Islamic Sovereign Wealth Funds Poised With Billions to Buy U.S. Foreclosed and Distressed Property

By: Bill Wilson, Daily Jot News Service Senior Analyst

(Washington) – August 13, 2008 - A cataclysmic storm is brewing over the United States as inflated oil prices meet the colossal mortgage crisis. For American citizens high oil prices have eroded disposable income through record gasoline prices, increased food prices, skyrocketing utilities as well as housing deflation that has helped create record home foreclosures. This phenomena is a growing threat to the national security and sovereignty of the US. The hundreds of billions of dollars caught up as windfall profit for Arab Islamic oil barons is soon to be used to buy distressed and foreclosed property from the very Americans that the run up in oil has exploited.

Islamic colonization of the US will escalate as cash rich Arab sovereign wealth funds begin buying up American real estate. For example, the Financial Times reported on August 6 that the CEO of the $875 billion Abu Dhabi sovereign wealth fund sees the situation in America as a "defining moment" for investment in US real estate. The New York Post reports that another Arab sovereign wealth fund, armed with some $29 billion, has hired consultants and brokers to search out single and multi-family homes and homes that are already under foreclosure. The fund, which remains anonymous at present, is poised to launch its strategy in just weeks.

Not only is the purchase of American real estate by Islamists a threat to national security, but also the possible imposition of Islamic Sharia law on anyone who would rent or use the services of Islamic owned real estate or credit. In March, the U.S. Treasury Department scrambled to secure agreements with Islamic nations over their bid to take huge ownership positions in America's largest financial institutions. The agreements sought to allay concerns over Islamic nations using their financial muscle to impose Sharia law over U.S.-owned businesses and properties.

Throughout the Old Testament when God's people were rebellious and disobedient judgment came in the form of invasion or colonization. Over 50 million babies aborted since 1973, limits on prayer through separation of church and state, homosexual rights and marriage, pornography protected as free speech, Biblical truth held as hate speech, electing immoral leadership--are all ways that this nation has turned its back on God. America looks a lot like ancient Babylon where the Lord pronounced judgment in Jeremiah 51:14, "Surely, I will fill you with men, as with locusts; and they shall raise a battle cry against you." Islam is taking root in America, and we are about to willingly sell our inheritance.

Bill Wilson is the Senior Analyst at the Daily Jot News Service and author of the book “Warshod.” His articles are used by news services nationwide, and are enjoyed by a global readership. For more information about his book or how to order, click on the picture at right.

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