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Is There Really a Muslim Threat in Europe

Jul 30, 2016

27

VIENNA - We are in Vienna, the home of some of the world's greatest economists.

We will come back to that in a minute.

First, it was here where Jan Sobieski, the elected king of Poland, beat back a Muslim attack on Europe.

In the summer of 1683, an army approached Vienna. It was the Ottoman Turks. Sobieski rushed to defend the city with about 25,000 men.

After leading a massive charge of Polish hussars, he won what is described as a 'brilliant victory', thus saving Europe from Islam.

Europe Under Attack?

Is Europe threatened again?

But wait... Where is the attacking army? Where is its artillery? Where are the invaders' planes? Their ships?

Where are the thousands of troops who will rape and ravage?

In historical terms, the attacks so far are trivial. There is no serious army approaching. And even the few terrorists who have made the headlines seem like amateurs.

If there were really an army of committed, trained terrorists, there would be an explosion every day. Europe is a target-rich environment - with subways, restaurants, theatres, airports, buses, and trains. There is no way to protect all these targets from determined attacks.

Yet, most of the carnage has been perpetrated by people driven mad by job loss, wrecked marriages, suppressed homosexuality, and so forth.

Largely isolated and autonomous, Muslim fanatics can kill hundreds...maybe thousands...of people in the West. But there is no unified Islamic power capable of challenging the West's elected governments or its 'Parasitocracy'.

This is no fight to save Western civilisation. Instead, the hapless terrorists and the terror fighters (politicians and the 'security' industry) have joined forces against civil society; both gain power and wealth, while the rest of us lose it.

Calm and Safe

Here in Vienna, we walked past the home of Austrian School economist Ludwig von Mises, talking to a couple of local economists.

The Sacher Hotel in Vienna

We noticed many women with head scarves, or their entire bodies covered up.

'There are lots of Muslims in Vienna,' we commented.

'Yes, we have many refugees...and many people who just live here because it is calm and safe.'

'Have there been any terrorist attacks?'

'No, why should there be? We are neutral, like Switzerland. We do not meddle in the Middle East. We have no business there. It's very calm here. There is almost no crime at all, except pickpocketing tourists.

'It's very safe. But Americans have a completely false impression of Austria. They've seen the movie The Sound of Music. They think the country is an alpine paradise full of handsome men and beautiful women who love freedom and music.

'But look around you. Do you see any mountains? The mountains are in the East of the country where almost no one lives. And that business about fleeing the Nazis? Not many Austrians fled.'

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Unhappy Period

Hitler - an Austrian - wanted to unify all German speakers into a great empire.

His troops entered Austria in 1938 and met no resistance. Instead, crowds lined the streets to cheer.

Behind the troops was the Führer himself. Later, he reflected on the experience:

  • Certain foreign newspapers have said that we fell on Austria with brutal methods. I can only say: Even in death they cannot stop lying. I have in the course of my political struggle won much love from my people, but when I crossed the former frontier [into Austria] there met me such a stream of love as I have never experienced. Not as tyrants have we come, but as liberators.

'It was an unhappy period in Austrian history,' concluded our host.

'At first, it must have seemed like a great adventure - joining with millions of other "Germans" to make a better world. But it ended badly. And we learned something. We learned to mind our own business.'

Regards,
BILL BONNER Founder, Agora Inc
Bill


Bill Bonner is the President & Founder of Agora Inc, an international publisher of financial and special interest books and newsletters.

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1 Responses to "Is There Really a Muslim Threat in Europe"

RAJKUMAR S D

Jul 31, 2016

Madam,

As per your article on Benjamin Investing Principles, I can gather that whenever stock is trading at deep discount to its book value i.e adequate margin of safety is available, one should invest it despite of its uncertain and bleak future. I remember that most of large PSU stocks like SBI PNB and BOB were available at deep discount to its book value around 3 months back, but there was lot of noise of their NPAs and recapitalisation, hence I have not invested in same. Even story for most of beaten metal stocks like Vedanta, Cairns and Hindalco the story is same. Had I followed Benjamin Principles, I would have earned decent return of 20 to 25% byh investing in all such stocks, but media and tv noise had disturbed me, so I could not follow
advice of Mr Grahm Benjamin. Please advise me that in future shall I follow his advice for investing in beaten down stocks. Your advice will be highly appreciated.
Thanks with regards

RAJKUMAR

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