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Part I of this series on the American Dollar can be found here.

Turkish water, Arab Gulf capital, Egyptian labor, and Israeli know-how will join hands in a sheer material enterprise with no identity or sense of direction. Consequently, there will be no feeling of pain caused by loss of dignity.

from “The Imperialist Epistemological Vision” by Abdulwahab al Masseri

The Muslim world is a giant untapped well of power. Geo-strategically, the Middle East has always been important – straddling important trade routes and acting as a bridge between several continents. Even the Muslim minorities of the world, that is where Muslims make up a minority stake in a society, contain roughly 40% of the global ummah. Acting as a unified actor, the Muslim world is over a billion strong and contains much of the world’s capital and resources.

The issue is a splintering of the ummah that followed the rightly guided caliphs and the Golden Age of Islam. At one point, the Muslim world was one unified empire stretching from the Himalayas to the Straits of Gibraltar. Societies kept their identities and ways of life provided they were not against basic principles of Islamic governance. Identities were forged within the Muslim world – indeed, Egyptians in particular have always been fiercely nationalistic – but the kind of nationalism imported since the end of direct colonialism in the area is new and unfamiliar to many Muslims who still see themselves as Muslim first – Indian, Pakistani, Iraqi, Filipino second.

At the top of this Islamic world sits some of the greatest concentration of capital in the Gulf countries. Glimmering skyscrapers towering over empty streets, air-conditioned stadiums, and the sheikhas gliding through malls covered in black and gold, their filipino servants trailing behind buckling under the weight of shopping bags. It’s no wonder this Islamic elite has come under attack in recent decades by AQAP (Al Qaeda in the Arabian Peninsula) as both an attempt at capital accumulation and an ancient drive from sects from the Sufis to the Khajarites who sought to deliver divine justice to the corrupt heads of the Caliphate. These today being those who control the capital and the two holy mosques of Mecca and Medina.

Yet the strategy has shifted in recent years and rage has grown considerably in these offshoot groups. Instead of seeing the House of Saud as solely responsible for their predicament of addictive shopping and rampant tastes of luxury, the global Islamic resistance movement have lifted their eyes to the very top – America and Europe. By smashing at the dollar they are forcing the rich and corrupt among them to either reconsider their lifestyles or run for the hills, as seen recently in Tunisia.

What part does Israel play in such a strategy? Abdullah Azzam, famous mujahid in Afghanistan, became somewhat disillusioned as he was told to keep his desire for jihad against Israel on the back-burner and continue his focus against the Soviets. Is it any surprise that he and others who shared his view suddenly turned up dead in Peshawar – their suspected killers being Iranian Intelligence, Mossad, or even Osama bin Laden himself? Why is Israel so protected from the brunt of Islamic militarism? The simple answer may be that it represents a strategic interest to foreign colonial powers. Considering that hundreds of millions of dollars worth of military equipment is kept in storage in Israel and their physical presence as a thorn in the side of the Middle East, this could be true. Yet they are becoming more and more brave, unafraid of keeping their American masters pleased with their progress. Why is this? I’ve come to understand that Israel poses little threat and possesses no real strength in its current position – it’s very presence in the Middle East is part of the strategy.

The decaying, autocratic Middle East and the Muslim world in general is propped up by a wilting dollar. Israel is the gun held to the heads of the Arab capitals, ensuring that they will not jump ship. Imagine an intricate game of mouse-trap, with the final string of yarn tied around the trigger of a Tavor held by the Israeli government. It is in their interest as well that the dollar sustains, considering much of their foreign capital is held abroad and – if one is to imagine (as Israelis themselves do) that Jews worldwide are simply expat Israelis, a large portion of their population and subsequent charitable income and moral support depends on it as well. The methods Israel uses for colonial advancement are dollar-heavy and follow traditional, if not sloppy, methods of free-trade strategy.

Like the housing bubble, nearly anything will be done to keep the system afloat in the Middle East, to keep the money from the Gulf tied up in luxury yachts and the rest of it tied up in weapons. In such a high pressure situation – that is to keep this attempt to keep the bubble inflated – nearly everyone’s interests will be to sustain the status quo, especially when it comes to the dollar. The Saudis want to stay in power, the Assads want to stay in power, the Hashemites want to stay in power, Mubarak wants to stay in power, and the Israelis want to continue making money and building settlements. Everything about Middle East diplomacy is about keeping thirty cats from scratching each other to death while someone else keeps stealing all the cheese. So where do those who want to change the status quo hit the hardest?

Maybe it takes years for the seeds to sprout, but as unrest begins to ripple across the Maghreb from Algeria to Tunisia to Libya to Egypt, we can see the house of cards start to tremble something terrible.