IS ISLAM A RELIGION OF PEACE?

ISIS is attempting to model “Orthodox Islam,” and Islam says they are a “religion of peace. But we need to understand that they don’t consider peace like a westerner would. They only mean that peace will come after they have conquered the world and all people submit to Allah and Sharia Law. The Koran prescribes violence until then. This is an incredibly important nuance to understand and explain to others. Muslims only tell the world half the story.

Irish Muslim leader, Raied al-Wazzan, who has brought charges against an Irish Pastor who dared preach against Islam had this to say about the city of Mosul in Iraq after ISIS conquered it:

“Mosul is the most peaceful city in the world . . . the Islamic State came to protect a section of society that had been marginalised.” Mind you this is after Jihadists had murdered or expelled all of the city’s 2,000-year-old, 60,000-strong Christian community.

This Muslim leader further stated that Sunni Muslims (who agree with ISIS) could now walk the streets of Mosul without fear. This is the “peace” Muslims claim: totalitarian control and the conversion or murder of Christians and everyone else who doesn’t pledge submission to the Caliph. That is the peace they are looking for. Islam is the most violent ideology on the planet towards those who don’t submit to it.

This aspect of Islam is challenging to Christians who don’t want to believe that the Muslims they befriend and work with accept this violent ideology. The correct answer is that all don’t. There is a reform movement in Islam that attempts to distance itself from “Orthodox Islam,” because human conscience naturally rejects violence against innocents. However, it is important to understand that these reformers are rejecting their own scriptures and the “model” life of their prophet.

What’s ahead for us all in 2015.

Vern Gowdie of the “The Daily Reckoning” produced by Port Phillip Publishing (Financial News and Analysis Publications) wrote this article today “Its an Upside Down World”. He certainly tells it like it is and paints a bleak future, no a catastrophic future ahead.

Vern Gowdie The Daily Reckoning

A man secure in his faith need not fear the words of a blasphemer. A fanatic must hide from the truth wherever he suspects it.’  Author unknown

The US markets may have risen overnight but the world is very much poorer for the events that have occurred in Paris.

Slaying 12 people because they had the ‘temerity’ to express an opinion is barbaric. Freedom of expression and the sharing of opinions (whether you agree or disagree with them) is what gives rise to a richer society. One that is rich in knowledge, tolerance and ideas.

Using fear and intimidation to stifle the robust exchange of views has the capacity to make our society more insular. It is our hope that the brutal and cruel actions of a tiny minority do not succeed in this objective. Sadly, I think people will, at least in the near term, be more guarded in their views for fear of becoming the next victim.

Our thoughts and prayers are with the families and loved ones of the victims of this senseless atrocity. We stand with you and with the ideals of free expression— whatever that expression may be— that the journalists and cartoonists of Charlie Hebdo fought and died for.

At The Daily Reckoning, we will not succumb to fear…and promise to continue bringing you our uncensored views, from business and finance to geopolitical events.

The opening quote, by the way, was sent to me by Bernd Struben, the DR’s Managing Editor. It’s from a newspaper cut-out his mother kept tacked to the family refrigerator when he was growing up. It makes you wish more people were secure in their faith. And it tells you the three cowardly terrorists in Paris are riddled with doubts about their own fanatical dogma.

Now let’s move on from these events to something closer to home.

Maybe I’ve become a grumpy old man, but the world makes less sense to me these days.

People pay good money and endure pain to permanently disfigure themselves by putting indelible ink all over their bodies. Then, some pay even more good money and endure even more pain to have the ink (partially) removed.

People with no other talent other than blatant self-promotion make millions from narcissism. What does it say about society that these people attract an audience?

People turn a baseball cap backwards, mumble into a microphone and get paid millions for pumping out (c)rap. Reality TV creates instant fame for the most obnoxious people.

Some people have no shame or manners for that matter, yet society puts them front and centre, on magazines, TV promos etc., and the crowd goes wild. What sort of message are we sending?

Political leaders who dare mention the concept of living within our means and paying down debt see their approval ratings plummet to a level that’s on a par with Ivan Milat.

I don’t get it.

The world is being dumbed down in oh-so-many ways. Experienced teachers are voicing concern over the watering down of curriculum content, not to mention the lack of respect and discipline from a growing percentage of the student body.

A dumb society makes dumb choices and accepts dumb decisions.

Perhaps this explains why the financial world no longer makes sense to me.

A 22 year old invents a virtual reality headset that enables people to play more realistic games and Facebook pays him US$2.8 billion for it. What’s the going rate for the cure for Alzheimer’s?

Twitter (a narcissist’s must-have) is valued at US$23 billion. I wouldn’t give you a hundred bucks for it. I’ve never used it and my life is none the poorer for not knowing what self-absorbed people are doing every minute of the day.

My grumpy old man rant could go on — Uber, Facebook, Alibaba. Sure these companies have a value, but not the stratospheric ones that are currently — and I stress, currently — applied to them.

This is the upside down, valueless society we currently — and again I stress, currently — live in.

There’s a scene in Remember the Titans where Gerry Bertier (the white captain of the football team) accuses Julius Campbell (one of the African American players) of having a bad attitude. Campbell replies, ‘Attitude reflects leadership, captain.’

And so it is with the attitude of today’s society.

For forty years, the Western world lived beyond its means, borrowing to fund a lifestyle we had not earned. The GFC was the moment when the natural order of the universe had had enough.

Instead of heeding this call, our leaders put on earmuffs, hummed loudly and continued on as if nothing had happen.

Were those responsible for bringing the financial system to its knees held accountable? Hell no, they were given trillions to recapitalise and go back to business as usual (and along the way pay the token billion or three in fines from the multi-billion dollar profits they’ve been making).

Politicians continue to think money grows on trees (and to a large degree, the central bankers confirm it) and go on making promises that in the longer term cannot be met.

Japanese PM Shinzo Abe is the pin-up boy for spendthrift politicians. Abe-san knows no bounds on how to conjure up money to pay for mounting interest, welfare, health and energy costs. Given the lacklustre turnout at the recent Japanese elections, my guess is most Japanese realise they are damned if they do and damned if they don’t. So what the heck? — let Abe write his name in the ‘Catastrophic Disasters’ chapter of the economic history books.

Then we come to the leadership of our central bankers. These folks have enough letters after their names that you’d think they’d know better. Unfortunately, none of those letters spell c-o-m-m-o-n s-e-n-s-e.

Central bankers, in their effort to keep in play an economic model well past it use-by date, have turned the world of asset values upside down. Economic growth derived from wanton, credit funded spending is not sustainable.

In our upside down investment world, Japanese 10-year bonds are paying a measly 0.3% while Japan’s inflation rate is averaging around 1.5%. The Bank of Japan’s (BoJ) ability to print an unlimited amount of yen to finance Abe’s grand plans has completely distorted the bond market. Is this phenomenon permanent or temporary?

Likewise, we see the US share markets (S&P 500 and Dow Jones) soar to record highs during the most anaemic economic recovery since WWII. The wind beneath the market’s wings has been the Fed’s provision of plenty of cheap dollars to Wall Street. This is why multi-billion dollar valuations can be placed on tech companies that offer questionable value to society.

The following extremes in long term valuation metrics indicate how far from the norm we have strayed.

Valuation metric Current Historical Mean Year historical Mean measured from Deviation from Mean
Shiller PE 10 27.2x 16.6x 1870 +64%
Market Cap/GDP (the Buffett Index) 123% 69% 1950 +78%
Tobin Q Ratio 1.14 0.68 1900 +68%

The average deviation from mean is 70%. This is in the seriously over-valued territory where only the rarest and most infamous of markets have ventured — 1929, 2000 and 2007.

We may currently live in an upside down world, but the laws of mathematics remain the same — reversion to the mean is tried and true. The euphoria of ’29, ’00, and ’08 was short lived; the stratospheric prices soon returned to earth with a resounding thud.

The dumbing down of society has enabled our political and financial leaders to carry out this fraud in broad daylight. Mainstream economists not only endorse but actually encourage these hare-brained stimulus strategies.

Far too many people have little idea what is actually going on. So long as they can continue to buy tattoos, watch reality TV, play mindless computer games and listen to (c)rap while enjoying free health coverage and collecting welfare then all is okay with the world and woe betide anyone who wants to turn the world right side up.

Well folks, a reversion to the mean is coming, and when it does, the world is going be far meaner to a lot of people.

My gut feeling is the corrective activity the universe has destined for us will be of such a magnitude that it will change society for generations to come.

And when it does, this grumpy old man will be a lot happier.

Wake up call: Australian Muslims call for Caliphate

Post on Caliph Lakemba to Gaza

People march in Sydney in protest over Israeli attacks on Gaza. Picture Toby Zerna Also a couple of hundred men marched past the Lakemba Hotel in Sydney, Australia a week ago chanting their support for Gaza and with it a threat. Here is what they shouted while waving black flags of Jihad Palestine is Muslim land

The solution is Jihad …

You can never stop Islam From Australia to al Sham (Syria)

One umma (Muslim community) hand in hand From Lakemba to Gaza

One call “khalifa” (Caliphate) – (read my previous post)

Andrew Bolt of the Herald Sun tells it as it is : That chant is a wake-up for a political class now too cowed or craven to judge between the civilized and the primitive. Our cultural and political institutions have also surrendered our values, or made them seem no better than some we’ve imported so recklessly. Just last week, the N.S.W. Community Relations Commission chairman, Vic Alhadeff, a Jew, had to resign for simply noting Palestinian terrorists were firing rockets at Israeli civilians, and Israel would naturally “do whatever is needed to defend its citizens”. Yes, supporting a Western democracy against an Islamist terrorist tyranny now makes you unfit to foster proper community relations. WAKE UP PEOPLE SUPPORT POLITICIANS THAT SEE THE THREAT AND ACT.

The proposed changes to section 18c of the Racial Discrimination Act put forward by Senator Brandis would have helped people speak out against this threat, sadly the government gave in to the minority voices again.