Via Jerome Corsi at WorldNetDaily comes a story that should have you clicking on my Boycott Islam campaign section immediately, watching your stock portfolio even more carefully, and once again proves that I am ahead of the curve (thanks to all that sent this important story in):
In a complex set of transactions, Dubai is moving to acquire 19.9 percent of the Nasdaq in New York, placing the Arab government in an ownership position of the key U.S. stock exchange and raising concerns in Congress.
As a result of the transaction, Dubai also will acquire 28 percent of the London Stock Exchange, one of the oldest and largest in the world.
The transaction is being made through Borse Dubai, a holding company 100-percent owned by the government of the Emirate of Dubai and controlled by Mohammed bin Rashid al-Maktoum, the head of the Dubai ruling family.
According to its website, Borse Dubai was created Aug. 6 as the holding company for Dubai Financial Market and Dubai International Financial Exchange in a move to consolidate the Dubai government’s two stock exchanges “as well as current investments in other exchanges, expanding Dubai’s position as a global capital market hub.”
The announcement set off a firestorm of criticism in Washington, prompting President Bush to comment today in a news conference, “We’re going to take a good look at it, as to whether or not it has any national security implications involved in the transaction. I’m comfortable with the process to go forward.”
On July 26, Bush signed into law the Foreign Investment and National Security Act of 2007, a law passed after last year’s controversy over the effort by Dubai Ports World to acquire London-based Peninsular & Oriental Steam Navigation, an international ports operating firm that would have given Dubai control of operations in up to 22 U.S. ports.
The Foreign Investment and National Security Act of 2007 was passed to strengthen the examination requirements of the Committee on Foreign Investment in the United States, or CFIUS, a highly secretive bureaucratic panel constituted by the Treasury Department to pass verdict on the national security implications of foreign investments in the U.S.
In a letter today, Sen. Charles Schumer, D-N.Y., urged Treasury Secretary Henry M. Paulson to conduct the Borse Dubai CFIUS review under the standards imposed by the Foreign Investment and National Security Act of 2007, even though most of the requirements of the new law do not take effect until later this fall.
Schumer chairs the Joint Economic Committee, composed of 10 members each from the Senate and House of Representatives.
“Nasdaq is not just any exchange, but one of the world’s largest,” Schumer wrote Paulson. “With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market.”
Schumer’s letter posed five specific questions for Paulson:
1. What national security concerns are raised by allowing a foreign government to own U.S. financial exchanges?
2. Specifically, with respect to Dubai, are there national security concerns about this particular country’s influence or control over a U.S. exchange?
3. U.S. exchanges are a critical asset to our national economic infrastructure. What implications would foreign government control or influence have on our economic security?
4. U.S. economic security depends on continued competitiveness in a global financial market. What impact will this transaction have on U.S. financial competitiveness?
5. If national and economic security concerns can be satisfied, should restrictions be placed on this transaction to limit Dubai’s control and influence over U.S. exchanges?
The Department of the Treasury could not be reached for immediate comment.
I have a question of my own: how can it not be a national security risk to allow Muslims to buy up U.S. stock and land? Oh, yes, go ahead, call me a ‘racist’ for such statements; continue to be incredibly stupid and short-sighted, but when the day comes that you are living in a cardboard box while some sheik owns your granddaughter in a harem on Broadway or near London Bridge, don’t say I didn’t try to warn you.
Podcasts Archive
We are collectively selling our souls and our own civilization for oil. Oil money in the hands of Muslims will ensure our submission. Financial Jihad is as dangerous to violent jihad. Anyone who doesn’t get that is in for a shock someday soon.
How can people not be alarmed over this? Why aren’t the media beating the drum on this one? It’s economic jihad!
@Always, if the Alaska and Canadian north can be developed sufficiently, there would be enough oil for North America for a long time, coupled with conservation and alternative energy sources.
All last week, the UK papers were running a story as well. . .links to financial jihad in the UK ? . . .
British government attempts to stop bank panic…
Fears rise over online banking problems…
BLACK MONDAY…
PREPARE FOR PROLONGED TURMOIL, SAYS TREASURY SECRETARY…
UK BANK SEEKS TAKEOVER AS SAVERS PUSH IT TO BRINK…
Fears Spread Among UK Bank’s Customers…
British bank rocked by panic withdrawals…
Recall last year . . .
Chancellor Gordon Brown last week called for Britain to become the international centre of Islamic finance.
and then this call for caution . . .
findarticles.com/p/articles/mi_qn4158/is_20060624/ai_n16507203#\">Muslim-friendly mortgages could turn out to be costly
(note: on preview, this link was not working anymore . . .here is the internet archive link)
That islamic mortgage shell game isn’t working out so well - eh?
I’m not versed in the financial arena but my instincts tell me this does not bode well for financial security . . .perhaps someone who understands this topic can explain the absence of concern from the financial gurus.
I am not a financial whiz-kid but I can’t see how this is good for the west.
I agree with Sounder.
They have quite a bit of control of our media, we are at their mercy for oil, hence the whole economy depends on them, and now they have a “say” in our money markets. (I am not quite sure of the implications).
Add to that the fact that our ‘blogs are being hacked into and you have a rather sinister situation,IMHO.
We are losing our fee speech, our leaders sit there and do nothing but take “oil money” - and are bought and paid for. Carter comes to mind,,,
We have a 5th column Trojan horse amongst us already, just waiting for orders to follow.
They let people like the Iranian president into the US to spew his venom, and do nothing about it. Can you imagine if there was some heads of state meeting in Iran and they let Bush in? I can’t.
It’s embarrassing and humiliating, not to mention downright dangerous.
The worst part is that I can’t see any leaders in the west emerging to make a stand for any of us.
I’m dumbfounded. How can Bush or any other American be “comfortable” with this?!
The American people still mistakenly believe that they can rely on the U.S. Government to make the right decisions. The current ‘rule by the rich’ Washington scene is a joke on all of us.
They have just taken control of the London Stock Exchange:
news.com.au/heraldsun/story/0,21985,22470317-5005961,00.html
Qatar, Dubai gain control of London Stock Exchange
Just saw that Gordon Brown is very popular.I can’t quite reconcile the 2 facts.UK posters on other ‘blogs seem to know what is going on and that their countrymen are waking up. Doesn’t look like it to me.
You are now funding terrorism, one nickel at a time:
usatoday.com/money/companies/2007...-mirage-dubai-world_N.htm?csp=34
All new meaning to “one armed bandits”
Nobody will take care of you like you.
Don’t expect to be saved or bailed out if or when the hammer falls.
Be Prepared in a reasonable way , try to reduce risk and eliminate single points of dependency if you can.
That’s all any of us can do while we work to spread awareness of the threat by helping people understand this thing and its agenda.