A Quote by Anjem Choudary
With the loss of the American dollar as its own currency and its devaluation, I think that people will not even be able to afford bread and milk. They're facing a real crisis in America and I think the solution is Islam.
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My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country. . .you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. . .I think you could see a 25% reduction in the standard of living in this country if the U.S. dollar was no longer the world's reserve currency. That's how valuable it is.
I think something like three-quarters of American currency is held abroad, by drug dealers, by tax evaders, Russians and Chinese. Other people think that they want to protect themselves against their own currency going down. When you have 75% of the currency and even more of the high-denomination $100 bills held abroad, you wonder whether these are people we really want to pay. If you get rid of the $100 bills, its foreign holders will be the main losers.
When I was growing up, we often heard Islam in the form of a slogan: "Islam is the solution," but no one ever told me that Islam can be a burden... Very few Muslims write about Islam creatively because I don't think we're given permission to. I think that's the bane of modern Islam. It's been reduced to slogans.
We are privileged that the dollar is the "currency of last resort" and the most important currency in the world. Global commodities are priced in dollars. Central banks in other countries hold great quantities of dollars. The dollar was the safe harbor, the port in the storm during the credit crisis.
The greatest threat facing America today
is the disastrous fiscal policies of our own government,
marked by shameless deficit spending and
Federal Reserve currency devaluation.
It is this one-two punch -
Congress spending more than it can tax or borrow,
and the Fed printing money to make up the difference -
that threatens to impoverish us by further
destroying the value of our dollars.
I think the heartbreak of September 11 - America's grief not only over the loss of life but also the loss of our own innocence - has expanded us as people because it has tenderized our hearts. On a psychological level, the American people have matured as a result of that awful day.
I think the heartbreak of September 11 - America's grief not only over the loss of life but also the loss of our own innocence -has expanded us as people because it has tenderized our hearts. On a psychological level, the American people have matured as a result of that awful day.
What there is no dispute about is whether or not China is a currency manipulator. They are a currency manipulator. They actively intervene every single day to keep the value of their currency less than it would be against the dollar than if it floated freely. We think. Even China barely disputes that.
Believe me, the next step is a currency crisis because there will be a rejection of the dollar, the rejection of the dollar is a big, big event, and then your personal liberties are going to be severely threatened.
The fact that this organisation is called the Islamic State reveals something even deeper. In fact, it implies that every single Islamist party in Egypt, Iraq or Tunisia are not really representing Islam and Muslim people. Nowadays, political Islam is going through a crisis, however this crisis is necessary, for it will lead to a changing way of thinking. In order to make it out of this dead-end, reviewing political Islam becomes mandatory.
African Americans, in particular, saw their cumulative wealth crash. They used to have 10 cents on the dollar of the average white family. That 10 cents on the dollar that the African American family used to have crashed down to 5 cents on the dollar, given the focus of predatory lending on the African American community and the degree to which they were really devastated by the foreclosure crisis. So yeah, I think there is a lot of disappointment out there.
As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.
[Donald] Trump is underestimated greatly in terms of his understanding and comprehension of the great issues facing America. He understands trade. He's got businesses all over the world. He understands currency and how manipulating currency can be damaging to America.
So if you think America's politicians and citizens are willing to make the changes necessary to strengthen the U.S. dollar, then don't buy silver. But if you're like me and don't expect us, as a nation, to take our medicine, then short the dollar - and the way you short the currency is by going long on gold and silver.
Only the out of touch media elites think the biggest problems facing America - you know this, this is what they talk about, facing American society today is that there are 11 million illegal immigrants who don't have legal status. And, they also think the biggest thing, and you know this, it's not nuclear, and it's not ISIS, it's not Russia, it's not China, it's global warming.
A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower, ... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.
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