Archive for the 'finance' Category



Gold could go up to $666,666 / oz

I’m sure the tiny number of people who come to this blog are the kind of people that would go to other websites where headlines like the above can be seen. I wonder if they are also the kind of people who get annoyed at such stupid headlines.

Gold could go up to $1,000,000 dollars and ounce,

or

it could go to $0.01 an ounce.

Do these sensationalist headlines serve any purpose? They almost always appear on what’s termed ‘gold-bug’ sites, in a “I was right” kind of way. But they aren’t right… at least no yet, and of course they could be wrong. These silly headlines and articles encourage speculation (bad) as well as income protection (good).

So buy gold not because you want to ‘sell’ it later for worthless dollars if the price in worthless dollars increases, but buy it because you don’t want your savings to become worthless, meaning you have to be prepared to trade in gold and other commodities such as silver or even foodstuffs with long shelf-lives (dates, wheat, barley, rice, sugar…)

Advertisements

The greatest economic collapse of ALL time

Thanks to Matthias at FutureFastForward:
http://futurefastforward.com/feature-articles/4140

Following the collapse there will have to be a proposed solution. For soverign debt there is the special drawing rights (SDR’s – which apparently the Bank of International Settlements is involved with) but as part of soverign wealth management, I’m predicting it will involve/require domestic wealth having to move to an electroic form of currency. The people doing this are already clearly pro-Zion and when it happens, Zion will rule the world and declare Jerusalem as its capitol.

It’s damn close, I’m sure.

P.S. Mark Pitman has since passed away…. Hummm… a case of SADS?

Update (6 September 2010 Last updated at 18:15 GMT):

meltup

Thanks to Matthais Chang at FutureFastForward

Meltup 55m
http://www.youtube.com/watch?v=eb1n1X0Oqdw

I don’t have much time right now, but I’d like to give initial thoughts on meltup (which I’ll add to later).

The first is there is a mistake or dishonesty in the section talking about gold. Here’s two screenshots at around about the 25 minute mark.

If you watch the documentary you probably spotted the flaw, and it’s a flaw that the AGW’ers sank into (again accidentally or deliberately – I’m not sure, but in the AGW case, I think the latter) with atmospheric CO2 and global temperatures.

This documentary is trying to sell you the idea that “precious metals do better when the FED begins to raise artificially low-interest rates”. They use arrows they choose to ‘show’ this over the time. Hopefully you can see this is a highly questionably claim indeed. in 1980, the gold price went from about $850 to about $400 over almost a two year period but interest rates went up and up and up from about 10.5 to a peak of about 15.5% That is in total opposition to what they are saying yet it covers the narrow time span that they decided to look over.

It’s actually much easier to ‘see’ it in the video than it is to try and describe by tapping it on the computer.

Notice that the next gold chart from 2002 onwards they DON’T show the interest rate when GOLD has spiked to $1240 devaluing tokens while interest rates were near zero. Doubtless, they would say this is because the interest rate during that period is being kept artificially low. Sounds plausible isn’t it? This is a good demonstration of how easy it is to switch off your brain when listening to “econspeak” ALL interest rates are artificial. LOL. And like most american perspectives, america is the only focus here. The influences of the rest of the world are not given any time on these charts.

One more thing. The documentary talks about silver having greater % price swings than gold. Well yeah, one very important factor is because solver is cheaper than gold, so the speculators can muck about with it more easily. Saying the bailouts may have been in part to artificially suppress precious metal prices. Crumbs. again that’s a very difficult and precarious call to make, and like most “econspeak” you can easily find a way around the “logic”. By allowing the gold price to increase, the bailouts could have been made using those very things just discussed – gold and silver so that the dollar printing presses wouldn’t have to be made to operate at furious speeds. That sounds reasonable too right? – but of course it’s probably just as as guilty of ‘econspeak’ as they offered! 

So whats going on?

The thing is the virtually ALL the talking heads that manage to make it into the corporate news (or more frequently in the news strata below that or further below in the independent news) are people who operate within the world of fraudulent economics. Let me qualify that, they believe in the capitalistic economic system we have as long as the effects of that economics are not too extreme. That is, as long as the debt doesn’t get too high, or the interest rate isn’t too high or the inflation rate isn’t too high etc etc etc then the system is OK and the cumulative ills of the system can be lived with.

One example is Max Keiser. Mas is great at bringing to peoples attention much of the $financial fraudsters running and ruining our lives, but he advocates interest rates as a means to bring the system back into line. Others state the economy should have been allowed to enter a recession a few times over the last decade to (again) bring the economy ‘back on track’.

Instead of a furious calamitous up/down extremes collapse they are advocating a long drawn out continually degrading health of the economy.

The problem is that we do not use a proper monetary system. Using physical exchanges of gold and silver are the greatest remedy of this but the problem is that we have become SO entrenched in this economic scam and previously the ill effects were slow (and so liveable) that it seems we cannot imagine what it is to exist outside it.

When people don’t understand something, to fill the imagination black-hole they are quite willing to put almost any image in its place. Any grasp of a concept is better than no grasp at all (so people think – or should I say, so I think people think!).

Most have lost touch with what a system of economics is actually for, which is simply to facilitate a fair trade for the benefit of two traders. This fundamental of economics is for mutual benefit and devoid of greed because it is balanced. Many humans are greedy yes, but (as I am trying to point out) [I believe] this is because they are intertwined in a rotten system that gives apparent benefit to those who are greedy i.e. the system encourages greed.

In a simple system, greed can be effectively stamped out as each trader – you and me – would be strongly engaged in the economic (trade) system. and not essentially detached from it as we are today {in essence our status approaches that of a “commodities” and we are expendable}. As such, from the properties of communities and social circles work, a taboo against issues detrimental to the community persist, discouraging it from the offset. And if it does become an issue, the community can spot it and stop it.

Just like the “good” economists are have almost exclusively plays with the Terry Gilliam like contraption with copious cogs, whirring wind meters, pedals, steam valves, vibrations, grubby screens, unmarked levers and buttons, when one starts talking about a cleaner system of economics e.g. one that involves physical exchange of gold and silver people start pulling obscurities from that fraudulent system asking “who would you do xyz then”

*groan*

They scuttle back to what they know – the very thing that’s killing them.

And when a solution comes their way to the ‘problem’ they enquired about, they scoff at it if it doesn’t fit within the fraudulent system we have and instantly dismiss any of the restraints that the solution may include.

As I’ve been saying for a while, people need a FUNDAMENTAL BREAK from most of the systems we in the oxymoronic ‘developed’ and ‘developing’ world have today.

But people simply cannot.

Oh dear, I shoudn’t have written ‘wo what’s going on’.

 

PROHIBITION OF INTEREST: DOES IT MAKE SENSE? By M. Umer Chapra

 

PROHIBITION OF INTEREST: DOES IT MAKE SENSE?
By M. Umer Chapra

Taken from the JUST Newsletter/Commentary bulletin.
http://just-international.org/index.php/component/option,com_rokdownloads/Itemid,130/id,18/view,file/

It is not Islam alone which has prohibited interest. Other major religions like Judaism, Christianity and Hinduism have also done the same. The Bible disapproves of interest severely and makes no distinction between usury and interest.1 Those who took interest were
branded as wicked2 and could not, according to the Third Lateran Council (1179), be admitted to communion or receive Christian burial.3 The Qur’an also prohibits interest strictly and declares those who take interest to be at war with
God and His Prophet (2:279). This raises the question of why there is such a harsh verdict against interest in all these religions. Is there any sound rationale behind it?

Those who are against the prohibition assume that interest was prohibited mainly because of the injustice it inflicted on the poor, who were charged an exorbitant rate of interest for loans borrowed by them to satisfy some urgent need. This, they argue, led to exploitation
and further impoverishment of the poor. They, therefore, conclude that the prohibition of interest is no longer valid because banks in modern times do not resort to such exploitation.

The assumption on which this conclusion is based does not, however, reflect the historical realities. During the Prophet’s days, peace and blessings of God be on him, borrowing was not undertaken by the poor. This is because by the end of the Prophet’s life, when the prohibition of interest became strictly enforced, the needs of the poor were taken care of either by the rich or the bayt al-mal (the Public Treasury). Therefore, the poor did not have to borrow to fulfil their needs.

This leads to the question of who borrowed and why? Borrowing was resorted to primarily by tribes and rich traders who operated as large informal partnership companies to conduct largescale trade. This was necessitated by the prevailing circumstances. The difficult
terrain, the harsh climate, and the slow means of communication made the task of trade caravans difficult and timeconsuming. It was not possible for them to undertake several business trips to the East and the West during a given year. Only a few trips could be undertaken.
Hence, it was necessary for the caravans to muster a large volume of financial resources to purchase all the exportable products of their society, sell them abroad, and use the proceeds to bring back the entire import needs of their society.

Before Islam such resources were mobilized on the basis of interest. This was not acceptable to Islam because it led to injustice. If there was a loss, it was the entrepreneur or the trader who had to bear the entire loss in spite of all the trouble he took. The financier, who did nothing more than providing finance, got a predetermined positive rate of return. Islam, therefore, tried to remove the injustice resulting from this. It abolished the interest-based nature of the financierentrepreneur relationship and reorganized it on the basis of profit-and-loss-sharing. This enabled the financier to have a just share and the entrepreneur did not get crushed under adverse conditions, one of which could be the caravan being waylaid on the way.

This shows that, although the extension of meaningful help to the poor carries a high priority in the Islamic value system, it was not the primary reason for the prohibition of interest. The primary reason was the realization of overall socio-economic justice, which is declared by the Qur’an to be the main mission of all God’s messengers (57:25).

Justice, however, needs to be understood in a much wider context. Confining it merely to trade may not be able to take us far enough. Justice demands that the resources provided by God to mankind as a trust must be utilized in such a manner

that the universally-cherished humanitarian goals of general need fulfillment, full employment, equitable distribution of income and wealth, and economic stability are optimally realized. It is the contention of this paper that these humanitarian goals can be realized
more effectively if there is also a humanitarian strategy. An important, though not the only, element of such a strategy is the abolition of interest. The following discussion tries to show briefly how the interest-based financial system frustrates the optional realization of these
goals and how its reorganization in a way that increases the reliance on equity and reduces that on debt can help in their more effective realization.4

1. NEED FULFILLMENT
Financial intermediation on the basis of interest tends to allocate financial resources among borrowers primarily on the basis of their having acceptable collateral to guarantee the repayment of principal and sufficient cash flow to service the debt. End-use of financial resources does not constitute the main criterion. Even though collateral and cash flow are both indispensable for ensuring repayment of loans, giving them undue weight leads to a relative disregard of the purpose for which borrowing takes place. Hence, financial resources go mainly to the rich, who have the collateral as well as the cash flow, and to governments who, it is assumed, will not go bankrupt. However, the rich borrow not only for productive investment but also for conspicuous consumption and speculation, while the governments borrow not only for development and public well-being, but also for chauvinistic defence buildup and white elephant projects. This does not only accentuate macroeconomic and external imbalances, but also squeezes the resources available for need fulfillment and development. This explains why even the richest countries in the world like the United States have been unable to fulfil the essential needs of all their people in spite of their desire to do so and the abundant resources at their disposal.

2. FULL EMPLOYMENT
The living beyond means which the interest-based financial intermediation has the tendency to promote through the easy availability of credit, has led to a decline in savings in almost all countries around the world. Gross domestic saving as a percent of GDP has registered a
worldwide decline over the last quarter century form 26.2 percent in 1971 to 22.3 percent in 1998. The decline in industrial countries has been from 23.6 percent to 21.6 percent. That in developing countries, which need higher savings to accelerate development without a significant rise in inflation and debtservicing burden, has been even steeper from 34.2 percent to 26.0 percent over the same period.5 There are a number of reasons for this. One of these is the rise in consumption by both the public and the private sectors. This saving shortfall has been responsible for persistently high levels of real interest rates. This has led to lower rates of rise in investment, which have joined hands with structural rigidities and some other socio-economic factors to reduce the rates of growth in output and employment.

Unemployment has hence become one of the most intractable problems of most countries, including those in the rich industrial world. Unemployment stood at 9.2 percent in the European Union in 1999, more than three times its level of 2.9 percent in 1971-736 It may not be expected to fall significantly below this level in the near future because the real rate of growth in these countries has been consistently lower than what is necessary to reduce unemployment significantly. Even more worrying is the higher than average rate of youth unemployment because it hurts their pride, dampens their faith in the future, increases their hostility towards society, and damages their personal capacities and potential contribution.7

A decline in speculation and wasteful spending along with a rise in saving and productive investment could be very helpful. But this may not be possible when the value system encourages both the public and the private sectors to live beyond their means and the  nterestbased financial intermediation makes this possible by making credit easily available without due regard to its end use. If, however, banks are required to share in the risks and rewards of financing and credit is made available primarily for real goods and services, which the Islamic system tries to ensure, the banks will be more careful in lending and credit expansion will be in step with the growth of the economy. Unproductive and speculative spending may consequently decline and more resources may become available for productive investment and development. This may lead to higher growth, a rise in employment opportunities, and a gradual decline in unemployment.

3. EQUITABLE DISTRIBUTION
The inequitable allocation of financial resources in the conventional interestbased financial system is now widely recognized. According to Arne Bigsten, “the distribution of capital is even more unequal than that of land” and “the banking system tends to reinforce the unequal distribution of capital.”8 The reason is, as already indicated, interestbased financial intermediation tends to rely heavily on collateral and to give inadequate consideration to the strength of the project or the ultimate use of financing. Hence, while deposits come from a cross-section of the society, their benefit goes largely to the rich. As Mishan has rightly pointed out: “Given that differences in wealth are substantial, it would be irrational for the lender to be willing to lend much to the impecunious as to the richer members of  ociety, or to lend the same amounts on the same terms to each”.9 The Morgan Guarantee Trust Company, one of the largest banks in the U.S., has admitted that the banking system has failed to “finance either maturing smaller companies or venture capitalists,” and “though awash with funds, is not encouraged to deliver competitively priced funding to any but the largest, most cash-rich companies.”10

In contrast with this, risk-reward sharing could be more conducive to the realization of equity. It would tend to compel the financier to give due consideration to the strength of the project, thus making it possible for competent entrepreneurs from even the poor and the middle-classes to be at least considered for financing if they have worthwhile projects, adequate managerial ability, and a reputation for honesty and integrity. This may enable society to harness the pool of entrepreneurial ability from even the poor and middle classes.
The rich contribution that such entrepreneurs can make to output, employment and need fulfillment could thus be tapped.

There is no reason to be unduly apprehensive about loan losses from such financing. The experience of the International Fund for agricultural Development (IFAD) is that credit provided to the most enterprising of the poor is quickly repaid by them from their higher earnings.11 Other small-loan programmes have yielded similar results in several countries. Nevertheless, it may be desirable to arrange insurance of small loans to provide protection to financiers against fraud and mismanagement.

4. ECONOMIC STABILITY
Economic activity has fluctuated throughout history for a number of reasons, some of which, like the natural phenomena, are difficult to remove. However, economic instability seems to have become exacerbated over the last three decades as a result of turbulence in the financial markets. One of the important reasons for this, according to Milton Friedman, a Nobel laureate, is the erratic behaviour of interest rates.12 The high degree of interest rate volatility injects great uncertainty into the investment market and makes it difficult for
entrepreneurs to take long-term investment decisions with confidence. This drives borrowers and lenders alike into the shorter end of the financial market. The result is a steep rise in highly leveraged short-term debt, which plays an important role in destabilizing financial
markets.

One may wish to pause here to ask why a rise in short-term debt should accentuate instability. This is because short-term debt is easily reversible as far as the lenders are concerned. Its repayment is, however, difficult for the borrowers if the amount is locked up in medium- and long-term investments with a long gestation period. While there is nothing basically wrong in a reasonable amount of short-term debt, which Islam allows on the basis of its sales-based modes of financing for real goods and services, an excess of it tends to get diverted to speculation in the foreign exchange, commodity and stock markets.

The 1997 East Asia crisis has clearly demonstrated this. The Eastern tigers had healthy fiscal polices which could be the envy of a number of developing countries. However, the large inflow of short-term foreign funds led to rapid growth in bank credit to the private sector.
This created speculative heat in the stock and property markets. It was the old mistake of lending on collateral without evaluating the underlying risks. As soon as there was a shock, there was a rapid outflow of funds, which had come primarily, on a short-term basis. This led to a precipitous fall in asset prices and exchange rates, making the borrowers unable to repay to the local banks, which could not in turn repay their short-term loans from foreign banks. There was thus a banking crisis. The IMF had to come to the help of these countries by arranging a huge amount of loans. What this ended up doing was to enable the foreign banks to get back their loans and go scot-free. The burden of the debt consequently shifted to the governments and, ultimately, to the taxpayers of these countries.

The 1998 collapse of the hedge fund, LTCM (Long-term Capital Management),  was also due to highly-leveraged shortterm lending. On the strength of their own equity, the hedge funds are able to borrow enormous amounts which they use to speculate in the international commodity, stock and foreign exchange markets, and thus end up destabilizing financial markets around the world. The leverage of LTCM was 25:1 before the crisis, but rose to 50:1, and ultimately to 167:1, after the crisis.13 If the Federal Reserve had not come to its rescue, the whole world economy could have been driven to the precipice of a serious financial crisis. The heavy reliance on short-term borrowing has injected a substantial degree of instability even in the international foreign exchange markets. Daily turnover in the international foreign exchange markets was $1,490 billion in April 199814, which was 49 times the daily volume of world merchandise trade.15 This indicates that a substantial volume of foreign exchange transactions is for speculative purposes. According to Andrew Crockett, General Manager of the Bank for International Settlement (BIS), “Our economies have thus become increasingly vulnerable to a possible breakdown in the payments system.”16

If it is not desirable to rely largely on short-term credit, then the more desirable thing to do would be to rely on long-term borrowing and equity. Of these two, equity financing is preferable because it would introduce greater health in the economy through a more careful scrutiny of the projects financed.17 A number of world-renowned scholars like Henry Simons, Hyman Minsky, Charles Kindleberger, Joan Robinson, G.L. Bach, and Kenneth Rogoff have hence concluded that an economy where there is greater reliance on equity would tend to be more stable than a debt-based economy.18

CONCLUSION
Thus it may be seen that greater reliance on equity financing has to be an indispensable part of the strategy of any system which wishes to actualize the humanitarian goals of need fulfillment, full employment, equitable distribution of income and wealth, and economic stability. The reason why capitalism has not been able to realize these goals effectively is not because its goals are not humanitarian or the people in capitalist countries do not have the will and the resources needed for this purpose. The primary reason is the conflict that exists between its goals and its strategy. The goals are humanitarian, originating from its religious past, while the strategy is social-Darwinist, based on the concept of survival of the fittest. It relies primarily on the rate of interest for allocating financial resources. This gives an edge to the rich and leads to not only concentration of wealth but also a rise in conspicuous and wasteful consumption. This hurts the realization of goals. It also contributes substantially to the prevailing instability in the international financial markets. Mills and Presley are, therefore, right in concluding that:

“There are sufficient grounds to wish that, in hindsight, the prohibition of usury had not been undermined in Europe in the sixteenth century. More practical wisdom was embodied in the moral stand against usury than was then realized”.19

1. For the Babylonian, Jewish and Christian
views on interest, see, Johns, et.al. in Hastings,
Vol.12, pp. 548-58; and Noonan, 1957, p.20.
For the Hindu view, see Bokare, 1993, p.168.
2. See the Bible – Ezekiel, 18:8, 13, 7; 22:12.
See also Exodus, 22: 25-27; Leviticus, 25:36-
38; Deuteronomy, 23:19; and Luke, 6:35.
3. Johns, et.al, p.551.
4. The subject has been discussed in greater
detail by the author in Chapra, 1985, pp.19-
29 and 107-145; 1992, pp. 327-34; and 2000
a and b.
5. Figures have been derived from the Table on
“Consumption as percent of GDP” in IMF,
2000 Yearbook, pp.177-79.
6. OECD, Economic Outlook, December 1991,
Table 2, p.7; and June 2000, Table 22, p.266.
7. A question may be raised here about the
current low rate of unemployment in the U.S.
in spite of a substantial decline in household
saving. There are a number of reasons for this.
One of the most important of these is the large
inflow of foreign funds which “has helped to
fund a pronounced increase in the rate of growth
of the nation’s capital stock”(Peach and
Steindel, September 2000, p.1). Once there is
a reversal of, or even a decline in, this inflow,
it may be difficult to sustain the high rate of
growth in output and employment. In addition
the stock market may also experience a steep
decline.
8. Bigsten, 1987, p.156.
9. Mishan, 1971, p.205.
10. Morgan Guarantee Trust Company of New
York, 1987, p.7.
11. The Economist, 16 February 1985, p.15.
12. Friendman, 1982, p.4.
13. IMF, World Economic Outlook, December
1998, p.55. Leverage indicates the extent of
borrowing on the basis of equity. A leverage of
25:1 means a loan of $25 on the strength of a
capital of $1. When the leverage is high, it is
difficult for borrowers to repay their loans when
asset prices fall.
14. See Table 1 of the BIS Press Release of 19
October 1998 which gives the preliminary
results of the foreign exchange survey for April
1998. Such a survey is conducted by the BIS
every three years.
15. World merchandise trade (imports plus
exports) amounted to $908.7 billion in April
1998 (IMF, International Financial Statistics,
November 1998). The average value of the
daily world merchandise trade in April 1998
was thus only $ 30.3 billion.
16. BIS Press Release, 22 June 1994, p.3.
17. See IMF, World Economic Outlook, May
1998, p.82.
18. Simons, 1948, p.320; Minsky, 1975; see
also the summary of Minsky’s argument cited
by Joan Robinson, December 1977, p.1331;
Kindleberger, 1978, p.16; Bach, 1977, p.182;
and Rogoff, fall 1999, pp.211-46.
19. Mills and Presley, 1999, p.120.
2001

* This paper is a significantly revised and
updated version of the paper, “A Matter of
Interest: The Rationale of Islam’s Anti-Interest
Stance,” published in the October 1992 issue
of Ahlan wa Sahlan, pp.38-41.
Dr. Chapra is Research Advisor at the Islamic
Research and Training Institute of the Islamic
Development Bank, Jeddah.

Criminalize War, Torture, Democracy, Iraq, 9-11 and some Jews

torture pic from www-dot-perdana4peace-dot-org

Pic taken from http://www.perdana4peace.org/

Two Zionists who called themselved Jews are in a Chinese restaturant in Manhatten. They discuss the diaspora but get stuck when it comes to China. They call the waiter who promptly makes his way to their table.

“My friend and I were talking about the Jews and we were wondering about the Chinese Jews. Is there any Chinese Jews?”

The puzzled waiter pauses and says with a strong immigrants accent “I think there is none”. The amazed Jews asked him again, in disbelief the Jews had no presence in China. This time the waiter says “I will check for you” and goes off.

A minute or so later he returns.

“Well? said the Zionists, tucking into their braized trotters, “is there any Chinese Jews?” to which the waiter replied.

“Sir, we have apple Jews and orange Jews, but no Chinese Jews”

I heard that joke roughly as above, some time ago. It didn’t contain the word Zionists however, just Jews. I put the word Zionists in it because it is those people who call themselves Jews but are actually Zionists that I hate. There is a difference. But the traits of Zionism, turning a blind eye to the manufacture and propagation of Israyhell means (in my minds eye) that MOST Jews are bad Jews. The world has about 12-16M Jews (strangely the same number as before and after the holocaust if you warp your mind about that one – so report people accused of anti-semitism) and the number of them who support the theft and continual theft of Palestine are the majority.

There are great Jews however, Jews which could well be better in Gods ‘eyes’ than some Muslims, myself included, but these people are so few and far between. It is the Zionist killers, corporate and banking heads who themselves lay the claim to be Jews. Why then can this label not be used to identify them by? The answer is because it would include those great Jews I am deeply proud of. These Jews, a handful, protest against the creation of Israyhell and the Shaoh on it’s people. They research and denounce Zionist crimes against the Jews and they understand full well the threat these Zionists pose not just to Judaism, but monotheism and on an individual level, a threat to all people on the planet.

For it is the Zionist who call themselves Jews who pull the strings. George Galloway speaking yesterday the the Forum to Crimilalize War jumped on a great researcher, K. Gajendra Singh, an author who writes articles for www.informationclearinghouse.info [1] and http://www.uruknet.com/ [2] when Mr. Singh mentioned the Jews contol the banks (or did he say the media? – or both???). That statement was factually correct and Mr. Singh didn’t accuse “The Jews” of anything, yet George rather sharply took what was said as being an attack on all Jews. He said Jack Straw wasn’t Jewsish (I actually think he is) and Bush’s cabinet wasn’t Jewish (he mentioned about three – but avoided the Jewish ones that were in Bush’s cabinet) and I think he said Bush wasn’t a Jew and he did say Rupert Murdoch wasn’t a Jew. Well George, you don’t have to be Jewish to be a Zionist, which is intertwined with rank greed and power via corporatism. Just becasue ALL the string pullers don’t calim to be Jews, does not in any way mean they don’t work to the favout of the Zionists…. And they DO work in tandem with Zionists as they share common perspectives in the sence that they have a perverted superiority complex which not only breeds high aggorgance amongst their circle {or inverted pentagon}, but invites dislike and hatred upon them. And rightly so!

George doesn’t do well for himself when he rapidly starts cautioning people for using the Jew word, as he sometimes takes it out of context. George also can quickly spin peoples words into directions they did not mean.

As for democracy, GG himself is on record as saying the tories and labour are two cheecks of the same arse yet advocates Democracy (presumably based on a sililar style – perhaps with PR) as the best solution. Yet he said when defending himself for not voting for Cynthia McKinney (GG suppoted Kuchinicg in the primaries, then Obama in the 3 horse run off) as he said his choice was ‘rael politik’. So George defeated his own arguement about voting. He would of course say Vote for the alternative aprties, such as Respect Renewal, but applying his logic, voters should vote Tory or NeoLabour instead as only they have the chance of getting in. So the procedure of democracy will simply elect the one head of a two headed beast.

The modern record shows, voteing out one piece of scum like Bush and electing a new piece of scum like Obama, that democracy as we know it is bankrupt.

I advocate an end to the party system. I think this would go a long way to solving the problem. Some Muslims shriek at ‘democracy’ and they have a point. According to ‘western’ democracy, man can make the forbidden, legal e.g. homosexual sex, Mercy killings, Abortion and I would dare say, pre-emptive strikes too! But Muslims are surely aware that a council elected the Kalifah. One could say there was some democracy there, and even say if democracy was offered, then rejected again, then that too is democracy as the ‘peoples’ desire not to have what we know of democracy is actually a democratic choice.

Well as usual, I am falling asleep at this computer and I must end here. I’ll correct the usual poor language later, and try soon to give more feedback on the  Criminalize War and Tribunal, although I would like to end by saying Sami al-Hajj and Mozzamam Beig’s speeches today were both horrifying and excellent. There’s still 220 prisoners in Guantanamo and probably thousands more in US spearheaded hell holes across the world. 

Can’t sleep till I’ve mentioned the glorious Iraqi Resistance. It was good to hear them mentioned and some information given out as to their steadfastness and achievements. Most agreed to their legitimacy. Their cause it without question, one that is utterly justified. On day 1 of the conference JUBA the legendary sniper (false or whatever) had hsi name displayed on one of the slides.

I have to say the case to criminalize war was very powerful and comprehensive. Iraq is an utter nightmare by ALL accounts. The US and those who pull its strings want to leave a permanently sick people behind to man the oil pumps, but the noble Iraqi Resistance will never allow that.

Even 9-11 was discussed by Prof. Michel Chossudovsky and Ex-PM Tun Dr. Mahatir Mohammaed as being False Flags. Lauren Moret agreed and suggested other conspiracies too – vaccines and depopulation and DNA sabotage was mentioned, and Cynthia McKinney when she mentioned the counter intelligence programmes (COINTELPRO). Getting back to 9-11, Prof Chossudovsky mentioned the BBC (and CNN) news reporting WTC-7 collapsed 20 minutes before it did actially collapse (the Jane Standley reporter with Philip Hayton as anchor) and also “OBL in a Rawalpindi urology ward on 10th Sept 2001 – a place impossble not to meet CIA agents as anyone whose been to Rawalpindi will know” (near exact quote}

I think it was Moazzam Beig who said Africans were shipped from Africa to the American Hemisphere shackled in chains in the slave trade, but the same thing has happened again with the Guantanmo bay prisoners.

WAR SHOULD BE CRIMINALIZED. Please investigate this matter thoroughly yourself. I’m confident you’ll arrive at the same conclusion.

I really need sleep now.

http://www.perdana4peace.org/    and     http://www.criminalisewar.org/

[1] http://www.informationclearinghouse.info/article15729.htm
[2] http://www.uruknet.de/?p=m42600&hd=&size=1&l=e

 

 

Worst of both worlds.

Worst of both worlds.

Whats recently been said about Tamiflu, novel (A)H1N1 masks, vaccines and more, has been a scam. People have made millions of junk dollars out of it.

Very early on I detected the signs of the scam. particularly relating to Tamiflu, then later in vaccines. I did my part to try and bring peoples attention to it. Many didn’t care to listen, having little ability to think and research themselves.

An it isn’t the first time.

Fear has and is being used on a large scale to get us to things that otherwise we wouldn’t.

The danger of course is that should there ever be a serious virus attack (or even a biological outbreak) and
a) Your an ultra sceptic, you may under-rate the real threat and face increased risk
b) Your a human sheep and will take any crap vaccine or synthetic poison into your body.

Either way, ultra-sceptics and sheep are ripe for mass slaughter. This is the worst of both worlds.

The powers that be who run this world unarguably value their lives way above yours. This isn’t the normal self-preservation that you or I might have for ourselves, because theirs is so extreme that they are willing to INDUCE sickness death slavery starvation and death (even child abuse and perhaps even child sacrifice) for their benefit.

So sceptics, beware. If you really believe they are to reduce the worlds population from 6,700 million to something like 500 million, your scepticism may be used against you.

Be wise and be vigilant, stay healthy and build good widespread relations.

I saw this somewhere:
“Just because you’re paranoid, doesn’t mean they aren’t out to get you.”

Palestine, oh Palestine.

I’ve not written about Palestine for some time now. It’s not that I’ve forgotten about it, nor is it that I’m sitting down twiddling my thumbs about it – far from it!  In fact, of late, I have been doing more ‘things Palestine’ than ever before, sukran Allah, it’s just that the issue has flowed through other channels of communication other than this blog.

Well today I recieved an interesting e-mail…

Salam all Brothers and Sisters,
There is an interesting link here that was sent by a good brother……let’s see if there is any constructive comment from our learned and scholar brothers/sisters… 

Sharing is caring is loving all Mankind..
Salam ukhwah for Allah
Sister Suraya

http://www.israelnationalnews.com/Articles/Article.aspx/7634

 

I made this reply…

Not sure what the learned and scholarly brothers/sisters make of this, but here’s my opinion:

Muslim Zionists never openly declare themselves as Zionists because even for them, it is an utterly shameful thing to be. They practice their Zionism in silence.

Sheikh Abdul Hadi Palazzi (who for what it’s worth I’ve never heard of before) is a first.

Assuming this isn’t just the usual Zionist scam from their box of repetitive tricks (which in all honesty, it probably is), then one can imagine the ‘level’ Sheikh Abdul Hadi Palazzi will occupy, after judgement from assessment of his level of morality/justice, rationale and intellect.

The old Zionist trait, perversion of religion, reveals itself once more, ‘trapping’ God into an unconditional covenant with dirty murderers, thieves, rapists, butchers, and oppressors, oblivious to the very obvious example from their own history that God shows them what happens when they break the covenant: forced to wonder in the desert for 40 years, the temple destroyed twice by the Babylonian/Assyrians and later by the Romans.

The inverse-religion Zionists create, from Judaism, Christianity or Islam, is a doorway to impending doom which eagerly awaits their passage.

But Allah SWT, the Most kind, Most compassionate, still offers salvation to these merchants of evil. InsyaAllah let Ramadan be the catalyst for their reversion to the ‘siratal mustaqeem’.

————-

Also, ICH reports an article that is perfectly consistent with what Sheikh Imran Hosein has been forwarning of for some time now.

Report: Obama, Mubarak to Discuss Compensation for Palestinian Refugees – By Roee Nahmias, See: http://www.informationclearinghouse.info/article23294.htm

Jerusalem WILL become the capital city of the imposter state of Israyhell. Check out Sheikh Imrams excellent books on the subject (and watch his videos www.imranhosein.org ).

 

————-

HERO’s of the ‘Free Gaza Movement’ ( http://freegaza.org/ ), Huwaida Arraf and Husband Adam Shapiro have been canvassing for ssupport recently and I was blessed to get to meet them for a few minutes. Adam also tried to Skype with Cynthia McKinney on my laptop but we had audio problems. So please go to their website and offer them whatever support you can.

Huwaida and Adam are also helpin us with our BDS campaign. Boycott, Divestment and Sanction against Israyhell.  ( www.bdsmovement.net/  ), something Pilger mentioned in his speech a few weeks ago.

Empire, Obama and America’s Last Taboo – By John Pilger
 
Pilger examines Obama’s position as president of the US and puts it into perspective. Recorded in San Francisco on the 4th July 2009.
 
googlevideo=http://www.youtube.com/watch?v=gXL998q7skI
26m06s:
“Look at the remarkable Boycott Disinvestment and Sanction campaign, BDS for short, aimed at Israel that’s sweeping the world. Israeli ship s have been turned away from South Africa and Western Australia. A French company has been forced to abandon plans to build a railway connecting Jerusalem with illegal Israeli settlements *audience applause* Israeli sporting bodies find themselves isolated, Universities in the United Kingdom  have begun to sever ties with Israel. This is how apartheid South Africa was defeated.”
 
I have never seen a docmentary, a speech or book by Pilger that wasn’t excellent, and this one doesn’t break the trend.
————-
Almost finished. PLEASE FINANCIALLY SUPPORT   Information Clearinghouse. Tom Feeley must be really struggling and I don’t think he has met his monthly expenses for a number of months over this last year…
ICH appeal 21 Aug 09
————-
Lastly, I will leave with this…

 

Assalamualaikum and greetings.

 

21st August is al-Aqsa Day.

 

This year, al-Aqsa Day falls on Friday, 21st August 2009, in all likelyhood, a day before the blessed month of Ramadhan which begins on Saturday. What is the significance of al-Aqsa Day and what is the background to it’s commemoration/remembrance? The date has been chosen by the Malaysian government as a mark of brotherhood and solidarity with the Palestinian people and to renew her commitments to the Palestinian cause. This brings the next question? What is the significance of 21st August that it was specifically earmarked as the al-Aqsa Day?

 

The background to this is the occupation of East Jerusalem and the West Bank when the zionist army overran these territories apart from the Gaza strip, the Sinai peninsular and the Golan Heights in 1967. The United Nations Security Council convened and unanimously adopted resolution 242 on 22nd November in the same year which condemns Israel and demanded the withdrawal of Israeli forces back to the Green line of 1949. Such illegal occupation as the consequence of the so-called six day war of 1967 however remain to this day, except for the return of the Sinai peninsular to Egypt as part of the Camp David peace agreement signed between Egypt and Israel in 1978. Since then, Egypt and Israel became peace partners and Egypt is to ensure that the Palestinian issue will not in anyway jeopordizes the security of Israel. Under such humiliation, Egypt closed the Rafah crossing, preventing aid reliefs into Gaza and even denying injured Gazans from seeking medical treatment in the wake of the Israeli attack early this year. 

 

The occupation of 1967 has lead to numerous threats to the al-Aqsa mosque and other religious symbols and places of worship in and around East Jarusalem. Extremist jewish groups has been calling for the demolition of the al-Aqsa mosque and the takeover of the Haram al-sharif for the construction of the Solomon’s temple (Haikal Sulaiman). Jewish settlers have been incited to dispense their religious duty to finance and lobby for the construction of the temple on the ruins of al-Aqsa mosque. Arab properties were expropriated to rid of Arab residence in the neighbourhood of al-Aqsa to make way for more kibbutz or jewish settlements. In the name of archeological excavations, tunnels were dug around and beneath the Haram as-Shariif in search for the ruins of the temple razed during the Roman period. The excavation works has apparently affected the foundation of the Usmaniah mosque. These tunnels were dug in secrecy but their cover was blown when it was discovered by Syeikh Raed Salah who brought to the attention of the muslim world the predicaments of Islam’s third holiest mosque. They also took over the al.Maghariba gate, the main entrance to the al-Aqsa mosque.Other places of worship were also not spared by the the zionist sacrilage and these include the church of the holy Sepulcher (the church of al-Qiamah) and the Greek orthodox church.

 

To deal with these threats on the future of al Aqsa, 23 Islamic countries convened at Kuala lumpur in April 1969 and passed a number of resolutions to safeguard the sanctity of Jarusalem and it’s vicinity. However such international efforts to allay everyone’s fear for the safety of al Aqsa was dashed on August 21st when an Australian national by the name of Michael Dennis Rohan set the sacred mosque ablazed. A report in the Jewish media Yediot Aharanot alleged that a temple will be built on the exact spot where al Aqsa is on August 21st suggesting that the arson was a deliberate act orchestrated by the Zionist higher authority. Dennis Rohan was put on trial, declared insane by the court and immediately deported to Australia. In a more recent tragedy when a group of worshippers were gunned down during the dawn prayer at the Ibrahimi mosque (Hebron) by a lone jewish gunman, the court also found the latter mentally unfit to stand trial.

 

The tragedy has triggered a summit meeting of muslim countries in Rabat from the 22nd to 25th September, 1969. Three muslim leaders played a pivotal role in calling for the summit; YTM Tunku Abdul Rahman Putra al Haj, King Faisal of Saudi and King Hassan of Maghribi. A key resolution was reached i.e. any peace effort  to end  the conflict that does not include the restoration of Jerusalem back to it’s status prior to the 1967 Israeli war of aggression will not be acceptable. A permanent secretariat was established in Jeddah and YTM Tunku Abdul Rahman, the first Prime Minister of Malaysia was appointed as the first Secretary Genderal. These events which can be traced back to the Kuala Lumpur initiaves in April 1969 have paved the way for the birth of OIC (Organization of Islamic Conference) as we knew it today.  Following the summit, YTM Tunku Abdul Rahman attended the 23rd United Nations General Assembly held in November of the same year, carrying the aspirations and demands from the summit meeting in Rabat. YTM Tunku Abdul Rahman successfully convinced the General Assembly to again recognize and to reinstate the question of Palestine in the UN agenda after it has been dropped in 1952. As a result resolution 2535B (XXIV) was passed on 10th December 1969, which reaffirms the inalienable rights of the Palestinian people towards their homeland and the rights for self determination. The instrumental role of YTM Tunku Abdul Rahman Putra al-Haj should be given a special place in the history of the international struggle for the liberation of Palestine.

 

Since 1969, Kuala Lumpur has officially chosen 21st August as a day to strengthen the solidarity with the Palestinian people and to renew her commitments towards the liberation of Palestine. Pos Malaysia has issued commemorative stamps on 21st August in 1978 and again in 1982 to garner national and international support for the Palestinian cause. Over the years, al Aqsa day seems to have lost it’s fervor. It was a commendable effort especially by the students at the higher institution of learning to revive 21st August during the last couple of years and to rebrand it as the ROQ (Remembrance of al Aqsa). We urge the government to relive this legacy of the late YTM Tunku Abdul Rahman Putra al-Haj by again reinstating the al Aqsa Day of 21st August as a national day of observance to strengthen our solidarity with the Palestinian people.

 

Assoc Prof. Dr Hafidzi Mohd Noor

Director

PACE

(Palestine Centre of Excellence)

21st August 2009

 


Viva Palestina – break the siege:

Viva Palestina - break the siege

This blog supports victims of western aggression

This blog supports victims of western aggression

BooK: The Hand of Iblis. Dr Omar Zaid M.D.

Book: The Hand of Iblis
An Anatomy of Evil
The Hidden Hand of the New World Order
Summary Observations and History

Data on Fukushima Plant – (NHK news)

Fukushima Radiation Data

J7 truth campaign:

July 7th Truth Campaign - RELEASE THE EVIDENCE!

Recommended book: 3rd edition of Terror on the Tube – Behind the Veil of 7-7, An Investigation by Nick Kollerstrom:

J7 (truth) Inquest blog

July 7th Truth Campaign - INQUEST BLOG
Top rate analysis of the Inquest/Hoax

Arrest Blair (the filthy killer)

This human filth needs to be put on trial and hung!

JUST:

JUST - International Movement for a Just World

ICH:

Information Clearing House - Actual News and global analysis

John Pilger:

John Pilger, Journalist and author

Media Lens

My perception of Media Lens: Watching the corrupt corporate media, documenting and analysing how it bends our minds. Their book, 'Newspeak' is a gem.

Abandon the paper $cam:

Honest and inflation proof currency @ The Gold Dinar
July 2019
M T W T F S S
« Jul    
1234567
891011121314
15161718192021
22232425262728
293031  
Advertisements