@JCGCINC Im glad you are willing to learn. Gold cannot be created and therefore will not depreciate in value, when it needs too this would stall an economy as the incentive to buy is what makes the developed world function. Yes sometimes there is over inflation in countries with weak banking systems but at a steady increase of usually 2% spending is encouraged yet allows money to maintain value. Money can be invested in GIC's to guarantee an increase in its value. Canada=perfect example.
I agree with most of what he sais in regards to money. But I see one error - an economy is not, or does not have to be a zero-sum-game. An economy in which the rich are permanently rich does not necessarily equate to the poor being permanently poor. The amount of overall wealth can grow in which case the poor can grow richer as well.
@KarasekUS point taken.what u have said basically, its is the gist of quran.its is the central issue i.e how to distribute wealth justly.personally i always try to read quran keeping the points u raised in focus.thanks
@JCGCINC One more things Fiat currencies have collapsed, it happend in Germany 1930's. People have learned a lot since then and it hasnt since. It goes up and down but thats the nature of the beast. Are we supposed to give up the most amazing prosperity anyones expiriced to trade camels?!
@drzakir123 As i wrote, I don't know Quran, I am catholic and these are the same moral principles taught by the Church: charity and "you shall not steal". These principles are universal and even people who try to discern right from wrong only intellectually, recognize them as part of the natural law. And as the scholar said, usury was forbidden by the Church and fought against in the christian world for centuries.
@KarasekUS but what about the gap/spread between rich and poor.it always widen in this system.i may be wrong but these issues r more than 1400 years old and i havent seen the clarity with which these adress as in quran.thanks
@drzakir123 I don't know Quran, but I think it is not an issue by itself. The exploitation is the issue, when the rich become richer at the expense of the poor. And that's what this lecture addresses. We are NOT created equal, we are all blessed differently, so as long as people get ahead with honest work and entrepreneurial flare, it is good. We need successful people to pull everybody up, including the poor. The spread is a socialist issue, and by vilifying the rich they bring everybody down.
@JCGCINC I understand what he is saying, but also have learnt economics from real economics professors and I can tell this guy doesnt fully understand how wealth is distributed. Not to mention if you were to read the first page of any finance textbook, it would contradict with what this guy is saying.
@JCGCINC As for Israel, yes it only exists because the allies created it... point? Every country was created at one point. Israel happened to be taken from people with ties to Nazi's (yes there was a palestinian NAZI regime) and was given to people who suffered the tragedy of humans history on this earth. Yes they've made mistakes, but if you had arabs blowing themselves up everywhere how would you deal with it? Noone could lead Israel to "perfect decisions" as there's no way to please everyone.
6:06 - 6:28 , where exactly Holy Qura'an permits any amounts of interest?! and then again you say on 7:37 - 8:05 it is Haraam no matter of any percentage. when you spread His words you should be death careful, right? May Allah SWT bless us mercy.
Hasin Arefin Khan I think you misunderstood. He said some people might argue that Allah permits small amount of interest, then he impersonate that person and say what that person might say. After he finish then he explain no matter large or small amount of an interest, it is still prohibited.
this man is a very educated man! Blessings be upon him and his message spread!
@JCGCINC Im glad you are willing to learn. Gold cannot be created and therefore will not depreciate in value, when it needs too this would stall an economy as the incentive to buy is what makes the developed world function. Yes sometimes there is over inflation in countries with weak banking systems but at a steady increase of usually 2% spending is encouraged yet allows money to maintain value. Money can be invested in GIC's to guarantee an increase in its value. Canada=perfect example.
I agree with most of what he sais in regards to money. But I see one error - an economy is not, or does not have to be a zero-sum-game. An economy in which the rich are permanently rich does not necessarily equate to the poor being permanently poor. The amount of overall wealth can grow in which case the poor can grow richer as well.
@KarasekUS point taken.what u have said basically, its is the gist of quran.its is the central issue i.e how to distribute wealth justly.personally i always try to read quran keeping the points u raised in focus.thanks
@JCGCINC One more things Fiat currencies have collapsed, it happend in Germany 1930's. People have learned a lot since then and it hasnt since. It goes up and down but thats the nature of the beast. Are we supposed to give up the most amazing prosperity anyones expiriced to trade camels?!
@drzakir123 As i wrote, I don't know Quran, I am catholic and these are the same moral principles taught by the Church: charity and "you shall not steal". These principles are universal and even people who try to discern right from wrong only intellectually, recognize them as part of the natural law. And as the scholar said, usury was forbidden by the Church and fought against in the christian world for centuries.
@KarasekUS but what about the gap/spread between rich and poor.it always widen in this system.i may be wrong but these issues r more than 1400 years old and i havent seen the clarity with which these adress as in quran.thanks
this guy shits all over the american dream eh lol soo many cases of hard working ppl making it. Im one.
@drzakir123 I don't know Quran, but I think it is not an issue by itself. The exploitation is the issue, when the rich become richer at the expense of the poor. And that's what this lecture addresses. We are NOT created equal, we are all blessed differently, so as long as people get ahead with honest work and entrepreneurial flare, it is good. We need successful people to pull everybody up, including the poor. The spread is a socialist issue, and by vilifying the rich they bring everybody down.
@xXxPhyZedxXx No he is not. Open up your mind and listen to what he is saying. I am American and Christian and I agree with him.
@JCGCINC I understand what he is saying, but also have learnt economics from real economics professors and I can tell this guy doesnt fully understand how wealth is distributed. Not to mention if you were to read the first page of any finance textbook, it would contradict with what this guy is saying.
IRS RISK
@JCGCINC As for Israel, yes it only exists because the allies created it... point? Every country was created at one point. Israel happened to be taken from people with ties to Nazi's (yes there was a palestinian NAZI regime) and was given to people who suffered the tragedy of humans history on this earth. Yes they've made mistakes, but if you had arabs blowing themselves up everywhere how would you deal with it? Noone could lead Israel to "perfect decisions" as there's no way to please everyone.
6:06 - 6:28 , where exactly Holy Qura'an permits any amounts of interest?!
and then again you say on 7:37 - 8:05 it is Haraam no matter of any percentage. when you spread His words you should be death careful, right? May Allah SWT bless us mercy.
Hasin Arefin Khan I think you misunderstood. He said some people might argue that Allah permits small amount of interest, then he impersonate that person and say what that person might say. After he finish then he explain no matter large or small amount of an interest, it is still prohibited.
@xXxPhyZedxXx The finance books you read are garbage. What he says makes all the sense in the world but it will not come to pass.