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Your Money Is Not Good Anymore!

The weakening US dollar is not a phenomenon restricted to its borders as its effects are being felt the world over. The fiat currency has insured that America will not suffer in isolation but rather ensure that its grip on power is firmly held in place. Allah (swt) has commanded that the Khilafah adopt the bimetallic standard. Only through the complete implementation of Islam will mankind be removed from the injustice and oppression of man-made systems. The sharp decline of the US dollar has been felt across the globe. Traders, unsure of the value of paper assets, are bidding up the price of commodities. The Associated Press recently reported that,”Huge price hikes have been caused by a weaker U.S. dollar and financial turmoil that saw investors stash money in commodities such as oil, which hit another record high Monday [April 28, 2008] of $119.93 per barrel.” With a recession looming and inflation on the rise, the US has exported its financial crisis beyond its borders to other count

Food Crisis - The Failure of Capitalist Economics and Global Institutions

The spate of food riots seen across the developing world in recent months lays bare the fragility of globalisation and is an indictment on the World Bank and IMF and their dogmatic free market liberalisation agenda. Several near term factors have combined to propel the price of grains including increasing food demand in industrialising China and Indian, droughts in Australia and Central Europe and perhaps more insidiously greedy market speculation as traders shift into food commodities and away from beleaguered equities due to the effects of the credit crunch in the West. The increasing use of ever greater amounts of vital land to grow bio-fuels to power apparently more environmentally friendly cars in the West has also contributed to tightening supplies. World Bank and the IMF chiefs have been quick to absolve responsibility citing many of the above issues as the causes for the food crises. The doubling in grain prices has made vital staple foods inaccessible for the billions living i

The Bully Gasps As He Drowns

In the Name of Allah, The most Beneficent, The most Merciful Changing World Scenarios – Their Effects & The Blame Game Mr. Bush, the Indians and Chinese are not just eating-up the corn and the meat of the earth; they are sipping-up precious potable water; inhaling precious oxygen and guzzling the oil of the earth too. In fitness of things, you must ban the export of your nuclear submarines and bombers to them. Alternatively, you could kill half of them or even bomb half of their industry so that development is stalled! They should be taught to live frugally! Mr. President, how far do you agree with me? Your development, progress and prosperity for the past more than a century was good for the world, but the recent prosperity of India and China have caused all the troubles of the earth. The two culprits are responsible for your diving Dollar, the sub-prime collapse, the crash of your stock markets, the run in your credit-card market, the cave in of your banks and businesses –