This is the same thing I am talking about. You believe that you are free, but in reality, you get trapped in the web of credit. Getting a thing which you cant afford, so that you have to pay for your entire life, and then your children and so on. You have to repay the money with interest. Whenever you lend money on interest, that money that is a part of interest is actually created out of thin air. Which decreases the value of existing money. This is the reason of inflation. Money remains money, its value remains fixed if there is no interest on lended money in the world than there will be no inflation, no recession and no depression. But you don't learn from your history. People have house they cant repay, a car they cant afford, facilities that they don't deserve, but they are enjoying it by the grace of credit based on interest. The result is in front of you in the form of recession, which is turning to be depression. This is what happens when you play with fake money. It affects working class people, there lifetime earnings turn to dust overnight. You history is filled with depressions. But you don't learn from the history. Those who don't learn from history are destined to repeat it.
Existence of credit produces debtors. Existence of donuts produce fat people. Existence of Surf produces surfers. Are you really saying there should be no credit, and that users of credit are slaves? Are you saying there is no such thing as credit where you live? Are you really saying people offered a donut don't have the option to say, no thanks, I'm no a diet? LoL. Did your goat tell you this? Seriously pal, do you have a primary school education? My 5 year old has a better understanding of these very basic financial concepts than you do. Oh the irony of such an uneducated guy talking about learning. Seriously, what country is responsible for your horrible education?
Gee, that's funny. I think that if I had all this credit debt, I'd know about it. Wouldn't my credit card balances say something other than $0? I sure wish that the rich successful advanced nations knew these great secrets which has made Pakistan so fantastically wealthy.
So, according to you, everybody out there to get your ass but is it ever hit your brains that Wiki sticks to facts presented by smarter people than you and who know subject in a way you will never know because you're to stupid to use logic and common sense? fastreplies
Pakistan has a per capita GDP of $989/yr (IMF numbers). I sure wish that we in the civilized world could learn how to achieve that kind of economic success. Luckily, betaturd is here to show us how. Look at all that deep dark blue; those must be Islamic nations for certain!
I am not here to teach you the basics of economics. The reason world is going through recession is because of America, the reason America is going through recession is because of printing extra money, and that comes when someone borrows money from the bank. Americans are fool enough to think that printing more money and giving it to banks as bailouts will solve the problem. Pity nation. It is called "Riba" in Islam and this is the reason why its prohibited. PS: Printing money is just a term it doesn't literally mean printing money, its just numbers added to one's account as a credit.
Its just a matter of time, fake money doesn't last longer. All the Muslim countries are rich in natural resources which is a true asset. You can not ignore the history.
As soon as the oil runs out, those few OIC nations which aren't dirt poor now will return to being dirt poor. Why? Because caravan robbing isn't a good economic model in the 21st century. OIC nations will remain dirt poor until they stop repressing the intellectual wealth of their people -- which is an impossible task for the religion of submission.
You make it so clear and easy to understand. Perhaps you've missed your calling as an economics teacher. I bet you qualify wherever it is you come from. It is prohibited because it is called Riba? I hate to educate you on Islam, something I figured you would actually know something about, but Riba is only prohibited under Sharia. There are many Muslims in America who happily pay interest on their home mortgage who don't feel any less Muslim for having done so. You might be surprised to find many of the wealthy leaders of Islamic oil rich nations also invest money in foreign countries where it earns interest. One last thing. The actual interpretation of the word "Riba" is usury, not interest. We have laws against usury in the west as well.
Ya that will help a lot considering global warming and desertification . But I guss you don't need food .
Pardon me Betaturn, but you just repeat some sentences continuously without figure out what others are telling you. Even if I was slave but my mind didn't enslave.
Muhammad's slaves: Salma Um Rafi, Maymuna daughter of Abu Asib, Maymuna daughter of Sa'd, Khadra, Radwa, Razina, Um Damira, Rayhana, Mary the Coptic, Yakan Abu Sharh, Aflah, 'Ubayd, Dhakwan, Tahman, Mirwan, Hunayn, Sanad, Fadala Yamamin, Anjasha al-Hadi, Mad'am, Karkara, Abu Rafi', Thawban, Ab Kabsha, Salih, Rabah, Yara Nubyan, Fadila, Waqid, Mabur, Abu Waqid, Kasam, Abu 'Ayb, Abu Muwayhiba, Zayd Ibn Haritha, Mahran, ... Jesus's slaves: n/a If you have to follow the insane rantings of some dead guy, it seems to me that Jesus is a more moral choice than Muhammad. If you consider all the murder, rape, child molestation, theft, and lying to the equation, it becomes clear that following Muhammad is morally indefensible. I am not a fan of Jesus. He was pretty much just a cheap Jewish knock-off of Plato, and I'm not a fan of Plato. But if I did feel the need for some arbitrary external moral structure to guide my life, it sure as hell wouldn't be anything developed by an asshole like Muhammad. He's not just a bad role model, he's a terrible role model. He's damn near as bad a role model as could possibly exist and the mess that Islamic nations are today can be traced back to his bad influence.
I guess you know about Islam more than most of the Muslims. I'm not sure you were curious about it before 9/11, maybe it's 9/11 miracle! lol
Your problem is you don't understand that it is credit that gives someone without money a life. How else do you propose to own your home?
Greed has no limit. A person incapable of buying home should stay on rent rather than buying one on mortgage. Giving a person which that person does not deserve not only enslave that person, but that person becomes a burden on whole nation by causing inflation. It is worse than stealing as in that case a single individual is affected. It is worse than printing fake money as in that case people having fake money get affected. Bankers are literally robbing the entire nation by causing inflation and decreasing the value of money. Those who help bankers in doing so, by taking credit from the bank and depositing money in the bank are equally responsible.
I think we should also mention that the imperialists have not only created slaves on their own soil, but all around the world, by putting poor countries into debt and keeping them into debt, as a result those countries now have to give away their natural resources to America (that was found on mass genocide & built on slavery).