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How Does the Islamic State Fund Itself? Here’s How

Posted by Larry Doyle on August 26, 2014 12:55 PM |

Ongoing developments in the South China Sea, the Ukraine, and Gaza all present very real dangers and risks to our global economic and political landscape. That said, I think most people might agree that the perilous situation playing out within the Islamic state in Iraq and surrounding locales is like nothing we have ever seen before.

If you do not think so, in order to gain a better appreciation for the mindset of those occupying and terrorizing this region, you may want to view the murder of journalist James Foley. God bless him and his family. I caution you that this video clip is particularly gruesome and some may not care to view it. That said, I think it is important that people know just how vicious this group known as ISIL actually is. (Thanks to our friends at No Quarter for highlighting that clip and sharing it.)

ISIL is not only vicious but they are well organized and well financed. This 5-minute Bloomberg clip addresses how the Islamic State is funding itself:

In what may be the biggest understatement ever written at this blog, the risks of this terrorist group present a very real danger to all of us on many levels.

Navigate accordingly.

Larry Doyle

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  • divvy

    This is impossible ! The all knowing all powerful brilliant Dear Leader has already dismissed ISIS as just low level JV terrorists

  • coe

    I keep hopefully waiting for some thoughtful Muslim leadership to emerge that might, just might, bring some sanity to the daily stories of atrocities committed in the name of religion. I’m not even sure the current ISIS activity is couched in the name of religion anymore. I find it curious that the point of the Bloomberg story includes the fact that the neighbors in the geographic tinderbox are suddenly growing more alarmed as the nexus of power and financial backing starts to shift toward the “extremists”. Take a look at the global demographics at play – you don’t have to have a crystal ball to see the explosive growth of Islam in those countries with high birth rates, and the corresponding death spiral of the west in those countries well below replacement rates. Oil is important, for sure, but is there a resource more important than people? Probably not. We can hoot and howl for eons about global warming, and the plight of the tufted titmouse in the face of ongoing growth in the developed countries, but if Russia, Italy, Spain, Japan and so many other countries are halving their population as each generation succeeds the next, it really is only a matter of time until the “extremists” become the political majority by gravity. Now isn’t that something worth worrying about?

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