head, the military is keeping the peace and the people will not turn against the military. neil: how do you know the military will not turn on them? the kumbaya we won t do anything do you, that cannot go on forever. guest: they will public it to the limit and they will wait until . neil: when is the limit. guest: this has been playing for almost two weeks and each day, look at the surprise today. we did not know weapon the limit is but it is getting short. neil: the country is losing $300 million a day when the center of commerce is shut down, the museums, the major banks, all working on abbreviateed hours. any enterprising head of that country, any powerful board in that country like the military will say, enough and then you know what hits the fan. guest: it will but the military is trying to work with the people and to buy more time
and in the middle east that is important and saving face is important and that is why saudi arabia stepped in. it is like the good old boy club in the region and the middle east. the rulers watch after each other because the saudis know if mubarak goes down someone will be next and they do not want that to happen. neil: but this has all right happened, what he stays or goes, in their eyes he wore out the welcome and in the eyes of the global community he confused everyone. no one know whose is on first, a president is giving an address, a vice president is giving an address and like a bad movie. i cannot imagine this situation is improving. and it will not improve. it will get more difficult in the next few days. the military is trying to step in because a lot of people in egypt respect and honor the military. neil: but they are not stepping in. but suleiman, as a figure
military try to figure out how they can move mubarak on by either supporting suleiman or displacing suleiman with a military regime that can make a peaceful transition the next six or seven months. neil: can you do that? is that likely? guest: look, who knows but if i were betting man the most likely outcome is the military does something that moves this away from the hands of mubarak and i don t know if that means they displace suleiman or he is surrounded by military regime but it is unsustainable to be where mubarak is. mubarak had a couple of things he tried to toss out, and, for example, he rattled off parts of the constitution he wanted to amend. and the most onerous was the first, article 76, that says that the way you run for president of egypt you have to get two they ares of the vote of
hasn t left as richard nixon did in water get. it would be leak richard nixon was still there as ford was making the speech. people today hoped to hear, at least the protesters, whether you agree or disagree, they hoped to hear that hosni mubarak was stepping down and it was understood he would leave in september and everyone has known that all along, and they wanted the process of change made more formal and immediate and he was getting out of the presidential palace today but he did no such thing so it is a mess. the military, essentially under the command of suleiman and not knowing what to do and karl rove is with us right if you. boy, this is getting weird. it is and it will be a key element in the next several days: how will the military
through to september or whether they are gone to throw their support to the people. if the people start to turn violent it will result in a real challenge for the military, and what do they do under the circumstances. so, we will see consequences played out, economically, and i think that the international community is going to really start shorting out in terms of their investment in the foreseeable future, and the volatility is not going to be helpful to the egyptian people. neil: that is an under statement, like the markets are saying, this country is a basket case, we are shorting the pound, their currency has been shellacked. and it is a good thing the marks are closed because anything that is traded in egypt is getting shellacked. central bangs, the region over, have been buying up the pound to shore it up, to little avail and the banks are working on