Skip to comments.Some REALLY Bad Ideas on How to Solve America’s Debt Problems
Posted on 08/10/2011 9:21:11 AM PDT by LSUfan
Not surprisingly, the financial jihadists are promoting Shariah as the solution to Americas debt problems.
Weve seen this before. Back in 2008, in the wake of the subprime mortgage debacle and near-financial meltdown, the financial jihadists insisted that Shariah-compliant finance would have avoided the whole mess.
Despite all this, we all know that unfortunately, the financial jihadists have plenty of useful idiots at their disposal in the Western financial services industry and the Western news media...
(Excerpt) Read more at shariahfinancewatch.org ...
Dubai is Shariah-compliant, and that didn’t stop them from melting down.
The problem with Shariah-compliant finance is not that “financial jihadists” are behind it, it’s that lending to businesses in exchange for partial ownership, instead of a debt covenant, can pose unique problems. What happens when there is a rush for cash? To raise cash, a bank tries to liquidate its holdings. But shares of ownership in a non-exchange traded company are illiquid. The bank is either forced to take a huge loss on the sale transaction, perhaps even impairing the balance sheet of the bank, or the bank’s depositors get shafted. In such a rush for cash, all business values get marked down, thus calling into question the balance sheets of all banks in the system.
A Short Course on Shariah & the Muslim Brotherhood
A really good idea; stop this sh*t:
BiLLIONS FOR JIHAD!
Obamas 2009 Supplemental Appropriations for Iraq, Afghanistan, Pakistan, and Pandemic Flu was revised and passed by the full committee.
It gives billions http://creepingsharia.wordpress.com/2009/05/1...
of U.S. taxpayer dollars to countries and entities that support Sharia law and/or harbor, hide and support those who want to destroy the U.S. and our allies.
Read the summary from David Obeys office that was quietly released last week with nary a word from any media.
$3.6 billion, matching the request, to expand and improve capabilities of the Afghan security forces
$400 million, as requested, to build the counterinsurgency capabilities of the Pakistani security forces
Afghanistan:$1.52 billion,$86 million above the request
West Bank and Gaza:$665 million in bilateral economic, humanitarian, and security assistance for the West Bank and Gaza
Jordan:$250 million,$250 million above the request, including $100 million for economic and $150 million for security assistance
Egypt:$360 million,$310 million above the request, including $50 million for economic assistance,$50 million for border security, and $260 million for security assistance
Pakistan:$1.9 billion,$591 million above the request
Iraq:$968 million,$336 million above the request
Oversight:$20 million,$13 million above the request, to expand oversight capacity of the State Department, USAID, and the Special Inspector General for Afghanistan to review programs in Afghanistan, Pakistan and Iraq
International Food Assistance:$500 million,$200 million above the request, for PL 480 international food assistance to alleviate suffering during the global economic crisis
Refugee Assistance:$343 million,$50 million above the request, including humanitarian assistance for Gaza. Funding for the UN Relief and Works Agency programs in the West Bank and Gaza is limited to $119 million (Note: Gaza = Hamas)
Disaster Assistance:$200 million to avert famines and provide life-saving assistance during natural disasters and for internally displaced people around the world, including Somalia, Zimbabwe, Ethiopia, the Middle East and South Asia
Peacekeeping:$837 million for United Nations
peacekeeping operations, including an expanded mission in the Democratic Republic of the Congo and a new mission in Chad and the Central African Republic
Department of Justice:$17 million, matching the request, for counter-terrorism activities and to provide training and assistance for the Iraqi criminal justice system
Obama gives your tax dollars to rebuild Muslim mosques around the world
ACCORDING TO THE ASSOCIATED PRESS, THE OBAMA ADMINISTRATION WILL GIVE AWAY NEARLY $6 MILLION OF AMERICAN TAX DOLLARS TO RESTORE 63 HISTORIC AND CULTURAL SITES, INCLUDING ISLAMIC MOSQUES AND MINARETS, IN 55 NATIONS. See the State Department document here.
And THATS just the tip of the iceberg.
THIS will blow your mind!!
They should have 2010 up, but they dont. Thats where youll find Obamas largesse towards Muslim countries really go off the charts.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.