive because prices at local shops are literally sky rocketing, I used to buy 10 eggs for around 1 pound each, a few years back too, one egg was around 0.25 to 0.5 pounds, but now an egg costs 5 pounds (reffering to egyptian pounds) meaning 10 eggs would cost 50 pounds, and compared to the size of these eggs you'd need about 100 pounds worth of eggs weekly, an estimate of 400 egyptian pounds worth of eggs a month, on just eggs. 400 pounds used to be enough to feed my family for a whole month, and it's not likely that this situation will get resloved any time soon it's deemed to get worse
Thank you for sharing this
An Egyptian collapse is a tragedy, especially considering the sheer number of people living there. 110 million people in a defaulted state is a disaster in the making.
IDK, default is not the worst thing. Think of default as a national bankruptcy. Debts are settled (for pennies on the dollar), and no new loans will happen. The government gets forced to balance its budget.
Maybe it will be a wake up call to not trust the military
@@christianlibertarian5488 A government forced to balance its budget never goes well. Austerity kills.
Civil war?
@@polishherowitoldpilecki5521
No, the state has Monopoly on all power, there is no other side to fight.
The issue is simply the emphasis on "seeing Egypt as a democracy". None of the Egyptians I know wanted that neither anyone since the 2011 revolution. People mainly called for social justice and freedom. Suddenly the entire revolution was somehow rebranded by the media as a call for democracy. Having elections is cool and all, but Egypts structure will always keep the ruling centrilized. Add to that a shit ton of geopolitical issues, and you have a very crucial position that simple can't be changed every 4 years just because some guy is eloquent. People are desperate for change though, which is pretty normal as they feel that the administration has failed to fullfill many promises after all these years.
Yea Europes structure used be authoritarian as well. Also yes it was a call for democracy lol. I’m arab I understood the languages people wanted the right to vote at the ballot box.
As an Egyptian, I know the constitution was proposed and agreed to before Morsi came to power.
The constitution was written during the black year of Morsi’s presidency
@@minamedhat9898Simply not true. The constitution was written by a committee formed by the parliament under the rule of the military counsel in 2012 and the parliament itself was dissolved shortly afterwards and before the presidential elections itself. Elsisi made changes to the constitution in Jan 2014. Check more details here: en.wikipedia.org/wiki/History_of_the_Egyptian_Constitution
You are one of those, either ignorant who is posting comments randomly on Social media, or a person who is experiencing memory issues, or a liar.
The terrorist Muslim Brotherhood group wrote a constitution during one of the sad nights of 2012. Their constitution was suspended and cancelled after June 2013 revolution and the overthrow of the Muslim Brotherhood
Mohammad Morsi smiles from heaven
He's been in office for 10 years. Even if he was doing a good job, it would be time for him to leave.
منك لله يا شيخ خليت اقتصاد مصر محتوي لفيديوهات الازمات الاقتصاديه علي يوتيوب 🤦🏻♀️
Bro knows our shit more than we do
😂😂😂😂😂😂😂😂
We're not collapsing..
We're rising.. But sometimes.. You can't see gold in great fire.. You can't see light into smoke and darkness.. But very soon you will.
Agree
This channel adores the word Collapse. The collapse is in the minds of the producers. A collapse is final, but none of the gloom and doom the channel projects ever comes true.
The Arab Spring was driven by a tripling of grain prices. Grain prices are up again. And due to poor foreign policy, the Nile failed last year and will again this year.
Government policies are directly leading to famine. A famine that will enrich the powerful at the expense of the poor. This will drive unrest much higher.
It is not monetary policy driving the problem. It's a lack of food.
With an ever growing population (over 100 million now?), things aren't looking good. No one ever asks the question about how to feed all those new people. Same thing all over the world.
@@erbalumkan369 We don't have to ask. It's not a difficult problem.
The reason it's a problem this year is a move by the global elite to limit farm production to save us from "global warming".
@@erbalumkan369 overpopulation is a myth
Is the Nile failing because of Ethiopia??
@@jwrosenbury how does the nile fail due to foreign policy?
As an Egyptian, I would like to correct some of what you said. Morsi was not an extremist or anything like that, but Egypt grew during the year he ruled, and he was also working to liberate Syria and Palestine, but the Zionists put Sisi in order to secure Israel for them.
‘A month after protests against Gaddafi kicked off in Tunisia!” 😂😂😂 Gaddafi was the dictator of Libya NOT Tunisia!
A collapsed economy might result in protests that can no longer be put down in any way even by force.
Oh fuck a worse Jan 24th coming huh?
You are right but sisi is backed by the military and they have no problem in killing Egyptian citizens they did it before
@@icecuboid276 Perhaps the military may turn on him in no time.
It won't collapse, it's been around for at least 7000 years
How long is yours? 250 years old? 1000?
Egypt will survive, your own country may not in the new world order
Egypt with it's Suez Canal, the Huge Nile dam, large gaz discoveries, has access to massive financing that get paid by it's high population growth and the large egyptian community present internationally.
A slight political change and getting the army hand off business can make Egypt on track again very quickly.
You know it’s bad when even westerns think it’s bad 555555
دي شخره في الاخر؟ 😂
i'm not here to learn about the world around me
i am here as an egyptian to find out why i can't use my credit card to buy 5 steam money-
Shocking how similar the situation is between Egypt and Pakistan
Same traitors ruling under the same masters
Add Turkey to the list
@fatality153 didn't include Turkey because it isn't a military dictatorship like Egypt or Pakistan, just a very autocratic leader who destroyed the country's economy with stupid economic policies.
How so when Erdo 🦃 arrested over 2000 of his opposition members live on TV
Egypt as a monarchy was way better. What happened in 1952 was a tremendous mistake that Egypt pays for until this very day
I will apply for DV2025 and try to immigrate to the United States and leave Egypt because this country has no future.
the US is a shitshow too
Well, I was waiting more for evaluation of the present decisions and futuristic prospects and so, and I found more of a summary of what happened and what's happening. Anyway, even though you did not really give possible answers for whether if they are necessary measures or not, but I really appreciate the realistic and neutral tone of the video, which kinda rare to be found!
Don't believe every shit...
I am Egyptian, this guy is so wrong about so many things...
It is more complicated than how he narrowed the hell out of it...
I voting for the same president next year...
Almost every human I know and ask will do the same to...
We are not some dumb dumbs who are brain washed blindly...
You have to respect our minds...
@@thunderxr2736 Aha, ok. Good for you!
@@thunderxr2736 Don't you wanna enlighten me and tell me what is the guy wrong about? And what are the complications that he oversimplified?
@@bakeezazaghlolI think this guy is a bot or somethin;I've seen this exact comment more thn 5 times now by the same guy,so dnt waste ur time with him 😅
@@sherif956 Well, he did not waste my time!
Thx for the information
I am in tears to finally see this video thank u TLDR
There is a severe error in this report. The 2012 constitution made the Muslim Brotherhood passed a referendum with over 60 percent. It is not a fundemental constitution. In fact, the 2014 constitution barely alters it except to sheild the minister of defence from arbitrary change by the President.
It is important to note the ruling party formed by the Muslim Brotherhood was a technocratic party that included experts who were either muslim or christian. Stating that the Muslim Brotherhood is a fundamentalist movement is false.
I am happy that i am 19 and listen to that to start planning for traveling away from this country
Also the corruption of the Egyptian army is one of the main reason of Egypt failure ... Egyptian army has it is own hidden economy that now one can ask about however the parliament
False malcious accusations
Like WMDs in Iraq
@@originalthoth7313 This is a different story ... I am living in Egypt and I know how much corrupted they are
Malicious sterotyping again
It was anti Ben Ali protests in Tunisia,... no Gaddafi
When the people turned on their benevolent dictators once they were no longer able to provide everything for them.
i can't help but notice that the video started without a moustache and ended with one...
You can sum up Egypt problem in one word, "the militarily"
A military leader who deposed his predecessor - ‘a bit of an autocrat’ 😂
who you mean the predecessor who was leading a major terror organization?
It was not mentioned in the video but his predecessor was a part of a terrorist organisation and before his ousting there were 30 million Egyptians on the streets asking the military to oust him. So, Elsisi did not move from his own will on this the people asked him to.
He's just stereotyping against Africans
White boy issues
يارب استر و طلعنا منها على خير
Very informative, thank you
The creator behind this video has a smooth brain, our economy already collapsed three years ago lmao
African economy try not to suck challenge (impossible)
More videos about Egypt please ❤
You guys are the best!
I feel ashamed for living in this place
the Egyptian Pound has lost 80% or more of its value not only 50% and there is a massive depression and suppression wherever you go
BRICS vassal states falling apart always makes my day :) Please more.
Boy, that Goldman Sachs acronym sure has gained momentum. Now it has its own vassals, just like the empires of old.
@@greentoby26why so suprised? SK, Japan and quite a large part of Europe is vassal to US
said by european who is literally a remotely controlled puppet controlled by the white house and larping about free will and pseudoliberty
It's funny to you but not to those living in Egypt
@@nsa3967 Definitely. But the more unfunny it appears to them, the more of them will want to do something about it and ultimately, fix their country and future.
Its still a win-win for me and them in the end. They just need to get of their bum and act.