The Credit Crunch - An Islamic Perspective Part5
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10:01
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This presentation of Islamic banking principles points out the failings of "western" capitalistic systems was very well. The source of the problem in the Us, and any other country that permits it, is the Constitutional authority of Congress "to borrow money on the credit of the United States". This allows the creation of "money' out of thin air, which by Islamic principle is wrong. It is the source of financial slavery in the U.S.
RoySC1 1 year ago
The US has a massive debt, and it is very easy for it to wipe this debt away. What its always done and what it always will do. Print more money, and inflate the deficit away.
Completely fraudulant system in place. Not helped by the saudis who own billions of dollars of US sovereign debt, and have at least 400 billion dollars in foreign currency reserves
filmzdirect 1 year ago
Thanks alot It was very informative.
Jazak alah khair brother
mymacmymac 2 years ago