"The world with its billions does not have too many people, but it does have too many in their thousands who think that they are worth a million others."
Barely a year after European governments and the IMF had lent Greece $156bn to lighten its debt burden; Europe is now embroiled in a new debt crisis. The magnitude of this crisis is such that it threatens to engulf some of Europe's biggest economies such as Spain and Italy. The debt 'contagion' is not limited to Europe alone. Across the Atlantic, sees America a country that once boasted a 50 percent share of the world's GDP, controlled 75 percent of the world's gold and once a creditor nation, is now on the brink of default at a time when politicians on both sides of the political spectrum fail to agree on raising the US debt ceiling that is currently set at $14.3 trillion. The convergence of these two debt crisis has once again brought to the fore the prospects of impending global economic collapse.
Yet again, it is the intransigence of the super rich unwilling to share their wealth that is heralding another economic collapse. In the aftermath of the global financial crisis in 2008, the super rich were able to manipulate governments to undertake actions and enact laws that legalized the daylight robbery of ordinary citizens. Western governments were quick to bail out debt laden banks, with billions of dollars of tax payers' money. Without any consideration for the laymen, governments aptly converted the private debt incurred by the super rich into public debt by moving it off the balance sheet of troubled banks and onto the balance sheet of governments. In a further bid to protect the material interests of the super rich, governments engaged in the printing of money. This swiftly led to devaluation currencies around the world, and heaped misery on the people through the rapid rise in the price of basic commodities and services, which most could not afford. The super rich, on the other hand, were shielded from the effects of currency debasement, through their immense wealth and their ability to convert cash into tangible goods.
Three years on, the super rich are again manipulating the political class, the media and the financial institutions to safeguard their wealth at the expense of peoples and nations. For instance, at the heart of Europe's economic woes is in the reluctance of the super rich to write off debt owed to them by countries like Ireland, Greece, Italy, Spain and Portugal. The super rich would rather see countries indebted to them, paying exorbitant interest rates and their respective populations stripped off wealth, than the cancellation of debt payments and a reprieve for indebted countries to recover.
Likewise in America, it is the super rich that are demanding that the American public must pay for their economic mismanagement and excessive lifestyles. Both the Democratic and the Republican parties are vying with each other to protect the interests of the super rich. Cutting fiscal spending, reducing taxes or a compromise between the two parties will no doubt save the wealth of the super rich, but it will gravely hurt the majority of Americans.
Since the rest of the world is dependent on the West and its financial institutions, billions of people will suffer more than the average westerner.
The monopoly of the super rich over the world's wealth, treasures and resources exists only because there is no other ideology to challenge their greed and hegemony. Islam is the only ideology in the world that categorically forbids the super rich from hoarding their wealth. Allah mentions in Surah Al Hashr a translated meaning of which is:
مَا أَفَاءَ اللَّهُ عَلَىٰ رَسُولِهِ مِنْ أَهْلِ الْقُرَىٰ فَلِلَّهِ وَلِلرَّسُولِ وَلِذِي الْقُرْبَىٰ وَالْيَتَامَىٰ وَالْمَسَاكِينِ وَابْنِ السَّبِيلِ كَيْ لَا يَكُونَ دُولَةً بَيْنَ الْأَغْنِيَاءِ مِنْكُمْ ۚ وَمَا آتَاكُمُ الرَّسُولُ فَخُذُوهُ وَمَا نَهَاكُمْ عَنْهُ فَانْتَهُوا ۚ وَاتَّقُوا اللَّهَ ۖ إِنَّ اللَّهَ شَدِيدُ الْعِقَابِ
"And what Allah restored to His Messenger from the people of the towns - it is for Allah and for the Messenger and for [his] near relatives and orphans and the [stranded] traveler - so that it will not be a perpetual distribution among the rich from among you. And whatever the Messenger has given you - take; and what he has forbidden you - refrain from. And fear Allah ; indeed, Allah is severe in penalty." [Al-Hashr, 59:7]
Only in the Khilafah state you will find the super rich are unable to hoard and are forced to share their wealth with the people through a variety of economic rules based on Islam. In this way, all the citizens of the state are not deprived of the basic necessities of life and have an opportunity to live prosperously.
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Ghassan
said:
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Currency as a means of exhange, whether it be physical or non-physical, ultimately comes from, is owned by, will return to, and finally - belongs to - Allah Ta'ala. Debt in the real world of Islamic economics equals currency that is not, at present, circulating between the creatures. You are in debt when you cannot circulate currency that is used to exchange it for whatever you used it for as a means of exchange (food, clothing, home, etc). But... You do not OWE anyone anything when you are in debt - as you can never repay something that will never belong to you or anyone else. This is not what debt is, though this is what the kufar try to tell us it is for their own perceived benefit of you owing THEM - that THEY are the 'owners'. This is a lie and a pernicious one that many can't seem to break free from. Debt, within the unIslamic world, only means that you are temporarily being prevented by the kufar from participating in Allah Ta'ala's economic exchange system because the kufar have made themselves 'owner' and 'lord' of the currency. What this really is is artificial debt created by submitting to other than Allah Ta'ala, because no creature can EVER, no matter what his perceived status, be Allah Ta'ala. It only temporariliy arises when the creature attempts to become the creator and the misguided who give them allegiance - with the imposition of riba being one main tool used towards this end. The main issue to be addressed Islamically is that of currency - and negating the shaytaans artificial debt system which can be accomplished quite easily when the Ummah returns to Islam and currency flows freely as it must, one way or the other. Debt between creatures arises in the kufar 'economic bubble' when currency stops flowing amongst the creatures, as it is today with certain very vile kufar who are attempting to hoard all currency to themselves. Simply put, they want all in debt to THEM. This creates a very unstable situation where the average individual is being deliberately kept from participating in Allah Ta'ala' s currency exchange system. World-wide, we are looking at billions who are being prevented, and, thus, enslaved to those who fancy themselves as Allah Ta'ala. This creates a massive build-up of pressure as the open nature of Allah Ta'ala's creation cannot be thwarted by what amounts to a few kufar attempting to hold back the tide of circulation as they attempt to dam up and actually stop the circulation with everything in their hands and under their control. What will - and is - happening to these shaytaans should be obvious to all who at least can intuit what Allah Ta'ala's reponse to such attempts by creatures to control His creation usually is. The kufar are made examples of. May we return to Islam and not be made party to the bursting of the kufar's bubble that is at hand. |
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