Time to wrap together a few threads we have been following lately…
- Combine this article on the Islamic practice of Hawala or Hundi, exchanging money outside of the control of centralized banking institutions or governments - relying instead on trust networks.
- Tie that thought together with Islamic prohibitions on usury, or lending money at interest.
In the first article, I speculated that the real reason behind attacking ‘Al Qaeda’ as an entity was to discredit and dissolve Hawala-based financial networks, and gain a larger slice of economic control over the cultures and communities who operate outside of mainstream financial institutions.
The point that usury is forbidden in Sharia (Islamic law) could be seen as a supporting argument for this hypothesis. That is, you end up in the Muslim world have a huge number of people who (1) aren’t using banks to store and exchange money and (2) are ethically opposed to charging interest. What does that amount to if you’re a giant multi-national banking corporation?
A whole hell of a lot of money you could be making gets flushed down the shitter!
Now imagine you are a huge bank whose economic weight helps prop up one or several governments or nation-states around the world. Are you going to try and influence the policy and decision-making of those governments in such a way that you can hopefully open up new markets through legally and militarily inhibiting people from using financial systems which you do not control?
YOU BET YOUR SWEET BIPPY!
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ASSOCIATED CONTENT @TMBCHR (Auto-Generated)
- Mexican Money Ethic
- Lending, Secret Societies, Canon Law
- Why Is Usury Wrong?
- Knights Templar, Hawala & The Origins of Modern Banking
- Religious Prohibitions Against Preserving The Moment
One Trackback
[...] Compare this to the Hawala system in Islamic cultures. Both groups know something about “shared value communities” that whitebread middle class Americans clearly do not: EL RODEO, Mexico: For years, millions of Mexican migrants working in the United States have sent money back home to villages like this one, money that allows families to pay medical bills and school fees, build houses and buy clothes or, if they save enough, maybe start a tiny business. [...]