Bill Still speaks at The Multifaceted Global Crises of Riba: Resilience, Response & Reform in Malays

[ASQR1]

There's this guy I knew. White guy.. kinda typical Texan.. U know what that means.. Anyways, he and I go out for lunch 1 day and all of a sudden he starts talking to me about Islam and his fears of Islam. and his reservations about Prophet Muhammed SAW. Those words were outright blasphemy .. I honestly didnt feel like finishing my lunch with him. I sat there.. I heard it all. Then when he was done talking, I explained him the Libertarian concept, he said thats a fair philosophy. Then I shared Islamic values. He listened quietly. Then i addresses his comments on Prophet's SAW's wives, their ages, and the details of wars and treatments of jews thru the Military Tribunal laws of the US Forces. He listened to the whole thing. In the end I asked him - "Would you say anything about my family knowing that would hurt me and sadden me?" He replied "No. And Asif I didnt intend to upset you with these issues". He stood from the table uttering these words "I guess there's always the other side of the story too"

Last I spoke to that guy, he was reading something about Imam Ghazali RA. Now think for a sec, can you imagine what would have happened to that guy if he had uttered those words in Pakistan?

Above statement is horribly contradictory. and your question about what would happen to this guy in Pakistan is even worst. You are totally abandoning the America way which is be civilized, be mannered, be not saying and telling lies, if you are going to use your freedom to speak and expression. This guy that you talk about was insulting, , lier and most of all derogatory about our prophet S.A.A.S.. so stop your strange stories and go and fly a kite.

 

[lurker]

Just a question. You said "Real" wealth includes Land. And Financial wealth includes Real Estate. Is there a difference?

2 types of wealth. Real wealth i.e. land, machinery, fresh water/oil resources, means of production

Then we have financial wealth. This is for the sick minds to chase. Here' how financial wealth looks like

Thats right.. its an inverted ponzi scheme.

 

[AsifAmeer]

Man.. ur a genius.. No really! I mean it.

Land is the ONLY common denominator b/w real and financial assets. It is the link thru which you move your wealth pricing from the financial economy to the real economy. Banks create all the financial wealth and then move it into the real economy via Asset Price Inflation. This is the reason why a Middle class guy with an MBA from Wharton working in Karachi cannot buy himself a house from his income. This asset price inflation creates disparity b/w financial and real economy causing social inequality.

Sadly, this issue is not covered in Academia today. The only guy who I have bumped into speaking about this is Michael Hudson. But Hedge Fund Managers are starting to sound the same alarms here in the US.

Just a question. You said "Real" wealth includes Land. And Financial wealth includes Real Estate. Is there a difference?

 

[Omrkhan]

Property specially agricultural land is a must have in portfolio or nest egg.

Regarding Umrekan MBA, one more disadvantage of that degree holder in Pak is doing all things ethically.
That's why the Wharton guy can't buy 3/4 crore ka ghar. Princeling brats wapis aye tu that's a different story.

 

[AsifAmeer]

Corruption is a symptom, not the problem. I say this very confidently. Read up "When Money Dies". Wiemar was was a very nationalist country with very low corruption. Read up when happened to the whole nation when inflation started to tick up.

Key to killing corruption is killing the rent-seeking system... the very thing you mentioned about hold agricultural land.

Property specially agricultural land is a must have in portfolio or nest egg.

Regarding Umrekan MBA, one more disadvantage of that degree holder in Pak is doing all things ethically.
That's why the Wharton guy can't buy 3/4 crore ka ghar. Princeling brats wapis aye tu that's a different story.

 

[lurker]

Man.. ur a genius.. No really! I mean it.

Land is the ONLY common denominator b/w real and financial assets. It is the link thru which you move your wealth pricing from the financial economy to the real economy. Banks create all the financial wealth and then move it into the real economy via Asset Price Inflation. This is the reason why a Middle class guy with an MBA from Wharton working in Karachi cannot buy himself a house from his income. This asset price inflation creates disparity b/w financial and real economy causing social inequality.

Sadly, this issue is not covered in Academia today. The only guy who I have bumped into speaking about this is Michael Hudson. But Hedge Fund Managers are starting to sound the same alarms here in the US.

Hahha. I am no genius. Just amateur at best. I just noticed this and its good reading the material you post. I get to learn something new everyday.

 

[AsifAmeer]

Only economists are genius.. Genius a-holes.

It takes a keen eye to spot the nails before we step on them.

What they (bankers/govts) do is that they inflate the financial economy, then they try to squeeze that capital into land to cash out. And the cashout leads to a depression. Everyone is talking of an inflation.. In the US, we are going to have a deflation. Deflation is the logical conclusion of a debt overhang.

I am glad I was able to share a diff perspective to ya. Do share out of the ordinary stuff when you bump into it.

Hahha. I am no genius. Just amateur at best. I just noticed this and its good reading the material you post. I get to learn something new everyday.