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Jewish World Review
Nov. 11, 2008
/ 13 Mar-Cheshvan 5769
Will Obama stop government officials considering institutionalizing financial jihad?
Frank J. Gaffney, Jr.
Senator Barack Obama became President-elect on the uplifting, if
inexact, slogan, "Yes, we can." This week, there is growing evidence
that people who have in mind doing away with the presidency of the
United States and all other aspects of our secular, democratic and
constitutional form of government are similarly convinced of their
inevitable success. Judging by the sheer audacity of their agenda, "Yes,
they can" would appear an apt description of the prospects for the
Saudis and other champions of the totalitarian program they call
In the run-up to an emergency summit outgoing President George Bush has
called to address the now-global financial crisis, the oil-rich
Islamists of the Persian Gulf led by Saudi Arabia have not only
established that their petrodollars are indispensable to any solution.
They also seem to have secured the Bush Administration's acquiescence to
the sinister strings attached to any bail-out of the West in which they
Specifically, the Saudis and their friends want the United States to
join those, particularly in Europe, who have accommodated themselves to
Shariah. No, we are assured, they aren't taking about the brutal
theo-political-legal code that features such barbaric practices as
beheadings, floggings, stonings, amputations, female genital mutilation
and misogyny more generally.
All they want, those in the know insist, is for Washington to encourage Wall Street
more and more of which is owned by the U.S. government to embrace
Shariah-Compliant Finance (SCF). A Treasury Department seminar convened last week
depicted SCF as nothing more than a kind of socially responsible investing vehicle
that respects Muslim religious beliefs by eschewing interest-bearing transactions
and those involving pork and "sin" stocks. So, what's the big deal? The Catholics,
Methodists and Jews have their funds, why not the Muslims?
What makes the Shariah-Compliant Finance gambit both a big and troublesome "deal" is
that, unlike these other religious traditions, Shariah's adherents are pursuing a
global theocracy. They believe they must impose their agenda on everybody else,
religious and secular alike, using violence if necessary. And SCF is explicitly
described by leading practitioners as a complement to violent holy war: "financial
jihad" and "jihad with money."
In other words, there is no such thing as free-standing
Shariah-Compliant Finance. According to all of the recognized
authorities and institutions of Islam, Shariah is a unified, indivisible
program to which all faithful Muslims must adhere comprehensively.
Not surprisingly, therefore, the Saudis & Co. are not simply seeking to
insinuate Shariah-Compliant Finance into our capital markets. They are
also advancing the creation of a parallel Shariah-governed society
through various other means.
One of these techniques will be in evidence when the Saudi monarch
himself convenes a meeting in New York City in the hope of imposing
Shariah blasphemy laws worldwide. In light of the stated, and seemingly
benign, purpose of the so-called "Culture of Peace" event hosted by King
Abdullah at the United Nations namely, promoting interfaith
understanding and tolerance, numerous world leaders, including President
Bush, will be present. Never mind that Saudi Arabia is arguably the most
intolerant nation on earth, a fact even some in the Bush administration
The real reason attendance at the King's sťance is going to be impressive, of
course, has more to do with the hope that petro-largesse will flow to those who
ingratiate themselves to the House of Saud. Abdullah appears confidently to have
signaled that, if the West plays ball on the "Culture of Peace" agenda, the Saudis
and their fellow Islamists will be constructive at what might be called the
subsequent "Culture of Money" meeting in Washington.
What will the answer be when the Islamists insist that free speech must
not allow the slander, libel or defamation of Shariah, or other aspects
of their faith? If the European Union and the United Nations Human
Rights Council have already accommodated themselves to this demand, why
should we object? So what if, by so doing, we would effectively thereby
be precluded from talking about or even understanding the Islamist
threat we face, to say nothing of eviscerating the First Amendment? As
the Treasury Department can attest, we need the money.
Unfortunately, this is no time for us to be diminishing awareness
throughout the Free World of the various, grave dangers we face from
adherents to Shariah's seditious program. London's Sunday Telegraph
reported this weekend that a classified British government assessment
has concluded that there are "some thousands of extremists in the U.K.
committed to supporting Jihadi activities, either in the U.K. or
Such extremists are said to be engaged in attack planning in the United Kingdom
"either under the direction of al-Qaeda, or inspired by al-Qaeda's ideology of
global Jihad" (read, Shariah). They may inflict "mass casualties" and constitute a
"severe" threat to the Government Security Zone (including the Houses of Parliament
and key executive offices) in the heart of London.
At such a moment, a federal judge in Oregon has held the law criminalizing material
support for terror is unconstitutionally "vague." Taken together with the other
manifestations of our capitulation, is it any wonder the champions of Shariah are
convinced that "yes, they can" have their way with us? Who will disabuse them of
this terrifying notion? We can, but will President-elect Obama lead the way?
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JWR contributor Frank J. Gaffney, Jr. heads the Center for Security Policy. Comments by clicking here.
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