Thursday, June 23, 2011
by Shaykh Dr. Abdalqadir as-Sufi - 22/06/2011
There is war in Libya and in Afghanistan. Muslims there are being daily slaughtered on an authority from the political class, men who wage war by proxy and at a safe distance. Look at the two faces of the Defence Ministers of the U.S. and Britain – look carefully at their mouths. These are cowards, cowards sending the best of their people to die. The first of these wars is to claw back Libyan oil into the U.S. system and the second, already failed, is America’s last Asian territorial gamble.
The uprising, after forty years of submission to dictatorship in the Arab world, is presented as a ‘Revolution’ on world media, but power has not changed hands and wealth has not changed hands. It takes only a degree of calm to recognise that what has been happening in Egypt, Tunisia and Yemen is precisely that same uprising of the masses in Greece, Portugal, Ireland, Spain and Britain. Penniless mobs informed that they are in debt by billions.
No‐one, not one kafir intellectual has grasped that the mechanism of their disaster is not a breakdown of a system, but the logical and mathematically inevitable completion of its programme. It is a process of expropriation, seizing lands, commodities and peoples. The expropriators are an oligarchic class comprising bankers, media and corporation chiefs, its servants are the under‐class of politicians.
What is being played out now, with massive power‐shifts inside the system – emergent power groupings in China, Brazil and India, each with billions of enslaved ‘citizens’ – is not an evolutionary process of growth. It is, rather, a Darwinian descent into barbarism which already indicates the beginning of the end of the species. It is not because of the cruelty of the oligarchic wars, Tacitus found this in the Rome of the Empire. It is because of the breakdown of human relations, of family, of transmission, of evaluation. It is in the reinvention of manhood and womanhood. It is in the smashing of the infantile bonding between mother and child. It is in the indifference to the animal kingdom and any sense of man as its guardian. The Chinese are eating the cats and dogs and imprisoning the great bears to extract their bile. The Congolese are eating the great gorillas, last witnesses to the compassionate bonding between parents and offspring. It is in the Japanese corporation wiping out the blue fin tuna and stocking them in order to corner the market for the elite.
It is an end. It could be the end of the species and it has now been demonstrated that the very earth environment stands in peril.
Heidegger declared that after the debacle of the Twentieth Century the time had come for a new nomos on the earth.
The time for the renewal of the Deen of Islam has come.
Forget the massive ignorance of Islam in media and academia. Forget the brilliant projection of Islam as terrorism, the enemy of mankind.
Forget the model of ‘good Muslims’ – isolated individuals who believe in God and are no bother to anyone – least of all to the financial markets, except to profit on halal food sales.
Any book published after 1945 and the meeting of Roosevelt and Ibn Saud at which the protocol to abolish a collected Zakat and accept payment for oil in dollars was fixed – must be rejected.
It is not just the media and the Western political ministers who do not know what Islam is – it, alas, is the vast majority of our falsely educated ‘ulema, taught where the ‘Amr was kafir.
Finish with the already out‐dated modernists – the fate of the modern – and let us re‐discover the Deen in its glory.
Finish Maududi, finish the Qutbis, finish the Wahhabis and Ikhwanism. Finish with the fantasy that the Shi‘a are an Islamic sect.
The two obstructing doctrines over the last decades have been both extremist.
On the privatised heresy is the Princeton scripted doctrine of anti‐ Khalifal Wahhabism – ‘Kitab wa Sunna’ – that is ‘nice Islam’ founded on submission to capitalist monetarism.
On the political heresy is the dismal child of Egyptian modernism – redefining Islam as a socialist democracy. One fevered Egyptian even wrote a biography of our Prophet, Allah’s blessings and peace on him, subtitling it ‘Statesman and Prophet’! Its slogan was ‘The Shari‘at’ – by that they meant Islam was a doctrine of political governance – the ideal version of the Western model. From them was born the insulting term – Islamist – thus reducing a religion to a politique – communist, capitalist, Islamist.
To begin, therefore, to have Fatihah of knowledge, let us restore what our centuries of great scholars from the Himalayas to the Atlas to the Granada Sierra have always known to be the matter of the Deen. Like our Double Shahadah it has two parts.
Let me precede this unveiling with a direct proof from my own experience.
In the early sixties of the Twentieth Century, following the command of my noble Shaykh, Muhammad ibn al‐Habib, I had the scholars among my Fuqara, the now eminent Shaykh Abdalhaqq Bewley and his wife Hajja Aisha Bewley, translate Imam Malik’s ‘Al‐Muwatta’. Determined that the translation be accepted I asked the Director of the London Islamic Centre, Dr. Badawi, to give us an ‘Ijaza. He assigned the task to two Sudanese ‘ulema as they had both perfect English and Arabic. The ‘Ijaza seemed to be taking ages so I went to see Dr. Badawi and asked him what held us up. He explained that the Sudanese scholars were having difficulty with the terminology of the main text. When I expressed astonishment at this he explained: “You see, the main body of the second part of the text concerns commercial and business transactions and these ordinances have not been used for a hundred years!”
That was the first indication that the Deen itself had been obscured by political malpractice. It explained the dominance of Mustafa Kemal and Ibn Saud, both, who had crossed over to the other side, making the forbidden permitted.
It took me half a century to see it all clearly, so cleverly had we been duped. Still I moved in a world where rich Muslims seemed not to have the slightest qualm about banks, interest, kafir corporate law and worthless tokens of debt‐receipt called currency. The world ‘price’ of gold was translated into numbers on a daily basis by a money‐lender in London.
As the enormity of the crime and greed of the post‐Wahhabi governors of the Muslim world collapsed in its last phase, the Muslim youth, driven to desperation, swung from the one extreme to the other. They called for Shari‘at, and that meant strict puritanical obsession with covering women in black bags and imposing a powerful political leadership. With the dialectic that the Muslims were corrupt, meaning Saudi‐based Americanism, they veered to the Shi‘a anti‐Islamic view that all the ‘Muslim regimes’ were kafir. Soon the Isma‘ili doctrines of suicide revenge became the modern translation of Jihad fisabilillah. From Rabat to Jakarta the cry went up for ‘Shari‘at’. The licensed killing of innocent Muslims living ‘inside’ capitalism was instituted. Ironically, the leader of the rebellion, the old man hiding in the Himalayas, got all his money from his father’s oil‐dollars!
The Deen, as it is declared in a renowned Hadith, is MU‘AMALAT. In other words Islam while making supreme governance Khilafa, as categorically insisted on by Imam al‐Qurtubi, leaves the issue of local governance an open matter. What is non‐negotiable is the Deen itself. And the Deen is Mu‘amalat.
Islam is transactional.
All ‘Ibada, the first half of the Deen, is expressed in fiduciary metaphor, debt, profit, gain, loss – all these indicate the spiritual transaction.
All Fiqh regulates every single fiduciary event as a spiritual metaphor.
It is in its totality a socio‐financial system devoid of usury, abhorring stored wealth, inviting expenditure, and looking on debt as dreadful. He said, Allah bless him and grant him peace: “A debt is the shame of the Deen.”
Someone remarked: “How often you seek refuge from debt.” He said, “When a man is in debt, he will speak and lie, promise and break his promise.”
The present kafir system of banking capitalism has plunged the whole world’s population into debt. As of writing, the only country free of debt today is Libya!
Saturday, June 11, 2011
The combination of $trillion bond fraud, dependence on inflating home equity for economic development, oversized cars, oil dependence, constant market intervention, insolvent banks, insolvent homes, outsourced industry, endless war, budget deadlock amidst runaway deficits, raided US gold treasury, mammoth future benefit obligations, and handing over the keys at USDept Treasury to Goldman Sachs has left the United States to fend off systemic failure. The creeping price inflation that stems from USFed hyper monetary inflation and total ignorance on basics of capitalism like business formation have left the US vulnerable to disorder and chaos. The chaos in fact grows with the passage of time and the ruin of money, against a background of a cruel middle class squeeze. With one citizen in seven on food stamps and over 22% of the population jobless, the sunset of the American Empire is well along. The banker oligarchs are gradually killing the nation, its democracy, and its wealth engines during a sustained strangulation process.
UNDERWATER NATION THAT CANNOT SWIM
Comments by economists continue to center on consumer spending and desired job growth, without any mention of business investment and reduced regulatory impediments. The nation has no clue among leaders to engineer a recovery. Tragically, it is not possible unless the housing market rebounds convincingly, and unless the big US banks are liquidated. The negative momentum is so grotesque. It is like a man sliding backwards on a steep icy street with no objects nearby to grab. The remarkable fact in my view is that so many trained economists and market mavens are shocked that the USEconomy is entering another recession. They must have considered Clunker Car program, New Homebuyer Tax Credit initiative, and the General Motors bailout all to be genius concepts. They seem poorly trained in capitalism, and well trained in asset inflation management laced with public indoctrination. To the sound money crowd, the degradation was obvious. The landscape is taking on the same look at mid-2008 when all hell broke loose on the financial and economic fronts. It should not be so surprising, since nothing has been fixed.
Innovation remains prevalent among technology and telecommunication firms. Too bad so much of the product output is done by US subsidiaries in Asia. The USGovt leadership thought a green revolution would make for a solid initiative until it realized that most of the purchases would come from Asia. The high speed rail projects almost all involve Chinese equipment. The US is so badly on a slippery slope, that a simple debt default might be the best of outcomes to hope for, given the nasty added ramifications that could come from chaos. The main location for innovation within the USEconomy seems to be in financial fraud and military weapons. Former USFed Chairman Volcker once accused the financial industry of having only one productive innovation in three decades, the automatic teller machine (ATM), a scurrilous accusation indeed.
The American people, having been exposed to a powerful cost surge, futile compromises to address the USGovt budget deficits, profound mortgage fraud, a series of fixes without solution that are disguised elite banker redemptions, tremendous waste of over $2.5 trillion in various policy initiatives, exemption from Wall Street prosecution, chronic housing market decline, and phony economic statistics, are awakening to the reality of a systemic failure USEconomy, punctuated by a USTreasury Bond default. The preliminary signal is full isolation by the USFed as sole buyer of USTreasurys at USGovt debt auctions. They are currently buying about 80% of USGovt debt at official auctions. Many dopey analysts have put forth the notion, even within the gold community, that a debt default is impossible given the control of the global reserve currency to cover the debt. This is shallow thinking in my view. Once the USFed and its monetary engines are exposed on the world stage to rely upon hyper monetary inflation to sustain the broken USGovt financial contraption where fraud and war and insolvency are the three passengers without a driver, the USDollar will be punished, avoided, and become the object of even more profound revolt. The leaders can swim only if they push others in the pool underwater. Most debt default starts with a nasty run on the currency.
The underwater nation suffers from massive insolvency in the banking sector. Three bad jokes are played upon the US public. 1) They are told that the banks hold large Excess Reserve accounts at the USFed, earning interest income. Lie! The funds are Loan Loss Reserves moved from the banks to the USFed, where the central bank is hiding its own insolvency. The banks will need those funds to cover losses. The USFed by loose calculations is between $1.4 trillion and $1.8 trillion in the red, mainly from purchasing overpriced mortgage assets, some of whose leveraged items are totally worthless. The housing market is not coming back. The USFed itself is starging at the abyss, and might resign its commission. 2) The big US banks claim also that they have tightened their lending standards. Lie! They are insolvent and therefore must reduce their lending on a grand scale. The big US banks are in possession of far less capital than they claim, thanks to the FASB accounting rule change put into effect in April 2009. Their plight worsens. They cannot dump REO bank owned homes on a depressed market. The big US banks are trapped in an extreme and worsening condition, insolvent to the tune of $3 trillion. The FDIC pretends to have funds to support over $7 trillion in banking deposits, but their insurance fund has long been depleted. The MyBudget360 outfit does great work in analysis of the housing market and mortgage finance. See their chart below on bank balance sheet over-statement. 3) Lastly, US corporations we are told own huge cash balances. Lie! Their foreign subsidiaries command the cash, and it will not be put to work on US soil, even with handsome benefits to repatriate the funds. Business prospects look horrible in the United States, the land of fraud, insolvency, and war.