By Mudasir Sheikh
The last 150 years have witnessed an extraordinary change in every sphere of life. The foundation of the modern banking system, two world wars, the economic depression of 1929, development of fission and fusion devices, cold war, space race, the collapse of more than 100 governments, the 2008 economic recession and by far the most important and hidden process of transformation in the nature of money. A superficial glimpse of these events holds these as independent and coincidences, but history cannot be understood by studying events individually and there are extremely slender chances of a coincidence that can alter the course of the global power structure.
Interrelating events and identification of a common factor gives a much broader and efficient picture of the world around us and help us to gaze deeper and deeper into the future of humankind. Actually, the geo-political and geo-economic interests are the main cause for massacres, the rise of groups like the ISIS and invasion of sovereign governments. It is actually a minute group of people who have vested interests all across the globe. Thus, they use the military, economic and technological strength of the western super powers to sabotage the eastern powers like China, Russia and the resource rich Middle East. From World War I up to the recent conflict in Syria to economic terrorism on Venezuela and to rising tensions in the South China Sea and escalation of the conflict inNorth Korea, all these catastrophes are the brain child of European Jewish propaganda.
No war and technological progress is possible without the availability of sufficient funds. So, if we track the source and flow of money for last 150 years, it can provide the best explanation of these events. A much deeper and future aspects of these events can be explained by combining monetary history of modern world with Islamic eschatology.
In 1873, Germany adopted a classical gold standard wherein each unit of currency was backed by an equal amount of the gold. The USA and other major countries also adopted a 100% reserve ratio standard with respect to gold. It was now an obligation for governments to print only as much paper currency like a $20 bill only if they have $20 worth of gold in their vault. Later, the Federal Reserve Act of 1913 reduced the reserve ratio requirement to 40% only. During both the world wars , the US did not enter the conflict until the end and sold a huge amount of weaponry to the fighting countries. This resulted in the exponential growth in the wealth of the US.
In 1933, the national income of USA was $46 billion and till 1943 it tripled and reached up to the mark of $142 billion. The US sold its weapons for real gold to those countries that were fighting the war. As a result of this, by the end of World War-2, US owned 2/3 of the world’s gold. Europe and rest of the world were left with a small chunk of world’s gold. So the gold backed monetary system was about to collapse. In order to prevent this catastrophe, almost all the major countries of the world met in Bretton Woods, New Hampshire in 1944, where a new monetary system by the name of Breton Woods’s system was established. Under this system, the US dollar was backed by gold and all the currencies of the member countries were pegged to US dollar.
The US dollar achieved the status of world reserve currency and any appreciation or depreciation in its value determines the fate of other currencies of the world. The country deceived member countries by printing about thirty times more paper dollars than the actual gold reserve ratio for feeding its deficit spending for the Cold war, the space race, Korean War, Vietnam war and Johnsons’ Great Society. In the 1960s , this fraud was noticed by “Charles Decrois” of France. So, France started to ask for real gold in exchange for paper dollars. As a result , the US lost 50% of its gold from 1959 to 1971. Still, in 1971, the US had about 20 times more dollars than it could back by the actual metal. The game was up and on August 15, 1971, the US suspended the convertibility of the dollar into gold. All the currencies of the member countries of Bretton woods agreement were converted into fiat currencies.
From the time of the collapse of Bretton Woods’s agreement in 1971, the US worked hard till 1973 when they finally succeeded in finding an alternative for maintaining their hegemony in world’s monetary system. The Yom Kippur war of 1973 was designed by western Zionists by backing both sides, Israel and Anwer Sadat of Egypt. At last, they caused the war to go for a draw. Henry Kissinger knew that if a war would break out, King Feisal would impose an oil boycott on the USA. The same happened, after an oil embargo on the USA by Saudi Arabia, the price of oil increased by 400% from $3 dollars a barrel to $12 per barrel of oil in the international market. Then Henry Kissinger flew to Saudi Arabia where he struck the greatest deal in the history of mankind by convincing Saudi Arabia to sell its oil for US dollars only. Saudi Arabia later convinced other oil producing countries to trade their oil for US dollars only. Now the ocean of oil lying mainly in the Middle East started to act like a mountain of gold for the USA.
The countries across the world cannot buy oil even with gold. So long as you are buying oil for US dollars only, the US dollar no longer needs gold to maintain its value. Oil replaced gold and the US dollar was now flying even higher than it could on Bretton Woods’s agreement. With the establishment of the Petro dollar monetary system, there is no limit to the amount of US dollar that can be issued by Federal Reserve. It is the same petrodollar monetary system which is paying the bills for more than 1000 military bases of US all across the world. This petro dollar scam is responsible for paying all the bills for endless wars fought by US all across the world. The petro dollar has acted like a mountain of gold for USA to finance any project like building sophisticated weapons, military bases across the world, a blue navy and various other research and development projects which are impossible for other nations to accomplish. Without unlimited money supply, it could not have been possible.
A Hadith of Sahi Muslim explains this mountain of gold, that is, the petrodollar monetary system which mentions that prophet Mohammad (PBUH) stated that during end times River Euphrates will uncover a mountain of gold and people will fight for the gold. Among every 100 combatants who will fight for that gold, 99 among them will get killed and every one among them will say that I will be the one who will survive. Prophet Mohammad (PBUH) has advised the Muslims to stay out from the conflict. It clearly indicates that this Great War will be fought between non-Muslims and by those Muslims who will disobey prophet Mohammad (PBUH). Now, if this hadith is interpreted with reference to the status of US dollar. The Petro dollar monetary system is functioning as a mountain of gold for the USA and the countries like Russia and China are constantly threatening it. Sadam Hosein and Gadhafi have challenged the status quo of petro dollar, so they were eliminated by US and NATO. Now, Russia and China are engaged in challenging this status quo, but it is not easy to eliminate these countries as both are them are armed with nuclear weapons and intercontinental ballistic missile systems.
The Great War which is called Malhama in Islam and Armageddon in Christianity will be fought by US and NATO to defend this system of petrodollar monetary system and by Russia and China for bringing it down. It will be a fight to the finish, where each side will use nukes to destroy the other. Prophet Mohammad (PBUH) has prophesied that 99 out of 100 combatants will be killed in Malhama. 99% deaths are not possible in conventional warfare. It must be a nuclear war. Surah Dukhan of the Holy Quran validates the claim of nuclear war between the super powers by mentioning “Then watch for the Day when the sky will bring a visible smoke. Covering the people; this is a painful torment” (Holy Quran 44: 10, 11). The Prophet Mohammad (PBUH) said that the smoke will be so intense that it will bring down the birds from the sky. This smoke is nothing but nuclear fallout. In Surah, Al-Isra Quran mentions that “there is no city but that we will destroy it before the Day of Resurrection or punish it with a severe punishment. That has ever been in the Register inscribed.” (Holy Quran 17: 58). Thus it clearly indicates that it will be nuclear Holocaust.
The Pearl Harbor incident which is responsible for the engaging USA into World War II was actually triggered by economic sanctions of the US against Japan. Thus , it can be concluded that economic warfare which the US has already waged against Russia and other provocations can trigger a direct military conflict between these two super powers. Analysts believe that it is incorrect to say that “if” military conflict will occur between USA and Russia rather it can be said that “when” it will occur. When this military conflict will occur it will definitely change the fate of humanity and the global power structure as well, because according to the scholars of Islamic Eschatology which is based on the interpretation of first four ayats of surah “Al-Rum” and Ayat number 82 of Surah “Al-Maidah” Russia will emerge as a winner in Malhama or Armageddon.
—The author is an independent researcher. He can be reached at: [email protected]