omain purchase web,Jihadist Market Manipulation

Islamist Radicals Working To Implement New Golden Rule: He Who Has the Gold, Makes the Rules

While liberal pols' and journalists' antagonist in their ongoing demon of the week drama is currently oil speculators, other more insidious market actors could be in action causing deeper and more lasting harm.

According to a recent post on the Terror Finance blog by Dr. Rachel Ehrenfeld and Alyssa A. Lappen, the war on Islamic Fascism should also include an understanding of Shari'a finance and its role in subverting Western economies. Money quotes:

Rising oil prices and the West's dependency on Middle East oil, combined with willful blindness and political correctness, provide a surge of petrodollars, making financial and economic jihad so much easier to carry out. Moreover, according to Shari'a, Muslims hold all property in trust for Allah. Therefore, under the Shari'a, all current and historic Muslim acquisitions everywhere, including the United States, belong to the ummah, in trust for Allah.

So, if high oil prices aren't enough to convince you to support domestic oil production, maybe the threat of our sworn enemies using proceeds from $4/gallon gas against us will. While all Muslims may not uphold the command to hold property in trust for Allah, enough might to work implement the jihadist market menace.

[Muslim Brotherhood founder Hassan Al-Banna] viewed finance as a critical weapon to undermine the infidels---and “work towards establishing an Islamic rule on earth.” He was first to understand that to achieve world domination, Muslims needed an independent Islamic financial system to parallel and later supersede the Western economy.

As markets globalize and national and regional economies begins mixing with one another, the potential exists that a purposeful, concerted effort to influence Western companies' and governments' in favor of jihadist ideology:

The NASDAQ acquisition, purchases of over 52 percent of the London Stock Exchange (LSE) and 47.6 percent of OMX (Nordic exchange), and vigorous expansion of Shari'a finance all steadily implement al-Banna's plan to spread and ultimately impose Shari'a worldwide.

Meanwhile, US elected officials, whom you might expected would be informed and vigilant about such matters, seem pollyanna-ishly unawares:

Responding to opponents of Bourse Dubai's then-proposed acquisition of 20 percent of NASDAQ in September 2007, [Rep. Barney] Frank quipped, “In the ports deal, the concern was smuggling something or someone dangerous. . . . What are we talking about here”--smuggling someone onto a stock exchange? Similarly, [Sen. Bob] Bennett said, “Dubai is making a purchase on the open market of an asset that's for sale. What's wrong with that?”

Although Senator Bennett is correct---buying portions or all of NASDAQ is legal, and NASDAQ regulations could not be changed without Securities and Exchange Commission (SEC) approval---Bourse Dubai's Shari'a influence in the heart of the U.S. markets and economy should have been of grave concern.

Read the whole post.