Sheikhs in Somalia declare Forex haram!

[ZakWantsToPlay]

This is simply riding the tiger of modernity. This area is disputed, so its to the persons discretion whom they take the ruling from. Nobody would accept things which are clear cut as credit cards or mortgages as halal, so your point is pretty useless.

Calling a point useless is not the same as countering with facts. Present your argument of why living within my own means is not good and I have to make someone wealthy with paying extra sum of money I could keep by using their empty plastic card they issued to me with the nominal amount I could use with their permission.

I can save my money left over from living expenses right? why would I put myself at a disadvantage in risk taking for living beyond my means?

 

[Tukraq]

One of the disadvantages of a free market economy is the lack of advocate for those without wealth. The competitively disadvateged people in society, will the pay the price of greed economy unless their interests are represented through regulation of the wealthy who set the course in market economies. Average people with moderate income are stuck with whataver rules set by the wealthy in the name of market demand and pricing, so only people who can afford can buy stuff. And only those commodities are made. They came up with outsorucing in the US so they can claim they are selling stuff at a reduced affordable price. But in that scheme, the asians, the africans, or whatever communitiy in bagaldesh are making a dollar or less a day for the cool jacket I bought at US stores.

Greed rules at the end of the day.

markets are ruled by the people not the rich, rich are the peoples servants providing goods/value to them for their dollars, your dollar is your vote of confidence, if the people don't buy amazon and buy from another company amazon goes out of business and Bezos goes down, the poor and the population in general decide who becomes rich in a free market economy

 

[ZakWantsToPlay]

markets are ruled by the people not the rich, rich are the peoples servants providing goods/value to them for their dollars, your dollar is your vote of confidence, if the people don't buy amazon and buy from another company amazon goes out of business and Bezos goes down, the poor and the population in general decide who becomes rich in a free market economy

As if average joe looking for a cheap or affordable winter boots has another option but to buy on amazon after all family owned business were displaced by Bezo's giant eating machine. The fucker didn;'t even pay tax as he should. A prime example of what is wrong with predatory market economy and wealth accumulation. These wealthy thugs are against every effort to address social problems and disparity. Seattle city wanted to tax Amazon so young gratuates could afford a place to live. The mayor who ran the campaign of that platform won. Before the taxes on amazon went into effect, companies like facebook, amazon and others waged a campaign to get the tax rescinded. And they got their wish because they released tons of tv propaganda ads.

The common approach of these giant social destroying machines is to make their losses public and gains/profits private.

A company polutes and leaves comunities on the hook for clean up but pays little in wages and runs out of town when they see losses coming their way.

Please, try to convince me there is value in market economy as practiced in the US. People are suffering left and right economically. From average student to renters, to home owners saddled with funding public schools because the wealthy got their tax forgiven so school children must now be educated on property tax, a homeowner who already paid their share of tax through paycheck is now on the hook again.

Let us not even touch the fraudulent healthcare killing machine in the US where kids have to ration their diebetic shots. God help them poor sick people.

Yea, people are feeling and loving the market economy so much.

 

[Tukraq]

As if average joe looking for a cheap or affordable winter boots has another option but to buy on amazon after all family owned business were displaced by Bezo's giant eating machine. The fucker didn;'t even pay tax as he should. A prime example of what is wrong with predatory market economy and wealth accumulation. These wealthy thugs are agaisnt every effort to address social problems and disparity. Seattle city wanted to tax Amazon so young gratuates could afford a place to live. The mayor who ran the campaing of that platform won. Befoire the taxes on amazon went into effect, facebook, amazon and others waged a campaing to get the tax rescinded.

The common approach of these giant social destroying machines is to make thier losses public and gains/profits private.

A company polutes and leaves coomunities on the hook for clean up but pays little in wages and runs out of town when they see losses coming their way.

Please, try to convince me there is value in market economy as practiced in the US. People are suffering left and right economically. From average student to renters, to home owners saddled with funding public schools because the wealthy got their tax forgiven so school chiuldren must be educated on property tax, a homeowner who already paid their share of tax through paycheck is not on the hook again.

yea, people are feeling and loving the market economy so much

I'm loving the market, like I said it was there choice picking amazon nobody forced them to shop there the thing is the market is a true democracy in the sense that its everyone putting there dollars where their mouth is, more people like amazons products and thus buy it making them profit and these people don't care about the baggage, its the wilt chamberlain idea in economics, if you give a million people an equal amount of money at 2 dollars and they spend half of it on watching wilt chamberlain dunk a ball, theres your inequality, these people should have the freedom of choice to spend their money how they please as its theirs and wilt being unequally richer is totally moral/democratic and what the people were willing to pay, this is why free market is more democratic than government everything is catered to the customer and were voting with every dollar we spend

 

[ZakWantsToPlay]

I'm loving the market, like I said it was there choice picking amazon nobody forced them to shop there the thing is the market is a true democracy in the sense that its everyone putting there dollars where their mouth is, more people like amazons products and thus buy it making them profit and these people don't care about the baggage, its the wilt chamberlain idea in economics, if you give a million people an equal amount of money at 2 dollars and they spend half of it on watching wilt chamberlain dunk a ball, theres your inequality, these people should have the freedom of choice to spend their money how they please as its theirs and wilt being unequally richer is totally moral/democratic and what the people were willing to pay, this is why free market is more democratic than government everything is catered to the customer and were voting with every dollar we spend

You can't create wealth at the expense of others, simple and basic principle everyone should abide by. What you wrote is from the Jeff Bezo's perspective and the propaganda driven by investors who are killing citizens through their greed.

Make money by all means in a free economy but not at the expense of others. Simple. Rules have to be fair instead of them being rigged in favor of the rich like it is now. They even avoid social responsibilities like taxes. Come on. That should make it obvious that the wealthy in free market economy are rotten in their majority.

You should read up on the disadvantages of free market economy saxib. I doubt you consider there is a disadvantage to the system but professional economists would tell you both the pros and cons of free market economy.

It failed to work for majority of people in many societies and there is the reason you have some resorting to racism and nationalism. There is nothing but evil that comes with unchecked greed.

 

[Tukraq]

You can't create wealth at the expense of others, simple and basic principle everyone should abide by. What you wrote is from the Jeff Bezo's perspective and the propaganda driven by investors who are killing citizens through their greed.

Make money by all means in a free economy but not at the expense of others. Simple. Rules have to be fair instead of them being rigged in favor of the rich like it is now. They even avoid social responsibilities like taxes. Come on,

You should read up on the disadvantages of market economy saxib. I doubt you consider there is a disadvantage to the system but professional economists would tell you both the pros and cons of free market economy.

It failed to work for majority of people in many societies and there is ther reason you have some resroting to racism and nationalism. There is nothing but evil unchecked greed brings.

what rules? I have seen the criticisms, capitalism is still the best possible system that has Brought billions out of poverty, theres a balance yes to government vs market but if I were to chose market vs government in terms of freedom and empowering the people, id choose market, people are mad that politicians don't act in favor of the people however markets are always in favor of the people or they'd be out of business

 

[Xasusi]

You can't create wealth at the expense of others, simple and basic principle everyone should abide by. What you wrote is from the Jeff Bezo's perspective and the propaganda driven by investors who are killing citizens through their greed.

Make money by all means in a free economy but not at the expense of others. Simple. Rules have to be fair instead of them being rigged in favor of the rich like it is now. They even avoid social responsibilities like taxes. Come on. That should make it obvious that the wealthy in free market economy are rotten in their majority.

You should read up on the disadvantages of free market economy saxib. I doubt you consider there is a disadvantage to the system but professional economists would tell you both the pros and cons of free market economy.

It failed to work for majority of people in many societies and there is the reason you have some resorting to racism and nationalism. There is nothing but evil that comes with unchecked greed.

Yeah its clear youre some idealist broke ass commie

 

[IBRAHIM.]

then please buy me a 100 Tons of it and shipped it to my house since it has no value to you i would not mind having it

Bro, u reminded me of the story of asxaabul kahf. When one was told to go and buy food with a silver coin that was 300 years old.

 

[Nomoregames2019]

It's morons like this who hold back development in your country. Are you going to take medical advice from a drug dealer on how to fix your flu? No, what the hell does a shaykh know about trading and economics? unless he studied it that's a different story. Stick to the Quran and Sunnah my friend.

 

[ZakWantsToPlay]

Yeah its clear youre some idealist broke ass commie

You gave up then? Hit the books sxb. Don't be a consumer for propaganda. Be informed and question everyone selling an idea to you. Reasonable heads know free market Capitalism is not solve-all remedy to social progress.

 

[ZakWantsToPlay]

It's morons like this who hold back development in your country. Are you going to take medical advice from a drug dealer on how to fix your flu? No, what the hell does a shaykh know about trading and economics? unless he studied it that's a different story. Stick to the Quran and Sunnah my friend.

You are right! A sheekh has to have an inside expertise to comment on a subject and give edicts on it. With that said, you can't say these guys in the clip haven't studied the subject at hand before they announced their views. If they laid out in the clip the reasons for their position and explained, then people can decide if the presented argument sounds legit.

We shouldn't exclude people from giving an opinion on something because they practice their beliefs. As long as they are informed on the subject matter they are commenting on, they are legit.

Sticking to the Quran and Sunnah makes someone a better person but they still have to learn about their interests and the world at large.

 

[ZakWantsToPlay]

what rules? I have seen the criticisms, capitalism is still the best possible system that has Brought billions out of poverty, theres a balance yes to government vs market but if I were to chose market vs government in terms of freedom and empowering the people, id choose market, people are mad that politicians don't act in favor of the people however markets are always in favor of the people or they'd be out of business

Tukaraq,

Do you acknowledge both benefits and disadvantages of free market economy? if you have read about this or studied economics in college , what were the disadvantages to free market economy? And do you agree these problems should be addressed with policies that keep free market economy away from harming the same people it is supposed to benefit?

I don't believe there is a perfect system that would make everyone happy. All human beings won't be wealthy. There will always be haves and have nots. The successful economies and societies are the ones that have progressive means to address income disparities and provide opportunities for their people to make a better life for themselves. Enough to satisfy an average person with mdoest ambitions.

Otherwise, a kid born into a poor family with no means of doing better than his family, like good education, affordable or free college with quality education, decent pay and healthcare, that kid will work in low wages to support his poor family. His children with do the same. You get the idea saxib.

I disagree with the concept of winners take all who got there by any means necessary.

 

[Tukraq]

Tukaraq,

Do you acknowledge both benefits and disadvantages of free market economy? if you have read about this or studied economics in college , what were the disadvantages to free market economy? And do you agree these problems should be addressed with policies that keep free market economy away from harming the same people it is supposed to benefit?

I don't believe there is a perfect system that would make everyone happy. All human beigns won't be wealthy. There will always be haves and have nots. The successful economies and societies are the ones that have progressive means to address income disparities and provide opportunities for their people to make a better life for themselves. Enough to satisfy an average person with mdoest ambitions.

Otherwise, a kid born into a poor family with means of doing better than his family, like good education, affordable or free college with quality education, decent pay and healthcare, that kid will work in low wages to support his poor family. His children with do the same. You get the idea saxib.

I dsiagree with the concept of winners take all who got there by any means necessary.

Thing with that is most rich people in America are self made sxb if there not then there on the road to blowing it all, in fact by the third generation 90 percent wealthy families lose it all, so these classes aren’t stagnant and it’s not that hard to move up, I also don’t believe in equality of outcome and that a totally equal society financially is a good one

 

[ZakWantsToPlay]

Thing with that is most rich people in America are self made sxb if there not then there on the road to blowing it all, in fact by the third generation 90 percent wealthy families lose it all, so these classes aren’t stagnant and it’s not that hard to move up, I also don’t believe in equality of outcome and that a totally equal society financially is a good one

You can't create equality in income. That would be communism. You need to let people decide what they want to do and thrive. Yet you still need to regulate the economic system so majority of society can do well. Good governance and progressive tax system are without a doubt best vehicles to lift up people. Get rich but one must pay their due share since the wealth they created used the resources of the public, from freely educated work force to publicly built infrastructures. The idea that the rich guy created himself without social input to begin with from which they benefitted is a myth in America sxb. Few are the exception and most wealthy people inherited their wealth.. They hire smart people who make money for them. So it makes sense for the rich to give back into the system through fair taxation. No cheating and loopholes for the wealthy to keep money and deny society their due. Then government invests in education etc.

 

[Tukraq]

You can't create equality in income. That would be communism. You need to let people decide what they want to do and thrive. Yet you still need to regulate the economic system so majority of society can do well. Good governance and progressive tax system are without a doubt best vehicles to lift up people. Get rich but one must pay their due share since the wealth they created used the resources of the public, from freely educated work force to publicly built infrastructures. The idea that the rich guy created himself without social input to begin with from which they benefitted is a myth in America sxb. Few are the exception and most welathy people inherited their wealth.. They hire smart people who make money for them. So it makes sense for the rich to give back into the system through fair taxation. No cheating and loopholes for the wealthy to keep money adn deny society their due.

no, it was capitalism that lifted billions out of poverty, communism and socialism/ governance made people poorer, rich guy became rich from the peoples vote of confidence in their product through their dollars spent so yes rich guys got their money from the people legally and willingly as its their right to spend their money on whatever product they choose which is why its democratic, very few wealthy people inherited their wealth in America most are self made, those that inherited lose it by the next generation https://www.marketwatch.com/story/heres-why-90-of-rich-people-squander-their-fortunes-2017-04-23 second generation loses 70 percent of wealth and 3rd 90 percent, meaning their back to broke from being wealthy, aka a cycle

 

[Aliobaba]

I need help starting forex