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Contrary to popular belief, the world’s finances are controlled by privately-owned “central banks” masquerading as federal government banks in nearly every country in the world [The U.S. Court of Appeals, Ninth Circuit, ruled that The Federal Reserve (U.S.' central bank) was privately owned in 680 F.2d 1239, LEWIS v. UNITED STATES of America, No. 80-5905].
Though it is a carefully guarded secret, the Rothschilds and their associates own most the shares in the central banks (Federal Reserve Directors: A Study of Corporate and Banking Influence, Committee on Banking, Currency and Housing, House of Representatives, 1976, Charts 1-5) (Mullins, Eustice Secrets of the Federal Reserve 1983). With extremely little government input, the economies of Tunisia, Egypt, Yemen, Jordan, and Algeria are strictly controlled by the Rothschild’s central banks and their International Monetary Fund.
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THE MOTIVE: FOLLOW THE MONEY
Islamic banks have been eating into Rothschild profits in the Middle East because: they don’t charge interest (Shariah Law), they are growing very rapidly among the world’s exploding Muslim populations, and (in these catastrophic economic times) they are more stable than western banks.
While it is a very good thing that people are freed from the tyranny of dictators, they also need to be freed from the tyranny of economic control and serfdom. The relevant moral question is: Do the means justify the end?.
Deposed Tunisian President Ben Ali’s son-in-law, Sakher El Materi, opened Tunisia’s first Islamic bank, Zitouna Bank, on May 26, 2010. Zitouna Bank is the first Islamic bank in the Maghreb region [North Africa]. The bank was a first step toward Ben Ali’s new program of extensive reforms, “Tunisia, a Pole for Banking Services and a Regional Financial Centre”, which would have undermined the power and the profits of the Central Bank of Tunisia (privately-owned by the Rothschilds and their associates).
Originally posted by audio assasin
how do they make money if they don’t charge interest on loans??
Islamic banking has the same purpose as conventional banking except that it operates in accordance with the rules of Shariah, known as Fiqh al-Muamalat (Islamic rules on transactions). The basic principle of Islamic banking is the sharing of profit and loss and the prohibition of riba (usury). Common terms used in Islamic banking include profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost plus (Murabahah), and leasing (Ijar). In an Islamic mortgage transaction, instead of loaning the buyer money to purchase the item, a bank might buy the item itself from the seller, and re-sell it to the buyer at a profit, while allowing the buyer to pay the bank in installments. However, the bank's profit cannot be made explicit and therefore there are no additional penalties for late payment. In order to protect itself against default, the bank asks for strict collateral. The goods or land is registered to the name of the buyer from the start of the transaction. This arrangement is called Murabaha. Another approach is EIjara wa EIqtina, which is similar to real estate leasing. Islamic banks handle loans for vehicles in a similar way (selling the vehicle at a higher-than-market price to the debtor and then retaining ownership of the vehicle until the loan is paid). An innovative approach applied by some banks for home loans, called Musharaka al-Mutanaqisa, allows for a floating rate in the form of rental. The bank and borrower form a partnership entity, both providing capital at an agreed percentage to purchase the property. The partnership entity then rents out the property to the borrower and charges rent. The bank and the borrower will then share the proceeds from this rent based on the current equity share of the partnership. At the same time, the borrower in the partnership entity also buys the bank's share of the property at agreed installments until the full equity is transferred to the borrower and the partnership is ended. If default occurs, both the bank and the borrower receive a proportion of the proceeds from the sale of the property based on each party's current equity. This method allows for floating rates according to the current market rate such as the BLR (base lending rate), especially in a dual-banking system like in Malaysia. There are several other approaches used in business transactions. Islamic banks lend their money to companies by issuing floating rate interest loans. The floating rate of interest is pegged to the company's individual rate of return. Thus the bank's profit on the loan is equal to a certain percentage of the company's profits. Once the principal amount of the loan is repaid, the profit-sharing arrangement is concluded. This practice is called Musharaka. Further, Mudaraba is venture capital funding of an entrepreneur who provides labor while financing is provided by the bank so that both profit and risk are shared. Such participatory arrangements between capital and labor reflect the Islamic view that the borrower must not bear all the risk/cost of a failure, resulting in a balanced distribution of income and not allowing lender to monopolize the economy. Islamic banking is restricted to Islamically acceptable transactions, which exclude those involving alcohol, pork, gambling, etc. The aim of this is to engage in only ethical investing, and moral purchasing. In theory, Islamic banking is an example of full-reserve banking, with banks achieving a 100% reserve ratio.[26] However, in practice, this is not the case, and no examples of 100 per cent reserve banking are observed.[27] Islamic banks have grown recently in the Muslim world but are a very small share of the global banking system. Micro-lending institutions founded by Muslims, notably Grameen Bank, use conventional lending practices and are popular in some Muslim nations, especially Bangladesh, but some do not consider them true Islamic banking. However, Muhammad Yunus, the founder of Grameen Bank and microfinance banking, and other supporters of microfinance, argue that the lack of collateral and lack of excessive interest in micro-lending is consistent with the Islamic prohibition of usury (riba).[28][29]
Originally posted by slidingdoor
Watch out LLoyds bank U.K. - they have introduced some sort of Sharia type banking for all the Muslims here !
At HSBC our goal is to provide a range of Shariah compliant financial services that meet the needs of the UK Muslim community. We believe that prosperity and financial security can be achieved without any compromise to your deeply held principles. So we're pleased to introduce Amanah, a range of services for those who prefer to conduct their financial affairs in accordance with Shariah. The Amanah range includes the Amanah Bank Account and Amanah Home Finance if you're looking to buy property.
Originally posted by Wolfcomplex
reply to post by forklift
I thought the Rothschild Created Israel, and thus own Isreal.
Originally posted by DimensionalDetective
Contrary to popular belief, the world’s finances are controlled by privately-owned “central banks” masquerading as federal government banks in nearly every country in the world [The U.S. Court of Appeals, Ninth Circuit, ruled that The Federal Reserve (U.S.' central bank) was privately owned in 680 F.2d 1239, LEWIS v. UNITED STATES of America, No. 80-5905].
Though it is a carefully guarded secret, the Rothschilds and their associates own most the shares in the central banks (Federal Reserve Directors: A Study of Corporate and Banking Influence, Committee on Banking, Currency and Housing, House of Representatives, 1976, Charts 1-5) (Mullins, Eustice Secrets of the Federal Reserve 1983). With extremely little government input, the economies of Tunisia, Egypt, Yemen, Jordan, and Algeria are strictly controlled by the Rothschild’s central banks and their International Monetary Fund.
Donna Dempsey, speaking at a media conference on Thursday, revealed details of a three-year relationship with the late Father Patrick Mackan, just after his tenure as principal of St. John’s College from 1968 to 1971.
Dempsey said she found the courage to go public with her story after seeing The Expositor’s coverage of a lawsuit that involved St. John’s College in the 1970s.
“It wasn’t until I saw those two former students come forward and I realized that that was the same time it was happening to me,” she said Thursday. “Then I got really angry.”
In a lawsuit filed in April 2002, Dempsey is seeking damages of $3 million for sexual assault and battery, harassment, mental and emotional suffering, breach of fiduciary duty and punitive damages. The lawsuit names the Brant-Haldimand-Norfolk Catholic School Board, the Hamilton diocese of the Roman Catholic church and the Congregation of the Resurrection. It does not name Mackan because he died in 1990 in his mid-60s.
Dempsey said meeting the man who became her husband, Brian Dempsey, gave her the strength to eventually cut her ties with Mackan.
The couple have been married 26 years and live in Simcoe. She has since been reunited with one of the twins she gave birth to in the 1970s as a result of the rape. The other has died.
Dempsey said the effort of going public with her story and the stress of making her announcement have taken its toll.
“I’m now on medical leave from my job.”