Hi Anya,

Firstly, thank you viewing and approaching this site as an outlet for your work. Most financial analysts are looking at the rear-view mirror and putting patches together to advise people what to do until the next crisis happens.

I have decided not to write any more about the debt problems but rather focus on how this broken debt- and interest-based system is enslaving most people on earth. My focus is more on understanding the root causes of the failures in the system, and how to develop a system of exchanges/markets, currencies and contracts that will lead to liberation of ordinary people from the grip of the money-lenders. This requires research on monetary, political and judicial systems from a historical perspective to understand if ever there was a period in the history of mankind where monetary justice was meted out fairly for all segments of the society. Today the moneyed elite are calling their shots through the political pawns, and academia has been complicit in exposing the cozy arrangements between central bank, money-centre banks, paper money and debt-based economy system.

What we need is liberation of commerce through risk- and profit-sharing arrangements between financiers and entrepreneurs across the economy, just as venture capital works in Silicon Valley. Short of that we will continue to have adversarial relationships between capitalists and the masses. Thank you very much for your approach.

waleykum as Salaam, Dear Br. Omar,

First, please accept my apology for not replying earlier as I did not see your email earlier. I just saw an interview by John Burke (Newsmax) of the author (Bob Wiedemer) of the book titled “Aftershocks”. Bob Wiedemer said that his worst nightmare was 90% drop in the stock market and 50% unemployment in the US in the next couple of years. Reading from my blog you will realize that I predicted these in 2005.

Although Asian countries are in a much better financial shape than US or Europe, nonetheless, Asian stock markets take their queues from US stock markets. Add to that War Cycles…if you study the histories of Britain and US you will find that whenever these empires have gone into economic dark waters they have encroached on other civilizations for a grab of their resources. Therefore, I do not discount another Great War in the next couple of years.

Gerald Celente of Trends Research (USA) has already written about the first Great War of the 21st Century in his Q2 2011 Trend Journal, that this Great War has already started in the Middle-East. William Guy Carr wrote in his book “Pawns in the Game” in 1947 that WW III will start in the Middle-East. Therefore, there are many things at play for one to decide what to do with their hard-earned money. I will first have a good position in Gold and Silver (or Dinar and Dirham) before I play in any other markets, and insha Allah this will help you to prepare your family and friends. Another thing I would focus is learning about Permaculture on how to grow food sustainably with minimum space and without fertilizers, and also to learn how to collect seeds and store them. I am doing one additional thing, that is, applying my engineering background in studying energy efficiency/management as fossil fuel energy resources are being depleted at a rapid clip, and it will become very expensive as nations vie with one another to grab the last remaining resources on the Earth. In Allah SWT Trust…wassalaam…Syed

I am Anya Bennett a financial writer. I write on several finance related topics like debt, loans, insurance, investment and so on. I came across your site while surfing through the internet to find a suitable blog for writing articles. It is highly resourceful with rich and nice contents and has a vivid presentation. I must appreciate your hard work and wish you good luck.

I was wondering if you can allow me to write for your site/blog. I assure you to provide you an absolutely unique but relevant article so that it proves to be useful to your readers. I wish you consider this proposal and will wait for a reply from you.

If you are displeased with my email, I cordially regret in advance.

My Kind Regards,
Anya Bennett.
Email ID: anya.bennet@gmail.com

Thank you very much for your kind write-up. You have a good point about getting like-minded people together to come up with solution. Actually there are small groups of people working towards being independent from monopoly money. Please look up Community Currency or Alternative Currency. In the Muslim camp there are people who are working toward returning to true trading – not the ‘so-called’ trading done by Islamic Banks. Also, if you want to understand how ordinary people are being impoverished please read “Economic Justice in Islam” by Dr. Hifzur Rab and “The Problem with Interest” by Tarek El-Diwany. Thank you. Peace…

Sorry I do not give individual stock recommendations. I am more into studying fundamentals, credit bubbles and manipulations which eventually come to pass and make markets correct dramatically.

Dear Dr. Hoque, I am one of those who visited your talk about global financial crisis at IIUM. Recently I was planning to buy some shares at Malaysian agricultural companies such as Sime darby, manufacturing UMW and some other foreign companies. The purpose is not only to get some dividends but also to have some a practical experience of buying shares. I am not going to buy too much, I am not that rich, maximum I can afford maybe 5-10 shares from each company.

So I want to ask you, since you told that all the stock markets will collapse soon or later, is it a good idea for me to buy these shares?
From both perspectives: permissibility and profitability of idea.

Wassalam
Best regards

Reply to Syed Rakib Al-Hassan…Thank you for bring up the issue of what to study in these changing times. You will find a small article in the folder labelled “Surviving the Coming Cataclysm”.

although we are understanding the logic and the proofs you have illustrated in this writing, and i am sure there are many others in this world as well who perfectly understand the illustrations expressed here, what concerns me is that the group of like-minded people who agree to these concepts don’t have any platform to congregate together and to define these concepts as new standards for a community or society.

While the group of like-minded people are not congregated together but are scattered here and there, we are just correcting our concepts and thoughts about financial practices, but not correcting our actions. Because the “community” (or more appropriately the system that is around us) won’t let me take any study loan without an interest today – hence, i might as well choose that path (although not happy about the path) to ensure that my studies don’t stop.

hence, respecting all views and thoughts expressed in this writeup, i am very curious and would really like to learn more about how ordinary people can act as individuals in order to promote the idea of wealth generation through practices of islamic finance in the current “community” that we are a part of.