Posts Tagged ‘Financial’

Most people know something is wrong. They… no, we… feel it in our gut.

Unfortunately, though, most of us are distracted, so we tend not to see it. And when we do see it, if we don’t understand it, we tend to move to something that is easy to understand… something emotionally easier to handle. It’s easier to blame them. It’s easier to have a scapegoat or to look to someone who is far worse off than ourselves. Rather than trying to understand what is happening.

Watch this video about what is happening to the fabric of American society.

The Arab Spring, the riots in London and Greece, the bailouts of governments by the European Central Bank, the wars in Iraq, Libya, Afghanistan, and the countless other places we have invaded have nothing to do with al-Qaeda or Muslim extremists or loose immigration laws or any other convenient “other”. These things have to do with our financial system and the control of resources. Until you wake up to that fact, you will continue to feel that dull ache in your belly. When you get a moment of stillness, you will quietly wonder what is happening, until something comes along and distracts you yet again.

“Gold is in a bull market but central bankers do not want the public to buy physical gold and silver to hedge against inflation and deflation or hyperinflation.”

Here are some sources I trust:

• Gold Money – overseas vault storage and allows you to withdraw in other currencies
• APMEX Gold and Silver
• Golden Eagle Coins – or any local coin collector, really
• Gold Silver – a good source of info and you can buy precious metals (but it’s a tad pricier)
• Again, I would NOT touch ETFs like GLD at all. Stay far, far away.

Although some Brothers and Sisters expressed concern about GoldMoney.com citing fatawa (Jazakum Allahu khairun to all of you), but there is a big misunderstanding. GoldMoney.com does not allow you to pay now and actually get the gold later. Instead, you are transferring money into your account. It lives in your account much like your (fake, fiat) dollars live in a bank account now. Once the dollars are in your GoldMoney account, you can then buy gold, silver, palladium, or platinum with it. The moment you buy it, it is yours. Granted, you are not touching it when you buy it, but there is no time delay.

Here is the fatwa cited: http://www.islamqa.com/en/ref/65919/gold

And here is one of the comments (from an anonymous reader): “My friend, be careful when dealing with these gold websites. I am not in a position to say this because I do not know any fatwas related to this but from my knowledge when trading in gold the transaction must happen immediately, the money payed and the gold received, otherwise it is not lawful. Please look further into this because I don’t know whether ETF’s are halal or haram.”

Again, jazakAllahu khairun for your comments. I advise all of you to consider owning gold, but to look into the Islamic rules regarding the proper way of doing so. Allah knows best.

Step 1 Government to take money from pension funds – Check

Step 2 Higher taxes on 401K & IRAs disbursements

Step 3 Force people buy treasury bonds (government debt) with their 401Ks & IRAs

Along the way the news will be dotted with distractions… real & made up.

Make sure you check out the details of the pension raid and how to protect your wealth at GoldSilver.com.

Now, hey… Most of you know that I’m no fan of the far right or the far left for that matter… (I’m like morally on the right, culturally & foreign policy on the left, and probably financially radical… so no party represents how I feel or think… but I digress)

Chicago protesters voiced concerns over bailouts and how the financial situation is being addressed. It was completely ignored by mainstream media.

Anyway, although I am no fan of the far right, that a protest of this magnitude in downtown Chicago was ignored by the media is an injustice. There were some other parts of the political spectrum in there as well (since most people were never told why bailouts are viewed as necessary… most of us oppose them)

Here’s the link: Chicago Protests

Instead of ignoring the protest, engage it… address it… answer peoples’ concerns. It’s impossible to please all of the people all of the time, but at least listen to and honestly consider their concerns. If you still think your stance is correct, well, at least you reflected on it.

Ignoring the concerns either depresses or radicalizes people. It certainly doesn’t win their trust.

Here’s the link: Chicago Protests

Let me just say this… Obama inherited a horrible situation. I wouldn’t want his job, because I’d never sleep at night (I’d probably be awake vomiting between prayers… the responsibility is immense… I hope he feels it. And I wish he would read and reflect on the inaugural address of Abu Bakr (the first khaleefah after the death of the Prophet, alayhis-salaam)… I’ll find the translation & post it in a day or two, insha’Allah.

** Footnote: BTW – Just so you don’t think I’m some whacko that will take matters into his own hands… I said “financially radical” because I think interest is included in the usury of the Old Testament and riba mentioned in Qur’an. Interest-based economies are what I take issue with.

I do not mean to inflame an already uncertain and fearful public, but when you look at history, economic decline preceded the major World Wars. Well, this article from Dr. Frederic F. Clairmont (a prominent Canadian academic and researcher) cites several factors – Arms Races, Israel and the Middle East, US-China Relations, the financial markets, and the dynamics of overproduction. When taken together, these things point to a potential for war on a large scale.

But then again, take a look at the world right now… there already is war on a large scale.

Anyway, here’s the link: Is A Major War A Possibility In 2009? The Historical Antecedents

Keep in mind though… we should not be worriers, talkers, or time-wasters. Worrying about these things, wasting time discussing world politics in our gatherings, etc… all useless. What we should be worrying about are the things we can control and the things we will be asked about on the Last Day. Financial crisis, Sino-US relations, arms races, political outcomes in Israel… I’m not going to be asked about any of those.

In fact, now that I’ve typed this… it got me thinkin’ about some of the things I will be asked about. And one of those things is my relationship with my neighbors. I’m going to invite my neighbor over for dinner… finally, after 5 years of living here. What are you going to do?

My electric bill was triple what it was two years ago. Gas prices are almost triple what they were three years ago. Candy bars, milk, education, etc. They’re all higher in price… not because they’re any more valuable today than they were before… not because the companies are greedy… Nope. Our money is worth less.

You might want to watch this video on the devaluing of US currency…

Check out this Google video on the history of money and debt.