What explains mankind’s rush to extinction and to destruction of the biosphere if not hypnotic trance? Allah, exalted is He, says in Surat al-A’raf about the magicians of Pharaoh: “And when they threw, they cast a spell on the people’s eyes and caused them to feel great fear of them. They produced an extremely powerful …
Daily Archives: February 27, 2008
The dollar versus gold? No contest
“As a medium of exchange, money needs to have convertibility and liquidity. Paper currencies have these qualities, so does gold. To add to the store of value, money needs to retain its value over long periods. “Gold has retained its value, though with fluctuations, over centuries. Even now its purchasing power in terms of physical …