Why you shouldn't sell your Gold, no matter how high the exchange rate is!

This is a discussion on Why you shouldn't sell your Gold, no matter how high the exchange rate is! within the Islamic Finance & Banking forums, part of the Islamic Library category; Islam and the Future of Money - Imran Hossein pp.34-42. 103 Islam and the Future of Money - Imran Hossein 103 Islam and the Future ...


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Old 12-27-2009, 07:05 PM   #1
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Default Why you shouldn't sell your Gold, no matter how high the exchange rate is!




Islam and the Future of Money
- Imran Hossein pp.34-42.


pp.34-42.

[Just read the bold and navy parts, its worth it.]


The reader can easily recognize the very heart of the process of legalized theft in the international monetary system that the Judeo-Christian alliance has created by focusing attention on an event that occurred in April 1933.

The US Government enacted legislation at that time prohibiting American residents from keeping gold coins, bullion or gold certificates in their possession. Gold coins were demonetized, and were no longer permitted as legal tender. They could not be used as money. If anyone was caught with such gold after a certain date, he could be fined $10,000 and/or be imprisoned for six months.

In exchange for the gold coins and bullion, the Federal Reserve Bank, which is a private bank, offered paper currency (i.e., US dollars) with an assigned numerical value of $20 for every one ounce of gold. Most Americans rushed to exchange their gold for paper currency, but those who were aware of the rip off that was about to take place bought gold with their paper currency and then shipped the gold away to Swiss banks.

It is significant that the British government also demonetized gold coins in the same year as the US. They did so through the simple expedient of suspending the redeemability of the sterling paper pound into gold.




After all the gold in USA had been exchanged for paper currency, the US Government then proceeded in January 1934 to arbitrarily devalue the US paper dollar by 41% and to then rescind the law of prohibition concerning gold that was previously enacted. The American people rushed back to exchange their paper currency for gold at the new exchange value of $35 per ounce of gold. In the process, they were robbed of 41% of their wealth. The reader can now easily recognize the legalized theft that takes place when paper currency is devalued.

The Qur’ān has specifically prohibited, hence declared Harām, such a robbery of people’s wealth. It has done so, for example, in these verses of Sūrah Hūd:
"And O my people! give just measure and weight, and do not deprive people of what is rightfully theirs by diminishing the value of their things (such as value of labor, merchandise, property, etc.) and do not commit evil in the land with intent to corrupt and destroy.”

(Qur’ān Hud, 11:85)




And Prophet Muhammad (sallalahu ‘alaihi wa sallam)
has declared such transactions which are based on deception, and which yield a profit or gain to which one is not justly entitled (i.e., acts of ‘ripping off’), to be Ribā.


The Federal Reserve Bank appeared in the above incident to have initiated a ‘trial run’ to test domestically the new monetary system through which a massive and unjust transfer of wealth throughout the unsuspecting world could be achieved. That transfer would take place through the simple device of creating money out of worthless paper and then forcing paper currency upon all of mankind. Those who control the monetary system would then target certain currencies and force them to be continuously devalued. As such paper currencies lost value the unsuspecting masses would suffer massive loss of wealth, however, their ‘loss’ would result in ‘gain’ for others.

Less than two years earlier, in September 1931, the British pound was devalued by 30% and this gradually increased to 40% by 1934. France then followed with a devaluation of the French Franc by 30%, the Italian Lira was devalued by 41%, and the Swiss Franc by 30%. The same thing subsequently happened in most European countries. Only Greece went beyond the rest of Europe to devalue its currency by a whopping 59%. What appeared to be "beggar thy neighbor" policies of 1930s — using currency devaluations to increase the competitiveness of a country's export products in order to reduce balance of payments deficits — resulted in plummeting national incomes, shrinking demand, mass unemployment, and an overall decline in world trade that came to be known as the Great Depression. However, it prepared the way for the imposition of an international monetary system that ostensibly sought to bring order and prevent chaos in the world of money and trade. In other words, the Great Depression was artificially contrived in order to justify the imposition of an international monetary system that would bring order to a chaotic world of money. This unusual and highly suspicious collaboration amongst European countries in the almost simultaneous and utterly fraudulent devaluation of their currencies should have awakened Muslims to the grave dangers posed by the European Judeo-Christian monetary system of paper currencies. The Judeo-Christian alliance went on to establish a ‘paper currency’ international monetary system at Bretton Woods. They used the link between the US dollar and gold in the Bretton Woods Agreement as a fig leaf to hide the fact that paper could now be printed and used as money without any requirement that it be redeemable in the market in real money, i.e., money with intrinsic value. The Bretton Woods Agreement paved the way for the International Monetary Fund to be established in 1944 with the explicit function of maintaining an international monetary system of precisely such non-redeemable paper currencies. By 1971 even the fig leaf isappeared when USA reneged on its treaty obligation under international law to redeem US dollars for gold. As the European Judeo-Christian alliance decolonised the rest of the colonised world they ensured that the decolonised non-European world was absorbed into the new monetary system through membership in the International Monetary Fund. The Articles of Agreement of the IMF prohibited the use of gold as money.
3

It did so by prohibiting any link between gold and paper currencies other than the US dollar.
Art. 4 Section 2(b) of the Articles of Agreement stated: “exchange arrangements may include (i) the maintenance by a member of a value for its currency in terms of the special drawing right or another denominator, other than gold, selected by the member, or (ii) cooperative arrangements by which members maintain the value of their currencies in relation to the value of the currency or currencies of other members, or (iii) other exchange arrangements of a member's choice.”
The evil plan behind the whole system was also to get Western currencies, as well as those of their surrogates, to constantly increase in value in relation to other currencies. That was achieved through the simple device of either coaxing or forcing devaluation of targeted currencies.




As such currencies were devalued, it resulted in a massive transfer of wealth from the masses to the elite. It also forced labour into working for slave wages, and it imprisoned those who took hard currency loans from an ever-willing IMF and from European commercial banks and now found themselves in ever-increasing difficulty to repay those loans with interest.

In fact, the entire monetary system with its IMF centrepiece was specifically designed to achieve such results. Targeted countries were trapped with huge loans, were continuously drained of their wealth, and were impoverished as they struggled to repay loans with money that constantly lost value. It did not happen by accident.
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Old 12-27-2009, 08:41 PM   #2
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Default Re: Why you shouldn't sell your Gold, no matter how high the exchange rate is!



Jazak Allah khayran for sharing akhee. This is one of the biggest scams and frauds of 20th century. Sad point is that it is not well known among people and buried in history. It was last push by the private bankers to enslave the masses and take over the entire world and amazingly they did this during the time of great depression, when the average people were dying out of hunger. So during that depression they took everything away from masses and made them more poor.

Can you believe that a country passed a law that you cannot own gold? Can there by anything more ridiculous than this barbaric utter rubbish law? This law was eventually lifted in 1970s and all the gold, which the private bankers bought for cents, was sold back to government and public at very very very high prices.

That is why I have repeatedly stated that people behind the scene created scenarios, environment and introduced appealing notions to change people's focus from core issues while they were easily enslaving the masses. Why did all these movements for freedom, rights and women rights etc. appeared within a century? Why so much talk about peace, security and some great wars? Why did our lifestyle, moral values and living standard changed drastically within a century? It is all thanks to "imaams" of private banking and paper money.

Despite all of this, yet people in the west claim that they are "free" and there is no slavery. This is nothing but a delusion from shaytaan and their imaams. Let us just look at what their people have said:
Mayer Amschel Rothschild, founder of Rothschild banking dynasty said: "Give me control of a nation's money supply and i care not who makes its laws".

Sir Josiah Stamp (1880-1941): "If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation's credit".

Josiah Stamp also said: "The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to but it back again...Take this great
power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit "

Louis Macffaden: "A World banking system was being setup here...a superstate controlled by international bankers...acting together to enslave the world for their own pleasure".

Thomas Jefferson (1743-1826): "I believe that banking institutions are more dangerous than standing armies...If the American people allow private banks to control the issue of currency...the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homless on the continent
their fathers conquered".

Leo Tolstoy said: "[Paper] Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, there is no human relation between master and slave".

Goethe said: "None are more enslaved than those who falsely believe they are free"

Woodrow Wilson (President of USA 1913-1921) said: "I am most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world, no longer a Government by free opinion, no longer a Government by conviction and the vote of majority, but a Government by the opinion and duress of a small group of dominant men".
Let us not forget about their future plan of implanting microchips to control everybody.


People need to awake from their dreams and realize the truth!

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Old 12-28-2009, 01:45 PM   #3
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Default Re: Why you shouldn't sell your Gold, no matter how high the exchange rate is!

asalaam alaikum


Jazak Allah khayr akhi.


Abū Bakr ibn Abi Maryam reported that he heard the Messenger of Allah say:

"A time is certainly coming over mankind in which there will be nothing (left) that will be of use (or benefit) save a Dinār (i.e., a gold coin) and a Dirham (i.e., a silver coin).” (Recorded in Musnad Ahmad)

[This prophecy clearly anticipates the eventual collapse of the fraudulent monetary system now functioning around the world.]


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