- UN passes resolution on CAR military action December 6, 2013
- Swiss: French Arafat conclusion 'debatable' December 5, 2013
- Iraqi cameraman executed in Syria December 5, 2013
- Scores killed in Yemeni ministry attack December 5, 2013
- US teacher gunned down in Benghazi December 5, 2013
- Israeli-Palestinian talks making 'progress' December 5, 2013
- Pope sets up panel to fight child sex abuse December 5, 2013
- Thai king calls for unity December 5, 2013
- Saudis expel 100,000 illegal Ethiopians December 5, 2013
- ‘There Is A War On Journalism’: Jeremy Scahill on DemocracyNow!
- The ‘Zero Option’ Is The Best Option in Afghanistan
- Why US Critiques of China’s Naval Maneuvers Are Hypocritical
- Is Obama Changing Tack on Syria?
- More Americans Than Ever Think US ‘Should Mind Its Own Business’
- EU Could Collapse PA to Pressure Israel
- Bitcoin Bolsters Antiwar Activism: An Interview with Antiwar.com’s Angela Keaton
- Why Karzai Is Stonewalling A Security Agreement With US
- Be Very Afraid of Terrorism, Invisible ‘Big Bombs’ & ‘Huge Malevolence’
- In Honduras, Washington Supports Corruption, Military Repression, and Fraudulent Elections
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- America isn’t leaving the Middle East, unfortunately – Seumas Milne – Guardian – 28 Nov.13
- The Iran Deal by BINOY KAMPMARK
- America’s Chemical Weapons: Hypocrisy, Conspiracy and a Forgotten History
- A crime against Israel? – The Assassination of Arafat by URI AVNERY
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Category Archives: Economics
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
The bottom line to all this is simple: The U.S. dollar is going to be intentionally exhausted into worthlessness. Anyone holding any assets denominated in “dollars” such as Checking accounts, Savings accounts, IRA’s, 401-K’s, … Continue reading