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ON SHARIA FINANCE, BLANKIES AND AXE BODY SPRAY

by Admin on January 28, 2012 in Agriculture, CAIR, Creeping Communism, Creeping Sharia, Islamization of America, Islamo-Fascism, Marxism, Sharia Law with 1 Comment
Via: Barnhardt.biz, By Ann Barnhardt
Writing about Sharia finance is oddly refreshing. Why? Because it is a chance to point out the abject stupidity – and guys, we’re talking full-on drooling imbecility here – of islam without anyone getting their head sawed off with a dull Ginsu-II or a child getting raped. Sharia finance is so monumentally stupid that it is actually hysterically funny. Have a few beers around a campfire and I could get you laughing so hard your ribs would ache.
English: Type of contracts at sharia law

Sharia finance CLAIMS to be lending without interest, because everyone knows that interest is all a sinister plot hatched by the JOOOOOOZ to keep down the white man. Wait. Keep down the black man. Wait, no. I’m getting so confused. Um, it definitely has something to do with the JOOOOOOZ, and I know this because all of the Ron Paul supporters tell me so. They also tell me that the World Trade Center was brought down by cold fusion-powered government tractor beams. They also tell me that the earthquake we had here in Colorado last year was actually the government (or was it the JOOOOOOOZ?) destroying the secret underground mega-city west of Trinidad, CO (Middle Earth is REALZ, yo!) with nuclear weapons, and that Ron Paul actually is the best friend and savior of the JOOOOOOOZ and if I weren’t such a Jew-loving, Zionist c*** I would see that. My email box is proof that truth is stranger than fiction, and that you really, truly can not make this stuff up. But I digress.

So the entire premise of Sharia finance is that there is NO INTEREST. If you borrow money, it is at zero percent, because the paying of interest is “haram”, which means “forbidden”, according to Sharia law. Got it? Good. Now, let me walk you through the reality of Sharia finance, and I warn you, don’t drink while you’re reading this, because if you do, you stand a good chance of spewing your Dr. Pepper out your nose, and I won’t be responsible for that.

Let’s say a person buys a $150,000 home on a 15 year mortgage at 5%. Purely for the sake of simplicity, let’s just say zero down. The amortization table shows that over those 15 years, or 180 months, at 5% interest, the monthly payment would be $1186.19 and that the total interest expense paid over the life of the mortgage would be $63,514.28. So, principal plus interest would be $213,514.28 for the $150,000 property.

Now here is an “interest-free” Sharia loan scenario. And bear in mind that I am dead serious here. I’m not making this up.

A musloid walks in to a Sharia-compliant lender and tells them that they want to buy a $150,000 property on a 15 year term. The Sharia-compliant lender then looks up what the going INTEREST RATE is. (Uh, Houston, we have a problem.) In our example, it is 5% on a 15 year mortgage. He then calculates the amortization table on a 15 year loan on $150,000 at 5%. (Uh, Houston, we’ve had some sort of major malfunction here.) He sees that the total interest expense would be $63,514.28. So, the Sharia-compliant lender then offers to buy the property at $150,000 and immediately sell it to the customer for . . . $213,514.28. The customer then sets up a note to repay the $213,514.28 in 180 equal monthly payments of $1186.19 at “zero percent”, because $213,514.28 divided by 180 is $1186.19. Voila! Zero interest!

That’s it. I’m not kidding. I’m not making this up. If I was going to make something up, I would make something up that wasn’t totally, completely, laughably stupid.

Um, soooooo, tell me Mister Musloid, what EXACTLY is the $63,514.28 markup? Uh, isn’t that . . . interest? How was that amount calculated? Uh, didn’t you ping the interest rate market to come up with that number? Yes.

Aren’t you paying the lender for the use of his money over the 15 year term? Yes.

Wouldn’t TRUE zero-interest lending mean that you paid a total of $150,000 for the property, and that your monthly payment would therefore be $150,000 divided by 180 months, or $833.33 per month? Yes.

And if you did a 30 year loan at true zero interest, your monthly payment would be $150,000 divided by 360, or $416.66 per month? Yes. THAT would be zero interest. Sharia finance is “zero interest” about as much as I am a bottle of 1964 Chateau Latour.

Over the Christmas holiday, I had the occasion to be around a two year old while traveling. There was a blanket nearby, and we inevitably fell into the old game of “hide under the blanket”. The toddler would pull the blanket over their head right in front of me, and then I would say, “Hey, where did she go? She was here just a minute ago. She just disappeared!” And then the toddler would pull the blanket off of her head and yell “HERE I AM!” and I would act like I had just witnessed some sort of miraculous manipulation of the fabric of space-time – probably having to do with a secret government cold fusion-powered tractor beam. You know the game. And you also know that toddlers at between the ages of three and four become self-aware, and possess enough cognitive sophistication to be able to perceive and extrapolate how OTHERS perceive THEM. And as soon as that intellectual benchmark is reached, the “hide under the blanket game” no longer works, because the child KNOWS YOU CAN SEE THEM.

This is pretty much the dynamic we are dealing with vis-à-vis the musloids. These people are intellectually and cognitively stunted due to 1400 years of inbreeding. As a result of this, they actually think that this Sharia finance “work around” is somehow valid or legit – AND THAT WE CAN’T SEE IT. They think that we non-musloids look at this and say, “My goodness! Yes . . . yes. That truly is a zero interest mortgage! Why didn’t we think of that?!”

The sad thing is that the politically correct morons who infest our culture think that it is somehow “tolerant” or “promoting diversity” to go along with the musloids and their intellectual retardation. And so, all of the megabanks are furiously scrambling to set up “Sharia-compliant” financial products, when the only appropriate response to such absurdity would be something along the lines of, “DO YOU THINK THAT I’M STUPID? GET THE HELL OUT OF MY OFFICE, AND TAKE YOUR BRAIN-DAMAGED NONSENSE WITH YOU. NOW. I’M BUSY.”

Finally, just a word about this in terms of the faux-religious con of islam. Have you noticed that musloids are constantly trying to cheat, deceive, and concoct “work-arounds” of ol’ allah? Sharia finance is merely trying to come up with a childish legalistic way to claim that they aren’t paying interest – but they obviously are. Islam also teaches that men can sin and do whatever they please on Mondays and Thursdays, because these are the two days of the week that allah is “inventorying the deeds of men”, and thus allah “is busy and isn’t watching you.”

I’m telling you, the stupid is STRONG with these people. What the hell kind of religion is built upon screwing over the diety? Oh, yeah – a “religion” that isn’t a religion at all, but a stupid, evil totalitarian political cult that uses faux-religious myths and motifs to control its cognitively damaged slaves. THAT kind of “religion”.

Guys, it is one thing to play “hide under the blankie” with a two year old. It is quite another to play that game with a 50 year old man wanting to buy real estate who smells of goat and Axe Body Spray, and also wants to kill you and take over your country.

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LIGHTBULB. ENDGAME. HERE IT IS . . .

by Admin on January 28, 2012 in Agriculture, Corruption, Crony Capitalism, Economy, John Corzine, MF Global, Obama's Economy with 1 Comment
POSTED BY ANN BARNHARDT
Okay, okay. Yeah, I can be a little slow at the switch sometimes, but NOW I think I get it. MF Global. The CME. The big banks. The Fed. The Federal regulatory bodies. Okay. It’s all tied together. Behold the endgame, courtesy of Reuters:“Clearing houses: the next casualty of the crisis?”Last two sentences:

 Ultimately what began as regulatory push to force transparency in over the counter markets may end up being a more fundamental reform of the clearing house sector itself.“In an ideal world there would be a single global, not for profit, CCP backed by all central banks,” said Orchard.

Sorry. I wasn’t thinking on a large enough scale. I tend not to – I’m a micro economist and small business owner with no aspirations (past, present or future) to ginormousness. I don’t think in these terms – but there it is.

The point of MF Global and all of the subsequent activity, which looked positively suicidal, was to bring ALL FINANCIAL MARKETS on the planet under the control of a single clearing EXCHANGE owned by the a single global banking entity comprised of the central banks, i.e. the Federal Reserve and the European Central Bank.

And who populates, owns and runs the central banks? The big banks. Goldman. JPM. UBS. I thought the banksters only wanted to take over the FCMs and brokerage houses. It didn’t occur to me that they not only wanted to be the only game in town for execution and clearing, but they also want to be the EXCHANGE ITSELF. They want to run, own and control absolutely EVERYTHING.

Just theorizing here now, but it seems to me that the best way to bring such a scheme to fruition would be to plant one of your boys in a major FCM, have him raid the customer seg funds, go out of your way (change rules and laws on the fly, abolish all precedents, file fraudulent BKs) to make sure the customers hang and are profoundly damaged, then use the contrived “crisis” to gin up a call for massive centralization.

This is what these rat-bastards do. They create crises and then before it is all over, they have the sheeple BEGGING THE OLIGARCHS to take over and enslave them in the name of “rescue”, “protection”, “security” and “salvation”. Am I the only person who has ever read the history of the Soviet Union?

No wonder Corzine is brazenly shopping for office space in Lower Manhattan. This mess isn’t wrapping up – they’re just getting started. Corzine was first to bat and got on base just as he was supposed to. We’re still at the top of the inning with a man on base and no outs. Oh, and the umps are all on the take and the strike zone is about the size of a saucer.

————————————————–

On a similar note, here is a URL for a Wall Street Journal piece titled, “MF Global Probe Focuses on Back Office”.

http://online.wsj.com/article/SB10001424052970203735304577164670090033702.html

In one of the first interviews I did on MF Global – maybe Andrea Shea King on 11/21/2011? – I was asked if it was possible that a low-level staffer was responsible for any of this. I said at that time that NO, this was NOT the doing of some $40k per year treasury clerk in Chicago, but that I suspected that eventually Corzine et al would attempt to pin this on some poor back office grunt.

It looks like that process is starting. And this is EXACTLY how Marxist-Fascist oligarchs operate. They view the working grunts in society as nothing more than economic units with one purpose and one purpose only. They use the lower class and the lower-middle class (the proletariat) in order to achieve power. They gin up class warfare and government dependency among these people. But they really DESPISE them. They claim to be their champion, but as soon as the proletariat is no longer needed, they are liquidated and exterminated like the vermin that the oligarchs consider them to be.

Here is what they are going to eventually try to do. They are going to find the person who actually, physically keypunched the wire transfers from the customer seg funds to the proprietary trading accounts at JP Morgan.

Let me describe that person to you. That person is probably something like a single mother with a high school diploma or GED who rides the Orange Line into the Loop every morning from the Southside. Her entire job is to sit at a desk in a cubicle with a computer terminal which logs in to the Fed wire transfer system. She is handed pieces of paper or emails all day that are set up in a template that request wire transfers. The template contains the source MF Global account number and the wiring instructions of the destination and the dollar amount. She has absolutely no fathom which accounts are which. She is just a data-entry clerk. Her job is menial and repetitive, but she is happy to have it because it is steady, relatively secure (or so she thought) and has health insurance benefits for her kids. Needless to say, this person has ZERO motive to carry out one of the largest financial crimes in history. None. This person doesn’t even understand WHAT all of these accounts trade or why they exist at all. All this person understands is how to do their very specific job, which is to send wire transfers. To the contrary, this person is probably keen to keep their job in the midst of this economic depression and not make any clerical mistakes, and enter the data into their terminal quickly and accurately.

In that last week of October, this menial back office wire clerk was handed or emailed wire transfer requests that looked exactly like all of the other transfer requests she had handled that day and every other day. She entered the account numbers and the money was sent out of the customer seg accounts to JP Morgan – and we know it was JPM and that JPM knew exactly what was going on because they specifically sent a letter to MFG requesting confirmation that the source accounts were NOT customer seg funds. Uh, talk about the most obvious CYA maneuver in the history of the world. Give me a break.

These Marxist-Fascist jackals are probably now planning, as we speak, to frame and send up the river some poor, innocent back office person. And that is the real point I want to drive home. These people are psychopaths and view other human beings as utterly disposable pawns in their game. Think about that. Think about Corzine and the rest sitting around a table with a bunch of attorneys calmly discussing sending an innocent person or people to prison as scapegoats for their crimes. Think about the strategy of repeatedly stating that “Tonya Jefferson” (or whoever) is the person who physically sent the wires, and thus is responsible. Think of how black and evil a heart a person would have to have to do such a thing.

Watch this carefully. IF this plays out and they try to destroy and imprison a back office staffer or staffers who OBVIOUSLY had no material part in this . . . well, let’s just say that wars have been fought over less. MUCH less.

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