A Very British Crisis
In 1956 Britain, France and Israel launched an illegal war of aggression against Egypt after President Gamal Nasser nationalized the Suez Canal. As in the more recent US invasions of Iraq, Afghanistan, Libya and Syria, UK Prime Minister Anthony Eden’s real goal was regime change – the removal of Nasser as president. Eden, like Bush and Obama believed the local population would welcome the foreign invasion – that they would use it to rise up and topple their leader.
The humiliation Britain faced over the Suez Crisis would spell the end of their role as the world’s foremost super power.
Part 1 covers Egypt’s war of independence, which began as a mass popular uprising against British military occupation. In 1952, a secret group of Egyptian military officers, led by Nasser, took advantage of the civil unrest to topple King Farouk, establish a revolutionary council and demand the withdrawal of British troops. When Britain and the US tried to isolate Nassar by blocking a World Bank loan for Egypt’s Aswan Dam, Nasser responded by nationalizing the Suez Canal Company (jointly owned by Britain and France). His intention was to use canal profits to pay for the dam.
Part 2 concerns the secret conspiracy hatched by Britain, France and and Israel to invade Egypt, reclaim the Suez Canal and remove Nasser from power.
Part 3 covers the brutal invasion and the armed civilian resistance that fought back against the invaders. It also reveals the humiliating circumstances that forced Britain to withdraw their troops before they ever reached the canal. Because both France and Britain hold vetoes on the UN Security Council, Eisenhower used economic warfare to force Britain to agree to a ceasefire. A coordinated attack on the British pound by Wall Street banks* forced Eden to request Eisenhower’s support for an IMF loan. The latter demanded an immediate ceasefire as a condition of the loan.
*The filmmakers are a bit fuzzy about the coordinated sell-off of the British pound that caused its value to plummet. Based on what Willim Engdahl has written about US economic warfare (see How the US Uses War to Protect the Dollar), I suspect it was instigated by the Economy Warfare division of US Treasury.