<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
	>

<channel>
	<title>Islam is My Religion - Learn Islam as the only true religion &#187; Islamic Economics</title>
	<atom:link href="http://islammyreligion.wordpress.com/category/islamic-economics/feed/" rel="self" type="application/rss+xml" />
	<link>http://islammyreligion.wordpress.com</link>
	<description>Learn Islam as the only true religion</description>
	<lastBuildDate>Thu, 17 Dec 2009 06:08:15 +0000</lastBuildDate>
	<generator>http://wordpress.com/</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<cloud domain='islammyreligion.wordpress.com' port='80' path='/?rsscloud=notify' registerProcedure='' protocol='http-post' />
<image>
		<url>http://www.gravatar.com/blavatar/e99735e1ab3e06b4b8252145dcb1d55d?s=96&#038;d=http://s.wordpress.com/i/buttonw-com.png</url>
		<title>Islam is My Religion - Learn Islam as the only true religion &#187; Islamic Economics</title>
		<link>http://islammyreligion.wordpress.com</link>
	</image>
	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://islammyreligion.wordpress.com/osd.xml" title="Islam is My Religion &#8211; Learn Islam as the only true religion" />
		<item>
		<title>Jewish Capitalists are Leech to the World</title>
		<link>http://islammyreligion.wordpress.com/2009/12/01/jews-capitalists-are-leech-to-the-world/</link>
		<comments>http://islammyreligion.wordpress.com/2009/12/01/jews-capitalists-are-leech-to-the-world/#comments</comments>
		<pubDate>Tue, 01 Dec 2009 05:56:45 +0000</pubDate>
		<dc:creator>nizaminz</dc:creator>
				<category><![CDATA[Islamic Economics]]></category>
		<category><![CDATA[Israel Brutality]]></category>
		<category><![CDATA[Jewish Capitalists]]></category>
		<category><![CDATA[Jews Capitalists]]></category>

		<guid isPermaLink="false">http://islammyreligion.wordpress.com/?p=203</guid>
		<description><![CDATA[Jews are capitalists from beginning.
For example, in Prophet Muhammad&#8217;s era, there was a Jew who owned a well. But people should pay for him to get water. Muhammad asked his friend to buy the well and let the people get the water for free.
In Islam, vast land, water, and fire (energy such as oil and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islammyreligion.wordpress.com&blog=1919183&post=203&subd=islammyreligion&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p style="text-align:justify;">Jews are capitalists from beginning.</p>
<p style="text-align:justify;">For example, in Prophet Muhammad&#8217;s era, there was a Jew who owned a well. But people should pay for him to get water. Muhammad asked his friend to buy the well and let the people get the water for free.</p>
<p style="text-align:justify;">In Islam, vast land, water, and fire (energy such as oil and coal) are belong to all people. Not monopoly by a few of capitalist.</p>
<p style="text-align:justify;"><span id="more-203"></span></p>
<p style="text-align:justify;">Jews are conquering the US’ economic system. In fact, Jews lobby with its money finance the US presidential campaign so whoever win the US presidency,  he/she will be the servant of Jews. Most of US money comes to Israel as aid. For example, US give more than US$ 100 billion to Israel.</p>
<p style="text-align:justify;">(http://en.wikipedia.org/wiki/File:US_aid_to_Israel.gif)</p>
<p style="text-align:justify;"><a href="http://islammyreligion.files.wordpress.com/2009/12/us_aid_to_israel.gif"><img class="alignnone size-full wp-image-204" title="US_aid_to_Israel" src="http://islammyreligion.files.wordpress.com/2009/12/us_aid_to_israel.gif?w=468&#038;h=382" alt="" width="468" height="382" /></a></p>
<p style="text-align:justify;">Comparing to Israel’s population which are less than 5 million people, then one people in Israel get US$ 20,000! It’s more than US people get…</p>
<p style="text-align:justify;">In Arab-Israel conflict, US government will support Israel no matter the world against Israel.</p>
<p style="text-align:justify;">Jews are parasites. Many usurer/leech are Jews.</p>
<p style="text-align:justify;">With Neoliberalism Economic system they introduced to the world, they conquered the world resources such as oil and gas (owned by the Rockefeller’s family), etc. Most of world oil companies (Standard Oil, BP, Amoco, Conoco, Exxon, etc) owned by Rockefeller’s family.</p>
<p style="text-align:justify;">While the Rostchild’s family monopoly the Banking and Financial Companies.</p>
<p style="text-align:justify;"><a href="http://www.iamthewitness.com/books/Arnold.Leese/Gentile.Folly_The.Rothschilds/13.Rothschild.control.of.raw.materials.htm">http://www.iamthewitness.com/books/Arnold.Leese/Gentile.Folly_The.Rothschilds/13.Rothschild.control.of.raw.materials.htm</a></p>
<p style="text-align:justify;">The Jews also rob people money through financial institutions they made such as Banks, Insurances, and Securities. Just look how many billions of dollars from people money robbed by the Jews through their companies such as Lehman Brothers, JP Morgan, Merril Lynch, etc.</p>
<p style="text-align:justify;">http://en.wikipedia.org/wiki/Merrill_Lynch</p>
<p style="text-align:justify;">http://www.paragoy.com/america.html</p>
<p style="text-align:justify;">http://en.wikipedia.org/wiki/Rothschild_banking_family_of_France</p>
<p style="text-align:justify;">US alone should give US$ 800 billions (it’s people money) to save USA from bancruptcy.</p>
<p style="text-align:justify;">With Stock Market, Money Market, Commodity Market, etc, Jews have converted real business into speculation/gamble business. Oil price and other commodities sky rocketing because of their speculation.</p>
<p style="text-align:justify;">http://en.wikipedia.org/wiki/John_D._Rockefeller</p>
<p style="text-align:justify;">Rockefeller and his son continued to consolidate their oil interests as best as they could until New   Jersey, in 1909, changed its incorporation laws to effectively allow a re-creation of the trust in the form of a single holding company. Rockefeller retained his nominal title as president until 1911 and he kept his stock. At last in 1911, the Supreme Court of the United States found Standard Oil Company of New Jersey in violation of the Sherman Antitrust Act. By then the trust still had a 70% market share of the refined oil market but only 14% of the U.S. crude oil supply. The court ruled that the trust originated in illegal monopoly practices and ordered it to be broken up into 34 new companies. These included, among many others, Continental Oil, which became Conoco, now part of ConocoPhillips; Standard of Indiana, which became Amoco, now part of BP; Standard of California, which became Chevron; Standard of New Jersey, which became Esso (and later, Exxon), now part of ExxonMobil; Standard of New York, which became Mobil, now part of ExxonMobil; and Standard of Ohio, which became Sohio, now part of BP. Pennzoil and Chevron have remained independent.</p>
<p style="text-align:justify;"><a href="http://www.iamthewitness.com/books/Arnold.Leese/Gentile.Folly_The.Rothschilds/13.Rothschild.control.of.raw.materials.htm">http://www.iamthewitness.com/books/Arnold.Leese/Gentile.Folly_The.Rothschilds/13.Rothschild.control.of.raw.materials.htm</a></p>
<p style="text-align:justify;">13. Rothschild control of raw materials</p>
<p style="text-align:justify;">Arnold Leese</p>
<p style="text-align:justify;">THAT the Rothschilds controlled Mercury is a fact which cannot be denied in the face of the statement to that effect in the Jewish Encyclopædia (B., Vol. V., p. 384).</p>
<p style="text-align:justify;">Nathan Rothschild sent Lionel to Madrid and the latter obtained the lease of the Almaden mines in Spain in 1832, and received the Order of Isabella the Catholic from the Queen Regent of that country! This mining concession was obtained by the House of Rothschild in consideration of a loan of 15 million francs to the Spanish Government at a low rate of interest. In a few years, the income from these mines was anything between 1¼ million to 2 million francs. Thus the Quicksilver monopoly was established, the Vienna House having previously purchased the Austrian mines of Idria. The Rothschilds doubled the price of mercury, and their monopoly lasted until 1863 by which time Mercury was discovered in the United States of America.</p>
<p style="text-align:justify;">In the years 1835 to 1837, the Rothschilds were in a somewhat desperate position because of these quicksilver interests in Spain. Don Carlos was fighting to gain the throne from the Queen Regent and was threatening the safety of the Almaden mines. The Rothschilds, whose agent in Madrid, the Jew Mendizabal was the Queen Regent’s Finance Minister, supported the Queen Regent, but were hampered by the facts that they had little faith in Spain’s credit and that their Austrian patron, the Chancellor Metternich, strongly favoured the cause of Don Carlos. The Rothschilds therefore actually “made great efforts to secure the armed intervention of England and France” and were successful in that the French lent the Queen Regent the services of the Foreign Legion, whilst Britain raised a volunteer force which was financed by Nathan Rothschild. (A, Vol. II., p. 124). As in 1940, the French and British were sent to fight the Jews’ battles. At last, to please Metternich, the Rothschilds pretended that the Spanish Government had been guilty of bad faith, and they “beared” the Spanish funds in Paris and London bringing them down from 70 to 37. In spite of all this, Don Carlos’s inadequacy led to his defeat in the field, and the Rothschild mines were safe again.</p>
<p style="text-align:justify;">NICKEL</p>
<p style="text-align:justify;">The principal supplies of Nickel, used for hardening purposes in steel manufacture, and for which there is no known substitute, were in Canada, New  Caledonia and Norway. The Canadian supplies are controlled by the Jew Lord Melchett, and the New Caledonian mines by the Paris Rothschilds.</p>
<p style="text-align:justify;">What this means exactly is exemplified by a curious occurrence in the Great War 1914-18. Nickel had been declared contraband by the British who cut off Germany’s supplies from Canada. However, on 1st October, 1914, a Norwegian steamer loaded with 2,500 tons of the metal from New Caledonia and consigned to Krupp in Germany was stopped by the French Navy and taken to Brest as a prize of war. Immediately an order came from Paris to release the ship, which was then allowed to proceed to Hamburg! The French did not declare nickel to be contraband until May, 1915, by which time Germany had made sure of her supplies, supplementing them by bringing over from America a further 400 tons in the submarine Deutschland; this nickel must have been purchased in the United States from New Caledonia by arrangement (Z, pp. 166-7).</p>
<p style="text-align:justify;">Who made the arrangement?</p>
<p style="text-align:justify;">Who ordered the Norwegian steamer at Brest to be released?</p>
<p style="text-align:justify;">One guess will suffice as an answer to both questions.</p>
<p style="text-align:justify;">The French Rothschild Company was called Le Nickel, and had on its Board of Directors two Germans closely associated with Krupp and with the Metallgesellschaft of Frankfort, of which the Kaiser was a large shareholder.</p>
<p style="text-align:justify;">That is what Rothschild control signified.</p>
<p style="text-align:justify;">Since then, Finland promises to be the future chief source of Nickel, and the potentialities of the new mines in the arctic region of Petsamo in that country are enormous. These mines are owned by the Jew Lord Melchett’s International Nickel Co. of Canada. Their existence will no doubt influence the amount of actual help to Finland which will be rendered by Britain against the Soviets’ cowardly attack, but the intelligent reader will not allow himself to lose sympathy with the gallant Finns on that account.</p>
<p style="text-align:justify;">COPPER</p>
<p style="text-align:justify;">From the beginning of this century, the Rothschilds have had an important share in the Rio Tinto Mines in southern Spain, and the Trust Deed (dated 1931) for the Company’s Debentures is in favour of L. N. &amp; A. G. Rothschild. These mines also produce Sulphur; Rear-Admiral Consett in his Triumph of Unarmed Forces (1923), p. 228, shows how the Rio Tinto Company during the World War 1914-18 sent to Denmark enormous amounts of pyrites containing sulphur for the purpose of mixing with raw phosphatic materials from North Africa to make fertiliser, obviously for German use.</p>
<p style="text-align:justify;">According to the Jewish Encyclopædia (B, Vol. V., p. 384) the world control of Copper was (in 1903) in the hands of the Jew firms Lewisohn Bros. &amp; Guggenheim Sons.</p>
<p style="text-align:justify;">LEAD</p>
<p style="text-align:justify;">Among the most important Lead-mines in the world are those of the Spanish Company Societe Miniere de Penarroya which produces one-eighth of the world’s total. Since 1883, the Paris Rothschilds controlled the Company and in 1909 they allied themselves with the Frankfort Metallgesellschaft (which meant Krupp and the Kaiser, as stated previously in this Chapter). This arrangement continued until 31st December, 1916, and must have been most profitable for Rothschild Freres during the first two years of the war, when they sent 150,000 tons to Germany, via Switzerland. (Z, p. 167).</p>
<p style="text-align:justify;">OIL</p>
<p style="text-align:justify;">The story of Rothschild Oil-interests can be largely told by means of extracts from well-authenticated sources.</p>
<p style="text-align:justify;">“The house of Rothschild, and more especially its Paris Branch, had been strongly interested in the Caucasian petroleum industry ever since 1883. Here it controlled two important companies, the Caspian-Black Sea Company, and, since 1898, the Mazut Company . . . these Rothschild companies had had to fight hard against the overwhelming superiority of Standard Oil. Thus it was only natural that the capitalists who owned them should strive to strengthen and expand their influence in the oil industry by giving financial support to the Dutch Company.” (Z.1, p. 47).</p>
<p style="text-align:justify;">The Jewish Encyclopædia (B, Vol. X., p. 496), says that the interest of the Rothschilds in the Baku Oil-wells made them the chief competitor of Standard Oil Company.</p>
<p style="text-align:justify;">In a letter dated 14th March 1901, Sir Cecil Spring-Rice wrote of “Baku, an enormous town in a desert, breeding petroleum, once the home and temple of fire-worshippers—now mostly owned by the Rothschilds.” (D, Vol. I., p. 338).</p>
<p style="text-align:justify;">Then appears Deterding on the scene, an official of the Royal Dutch Company, later to become Sir Henri Deterding; this man is described by W. Thompson in an article “World Oil-War or Entente,” published in Asia, May 1923, pp. 236-8, as “a Jew by race”; whilst the News of the World, 5th February, 1939, said he was “of Jewish descent.”</p>
<p style="text-align:justify;">“It was Deterding who induced the House of Rothschild to give Royal Dutch its backing, which undoubtedly saved the Company from ruin.” (Z.1, p. 48).</p>
<p style="text-align:justify;">The Jew Marcus Samuel “built an experimental oil-tanker with money borrowed from the Rothschilds of Paris.” (Z.2, p. 21).</p>
<p style="text-align:justify;">The Royal Dutch Company allied itself with the Shell Transport of Marcus Samuel (afterwards Viscount Bearsted), in 1897, and later, in 1902 with a sales firm, the Asiatic Petroleum Company. “As before, Samuel got the House of Rothschild to finance the companies.” (Z.2, p. 23)</p>
<p style="text-align:justify;">“Standard Oil’s first desperate onslaught upon Royal Dutch was discontinued only when the Americans realised that Rothschild’s millions were behind the Dutch company.” (Z.1, p. 53).</p>
<p style="text-align:justify;">The Rothschilds were always hostile to the Tsars of Russia who were the only European monarchs to protect their people from the Jews by refusing to give them the status of Russians in Russia. They must, therefore, like Jacob Schiff of Kuhn Loeb &amp; Co., have been interested in the success of Kerensky’s revolution; but it is impossible that the Rothschilds could have desired the success of the Bolshevik revolution which came next, because of the losses they would, and did, sustain in the Russian Oil-fields which were ultimately confiscated by the Soviet Government.</p>
<p style="text-align:justify;">In the hope of recovering these oil-fields, the Rothschilds believing that the Bolsheviks would collapse, increased their holdings of Russian Oil-fields by further purchases made through Deterding, buying them at knock-down figures. We may be sure that they supported the counterrevolutionary attempts of Generals Wrangel, Deniken, and Admiral Kolchak, which all failed. It is interesting to note that the Brigadier-General of the British Military Mission to aid Denikin (1919-1920) and the Commanding Officer of the British Mission with Wrangel’s forces (1920) was Sir J. Percy whose real name is Baumgartner and married to a Jewess, and the British High Commissioner in South Russia (1919-20) was Sir H. J. Mackinder, ex-Director of the London School of Economics, and also married to a Jewess! Deterding himself married the daughter of a Russian “White” General.</p>
<p style="text-align:justify;">The Royal Dutch Company which so strongly represents the Rothschilds also controls the Anglo-Saxon Petroleum Company, which has two peculiarities:—</p>
<p style="text-align:justify;">1. It hardly ever is able to find Oil in British territories, although its concessions range all over the Empire’s Crown Colonies, besides South Africa, Egypt and Palestine.</p>
<p style="text-align:justify;">2. There is little that is Anglo-Saxon in the composition of its Directorate. It is strongly Jewish, and is part owner of the Consolidated Petroleum Co. and the Anglo-Mexican Petroleum Co. which in turn controls the Shell-Mex Companies of Argentine, Chile and Uruguay.</p>
<p style="text-align:justify;">The number of books written about “Oil-wars” is Legion; and it will be noted that in all the international crises caused by conflicting interests chiefly between American Standard Oil and the European Royal Dutch, the Rothschilds have held strong position in the latter Company. Under the Rothschild Paris regime, France found that she had neglected her Colonial oil-fields and suffered for it in the Great War 1914-18. Why was this allowed? R. Neumann blandly explains in his book Zaharoff: the Armaments King (1935), p. 210:—“It was known that it was in the interests of the foreign oil trust that France should not discover any oil-wells in her own soil or in any of her colonial territories, for then she would remain permanently under the control of the foreign oil producers.”</p>
<p style="text-align:justify;">And there you have also the explanation of the curious non-discovery of Oil in British territories. It is, however, so necessary for the Jews to have Hitlerism destroyed, that we should not be surprised to hear of many wonderful new discoveries of Oil in British and French possessions, although such discoveries must not be expected until the highest prices have been wrung out of the taxpayers of both countries for the benefit of the oil-fields already working.</p>
<p style="text-align:justify;">Among the major Oil-Wars we note the following theatres:—</p>
<p style="text-align:justify;">1. Mexico. Here the game was the corruption of successive Presidents by the two belligerents (Standard Oil and Deterding), or, where that did not work, they resorted to the financing of revolutions against such Presidents of the forcing of “incidents” rendering “necessary” the landing of armed forces. One side was just as bad as the other, and thus they made of Mexico a shuttlecock, caring nothing for the welfare of the Mexican people and rendering good government there an impossibility.</p>
<p style="text-align:justify;">2. Venezuela. The Oil-war in this country consisted chiefly in a duel of bribery of President Gomez from 1928 onward, the belligerents being Standard Oil and Deterding. This oil-war completely prevented good government in Venezuela, and made it possible for Gomez to reign as a most barbarous dictator to the intense suffering of the Venezuelan people.</p>
<p style="text-align:justify;">3. Asia Minor. The Turko-Greek war (1920) in this country was really an oil-war, Greece being backed by “Britain” and Turkey by “France.” When Turkey won, we sent her an ultimatum to yield to us the Oil-field, but then the U.S.A. stepped in and obtained a concession for oil which made Turkey her ally! Britain’s reply to that situation was to begin to jib at paying her War-debts to the U.S.A. and that brought the U.S.A. to heel. The dispute was referred to the League of Nations, and Iraq gained the oil-field under a 25 years’ British Mandate.</p>
<p style="text-align:justify;"><a href="http://groups.google.co.id/group/soc.culture.usa/browse_thread/thread/7b18fbd92af79596/31e44229a5aef9e7#31e44229a5aef9e7">http://groups.google.co.id/group/soc.culture.usa/browse_thread/thread/7b18fbd92af79596/31e44229a5aef9e7#31e44229a5aef9e7</a></p>
  <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gocomments/islammyreligion.wordpress.com/203/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/comments/islammyreligion.wordpress.com/203/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/islammyreligion.wordpress.com/203/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/islammyreligion.wordpress.com/203/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/islammyreligion.wordpress.com/203/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/islammyreligion.wordpress.com/203/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/islammyreligion.wordpress.com/203/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/islammyreligion.wordpress.com/203/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/islammyreligion.wordpress.com/203/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/islammyreligion.wordpress.com/203/" /></a> <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islammyreligion.wordpress.com&blog=1919183&post=203&subd=islammyreligion&ref=&feed=1" /></div>]]></content:encoded>
			<wfw:commentRss>http://islammyreligion.wordpress.com/2009/12/01/jews-capitalists-are-leech-to-the-world/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/d30534abed665d78f9da9c8d10f0d341?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">nizaminz</media:title>
		</media:content>

		<media:content url="http://islammyreligion.files.wordpress.com/2009/12/us_aid_to_israel.gif" medium="image">
			<media:title type="html">US_aid_to_Israel</media:title>
		</media:content>
	</item>
		<item>
		<title>Let&#8217;s Use Gold, Silver, and Copper as Global Currency!</title>
		<link>http://islammyreligion.wordpress.com/2009/04/21/lets-use-gold-silver-and-copper-as-global-currency/</link>
		<comments>http://islammyreligion.wordpress.com/2009/04/21/lets-use-gold-silver-and-copper-as-global-currency/#comments</comments>
		<pubDate>Tue, 21 Apr 2009 01:19:09 +0000</pubDate>
		<dc:creator>nizaminz</dc:creator>
				<category><![CDATA[Islamic Economics]]></category>
		<category><![CDATA[MES]]></category>
		<category><![CDATA[Copper Currency]]></category>
		<category><![CDATA[Global Currency]]></category>
		<category><![CDATA[Silver Currency]]></category>
		<category><![CDATA[US Dollar]]></category>

		<guid isPermaLink="false">http://islammyreligion.wordpress.com/?p=150</guid>
		<description><![CDATA[Currently, many countries depend on US Dollar for the payment of products, services, or debt to foreign countries. Unfortunately, US dollar only produced by the US Government and designed for the US citizens. Not for all citizen of the World! <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islammyreligion.wordpress.com&blog=1919183&post=150&subd=islammyreligion&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><!--[if gte mso 9]&gt;     &lt;![endif]--><!--[if gte mso 9]&gt;  Normal 0   false false false         &lt;![endif]--><!--[if gte mso 9]&gt;   &lt;![endif]--></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><img class="alignnone size-full wp-image-158" title="Zimbabwe Dollar" src="http://islammyreligion.files.wordpress.com/2009/04/zimbabwedollar.jpg?w=464&#038;h=327" alt="Zimbabwe Dollar" width="464" height="327" /></span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Currently some countries ask for the new global currency to replace US Dollar. The exchange rate between US Dollar and Local currency in many countries are very unstable and causing many monetary crises. For example in Indonesia, in 1946 USD 1 = IDR 1.88. In 2009 the rate become USD 1 = IDR 12,000! </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;font-family:Arial;" lang="FI">In 1970 the Pilgrimage (Hajj) cost in Indonesia only Rp 182,000. In 2009 it become naik jadi US$ 3.500 (Rp 36,750,000). The Rupiah value drops 201 times  (20,100%!) in less than 40 years! </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">In Zimbabwe in 2003, USD 1 = 697.42 Zimbabwe Dollar. But in 2008 the rate become USD 1 =<span> </span>3.333.333.333.333 Zimbabwe Dollar! Inflation and prices change happen every hour ruining the economics! The funny thing is, Zimbabwe actually rich with natural resources such as antimony, asbestos, chromium, coal, cobalt, copper, gold, graphite, iron ore, magnesite, nickel, silver, and tin. Gold, chrome, and asbestos are the major mineral exports (Microsoft Encarta). With area of 390,000 km2 and population of 13 million people, Zimbabwe should be a prosper country. Yet, the “important” and uncertain of US Dollar value make all those natural resources worth almost nothing in dollar! The exchange rate is unclear. Set by speculators only.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> <span id="more-150"></span></span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">The instability happen because all currency using Fiat Money which is not guaranteed by valuable thing such as Gold or Silver. All currencies made of paper which worth only around USD 0.25 cent. However the Forex Speculators which are the main player set the value USD 1 equal to IDR 12,000 or 3,333,333,333,333 Zimbabwe dollars. And those Forex Speculators could change the value every second in the Forex market. Instead of exchange tool and the measure of products or services, money become speculative object. Speculation in foreign exchange by dealers, brokers, or others becomes a major influence on exchange rates (Microsoft<span> </span>Encarta<span> </span>Encyclopedia).</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">The currency such as Zimbabwe dollar or IDR could flunk as low as their value as paper.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Currently, many countries depend on US Dollar for the payment of products, services, or debt to foreign countries. Unfortunately, US dollar only produced by the US Government and designed for the US citizens. Not for all citizen of the World! </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">At first, US government produced Gold and Silver coins as their money (Commodity Money). No Gold or Silver means No Money. Then they use Credit Money where the paper money backed by gold reserves.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">During Civil War, the US government needed a lot of money to fund the war more than the gold they had. So they issued Greenback money in February 1862 which was not backed by gold reserves. The value dropped immediately and caused sharp inflation. In 1866 an act was passed to withdraw the greenbacks (MS Encarta). However the Greenbacks were still used widely and made redeemable in gold in 1879. The Fiat Money causing sharp inflation in just 3 years and 17 years later the US Government use Credit Money back.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">In 1970 foreign government holdings of U.S. dollars were over five times greater than the U.S. gold stock. In August 1971 President Richard M. Nixon suspended gold payments of U.S. dollars. Then devalued the dollar to 1/38 and in 1973 to 1/42.22 of an ounce of gold. </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">In 1978, in conjunction with reforms made by the International Monetary Fund, Congress formally removed the U.S. from the gold standard on an international basis. At the end of the decade no major currency was redeemable in gold. Since then, the value of money is set by forex speculators and causing many monetary crisis (MS Encarta).</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">So the world had been using Gold and Silver as money direct or indirectly for about 4,500 years, from 2500 BC in Mesopotamia until 20th century in US and European countries.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">The stability of Gold Value describe in a Book of Saheeh Bukharee where a friend of prophet Muhammad bought a sheep for 1 gold dinar (1 dinar = 4.25 gram of 22 carat gold) and sell it for 2 dinars 1,400 years ago. Now we still could get 1 or 2 sheep for about 1 dinar. That is the real proof.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Beside gold, silver also has a stable value. In the Quran, Al Kahfi:19, told that 5 people who live in a cave bought some food for about 3 Dirham (1 Dirham = 2,975 gram of Silver). Now the price of food for 5 people about that price.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Many people question if Gold or Silver supply is enough if Gold and Silver are used as money. Well, the stability of Gold and Silver against other commodity such as sheep or food has proven that the supply is good. Not over supply which will cause the devaluation of gold. And not under supply which will cause the inflation of Gold. People have used Gold and Silver as money for about 4,000 years, so there should be no doubt about it.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Gold production still continues since Egypt civilization around 7,000 years ago until now. The discovery of America make the world gold output totaled about 4,665,000 kg from the end of the 15th century to about 1850.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">South Africa producing 376 metric tons of gold in 2003 while US producing 277 metric tons of gold. Some 70 other countries produce gold in commercial quantities, but two thirds of the total worldwide production now comes from South Africa, the United States, Australia, China, Canada, and Russia. New gold deposits found in Australia, Alaska, Canada in 19th and 20th century. So the supply is enough.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Though some “Gold Money” Dinar sold in <a href="http://www.wakalanusantara.com/">www.wakalanusantara.com</a>, but people still could found gold jewelry in many gold stores in Indonesia and use them as wedding ring and wedding gift.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">If people use Gold, Silver, and Copper as money, then we don’t have to worry about their number will be rare/scarce. There is Gold with high value, and there is also Copper which has low value as small change.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Gold, Silver, and Copper as money? Isn’t that too much? Well, currently people use local currency, US Dollar, Euro, Yen, British Pound, France Franc, Deutsche Mark, etc. That is way too much&#8230; </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><strong><span style="font-size:10pt;line-height:115%;font-family:Arial;color:maroon;" lang="IN">The advantage of Gold, Silver, and Copper as Global Money:</span></strong></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>1.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Stable value</span></span></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>2.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Universal value</span></span></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>3.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Found in many countries</span></span></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>4.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Have real value</span></span></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>5.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Stable prosperity</span></span></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>6.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Monetary Crises proof</span></span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><strong><span style="font-size:10pt;line-height:115%;font-family:Arial;color:maroon;" lang="IN">The disadvantage of paper money US Dollar as Global Money:</span></strong></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>1.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Unstable value</span></span></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>2.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Local value. Even US dollar could not be used directly in many markets in Asia. There is no way we could buy thing in Indonesia using Zimbabwe paper money. But we could do that using Zimbabwe gold especially if the rate is good.</span></span></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>3.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">US dollar as the International money only produced and monopoly by US Government</span></span></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>4.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">No real value. The value set by forex speculators. Local currencies such as Zimbabwe dollar will become a toy</span></span></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>5.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Inflation leads to global poverty</span></span></p>
<p class="MsoNormal" style="margin-left:18pt;text-align:justify;text-indent:-18pt;"><!--[if !supportLists]--><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span>6.<span style="font-family:&quot;font-style:normal;font-variant:normal;font-weight:normal;font-size:7pt;line-height:normal;"> </span></span></span><!--[endif]--><span dir="ltr"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Monetary Crises every 5-10 years. In Zimbabwe, inflation happen every time.</span></span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">So, let’s use Gold, Silver, and Copper as money for a better, stable, and universal currency. Let’s stop the monetary crisis which is caused by unclear paper money right now.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><a href="../">http://islammyreligion.wordpress.com</a></span></p>
<p class="MsoNormal" style="text-align:justify;">
<p class="MsoNormal" style="text-align:justify;"><!--[if gte mso 9]&gt;     &lt;![endif]--><!--[if gte mso 9]&gt;  Normal 0   false false false         &lt;![endif]--><!--[if gte mso 9]&gt;   &lt;![endif]--></p>
<p class="MsoNormal" style="text-align:justify;"><strong><span style="font-size:10pt;line-height:115%;font-family:Arial;color:maroon;" lang="IN">Just see what happen with Zimbabwe paper money. If Zimbabwe uses Gold, Silver, and Copper which are many in Zimbabwe, none of these would happen.</span></strong></p>
<p class="MsoNormal" style="text-align:justify;"><strong><span style="font-size:10pt;line-height:115%;font-family:Arial;color:maroon;" lang="IN"> </span></strong></p>
<p class="MsoNormal" style="text-align:justify;"><strong><span style="font-size:10pt;line-height:115%;font-family:Arial;color:maroon;" lang="IN">Zimbabwe dollar dead, says top economist</span></strong></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">The Zimbabwe dollar is dead, one of the world&#8217;s leading experts on hyperinflation said today.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span> </span></span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">By Sebastien Berger Southern Africa Correspondent</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">The comments came as the Morgan Tsvangirai appointed Tendai Biti, one of his party&#8217;s highest ranking officials, to be the country&#8217;s new finance minister in a government of national unity.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Professor Steve Hanke, a senior fellow of the Cato Institute in Washington, has been involved with the governments and currency reforms of a dozen different countries around the world, and in 2007 developed a hyperinflation index for Zimbabwe.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">It used stock market and other non-cash transactions to derive an inflation figure that bypassed the desperate shortages of goods in shops and actual banknotes, and peaked at an annual 89.7 sextillion per cent in November last year – after which it became impossible to calculate.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">At the time the daily inflation rate stood at 98 per cent, with prices doubling every 24.7 hours.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">As the Zimbabwe stock exchange had stopped trading and the non-cash banking system seized up, he said, reliable data disappeared. &#8220;The non-cash Zimbabwe dollar is, therefore, dead,&#8221; he said.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">&#8220;Ashes are all that is left of the Zimbabwe dollar &#8211; a remnant of paper money,&#8221; he said in a commentary on the Cato Institute website.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Zimbabwe failed to break Hungary&#8217;s world record for hyperinflation, which it set at 195 per cent a day in 1946, but easily beat Yugoslavia&#8217;s 1994 mark of 313 million per cent a month to secure second place in the record books.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Read more at:</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><a href="http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/4580364/Zimbabwe-dollar-dead-says-top-economist.html">http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/4580364/Zimbabwe-dollar-dead-says-top-economist.html</a></span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><strong><span style="font-size:10pt;line-height:115%;font-family:Arial;color:maroon;" lang="IN">Hyper Inflation in Zimbabwe:</span></strong></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">In late December 2008 and early January 2009 the use of foreign currency as a common medium of exchange has become increasingly popular as fewer goods and services are being offered in local currency. In a move to help businesses suffering from chronic shortages of foreign currency to import goods and spare parts the Zimbabwe&#8217;s central bank licensed around 1,000 shops to sell goods in foreign currency.[34][35]</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">On 12 January 2009, Zimbabwe introduced the $50,000,000,000 note. [36]</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">On January 16, 2009, Zimbabwe announced plans for imminent issue of banknotes of $10 trillion, $20 trillion, $50 trillion, and $100 trillion. At the time of the announcement, the latter was valued at ca. 30 US dollars, but that value is expected to evaporate swiftly. [37] Notably, these plans open a gap in the banknote series: there are none on the order of $100 billion or $1 trillion. It would take 200 of the $50 billion notes to make the same value as the next larger note, $10 trillion.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Read more at:</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><a href="http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe">http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe</a></span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><strong><span style="font-size:10pt;line-height:115%;font-family:Arial;color:maroon;" lang="IN">Final humiliation for Zimbabwe dollar as foreign currency legalised</span></strong></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Robert Mugabe&#8217;s government has bowed to financial reality and legalised the use of foreign currency in Zimbabwe&#8217;s shattered economy.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">By Sebastien Berger, Southern Africa Correspondent</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Last Updated: 1:28AM BST 11 Sep 2008</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">A Zimbabwean man counts a big stack of money to buy some bananas in Harare Photo: GETTY</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">It is the final humiliation for Zimbabwe&#8217;s battered currency, which was worth more than the US greenback at independence in 1980.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Even after two revaluations that have knocked a total of 13 zeros off it, it was trading on the black market on Wednesday at around 6,000 to the USD – or 60,000,000,000,000,000 to one in terms of the original Zimbabwe dollar.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><span> </span>Gideon Gono, the reserve bank governor and a key player in the ruling Zanu-PF party, said that 250 wholesalers and 1,000 retailers would be licensed to accept foreign currency as an 18-month &#8220;experiment&#8221;.</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN">Read more at:</span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"><a href="http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/2778562/Final-humiliation-for-Zimbabwe-dollar-as-foreign-currency-legalised.html">http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/2778562/Final-humiliation-for-Zimbabwe-dollar-as-foreign-currency-legalised.html</a></span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
<p class="MsoNormal" style="text-align:justify;"><span style="font-size:10pt;line-height:115%;font-family:Arial;" lang="IN"> </span></p>
  <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gocomments/islammyreligion.wordpress.com/150/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/comments/islammyreligion.wordpress.com/150/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/islammyreligion.wordpress.com/150/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/islammyreligion.wordpress.com/150/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/islammyreligion.wordpress.com/150/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/islammyreligion.wordpress.com/150/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/islammyreligion.wordpress.com/150/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/islammyreligion.wordpress.com/150/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/islammyreligion.wordpress.com/150/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/islammyreligion.wordpress.com/150/" /></a> <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islammyreligion.wordpress.com&blog=1919183&post=150&subd=islammyreligion&ref=&feed=1" /></div>]]></content:encoded>
			<wfw:commentRss>http://islammyreligion.wordpress.com/2009/04/21/lets-use-gold-silver-and-copper-as-global-currency/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/d30534abed665d78f9da9c8d10f0d341?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">nizaminz</media:title>
		</media:content>

		<media:content url="http://islammyreligion.files.wordpress.com/2009/04/zimbabwedollar.jpg" medium="image">
			<media:title type="html">Zimbabwe Dollar</media:title>
		</media:content>
	</item>
	</channel>
</rss>