Rioting Breaks Out In Egypt
by Tyler Durden
When we reported three days ago that 59 outbound shipments of gold were intercepted at the Egypt airport, we predicted that the country’s oligarchs were proactively preparing precisely for what they knew is coming imminently. It has arrived. From Al-Jazeera: “Hundreds of protesters have begun to take to the streets in Cairo, the Egyptian capital, chanting slogans against the police, the interior minister and the government, in scenes that the capital has not seen since the 1970s, Al Jazeera’s correspondent reported. Downtown Cairo has come to a standstill, and protesters are now marching towards the headquarters of the ruling National Democracy Party. “It is unprecedented for security forces to let people march like this without trying to stop them,” Al Jazeera’s Rawya Rageh reported from the site of the protest.”
And the government is panicking:
The Egyptian government had earlier warned activists hoping to emulate Tunisian pro-democracy protesters that they face arrest if they go ahead with Tuesday’s mass demonstrations, which some have labelled as the “Day of wrath”.