Listen to the proceeds of The 11th International Fiqh Conference in Cape Town, and in particular to Dr Habib Dahinden’s utterly lucid exposition of exactly why we are experiencing the crisis that we are. Audio only at present. I believe that the transcripts are going up soon. But it is well worth listening to.
http://www.shaykhabdalqadir.com/content/conference2008.html
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Abdassamad Clarke is from Ulster and was formally educated at Edinburgh University in Mathematics and Physics. He accepted Islam at the hands of Shaykh Dr. Abdalqadir as-Sufi in 1973, and, at his suggestion, studied Arabic and tajwid and other Islamic sciences in Cairo for a period. In the 80s he was secretary to the imam of the Dublin Mosque, and in the early 90s one of the imams khatib of the Norwich Mosque, and again from 2002-2016.
He has translated, edited and typeset a number of classical texts. He currently resides with his wife in Denmark and occasionally teaches there.
14 May, 2023 0:03
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Not sure if you know but this video available at google explains it very well, worth spreading it about:
Money As Debt
http://video.google.co.uk/videosearch?q=debt+as+money&hl=en&emb=0&aq=1&oq=debt#
My question about the use of Gold and Silver as money is that currently the price of Gold and Silver is manipulated by the money masters and they have confiscated and hoarded the gold and silver, if we start to use them we are still dependent on them to withhold supply or they can raise the price making it impracticle to exchange fiat money for Gold and Silver.
What would happen if the gold snd silver shortage occured, where would the extra money needed to oil human trade and transaction be come from?
The video is very good indeed.
But remember about the price of gold, that it has retained its value throughout more than 2000 years, as is evidenced by a hadith in al-Bukhari and by Dr Dahinden’s account of the purchasing power of such a coin in Roman times.
Don’t worry too much about what-if scenarios. Let us deal with what is front of us.
The truth is that we are not bound to gold or silver as currency, and can use anything that has substantial reality in itself, anything, that is, apart from promissory notes such as modern banknotes. Anything of real value that people commonly accept can be currency.
Do not attribute too much power to money masters. Their current almost total dominance is not because they are all-powerful beings, but because human beings are asleep or in a hypnotic trance.
As-salamu alaikum,
Abdassamad