Tag Archives: Everybody’s Lying About Islam

Saudi Arabia is Awful At Investing | Markets Are Dumb 4

So why am I the only guy talking about this? In today’s video I connect a bunch of dots to point out that Saudi Arabia’s investment program isn’t going to help them out of their current mess. In fact that investment program is more than a bit nuts. Funds that are desperately needed to reinvent the country are being sent to some of silicon valley’s riskiest money pits. It’s possible that these investments will make some money eventually, but it isn’t what I’d call likely.

The truth is that all of this information is out there. Today’s video wouldn’t be possible without some great financial journalism done by folks at Bloomberg and the Financial Times. The FT’s “Saudi Sovereign Wealth Fund Scrambles For Resources” in particular was very useful. But this stuff is often behind paywalls, and only read by nerds like myself. This information is all out there, and it’s being acted on by serious investors. That’s why that magical city, NEOM, isn’t going anywhere, and its German CEO has already been shuffled off to another job. That’s why the Saudi-Blackstone infrastructure fund announced at the Saudi-Trump orb fest last year can’t find any other investors. The broader situation really is dire, far beyond the headline grabbing problems with Tesla and Uber.

This is a slow motion catastrophe. But it hasn’t made much of an impact on the broader consciousness yet. That’s because the Saudi PR machine is still working in high gear. Bloomberg, FT, and occasionally the New York Times will follow up on all these projects and their failings, in articles that are only read by a few tens of thousands of people. But when a new project is announced it’s in ALL the outlets, with videos, puff pieces, and endless social media placements. The more disturbing facts are all out there, and I’m proud that I got to bring them to you with today’s video.

Full disclosure: I own some Tesla stock and I’m actually pretty bullish on the company’s long-term chances. If Elon Musk can get his head on straight that is. That doesn’t mean it’s a good investment for Saudi Arabia…

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The Saudi Aramco IPO Is A Sad Joke | Everybody’s Lying About Islam 34

One of the most important aspects of development in Saudi Arabia, and in the Gulf more broadly, is the fact that it often doesn’t happen. The Gulf countries are mostly run by monarchs, and they all have pharaonic ambitions. They want to build monuments, cities, and other great works that illustrate their magnificence. If it’s something as simple as a museum or giving a foreign university a local campus it happens. But the great ambitions that mix local development, innovation, or anything else that requires real buy-in from the people of the country, either never happen, or happen in such a small way as to make the initial announcements look ridiculous.

When NEOM, the 500 billion USD sustainable city was announced, I couldn’t help but think of the UAE’s Masdar city. It was announced with similar fanfare back in 2006. It was going to be green, it was going to be amazing, there were going to be tons of people there! Parts of Masdar did end up being built, but most of the plan was scrapped, and the Guardian now describes it as in danger of becoming a ghost town. Masdar isn’t the only hi-tech wonderland city that never was. Saudi Arabia has one too. Anybody remember King Abdullah Technology City? It was the last king’s NEOM. It was still moving along, or at least reported to be so back in 2015.

And that’s the important bit here. All of this constant churn of projects seems to be done more for a foreign press audience than to create real change in Saudi Arabia. I don’t doubt the sincerity of any of the Saudi Royal reformers, I just doubt their ability. The world press gives them a free pass on all of this. Almost none of the articles reporting on NEOM mentioned King Abdullah city or Masdar. Actually, now that Abdullah is dead, his city seems to have disappeared from the news completely. It’s clear that it’s now longer a public relations priority, and I’d guess that the 100 billion that is supposed to build that city is now quickly moving on to MBS’s NEOM. This is not a good way to run anything. But the Saudis get a pass from the world press. Today’s video, on the ridiculousness of the Saudi Aramco IPO is an attempt to push back on that a bit.

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Saudi Arabia Is Still Finished | Oil & Money | ELAI 33

Over the past year Saudi Arabia has experienced a perfect storm of factors in its favor. Asset prices in the US economy and elsewhere have gone nuts. Saudi Arabia is a country that owns a lot of stock, land and everything else, so that’s been very helpful. On the oil market front, the most important front there is for Saudi Arabia, they’ve had unprecedented cooperation on the OPEC production slow-down, and a series of competitors have given up millions of barrels a day in production due to sundry wars and dictatorships.

If Saudi Arabia’s ambitious plans for the future were ever going to work, 2017 would have been the year for it. But as this video shows, some of the key metrics that illustrate the hole Saudi Arabia is in haven’t changed much at all. As I said in last year’s video, and as I repeat in today’s video… Saudi Arabia is still finished.

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Why Turkey Will Never Be Pakistan | Everybody’s Lying About Islam 32

I wanted to address another aspect of the comparison between Pakistan and Turkey that the cursed article I talk about in today’s video mentions briefly. The article does concede that Pakistan’s dictator led Islamification under Zia ul-Haq was a completely different example than the attempts at Islamification currently being carried out by Turkey’s elected president Erdogan. As I point out in the video, Pakistan remains desperately poor today and this was even more the case in the 1980’s. Zia was using Islam as tool for nation-building. It remains a key part of Pakistan’s sense of itself as a nation today.

As I laid out in my other two videos on Islam in Turkey, Erdogan does not have the blank slate to work with that Pakistan’s Zia did. Pakistan of course, unlike Saudi Arabia, has an endlessly rich and varied history. But very few among a population that mostly couldn’t read, and was living on the brink of starvation, were able to benefit from that history and culture. Turkey has a very distinct sense of nationalism that is quite separate from Islam, and that is internalized across the population. No matter how powerful Erdogan becomes, he will not be able to eradicate those underpinnings.

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The Truth About the Fall of Muslim Spain | Everybody’s Lying About Islam 31

Spanish history really is amazing. As someone from the United States, who has spent a fair amount of time in the Middle East, I tend to focus on British and ancient history. Last year my family took a trip to Spain and Morocco and I really got a sense of what I’m missing. Spain has its roots in a fascinating conflict and mixture between Roman, Medieval Christian, and Islamic cultures. The Crusades focusing on Jerusalem, a much more transitory affair, get a lot more press. Which seems nuts. You’ve got to go back to 1961 and the surprisingly woke, and gloriously bloated, Charlton Heston film El Cid to find a treatment of the Spanish Reconquista in popular culture.

This is a shame, because it’s an incredibly epic story. You’ve got Medieval culture clash that literally ends the SAME YEAR, 1492, as a new and even more momentous clash between continental civilizations. The Crusades don’t have the conquest of a continent as their aftermath. The lack of coverage may have something to do with the fact that Spanish history, and Latin American history hasn’t always been the happiest. Here’s hoping that that changes in future years. I’m definitely excited to do some more work on the topic, and I am super excited to be covering it in this week’s video

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The Truth About The Fall of Constantinople | ELAI 30

The fall of Christian Constantinople to the Muslim Turks is one of the most significant events in Eurasian history. Some use the date it happened, 1453, as the break point between “Medieval” times and the “Early Modern” era. The threat of the Ottoman Empire was an important thing too. It motivated a lot of the state consolidation and military advancement that gave us modern Western Civilization. The threat of “the Turk” is long passed, but we don’t challenge the basic assumptions that that struggle has left us with. We don’t need the dream of a fallen Constantinople for propaganda purposes anymore. We should acknowledge what actually happened. That’s what this week’s video aims to do.

You all may have noticed that I consciously avoid the term “Byzantine Empire” here. The Byzantines did too. In fact the term wasn’t even invented until centuries after they had gone. They knew themselves as Romans, so that’s how I try to refer to them as well. This confusion has its origin in a bit of archaic racism. The Enlightenment thinkers that drew European History together didn’t like the Greeks much. For them Rome was based in Rome. It was the great civilization of Cicero and Augustus, it spoke Latin and it ended in 476.

The Western bits of the Empire did in fact fall in 476. But the Eastern Half had a full 1,000 years of history ahead of it. The Western European historians of the 1700s found this kind of thing distasteful. Altogether too Eastern. The Eastern Roman Emperors, with their constant murdering of each other, their pretensions to imperial divinity, and tasteless bling weren’t really their sort of Romans. So they invented a whole new name for them, the Byzantines, based on the original Greek name of Constantinople. I’m a big fan of Rome, and I have some of the same prejudices, but I don’t feel the need to distinguish the way the folks in the 1700s did. So I tend to use the term “Eastern Roman Empire” rather than “Byzantine Empire”.

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Islam’s “History of Evil” | Everybody’s Lying About Islam 29

History can be used as a weapon. There are a lot of people in my YouTube comments, and in the US at large, who have some weird ideas about Islam. The things they know aren’t necessarily wrong, but the conclusions they draw are. This is a problem that comes up again and again in contemporary political discussion. The more context you have, the more you realize that individual facts don’t tell you as much as you think they do. This video, and the next couple I will be producing, aim to provide the context necessary to better understand the darker aspects of world history, and Islamic history in particular.

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Lebanon Is A Heroic Country | Everybody’s Lying About Islam 27

War Sucks. This is something we’ve lost touch with in the United States. It’s a central truth that’s become further and further from us since the middle of the 20th century. Not that our World War II experience was all that bruising either, compared to almost anybody else in Europe and Asia. Since Vietnam our military has been all-volunteer, and in the 21st century our death-dealing has become more remote, thanks to drones and smarter weapons. Our insulation from all of the consequences of war has made us more willing to use it as a tool of policy or economic stimulus.

Not for Lebanon. They don’t have that luxury. For fifteen years, it was their tiny country that was torn apart by the political fantasies of foreign countries. This video lays out how that horror has allowed them to save us from a broader war, both over the past six years and in the past month in particular.

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Yemen Is Dying. We Can Save It | Yemen 6


Yesterday the US House of Representatives finally had a debate on The US War on Yemen. It’s about three years too late. But it is a good thing that it happened. It’s easy to look at this delay, and the toothless resolution that was voted on, and conclude that Congress is useless on this topic. As today’s video explains that would be a mistake.

This reaction video fortuitously leads into the upcoming vids. They deal with the US Congress, and they would have looked super non-related if it weren’t for all the Congressional Debate stuff in this video. There’s been a notion in the back of my head for quite some time. The US government is nowhere as screwed as we like to imagine. All the tools are there. We just choose not to use them. It may be worthwhile to do more in this vein. What do you think?

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Saudi Arabia Surprised Me | MBS & Moderation | ELAI 25

Since I started laying into Saudi Arabia with gusto about six months ago, folks have been bringing any number of stories to my attention. It seems like every month or so there is a new positive story about Saudi Arabia running in every major Western news outlet. It’s like clockwork. Actually it’s just like clockwork.

Some of these stories represent real advances. Some do not. But we’re not seeing them because of their intrinsic merit, we are seeing them because Saudi Arabia gives tens of millions of dollars to the best public relations people in the business. Last week saw one of the most coordinated and sophisticated pushes yet. This video mentions an interview with the Guardian, but there were customized approaches to a number of outlets. The New York Times gave their launch of a new economic zone above the fold treatment.

So I tend to be pretty skeptical when somebody comes to me with news of Saudi Arabia’s changes for the better. There was one element in the onslaught this week that surprised me however. MBS’s claim that Saudi Arabia is now a moderately Islamic country was legitimately shocking to me. Shocking enough that I made this video.

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