Will Grigg?s Liberty Minute

September 3, 2010

Following the U.S. invasion of Afghanistan, Washington dispatched advisors to set up a banking system modeled after our own. Thus it shouldn?t surprise us to see that Afghanistan is in the middle of a systemic crisis quite similar to the one that is destroying the U.S. economy.

Afghan depositors are making a run on the Kabul Bank, which has been a cookie jar for cronies of Afghan President Hamid Karzai and a cut-out for various international financial rackets. Its board members include Mahmoud Karzai, the president?s brother, and Haseen Fahim, the brother of an Afghan vice-president.

President Karzai insists that the Kabul Bank is fully backed by his government, which has provided $110 million to stabilize the institution. Significantly, that money is not being used to guarantee deposits but rather to pay the salaries of 250,000 government employees.

Thanks to American intervention, Afghanistan is ruled by a corrupt central government rooted in Sharia Law and financed through fractional-reserve banking. What a splendid accomplishment.

Let us take back the liberty wherewith Christ has made us free.