Why is a financier who practices Shari’a law, CIA op, invited to speak at a ‘Prophesy Conference?’ Maybe he’s going to direct all the sheeple to put money in his hedge fund because he can ‘discern’ the turns of the market and he ‘knows’ that the whole thing is going to collapse soon? Maybe. Or maybe the infiltration of Mammon worship has gone beyond Wall St. & Mega Churches.
“Jim Rickards” otherwise known as James G. Rickards was invited to speak at Calvary Chapel Costa Mesa’s Prophesy Conference this past September.
I reported last year on Chuck Smith’s appearance with and endorsement of Rick Warren at last year’s Harvest Crusade.
Since then the demise of Calvary Chapels everywhere is all but obvious and yet still shrouded in secrecy. Now, a CIA, intergovernmental agent, is making his rounds at a “Prophesy” conference. (Rickards is a self-admitted Catholic) I do not know if this man is a Saved, Born Again, Regenerate Christian. Realistically, if one takes a look at any Calvary Chapel Conference being a Christian is not a requirement to be a speaker (another good reason to test the spirits that come into your church body). As you will read below, Mr. Rickard’s bio on his Omnis site is much more telling than the one that Calvary Chapel Costa Mesa disclosed.
James G. Rickards, Senior Managing Director for Market Intelligence
James G. Rickards is Senior Managing Director for Market Intelligence at Omnis, Inc. and co-head of the firm’s practice in Threat Finance & Market Intelligence. He is also a member of the Board of Directors. Mr. Rickards is a seasoned counselor, investment banker and risk manager with over thirty years experience in capital markets including portfolio management, risk management, product structure, corporate finance, regulation and operations.
Mr. Rickards’s career prior to Omnis spans an over 30-year period during which he was a first hand participant in the formation and growth of globalized capital markets and complex derivative trading strategies. He has held senior executive positions at “sell side” firms (Citibank and RBS Greenwich Capital Markets) and “buy side” firms (Long-Term Capital Management and Caxton Associates) as well as technology firms (OptiMark). Mr. Rickards has been a direct participant in many of the most significant financial events over the past 30 years including the 1981 release of US hostages in Iran, the 1987 Stock Market Crash, the 1990 collapse of Drexel, and the LTCM financial crisis of 1998 in which Mr. Rickards was the principal negotiator of the government-sponsored rescue. He has been involved in the formation and successful launch of several hedge funds and fund-of-funds. His advisory clients have included private investment funds, investment banks and government directorates. Since 2001, Mr. Rickards has applied his financial expertise to a variety of tasks for the benefit of the US national security community and the Department of Defense.
Mr. Rickards is licensed to practice law in New York and New Jersey and various Federal Courts and has held all major financial industry licenses including Series 3, Series 7, Series 24, Series 30 and Series 63. He has been a frequent speaker at conferences sponsored by bar associations and industry groups in the fields of derivatives and hedge funds and is active in the International Bar Association. He has been the interviewed in The Wall Street Journal, The Washington Times, Politico and on CNBC’s Squawk Box, as well as Fox, CNN, NPR and C-SPAN and is an OpEd contributor to the New York Times and the Washington Post.
Mr. Rickards is a graduate school visiting lecturer in finance at Northwestern University and the School of Advanced International Studies. He has recently delivered papers on econophysics at the Applied Physics Laboratory and the Los Alamos National Laboratory. Mr. Rickards has published numerous articles in the fields of cognitive diversity, network science and risk management. He is a member of the Advisory Board of Shariah Capital, Inc., a firm specializing in Islamic finance and is also a member of the International Business Practices Advisory Panel to the CFIUS (Committee on Foreign Investment in the United States) Support Group of the Director of National Intelligence.
Mr. Rickards holds an LL.M. (Taxation) from the New York University School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from the School of Advanced International Studies, Washington DC; and a B.A. degree with honors from the School of Arts & Sciences of The Johns Hopkins University. (Source: Omnis Inc.)
Another bio fact:
I was formerly General Counsel of Long-Term Capital Management, the hedge fund at the center of the 1998 financial crisis, where I was principal negotiator of the Wall Street rescue plan sponsored by the Federal Reserve Bank of New York. (per his testimony Before the Subcommittee on Investigations and Oversight Committee on Science and Technology U.S. House of Representatives September 10, 2009)
Maranatha 5 Prophecy Conference
Perplexity of Nations – DVD/MP3: “There shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity …” ~ Luke 21:25.
Today we observe …
• Global financial debt, thrusting securities to collapse
• Iran threatens Israel’s existence with destruction
• Worldwide cataclysmic upheavals
• Pandemic epidemics
• Corrupted governmental ratifications and rulings
As children of God, what are we to do in light of such “perplexity”?
Pastor Chuck, James Rickards, Don Stewart and Doug Hamp survey the key events of the end times and share how today’s headlines strikingly foreshadow biblical prophecies. Your mind will be informed and your heart will be moved to be ready for the Lord’s soon return.
BONUS: Calvary Chapel senior pastors address eschatological issues and questions for Pastor Chuck and Don Stewart to respond and answer.
Chuck Smith is the senior pastor at Calvary Chapel of Costa Mesa, California, and has been a Bible teacher for more than sixty years. His Bible studies can be heard worldwide on the radio program, The Word For Today.
Jim Rickards is senior managing director for market intelligence at Omnis, Inc. He has been a direct participant in significant financial events over the past 30 years including the 1981 release of hostages from Iran and was also the principal negotiator for the government-sponsored bailout of LTCM. His clients include private investment funds, investment banks and government directorates in national security and defense.[end]
If you visit Sharia Inc. online you will not see James G. Rickards name on the site. I know. I looked. I do apply research to my items! Since he’s a ‘Board Member’ I assumed his name wouldn’t be on the site. Take one name, Dr. Shaykh Yusuf Talal Delorenzo the Chief Shariah Officer of Sharia Inc. (who as of October 4th moved to Dubai) and James G. Rickards and do a search and then you will find this; An archived Wall Street Journal Online article entitled:
Dr. Yusuf Talal DeLorenzo pictured with Ahmed Bin Sulayem, Executive Chariman, DMCC
One recent afternoon, New York money manager James Rickards presented Sheik Yusuf Talal DeLorenzo with a dilemma: Could his hedge fund be Islamic friendly? Islam prohibits all kinds of speculative behavior that is embedded in Wall Street’s DNA. But Mr. DeLorenzo, a Massachusetts-born convert to Islam, is on a mission to meld centuries-old Islamic law with modern finance in the U.S. Mr. Rickards’s fund couldn’t bet on currency futures or some of the shares in the Standard & Poor’s 500 index, Mr. DeLorenzo said, if he wants observant Muslims to invest. But some alterations could earn the sheik’s approval — such as holding currencies instead of futures, and buying only S&P 500 companies that aren’t debt-heavy or dependent on profit from interest payments. “Music to my ears,” Mr. Rickards said. “It sounds like I can still get the effect I’m looking for.”
more from the article:
Mr. DeLorenzo and other well-known scholars began by breaking down the entire process of the traditional short sale “in excruciating detail,” recalls Mr. Meyer. Some of the scholars’ questions stumped even seasoned short-selling pros. One example: If an investor borrows shares in a company, and that company goes bankrupt, who has voting rights?
Questions like that were “just exasperating,” Mr. Meyer says. “You’re thinking, ‘It’s bankrupt, what does it matter?’ But in Islamic finance, you always need to know ownership and control” to make sure the risk is shared among the parties. After months of meetings in London and New York, Mr. DeLorenzo and his fellow scholars adapted the arboon contract — akin to a down payment that enables the short-seller to take ownership of the share, rather than just borrowing it.
To address avoiding companies with too much debt or other issues under Islamic law, Shariah Capital developed new screening software. It taps directly into the quarterly reports that companies file electronically to the Securities and Exchange Commission and weeds out businesses that carry high amounts of debt or reap significant income from interest payments.
Mr. DeLorenzo now holds the title of chief Shariah officer for the company, and can tap into the software and monitor what’s being traded at any time. Two U.S. hedge fund firms have signed up to use the trading platform so far, and Mr. Rickards, the New York hedge-fund manager, is considering joining them.
Mr. DeLorenzo says he hopes adapting Islam to modern finance could eventually influence other areas of Islamic law. Shariah has “essentially been in a coma for several centuries,” he contends. “It desperately needs reviving.” He says he wants to expand his own small group of colleagues, but encounters cultural obstacles. He recalls a meeting earlier this year in Dubai where a scholar lectured a group of visiting executives from a multinational investment firm about the sinfulness of conventional finance. “It was worse than bad,” Mr. DeLorenzo says. . [end of source]
Clearly Shari’a banking is part of Islamic Religion. Islam boasts that it is a full system, Religious, Political, Monetary, and Community all rolled in one. Would the bible believing Christians who trust in their ‘shepherd’ bode well to know that James Rickards has compromised himself enough to promote, produce, and perpetuate Shari’a Law & Islamic Banking in the United States? Would those bible believing Christians not warrant pause of concern, or even hesitation at taking this man’s advise on a looming “Economic Armageddon” if they knew that the same person dishing out futures advise on the market might possibly be the one who’s creating it in the first place? Is it above our pay grade as average, stupid, American, Christians to question motives of speakers at our conferences or better yet the level of compromise from the very ‘shepherd’ held in regard to protect said flock?
One could assume James G. Rickards knows that the USD will be devalued and Gold will hit $5,000.00 because he’s really smart, knows the right people, and has the right connections. But this article is addressing this question, “What is a financier, CIA op, Shari’a Investment Banker, doing at Calvary Chapel Costa Mesa at a “Prophesy” conference?
It’s a nagging question. We could also ask ourselves a more compelling question at this point in the Apostasy,
2 Thessalonians 2:1-8
1 Now, brethren, concerning the coming of our Lord Jesus Christ and our gathering together to Him, we ask you, 2 not to be soon shaken in mind or troubled, either by spirit or by word or by letter, as if from us, as though the day of Christ had come. 3 Let no one deceive you by any means; for that Day will not come unless the falling away comes first, and the man of sin is revealed, the son of perdition, 4 who opposes and exalts himself above all that is called God or that is worshiped, so that he sits as God in the temple of God, showing himself that he is God.
5 Do you not remember that when I was still with you I told you these things? 6 And now you know what is restraining, that he may be revealed in his own time. 7 For the mystery of lawlessness is already at work; only He who now restrains will do so until He is taken out of the way. 8 And then the lawless one will be revealed, whom the Lord will consume with the breath of His mouth and destroy with the brightness of His coming.
19Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:
20But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
21For where your treasure is, there will your heart be also.
22The light of the body is the eye: if therefore thine eye be single, thy whole body shall be full of light.
23But if thine eye be evil, thy whole body shall be full of darkness. If therefore the light that is in thee be darkness, how great is that darkness!
24No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.
25Therefore I say unto you, Take no thought for your life, what ye shall eat, or what ye shall drink; nor yet for your body, what ye shall put on. Is not the life more than meat, and the body than raiment?
1 Timothy 6:10
For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs.
5Make sure that your character is free from the love of money,being content with what you have; for He Himself has said, “I WILL NEVER DESERT YOU, NOR WILL I EVER FORSAKE YOU,”
6so that we confidently say,
“THE LORD IS MY HELPER, I WILL NOT BE AFRAID.
WHAT WILL MAN DO TO ME?”
*Editors note* I did attempt to contact Chuck Smith via Word for Today site. I submitted questions to him asking if he was aware that Rickards was involved in Shari’a Finance. I have not received a reply(submitted 1 week ago). I also contacted Rickards via Twitter and have replies from him stating he does not know Smith personally but was asked by his “assistant” to come speak, and that he’s a “Catholic” and in his “spare time conducts counter-terrorism.”
James G. Rickards: Team Tangent Capital
Sharia Capital Inc.
Please also read: Are you on the List? Churches who are joined to UN Interfaith World Council of Churches
See also: I will not Follow
For more on Calvary Chapel and their Leaven see the ‘CC’ page in my header on Homepage!
*Update* Although this piece of information has little to do with Chuck Smith hosting a Banker who also conducts Sharia Compliant Businesses it does continue on the same vein. Chuck Missler who has had an extensive Calvary Chapel career also has a business called, SwanSat. Swan Sat is a “satellite” system which happens to promote the use of a single currency it created called the Auric for Africa. Interestingly SwanSat wants its potential investors to know that it is a Sharia compliant business and thus is open to the Islamic Banking community. See for yourself Here: SwanSat site. (as always use of a link is not an endorsement) Seems Calvary Chapel and it’s “affiliates” have diverse backgrounds.