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Showing posts with label debit and credit cards. Show all posts
Showing posts with label debit and credit cards. Show all posts

Monday, October 15, 2012

FOR EVERYTHING ELSE, THERE'S AL-MASTERCARD

For Everything Else, There's al-MasterCard
MasterCard's dalliance with shariah finance plays into the hands of Islamist terror



Actual photo of shariah-compliant MasterCard -- complete with compass pointing to Mecca (source: NBC News)

The concept of shariah-finance is pretty simple. Muslims are forbidden to charge on interest -- the lifeblood of any credit card. So instead of interest, shariah-finance charges an upfront fee while simultaneously donating some of the proceeds to charity. Win-win-win for all involved.

This system of finance today holds about $1.5 trillion in assets, ultimately using a system that before 9/11 was difficult to track and bled into Islamist terror networks such as Hamas and the Muslim Brotherhood -- all under the guise of charitable giving.

So with a bit of marketing magic (and you have to admit, the compass is a nice touch) and some kowtowing to the strictures of shariah finance, MasterCard has gone green.

A nice, bright, Islamic Jihad sort of green.

There's no question that shariah finance has some fairly direct problems when it comes to the inevitable connection to financing Islamist terrorism.

The Holy Land Foundation is a classic example of this dalliance with Islamist terror. In 2007, federal authorities brought charges against this organization as a major funding source for Islamic terrorism. In an 11-page document, 305 unindicted co-conspirators were identified as having funneled money to either Hamas or the Muslim Brotherhood.

By 2008, the federal government landed convictions against five of these individuals, ultimately funneling over $12 million to Hamas since 1995. Among the groups that were complicit in this scheme were the Council on American-Islamic Relations (CAIR), the Islamic Society of North America (ISNA), and the North American Islamic Trust.

The method of financing Hamas? Through shariah finance, who funneled the money through zakat committees ostensibly designed to be charity front groups, but in reality were laundering the money to Muslim Brotherhood and Hamas terrorists in the Israeli West Bank and Gaza Strip.

...money that was used to kill Israelis and promote Islamic terrorism.
 
 
What's more interesting is that on the personal level in terrorist-sponsoring regimes such as Iran, the new MasterCards are a concerning new conduit for higher ups in the Iranian regime to skirt sanctions.

MasterCard clearly sees the dollars for their end of the "win-win" scenario, but utterly fails to see the moral dimension of participation in the system of shariah finance.

It is a simple equation of greed countermanding common sense.

This isn't to argue MasterCard should be charging interest rates to terrorists -- the means of MasterCard's dalliance with the conduits of Islamic terrorism is not what at are issue. What is at stake are the ends of shariah finance; results that are ultimately measured in Israeli or American lives.

Is that really worth an entry into the marketplace of shariah financing?
 
 
 
 
 
 
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Saturday, July 28, 2012

HOLMES' FATHER IS SENIOR SCIENTIST W/FICO - SET TO TESTIFY AT LIBOR



 This is HUGE news..

James Holmes (the colorado shooter) .. father is Robert Holmes who is set to testify at the LIBOR banking scandal hearings....

Also.. his father is a SENIOR SCIENTIST at the famous "FICO" .. you know .. the people who determine credit scores !

Here are the fathers details:

first.. here is what he looks like (seen arriving at the denver airport after the shooting caught by paparazzi TMZ):

http://www.tmz.com/2012/07/20/james-holmes-father-robert-holmes-colorodo-shooting/


here is more information on James Holmes father Robert:

http://www.linkedin.com/pub/robert-holmes/4/47b/24a

http://jamesholmeswiki.com/james-holmes-parents-robert


here is the basic search ..

https://www.google.com/search?q=robert+holmes+fico&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#q=robert+holmes+fico&hl=en&client=firefox-a&rls=org.mozilla:en-US:official&prmd=imvnsuo&ei=E6oTUJDTA4KdqQGZyICgAw&start=0&sa=N&bav=on.2,or.r_gc.r_pw.r_cp.r_qf.,cf.osb&fp=aa499a1... More


And the plot thickens...

Did I post the article that told of a staged scenario a few towns over that included a similar incident in a movie theater?  Do a search on the toolbar above.  It should be there.  I apologize if I haven't.  I think it was on prisonplanet.com.  Somebody let me know.

Thanks.


Friday, July 11, 2008

It's FRIDAY and the sky is gray. Fire ants and credit cards...

I have to go and burn some leaves over two fire ant mounds before the storm. Fire ants, if you don't know, are an imported species with a nasty venom that can kill wildlife, children, anyone with a venom allergy. The sting is painful, producing pustules that are painful and slow to heal. They swarm so fast you can get covered in seconds. There are so many mounds with connections that they are nearly impossible to kill. During and after rain, you can see them moving eggs to new quarters.

Nestlings, newborn fawns, goats, calves, etc., succumb to their bites, as are children.

I hate them. When I finish this entry, I'll go out and burn some leaves over the two sites.

Now, the next thing has nothing to do with fire ants - I can't make a connection. But it's about your use of credit and debit cards, and "the rules" of their use. I have a local convenience store that won't charge a card unless you have a $5.00 purchase. That's against the rules. And you don't have to sign the back, either. So you might want to give this link a browse. There are other good articles here. Knowledge is power!
http://consumerist.com/tag/credit-cards/?i=5023643&t=10-things-you-might-not-know-about-your-credit-card