Soros and U.S. Trained Activists in Libya Egypt Bahrain Syria Tunisia Etc To Kill Islamic Banking

Soros and U.S. Trained Activists in Libya Egypt Bahrain Syria Tunisia Etc To Kill Islamic Banking

Puppetworld Post | April 2, 2011

Islamic banks have been eating into the profits of conventional banks in the Middle East because: they don’t charge interest (Shariah Law), they are growing very rapidly, and (in these catastrophic economic times) they are more stable than western banks.

The New York Times article “Islamic banking rises on oil wealth, drawing non-Muslims” ( November 22, 2007) reported: “Rising oil wealth is lifting Islamic banking – which adheres to the laws of the Koran and its prohibition against charging interest – into the financial mainstream. . . . In addition to Islamic loans, there are Islamic bonds, Islamic credit cards …In Islamic banking, financiers are required to share borrowers’ risks, meaning that depositors are treated more like shareholders, earning a portion of profits. …And while the biggest Islamic banks are in the wealthy Gulf states, the most attractive potential markets are in Turkey and North Africa (emphasis added) and among European Muslims… .”

Most people of the world prefer the conventional banking model. They don’t mind paying 20% interest on small loans (credit card). They don’t want to share in their bank’s profits: they want their banks to grow even bigger and stronger and more powerful to compete on international markets. They don’t mind paying income tax to bail out monster banks (i.e. too big to fail) for their bad gambling debts (i.e. TARP in U.S.) [and because that bail out is added to the government’s debt, they don’t mind paying interest on the bail out to the Federal Reserve (whose policies created the crisis)]. They don’t mind children dying in Africa due to third-world usury (countries that can’t pay down the principle have gone further into debt instead of declaring bankruptcy).

With the support of their governments, Islamic Finance is the fastest growing sector in the MENA region (Middle East North Africa) with huge business opportunities ahead in the untapped Muslim populations in many countries. Middle East regimes threaten to derail the forces of globalization and unseat traditional banking because Islam is setting up an attractive alternate model to conventional banking. Suffering a setback after the “Battle in Seattle”, the globalists have wrapped themselves in the cloak of democracy to further their agenda. Conventional western bankers see regime change in the Middle East as an imperative to competing with the success of the Islamic banking system (Henry, Clement Moore, PhD. and Robert Springborg. Globalization and the politics of development in the Middle East, Cambridge University Press, 2001, 2nd edition 2010).

In their Islamic Finance Outlook 2010 , Standard and Poor’s says, “Competition Is Mounting, With Conventional Banks’ Islamic Windows Actively Challenging Fully-Fledged Islamic Banks: Pioneering Islamic banks that have managed to acquire quasi-monopolies in their domestic niche markets are now facing stiff competition in our opinion. Their first mover advantage is shrinking in their domestic markets and we understand they are now looking at business and/or geographic diversification strategies. Conventional banks entering Islamic banking currently constitute the most active competitive threat to established Islamic banks. …”

Late in 2008, French Finance Minister Christine Lagarde announced France’s intention to make Paris “the capital of Islamic finance” and said several Islamic banks would open branches in the French capital in 2009. French sources estimate this area of the financial market is worth from 500 to 600 billion dollars and could grow by an average 11 percent a year.

John Sandwick, managing director of Swiss asset management firm Encore Management, characterized the opening of several Swiss Islamic banks as, “the race to control the rich prize: which today is worth hundreds of billions, but in the future will be trillions of dollars of Islamic wealth.”

Reporting on material from Wikileaks, The Telegraph (Islamic Finance Key To Ensuring London As Top Financial Center) reported that Robert Tuttle, the then US ambassador to the Court of St. James in London as stating“Should London successfully position itself as a leading Islamic finance center, it could gain an edge on New York, when the global financial markets recover. . . . Prospects for growth from a Standard & Poor forecast [see above], assesses the [Islamic Finance] industry to potentially contain up to $4 trillion of assets. Other estimates put growth figures even higher, since Muslims account for 20 percent of the world population. Presently only about 1 percent of global financial assets are controlled under finance compliant with Islamic law.”

Islamic banking is not yet established in North Africa (except in Sudan) and Egypt where large Muslim populations represent a very lucrative opportunity for Islamic banking in these emerging economies. “However, despite the current poor climate, the potential for Islamic banking in Egypt is huge,” states Executive Magazine (Feb 8 2011), “ … Clearly Islamic banks in the Gulf are already anticipating the day when their home markets are saturated. And it appears that Egypt will be on the next front-line in the development of regional Islamic banking and finance.”

“African countries such as Algeria, Egypt, Libya, Morocco, Tunisia and Sudan are keen on future sukuk exercises (issuing Islamic bonds),” [International Finance Review (Reuters), 2008]

ROTHSCHILDS/U.S. FINANCE REVOLUTIONS IN PLAIN SITE

(This portion was in the previous post. If you read it already, please scroll down to the table analyzing the banking profile and activist training in each country)

The MENA (Middle East North Africa) revolutions are from the same playbook as the nonviolent “color revolutions”. The playbook is From Dictatorship To Democracy by Gene Sharp of the Albert Einstein Institute (funded partially by George Soros). These revolutions have been successful in Serbia [especially the Bulldozer Revolution (2000)], in Georgia’s Rose Revolution (2003), in Ukraine’s Orange Revolution (2004), in Lebanon’s Cedar Revolution and in Kyrgyzstan’s Tulip Revolution (2005). Iran’s Green Revolution (2009) was unsuccessful.

The Guardian reported (Nov 26, 2004) that the following were “directly involved” in organizing the color revolutions: George Soros’ Open Society Institute, the National Endowment for Democracy (NED), the International Republican Institute, and Freedom House. The Washington Post and the New York Times also reported substantial Western involvement in some of these events. The network for this strategy is outlined in the Carnegie Endowment For International Peace’s Fact-Sheet: U.S. Actors Promoting Democracy In The Middle East. The nature of the programs is described below:

In 2007-08, Freedom House [funded by Soros and the Middle Eastern Partnership Initiative (MEPI)] ran the following program: “New Generation of Advocates, a MEPI-funded program that supports young civil society activists working for peaceful political change in the Middle East and North Africa, spearheaded the “Lawyers against Corruption” campaign in Tunisia.”(Freedom House website). The group of “journalists, lawyers, and other activists who advocate for democratic reform” had a meeting with then Secretary of State Condoleezza Rice, on a trip to Washington on International Human Rights Day, December 10, 2008. In May 2009, U.S. Secretary of State Hillary Clinton met with the group of activist/dissidents. Freedom House reported on their website that the group also visited “U.S. government officials, members of Congress, media outlets and think tanks . . . After returning to Egypt, the fellows received small grants to implement innovative initiatives such as advocating for political reform throughFacebook and SMS messaging.” (emphasis added)

In 2010, Soros’ Open Society Institute funded a grant called ‘Can It Tweet its way to Democracy? The promise of Participatory Media in Africa’ described on the OSI website as being focused in Ethiopia and Egypt.

Facebook and Twitter were the primary means of organizing the revolution in Egypt: “Activists from Egypt’s Kifaya (Enough) movement – a coalition of government opponents – and the 6th of April Youth Movement organized the protests on Facebook and Twitter . . . .” (Voice of America)

In the Foreign Policy Journal, Dr. D.K. Bolton (Jan 19 2011) writes, “NED [National Endowment for Democracy] and Soros work in tandem, targeting the same regimes and using the same methods. . . . At least ten of the twenty-two directors of NED are also members of the plutocratic think tank, the Council on Foreign Relations . . . .” (The Council of Foreign Relations is the American sister of the Rothschild’s Royal Institute of International Affairs in Britain: both are instruments of plutocratic control hiding in plain sight.)

NED is funded by the U.S. government and private interests (including George Soros). The following are quotes from the NED website from a few 2009 projects:

“Al-Jahedh Forum for Free Thought $131,000 To strengthen the capacity and build a democratic culture among Tunisian youth activists.”

“Mohamed Ali Center for Research, Studies and Training $33,500 To train a core group of Tunisian youth activists on leadership and organizational skills to encourage their involvement in public life. [MACRST] will conduct a four-day intensive training of trainers program for a core group of 10 young Tunisian civic activists on leadership and organizational skills; train 50 male and female activists aged 20 to 40 on leadership and empowered decision-making; and work with the trained activists through 50 on-site visits to their respective organizations.”

“Association for the Promotion of Education $27,000 To strengthen the capacity of Tunisian high school teachers to promote democratic and civic values in their classrooms.”

“Al-Jahedh Forum for Free Thought $57,000 [in 2008] To train Tunisian activists.”

In Egypt, the number of NED grants doubled in 2009 to 33 democracy projects totaling $1.4 million and the focus changed from promoting private enterprise to training young human-rights lawyers, and identifying and training youth activists:

“Egyptian Union of Liberal Youth (EULY) $33,300 To expand the use of new media among youth activists for the promotion of democratic ideas and values. EULY will train 60 youth activists to use filmmaking for the dissemination of democratic ideas and values.”

“Andalus Institute for Tolerance and Anti-Violence Studies (AITAS) $48,900 To strengthen youth understanding of the Egyptian parliament and enhance regional activists’ use of new technologies as accountability tools. AITAS will conduct a series of workshops for 300 university students to raise their awareness of parliament’s functions and engage them in monitoring parliamentary committees. AITAS will also host 8 month-long internships for youth activists from the Middle East and North Africa to share its experiences using web-based technologies in monitoring efforts.”

”Egyptian Democracy Institute (EDI) $48,900 To promote accountability and transparency in parliament through public participation, and to build legislative capacity. EDI will produce quarterly monitoring reports and hold seminars to discuss the overall performance of Parliament and offer recommendations on legislation proposed in the People’s Assembly. EDI will monitor, collect, and document evidence of corruption in Cairo and Alexandria.”

“Lawyers Union for Democratic and Legal Studies (LUDLS) $20,000 To support freedom of association by strengthening young activists’ ability to express and organize themselves peacefully within the bounds of the law. LUDLS will train 250 youth activists on peaceful assembly and dispute resolution”

“Youth Forum $19,000 To expand and maintain a network of youth activists on Egyptian university campuses and to encourage the participation of university students in student union elections and civic activities on campus. . . .”

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George Soros is a wealthy, billionaire globalist. His long-time trading partner was the late James Goldsmith, British banker and cousin to the Rothschilds. James’ grandfather Adolphe Goldschmidt came to London as a multi-millionaire in 1895 and changed the family name from the German Goldschmidt to the English Goldsmith. The Goldschmidts, like their neighbors and relatives the Rothschilds, had been prosperous merchant bankers in Frankfurt Germany since the 16th century (Wikipedia).

These revolutions are done under the pretense of bringing democracy and deposing despots, but the real aim is to initially create chaos and a leadership vacuum, then quickly offer a solution: install a puppet that will do the economic bidding of the Rothschilds. The citizens gain civil liberties, but become economic serfs.

These revolutions are most likely coordinated at the highest levels by the International Crisis Group. Mohamed ElBaradei is already being touted as a new leader for Egypt. ElBaradei is a trustee of the International Crisis Group. Another board member of this group is Zbigniew Brzezinski (another frontman for the Rothschilds). George Soros also sits on the executive committee.

TABLE I: COUNTRY BY COUNTRY ANALYSIS OF ISLAMIC FINANCE AND ACTIVIST TRAINING

(For the exact figures for this table plus oil reserves, and sources see the page on this topic in the menu on the right)

MENA COUNTRIES(MENA is Middle East North Africa)	BANKING PROFILE				PopulationSize 2008S: <5M M: < 10M L:<40M XL: >40M	TRAINING ACTIVISTS 2006 -2008 [last year available--does not include MEPI ($110M) and Open Society Institute(est.$90M)]
	Central Bank controlled by thestate	Financial Center for Islamic Finance	Number of Islamic Financial Institutions Is LOW ( < 10)	Market Share of Islamic Financial Institutions Is LOW (< 15%)		USAID +State GJD +NED 2006-2008 (million $)	(USAID + State GJD + NED) dollars per 1000 people
Bahrain		Bahrain		X	Small	$ 0.6M	$550 HIGH
Egypt			X	X	XXLarge	$ 156M	$2100 HIGH – EXTRA
Iran	Iran	Iran			Large	$ 38M	$1230 HIGH – VERY
Iraq	Until 2004		X	X	Large	$1638M	$52840 HIGH – EXTRA
Jordan			X	X	Medium	$ 55M*	$9320 HIGH - EXTRA
Kuwait					Medium	$ 0.2M	$60 LOW
Lebanon			X	X	Small	$ 48M	$12000 HIGH – EXTRA
Qatar					Small	$0	$0 LOW
SaudiArabia					Large	$ 2M	$80 LOW
Syria	Syria		X	X	Large	$ 7.5M	$380 MODERATE
Turkey			X	X	XXLarge	$ 5.5M	$70 LOW
UAE					Small	$0	$0 LOW
Yemen			X		Large	$ 8M	$330 MODERATE
TOTAL FOR MIDDLE EAST	2	2	Na	X		$321M (not including Iraq)	$1070 (not including Iraq) HIGH – VERY
North Africa
Algeria			X (2)	X (15%)	Large	$2M	$58 LOW
Libya	Libya		X (0)	X ( 0%)	Medium	$ 0.6M	$82 LOW
Morocco			X (1)	X	Large	$ 22M	$670 HIGH
Sudan	Sudan				Large	$ 171M	$4480 HIGH – EXTRA
Tunisia		Tunisia	X (3)	X	Medium	$ 1.1 M	$110 MODERATE
TOTAL FOR N. AFRICA	2	1	X (36)	X		$197M	$1600 HIGH – EXTRA
GRAND TOTAL FOR MENA REGION	4	3	304	na	Na	$518M	$1230 HIGH – VERY

* includes similar projects from the Millenium Challenge Corporation

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].