Looking to shut down the "business" of terrorism, Swiss America Trading Corp. is launching today its "Operation Divest Terror."
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The goal of the effort is to help investors identify U.S. companies whose business activities provide revenues, equipment and technology and political cover to governments that sponsor terrorism – and send them a message this is a bad business decision.
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Nearly 500 such companies are currently doing business in terror-sponsoring states, according to Conflict Securities Advisory Group, a research firm based in Washington, D.C.
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A statement from Swiss America says, "Much like the South Africa divestment campaign of the 1980s, this anti-terror offensive is based on two facts: 1) companies rely heavily on the investment dollars of U.S. citizens; and 2) if we withhold those investments, companies will be forced to stop funding our enemies."
"Stopping such practices could send a powerful message to companies that we do not support their decision to partner with Iran, Syria and other governments that sponsor terrorism," Swiss America CEO Craig Smith said. "If we convince them to pull up stakes in these terror-supporting nations, it can make a significant contribution toward winning the war on terror."
Swiss America, together with intel support from Conflict Securities, will provide investors with a free investment "Exposure Report," listing the percentage of companies held by that individual investor which are known to be doing business in terrorist-sponsoring states.
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"As of today, not one retail brokerage service in this country makes available to clients data on corporate ties to terrorist-sponsoring states. That must change," said Frank Gaffney, founder of DivestTerror.org. "People have a right to decide if they want to fund companies that fund our enemies – it's their money after all."
As part of the effort, interested investors can get a free DVD with more information about alternative "terror-free" investments.
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Regarding additional actions individual citizens can take, Loretta Napoleoni, author of "Terror Incorporated" says, "Concentrate our efforts to hunt terror money in our countries, even if that implies putting under investigation the strongholds of Western capitalism: Wall Street, the City of London and the thousand offshore centers linked to them."
For more information visit Swiss America's website.