Brief Summary
This video discusses the financial struggles of Egyptian pensioners and criticizes the government's policies regarding pension funds. It highlights the disparity between the comfortable lives pensioners once had and their current vulnerable state, with many living below the poverty line. The speaker proposes alternative solutions for managing pension funds, such as investing in gold, stocks, or local projects, to improve pensioners' financial well-being. The video also touches on the broader economic issues affecting pensioners, such as rising inflation and the increasing cost of living.
- Egyptian pensioners are facing financial difficulties due to government policies.
- The government's decision to delay pension payments until 2075 is criticized.
- Alternative solutions for managing pension funds are proposed, including investing in gold, stocks, or local projects.
Identifying the Stolen and the Thief
It's easy to identify the "stolen item" (pensioners) because they constantly talk about their plight, the skill of the "thief" (government), and the traps they fell into. The "stolen item's" condition and vocabulary make it clear they have been robbed. However, identifying the "thief" is difficult because they are smart and know how to hide their tracks, evade the law, and implicate good people.
The Plight of Egyptian Pensioners
12 million Egyptians, many of whom are pensioners, have fallen into the trap of gangs and are living under the line of fire, facing robbery, coercion, and deception. They are referred to as the vulnerable class, even though they were once the strong and comfortable class who owned significant assets like shares in major banks and companies. Now, they are reduced to waiting for handouts and incentives during holidays.
The Missing Thieves
While the 11.5 million Egyptians who have been robbed can be counted by name, the 12 thieves who robbed them cannot. This means that for every million people robbed, there is one thief. The speaker emphasizes the equality in how the thieves rob, not differentiating between Muslims and Christians, or any other demographic.
The Trap of Gangs and the Pension Crisis
The current situation is a trap that would not be set up in Israel, where war veterans are honored and not living below the poverty line. In Egypt, the victorious army and the generation of the seventies are suffering. The speaker criticizes the government's decision to pay back pension money after 50 years, calling it a big fraud. He argues that pensioners once owned significant assets like the Bank of Cairo and the Bank of Alexandria, but now they are being given a linked number to their money, which is then manipulated and closed.
Council of Ministers Decision
The Council of Ministers approved a draft law amending the Pensions and Social Insurance Law, extending the period for paying installments to 50 years, until the year 2075. This decision is made under the pretext of ensuring the role of the social security system in caring for the insured and pensioners, but the speaker questions who will be alive to receive the money after 50 years.
Alternative Solutions for Pension Funds
The speaker suggests alternative solutions for managing pension funds, such as buying gold or investing in the S&P 500 to generate better returns. He also proposes building Egyptian universities or investing in agriculture in the name of pensioners. He argues that if the government had invested the pension money in certificates in the bank, they would have earned significant interest.
The Humiliation of Pensioners
The speaker expresses surprise and feels that pensioners are being deliberately humiliated. He points out that there were opportunities to invest the pension money in the past three years and earn high interest rates. He criticizes the government for telling pensioners that they are poor and giving them only 3,000 pounds, while their money is not rising.
Pensioners as Kings
The speaker suggests that if the pension money were invested wisely, pensioners would be kings. He proposes buying companies that the Egyptian Post graduates from, as they are all making profits. He criticizes the government for increasing the interest rate for pensioners from 6% to 7%, calling it shameful.
The Plight of Retired People
The speaker emphasizes that retired people are a class that has become unemployable and have given everything they could to the country. He argues that they should be living in luxury with their profits, but instead, they are being given a decision to extend the installment payment period to 50 years.
The Need for Justice and Equality
The speaker calls for justice and equality for pensioners, urging the government to bring the people's money and let them enjoy it. He points out that war veterans in Israel are honored and pampered, while in Egypt, the war generation is suffering.
The Revolution in Bangladesh
The speaker draws a parallel to the revolution in Bangladesh, which took place because the sons of military personnel were not being adequately employed. He argues that in Egypt, the war generation of 73 is the one on pension today, and they are being paid a meager amount.
The International Poverty Line
The speaker points out that the international poverty line is estimated at $2 and 15 cents, meaning approximately 100 pounds. He argues that 3,000 pounds is not enough for pensioners to live on, especially with rising rent prices, medicine prices, and food prices.
Extending the Pension Debt Repayment Period
The speaker criticizes the decision to extend the pension debt repayment period until 2075, as well as the absence of justice and equality between civilians and military personnel in pensions. He argues that the pension class is being punished and cornered, and that they should be given privileges.
The Renaissance Dam
The speaker mentions the Renaissance Dam and the flooding in Sudan, and announces that Dr. Mohamed Hafez will be joining him for a live broadcast to discuss these issues.
Pensioners' Stories
The speaker shares the stories of two pensioners: Ibtihal Salama, a 62-year-old woman who worked for 40 years in the Ministry of Education and receives a pension of 2600 pounds, and Uncle Gamal Abdel Rady, a 70-year-old man who receives a pension of 9,000 pounds. Both pensioners are struggling to make ends meet due to rising costs of living.
The Increase in Electricity Prices
The speaker criticizes the government's decision to increase electricity prices, pointing out that there is no minimum or maximum limit for the increase in the case of a civilian pension, as there is in the military pension.
