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Geostrat.com publisher Rob Hardy on why you should not look to the Middle East for investment opportunities.
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Well just three days ago 120.
Members of the US business delegation returned from Egypt they left.
Tuesday afternoon right before the attack -- party idea struck dot com joins me now rob you you ended -- -- areas the world for investors.
Some of the people's outlook on Tuesday afternoon from -- luckily were he's in Bolivia -- actually.
Were clients of your.
Several -- that's correctional thank you for having me on again.
And that was that was an interesting departure day on -- they -- before -- violence hit the US embassy and on those grounds they had a number of their functions.
They weren't -- weren't -- in -- they were hurt so they are right and their -- where they were right all the while well it's been on the way say the attacks Libya the same day.
So they got out just in time but they -- there to put money down to start investing money and Egypt.
-- -- -- -- -- -- They're asking me in my opinion and I say you must hold off things are not settle there and this is not the time to be committing your money actually had a Chinese client.
Tell me that they were having difficulties with their investments in Egypt because of red tape.
Constantly changing rules so it's not just America.
OK so it -- well here's the thing.
The United States if you look at the fiscal year 2000 -- budget for the United States.
The appropriations that we right now are sending overseas I mean it's actually on -- me the most Larry they weren't out is is Israel that got three point one billion appropriate but number two.
Egypt one point six billion dollars appropriated whether or not that that's sticks I don't know.
But is that the reason that these US investors -- looking at the Middle East for investment opportunities -- kind of makes sense right they're getting propped up we going his capitalist.
And do business them.
Well we had a lot more power we being on -- and the west.
When that money was going to the military regime and it's -- -- military regime since the early fifties.
Now we have a lot less power with that money because there -- most of those economies that are not exporting oil are completely in the tank.
And they are depending on the saudis and the gulf Arabs to -- to finance them.
And as a matter fact Mohamed mercy of the current.
Former Muslim Brothers so he says former.
Was just in Europe trying to collect some more aid so this comes at at a bad time for the Egyptian economy.
What about I don't -- one other question that that is of course is is Israel.
And Iran we handle a war of words at this point frankly between our president and mr.
written on -- mister Netanyahu and then you've also got any the United Nations is coming at that the UN we coming in two weeks of me where we stand does that mean nervous about the so.
It's a very difficult situation in the whole of the situation in Syria ties into it.
-- Iran must is is trying to be the leader of that part of the world and the Islamic world as well.
And so they fashion this what they call a Shia Crescent.
Consisting of Iran.
Iraq which they basically have too much power and -- Syria and Lebanon as a Shia Crescent which would give them access to the Mediterranean.
And also basically surrounds a lot of the Sunni powers that have been our allies for years.
Right so you're telling his investors are clients at this -- Middle -- Stay away until -- all right rob thank you very much trouble party from -- had a -- thanks for coming and --
