Sharia alert: What’s the Treasury Department up to now?
As if we didn’t already have enough to worry about as Hank Paulson’s Treasury Department presides over the behemoth, expanding bank/insurance/auto/all-purpose bailout, Frank Gaffney sends up a warning flare:
The U.S. Treasury Department is submitting to Shariah – the seditious religio-political-legal code authoritative Islam seeks to impose worldwide under a global theocracy.
As reported in this space last week, 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.”
“Islamic banking” is a euphemism for a practice better known as “Shariah-Compliant Finance (SFC).” And it turns out that this week the Treasury will be taking officials from various federal agencies literally to school on SFC.
The department is hosting a half-day course entitled “Islamic Finance 101″ on Thursday at its headquarters building. Treasury’s self-described “seminar for the policy community” is co-sponsored with the leading academic promoters of Shariah and SCF in the United States: Harvard University Law School’s Project on Islamic Finance. At the very least, the U.S. government evidently hopes to emulate Harvard’s success in securing immense amounts of Wahhabi money in exchange for conforming to the Islamists’ agenda. Like Harvard, Treasury seems utterly disinterested in what Shariah actually is, and portends.
Unfortunately, such submission – the literal meaning of “Islam” – is not likely to remain confined long to the Treasury or its sister agencies. Thanks to the extraordinary authority conferred on Treasury since September, backed by the $700 billion Troubled Asset Relief Program (TARP), the department is now in a position to impose its embrace of Shariah on the U.S. financial sector. The nationalization of Fannie Mae and Freddie Mac, Treasury’s purchase of – at last count – 17 banks and the ability to provide, or withhold, funds from its new slush-fund can translate into unprecedented coercive power.
Concerns in this regard are only heightened by the prominent role Assistant Treasury Secretary Neel Kashkari will be playing in “Islamic Finance 101.” Mr. Kashkari, the official charged with administering the TARP fund, will provide welcoming remarks to participants. Presumably, in the process, he will convey the enthusiasm about Shariah-Compliant Finance that appears to be the current party line at Treasury.
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Oh…I get it. As soon as you invest….
you watch your savings BLOW UP.
Friggin’ great….
They only need a few months and there will be nothing to stop any of this.
Wall street/treasury are so desparate they are willing to go along with any requirements of any group that is willing to invest in our economy.
Remember the golden rule;
He who has the gold, makes the rules.
And the Republican Party wonders why they got spanked! Again!
New Zealand is looking damm good right now.. a nice lil fly fishing cabin retreat. ahhhhhhhh
WTF! are they really that stupid.
(Not intendending to sound arrogant) This does not surprise me at all.
In my opinion, it appears that…
Secretary Paulson is a Trojan Horse.
While Conservatives gained considerable ground against Democratic Socialists in August, during the “Texas Tea Party” on the floor of the House of Representatives, all of that ground and much more was lost in the months of September and October with the Bailout.
Bush and McCain were foolish to support the Bailout. It cost Republicans the election.
Expect Paulson to stay on as Treasury Secretary should Obama not be challenged on the “Natural Born Citizen” prerequisite to the Presidency.
Paulson is not a Republican. He is a Democratic Socialist Communist. He helped manufacture stage 3: Crisis, and he will help bring about stage 4: Islamic/Communist Normalization.
“57 states” of the OIC, and “one left to go”.
In God we trust.
I don’t get it. Sharia “finance” means no interest on loans. Whether the Islamists will “loan” money at no interest, or banks couldn’t charge interest is unclear.
It would be nice to see my credit card interest drop to zero, but why anyone would issue credit cards like that (or make loans like that) is beyond me.
The interest paid will not be monetary. It will be socially when we have to face East to pray.
AJ,
does New Zealand allow guns?
I agree. I don’t understand it either, where are they going to make their money and run a bank.
Another push towards the next revolution…
I am so worried about this country that I am physically sick.
God Bless the USA
I can let you know a few names…
Yes, Bolt action hunting rifles only. No handguns. Oh and if you shoot someone in self defense, you go to jail and thier family can sue you into bankrupcy. But yes.
Wonder what that means for bank robbers?? Probably public beheading.
Just think of it this way, Your ass is facing mecca to the west.
The “interest” comes from being able to go back to that person and asking them to slit throats, strap on bombs and other assorted deathcult hobbies.
Don’t you understand? No one is going to care about “making money” in Obama’s new world! The concept of “money” is so out of style. My GRANDfather used money….
Does that mean I have to wrap what’s left of my money in a towel?
son,
hmm okay crossing NZ off my list
thanks.
And honor killings. Who here hasn’t wanted to strangle thier teenaged daughters and castrate thier boyfreinds??!!??
(well us old enough to have them anyway)
AJ #5 my thoughts exactly!!!
No problem, that comes from a real case BTW, the guy shot a burgler who was charging him with something in his hand. The guy died and the police arrested the home owner. He spent time in jail and lost everything to the dead criminals family. This is also the country that paid a criminal 10,000 for a broken leg he got while escaping from a jail because it was a “work related injury” I kid you not.
LC,
Yes. The Feds keep pushing us deeper into a corner. Eventually, we’ll do what a wild animal will do in that situation. I’m just glad that most of the military believes in Conservatism.
son,
dang that is NUTS!
The best place for fishing in the rivers of New Zealand is the South Island. It also has the cheapest land. My cousons wife is a real estate agent there.
Investment firms are doing this to get Gulf/Middle-East clients’ money in their portfolio.
In addition to various ideals, like not being able to charge someone for “renting money” it ultimately determines what securities can be traded in.
If the amount of capital in “Sharia Funds” gets very big, it -could- adversely affect the price of stocks/securities that are not considered “Sharia Compliant”. But I don’t think we’re even close to that yet. An example of a stock? Any casino would be the easy example. I don’t have expertise in this, so I can’t say much more about it, but I do know a little about it.
One of the problems with Sharia is that the specifics are not very specific. Even Sharia courts can’t precisely define some of the terms and issues. What’s the problem with that? Someone with ill intentions.. a judge perhaps… could apply an extreme view to a decision.
But the BIG problem with Sharia is… it has nothing to do with the US Constitution or US Law. And in my view.. has no place on our shores.
Dang-you, sonofdy! You made me spew my coffee!
Jet,
we have started a dang trend! lolo
Here’s a little primer from IBD back in February:
Exactly how would we integrate Sharia-Compliant Finance into our highly complex, non-Islamic economy?
What do you suppose the reaction would be if Treasury officials were attending a “Christian Finance 101″ seminar?
Something like BURN THEM!!!!
What’s Ireland like?
I remember reading somewhere that if BHO were to be elected, events and horrible changes would happen very rapidly.
Now why did I think things wouldn’t occur until after Jan 20th????
Lord Have Mercy upon us!
This is scary
yes, it’s scary that Obama is president when this stuff and more is going on. Everyone who feels safe, raise your hand.
Actually, this comes as no surprise. Over the past forty years, I have watched the country that I love, that I would give my life for, going down the tubes. I’ve watched people dishonor the flag, spit on the troops(I can remember being called a “baby killer” on more than one occasion), and blame America for everything that is wrong in the world.
I’ve watched the left become stronger and stronger, mainly because there are so many people that won’t stand up for what’s right and push back.
God is no longer allowed in the public schools, or anywhere in public life. Ironically, “Allah” is. We can’t pledge allegiance to the flag, because of the two words that were added in the ’50s.
We don’t teach our children right and wrong any more, but give them the feeling that “right” is a relative term. “Whatever feels right” is their mantra. I was always taught that my freedom to swing my arm stopped before it reached your nose. No longer. Free speech for thee, but not for me.
I am still proud of my country and its accomplishments, not because of the skewed mentality of the deranged left, but in spite of all their attempts to turn us into a Socialist state.
Now, however, it seems like the Socialists have won – at least this round. But if we accept this as inevitable, then we’ve done more than lost. We’ve sold our birthright for a mess of pottage.
JRLINGREENBAY posted this on another site. I’ve heard it before, but it becomes more and more relevant as the days go past: “A veteran is someone who, at one point in his life wrote a blank
check made payable to ‘The United States of America ‘ for an amount
of ‘up to and including my life.’ That is Honor, and there are way
too many people in this country who no longer understand it.”
Lan Astalem
no guns in Ireland.
Again we got begging to our enemies to bail us out and buy our debt because enviro wackos are too STUPID to allow drilling.
This is the beginning of the end…
This is unbelievable. Why are Americans so weak these days? I guess it starts with the weak ‘leadership’ and extends from there. Someone tell me when Saudi Arabian citizens got a vote in American politics. When do Americans get to vote on Saudi Arabian policy.
If it were me, I’d absolutely use the power of the US military to conquer Saudi Arabia and take their oil. I certainly wouldn’t be paying an arm and a leg for it and then asking them what we need to do to get them to give it back to us.
When America acts like this (from the government) we show that we really don’t deserve to be the superpower. Eventually when another superpower does rise up (likely Russia), they won’t be nice like us. . . and they’ll point to our pussilous ways to say that’s how everyone should do.
Hey, just because our kids aren’t tough enough for dodge ball in elementary school doesn’t mean they can’t face down the Islamic terror threat they’ll face as grown ups, right?
Since the Saudis don’t practice it, we shouldn’t be either. Do you seriously think there is no Saudi money in our financial system already? Neither charge nor take interest? How about the trillions in US Government debt they’re holding? Absurd.
i was never a believer in the conspiracy new world order skull and bones crap but either george bush has lost his mind, or there is something to this turning over america to the u.n and world banking conglomerates. scary.
Meanwhile, the stock market continues to tank for the Obamessiah, although I’m sure CNBC and Bloomberg are blaming it all on something (anything!) else.
It wouldn’t be possible. It would require a complete “start from scratch” re-making of our entire society, something that you will not be able to convince 270 million of us to do (the other 30 million I’m not so sure about).
That doesn’t make it any less offensive that the US Government is even paying lip service to this BS though.
Holy Crap ! ! !
Islamic Finance 101
What the _ell are these people drinking?
Has stupid been doped into the drinking water in DC? Is that the white substance in the mailroom?
Sharia Finance Watch
is an excellent website dedicated to following shari’a compliant financial instrument infiltration.
Despite assurances of shari’a complaint financial instruments stability . . .the real story emerges:
Sharia Investment In The Real World: Pakistan seeks $10bn from expats to avoid bankruptcy via telegraph.co.uk
Recent articles online:
Beware Fool’s Gold — and Shari’a Finance
America Must Not Bail Out Sharia Finance Jeffrey Imm, Anti-Jihad League of America 10-3-2008
The Threats of Sharia Finance
Replace capitalism with Islamic financial system: cleric
Islamic bankers see Sharia system strengthening as it overcame global financial meltdown
Barclays secures funds from Qatar and Abu Dhabi
‘Financial Terrorism’ Has To Be Considered
Islam Buys up The West, piece by piece
Iran hails world financial crisis as ‘end of capitalism’
Europe on the brink of currency crisis
Sarkozy: “Arabic Is the Language of the Future”
of Sharia finance, zakat and Islamic charities – fits Obama’s spreading the wealth
Brown Aims for London to Dominate Islamic Banking and Finance Bloomberg.com 13 June 2006
Islamic financial industry to benefit from UK debtShariaBanking.net Monday, 02 April 2007
New sharia row over Chancellor’s plans for ‘Islamic bonds’ via MailOnline 17 February 2008
FSA encourages growth of Islamic finance in UK banking-business-review.com 29th November 2007
Islamic banking sought by U.K. International Herald Tribune Published: WEDNESDAY, JUNE 14, 2006
*******
From a recent Jihadwatch.org thread, segment of interview discusses Islamic financial instruments: Geert Wilders with Robert Spencer
Robert Spencer:
Yes they are. Yes. In many cases it’s because of very short sighted political or economic calculations. Of course, Sharia finance is a very grave problem with the wholesale buying up of so much of Western properties, Western capital assets. . .so many things. What would you say to bankers, to financiers, to economists who think that it’s a simple necessity to make various concessions and accomodations to deal with the Islamic world and Islamic finance?
Geert Wilders:
I say to them, to bankers as I say to other people that are accomodating . . .It sounds in the short term it might sound attractive to your business but in the long term you will pay the price and the price will be that you will have nothing to say anymore about your investment, about your bank . ..it will be gone entirely. It will be out of your hands. Don’t think you are dealing with a Swiss bank or Bank from the Caribbean whatsoever. You are dealing with a bunch of people that at the end of the day want to submit you, to rule you, and want to enforce on you their ideology. You will have nothing to say and you will have helped them making your own grave. This is something that people should be aware of, they should not do.
Soon we’ll be paying tribute.
Speaking og which … how many of you are aware that the quoted phrase does not appear on the new dollar coin being pushed by – especially – the US Post Office?
Join the revolt – if you get one of these coins anywhere … refuse to accept it and ask for a paper dollar instead.
If you’re interested in Melanie Phillips’ take: http://www.spectator.co.uk/melaniephillips/2570486/selling-us-all-to-saudi-arabia.thtml
Take the class, or learn what it is about. Big deal. Once it is learned what Sharia Law is and the requirements thereof, it will be obvious that our markets will find it difficult if not impossible to accommodate it.
Bruce, your comment about “In God We Trust” is only partly true.
In fact, if you happen to get a hold of one that is missing “In God We Trust”, keep it. It will be worth some money someday.
zyzzyg, it is a big deal. But by all means, troll away.
You’ll be disturbed to learn that many investment firms in the US operate under Sharia Compliance. Their goal is to secure investments from Gulf and Middle-East states.
Basically, it controls what securities you can invest in, among other things.
What does it mean? Well, it could mean, if it became widely used, that certain stocks considered “evil” would be less sought after and their value would drop.
This is just one aspect of SFC.
However, the most disturbing aspect of it is the willingness for government to apply Islamic Law to our financial system while prohibiting Christian observance of any kind in the public square.
None of of this, I’m sad to say, is a good sign and a KEY reason why you NEVER EVER give one person… Paulson… control over anything.
Has President Elect Barack Hussein Obama been informed of this? Surely in the interest on our Constitutional autonomy President Elect Barack Hussein Obama would not tolerate such invasive meddling.
The people have chosen a new path-one which I do not intend to follow. Deputy Secretary of the Treasury Robert Kimmitt is merely setting up the framework for part of that path.
Obaminites: may your camels, goats and harem increase and Allah be with you all. For me, I bunker down and will not march willing into the re-education camps.
If you don’t own a gun-get one-anyway you can..
Sorry, but not true. It is etched on the edges of the coins, along with “E Pluribus Unum” and the year the coin was minted.
Kaskari scares the crap out of me for a lot of reasons…
Alternatively,
Is Barack Hussein Obama a Jihadist Muslim?
So it’s not okay for Muslims to impose their religion on anyone, but it’s just peachy is Christians decide to do it. Hypocrites.
Financial Sharia is clever but difficult. Too difficult. Look at how lazy we are (even financially).
Am I being naive? I hate it when that happens.
Harvard will do anything for money.
This is real people. Get your guns and ammo now – I think he will tax ammo to prevent people from defending themselves.
WAIT, i DON’T EVEN OWN A GUN…Yikes…
Muslims KILL you if you resist, evangelicals Christians want you to know Jesus loves you. Can you see a difference?
Omu, your’re not the brother lgm never talks about are you?
There is no such thing as “integrating” Sharia into anything.
It is a tumorous code of law designed for one purpose in a “foreign” land such as the USA: convert, pay the tax, or die.
Wreck the oil economies of Saudi Arabia, Iran,and while we are at that- Venezuela- now or reap the whirlwind when our newly elected Messiah decides to “stand with Muslims” as he promised to do.
Name the laws where Christians have imposed their religion on you.
On November 6th, 2008 at 12:32 pm, Omu said:
There are plenty of Muslim nations in this world. They impose their religion on everyone there.
Don’t try bringing that here to the United States, which was founded as a Christian Nation (the Supreme Court said so itself) with religious freedom for all.
I hear that burquas are cheap this time of year.
A brief history lesson. The Russian revolution succeeded in 1917 in large part because the Tsar’s troops refused to shoot the peasants who were revolting. Our sons and daughters in the military will not fire on us.
You are correct – I should have investigated what I got from a usually reliable source before moving ahead with it. Of course where the phrase was put renders the point almost moot anyway. On the coins edge? WTF?
That said – what is NOT in dispute on these new coins is that the word “LIBERTY” is definitely not present. As bad, in my opinion. Might also be a precursor of the result of an Obamanation.
Is this lgm using different initials now? can anyone possibly be this stupid.
Rhetorical question – never mind. The last election proves my point.
It’s not creeping sharia, it’s galloping sharia.
A preview:
http://www.ameristan.net/
Holy Hell.
Irresponsible do-gooders. Tolerance, Euro-style (which means we’re going beyond tolerance to taking the first steps toward dhimmidiocy). Is jizya mentioned in this seminar? Americans have learned nothing.
Never gave any serious thought to buying a gun until this last week or so. I’m starting to see the point.
Lan astalem.
The edge has now been moved back to the face.
http://www.snopes.com/politics/religion/dollarcoin.asp