Oh boy....can't wait.
WARNING: Massive Move Underway to Bring Shariah Law To YOUR Bank Account
November 14, 2015 8:39 am
(Allen West) Its not like we need a lot of reasons to not support or care for the International Monetary Fund (IMF). No, this isnt the same as the IMF and Mission: Impossible, as some folks might mistake kinda like folks who thought Operation Fast and Furious was a movie. We already have an issue with our own U.S. Federal Reserve and manipulations of monetary policy as a political tool. Ya know, wonder what Janet Yellin will do with interest rates a continued maintaining of the artificially low rates means our economy is not strong.
Back to the IMF
its managing director, Christine Lagarde, just made an astonishing statement, as reported by Jihad Watch:
The fast growing, Sharia-compliant Islamic finance industry has the potential to promote financial stability because of its risk-sharing and asset-backed features, International Monetary Fund managing director Christine Lagarde said Wednesday.
Islamic finance has, in principle, the potential to promote financial stability because its risk-sharing feature reduces leverage and its financing is asset-backed and thus fully collateralized, Lagarde told an Islamic finance conference in Kuwait.
Islamic banks also offer profit-sharing and loss-bearing accounts that can help mitigate losses and contagion in the event of banking sector distress, she said.
This leads
to higher total loss-absorbing capital, one of the key objectives of the new global regulatory reform, Lagarde told the one-day event organised by the IMF and Central Bank of Kuwait.
But she said that for the industry to unlock its full potential, it must expand its customer base, harmonise standards and improve regulatory frameworks.
Lagarde later told a press conference the IMF will increase its involvement in the Islamic finance industry by providing more bilateral surveillance and analytical help.
The Islamic finance industry, which bans speculation and interest, still lacks effective regulatory and supervisory frameworks catering to its unique risks.
It also bans dealing in products with excessive uncertainty, gambling, short sales and financing prohibited activities considered harmful to society.
Hmm, I kinda consider beheadings, crucifixions, rape of young girls and selling women into s***ery as harmful to society. I dont know about yall, but Ive just about had it with these Islamapologist i***ts wholl embrace something as antithetical to Western principles and values as Sharia compliance. Does Ms. Lagarde even understand what that means?
Read full story:
http://www.teaparty.org/warning-massive-move-underway-bring-shariah-law-bank-account-129572/