Egypt Riots Update: First Casualties Reported As Police Use Live Ammo Against Protesters

Tyler Durden's picture

Update: Alshaheed reports that Egyptian police in Suez has opened fire live ammunition killing Mustafa Reda Mahmoud Abdelfattah, 20 years old

The last time a scene like this happened in Greece, Waddell and Reed sold some futures. This time around, nobody even cares. In the meantime, riot police has now escalated to firing tear gas at protesters, as the riots have metastasized to Alexandria, the Nile Delta, and the cities of Mansura, Tanta, Aswan and Assiut (not without Hillary Clinton voicing her opinion, who has called the Egyptian government stable). But the most notable update is that according to reports, Jamal Mubarak has left Cairo to London while Husni Mubarak is fending off tiger sharks at the Sharm el Shekh. Unclear how much Egyptian gold either may have absconded with.

h/t Scartaliano

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66Sexy's picture

angry mobs and rioting FTW

BTFDYFI

 

should be boosting oil and gold, but of course the fed is meeting so we'll have none of that.. reality will have to wait till next weeks commodities rally.

hedgeless_horseman's picture

BTFDYFI

Let my people's bids flow!

Malcolm Tucker's picture

MUST SEE VIDEO of an Egyptian protester stand up to a water cannon truck, ALONE, and getting blasted in the face!!!

Reminiscent of "tank man" in Tienanmen Sqaure! So inspiring!

http://fedupmontrealer.blogspot.com/2011/01/egypt-boiling-over.html

In the same link there is another video of a badly beaten police officer being carried to an ambulance

flacon's picture

++++++

Thanks for the videos!

Malcolm Tucker's picture


Twitter reports that Egyptian workers at Heathrow spotted Mubarak's wife arriving in London!

Plus videos of the protests at night and ruling party members burning their membership cards!

http://fedupmontrealer.blogspot.com/2011/01/egypt-boiling-over-at-night.html

jus_lite_reading's picture

BUY THE F'ING DIPS YOU F'ING IDIOTS! BEnron WILL BUY UP THE STOCKS! WIN WIN!! ALWAYS WIN! EVERYONE RICH!

robertocarlos's picture

I laughed at how easy it was to translate YFI.

Popo's picture

The ruling family probably went to London.  They're financial-criminal "friendly" there.

 

Batty Koda's picture

Unlikely, I smell the CIA.

http://www.youtube.com/watch?v=tqX52K9fosU

http://www.youtube.com/watch?v=vp0_Bimjjlk

Egypt obviously wasn't pro-democracy enough for our exhalted leaders.

naiverealist's picture

When the signs are in english, then the CIA is involved. . . these signs are in egyptian!

TruthInSunshine's picture

YOU'RE DOING A HECKUVA' JOB, BEN BERNANKE!

Cleanclog's picture

Seems telecommunications have been taken down in a primary square of Cairo.  Can follow on twitter  @monasosh

trav7777's picture

lock up the gold, bitchez

do we have any kinda reason for this riot?

Rider's picture

 

Not really, just the price non-inflationary stuff like food and gas going through the roof.

As Timma and the other gay CNBC anchor, whose name I cannot recollect, said: "What inflation??"

whatsinaname's picture

Nary a word on the UK slipping into recession..? not even on ZH..

whatsinaname's picture

You are right. When was it out.

What I wonder though how little the FTSE was impacted by the news.

hedgeless_horseman's picture

It was because of the snow, don't you know?

nope-1004's picture

Because this is a global depression.  Get the terms straight.  :)

SheepDog-One's picture

Oh well thats 'old news' now...release date almost 4 hours ago sheesh!

SheepDog-One's picture

Why lock up the gold? Only a FOOL would want it, as all around zerohedge the calls for its certain demise are rampant. Funny though when a govt falls, everyone seems to take off with the gold.

Sophist Economicus's picture

SDO, it is obvious you don't travel much with Royalty.  

Gamal Mubarak would have taken stacks of FRN notes.   But, as we all know, those are made of linen and can wrinkle easily.    Since she's taking a unscheduled FLEE to London, she couldn't take her servants with her, so, who would iron all those notes once she arrived at her hotel?   A deposed Royal cannot be seen spending wrinkled money, hence the GOLD, silly

 

Arius's picture

got it - but still you cant eat it...correct? just asking to make sure, because you never know... perhaps, the new tungsteen type can be eatable

A Texan's picture

So, all those people saying that "you can't eat gold" are wrong.

 

Of course, now the phrase "shitting bricks" will have a somewhat different meaning.

SheepDog-One's picture

True enough, but they could have gotten around all that by simply dumping the gold for SPY futures! They should know they cant fight the FED and stocks only go up.

kdervin's picture

I saw in a short Reuters article that a lawyer immolated himself 1/18/2011 which kicked off the party.

 

http://www.reuters.com/article/idUSTRE70O4ZS20110125

Bob's picture

I have strong doubts that state force is going to avert this one. 

Dave Thomas's picture

Is this bullish for Wheat?

Popo's picture

Historically speaking, it's bullish for war with Israel.   Egypt needs a distraction badly right now.

Sophist Economicus's picture

...This time around, nobody even cares..."

What happens in Egypt, Stays in Egypt?

 

Witty, no?

Dr. Richard Head's picture

Witty and original indeed. 

I like posting on me facebook page all of the different riots of the people against the various states out in the world.  The facebook world thinks that these incidents only happen in third-world countries.  Unfortunately, the facebook crowd doesn't realize the USA fits the shoe of a third-world country quite nicely. 

How much more food and gas inflation is needed here in the US to get the people off of their asses? 

chumbawamba's picture

No.

First, it'll take a lot more than a few protestors to unseat Mubarak, as important if perhaps not more important an ally than Saudi Arabia.  The US will get involved before he's toppled.  Militarily, if need be.

Second, if Egypt does somehow fall to the People, that's it.  Secure the last of your provisions, lock the gate, and man your barricades.  The Arab world will ignite spontaneously like a cloud of interstellar gas reaching critical mass, and what happens in Egypt will eventually happen in Las Vegas.

I am Chumbawamba.

Cognitive Dissonance's picture

It's always the domino you didn't expect to fall that takes down the entire stinking edifice.

Cleanclog's picture

Agree.  And also consider Egypt to be potentially very significant.

Sophist Economicus's picture

Did you realize that Chumawamba is spelled Abmawamuhc backwards?    Makes you think, doesn't it....

trav7777's picture

not sure I'd go that far, but it would be interesting to see if Israel could resist the urge to meddle were such an eventuality to transpire.

Egypt is, however, the "moderate" regional ally with sufficient gravitas...and we have no ready replacement for them should they fall.  Certainly there is the potential here for a cold war redux of 67-73 and Egypt's collapse if it occurs would certainly embolden the rest of the region to try to reprise.

Unrest is brewing out there the likes of which haven't been seen in quite awhile.

chumbawamba's picture

Fucking hell, we may well see Israel come in to help support Mubarak.  What would he have to lose at that point?  Everyone in the Arab world knows he's a petty dictator in service of the zionist cause.  All they would be doing is putting blunt confirmation to the "conspiracy theory".

Jordan is next.  Then, ultimately, Saudi Arabia and the rest of the Gulf states.

Remember the helicopter pulling the last Americans from the Vietnamese embassy?

I am Chumbawamba.

Crassus's picture

It was an apartment building inhabited by many high ranking CIA employees not an Embassy but the image is evocative. It will ultimately come down to the loyalty of the Egyptian Army. They could go either way.

samsara's picture

1st, long time reader, great to see you posting.

You are Bang On, dead right sir.

This is NOT a sanctioned thing.  No Color Revolution(Black Rev?).

Chum, you might enjoy the humor here about how Saudi Arabia goes down and what would happen in the US.

http://www.newcolonist.com/dim_ages.html

As you said,  If Egypt goes,  Katy Bar the Door.

trav7777's picture

if this occurs, there is wider war.  The US would be forced to occupy KSA in order to preserve the petrodollar and the aggregate flow of crude.  There's simply no way around this.  In all likelihood, an invasion of Iran would ensue, Lebanon...Israel would have to mobilize into Jordan and probably would whack Syria just for spite.

Russia sits on its own oil; they would be rightly disconcerted and remember the times in which Egypt was a client State, but this is not that time. 

Egypt has been the useful tool for peace treaties and Israel recognition since the 70s.  Have been a sketchy gov't for some time...have not had quite the iron hand the House of Saud has and nowhere near the weaponry

Calmyourself's picture

Talk to people in the street in Cairo and if they talk they talk of Mubarak's repression, Sadat had nothing on Mubarak.  The whole thing will go up because the Persians will help it go up..

Don Birnam's picture

Recall that several of Rumsfeld's "dead ender" irregular enemy forces, captured in Iraq, were sent to Egypt for proper "interrogation." Extracting information the old fashioned way...Since 1981.

Batty Koda's picture

This is a CIA operation, they have been stirring up the mediterranean region for a while now. They are on a roll after their Tunisian success, their friends over at wikileaks have done them a great service, thank you Cass Sunstien.

It's the colour revolutions all over again.

chumbawamba's picture

No, it's not.  This is the real deal.

I guarantee you CIA is on the ground doing what they can to keep the throngs away from Mighty Mubarak.

Leave Arab politics to the experts, will ya?

I am Chumbawamba.

Cognitive Dissonance's picture

Now now chumba, stop playing with your food. :>)