!!! Malaysia ersetzt Dollar durch Gold-Dinar !!!! - 500 Beiträge pro Seite

[ThaiGuru]

Fast unglaublich !

Malaysia will den Dollar im Aussenhandel durch den islamischen Gold Dinar IGD ersetzen! Diese Meldung wird heute, mindestens in Asien die Zeilen der Presse füllen!

GOLD DINAR


January 30, 2002

PUTRAJAYA

Islamic gold dinar won`t hit ringgit: Dr M

MALAYSIA`S planned adoption of Islamic gold dinar (IGD) to replace the US dollar in international trade will be conducted without shaking the stability of the ringgit.

Prime Minister Mahathir Mohamad, in his meeting with the IGD promoters yesterday, stressed that the ringgit would remain for local transaction.

The IGD promoters were led by Umar Ibrahim Vadillo, one of the leaders of Murabitun World Wide Movement, an international Islamic movement that has been promoting the IGD since it was first minted in 1992.

Mr Vadillo was accompanied by Islamic Mint Sdn Bhd chairman and chief executive officer Zaitoon Othman and Shamsudeen Yunus, respectively.

Speaking at a press conference after the meeting, Mr Vadillo said that in the transition to IGD for international trade, the ringgit would be protected.

`The Prime Minister wants the transition to be done with great care so as not to disturb the credibility of the local currency,` he said.

As such, a cautious approach would be taken in developing and establishing IGD as payment for international trade, Mr Shamsudeen added.

He said that towards this end, a series of workshops and seminars would be organised locally to study in detail the best possible ways to implement a trading system for IGD.

Mr Vadillo said that an electronic version of the physical IGD, called e-dinar, was already operational and has some 300,000 account holders opened by people in 160 countries.

`e-dinar provides the means of trade payment to other countries that could take within mere seconds,` he added.

Mr Vadillo also disclosed that Dr Mahathir had wanted a study to be done on how to handle and promote an Islamic trading bloc through the use of IGD. - Bernama

[ThaiGuru]

Hier noch der direkte Link zum orginal Artikel auf der Homepage der Nachrichtenagentur Bernama, in Malaysia.

http://www.bernama.com/web/business/bu2901_21.htm

TG

[weehaa]

Wie bewertest du den Schritt ????
Folgen ggf. andere muslimische Staaten ? (Indonesien?)

[ThaiGuru]

@weehaa

Malaysia seht unter riesigem Druck wegen dem Peg System Dollar/Ringit. Da die umliegenden Länder, resp. deren Währungen, die nicht gepegt sind alle gegenüber Malaysia billiger geworden sind. Malaysia hatte letzte Woche Japan schon mal gedroht, dass sie einer weiteren Abwertung des Yen nicht weiter tatenlos zusehen können.

Malaysa steht mit Amerika, Australien und weiteren Ländern auf "Kriegsfuss" wegen der Politik von Mahatir, und dem Prozess, Verurteilung, und der Inhaftierung von seinem ehemaligen Stellvertreter Anwar, wegen Sodomie. Malaysia war auch schon im Gespräch im Zusammenhang mit dem Krieg gegen den Terror. Mahatir möchte vielleicht zwei Fliegen mit einer Klappe schlagen. Einerseits eine versteckte Abwertung des Ringits, unter dem Deckmantel Golddinar, und andererseits den Amerikanern etwas ans Schienbein treten, mit seinen Plänen zur Abschaffung des Dollars im Aussenhandel. Er mag übrigens Hedge Funds und speziell den Sorros ganz und gar nicht, da diese früher die malaysische Währung mehrfach angegriffen haben. Das führte unter anderem zur Einführung des Peg Systems.

Ob Indonesien sowas auch machen wird? Ich glaube momentan nicht daran, solange die noch den IMF benötigen.

Habe mehr Bedenken, dass die arabischen Länder da mitmachen werden.

Stell dir mal die Schlagzeige vor:

Oel nur noch gegen islamische Gold Dinars!


Mann sieht, Gold ist einfach nicht tot zu kriegen.



TG

[Sep]

Der gute Mahatir,

wenn Gold steigt, steht der dann ohne Geld da.

Das hat ihm dann sein Lieblingsfeind, der Soros, abgeknöpft. Der weiß auch schon, wie ers macht, und nach seinem Selbstverständnis wird er es auch machen, sobald Gold steigt. So, wie die sich beharkt haben.

Irgendwie kriegt der Mahatir das nicht gebacken.

SEP

[ThaiGuru]

Weil dieser 24 Std. Gold Chart sooooohhh schööööönnn anzusehen ist, mindestens solange wie er weiter ansteigt!




TG

[xnickel]

Bestenfalls Nachrichtenknüller, falls überhaupt Ernst.
Das würden zumindest alle Ölverbraucher bekämpfen.
Denke, daß solltest Du sogar nicht wünschen, Thaiguru.
Keine Chance.
xn

[ThaiGuru]

@xnickel

Der Link nur für Dich!

http://www.e-dinar.com/en/main_parts/5/5_what.html

[hbbbh]

e-dinar ist doch nur religiös aufgepepptes e-gold oder ??? und wenn ich die website von e-dinar lese . .dann darf ein muslim doch nur gold und silber als zahlungsmittel akzeptieren. Worin unterscheidet sich das "Versprechen" von e-dinar vom "Versprechen" der Notenbanken mit ihrem "fiat-money" ?? ist doch beides auf Vertrauen gegründet ... und einer Firma auf den Bahamas vertraue ich nun mal nicht so unbedingt .. solange es nicht meine eigene ist .. *grinz*

[ThaiGuru]

@hbbbh

Der kleine aber wichtige Unterschied liegt darin, dass der E-Dinar durch physisches Gold gedeckt ist!

Gruss

TG

[ThaiGuru]

Das sind Worte von der e-dinar.com Homepage!

*************************************************************************************************

Gold and silver are the most stable currency the world has ever seen


From the beginning of Islam until today, the value of the Islamic bimetallic currency has remained surprisingly stable in relation to basic consumable goods:

A chicken at the time of the Prophet, salla`llahu alaihi wa sallam, cost one dirham; today, 1,400 years later, a chicken costs approximately one dirham.

In 1,400 years inflation is zero.

Could we say the same about the dollar or any other paper currency in the last 25 years?

In the long term the bimetallic currency has proved to be the most stable currency the world has ever seen. It has survived, despite all the attempts by governments to transform it into a symbolic currency by imposing a nominal value different from its weight.

Reliability

Gold cannot be inflated by printing more of it; it cannot be devalued by government decree, and unlike paper currency it is an asset which does not depend upon anybody`s promise to pay.

Portability and anonymity of gold are both important, but the most significant fact is that gold is an asset that is no-one else´s liability.

All forms of paper assets: bonds, shares, and even bank deposits, are promises to repay money borrowed. Their value is dependent upon the investor`s belief that the promise will be fulfilled. As junk bonds and the Mexican peso have illustrated, a questionable promise soon loses value.

Gold is not like this. A piece of gold is independent of the financial system, and its worth is underwritten by 5,000 years of human experience.

[hbbbh]

**** @hbbbh

Der kleine aber wichtige Unterschied liegt darin, dass der E-Dinar durch physisches Gold gedeckt ist!

Gruss

TG ***

===========

und wer garantiert mir das ?????? etwa eine Firma mit Sitz auf den Bahamas ????

mfG

hb

[Blecheuro]

Hallo Thai Guru!

Bin gerade erst nach Hause gekommen. Freue mich, daß Du noch an Board bist und so einen schönen Beitrag soeben gepostet hast. Eigentlich müßte es bld aufwärts gehen, oder?

[ThaiGuru]

@hbbbh

Wiso kommst Du auf Bahamas?

Hier die von Dir gewünschten Angaben zum Sitz der Firma, Bankverbindung etc. von e-dinar.com!

Falls das Dir nicht genügt, hat die Homepage noch eine Fragen und Antworten Seite http://www.e-dinar.com/de/main_parts/7/main.html

e-dinar: das Unternehmen
4Q 1999
Geschäfts-Konzept
- Geschäfts-Strategie
- Investitionsplan


1Q 2000
Design des Geschäftsprozesses
- Business Rules
- massgebende Geschäftsprozesse

1/2Q 2000
Software- und Technologiedesign
- SW Entwicklungsplan
- Resourcen und strategische Partnerschaften

3Q 2000
e-dinar inkorporiert formal in Labuan, Malaysia
- 100% private Eigentümer
- geplante inkorporation in VAE und anderen Ländern



Firmenadresse
e-dinar Ltd.
c/o Abacus Trust
7E Main Office Tower
Financial Park Labuan, Jalan Merdeka
87000 Labuan, Malaysia



Bank Adresse
e-dinar Ltd.
Acct: 20268
Standard Chartered Bank Offshore
address: Level 10 (F) , Main Office Tower
Financial Park Labuan, Jalan Merdeka
87000 Labuan, Malaysia
SWIFT-CODE: SCBLUS333(ABA256)



Vorstand
- Dr. U. Vadillo, President of the Board (UK)
- Dr. H. Dahinden, CEO (Schweiz)
- Mr. A. Rahman Shariff, CFO (Malaysia)



Operations
- Mr. Y. Cattanach, COO (Dubai - UAE)
- Mr. M. Hirsch, CTO (Deutschland)



Kontakt e-mail
[e-mail]

[ThaiGuru]

@Blecheuro

Es sieht sogar sehr gut aus!

Morgen sehe ich zwar für Silber noch weiteren Verkaufsdruck, das kann für Neueinsteiger zum Einkauf benützt werden. Gold könnte morgen bereits wieder anziehen.

Die Mienen haben heute trotz flachem Gold und fallendem Silberpreis mehrheitlich zugelegt. Vor allem die südafrikanischen Gold Minen, sind geschlossen gestiegen.
Auch die canadische Mine, Rivergold *RIV* steigt und steigt! Zur Zeit steigen die Australischen Minen stark.
AUG = + 3.23%, SPX = + 2.56%, CMX = + 27.91%..........

Sehe es Dir doch am besten selber an.

http://finance.yahoo.com/q?s=aug.ax+agz.ax+mmn.ax+cmx.ax+mee…

Gute Nacht

ThaiGuru

[alterhaase]

???

vor dem Hintergrund war es vielleicht doch richtig meine verlustreichen Aurora zu behalten,

gibt es Meinungen dazu ?

Danke

[alterhaase]

http://www.auroragold.com.au/
http://www.auroragold.com.au/pdfs/ASX_Board_Change_14_November1.pdf

[hbbbh]

ich dachte ich was über eine Verbindung zu den Bahamas auf www.e-dinar.com gelesen. Doch auch ein Sitz in Malaysia überzeugt mich nicht. Und die Argumentation bezüglich des Koran finde ich auch nicht sonderlich überzeugend.
Die Idee allerdings finde ich sehr gut da ich den Wert von Papiergeld ( fiat-money ) auch nicht sehr überzeugend und vor allem leicht manipulierbar halte. Nichts geht über echte Gold- bzw. Silbermünzen. Ich würde mir gerne nen Lederbeutel zulegen wenns mal keine Papierscheine mehr gäbe ;-)

[AsiaGold]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[ombaba]

Papiergeld ist Idealismus.

Wir beobachten seit einigen Jahren einen Zusammenbruch
von idealistischen "Werten".

Ich bewerte dieses Experiment Gold-Dinar als eine interessante Bewegung aus festen Glaubenssystemen
herauszukommen.

[ThaiGuru]

http://www.tehrantimes.com/Description.asp?Da=10/26/02&Cat=9…



October 26, 2002

Malaysia Backs Iran Proposal to Set Up International Gold Dinar


KUALA LUMPUR -- Prime Minister Mahathir Mohamad has agreed with Iran`s proposal to set up a secretariat in Malaysia to use the gold dinar among central banks of world Muslim countries, IRNA reported.

"Iran is keen, so we might do this with them," he told newsmen after closing the International Seminar on Gold Dinar in Multilateral Trades organized by the Malaysia`s Institute of Islamic Understanding (IKIM).

Mahathir said he would inform the cabinet of the proposal and if there were agreement, Bank Negara (Central Bank) would be informed.

Earlier during a question-and-answer session, Iranian Central Banker Bijan Latif had suggested that Malaysia set up a secretariat here to provide information on the concept.

Mahathir had responded that it was a good idea to have a secretariat here to facilitate communication with central banks of other Muslim countries to explain the concept and examine the laws to allow the use of the gold dinar.

In the session, IKIM Chairman Ahmad Sarji Abdul Hamid outlined some of the proposals and issues that needed to be examined before implementation.

He said there was an existing prohibition by the International Monetary Fund (IMF) on the use of gold as a medium of payment and the proposed gold dinar would be a potential violation of the rule.

He said there was also a need to study the effects of using a dual currency system tool and whether this would impede the growth of the gold dinar.

Mahathir later told the press conference these were problems that should be looked at and resolved.

He said potential countries to use the dinar for trading were Muslim countries with a stable economy.

In his speech, he said countries should not be too ambitious in launching the gold dinar for multilateral trade at one go, suggesting instead they start by pairing off two countries. He believed anarchy in the international financial regime would remain because it benefited the rich and powerful and to "protect ourselves, we must evolve our own payment system, our own trading currency."

He said the gold dinar could be the currency for trade between nations and if all trade items were valued against gold, then there would be no problem with exchange rate.

Mahathir said while gold price could also be manipulated, this was not as easily done as the U.S. dollar or other currencies.

"No one can sell gold at below market price because he just will not be able to deliver when called upon to do so. Short selling will be very difficult, if not impossible," he said.

He stressed the dinar was intended exclusively for international trade and was not to be used as currency for daily transactions in the domestic market because it was heavy and cumbersome to carry.

[granitbiss]

na, da wird der Handel wohl bald gegen NULL gehen

[granitbiss]

Thai

11 Month ago ???????????????????????

Nichts geworden ?????????????????????????

Nicht fast unglaubwürdig -------- UNGLAUBWÜRDIG
Nicht fast unglaublich -----------UNGLAUBWÜRDIG

hahahahhhahaha füt den Dauerkopierer

Fast unglaublich !

Malaysia will den Dollar im Aussenhandel durch den islamischen Gold Dinar IGD ersetzen! Diese Meldung wird heute, mindestens in Asien die Zeilen der Presse füllen!

GOLD DINAR

[Sovereign]

"hahahahhhahaha für den Dauerkopierer"

Granitbiss, es gibt etwas, daß ich Dir schon lange einmal sagen wollte:

"Du hast definitiv keinen Stil!"

[granitbiss]

Sovereign

und Dir wollte ich es nicht sagen.

Vielleicht ist das Stil-

[Sovereign]

Ach laß Dich nur über mich aus; stört mich nicht weiter, denn es zählt nicht, was jemand sagt, sondern wer es sagt.
Man kann über ThaiGurus oder Blecheuros postings denken was man will (ich bin auch nicht immer erbaut davon), dessen ungeachtet sollte man allerdings seinen Schreibstil in Griff behalten.
Das ist bei Dir leider überhaupt nicht der Fall. Insofern wiederhole ich mit der gebotenen Süffisanz meine Aussage: "Du hast definitiv keinen Stil."

Auf einen Gruß verzichte ich an dieser Stelle. Heucheleien jeglicher coleur widern mich an.

Sovereign

[granitbiss]

sovereign

gegrüßt habe ich Dich noch nie, das Fehlverhalten möchte ich mir nicht antun.

Wer was sagt kannst Du nicht beurteilen, es es sei denn Du kennst alle "wer und was"

Du willst Dich ja gerne als "Intellektuellen aus Hamburg" darstellen.

Meine Familie gehört zu den wenigen (Hugenotten)- Familen, die in Hambuer nachweislich vor dem 30jährigen Krieg sesshaft waren. In der alten Hammer Kirche hängt noch unser Familenwappen.

Zeugt allerdings auch nicht für alles , gebe ich mal zu

Es git aber keinen der so profilierungssüchtig als angeblicher "Hamburger" ist wie.
Ich kenne allerdings auch keine "Buletten".

Aber ich kenne
3-5 ganz tolle Gold-Gurus
die hier nicht anderes gelten lassen

Nimm dir ne Zigarre einen Whiskey
und poste hier noch mal. dass Dir sterbende Kinde überall recht, insbesondere In Minen

[Sovereign]

granitbiss

Geht das nicht etwas zu weit, hier mit einer "Abstammungslehre" aufzutrumpfen? Hatten wir das nicht im letzten Jahrhundert unter einem österreichischen Reichskanzler schon mal?
Ich habe übrigens nie behauptet, ein Hamburger Pfeffersack zu sein. Ich arbeite zeitweise in Hamburg, that`s it und wohnen tue ich in Kiel.
Und wenn Du unbedingt meine Abstammung in Erfahrung bringen willst: Ich stamme von dickköpfigen Holsteiner Bauern ab. Wenn`s mir Spaß machen würde, könnte ich alles bis zur Schlacht von 1500 bei Hemmingstedt zurückverfolgen, bei denen 3000 dieser dickköpfigen Bauern ein dänisches Invasionsheer von 12.000 Mann zum Teufel schickten, und ihren Möchtegern-Lehensherren zeigten, was sie von ihnen hielten.
Aber, ist sowas wirklich interessant? Ich schätze eher nicht.

Und was den "Intellektuellen" angeht...Ist es ein Verbrechen, ein größerers Vokabular als die durchschnittlichen 3000 Begriffe draufzuhaben, mit denen sich die Proletenmassen verständlich zu machen pflegen?
Wenn Du diversen Redewendungen und Satzzusammenhängen nicht folgen kannst, dann tut es mir leid für Dich. Dessen ungeachtet, geben Dir Deine offensichtlichen Defizite jedoch nicht das Recht, hier rüpelhaft rumzustänkern.
Ich habe Deine Eskapaden lange genug betrachtet, um mit voller Gewißheit sagen zu können, daß Du weder Klasse noch Stil besitzt.

Was die Begrüßungsformeln betrifft: Mit Deiner Ablehnung kommst Du mir entgegen. Ich pflege derartige Flegel grundsätzlich nicht zu grüßen.

[ThaiGuru]

Annerkennung für einen Goldkenner und "Verschwörungstheoretiker"!

"James Sinclair" hat eine Einladung aus Malaysia erhalten, bei der offiziellen Einführung des Gold Dinar, Anfang 2003, zu sprechen.

Gruss

ThaiGuru


22. Nov. 2002

Gold Did Ok considering
The Dollar Didn`t considering

By
James Sinclair

Hewlett Packard announces ok earning and the stampede is on to buy tech stocks. Your had to see this rush to get in. It appeared as if you had to buy the techs before there is no stock left to own. The bull`s assumption must be that the 1999 -2000 bull market in tech equities has to be just around the corner. The Dow makes a 200 point plus leap forward as the talking heads just go blissfully wild over the rally with legs. The Dollar goes down! What? That can`t be.

The common stock of the USA declines within its already defined bear market. At plus 200 points, most gold investors prefer not to look at gold bullion. It must be in some deep dark hole somewhere in the subterranean depths. What gold is $318.10? Don`t you mean $310.10? No, gold sold off $0.10 in this market of fabulous newfound faith in paper assets. Hardly convincing that gold is internally weak in my opinion. Quite to the contrary considering the raging bull is lose again, for a while anyway.

Gold:

Major resistance has fallen from $326.25 to a range of $322.50 - $324.50 currently and for the next two weeks. A close above $324.50 would signal a break to the upside and, IMO, the termination of the Bearish Pressure.

Present negative pressure, IMO, cannot continue past another 9 to 12 days. It can end anytime in between.

Present Support is at $317.50
Very major support now stands at $312 -$314.
Massive Support stands below that $305.50 - $309.50

From gold`s internal figures, it now seems to me that the gold cartel, if they have any muscle left, will attempt their intervention much lower levels than the $329 - $330. I expect the line in the sand now to stand at $324.50. A close above that should take out the $329 - $330 is short order.

The US Dollar:

The equity market vaults more than 200 points and the dollar goes into the downstairs vault. How does the equity bull explain that? Maybe they say it was only US buyers today in the market, no other nationalities allowed. Well, that is foolish. The dollar is being sold into strength under the cover of an equity market rally. So goes the dollar, so goes gold - inversely. As gold goes, so do gold shares.

The Dow Industrial Average:

The market has 4 more days, IMO, to do its thing for the bulls. 8870 -8900 is serious resistance and the stone wall is 9180-9240. After that. I want some IBM puts.

To the Gold Community:

You will get your chance to sell your gold shares again if you want at good prices. If you have had enough of this community, please write that down so you remember to sell at the recovery highs equal to the recent rally highs. For those who wish to buy it is all in the PDT.

Personally, I still believe we are near to the end of this three year extremely bullish teacup technical formation and will in a short time be looking down at it from above. Draw those PDTs (power down trend lines) on your share prices and fax them to me for review. The number is 860 364 1019 in the evening and 860 364 0673 during market hours. I will again be totally caught up on faxes this evening. Have patience with emails. Each time I get them under 400, they go straight back to 800 the next morning.

I find it quite curious that ever since I wrote on the Islamic Dinar, I have been receiving the most perverse and deranged hate mail. The gold Dinar is very important to the gold community, so be assured, I will not be dissuaded by this campaign of hate emails from keeping you informed of all developments concerning the gold`s remonetization. The hate email only makes me more intense on my focus towards this totally unreported by public media important event of gold monetization.

I have a received an invitation to speak at the official inauguration of the gold Dinar in Malaysia in early 2003. That would indicate to me that the Prime Minister of Malaysia is quite serious about going through with this planned initiation of the Dinar which is undeniably gold monetization.

lemetropolecafe.com

[manfred1_I]

#3132 von ThaiGuru 25.11.02 01:14:38 Beitrag Nr.: 7.931.827 7931827
Dieses Posting: versenden | melden | drucken | Antwort schreiben


http://www.arabnews.com/Article.asp?ID=20613

SAUDI ARABIA`S FIRST ENGLISH DAILY

Malaysia hopes to start using Islamic gold dinar in trade

By Mushtak Parker

KUALA LUMPUR, 25 November 2002 — Is it time for emerging countries that have pegged their currencies to the US dollar or allowed them to shadow it, to start thinking of delinking? Especially at a time when there is increased pressure on the greenback in the face of a creeping recession in the US and of growing political tensions in a post-9/11 environment between the US and especially the Muslim world over differences in the fight against international terrorism.

[goldenbear2]

http://www.financialsense.com/metals/sinclair/editorials/200…

GUEST EDITORIAL
James E. Sinclair
Chairman & CEO of Tan Range Exploration Corp

Invitation Acceptance to the
Inauguration of the Gold Dinar
by James Sinclair
November 25, 2002



I would be honored to present a paper at the official inauguration of the Gold Dinar in early 2003 at the Jakarta, Indonesia conference. I would respectfully share my thoughts with the honored delegates along the line of the following:

The inauguration of the Islamic Gold Dinar in its present form is the most important monetary event since the Bretton Woods Agreement.

I see the Gold Dinar`s form as a measure for inter-Islamic countries` trade, with a quarterly settlement in gold as the first step toward a gold Islamic currency, which will be used extensively, in time, throughout Asia and Africa.

The Gold Dinar is not only a measure for settlement in gold. but also an expression of Islamic Self-Confidence. This is true as it acts to free those nations participating from the economic influence inherent in US dollar settlement and reserve dependency and represents a potential united common point for the goal of Islamic states` self-sufficiency.

The institution of the Gold Dinar will memorialize the bankruptcy of the IMF and World Bank theories of global markets and a US dollar reserve asset system as the cornerstone for the developing nations` economic success.

The institution of the Gold Dinar establishes a return to the use of gold with the result of setting in motion monetary disciplines that will in fact be adopted in time by the Western industrialized nations to restructure their own economic situation.

There is no question that the practice of "Personal Enterprise" as compared to "Free Enterprise" is the most dangerous element in today`s economic world. A short seller`s raid on Asian currencies made huge profits for its perpetrator, but caused significant human suffering as its price. The Gold Dinar is a strong functional insulation against any repeat of such a crime against humanity. The greatest risk today is not from any evil empire, but rather the evil practitioner of "Personal Enterprise"

I would present these and other concepts set on the foundation of the following statements made by key players in the world monetary environment as follows:

US Federal Reserve Governor Bernanke and Chairman Greenspan uttered the most pro-gold statements that I have ever heard. These statements, properly understood, confirm to me beyond any doubt that we are in the very early stages of an extremely long-term gold positive environment and a negative US dollar market. These words from the highest level of monetary management tell me that it is presently Fed strategy to see the dollar well under 100 on the US Dollar Index (a measure of the market position of the US dollars on a trade weighted basis). US Federal Reserve Chairman Greenspan said that, "Even with the key lending interest rate only slightly over 1%, the Federal Reserve would stimulate the economy by expanding monetary aggregates even if that rate were close to zero." Ben Bernanke, one of the Federal Reserve`s seven governors, followed up by saying, "The US government has a technology called a printing press - or, today, its electronic equivalent - that allows (the Federal Reserve System) to produce as many US dollars as it wishes at essentially no cost." Chairman Greenspan also said "There is virtually no meaningful limit to what we could inject (money supply) into the system, were it necessary."

I respectfully disagree with both eminent gentlemen, Chairman Greenspan and Governor Bernanke, in the assertion that there is no limit to freely printing or electronically creating money, at any level they deem required, by a failure of low interest rates to stimulate the US economy.

Will non-US holders of US Treasuries and US dollars sit back and enjoy being pillaged? The US economy has had years of lower interest rates with no stimulative effect on business. What makes anyone believe that US or world businesses will aggressively borrow money and expand activity because money is cheaper now? The cost of money has been cheap, cheap and cheaper on a constant basis for a long time. Clearly, we are being told that we are on the verge of even higher levels of monetary growth. That means lower-quoted market levels for the dollar and higher market levels for gold. It means to me that the world dollar reserve currency acceptance and present theories of global markets are going to come under reexamination.

Without question the adoption of the dollar reserve standard and global markets, as expounded by the World Bank and IMF Ivory Tower Ph.D. instructions, severely crippled Africa, the non-oil producing Mid Eastern nations, Central and South America because the sharply rising dollar held down their key commodity prices; while globalism failed to deliver the economic improvement as the IMF and World Bank Ph.Ds promised. Does China want inflation now on top of their internal banking problem? Do the Islamic oil producing nations want dollar inflation in exchange for the commodity, energy?

As the dollar now falls, the USA exports inflation to dollar reserve asset based nations. With gold being re-monetized by the events of the Gold Dinar, will Asian Islamic nations be tempted to consider alternatives to a dollar which the US Federal Reserve management has declared can be created by electronic printing presses at practically no cost? How can no-cost dollars command respect either in the market or as a reserve asset?

The more you produce of anything, the more likely you are to see the price decline. The dollar is not different from any commodity going into oversupply. Its price will decline and that decline will finally produce the limit to the printing press. The free and wanton creation of dollars to attempt to resuscitate a national economy will impact other nations in an inflationary way that have bought into the proposition of using the dollar as an alternative reserve currency. As the dollar rose significantly, we exported deflation. As the dollar falls, we will export inflation.

Please inform me the exact details of this momentous conference at which the inauguration of the Islamic Gold Dinar in its new form will occur, so that I can make the appropriate plans to attend and present.

Respectfully,
James Sinclair

[Pfandbrief]

The inauguration of the Islamic Gold Dinar in its present form is the most important monetary event since the Bretton Woods Agreement.

An Selbstvertrauen mangelt es da ja nicht!

[ThaiGuru]

Posted By: economica
Date: Monday, 25 November 2002, 4:02 p.m.

Of course, as you will read, DIABOLIC IMF does its best to describe Islamic Banking as a structure that could lead to a systemic risk.

I`ve only scanned 9 pages, I admit, but right now I am sickened as facing so much dishonestly... they keep talking/insisting of/on Islamic beliefs instead of Gold. A few times the report mentions "commodities" though.

the download may take some time, btw

http://www.imf.org/external/pubs/ft/wp/2002/wp02192.pdf

[ThaiGuru]

Malaysia hopes to start using Islamic gold dinar in trade

By Mushtak Parker

KUALA LUMPUR, 25 November 2002 — Is it time for emerging countries that have pegged their currencies to the US dollar or allowed them to shadow it, to start thinking of delinking? Especially at a time when there is increased pressure on the greenback in the face of a creeping recession in the US and of growing political tensions in a post-9/11 environment between the US and especially the Muslim world over differences in the fight against international terrorism.

[ThaiGuru]

Mahathir’s economic supremo, Datuk Mustapha Mohammed, who heads the National Economic Action Council (NEAC) in the Prime Minister’s Department, gave some indication of the conditions for delinking of the ringgit from the US dollar. “We will consider repegging if the real exchange rate is 20 percent above or below the current rate of exchange over a sustained period of time.” Datuk Mustapha did not expand on the time scale, but reiterated that delinking will take “quite some time.”

To Kuala Lumpur, seeking refuge behind the US dollar to keep the speculators at bay, is a mere tool of economic, financial and political expediency. What Malaysia is really after is a reform of the international currency system, especially to give emerging currencies more protection from unscrupulous currency raiders and speculators.

MORE:

http://www.arabnews.com/Article.asp?ID=20613

[ThaiGuru]

Posted By: Rosalinda

Date: Tuesday, 26 November 2002, 12:05 a.m.

[source: Malaysia Star, 11/22/2002]

U.S. WARNING COULD BE ECONOMIC SABOTAGE, SAYS DR.MAHATHIR

Malaysian Prime Minister Dr.Mahathir Mohamad said the latest warning by the United States on the possibility of terrorist attacks in Malaysia could amount to economic sabotage.

He said he did not know if there was an intentional plan to sabotage Malaysia`s economy by issuing such a public warning and naming the country, but the fact was that the move would hurt the country`s economy.

"They should tell us, who, where and when so that we can take action to prevent such attacks from happening instead of making such baseless allegations," said Dr. Mahathir.

"If it does not happen, the warning will only spoil our
economy.... The United States had no right to pass judgment on other countries when that country itself was a very dangerous place and not free from the threat of terrorism."

An official protest will be presented to the U.S., according to Deputy Prime Minister Abdullah Ahmad Badawi.

[ThaiGuru]

July 28, 2003 16:43 PM

Royal Mints To Promote Use Of Gold Dinar

SHAH ALAM, July 28 (Bernama) -- The Royal Mint of Malaysia, producer of Malaysia`s Gold Dinar, will approach Lembaga Tabung Haji, Bank Islam Malaysia, Bank Pertanian Malaysia and Bank Rakyat next month under its promotion drive to offer them Gold Dinar as an alternative way to save.

Separate presentations would be held for each of these organisations starting from Aug 1 with Tabung Haji, said The Royal Mint managing director, Datuk Megat Wahab Megat Abu Bakar.

He said the acceptance of the Gold Dinar as savings depends on the public`s response to the coins. The Gold Dinar would be offered to the public from next month.

Speaking to Bernama after the launching of the Gold Dinar as an optional salary scheme to Royal Mint`s employees here Monday, Megat Wahab expressed optimism that the public would widely accept the coins.

"Based on the optional salary scheme, we have a 50 percent success rate," he said pointing to half of Royal Mint`s 110 employees who chosed to receive a portion of their salary in gold dinar.

Royal Mint is the first organisation in the world in 1,400 y…

On the advantage of the Gold Dinar as a form of saving, he said gold, as a commodity has a stable value and serves as a good hedge against fluctuation of a currency.

The gold dinar produces by Royal Mint, the country`s sole minter of coins, currently comes in the denominations of one Dinar and a quarter Dinar, each valued around RM181 and RM52 respectively.

Megat Wahab said the half dinar and two Dinar coins would be offered in August, followed by the four Dinar in September.

Royal Mint`s Gold Dinar is minted in accordance with the standard of Caliph Umar Al-Khattab where the weight of one Dinar is set at 4.25 grams with gold purity of 91.7 percent, widely known as 22-carat.

On the promotion of its Gold Dinar to other Islamic countries, Megat Wahab said all the five denominations of the coins would be showcased during the Organisation of Islamic Conference (OIC) meeting in October this year.

Earlier. Datuk Dr Awang Adek Hussin, a director of Royal Mint Exchange (a subsidiary of Royal Mint) told a press conference after presenting the Gold Dinar to representatives of Royal Mint that the Gold Dinar would not replace the Malaysian ringgit and sen as the country`s legal tender.

Awang Adek, who is also Tenaga Nasional Bhd`s chairman said :"This is not a currency and not a legal tender. It is just a commodity."

The move by Royal Mint to offer the Gold Dinar as an optional salary scheme to its staff is the first step for a wider usage of the coins among the private sector in the country, he said.

He said the potential usage of the Gold Dinar was not limite…

BERNAMA

[ThaiGuru]

The Global Impact of the Gold Dinar

This coming week, Malaysia plays host to a strategically imp…

The stated objectives of the conference are clear and include discussions on the role of gold in international trade, gold-based financing mechanisms and the use of gold in international trade settlements.

Speakers include representatives from Islamic Development Bank, International Islamic University Malaysia, Central Bank of Iran, Bahrain Monetary Agency and Islamic Chambers of Commerce USA.

The keynote address will be delivered by Malaysia’s Prime Minter, Datuk Seri Dr Mahathir Mohamad, who has been a long-time advocate of the re-introduction of gold, and specifically the gold dinar as a major international currency; "Besides being a means of payment for one of the biggest and most homogenous communities in the world, the Islamic dinar is also seen by many people as the only real challenge to the US dollar." February 2002 (i)

The official conference website states; "1997 East Asian and numerous other financial crises worldwide made apparent the vulnerability of the current monetary system and the need for a more stable and just global monetary system. In fact, since the collapse of Bretton Woods in 1971, the world monetary system has been inflationary and volatile with the absence of a stable unit of account. . . gold in international trade is seen as a strategic move to protect the interest of nations as far as monetary stability, independence and justice are concerned." (emphasis ours) (ii)

Clearly, when considering monetary systems, stability is an important issue, but equally important, and one that is often overlooked, is the issue of justice. In many peoples mind, an international payment system based on gold addresses both these issues.

The last one hundred years has seen the major western econom…

In the western world today, we have had 2-3 generations of p…

In the east however, the complete opposite is the case. The vast majority of the population understand that gold and silver are the only real money, while paper is just a promise to pay. Many are aware that the west has been able to simply print paper money and send it around the world to pay for its unquenchable consumer appetite for goods and services. Islamic Nations have experienced and witnessed 1st hand currency crisis as result of the international US dollar policy. They have recognised that the US dollar system has exported massive inflation, instability and unsustainable debt around the world. Islamic oil producing nations are well aware that they are exchanging a strategically important and diminishing asset for paper.

This viewpoint is reflected in a public statement made in la…

While it has gathered attention and support in recent years, the concept of using the Islamic dinar as day-to-day currency and an international settlement instrument is by no means a new concept, having its modern origins back in 1963. Some observers may claim that the driving force behind the re-introduction of the gold dinar is religiously motivated, while others will argue that it is stimulated more by an absence of any viable alternative. (iii)

The gold dinar, and the Islamic banking model in general, has several distinguishing features. It is governed by strict religious laws and principles, it has a clear implementation strategy, and importantly, is non-debt based (according to the Qur`an and the Hardith, the only lawful money is non-usurious gold and silver).

At a time when the west is greatly increasing the regulatory requirements of moving money, under Islamic law, there is total freedom to buy, sell and possess any quantity of Dinar. It has been said that money is like electricity and moves through the path of least resistance.

Whatever the outcome of this week’s conference in Malaysia, there are some certainties. Geo-politically and monetarily we are moving into a time of rapid change. As a result of the un-sustainability, and the debt associated with this present fiat US dollar system, Islam has every reason to embrace a stable gold backed alternative, and are likely to do so at an ever more rapid rate.

For decades, the west has been artificially lowering the gold price through selling and leasing, in an effort to protect and manage a flawed and untenable paper monetary system. Meanwhile there is growing evidence that indicates eastern and Islamic nations have been quietly accumulating. The gold from the west has been transferring east, which is going to have huge geo-political ramifications in tomorrow’s world.

Islam is a vast trading block of over 1.5 billion people that transcends political and geographical boundaries. In a world of limited tangible supply of gold, consider the effects on the gold and broader financial markets as these nations start to unload their US dollar reserves to implement such a monetary system.

Historically, it can be seen that military might does not sa…

(i) Prime Minter, Datuk Seri Dr Mahathir Mohamad, February 2002

(ii) Source : http://enm.iiu.edu.my/gold2003

(ii) In l963 the 1st savings bank based on the Islamic ideal of profit-sharing was established in the a small Egyptian town. A more in-depth history is available from our 1998 article http://www.anglofareast.com/0106.html

by Philip Judge.

© 2003

[e-mail]

Philip Judge is a director of The Anglo Far-East Bullion Company, a private bullion custodial and banking company. www.anglofareast.com

[Wavetrader]

The Islamic dinar is also seen by many people as the only real challenge to the US dollar
Historically, it can be seen that military might does not save an empire that has debased its currency.
Islamic oil producing nations are well aware that they are exchanging a strategically important and diminishing asset for paper.
Islam has every reason to embrace a stable gold backed alternative, and are likely to do so at an ever more rapid rate.
It has been said that money is like electricity and moves through the path of least resistance.
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Diese Sätze sind schon ziemlicher Sprengstoff, denn eine sich etablierende Dollarschwäche ist die Zündschnur für Argumente wie die oben zitierten.

Die Verknüpfung von islamischem Zusammengehörigkeitsgefühl, Machtdemonstration gegen die USA (die sich natürlich auch hinter der Dollar-Sprechweise verbirgt) mit eigener Währung nach strengreligiösen Prinzipien und dem Appell an das Eigenständigkeitsdenken islamischer Ölländer kann sich als sehr suggestiv und wirkungsvoll erweisen. Die konkreten Entwicklungen beim Gold Dinar werde ich genau beobachten.