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     A Word From The Leader - Issue 22, Autumn 1997




As the prime minister of Malaysia, Dr. Mahathir Mohamad, confronts George Soros at the annual gathering of the World Bank and International Monetary Fund, the leader of the Islamic Party of Britain, David Musa Pidcock, issued the following press release:

Unregulated Capital : The Other Road To Serfdom

As a result of pointing out that George Soros the king of the currency speculators has no clothes, the Malaysian Prime Minister, Dr. Mahathir Mohamad, finds himself at the centre of an underhand, orchestrated, media campaign designed to discredit him. Providing further proof, if further proof were needed, that John Swinton's admissions during his retirement speech from the New York Times (pre-Murdoch and Maxwell) were and still are absolutely correct. When asked to respond to a toast to an independent press he pondered and then retorted: ”What folly is this toasting an independent press. Everyone present here tonight knows there is no such thing as an independent press. You know it and I know it. There is not one of you who would dare to write his honest opinions, and if he did, you know before hand they would never appear in print. I am paid $250 dollars a week to keep my honest opinions out of the paper I am connected with. Others of you are paid similar salaries for similar work. The business of the journalist is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the foot of Mammon, and sell himself, his country, and his race for his daily bread: We are the tools and vassals of rich men behind the scenes. We are jumping jacks they pull the strings, and we dance. Our talents, our possibilities and our lives are the property of these men. We are intellectual prostitutes.”

By entering this long running war 1694 to 1997 Dr. Mahathir has at last managed to place on the political agenda the three most important issues facing the world community today and in so doing finds common cause with a number of august predecessors. Enlightened forerunners like David Ricardo; Abraham Lincoln; John Ruskin and Lord Acton, who were in no doubt where these problems originate. Lord Acton, having determined that: “power tends to corrupt, and absolute power corrupt absolutely,” went on to state: “The issue which has swept down the centuries and must be fought sooner or later, is the people versus the banks.” He was not calling for the abolition of banks, nor are we, for if we did not have them we would need to invent them. What is, however, required is that banks are (a) `regulated and made accountable' and (b) prevented from creating money out of nothing on the back of M0 and then issuing it as  malevolent escalating debt rather than benign credit, and that those, like Mr. Soros, “who love to reap where they never sowed” be prevented from speculating with the economies of nations rather than on them.

One only needs to read Prime Minister William Gladstons's accounts of his battles with Members of Parliament from banks in the City and the Governor of the Bank of England, to realise that a century later the Prime Minister of Malaysia is just the latest in a long line of honourable men destined to fall victim to the destructive, duplicitous defence mechanisms lodged in the print and electronic media which are in place to deflect any meaningful criticism and shift the blame elsewhere usually onto their victims. Dr. Mahathir Mohamad, like Mohammad Al Fayed and Earl Spencer can take comfort in the fact that the Qur'an comprehensively identifies the types of people who gravitate towards this unscrupulous, soul destroying industry. Who accuse honest people (in this case a Prophet) of being “mad”. But it applies to all who speak the truth, at most times in most places, for: “the truth is a cause of severe discomfort to those paid to lie for their living.”

Surah 68,  appropriately entitled The Pen, describes these corrupt writers, editors, and orators (past, present and future) in the following terms:

Nun, By the Pen and the record which men write therewith, you are not, by the grace of your Lord, mad or possessed. By no means. Verily for you is a reward unfailing. And furthermore you stand on an exalted standard of character. Soon will you see and soon will they see which of you is afflicted with madness. Verily it is your Lord who knows best, which amongst men has strayed from His path: And He knows best those who receive true guidance. Therefore obey not rejecters (of truth), who would have you compromise, in order that they, in turn, may compromise (with a promise to influence world opinion in your favour). Neither obey each feeble oath-monger and detractor, broadcaster of slanders and calumnies, who habitually hinder all that is good (and decent), transgressing beyond bounds. The malfactors deep in sin, who are violent and cruel. The ones greedy and base born, therewithal intrusive. Because he possesses wealth and sons. When our signs are rehearsed to him he dismisses them as “Ancient fables!” Soon will We brand the beast on his snout.” 68:116.

In an article in The Guardian, dated Saturday January the 18th 1997, George Soros, that well known palindrome admitted that Dr. Mahathir Mohamad is correct in his condemnation of laissez faire (for which read less than fair) capitalism. Soros stated: “Although I have made a fortune in the financial markets, I now fear that the untrammelled intensification of laissez faire capitalism and the spread of market values into all areas of life is endangering our open and democratic society. The main enemy of the open society, I believe, is no longer communism but the capitalist threat.”

Selective amnesia is rampant amongs economists, bankers and journalists. When Margaret Thatcher's guru, Professor Hayek, singled out Marxist Socialism as: “The Road To Serfdom” he “conveniently” omitted to point out that this road was a dual carriageway, and that the far greater threat was from: “Unregulated Rentier Capitalism.”  Hayek was a palinodist. For on the one hand he calls for the free play of “market forces” whilst arguing against them on the other. In his chapter The Prospects of International Order he states that: “ there is little hope of international order or lasting peace so long as every country is free to employ whatever measures it thinks desirable in its own interests however damaging they may be to others.”

Unfortunately, during their perpetual wars for increased circulation caused by their masters among the rentier capitalists i.e those who rent out money at interest (not producer capitalists for even Marx recognised that “the worker is also a capitalist”) newspaper editors do not spend their time trying to identify and rectify their own problems let alone ours. What the Prime minister of Malaysia has done is to remind us of Lord Acton's confident assertion that our problems lie with the present system of banking based on interest and compound interest. Which will, hopefully, one day soon lead to what John Maynard Keynes referred to as: “The euthanasia of the Rentier.” We must, however, concede one point to George Soros, who makes a valid case when he asks the Prime Minister to take a look at that part of the problem much closer to home. Which will, undoubtedly, cause him some difficulty if he grasps that particular nettle, thus forcing him to run the gauntlet of disapproval from most, perhaps all, the so called Islamic Banks and bankers which operate throughout Malaysia. Most, if not all these bankers draw their guidance from their L.S.E. training and other Western institutions. Muslim economists including some leading Malaysian academics  are now infected with the insane notion that: “because the money currently being traded electronically by them is only `notional money', i.e., not `real cash' it is not illegal or immoral  to take a `commission' (their euphemism for interest) on it.”

This is the thin end of the usurer's wedge, and constitutes the ultimate threat to Islam and political stability not only in Malaysia but elsewhere including here in the United Kingdom. As it has been noted on a number of occasions this confirms the presence of an “Islamic Calvin” in our midst. Calvin set loose the genie of global misery with his fatwa which concluded that: “charging rent on money, was only the same as charging rent for land.” The  rest, as they say, is history. However a history written by the disciples of Calvin who, as a result, have succeeded in achieving what the world never saw before  starvation in the midst of abundance together with the ultimate impudence  Halal khanzir  i.e: the Kosher Pork chop.

Author: David Musa Pidcock
Date Published: Autumn 1997


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