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Tuesday, 31 May 20:07 (GMT -05:00)



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Islamophobia: Real Enemy Or Western Fiction?

Islamophobia: Real Enemy Or Western Fiction?

 

The leading western mass media - The Guardian, The Financial Times, The New York Times, Forbes – revealed the shocking results of the report by Triangle Centre on Terrorism and Homeland Security, which specializes in studying terrorism and national security.
 
According to the report, it turns out that Islamists present little threat to the US national security. In 2011 only 20 US Muslims were accused of terrorism. Out of 14 000 murders committed in the USA in 2011, none was committed by a terrorism suspect. The bottom line is that the US Islamophobic sentiments are groundless. At least this is what numerous journalists and political scientists say.
Meanwhile, Islamophobia has turned into a major concern in the USA. Muslims are more frequently treated as enemies.

 

 

 

 
Islamophobia
 
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert, the notion was introduced by Etienne Dine in the1920s. it meant a negative attitude towards Islam and the Muslim culture.
 
In the 1990s this notion became widely used in and Europe. It was used to describe the negative attitude towards a wave of migration from Muslim countries and the immigrants’ reluctance to assimilate. After the 9/11 attack, the notion instantly migrated overseas, thus acquiring more general meaning: since then Islamophobia has been associated with terrorism and national security.
 
The situation in the USA is far more complicated and controversial than in Europe. There are many differences:
Positive:
1.        The USA was created by emigrants. That is why American citizens cannot condemn other emigrants who want to become Americans, whatever religion they practice.
2.       Dissidents (i.e. representatives of persecuted religious confessions) took shelter in the USA and contributed much to the country’s development.
3.       Territorial, ethnic and religious communities play a huge role in the USA, like in other federative states.
4.       Historically, Americans have other negative stereotypes concerning other nations, ethnic unities and races. Moreover, the Muslim community in the USA is relatively scanty in comparison with Europe.
Negative:
1.       The USA’s melting pot, unlike Europe’s multiculturalism, is aimed at creating a single American nation with similar language, culture, values and history.
2.       The US emigration laws are tough. It is much easier to deport a “persona non-grata” from the country.
3.       The Protestant Church is very strong in the US. It is not so peaceful and tolerant towards other religions (It is not accidental that American Protestant pastors burn the Koran in public).
4.       US citizens are very sensitive about their own and national security.
 
Europe is considered the cradle and stronghold of Christianity. In the past Europe had many confrontations with Muslim countries. It is sufficient to mention the Reconquista and numerous crusades.
Xenophobia was a common attribute of the Old World. It was indirectly supported by Catholic Church and a number of European philosophers. Eventually it gave birth to Nazism, which (as we know) resulted in the world’s most terrible and devastating war of all times – World War II. Europeans have never looked tolerant towards Muslim emigrants. The situation changed after WWII, when Europe was devastated and lacked labor power. Therefore, they had to encourage emigration.
In the 1960s European colonies received independence. Their population got the privileged right to receive residence permits in Europe. It was done in order to preserve the economic and political ties. As a result, thousands of Algerians and Tunisians came to France, Pakistanis and Bangladeshis came to the UK, Somalis and Libyans migrated to Italy, Moroccan started migrating to Spain . The family reunion law allowed any European citizen who was born by emigrants to invite all his relatives for permanent residence.
And finally, Europe is much closer to the Muslim World than the USA.
 
Today there are over 15 million Muslims living in the EU: The Netherlands – 10%, France – 6-7%, Germany and Switzerland – 5%, Great Britain – 3%. However, if to consider the age factor, for example, in Germany Muslim children account for 22% of Germany’s population under 15 years. It means that almost each 4th child in German schools is a Muslim.
It should be noted that Europeans blame Muslim emigrants for sponging and neglecting local traditions and culture. Emigrants and their offsprings seem to face discrimination when trying to apply for a job or to continue their education. For example, the rate of unemployment among UK emigrants is 20% (vs 6% around the UK). It is 21% in Germany (vs 8%) and 22% in France (vs 13%). Over 75% of German Muslims do not continue education after finishing school.
 
Islamophobia: Cui Prodest?
 
1.       Political elite. They want to distract people for burning problems (poor economic performance, inflation, unemployment etc).
2.       National parties and movements. They get an opportunity to use Islamophobia to consolidate their position in the political arena.
3.       External powers. It is beneficial for the USA to encourage Islamophobia throughout the world – in Europe, China, Russia and other powers – because in this case they will support (or at least won’t oppose) its military campaigns in the Middle East. For China, it is about the Uigurian separatists. For Russia, it is about the Northern Caucasus. And finally, it is vital for Israel as. Jews have always confronted the Muslim World. Now the USA and Europe are its major allies in the Middle East.
 
 
Market Leader and Masterforex-V Academy would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following question:
What is your attitude towards Islamophobia?

 

You are free to discuss this article here:   forum for traders and investors

 

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U.K. Counts Possible Financial Losses In Case Of Brexit

More and more experts and observers start speculating on the possible fate of the United Kingdom in case of the so-called Brexit, which stands for the British exit from the European Union. They keep on trying to predict the financial losses awaiting the U.K. people down the road if they dare quit.

 

 
Publication date: 26 May 09:56 AM

U.S. Energy Sector Sees More Defaults

According to several online sources specializing in the U.S. energy sector, the amount of businesses in the U.S. energy sector that went bankrupt in 2015 increased all the way up to 13%. The sources rely on the results of the resent research conducted by Fitch. Back in 2014, the similar figures used to be under 2%. On top of that, the experts are sure that by the end of 2016, the amount of bankruptcies among U.S. energy companies is going to reach 20%.

Publication date: 26 May 07:32 AM

Another Interest Rate Hike by the Fed Expected In June

Some representatives of the international expert community remind us that the Fed is going to go back to discussing the possibility of another interest rate hike in the near future. This discussion is going to take place during the forthcoming FOMC meeting in June. They say that the markets are wrong when expecting the same interest rate for the 4th month in a row.

Publication date: 17 May 05:42 PM

Saudi Arabia Wants Less Dependence On Crude Oil

Not so long ago, a representative of the Saudi King’s was reported to have introduced a new development plan for Saudi Arabia until the year of 2030. It is named Vision 2030. The plan reveals the local authorities’ intention to introduced some fundamental changes to the country’s economy and financial system. They are aware of the serious dependence on crude oil exports, which is why they want to reduce this exposure to the international market of crude oil by making the local economy more diverse and less dependent on the local oil industry, especially amid still low oil prices and great uncertainty dominating today’s financial markets in general and the global oil market in particular.

Publication date: 04 May 11:12 AM

Fed Leaves Interest Rate Unchanged

The members of the Fed’s FOMC left the key interest rate unchanged at 0,25%-0,5% during the latest meeting last week. This is confirmed by the FOMC meeting minutes. To be more specific, the minutes read that the information received since the March meeting clearly indicates that the contemporary labor market is definitely improving and recovering despite the likelihood of another economic slowdown in the USA.

Publication date: 03 May 05:07 PM

Saudi Arabia Ready to Reduce Oil Dependence

Not so long ago, a representative of the Saudi King’s was reported to have introduced a new development plan for Saudi Arabia until the year of 2030. It is named Vision 2030. The plan reveals the local authorities’ intention to introduced some fundamental changes to the country’s economy and financial system. They are aware of the serious dependence on crude oil exports, which is why they want to reduce this exposure to the international market of crude oil by making the local economy more diverse and less dependent on the local oil industry, especially amid still low oil prices and great uncertainty dominating today’s financial markets in general and the global oil market in particular.

 

Publication date: 03 May 10:03 AM

Saudi Arabia’s Oil Games May Be Dangerous to Both Russia and USA

According to Andrey Gudkov, an observer for Deutsche Welle, the oil games played by Saudi Arabia may present danger to Russia and the USA. The be more specific, the observer says that the Saudis are playing dangerous oil games. They have been playing similar games in security and politics. Now they are playing those in macroeconomics. For instance, it was Saudi Arabia who intentionally disrupted the recent oil summit in Doha. On top of that, the Saudis announced their intention to sell tons of U.S. bonds to a stunning amount of $750 billion. Such unexpected steps may undermine financial markets worldwide and eventually affect a number of major and emerging economies, including Russia and the USA.

Publication date: 22 April 09:26 AM

Brexit May Cost EU 5% GDP

As you probably know, it is still unclear whether the UK is going to stay an EU member. The local officials seem to be against the so-called Brexit. However, the plain folks are going to make the final decision. The thing is that the authorities are going to conduct a Brexit referendum to let the people decide whether to stay in the European Union or quit it.
 
Publication date: 07 April 12:11 PM

Low Oil Prices Affect the Suez Canal

Low oil prices undermined the status of the Suez Canal. They say most ships find it cheaper to sail around Africa rather than sailing through the Suez Canal.  Some market observers believe that the oil market crash resulted in multiple consequences. On top of billions of dollars of lost profits by the world's biggest oil exporters, sailing around Africa is no said to be cheaper than saving time by passing through the Suez Canal.

Publication date: 07 April 08:19 AM

Chinese Economy Recovers Faster Than Expected, HSBC Says

According to HSBC experts, the Chinese economy has stabilized and is on its way to recovery. On top of that, the experts say that the recovery is accelerating and getting faster than expected. To be more specific, the latest economic figures coming from China shows that there is a considerable improvement going on in there.
 
Publication date: 07 April 06:34 AM