GayandRight

My name is Fred and I am a gay conservative living in Ottawa. This blog supports limited government, the right of the State of Israel to live in peace and security, and tries to expose the threat to us all from cultural relativism, post-modernism, and radical Islam. I am also the founder of the Free Thinking Film Society in Ottawa (www.freethinkingfilms.com)

Wednesday, November 05, 2008

Shariah Banking coming to the US???

There's a price that the west is going to have to pay for having the Saudis and other muslim states re-invest their petro-dollars...
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.

5 Comments:

Anonymous Anonymous said...

Dontcha know that soon we'll all be stoning to death 13 year old girls who suffered gang-rape because Sharia considers the fact she was sexually violated to equate adultery? Shame on you - be a multiculturalist. All cultures are of equivalent worth, so there is nothing wrong with Islamic law and practice.

The barbarians are at the gate, and they're waving the Koran. Good luck to all who are aiding and abetting the seeping of islamism into free societies. They will be the first to suffer, since no one in his right mind will trust someone who was once a turncoat, especially the anointed of Allah.

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Anonymous Anonymous said...

I have to say that people are very ignorant and paranoid about the Shariah and would so well to get their facts straight. Secondly, perhaps you are all unaware that Islamic Banking in the U.S. is one of the only forms of banking that has not suffered throughout this economic collapse. I think it would do Americans some good to be more objective and take a look at the benefits of Islamic banking, which has proved to be a far better option then capitalist banking.

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