Tag Archive | golbal economic crisis

Who’s Still Using Credit Cards!

Who’s Still Using Credit Cards!

 

By Hwaa Irfan

The  severity of the global economic crisis that led to thousands of people losing money from banks, along with the massive amount of money fed into the system to save the big banks while they bought up smaller banks, was enough one would have thought to stop anyone from buying on credit. Obviously it was not.

We can continue to fool ourselves into believing that we are in control, and that everything will be back to ‘normal’ if a rigged fraudulent financial system can be regarded as normal. Yet, far too many of us continue living our lives in the same way becuase we still have a job, a  mortgage, a car, etcetera, etcetera, etcetera.

So to hear that in mid-2012 how credit cards are driving people into banckruptcy in droves, only goes to show the extent to which we are addicted to unsustainable patterns of living.

The credit card simply is designed to make you want more with lots of help from the package, to feed our appetites beyond our capabilities, so that we can end up in more debt, and owe more, and make the credit car company richer. Its a bit like endentured slavery by forcing us to live on credit, accept their s no force involved, but just a subtle and continual message that we receive everyday through all forms of media that our appetites have to be serviced.

Entrained and entranced, we have Australia, full of people unable to plug out of all the steretypes that they have been fed from colonialism to consumerism. A damining thing to say despite the fact that there are growing numbers of Australians who have woken up from the deep sleep as can be tesitfied by Occupy Melbourne. As two completely worlds live side by side, completely unaware of the other, more and more families in Sydney are facing a gorwing debt crisis because of the credit card.

Many reasons have been given of course, from leaving school with poor financial management skills, to divorce, and chronic unemployment, hiding the realities of living in an unsustainable consumerist society. New York Time reports:

“Credit card lenders gave out 1.1 million new cards to borrowers with damaged credit in December, up 12.3 percent from the same month a year earlier, according to Equifax’s credit trends report released in March. These borrowers accounted for 23 percent of new auto loans in the fourth quarter of 2011, up from 17 percent in the same period of 2009, Experian, a credit scoring firm.”

Credit card lenders do not care about what problems they cause, they are not interested in letting you ‘kick the habit’ as long as they can make money.

“It’s clear that we are returning to business as usual,” said Mark T. Williams, a former Federal Reserve bank examiner told NYT, and those credit card lenders includes the WWII war-profiteering company, J.P. Morgan rumored to be taking over the Bank of America, but in service to the Rothschild empire, and London banking. What would a company of such ‘standing’ want with a client who might not be able to repay their debt! With a reported increase in revenue on 2011 from U.S$25.2bn to U.S$26.7bn, but a slight drop in income from U.S$$5.6bn to U.S$5.4bn. Maybe their profit margin was not as big as they would like! Their revenue from the highly profitable credit card industry is down U.S$77mn (2%) on 2011.

At least some of us are learning the hard lesson of living beyond our means!

Sources:

Hasham, N. “Mounting Credit Card Bills Drive Bankruptcy Boom In Western Suburbs.” http://www.smh.com.au/money/mounting-credit-card-bills-drive-bankruptcy-boom-in-western-suburbs-20120410-1wn1f.html

Kopecki, D. “JPMorgan Earnings Beat Estimates on Mortgage Lending Gains.” http://www.bloomberg.com/news/2012-04-13/jpmorgan-earnings-beat-estimates-on-gains-from-mortgage-lending.html

Related Topics:

Your Money and Your Life

The Peace that Will Not Proceed

The Peace that Will Not Proceed

By Hwaa Irfan

If anyone was in any doubt about the peace process between Israel and Palestine, or has been under any illusion that there is indeed a peace process, despite the fact that the Israeli government seems to avoid controlling it’s settler’s as much as it enjoys controlling Palestinians,  for the expansion of its concept of a state, well without further adieu the significant role of the U.S. leaves little left to the imagination. 

The global service of the Jewish people, JTA reports on how the U.S. will store “an additional $400mn in emergency equipment in Israel.” Either Obama is out of his depth when it comes to stabilizing the fragile U.S. economy through the multi-billion sale of weapons to Saudi Arabia, China, and others, or the Obama Administration is setting up a warfare situation to finalize the re-balkanization of the world’s global resources, or both.

According to the report the deal will transpire over a 2-year period, with the military equipment to be delivered over that period, and to be made available to Israel in times of emergency. How that emergency is to be defined and by whom, given the errant behavior of a rogue state which pretty much creates its own illusions, and gets the rest of the world to believe in it – the military ware applied in the 2nd war on Lebanon was from the U.S. stockpile!

By 2012, $1.2bn of U.S. military equipment will be stockpiled in Israel whose only threat is a reaction to its barbaric and dehumanizing actions. Israels’ march forward to the realization of an Israeli state that will included parts of Lebanon, Egypt, and Syria continues unabated. The aim to push Palestinians out of Palestine into Jordan also continues unabated. Its desire to sustain the threat of global terrorism through undisclosed mercenary and PSYOPS tactics around the world, so that it can remain to be unnoticed in its ambitions plays the world like pawns in its games.

First reported in Defense News, the stockpile provides a supply depot for U.S. troops to use misnomered equipment such as “smart bombs”, when it chooses. This lack of conscientiousness of what is needed to re-balance the world, demonstrated the level of deception and lack of will to redress the damage that has been done by at least, three terms of Bush & Son global governance. These people are clearly obsessed with a notion of power, a power that can only be sustainable at a temporary cost to the rest of the world – temporary because no one will tolerate the consequences for long, and temporary because common interests are only in-common when there is a benefit to all parties involved.

The Illusion of Threat

One doubts that the fear of being attacked is genuine, but it does serve to promote the notion of a certain set of people as the enemy, and in that service, much can be done to betray the people of the world. All throughout the occupation of Palestine, Israel has never been under any physical threat, except the threat that it can never exist as a state in its own right on other people’s land. It has ignored it religious leaders, and the Jewry as a whole, creating a global elite that has very little to do with Judaism as a religious practice.

It is the inability to believe that others can treat them better than they treat others that seems to keep them determined in their actions/paranoia. The notion of natural justice is lost expecting those unlike them to behave in the same manner in which they behave. As they continue to demonize Iran, like Iraq in preparation for a greater war, there notion of Iran, is unfortunately liken to some Muslims who perceive power, status and nationalistic beliefs before they perceive Islam. When in 2001, the appeal of 10 Iranian Jews rejected by the Iranian judiciary, like automatons, the West and the believers in Western democracy shouted foul without recognizing that 8 Muslims were also accused of espionage. Neither did the West and its sympathizers note that the sentence was reduced from 4 – 13 years respectively to 2 – 9 years on the basis that they were found innocent of two of the charges against them. There is a long list of cases in the U.S. and the U.K of non-Muslims who have been found guilty when in fact quite blaringly innocent! All countries are sensitive to the security of their nations, but when fairness is ruled out, national security becomes a national obsession.

In the late 1980’s, the approximate number of Jews in the Arab world alone was 4,700,000. As one of the Peoples of the Book, Jews have had a place in Muslim societies since the dawn of Islam. The Sahifa, agreement of Medina in 622/3 C.E., stated:

  1. The Aus were to pay the blood money of the persons they had killed before, and every group was to redeem its prisoners with justice
  2. No Believer should seek to turn the auxiliary of another Believer against him
  3. God-fearing Believers shall oppose whoever seeks to sow injustice, sin, or enmity among the Believers; every man’s hand shall be against him even though he might be the son of one of them
  4. The Jews who follow us shall have aid and equality, except those who do wrong or aid the enemies of the Muslims
  5. No idolater shall take Qurayshi property or persons under his protection nor shall he turn anyone against a believer
  6. The Jews shall bear expenses with the Muslims as long as they fight along with them
  7. None may go to war without the Holy Prophets’ (SAW) permission, but they are not prevented from taking vengeance for a wound.

This treaty was written following the Battle of Bu’ath in which Jewish tribesmen fought for the losing cause of ‘Abdullah bin Ubayy against Prophet Muhammed (SAW), and the Muslims. They would not support Prophet Muhammed (SAW) because he was not a Jew; however, the Muslims kept their word and Allah’s (SWT) covenant despite their antics.

The Jews had suffered greatly under the Goths in Spain, but the advent of Islamic rule brought them the freedom to practice their rites and traditions. They flourished in the fields of medicine, philosophy, literature, money-lending and the translation of Arabic text into Latin. The neighborliness between them and the Muslims influenced them to pray in Arabic, rather than the Hebrew which they knew so little of at the time, to perform ablutions before entering their synagogues, and to sing Jewish songs to old Arabic melodies. They lived this way for over 400 years!

Today, the life of acceptance has no meaning. The Zionists have brainwashed themselves and others into believing that their violation of the human rights of others is justified by their search for a home and their own human rights.

In fighting for a home separate from Muslims, they have broken the first 6 of their Seven Laws of Noah, so when they refer to their covenant with God, where do they stand when they have broken the covenant? At a press conference in Illinois, U.S. in March 2000, David Weiss of the Neturei Karta group in Jerusalem stated:

“The holocaust was divine punishment on the Jewish people for their abandonment of the Torah. Until the Zionist movement, Jews lived peacefully among their neighbors.”

Whether this is true or not, the Jews did live peacefully amongst Muslims, when non-Muslims did not give them that right.

“They call us colonists,” said one Jewish man to the Guardian Weekly reporter Linda Grant. 

“But if we lose, where do I go? Back to Yemen, where my grandfather came from in the 1930s?”

It did not occur to this man that he did come from somewhere, and that the notion of what he referred to as home has pushed the world towards a possible WWIII. Yet for Palestinians, the so-called peace process, despite what Zionists have put them through, has been about how to live with Jews as neighbors.

{And We had made known to the children of Israel in the Book, most certainly you will make mischief in the land twice, and most certainly you will behave insolently with great insolence.} (Al-Bani-Israel 17: 4)

“A person cannot be conscious of others when he lacks of consciousness of himself” – Hwaa Irfan

Sources:

JTA “U.S. to Store More Weapons in Israel.”  http://www.jta.org/news/article/2010/11/11/2741699/us-to-store-more-weapons-in-israel

Related Topics:

Muslim Cordoba Going for a Song 

Between the Builder and the Architect: Frederick II, and the Castel Del Monte

Albanian Muslims Risked Their Own Lives to Save Jews in the Holocaust

Muslim and Jews Side By Side in the Bronx

The House of Three Rooms

Forgiveness Between Sand and Stone 

One is the Loneliest Number

U.S. Set to Destabilize the Rest of the World

Facing Armageddon

Gaza and Israeli Might Over Human Rights

From Silwan to the City of David

Stop War on Iran

The Echo of Life

Xenophobia on African Shores and Elsewhere

Finding a Global Balance

The Charity of Love