Spengler » Dumb, Dumber, Dumberer in Washington: "Half of Egypt’s people live on $1.65 a day or less and the country imports half its food. Its economy is in ruins and cannot be revived by an IMF austerity package, as Gerecht seems to imply. Morsi fell when he ran out of money. The Saudis and other Gulf states refused to bankroll the Muslim Brotherhood, which is seeking to overthrow the Arab monarchies, but immediately lent $12 billion to Morsi’s successors, averting starvation in Egypt for the next year."
...and follow the money instead...
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