Rodney Shakespeare's introduction here outlines the most elementary explanation for how national/central baning should function. There is absolutely no ability for fractional reserve based, interest bearing private central banking schemes to create a world of justice; their very notion is Haram although it is the only model taught in the textbooks of colleges across the world. Please listen and try to understand the distinct difference between his argument as holding a solution versus the complaining of Austrian's looking to profit off the crash by going into precious metals. It is a distinction that is of utmost import. I have also embedded a very well outlined discussion of "endogenous loans" as an alternative mechanism for infrastructure and national development. It is the model shariah compliant scholars should be calling to. Unfortunately, they are bought and paid for by those that need them to sanction their fraudulent products. Rodney Shakespeare represents one of the only voices calling to the solution (notice 'the' which means there are not other alternatives) for pulling the world from civilizatonal collapse. Please familiarize yourself with his other work as well.
Rodney Shakespeare - Exogenous Central Bank Loans
0 comments:
Post a Comment