Muslim Terrorists May Be Trying To Sink the Dollar

Arutz Sheva ^ | 06.17.2008 | Tzvi Ben Gedalyahu

[Coffee200am]

(IsraelNN.com) Mujahideen Muslim terrorists may be behind the sinking American dollar as part of a campaign to cripple the American economy, the Middle East Media Research Institute (MEMRI) reported. The media watch group, which specializes in tracking Arabic language websites, said that postings on websites the past two years reflect a move toward waging an economic war against the United States. Financial, rather than military, losses that will prompt the U.S. to change its policies in the Middle East and elsewhere.

Mujahideen terrorist groups that operate in Afghanistan, Pakistan and other countries "have come to the conclusion that it is financial, rather than military, losses that will prompt the U.S. to change its policies in the Middle East and elsewhere," according to MEMRI.

An article recently posted in Sada Al-Jihad (Echo of Jihad) magazine and posted on several Muslim websites, discusses the September 11, 2001 attacks on the U.S. as having influenced the decline in the dollar. It also cited the cost of the war in Iraq and Afghanistan as draining the American economy.

Another recent posting stated, "The dollar can expect two additional blows that will break its back... [namely] the announcement of the return of the [religious rule of the] Caliphate..." and the reinstatement of the gold standard in international monetary trade. It urged Mujahideen "to get rid of American dollars" before an "imminent" terrorist attack that "will put an end to the so-called United States of America and destroy its economy completely."

MEMRI concluded, "Given that it is highly atypical for Al-Qaeda to give prior warning of its attacks, the message is probably an attempt to pressure Muslims to sell dollars, in order to generate pessimism in the dollar market and thus accelerate the drop in its value."

[Coffee200am]

I have no doubt...

[MrLee]

The US won’t know “what hit us” until it’s too late.

[FFranco]

That proves it’s not the fault of President Bush.

[mountainlion]

Sounds like they are calling congress muslem terrorists.

[Enchante]

I don't doubt how many want this outcome, but the kinds of websites that have jihad nuts posting don't have anything to do with actual financials (unless the jihadists pull off some mega-attacks). The people to really be concerned about are those who control or influence oil production, investments of their petrodollars, etc. Saudi and other OPEC type officials are the ones who can really hurt us, not the loons who post that......

"The dollar can expect two additional blows that will break its back... [namely] the announcement of the return of the [religious rule of the] Caliphate....."

[BARLF]

Well.....?

If the shoe fits.

[RegulatorCountry]

Bernanke doesn’t seem Muslim at all.

[Old North State]

The last guy to take on a national currency and win was George Soros. He ‘broke’ the British Pound in the early 90s by taking huge short positions in the futures markets. Driving down the dollar is tantamount to driving up the price of oil, either way it hurts the US economy and therefore helps the Islamists and Soros.

[elpadre]

They have always known the only to beat the US and West is to to destroy the economy. That was the idea of 9/11 targeting our financial heart.

IMO they have found ways to effectively manipulate parts of the economy now, seeking more. Having Islam friendly faces throughout Wall Street and WDC certainly helps their cause.

[donna]

The World Trade Center was just the opening volley for the economic war which Obama is going to facilitate.

[SJackson]

If you'd like to be on this middle east/political ping list, please FR mail me.

High Volume. Articles on Israel can also be found by clicking on the Topic or Keyword Israel. or WOT [War on Terror]

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[dennisw]

These guys are idiots.

The real threat is from Iran and Russia who built the Iranian oil bourse and who (I’m convinced) are going massively long on various energy futures -— Pushing up futures prices for oil etc

[Salem]

"The real threat is from Iran and Russia who built the Iranian oil bourse...."

Yep. Author David J. Jonsson has followed that for a while now. I have his commentary posted on my site.

How much you wanna bet the bourse gets nailed when the Israelis and/or Americans go through there.

Too bad. Kish Island is a beautiful place.

[ex-Texan]

Al Qaeda is playing games with OPEC, Iran, Syria, Russia, Cuba, Venezuela and China. Goal: To wreck the U.S. economy. The problem is the entire world economic structure will fall apart. Nobody will want to buy goods made in China anymore. The cost is too high to ship them.

I say people ought to boycott the Olympics. Beijing is one of the most polluted places on planet earth. Who would want to sit there in a hot, humid stadium breathing polluted air? It will be a Commy Propaganda show anyway.

[M. Espinola]

"The real threat is from Iran and Russia who built the Iranian oil bourse and who (I’m convinced) are going massively long on various energy futures -— Pushing up futures prices for oil etc"

Absolutely!

Saddam played the same oil market game, gaining when oil rose in price and on the downside. When one is in the driver's seat as a key OPEC player, simply issue threats concerning global energy supplies, results in excessively bullish prices with anti-Western tyrants raking in billions via prepositioned call & put options & futures, and those manipulated energy profit billions are in turn used to fund terrorism against US in Iraq, against Israel, against Lebanon, against Afghanistan, to train jihadist killers Pakistan and far beyond.

Market fear translates into exiting out of U.S. based stocks into commodities & far higher yielding overseas bonds, which is pounding even further a sinking U$D.

[dennisw]

futures up energy stocks getting slaughtered

Russians and Persians would have to be idiots to not be buying futures. Russians in it more than Persians

[metesky]

I don’t doubt this for a minute, but I don’t think that they’re alone in it. Screwing with monetary systems is how Soros makes his money.

[M. Espinola]

Putin's oil traders, as well as Tehran and the rest of OPEC have never made so much, so quickly, playing lots of long bullish contract moves, coupled with quick $3 to $7 (3K-7K) puts or normal almost weekly profit taking. Billions are rolling into our worst enemies and we are paying for at the local gas station.

NYMEX oil is $145.50, while Brent is $145.92.

Heating is is currently $4.11 a gallon, NYMEX Unleaded is almost $3.58 a gallon at the spot level.

After state, federal and sometimes city taxes, along with the oil industry's profit, soon regular will be no less than $4.25 and well over $5 in some locations, heading for $6. That's if current price trending continues -- not factoring in the hurricane season, Iran, Nigeria, or other energy shortage 'problems'.

By mid-winter we could be looking a double the current price levels.

[dennisw]

Putin's oil traders, as well as Tehran and the rest of OPEC have never made so much, so quickly, playing lots of long bullish contract moves, coupled with quick $3 to $7 (3K-7K) puts or normal almost weekly profit taking. Billions are rolling into our worst enemies and we are paying for at the local gas station.

Nothing is preventing the USA and Israel from massively shorting suspect futures markets. How about the plunge protection team doing it?

I advocate doing it for 2-4 weeks  and then bombing the nukes in Iran

[dennisw]

Putin's oil traders, as well as Tehran and the rest of OPEC have never made so much, so quickly, playing lots of long bullish contract moves, coupled with quick $3 to $7 (3K-7K) puts or normal almost weekly profit taking. Billions are rolling into our worst enemies and we are paying for at the local gas station.

Can you pick a market and give me an estimate of how much these foreigners are participating. 30%???

And who is most to blame. I would think Russia

[M. Espinola]

"Can you pick a market and give me an estimate of how much these foreigners are participating. 30%??? And who is most to blame. I would think Russia"

The problem is the Russians, Iranians, OPEC oil barons use dummy companies,offshore & overseas commodity firms to do their trading. It's tough to gauge, but the Russkies are heavy hitters in the energy trade, very heavy hitters.

This deleterious situation in & bordering Georgia is all about Putin controlling energy he still considers an entire region which 'belongs' to his neo-Soviet energy empire.

Putin's stooge, Dmitry Medvedev, was Gazprom's board chairman prior to becoming Putin's hand picked front man.

http://www.telegraph.co.uk/news/worldnews/europe/russia/2242599/Russia-launches-Caspian-Sea-gas-grab.html Russia launches Caspian Sea gas grab

[The_Media_never_lie]

The World Trade Center was just the opening volley for the economic war which Obama is going to facilitate.

Osama could not bring us down, but Obama might.

[dennisw]

http://www.telegraph.co.uk/news/worldnews/europe/russia/2242599/Russia-launches-Caspian-Sea-gas-grab.html

Great link....Thanks