FATF: When the West plays God
John Pilger coined the chilling term “unpeople” more than a decade ago and regrettably, it is true even today. “Unpeople” refers to millions of people belonging to poor marginalized countries whose interests do not align with western interests. On June 25, 2021, despite the successful implementation of 26 out of 27 points Financial Action Task Force (FATF) decided to keep Pakistan on the grey list.
Today, on 21st October 2021, when Pakistan successfully met the rest of the criteria; FATF extended the list of criteria against Pakistan and decided to keep it in the grey list. Honestly, the question never was that will Pakistan be out of the grey-list or not; the question was that what will FATF do to keep torturing Pakistan for joining the Chinese Camp and the CPEC Project which doesn’t go in line with the interests of the West. Breaking the chains of slavery was never easy and Pakistan is paying the price.
“Pakistan remains under increased monitoring (grey list). The Pakistan government has two concurrent action plans, with a total of 34 action plan items. It has now largely addressed 30 of the items,” said Marcus Pleyer, president FATF.
Noam Chomsky says that there is a difference in the way doctrines apply to the rich countries and poor countries; in plain words, it is the hypocrisy that creates a trust deficit. In 1965 when Pakistan was a US ally, Pakistan was at war with India. The US imposed an arms embargo on Pakistan when it was dependent on its supplies. Naturally, Pakistan felt disappointed by the US which should have extended help as per the assurances given at the signing of the South-East Asia Treaty Organization (SEATO) and Central Treaty Organization (CENTO). To avoid relying on a single supplier Pakistan reached out to China from where it secured not only Chou-en-Lai’s assurances of support to Pakistan in the event of Indian aggression but also military supplies.
Pakistan becoming independent became a concern in Washington and so the US lifted the arms embargo partially in 1967. Notice how Pakistan becoming independent is a concern even today and causes a stir in US policy. This is why relying solely on FATF which is the G7 colonizers in a newer packaging would be a serious mistake. As we see from the example of the 1965 arms embargo betrayal, Pakistan needs to reach out gradually towards alternative economies whose interests are in line with Pakistan’s National interests.
Human economic history and monetary history have seen nothing like the modern-day International Monetary System and the International banking system. These are absolutely unique phenomena in the history of mankind. These systems come bearing gifts, the human race had not witnessed the unique injustice and oppression which has been imposed on us through the modern-day systems of banking and money. Therefore, we investigate and try to find out, where the devil resides?
A Pure economic and monetary analysis of the international monetary system and international banking system cannot explain the unjust occurrences which it has enabled for mankind over the years. The matter requires critical questions which are not directly related to the economy, to fully comprehend the devil at hand. We see that throughout history, humans successfully traded in real wealth such as gold, silver, copper, and crops.
The system helped the civilizations progress and thrive, then how did we end up with a centralized economic system which is primarily governed by the G7 countries which include the Colonial and Neo-colonial powers of the world. We know that actions speak louder than words and it’s a known fact that the agenda of the Colonial and Neo-Colonial powers of the world was and remains to establish their dominion over the rest of the world. The repeatedly imposed wars by the West are a validation of this claim and the same led to aggression and colonization of the Non-Western world, the “unpeople”. Therefore, a system that controls the economic lifeblood of the entire world, being run directly by such people’s hands, should make us worried.
Some valid questions to ask would include:
· Was it an accident or deliberately done that the decolonization ensured that the “unpeople” becomes a part of this strange new financial system in which for the first time in the history of mankind we were prohibited to use real wealth i.e., gold and silver as money by the international law and in which money with intrinsic substantial value was replaced by paper notes with no real value?
· Is it by chance or deliberately done that the Western Monetary systems are supporting the Western banking system, which work together in harmony and if you notice their achievements; the Western client countries are all prospering and progressing in every sense of the world whereas the non-western countries or the unpeople are a huge block of poor and bankrupted nations?
· Did the economic ruin, caused by the International Monetary system, and poverty enable or disable political slavery of the non-western countries? Does this servitude not conform with the agenda of Zionism?
In Hadith, Muhammad ﷺ said, Narrated Thawban:
The Prophet ﷺ said: The people will soon summon one another to attack you as people when eating invite others to share their dish. Someone asked: Will that be because of our small numbers at that time? He replied: No, you will be numerous at that time: but you will be scum and rubbish like that carried down by a torrent, and Allah will take fear of you from the breasts of your enemy and last enervation into your hearts. Someone asked: What is wahn (enervation). Messenger of Allah (ﷺ): He replied: Love of the world and dislike of death.
(Reference: Sunan Abi Dawud 4297)
Allah, the creator of the Universe says that the Quran explains everything:
“…for one Day We shall raise up within every community a witness against them from among themselves. And thee [too, O Prophet,] have We brought forth to bear witness regarding those [whom thy message may have reached], in as much as We have bestowed from on high upon thee, step by step, this divine writ, to make all things clear (i.e., to explain all things), and to provide guidance and grace and a glad tiding unto all who have surrendered themselves to Allah.
(Qur’an, al-Nahl, 16:89)
The world government, world economy, and a global currency all function in a single centralized manner, supporting one particular Western race, its actions are relatable to the “one” single eye. In Hadith, Muhammad ﷺ said, “…He is one-eyed while your Lord is not one-eyed…”.
(Reference: Sahih al-Bukhari 7408)
After the first and second world wars, at the Bretton Woods Conference in the year 1944, the Western Monetary system came into being. The western leaders decided that the world’s monetary system will work on “one” single currency which is the US dollar. The ordinary people were to use paper currency while the governments and banks could redeem the dollars in gold. The exchange rate was $35 per ounce of gold. “One” centralized institution known as the International Monetary Fund (IMF) was created.
Each member of IMF was required to deposit with the IMF 25% of all gold reserves that the State possessed. How convenient. Now more than ever, the Islamic Scholarship is required to speak against this innovative monetary system which is Bidah and un-Islamic and is anguishing the non-European world.
A false impression was given showing that the new monetary system was somehow based on gold, but this was a façade. The gold that was deposited by member States to IMF was a way for them to seek loans on interest/ Riba backed by something of value from the IMF. Also, by this move, IMF got first-hand information about the gold reserves of each member State. The Islamic scholarship should have questioned that why the IMF is so interested in knowing the number of gold reserves each member State has?
What the IMF did not disclose was that the US dollar would remain redeemable in gold only for as long as it was in the interest of the US government to do so and if not, the US could go back on this legal obligation under the Articles of Agreement. So the US government has no legal obligations to redeem the US dollars for gold and it refuses to audit the gold which it has acquired from the rest of the world. Once again, how convenient. Let that sink in.
The IMF never explained why it prohibited the use of real wealth in the world and why the mysterious prohibition of gold was done. As Shaykh Imran Hosein comments, the prohibition of gold maybe because of the following reasons:
1. Gold is a threat to a bogus paper-based economic system.
2. Ensuring that the US government acquires all the gold from the rest of the world never to give it back and once the bogus economic system collapses, the US ensures its survival and dominance over the rest of the world.
3. The IMF loans were secured by gold, so the member States kept storing more and more to get their loans. This worked in favor of the US.
Allah says in the Quran about Interest/Riba:
And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal — [thus] you do no wrong, nor are you wronged.
(The Quran 2:279)
The Qur’an and Sunnah define money as wealth with intrinsic value, not the bogus paper notes. The abandonment of real wealth is therefore un-Islamic. The Islamic scholarship must stand up and educate the Ummah about these carefully hidden facts which are sucking our blood and enslaving us even after the colonizers have been ousted out.
After the Vietnam war, which was financed by extensively printing paper money, it became impossible to uphold the Bretton Woods Agreement and therefore a new strategy was required to help the “one” centralized bogus financial system, survive. After the 1973 Arab-Israeli war and the simultaneous Arab oil embargo on the US, came the secret establishment of a spectacularly cunning Petro-dollar monetary system to the rescue.
Among the Signs of the Last Day prophesied by Prophet Muhammad (peace and blessings of Allah Most High be upon him) is that “the river Euphrates would uncover a mountain of gold”. He said that “people would fight for that gold and 99 out of every 100 would be killed. Each one of them would however expect to be the ‘one’ in 100 who would survive”. He went on to warn that “whoever is present at that time should not take that gold”. (Sahih Bukhari). Today, Petroleum is the other name of liquid gold.
The American Secretary of State, Henry Kissinger negotiated with King Faisal an agreement which said that oil can only be sold for US dollars. Other Arab countries also joined this agreement. This was the birth of the Petro-dollar.
The US was no longer concerned with the gold reserves for the circulation of the US dollar. The US could raise or drop the price of the dollar infinitely, at will, without posing any threat to the US dollar. Can it get more convenient than this? It does.
Former Malaysian Prime Minister Dr. Muhammad Mahathir wrote his views on this matter. He said: “Q E II — 2: The world is being taken for a ride by the great western countries”. Q E II — 2 is a term invented by the West, it stands for printing money to pay debts or to revive the economy. It stands for Quantitative Easing No 2.
This Q E is a prerogative for the wealthy nations only. Countries like Greece, when in crisis, were not allowed to print money or cheques. Greece had to borrow from the wealthier European countries to repay its loans. The west doesn’t even bother to waste money and transportation effort on printing paper notes, the money is simply credited to the banks as e-money.
The world is being deceived by the wealthy Western countries and their international monetary system. It is their way or the highway, that’s how chained we all are. If the international monetary system was fair, the colonial and neo-colonial powers would’ve been bankrupted by now but the reality is that they’re not. However, the non-European world is. Instead of having to sell their industries and resources, all they have to do is print money and revive their dying banks. How corruptly convenient. Hearing about the transparency of business practice and terror financing from these culprits is ironic and hypocritical. There is no legal limit to the creation of money, the sky is the limit.
As John Perkins says in his book Confessions of an Economic Hitman “Fear and debt. The two most powerful tools of empire… It is not about changing the mechanics of economics. It is about changing the ideas, the dogmas that have driven economics for centuries: debt and fear, insufficiency, divide and conquer”. Today we do not have The East India company invading us, but we do have organizations of Economic control, people in local and international media, and social media who want to damage the case of Pakistan. The powerful have always tried to consolidate their control over the world and not much stands in their way except a few determined countries and individuals, but history teaches us that this is sufficient.
The time has come for the international monetary system member States to tap into alternative economies, become self-sufficient by supporting one another and adopt novel measures to break the chains of G7 slavery. The first step towards this transition is the realization of the problem. We expect the Muslim Scholarship to spread awareness so that the Ummah comes together. We also need to question the system of the “one” eye, why is the centralized western economic system controlling the entire world’s jugular vein? A convenient escape cannot be granted anymore.
References
Hosein, I. (2021). ISLAM, THE PETRO-DOLLAR AND BEYOND. From http://imranhosein.org/n/
IMF. (n.d.). IMF. From https://www.imf.org/en/About
Indileak. (n.d.). Pakistan continues to remain under FATF’s Grey List, Turkey named too. From https://indileak.com/2021/10/pakistan-continues-to-remain-under-fatfs-grey-list-turkey-named-too/
Naz, H. (n.d.). FATF grey-listing the “unpeople”. From https://humairawajahat.medium.com/fatf-grey-listing-the-unpeople-a37a2752818c
