Last night Egyptian President Mohamed Morsi addressed the nation and said he would not give up the presidency of Egypt even if it costs him his life.

Egypt’s army commander and Islamist President Mohamed Mursi each pledged to die for his cause as a deadline neared on Wednesday that will trigger a military takeover backed by protesters…

In an emotional, rambling midnight television address, the president said he was democratically elected and would stay in office to uphold the constitutional order, declaring: “The price of preserving legitimacy is my life.”

The Egyptian Military had already given Morsi an ultimatum to address the concerns of demonstrators or face a “political transition.” Liberal opponents of the Muslim Brotherhood and President Morsi have called on the military to remove Morsi citing the speech as evidence that not doing so puts more lives at risk.

The opposition Dustour (constitution) party led former U.N. nuclear agency chief Mohamed ElBaradei appealed for military intervention to save Egyptian lives, saying Mursi’s speech showed he had “lost his mind” and incited bloodshed.

The opposition National Salvation Front, an umbrella group of liberal, secular and leftist parties, and the “Tamarud – Rebel!” youth movement leading the street protests have both nominated ElBaradei to negotiate with army leaders on a post-Morsi transition.

At least 16 Egyptians have already died in the conflict as supporters and opponents of President Morsi clash in the streets. The 48 hours the military gave President Morsi to solve the conflict is almost up with no clear plan on what comes after if the military removes him from office.