Mr ali if you think aids and social breakdown in china back up your claims then you have really lost the plot, You cannot get out of this simple equation Loans from the IMF and World bank are a disaster pure and simple you can post CIA weblinks all day long they proove nothing pakistan is enslaved to the likes of the US owned IMF and World bank untill it removes itself from these riba loans. If you want to start bringing GDP of these countries into it fine i will break down the false myth of GDP aswell but i will keep it simple enough for you.
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[QUOTE]
* Let’s take an example AK47, only you have to answer it or solve it.
Ak47 lends Rs.100 to me (Ali Anzar) on January 1, 2001 to January 1, 2006, i.e. For 5 years, Ali Anzar has to repay Rs.100, in 5 equal installments one in every year. We are not using Interest. I (Ali) only have to payback Rs.100 to Mr.Ak47. The rate of inflation in Pakistan is about 8%, meaning The purchasing power of Rs.100 in 2001, will not remain the same in 2006 Let’s use Mathematics to solve what Rs.100 in 2001, would be equal to in 2006 [100 * (1.08) ^ 5] = Rs.146.9328077 In 2001 the amount of commodities which Ak47 could buy from Rs.100 for that he has to pay Rs.146.9328077.
*** Will you lend me?**
* Brother in this a further question can be raised why should one lend to other when there is no benefit to the lender?
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GDP is used widely by the capitalist nations as a measure of total production of all goods and services produced in a nation, and a major indicator of its economic success.
GDP record every economic transaction as a good thing, even costs of crime social problems even if there was a earthquake or hurricaine GDP will record everything as good for economy e.g the rebuilding of damaged properties, medical costs etc any normal person would see this as a disaster obviously with the billions in costs but GDP will record this as adding billions to economy of the country.
also with loans from IMF and World Bank GDP is raised and this is false indicator again because these same loans have to be paid back with riba.
Many of the developing countries you will see big multinational companies and these companies produce big profits which add to the developing countries GDP however this same money and profit is sent back to the US or Germany or whatever country the multinational company is based, another false indicator of the GDP. The western countries are using the resources of developing countries and calling it a big gain for the developing countries!
so you can see how the GDP is false indicator of economic success and people fall for this too many times.
This is not restricted to developing countries lets look at richest nation on earth the US, last 30 years GDP has risen something like 55% but same time wages dropped 15%, the richest people in the US their income rose 20% but GDP says whole nation is being richer which is not true. Even today 30 million and above people live in poverty in the US.
these are just some of the examples of why GDP is big deception.
GDP record every economic transaction as a good thing, even costs of crime social problems even if there was a earthquake or hurricaine GDP will record everything as good for economy e.g the rebuilding of damaged properties, medical costs etc any normal person would see this as a disaster obviously with the billions in costs but GDP will record this as adding billions to economy of the country.
also with loans from IMF and World Bank GDP is raised and this is false indicator again because these same loans have to be paid back with riba.
Many of the developing countries you will see big multinational companies and these companies produce big profits which add to the developing countries GDP however this same money and profit is sent back to the US or Germany or whatever country the multinational company is based, another false indicator of the GDP. The western countries are using the resources of developing countries and calling it a big gain for the developing countries!
so you can see how the GDP is false indicator of economic success and people fall for this too many times.
This is not restricted to developing countries lets look at richest nation on earth the US, last 30 years GDP has risen something like 55% but same time wages dropped 15%, the richest people in the US their income rose 20% but GDP says whole nation is being richer which is not true. Even today 30 million and above people live in poverty in the US.
these are just some of the examples of why GDP is big deception.
huh? what's wrong with counting all value production (goods and services) into gdp? that's why it's called Gross Domestic Product. You have to use your head to enure you use the right indicator for the right purpose. As an indicator overall economic activity GDP provides a high level metric. Per Capita consumption, purchasing power, income and wealth distribution, real tax rate, real interest rate and marginal rates and a host of other indicators are used in combination to determine overall econmic progress of a people. Ak47 seems to have/project a overly simplistic view of economies and condition of people.
And what does all that have to do with interest anyway? He doesn't want to address the simple question namely why would anyone lend to you if you don't want to pay interest or break the contract to pay interest. He seems stuck in a dream where the lenders follow islam's no interest doctrine as he interprets it forgetting the reality that a dominant majority of the world is not islamic and even within the islamic countries a dominant majority practice interest.
Empty rhetoric and wishfil thinking do not measure up to a plan, hope or even an ambition.
Ak47, why don't you instead propose some projects that Pak can undertake to better their people?
comeagain obviously you have not even analysied what has been written when you decide to do that then come back and try again you have not even refuted what has been written all you have said apart from the usal cheapshots is whats wrong with that and , that is very thoughtful and useful comment NOT!
comeagain when you have analysed what has been written then come back and try again, all you have said apart from usual cheapshots is WHATS WRONG WITH THAT! very useful comment for the debate NOT!