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As you can see from the above videos, the American stocks suffered huge losses yesterday!
Can you imagine, the once big and mighty stocks of Citigroup and General Motors tumbled into record lows that have never been experienced for more than 10 years for the former and 50 years for the latter!
What have I told you Malaysians in the last few weeks?
Unlike the rest of you Malaysians, I do not waste my time reading stupid political blogs. I do not waste my time reading stupid news and views put forward by sites such as MalaysiaKini, Malaysia Today or HarakahDaily. I spent most of my time observing what is really going on in our sick world today because I know that whatever is happening out there today will one day come and haunt us!
Well, I got bad news for you stubborn and ignorant Malaysians out there. The haunting has begun yesterday and you will suffer if you do not do something about it today!
It is pointless to fight or beg for subsidies from the government. It is pointless to protest about fuel price hikes or the rising costs of living. Only ignorant fools will take their protests and fight it out on the streets and I certainly know that we have a lot of foolish Malaysians in Malaysia today. So sad… :-(
Please fellow Malaysians; change your bloody lifestyles, find ways to save money and get rid of your ridiculous burden of debts fast. I don’t know how you should do that but you just have to do it. Perhaps you should consider taking up some lucrative part time jobs or do like what I do, find some good Internet Marketing products and start your own online business.
I know Malaysians are one ignorant folks but we are also resourceful and quiet resilient. Now, please use those strengths to find ways to save you from the looming global economic disaster!
Now, do you still believe that western democracy and capitalism-based economy can save your neck and is best for mankind?
Sorry to say that I don’t want to hear your pathetic answer. The solution is right there in front of you but you just don’t want to accept it.
Praise be to Allah, the Lord of the Worlds; and may His blessings and peace be upon our Prophet Muhammad and upon all his Family and Companions.
Riba has dangerous effects and bad consequences on the economy. This is one of the reasons why Allah forbade it. We will limit ourselves here to two disastrous effects of Riba on the national economies both in the consumption level and the production one. First, the Riba loans add to the exploitation of the poor and the needy as it results in more poverty, hence reducing their future earnings. On the other hand, these Riba loans make the rich creditors richer and add to their future earnings. It is known that the poor and needy classes constitute a big majority of the society. And, in case the income of this category of people decreases then their demand on the consumed and invested commodities decreases as well. So, if we know that this demand is actually the magic key that turns the wheel of the national economy, as a whole, we realize how big the extent of the economical problem there will be and how expensive it is for the individual as well as the society in general. Second, in the field of investment and production, the Riba banking system allows the outflow of currencies to the wealthy people who are able to pay the loans while the poor ones bear the expenses as the prices of commodities rise up and these results also in national economy inflation which is disastrous for any economy. Finally, know that Allah never forbade anything except there are some harmful effects to it.
Allah knows best.
Source: Fatwa issued by IslamWeb Dot Net on the 15th of December 2003
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