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| Joined: | Mon Nov 21st, 2005 |
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On Wednesday, April 27th, just four days before Bin Laden was killed, a new Public Enemy No.1 held his organization’s first ever press conference. Federal Reserve Chairman Ben Bernanke told the world that the United States would continue its low interest rate polices and, in effect, continue to flood the world with cheap money.
If there is such a thing as a competition working then there will be a force working whereby the competitors are forced to offer higher quality at lower cost, failing to do so, moves power to the competitor that does not fail to do so, as each individual chooses higher quality at lower cost.
A. Higher quality at lower cost
B. Lower quality at higher cost
Which is chosen when competition works?
If lower quality at higher cost is chosen, ask anyone, why?
Hi
Hi
How are you?
I am fine.
Why did you choose lower quality at higher cost?
What?
Why did you choose lower quality at higher cost?
What are you talking about, are you nuts?
No, I'm just asking, to find out, so as to know, so as to avoid making false assumptions, so, why did you choose lower quality at a higher cost, when you picked the money you prefer to use?
You are nuts.
I rest my case?
What is the quality of money?
What is the cost of money?
Why do people fail to understand money?
Example:
On Wednesday, April 27th, just four days before Bin Laden was killed, a new Public Enemy No.1 held his organization’s first ever press conference. Federal Reserve Chairman Ben Bernanke told the world that the United States would continue its low interest rate polices and, in effect, continue to flood the world with cheap money.
Is it me?
I'm going to check to see the latest news according to a Google Search concerning the competition between Islamic Finance money and the competition.
I am going to do that so as to measure, if it is possible, to measure the gains being made by a money producer, on the Global Market, whereby this money producer network, is constituted as a money that does not pay interest, and does not pay interest because the people connected in this network express the idea that interest is immoral, wrong, or even criminal.
These people, connected by this idea, that interest is criminal, may be right or wrong, left or right, and that doesn't matter for this measure, for this measure what matters is the force of competition.
Which money product is the higher quality product, at the lower cost?
A. Islamic Finance (which does not charge interest)
B. The Competition
Finding out why the cost of this money is low is another thing on the list of things to do, while knowing that the cost of this money is rock bottom, or competitively at the lowest possible cost, is a measurable fact, not an assumption, and not necessary to know why it is rock bottom, if the idea is to see who is winning the competition, who is gaining the most market share, who is offering higher quality stuff, at a lower cost.
Cost is low.
How about quality?
The quality factor is also knowable, measurable, as a secondary consideration, in the realm of "why" a competitor is winning the competition. The measure of winning, the measure of who is gaining the most market share, is what it is, and another thing, such as why a competitor is gaining market share, is another thing.
A. Who is gaining the most market share
B. Why is that competitor gaining the most market share
I can type in a Google Search the following words:
Islamic Finance Market Share Gains
I will do that now.
I get about 2 million results for that search, and I can browse through the first few pages so as to find something that may measure the money market competition as Islamic Finance, without interest, offers a competitive money to the Global users of money.
Here goes.
http://dinarstandard.com/challenges/islamic-finance-years-away-from-its-ideals/
That is old news, but I picked that source because the introductory summary reported on the Google Search page appears to address the context of my writing here, and I can confirm that the current measure of how well, or how poorly, non-interest bearing Islamic Finance money is performing against the competition, is not going to be reported in a report that is dated in 2006.
A relevant quote from the link above:
Despite the much touted $250 billion or so in assets under management at Islamic financial institutions the industry as a whole is undergoing a considerable amount of soul searching.
That link offers a measure, converted to dollars, which is itself a measure, since it isn't converted to Euros, or Yen, or Yuan.
I can't find any recent news.
2007
http://www.alhudacibe.com/newsletter/1march-07/emerging_market_12.html
Saudi Arabia's Al Rajhi Bank, the world's largest Islamic banking group, yesterday unveiled an aggressive plan to expand its operations in Malaysia to 50 branches by 2010. Al Rajhi has set up 12 branches since it opened for business in Malaysia with a soft launch in October last year. The bank was formally inaugurated yesterday.
How about cutting off the word Gains from the Google Search?
http://www.islamicfinance.de/?q=node/1460
Islamic finance in Algeria has 15 % market share
Mon, 11/08/2010 - 14:06 — IslamicFinance.de
Currently three Islamic financial institutions exists with a market share of 15 %: El Baraka Bank, Salem Banque and Salama Assurance. The figures are quoted by Hideur Nacer, secretary general of El Baraka, saying that the sector is about Dinar 100 bn annually, 15 % of the private market and 1.5 % of the public sector market.
Enough of that? Here is the thing: I am only connected to the network that is the Global Financial Network via Google, and via my use of the dollar currency. I am not privy to the most accurate numbers that report gains and loses of each competitor, and my concern here is such that Islamic Finance fails to be reported, as if it does not exist, in Main Stream News.
Why?
http://www.islamicfinanceasia.com/article.asp?nm_id=18651
Not to say that Indonesia�s Islamic banking and finance sector is even anywhere close to being shabby � so far, the industry has witnessed IDR7.73 trillion (US$864.16 million) in corporate Sukuk issuances, comprising 45 corporates since 2004. However, this still only represents 3.3% of the nation�s total market share on a macro level.
For your consideration:
My view is such that The Dollar Hegemony Legal Crime competitors have accurately identified the potential demise of their monopoly power as Islamic Finance continues to gain market share by offering higher quality money at a lower cost.
This has nothing to do with the fact that the producers and consumers of the competitive money practice a religion other than Christianity, and this has nothing to do with the fact that the producers and consumers of the competitive money are genetically constructed as a different race other than Anglo Saxon.
On one side of the power struggle are those who are networked into the connection of dollars, which are produced by the people who run The Federal Reserve legal extortion racket, and on the other side are all the people who are working toward disconnecting from that dollar network.
The Dollar Hegemony is on one side, and on the other side are all the people who are working toward avoiding the cost of being connected to The Dollar Hegemony.
One of the major networks that are making gains in the work of disconnecting from the costs of being connected to The Dollar Hegemony is Islamic Finance.
Headlines:
The Dollar Hegemony accurately identifies a major power gaining ground in the struggle to avoid victimization by The Dollar Hegemony, and that powerful major power is called Islamic Finance.
The reason why that is not a message that is broadcast by anyone other than me, in that way, is unknown by me, and for it to be known, someone else would have to confess why they do not report the news in that way.
If someone does figure out a way to defend against victimization by the people who run The Dollar Hegemony, then such a way to defend against victimization by the people who run The Dollar Hegemony may spread to other people, and then such power spreads exponentially. One person tells two people. Two people tell two more people. The way to avoid victimization by the people who run The Dollar Hegemony becomes a competitive force, a force that becomes powerful enough to take down The Dollar Hegemony, rendering The Dollar Hegemony powerless.
What happens to people who can see this coming, and what does a person who is heavily connected to The Dollar Hegemony do, once such a person does see this coming?
Does such a person spread the news, or does such a person move his measure of surplus wealth out of dollar denominations first, before spreading the news?
Those who move their measures of surplus wealth out of dollar denominations last, are those who are left holding the bag, and the bag is empty, or worse, the bag is full of fecal matter, and the smell is difficult to remove, the smell of fecal matter lasts a long time, and it can't be scrubbed off with detergent.
Gold is not a currency, Silver is not a currency, a currency is liquid, the more liquid the better, liquidity is a quality of currency, more so than liquidity is a quality of Gold or Silver money, business thrives on high quality and low cost currency, the best does the job, the worst costs too much.
These are just words.
Here are the numbers that count:
http://www.usdebtclock.org/
Islamic Finance may not be a contender to that throne, the throne that is measured with those numbers linked at that web site. You may not have a choice to get your surplus wealth out of dollar denominations before the fecal matter truly hits the fan, and move your surplus wealth into Islamic Finance, even if you wanted to, which is a long shot, a stretch of my imagination, but what are your choices, assuming that you can even recognize a need to choose something before you have no choice?
Gold?
Silver?
Solar Panels?
Electric Cars?
Food?
Bullets?
A good book or two?
You may be in a similar state of your own Union as many are, whereby your surplus wealth is non-existent, where your surplus wealth is negative, where your surplus wealth is a surplus of debt that everyone, and their mom, says you owe to someone you don't even know, more debt than the debt that you think is accurately, and legally, recorded on a mortgage, and a car loan, in the fine print, much more than that paltry sum of debt, you owe even more than that, you owe past, and current, and future tax debt, local, county, State, "Federal" (Fascist), and Global debt too.
Which measure of debt is the greatest, according to everyone else, and their mom?
Local or Global?
Check your tax returns?
What is the denomination?
Dollars?
You have surplus wealth and you may not even recognize this fact, but you may want to know that other people know the measure of your surplus wealth, your power, very well, even if you fail to recognize the measurable facts.
If you pay taxes, you are the source of surplus wealth, by that precise measure.
How much do you produce (what is your total income - denominated in dollars), what are your total expenses (how much does it cost you to keep on living - denominated in dollars), and if you subtract all your costs from your income you will arrive at a number that is either positive or negative. You are either producing more than you consume or you are not producing more than you consume, and if you are not producing more than you consume you are dying, you are failing to sustain your life, and therefore you cannot be paying taxes, your life, if it continues, will be sustained by some other person's productivity by some transfer of some kind, charity, subsidy, fraud, threat of violence, and actual violence.
Tax collectors know who produces more than they consume, that is a documented fact, it is recorded as transfers of dollars, within The Dollar Hegemony (legal extortion racket), and if you don't know, if you don't know if you produce more than you consume, you are ignorant, and that doesn't change the fact that tax collectors do know this fact.
If you do know, beyond a shadow of doubt, that you do produce more than you consume, then you can know exactly how much of your surplus wealth flows to people who you would prefer not to be getting your surplus wealth, as those people who get your surplus wealth may very well be the same people who use that power they get from you in the work of making sure that you keep sending that power to them, even if you no longer want that power flowing to them, because you know, beyond a shadow of doubt, that your power flowing to them is then used to make you suffer.
Like this:
http://www.ushistory.org/paine/commonsense/sense2.htm
Here:
Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one: for when we suffer, or are exposed to the same miseries BY A GOVERNMENT, which we might expect in a country WITHOUT GOVERNMENT, our calamity is heightened by reflecting that we furnish the means by which we suffer.
Each measure of your power, your surplus wealth, your ability to produce more than you consume, denominated in dollars, flows to people who then use that power to make you suffer that much more, each dollar, another dollar, yet another dollar, weakens you, and makes them more powerful, and you take it, and you take it, and you take it, and they want you to bend over and spread your cheeks, and they want you to thank them, or squeal like a pig, and you thank them, on cue, and you squeal like a pig, on cue, and when they ask you for your daughter, you thank them for taking your daughter, and when they ask you for your son, you thank them for taking your son, and when they ask you for your wife, you have her already for them, bathed, and scented, and you thank them, or you remind your wife to squeal like a pig when they demand that she squeal like a pig, and they they want you to dig your own grave, and you thank them for that work, you love to work for them, then they demand that you get in your grave and start filling it in, you thank them for that work, and then just before you suffocate, you realize a need to defend against them. Good luck at that time.
When you get tired of squealing like a pig, you may see the wisdom behind Islamic Finance, for those who choose it, not for you, you are Anglo Saxon, more or less, and you are Christian, more or less, and they are not, more or less, but they are figuring out how to disconnect from The Dollar Hegemony, and what are you doing?
Shooting messengers?
How is that working for you?
Where can you find a better money, and will you know one if you see it?