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...
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