|Home | Cover | America | World|
The Leftist/Marxist – Islamist Alliance
Nationalization: A Plan for World Domination
By David J. Jonsson
Monday, May 28, 2007"During times of universal deceit, telling the truth becomes a revolutionary act."
We are witnessing how nation states are increasing using nationalization as a tool for world control of energy production, energy transportation, basic products and financial assets for control. It appears that the actions of Russia and China combined with pawns the Islamist states and the Leftist governments in Latin America are coordinated in their actions. Initially the nationalizations were occurring within the countries, and recently these actions have extended into the EU and the U.S.
In many cases the immediate result has the increased rewards to the sellers of EU and U.S. companies to the foreign state owned entities. The EU and U.S. investors, the populous and their compliant governments fail to realize the long term implications of the sale to the totalitarian regimes.
The funding of these foreign totalitarian Islamist, Marxist and Communist states has come from the disastrous financial performance – balance of trade, outsourcing and fiscal deficits and energy dependence on Islamist and Marxist states. The actions have been further facilitated by the banks and financial advisors seeking immediate financial gain. These actions have also led to acceptance of Shariah law applied to the financial sector as a step toward gradual Islamization of the countries.
Who are the players and what are the recent actions?
Living in Bubble Land
We live in a virtuous circle world predicated on the belief that credit will continue to sustain economic growth. The total outstanding value of all derivatives has surged to over $400 trillion in 2006; rising a third since 2005, from a total of $297 trillion, says the Bank of International Settlements. When a market grows almost 40 percent in a single year to $415 trillion, regulators are bound to get a little nervous. The guardians of financial stability are all too aware that many of these securities haven't yet had to prove their ability to withstand a shock.
China's Equity Bubble
Stephen Roach of Morgan Stanley commenting on the May 22 Jack Crooks Daily Forex Commentary:
"China's equity bubble is an offshoot of this same problem. Washington's China bashers appear to be drawing on the same game plan of forced currency revaluation that wreaked havoc on the Japanese economy in the 1990s. As was the case with the endaka (strong yen) of the late 1980s, Yuan appreciation is now taken as a given by domestic and international investors - only questions of degree and timing remain unanswered. There is an eerie similarity between currency-driven outcomes in the two equity markets. In both cases, one-way currency bets turned equities into the asset of choice for the "hot money" of liquidity-fueled investors. Is it a coincidence that China's A-shares began their recent run only a few months after the pegged-currency regime was abandoned in July 2005? Similarly, was it a coincidence that the Japanese equity bubble emerged in the late 1980s in the aftermath of a Plaza accord that steered the yen/dollar cross rate from 254 in early 1985 to 145 in early 1990? Given the lack of alternative assets in a still undeveloped Chinese financial system, the equity bubble may be even more of a foregone conclusion in China than it was in Japan."
Where is all this liquidity coming from? East Asian emerging economies are mostly creditor nations. Moreover, much of their accumulation of external assets is in official hands. By February of this year, the foreign currency reserves of east and south Asian countries had reached $3,280bn, up by $2,490bn since the beginning of 1999. If a substantial part of the world economy is generating huge current account surpluses, somebody else has to run offsetting deficits. The result will be toward increased protectionism. It also leads to the goal of the nationalization. Finally, it compels US monetary authorities to sustain easy monetary policy, in order to offset the leakage from domestic demand caused by the huge current account deficits. These trends are not desirable or sustainable.
Last year, for example, the biggest source was China. In the 12 months that ended in January, China accumulated $259 billion in reserves, bringing its total then to just over $1.1 trillion. Cash is flooding into the economy. Foreign-exchange reserves rose by a record $136 billion in the first quarter to $1.2 trillion, the most in the world, the central bank said. The rise in assets is fueled by exports that are so cheap that foreign exchange reserves are growing at a rate of $1 million a minute. The recycling of most of those reserves into U.S. Treasury bonds is a major factor keeping U.S. interest rates low. And that has helped the private-equity groups pursue a wealth of corporate operations that once might have seemed out of bounds.
BusinessWeek reports that there are worries in Asia, the Middle East and elsewhere that the U.S. has become an economic underachiever and the "weakest link in the global economy." The International Monetary Fund went so far as to warn in its most recent World Economic Outlook that one of the biggest uncertainties is "whether the global economy will be able to decouple from the U.S. were the latter to slow down more sharply." And this in part explains why such a close American ally as Kuwait feels the need to unhook its currency from the U.S. dollar, as the Persian Gulf emirate announced Sunday. That link has been dragging down Kuwaiti purchasing power as the dollar sank against the euro and other currencies, and the move to sever that dinar-dollar relationship is one other Gulf countries are thought to be looking at as well. Most Persian Gulf oil producers -- long allied with a protective U.S. -- are moving closer to China and its neighbors, a trend exemplified earlier this month by the East-meets-Mideast conference in Riyadh co-hosted by Saudi Arabia and Japan. The actions of Russian, Iranian and Central Asian players in the petroleum business have also raised questions about the dollar.
The Middle East - The Role of Islamic Finance
Not long ago, Islamic Finance was widely regarded as a specialized, if not obscure, backwater of global banking. On May 23, 2007 the Financial Times published an outstanding special FT Report – Islamic Finance. The lead article By Roula Khalaf and Gillian Tett, Financial Times was: Backwater sector moves into global mainstream.
The UK, now home to two Islamic banks, is vying to become a center for Islamic finance. Sukuks, or asset-based Islamic bonds, are being marketed to international investors.
The new demands for the recycling of capital flows caused by the rise in the oil price have fueled an unprecedented economic boom in the Middle East. These events have been met with innovation in the provision of Islamic financial products, offering ingredients, for the first time, for a larger scale industry.
The history of modern finance is littered with numerous examples of financial booms and busts, where financiers have dashed en masse into new immature, fragmented and opaque markets - producing subsequent scandals when it emerges that a host of shaky business practices underpinned this investment mania.
And while no major scandals involving the Islamic finance sector have come to light so far, the boom in the industry has occurred amid a much wider credit bubble in global financial markets.
"Right now we have a credit bubble - you can sell almost anything to anybody, including in the Islamic finance world," says one investment banker. "People should certainly be asking hard questions about financial practices in the Islamic finance sector."
Islamic Economics – The Hard Questions
In 2006 I wrote the book Islamic Economics and the Final Jihad: The Muslim Brotherhood to the Leftist/Marxist - Islamist Alliance in which I wrote about the history and expansion of the use of Islamic Economics as a weapon for world domination. The concepts for Islamic Economics were further developed in my article from the Global Politician on December 20, 2006; Islamic Economics and Shariah Law: A Plan for World Domination.
The Plan involves the incremental acceptance of basic tenants of Shariah law as applied to all aspects of life--the Islamic "Way of Life". This implies the desire to incrementally change the laws and ultimately the Constitution of the U.S. It is already leading to the change of the laws in the UK.
Andrea Williams writing in the Financial Times on April 26, The implications of Islamic bonds are far-reaching, commented on the article in the Financial Times of April 23 UK to issue west's first Islamic bonds. Shariah compliant bonds have hitherto been issued by the governments of Pakistan and Malaysia and also by corporate issuers around the world, but never by a western state.
"The [UK] government may be attracted by the prospect of money from Muslim investors, but it seems it has not considered the implications of using bonds that comply with Shariah law. Shariah law does not simply prohibit interest and finance speculation; it stipulates that money must not be used for a purpose incompatible with Islam."
"This could include any number of areas of the financial market, such as alcohol and cigarettes, clothing, food, media (which produces gossip), and animal welfare (which promotes the welfare of non-halal animals). It would also mean this money could not be used in the furtherance of many individual freedoms, or in the promotion of any idealistic or political worldview other than Islam (including secular democracy)."
"The government appears to be overlooking the implications of allowing a proportion of UK government finance to be determined by a law not recognized in the UK. It is of particular concern that there has been no parliamentary scrutiny of this issue. For example, if these bonds are introduced, it is not clear who will be the arbiter of any disputes. The bonds are religious agreements, and disputes that arise will often involve a question of interpretation of Shariah law."
There is no question that many Muslims whether they are Sunni or Shiite decry terrorism and are loyal Americans; however, most Muslims subscribe to the Muslim total "way of life" and desire to have the whole world under Islamic rule and the will of Allah. Combining a "way of life" into an economic system is proving to be more powerful than any other in having a global impact and spreading Islam on a global basis.
Islamic Economics is the stealth sword of Islam
Islamic Economics is the stealth sword of Islam. It is more powerful than the Weapons of Mass Destruction and terrorism. It is immune to negotiation. The stealth sword is being applied for the Islamization of the West and the whole world. The goal is to create the "Islamic kingdom of God on earth." The implementation of Shariah law would have a dramatic affect on your life and that of the entire Western Civilization. Understand the nature of the evil and do not be blindsided.
The twentieth century has witnessed the emergence of an economic doctrine that calls itself Islamic economics. The doctrine is significant because it advances the sprawling and headline-grabbing movement known as political Islam, Islamic fundamentalism, Islamic Finance, or simply Islamism.
The movement is having a profound impact. The Islamic windows of major banks that incorporate the principles of Islamic economics represent the fastest growing sector. The banks, based on the principles of Islamic economics, raise billions of dollars in the form of Islamic bonds (sukuk) annually. Banking laws in Islamic and Western countries are changing to accommodate Islamic economic rules. The Dow Jones Islamic Stock Index and in April 2006, Dow Jones and Citigroup announced the launch of the first Islamic Bond Index. The Dow Jones Citigroup Sukuk Index is the first index that seeks to measure the performance of global bonds complying with Islamic (Shariah compliant) investment guidelines.
For a more complete discussion of the implications of financing with Sukuk bonds see my paper Structural Changes–Destruction Of The U.S. Dollar.
Mawlana Sayyid al Abdul-Ala al-Mawdudi - Islamic "Way of Life"
(Mawlana) Sayyid Abul A'la Al-Mawdudi (1903-1979), one of the chief architects of contemporary Islamic resurgence, was one of the most outstanding Islamic thinkers and writers of his time. Mawdudi is credited with bringing economics within the purview of religion in the mid-twentieth century. He had a broader goal of defining a self-contained Islamic order.
He sought to turn Islam into a complete "way of life." In his voluminous writing, Mawdudi exhorted that Islam is much more than a set of rituals. It encompasses, he argued, all domains of human existence, including education, medicine, art, law, politics and economics. To support this assertion, he laid the foundations of several Islamic disciplines, among them Islamic economics. Sayyid Qutb (1906-66), an Egyptian, Muhammad Baquir al-Sadr (Mohammed Baqir al-Sadr) (1931-80), an Iraqi, and Professor Dr. Yusuf al-Qaradawi, an Egyptian, also made seminal contributions to Islamic economics.
The Role of the Muslim Brotherhood
The Muslim Brotherhood (al-Ikhwan al-Muslimun) was the main motivator behind setting up experiments in Islamic financing on a nationally and internationally workable scale. The theory and practical requirements needed to set up an Islamic banking system came from among the ranks of the Ikhwan.
"Allah is our objective. The Prophet is our leader. Qur'an is our law. Jihad is our way. Dying in the way of Allah is our highest hope."--Muslim Brotherhood
The Muslim Migration
I might add that according to the May 23, 2007 article by Edward Luce from the Financial Times in the article: Muslim Americans in line with US values:
In a survey conducted by the Pew Research Center, one of America's most respected polling groups, found that America's 2.4m-strong Muslim community are far more assimilated and integrated into their adopted country than their counterparts in Europe.
"Nationalization by immigration" - Implications of Amnesty for Illegal Immigrants
Unfortunately, it shows that although American Muslims are assimilating and building prosperous lives they are not uniformly believers in America first. This has far reaching implications with respect to amnesty for Illegal immigrants. The protests, demonstrations and marches for granting amnesty include organizations from the Leftist and Muslim communities. "Nationalization by immigration" is by not uniformly believing in America First and is a form of setting up a nation within a nation.
People from 43 so-called "countries of interest" in the Middle East, South Asia and North Africa are sneaking into the United States, many by way of Texas, forming a human pipeline that exists largely outside the public consciousness but that has worried counterterrorism authorities since 9-11.
These immigrants are known as "special-interest aliens." When caught, they can be subjected to FBI interrogation, detention holds that can last for months and, in rare instances, federal prison terms.
The 43 countries of interest are singled out because terrorist groups operate there. Special-interest immigrants are coming all the time, from countries where U.S. military personnel are battling radical Islamist movements, such as Iraq, Afghanistan, Somalia and the Philippines. They come from countries where organized Islamic extremists have bombed U.S. interests, such as Kenya, Tanzania and Lebanon. They come from U.S.-designated state sponsors of terror, such as Iran, Syria and Sudan.
Are Muslim Americans Supporting Their New Land?
"What this survey shows is that Muslim Americans are largely assimilated, happy with their lives and moderate - mostly in contrast to Muslims in Western Europe," said Andrew Kohut, head of Pew. "They also reject Islamic extremism to a much greater extent than Muslim populations elsewhere in the world."
"Thirteen per cent of American Muslims believe that suicide bombing is justified in some circumstances, which is sharply lower than comparable findings among European Muslims and those in Muslim-majority countries. However, the proportion of Muslim Americans under the age of 30 who believe suicide terrorism is sometimes justified rises to 26 per cent, compared with 35 per cent in Britain and 42 per cent in France."
Think about it: Thirteen per cent of all American Muslims believe that suicide bombing is justified in some circumstances. That is 325,000 of all American Muslims believing suicide bombing is acceptable in some circumstances. Then apply this to the EU and consider the potential risk to Eurabia. Remember 9/11. It was only 19 terrorists affiliated with al-Qaeda that hijacked four commercial airliners on September 11, 2001.
The Leftist propaganda would have you believe that the cause of Muslims believing that suicide is justified is because of poverty should further look at the results of the poll. "Forty-two per cent rated their personal financial situation as excellent or good, compared with 49 per cent of Americans in total. Only 2 per cent of US Muslims are in the low-income bracket, compared with 22 per cent in Britain and 18 per cent in France and Germany."
"The survey, which screened 55,000 Muslim Americans, found the under-30s were far more likely than the older generations to describe themselves as Muslim first and American second and were far more likely to attend a mosque weekly."
"It found that African-American Muslims, most of whom are converts to the religion, were more radicalized than other Muslim Americans. Only 36 per cent had a "highly unfavorable" view of al-Qaeda, compared with 58 per cent among Muslims as a whole. "African-Americans are clearly the most disillusioned section among Muslim Americans - and they are also much more skeptical of American values," says Mr. Kohut."
"Muslim Americans account for just 0.6 per cent of the US population, compared with 5 per cent or more in France and Germany."
Jihad is considered a required religious duty for Muslims. Jihad is Islam's normal path to expansion.
Nationalization of Strategic Assets