Article: Story from alumni group
MMJ 2024MMdd
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Overheard in a school alumni group
1.Banks give loans from deposits but not all the deposits are cash. If BNM sets the Loan/Deposit ratio at 80% then 80% of the deposits banks create out of thin air. In other words, banks can create money out of thin air i.e. numbers money in bank accounts that moves from bank account to bank accounts. For every RM20m they collect in cash they create RM80m out of thin air to give loans. Can be proven in numbers. A fact Confirmed by Bank of England, European Central Bank but unexplained by BNM.
2. The next problem is the banks give 65% of these loans to personal loans, credit cards and personal sector creating new money out of thin air leading to permanent inflation stealing purchasing power from the people while raking in RM44 billion pa undeserved profit. With just a little bit of thought we can do the money creation ourselves i.e. the nation. But the Riba Masters have brainwashed people to say Zimbabwe as if people are stupid enough, we can't solve that. Every government since Independence has failed to grasp this. Academia worship Western views so much they never make the effort to think this out. Internationally the world has woken up to this fraud but here we are still comfortable to remain unthinking in 2024. Our leaders should start thinking as demanded by the Quran. Afala Tatafakkarun, Afala Tazakkarun, Afala Tubsirun wa afala ya Tadabbarun. There is no danger of this or that. Learn, research, and think! The monetary reform can be done successfully, domestically in sya Allah without touching international currencies at this stage.
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Dikemaskini [Updated]: Sam Ahmad 20240131