America for Sale

[RadioPatrol]

America for Sale

As the U.S. and Western markets plummet and the U.S. dollar continues its free fall, sovereign wealth funds (SWF) gobble up prime financial institutions, industries and real estate in the U.S. and the West. Given concerns regarding the political influence of such wealth, the U.S. Treasury, together with Abu Dhabi and Singapore, on March 20 signed an “Agreement on Principles for Sovereign Wealth Fund Investment.”

“SWF investment decisions should be based solely on commercial grounds, rather than to advance, directly or indirectly, the geopolitical goals of the controlling government,” according to the joint statement and accompanying policy principles. Feebly attempting to enforce this standard, it declared: “SWFs should make this statement formally as part of their basic investment management policies.”

Meanwhile, the International Monetary Fund (IMF) Board of Directors on March 21 endorsed an SWF work agenda to develop -- in coordination with them and the Organization for Economic Cooperation and Development (OECD) --“a set of voluntary best practices.”

The pretense surrounding most international agreements matches the deceitful promotion of Middle Eastern SWF investments and Islamic banking as “ethical and socially responsible.”

In fact, “Islamic banking defies the separation between economics and religion,” according to USC King Faisal professor of Islamic Thought Timur Kuran.

In addition to huge political and economic influence such wealth carries, and in contrast with IMF wishful thinking, Middle Eastern SWFs also seek to impose the strangulating governance and eventual bondage of Islamic laws -- not “ethics” or “social responsibility” as they advertise.

Middle East sovereign funds include bans on trade with Israel, despite U.S. laws prohibiting such boycotts and World Trade Organization (WTO) regulations requiring all member nations to allow free trade with each other. Yet, Middle East wealth so dazzles Western governments, including the U.S, that they readily ignore the Islamic nations' illegal boycott. While these funds for now only target Israeli products, ultimately Western industries and economies will also endure dire effects.

They will Buy us up and Conquer us Financially and by Population explosion .... with out ever firing a shot ....

The growing U.S. and European financial crisis gives Islamic banking and shari'a finance proponents increasing leverage over Western markets and economics. In reality, their acquisitions of ever-larger stakes in U.S. and Western strategic financial and other assets, amounts to economic warfare against the West.

But “Islamic economics is an invented tradition,” writes USC's Timur Kuran. “Neither classical nor medieval Islamic civilization featured modern style, much less Islamic banks.”

Far from developing Islamic and economies, shari'a law has overall retarded them. “To one degree or another, most of today's 56 predominantly Muslim countries are economically underdeveloped,” Kuran writes.

Islamic finance deliberately promotes fundamentalism and anti-Western behavior throughout the Muslim world, rather than suppressing it, he argues. Neither have shari'a finance proponents in the West considered its economic effects -- promotion of gender discrimination, replacement of secular law and schools with Islamic law and schools, and its institutional suppression of scientific investigation.

 

[bohman]

They will Buy us up and Conquer us Financially and by Population explosion .... with out ever firing a shot ....

Eh, the Irish already did that once, we survived.

 

[RadioPatrol]

Eh, the Irish already did that once, we survived.

The Irish were willing to melt in .... Islam is all about submission to; well Islam


Its not like the Irish were trying to build a new better Irish State out of the USA

Islam is a Religious and Political System ... Islam is the State System ....

 

[bohman]

The Irish were willing to melt in .... Islam is all about submission to; well Islam


Its not like the Irish were trying to build a new better Irish State out of the USA

Islam is a Religious and Political System ... Islam is the State System ....

I know, just making a little joke at the expense of my father's side of my family. It is April Fool's day, after all.

Besides, the Irish didn't have the money to buy anything, they only managed to do the "population explosion" side of the equation.