Wednesday, August 15, 2018

As Goldman Sachs claims to be doing the work of the God of Israel for the West, China may be doing Allah's work in aiding Turkey

There is an interesting dichotomy when it comes to usury in the religions of Judaism and Islam, and this of course has had quite fascinating results within the public and private debt markets of both the Judeo-Christian and Islamic nations.

Charging interest on money was a heresy for both the followers of the Torah and also for those who follow the Quran, but ever since the original Judaism was re-written by the Pharisees following their ouster from Jerusalem in 70 A.D., Jews are now allowed to charge interest on money to the Goyim (non-Jew).

The Torah and Talmud encourage lending money without interest. But the halakha (Jewish law) that prescribes interest-free loans applies only to loans made to other Jews. Jewish law allows making loans with interest to persons who are not Jewish.
On the flip side, the Quran does not stop a Muslim from borrowing money at interest, but rather that they cannot do so themselves, or receive a benefit from the lending of money to others.
Central to Islamic finance is the fact that money itself has no intrinsic value; it is simply a medium of exchange. Each unit is 100% equal in value to another unit of the same denomination and you are not allowed to make a profit by exchanging cash with another person. A Muslim is not allowed to benefit from lending money or receiving money from someone. 
This means that earning interest (riba) is not allowed – whether you are an individual or a bank. To comply with these rules, interest is not paid on Islamic savings or current accounts, or charged on Islamic mortgages. – The Guardian
So where the dichotomy between East and West, and Judeo-Christian vs. Islam emerges is in the fact that most of the banks and money-lenders throughout the U.S. and Europe are of a Talmudic Jewish background, and where a large majority of the financial systems in the Middle East are theocratically run through the religious doctrines of Sharia Financial Law.

Doing God's work... but which God?
The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, says he believes banks serve a social purpose and are “doing God’s work.” – New York Times
The current banking system used throughout the Western world originated from the platforms created by the Talmudic Jewish family known as the Rothschilds and their use of credit and debt to run the monetary systems of nations and economies.  And within that platform is also the ability for the bankers to control political and military systems which often result in the use of force or coercion to enact policies on nations such as through austerity.
The World Bank and the International Monetary Fund (IMF) are the two most powerful institutions in global trade and finance.1 Since 1980, the United States government which dominates both bodies has used them to economically subjugate the developing world. The World Bank and the IMF have forced Third World countries to open their economies to Western penetration and increase exports of primary goods to wealthy nations. These steps amongst others have multiplied profits for Western multinational corporations while subjecting Third World countries to horrendous levels of poverty, unemployment, malnutrition, illiteracy and economic decline. The region worst affected has been Africa. For two decades the World Bank and the IMF have forced developing countries to create conditions that benefit Western corporations and governments. These conditions are known as Structural Adjustment Programs (SAPs). SAPs require governments to: cut public spending,(including eliminating subsidies for food, medical care and education); raise interest rates, thus reducing access to credit; privatize state enterprises; increase exports; and reduce barriers to trade and foreign investment such as tariffs and import duties. – Halifax Initiative
Thus for decades doing 'God's work' for those claiming to follow the God of Israel meant indebting, pillaging, and ultimately impoverishing countries to the benefit of a select few.

On the flip side we come now to Turkey, and a recent comment made by President Erdogan regarding their need to overcome current financial struggles through the strength of power of their god, Allah.
Mr Erdogan framed Turkey's crisis as a “national battle” against economic enemies, including the US. “If they have their dollar, we have the people, we have Allah,” he said, appealing to his religious Muslim base. His supporters in the crowd ripped up one dollar notes in protest. – UK Telegraph
And ironically that 'god' may be coming in the form of China.
China is under increasing pressure to provide more financial support for Turkey following calls for aid from President Erdogan as he defends his country’s economy from the fall out of its dispute with the US. 
China has been seeking closer ties with Turkey including advancing loans for development. – The Australian
In the end, the Gods of both religions have nothing to do with how banks are run, or how debt financing is acquired.  Yet sadly from time immemorial, men has sought to justify their actions by claiming they are doing so by the 'will of God', despite the fact that more often than not, the outcomes of their actions are against the very laws laid out by these same deities.

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