Saturday August 17, 2013

I'm Predicting:

The Muslim Brotherhood has called for a week of demonstrations.
That really means nonstop take-to-the-streets violent demonstrations.
Over six hundred Egyptians have been killed. Yesterday alone the number tallied sixty.

Violence is rampant throughout Egypt. Pro-Morsi protesters have torched twelve churches in three days of rioting and attacked twenty more.

Through careful observation over these next few days we will be able to determine if the momentum is subsiding or building. We will get a sense of the direction the country is taking. A greater crackdown by the military can either force more protests or frighten the protestors sending them back to their homes.

Most Western companies have shut down their facilities and told their employees to stay at home. GM, Electrolux, BP oil and Royal Shell oil all sent their workers home citing their own safety. Electrolux, for example, employees 7000 people in Egypt and runs seven factories.

By early next week I predict that the situation in Egypt will be calmer.

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