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…
Many years ago, before the invention of modern money or capitalism, people still had wealth – although limited. And they still had ways of keeping track of it. The principle of “fair trade” seems to be in our DNA. If you give something to your neighbor, you don’t expect him to hit you over the…
Government campaigns of intimidation — like the wars on drugs, terror, and poverty — have been used to extort the public for decades. Despite the previous failures of institutional “wars,” a new war on cash is being waged that threatens freedom in a more subversive way than ever before. Banks and governments around the world…
This week 45 years ago, August 15th 1971 to be exact, President Nixon suddenly declared the end of the Gold Standard. He ushered in the modern monetary system based on fiat paper and digital currency that works so poorly for us today and led to the global financial crisis. The dramatic announcement by ‘Tricky Dicky’…
Islam has declared war on the moneylender who demands interest. It did so in the very last divine revelation (al-Baqarah, 2:279) to come down in the Holy Qur’an. Here is that last revelation: “O ye who believe! Fear Allah, and give up what remains of your demand for usury (i.e., the interest due on a…
A wave of new demand for gold could come from an unexpected source: a long-anticipated clarification of Sharia law that would permit the world’s 1.6 billion Muslims to invest in gold. Sharia law, which guides the personal and financial lives of many of the world’s Muslims, has its origin in the Koran. Over the centuries,…
