The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label islam. Show all posts
Showing posts with label islam. Show all posts

Thursday, May 4, 2017

After Sharia Finance law changes, Dubai going full bore into gold as it works to create world's first gold backed digital currency

When the global body that oversees all things financial under the Islamic code of Sharia law accepted the personal ownership of gold back in December, the nation of Dubai appears to now be going full bore towards becoming ground zero for this potentially lucrative market.  And with their new partnership last month with the Shanghai Gold Exchange to facilitate futures contracts for gold delivery from Asia, they are not simply waiting on the laurels for their next new product.

And what might that product be?  How about a gold backed currency expected to run on the blockchain in the digital sphere.

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(Image use courtesy of News BTC)
Linking a digital currency to gold is an intriguing concept. Various countries want to issue national digital currencies linked to their regular valuta. OneGram, a company in Dubai, is doing things very differently. The Islamic financial services and technology company is looking to establish the world’s first gold-backed digital currency. For some investors, this will create a product combining the best of both worlds. 
Combining digital currency and a gold-backed asset is an intriguing turn of events. Investors often see gold as a safe haven asset during turbulent financial periods. At the same time, the interest in digital currency and cryptocurrency has never been higher. OneGram acknowledges both trends and aims to provide the best of both worlds to traders around the globe. - News BTC
Currently the paper gold markets see more activity than the physical gold markets because most investors would rather trust in other entities storing their gold than them taking delivery and dealing with the demands of physical ownership.  However, as the new Silk Road project seeks to eventually encompass nearly 2/3rds of the world in the coming years, and China is striving towards the implementation of a gold backed trade system to counter the dollar and ensure bi-lateral trade stability, having your money stored in gold but accessible through a digital format will be a great alternative from what was done in ancient times when you had to transport camel loads of gold for use on the original Silk Road.

Monday, April 10, 2017

SGE goes international for first time as Dubail's gold exchange to open new gold futures trade with China in RMB

On April 10, the Shanghai Gold Exchange received its first real international partner as Dubai's gold exchange is opening up a new futures market with China to trade gold in RMB.

The Dubai gold market is the largest metals trading platform in the Middle East, and this program will have the capacity to link China's gold market directly to the Islamic world.  And this is especially important now that Islam's primary financial authority for Sharia Law Finance has approved the purchasing and ownership of gold for the 1.6 billion Muslims living around the world.

Middle East's largest financial trading platform the Dubai Gold and Commodities Exchange (DGCX) is moving to launch the DGCX Shanghai Gold Futures (DSGC). This is after it tasted success with the launch of futures trading in Indian gold. The exchange, akin to Singapore, is attempting to become a hub for trading in financial products linked to India and China, two of the largest Asian economies. 
The DGCX last week announced commencement on trading in Shanghai Gold Future. Trading in financial products linked to India and China, two of the largest Asian economies. 
The DGCX last week announced commencement on trading in Shanghai Gold Future. Trading in Indian gold and currency is a major hit on the DGCX platform with volumes in currency pair rivaling that of the Indian bourses. 
The yuan-denominated gold contracts on DGCX marks the first-ever usage of the Shanghai Gold Benchmark Price in international markets. The launch of the DSGC was officially announced at the Dubai Precious Metals Conference (DPMC) last week.  - Economic Times India

Friday, February 24, 2017

World's largest gold backed ETF now certified as Sharia Law compliant

On Feb. 23, the U.S. run SPDR Gold Shares ETF was certified as Sharia Law compliant, making it the first gold based financial instrument to be open to the new Islamic statutes on gold ownership for the world's 1.6 billion Muslims.

Run by State Street Global Advisors, and reportedly backed by $30 billion in physical gold, the ETF could soon become a springboard for new investment from the Islamic community.

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U.S. asset management company State Street Global Advisors has announced that a huge exchange-traded fund for investment in gold has been certified as being compliant with Islamic financial law. 
The question of whether ETFs themselves comply with Islamic law has not been addressed. However, the certification by Amanie Advisors of Malaysia, a leading sharia advisory company specializing in Islamic financial institutions, is expected to stimulate investment in the gold ETF within the Muslim world.  
The fund, called SPDR Gold Shares, is one of the world's largest ETFs backed by gold bullion, having a net asset balance of more than $30 billion. Managed and marketed by State Street Global, it is listed on the New York Stock Exchange. - Asia.Nikkei

Wednesday, February 22, 2017

Both Donald Trump and Vladimir Putin are working different ends of the tale to kill the petrodollar

In a fascinating dichotomy where both the United States and Russia are implementing different foreign policy angles that will inevitably kill the petrodollar, their main target happens to be the same in the Arab Kingdom of Saudi Arabia.

Back in 1973 Nixon's Secretary of State Henry Kissinger went to Saudi Arabia to forge what would become the next global backstop for keeping the dollar as the world's reserve currency.  But in doing so the U.S. made a promise to protect the Kingdom from foreign invasion, and in return the Saudi's would ensure that OPEC used only dollars in their global selling of oil.

But what the U.S. did not anticipate was the fact that the Saudi monarchy followed a radical form of Islam that was hell bent on seeing all other sects utterly destroyed.  And through their use of money, arms, and terrorism over the past 40 years, the U.S. has been forced to intervene in many of these unprovoked attacks on Saudi's Arab neighbors, and have played a major role in both toppling governments, as well as aiding terrorism.

And in 2017 with the election of Donald Trump, this all appears about to change, and could signal that the new U.S. President is content with letting the old petrodollar agreement dissolve away.

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Unlike every president since the petrodollar’s birth, Donald Trump is openly hostile to Saudi Arabia. 
The Saudis did not want Donald Trump in the White House. And not because of some bad blood on Twitter. There are real geopolitical issues at stake. 
At the moment, Trump seems determined to walk back on US support for the so-called “moderate” rebels in Syria. 
The Saudis are furious with the US for not holding up its part of the petrodollar deal. They think the US should have already attacked Syria as part of its commitment to keep the region safe for the monarchy. 
Toppling Syrian President Bashar al-Assad is a longstanding Saudi goal. But a President Trump makes that unlikely. That’s not good for Saudi Arabia’s position in the Middle East, nor its relationship with the US. 
This is just one of the ways President Trump will hasten the death of the petrodollar. - International Man
On the other side of the gambit is Russia's President Vladimir Putin, who has not only sided with Syria's Bashir Assad in fighting the Islamic Caliphate's attempts to topple the government, but in a recent and unprecedented move invited Sunni clerics to a conference in which they castigated Saudi Wahabism as being deformed in the construct of Islam.
At the end of August, a meeting of Muslim clerics and scholars convened in the Chechen capital of Grozny to forge a consensus on the subject of ‘who constitutes a Sunni.’
Sunnism, the 200 or so Sunni clerics from Egypt, South Africa, India, Europe, Turkey, Jordan, Yemen, Russia warned, “has undergone a dangerous deformation in the wake of efforts by extremists to void its sense in order to take it over and reduce it to their perception.” 
The Muslim world is currently under a siege of terror, led by a deviant strain that claims religious authority and kills in the name of Islam. So the Grozny participants had gathered, by invitation of the Chechen president, to make “a radical change in order to re-establish the true meaning of Sunnism.” 
If their final communique was any indicator, the group of distinguished scholars had a very particular message for the Muslim world: Wahhabism - and its associated takfirism - are no longer welcome within the Sunni fold. 
Specifically, the conference’s closing statement says this: “Ash’arites and the Maturidi are the people of Sunnism and those who belong to the Sunni community, both at the level of the doctrine and of the four schools of Sunni jurisprudence (Hanafi, Hanbali, Shafi’i, Maliki), as well as Sufis, both in terms of knowledge and moral ethics." 
In one fell swoop, Wahhabism, the official state religion of only two Muslim countries -Saudi Arabia and Qatar - was not part of the majority Muslim agenda any longer. - Russia Today
The monetary stronghold for the petrodollar system has already been shattered when Russia and China signed an agreement to sell oil in both Yuan and Rubles a few years ago, and it appears that very soon the final matchstick in the 1973 agreement will fall as well with the coordinated efforts of the U.S. and Russia in eliminating ISIS and the independent terror groups that were spreading Saudi Wahabism through the Kingdom's financing them with money and arms.  And when this happens for good it will create a great vacuum in the global financial system, and all bets are off as to who will win the crown that replaces the dollar as the world's reserve currency.

Tuesday, January 24, 2017

Most in the gold community are not prepared for Islam entering the market, and for those who are it will be big

Many people have heard about the idea of 'Peak Oil', especially since it has been propagated by the mainstream media for over three decades.  But how many have heard about the concept of 'Peak Gold', especially when demand for the metal is about go up several fold?

At the beginning of January a new policy and protocol began in Islamic finance that could shape the future of investing, savings, and even money for the rest of the century.  And this is because 1.6 billion people, or nearly 30% of the world's population, are now able to purchase and own gold and gold products outside of jewelry for the first time in perhaps centuries.

Sharia Law is the ultimate guideline for Islamic living, similar to how the Misvot (the Law) was for the Israelites under the Mosaic Covenant.  And Sharia Finance is the portion of this guideline that dictates money and investment for Muslims around the world.

And with the door now becoming wide open for followers of Sharia Law to enter into the gold markets, most financial industries, particularly in the West, are ill prepared for this.

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Years of underinvestment by gold mining companies have created a looming vacuum in supply as the new Sharia Standard kicks in, says the head of one of the largest producers, Africa-focused Randgold Resources. 
"A complete lack of investment in exploration means we are headed towards a supply cliff," said Mark Bristow, the chief executive of the UK-based mining firm, in reaction to the announcement of a Sharia standard for the precious metal. Randgold is the largest gold producer listed in London with a market value of about US$7.7 billion. 
During the gold "supercycle" that began in 2005 and lasted until about 2011 the price rose more than three times from an average of US$513 per ounce to $1,664. Mining companies responded with a frenzy of investment, mergers and acquisitions. When the price run finally gave out many struggled to adapt and began cutting costs that included axing exploring for new gold. 
"Any new addition to demand will drive up price, as we saw with the Chinese led supercycle back in 2005," Mr Bristow said. If the prediction of UK-based gold trader GoldCore that another 500 to 1,000 tonnes of the precious metal will be needed is accurate, the pressure will be on producers. 
Today it takes at least five years to go from mapping a gold deposit to turning into a mine. Investors willing to risk the billions of dollars it can cost need to be found, and they must be prepared to wait years before seeing a return. Moreover, most new mines are being built or planned in remote locations. 
To feed the continuing need for cash, mining companies frequently issue shares. This dilutes the stock and causes wild fluctuations in share prices. This turns them into a speculatively traded stock rather than a long-term investment, something that Sharia investment forbids. 
Developing countries are where most of the new investment in mining capacity will go should a renewed interest in new mining ventures result from increased gold demand from Sharia investors. - The National.AE
In addition to potential boons in mining stocks, companies like Karatbars and Goldmoney have a leg up on many gold selling institutions through their ability to bypass paper markets and provide products and services directly to consumers and investors.  And this will will be key in marketing to the Islamic world since their processes do not involve the use of interest based gold instruments, or derivatives.

Wednesday, December 21, 2016

Global financial markets already creating new gold products for Islam's Sharia finance edict

It was only a couple weeks ago when the Auditing Organization for Islamic Financial Institutions (AAOIFI) began implementation of new edicts regarding gold ownership under Sharia financial law for the world's 1.6 billion Muslims.  And in this short amount of time several markets around the globe are already creating new gold based products to help bring in Islamic investors.

New standards for the use of precious metals in Islamic finance are encouraging the development of financial products based on gold and silver, from futures contracts to a mobile app. 
Toronto-based Bullion Management Group (BMG), which manages $348 million in assets, launched a silver fund in October and expects its bullion funds will adhere to the new AAOIFI guidance, Nick Barisheff, BMG's founder and chief executive, said. 
On Monday, the Singapore Exchange (SGX) said it had certified as sharia-compliant its gold futures contracts, which were originally launched in 2014 and are aimed at the wholesale market. 
Meanwhile, Malaysia-based HelloGold has launched a sharia-compliant online platform using a mobile app, targeting customers through agreements with technology and financial services firms, chief executive Robin Lee said. 
"We expect to sell about 10,000 ounces of sharia-compliant gold by the end of next year," Lee said. He also said that the firm planned to enter Indonesia, the Philippines and Thailand next year and China by 2019. - Reuters

Tuesday, December 6, 2016

Islamic council overseeing Sharia finance approves new gold standard for Muslim investing

Following a month of open discussion and commentary, the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has officially approved a new gold standard under Sharia financial law on Dec. 5.

Coordinating with the World Gold Council for much of 2016, the AAOIFI has formulated the processes and procedures for the 1.6 billion Muslims around the world, and in particular the 110 million Muslims who participate in active investing, to be able to purchase, own, and invest in physical gold and gold based products such as mining shares.

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The sharia gold standard announced yesterday allows the over 110 million investors in the Islamic world to invest in: 
a) vaulted gold 
b) gold savings plans (such as GoldCore's GoldSaver) 
c) gold certificates 
d) physical gold ETFs including "probably" the SPDR Gold Trust, the biggest exchange-traded gold (GLD) 
e) gold mining shares (within certain Shari’ah parameters) 
We know three things that the new Shariah gold-standard will achieve: 
a) Increase diversity in the number of available Shariah gold compliant investment products 
b) Greater emphasis on the role of physical gold in gold transactions 
c) Islamic finance will have greater say in the setting of the gold price 
To some, this may appear to be an unnecessary formality taken by the body whose guidelines are followed by Islamic finance institutions across the world. After all, physical gold is Shariah-compliant and holds a unique status for Muslims. 
AAIOFI states, "From the perspective of Islamic Fiqh and the Islamic economic system, gold has its specific significance. This significance arises from the specific principles provided for gold and silver as Thaman in Shari'ah." 
According to Islamic texts, gold is a ribawi item, which means that it must be sold on weight and measure, and cannot be traded for future value or for speculation. In order for a gold instrument to be Shariah-compliant, the precious metal must be the underlying asset in related transactions. - Goldcore via Zerohedge
Perhaps one of the most interesting caveats in the new procedures for gold ownership and investment is the demand for Islam to have a greater say in the setting of the gold price.  And since we already now have a divergence out of Shanghai from the long-standing price determination set in London and New York each day, the potential of a third completely independent market could soon emerge in places like Dubai, Tehran, Indonesia, and even Saudi Arabia.

Tuesday, October 11, 2016

Sharia law standards for Muslim gold ownership expected to be completed by end of the year

One of the biggest and perhaps most under reported events in the gold spectrum is very close to completion as on Oct. 11, the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) announced the primary draft that would allow for gold ownership by Muslims under the stricture of Sharia Law.

Worldwide there are around 1.6 billion Muslims, many of which follow Sharia Law in their cultural and financial lifestyles.  And for centuries gold ownership was limited to both jewelry and currency, as any investment in the precious metal carried the potential of earning interest above the value of the metal, especially in areas such as futures and other paper gold markets.

But now the AAOIFI has laid out new guidelines that will become the standard under Sharia Law, and are expected to become fully functional by the end of 2016.  And with this new opportunity opening up for a significant portion of the Islamic world, expectations are that both the gold price and demand could skyrocket as nearly 25% of the world's population would have access to gold ownership and investment for the first time.

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) plans to finalize several new standards by the end of the year, as the standard-setting body works through a revamp of its guidance for the $2 trillion industry.
Bahrain-based AAOIFI has published a draft sharia standard for gold-based products with a one month consultation period ending Nov. 9, the industry body said in a statement. The project was started last year by the World Gold Council, a London-based market development body. 
AAOIFI issues guidelines that are followed wholly or in part by Islamic financial institutions globally, a sector that has grown fast but remains fragmented across its core centers in the Middle East and Southeast Asia. - Reuters

Thursday, August 4, 2016

Two major gold events for China and the Islamic world assure prices to skyrocket between now and October

With gold prices holding support levels over $1350, the markets are preparing for two major events are are sure to skyrocket prices between now and October.

Currently, the primary body on Islamic affairs which sets the framework for Sharia Law is in talks with the World Gold Council to change their long-standing restrictions for Muslims to own gold as an investment.  Once these restrictions are lifted, the potential of two billion Muslims entering into the gold sphere would have an even greater impact on the price than what we have seen over time in India where gold is a fundament of the nation's culture.

As a result, the World Gold Council is working with The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and Amanie Advisors to develop a Shariah Standard on Gold. This Standard will provide guidance from the Shariah perspective on the usage of gold in financial and investment transactions for Islamic financial institutions and participants. The Standard also aims to increase transparency and harmonisation regarding the use of gold in various market practices. 
We want to create a Standard that meets the requirements of all active participants in the market. The Standard will enable organisations to work more efficiently in creating Shariah compliant gold products, it will enhance access to gold in the Islamic world and it will help to address the liquidity management issues currently facing the industry. - Gold.org
With China, the game they are undertaking is a bit different as they are expected to announce their current gold holdings in preparation for the issuing of new Special Drawing Rights (SDR) bonds for the IMF.  And the result should be a shock to the markets as the West believes China only has around 1600 tons of gold in their central banks, but the real number is estimated to be between 15,000 and 30,000 tons.

The importance of their plans to issue SDR bonds is that it is a major blow to the U.S.'s control over the global reserve currency and to dollar hegemony, and will give nations who are disgruntled with having to purchase dollars simply to transact in the global economy the power to bypass this method and go through China under a new reserve system using the SDR.

Saturday, April 30, 2016

Islamic world and sharia banking will soon have a gold backed currency and financial system

We have talked extensively on how China, Russia, and many of the BRICS nations are preparing for a return to the gold standard in both trade and currencies.  But a new report out from the Middle East shows that the Islamic world is also forging out protocols to institute the use of physical gold in sharia banking.

The significance of this new program is that to accommodate Islam's religious mandate for gold backed money, a new and extremely large buying program will have to take place among several Middle Eastern nations, with demand for gold stretching already short supplies to a breaking point, and where prices will skyrocket from this new source of demand.

“Shariah-compliant gold demand may be `hundreds of tons’  …  Gold products used in Islamic finance would need to be physically-backed and allocated to the underlying asset, according to a draft of a standard for Shariah gold being developed.  “We are almost there” with a final proposal, said Mohd Daud Bakar, a Shariah scholar who is writing the draft for the Accounting and Auditing Organisation for Islamic Financial Institutions, the Bahrain-based industry group that sets Shariah standards in finance.”
Shariah finance is non-interest based finance. It’s religiously unacceptable to extract interest from others if you are a Muslim - that’s usury, also known as riba. So financial instruments have to be tailored to Islamic communities to ensure that they are not in violation of the Koran. 
Shariah compliant gold investing will be configured so no precious metals are borrowed, loaned out or earn income.  Thus the investor - consumer or institutional - will be confident that the actual gold holding consists of physical precious metals. The bars will be numbered and noted. The only profit to be earned will be based on the value of gold moving up. This will involve physical precious metal purchases, but ETFs can be structured similarly and already have been. 
The Bloomberg report quoted above indicates the committee formed to develop the Shariah standard is moving fast. It will “meet once more next Sunday and then submit the proposal to AAOIFI’s Shariah Board.” The physical gold backing is the most important aspect and disqualifies COMEX gold futures. However, the Singapore gold contract will qualify as Shariah compliant, according to the Bloomberg analyst. - Dollar Vigilante

Friday, October 16, 2015

Escalating refugee crisis in Germany could be linchpin that brings down Chancellor Merkel

German Chancellor Angela Merkel has faced several political attacks since she won re-appointment to the highest office in the land back in December of 2013.  First it was the Ukraine crisis, which quickly led to continent wide sanctions between the U.S. and Russia which forced Germany into taking sides against their long standing trade partner.  And now Merkel is being bombarded with a new problem that has in a short period of time, turned from support to rebellion as the flow of refugees from Muslim countries threatens her ability to lead.
When so-called Syrian refugees flooded into Europe from Turkey a few months ago, German citizens welcomed them with open arms and stood with their Chancellor in providing humanitarian aid to the wartorn peoples.  But as news emerged that a majority of the refugees were not from Syria, and that many began to inflict violent crimes such as rape and murder on the regular citizens of Germany, that support has turned into rebellion, and is now knocking on the door of the government itself.

Read more on this article here...

Monday, August 19, 2013

What does Congress and Islam have in common? They both are exempt from Obamacare

Earlier this month, Democrats flocked to President Obama demanding action which would ensure they and their staffers would not be liable to the edicts of the Health Care bill (Obamacare) they pushed through Congress in 2009.  And in a ruling made by the Executive Branch’s Office of Personnel Management on Aug. 2, this ‘crisis’ was averted.
So now Congress, who promised the American people a fair health care plan that would last generations, now can add themselves to the nation of Islam, which under the provisions of Obamacare, is exempt from its requirements and taxes.
 
 
Read more on this article here...

Tuesday, September 20, 2011

Colorado school places Islamic Flag above the US flag (all bow to Mecca)

Schools... those lovely institutions that have taken over childcare and programming from the parents as Bernakes inflation forces families to work, work, and work some more to pay for Obama's new tax scheme.

Well, for all you tired parents who trust in government to protect your freedoms and prepare your children  for the future, don't be surprised when your kinds come home one day and demand a prayer rug to sing the praises to Allah.


The picture, first published on the blog www.greeleyreport.com and was attributed to a reader, shows the American flag at Bauder Elementary School in Ft. Collins lowered while the Saudi Arabian flag was elevated.

The display is a violation of Public Law 94-344 of the Federal Flag Law which states “No other flag or pennant should be placed above, or, if on same level, to the right of the flag of the United States of America,…No person shall display the flag of the United Nations or any other national or international flag equal, above, or in a position of superior prominence or honor to, or in place of, the United States at any place within the United States or any territory or possession thereof:…”


Its 2011, and do you know where your country is?