Archive for October, 2008

Obama Constitutional Crisis

Pennsylvania Judge Surrick finds that Philip Berg’s case lacks “standing,” and dismissed the case against O. Click here to read about it.  However disappointing this may seem, I bet this case is not over. 

Please sign the following petition link regarding the Constitutional crisis involving Obama’s questionable birth certificate and citizenship: http://www.rallycongress.com/constitutional-qualification/1244/stop-obama-constitutional-crisis/

If you have blogs, websites, radio shows,  whatever, please post this on your sites.  Also, if someone could post this on PUMA sites as well as Free Republic and any other site that still allow free speech and uphold the Constitution it will be greatly appreciated, helpful, and patriotic.–MCL

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October 26, 2008 at 11:46 am 2 comments

Obama, Odinga, and Change

Obama helped his tribal relative, Raila Odinga, also a candidate for “change,” to power in Kenya. Well, here’s a plan for promised change in Kenya under Odinga…I think this looks bad for Obama; really, really bad! -MCL

 How Obama Friend Tried to Give Nation to Muslim Minority

Posted: October 19, 2008
8:47 pm Eastern

© 2008 WorldNetDaily 
Reproduced here is a copy of the agreement between Kenyan opposition candidate Raila Odinga and leaders of his nation’s Muslim minority. The Islamic leaders promised to strong-arm the country’s Muslims into voting for Odinga in return for his transforming place regions of the mostly Christian nation under the strict Islamic Shariah legal system.

During WND senior reporter Jerome Corsi’s recent trip to Kenya, the document below was authenticated by Christian former members of Odinga’s Orange Democratic Movement who fled the party when they discovered Odinga’s plan to impose Islam on their country:

 

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=78323

October 26, 2008 at 11:16 am Leave a comment

Honorable James David Manning: Send BHO Back to Kenya

The Honorable James David Manning is correct. Watch the video and learn why Barrack Hussein Obama is not a good choice for President, and why he should go back to Kenya.

October 19, 2008 at 9:34 pm 1 comment

B. Hussein O. an Egotistical Narcissist?

A Dangerous Man! 

“Narcissistic leaders are nefarious and their effects pernicious. They are subtle, refined, socially-adept, manipulative, possessed of thespian skills, and convincing. Both types [cerebral and somatic] equally lack empathy and are ruthless and relentless or driven.”  These were the very traits that distinguished Hitler and Khomeini. Many of these traits can be seen in Obama. As for his ruthlessness, perhaps his support of legislation to let babies die if they survive abortion, gives a glimpse into his soul, that he may lacks empathy, does not value life, and if in the position of power can be ruthless. Narcissists need power to show their ruthlessness. Considering the fact that Obama neglected his own half brother, George Hussein Obama, who lives on one dollar per month in Kenya, we can’t vouch for Obama’s empathy or say he is a caring person.

Egotistical Narcissist

The Diagnostic and Statistical Manual of Mental Disorders (DSM) describes narcissism as a personality disorder that revolves around a pattern of grandiosity, need for admiration, and sense of entitlement. Often individuals feel overly important and will exaggerate achievements and will accept, and often demand, praise and admiration despite worthy achievements.”  

The third and fourth editions of the Diagnostic and Statistical Manual (DSM) of 1980 and 1994 and the European ICD-10 describe NPD in similar language:
              
An all-pervasive pattern of grandiosity (in fantasy or behavior), need for admiration or adulation and lack of empathy, usually beginning by early adulthood and present in various contexts.  Five (or more) of the following criteria must be met:

  • Feels grandiose and self-important (e.g., exaggerates achievements and talents to the point of lying, demands to be recognized as superior without commensurate achievements)
  • Is obsessed with fantasies of unlimited success, fame, power or omnipotence, unequalled brilliance (the cerebral narcissist), bodily beauty or sexual performance (the somatic narcissist), or ideal, everlasting, all-conquering love or passion
  • Is firmly convinced that he is unique and, being special, can only be understood by, should only be treated by, or associate with, other special,  unique, or high-status people (or institutions)
  • Requires excessive admiration, adulation, attention and affirmation, or failing that, wishes to be feared and notorious (narcissistic supply)
  • Feels entitled.  Expects unreasonable or special and favorable priority treatment.  Demands automatic and full compliance with his expectations
  • Is “interpersonally exploitative” i.e., uses others to achieve his or her own ends
  • Is devoid of empathy.  Is unable or unwilling to identify with or acknowledge the feelings and needs of others
  • Is constantly envious of others or believes that they feel the same about him or her
  • Is arrogant, has haughty behaviors or attitudes coupled with rage when frustrated, contradicted, or confronted

Hitler, Khomeini, Joseph Stalin, Mao Ze Dong, Po Pot: All Egotistical Narcissists
 
 Barack Hussein Obama

Egotistical Narcissist?
Are you willing to take the chance?
[Thank you Mike for the above]

October 19, 2008 at 6:18 am 1 comment

Tarzan Does Not Believe in Celebrating Christmas!


It’s all very much an Islamist thing…The ever dynamic Pastor Manning says here that Senator Tarzan refuses to let his children or wife celebrate Christmas.  Moslems do not celebrate Christmas either… 
 As the president goes, so goes the nation.  And the nation has already gone against Christianity in so many ways.  The long term effect is a tortured underground church as in communist countries like the former USSR, Hungary, & China, etc, with great martyrs like Richard Wurmbrand keeping alive the fire of Christ, even if many of them have to give up their lives. 
 
The seed of pure faith in God can be the holy force that eventually rips through the blanket of darkness upon us. 
My  ex-husband (the muslim)  never liked Christmas either, never bought me a Christmas gift, and did not allow a tree in our house, or other Christmas decorations. The last year we were together, he tried to make me stay home, and not let me go to my Mother’s house for Christmas. His excuse was that she had a dog, and if I inadvertantly tracked a dog’s hair back into our house, his prayers would not be accepted by his god allah. (ouch!!…two birds with one stone!, …well actually three, with #3 being my relations with my family!) 
 
I went anyway and took my children, but it was the straw that broke the camel’s back for me concerning Islam and our marriage. I had some Christmas decorations in a box, in a closet, that I could not display in our home anyway. When we eparated weveral months later, I tried to take them but it led to a serious push and shove so I had to leave them behind. My guess is that he took them to the dump…
 
He wasn’t much on birthdays either…

October 16, 2008 at 9:14 pm Leave a comment

Is the Bailout Really a Ransom Payment…or a Jizya Tax?

By Mary Christina Love
October 15, 2008

Moody’s Investors Service, a credit rating agency, claims that the global Islamic finance market has grown about 15% each year since 2004 and is was worth about $700 billion last spring. The heavyweights of global finance took notice: Citigroup, HSBC, Deutsche Bank and others have affiliates devoted to Islamic finance.

Giant mortgage investor Freddie Mac began buying sharia-compliant mortgages in 2001. Freddie Mac buys from four banks that together originate mortgages nationwide. In addition to Devon Bank in Chicago, Freddie Mac bought mortgages from Guidance Residential in Reston, Va.; University Bank in Ann Arbor, Mich.; and American Finance House Lariba in Pasadena, Calif.

Freddie Mac bought more than $250 million in Islamic mortgages in 2007, but volume slipped as the housing market declined.

Sharia financing is mandated in the Quran and involves alms-giving to Islamic charities. Though modern muslims are not always required to use sharia financing they often prefer to, and may indeed claim it as a religious requirement. In business loans, Islamic financing is like an equity investment, with the bank essentially sharing profits with the borrower. Depositors and borrowers at Islamic banks share profits and losses with the bank, in lieu of receiving interest payments. It is an arrangement that U.S. banking regulators do not offer partly because the FDIC does not want to share in a losing investment. However, London based, Devon Bank has a small branch on Chicago’s North Side. According to David Loundy, Devon’s vice president and legal counsel, Devon Bank has transformed itself into a no-interest Islamic financing specialist. Sharia financial loans now account for over 75% of the bank’s mortgage portfolio, and Devon has made sharia compliant mortgages in 36 U.S. states.

Devon Bank caters to Pakistani and Middle Eastern immigrants. They believe Islamic finance is booming worldwide, fueled by high oil prices, and strict interpretation of the holy Quran across the Islamic world.

There’s some dispute about exactly where the Quran comes down on finance and interest.

Scholars at the Al-Azhar Institute in Cairo — influential in Islam’s chief Sunni denomination — declared in 2002 that the Quran did not prohibit all interest payments and charges, just those so exorbitant that they crossed the line into usury. Conventional banking has been widespread for years in the Islamic world, however, a stricter interpretation barring all interest has gained ground over the past decade and driven the growth of no-interest Islamic finance.

An Islamic mortgage is similar to a lease-to-own deal. The bank, not the borrower, buys the house. The borrower makes installment payments to the bank for a number of years, at the end of which he or she closes and obtains title to the house.

The bank’s profit technically comes from renting the house, not lending the money. Islamic mortgages are more costly than traditional mortgages because they involve paperwork for two home sales: the first by the bank, the second by the borrower after the installment payments are finished.

Many questions arise: Are sharia loans also “subprime” loans? Do banks make as much money on sharia loans that are not based on simple interest. Are the monthly fees the same each month, with the equity portion greater than the interest throughout the life of the loan? My concern is that since loans and terms are individual with sharia, terms such as “flexible” may leave room for “discrimination.” What are the actual interest rates on these loans? Are these the “subprime” loans we are talking about in the bailout? Is the recent “bailout” meant to purchase these sharia loans so that the banks can “lease” them to Muslims who received sharia loans? Given that Americans have given the Saudi’s so much financial power in the form of oil money, are American taxpayers and IRA holders in effect actually paying a ransom, a jizya tax, under the guise of a “bailout”? Do banks make as much from a sharia loans? Is a “faith-based” loan the same as a sharia loan?

Are faith-based and/or sharia loans discriminatory to non-muslims who have simple interest loans where the interest portion is much greater initially, and equity payments increase over time.

Are some of the “subprime” loans in the bailout sharia loans?

Types of Sharia loans. There are different types of sharia loans, just as there are different kinds of financing for traditional banks. In the following three types of financing a borrower doew three things initially:

  • Identify the property to purchase 
  • Negotiate the price of the purchase 
  • Make an earnest money payment

Cost plus sale transaction. A cost plus sale transaction is called murabah financing. It is where the bank buys a property and assumes the risk. The bank then sells it to the “borrower” for a fixed price, which is the price the bank paid plus the amount that will be the bank’s profit. The profit, established in advance, is based on the mortgage market rates at the time. The total price is then agreed to be paid to the Bank with an initial down payment and fixed installments by the borrower over an agreed-upon period of time.

Payments, scheduled at the beginning of the transaction, do not change and the borrower gains full ownership and title of the property at the closing. Although a murabaha transaction is a distinctly different legal arrangement than a conventional interest-bearing mortgage, the payments are similar to a conventional fixed-rate mortgage. The murabah loan has few additional costs over those of a conventional mortgage, and is the most readily-available  for borrowers in the U.S. 

Rent to own. Sharia rent to own is called ijara financing. The Bank purchases the property and gives ownership to a separate holding entity. The borrower agrees to purchase the property over time at cost. Title to the property is transferred to the borrower after the full cost of the property is paid over the allotted time. Because the borrower uses the property until it is paid in full, it is like paying rent. The borrower can choose from daily, monthly, or various annual payments.

The ijara loan is flexible, but more complex, with additional costs involved to establish and maintain the loan arrangement. The payments are similar to a conventional adjustable-rate mortgage. If there is sufficient value in the property, the borrower may be able to establish a sharia compliant line of credit.

Though less available than other financing, musharaka financing is another equity based rent to own property loan with the borrower and the financier as co-owners. The Bank purchases the property and the borrower agrees to purchase property over time, and at a cost. The balance of property ownership is transferred to the borrower with each payment as the payments are made to the financier. Again, the borrower can choose between daily, monthly, or various annual rental adjustment periods. In the event of a sale, the profit or loss is based on ownership percentage.It is more complex yet very flexible. It also has additional costs to establish and maintain the arrangement. The payments are similar to a conventional adjustable-rate mortgage. A line of sharia credit can be established with sufficient equity.

Islamic bonds. Islamic bonds are called suku. Nearly $33 billion in Islamic bonds were issued in 2007, up from $5.5 billion in 2001. Islamic bonds work something like Islamic mortgages, where investors technically earn money from rent, not interest. For instance, the German state of Saxony-Anhalt issued its first Islamic bond in 2004, selling government property to bond investors and then leasing it back.

Determining a sharia-compliant transaction can get tricky. HSBC and Citigroup each have sharia advisory boards consisting of Islamic scholars. Devon Bank, which has assets of just $250 million, depends upon advice from the Sharia Supervisory Board of America.

Tax breaks encourage Islamic banking, with Kuala Lumpur, the capital of predominately muslim Malaysia, emerging as an Islamic finance global capital. Besides Saudi Arabian banks, other places that participate in sharia banking are Singapore and Hong Kong.

Devon Bank-Faith Based Financing http://devonbank.com/pf_faithbasedfinancing.html 

Devon Bank Sharia Financing http://www.devonbank.com/Islamic/index.html 

Devon Bank, Freddie Mac Announce Expanded Financing Opportunities For Muslim Homebuyers  http://www.freddiemac.com/news/archives/afford_housing/2005/20050110_devonbank.html

Devon Bank and Freddie Mac Provide Islamic Home Financing http://muslim-investor.com/news/devon-bank-freddie-mac-islamic-house-financing.html

Islamic finance market has grown and is now worth about $700 billion worldwide.http://www.usatoday.com/money/industries/banking/2008-03-26-islamic-finance-sharia_N.htm

 

October 15, 2008 at 10:58 pm 1 comment

No Compromises Blog Talk Radio Show Pulled Due to Philip Berg Interview

Philip Berg was scheduled to be on No Compromises Blog Talk Radio on October 13, 2008. This is an outrageous assault on free speech! Please visit No Compromises When You’re Right Blog to read about it. You can help by sending letters to the personnel at Blog Talk Radio, whose names are listed there. Thanks!- MCL

The following is an Editor’s Note from New Media Journal:  ” …the publisher and host of NoCompromise, has informed readers and listeners that her most recent guest was to be none other than Phillip Berg, the former Democrat county chair from Pennsylvania who has filed suit against the Obama campaign and the DNC over Obama’s citizenship. We would have heard all about it but for the fact that BlogTalkRadio yanked her show stating that they determined (before the show was aired) that the content would not be “fact-based” and that it would “advance a falsehood”…on an opinion format internet radio broadcast. Censorship is here, my friends. Be afraid.”If Berg’s case can’t determined, how can Blog Talk Radio assert that it is advancing a “falehood?” Maybe we should dump the judges and have BTR the third branch of gov’t!

October 14, 2008 at 11:14 pm 1 comment

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