Archive for the ‘Economics’ Category

By following the money trail it is possible to  discover how intertwined British Imperialism was with its emergence as an economic power and the prosperity created for the nation.

Please read the following eight short pieces by James Walvin, on the monuments and show pieces across Britain and the people behind them, all connected to various trades directly linked to Slavery.

I will continue to explore this topic in a number of posts in future under a similar title

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https://www.khanacademy.org/economics-finance-domain/macroeconomics/monetary-system-topic/fractional-reserve-banking-tut/v/overview-of-fractional-reserve-banking

This praiseworthy organisation is known for providing free, all accessible learning for everyone on a range of core topics.

It does a sterling job of condensing hard to understand subjects, into bite size, digestible knowledge

Few areas have escaped its coverage, and I was fascinated to discover a number of sessions on Banking and Money.

The attached video is one of a three part series explaining how money is created by the private banks, something most people still know little about. This touches many key areas such explaining what Money is, how it actually works and raising valid questions about alternatives.

It doesn’t stop there, you can search for further tutorials on more how banks work, and again how they create money, as well as other technical aspects of the money supply, to name one example.

Its always good to see those of understanding laying bare these facts in a plain manner demonstrating just how easy it is to lift the veil which seems to cover these elements of a modern economy.

I have linked here the latest article from Jim Rickards, touching on what he believes to be the next economic catastrophe. Note the quote below which illustrates his view of lessons not learned sufficiently from the causes of previous crises, and the disdain for perceived wisdom

The equilibrium and value-at-risk models used by banks will not foresee the new panic. Those models are junk science relying as they do on notions of efficient markets, normally distributed risk, continuous liquidity, and a future that resembles the past. None of those hypotheses match reality.

Advances in behavioural psychology have demolished the idea of efficient markets. The future does not resemble the past; it keeps getting worse

 

In 1985 a precedent was set, as the leading economies of the day met to agree a way forward for mutual benefit and growth.

Read a summary of the event here

Putting this into perspective, considering modern day interventions, which has become a little too coordinated and frequent. Ultimately the Central bankers continue to take center stage, markets can’t get enough of them. They pour over every word, the syntax and the general impression they give about the coming months, are they feeling too hot or too cold, bull-shit or bear-shit?

These are the puppet masters, managing the stage, setting the scene.

Another example of the manipulation and authoritarian control excercised over our economic reality

 

Explore the following link for Jim Rickards explanation of the Tiffin Dilemma which links the US Dollar to global trade and the also to the gold standard and currency preservation….

http://www.capitalandconflict.com/central-banks/triffins-dilemma-and-the-future-of-sdrs-2/

 

Please find here a resource which may prove useful in further deconstructing and exposing the economic system and its associated theory

The Principles of Economics – Some Lies My Teachers Told Me – Lawrence A Bolan

Here is a link to an old article written by Dr. Sahib Mustaqim Bleher, in 2004, however it still stands as a good response to the official arguments put forward commercial banks operating such products.

This is the slippery slope to the destruction of the spirit of Islam, replacing it with a commercialised remnant of ritual practices

I find it useful that the oft abused verse of 2:257 has been countered with the interpretations of 4:46 and 9:37

I feel I should also make a general comment that any argument which relates to the technical workings of the product and its contractual terms should always be put into the wider context of the exact nature of debt and money, which this article rightly does.

A further point is that although the terms have been redefined with these kinds of instrument, there is no argument that a percentage is being applied to a principle sum on a compound basis, doubling and multiplying indefinately (3:130)…..RIBA by any other name

I am in no way supporting the organisation with which the author is involved, named on this website, however another piece which seems to be of some worth is the policy on economics. Of course the most glaring point which I would take issue with, is that nothing can be implemented within the confines of a State structure, itself a post colonial construct which feeds the overriding system, not replaces it;

http://www.mustaqim.co.uk/ipb-archive/policies/economy.htm