- Iran tests new ballistic missile: state media September 23, 2017
- Orouba Barakat, daughter Halla found killed in Istanbul September 23, 2017
- China imposes limits on oil supply to North Korea September 23, 2017
- Hackers targeted 21 US states during 2016 election September 23, 2017
- German weapon removed from Mikhail Kalashnikov statue September 23, 2017
- Russia tells US, N Korea 'hot heads' to calm down September 23, 2017
- Barzani: Kurd region poll to occur despite opposition September 23, 2017
- Puerto Rico dam failure prompts mass evacuation September 23, 2017
- Qatar-Gulf crisis: All the latest updates September 22, 2017
- Theresa May proposes two-year transition after Brexit September 22, 2017
- The Vietnam War: A Tragic Mistake?
- Presidential Bomb Threats at the UN
- Defense Secretary Mattis: US Cannot Survive On ‘Puny’ Military Budget
- Ron Paul on Trump’s UN Speech: A Neocon Dream?
- Breaking: Forced Takeover of Catalan Government Institutions by Spanish Police Ahead of Oct. 1 Vote
- President Trump To Unleash the CIA Drones
- Scandal: The Pentagon’s $2 Billion Underground Syria Weapons Pipeline
- The Neocon Case Against The Iran Nuclear Deal – Ron Paul Says It’s One Big Lie!
- ‘Top German Politicians Want US Nuclear Weapons Out’ – Did Anti-Nuclear Actions Propel Issue Into National Elections?
- Ron Paul on Sen. Rand Paul Forcing Vote On 16-Year Undeclared War
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Category Archives: Economics
Most people still don’t know what caused the financial crisis. They know it had something to do with subprime mortgages and Lehman Bros, but beyond that, it gets rather hazy. Unfortunately, Congress appears to be in the dark too, which is why their attempt to regulate the system is bound to fail and pave the way for another crisis in the next few years. [Financial crises occur on average every seven years. Eds.]
The real source of the the last crisis is a design-flaw in the architecture of the modern banking system. This sounds more complicated than it really is. Continue reading
To put a seal on Obamaâ€™s humiliation at the hands of right-wing Israeli politicians Bibi Netanyahu and Avigdor Lieberman, the Obama administration sidelined the Goldstone Report detailing war crimes during the Gaza war (â€œwillful killings and willful causing great sufferingâ€ to the civilian population and â€œcollective punishment intentionally inflicted by the government of Israel on the people of the Gaza Stripâ€), signed a multi-year, $30 billion defense protocol with the Israelis, and rebuked U.S. Middle East negotiator George Mitchell for saying quite accurately that the U.S. had once withheld U.S. loan guarantees as a way showing displeasure at settlement activity. Continue reading
Arab oil-producing nations and some of the world’s largest oil consumers including China and Japan are reliably reported to be planning a long-term exit from pricing their oil trade in US dollars. If true, it would spell the death knell for the dollar as the world’s reserve currency and for the United States as global economic power.
Ever since Washington tore up the Bretton Woods treaty in August 1971 and went onto a “dollar paper reserve system” instead of a dollar backed by gold, the United States, as the world’s most powerful military power, has been able to dictate financial terms to the world. Nations like Japan and later China, dependent on US export markets, would dutifully invest their trade surplus dollars into US government debt, in effect financing wars such as Iraq and Afghanistan, which they opposed. They saw no choice. Continue reading
At this point in time when Capitalist economic solutions have a virtual monopoly in the discussion of economics for both Muslims and kuffar, it is critical that a working alternative model is presented to the world. As the recent Credit … Continue reading
With $872.6 billion, the cost of the conflicts in Iraq and Afghanistan so far, the United States could fundâ€¦ Â â€¦a yearâ€™s worth of health care for 117 million Americans ($7,439/person) â€¦one year of public elementary school for 116 million children … Continue reading
Experts in Islamic finance believe their way of doing business has shielded them from the global credit crisis.
“We don’t recognise the concept of interest… to look for some profit from trading money,” explains Dr Bambang Brodjonegoro from the Islamic Development Bank.
“In the Islamic concept, money is strictly for the purpose of exchange or storing value, but not for the transaction of looking for excessive profit,” he says.
Vatican says Western banks should look at rules of Islamic finance to restore confidence amongst clients. Continue reading