Morsi calls Jews the “descendants of apes and pigs”, a racist way that the Koran refers to Jews, taking this out of the realm of a foreign policy difference and into old-fashioned racism. This is not even about Israel, it’s about Jews, as becomes obvious when Morsi says, “They have been fanning the flames of civil strife wherever they were throughout history.”
The Egyptian pound is down to its lowest level against the dollar in eight years and Egyptians are scrambling to convert pounds into dollars. Currency reserves are at 15 billion, just enough to cover three months of food imports, as Egypt is a food importer. And Egyptian banks are bringing in dollars from abroad while stocks are falling.
50,000 Islamists marched through the provincial capital, Assiut, chanting that Egypt will be “Islamic, Islamic, despite the Christians.” At their head rode several bearded men on horseback with swords in scabbards on their hips, evoking images of early Muslims conquering Christian Egypt in the 7th Century.