Article: How to revolutionise Economics
MMJ
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How to revolutionise Economics, Banking and Introduce new Monetary Reforms when tired old views are still being peddled?!
MMJ's comment to above article
The real problem with the economy is because the nation depends on people called Economists who merely regurgitate what misknowledge the Riba Masters have imposed on humanity. It works like this, the Riba Masters set what system they want the world to practice. First they want a system where Riba rules the world. Then they want a system where the Creators of Money are banks.
Money which are numbers in current accounts which they can just create whenever they gives a loan. This forms 93%-95% of money in all nations. This they have achieved. Banks' business is lending with interest which guarantees profits for the banks' business. And allowing the banks to create the money they lend is the coup de grace they achieved. Allah swt declares interest haram; we have Courts that punish you if you don't pay back interest to the banks. How do they then ensure this system is perpetuated.
From the money system they move to the education system. They have to create a subject where people will appear clever teaching a subject which upholds interest and all the misknowledge they want spread. They found it in the subject Economics. A subject which reaffirms all the principles the Riba Masters want. Economics tell the world moving interest up and will solve all the nation's problem. This is of course not true (see article "Economists" in the International Movement for Monetary Reform website https://internationalmoneyreform.org/news/2023/12/economists/) The
Economists also sweep under the carpet the damage banks' money creation can do to the economy by declaring banks are neutral movers of funds from deposits to loans. They should be shot for this misinformation! But since the whole world has swallowed this nonsense hook line and sinker, even awarding a Nobel Prize to the purveyors of such misknowledge what can ordinary people do?! In the mean time banks create havoc to the economy. Sure they do lend some to the real sector but its their chettiar behaviour that dumps permanent inflation and other problems to the nation like youth and graduates unemployment, rocketing house prices, widening poverty gap. And to hide real inflation they connived with the Statisticians to make inflation seem low by calculating inflation in a year instead of setting to base years. So we hear inflation numbers of 2% or 3% only instead of the real 50%-100% if they announce inflation set to base years.
And the real coup de grace is to get Central Bankers to be the foot soldiers of the world Riba masters in their own countries. The whole problem is hidden to the ordinary people of the country and quite complicated for them to understand. And instead of educating, the education system reinforced the misknowledge desired by the Riba Masters. The Central Bankers act as double agents of the Riba Masters to ensure the system is practised in their countries. The Journalists think they have done their job when they interview the misguided Economists. And when the political leadership says the Central Bankers have the absolute freedom to do as they pleased then we know the country is really up the creek without a paddle. Pity the ordinary people of the country.
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Dikemaskini [Updated]: Sam Ahmad 20240304