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Author Topic: Obama & Sharia Finance, a connection?  (Read 1784 times)
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WhiskeyGirl
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« on: March 20, 2010, 06:54:20 AM »

Here is an interesting internet article -

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We all know what the words “debt,” “taxpayer,” and “interest” mean, but how many people know what the words “jizya”, “dhimmi” and “Grameen” mean? In order to understand the precipice of disaster that the banking system is resting upon today, one must understand all these words, and then some. No solution can be found by only understanding the first three. Only an illusion of understanding exists until the latter, and more, like “jihad” and “Sharia Law”, are considered.

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Notice this is not an out-of-context rant demonstrating Islamophobia. This comes from the Koran itself. It is quotes like these that form the basis of Sharia Law.

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Well, it is a banking movement supposedly for the poorest among us. A proposed mix of capitalism and social responsibility, created by a man named Muhammad Yunus, that accommodates the religion of Islam at the expense of everyone else. It is banking based on making risky, Sharia-compliant loans to those least able to repay and financed by those with the most ability to do so. (Notice the hint of Karl Marx there? – From those according to their ability to those according to their needs.)

Heralded by so many corners, like the United Nations, the Nobel Peace Prize committee and the progressive left in this country, Grameen banking is to be the solution to all the world’s ills. Sound familiar? It should. Think about Fannie Mae and Freddie Mac, think ACORN, think home loans, think about Clinton’s almighty forecasted surplus. Think about Obama stimulus claims, cash for clunkers and economic justice. Think Van Jones.

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Imagine this situation. You have a bank savings account with a balance of a hundred thousand dollars. You also hold a home mortgage of about the same amount. Your bank leverages your money fractionally and then makes Sharia compliant loans abroad for nine hundred thousand dollars, set beside your mortgage. You pay all interest on that mortgage, while your savings earns next to nothing, but as it pertains to the rest of that cool million – not so much. So what is the big deal?

Well, here is the big deal. That bank finds itself over-leveraged as a result of it’s attempted social engineering and unable to meet the demand for withdrawals. Remember that hundred grand you have saved? Well, you have decided to pay for your grandson’s college instead of seeing him saddled with student loans. In order for your bank to cover your withdrawal, it requires a taxpayer funded bailout so it doesn’t fail. Do you see it yet?

You pay interest on the front side of loans that you take on, and now you pay taxes on the backside to fund a bailout because your bank used your money to make social engineering investments that do not provide enough returns to sustain it’s own chosen activity. This so that do-gooders can “spread the wealth around”. Many avenues to accomplish this spreading have been developed. Think “green”. Environmentalism is the ultimate social engineering tool useful in every branch of government to the ends of controlling private business.

read the whole article here - http://biggovernment.com/centralillinois912project/2010/03/04/shorebank-sharia-law-and-bank-bailouts/

Questions from the article -

Why are community-based banks, like ShoreBank and its affiliates, financing projects in Kenya?

Why does the United States send seemingly endless amounts of taxpayer dollars to Egypt, Jordan, Pakistan and others in the form of “military and economic aid”?

Why does the United State’s government force the purchase of oil and natural gas from Muslim and socialist dominated-countries by legislatively or judicially disallowing access to resources found here in our own neck of the woods?

Why did Al Qaeda attack the World Trade center — twice?

Why did the United Nations refuse to relinquish control over Saddam’s Iraq and it’s oil revenues?

How is our own government managing to gain access to control over the smallest of life’s decisions like what vehicles we drive or where we set our home thermostats?

What is really wrong with the banking industry and what is it going to take to fix it? What is the real cause of the so called “meltdown”?

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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
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WhiskeyGirl
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« Reply #1 on: March 20, 2010, 07:20:36 AM »

I still have to wonder at the IndyMac deal with OneWest bank.

How is this deal in America's best interest?

The more I read, the more I think it would have been cheaper to pay for someone's mortgage, than to pay off OneWest.

Say $47,000 to pay off a mortgage, and perhaps have the borrower make payments to Uncle Sam for life...

Is better than giving IndyMac $400,000 based on the original mortage.

Who authorized this deal?  Who were the other bidders?

And, what was Lehman's plan for IndyMac?  Lehman was paid to come up with a plan to break up IndyMac.

Maybe many small buyers would have been cheaper than one big one with connections to Soros, Goldman, and Dell?

Who made this deal on behalf of taxpayers?  Who gave the go ahead?
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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
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