Sharia Finance: Last Gasp of a Doomed American Economy?

creepingsharia ^ | 12/11/08

[Sammy67]

Over the next year, the U.S. government will need to borrow somewhere in the neighborhood of $1 trillion, the most ever by far. Estimates go as high as $2 trillion, depending on how quickly the economy cools and how fast tax revenues fall. The simple question most of America has not asked is this: Where is the money going to come from? The federal government already knows the answer to that question, and it has implications Americans are not ready for but will soon be faced with.

America is going cap in hand to Middle East oil exporters. What government officials are not telling you is this: Islamic money comes with strings attached. Yes, sharia law “stipulates that money must not be used for a purpose incompatible with Islam” (Financial Times, April 26, 2007; emphasis mine). America will increasingly have to comply with sharia law, and what that entails isn’t pretty.

Sharia law is the religio-political-legal code that political Islam seeks to impose worldwide. With regard to banking, it bans the payment and collection of interest (a principle taught in the Bible as well), restricts what type of companies investors can be involved with (meaning no pork or alcohol handlers, etc.) and, in some cases, is blatantly used for the express purpose of working toward overthrowing the U.S. Constitution and

[SkyDancer]

Sharia law also states that having medical insurance is un-Islamic because it’s a form of gambling ....

[screaminsunshine]

We need to file one great big giant bankruptcy and start over before it is too late.

[Argus]

Our incoming President is already a Muslim so converting the rest of us shouldn’t be so hard.

[2banana]

Sharia Law - why the all the muslim countries of the middle east (without oil) have the lowest economic activity and highest poverty rates in the world. The is a difference to economic models that work and waking up with your luck @ss sitting on a bunch of oil.

[Puppage]

Our incoming President is already a Muslim so converting the rest of us shouldn’t be so hard.

Sorry, I have other plans.

[Niuhuru]

Same here. The gun I plan on buying objects strenuously.

[atc23]

"Our incoming President is already a Muslim so converting the rest of us shouldn’t be so hard."

As well, we don't have to worry about Sharia strings attached money going for the "express purpose of overturning the U.S. Constitution" either. Been there, done that. The President Elect is a freeking Indonesian

[atc23]

Does anyone else remember when "Slouching Towards Gommorah" was our greatest worry. My how time flies.

[Niuhuru]

Yep.

[musicbymuzak]

i’d rather have gomorrah than sharia finance

[JeepInMazar]

Read the Truth For Muslims article about Shariah Finance.