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November 6, 2008

U.S. Treasury Opens Door To Funding Islamic Extremism: 'Teaches 'Islamic Finance 101'

Topics: Political News and commentaries
"Our" (are we sure, anymore ?) Treasury Department has announced it will teach "Islamic finance" to U.S. banking regulatory agencies, Congress and other parts of the executive branch today at 10 a.m. in Washington, D.C. - however, critics, common sense, and history say it is opening a door to American funding of Islamic extremism:

'Islamic Finance 101'

According to its announcement, the "Islamic Finance 101" forum is "designed to help inform the policy community about Islamic financial services, which are an increasingly important part of the global financial industry."

The Treasury Department has collaborated with Harvard University's Islamic Finance Project to coordinate the event. The department says it expects about 100 people will attend the seminar.

Some speakers include Assistant Secretary of the Treasury Neel Kashkari, senior adviser to Treasury Secretary Henry Paulson, Jr.; Harvard Business School professor Samuel Hayes; Mahmoud El-Gamal, chair of Islamic economics, finance and management at Rice University and Islamic finance adviser to the Treasury Department; Sarah Bell of the Federal Reserve Bank of New York; Yusuf Talal DeLorenzo, Shariah adviser and Islamic scholar; Michael McMillan, chair of the Islamic Legal Forum at the American Bar Association and professor of Islamic finance; and Rushdi Siddiqui, global director for the Dow Jones Islamic Market Indexes and vigorous advocate for Islamic finance.

Islamic finance is a system of banking

consistent with the principles of Shariah, or Islamic law. It is becoming increasingly popular, having reached $800 billion by mid-2007 and growing at more than 15 percent each year. Wall Street now features an Islamic mutual fund and an Islamic index. However, critics claim anti-American terrorists are often financially supported through U.S. investments - creating a system by which the nation funds its own enemy.

Aiding the enemy

In his essay, "Financial Jihad: What Americans Need to Know," Vice President Christopher Holton of the Center for Security Policy writes, "America is losing the financial war on terror because Wall Street is embracing a subversive enemy ideology on one hand and providing corporate life support to state sponsors of terrorism on the other hand."

Holton refers to Islamic finance, or "Shariah-Compliant Finance" as a "modern-day Trojan horse" infiltrating the U.S. He said it poses a threat to the U.S. because it seeks to legitimize Shariah - a man-made medieval doctrine that regulates every aspect of life for Muslims - and could ultimately change American life and laws.

Shariah-compliant finance is becoming a major movement, because American banks and investors are seeking wealth from oil profits in the Middle East. Some advocates claim Islamic finance is socially responsible because it bans investors from funding companies that sell or promote products such as alcohol, tobacco, pornography, gambling and even pork.

Continue reading here.

This is nothing less than yet another case of America serving as one of Islam's "useful idiots." And let's remember, this is happening during the Bush administration. Can you imagine how far down the road of "Usefull Idiocy" we will travel during an Obama administration? 

As Amil Imani wrote at The American Thinker back in August 2006:

Islam enjoys a large and influential ally among the non--Muslims: A new generation of 'Useful Idiots,' the sort of people Lenin identified living in liberal democracies who furthered the work of communism. This new generation of Useful Idiots also lives in liberal democracies, but serves the cause of Islamofascism--another virulent form of totalitarian ideology.

Useful Idiots are naive, foolish, ignorant of facts, unrealistically idealistic, dreamers, willfully in denial or deceptive. They hail from the ranks of the chronically unhappy, the anarchists, the aspiring revolutionaries, the neurotics who are at war with life, the disaffected alienated from government, corporations, and just about any and all institutions of society. The Useful Idiot can be a billionaire, a movie star, an academe of renown, a politician, or from any other segment of the population.

Arguably, the most dangerous variant of the Useful Idiot is the 'Politically Correct.' He is the master practitioner of euphemism, hedging, doubletalk, and outright deception.

Going by Imani's description of "useful idiots," it appears that not only does it apply to America in regard to Islam, but equally, now that we have just elected Barack Obama, Marxism as well. Think about it.

Posted by Richard at November 6, 2008 11:26 AM

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