Zero inflation in 1400

[rtabasum2]

Zaid Hamid ‏@ZaidZamanHamid 21 May A chicken used to cost 1 silver Dirham in 750 AD in Arabia. Today, its cost is still 1 silver Dirham! Zero inflation in 1400 yrs ! Beat this. Source:

Zaid Hamid

@ZaidZamanHamid

Defense and security analyst

Rawalpindi, Pakistan. zaidhamid.pk

 

[GeoG]

Re: Chicken Philosophy

Yeh Sufaid toppi walay say Lal topi ko change kar liya
Kuch change mila ya hath say daina para... :)

 

[Unicorn]

Re: Chicken Philosophy

We would like @ratbasum2 to provide us with catalog of items with listed costs 750 AD.

 

[Khansaber]

Re: Chicken Philosophy

what about eggs ???????

 

[concern_paki]

Re: Chicken Philosophy

what you want to prove ?

 

[rtabasum2]

Re: Chicken Philosophy

what you want to prove ?

Gold and silver are the most stable currency the world has ever seen.

From the beginning of Islam until today, the value of the Islamic bimetallic currency has remained surprisingly stable in relation to basic consumable goods:

A chicken at the time of the Prophet, salla'llahu alaihi wa sallam, cost one dirham; today, 1,400 years later, a chicken costs approximately one dirham.

In 1,400 years inflation is zero.

Could we say the same about the dollar or any other paper currency in the last 25 years?

In the long term the bimetallic currency has proved to be the most stable currency the world has ever seen. It has survived, despite all the attempts by governments to transform it into a symbolic currency by imposing a nominal value different from its weight

 

[BrotherKantu]

Re: Chicken Philosophy

I really doubt it.
Silver Dhram was a lot of money in old times and hardly commoners saw a silver coin. where as chickens were raised for free.


Where as the value of PM, I have no doubt about it.
​

 

[Unicorn]

Re: Chicken Philosophy

Gold and silver are the most stable currency the world has ever seen.

From the beginning of Islam until today, the value of the Islamic bimetallic currency has remained surprisingly stable in relation to basic consumable goods:

A chicken at the time of the Prophet, salla'llahu alaihi wa sallam, cost one dirham; today, 1,400 years later, a chicken costs approximately one dirham.

In 1,400 years inflation is zero.

Could we say the same about the dollar or any other paper currency in the last 25 years?

In the long term the bimetallic currency has proved to be the most stable currency the world has ever seen. It has survived, despite all the attempts by governments to transform it into a symbolic currency by imposing a nominal value different from its weight

In reality value of any item is established by supply and demand. There have been ups and downs in value of gold. If the demand of chicken is high than you must pay more silver for it, its simple as that chicken and silver are both currencies:):)

 

[rtabasum2]

Re: Chicken Philosophy

In reality value of any item is established by supply and demand. There have been ups and downs in value of gold. If the demand of chicken is high than you must pay more silver for it, its simple as that chicken and silver are both currencies:):)

Gold cannot be inflated by printing more of it; it cannot be devalued by government decree, and unlike paper currency it is an asset which does not depend upon anybody's promise to pay.

Portability and anonymity of gold are both important, but the most significant fact is that gold is an asset that is no-one elses liability.

All forms of paper assets: bonds, shares, and even bank deposits, are promises to repay money borrowed. Their value is dependent upon the investor's belief that the promise will be fulfilled. As junk bonds and the Mexican peso have illustrated, a questionable promise soon loses value.

Gold is not like this. A piece of gold is independent of the financial system, and its worth is underwritten by 5,000 years of human experience .

 

[iftikharalam]

Re: Chicken Philosophy

Gold cannot be inflated by printing more of it; it cannot be devalued by government decree, and unlike paper currency it is an asset which does not depend upon anybody's promise to pay.

Portability and anonymity of gold are both important, but the most significant fact is that gold is an asset that is no-one elses liability.

All forms of paper assets: bonds, shares, and even bank deposits, are promises to repay money borrowed. Their value is dependent upon the investor's belief that the promise will be fulfilled. As junk bonds and the Mexican peso have illustrated, a questionable promise soon loses value.

Gold is not like this. A piece of gold is independent of the financial system, and its worth is underwritten by 5,000 years of human experience .

As far as I know, a country should print the currency notes that are equal to the gold reserves!! This way they can keep the inflation rate to 0.

 

[NasNY]

Re: Chicken Philosophy

Can some on tell me what came first Chicken or the Egg.

 

[rtabasum2]

Re: Chicken Philosophy

Can some on tell me what came first Chicken or the Egg.

 

[modern.fakir]

Re: Chicken Philosophy

The person who asked this question : An Idiot (bigsmile)

Can some on tell me what came first Chicken or the Egg.

 

[mithyaa]

Re: Chicken Philosophy

Gold and silver are the most stable currency the world has ever seen.

From the beginning of Islam until today, the value of the Islamic bimetallic currency has remained surprisingly stable in relation to basic consumable goods:

A chicken at the time of the Prophet, salla'llahu alaihi wa sallam, cost one dirham; today, 1,400 years later, a chicken costs approximately one dirham.

In 1,400 years inflation is zero.

Could we say the same about the dollar or any other paper currency in the last 25 years?

In the long term the bimetallic currency has proved to be the most stable currency the world has ever seen. It has survived, despite all the attempts by governments to transform it into a symbolic currency by imposing a nominal value different from its weight

Gold prices in the last year

Silver prices in last 6 months

 

[Mushi_Munna_Adnan_Younus]

Re: Chicken Philosophy

The person who asked this question : An Idiot (bigsmile)

if you dont have an answer, it makes you look like a moron

 

[Wadaich]

Re: Chicken Philosophy

what you want to prove ?

We would like @ratbasum2 to provide us with catalog of items with listed costs 750 AD.

I really doubt it.
Silver Dhram was a lot of money in old times and hardly commoners saw a silver coin. where as chickens were raised for free.


Where as the value of PM, I have no doubt about it.
​

Perhaps we have mistook the analogy. It is almost impossible to manipulate the currency and enslave the people if it has worth in itself. It is paper currency vs real currency since time immemorial (Silver/Gold/land/commodity). Paper currency doesn't have any value in itself...it is just a piece of paper subject to acceptance of some nation or country. While on the other hand the currency which has its worth in itself hasn't any problem like this. For example if have one gram of gold or silver and want to buy something from somebody.....he/she won't even bother to look at the stamp of the country or government on it..... so to say not even bother to care whether or not it is shaped as coin or a shaggy shaped piece....it shall just work.

Result: You get out of the slavery of the few who have monopoly over issuing currency and defining their value. In short U cannot strangle the poor by "creating money out of thin air" . This is this paper currency through which human are subjected to slavery of few..... .....The Banker Families the real hand behind the wars.

 

[mithyaa]

Re: Chicken Philosophy

Gold and silver are the most stable currency the world has ever seen.

From the beginning of Islam until today, the value of the Islamic bimetallic currency has remained surprisingly stable in relation to basic consumable goods:

A chicken at the time of the Prophet, salla'llahu alaihi wa sallam, cost one dirham; today, 1,400 years later, a chicken costs approximately one dirham.

In 1,400 years inflation is zero.

Could we say the same about the dollar or any other paper currency in the last 25 years?

In the long term the bimetallic currency has proved to be the most stable currency the world has ever seen. It has survived, despite all the attempts by governments to transform it into a symbolic currency by imposing a nominal value different from its weight

Perhaps we have mistook the analogy. It is almost impossible to manipulate the currency and enslave the people if it has worth in itself. It is paper currency vs real currency since time immemorial (Silver/Gold/land/commodity). Paper currency doesn't have any value in itself...it is just a piece of paper subject to acceptance of some nation or country. While on the other hand the currency which has its worth in itself hasn't any problem like this. For example if have one gram of gold or silver and want to buy something from somebody.....he/she won't even bother to look at the stamp of the country or government on it..... so to say not even bother to care whether or not it is shaped as coin or a shaggy shaped piece....it shall just work.

Result: You get out of the slavery of the few who have monopoly over issuing currency and defining their value. In short U cannot strangle the poor by "creating money out of thin air" . This is this paper currency through which human are subjected to slavery of few..... .....The Banker Families the real hand behind the wars.

Please spare 15 mins and watch this entire video and try to understand why paper currency is used and how it works.

 

[Imran Siddiqi]

Re: Chicken Philosophy

For those who are interested in more serious discussion about the subject. Following are some interesting Views on the subject.
Mahathir Muhammad of malaysia was a big proponent of a Gold Currency.
My apologies for boring some people here..

Other parts
https://www.youtube.com/watch?v=aeR9_M4vqrc
https://www.youtube.com/watch?v=7TugRk22KOY
https://www.youtube.com/watch?v=sQEFA5h5r00

Another Documentary.

 

[Raaz]

Re: Chicken Philosophy

Perhaps we have mistook the analogy. It is almost impossible to manipulate the currency and enslave the people if it has worth in itself. It is paper currency vs real currency since time immemorial (Silver/Gold/land/commodity). Paper currency doesn't have any value in itself...it is just a piece of paper subject to acceptance of some nation or country. While on the other hand the currency which has its worth in itself hasn't any problem like this. For example if have one gram of gold or silver and want to buy something from somebody.....he/she won't even bother to look at the stamp of the country or government on it..... so to say not even bother to care whether or not it is shaped as coin or a shaggy shaped piece....it shall just work.

Result: You get out of the slavery of the few who have monopoly over issuing currency and defining their value. In short U cannot strangle the poor by "creating money out of thin air" . This is this paper currency through which human are subjected to slavery of few..... .....The Banker Families the real hand behind the wars.

I dont think it is a matter of money , real silver or papper , which could buy a chick .....

It is the matter of availability of chick actually , which is keeping its cost low....

I remember when white chick was newly out in the market and Desi hens are also available ..... but there was a huge difference in price


This is technology that chick is grown up in six weeks , not six months.


But if we see the real inflation , compare real gold prices with real estate.

A huge difference and huge inflation u will notice.

 

[Wadaich]

Re: Chicken Philosophy

Why it seems as if there is a broiler brain in a Desi Kukar?:(

​

I dont think it is a matter of money , real silver or papper , which could buy a chick .....

It is the matter of availability of chick actually , which is keeping its cost low....

I remember when white chick was newly out in the market and Desi hens are also available ..... but there was a huge difference in price


This is technology that chick is grown up in six weeks , not six months.


But if we see the real inflation , compare real gold prices with real estate.

A huge difference and huge inflation u will notice.