Almost every ISM (Capitalism, Communism, Socialism, Nazism, Zionism, Fascism, etc.) – has been created and maintained to serve the interests of a small rich minority and their not-so-rich collaborators. All these ISMs have been worshipped and protected like some divine religions. The high priests (mostly Jews), who conceived these ISMs, made sure that their doctrine is accepted blindly by the great majority of world’s middle-class and poor people.
The rich and parasites, who have been the main beneficiary of capitalist system – also created wage-disparity, bankruptcy, loan, paper-money, credit cards, and world monetary organizations like World Bank, IMF, Frderal Reseve, etc. – to keep their grip over world monetary system, so much so, that during every recession – it’s the poor majority which suffers, while the rich become richer on the expense of their victims – the taxpayers.
Capitalism is based on shear philosophy of loot – where the major shareholders of banking institutes take public money (deposit) against lower interest rates and then loan the same money (invest) to businesses and individuals against much higher interests rates to earn profits. The projectors of this system call it ‘the risk taking’ – that if banks’ investment suffer a loass – the depositor is still ensure of his/her ‘profit’ in the shape of interest. However, in practice it never happens that way. The bank loss is always covered by ‘low or no annual raise’ for the employees or some additional ‘service charges’ to the customers – or the banking institution declaring an outrght bankruptcy- which is usually put on the taxpayers’ shoulders – for the fear of more layoffs and thus increased unemployment – while the rich bank shareholders keep receiving their fat salaries and annual bonuses.
Americans have a long history of recessions - but ironically, the fat fish always emerged from them – more fat than before the recession. During the 1930s US recession – 10 million Americans became unemployed while approximately 30 million Americans were without any income at all. However, US president Hoover in his self-denial declared: “Nobody is actually starving.” In the 1970s, American went through another recession as result of OPEC raising the price of crude oil (for America’s blind support for Israel) – resulting in greater trade deficit of tens of billions a year to pay for the additional cost of oil imports. Then came the Black Monday - on October 19, 1987 – the great crash on the stock market – evaporating of US$900 billion in stocks within a few days.
According to Federal Reserve, in 1990 – the richest one percent of US owned 40% of its wealth – while the richest 20% owned 80% of America – meaning that 80% of Americans only owned only one fifth of country’s wealth.
While Bush administration’s War on Terror for Israel and American arms and oil industries is about to reach US$1 trillion mark – American taxpayers’ are asked to bailout the same crooks, most of whom were behind the Amercan invasion of Afghanistan, Iraq and now are demanding that more US soldiers die in Iran for the sake of Zionist entity.
The Wall Street is full of Jewish billionaire and millionaire crooks, who while milking the less fortunates for decades – are now benefiting the most from ‘bailouts’ handed over to them in several western governments. One of such crooks is Bernard Madoff, a billionaire Jew from New York, who engineered a US$50 billion fraud including US$600 million from Jewish Charities!!
You may wonder how the ‘bailout’ money is being spent by the ‘Capitalist parasites’? Matt Apuzo of Associated Press explains how the cat is skinned!
“With US$30 billion per year, world hunger (923 million including 10.5 million Americans) could be eliminated,” – Director General, UN Food & Agriculture Organization, Report, June 2008. In other word’s Bush Zionist-administration’s initial US$700 billion to Wall Street’s Zionist parasites would have ended world hunger for 23 years.
Capitalism is so out of control it’s no longer possible to bring it under control. Blood transfusions cannot revive a dead body, nor can infusions of make believe money reanimate a dead system. As Capitalist system is dying – world leaders have to fashion a new monetary system which could serve humanity and respect nature, rather than simply use and abuse them to generate wealth for a minority of parasite crooks.
It should be clear to any sensible person that to base an economy on interest (Usury) is a pretty stupid way of servicing a nation’s need to produce, consume and trade. It results in the evils of inflation, unemployment, decline of services, trading war, and finally, shooting-wars. Using interest rates as a means to control the problems of a nation’s economy is futile, as these problems were created by interest in the first place. Only when a government creates its own money supply free of charge to the nation to facilitate production, consumption and trade, instead of authorising private banks to create the nation’s money and then holding the nation at ransom by breaking its back under the ensuing interest debt, only when we get back to a system where the usurer is not being rewarded for taking advantage of others’ difficulties, will we achieve real prosperity.
Islam, often laughed at for sticking to its principles and not “moving with the times”, has never given in to the demands of the money-lenders to change its tough stance on interest. While Islam has increasingly been attacked by the western/Zionists’ financial interests behind today’s media and politics – these Islam-bashers hate to admit that Ursury was also forbidden in the original teachings of Moses (as) and Jesus (as).
Islamic law (Shari’ah) regulates both methods by which money may be earned and also the ways it may be spent. Acquisition of wealth is permissible only in ways which are just to all parties concerned; exploitation, arbitrary taxation, and individual profit resulting in social harm is not permissible in Islamic law. This puts numerous restrictions on business practices utilized to make profits. For example, polluting the environment, or selling products which lead to moral corruption would not be permissible in Islamic law. Wealth which has been acquired becomes private property, which is both a trust and a test according to Islamic concepts. The “trust” aspect means that property must be used in ways beneficial to the individual and society. The “test” aspect means that those who have more than they need should take care of those who are in need. Ways in which acquired wealth can be spent is also subject to Islamic law. People are expected to strive to be self-sufficient and not ask from others. Thus striving to acquire wealth and spending it on personal and family needs is encouraged by Islamic law. Islam does not preach austerity and encourages a comfortable standard of living. At the same time, it strongly discourages spending on idle desires, luxuries, and ostentation. There is also a strong encouragement to spend what is beyond ones needs on social welfare. These fundamental principles for acquiring wealth, using property (acquired wealth), and spending it impact on all realms of economic activity.
The primary objective of an Islamic state is to provide justice, and Islamic public finance is concerned with tracing the concrete implications of this abstraction in the economic realm. Western financial institutions have the acquisition and multiplication of wealth as their prime objective. Since acquisition of wealth can only be a means to an end, these institutions require modification in an Islamic society. Similarly, Islamic imperatives for social welfare require construction of certain uniquely Islamic types of institutions which do not have counterparts in the West.
Looking at the evidence with an open mind, however, it should not take one long to realize that Islam makes sense, and Capitalism doesn’t.
Sayyid Abul Ala Maududi (d. 1979), with his deep understanding and first-hand knowledge of the Capitalists, Socialists and Fascists idealogies – he highlighted his thoughts on Islamic political, economics and social dimension of Islam in his book entitled: Tafhimat, al-Jihad fi al-Islam and Tanqihat.
Jamaal al-Din Zarabozo’s explains how Islam views Usury (interest) here.