- Afghan Taliban: Haibatullah Akhunzada is new leader May 25, 2016
- Indian shuttle test considered success May 25, 2016
- A new formula in the battle for Fallujah May 25, 2016
- Israel: Yisrael Beitenu party to join coalition May 25, 2016
- Where next for Russia in Syria? May 25, 2016
- The agony of Sri Lanka's landslide survivors May 25, 2016
- Iraq: Christians who fled ISIL fearful to return home May 25, 2016
- Eurozone ministers reach deal on Greece debt relief May 25, 2016
- US: Prosecutors seek death penalty against Dylann Roof May 25, 2016
- Kurdish-led SDF launches offensive on Syria's Raqqa May 25, 2016
- Court Decision Grants Shocking New Government Powers
- Hammering for Peace
- Obama in Hanoi: Vietnam Arms Embargo To Be Fully Lifted
- Audio: David Henderson’s Speech ‘An Economist’s Case for a Non-Interventionist Foreign Policy’
- Obama in Vietnam: Diplomacy Or Deep State Duplicity?
- Intel Vets Urge Fast Report on Clinton’s Emails
- US Set To Deploy (More) Ground Troops to Libya
- Ron Paul: Improved Relations with Cuba and Iran Are ‘Best Things that Obama Ever Did’
- Ron Paul on TSA Total Failure – No Surprise!
- Hidden Mics as Part of Government Surveillance Program
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- ‘No Muslims allowed’: how nationalism is rising in Aung San Suu Kyi’s Myanmar
- The Unraveling of Zionism? by LAWRENCE DAVIDSON
- A Panama Papers Hoax Claims The Saudi King Funded Benjamin Netanyahu’s Election Campaign
- A CHRISTIAN COULD NEVER BE ELECTED MAYOR IN A MUSLIM CITY!
- Panama Papers: Saudi Arabia King Sponsored Netanyahu’s Campaign
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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