[Twelearly]

Salaam alaikum

Its not important to know if a secret society is behind the collapse of the world capitalist system. In fact, mentioning them as responsible removes the blame on the ideological explanation for the failure of the capitalist financial system.

Capitalism is contrary to Islam. But its failures lie in its incompatibility with reality. In particular, the current financial collapse is a result of the rise of economic theory that deregulation is necessary for productivity, and that the businesses of the financial markets can regulate and monitor themselves. This is an ideological dogmatic claim: that man does not regulation, that he can regulate and monitor his own transactions.

As well, in America, the nationwide deregulation theories meant governments no longer adequately enforced existing regulations, such as that mortgage brokers should be without criminal pasts, and that commercial banks and private banks do not have to be separated.

In the case of mortgage brokers, 10s of 1000s of convicts obtained mortgage brokerage licenses ( including convicts guilty of fraud) and tricked homebuyers into mortgages that were detrimental to their interests. A conventional mortgage contract is usually 100 pages long. A defrauding broker would summarize the contract, skipping important information to encourage buyers to sign. Once they signed, teh broker woudl sell the mortgage as a bundle of mortgages on the securities market so it would be traded. The mortgage bundle would be negligently graded as prime and stable, aka a good investment. Thus, investors would buy them up by the 1000s and include them in their mutual funds and portfolios. When people began defaulting on their mortgages, ie. abandoning their homes and mortgage payments, these bundles of mortgages were all of a sudden recognized as subprime, unstable, 'bad investments'. Since no one knew how to distinguish one from another, the entire securities market began to unfold and trillions. Banks intentionally hid the losses, or redirected them in accounting shelters to avoid the appearance of loss so as their stock values and investments would not loose value. But they were defrauding people as well.

The believers have to identify the problem for what it is.
Mankind is incapable of devising a system by which to govern his affairs justly, fairly, consistent with his needs and instincts, and consistent with his intellect.
The capitalist market system has been proven over and over to be inconsistent with the needs of mankind, leaving the poor to suffer and starve while the rich become more and more powerful.

Every so often, terrible fraud is perpetrated upon the people in capitalism, leaving millions if not billions suffering. A few laws are passed and new theories are devised to patch the hole, but the leaks slowly resurface, resulting in more and more flooding. This time, the entire world has been defrauded in the most expensive fraud in human history, ranging in the trillions.

More later insha Allah.