This blog is designed to make you "think". Also to encourage,exhort,edify and "Warn" the saints of God as we see the day of The Lord on the horrizon.

Friday, November 14, 2008

Shariah Financing-Wall Street-Selling Our Souls for Money!

3 comments:

randy said...

I read this the other day. It is amazing! Major holding of our debt, tens of billions of our debt issues are to new bankers and lenders from Islamic nations.

Another very disturbing statistic I heard on Bloomberg Finance channel is that the total Gross National Product of the entire world is 60 trillion dollars. What is disheartening about this figure is that the total indebtedness of all entitlements and promises made (national debt, medicaid, medicare, social security, national debt in the USA is 54 trillion dollars.

Almost everything produced on planet earth will be needed to be sold to pay off our debt! And this debt is with interest.

The USA has truly been given pockets with holes in them and we are no longer the head, but the tail.

Diana Kukk said...

America has, indeed, become the tail. In the past America was a lender. America has become a borrower. America is now a slave to its creditors!

randy said...

This is a brief explaination of Sharia banking law from the Council on Foreign Relations:

"How is sharia applied to banking and finance laws? Islamic banking and finance is a rapidly expanding industry that seeks to harmonize modern business practices and traditional religious norms. Classical sharia prohibits riba, the charging of interest. It also condemns excessive profits and requires Muslims to invest only in ventures that are consistent with Islamic principles; for example, investing in a brewery or casino is forbidden. The Islamic finance industry, with estimated assets of $200 billion to $300 billion, represents a small chunk of the global marketplace, but is "already playing a significant role in the financial systems in the Middle East," said John B. Taylor, U.S. under secretary of the Treasury, in a 2004 address. Some Muslim countries, including Malaysia, are making an effort to issue national bonds that comply with sharia principles. And in 2002, eight Muslim countries--Malaysia, Indonesia, Iran, Saudi Arabia, Pakistan, Sudan, Bahrain, and Kuwait--launched a new organization, the Services Board Islamic Financial, to set common standards for Islamic banking."

I WONDER WHAT THEIR RULES ARE REGARDING ANY BANKING TRANSACTIONS IN REGARD TO ISRAEL? I THINK WE KNOW THE ANSWER TO THAT QUESTION...