The Cantillon effect applies to gold, which points to the importance of an economy based upon multiple commodity currencies rather than a single currency, whether fiat or gold.

If a new gold mine is discovered somewhere, the influx of newly mined gold into the market...

...will drive up prices, but before it does, the recipients of the newly mined gold will have a window of opportunity to buy things up at cheap prices before inflation kicks in.

The presence of multiple commodity currencies like livestock, grains, and spices protects...

...the economy from this effect being too pronounced.

This dynamic has a parallel in traditional vs. modern agriculture. In the past, farmers would produce multiple crops, and even multiple varieties of a single crop. This way, if one crop was affected by a blight or...

...pest and lost, there would be other resistant crops to help the people make it through the winter.

In the modern era, this method has been replaced with toxic pesticides, fungicides, and genetically modified crops. This enables production on a massive scale...

...but the food makes the people sick, and also degrades and depletes the soil. In other word, trading a greater profit in the short term for a much greater harm in the long term.

This is visible in almost everything the kuffar do...

...and the culmination of all this, of course, is the fact that they have traded the akhira for the dunya.

The laws of nature push the people towards sharia; unsustainable monetary systems are just one example of this.


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More from @ibn_alJad

27 Nov
Not only are currency systems affected by politics, they're also heavily affected by psychology.

Mainstream economists are trying to cast Turkey's currency crisis as Erdogan's foolish idea that lowering interest rates can reduce inflation, but the actual catalyst...

...for the recent rapid devaluation is investors and speculators closing their Lira positions in response to the *perception* that lowering interest rates will cause inflation.

This is why it's very deceptive to treat economics as a "hard science" like chemistry.

Much of economics is built upon the assumption that all phenomena can be understood rationally, but humans rarely behave rationally, especially when it comes to hers dynamics like panic selling a currency.

An example of this is the Asian currency crisis, in which...

Read 16 tweets
26 Nov
One of the scary thinga about ayah which states

(و لا تطع من أغفلنا قلبه عن ذكرننا تبع هواه و كان أمرره فرطا)

is that it is the heart that remembers Allah, not the tongue. So it may be that we remember Allah with our tongues, but our hearts are closed to his remembrance.

What makes this even more disturbing is the hadith

اذا كان احدكم في الصلاة فإنه يناجي ربه

"When any of you is engaged in prayer, he is holding intimate conversation with his Lord..." [Muslim 551]

We've all had conversations with someone who was not focusing on us...

...instead checking their phone and clearly not paying attention, and it's very rude and unpleasant to deal with such a person.

Yet it's very easy to fall into similar behavior in salah, to recite the remembrance of Allah with our tongues, while our hearts are closed to it.

Read 10 tweets
15 Nov
What is actually the problen with preventing girls from going to school?

Formal educational level is strongly correlated to divorce, and divorce is strongly correlated to (generational) mental illness, criminality, and more divorce.

It's a straightforward issue.

This doesn't apply of to religious education, but education designed to build up the formal labor force.

Still, many of the women of Islamic history who memorized Quran and books of fiqh, mastered Arabic grammar, etc. would be considered uneducated by "modern" standards.

This also doesn't apply to traditional vocational training, which is how most medical knowledge was passed down in the past. Again, highly qualified female doctors and midwives would also be considered "uneducated" by "modern" standards.

Read 6 tweets
15 Nov
Whoever wants to #Stand4Uyghurs must know that there are Muslim mujahidin who are fighting to liberate our brothers and sisters in Turkestan, but they are tortured, killed, and prevented from the path of Allah by rulers the kuffar have allowed to rule over the Muslim lands.

These mujahidin are often labelled as extremists, terrorists, or khawarij by the servants of traitors seeking to hold onto the scraps the enemies of Allah have given them at any cost.

It is without a doubt an obligation to come to the assistance of Muslims who are imprisoned, tormented, and forced away from their religion.

Thus, it also becomes obligatory to remove whatever impediments stand in the way of fulfilling this obligation.

Read 4 tweets
25 Oct
Why does the liberal state promote mixing of men and women?

Because it depends on continuous centralization of power into its institutions.

These institutions (academia, medicine, political, legal, and financial systems) are aggregates of relationships.

Relationships act like capacitors in their ability to store value. This value may take the form of direct credits and debits, or it may be more abstract forms of social capital. For example, "company culture."

Relationships are based on trust, and this trust enables value generating interactions.

The US dollar facilitates trade because people trust that it is widely accepted as a form of payment.

Family members support each other because they trust that love and care...

Read 18 tweets

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