201–207 of 207 posts
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Links or examples
https://www.birgun.net/haber/erdogan-dogruladi-katar-emiri-n... https://tr.euronews.com/2019/02/09/erdogan-tank-palet-fabrik... https://www.cumhuriyet.com.tr/haber/turk-telekomun-satisini-... https://www.aykiri.com.tr/aselsan-satildi-mi-aselsan-satildi...
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> Everybody knows the new savings scheme he introduced is essentially increasing interest rates. This is not true. Raising interest rates would mean raising the cost of funding for the banking system. Under the new saving scheme, since the Treasury pays depositors the extra yield, the cost for banks remains unchanged. As does the marginal cost of borrowing from the central bank. The new saving scheme is a free dollar…
> printing money Something it cannot do without increasing its own borrowing costs, and reducing the import purchasing power of its currency. This has been tried and doesn't work: https://en.wikipedia.org/wiki/Black_Wednesday
I've come to realize that there are a significant number of politicians who will happily oversee 100 units of 'destruction' if it means they are able to generate 1 unit of personal profit in the process. When applied to an entire nation state, the results are significant. Look at the corrupt wealth generated by the current US Speaker of the House, for example.
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Nobody wants China in their backyard. The US is mostly there as protection. Where China is claiming territory it doesn't have any claims to and is using severe military pressure for it. Other than that, the ports that China does have is mostly because of loans that countries can't repay. Where they then claim infrastructure for their own. You don't seem to be informed on the topic?
I am well informed, but you seem to be ignorrant of the fact that most countries don't need US' racke..., oops, I mean protection. Should we ask people of Syria what is the US doing on their soil? Or Iraqis, who want them out but they for some reason don't wanna leave. As for loans...well, maybe don't take them if you can't repay them. The West is lending too, you know. And those credits aren't cheap.
And the loans are done by WHO. Many people benefit from it, but you can't get them while doing stupid things. At least it is manageable to pay back.
While China had some well positioned corrupt loans going on, which they actually want infrastructure/premium ressources and self managed in return. WHO doesn't have those conflicting interests.
I'm not saying WHO is perfect either, but it's obviously superior to the other option.
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They charge interest through other ways in “Islamic banking”. That’s all I know about it. Basically financial engineering, ends up in a be same way. Afaik there is no Islamic economics, just a bunch of funny business to avoid going against the religion. Same system in most places.
Those schemes that attempt to bypass usury by calling it something else are not Islamic. Many scholars have called them out. Proper Islamic finance involves risk from both parties. E.g. one party provides funding, the other provides labor, if the project succeeds, they both reap the rewards. If it doesn't, then the first party loses money and the second the labor. Islam very clearly calls out schemes to construct loo…
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I am well informed, but you seem to be ignorrant of the fact that most countries don't need US' racke..., oops, I mean protection. Should we ask people of Syria what is the US doing on their soil? Or Iraqis, who want them out but they for some reason don't wanna leave. As for loans...well, maybe don't take them if you can't repay them. The West is lending too, you know. And those credits aren't cheap.
Mispositioning words don't mean anything. And the loans are done by WHO. Many people benefit from it, but you can't get them while doing stupid things. At least it is manageable to pay back. While China had some well positioned corrupt loans going on, which they actually want infrastructure/premium ressources and self managed in return. WHO doesn't have those conflicting interests. I'm not saying WHO is perfect eithe…
By the way, I come from a country that was bombed by the US (doesn't narrow it much, I know) and can you guess what the new puppet government did after the war ended?
Yeah, it sold nearly all domestic companies, mines and factories for pennies to the western capitalists. It also dismantled a very efficient domestic financial/accounting system, replacing it with foreign banks.
So, don't talk to me about how the West is somehow different, or better than China.
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Mispositioning words don't mean anything. And the loans are done by WHO. Many people benefit from it, but you can't get them while doing stupid things. At least it is manageable to pay back. While China had some well positioned corrupt loans going on, which they actually want infrastructure/premium ressources and self managed in return. WHO doesn't have those conflicting interests. I'm not saying WHO is perfect eithe…
WHO is giving loans? Oooh, you meant vaccines. I thought we were talking about financial loans. By the way, I come from a country that was bombed by the US (doesn't narrow it much, I know) and can you guess what the new puppet government did after the war ended? Yeah, it sold nearly all domestic companies, mines and factories for pennies to the western capitalists. It also dismantled a very efficient domestic financi…
But I'm pretty sure the problems in the country predate US intervention.
And it doesn't contradict the fact that capitalism has made the world more peaceful than ever because of trade.
Convince me with numbers otherwise.
Ps. Yeah, i said WHO instead of IMF. Obviously, it's the latter.
Earlier quoted context omitted.
They charge interest through other ways in “Islamic banking”. That’s all I know about it. Basically financial engineering, ends up in a be same way. Afaik there is no Islamic economics, just a bunch of funny business to avoid going against the religion. Same system in most places.
Those schemes that attempt to bypass usury by calling it something else are not Islamic. Many scholars have called them out. Proper Islamic finance involves risk from both parties. E.g. one party provides funding, the other provides labor, if the project succeeds, they both reap the rewards. If it doesn't, then the first party loses money and the second the labor. Islam very clearly calls out schemes to construct loo…