- Deaths as Turkey targets Kurdish fighters in Syria August 28, 2016
- Fukushima's surfers riding on radioactive waves August 28, 2016
- Hong Kong's Rooftop Rebels August 28, 2016
- Burkini ban: New wave of French 'mission civilisatrice' August 28, 2016
- Investigating Katrina: Lessons learned from the storm August 28, 2016
- Debates shine only a half-light on UN boss selection August 28, 2016
- Heatwave continues to bake parts of the Middle East August 28, 2016
- Kurds and refugees behind Turkey's Syria offensive August 28, 2016
- US: Maccabee Task Force denies funding anti-BDS posters August 28, 2016
- New UN secretary-general must commit to accountability August 28, 2016
- Jon Utley’s Trip Report: Some Hopeful Signs from Belarus
- How I Was Blacklisted at CNN, and How Easily America Goes to War Now
- Ron Paul on Kerry In Kenya – Spreading ‘American Exceptionalism’
- Did an ISIS Fighter Try To Sell Sex Slaves on Facebook?
- The Good Morals of Secular Totalitarianism
- Turkey/US Invade Syria – Hillary Gets ‘No-Fly’ Zone
- Did Washington Just Declare a ‘No Fly’ Zone in Syria?
- Celtic F.C. Fans Pledge to ‘Match the Fine for Palestine’
- Ron Paul on the US Policy Shift In Syria; Pentagon’s Lost Trillions
- A Eulogy for John J. McLaughlin by Pat Buchanan
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Category Archives: Economics
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