Wednesday, March 26, 2008

Treasury Department Making Special Agreements With Islam Over Vital U.S. Investments

Treasury Department Making Special Agreements With Islam Over Vital U.S. Investments

By Bill Wilson, KIN Senior Analyst

WASH—Mar 21—KIN-- The U.S. Treasury Department has rushed to secure agreements with Islamic nations over their bid to take huge ownership positions in America’s largest financial institutions. The agreements, although not yet public, seek to allay the concerns that Islamic nations would use their financial muscle to impose Sharia law over U.S. investment firms. The agreements lay down precedence for how secretive sovereign wealth funds will invest their money in U.S. companies. The agreements, which are outside the laws, call for more transparency in disclosing purpose, returns and regulatory compliance. They also seek to prevent political leverage associated with Islamic ownership of U.S. companies.

The entire U.S. government is dangerously off base in handling the Islamic world. The government is operating under the concept that by legitimizing Islam through democratic principle and Western-type agreements that Islam will behave like any other entity bound by the covenant of agreement and law. For example, the U.S. has supported the establishing of a Palestinian state in Israel under the belief that by giving Islamic terrorists their own state, they will somehow change their behavior to peaceful coexistence with Israel. The Bush Administration has done the same by recognizing Kosovo and has done the same in Pakistan by allowing a safe zone area near the Afghanistan border for the Taliban and al Qaeda.

By entering into agreements, as the Treasury Department has, with Islamic governments, the Treasury Department is under the false assumption that the Islamists will deal honestly according to the agreements. Did the United States expect Hitler to abide by agreements? Did the United States expect the Soviet Union to abide by agreements? If we did, we were highly disappointed. Even today, North Korea, Iran, China, Syria, Russia, and many others are not trustworthy in compliance with agreements. This is because they operate on a different set of standards than does the United States.

It is folly to think that countries that do not recognize Judeo-Christian values will abide by laws and agreements based on honoring Judeo-Christian laws. And moreover, if this nation is at war with a fascist entity such as Islam, it is foolish to expect that Islam will honor any agreement with America. Oil prices are at record levels for one reason—Islam is draining the United States of its middle class and using the money to buy key United States businesses that control wealth and wealth distribution. 1st Corinthians 15:33 says, “Be not deceived: evil companionship corrupts good moral habits.” America is breaking its covenant with God by supporting and trusting Islam.

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