I n case anyone didn’t get ISIL’s message from their latest video in which 21 Egyptian Coptic Christians have their heads sawn off, here it is: “We’re executioners, not warriors.” Those gouts of blood spilled on a Libyan beach amount to ISIL’s welcome mat to the mass execution of the Euro-American west. The dignity of a funeral is not even on the program.

What we’ve got now with apocalyptic Jihadism spreading clear across the region from Pakistan to Morocco, and Europe blandly ignoring it across the Mediterranean, is an epochal face-off that will change the world. It comes at an odd moment in history, namely as the massive oil wealth of the Middle East and North Africa enters decline. It was that oil wealth that provoked a population spike in a desolate corner of the planet the past century. Now there is a huge over-supply of young men there with nothing to do but act out their angry psychodrama over having no future. When a whole peoples’ prospects for a decent life on Earth dwindle to zero, is it any wonder that they become preoccupied with end-times visions of feasts and virgins awaiting in an after-life?

Partly what you’re seeing over there is an internal fight to control what’s left of the treasure. That battle has already had the strange consequence of disabling the oil production capacity in places like Iraq and Libya, where there is still a lot of oil, but not enough political stability to allow the complicated business of extraction and transport to take place. What’s more there has also been tremendous damage to the oil infrastructure in these places, some from deliberate sabotage, some from shelling and bombing, and a lot from sheer neglect and deferred maintenance. Oil refineries and transport terminals are very delicate machines that require constant loving care.

It’s self-evident now that ISIL would like to control as much of the remaining oil wealth as possible — though I doubt they have the competence to run it for long even if they appear to control the terrain. The Euro-American west always has the option of completing the destruction with bombs and missiles, but then they would also be destroying their own future oil supplies and hence their modern industrial economies.

The Big Prize, of course, is the grand fortress of Saudi Arabia. The kingdom is surrounded by Islamic maniacs now, with Yemen recently fallen to the south, the ever-hostile Iranian Shi’a across the Persian Gulf, disintegrating Iraq and Syria to the north, and the festering human compost heap of Egypt and then Libya across the Red Sea. And, of course, along the saddle of the Levant there is Israel with all its enemies and problems. Arabia has a new King, 79, rumored to be weak in the head. The oil revenue is way down and the population still grows, and too many young men have nothing to do but marinate in Wahhabist fantasies. If Saudi Arabia falls apart, it’s game over for modern life as the West has known it (and much of Asia now, too).

The USA, meanwhile, has managed to embroil itself in a completely unnecessary and idiotic struggle over Ukraine, a place of no real strategic importance to us. And in doing so we’ve managed to alienate perhaps the one nation with the will and the motivation to oppose Jihadism, namely Russia, with its vast southern border facing the immensity of Islamic Central Asia.

Europe, meanwhile, is preoccupied playing games with itself over money. Today is supposedly crunch time for Greece. The so-called Troika — the European Central Bank, The European Union bureaucrats, and the International Monetary Fund — still expects Greece to continue to pretend to pay back its debt. That’s been the meaning of “austerity” until now. But Europe is a gigantic debt minefield that no one can really walk across. Other parts of it than Greece are just waiting to blow up, and will, and it’s unclear whether Europe is even paying attention to the blood-red welcome mat that was laid out in Libya last weekend. The true meaning of “austerity” will become clear when Europe finds itself forced to fight World War Three at the same time that its banking system implodes.

Note: JHK’s 2015 Forecast is available now at this link: Forecast 2015 — Life in the Breakdown Lane

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