Islamic & Western Finance in Lockstep Towards AI Enforced Behavioral Control Systems | Patrick Wood

"Maybe the elites of the world have a lot more in common than we think. And the people of the world have a poor cast of everything in the end — where they didn't see it coming." Patrick Wood This is the second part of a three part interview with technocracy expert and researcher Patrick Wood about his latest, just released book "The New Economics of Technocracy - You Will Own Nothing." In the first part we discussed the Genius Act, stablecoins (in particular the Trump family's USD1 stablecoin) as well as the move from a debt based system to an asset based system. And this is where the second part picks up: asset based systems are financial systems compatible with principles of Islam. Transnational Elites United Against "Their Peoples" Transnational elites of unfathomable wealth and power, like Muslim Gulf monarchs and Atheist/Agnostic/Religious tech billionaires, are working together across ideological and religious lines to push digital financial systems that function as behavioral control systems for "their peoples." The Unbanked and Islamic Finance Hundreds of millions of Muslims in countries like Pakistan, Egypt, and Afghanistan have never had bank accounts — not because they are poor, but because traditional Western banking lives of interest, which the Koran strictly forbids. This prohibition is called riba. Instead, Islamic finance uses three asset-based tools. Murabaha: cost-plus financing, where a financier buys an asset and resells it at an agreed markup over a period of time Ijara: similar to leasing, where income comes from a real asset rather than interest Sukuk: Ownership shares in a real asset, not debt). The global Sukuk market surpassed $1 trillion in 2024. There is also an extensive "Green Sukuk" market similar to Western ESG financial markets and investment products. The New Digital Financial System Fits Islam The Western debt-based financial system spent a century trying to bring Muslim populations into its fold, but it failed because its core mechanism - making money from money via interest - violated Islamic law. But the new asset-based, tokenized financial system is structurally different: it deals in real assets, just as Islamic finance does. This makes it compatible with Islamic principles. In his new book, Wood writes: "The Western debt-based financial system spent a century trying to integrate the Islamic world and failed—precisely because its core mechanism violated Islamic law. The asset-based Technocratic system succeeds where the debt-based system could not, because its core mechanism is structurally compatible with Sharia. "And the Gulf monarchies—which command over half of global Islamic finance assets and manage sovereign wealth funds totaling trillions of dollars—are not being dragged into this system reluctantly. They are funding its construction, hosting its infrastructure, positioning their sovereign wealth at its center, and deploying their political influence to clear the regulatory path. "The $2 billion in USD1 that MGX deployed for the Binance investment was not merely a financial transaction. It was a proof of concept: Gulf sovereign wealth, denominated in a Sharia-compatible digital token, deployed at sovereign scale through a platform owned by a sitting American president and a Gulf intelligence chief. The bridge is built. The traffic is flowing. And the toll is collected by the architects." "Smart" Contracts Function as Gatekeepers or Uber-Locks The layers of control that can easily be built into such AI controlled financial asset systems are limitless. It's the kind of control over transactions that neither Western finance nor Islam finance every had before in history because it was technically impossible. Smart contracts on the blockchain can be programmed to enforce compliance with any kind and number of government-mandated behaviors our overlords fancy. Tailormade for you and me. Once we enter this digital financial system that will be linked to their biometric identity, we'll be trapped. Our digital identity will be tied to our health records, a myriad of social compliance scores, and behaviorally dependent government benefits. Wood calls such a financial control system "financial enclosure." "This is not financial inclusion — it is financial enclosure, the absorption of a population that existed outside the system into a system that once entered cannot be exited." The Gulf Money Pipeline Feeding the Construction of Hyperscale Data Centers in American and the UAE What is needed to built such control system is massive amounts of computing power. And that's why large numbers of hyperscale data centers are currently planned or built in the United States. But not only there: In May 2025, President Trump toured the Gulf with the world's top tech executives including Sam Altman, Elon Musk, and Jensen Huang. He picked up something like $2 trillion in investment commitments and almost all this money is slated to be spent on AI infrastructure and data centers. Many of them in the United States but some of them in the UAE. Since then, the United Arab Emirates started building the largest hyperscale AI data center "campus" outside the United States. CHAPTERS 01:18 The Unbanked Muslim World: Why 1.8 Billion People Avoid Conventional Banking 02:42 The $6 Trillion Islamic Finance Industry and the Banking Cartel's Problem 05:41 Sharia-Compliant Finance Meets Asset Tokenization: A Structural Alignment 07:49 The Trump Family stablecoin, USD One, and the $2 Billion UAE Investment 08:02 World Liberty Financial: How Gulf Sovereign Wealth Became a Partner 12:23 Financial Inclusion or Financial Enclosure? The Pakistani Farmer Example 16:01 Pakistan Adopts USD One: The First Islamic Country on the International Stage 17:39 Stablecoins as Global Payment Architecture 18:15 The Three Islamic Financial Instruments: Murabaha, Ijara, and Sukuk 26:20 Islamic Finance as a Tool of Evangelism 28:12 Green Sukuk: Where Sharia Law Meets ESG and UN Sustainability Mandates 30:33 Western Banks and Sharia Scholars: JP Morgan's Unusual Arrangement 32:11 The Irony of Green Sukuk in Fossil Fuel Nations 33:56 The Arab World's Return to Its Trading Roots and the IMEC Corridor 36:17 Jihad Through Wealth: Islamic Finance vs. Tech Billionaire Ideology 37:10 The Dark Enlightenment and the Tech Bros' Own Financial Jihad 41:03 Elite Hypocrisy East and West: Control Through Smart Contracts 45:36 Smart Contracts as the New Sharia: Electronic Behavioral Control 46:53 The Gulf Money Pipeline: Trump's $2 Trillion Gulf Tour, May 2025 49:38 The AI Diffusion Rule, the Pax Silica Declaration, and Full-Stack Tech Transfers 52:50 Stargate UAE: The Largest AI Data Center Cluster Outside the United States 54:25 Can Data Centers Be Defended? Military Protection and Public Backlash 55:44 America's 5,000 Data Centers vs. China's 375 56:55 The Abraham Accords: Trade Over Politics as a Peace Strategy 1:00:20 Old Trade vs. New Trade: The Three-Lock Control System 1:03:15 Sheikh Tahnoun's Web of AI, Crypto, and Sovereign Power 1:06:32 The UAE at the Center of the IMEC Corridor and Oil Tokenization 1:08:07 The Strait of Hormuz: Why Iran's Response Threatened the Entire Corridor 1:11:29 The UAE Withdraws from OPEC: What Is Tahnoun's Strategy? RESOURCES Patrick Wood: The New Economics of Technocracy - You Will Own Nothing Patrick Wood: The Final Betrayal: How Technocracy Destroyed America Patrick Wood's Technocracy News