مشاهدة النسخة كاملة : what's a US Dollar worth? When money is created from nothing
سـمـاح
10-13-2008, 08:52 PM
Some videos that explain the actual financial system. They show that the US money has no real value. Its only represents the promise of someone somewhere to pay back for it.
It also explains how the banking system evolved, and how they are robbing everyone. And conclude that the only sustainable solution is an interest free banking system.
Money as debt ( 5 parts)
YouTube - Money As Debt (1 of 5) (http://fr.youtube.com/watch?v=vVkFb26u9g8&feature=related)
YouTube - Money As Debt (2 of 5) (http://fr.youtube.com/watch?v=sanOXoWl0kc)
YouTube - Money As Debt (3 of 5) (http://fr.youtube.com/watch?v=kTv1fo6sKmo)
YouTube - Money As Debt (4 of 5) (http://fr.youtube.com/watch?v=3qicabStQkc)
YouTube - Money As Debt (5 of 5) (http://fr.youtube.com/watch?v=7kpSbkaD4tM)
Money, Banking and the Federal Reserve
YouTube - Money, Banking and the Federal Reserve (http://fr.youtube.com/watch?v=iYZM58dulPE&feature=related)
I dont know how much truth is presented here, but the question is: why nobody knows about this? and why is it permitted to keep on going?
من هناك
10-14-2008, 04:09 AM
It is not the case sister. People knew about this but in human sciences there is no right or wrong. For engineers and natural scientists, there are always some methods to check whether something is correct or not and whether correct things are rigorous.
In human sciences such as economics, everyone can build a story and try to support it. The way they presented the emergence of banks is nice and almost true. However, we should not forget that the western model fits very well with the western mentality and almost all people believe in this. It does not fit our societies but we have imported it as is.
أبو بكر البيروتي
10-14-2008, 09:58 PM
I ve seen this video b4
i was shocked when i did
سـمـاح
10-15-2008, 05:53 PM
Doesn't that mean that anyone who is dealing with dollars (or maybe even other currencies) is forcibly and inevitably dealing with riba?
Doesnt it mean that the money notes we have are nothing but a proof that we have money, and that the real money is still in the possession of the bank and they are using it to gain more interests? And that in this way they are "stealing" some of the value of my money (caused by inflation) and the only way to prevent this is by my spending the money directly or by putting it back in the bank and take the interests on it?
Or have i misunderstood the system ?
أبو بكر البيروتي
10-15-2008, 10:35 PM
u r right
but is there any other way ?
من هناك
10-16-2008, 02:27 AM
Doesn't that mean that anyone who is dealing with dollars (or maybe even other currencies) is forcibly and inevitably dealing with riba?
Doesnt it mean that the money notes we have are nothing but a proof that we have money, and that the real money is still in the possession of the bank and they are using it to gain more interests? And that in this way they are "stealing" some of the value of my money (caused by inflation) and the only way to prevent this is by my spending the money directly or by putting it back in the bank and take the interests on it?
Or have i misunderstood the system ?
Salam 3alaykoum,
Basically riba or usury is widely adopted and 99.99% of people are somehow affected and this was mentioned in the authentic traditions from the prophet Sallah Allah 3alayhi wa Sallam.
We might be forced into usury but it is not through the bank notes as the videos are claiming. We are forced into this through our payment systems, the procedure of distribution of money into the market and through the financial governance in our countries.
Back to the issue of having a paper for the money that we should have. This is not something that we should worry about. For example, in the old days gold was the real exchange tools (currencies) but still at the same time gold was extremly cheap in Latin America so it would not matter whether you have a lot of it or a little in Latin America because it is not appreciated in the eyes of people.
The same applies for the bank notes because this paper is backed somewhere by another value. Hence, we have the wealth we claim in our pockets as it is possible to convert this wealth (represented by this paper) at any time by a good that is equivalent in value. Can the central banks make money out of the money I have in my pocket. NO.
Why no?
Locally the central bank can not make interest out of the money it is printing and giving to people because this will devaluate the value of its currency against the major world currencies.
Internationally, central banks can not trade and go into investment with others because their roles is regulatory and if the regulator becomes your competitor, then you would not compete. So Central banks can not do that and keep the same flow of money in and out of the country as balanced as they need.
However, this banknote can loose its value faster than gold or silver in case of distress while gold would keep its value because we can sell it out of the country. From this point of view, gold is the best collateral for owned wealth.
How to solve this dilemma?
Temporary, governments should enhance the trust in their economies and keep the gold backup for the currencies.
On the long term, muslims should build their own economy. Bi Iznihi Ta3ala.