The Prophet and the collapse of paper money - JERUSALEM IN THE QUR’AN

The Prophet and the collapse of paper money

It is also a matter of absolutely critical importance that Muslims should carefully study the prophecy of the Prophet (‘alaihi al-Salam) in which he has prophesied the collapse of artificial secular currency (i.e., paper, plastic, and electronic money, etc.):

“Abu Bakr ibn Abi Maryam (ra) reported that he heard the Messenger of Allah say: A time is certainly coming over mankind in which there will be nothing (left) which will be of use (or benefit) save a dinar and a dirham (gold and silver coins).” 

(Musnad, Ahmad)

That prophecy of Prophet Muhammad (sallalahu ‘alaihi wa sallam) is about to be fulfilled. Today’s monetary system uses ‘paper’ to make ‘money’. That is a manifest fraud! Artificial money is quite different from real money. Real money has intrinsic value, while paper money has none. Its only value is that conferred upon it by market forces. Its market value will last only for as long as, and to the extent that, there is public confidence in it and demand for it in the market. Demand is itself based on confidence, and confidence is something that can be manipulated (as Malaysia’s Prime Minister has now recognized, and as Indonesia has recognized too late). So long as governments controlled the so-called free-currency markets, they could intervene to protect public confidence. But the currency market is now controlled by the most vicious of all speculative forces, forces fueled by compelling greed with no loyalties. Anything that seriously disturbs market confidence will cause the speculative stampede that will fulfill the prophecy of the Prophet (sallalahu ‘alaihi wa sallam).

The collapse of money in what may best be described as a ‘money meltdown’, will witness the final success of the European (who became Jews) in their more than a thousand years of struggle for Jewish rule over the whole world. Those who have real money will survive the meltdown, while those speculators who successfully exploit the collapse will make the greatest profits ever. The masses will lose their wealth and be enslaved. They will be caught with worthless paper parading as money. That is the financial holocaust that is certain to occur.

Others as well, beside our blessed Prophet (sallalahu ‘alaihi wa sallam), are now predicting that financial meltdown. Judy Shelton, for example, uses it as the very title of her excellent book entitled: “Money Meltdown: Restoring Order to the Global Currency System.” (New York, The Free Press, 1994). We should not forget, nor allow the world to forget, the dramatic, ominous, and unprecedented collapse of the US dollar in January 1980 when the value of the dollar relative to gold fell to approximately $850 for one ounce! (In 1971 it was $35 an ounce. Its present ‘managed’ value is kept within the range of  $280 - $380 per once.) This collapse of the dollar took place in the immediate wake of the successful anti-Western Islamic revolution in Iran that gave control of the vast oil resources of Iran to an anti-systemic Islamic government.  A similar collapse occurred in 1973 just after the Arab-Israeli war and the imposition of an Arab oil embargo on USA. The US dollar fell in value by a massive 400% from US$40 for an ounce of gold to US$160.

In fact the collapse of the International Monetary System would occur when the Jews consider it opportune to bring down the US dollar. They can do that at any time since the US dollar made of paper is manifestly fraudulent since it is essentially worthless. When the US dollar collapses it will bring down all other paper currencies in the world. The major beneficiary of that collapse will be the State of Israel, since it is those who control banks who would now control money. Governments will no longer be able to issue money. Rather it is banks (controlled by Jews) that would now issue plastic (i.e., electronic) money! 

That money-meltdown will, perhaps, take place when Israel launches its major war against the Arabs and then successfully defies the entire world. That successful display of military and political power together with the new financial control that comes with the collapse of paper-money would deliver to Israel the status of being the Ruling State in the world. This writer believes that that event is likely to take place within the next five to ten years or even earlier. Already Israel has successfully defied the President of USA who demanded on several occasions that Israel withdraw her military forces from Palestinian towns she occupied after a wave of Palestinian ‘human bombs’ took a heavy toll of Jewish lives. 

Source: Jerusalem in the Qur'an by Imran N. Hosein

to be continued....

What is Riba?

What is Riba?

Riba is usury. Usury is now commonly understood as the lending of money at illegally high rates of interest. But this deliberate corruption of terminology took place in Europe in order to permit the ‘money lender’ (now called banker) to bypass the Christian church and its objection to all forms of usury. R. W. Tawney wrote a classic book in 1935 entitled “Religion and the Rise of Capitalism” in which he described the prolonged Euro-Christian opposition to Riba. William Shakespeare also did the same in his classic play, “The Merchant of Venice”.

Riba in Islam (as in medieval Christianity) is the lending of money on interest, regardless of the rate of interest. When a ‘money lender’ lends money on interest, then money by itself, independent of any labor or effort or the assumption of any risk by the investor, increases over time. The increase is realized by deception through the exploitation of labor, goods and property. This becomes clear when attention is directed to that which Allah has unambiguously declared in the Qur’an: 

“ . . . man is entitled to nothing except that for which he labored.”

(Qur’an, al-Najm, 53:39)

Thus the Qur’an rejects the claim that money can increase over time!

One of the ways through which that exploitation takes place is the consequent decrease in the value of wages, of goods and of property over time, something that Allah has specifically prohibited in several verses of the Qur’an. The Prophet Shu’aib constantly warned his people of the wickedness of their economic life:  

“…. do not deprive people of what is rightfully theirs by diminishing the value of their things (such as their labor, merchandise, property etc).”

(Qur’an, al-’Araf, 7:85; Hud, 11:85; al-Shu’ara‘, 26:183; etc.)  

Perhaps the secularized champions of organized labor, who dismiss the Qur’an as a book of guidance, would now begin to understand the reason why the labor force is daily being transformed into jackasses who sweat on behalf of the rich, and the banks which they own.

Muslims must also understand that Riba is at work when wealth is sucked from the masses through legalized fraud involved in the use of artificial paper money. This money replaced the money that was the Sunnah of every Prophet of Allah Most High i.e., gold and silver and other precious metals. Artificial paper, plastic and electronic money (i.e., secular money) has no intrinsic value. Rather the value of the money is assigned to it and then it constantly loses value over time, as the system was designed to make it happen. Banks are the major actors at work in forcing a decrease in the value of money, and banks make the most profit when such occurs. As money loses value, the value of everything is decreased. Prices rise, and wages lose value. Labor is then imprisoned in slave wages.

Source: Jerusalem in the Qur'an by Imran N. Hosein

to be continued....

THE HOLY LAND AND ISRAEL’S RIBA–BASED ECONOMY - JERUSALEM IN THE QUR’AN

JERUSALEM IN THE QUR’AN

By Imran N. Hosein

PART TWO

Chapter 2

THE HOLY LAND AND ISRAEL’S

RIBA–BASED ECONOMY

“In consequence of the wickedness and injustice of the Jews We made unlawful for them certain (foods), good and wholesome, which had been lawful for them. (We have also done so because) they obstructed so many from Allah’s way, and (because) they took usury (Riba) though they were forbidden to do so, and (in doing so) they wrongfully took the wealth of others. (Because of these evil deeds) We have prepared for those among them who reject Faith a terrible punishment.” 

(Qur’an, al-Nisa, 4:160-1)

 

Introduction

Israel is a modern secular State located in the Holy Land. Like all other secular states in the world today its economic system is based on Riba. Riba is usually translated as usury, i.e., the lending of money on interest regardless of the rate of interest. But the definition of Riba in Islam also includes transactions that are based on deception and which give to the deceiver a profit or gain to which he is not justly entitled. In American vocabulary such a transaction is described as a ‘rip-off’! 

If judgment were to be made according to the religion of Abraham (‘alaihi al-Salam), then we ask the following: What would be the religious legitimacy of an Israel which is located in the Holy Land and whose economy is based on Riba? Does it conform with or violate the divine conditions established for inheritance of the Holy Land?

 

Source: Jerusalem in the Qur'an by Imran N. Hosein

to be continued....

The Difference Between The Two Whisperings - Mankind and Satan

The Difference Between The Two Whisperings

To know who is whispering to you, see if the one whispering only wishes that you fall into sin, regardless of what it is; if so then it is the devil, but if there is insistence on a certain sin you got used to, then it is from your self.

Satan always sneaks through the doors where there is weakness in abidance by the doctrine; if he finds man unyielding to temptation in a certain aspect, he finds his way through another aspect where man shows weakness. Hence, if man for instance adheres fast to praying, performing them at their due prescribed times, Satan creeps into him from the door of money, whispering to him not to pay the Zakah (Obligatory Charity), to be tightfisted, and to eat up other people’s money unjustly, deluding him into thinking that by such a way he would be rich, his money would grow, and he would be safely away from poverty. But the truth is otherwise, as the Messenger of Allah (may Allah bless him and grant him peace) said:

“Never would wealth decrease because of charity”,

because it is charity which makes money grow, and place the Blessings of Allah in it so that it increases. Wealth belongs to Allah, and we all leave it behind us upon departing from this worldly life, but the unbeliever is unaware of such a truth.

Hence, when Satan finds a man, who strictly guards the performance of prayers but loves money, he approaches him from this side, by stopping him from giving in charity, and all sorts of benevolent acts. Then, he starts to allure him with ill-gotten money, so sins starts to weave their threads around his heart little by little, till it smothers his heart wholly, preventing him from remembering Allah.

Little things that man can give thanks for is better than plenty that man can not tolerate, for the devil may exploit the love of money within the heart of one of the servants of Allah to shun him away from obedience and the Law of Allah, thus he may abstain from paying Zakah (Obligatory Charity) driving him into sinning, and ingratitude. Allah, all praise and glory is to Him, says (which means):

“And among them are those who made a covenant with Allah, [saying], ‘If He should give us from His bounty, we will surely spend in charity, and we will surely be among the righteous.’ But when he gave them from His bounty, they were stingy with it and turned away while they refused. So He penalized them with hypocrisy in their hearts until the Day they will meet Him – because they failed Allah in what they promised Him and because they [habitually] used to lie.” (At-Tawbah, 9: 75-77)

There are many examples for satanic ways, for he searches for the weak points in man in order to penetrate to him through them. His endeavors never abate, till he entraps man in his snares and drives him out of the Doctrine of Allah.

Source: (Book) Mankind and Satan