Tags: Islam | OECD | risk | financial

Investors Waking up to Islam as an Investment Risk Factor

Monday, 29 Apr 2013 08:12 AM

By Denis Kleinfeld

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What would happen to the markets if King Abdullah of Saudi Arabia is overthrown by jihadists?

Or Sheikh Hamad bin Khalifa Al Thani of Qatar? Or Sultan Qaboos bin Said of Oman?

What would happen?

The United States and the rest of the not-yet-Islamic-controlled countries of the world are faced with three financial exposures to Islamic jihadists.

First: How does the fall of the current Islamic countries impact "our" investments in "their" country?

Second: What would happen with "their" investments in "our" country?

Third: What are the consequences to the American and global economy?

Declassified: ‘Financial War’ Could Wipe Out 50% of Your Wealth

Mahatma Gandhi is quoted in Catherine Clement’s book Gandhi: The Power of Pacifism as saying:

While Hindus, Sikhs, Christians, Parsees and Jews, along with several million adherents of an animistic religion, all coexisted in relative harmony, one religion that would not accept compromise stood out from the rest: Islam.

It is readily apparent that this observation, while currently politically incorrect, is still true today.

Countries that are demographically over 50 percent Islamic are strictly subject to Islamic law. Those with less of an Islamic population are progressively influenced by Islamic law until a critical mass is reached.

The list of Islamic-controlled countries is rather lengthy. Many are the oil-producing jurisdictions. Others have political/military strategic importance. None have any realistically free-market capitalist economies. None have a legal system based on individual rights and the enforcement of personal choice.

The differences between the strict Islamic thought process and that of everyone else are decidedly different and irreconcilable.

The Islamic world may reasonably be characterized as being a rather hostile place, where only dictators, thugs and despots trying to ward off being removed from power enforce peace within a country.

They certainly do not want to wind up like Saddam Hussein, Muammar Gaddafi or Hosni Mubarak. So far it is estimated that 70,000 Syrians have been killed while Bashar al-Assad fights to stay ruler of Syria. The jihadists are, obviously, willing to take whatever losses are needed to achieve victory.

It is more complicated than it seems. The fighting going on is not just within Islamic countries, it is also between countries. Yemen has protesters in the streets wanting the ouster of President Abdu Rabbu Mansour Hadi (who took over from ousted President Ali Abdullah Saleh), the United States is sending in drones to kill targeted enemies and the Saudi's are likely to expel 300,000 Yemenis from Saudi Arabia, as they are seen as a threat to the monarchy and royal family.

What Islamic countries are at risk of becoming a jihadist state?

It's a rather long list but some are: Kuwait, Oman, Bahrain, Qatar, Tajikistan, Turkmenistan, Azerbaijan, Pakistan, United Arab Emirates (Dubai and Abu Dhabi), Indonesia, Malaysia and a contingent of countries in Africa such as Nigeria.

Frighteningly, no Organization for Economic Co-operation and Development (OECD) country — basically the United States and Europe — seems to have the will to confront Iran. A nuclear-armed Iran is likely the biggest game changer to world safety since Russia managed to get their hands on the bomb after World War II.

But Russia was run by political leaders who wanted to live. Iran is quite the opposite.

In the meantime, the OECD countries are doing all they can to support Islamic regimes that are actively hostile to their self-interests. Saudi Arabia is lauded for its cooperation with the United States in sharing selective information, but overlooked as the main funder of jihadist organizations. When the Saudi royal family is eventually deposed, funding of jihadist will remain, but the information cooperation with the United States will not.
 
Declassified: ‘Financial War’ Could Wipe Out 50% of Your Wealth

Wall Street is entirely focused, as they should, on selling investors on the "market." After all, their obligations are to sell investments that are "suitable." They're not fiduciaries.

Investors must realize that the computerized trading doesn't take into account the dramatic events that are unfolding and unspoken. The word Islam and jihadist is not even mentioned for fear of being labeled as anti-Muslim and thereby an outcast from American society.

Financial catastrophes and investment losses do not recognize being politically correct or not.

Is there any doubt that the war and violence between the two major rival Islamic groups and between Islam and everybody else has continued unabated since the seventh century?

As a local or regional conflict, it was understandably discounted by investment market professionals. But that is no longer the case.

Forced by the United States and the other OECD countries, the financial world is tightly intertwining and integrating their financial and tax systems. There is no longer the safety cushion of being independent.

The conflict between rival Islamic jihadist and between Islam and the non-Islamic states looms large.

As a global financial risk factor, the war on the free world by Islam, and the readily apparent consequences, can no longer be rationally ignored.

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