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ISIS Now Hiring Bankers: In Bid For Legitimacy, Rogue State Opens Bank
After seeking doctors, lawyers, and engineers, The Islamic State - expanding on its desire to launch a gold-backed currency - is reported to have opened its first bank in the Iraqi city of Mosul and delivered a budget for its 'territory'. All this is being done, according to Al Jazeera, in an effort to move beyond its image of a terrorist organisation and consolidate its aim of becoming a legitimate state (perhaps stop beheading western media?)
"A strategy to make concrete decisions and actions to create a nation state is in place," notes one professor, pointing out the 'legitimacy' of the Taliban government in Afghanistan as an example of ISIS' roadmap.
But as one Mosul trader explains, "compared to past rulers, ISIS is a lot easier to deal with. Just don’t piss them off and they leave you alone."
“Isis is dependent on its ability to seize territory and resources to continue funding its existing areas,” Sajad Jiyad, an independent researcher in Iraq says. “Its expansion is sometimes operated through affiliates who use the Isis brand but are in effect local mercenaries. It is as if Isis is financing itself partly through a pyramid scheme, and this has begun to falter.”
Basic services function poorly, but fear prevents anyone from speaking out. “Electricity, fuel, medicine, water are in low supply but people are surviving,” he says.
But as Al Jazeera reports, ISIS is seeking increased legitimacy as its own nation state...
Can you imagine opening the financial pages of your local news website and reading about the latest financial news from the Islamic State of Iraq and the Levant? Well, if ISIL is to be believed, that is exactly what the group envisages happening.
Reports that the group has opened its first bank in the Iraqi city of Mosul and delivered a budget for the territory that it controls are difficult to confirm, but a Mosul religious leader speaking to Al-Araby Al Jadeed website says that is exactly what they have done. And it shouldn't surprise you.
ISIL is desperate to move beyond its image of a terrorist organisation and consolidate its aim of becoming a legitimate state. The budget is reportedly around $2bn with a $250m surplus. It includes salaries for its fighters and the kinds of civil services it provides in territories in Iraq and Syria: things like construction, waste management and education.
It seems that the group's thinking is to act like a nation state to become a nation state.
For Mahjoob Zweiri, a professor of Middle Eastern History at Qatar University, history may provide a reason for ISIL's budget.
"Look at Afghanistan and the Taliban government there. They made similar moves, issuing budgets which helped legitimise them. Of course, Afghanistan was a recognised state with borders. ISIL doesn't have those borders and the state is split between Iraq and Syria," he said.
"However we can say that with this and other actions, including the propaganda videos that they release, a strategy to make concrete decisions and actions to create a nation state is in place."
The message, according to Professor Zweiri, seems to be clear: "I think ISIL is developing a message to sympathisers outside of Iraq and Syria. That it can provide jobs and lives for people wishing to move to the terroritories it controls and that's always been an ISIL aim, to get Muslims to move to the Islamic State. What must be questioned is whether they have the knowledge and ability to deliver what they have promised."
If they have set up a bank that will require banking experts and we know from former recruits that ISIL fighters have come from backgrounds that could provide that kind of knowledge.
But, as The FT reports, on the streets of Mosul, the picture is mixed...
At first glance, Iraq’s second city of Mosul looks like a model of success for its new rulers from the Islamic State of Iraq and the Levant (Isis), the world’s most feared jihadi group. Well-swept thoroughfares bustle with cars, the electricity hums and the cafés are crowded.
But in the back alleys, litter fills the streets. The lights stay on, but only because locals rigged up generators themselves. And under the blare of café televisions, old men grumble about life under Isis’s self-proclaimed caliphate.
...
Isis supporters have tolerated everything from public stonings and beheadings to daily air strikes by the US-led coalition. But without an economy that gives people a chance to make a living, many say Isis has little more to offer than the authorities they replaced.
“Compared to past rulers, Isis is a lot easier to deal with. Just don’t piss them off and they leave you alone,” says Mohammed, a trader from Mosul. “If they could only maintain services — then people would support them until the last second.”
On that critical measure, locals say, Isis is losing its lustre: to traverse the ostensibly unified “caliphate,” a traveller needs three different currencies; aid groups provide medicine to much of the area; and salaries are often actually paid by Iraq and Syria — governments with which Isis is at war.
Perhaps, despite their best efforts to legitimize themselves, the following sums up reality best...
"In the Syrian cities of Raqqa and Deir Ezzor they may be functioning something like a state, but there’s nowhere in Iraq where they’re operating anything like a state,” says Kirk Sowell, president of Uticensis Risk Services. “They’re operating like something between a mafia, an insurgency and a terror group. Maybe they thought six months ago they were going to function as a state. But they don’t have the personnel or manpower.”
* * *
Doesn't sound so different from many other more developed nations... As ISIS follows the path of the most developed nations and implements price controls...
Isis has tried to shape itself as a just ruler by setting prices on everything from bread to caesarean sections, which go for about $84. But locals routinely ignore the caps, Bassem says, because such prices are impossible to maintain given the skyrocketing costs of fuel and transportation. “Isis doesn’t study the market, it doesn’t calculate costs . . . these price caps are just comical.”
As a conservative Salafi Muslim, he was sympathetic to Isis’s ideology when they first took over, but was quickly disillusioned as economic conditions worsened. “I may be a Salafi, but I’m not an idiot,” he jokes.
Bassem’s hospital works round the price caps by charging patients for everything from the electricity to drugs. “When they [Isis] are not there, we charge a higher price,” he says. “Locals understand. The prices are not always what Isis says, because they can’t be.”
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A pyramid scheme just like the USSA. So what? Ponzi systems everywhere. Even the 0.01% A-rabs know an opportunity when they see one.
Open an account, get a free toaster.
Isn't America a rogue state according to amnesty international or somebody?
https://www.youtube.com/watch?v=VI6tBwVjyOY
See? Gold is terrorism.
"financing itself partly through a pyramid scheme" you mean, like the Fed?
We’ll they are likely off on the right banking foot.
As Islamic fundamentalist terrorists they do have a zero interest rate policy like our terrorist bankers, don’t they?
How do you hire banksters who should immediately have their heads cut off???
Gee, I guess I-CIA-SIS has proven they're no different than the system they portend to fight against.
Hypocrisy much, ISIS bitchez????
Well...I guess when you're funded, trained, supported, and armed by Al-CIA-duh, you do what you're told, don't ya, bitchez???? LOL
Goat fucking, fags...
Oh...and will they be charging or paying interest?? LOL
Oh...and I can't wait to see their banks blown the fuck up! Will their ATM's be 5 miles underground??? We do still have many good guys over here who won't let this shit go on forever...
...or, the candidates come with nail guns or knives...
Toaster?
The Chinese are offering free Mercedes. These guy want to get any moolah in the vault, they need to offer something a lot bigger than a toaster. I mean, it is the Middle East and all. Toasters probably can't compete with a nearby rock.
How about deposit one million dinars and get your choice of a slightly-used M-1 Abrams or the His and Hers Hummer set*
* No warranty expressed or implied on any of these items. Some assembly and possible repair may be required. Dealer retains all manufacturer incentives and discounts.
That was good!
Wow, I'll bet the penalty for bounced checks is pretty high.
Nope...they're using the excess Spider Man towels that Spain couldn't give away ;-)
This means some bankers are finally going to get the torturous executions they deserve
https://www.youtube.com/watch?v=VI6tBwVjyOY
And the name of this bank will be BISIS
Hopefully, they will need a chief economist and Paul Krugman applies. If the job does not work out he is beheaded.
Send all resumes to:
ISIS
c/o See Eye Aye
Langley, VA
Finally the world will find out which economic theory is correct and survives.
When they all get porn on their phones in the next couple years they won't be any different than anybody else.
https://www.youtube.com/watch?v=VI6tBwVjyOY
There is a man who knows how to skim the kaffir and is no stranger to a beard. This man is named Ben-Muhammed al Bernanke and is not currently employed.
John McCain and Lindsey Graham opened an joint checking account, General Dynamics opted for a Christmas Club account and deposited 3 billion. Any Jewish clients get a free GE toaster oven if they walk in the door.
I heard Hank Paulson (ex-Goldman Sachs & US Treasury) already applied for the job.
it's tough isn't it. Where are they gonna find bankers willing to break the law.......
Job is still open. Word is Paulson looked bad in a Burka...
Can we send over Mr. Yellen then? I figure a burka will cover every part of that creature that I don't want to see.
you decide;
https://uproxx.files.wordpress.com/2014/10/star-wars-7-rumor-emperor-ret...
WTF Vladimir can't even get a headline these days. Hey, did anyone besides me see the new "Date an Arab Woman" Ad with the ass like Kim Kardashian? Fuck...that was hot.
The Head of State present at Christmas divine service in a rural church in honor Protection of the Holy Mother of the God, located near Voronezh,after the service, Vladimir Putin congratulated the parishioners on Christmas. The President also inspected the premises of church-parish house of the church and thanked Archpriest Gennady for the restoration of the shelter.
The temple is located in the village of Otradnoe Voronezh region, included in the list of cultural heritage. The church received its name in honor of the feast Protection of the Holy Mother of the God.
photos here http://www.kremlin.ru/news/47457
Merry Christmas to all you Julian calendar types. May the new year bring you, and us as well, peace, prosperity, and goodwill towards all mankind.
"Holy Mother of god"
Or as she was formerly known, Diana of the Ephesians.
Putin usually attends Christmas midnight mass and the service usually runs three hours.
Stop beheading media?! No, hell no! Come to the US where our media has already empty craniums and take their heads! This would establish your bonafides after which we have some politicians for you to take a look at.
isis is a hoot ! The israelis are haveing a great time with this, Jews playing ultra true muslim believers, and getting away with it.
They must be having isis parties in some circles to celebrate.
https://www.youtube.com/watch?v=X_B4iljTugo&list=PL0CE0B83589DFA567&inde...
"As a conservative Salafi Muslim, he was sympathetic to Isis’s ideology when they first took over, but was quickly disillusioned as economic conditions worsened. “I may be a Salafi, but I’m not an idiot,” he jokes."
So what put you off exactly, the heads on sticks, the genocide of your Christian neighbors who have lived next to you all your life or them just finally getting around to you and "your economic condition"?
Fucking retard, what did you expect?
They expect they will once again miraculously escape the worst of their own culture.
Yes, no doubt about it, this is the most moderate muslim caliphate by far...lol.
the squid will handle their ipo. lol
Probably the only chance of ever seeing a bankster beheaded for real.
If they start beheading banksters, I lay odds that three quarters of the Hedgers sign up for the ISIS training camps.
Isis bank. Wont look out of place on Wall St.
“Locals understand. The prices are not always what Isis says, because they can’t be.”
“Locals understand. The prices are not always what Maduro says, because they can’t be.”
“Locals understand. The prices are not always what Obama says, because they can’t be.”
“Locals understand."
Thanks! "We comparisoned some folks..." :>D
Let me guess...the bank will be run by former Goldman or JP Morgan alumni from Harvard and Yale?
So their banks starts out with tanks in the street and ours ends with tanks in the street. I need friggin tank and a bank
Tanks a lot.
(sorry, could not resist)
ISIS should read Adam Smith, Rothbard and Bastiat, maybe it would work better for them.
God said let the free market operate and you will be wealthy !
Amen.
well they got their heads on striaght wrt/ the shiny stuff
Budget? What is that?
Signed,
Obomber
It is Russia's secret plan to kill you. You need to bomb them too.
Written and managed by the same team that gave you "The Interview"!
It begs the question... What does Senator "songbird" McCain know about this particular part of this arrangement?
http://tomfernandez28.com/2015/01/06/mccain-other-top-officials-accused-...
Are they offering the isis gold piece on e-bay yet?
Kinda makes you wonder if you could pick them up at well below market by weight. It would be the only patriotic thing to do - buy their gold cheap to take it off the market.
Bankers? What the hell?
I been studying Munshir For Dummies like a madman for the past week and now they want freakin BANKERS?
Gotta be a Rothschild-owned bank, otherwise we'd be bombing ISIS, not supplying them.
financing itself partly through a pyramid scheme...
That's what every fucking 'state' in this world is (ISIS).
It's the nature of a state.
That's why the world truly would be ultimately better off without any. Certainly not anything large, powerful, and CENTRALIZED beyong functionary duties.
I believe we're learning, living the lesson of why mankind always implodes, why civilizations collapse.
Maybe I'm just crazy but I genuinely believe that we face, and soon, times worse than I'll express.
Gee this reminds me of the Libyan "rebels" opening a central bank before they even won. I'm thinking that central bank "leased" out any Libyan gold they got their hand on.
But wait-didn't ISIS get created by the CIA,Mossad and the Saudi AramCo crowd? So of course they have a banking component. And is ISIL the holding company of ISIS? Or the other way around I forget. ISIS= nat gas pipeline subcontractor
I wonder what their credit card interest rate will be?
/
"ISIS Now Hiring Bankers"
Now offering hazardous duty pay to GS/JPM/Citi bankers.
They should consult with Kruggers on the merits of central banking.
Derivative bets on beheadings will be the straw that broke the financial camels back.
Defalts on loans would probably be something you could lose your head over as well.
The banksters fit right in with the boys in Iraq,come on,give'm a chance.
Goldman. Am I the first?
Damn.
If they're using the Islamic Banking system as outlined in the Koran they will have more legitimacy than the modern day kike run banking system which is outlined in neither the old testament nor the new.
LOL!! At least if bankers don't play by the rule there, we will have a chance to see them been decapitated on youtube. : ) )
If they stay true to their own koranic line of shit...non interest charging.....than that is saying something......not that I give a shit if they live or die.....however if they do....that would further enhance their "street" credibility/recruitment agenda with misguided true believers.....that is not a good development....... as true believers are their most potent and dangerous weapon ...as all nation states have in their possession.
Yes, Normalcy is here ... YOU CAN NOW BE A DEBT SLAVE UNDER ISIS !
yes they are legit because they have the fucking bank !
only good can come from having a bank... they are the syphilitic festering sore on the ARSE OF HUMANITY
that is step one .... next is step two and get a FED FIAT FUCKER BANK to take them over !!!
LOL.
LOOOOOOL.
Go ahead, try to open a bank without Rothschild saying so.
This shit would be funny, except there is so much at stake. Nah, it's funny.
I'm going to stop referring to "TPTB" and start eferring to them as TMTB, the Morons that Be.
How will "hiring bankers" help in establishing legitimacy for ISIS?
Might be better to behead some bankers.
It's the Libyan script again. LOL
One would think that Langley and Glilot Junction would get a script "touch-up" before each trumped up civil war.
The banksters need to repay us.
Please, the people who write these scripts only have so many ideas, you know? That's why every superhero movie has been made, remade, sequel-ized, and re-sequel-ized. In this particular script, they just crossed out "Batman" and "Joker" and pencilled in "ISIS - no, make that ISIL" and "USA".
al qaida had the same social platform, it doesnt matter how hard you try to legitimize your government (see Gaza) the american zionists will not recognize you, and will assassinate the new leadership. they prefer terrorism for obvious reasons, its very profitable and a means of controlling their constituents.
ISIS wants their own banking now? Well, you know who's behind them. JEWS!!!!! How the FUCK can everyone be so god damned stupid and believe these fucking fairytale bullshit stories like we want to bomb ISIS but they are a threat? Now BANKING.... enough said... And yes, Jews did 911 too. Dancing israelis who were arrested then let go by jew justice ny, as the jew media covers it up. ANother thing that blows my fucking mind is how many fucking puts were bought in the airlines. It was a story that was talked about..... until the "enforcers" found out it was the jews then they shut their fucking mouth.
In addition to needing bankers, ISIS needs a new executioner after one of their top executioners was found beheaded himself.
With a cigarette stuffed in his mouth.
Haaaaaa Ha!
http://www.dailymail.co.uk/news/article-2898603/Islamic-State-police-off...
Hope the used a dull spoon to do it.
Grimaldus
He was one of the real nasty ones, in a lot of beheading videos. Lost his head to stardom...
Were the ones that reported on this also the same ones that were able to locate Osama Bin Laden in his cave for an interview when the whole global military complex couldn't find him?
Whoever correctly names the first Goldman Suchs employee that will publicly announce they have jumped ship and joined the ISIS Global Banking Cartel will win the following:
1. A private screening of their investment portfolio allocations (no $ Amts need to be disclosed)
2. Recommendations to risk manage your holdings against the results of #1
3. How to whore out your cash position short-time so it will love you long time (Hint: It doesn't involve taking Hong Kong whore house recommendations from WilliamBanzai7)
4. A copy of our exclusive limited edition investment guide titled: Insiders Guide to the Global Investment Strategies of ISIS with Special Guest Foreward written by Israeli Abu Bakr al-Baghdadi
5. A visit from the Secret Police in the country of your residence (This is totally beyond my control since they monitor this site around the clock. And even contribute at times.)
Americans: If your President, Supreme Court or Congress haven't stolen the rest of your rights see the instructional video below and record all interactions for your safety and post for our amusement
https://www.youtube.com/watch?v=hhN7s8cEvD0
Will they take my Iraqi Dinars? I've got about a hundred million of them, give or take. Yee haw! I knew they would pan out eventually...
Isis seeks a bank in... "an effort to move beyond its image of a terrorist organisation and consolidate its aim of becoming a legitimate state (perhaps stop beheading western media?)"
Despite the atrocities ISIS has perpetrated on the Christians, Yazidis and Kurds, the moment ISIS stops sawing the heads off journalists, ISIS will be the darling of Western Journalists. Self loathing, entitled, new class asses journalists are.
Which reminds me... What is the difference between a car driven by a central banker and a porcupine? ...On a porcupine the prick is on the outside.
Can't wait to see what their own currency looks like - Put a fricken burka on one side and call it who ever you frickin like, and "glorious leader" machine-gunning tied up civilians, or even Jihadi joe on the other.
National frickin heros'...
Perhaps they should hire Gilbert Jr. for the Head of the Islamist?? First Terrorist Bank. He is unemployed, willing to murder his parent for money,Princeton grad, should fit right in.
Do they take Bitcoin?
Maybe the Eff Bee Eye can front them the ones they took from Pirate Roberts?
Are they looking for bankers or are they head hunting them?
Really... why?
Why should western media be exempt?
And frankly I am not convinced that at least several of them weren't agents for western intelligence agencies.
Particularly when those western govts went so apeshit over the beheadings...
Like they would give a damn if they were regular/genuine free-lance journalists...
(... and - it's not like they haven't used "Journalist/agents" before now have they... sarc)
Maybe it is because beheadings is SO much less "civilised" than drone-strikes.
Or... well, where do you stop... ?
ISIS is hiring bankers and in so doing is sealing it's own doom.
More or less, just like the rest of us.
If they open a Nashville branch and throw in an RPG at signing, well then it will be Mike bin Honcho.