Accounting and Auditing Organization for Islamic Financial Institutions - AAOIFI

  

It's an org set up for the continuation of Sharia Law as applied to finance. Sharia Law does not allow for the charging of interest on money. Loans under Sharia Law need to be free. Google Sharia Law for more details re: what it supports. We're just not going there.

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Finance: What are petro dollars?8 Views

00:00

Finance allah shmoop what are petro dollars Well they're just

00:07

money received from the mining of this guy's blood and

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guts because yeah oil that's where it comes from yesterday's

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stegosaurus is today's refined petroleum and we're talking about a

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massive amount of dollars here like you could call them

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master dollars or t rex a dollars or try sarah

00:26

dollars big wealth in the nineteen seventies came from the

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petro era in the same way that it's led today

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by amazon facebook and google When oil prices suddenly spiked

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in the seventies the people who won well they were

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the ones who had massive oceans of it underground We're

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looking atyou saudi arabia and you texas and in times

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when there is so much money coming into a system

00:50

with a shock well the economic driver of that wealth

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becomes a kind of currency itself In fact china's made

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all kinds of noise about making their currency now and

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oil standard upgrading from the old gold silver and bronze

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medal of shame standard that western civilization well he used

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to hold so dear petro dollars petro wealth were still

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feeling it and weigh no that that makes this guy

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Happy at least if you're happy and you know it 00:01:18.389 --> [endTime] never moved

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