Is the Global Rise in Living Costs Driven by Interest-Bearing Debt or Immigration?

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A lot of people blame immigration for everything getting more expensive—rent, owning a home, just living in general. Immigration is an issue but honestly, the main reason is something much deeper: it’s riba (interest) and the whole global fiat monetary system humanity is stuck within.

Since WW1, the world’s been under a central banks fiat system that’s designed to benefit a few at the top, while most of us struggle. Riba-based fiat currencies, which we’re all forced to use because of legal tender laws, make it almost impossible to save for the future. Back in the day, under the gold standard, people could actually save money that kept its value over time. But now, every time the money supply increases, the purchasing power of our money drops further.

How does the money supply increase?

The money supply increases when:

– People take on debt from banks, particularly for mortgages.

– When banks fund government wars.

– When banks fund governments to provide social services (People wouldn’t need subsidized subpar services if bankers hadn’t stolen their purchasing power in the first place.)

Those are just some of the ways the money supply is increased; there are others.

Every time the above happens, it makes the money in our pockets worth less, which is why the cost of living keeps going up and has been going up for decades.

Due to fiat money constantly losing value, people don’t want to save in it — those who can rather use that fiat money to get assets that they perceive will maintain value far better than fiat cash. One of the big assets people go for is property. But when a lot of people are buying up homes just to store their wealth, it pushes prices up and creates a bubble in the market, making it even harder for others to afford a place without a mortgage.

Here’s the kicker: most people buying homes today are doing it by getting into more fiat debt via mortgages. As mentioned earlier this is one of the very processes that keeps devaluing the purchasing power of fiat money! It’s a sick cycle of riba that traps everyone and benefits the few.

Then there’s immigration. One reason a lot of people move to other countries is because their local currencies have been so devalued that they can’t afford to live decently. For example, some Pakistanis moving to the US, Canada , UK because their fiat Pakistani Rupee is so weak and they want to therefore earn in a stronger fiat currency. Or Brits moving to Turkey because their British pound gives them a better quality of life there than locals who earn in the weaker fiat Turkish lira.

The Global South has been, and continues to be, hit the hardest, with their currencies losing value faster than those in Western countries. However, even in places like the UK, Canada, and the US, devaluation is occurring—just at a slower pace. The erosion of purchasing power became more noticeable and pronounced in these Western countries after COVID, an event that led to a significant increase in the money supply in order to keep a lot of people at home for an extended period of time.

War is another big reason for immigration. People are fleeing conflict zones, and guess what funds these wars? More riba-based money supply increases. Under the gold standard, governments couldn’t just inflate money whenever they wanted; they had to raise taxes and justify it. But now, they can just issue more money via a mere accounting entry with the banks’ blessing (the bank erns interest on this), even if most people don’t want the war.

This robs ordinary people of their hard-earned money.

How?

Because people spent time , energy and effort to work for the fiat money governments mandate you must utilize yet at the same time they steal the purchasing power by increasing the money supply to fund zionist wars in the middle east. So they essentially steal people’s time and ability to save for the future, and make everything more expensive.

So, when people say immigration is the main reason for the high cost of living, it’s more like the salt in a gaping wound. It’s a branch of the problem but not the root. The real issue is this riba-based fiat system that’s been making life harder for everyone for a long time. Immigration just adds more competition for resources that are already stretched thin.

Shaykh Muaawiyah Tucker:

“Everything, I mean absolutely everything, is influenced by the principles of supply and demand. This is why some individuals resort to unethical tactics. For instance, they might claim, ‘We have only five seats remaining in our course, so enroll now!’ Although they may possess more than five seats, they deliberately state otherwise—five or six left—simply to create the illusion of scarcity, presenting a reduced supply. This, in turn, fosters the illusion of high demand, prompting people to believe that the offered price is favorable. In essence, the underlying concept is that every commodity, whether it’s rice, gold, or even your own home, is intricately linked to the interplay of supply and demand.

Let’s delve into another aspect. Take the case of house prices, which appear to consistently go up year after year. There’s a rationale behind this upward trend, driven by the dynamics of supply and demand, amplified by the riba interest-based monetary system. This system, essentially allows for the creation of money out of thin air, enabling more properties to be withdrawn from the market. With a fraction of the total cost as a deposit, people can now become homeowners, a possibility that previously eluded them.

Here’s a certainty though: if all interest-bearing loans suddenly ceased to be issued—literally, if all lending came to a halt—house prices would plummet significantly. The reason? Most individuals would find homeownership unattainable, and consequently, those seeking to sell their properties would be compelled to lower their prices considerably, in order to attract potential buyers capable of affording them. Therefore, the prevailing high costs of real estate can be attributed to the influx of readily available cheap riba fiat money.”

Hope this makes sense.

It’s a messed up evil monetary system that needs to change.

Here’s a thread I wrote / compiled that goes into more detail:

1)x.com/ZabAkbar/statu…

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Moro Blanco

A place where I write, compile, and share things that interest me from a wide range of topics.