At the airport a month or so ago, I had the misfortune of being bombarded with wall-to-wall CNN broadcasts about China’s “new direction”. I swear they must have a special airport-feed version of CNN designed specifically to implant concepts into the minds of weary travelers. The bit that I heard (I tried to avert my [...]
Category Archives: Government & Power
Lending, Secret Societies, Canon Law
October 15, 2007 – 1:49 pm
Another set of threads to tie together out of recent conversations here:
Religious/ethical prohibitions against usury
Role of the Knights Templar and consequent secret societies in the origins of modern banking
Obviously, when it comes to secret societies, reliable information is exceedingly hard to piece together. But we could sketch out a tentative line of descent from the [...]
Hawala & Islamic Prohibitions on Usury
October 15, 2007 – 1:28 pm
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 [...]
Ron Paul on Federal Reserve
October 15, 2007 – 11:41 am
Lifted from here:
On April 28, 2002, Congressman Ron Paul said in a MSNBC television interview, “Without the Federal Reserve, our money could not be inflated at the behest of big government or big banks. Your income and savings would not lose their value. Just as important, we wouldn’t have this endless string of booms and [...]
Hawala & Al Qaeda
October 12, 2007 – 3:32 pm
Hawala (or hundi) is a system of trust-based financial transactions which exist outside the dominant financial system, circumventing both banks and government regulation. Wikipedia calls it an informal value transfer system.
CBC has an excellent introductory article on how the centuries-old system works:
What is a hawala?
Hawalas are unregulated international financing networks. Hawalas are not limited to [...]
