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Sharia Financing: A Modern Day Trojan horse

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kxmode
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06 Jan 2009, 10:48 pm

I learned something tonight that I wanted to share with you guys. It took me a couple hours to assemble this information...

First, please visit these three links...
1. http://www.youtube.com/watch?v=VmRbum9x0nU
2. http://www.stopshariahnow.org/ssn/
3. http://www.dailymail.co.uk/news/article ... bonds.html

Quote:
What is Sharia law?

Under Sharia Islamic law, making money from money, such as charging interest, is usury and therefore not permitted.

Wealth should be generated only through legitimate trade and investment in assets.

But investment in companies involved with alcohol, gambling, tobacco and pornography is strictly off limits.

source: http://news.bbc.co.uk/1/hi/business/3548656.stm

Quote:
How strong is the demand for Islamic finance?

Banks are hoping to attract business from Britain's two million Muslims, many of whom do not use established banking services because they are in conflict with Sharia.

Source: http://www.metimes.com/Editorial/2008/0 ... tain/4606/

While global financial institutions continue to crumble middle-eastern firms and banks have been showing ENORMOUS profits thanks mostly to petrol-money (the United States alone contributes over 700 billion annually). In the wake of the financial meltdown domestic and foreign governments are willing to bend existing democratic laws to allow banking institutions to become Sharia compliant for the sole purpose of receiving an infusion of funds from the middle-east. As was pointed out in the Middle East Times editorial, "The European Court of Human Rights has already ruled that Sharia is incompatible with democracy". This activity has basically become a modern day Trojan horse.

How do you defeat a capitalist society? You don’t do it militarily, you do it by holding them financially hostage. It’s happening now. 8O

There’s more information about this from Google
http://www.google.com/search?hl=en&q=sh ... ancial+law

Please educate yourself.


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Sir_Beefy
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06 Jan 2009, 10:52 pm

That's what the military is though. Financially crippling. That's the whole point of the military, to make money for the corporations, like construction companies that have to rebuild these places. So yeah, capitalism can be defeated by holding it financially hostage. The military is just a big tool in doing so.


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kxmode
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06 Jan 2009, 11:01 pm

Ummm? I think your confused. This is not about the military (i.e. guns, tanks, bullets, bombs, etc. etc.) or military contracts (e.g. Halliburton). This is about a different form of warfare... it's about fighting a country by undermining their financial foundation. You've heard of the adage "he who has the gold makes the rule?" Well, this is what's happening between financially hurt governments of the world and the extremely prosperous middle-east. They WANT Sharia Islam Law establish in democratic societies. This action is a prelude to other things...


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ValMikeSmith
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06 Jan 2009, 11:34 pm

Islam does not have a monopoly on the idea of making "good" money.
The (Judeo-Christian) bible condemns usury also.

It seems to me that usury is the root of the recession,
and it even bit itself in the butt with that 50 billion ponzi scheme.

Doesn't it make more sense to use money just to buy and sell STUFF?
Money that can just pop out of thin air just as easily blows away in the wind.

edit:Also, what's the point of buying stuff just to blow things up and rebuild them?



kxmode
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07 Jan 2009, 12:14 am

Quote:
Islam does not have a monopoly on the idea of making "good" money. The (Judeo-Christian) bible condemns usury also.


Except you're referring to the old Jewish testament which became obsolete once Jesus died. After his death the new testament from Matthew through Revelations was enacted. That's generally the scriptures most Christians follow. If you go to a Church service most of the time they'll quote scriptures from the new testament.

Quote:
It seems to me that usury is the root of the recession, and it even bit itself in the butt with that 50 billion ponzi scheme.


You're describing one guy's modus operandi. Yes, banks have interests rates but usury means "the lending of money at exorbitant interest rates". I'm part of a Credit Union. They don't charge usury amounts on loans. An example of usury would be what those payday advance places charge... in some case up to and exceeding 400% interest.

Quote:
Doesn't it make more sense to use money just to buy and sell STUFF?


That's what a commerce and capitalist society is. You need something and a store has it. The store marks up the product to make a profit. This is no less different than banks charging a reasonable interest rate on a loan to make money on the money they lend. In Sharia Law not even a reasonable interest rate is allowed.

Quote:
Also, what's the point of buying stuff just to blow things up and rebuild them?


???? o_o

I really don't understand your thought processes. Both you and Sir_Beefy keep referring to "war" and "blow-up". You seem to forget that in our modern age warfare doesn't always means two soldiers shooting AK-47s at each other. You can hurt the enemy via the Internet and their financial institutions.


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ValMikeSmith
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07 Jan 2009, 2:15 am

Quote:
Yes, banks have interests rates but usury means "the lending of money at exorbitant interest rates".

Usury means interest.
Something similar that wouldn't be usury would be a contract to pay back more later, like a savings bond I think.

The difference is as different as renting a house and buying a house.
The interest can end up being paid "forever" far in excess of expectation.
But with the bond, the repayment is agreed and fixed.

Also, debts should not be held for more than 50 years,
but forgiven on what is called a Jubilee.

Interest causes eternal debt.



kxmode
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07 Jan 2009, 4:47 am

ValMikeSmith wrote:
Quote:
Yes, banks have interests rates but usury means "the lending of money at exorbitant interest rates".

Usury means interest.


Please visit http://www.merriam-webster.com/dictionary/usury

The rest of your comment is way off-topic and interesting.


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pakled
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07 Jan 2009, 10:43 pm

But most of this is defined in the Koran, which is what, 13-14 Centuries old? amazing they were so prescient...;)