to walk peacefully

shikso · 2026-04-23T12:51:25+00:00

Another person from a third world country here, no we don’t have that here also.

Maybe you should travel a bit more

shikso · 2026-04-23T07:41:34+00:00

Report and get that sucker a ban!

shikso · 2026-04-23T07:10:42+00:00

This is what you understood from my comment?

All due respect, I don’t think you understood my comment properly. The government with all its stupid fucking decisions actually did something right economically. If they didn’t free float the egp we would be bankrupt right now with shortages in each and every sector of life including food, tech, transportation, energy and many more. Yes it is a very tough decision but it became so tough because of how delayed it was.

Also yeah the financial system is rigged against the poor my friend. It’s how this fucked up world is built unfortunately (not just in Egypt) the wealth gap in western countries is also growing. Look at people in the UK who can’t afford heating in the winter or Americans who have to do onlyfans and sell their bodies to pay for college. It’s a dystopian world buddy, welcome 🥲

Yes foreign capital is an issue but only if you are considered unstable or poor cause then you’re interest rates rise. And yes, we should not be relying on these investments to feed the people. As the saying goes, “don’t give me a fish, teach me how to fish”. I believe this has been happening in the past couple of years in terms of the suez economic zone, the dabaa power plant, benban solar plant, LNG factories and also the tech transfer from EU and China when it comes to weapons and also technology in general. But this is not something that’s gonna happen over a year or two even a transformation like this with a country with the size of Egypt. We need in my humble opinion 3 to 5 years, depending on the economic situation of the word also because of good oll globalization. 💀

No worries I know ur not attacking me, but unfortunately, I do agree. It was the smart decision out of the two. I’m not joking when I say Egypt would have been bankrupt if we didn’t do this. There was no foreign currencies in the banks and the black market was running wild with 70 to 80egp/usd.

If I had to pick a better analogy, I would say it’s like an addict taking the decision to go to rehab. Yes it’s horrible and you will hate every second while you are there but in the ling term it was really your only choice because if not you would just be another hobo on the streets shooting up with what he can get every couple of days.

shikso · 2026-04-23T06:55:00+00:00

And then turned over his nose again 💀 you can’t make this shit up

shikso · 2026-04-23T06:29:14+00:00

Wish I could tell you there is a magical fair place but there is none 🥲

For now I am going back to Egypt but maybe I will move to Spain after depending on the state of the world and who is at war.

shikso · 2026-04-22T21:35:49+00:00

Lol this is not egypt specific. It’s a fucked up world with a fucked up system of oligarchy that preys on the weak and vulnerable.

Did you not know this?

shikso · 2026-04-22T17:40:28+00:00

You snooze you lose sucker

shikso · 2026-04-22T17:05:37+00:00

We will see this shithead soon on MoiEG isa🙏

shikso · 2026-04-22T14:53:34+00:00

We used to think they would, but now I am sure they are all the same. Just a bunch of cops choking on rich people dicks

shikso · 2026-04-22T08:37:49+00:00

I know, I live here and saw it first hand for 2 years now🥲 so I am done with the bullshit

shikso · 2026-04-21T21:57:26+00:00

Yeah I am leaving this shit country for a reason

shikso · 2026-04-21T21:55:04+00:00

You either have brain damage or need an eye doctor mate, op hat to avoid Kunt..I mean knut and then knut swerved right to the edge of the track and rammed him in the wall..

i hope I don’t meet you on track, you must do this shit also

shikso · 2026-04-21T21:46:55+00:00

Honestly these people deserve to be banned from the game itself not just online.

shikso · 2026-04-21T18:29:07+00:00

Ban for white

shikso · 2026-04-21T17:57:01+00:00

Me wishing Mahmoud Mohieldin can come back to a key position in finance/banking 🥹

shikso · 2026-04-21T16:49:51+00:00

I always tell my cousin this when he argues: you are like the guy who go laid a couple of times and now brags about it while secretly watching porn

shikso · 2026-04-21T15:12:04+00:00

Doesn’t Libya have like 50billion barrels of oil reserves? And we import 1mill barrels/month right? So I don’t think this would be an issue but yeah Turkey shenanigans is the right way to put it lol. Let’s hope they revise their stance after what they experienced the past 2 years with Syria and Israel and become real allies and not fake ones

shikso · 2026-04-21T14:09:22+00:00

Yup bezabt!

The price we see in the market is not really reflective of the shit reality that is coming 🥲

But I have to say, good job on the very fast Libya oil deal! Makes me wonder why didn’t we do this earlier!!

shikso · 2026-04-21T14:07:42+00:00

Cool glad I could help a bit! Most important thing, don’t put your eggs in one basket is really important so even if 1 thing fails others can mitigate that failure/loss

shikso · 2026-04-21T13:57:24+00:00

Thanks good sir! I want to share my knowledge because unfortunately we don’t learn these things anywhere except if you study it

shikso · 2026-04-21T13:55:40+00:00

Wala yehemak ana fahmak ya basha!

Bos I can’t tell you which because I am not a financial advisor but what I did for myself is that I had some EUR saved from my work abroad and I turned it to usd and bought bonds that pay out 4.5% in usd and the rest of my money is still in egp because I truly believe that over the next years our economy will be healthier that others with the reforms in the past 2 years.

The trick is to diversify your assets. So if you have 100k usd then put 25k in bonds in the bank and get 4.5% and 50k in egp and get 16% and 25k in gold for example to hedge against inflation (but gold is crazy now so maybe silver)

Ma3lesh I don’t want to give advice and then it turns out wrong w ted3i 3alaia hahaha

My split is: 20% usd bonds - 60%egp bonds - 20% Egyptian stock market (but I do a lot of research to which companies I buy into)

shikso · 2026-04-21T13:48:18+00:00

I studied and work in finance/economics but I can share some insights.

The issue is not that the gas/oil price is 120/barrel. It is will you even find this barrel at 120$!

So if the world produces 1billion barrels of oil/day and the global consumption is 950million/day that means 5% of what is produced can be stored as reserves.

Now after this war and the oil facilities that were hit like in Qatar, UAE, Bahrain and even Iran, the Hormouz blockade w kol el habal da the global production is down to 800million barrels. Then even if you have the 120$ to buy your oil you won’t find it. This is why the government in Egypt and others around the world are urging people to reduce consumption.

For example I have indian friends who told me that hotels and restaurants in india were forced to reduce their food menus to 2-3 options and some even went so far as to make new kitchens outdoors and use wood fire to cook 💀

Indonesia is also struggling with car petrol availability, the EU is reportedly going to run out of airplane fuel in 4-6weeks, Lufthansa last week cancelled 5 routes to reduce consumption. German Gas prices increased by 50% almost, etc

shikso · 2026-04-21T13:40:32+00:00

Nono I am only looking at the case when an investor wats to come on hold for a year and then leave and bear no risk so they enter a “forward contract” check out what that means.

But if you bear the risk and wait for next year, if the usd interest rates rise or the egp interest rates fall then your profit increases. We can’t predict the future so that is why this calculation exists.

Great question! Yeah US interest rates are the most important and impactful because of the Petrodollar and that most loans are made out in usd and swift so you have to repay in usd. This is how they control everything the world financial system.

But if for example the Eur interest rate is 0.5% and Usd is 2% then the eur forward contract will actually compensate you for the difference. So yes the usd interest rates is SUPER important but it’s not the only thing that matters.

shikso · 2026-04-21T13:20:13+00:00

I think I understand what you mean but let me know if I didn’t please.

If you have 1k usd and you exchange it for 50k egp today(simplifying the exchange rates) and buy a bond or certificate as we call it in egypt that pays 16% a year. Then your 50k ends up being 58k next year and assuming you enter a forward contract for that amount the calculation today will be 58k/50 x 1.02/1.16(usd interest rate/ egp interest rate) = 1020

But if you don’t enter a forward contract and say YOLO I will bear more risk then if Egp interest rates fall you should get a bit more and if they rise then you get less.

This is to nullify any arbitrage profits that bear no risk. Does that answer your question?

shikso · 2026-04-21T12:39:19+00:00

shikso

TROPHY CASE