https://pjmedia.com/spengler/2011/11/25/looting-the-egyptian-currency-democracy-in-action/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 08:27:02 -0400<![CDATA[The ugly denouement of the so-called Egyptian Spring is visible in the collapse of Egypt&#8217;s stock exchange (down 11% in the first three days of this week) and the impending collapse of the Egyptian pound, as residents and foreigners flee to hard currency. A unique sort of brutality characterizes Egypt&#8217;s currency crisis: banks cannot meet the demand for currency because it is impossible transport bank notes. Mobs hijack the armored cars, as Al Ahram reported today:]]>Fri, 25 Nov 2011 06:10:35 -0500<![CDATA[David P. Goldman]]>https://pjmedia.com/david-p-goldman/2011/11/25/looting-the-egyptian-currency-democracy-in-action-n130635