Showing posts with label International Monetary Fund. Show all posts
Showing posts with label International Monetary Fund. Show all posts

Monday, November 10, 2008

Melanie Phillips: Beware This Saudi Deal to Help Bail Out Britain. It Comes with a Devastating IOU

MAIL Online: With all eyes fixed upon the political excitements in the U.S, few have paid much attention to a trip made by the Prime Minister several thousand miles in the opposite
direction.

A week ago Gordon Brown, accompanied by his new best friend the Business Secretary Lord Mandelson, went cap in hand to Saudi Arabia and the Gulf states to ask them to help bail out the stricken economies of the West by pumping billions into the
International Monetary Fund.

It is more than a little strange that the British Prime Minister should have apparently taken it upon himself to speak on behalf of the IMF. But the real concern is that asking for help from Saudi Arabia is not like tapping your friendly neighbourhood bank manager for a bigger overdraft.

No, this loan comes with a devastating IOU — nothing less than a big slice of control over Britain and the West by a regime at the heart of the attempt to bring about the Islamisation of the free world.

Granted, this country is facing a truly grave financial crisis. But does this mean we should remortgage the future of the West to those whose most radical elements are
actively engaged in seeing it destroyed?

Alarming

I have long been concerned by Britain’s
failure to acknowledge the true nature of the threat from global Islamism. This latest move is yet more alarming evidence of that process.

Saudi Arabia is at the root of the Islamic onslaught against the West. It is Saudi’s Wahhabi form of Islam which, along with its Shi’ite counterpart in Iran, aims to restore the dominance of Islam in the world and destroy rule by ‘unbelievers’.

It is Saudi money which has fuelled the enormous spread of Wahhabi mosques, preachers and educational institutions in this country, delivering the message of holy
war and radicalising countless thousands of British Muslims.

And it is this Saudi ideology which was the inspiration for Al Qaeda.

True, Al Qaeda turned upon Saudi itself on account of its ties with the U.S. As a result, Saudi regards Al Qaeda as its mortal enemy, and as such co-operates with Britain and the U.S in combating it.

But sometimes, to rephrase the old adage, our enemy’s enemy is not actually our friend, but our enemy as well.

Saudi Wahhabism seeks to conquer the West through a pincer movement comprising violence on the one hand and cultural infiltration and takeover on the other.

At the very least, Saudi Arabia speaks with the most lethal of forked tongues, and we should actively be seeking to diminish its influence over our affairs.

But instead our Prime Minister is effectively offering it yet more opportunity to control us. >>> Melanie Phillips | Novemer 9, 2008

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Tuesday, November 04, 2008

Melanie Phillips: Selling Us All to Saudi Arabia

THE SPECTATOR: The Islamisation of the west is proceeding according to plan, as the Times reports:
Gordon Brown claimed success yesterday in his attempt to persuade Saudi Arabia to help stricken economies by pumping more money into the International Monetary Fund... Lord Mandelson, who was also at the dinner at the Royal Palace, said Mr Brown wanted to ensure that the Saudi King was ‘on the same page’ over the causes of the financial problems and the solutions. ‘We are seeking “buy-in” from Saudi Arabia and other Gulf states to the necessary response that we all need to make to the turmoil of the international financial system. If we don’t get that money we will fail,’ Lord Mandelson said...

Lord Mandelson said that the Saudis and other Gulf states would now expect a bigger role in global institutions in return for their investment.
You bet they will. Gordon Brown and Peter Mandelson are delivering Britain and the west into dhimmitude.*

* Definition of ‘dhimmi’ from the Dhimmi Watch site:
Dhimmis, ‘protected people,’ are free to practice their religion in a Sharia regime, but are made subject to a number of humiliating regulations designed to enforce the Qur’an’s command that they ‘feel themselves subdued’ (Sura 9:29). This denial of equality of rights and dignity remains part of the Sharia, and, as such, is part of the law that global jihadists are laboring to impose everywhere, ultimately on the entire human race.

The dhimmi attitude of chastened subservience has entered into Western academic study of Islam, and from there into journalism, textbooks, and the popular discourse. One must not point out the depredations of jihad and dhimmitude; to do so would offend the multiculturalist ethos that prevails everywhere today.
[Source: The Spectator] Melanie Philips | November 3, 2008

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Sunday, November 02, 2008

Brown Seeks IMF Cash from Saudis

Photobucket
Gordon Brown at King Saud University, Saudi Arabia, accompanied by Saudi officials. Photo courtesy of Reuters

REUTERS: RIYADH (Reuters) - British Prime Minister Gordon Brown said on Sunday he expected Saudi Arabia to pump money into the International Monetary Fund, part of moves to ensure the lender can bail out economies hit by a global financial crisis.

The worst financial crisis in 80 years, which started when a U.S. housing market boom turned sour, has raised fears of recession which one bank official said would spread across the globe hurting even fast-growing economies in Asia and South America.

China was the latest country to fear it might be hit by the downturn, saying it must maintain a fast pace of growth or risk heightening "factors damaging social stability."

Governments have cut interest rates, propped up banks and stepped up state spending to try to spur their economies, but some countries have been forced to turn to the International Monetary Fund (IMF) and other global lenders for help.

Brown urged countries with large financial resources, such as oil-producing Gulf states, to contribute to a new IMF facility and said he expected Saudi Arabia to contribute -- after some time.

"The Saudis, I think, will contribute so we can have a bigger fund worldwide," Brown told reporters in the Saudi capital, Riyadh, on a tour of the Gulf to also seek investment and help on oil prices.

"The oil producing countries, who have generated over $1 trillion from higher oil prices in recent years, are in a position to contribute."

He next heads to the gas and oil-producing Gulf Arab state of Qatar. Earlier in Kuwait, the finance minister said the government would base any decision to support international markets on potential returns and investment opportunities. >>> By Matt Falloon | November 2, 2008

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