ISIS' Latest And Most Ambitious Plan Yet: Invade Spain

While Spain may have been scrambling for the past several years to figure out how to spin its economy, boasting one of the highest unemployment rates in the Eurozone, as recovering, coming up with numerous changes to what it believes should constitute GDP, most recently including an estimate of the contribution hookers and blow add to the economy, a surprising place which has emerged as a potential source of huge economic upside for Spain's economy is none other than the recently established Islamic State created by the ISIS al-Qaeda spin off. Because, stunningly, in a story right out of a history book covering the Islamic Conquest and subsequent Reconquista (however not in the middle ages but in the 21st century), the hardest-core Islamists around, those which even al-Qaeda deemed too "extremist", appears to have sworn to invade Spain next!

Just think of the epic GDP boost a new Christian-Muslim war fought on European soil would generate...

As RT reported over the weekend, a group of jihadists claiming to be part of ISIS have vowed to invade Spain along with all other “occupied lands” in a video posted on the web. The men say Spain is the land of their forefathers and that they are prepared to die for their nascent Islamic State.

The men say Spain is the land of their forefathers and that they are prepared to die for their nascent Islamic State.

The video of two men claiming to be militants from the Islamic State of Iraq and the Levant (ISIS) has taken the Spanish media by storm. The minute-long footage shows them speaking in Spanish, and saying that ISIS will take over Spain.

“I tell you, Spain is the land of our forefathers, and, Allah willing, we are going to liberate it, with the might of Allah,” says one of the men. He adds that the group won’t stop at Spain and intends to spread its Islamic Caliphate across the world.

 “I say to the entire world as a warning: We are living under the Islamic banner, the Islamic Caliphate. We are going to die for it until we liberate all the occupied lands, from Jakarta to Andalusia,” he said.

The footage has not yet been independently verified, but it would not be the first video released by the group. Last month, ISIS released a propaganda video entitled: “There Is No Life Without Jihad” in which Australian and British members of the group appealed in English for Muslims across the world to join their cause.

“We have brothers from Bangladesh, from Iraq, from Cambodia, Australia and the UK,” says a militant called Abu Muthanna al-Yemeni, who himself comes from Britain, according to a video caption.

The full clip is below:

In other words, ISIS may or may not wage war on Spain next. The only question we have is whether Eurostat will add back the non-GAAP GDP benefits from such a war now, on a purely one-time, non-recurring pro forma basis, of course, or actually wait for war to break out. Judging by the circus European economic data has become, we would wager money on "now."

Credit to zero hedge