The cold hard cash counter-revolution

A GOOD PIECE
By Pepe Escobar
Asia Times

"....Take Egypt. The House of Saud has just given Supreme Military Council leader Field Marshall Tantawi US$4 billion in cold hard cash - although not even the Sphinx knows for sure how much power Tantawi, 75, deposed tyrant Hosni Mubarak's former minister of defense, really wields.

Washington extended Cairo $1 billion in "debt forgiveness" and another $1 billion in loan guarantees. Not much - compared to what Washington extends to Israel, but still a signal. And then theInternational Monetary Fund extended an extra $3 billion in loans. The "new" Egypt will start to do business already bound in unforgiving chains.

This goes a long way to explain how the "opening" of Rafah - the border with Gaza - was not really an opening. The quota of free-moving Gazans is a maximum of 400 a day; and no less than 5,000 Gazans remain blacklisted. So essentially the gulag situation remains similar to Mubarak-sanctioned levels.

This also goes a long way to explain why now you see it/now you don't tentative Egyptian presidential candidate Mohamed ElBaradei is now on an overdrive charm offensive on Saudi media - singing the praises of King Abdullah while performing the contortionism of ignoring frenetic Saudi support for Mubarak until (and beyond) the last minute.....

Then there's the Muslim Brotherhood question - essential in the context of the carefully orchestrated US/Saudi counter-revolution.The Muslim Brotherhood is being instrumentalized by the House of Saud all across the board, from Syria to Egypt. In Egypt, the reactionary old guard Brotherhood is working very close with the Military Council; "rewards" for good behavior by both Washington and Riyadh should be in the works.....

As the cold hard cash counter-revolution goes on, the future of the great 2011 Arab revolt looks grimmer and grimmer. It all depends on how forcefully the Tahrir Square spirit will keep the Military Council in Egypt in check. And how progressive forces in Egypt, Yemen and beyond find ways to counterpunch the relentless impact of the House of Saud oil wealth."