It’s coming in under the guise of Shari’a Finance as a cure-all for the global recession, but right behind it is Shari’a Law and all the theocratic human rights abuses for which Islam is famous.
And our Muslim President together with the US Treasury Dept. are leading the way.
FRANK GAFFNEY: Treasury Dept. submits to Shari’a
The U.S. Treasury Department is submitting to Shari’a – the seditious religio-political-legal code authoritative Islam seeks to impose worldwide under a global theocracy.
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 “Shari’a-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.
And it gets worse, read more: treasury-submits-to-shariah
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But don’t be fooled into thinking Shari’a is the magic bullet. Massive layoffs at Islamic banks prove otherwise.
The ranks of the unemployed now include thousands recently laid off from Jordan’s largest bank, which controls 70% of Jordan’s banking, a week after it announced record profits and said it had no intention of laying off staff.
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