ECONOMIC JIHAD: HOW VULNERABLE IS THE $?
‘Topple the economy and you topple the Crusaders:’
The above graphic ’Fire of Jihad’ appears on the cover of the online magazine ‘Al Yaqeen.‘ The symbols in the graph of the burning World Trade Center Towers reflect the sharp decline in post 9/11 US economy.
The section in Chapter One of the Goldwatcher ‘Insight into the Post 9/11 World and the Jihad against America’ ends with the comment ’as investors we have to draw the line between the pre 9/11 world when the US was at peace and the post 9/11 world with the US at war…’
A recent article ‘War by Other Means : Econo Jihad’ addresses the sinister economic side of the conflict. The article by Professor Gabriel Weimann published by Yale Global reveals how Al Qaeda has been tuning strategy to do maximum damage to the western economy. Even as far back as 2002, Weimann writes, ‘Al Qaeda claimed its strategy was to reduce America to economic ruin.’
Jihadi Internet chatter now suggests ‘both exultation about the economic crisis gripping the west and a call for what can be labeled an “Econo-Jihad,” targeting Western financial systems and economic infrastructure. The mantra is ‘Topple the economy and you topple the Crusaders.”
Insuring against the consequences of Econo Jihad:
An insurance salesman should have no difficulty convincing us we need protection against risks flowing from the econo-jihad. And that’s where gold comes in. The section ‘Crisis and Financial Market Risk Insurance’ in Chapter One explains why, for protection against ‘the unthinkable’, we have to own and posess gold. Stateless money that keeps its value even in the worst of times.
I expect the Western economy will have the strength to resist this metastisis of terrorism and also think President Obama will prove to be a formidable protector of the interests of the U.S. and her allies. But so what?
When it comes to protecting our security it doesn’t matter what you or I think. What matters are the serious consequences that will follow if unthinkable scenarios play out and why gold is essential insurance against real risks to our financial security. These include risks to the stability of all fiat currencies including the dollar.
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