The Collapse of the Monetarist Society: Part Two

The Collapse of the Monetarist Society

Part Two

by Shaykh Dr. Abdalqadir as-Sufi

The eroding of the coastlines is one of the effects of our analysed miasma. It is one of the indications of how the present world sickness is itself a defiance of the Divine Creator, may He be exalted, and the natural laws on which He has set up existence.

Certainly the present world system has given a smaller and smaller minority a life which has “seemed long and good to them.” Yet men today live inside a distorting psychosis.

The psychosis of numbers-wealth. This is the state of the one who thinks modern money exists. So, firstly, the need to grasp the nature of money, the non-existent nature of ‘money’ itself. Let us examine the structuration of currency.

The widow’s mite. The cent and the penny. Thus it begins with the poor. The decimal foundation of paper money. From 100 coins we reach a One-Something paper note. From there the ‘notes’ soon spiral from hundreds to thousands. As the system goes into action it begins to scoop up the world’s intrinsic value commodities, land and minerals. In order to acquire property and goods to the maximum, where once a hundred were needed, it then becomes a thousand. In our own lifetime a rich man was called a millionaire. Now he is a billionaire. National debts which were calculated in billions are now counted in trillions. The joked-of zillions are fast becoming the new reality.

This proliferation of money has three stages. A ‘local’ or national currency of paper-notes. They in turn are graded into tradable and non-tradable. The tradable can be used in the ‘world-market’ while the latter are blocked from any but local usage and exchange. This is the first stage. A new nation, like Croatia, is ‘granted’ its own currency.

The second stage is the arena in which the acquired wealth gained by the ‘money’ is so successful that the small base of a currency, merely national, is seen as hindering wealth expansion. Trading zones are united, so that what once were nations become trading-blocks with one new currency covering that of the new grouping. The model was the European Community which demanded the Euro. The similar models can be observed in South-East Asia and South America. Logic insists that the new syncretic “communities” merge finally into “the International Community”, already politically prepared for it, and named in media on a daily basis so that people believe it too exists.

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Abdassamad Clarke is from Ulster and was formally educated at Edinburgh University in Mathematics and Physics. He accepted Islam at the hands of Shaykh Dr. Abdalqadir as-Sufi in 1973, and, at his suggestion, studied Arabic and tajwid and other Islamic sciences in Cairo for a period. In the 80s he was secretary to the imam of the Dublin Mosque, and in the early 90s one of the imams khatib of the Norwich Mosque, and again from 2002-2016. He has translated, edited and typeset a number of classical texts. He currently resides with his wife in Denmark and occasionally teaches there. 14 May, 2023 0:03

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