Twenty years ago, a run on the Thai currency triggered a financial crisis that quickly devastated the economy of the entire region, sinking the currencies of Thailand, Indonesia, and South Korea and ultimately spreading as far as Russia and Brazil. Far from ‘lessons being learned’, history looks worryingly set to repeat itself. On July 22,…
What is the purpose of money? Where does it come from? Inequality generates trade and specialisation creates the need for money . A good money is widely marketable and must function as a genuine store of value, thus paper money should be consigned to the board game Monopoly. Inequality Leads To Trade In a state…
India commemorates the end of British rule 70 years ago on 15 August. Now might be an apt moment to consider where India might be heading, especially given recent developments. If one policy stands out over the past 12 months, it would have to be demonetisation. Removing all 500- and 1000-rupee notes from circulation overnight…
Electronic money, a cashless society, is perhaps the ultimate and most direct means of the New World Order (NWO), also called One World Order (OWO), to control us all via its financial system. A system that the NWO would like to maintain as the world’s financial system, albeit, it has already been reduced to the western…
By Sheikh Imran Hosein
The topic is an “Islamic view of the modern international monetary system and our anticipation of the replacement, in toto, of bogus paper-money with even-more-bogus electronic, digital, virtual money in the not-too-distant future. We should prepare for that monetary Guantanamo by stocking-up on gold and silver coins, and we should also prepare ourselves to defy…
