From my blog:

Those Who Control the Global Central Banks’ Fiat Monetary System Are Pro-Zionism.

Another reason why the Darul Harb argument, which justifies Muslims obtaining mortgages, is detrimental is because it strengthens the monetary system that Zionism has and continues to benefit from. This global riba system has been particularly harmful to the Palestinian people. ‘‘The Bank of England, followed by the US Federal Reserve Bank, successfully controlled the world, both militarily and economically. Their economic dominance enabled military control, with their motivation being to subject the world to a central banking system benefiting them through inflation. This global central banking system played a fundamental role in financing the Zionist movement from its inception. The Rothschild family, a prominent banking family, played a key role in establishing the global central banking system and contributed significantly to funding the Zionist project. The central banking system, reliant on government-backed currencies, has profound ties to the Zionist movement. As Palestinians, we have borne the cost of this system for the past century.’’ ~ Saifedean Ammous. The Federal Reserve, colloquially known as “The Fed,” serves as the central point of the global debt-based monetary system that we are all forced to use. It possesses the authority to annul transactions and seize balances from other central banks worldwide. The Fed unilaterally governs the SWIFT payments network, influencing nations’ participation and trade settlements. The underlying layer of this fiat network utilizes a native token of debt denominated in U.S. dollars. “Shaykh Taqi Usmani maintains that outside of Dar al-Islam, riba (interest on loans) allowed the Rothschild family to “acquired financial mastery over the whole of Europe and the Rockfeller over the whole of America” Muhammad Taqi Usmani (December 1999). The Historic Judgment on Interest Delivered in the Supreme Court of Pakistan, Para 173. Eustace Mullins, in “Secrets of the Federal Reserve,” attributes the Fed’s establishment to the “Rothschild-controlled Bank of England.” The Rothschild banking family played a crucial role in the formation of Israel. The Balfour Declaration, issued by the British government on November 2, 1917, expressed support for a “national home for the Jewish people” in Palestine, then part of the Ottoman Empire. Addressed to Baron Lionel Walter Rothschild, a prominent British Jewish leader and member of the Rothschild banking family. Mullins presents some bare facts about the Federal Reserve System with subjects on: it IS NOT a U.S. government bank; it IS NOT controlled by Congress; it IS a privately owned Central Bank controlled by the elite financiers in their own interest. “The global central banks fiat network comprises around 190 central bank members of the International Monetary Fund (IMF), as well as tens of thousands of private banks, with many physical branches. At the time of writing, the fiat network has achieved almost universal adoption, and almost everyone on earth is either dealing with a fiat node or handling fiat paper notes issued by these nodes. Joining the fiat network is not voluntary; it can be best likened to mandatory malware. With the exception of a few primitive and isolated tribes yet to have fiat enforced upon them, every human on earth is assigned to a regional node where they must pay their taxes in their local “fiatcoin.” Failure to pay with the local fiatcoin can result in physical arrest, imprisonment, and even murder. The global fiat network is based on a layered settlement system for payment clearance. Individual banks handle transfers between their clients on their own balance sheets. National central banks oversee clearance and settlement between banks in their jurisdictions. Central banks, and a few hundred international correspondence banks, oversee clearance across international borders on the SWIFT payments network. The fiat network utilizes a highly efficient centralized ledger technology with only one full node required to validate and decide the full record of transactions and balances. That entity is the United States Federal Reserve, under the influence and supervision of the United States government. While fiat enthusiasts portray the network as having a variety of tokens, each belonging to a different country or region, the reality is that every currency but the U.S. dollar is merely a second-layer token, a derivative of the dollar. The value of non-U.S. fiat money depends on its backing in the U.S. dollar and can best be approximated as the value of the dollar with a discount equivalent to the country risk. For a variety of historical, monetary, fiscal, and geopolitical reasons, these tokens have not appreciated significantly against the U.S. dollar over the long term. For all practical intents and purposes, national central banks managing their currencies can either maintain their exchange rates with the dollar or devalue them faster than the dollar.” ~Saifedean Ammous. The U.S. Dollar is the primary fiat currency globally, with other national currencies from around the world subordinate and tied to it: 1. United States Dollar (USD) 2. Euro (EUR) 3. Japanese Yen (JPY) 4. British Pound Sterling (GBP) 5. Swiss Franc (CHF) 6. Canadian Dollar (CAD) 7. Australian Dollar (AUD) 8. Chinese Yuan (CNY) 9. Swedish Krona (SEK) 10. New Zealand Dollar (NZD) 11. Turkish Lira (TRY) 12. Pakistani Rupee (PKR) 13. Saudi Riyal (SAR) Etc…

Shaykh Jamal Zarabozo on fiat currencies being brought into existence via riba / interest:

This easily created riba fiat money prolongs the duration of wars: “Ever since World War One began, the world has been embroiled in an unending cycle of conflict that continues to this day. If you examine the world’s current conflicts, most of them can be linked back to World War One. This is because when the Pandora’s box of government control over money was opened, there was no longer a real restraint on war, except for complete defeat, utter destruction, and the loss of countless lives. War had to be total. Before that, under the gold standard, kings would send professional armies to battle each other on battlefields. As soon as it became clear that one side was gaining an advantage, the fighting would cease, and the kings would then negotiate new terms because it was extremely expensive to maintain a professional army, and funds were running low. So the wisest course of action was to halt the fighting whenever possible. Wars would occur, you know, with countries battling each other on the battlefield. However, in the cities, life continued as usual, and people from both countries would engage in trade. Life carried on while the war raged on as an independent aspect of politics. It was like saying, “All right, we have an issue regarding this piece of land. Let’s settle it through battle on the battlefield. We won’t fight in civilian areas; we’ll take it outside. We’ll have the battle with professional armies.” And, in fact, sometimes the complex situation involved armies lining up. They would have a small contingent from each army engage in battle, and as soon as one side gained an advantage, they’d declare the winner and move on. Governments were much more cautious about their war policy when they couldn’t print money. However, this has changed with fiat currency, giving rise to a new class I like to call “chicken hawks.” These are individuals who work in offices, such as the entire foreign policy establishment in Washington, D.C. They’ve never experienced war firsthand, and their children won’t either. They won’t bear the financial burden of war, nor will they suffer the consequences of war in their own homes. They make decisions based on flawed teachings from fiat-financed universities regarding politics and geopolitics, leading to decisions like invading countries and sending more troops, all enabled by the endless money printer. That’s why, you know, in the days of the gold standard, if you were a warrior, you actually went and joined the war. The ones pontificating about war were those with firsthand experience, who sent their own children to battle and funded the conflict with their own resources. Now, we have many individuals in Washington, D.C., and similar places worldwide who have never fought and will never face the consequences, yet they manipulate global currency values to send others’ children into senseless conflicts based on misguided political ideologies they learned in fiat financed universities.” ~ Saifedean Ammous.

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