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2007-07-08 Southeast Asia

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Posted by Zenster 2007-07-08 02:43|| || Front Page|| [11130 views ] Top
File under: Global Jihad

#1 For a long, long time commerce and finance in pretty much all of southeast Asia has been Chinese turf. These are ethic Chinese many generations removed from the homeland but still tied to their homeland families as if by steel cable. A lot of these families have tended to operate more like Mafia familes than like John-Boy and the Waltons. I'm not sure how keen they will be to losing their business - I guess what will happen will depend on how well-connected their home families are in the Chinese government.

Posted by Glenmore">Glenmore 2007-07-08 03:31|| 2007-07-08 03:31|| Front Page Top

#2 I guess what will happen will depend on how well-connected their home families are in the Chinese government.

Or their ability to bribe those who will stay bribed.

Posted by Zenster">Zenster 2007-07-08 04:46|| 2007-07-08 04:46|| Front Page Top

#3 Indonesia is taking steps to ramp up its Islamic banking sector, which some financial analysts believe has the potential of creating the largest sharia finance area in the world.

Eating is highly overrated, eh?

Posted by gromgoru 2007-07-08 05:02|| 2007-07-08 05:02|| Front Page Top

#4 I don't quite understand. They call it a fee instead of interest and it is OK? How do you get profit sharing from a loan to buy a car? Zenster I googled halawa and got recipes for sweets and Hawaiian sites, do you mean it's sweet?

Indonesia worries me because it's close to where I live - only PNG stands in the way and half of it has already been taken over by Indonesia. Plus I plan on moving to Bougainville when I retire.

Posted by Gladys 2007-07-08 05:36|| 2007-07-08 05:36|| Front Page Top

#5 On the whole, the Muslim world currently gets failing grades on human rights but there is no reason why they cannot excel in commerce. Some of the Saudi princes (I forget which) have shown good financial judgment in buying hard assets like properties and investing in major companies like Citibank.

Forging stronger business ties with these parts of the world may be an underutilized asset in the War on Terror. Remember, at one time Japan was an enemy but today our economic interdependence helps to cement our alliance.

Posted by Grumenk Philalzabod0723 2007-07-08 06:51|| 2007-07-08 06:51|| Front Page Top

#6 Gladys, it's a simple misspelling. Try this instead: hawala. As far as I can understand it (and anything to do with money besides the spend/don't spend decision is beyond my expertise) Hawala is an informal money transfer system undertaken within certain Muslim families scattered around the world. You give your money to Achmed in your village, and your mother back in the old beduin encampment can pick it up from Achmed's cousin Mohammed three tents over... less a handling fee, of course. There are no records, no taxes, and upfront fees instead of the forbidden interest. The hawala families also make loans, although they call it something else, and again they charge upfront fees (that somehow work out to what the interest would've been had they actually charged interest). It's a lovely way to get lots of money to terrorists and criminal gangs without a ripple in the official world.

Posted by trailing wife 2007-07-08 08:18|| 2007-07-08 08:18|| Front Page Top

#7 I can't wait until the clerics start making Fatwas against the fees themselves.

Posted by Ol Dirty American 2007-07-08 09:54|| 2007-07-08 09:54|| Front Page Top

#8 ODA---It's all semantics. If you can justify to yourself that lying to infidels is ~~kosher~~ sanctioned, then you can bridge the gap between what is a fee and what is interest. And you can play the game of "fool yourself" forever.

You see, Delusion is the Solution and you can have a clear conscience when you go to Ablution.

Posted by Alaska Paul in Kahl-ee-forrn-ya 2007-07-08 12:26|| 2007-07-08 12:26|| Front Page Top

#9 If you really researched it, I'm sure that you would find compound interest at the root of what is keeping the doors open at every wahabi mosque.

Posted by Super Hose 2007-07-08 12:40|| 2007-07-08 12:40|| Front Page Top

#10 AP - In places run uncer islamic rule, what you will get is that eventually, the most strict applications are applied. New Fatwas will be issued when convenient for one sector of clerics to gain dominance over another restricting freedoms even more. I would fully expect a rival cleric sevt to eventually equate the fees to interest charged in order for that sect to gain power over its rivals that allow it.

Posted by Ol Dirty American 2007-07-08 13:19|| 2007-07-08 13:19|| Front Page Top

#11 Thank you for the catch, trailing wife. I did indeed mean the hawala network. It is a terrorist financing operation that desperately needs to be shut down in order for America to become more secure and Muslim unfriendly.

Some of the Saudi princes (I forget which) have shown good financial judgment in buying hard assets like properties and investing in major companies like Citibank.

The question remains as to just how much of that money has been diverted from proper dispersal to Saudi Arabia's poor and needy. Disregarding any redistribution of wealth, there also stands the issue of how those enormous investments are not being made in any industrialization or technical universities. Saudi Arabia shortly would cease operating if it were not for foreign expertise in almost every critical sector like petroleum and their military. It is a pattern of corruption endemic to the MME (Muslim Middle East) that impoverishes the entire region to near stone-age levels.

I find it extremely difficult to praise the business acumen of a family who reaps ill-deserved profits and then funnels them into spreading Wahabbist filth and Sunni terrorism throughout the world.

If you can justify to yourself that lying to infidels is kosher sanctioned, then you can bridge the gap between what is a fee and what is interest. And you can play the game of "fool yourself" forever.

Islam is a violent fantasy of sexual domination and appropriating unearned wealth or territory. It simultaneously ignores reality and absolves itself of any wrong in doing so. Delusion and cognitive dissonance are its stock in trade. Non-believers are made to bear the horrific brunt of Islam's abject refusal to be on speaking terms with the truth.

Posted by Zenster">Zenster 2007-07-08 13:52|| 2007-07-08 13:52|| Front Page Top

#12 At the risk of sounding cynical and intolerant, I thought the words Islam and Potential were an oxymoron.

Posted by WolfDog 2007-07-08 17:28|| 2007-07-08 17:28|| Front Page Top

#13 Statistically speaking, there's always potential, WolfDog. ;-) Where exactly that probability lies between zero and one requires cleverer calculations than I'm capable of, though.

Posted by trailing wife 2007-07-08 17:40|| 2007-07-08 17:40|| Front Page Top

#14 #11: "The question remains as to just how much of that money has been diverted from proper dispersal to Saudi Arabia's poor and needy."

That would be ALL of it, of course, Zen.

Posted by Barbara Skolaut">Barbara Skolaut 2007-07-08 19:07|| http://ariellestjohndesigns.com/]">[http://ariellestjohndesigns.com/] 2007-07-08 19:07|| Front Page Top

#15 That would be ALL of it, of course, Zen.

Never one to mince words, eh, Barbara? Quite the endearing trait of yours, although I'm sure more than a few would argue that with me. As Oscar Wilde said:

"It is best to mince one's words very finely as it makes them so much easier to eat afterwards."

Posted by Zenster">Zenster 2007-07-08 20:48|| 2007-07-08 20:48|| Front Page Top

23:42 Eric Jablow
23:35 borgboy2001
23:21 Zenster
23:20 RD
23:19 RD
23:19 Adriane
23:10 Mike N.
22:57 Super Hose
22:55 trailing wife
22:55 N Guard
22:53 Mac
22:52 Super Hose
22:48 rpg7
22:45 Zenster
22:42 Super Hose
22:31 Mike N.
22:16 Frank G
22:15 trailing wife
22:03 OldSpook
21:59 Jonathan
21:49 Eric Jablow
21:39 gromgoru
21:27 N Guard
21:19 lotp