LETS TALK ECONOMICS: I WILL BE ANSWERING ECON 101 QUESTIONS

@RasCanjero

salam Ugaas, my apologies for being gone for several months, they banned me before I had a chance to answering questions you asked me abut economics,

thought I would create this thread to answer any economic questions since last time we chatted about riba/interest rates, economic development etc

for any one else with economic/islamic economic questions and how to best develop a country which i did not get a chance to talk about at the beginning of the year, feel free to ask questions and post comments etc,

even champagne socialist/fake communists are welcome, i will karbash you and then educate you clueless communist idiots who think communism can be used to improve the living standards of the average men and women


also i want to educate those who invest in forex, stocks, derivatives etc, those who trade, those who wish to know if its halal as i have read many threads in the past about somalis in here who trade these assets with out a clue about its halal-ness,

former derivatives trader in forex, S&P E-minis 500,s German Bunds, and Oil, , also monetary economist who specialises in islamic economics and Austrian economics (the school of thought not the country) that is my qualification if you wish to ask is teeri qualified,

i will use vocaroo voice to reply back to long questions if typing is too long


PS: What i say is my view, if I say something that is against Islamic sharia, may Allah forgive me, do your due diligence, i dont want to blow my own trumpet but i am one of the foremost experts on earth on Time Preference theorem and islamic time preference theorem, the entire theorems that explains the existence of riba or why it should not exist in the case of islamic economics, there are only about 70-80 humans on the entire planet who understand and specialise in Time preference theorem, i will make it very simply and easy to read for the average layman to give you both the western view and the islamic view for and against riba if you chaps need that

i will answer and go into any hardcore boring economic topic, all i ask if if you will refute me, bring forth sources, i will too, dont get emotional,

if you wish to ask questions by recording, use vocaroo

 

Rageedi

Life | Liberty | Property
whats the difference between the Chicago and Austrian schools of thought and to what extent are they compatible with Islam?
 

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Gif-King
VIP
are you sure its a good idea to leave your voice recording your a pretty educated young guy maybe delete them after they have been heard ?
 
are you sure its a good idea to leave your voice recording your a pretty educated young guy maybe delete them after they have been heard ?


Its a good point bro, thanks for the concern, but I have actually been looking at creating my own economic podcast weekly series, so this will be a good run,besides, I work for myself, so not worried about a boss and i am talking about economics

besides its much easier than typing,. but thanks for the warning Ugaas, my reer waamo brother, I much appreciate it
 
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Thank you for the thoughtful and comprehensive answer. I don't think most Somalis realize they engage in riba every time they use paper currencies.


the average person does not know and are forced, but its the leaders I really think should be to blame, but most dont even know fiat is haraam, least of their concerns

but then to be fair, there is a US economic rule, they will invade any nation that shouts about using gold as money, its actually a well known hidden US plan to fight anything or any nation that dares to go off the US dollar standard, only Russia and maybe china can get away with it, but russia is not famous for great economic thinking, great military and politics but not so good with economics, New York has a 1.5 times bigger GDP than russia and china will not do it as fiat currency gives the state massive power but at the cost of the average men on the street who gets his money inflated away through fake money
 
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