Will Islam soon become a "
religion of convenience", siphoning off everyone with a half baked faith in God?
Today, Christianity is the leading religion of the world, but Islam is on the rise, and Christianity may soon be left behind in the Islamic dust.
I have learned that Christianity is the largest faith on Planet Earth
(31.5% of all humans, about 2.4 Billion people). Islam is in second
place (23.2%, or 1.6 Billion people). The Muslim population is growing
far more rapidly than Christian families, so Islam is projected to
overtake and pass Christianity in the next 50 to 100 years if past
trends continue. Pew Research[1] has found that historically for United States, 23%
of those who were born and raised Muslim will lose their faith and
become apostate (ie. non-Muslim). Pew has also found that 23% of
today's Muslims were raised in a different faith, then converted to Islam;
therefore the in and out flows (conversion and apostasy) cancel each
other out.
Unlike the past, will there be a growing
number of Christians, agnostics, and atheists who convert to Islam in the future?
I understand that Islam gangs inside prisons claim total control over all or most US prison inmates (see
here and
here). It is
reported that 80% of the prisoners who "find faith" while in prison convert to Islam.
In Ontario, prisoners have been reported to convert to Islam so as to receive better food (Halal freshly prepared individual meals, rather than mass produced cook-cool-reheat slop served to everybody else) and/or more food while in prison. Unfortunately, these recent reports of "
food forced Islamic conversions" have been scrubbed and removed from Internet history for unexplained reasons.
In the
UK, prisoners are converting to Islam so as to receive protection from the powerful Islamic gangs inside UK prisons. Similar conversions to Islam are happening in the
EU and
Australia.
It isn't just prisoners who convert to Islam for safety and fringe benefits.
Under
Sharia Law, no Muslim is allowed to charge another Muslim usury interest on borrowed money.
Wikipedia reports that in 2009, there were over 300 banks and 250 mutual funds around the world complying with Islamic principles. In 2014, they had around $2 trillion in assets that were Sharia-compliant; approximately 1% of total world assets. The
Globe & Mail reported that the first Islamic home-financing agreement was drafted in Halifax in 1975.
Toronto-based Ansar Co-operative Housing Corp. is a Sharia mortgage lender.. After the Ottawa Citizen ran a story on Ansar in 2002, the co-op was
inundated by queries from many non-Muslim Canadians, all of whom were turned
away. What will happen during the next financial crisis, when Canadians are truly desperate, and they risk losing their home unless they find an affordable mortgage? Will the desperate convert to Islam so that they can get an affordable mortgage?
When CMHC (Canadian Mortgage & Housing Canada) commissioned a study of Sharia-based loans, CMHC was attacked as aiding and abetting the entry of Sharia law into Canada.
In the Western and Christian world, we aren't so lucky at avoiding the blood sucking leaches of bank financing.
Canadian mortgage rates are set by the Canadian bond market. HELOCS (Home Equity Lines of Credit) float at the Canadian prime interest rate charged by Canada's Big Five banks (RBC, TD, Scotia, BMO, CIBC). Canadian rates have exploded upwards, and have a lot further to go.
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Canadian bond market interest rates are climbing rapidly. With Canadians overloaded with debt,will conversion to Islam
and free loans be used as an escape route? |
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source:
tradingeconomics.com
On
Garth Turner's Canadian real estate blog, he notes that Canadians owe $211 billion in HELOCS, 40% of Canadians pay nothing on these loans, another 25% pay just the interest, so 65% of
mortgage borrowers haven’t been reducing their mortgage debt load.
The Greater Fool Blog notes that a 0.25% interest rate increase means Canadian must pay $1.6 billion more in bank
charges in 2018. Garth also notes almost half the
households in Canada have less than $200 available after paying the monthly bills.
Add to this the B20 rules for Canadian mortgages that limit the "loan to value" amount that can be borrowed, and mandatory qualification to stress test interest rates, set significantly higher than the interest rate you will eventually pay to your mortgage lender.
The coup de grace is the dropping real estate values. Mortgaged to the hilt, and no longer able to sell to a "greater fool", Canadians will be getting letters from their mortgage lenders saying they must pay down their current mortgage debt before they qualify for a mortgage renewal.
Garth reports:
Richmond Hill [in Greater Toronto Area] detached median sold price has dropped a whopping
$122k, down to $1,100,000, or a full 35% down from the peak in April [2017],”
says Toronto real estate broker Alex Prikhodco in his monthly report to us. “In January-February [2018] sellers are going to get crucified. Expect a further drop of 10-15% before March 2018.”
And, yikes, look at this. The average sale price of almost $1.7
million nine months ago is now $1.1 million. If Alex is correct, these
houses are on their way to the $900,000 range, for a plunge of about
45%.
If non-Muslim Canadians can no longer afford the rising interest rates for their McMansions housing excesses, and the Muslim world makes their oil & gas wealth petro-profits available for the masses, will this encourage conversion to Islam as an interest rate relief "religion of convenience"?
For the young Canadians who covet a house of their own,
rather than living in their parent's basement, how will they ever afford
a house of their own at rising interest rates, sky high prices (that are slowly deflating), windfall profit potential from a real estate bubble no longer available, and tighter mortgage rules? Some may choose to sell their soul to the Devil
so as to enjoy hedonistic housing today.
There is a growing chorus (see
here and
here ) who say the US Federal Reserve may soon be forced to rapidly raise interest rates so as to rescue a predicted collapse in the US dollar in the near future; likely in 2018. This would instigate similar response from the Bank of Canada, fully nailing on the lid of the Canada's real estate coffin; hopefully with a decent Christian burial six feet under.
A hundred years ago, conversion to Islam for financial gain would be unthinkable. However, with the luke warm Christianity of today, plus the hedonistic, instant gratification world we live in, will people stand loyal to Jesus Christ?
Some may rationalize that they can convert to Islam, get their interest-free loan, then convert back to Christianity later. Others may "pretend" to be a Muslim, so that they get the usury fringe benefits.
Don't be fooled.
"Surely, there is at this day a confederacy of evil, marshaling its
hosts from all parts of the world, organizing itself, taking its
measures, enclosing the church of Christ as in a net, and preparing the
way for a general apostasy from it. Whether this very apostasy is to
give birth to Antichrist, or whether he is still to be delayed, we
cannot know; but at any rate this apostasy, and all its tokens, and
instruments, are of the Evil One and savor of death.
Far be it from any of us to be of those simple ones, who are taken in
that snare which is circling around us! Far be it from us to be seduced
with the fair promises in which Satan is sure to hide his poison...
He prompts you what to say, and then listens to you, and praises you,
and encourages you. He bids you mount aloft. He shows you how to
become as gods. Then he laughs and jokes with you, and gets intimate
with you; he takes your hand, and gets his fingers between yours, and
grasps them, and then you are his."
J.H.Newman, The Times of Antichrist
