Monday, January 2, 2012

The Collapse of Monetarist Society -part 3

Usury. The monetarist society is one based on usury. It is a society of usurers. That means, alas, all of us within the financial system now globally established. Recently, we were shown on TV a remote Amazon tribe previously unknown to the Brazilian government. When they saw the small ‘plane fly over them, they rushed into the jungle. They returned and fired arrows and spears at the ‘plane to drive it away. These were the last human beings on the planet, in what we name as Fitra, driving off the usurer sub-humans – us.

The foundation of modernist atheism lies not in a metaphysical construct which declares that man does not ‘need’ the idea of Divinity – it lies in the embracing of usury as no longer forbidden, but necessary. In a limited and finite world the modern men declared that increase in the exchange was not only permitted but theoretically without limits. Atheism has to precede usury.

The Divine Creator affirms His reality by the confirmation that since nothing is associated with Him, everything in existence, that is creation, is other-than-Him, thus is in-time, has form and limits. It is because of the limit nature of the universe, that an exchange system that admits of the theory that increase can function when what is at hand is limited, must be forbidden.

Now that, as I had only the week before demonstrated, the monetarist system has in effect collapsed, its theoretical foundations cannot sustain rational critique, cannot pretend that ‘business’ can continue using these instruments, institutions and protocols. However, the fundamental principle – usury – is not, apparently cannot, be confronted, let alone abolished.

It is for us to determine whether we can claw back the moral power to put an end to the monetarist (money ex nihilo) practice and re-establish a real-value exchange system in place of a fantasy numbers system.

In reporting the USA banking disaster one economist ruefully admitted, “Since the 700 billion may not be paid back under a couple of decades it must be understood that, given the interest due at the end of that time, the debt may be a non-number, since we will have no digital command over the calculation, no name for such a vast number.”

In the light of this extreme situation, on the edge of reason, mathematics, and sanity, the question has to be asked: “Why did people, and indeed do people, live without grasping the nature of the matter? Forget the kuffar – what happened to our ‘Umma, and what happened to the Arab nation, once its heart?”

Note: what freedom of action that one still can think and practice outside this usurious society ?

The Excesses of Arab Nations-

a. Saudi to buy 85 F-15 aircrafts for USD 29.4 bilions.
b. Qatar Foundation signed football jersey deal worth USD 230.0 millions with Barcelona FC.
c. Abu Dhabi Investment buy Manchester City FC at more than RM1.billion in 2008.
d. Libya foreign assets of more than USD 150 billions were frozen by western powers.

Abu Dhabi, the United Arab Emirates capital and the holder of 7 percent of the world’s oil reserves, plans to invest $500 billion in industry, tourism and culture to increase non-oil revenue to 64 percent of the economy from 41 percent from 2005 to 2007. In Dubai, debt-fueled property speculation drove up prices and spurred development until the global credit crunch in 2008 caused the market to crash.

f. According to a Congressional Budget Office (CBO) report published in October 2007, the U.S. wars in Iraq and Afghanistan could cost taxpayers a total of $2.4 trillion dollars by 2017 when counting the huge interest costs because combat is being financed with borrowed money. The CBO estimated that of the $2.4 trillion long-term price tag for the war, about $1.9 trillion of that would be spent on Iraq, or $6,300 per U.S. citizen.

The government's two reserve funds: the Fund for Future Generations and the General Reserve Fund, which totalled nearly $100 billion prior to the invasion in 1990, were the primary source of capital for the Kuwaiti Government during the war. While these funds were depleted to $40–$50 billion after the war, they currently are estimated around $208 billion. The bulk of this reserve is invested in the United States, Germany, the United Kingdom, France, Japan, and Southeast Asia. In order of importance, foreign assets are believed to be invested in stocks and bonds, fixed yield instruments (mostly short term), and real estate. Kuwait follows a generally conservative investment policy.

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