All posts tagged: dollar hegemony

Capitalism’s Fiat Currency Causes Relentless, Generalized Inflation

Inflation measured through the Sensitive Price Index (SPI) posted an increase of 1.07 per cent for the week ended on November 18, driven by a sharp rise in the prices of essential food items, data released by the Pakistan Bureau of Statistics (PBS) confirmed. The PBS data showed that this is the sixth consecutive week […]

Views on the News 19/11/2021

Headlines: • After Lira Tumble, Turkey Faces Threat of Inflation and Currency Crisis • US: Pakistan, Taliban Violators of Religious Freedom • Paulson Warns of ‘Dangerous’ World If China-U.S. Tensions Worsen After Lira Tumble, Turkey Faces Threat of Inflation and Currency Crisis As expected, the central bank cut rates by another 100bps, which sent the […]

The Khilafah’s Gold and Silver Currency Will End the Inflation, Caused by Printing Money to Cover Government Expenditure

In Pakistan, from July 2018 to June 2021, the capital in circulation ballooned by 2,300 billion, whilst bank deposits soared by 6,000 billion. 8,300 billion rupees flooded into the system in just three years, whilst the country’s gross domestic product did not rise to match that surge, largely remaining stagnant. The inevitable result was a […]

The Khilafah Alone Will End Our Misery and Humiliation at the Hands of the American Economic Order

We are suffering immensely, as the economy obviously collapses, despite the reassurances of Pakistan’s rulers. The rupee is collapsing in value, whilst inflation is spiralling out of control. Fuel, electricity and gas prices are all increasing, as are taxation and unemployment. As if our economic misery were not enough, the rulers use the weak economy […]

The Khilafah Will Eradicate Rampant Inflation, By Abolishing Paper Fiat Money and Issuing Currency Based on Gold and Silver

By November 2021, the Rupee fell to 175 Rupees to a dollar, unleashing crushing inflation upon the citizens of Pakistan. Inflation is a permanent feature of the capitalist economy, irrespective of the re-opening of the economy after lockdown. Unlike Islamic gold and silver currency, fiat paper money loses its purchasing power, as governments print more […]

Without Islam to Rule Over Us, the Current Rulers Create a Storm of Inflation by Submitting to the American Economic Order

The 3 November 2021 address of Pakistan’s Prime Minister, Imran Khan, regarding inflation was to prepare opinion for another batch of catastrophic IMF economic policies. The so-called 120 billion Rupees “relief” package announced for 20 million people, amounts to only Rs. 1,000 per person per month, for six months. This is whilst the middle classes […]

Islam’s Currency Prevents Back Breaking Inflation!

The Rupees is tied to the dollar The Rupee is constantly weakening, causing huge inflation. In 2018, one dollar bought 120 Rupees On 26 October 2021, one dollar bought 175 Rupees. The Messenger of Allah (saw) declared gold and silver as the basis for currency. The prices in the Khilafah were stable for centuries. #KhilafahEndsAmericanEconomicOrder

Living under This System is Like being Slowly Poisoned, the Longer the Time, the Worse the Effects

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a series of meetings with senior officials of the International Monetary Fund (IMF) in Washington on Wednesday for finalising the release of the next tranche of a $6 billion loan facility. When asked if the IMF was asking Pakistan to do more to […]

Financial Tools of the Capitalist Major Powers

The IMF and the World Bank are considered amongst the important financial tools, used by major capitalist powers to dominate the world economy. This is being done by plunging other countries into continuous debts, whilst imposing economic dependency. Thus the loans offered by these financial institutions are the means of extending influence. They are political […]

Fuel Price Shocker: A Systemic Failure of Capitalist –Tax System

As always expected, once again, fuel prices have risen to astronomical level in Kenya’s history after the State discontinued a subsidy scheme introduced in April to ease public outrage over the high cost of living. The energy regulator — Energy and Petroleum Regulatory Authority (Epra) — removed subsidies of Sh7.10 on petrol, Sh9.90 on diesel […]

Whether there is Commotion or Calm in the National Assembly, Both the Rulers and the Opposition Submit to the IMF

After a few days of commotion, which was denounced by the mouthpieces of the Pakistan’s rulers as a disrespect of democracy, an orderly series of speeches by the government and the opposition resumed, during the budgetary session of parliament. However, whether there is commotion or calm in the National Assembly, the current budget is nothing […]

The Colonial Capitalist Economy: The Tool to Keep Third World Countries Enslaved

Kenya has increased prices for super petrol despite a decline in the average landed cost of petroleum products, inflicting more financial pain on motorists. The Energy and Petroleum Regulatory Authority (EPRA) increased the price of super petrol by Ksh3.56 ($0.03) per litre while that of diesel and kerosene remain unchanged for the period May 15 […]