Is Egypt Becoming a Major Geopolitical Event?

January 28, 2011
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Wow. From the Wall Street Journal:

CAIRO—Egypt’s military has deployed on the streets of Cairo for the first time in the crisis, the Associated Press reported. Parts of the ruling party headquarters in Cairo were going up in flames apparently set by enraged protesters demanding Mubarak’s ouster, the AP said.

With dusk descending on Cairo, protesters broke through a cordon of riot police guarding one of the key bridges in the center of the city and attempted to surge across the Nile River and reach Tahrir Square…

This could be the real deal. Via Reuters, “two thirds of Egypt’s 80 million people are under 30, and many of them have no jobs.”

Take that angry youth dynamic, mix in 21st century organizational capabilities via twitter and Facebook, and then season with the high cost of food.

Tunisia, Algeria, Yemen, Egypt… where next? A historically unstable region in which “strong men” have ruled with iron fists for decades is now an angry youth powder keg

As I write I’m listening to Hillary Clinton drone on as the United States tries to extricate itself from overly close association with Mubarak. Our short book is lighting up and gold and silver are surging. We had already taken partial profits on our short gold and silver plays and closed out the rest (also at a profit) on this morning’s move.

Along with all the other risks to consider, Middle East geopolitics just took center stage…

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