Sharia Finance: Last Gasp of a Doomed American Economy

November 11, 2008  •  From
Forget forced Islamic compliance and the risk of extortion; America may not be able to survive without sharia money.

Over the next year, the U.S. government will need to borrow somewhere in the neighborhood of $1 trillion, the most ever by far. Estimates go as high as $2 trillion, depending on how quickly the economy cools and how fast tax revenues fall. The simple question most of America has not asked is this: Where is the money going to come from? The federal government already knows the answer to that question, and it has implications Americans are not ready for but will soon be faced with.

America is going cap in hand to Middle East oil exporters. What government officials are not telling you is this: Islamic money comes with strings attached. Yes, sharia law “stipulates that money must not be used for a purpose incompatible with Islam” (Financial Times, April 26, 2007; emphasis mine). America will increasingly have to comply with sharia law, and what that entails isn’t pretty.

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