Why Egypts Economy Faces Catastrophic Collapse

Egypt, the most populous country in the Middle East and North Africa, is currently experiencing one of the most dramatic economic downturns in recent history. This crisis has thrust the most populous country in the Middle East and North Africa into a state of turmoil.
The situation is marked by currency devaluation, doubled food prices, restricted bank withdrawals, soaring unemployment rates, a housing shortage, mounting foreign debt, escalating taxation, and a dwindling water supply from the Nile.
While the government blames the pandemic and geopolitical tensions, our video uncovers the underlying factors of corruption and economic mismanagement under President Abdul Fattah al-Sisi, including currency manipulation, misplaced spending priorities, wasteful megaprojects, and military control over the economy. Join us as we explore the causes, consequences, and potential paths to recovery in this gripping examination of Egypt's catastrophic economic collapse. Don't forget to like, subscribe, and hit the notification bell to stay updated on our thought-provoking content. Let's delve into this eye-opening journey together.

[@bircruz555]

Egypt, an army with a state. That was Prussia in the 19th century.

[@SamEisa-pt5up]

It’s very misguided and ridiculous to even compare the great conquering Prussia of the 19th century to this poor sisi army state of Egypt that can easily be humbled by Ethiopia or Israel They literally serve as vessel state now to Saudi and UAE

[@mahmoodazouz3941]

Great First video my friend salute from egypt 🇪🇬

[@MyKaboria]

Awesome video. The visuals, the narration, the story, everything was top-notch. While it disheartens me to see Egypt like this, I do appreciate this video a lot. It's doing a good job of letting misguided Egyptians know that we're on the wrong track. I'd love to see more professional documentaries like this. I only recommend adding your references in the description. Other than that, you nailed it!

[@thediplomat_]

Glad you enjoyed it!

[@zixoghath853]

Trust me any honest Egyptian does . Perfect realy very ...subjective

[@Timeless56_No.256_a]

as an egyptian, this shit is common knowledge now and even joked and dabbed on by even some rural people i've only heard of 1 person who thinks highly of opener's slave sisi (sisi's name translated literally)

[@zzzxxx7294]

Thank you for spreading awareness ❤

[@ziadashraf2750]

I'm Egyptian, and the economic state now is just terrible.

[@AmSeris]

2:12 what is the source for this part? I've never heard about this. I've heard about Greek but not Russian presence especially linguistically.

[@BilalMarcus]

I live in Egypt and this video is correct. and people are generally afraid but are not allowed to openly speak. and its getting worse. i hope they turn it around. lets pray because Egypt is too big to fail.

[@sandomando2899]

What a documentary, historic footage and analysis. This channel has high potential to be something on awesome

[@Timeless56_No.256_a]

i once gave my friends a noteless math riddle 2 years ago and i said "for the sake of simplicity, imagine 1 dollar is 20 egp" and then they said "that wouldn't be fair, it's 15 egp" (because at the time, it was 15 egp and now it is 31 egp and getting worse

[@SamEisa-pt5up]

For simplicity sake it’s 75 egp now

[@thediplomat_]

First video! Thanks for watching 🙏🏻 I hope they will get better so please join me on the journey and subscribe so you don't miss my next one 🙌🏼

[@user-ep1sw6od3u]

upto to 2030 not 2034

[@fuckedupman]

fuk that was fire

[@aayushdesai813]

Amazing Video.

[@mohamedibrahim8970]

I hope my country recover from this , and revive it's old legacy 🇪🇬

[@Mo-Sam]

It won't as long as it's under a dictator and corrupted MF military regime

[@shauncameron8390]

2:20 Who knew that being "for the people" had a price to pay in the form of economic sustainability?

[@alexkubrick2090]

I wanna translate your video into Arabic and Egyptian Arabic. I really wanna help this country at least to make any change to raise the awareness of my people. please reach out to me

[@obsessed2247]

my habibi from egypt suffers from bad internet and there is a ban on starlink

[@MK-rx2fj]

who can afford baying 100$ a month for Internet the average highest paid is around 1200$

[@eldios831]

​@@MK-rx2fjactually many can afford...you get starlink and then sublet for cheaper incomes to several households .....they just don't want people have alternatives to information when they shut the internet

[@MK-if5nr]

he fake love you for citizenship. my habibi did the same and divorced me after he go the german citizenship.

[@adilmait6005]

Can u make a video about morocco ?? Good or bad your choice

[@MK-rx2fj]

sadly every thing you said is more than true

[@MK-if5nr]

Horrraaaay!

[@mahmoudgamal3429]

The monorail cost is 4.5 billion not 23.. lots of inaccuracies

[@oo00777g]

The new city has it's own budget, which came from selling some spaces in the same city to real-estate companies 😅 🇪🇬EGYPT debt $165B (313% Currency Crash in 10 years) 🇹🇷TURKEY debt $475B (1222% currency crash in 10 years) In 2023, Irdogan 🇹🇷 took the same way to build a new city with debt. He is asking for $35B from the Int. Bank 🏦

[@weareallblinded]

👍👍👍👍👍👍👍

[@Maher_Ibrahem]

🥲

[@user-gd6wy5hv7y]

Lack of housing foreign debt food prices hight un employemnt high Egypt Gpvernment: Lets Build a new City 😂

[@Timeless56_No.256_a]

to prove how terrible the egyptian government is, that joke you made was probably made by 50 other egyptians including me

[@user-on8kp5mp6u]

It is not a govt dude, they did a coup that removed the rightful elected civillian president in the all history of egypt, Killed thousands of protestors who were against it and any other polotical parties members were thrown in Jail (there is 100k in jail) Sisi is just an american/israeli puppet....

[@matteodotdpsatgmaildotcom2451]

TIL muhammad ali punched the british off egypt

[@jessymor7062]

Why is the USA allowing him to do all that shi Like usa does have the power to interfere and rescue us

[@i_am_Muslim2]

Who told you the usa cares about anyone? Are you some sort of a fool or what? America was the main reason of suffering for 70% of the countries around the world what are you on about??

[@daxon31]

this is just so untrue

[@user-dc1hv5pr2x]

One of the best countries in the world. False info

[@SamEisa-pt5up]

You’re a false info

[@amrel-zant6687]

This is so full of mistakes: e.g. Muhammad Ali did not defeat the British. he fought with the British against Napoleon's expedition; and the issue with Sami Anan was during the second Sisi election campaign not the first, and so on... there were probably more to fumbles come after the Anan one. But I stopped watching at that point.

[@ahmedabdelfatah1175]

Alexandria expedition 1807

[@user-mm3cs1kt5r]

Muhammad Ali did defeat the British in 1807, idiot. Called Fraiser campaign.

[@blackmaster999]

LOL, While they cry about Ancient Egyptians being shown as Black. NORTH AFRICANS WILL FOREVER SUFFER!

[@gangmaki]

North Africa will always remain light years ahead of Sub-Saharan Africa even during times of conflict and crisis

[@blackmaster999]

@@gangmaki You wish lol. Black African countries are more modern than those in North Africa. Just look at Nairobi Kenya vs Cairo Egypt and see for yourself.

[@LO-dm6uf]

Oh hello racist

[@hotstepper887]

World-renowned Egyptologist Zahi Hawass has put to bed Afrocentric claims that the Ancient Egyptians were black Africans, saying such allegations are not true at all. Hawass noted that there is, however, evidence of the Kushites being of black origin, who ruled Egypt during the 25th Dynasty. (He noted that it is from this period that the belief of Ancient Egypt’s black African origins grew). “If we look at Ancient Egypt, there are two theories, with one theory being that their origin was either from Semites (descendants of Shem, son of Noah) or Hamites (descendants of Ham, son of Noah), with input from Palestine and from Africa based on the faces of the people from the Delta and Upper Egypt,” he explained. (He explained that Cheikh Anta Diop is the one who really pushed the Afrocentric theory that the origin of the Ancient Egyptians was black). The actual origin of Ancient Egyptians was purely Egyptian based on the discovery made by British Egyptologist Flinders Petrie at Naqada, and this is why we know the Ancient Egyptian civilisation did not occur in Africa, it occurred only here,” Hawass said. Notably, the claim that the Ancient Egyptians had black skin has become a cornerstone of Afrocentric historiography. Mainstream scholars hold that kemet, a word frequently used for Ancient Egypt, means “the black land” or “the black place”. When it means nothing of the kind, and It refers to the fertile black soil that was washed down from Central Africa by the annual River Nile inundation.

[@jaybee4577]

@@gangmaki no they won’t, Sub Sahara African income is catching up and will soon surpassing North African countries.

[@mohamedsonofkemetegypt979]

A very bad report, close to being funded by the opposition. It did not mention anything positive that the president did Like a decent life for 60 million Egyptians Increasing the agricultural area in Egypt by 40% An increase in the national product from 230 billion dollars to 450 billion dollars. The debt is compared to the national output. It is not the number of debts alone, and most of the debts are private sector, not all of them are owned.She did not make any suggestions for improvement, but criticism for criticism only Al-Sisi has provided 7 million job opportunities because of the modern city projects. What will these people provide jobs for? We have 9 million refugees who must be expelled to Europe, but he refuses, unless you pay us and help us. We must release them to you in the West, so that you know what we are preventing from you. He is the only one who gives the rights of people with disabilities, like my brother, who took an insurance pension for my father and mother combined for the duration of his life. With annual increases of 15% equal to inflation He solved the problems of residential slums and built apartments for people of 100 square meters and gave them mansions with furniture and equipment for free. You did not mention that

[@LO-dm6uf]

If all you're saying is true, then why is the economy getting exponentially worse?? And it's not a slight decrease, but it's a HUGE decrease reaching an all time low in Egypt's modern history! Those jobs created are still minimum wage even though they're the ones building and operating pristine and luxurious services, for who exactly?? Who's gonna use these luxuries?? The top 1% of the population with the money?? Stop fooling yourself, all of these "projects" are only for the elite and the military's benefit. And the social housing is NOT free, they put poor people in debt for decades. We are in GREAT debt from literally everyone, that's why the Egyptian pound is at an all time low, care to explain why??? Or do you just have a list of "achievements" that you memorised without knowing the context?

[@Exoskeleton1]

He is not here to run presidential campaign for the elsisi He is only providing the facts and bottom lines You are on the wrong channel

[@colorfulaura105]

I was one of his supporters but it’s very clear that he is incompetent and very autocratic. It’s no longer a democratic country..

[@bisoahmad9067]

you forget to mention the food boxes given to people to give him their votes I think this achievement you forget to mention

[@BilalMarcus]

So you want propaganda instead of truth? You must be Egyptian lol.

[@user-cq7el5is1w]

This video is utter BS and propaganda against Egypt. I live there, and even if everyone can agree that we are going through difficult times, it's not near the apocalyptic scenario that you described. Egypt will not fail, neither now nor later. For instance, there is no water crisis, the dam of Ethiopia did not decrease the water level, and those were only fears and projections. It is not a dictatorship whatsoever, people are free to do whatever they want so long as it does not disturb the country's hardly-earned start of a stability, and that it does not go against the ethics and morals of the people. Loans are indeed a problem, and sucking up at least 50% of the foreign currency reserve of the country, but this is a short-term problem, and by the end of 2024, the country would have paid the loans that are due in emergency. Talking about loans, you mentioned a debt-to-GDP ratio that surpasses 90% of the country's GDP right ? Go compare those numbers to European countries or to the US, which, btw, are about to default on their debt payment if they don't print more money, or make other countries poorer in the process. For anyone who read this, I invite you to check this channel's history, and see that the KZbinr probably earned a big check to publish this video. How do you go from crappy gaming videos where OBS studio is seen upon launch, to a perfectly edited video, voiced over with the purest English accent there is ? Either you're stealing others' content or are taking money to publish propaganda content.

[@ezzwhitezombie666]

Stockholm syndrome

[@user-cq7el5is1w]

@@ezzwhitezombie666 Cool, so you think your reply proved a point ? Go ahead, keep getting your education from propaganda videos, and let the world laugh at your ignorance

[@user-cq7el5is1w]

@@MK-rx2fj Beside the fact that your comment makes no literal sense, from what I still managed to understand, no, I am not one of those political fanatics. As a matter of facts, I am not even Egyptian and couldn't care less about the political scene. I just hate to see lies being spread blatantly like this, with no shame whatsoever. As someone who saw the country with my own eyes and lived there for 7+ years, I can say that the oppression and chaos depicted in this video is not representative of the reality, at all... ya Igna (whatever that means, lol)

[@MK-rx2fj]

@@user-cq7el5is1w I said every thing in the video is true stop acting like those who see the president as a saviour or a hero like some nationalists phycos do and lagna means someone that spread government propaganda in social media

[@Exoskeleton1]

If that’s true then why did you search for that video?

[@girgis6374]

Lies lies and more lies

[@MK-rx2fj]

بس يا لجنة يا منكوح

[@user-cq7el5is1w]

Finally someone with some common sense. I swear to God bro, if people keep getting their education from KZbin videos, we're all doomed to face ignorant zombies

[@Exoskeleton1]

Yeah tell them the truth

[@user-cq7el5is1w]

@@Exoskeleton1 The truth is, media outlets are never unbiased. They always try to pass an opinion that fits their plans and agenda. When a poor-quality KZbin channel suddenly posts a high quality video like this one, that probably required some means and money to be made, then it is not a question of whether or not it is legitimate anymore: IT IS NOT LEGITIMATE, period. As of the content that was presented, it is not true either. Egypt's economy is not under threat. It is going through a tough time, and on that we can agree. However, clearly, someone is trying to depict the situation as being much worse than it is. Do you know what happens when people think that Egypt is a supposed "oppressive" and "invasive" country ? They decide to cancel their vacation plans, and that is a direct hit to the Egyptian economy as one of their biggest sources of income and foreign currency is TOURISM. Whoever made that video is wishing to get a viral nasty reaction from the people and to impact the public opinion. That's my opinion, and if you don't agree, you are free to do your own research and explain to me why you think I am wrong, I'll be waiting. If you feel that I didn't answer your question, then please tell me

[@SylversVolpe]

Pipe down balaha.