What is wrong with the National Front?

It seems apart from the plunging price of oil the FT seems replete instead with warning about democracy. I intensely dislike and distrust nationalism (apathy/dislike for the “Other”) while I condone patriotism (love of one’s Own).

However I don’t think Europe is going to slip towards fascism anytime soon in the forseeable future. I don’t even think it’s viable or tenable to deport illegal immigrants however there has to be a control on future entries and manage the process.

Immigration has to be revamped that the developed countries of the world (West + Japan) need to synchronize their borders. As an example how many Americans would really want to move to Japan and settle there, or vice versa. I once read an Israeli economies write in the International Herald Tribune (essentially the NY Times) that unless incomes were 3x greater most populations would not immigrate.

As borders become more fluid it makes sense to plan for the eventuality of a more federated and united world. We are leaving the age of a Single Hegemon (with mixed results) towards a more equitable system. Transnational cultural groupings will take on much more significance than before however we must also begin to have a much fairer system.

The West (& Japan) have aging populations and overloaded pensions as a upcoming crisis. The answer is not more immigrants (because they themselves will ultimately age) but for pensioners to start migrating Southward (to found their own OAP colonies so to speak). Desirable locations around the world can become huge hubs for aging baby boomers where they will also be able to take advantage of purchasing power parity. Tourism and other industries would be built on the back of that (as families come to visit etc) and it would create huge employment opportunities in the South (for carers, companions etc).

Other than that it would also have an excellent environment impact as these compact colonies would essentially transfer from high emission producing regions to lower emission producing regions.

This is the migration that needs to happen not the one that’s currently occurring where the brain drain depletes the middle class in the Rest and squeezes the native middle class in the West. The first retirement colony will then start a wave (I know they are trying that in the Phillipines & Japan).

In this manner the West & Japan can ease into smaller more amalgamated populations (probably followed by countries that are becoming wealthier and aging) while also becoming much more capital intensive (and preserving high wages, low employment). The Rest will benefit from the spin-off of compacting Prosperity Sphere.

There is nothing wrong whatsoever with declining populations as long as cultural coherency remains in tact. The mistake right now in the West is that natives have a low fertility rate coupled with immigration creates a huge amount of societal imbalance. In a globalising world high wages can eventually be found everywhere (and even where wages are not high PPP can ensure that it’s more lucrative staying back rather than immigrating).

At that point support for the far-right will begin to precipitously decline as citizens and individuals begin to use globalisation to their advantage.

http://www.philstar.com/cebu-business/2013/01/08/894596/japanese-retirees-eyeing-cebu-retirement-hub

http://www.bloomberg.com/news/2012-09-13/aging-baby-boomers-face-losing-care-as-filipinos-go-home.html

By now, the Philippines should have retirement villages for Americans because English is widely spoken. Instead, Americans are going to Spanish-speaking Mexico.

US Census 2010 estimates approximately 2.5 million citizens and legal permanent residents of Philippine ancestry.

One nongovernment survey claims 200,000 Fil-Am senior citizens would really like to retire in the Philippines, but they won’t.

Unlike Social Security, which you can take anywhere, Medicare stops at the border. Fil-Ams are afraid to return home without medical insurance. Another survey calculates that more than one million American seniors have homes in Mexico. The popularity of Mexico as a retirement destination is because you can simply cross the border back to the US for medical treatment.

http://asianjournalusa.com/american-retirees-the-next-big-business-for-the-philippines-p12342-114.htm

My prospective Hindu father-in-law quoting Baha'u'llah

I recently read that as few as 5% of marriages in India are inter-caste and PK’s message of religious tolerance in South Asia couldn’t come anytime sooner.
I’m grateful that my Hindu father-in-law to be freely quotes Baha’u’llah. Touch wood mA.

Starting the week

Where do we see the markets go from here? Well I for one think that despite the plunging price of crude oil we are seeing an ongoing recovery. It’s always puzzled me that just how quickly the world has forgotten the Credit Crunch of 07-09 and that any recovery (from what was at the time the end of the financial system) was going to be a decade long.

We are living in a new Imperial Age when the most exciting electoral prospect are Bush vs. Clinton (which Obama was only barely able to budge by 8years). At the end of the day the Central Banks are still continuing with the stimulus plans (especially in the Eurozone and GBP area where the Euro continues to weaken against the USD maybe all the way to parity?)

Other than that where do I actually see oil go? I think we may see it plunge down to $30 even before recovering to the $40-50 format. The commodity story isn’t going to go anywhere and with the plunging price of solar power.

The chart below shows the price of energy sources since the late 1940s. The extreme outlier, of course, is solar, which only recently became an expensive blip in the energy marketplace. It will soon undercut even the cheapest fossil fuels in many regions of the planet, including poorer nations where billion-dollar coal plants aren’t always practical. http://www.bloomberg.com/news/2014-10-29/while-you-were-getting-worked-up-over-oil-prices-this-just-happened-to-solar.html

Source: EIA, CIA, World Bank, Bernstein analysis
As he did with oil & gas reserve once again Allah smiles on the Ummah as making it among the sunniest places on earth (of course there are elaborate geopolitical explanations on why that is the case but let’s stick with the religious one for now as Muslims needs all the manna they can get atm).

It seems that the world is going to enter a new systemic bull cycle, low oil prices are going to compete with dropping solar energy prices to industrialise the Rest of the world.

Is caste system a curse

http://m.thehindu.com/data/just-5-per-cent-of-indian-marriages-are-intercaste/article6591502.ece/

Whose fault is it?

This sentiment emerged in conversation with a fellow Pakistani where I said “it’s not the fault of Pakistan, it’s the fault of Pakistanis.”

I’ve moved on with my life and live a fairly acculturated integrated life in blighty (where I think about rocks and climbing a bit too much for my own good). Even so I’m more interested in the pink pages of the FT than the broadsheets of the Daily Telegraph. However I have to see that we are simply seeing a meltdown in the Ummah.

Does it affect me personally? Not especially since I’m ensconced in the West and the only real connections I have to Islam are my surname, my descent from Hazrat Ali & the fact that the Baha’i Faith find it’s ultimately origins in the Shakyh sect.

However I feel pity and sad that the mental shackles of the people of the Ummah blind them to the message of unity and peace that the rest of the world has already embraced (to varying degrees). It is the responsibility of Muslims in the West (who like all Diasporas eventually have outsized roles of influences) to really lead the drive to modernize tradition.

When children are being picked off in schools, when journalist offices are shot down with impunity and now the ongoing hostage crisis in Paris emerging it seems that things are only getting worse and worse. Maybe I am too idealistic, perhaps I should take off my rose-tinted glasses from time to time (but experience has taught me life has so much to do with perspective) and it is too late for the gradual ongoing cultural exercises I used to embark on a couple of years ago.

The BritPak community needs to cultivate home-grown, authentic leaders who can bridge the gulf between civilisations. I don’t know who this cadre is but someone has to issue the call and it has to be a broad-based ecumenical effort. I’m on the UKIP-Tory spectrum because I believe in Britain & British values are resilient & adaptable enough for a modern world. However I always take heed in John Major’s mangled Orwellian quote:

Fifty years on from now, Britain will still be the country of long shadows on cricket grounds, warm beer, invincible green suburbs, dog lovers and pools fillers and, as George Orwell said, ‘Old maids bicycling to holy communion through the morning mist’ and, if we get our way, Shakespeare will still be read even in school.


Those who believe in the above are always welcome to join Britain and the British enterprise.

    markets today. 09.01.15

    Main news items for today being that Greek debt is set to
    rise in the wake of the expected election in late Jan. If oil breaches $40 per
    barrel than all bets are off. Also important to see the last oil crash in 07-08
    where oil dipped a $100 in 6months and then recovered over the next 2years back
    to 70% of boom levels.
    Yesterday was a broad and strong rally throughout the
    markets we have retooled our portfolio to become coupon-heavy however we have
    taken very strong African risk (adding to our position) and at the same time
    taking advantage of the turnaround ongoing at Tescos (shares rallied 15%).
    Non-farm payrolls set to emerge today would provide the tone to the US recovery
    while the EU is currently weighing active stimulus programs in the form of bond
    purchase.
    Other news is the precipitous decline in EURUSD it may even
    reach parity. EURO against other assets has really held up but the eventuality
    is that with the Eurozone considering quantitative easing & the US talking
    about the tenor of the recovery, divergence is expected. Finally of interest is
    Santander’s big announcement about slashing dividends, which is the right way
    to conserve cash even though it disclaimed any interest in Banca Montei Paschi
    (consolidation in Euro-financial sector ongoing).
    Bonus on OIL THOUGHTS:

    Are we going to see a similar type of pattern where the
    long-term structural trend is cheap energy (despite the plethora of oil
    suppliers, Saudi Arabia is home to 80% of proven oil reserves and as Oil
    Minister Naimi mentioned is more interested in keeping a sustainable market
    while weeding out unsustainable producers, conveniently those like Russo-Iran
    etc, goodbye Scottish independence?)

    Good Nutrition Good Life

    The beautiful Samantha Gilbert lectures us on why we need to replace processed food with natural ones. I’m truly surprised by how little concern people take to nutrition.

    http://samanthagilbert.com/wp-content/uploads/2014/06/ItsNotYourFaultEBookDay2.pdf

    Understanding the power of religion

    RUSSELL: When I look back on my own career and the history of British and American diplomacy, one of our biggest mistakes has been to underestimate religion’s huge galvanizing power. We should not try to reduce religion to politics and economics and assume that people are doing things for reasons we immediately understand. We tend to think that fundamentalists will compromise, because they want more power. But some people don’t want power: They want to go to heaven! We underestimate the sincerity of their beliefs, and for that reason we underestimate the threat they can pose to the kinds of societies we might want to see.

    Inside the Middle East’s vanishing ancient religions (http://www.bostonglobe.com/ideas/2014/11/16/inside-middle-east-vanishing-ancient-religions/AGZ4PsXJ4zQStdn7mfVg5O/story.html)

    The interviewee has just had an article up in the FT (a long, harmonious history that Islamists deny), which I’m not able to link to at the moment. 
    However I’m also copying a snapshot, who knows maybe tolerance will one day flourish in the Ummah as it once did.

    Power of the Monarchy

    If Baby Prince George has a daughter then potentially we could see British history repeating itself uniquely in one single family (the Windsors)

    Victoria – longest reigning monarch (Hanoverian)
    Edward VII – her son 10yr reign
    George V – his soon 20yr reign
    George VI – 15yr
    Elizabeth II – potentially longest reign monarch
    Charles III – say around 10yrs
    William IX – 15yr
    Baby George –
    First child of Baby George (either boy or girl will ascend to the throne regardless

    A hectic holiday season

    I trust everyone had a good holiday season. December happens to be a particularly hectic month for me as the exact first half is my birthday, followed my parent’s wedding anniversary then the Iranian Christmas of Yalda and then the traditional Holiday Season.

    It’s interesting that Christmas has a remarkable effect in the UK of strengthening the national culture. It is almost mandatory catch-up with relatives time (I believe Thanksgiving has more of that role in the US). 
    Other than that my friend Rahul M has a new post up on his blog on David Beckham’s latest drink Haig:
    A whisky brought to you by David Beckham and Simon Fuller working along side Diageo present Haig Club. Although I don’t quite know how that works since David Beckham doesn’t actually drink. Well putting that to one side for the moment, Haig Club is a sweet single grain Scotch whisky that comes from Camorenbridge Distillery the oldest grain distillery in Scotland. This whisky is certainly different, not only because of its unique taste but because of its main market.
    Brown Pundits