The oil bonanza is not rosy for Arabs, on the contrary, the picture is bleak

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Depressing news from the Mideast that will undeniably result into more radicalization and terror 

Westerners may think that arab populations are having it so good, with the barrel of oil reaching $140. The reality is far from that. Never the picture has been so bleak, whether for their buying power, increasing unemployment, or increase of poverty level. One of the most critical issues is, rising the marriage age for girls, due to the skyrocketing apartment rents that are out of reach for many young couples. 

This is happening in Saudi Arabia and the other Gulf countries where many foreign, companies, contractors, and workers are leaving for not being able to cope with the cost increases, for the rest of the arab countries, the situation is not only bleak, it's totally unpredictable.

This is not to be looked at as simply economics. This provides the best conditions for young desperate people to fall in the net of terrorist organizations waving their deceiving slogan, "Islam is the solution."

The problem is not that the arab worker is inherently deficient in comparison to the Korean, Chinese, Indian, or any other economically advanced third world country. The problem is islam. They're proud to produce prayers instead of bread (forget about the butter), and their allah is not paying. Now they're reduced to pray for a bread loaf, in long bread lines. I hope it will strengthen their faith.

The reluctance to work for an arab muslim have its root in islam, The prophet of islam said, "My earnings are under the shadow of my sword." and the Jeziah was meant to be the bread and butter for muslims, to live on extorting and robbing other people, which they try to justify it by all sorts of religious craps. Actually islam is also the religion of robbing, stealing and extortion. Mohammad meant for muslims to live as the parasites sucking the blood of the body they live on. He never told them, "My earning is under my shovel working the land."

That's the bare truth of their culture, if we can call this a culture, which they're trying desperately to promote by pouring millions of dollars in advertizing campaigns to make the ignorant Westerner swallow. But even if they spend billions instead of millions, it will always be no more than a bacteria culture, that turns any environment where it exist, to a rotten culture.

Islam is causing their economical catastrophe, and their economical catastrophe will cause more islam and terror that will not spare the West other unpredictable consequences. According to statistics, 70 percent of the arab populations are under the age of 35, the most easily radicalized and explosive segment of any population whenever it reaches a dead end. And when you think that their hate and death cult indoctrination starts from kindergarten, as soon they can talk and hear, then you'll realize what's the reality we'll be dealing with. That's where the arab world is right now.

Depressing News from the Middle East

MIDDLE EAST TIMES

 June 13, 2008

The Middle East is accustomed to depressing news. Usually it comes with the sounds of bombs and artillery or with the crack of an assassin's bullet. But the worst news of the week came in almost silently, in the bleak numbers of accountants' reports.

How could this be, in a region where the oil price is soaring unbelievably high, gushing floods of dollars (devalued, but still dollars) into government budgets and investment funds?

There are three answers to that. The first is what economists now call the Dutch disease, after what happened to the Netherlands in the 1960s and 1970s when the bonanza of North Sea gas not only spawned inflation and wage rises but began to shrink the underlying real economy. The Dutch disease, which is now stalking Russia, has not really hit the Arab oil-exporting economies because they had so little underlying real economy to start with.

The second answer is so much of the labor force is imported, from American engineers to British teachers, German doctors to Pakistani and Indian laborers. The education, training and motivation of the home-grown workforce have been a constant and depressing disappointment.

There are exceptions: some first-class Arab managers and strategic planners, financial entrepreneurs and dealmakers. But in terms of building a real economy that makes things that people want to buy, from cars to processed foods, microchips to pipelines, textiles to furniture, the Gulf States have a very long way to go.

The third answer is implicit in the figures that spell out this week's bad news. It comes in the form of a report from the Conference Group and the Gulf Investment Corporation and it says that since this decade started seven years ago productivity has fallen in the Gulf States.

That means that the average employee is creating less wealth now than he did in the year 2000, a period when United States productivity was growing at a steady 2.6 percent a year. Compounded, that means that the average American worker is producing almost 20 percent more now per dollar of pay and investment than he was in 2000. In China, where productivity has been growing at 7 percent to 20 percent a year, the average Chinese worker is producing more than twice as much, and India about 50 percent more.

In the Gulf States, by dismal contrast, productivity outside the oil sector has fallen by 0.2 percent.

"Currently, much of the oil and gas revenues are being spent on low-productivity construction and real estate, which give only a superficial impression of affluence," the report says.

Ironically, the countries that did best in the productivity ranks were those like Bahrain and Oman, with relatively less dependence on the energy sector. They live in the real world. If and when oil prices fall again, they will have something to fall back on. The Gulf States won't.

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4 Comments

VinceP1974 Author Profile Page said:

Oh please God of Israel.. get on with your plan already and get rid of these people.

Naseem said:

Assalamu Laikum all

This is bleak news indeed.

The primary reason for this has been a undesired creeping interference of the kaffur into Islamic way of living. Democracy and shariat do not really mix. My vision has always been for the world to move to shariat lite...this is the best that shariat has to offer together with elements of democracy...this is the glue required to bring the world together.

The kaffur was responsible for removing the Kalipha and now society has been detoriating and come to this sorry state over a peroid of less than 200 years.

Allah T'allah would ensure that Kalipha knows the importance of young peoples to their society....buying your own home via mortgages is a very kaffur idea subject to variations in interest rates which in itself is a haram concept.

Obviously this situation will detoriate further before getting better...but ultimately only restoration of the kalipha will bring back the relevent checks and balances required for a sane and just society.

YOU can help by immediately going down to your local mosque...get the sahada under you belt and campaign for the kalipah.

Ruebacca said:

Mohammad did not leave much of an example for hard work. I am sure a young Suadi thinks work is for forigners. Muslim populations around the world do nothing really.

hal said:

Oh Nassem, we are not going to support anyone you tells us to support because you are a proven liar - everything you say is a lie - from Anwar's existence in heaven with his 72 raisins to you trying to get our Pity by falsely claiming that Robert Spenser expelled you from Jihad Watch when the truth is you quit them in anger vowing to never Post there again - well, no one likes a quitter, so Robert took you at your word and made it so you can never post there again - Oh Naseem, who in the world do you think will ever listen to you again? Only a very few disgruntled revisionist christians - like you, you who are also a revisionist Muslim - perhaps they do not yet realize that you are a proven liar Naseem! (even other Muslim have branded you a Liar)
But you Called me "the son of a Christian Catholic Bitch" and much worse things, revealing for all time what you think of our religion, and my mother - you also showed us a typical muslim prayer - which is really you people cursing your imagined enemies five times a day - curse away Naseem, because now it is a proven fact that your "Prayer" is nothing but a useless curse - pray to your god of cursing and murder all you want, you are not going to be able to give my mother cancer! And you are also wasting you time posting here - confess, or get off, liar!

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This page contains a single entry by ibn Misr published on June 15, 2008 10:14 PM.

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