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Did China or Jihadists try to bankrupt America?
Daily Mail ^ | Last updated at 10:16 PM on 1st March 2011 | Daily Mail Reporter

Posted on 03/01/2011 3:12:04 PM PST by Niuhuru

Full Title:

"Did China or Jihadists try to bankrupt America? Pentagon report reveals financial terrorists may have triggered economic crash"

Terrorists and other 'financial enemies' were likely responsible for the near collapse of the U.S. financial system in 2008, a new Pentagon report has concluded.

The 2009 report, Economic Warfare: Risks and Responses, said financial terrorism by Jihadists or countries such as China may have cost the global economy $50 trillion in a series of co-ordinated strikes against the U.S. economy.

In an astonishing conclusion, the report claims two unidentified traders deliberately devalued trillions of dollars' worth of stocks at the height of the crisis

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: 091508; 092808; 2008; 200807; 200809; 20080915; 2008election; 2009; america; attack; ccx; chicagoexchange; china; crash; economicattack; economics; economicwarfare; economy; financialattack; financialterrorism; financialterrorists; jihad; meltdown; mortgagecrisis; ohio; pentagon; pentagonreport; report; russia; stockmarket; stocks; stocktraders; terrorist; terrorists; traders; twotraders; wallstreet
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Could be. I admit that people have been living BEYOND what they are truly able to afford, but I do have to wonder, really wonder if some sophisticated terrorism didn't in fact pull the final trigger.
1 posted on 03/01/2011 3:12:06 PM PST by Niuhuru
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To: Niuhuru

SOROS.


2 posted on 03/01/2011 3:14:39 PM PST by Crim (The Obama Doctrine : A doctrine based on complete ignorance,applied with extreme incompetence..)
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To: Niuhuru

who knows..i got a feeling many cards were maxed to elect Obama. What i really want to know is where the money went in the first bailout.


3 posted on 03/01/2011 3:14:55 PM PST by dalebert
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To: Niuhuru

Whatever catagory George Soros falls into.


4 posted on 03/01/2011 3:16:29 PM PST by exnavy (May the Lord bless and keep our troops.)
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To: Niuhuru

http://www.youtube.com/watch?v=jIeFfK1kZPM

Soros....has top be...


5 posted on 03/01/2011 3:16:35 PM PST by Crim (The Obama Doctrine : A doctrine based on complete ignorance,applied with extreme incompetence..)
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To: dalebert

George Soros.


6 posted on 03/01/2011 3:17:15 PM PST by exnavy (May the Lord bless and keep our troops.)
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To: exnavy

I am utterly amazed that this man has not met an ‘accident.’


7 posted on 03/01/2011 3:17:49 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Crim

Wouldnt it be nice to remove him from all his money and give him a walmart carrage and a card board box on a NY corner


8 posted on 03/01/2011 3:19:48 PM PST by ronnie raygun (V)
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To: Niuhuru

Probably not the jihadists. They know they caused economic damage with 9/11 and other terror attacks but what they’re describing here is way too sophisticated. The Chinese on the other hand...? As for Soros, he would do it in a heartbeat if he could.


9 posted on 03/01/2011 3:20:37 PM PST by Triton42
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To: Niuhuru

The people in D.C. have been doing a good enough job at this. Hardly think they need outside help.


10 posted on 03/01/2011 3:20:49 PM PST by all the best
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To: dalebert
What i really want to know is where the money went in the first bailout.

"Paybacks"...to line the coffers of dem campaigns via unions.

11 posted on 03/01/2011 3:21:46 PM PST by Jane Long (2 Chron 7:14)
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To: Niuhuru

And so are the socialist evil traitors called,

DEMONRATS!!!

ALL of these factors are combining with the normal process of the destruction of the dollar lead by the FED.

The FED is the THIRD CENTRAL BANK and is UNCONSTITUTIONAL.

We need real honest money, not the manipulated, destroy the middle class bogus excuse for money called “Federal Reserve Notes.”

They actually represent a zero interest treasury, when you think about it. It is only good as long as the American people can pay their taxes. Without jobs, without the world wanting green pieces of paper, they are TOTALLY worthless.


12 posted on 03/01/2011 3:22:32 PM PST by TruthConquers ( Delendae sunt publicae scholae)
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To: Crim

It was too big for just him. Add it other big hedge funds, China, Saudi Arabia, leftist Dems, etc. This was set up years earlier by CRAs, Rahm and Gorelnick and Fannie & Freddie, The Sandlers dumping World Savings just before the blow up on Wachovia, Rubin at Citicorp and the list goes on.

Happened about 3 months before the election. Many of the options and futures went through....Chicago exchanges. I knew this was what was going on when it was happening. They made tens of billions and got their islamo-boy in the white hut.


13 posted on 03/01/2011 3:24:55 PM PST by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
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To: Niuhuru

This is such massive BS!

This started because of the CDOs and other debt instruments.

Now the game is blame it on anyone except the ones who started this mess:

Goldman Sacs, JP Morgan, Wells Fargo, and the rest of the boys.

Soros and the rest of the kids with the candy routed the market in July 2008 because McCain was leading Obama in Ohio, the bellweather state. What better way to roil people and demonstrate the economy in turmoil than rock the market. Point is, they went too far.

Calls are getting louder for prosecution of people who now work for the government in many cases.

Hence, the propaganda and BS about the “enemy.”

Pogo said it best, “We have met the enemy and he is us!”


14 posted on 03/01/2011 3:26:56 PM PST by OpusatFR
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To: Niuhuru
I would assume first someone who has previously made such efforts to cause economic collapse: George Soros, who openly brags that he is "The Man Who Broke the Bank of England", by creating a currency crisis.

Jihadis have neither the expertise or the access to do this, and it is not currently to the Chinese interest to do so.

Photobucket

15 posted on 03/01/2011 3:28:13 PM PST by yefragetuwrabrumuy
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To: Crim

Agreed. This was a coup by Soros. They got their tool in place by manipulating the election and markets.


16 posted on 03/01/2011 3:30:32 PM PST by PA Engineer (Liberate America from the occupation media. There are Wars and Rumors of War.)
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To: Niuhuru

Derivatives need to be banned.

They are weapons of mass financial destruction.

The banks love them. That tells you all you need to know.


17 posted on 03/01/2011 3:30:58 PM PST by LowTaxesEqualsProsperity
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To: Frantzie

“Happened about 3 months before the election. Many of the options and futures went through....Chicago exchanges. I knew...”

These SOBs are trying to deflect some mighty righteous anger.

“Republican presidential candidate John McCain moved from being behind by 6 points among “likely” voters a month ago to a 4-point lead over Democrat Barack Obama among that group in the latest USA TODAY/Gallup Poll. McCain still trails slightly among the broader universe of “registered” voters. By both measures, the race is tight.

The Friday-Sunday poll, mostly conducted as Obama was returning from his much-publicized overseas trip and released just this hour, shows McCain now ahead 49%-45% among voters that Gallup believes are most likely to go to the polls in November. In late June, he was behind among likely voters, 50%-44%.”
http://realclearpolitics.blogs.time.com/2008/07/28/gallupusa_today_poll_mccain_4/

It was right after this with McCain moving ahead, and frankly, Palin re-energized the party, that the market died.

They killed the economy to get their boy in. It’s Soros and the rest of the billionaires.

Heads need to roll.


18 posted on 03/01/2011 3:32:19 PM PST by OpusatFR
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To: OpusatFR

You are correct sir.

And notice that not one of the Wall Street criminals who pocketed hundreds of billions with their leveraged derivative plays on crap housing debt has gone to prison, not one.

They own both parties.


19 posted on 03/01/2011 3:32:31 PM PST by LowTaxesEqualsProsperity
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To: Niuhuru
I don't believe a word of this. We gave away millions of homes to people who couldn't pay for them and then turned that system into a financial instrument. We then sold that to the rest of the world. This is our own fault and the leaders of the nations who bought that crap.
20 posted on 03/01/2011 3:33:49 PM PST by grapeape (Blitzshield.com - making football safer)
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To: Niuhuru

Yes, I’ve thought that many times myself.


21 posted on 03/01/2011 3:34:58 PM PST by exnavy (May the Lord bless and keep our troops.)
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To: exnavy

George Soros.

Don’t forget Maurice Strong who happens to be living in China.


22 posted on 03/01/2011 3:35:28 PM PST by marstegreg
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To: OpusatFR

The Pentagon should focus on fighting and winning wars, not financial analysis.

It did not take the Red Chinese, the Russkies or the Jihadists to take down Bear or Lehman.

They were rotten extremely overleveraged plays on crap housing loans made to people who couldn’t afford a house.

Lots of Americans made money shorting Bear and Lehman to where they were fairly valued, in bankruptcy.


23 posted on 03/01/2011 3:35:44 PM PST by LowTaxesEqualsProsperity
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To: Niuhuru
the report claims two unidentified traders deliberately devalued trillions of dollars' worth of stocks at the height of the crisis

Firstly, regardless of whether the claim is true, the statement makes no sense: one cannot "deliberately devalue" stocks, especially trillions of dollars' worth of stocks.

Secondly, I would like to know what specifically two traders could do to affect the value of that much equity.

As is stands, this sounds like pure, unadulterated garbage.

24 posted on 03/01/2011 3:38:17 PM PST by TopQuark
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To: OpusatFR

The Pentagon should focus on fighting and winning wars, not financial analysis.

It did not take the Red Chinese, the Russkies or the Jihadists to take down Bear or Lehman.

They were rotten extremely overleveraged plays on crap housing loans made to people who couldn’t afford a house.

Lots of Americans made money shorting Bear and Lehman to where they were fairly valued, in bankruptcy.


25 posted on 03/01/2011 3:38:31 PM PST by LowTaxesEqualsProsperity
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To: TopQuark

It is garbage.

If this is the quality of all Pentagon “analysis”, we are in trouble.


26 posted on 03/01/2011 3:39:49 PM PST by LowTaxesEqualsProsperity
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To: Niuhuru

Just point your finger to our Career Politicians who think they can micro manage a free market. Throw the bums out in 2012.


27 posted on 03/01/2011 3:39:54 PM PST by steveab (When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
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To: Niuhuru

Soros and Maurice Strong. Strong writes here about how we should let the Chinese buy Detroit. He seems to have thought this out.
http://network.nationalpost.com/np/blogs/fpcomment/archive/2009/02/05/maurice-strong-let-china-buy-detroit.aspx


28 posted on 03/01/2011 3:42:29 PM PST by marstegreg
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To: Niuhuru

We don’t need help. We can bankrupt ourselves, thank you.


29 posted on 03/01/2011 3:43:19 PM PST by ryan71 (Dear spell check - No, I will not capitalize the "m" in moslem!)
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To: Niuhuru

Wasn’t there a HUGE computer transfer of money out of the US early in the crisis? By HUGE I mean far beyond Soros, far beyond the first dozen on the annual World’s Richest list combined, far beyond the market cap of Exxon or GE or Microsoft. So much money that it eliminates a lot of suspects. So much money that it suggests sovereign wealth and leaves few choices there.


30 posted on 03/01/2011 3:44:18 PM PST by omega4412
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To: Crim
Soros....has to be...

Could be Martians as well.

A run on the bank is a withdrawal from many deposit accounts in a short period of time. It is the opposite of what you imagine -- a large withdrawal by a single depositor.

Jumping to conclusions and attributing nonexistent sins to opponents do not help.

31 posted on 03/01/2011 3:44:59 PM PST by TopQuark
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To: exnavy

See post 31.


32 posted on 03/01/2011 3:45:44 PM PST by TopQuark
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To: Niuhuru

I guess I’m just cynical (two years of Obama will do that - I can’t imagine what I’ll be like after two more years), but this sounds to me like a tactic to divert attention away from the internal enemies of America who are trying to destroy us.


33 posted on 03/01/2011 3:46:10 PM PST by jda ("Righteousness exalts a nation . . .")
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To: dalebert

What i really want to know is where the money went in the first bailout.

According to Rush, 75% of the stimulus Wisconsin recieved went to “Infrastructure and education” a.k.a. Unions. Once laundered, I believe the taxpayers are paying for all these worldwide union revolts. We seem to be funding our own demise.


34 posted on 03/01/2011 3:55:41 PM PST by marstegreg
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To: Niuhuru

Bill Gertz also wrote about this report in The washington Times and was discussed here this morning.

http://www.freerepublic.com/focus/f-news/2681747/posts


35 posted on 03/01/2011 3:55:56 PM PST by tirednvirginia
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To: OpusatFR
Now the game is blame it on anyone except the ones who started this mess: Goldman Sacs, JP Morgan, Wells Fargo, and the rest of the boys.

Like many other people here on FR, you are not bothered with the fact that your falsehoods are the same as those promulgate by Marx, Hitler, Mussolini and now our own Left, do you?

Hitler claimed that financiers started WW I -- it was profitable for them -- and made Germany lose that war --- that too was profitable. Never mind logic (instability of any kind has always been the worst enemy for a financier) or facts. Every German knew that Hitler was right; no proofs were necessary.

The same was said in the Soviet Union: all wars --- WW II, in Korea, in Vietnam, in the Middle East --- are started by the capitalists and especially the financiers. And all Soviet people knew that to be true and never asked for proofs.

You too repeat the same garbage. And you too just know it to be true.

Well it is your moment in history, enjoy; you have great many kindred souls --- all those that swallowed and repeat commie propaganda and yet think of themselves as conservatives. The commie in the White House agrees with you completely and thanks you for doing his dirty work.

36 posted on 03/01/2011 4:01:15 PM PST by TopQuark
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To: LowTaxesEqualsProsperity
If this is the quality of all Pentagon “analysis”, we are in trouble.

I thought so too. Some political hack writing this for some unknown reason -- I'd understand that. But Pentagon?

37 posted on 03/01/2011 4:03:36 PM PST by TopQuark
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To: TopQuark

And just what do you think a synthetic CDO is?

Who wrote it? Who SOLD IT? And who bought it?


38 posted on 03/01/2011 4:03:58 PM PST by OpusatFR
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To: AuntB; SunkenCiv; Kaslin; SandRat; ExTexasRedhead; justiceseeker93

This really makes me wonder.


39 posted on 03/01/2011 4:06:59 PM PST by Clintonfatigued (Illegal aliens commit crimes that Americans won't commit)
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To: TopQuark

“Like many other people here on FR, you are not bothered with the fact that your falsehoods are the same as those promulgate by Marx, Hitler, Mussolini and now our own Left, do you?”

BTW, you lost: Godwin’s Law.


40 posted on 03/01/2011 4:07:41 PM PST by OpusatFR
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To: Niuhuru

We had run up $50 trillion in government and corporate debt, nearly half of which was in financial shell games. We know where the problem is, no need to go looking for hidden boogeymen when the bad actors are right out in plain view.


41 posted on 03/01/2011 4:12:30 PM PST by DaisyCutter
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To: TopQuark
Suppose that the "law" is true. Suppose that a highly probable event does occur: what does that prove?

You can't think on any subject, can you? You offer no evidence that you've encountered causal reasoning in any substantive area.

More importantly, why such a cowardly cop-out: why not demonstrate that (i) your an opinions are based in fact, (ii) your statements differ from those of Marx, Hitler and Mussolini, as I claimed. That would certainly prove me wrong.

But that would require some knowledge of facts and the ability to reason, wouldn't it?

Finally, you must be lacking any remnants of intellectual honest if you think that my post, or discussions here on FR, is some sort of a game that someone wins or loses.

You are correct in a different sense: I lose because communist scum supported by "conservatives" like you is destroying the country.

But to morons like you it is a game. No, it's not an insult: the word refers to someone with arrested development -- someone of adult age playing childish games, for instance.

Well, enjoy your sandbox.

42 posted on 03/01/2011 4:24:45 PM PST by TopQuark
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To: Niuhuru
So, in addition to the Market being rigged for the big, institutional players in the US...and manipulated by the Fed via the PPT, we now have foreign entities manipulating it through false trades and bogus puts?

Who could possibly trust such an "institution"? Why has not ALL money been pulled from All Market institutions and equities and bonds traded peer-to-peer?

This is very, very serious stuff folks. It's like finding out the dollar is only paper.

43 posted on 03/01/2011 4:28:35 PM PST by Mariner (USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
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To: OpusatFR

On Sep 18, 2008, at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two.

The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there.

If they had not done that, their estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.

I wish the Repubs would investigate this.....it was right before elections, McCain ran back to WH...and Obama ran the meeting. I believe that cost McCain the Presidentcy.


44 posted on 03/01/2011 4:33:45 PM PST by Engedi
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To: ronnie raygun

“Wouldnt it be nice to remove him from all his money and give him a walmart carrage and a card board box on a NY corner”

How about Bernie Madoff’s CELLMATE???!!!


45 posted on 03/01/2011 4:34:13 PM PST by Frank_2001
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To: OpusatFR
"And just what do you think a synthetic CDO is? Who wrote it? Who SOLD IT? And who bought it?"

If you imply that CDOs were exchanged between institutional investors, including the banks, you are absolutely correct.

Have you noticed a jump: the previous statements were about the parties' allegedly causing the "mess."

If you make such startling claims, you should explain yourself. In paricular, how CDOs are related to and how they caused the mess.

Before you get into causality, you should explain what you mean by the "mess." Hint; we had more than one crisis --- the credit crisis and the housing bubble, for instance.

Rhetorical remarks "what about the air in New York" and other unrelated stuff do not help.

46 posted on 03/01/2011 4:34:22 PM PST by TopQuark
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To: TopQuark
Secondly, I would like to know what specifically two traders could do to affect the value of that much equity.

I'm recalling a really bizarre and ludicrous tale of "oopsie," pushing the "wrong button."

Twice. Just coincidental, I'm sure.

47 posted on 03/01/2011 4:37:26 PM PST by RegulatorCountry
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To: Niuhuru

Catastrophic Bump


48 posted on 03/01/2011 4:41:21 PM PST by WashingtonSource
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To: RegulatorCountry
I'm recalling a really bizarre and ludicrous tale of "oopsie," pushing the "wrong button."

I am sorry, but your recollections don't help me a single bit until you tell me what they are.

49 posted on 03/01/2011 4:50:45 PM PST by TopQuark
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To: Triton42
I wouldn't be so quick to dismiss jihad so fast. "Sharia compliant finance" is a recent fiction which attracts a lot of western financial institutions despite the flashing warning lights of it's not so gleeming track record. Read about this fiction @DanielPipes blog: "Islamic Economics: What Does It Mean? "
Islam and Mammon, a brilliant book by Timur Kuran, written when he was (ironically, given heavy Saudi backing for Islamic economics) King Faisal Professor of Islamic Thought and Culture at the University of Southern California. Now teaching at Duke University, Kuran finds that Islamic economics does not go back to Muhammad but is an "invented tradition" that emerged in the 1940s in India. The notion of an economics discipline "that is distinctly and self-consciously Islamic is very new." Even the most learned Muslims a century ago would have been dumbfounded by the term "Islamic economics.. .Proponents of Islamic economics make two basic claims: that the prevailing capitalist order has failed and that Islam offers the remedy.To assess the latter assertion, Kuran devotes intense attention to understand the actual functioning of Islamic economics, focusing on its three main claims: that it has abolished interest on money, achieved economic equality, and established a superior business ethic. On all three counts, he finds it a total failure."
Those familiar with sharia law understand that the infidel does not stand a chance in recovering their investment in an Islamic judgement. Invest at your own risk . . .and keep an eye on your own financial advisors/banks investments. As for me and mine, I'm avoiding sharia friendly finance like the plague. With our current admin attempting to restructure Fannie and Freddie . . . I wouldn't put it past them to bow to sharia there too.
50 posted on 03/01/2011 4:52:06 PM PST by wtd
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