TRADING FREEDOM FOR OIL

July 12, 2009 at 8:57 am 4 comments

America is in a highly compromising position of servitude after decades of concessions with the Saudis to obtain oil and preserve invested business interests. Submissiveness to Saudi/Islamic rules has placed America in a state of dhimmitude, which is essentially enforced compliance of Islamic Law on non-Muslims. It extends into the arenas of energy, security, policy, education, finance, and religion.

Saudi-Islamic interests became synonymous with “American national interest.” when Saudi King Faisel warned the president of ARAMCO in the 1970s that American oil companies must prove their loyalty to his Islamic kingdom or suffer higher oil prices, and perhaps lose all their investments in the region. With bribery an incentive and extortion a consequence of non-compliance, officials engaged in public relations efforts to improve the Arab image in America. The effort involved intense lobbying, public relations events, and massive media propaganda to influence Congress and to change America’s opinion regarding Israeli concerns, and Israel’s right to exist.[1]

 In lieu of paying the Saudis foreign aid, an agreement in 1972 allowed oil-producing countries to receive 25% of each American oil company’s profits, allowing for gradual transfer of ownership that would reach 51% by 1983. The American oil companies did not realize that loopholes in the agreement would eventually allow the Saudis to demand more money per barrel of oil in the future.[2]

 The oil weapon became a reality when the U.S. resupplied Israel militarily during the 1973 Arab-Israeli War. The resulting embargo led to oil price hikes and a ban on oil shipments to some countries and a hike in price. Interestingly, the price of oil had risen only one dollar in the twenty years from 1953-1973, but on October 16, 1973 the OPEC cartel increased the price to $5.12 per barrel.[3] Some Arab countries were earning $12.7 million dollars per hour in 1974.[4]

 Petrodollar recycling allowed for oil revenues to be recycled back into the U.S. market in stocks, bonds, financial securities, and bank deposits. Initially investing most of its funds in U.S. government securities, Middle East oil exporters held $39.9 billion in U.S. Government securities by the end of 1983, with Saudi Arabia the largest shareholder. Saudi Arabia became a major investor in American corporations and by 1978, Saudi Arabia was the largest shareholder of FANNIE MAE.[5] Bank of America, Chase Manhattan, Chemical Bank, Citibank, Morgan Guaranty were banks that benefited from the growing Arab oil revenue surplus[6]

 To induce the Saudis to invest in the U.S., the American government agreed to confidentiality regarding Arab investments. The Kuwait portfolio, managed by Citibank included large shares of Mc Donald’s, Ralston Purina, Atlantic Richfield, Johnson & Johnson, General Motors, General Mills, Dow Chemical, Eastman Kodak, J.C. Penny, and Proctor & Gamble. [7]

 In 2008, Citigroup’s largest shareholder was Saudi Arabia’s Prince Alwaleed bin Talal, with the Abu Dhabi Investment Authority and Kuwait Investment Authority more recent investors.[8] During the 2008 financial crisis, Citigroup purchased Wachovia for $2.1 billion, and absorbed up to $42 billion of losses from Wachovia’s $312 billion loan portfolio. The sale allowed for keeping the name ‘Wachovia,’ and gave Citigroup over 4,300 U.S. branches with $600 billion in deposits, placing Citigroup among the U.S. banking industry’s “Big Three,” alongside Bank of America Corp. and JPMorgan Chase & Co.

 Unknown to the average American, Saudi Basic Industries Corporation (SABIC) acquired General Electric’s Plastics division for $11.6 billion in cash on May 21, 2007.[9] A financial company with a manufacturing arm, GE is one of the largest lenders in countries other than the United States, and stands to receive Stimulus money.[10]

 The U.S. Treasury Department is aware that, Shari’ah financial products fund terrorism, yet on November 6, 2008. the U.S. Treasury Department and the Islamic Finance Project of the Harvard Law School, hosted a forum entitled “Islamic Finance 101” Just two days after the 2008 Presidential Election, and in the midst of the 2008 financial crisis, the forum was an effort to train government employees on Shari’ah-compliant finance (SCF). Its purpose was to introduce and educate the Treasury Department staff, U.S. banking regulatory agencies, Congress, Department of Treasury, and other parts of the Executive Branch on Shari’ah finance. According to a press release, the forum was reportedly “designed to help inform the policy community about Islamic financial services, which are an increasingly important part of the global financial industry.”

 Saudis also use petrodollars to influence American education from elementary schools to universities. Sarah Stern, who heads the Washington, D.C. based Endowment for Middle East Truth think-tank (EMET) said the Saudis are making use of a clause called “Title VI” to indoctrinate teachers from K-12th grade with anti-American, anti-Israeli standards. Title VI and the loopholes in Bill Clinton’s 1995 Educational Guidelines allow academia to bring in off-campus activists, and pay them lecture fees to propagandize teachers and the general public at taxpayer expense.[11]

 Over the last 30 years, the Saudi royal family has contributed over $70 billion to promote Arab studies that center around Islam and spread anti-American and anti-Israeli propaganda. Some of the Universities that receive endowments include Berkeley, Harvard, Columbia University, USC, Duke University, and even Texas A&M, to name only a few. Politicians welcomed programs and students from the Middle East when Arab leaders began lavishing generous donations to American educational institutions. In return, they demanded special privileges and the right to influence policy favorable to Islam. [12]

 Infiltration of the U.S. military chaplain corps and military ranks allowed Wahhabi-connected clergy to gain access to federal and state prison penal systems when the National Islamic Prison Foundation (NIPF) was founded in 1993 under Bill Clinton. Saudi-trained Islamic clerics began to minister to incarcerated Muslims and convert inmates to Islam. Practitioners of Saudi Arabia’s extreme, fundamentalist form of Islam were certified and trained as prison chaplains by either the Islamic Society of North America (ISNA) or the Graduate School of Islamic and Social Sciences. The NIPF receives thousands of books and pamphlets from Arabic nations to distribute to inmates and the Saudi government provides Korans to U.S. jails.

Al Qaeda training manuals found by U.S. troops in Afghanistan revealed that America’s black prisoners are a prime recruitment target for radical Islam. The NIPF clerics claim an average of 135,000 prison conversions each year, and most of them are African Americans, who upon their release could become Jihad soldiers. [13]

 Americans need to wake up from the dream that we are safe from terror. Allowing Islamic teaching in prisons is, in the very least, not beneficial for the American society, as prison reform should be. Rather, it further intensifies racism and hatred, and makes the converts even more radically anti-American and dangerous. Preaching Islam in the military is equally contradictory, as Muslim loyalty is clearly not with the American government nor concerned with the safety of American citizens.

 With a downsizing American military dispersed to Iraq and Afghanistan, it is reasonable to conclude that these hostile to whites Islamic converts will join forces with the known terrorist groups already in the U.S. such as Sheik Gilani’s thirty-five camps of The Soldiers of Allah, [14] to one day be used against non-Muslim Americans in the increasingly likely act of terror or martial law. It is most disturbing to imagine and horrific to acknowledge that this may be the exact scenario if we neglect to produce our own oil and confront the multifaceted Islamist invasion that is occurring in our midst and at our expense.


[1] Emerson, Steve; The American House of Saud: The Secret Petrodollar Connection, Chapter 2, pp. 28-29, Franklin Watts Publisher, 1985

[2] Ibid; Chapter 2, pp. 26-35 

[3] Ibid; Chapter 4, p. 38 

[4] Ibid; Chapter 4, p. 45

[5] Ibid; Chapter 16, p.330 

[6] Ibid; Chapter 16, p. 315-333 

[7] Ibid; Chapter 16, p. 329-330 

[8]Malik, Tala; “Citi Launches Shari’ah Compliant Products in UAE,” May 13, 2008, http://www.arabianbusiness.com/519157-citi-launches-shariah-compliant-corporate-products-in-uae 

[9] Deutsch, Claudia H.; May 22, 2007, “General Electric to Sell Plastics Division,”  http://www.nytimes.com/2007/05/22/business/22plastics.html/?_r=1 

[10] “SABIC,”  http://en.wikipedia.org/wiki/Saudi_Basic_Industries_Corp 

[11] Fende, Hillel; “Saudi Infiltration into U.S. Education,” Israel National News, September 2008, http://www.israelnationalnews.com/News/News.aspx/127663 

[12] Kaplan, Lee; “The Saudi Fifth Colimn  on Our College Campuses,” April 5, 2004, http://www.frontpagemag.com/readArticle.aspx?ARTID=13551 

[13] “National Islamic Prison Foundation,” http://www.discoverthenetworks.org/groupProfile.asp?grpid=6387 

[14] “Frightening Film on U.S. Training Camps,” February 17, 2009,  http://www.foxnews.com/story/0,2933,494424,00.html

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Entry filed under: Banking Bailout, Conservatism, Current Events, Environmentalism, Finance, Islam, Jihad Prevention, Modern Day Islam, Muslims, Oil, Politics, Random, Religion, Saudi Arabia, Sharia Finance, Sharia Law, Slavery, Special Privileges for Muslims, Subprime loans, Thoughts, Uncategorized. Tags: , , , , , , , , , , , , .

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4 Comments Add your own

  • 1. Keivn Murphy  |  July 14, 2009 at 12:17 am

    omg, my children being teach in public school that may be influenced by a political economic reason? thanks god I choose homeschool, I can’t believe all this whole stuff and I’m sorta disagreeing about it but its for sure why I will always prefer my quality k-12 customized digital textbooks without any political economic influence.

    Reply
    • 2. mary christina love  |  July 14, 2009 at 7:09 am

      This is not an opinion. These are documented facts put together in an article.

      Reply
  • 3. Jeff  |  July 15, 2009 at 11:09 am

    I wonder if the first president George Bush could have ever risen to power without the help Saudi money:

    http://www.hermes-press.com/BushSaud.htm

    Mary Christina, in this country we have freedom of religion. Any religion has a right to be practiced without discrimination. I fear Muslim extremists just as much as I fear Christian fundamentalists. Both are attempting to create wider gaps in an already divided world.

    I agree that the oil companies have a stronghold on the American Economy. The only long term solution is to invest more in alternative energy and encourage urban renewal.

    Reply
    • 4. mary christina love  |  July 15, 2009 at 11:39 pm

      We have freedom of worship. Some people worship Satan. Bush Sr. did not “rise to power.” He was elected. He did have investments in Saudi Arabia. He didn’t know how it would be used against us. And just a thought in reply…I wonder if the Saudi’s would have any money if not for the Americans…..

      Reply

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