Jumaat, 14 November 2008

Currency

Sudah lama sangat tidak menulis. Ini disebabkan kesibukan yang melanda sempena musim peperiksaan. Namun digagahi juga untuk menulis sementelahan ada perkara yang tengah difikirkan untuk diketengahkan.

Kali ini, penulis ingin membicarakan tentang satu prinsip yang gagal dipatuhi oleh amalan ekonomi semasa terhadap prinsip yang terulung di dalam ekonomi Islam iaitulah prinsip keadilan. Halnya adalah berkaitan dengan currency. Permasalahan ini telah berlarutan berkurun lamanya, cumanya ia tidak lagi dianggap sebagai satu permasalahan yang perlu diselesaikan. Orang ramai semakin dikaburi akan jalan penyelesaiannya sedangkan ianya begitu mendesak dan amat tidak adil. Dan jelasnya ia adalah satu sistem yang perlu di"banish"kan di dalam sistem perekonomian.

Currency adalah satu ciptaan. Currency telah memisahkan penduduk dunia kepada beberapa golongan. Currency telah menghadkan kehendak orang ramai secara tidak adil. Contoh terdekat adalah apabila org Singapura datang ke Malaysia. Kita semua menyedari sistem ini tidak adil kerana org singpura boleh membeli dengan banyaknya kerana nilai currency mereka yang besar tetapi tidak bagi Malaysia yang terpaksa mengeluarkan duit yang banyak jika hendak membuat transaksi di Singapura. Semua kita menyedarinya. Apa ini? Mana keadilan? Sepatutnya satu ringgit duit kita sama denagn satu dolar singapura. Begitulah juga dengan currency dari negara-negara lain. Barulah adil. Kenapa perlu berbeza? Perbezaan ini menyebabkan ketidakadilan. Perbezaan ini penindasan. Perbezaan ini menyebabkan pengeksploitasian. Semua kita tahu. Semua org atas dunia tahu. Tapi kenapa berdiam diri? Kenapa tiada cadangan untuk menghapuskannya.

Kita duduk di atas dunia yang sama. Kita bernafas menggunakan udara yang sama. Kenapa kita perlu berbeza dalam perkara yang asas. Mungkin ada org akan berkata"oo..sebab negara maju..tentulah currency nya besar dan nilainya kukuh." Itu bagi saya adalah jawapan yang disediakan oleh pihak orientalis. Demand dan supply atas sesuatu currency itu tidak boleh dijadikan ukuran terhadap nilai sesuatu currency. Jika ada dikalangan kita mengatakan USA adalah negara maju, Brittain adalah negara maju sebab ekonominya kukuh (justeru currency adalah layak lebih tinggi valuenya..kononnya.)maka anda sebenarnya silap. Bagi sesiapa yang mengaji ekonomi, mereka akan tahu tentang Balance of Payment (BOP). Salah satu akaun di dalam BOP ialah current akaun yang mengukur sejauh mana banyaknya trade yang/barangan/services yang telah dihasilkan oleh sesebuah negara. Salah satu ciri sesebuah negara itu kukuh dari sudut ekonominya adalah current accountnya tidak mengalami defisit. Anda tentu terkejut negara yang mengalami defisit di dalam current akaunnya adalah negara-negara yang kita dakwanya hari ini adalah negara-negara maju seperti USA, Brittain, Negara Eropah Barat,Australia etc. Malah lebih teruk lagi negara-negara yang kononnya maju ini mengalami defisit yang amat teruk sekali sehingga mencapai jumlah USD800 billion. Dan kita sampai sekarang telah ditipu hidup-hidup dengan mendakwa mereka inilah kuasa besar ekonomi dunia.
Jika masih tidak percaya sila lihat taburan akaun semasa dunia dalam gambarajah dibawah:





(Klik atas gambar utk lebih jelas.)
Secara ringkasnya, warna gelap adalah negara pengeluar hasil yang paling banyak, manakala warna cerah adalah negara yang paling tidak banyak mengeluarkan hasil dalam bentuk fizikal secara relatifnya sebab itu defisitnya besar sebab banyak mengimport.

Berbalik kepada currency, kenapa perlu ada kita terpaksa bayar lebih 2 kali atau 3 kali atau 4 kali ganda daripada negara maju ke atas suatu benda yang sama. Kenapa ada harga yang berbeza sedangkan benda itu prosesnya sama. Wahai para sarjana semua. kita harus mengubah ini. Ini adalah sistem yang tidak adil. Ini adalah penindasan yang nyata. Malangnya, penindasan itu akhirnya tidak dilihat sebagi penindasan. mereka melihatnya siapa yang berkuasa dialah yang berjaya.

Mari kita lihat soal jawab antara Economic Man (EM) dengan Islamic Economist (IE) untuk memudahkan bicara.

EM: Kenapa kamu argue sistem matawang (currency) skrg?
IE: Sebab ianya tak adil.

EM:Kenapa pula?
IE: Sebabnya bila org Malaysia beli roti gardenia di singapura terpaksa bayar RM5.50 sedangkan org singapura beli roti di Malaysia RM2.10.

EM:Betul lah sbbnya roti itu di singapura bukannya di Malaysia.
IE: Apa beza roti gardenia di singapura dan malaysia sehingga perbezaannya dua kali ganda.

EM: Sebab tempat lah.
IE: Kenapa pula? Kan kita belajar penentuan harga adalah melalui kos.

EM: Haa..awk sendiri yang membenarkannya. Kos di Singapura kan tinggi, tentulah harganya mahal. Tempat pun sebahagian daripada kos.
IE: Tapi awk hanya mengimpot roti dari malaysia. Apa kos yang awk kena tanggung sehingga harganya double?Betul tenpat sebahagian daripada kos, tapi kalau nak bandingkan dengan sabah, singapura teramatlah dekatnya sedangkan kilangnya di KL.

EM: kalau begitu sebab currency lah...
IE: haaa..tau takpe..

Begitulah alasan-alasan biasa yang sering dilontarkan orientalis kepada kita semua.

Selasa, 28 Oktober 2008

The gold price is fictitious!








Mr. Nazri (on my left, from engineering to gold dinar)

Mr. Halim, among the pioneer in gold dinar


Many friends in MMU and also here in UiTM always asking me about why the gold price is fluctuating or even decreasing? Well...my simple answer is the gold price is fictitious. It has been totally measured by dollar..as simple as that..gold price can't be measured by dollar! In this post, i would like to put in my best friends Mr. Halim and Mr. Nazri's ideas about this gold price issue. They are very passionate about this issues. Mr. Halim who one of the expert in this gold dinar and also Mr. Nazri who is currently a PhD student is very determined in researching the solution of the root problems in our financial system. For your information, he is an engineering degree and master holder but ignore his field just to focus about gold dinar in his research.
These are what they said about current decreasing of gold dinar in the market:

Mr. Halim said:
"Ever since Rothschild left the gold market in 2006, never ever looked at the gold value to be determined by the USD. The gold market has been fictitious since then. Price thats been stipulated in LBMA thens on are all merely a game show to continue fool the greed. What is the price of 1 aukiya of gold solidus?

"The price of 1gram of gold IS NOT = USD but the value of 1 gram of gold = 1 gram of gold."

Please digest the above very carefully and thoroughly. What ever physical gold that you may bought after 2006 until today is just a token by Dajal. It does not mean anything to Dajal, it is just a tip of the iceberg. After all, dajal has all the gold he wants to start
ruling this world.

So before anyone gone crazy for what ever that is happening now, just ignore it. Get as much gold as you could to safeguard yourself and your love ones."

Mr. Nazri said:

Yes I have to agree that the whole thing about today's gold price is fictitious. Tell me, how much "amount" of papers that will equal to 1 gram (or 1 oz) of gold? Don't need to answer it here! Nowadays, the very place that they play around with the gold price is in the "paper market". They call it COMEX in US, stand for Commodity Exchange. They sell you gold, the amount of which is written in the contract paper, but the actual gold does not have to be there. You can easily sell/buy those papers with no "real gold".
--New topic--
(1) Anyway, Ahad lps nak pegi beli kijang emas kat Maybank Kelantan.
(2) Ade sorang customer sapu bersih kijang 1 oz yg ada (about RM90,000). So no more 1 oz in Kelantan, sold-out.
(3) The other customer bg tau, in KL & Selangor dah lama sold-out. Maple leaf (kat UOB) pun sold-out (di KL and Selangor).
(4) Dia bg tau lagi -- satu hari tu-- there was one chinese guy beli 300 keping maple leaf (close to 1 million) di KL. No wonder it sold-out.
(5) So dia balik kampung, beli di Kelantan. Tp dia dpt beli yg half ounce je la, sebab 1 oz dah habis.
(6) Tp I lupa nak tanya yg sold-out tu 1 oz ke atau the whole kijang. Sape2 yg dok di KL/Selangor, kalau ade masa pls verify.

-- Another new topic --
(1) I tgh prepare paper utk seminar (Islamic Economics) that will be held in UM, late Nov. Dlm satu buku yg I baca (and I include it in that paper),
ade 3 to 4 cases of paper money failures that lead to economic turmoil, which eventually lead to fall down of their empires/government.
(2) Namely Rome in 3rd century, France in 1700s, and German (Wiemer republic) as recent as in 1920s.
(3) In all 3 cases, this similar statement is repeatedly written: The rich, because they understood the monetary debasement taking place, hoarded their gold and silver coins; and they became even richer. But the poor became poorer; they were stuck with virtually worthless coppers/papers and became increasingly dependent on public assistance.
(4) You see the same trend here? It is repeating itself! Nowadays, those who understand that paper money (in reality) is worthless, start to hoard gold and silver. Of course, being smart, they don't throw away the paper money. They either dispose (use) it or (quickly) convert it into gold and silver. Same trend right?

-- Final notes --
(1) Just imagine those who are rich (in excess of RM100,000) -- when a lot of these people understand gold, they will finish-up the kijang coins in ONE DAY.
(2) So, this is a time for people like you & me to buy few coins of kijang i.e. before "the rich" understood it. Don't wait and see. If you have to borrow money from your relatives, go and borrow it; buy a few coins of gold. Pay them back monthly (in paper RM hehe).
(3) Don't wait until that one chinese with 1 million (as above) to go around Malaysia, and finish-up the rest of kijang coins that are still available. By that time you are already too late.
(4) Pls take note, jewelery is not as good as gold coins, in terms of liquidity (selling back). You loss a lot also, because of workmanship (upah) yg tinggi. Grab the gold coins first. (Gold) jewelery will be our last resort.
(5) Maaf panjang, the economic situation is getting (more) serious!
(6) Numbering ni, follow www.chedet.com. Credit to him!

Anyway, good luck Mr. Nazri and Mr. Halim as well..!

p/s: Mr. Nazri now will be presenting paper about gold dinar and the collapse of fiat money in UM, late this Nov. Anyone interested about this gold dinar, should attend this conference.

Khamis, 23 Oktober 2008

Muzakarah Pakar

Semalam saya menghadiri satu program yang dinamakan "Muzakarah Pakar A Fresh Dimension to Development: An Islamic Approach" bertempat di Intstitut Kefahaman Islam Malaysia. Antara pembentangnya ialah:
1. Tuan Hj Nik Mustapha Hj Nik Hassan, Deputy Director General, IKIM
2. Prof Dr. Amir Al-Roubaie, dekan, Kolej Perniagaan dan Kewangan , Ahlia University, Bahrain.
3. Prof Dato' Dr. jamil haji Osman, Rektor, Kolej Universiti INSANIAH.


Ucapan perasmian oleh Tun Dato Seri Ahmad Sarji bin Abdul Hamid


Pembentang pertama: Tuan Hj Nik Mustapha Hj Nik Hassan, Deputy Director General, IKIM membentangkan kertas kerja bertajuk "An approach to an Islamic Economic"


Pembentang kedua:Prof Dr. Amir Al-Roubaie, dekan, Kolej Perniagaan dan Kewangan , Ahlia University, Bahrain membentangkan kertas kerja bertajuk: "An intepretation dimension to development: An Islamic Approach"


Ucapan oleh Dato' Dr Syed Ali Tawfik Al-Attas, Director General, IKIM



Ucapan penutup oleh Datuk Seri Dr ahmadi zhi Hamidi, Menteri Di JabatanPerdana Menteri


Khamis, 16 Oktober 2008

Dinar emas dan kijang emas sold out..!

Tatkala seorang sahabat saya ketika hendak beli kijang emas di Maybank cawangan Melaka, kijang emas telah pun sold out. Org Maybank kata dah tak boleh beli. Bank Negara will not mint another stock of kijang emas. Apa yg ada, itu lah yg available for buying.

Sahabat saya kata lagi..."For your info, kalau dinar emas kelantan, dah lama habis. That day their staff told me, when new stock of dinar came in, sold-out in 2 days. Of course not many Kelantanese know about the existence of kijang emas. Imagine if they know, they would have turn it to kijang emas after dinar emas sold-out."

Wow..begitu ramai orang sedar akan kepentingan emas. Kebetulan sahabat saya ini orang kelantan, mmg tak nafikan ada unsur bias yang mengatakan orang kelantan akan serbu kijang emas pula tapi kalau fikirkan semula orang percaya agama dengan sebenar-benarnya, mereka ini lebih mendahului orang lain dalam membuat pelaburan di dalam emas. Kerana golongan ini telah study al-Quran, telah study Hadith akan kepentingan emas dalam kehidupan. Dan amat jelas sekali, ianya bukan sekadar perhiasan semata-mata. Apakah tidak terbuka pintu hati kerajaan untuk menjadikannya currency?

Selasa, 14 Oktober 2008

Welcome to Wall Street..!

I got this fun story (but really descriptive as what happening in financial system now) this morning and wanna share it... If anyone has difficulty understanding the current world financial situation, the following should help....

Once upon a time in a village in India, a man announced to the villagers that he would buy monkeys for $10. The villagers seeing there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10, but, as the supply started to diminish, the villagers stopped their efforts. The man further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now act as buyer, on his behalf. In the absence of the man, the assistant told the villagers: 'Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when he returns from the city, you can sell them back to him for $50.' The villagers squeezed together their savings and bought all the monkeys. Then they never saw the man or his assistant again, only monkeys everywhere!
Welcome to WALL STREET

Khamis, 9 Oktober 2008

Apa beza antara Obama dan Mc Cain?

Saya sempat mengikuti analisis debat calon Presiden (Barrack Obama vs John Mc Cain) di Awani Channel 501 pagi tadi. Saya tak berapa faham sangat bahasa politik yang digunakan oleh kedua-dua calon tadi, tapi saya dapat simpulkan hasil analisis tersebut berdasarkan perkara utama yang bersifat fundamental yang dikatakan mempunyai perbezaan anatara mereka berdua. Antaranya iaitu:

1. Percukaian; Obama lebih menjuruskan ke arah meregulasikan semula sistem percukaian kerana dari situ semua pelan pemulihan kesejahteraan rakyat seperti health care, employment dapat disusun semula manakala Mc Cain lebih tertumpu kepada pelan tambahan sebanyak 300 billion dolar

2. Isu Iraq, Pakistan dan Iran. Obama mengambil pendekatan lebih diplomasi dengan cara berbincang dan mencari penyelesaian manakala Mc Cain mengambil pendekatan penghapusan musuh, mungkin disebabkan beliau mempunyai latarbelakang militer sebelum ini.

Mereka akan bertemu semula Selasa depan. Apa yang pasti Obama dalam kebanyakan tinjauan umum seperti CNN polls telah mendahului sebanyak 6 peratus (49-43). Polls ini berdasarkan tiga national surveys iaitu Marist, Gallup dan Diageo/Hotline.

Rabu, 8 Oktober 2008

Dinar conversion

The Islamic gold dinar conversion rate to other currencies is based on gold spot price. International gold spot price is published in troy ounce of 24k gold, while gold dinar is 22k gold measured in grams. Because one kilogram is about 32.15 troy ounce, the International gold spot price is about 7.98 times of gold dinar conversion rate. weight of coin (grams) × purity of coin × troy ounces per kilogram = fraction of spot price per coin

4.25\mathrm{\ g} \times \frac{22\mathrm{k}}{24\mathrm{k}} \times \frac{32.15\mathrm{\ oz}}{1000\mathrm{\ g}} = \frac{1}{7.98}

For example, if today gold spot price is USD848.4 per ounce, then one Islamic gold dinar is about USD106.3 (848.4 divided by 7.98). The current gold dinar was a theoretical coin in the Islamic world until September 2006.


How to get 7.98?

=(31.1034768/1)/((4.25/1)*(22/24)) = 7.98

USD848.78 per ounce/7.98 = USD110.07 Per one Gold Dinar (4.25 Grams & 22k Gold)

In RM = multiply with the current exhange rate. i.e: x 3.45 = RM 366.7

source: http://en.wikipedia.org/wiki/Islamic_gold_dinar