Islamic Retreat (Day Three)

October 6, 8:44 AMSF Muslim ExaminerDavi Barker

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Maulana Imran Hosein teaches about
international monetary policy.

Session One: Dajjals most Dangerous Weapon, Riba.

The prophet Muhammad gave two signs of the Last Age in the Hadith of Jibril. The first is that the Beduins will compete in the construction of tall structures, which is clearly happening today. The second is that a slave girl will give birth to her mistress. Today we examine how the slave girl from the Hadith of Jibril becomes enslaved. Her mistress is a story for another day. The first thing this sign tells us is that there will be slavery in the Last Age. The Shaikh says this will be both economic and political slavery.
 

Riba is generally defined as interest taken on a loan. To many it seems strange that this would be a sin, but in fact it is in the Bible, and most other scriptures as well. Why? In Surah Rum Allah contrasts riba with charity. This is because a perfect act of charity is to give wealth and take nothing in return, but a perfect act of riba is to take wealth and give nothing in return. In Surah al Imran Allah tells us that riba multiplies. To understand this the Shaikh recommends the book "Confessions of an Economic Hit Man" by John Perkins. Basically to entrap a client state in economic slavery all one has to do is offer them a loan from the International Monetary Fund, and I remind you Imran Hosein has studied international monetary policy at the doctoral level, and charge them a level of interest they will never be able to pay back. Eventually the client state must default on their loan and in order to renegotiate they must give up their freedom, and comply with the political demands of the lender. It's people enslaved in poverty and exploited for cheap labor. A hungry man will bow down to anything. This also happens to individuals buried under insurmountable debt by private lending agencies.

In Surah Baqara riba is juxtaposed with business. Allah has made riba haram and business halal. Why? A business transaction must involve risk of loss, but in a riba transaction the lender seeks to illuminate risk of loss. So this is exploitation. Such a person denies Allah's attribute Al Razaq, the Provider, and disrupts the divine wisdom at work in the distribution of wealth. For sometimes Allah gives wealth as a test, and gives poverty as a Mercy.The borrowers in such an economy must work all day long while the lenders do nothing but seek to complete their strangle hold. The rich remain permanently rich, and the poor remain enslaved in poverty. So, the proliferation of a world economy with a foundation built on interest has set the stage for the slave girl to appear.

The prophet Muhammad cursed four kinds of people for such wickedness. The one who takes riba. The one who gives riba. The one who records the transaction. And the one who witnesses the transaction. So this is serious stuff... think twice before you accept these modern fatawa.

Session Two: Riba Part II

Imran Hosein discusses another kind of Riba. Prophet Muhammad tells us that in the time of the Dajjal everyone will be consuming riba, and even those that don't the dust of riba will reach them. The Shaikh argues that we have already reached that age. We know that the goal of the Dajjal is to create a one world dictatorship, which he can rule as the false Messiah from Jerusalem. And we know that political slavery will be established through economic slavery, and economic slavery will be established through riba.

Any transaction based on deception is riba. It's a rip off. But to reveal the deception of the modern economy we must ask what money is in Islam. In the time of the prophet the Gold Dinar and the Silver Dirham were used as money. But that's not all. If there was insufficient gold and silver in the market they might use wheat, or dates, or salt. It was impermissible to have unequal exchanges of these commodities, just as it was to have unequal exchanges of gold or silver. So one could not trade one basket of dates for two baskets of dates because this would be riba. Just as loaning $100 dollars in exchange for $115 is riba. These commodities have a number of things in common that make them viable options for currencies. First, they have intrinsic value. So, promissory notes are no good, because the value is stored someplace else. They must have a shelf life. So camels are no good, because they may die. They must be abundant in the market. So rice may be good in Singapore, but not in Arabia.

So, now we have defined the primary functions of money. To serve as a medium of exchange. To serve as a measure of value. And, to serve as stable a store of value.

But today our money doesn't fulfill all these functions. In the modern world metal and commodities have been replaced with a fraudulent paper money, and it is prohibited by international law to use gold and silver as money. This deception becomes apparent when we look at how this economic order came into being.

The deception began with the creation of the Bank of England. Under that monetary policy notes were issued which were redeemable for gold upon request. But there were not enough reserves to cover every note. So the system relied upon people depositing their gold and circulating paper, eroding the criterion of intrinsic value. In 1926 the US implemented the same system under the Federal Reserve System. But in 1931 the US declared the use of physical gold and silver to be illegal. They demonetized gold and required that Americans sell their gold to the Federal Government for $20 per ounce of gold. Those who did not comply faced 6 months in jail and $10,000 in fines. Then in 1954 they sold the gold back to Americans for $35 per ounce of gold, ripping off Americans for over 40% of their wealth by devaluing the paper dollar. But this was just the beginning. A test run. In 1944 the Bretton Woods Accord established the International Monetary Fund which prohibited gold and silver money by international law. It was ruled that only states, not citizens, has a right to redeem the paper for gold. Then in 1972 Richard Nixon announced that paper notes were no longer redeemable for gold, and once paper was completely divorced from gold it began to collapse such that when they began this deception the value of gold was $20 per ounce, and today the price is approximately $1000 per ounce. And the people have been ripped of for 99% of their wealth. And now money is no longer a stable measure of value.

Only Allah can create wealth out of nothing. To believe that a central bank can create wealth with the printing press is shirk.

This rip off is complete. There is not one currency in the world today that fulfills this basic definition of money: having intrinsic value, being a stable store of value, and being abundant enough to use as a medium of exchange. Not one currency in the world today is not subject to the laws of the International Monetary Fund. They have already enslaved the world economically. And as they collapse these fraudulent currencies they are set to enslave the world politically.

Endnote:

After today's sessions I was invited by a local television station, the Islamic Broadcasting Network, to come with some others from the retreat to be interviewed on live television in Trinidad. The show was so successful that the owner of the station lengthened the interview from a half hour segment to a full two hour block. I thought the conversation was very fruitful and if I find the video I'll post it.