Egyptian anti-government protesters have fought back against supporters of President Hosni Mubarak, pushing them out of some streets near Cairo's Tahrir Square which they controlled.
I cannot but think to the people revolting in Europe and Middle-East. They are trying to say something to their leaders. They are trying to make a statement.
Why pay more taxes to bailout the banks? Why should my money be used to correct bad calls made by financial institutions? Why did you allow me to receive pensions that were and are unrealistic? Why is power so concentrated at the top and a disconnect has been created between "them" and "us"?
The rage is erupting in Egypt because they are the most oppressed people. Some of the poorest in the world. Hopefully they will find a peaceful solution to their predicament.
At the end of this painful process a new class of leaders will emerge and the same mistakes will be repeated. Over and over again. This is the lesson of history.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
2/3/11
I am probably wrong, but ...
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