Muslim Brotherhood Wants War With Israel

FOREXCRUNCH.COM

Mohamed Ghanem, one of the leaders of the Muslim Brotherhood in Egypt, calls Egypt to stop pumping gas to Israel and prepare the Egyptian army for a war with it’s eastern neighbor.

Speaking with Iranian television station Al-Alam, Mohamed Ghanem blamed Israel for supporting Hosni Mubarak’s regime. Ghanem also said that the Egyptian police and army won’t be able to stop the Muslim Brotherhood movement.

There are doubts about the loyalty of the Egyptian army to president Mubarak. If the brotherhood takes control over Egypt, it will be very messy from the whole region.

In the meantime, EUR/USD , GBP/USD other pairs have enjoyed the relative calm in the Egyptian crisis and regained most of their losses on Friday. An escalation will send them down, and will strengthen the dollar, yen and Swiss franc.

Editor's note: Learn more about the Muslim Brotherhood:

The MB describes itself as a political and social revolutionary movement; it was founded in March 1928 in Egypt by Hassan al-Banna, who objected to Western influence and together with MB’s most influential ideologues Sayyid Qutb , called for return to the earliest days of Islam as a model for society. MB is an expansive and secretive society with followers in more than 70 countries, dedicated to creating a global Islamic order that would discriminate against women and punish nonbelievers. Its members and supporters founded and funded al Qaeda, Hamas, and other radical Muslim terror groups, as well as Muslim student organizations on six continents, including one “of the largest college student groups in the United States.”

See an extensive research report on the Muslim Brotherhood at RED MOON RISING.