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America Must Not Own a Sharia-Based Financial
Business
November 10, 2008
by Jeffrey Imm
Anti-Jihad League of America
http://anti-jihad.org/blog/2008/11/stopsharianow
http://www.unitedstatesaction.com/blog/imm-articles/116.html
As Americans, we generally have choices as to what we own, especially
when such ownership of financial support is against the values defined
by United States as a nation. However, on November 10, 2008, the Federal
Reserve and the Treasury Department
decided that they were going to use American taxpayer money to buy
ownership in something against America's values of equality and liberty
-- by purchasing ownership in a company with a
Sharia-Compliant Finance (SCF) based business.
As an American taxpayer, you are now a part owner in a
business that promotes the Islamic supremacist Sharia ideology -
whether you like it or not. Your tax dollars today are now being used
for own part of a company with a
Sharia-based business. This is the same
Sharia ideology that was used by the Taliban in Pakistan today to
murder a woman for adultery, the same Sharia ideology that was used
to murder a
13 year old girl last week who was raped in Somalia, and the same Sharia
ideology supported by the
Taliban,
Al Qaeda, and
Islamic supremacists around the world. It is an ideology that is
against the inalienable human rights of equality and liberty. It is an
ideology that even the British courts have
called "discriminatory."
But on November 10, 2008, the Federal Reserve
announced that "it will purchase $40 billion of newly issued AIG
preferred shares," which, as
AP reports,
will give "taxpayers an ownership stake in the company."
The Federal Reserve Board and the Treasury Department apparently believe
that American taxpayers owning part of company with a business that
promotes an
Islamic supremacist ideology that is
against equality,
against liberty, and in support of
discrimination, is a good thing for the American taxpayer.
Do you want to own a Sharia-based financial business promoting
Islamic supremacism?
I first wrote about this subject on October 3, 2008 in an article titled
"America Must Not Bail Out Sharia Finance." In that
article, I pointed out how on September 16, 2008 that
the Federal Reserve extended an $85 billion loan to AIG, and that
the U.S. government was going to "receive a 79.9 percent equity interest
in AIG." Less than a week after your government's September 16 bailout
of AIG, AIG's Sharia-based business
announced further expansion.
AIG's
Takaful division has been selling Sharia-based insurance for over
two years with a stated goal to sell such Sharia financial instruments
in the United States. AIG SunAmerica, AIG Financial Services Corp, and
other divisions of AIG also are
dealers in Sharia
mutual trusts.
Now part of this $85 billion loan to AIG (reducing it to $60 billion)
has been converted into
$40 billion
of ownership of AIG stock - your ownership of AIG.
AIG's business includes its
Takaful
Sharia-based insurance business, its
divisions promoting
Sharia finance and Sharia mutual trusts. You own it. That's where
your tax dollars are going today.
The decision to buy this $40 billion of AIG stock was made based on the
bailout authorized under the
"Emergency Economic Stabilization Act of 2008" (H.R. 1424).
According to Section 104 of the legislation, "Financial Stability
Oversight Board," it is the responsibility of the U.S. Treasury
Secretary, the Chairman of the Board of Governors of the Federal Reserve
System, the Director of the Federal Housing Finance Agency, the Chairman
of the Securities Exchange Commission, and the Secretary of Housing and
Urban Development to ensure that policies enacted under this legislation
are "in the economic interests of the United States."
How is it in the economic interests of the United States to own part of
a corporation with a business based on promoting a
discriminatory ideology, that is
against equality, and that is
against liberty? How is it in the economic interests of the United
States to own part of business that supports an Islamic supremacist
practice that has been used to
fund Jihad?
Why wasn't the first priority of considering a bailout to
AIG two
months ago a prerequisite that AIG must first divest itself of its
Sharia-based
businesses that promote Islamic supremacism? Why should one dollar
(let alone $85 billion) go to any company who owns a business that
promotes a supremacist ideology? The federal government was not
confronted on this in mid-September 2008. Now, the government has
interpreted Americans' silence on issue to be acquiescence. So now,
incredibly, today you as a taxpayer own part of an Islamic
supremacist Sharia-based financial business. Do you want to? Do you
think this is proper for American's tax dollars?
Moreover, this may not be the end of such absurdities by the U.S.
Treasury Department and the Federal Reserve. On November 6, 2008, the
U.S. Treasury Department featured a
training class for government employees to learn more about Sharia
Finance, entitled
"Islamic Finance 101," which a
coalition of groups and individuals
against Sharia have
protested.
Imagine if such "finance" dealings had involved any other identity-based
supremacist ideology - white supremacist, black supremacist, Aryan
supremacist. Can you imagine the U.S. government funding with your tax
dollars a business promoting white supremacism or any other supremacist
ideology? More troubling, could you imagine the U.S. federal government
owning part of a business promoting white supremacism or
any other supremacist ideology? It would be a front page news story on
every one of the major mainstream media outlets. There would be protests
in the streets. There would be demands for the immediate resignation of
those responsible.
But when your federal government
purchases stock to own part of a
business promoting Islamic supremacist ideology, it is not even a
news story. There are no rallies. There are no demands for resignations.
Such disgraceful, undignified silence is a dark day in America.
What type of federal government does America have that does not
understand that supremacism is un-American? Fundamentally, absolutely,
unequivocally un-American. What type of federal government does not
understand that America was founded on and is
based on the inalienable human rights of equality and liberty? What
type of federal government leaders do we have that
drive past the words hammered in marble that "All Men Are Created
Equal," and don't understand the concept?
What American leaders and the American people must never forget is that
the words "All Men Are Created Equal," does not come with any
caveats or disclaimers. It is not "All Men Are Created Equal," except
when it is inconvenient, unpopular, might upset supremacists, might
raise the price of oil, or if we can just look the other way. The words
are uncompromising. There is no Sharia exception, there is Islamic
supremacist exception. There are no exceptions to the inalienable
human right that "All Men Are Created Equal" - to all men and women. We
hold these truths to be self-evident. We
declare this as fundamental to the identity of the United States of
America.
American human rights groups, American civil rights groups, and
patriotic Americans everywhere have to take a stand on this latest
disgrace. Our national honor has been besmirched long enough with those
calling for
"engagement"
or
"reconciliation" with Islamic supremacists. Now this latest
indignity - American taxpayer dollars are funding the
ownership of a company with a
business in promoting
Islamic supremacism.
We need to
call for the following:
(a) The American people must call for the immediate freeze of all
American taxpayer funds to AIG until it divests of its Sharia financial
businesses.
(b) The American federal government must give AIG an ultimatum to divest
itself of its Sharia business or the America federal government must
divest all ownership in AIG.
(c) Those in the American federal government responsible for the bailout
and purchase of AIG stock must resign, including the U.S. Secretary of
the Treasury and the Federal Reserve Board Chairman.
(d) Leaders in the U.S. Senate and House of Representatives must lead a
national investigation into Sharia-Compliant Finance (SCF) and Sharia
financial businesses in America to end their ability to promote the
Islamic supremacist ideology in America.
To that end, I ask you to
support
this petition that calls for the U.S. federal government to "end
U.S. ownership" of Sharia-based financial businesses; the
Anti-Jihad League of America will ensure that the Federal Reserve
Board, the U.S. Department of Treasury, and our elected representatives
see your support on this petition.
Fear No Evil.
[Postscript - see also
Sources documents for additional reading and background
information.]
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