Seminar on THE RETURN OF THE GOLD DINAR

Talk 1 - "Reintroducing the Gold Dinar: A Strategic Vision"

Friday, 9 August 2024

This talk explains the strategy to reintegrate the gold dinar as a global currency, emphasizing gold's role as the ultimate underpinning value against fiat currencies. It highlights recent significant purchases of gold bullion by China and Russia, and the interest from countries like Zimbabwe, Burkina Faso, Niger, Mali, and Chad in creating their own gold currency.

The discussion includes the general interest among Muslim nations to establish a unified currency within an Islamic Trade Bloc.

Talk 2 - "Economic Restructuring for Gold Currency Integration"

Friday, 16 August 2024

This presentation delves into the economic transformations required for the successful adoption of a gold currency, stressing that failure to implement these changes would undermine any monetary reform. It describes the Islamic economic model, rooted in a 1400-year history and based on gold and silver, known as muamalat.

The model is fundamentally a trading economy, necessitating the reestablishment of public markets, caravans, caravanserais, guilds, and traditional business contracts like qirad and ijara, which can potentially replace conventional business loans.

Talk 3 - "Digitalization and the Gold Dinar: A Synergistic Approach"

Friday, 23 August 2024

This talk explores how digitalization can facilitate the introduction of the gold dinar . It argues that Central Bank Digital Currencies (CBDCs) will make commercial banks obsolete by eliminating financial intermediaries and enabling Central Banks to issue digital currency directly to citizens more efficiently.

This process, akin to a backdoor nationalization of commercial banking, will give governments control over national credit issuance. The discussion also includes how introducing a digital gold currency can be a preliminary step toward transitioning from national fiat to a universal gold currency.

Talk 4 - "Eliminating Usury: The Path to a Gold-Based Economy"

Friday, 30 August 2024

The final talk outlines six essential steps to eradicate usury from the economy to ensure the successful implementation of a gold and silver currency. The steps are:

• 1. Nationalizing banking through laws, CBDCs, or window guidance, or a combination thereof.
• 2. Minting physical dinar and dirham coins and gradually introducing digital dinar and dirham payment systems by the Central Bank, initially for international use and then locally.
• 3. Using Central Bank credit control to strategically industrialize the country by creating public markets, caravanserais, and guild-based manufacturing infrastructures.
• 4. Gradually reducing mortgage maturities from 20 years to 10, then to 2 years, until their elimination, along with urban planning to make housing affordable.
• 5. Transforming the Central Bank into a Sovereign Fund Similar to the Swiss Central Bank's approach, fiat money will be backed by tangible assets. Over time, fiat currency will be converted into shares of the Sovereign Fund.
• 6. Completely prohibiting usury by law in the country.