Malaysian Muslims Go for Gold, But It’s Hard to Make Change
6th September 2010
“Gold is money because people make it money. Paper money is money because governments make it money,” says Peter Schiff, President of Euro Pacific Capital Inc. in Westport, Conn., and a notable dollar bear. “But what happens if people lose their faith in governments, and the U.S. government in particular?”
A very good question.
This latest quest to wean the world off dollars actually began in Adam Smith’s homeland, Scotland, when an aspiring actor named Ian Dallas left his home near Glasgow to seek out the bright lights of London in the 1960s.
Mr. Dallas, now 79 years old, fell into the hippie circuit and played a telepath in the Federico Fellini movie “8½” before ultimately converting to Islam in Morocco.
Mr. Dallas took the name Abdalqadir al-Sufi and set up his own sect, the Murabitun—or “the people of the outposts”—before settling into a wind-blasted mansion named Achnagairn near Inverness in the Scottish highlands.
There, Mr. Dallas and his followers surrounded themselves with banks of computers and began work on creating an Islamic currency to replace the dollar and help speed up the collapse of the West’s credit-driven financial system.
See? It’s impossible to be a Muslim and leave other people the hell alone.