The Usury.
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Peace bro "tanveer",
I agree with the conclusion that currency should be based on 100 % gold standard, but disagree with charging interest on the gold money lent as it is forbidden by the Qur'aan.
JK- First of all the amount of currency cannot solely depend on the amount of gold a country has. What kinna unfairity would tht be? It also depends on the amount of labor especially scientific work a country is doing. Just imagine country x is extremely lazy, doesnt work but has a lot of gold whilst country y doesnt have much gold but works its ass off and has alot of scientific advancement. Shld x really be the one which should have mroe currency value and be declared economically stronger?
2ndly how can interest/rent being charged whilst lening out gold be considered Riba? Wht are the bank or gold investers supposed to do, lend it out freely? Doesnt make any sense. GOD Bless! -
Peace JK,
JK- First of all the amount of currency cannot solely depend on the amount of gold a country has. What kinna unfairity would tht be? It also depends on the amount of labor especially scientific work a country is doing. Just imagine country x is extremely lazy, doesnt work but has a lot of gold whilst country y doesnt have much gold but works its ass off and has alot of scientific advancement.
The currency does not have to be backed only by gold but any natural resource including scientific technology.
Wht are the bank or gold investers supposed to do, lend it out freely? Doesnt make any sense.
I have already answered that here
http//free-minds.org/forum/index.php?topic=12997.msg134544#msg134544
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Peace "tanveer",
Peace JK,
The currency does not have to be backed only by gold but any natural resource including scientific technology.
JK- I thought you just said in your previous post about the gold being the standard for currency or did i misunderstand something there?
I have already answered that here
http//free-minds.org/forum/index.php?topic=12997.msg134544#msg134544
JK- Ok ill go there then. GOD Bless!
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Insider trading is carried out in PUBLIC COMPANIES. Please call your brokerage firm to confirm that !
The insider trades are those trades carried out by the Directors, Officers, or 10 % owners of a PUBLIC COMPANY. This insider trading is carried out based on information not yet available to general shareholders of the company, and AFTER the trade is carried out, it is reported within 2 business days to the Securities and Exchange Commission and is then made available to the general public. Thus there is a real time lag before this info is available to the public which is unfair for them. That is why many people think that all insider trading should be made illegal.
Please see the following
http//www.insiderscoop.com/?gclid=CI_r5YC274wCFQQfgAodO26ACw
Excerpt from the above
This insider trading information involves any changes in beneficial ownership of shares in a public company. Insiders are required to report these transactions, also known as ownership reports, to the Securities and Exchange Commission.
The Sarbanes-Oxley Act of 2002 amended the regulations governing the reporting of insider transactions in two significant ways. First, it shortened the reporting period, requiring insiders to report transactions within 2 business days. Second, it required that all reports be filed electronically.
Please also see the following for more info
http//en.wikipedia.org/wiki/Insider_trading
http//www.sec.gov/answers/insider.htm
Gambling is also based on pure speculation of the outcome, and the rules of the game are made in such a way that the odds are stacked against the player in favor of the house, and also the payments are made less than what they should be according to the odds, which is called a vig and is considered like a "house fee". Stock prices are also based on pure speculation, and the rules of the game are made in such a way as to stack the odds against the public trader from the beginning, for example by the bid ask spread, commission fees for the trades, and insider trading for the privileged. Thus the market makers or specialists ALWAYS WIN because the bid ask spread is in their favor.
One can be competent and knowledgeable in stocks and can win sometimes, just like one can be competent and knowledgeable and win sometimes in casino games, but the fact remains that the odds are stacked against the player in favor of the house in both.
Yes Tanveer, after reading a few informative websites and also the ones you provided on Insider's Trading, you are certainly right about that. My bad and thanks for correcting me on this issue. ) -
Peace Genteel,
No problem bro and you are most welcome handshake