Shariah ALERT!!! Sleeping with the devil
Thursday, November 6th, 2008
This is probably going to get a pass in the MSM (Main Stream Media… in case you forgot)… but our government is inviting the wolf into the hen house. The wolf is not breaking in… but is instead being courted by our illustrious Treasury Department. The one government agency who is at the head of the economic crisis. Today they planned on giving interested parties in Congress, U.S. bank regulators and other Executive Branch personnel a lesson in Islamic Finance in Washington, D.C.
As in our own lives, when we get in a panic, we tend to make irrational and perhaps dangerous decisions in a rush to fix our problematic lives. The same goes double with our government.
The Washington Times is reporting that we are on the verge of inviting Islamic states into our very soul just in the name of stopping the financial bleeding.
Deputy Secretary of the Treasury Robert Kimmitt set the stage with his recent visit to Saudi Arabia and other oil-rich Persian Gulf states. His stated purpose was to promote the recycling of petrodollars in the form of foreign investment here.
Evidently, the price demanded by his hosts is that the U.S. government get with the Islamist financial program. While in Riyadh, Mr. Kimmitt announced: “The U.S. government is currently studying the salient features of Islamic banking to ascertain how far it could be useful in fighting the ongoing world economic crisis.”
What this means is if the United States wants investment from places like Saudi Arabia (or so-called friends) to help bail us out of our financial debacle, we will have to subscribe to “the Islamist financial program”. I realize the reasons behind enticing other countries to invest in the United States. But it is a foolish and suicidal move when we ask Islamists to be our bed fellows.
And there are some that will ask what the big deal is. Dollars are dollars. Their money spends just like ours. The difference is that ours do not have fatal strings attached.
What the Treasury Department is dabbling around with is Shariah-compliant finance. Here are the main requirements of their financial system:
- Shariah-compliant finance involves investments and other transactions that have been structured to conform with the orthodox teachings of Islamic law.
- They can’t charge or earn interest… this is the backbone of the American credit and investment markets. Without being able to earn money based upon credit lines or investment you would have neither. So if Islamists cannot charge or earn interest, what’s in it for them???
- All returns from investments (or ‘zakat’… i.e. giving) must be “purified” by transferring at least 3% into Islamic charities. This purification is nothing more than a glorified money laundering scheme. Islamists just spin it and call it a contribution. That is what is in it for them.
- But it gets even worse… a significant portion of the ‘gift’ must go directly to support of jihad. In other words, our so-called ‘giving’ will then be used to buy munitions and bombs to use against us. Not a smart idea.
But this is what happens when bureaucrats get involved in a theocratic financial system that they are ignorant of the inner workings. Another plus for the Islamists is that organizations must hire Muslim scholars to bless the investments. Talk about the ultimate money-laundering scheme! I bet Al Capone and the Mafia would have loved to have such a government backed operation.
And of course there would be no accountability or oversight into how these ‘gifts’ are used. Once given they could be used for anything… legal or illegal.
Folks… our country is sinking fast. We had better start speaking up and find a way to stop up the plumbing before we have a major leak that threatens our very existance.








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