The Theft of Nations: Returning to Gold |
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Page 50
Returning to Gold Ahamed Kameel Mydin Meera. As for lending and borrowing at interest , a country should be wise enough not to borrow foreign fiat money at interest . By borrowing internationally at interest a country effectively passes ...
Returning to Gold Ahamed Kameel Mydin Meera. As for lending and borrowing at interest , a country should be wise enough not to borrow foreign fiat money at interest . By borrowing internationally at interest a country effectively passes ...
Page 55
... borrow more cheaply from both the fixed and floating rate markets compared with corporation B. In the Islamic fixed rate market A can borrow at 8 per cent per annum while B can borrow at 9 per cent , a difference of 1 percentage point ...
... borrow more cheaply from both the fixed and floating rate markets compared with corporation B. In the Islamic fixed rate market A can borrow at 8 per cent per annum while B can borrow at 9 per cent , a difference of 1 percentage point ...
Page 56
... borrow much more cheaply in the floating rate market , it therefore has a comparativ e advantage in the floating rate market . The difference between the differences is 3 % - 1 % = 2 % . This 2- percentage point is the arbitrage " pie ...
... borrow much more cheaply in the floating rate market , it therefore has a comparativ e advantage in the floating rate market . The difference between the differences is 3 % - 1 % = 2 % . This 2- percentage point is the arbitrage " pie ...
Contents
Stakes in the Current Global Financial System | 3 |
SeigniorageThe Instability and Unjustness of the Fiat | 29 |
The Theft of Nations | 43 |
Copyright | |
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2002 International Conference Allah arbitrage arbitrage profits banking system basically benefit bilateral borrow cash flow cent central banks collapse complementary currencies Conference on Stable countries create money current monetary system debt default depreciate developing nations Diagram domestic transactions e-dinar economy example exports fiat currencies fiat monetary system fiat money system financial system floating rate market foreign exchange risk futures contract Gago and Sago Global Monetary System gold as money gold coins gold payment system gold price governments hedging Hence implement the gold increase interest charges interest rate international financial institutions international reserve currencies international trade intrinsic value Islamic banking Islamic Gold Dinar KLIBOR Kuala Lumpur loans Malaysia million gold dinar money created money creation money supply multilateral trade multiple deposit creation national currencies problems reserve currencies reserve requirement ringgit rupee seigniorage Singapore dollar speculation and arbitrage Sukus thereby U.S. Dollar wealth and sovereignty