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POPSALERT U.S.Treasury Compliance With Shariah Finance Laws system and replacing it with an Islamic one. Incredibly, in recent days, the U.S. Treasury Department has begun embracing Shariah-Compliant Finance. Deputy Secretary of the Treasury Robert Kimmitt has professed an interest in studying the salient features of Islamic banking to ascertain how far it could be useful in fighting the ongoing world economic crisis. According to a press report out of Saudi Arabia, he has declared that experts in the Treasury Department are currently learning the important features of Islamic banking. To this end, the Treasury Department is hosting in its headquarters building on Thursday, November 6th a seminar for the policy community entitled Islamic Finance 101. This event is being co-sponsored - and, it would appear, orchestrated - to promote Shariah-Compliant Finance by one of Americas leading promoters of the industry: the Islamic Finance Project at Harvard Law School.
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POPS Freedom Now Stands Alone
not just in the US but in Britain too – shows the intellectual disarray caused by these profound developments. They say politicians must stop trying to hold the cultural line and go instead with the flow of change. In Britain, the Tory party has adopted this strategy. Now there are Republicans saying the same thing. But John McCain is a Republican who does not fit the old template, who does subscribe to some of this ‘change’ agenda on a number of issues. As a result, he was incapable of attacking Obama on the most important grounds of all: that he stood for values inimical to America’s founding principles. When he did venture into this territory, it was half-cocked and far too late, appearing merely like the desperate throw of a loser. The reason he couldn’t do it earlier was that he had no coherent platform of his own. The Republicans screwed up in government, they selected a hopelessly frail and erratic candidate, he ran a shambolic campaign. They deserved to lose.
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POPSReplace Western Capitalism With Islamic Economic System? This is so because, at its core, Shariah is sedition: It explicitly espouses the violent overthrow of all secular governments and constitutions – including those of the United States – in favor of a global Islamic theocracy. The Yerushalmi memo makes clear that Shariah advisors – who play a central role in this industry as it falls to them to determine whether transactions are Shariah-compliant or not – and/or the companies that employ them appear to be involved in one or more of the following: racketeering, anti-trust violations, consumer and securities fraud or material support for terror. Senator Jon Kyl, the Senate's number two Republican and senior member of Finance Committee found the conclusions of the Yerushalmi memo to be sufficiently alarming that in August he sought official reactions to its findings from Bob Kimmitt's boss, Treasury Secretary Henry Paulson, SEC Chairman Chris Cox, Federal Reserve Chairman Ben Bernanke and Attorney General Michael Mukasey.
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POPSAmerican Communist Say Obama NO SOCIALIST "Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." ~ Thomas Jefferson 1887-->Hindsight on what makes for true liberty.
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POPSWAKE UP More info. Go to the website and learn real history about banking.
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POPSPaulson's Folly Insightful take by WashPost's Pearlstein on what's gone wrong with the bailout.
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POPSMeet the World’s New Currency: the Chinese Yuan 'the strongest currency in the world, which is the Chinese yuan' Who would've thunk it!!!! The communist have the leading currency -- hmm where does that put us!!?? Lets see hate the axes of evil yet give them all of our money with the fuel purchases and even help them manage their $79 billion surplus <> while we pay for the war!!!!! Then don't talk to the communists but just give them all of our money.. Bush has got to go!!! << Change that we need to get rid of the Federal Reserve System!!!!!!!
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POPSMeet the World's New Reserve Currency: The Chinese Yuan The November summit in Washington could produce some unwelcome surprises which were hinted at by Thailand's Deputy Prime Minister, Olarn Chaipravat, who told Bloomberg News: , "The message of this initiative is for China to consider whether or not China would open up its banking system and allow the strongest currency in the world, which is the Chinese yuan, to be the rightful and anointed convertible currency of the world." Surely, the present financial malaise which has its roots in Wall Street and at the Federal Reserve, has demonstrated that the dollar must be replaced as the world's "reserve currency" and that America must be deposed as the de facto steward of the global economic system. Leadership implies responsibility and the US must be held to account for its failings. It's time for a change.
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POPSIf Entire Countries Go Broke, We'll Go With Them
The root of today's credit crisis is not that the world lacks money; the world is awash in cash, with $6 trillion sitting idly in global money markets alone. But if countries start to fail, the remainder of the world's investment capital could be spooked out of productive investments as well. Nor do we have the tools to avert disaster. The International Monetary Fund's resources are a pittance compared to the financial exposure of the countries in most danger. And as a result of the industrialized world's government bailouts and bank guarantees, there won't be any more capital for emerging markets that are still flailing. Take, for example, a country as large and powerful as Germany: Deutsche Bank's assets represent 80 percent of the nation's GDP. In Switzerland, the assets of the bank UBS represent 450 percent of the country's GDP. The financial exposure of the British banks is similarly alarming: Barclays PLC's assets amount to more than 100 percent of the United Kingdom's GDP,
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POPSDown For The Count "The whole system is contracting" Last week, banks borrowed a record $437 billion per day, topping the previous week's $420 billion per day a week earlier. Hundreds of banks cannot meet their capital requirements without regular low interest loans from the Federal Reserve. The banking system is in shambles. The FDIC needs to determine which banks can be saved and which need to be shut down, otherwise the insolvent banks will use the money they get from the Treasury on risky bets to dig their way out of bankruptcy. Without restrictions on how they can issue credit, many of the banks will engage in the same reckless behavior and speculation that brought on the current calamity.
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POPSIslamic Banking Escapes Fallout Transactions must be backed by real assets Because risk is shared between the bank and the depositor there is an incentive for the institutions to ensure the deal is sound. Investors have a right to know how their funds are being used, and the sector is overseen. Such evil-doers. .:roll:
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POPSMcCain's Incoherence Finally, McCain had this exchange about his campaign's skeevy robo-calls this weekend on Fox: WALLACE: ... and you said the following , "I promise you, I have never and will never have anything to do with that kind of political tactic." Now you've hired the same guy who did the robo calls against you to — reportedly, to do the robo calls against Obama and the Republican Senator Susan Collins, the co-chair of your campaign in Maine, has asked you to stop the robo calls. Will you do that?
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POPSFinancial Rescue Efforts Miss Mark "Linneman also chided federal officials for instilling panic rather than confidence in the public. He described what he regarded as a steady stream of blunders, ranging from the Bush Administration’s sky-is-falling rhetoric to Congress’ rejection of the original proposal supported by party leaders. As the recession grinds on, the retail sector will take a hit from slower spending by consumers, even the more affluent people on the spectrum who are relatively unaffected. There will be a certain number of stores shuttered by weaker retailers; however, Linneman said, “The real problem is you don’t have many store openings. The hospitality and office sectors will also slow, and distribution centers will hold up fairly well, even though demand will eventually fall off there as well."
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POPSRaping Peter forgetabout Paul Credit or discredited is a better name for this American government. Cowards who rather see their grandchildren and great grandchildren pay for their cowardice then face up to reality now.
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POPSBAIL-OUT OR STICK-UP If, according to McCain, Europeans are socialists, he will make more enemies because they are proud to be CAPITALISTS, JUST THE KINDER AND GENTLER ONES. With some sense of social responsibility. No socialism in the European Union and the EURO
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