- 'Scores killed' in Nigeria bus station blast November 28, 2014
- Oil prices plummet to low after OPEC decision November 28, 2014
- UN declares emergency in Gaza over floods November 28, 2014
- Afghanistan hit by string of Taliban attacks November 28, 2014
- Syrian government bombards ISIL strongholds November 28, 2014
- Price wars and power-play over oil supply November 27, 2014
- Burned bodies found in southern Mexico November 27, 2014
- 'Collective punishment' targets Palestinians November 27, 2014
- Australian cricketer dies from head injury November 27, 2014
- Hagel’s Departure Should Open Debate on Obama’s Wars
- Daydream Believers: James Risen’s Pay Any Price
- Bitcoin Can Help Curb the War Machine
- How Many ISIS Fighters Are There?
- Amid Growing US War Failures, Officials Mock ISIS ‘Midgets’
- Redefining ‘Imminent’
- Ron Paul on Boots on the Ground
- It Was Staged! Video of Syrian Boy Saving Girl Under Fire Was Shot in Malta
- When Thatcher Got Testy With Reagan — Over Grenada
- Justin Raimondo Talks to Rare About Rand Paul
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- Endless War – Obama Extends War in Afghanistan by KATHY KELLY
- The Swiss Gold Referendum by PAUL CRAIG ROBERTS
- Putin Condemns The U.S. for Undermining World Order and Instigating the Rise of ISIS
- The British-American coup that ended Australian independence – John Pilger – 23.Oct 14
- The Islamic State and the Jewish State by AHMAD MOUSSA
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Category Archives: Economics
To put a seal on Obama’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 (“willful killings and willful causing great suffering” to the civilian population and “collective punishment intentionally inflicted by the government of Israel on the people of the Gaza Strip”), 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 fund… …a year’s worth of health care for 117 million Americans ($7,439/person) …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