Sunday, July 24, 2011

The A and B of currencies ( The Edge, Malaysia July 18-23, 2011)

The A and B of currencies

Written by Zahid Aziz

This article appeared in Forum page of The Edge Malaysia, Issue 867, July 18-24, 2011

We have just completed a job and about to be paid for it. We are given an option to be paid A or B. A’s value is stable - there seems to be a basic value which is unchanged.

B has no basic value. If you hold B its value can be taken away by various external forces. It can be changed by the governments; it can be changed by governments creating more and more of it; it can be changed by people losing confidence in it; it can also be changed by outsiders holding large quantities of it and cornering the market for it.

Saturday, July 16, 2011

USD & World Trade - The Theft Under Our Nose

USD & World Trade‏ - The Theft Under Our Nose

To on behalf of zahid aziz (
Sent:Thursday, July 14, 2011 2:47:41 PM


The US have stole the world resources by giving valueless paper in return. They stole at least USD 14 trillon worth of world resources and still the world is missing the plot. USD14 trillion is USA's total debt as at May 2011 and its growing at USD1 trillion p.a This means every year USA steals USD1 trillion worth of our resources under our nose by printing paper currency and the world is still blind to the theft.

If only the Muslim world wakes up. If only the Muslim world finds an alternative other than USD in trades between itself. It will begin to at least stop some of the thieving. If only the Muslim world becomes a common market. In trades with non Muslim countries it can first try barter trade. When that limit has been reached exchange of each others currencies. And when forced then can use yuan or euro cautiously lest they become another USD. Muslim intellect must sit and discuss solutions to this problem.

But this will never happen when we have Muslim nations in blind support of the US. Much of these nations' investments are in the US including real property. It is difficult to dethrone the USD in the light of such fundamental compromises of principles.

The most intelligent and far thinking of most Islamic nations today is Iran. They planned their strategy to be a global nuclear power the minute the Shah was replaced.

It's not a good feeling to be like the white foams of the waves of the sea, plentiful but powerless. We need far thinking and Mukmin leaders to lead Muslim nations.