Our dear Khale and the voodoo economics of islam

Submitted by dhimmi no more (United States), Jul 5, 2008 at 12:43

Our dear Khaled whose daddy is a diplomat and who seems to have never worked wrote

>Unfortunately for you – every time you fill up your gas tank, you can thank us! Your money is always welcome! Us GCC countries' economy are BOOMİNG. American economy going down the drain. Learn to be a man! Accept this reality =-D

Well here is your lesson in economics for today and this no more than economics 101:

1. What goes up must come down and in any economy we will have periods of business expansion followed by slow downs (and this is the tyrpical econmic cycle), recessions (eg: the economic recession of the early 1990's) and even economic depressions (eg: the great depression of 1929) and if we are not lucky we will even have infaltion (eg: the late 1979 where inflation rate was around 15% at one time) and if we are not lucky then we can even have stag-flation or stagnation and infaltion as we seem to be having in this recent economic slowdown.

2. As long as the foundation of the economy is solid (which is the case in the US) then the economy is bound to expand again. You can call it business cycles but this is the nature of the beast and it suspect that if history is any indication then the price of oil will drop to around $60/barrel. And do not forget that if the consumer cannot afford an item then he/she will consume less or will resort to other items that would serve the same purpose and in the case of gas: resort to public transportation or using other energy sources including astaghfirullal ethanol. Now if the supplier has no or less buyers he will have to reduce the price and that is indeed what happened back in 1973 so you better hold on to the dollars that you made while sitting on your butt and travelling with your daddy the diplomat

3. The real variable here is this new beast called globalization and although it mkes lots of economic sense it still has not been put to the test of real economics and the reality of the business cycles of boom and bust. But the economy is changing all over the world and here in the US the economy is becoming more high tech, finance and service. But this also means that if the cost of transporting manufactured goods from let us say China to the Us rises because of the cost of oil, Americans will start to make their own TV's and cars etc... and it would be cheaper to the consumer to buy American and this would expand the economy even more

4. We learned from the great depression that Keynesian economics really work so as has been suggested in the past 2 weeks of rebuilding the infrastructure will indeed give the economy a great boast and will get us out of the present recession

5. al-Bahrain? It is a one commodity economy and if you do not have buyers of oil you will be another basket case like the glorious Islamic country of Bangladesh and you will be back to drinking camel's urine when sick

6. So much has been made of the problem with the real estate market here in the US but we all seem to forget that real estate also has a business cycle (from boom, slow down, recession then expansion again etc...) and from history this cycle seems to be about 8 years. So I suspect that we will have another boom in the real estate market in the next 5-6 years. You see as French people say: Plus ca change plus la meme chose

7. This does not mean that we should not worry about the US economy but we should realize that it would take some work and sacrifice to get it back on track

8. And here is your bonus for today: Your Allah who had no clue that money is no more than another commodity not unlike oil which is also a commodity. Your Allah tells you that interest which is a fuction of the specualtion about the value of money as a commodity and he calls it ribba then I should also say that any increase in the price of oil based on sepculation is no more than ribba. So are you willing to give back the excess money that lazy people like you made to poor narions? I doubt it very much because Muslims are munafiqeen

So much for Allah and his voodoo economics

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