"CBDC is a central bank crypto-currency issued by the bank. The bank of england has explictly mentioend their intention to push for this. Whilst there are various criticisms from a privacy persepctive and an anti-surveilance perspective, an interesting cirticism from a western economist's perspective is that it could lead to the shrinking of the banking sector as it could lead to banking sector dis-intermediation if CBDC is seen as more attractive than bank deposits which might lead to a tightening of the credit supply."
"Recently the american administration is offering a tariff stimulus check of $2000 to everyone except 'high income people'. This indicates that the current american government is very worried about the possibility of a recession. It seems that american government wants a large boost to consumption (low-income consumers tend to have higher larger marginal propensity to consume than high-income consumers). The american government is aware that the majority of the recent american economic growth has occured via the AI bubble which the american government themselves have pushed when they funded a loss-making company known as OpenAI which is implicitly asking for a bailout. The american government themselves did not expect china to introduce more competition (deepseek and moonshine) and openai have experienced huge losses despite them the introduction of their subscription model. Now openai is desperate to get some profit where they now want to introduce erotica."
"In the context of organisations, centralisation is where the upper management run majority of the operations of the organisation whilst decentralisation is where the lower levels of management run majority of the operations. Limited liability companies are similar to decentralised organisations where the shareholders don't really do much of the operations whilst the managers do. What arises from a decentralisiaed organisation is the conflict between the agent individual and the principal individual which has been described in the 'principal-agent theory'."
"'...The Christian drinks wine with his food, instead of water, without getting drunk and this increases his strength.' 'The Muslim, on the other hand, drinks wine only in order to get as drunk as possible. He loses his reason, goes mad...'"
This was mentioned in the book, "Ibn Fadlan and the Land of the Darkness: Arab Travellers in the Far North" written by "Ibn Fadlan" and translated by "Paul Lunde" and "Caroline Stone".
"The under discussed topics amongst Muslims who talk about finance is limited liability companies."
"The modern state of India"
"The history of modernity in India is a history of industrialisation with massive internal instability arising from the conflicts between the desires of the modernists and the desire of people who oppose some aspects of modernity. (They don't reject all aspects of modernity). Even when the people oppose a specific aspect of modernity and not all of it, it becomes apparent that the modern state of india is not able to act upon its supposed 'functions'."
"Look at the conflict between north India and south India which is related to other topics but one of those topics of tension is related to the langauge where north Indians tend to speak Hindi whilst south indians tend to speak dravidian languages (Tamil, telugu). The tensions between the central government and the southern states have exacerbated over the topic of language to the extent of which that only around 41% of the population speak Hindi which is viewed as an 'official language' whilst the rest of the population of the southern states speak in Dravidian languages. One of the not so spoken much about aspect of the modern state is the centralisation of language where there is an emphasis on the language of the state. So when you see modi speaking in either English or Hindi, less than 50% of the population of India understand what he is saying. In comparison to areas such as France, France used to have a range of dialects and langauges. After the 'revolution' the french engaged in language centralisation."
"A feature of the modern state is citizenship. The modernist believes that the citizen generally have the same rights as another citizen. This view of citizenship goes against Hinduism. Hinduism does not generally emphasises on doctrine and it is a ritualistic religion similar to confucianism. Hinduism does center around the hindu caste system where you find Hindus unable to define what Hinduism is when they worship different false idols whilst they're willing to tell you which 'caste' they belong to. That hindu belief is a rejection of the view that there is equality between individuals when the 'brahmin' views the dalit as a 'dog' and he doesn't believe that the dalit is part of the Hindu caste system. There have been several militias who believe in the hindu caste system who do not care about people outside their perceived 'caste' and this correlates with them being apathetic towards 'Indian' nationalism. The tensions between the 'indian' modernist and the hindu who believes in this caste system still continues today and that there isn't really a supposed 'Indian national identity' that unites Indians as there are tensions over language, ethnicity and Hindus who believe in the Hindu caste systems. At the same time the Indian modernists try to 'stop' their conflict with their hatred of Muslims. In other words Indian modernists believes indian nationalism which centers around anti-islamic views. The Indian state has tried to including the current hindutva government is their attempt of undermining hindus who believe in the Hindu caste system where they push 'caste reservations' where Hindus who are perceived by others as being part of a 'lower caste' are able to obtain jobs more easily with government support."
"Another feature of modernity specifically on the topic of modern technology and infrastructure. Although this topic is quite broad if you look at the introduction of cars, roads and headlights, you get an idea of how unstable the usage of modern technics and how missing one piece of modern technics has led to the dysfunctionality of the other modern technics in 'India'. For example, plastic bottles. Plastic bottles is widely used worldwide but usually the westerner dumps the plastic bottle in a recycling bin and there is a culture relating to putting plastic bottles in the recycling bin as its expected within a western society which has not only used modern technics but it has also responded to some of the excesses of it. In india, there is little to no recycling bins and as they do not expect others to place it in the recycling bin when the Indian government has not built this recycling infrastructure and they have not promoted a culture of recycling amongst the Indian population and what you see is the excesses of plastic bottles where there plastic waste all over the area and various types of pollutions associated with it."
"Another form of modern technics which have been associated with havoc and chaos is the transportation infrastructure and rotting roads where there are loads of cars, lorries and vans that roam across the road at high speed whilst there is a lack of warnings, the lack of road maintenance and the lack of culture which informs the members of that society about being careful around vehicles which has been associated with several violent events where a person has died after being hit by either a car, train or being involved in some crash where numerous people have died. The general pattern you see of the introduction of modern technics in India is that it is very disintegrated and disjointed such that modern technics in india is known to be associated with chaos, pollution and various adverse stuff and it could be argued that there India doesn't have a culture which actually responds to these modern technics where you see incidents happening."
"The modernisation of india is story in which the Indians imported 'modernity' and instead of this supposed 'idealised westernised country' you see a dysfunctional 'modern' state which acts similar to a pre-modern empire."
"One of the famous economic theories is about market structures. If there were competing numerous homogenous firms competing within the same market the economic theory states that usually in the firms end up competing over price. Examples that are similar to this market structure are foreign exchange markets and highly liquid share markets."
Is it not realisitically possible for these custodial wallets to be used to exchange bitcoin with fiat money and vice versa?
"Did the central banks learn from the soviets (Viktor Glushkov)?"
"MUSLIMS LIVING IN NON-MUSLIM COUNTRIES"
"After the end of the second world war, the collapse of the British empire occurred where several countries declared 'independence' and yet various groups who did fight the british, the descendents chose to leave the country towards the country which colonised them. Various south asian workers moved to Britain who were involved in the manufacturing industry."
"Britain isn't the only case where Muslims chose to go to and reside there. America, Australia, France, Germany, austria, italy and other countries."
"Various Muslims have struggled as the debate about 'integration', 'immigration' occured when violent attacks on immigrants occurred. In different countries, different muslims find themselves in a situation where they are not only a minority in a country but deal with various non-muslim groups (leftist, conservatives), muslims are in a situation where the state intervenes and tries to 'integrate' muslims into the state system and the state does try to undermine Muslims both mentally and physcially."
"In India, house of Muslims have been bulldozed, police participate in the killing of Muslims, several riots have occurred. America funds feministic groups abroad. The question is what do Muslims do in these type of situation?"
"There are those who say leave the non-muslim majority country. Hijrah is an obligation and residing in dar-ul-harb permanently is haraam. The question is now how does Muslims comply with the rulings on the topic of hijrah when the muslim is in a system that consists of passports, secular nation-states and governments of muslim-majority countries being more averse towards immigrants than western countries are. It's important to understand that doing hijrah whilst there is this current system is not easy. Obtaining a 'residential permit' in a muslim-majority country is much more difficult than obtaining it in a western country. Those who have obtained citizenship without 'naturalisation', they have uttered an oath that entails kufr."
"The question arises, what do the diaspora Muslims deal with residing in a non-muslim majority country?"
"On the topic of the methodology of approaching leftists and 'conservatives', the question is who are the leftists and the 'conservatives'. Whilst some view the terms 'leftists' and 'conservatives' as 'indefinite terms', both of these people believe in a combination of 'legal postivism' and 'liberalism' when leftists emphasies on pushing more social change whilst conservatives want to preserve the social changes that have been pushed and the battles you see between them is related to that. Leftists tend to be more liberal than conservatives. Leftists are more inclined towards socialism and marxism whilst conservatives are inclined toward capitalism and corporate oligarchy. Leftists are much more focused on emphasising on "equality" than conservatives are. The question arises on who to work with."
"Historically speaking, diaspora Muslims have worked with leftist organisations and haven't worked with western conservatives that much when western conservatives focus a lot on anti-immgration sentiment which leftists claim to oppose. When leftists talk about Muslims, they outwardly talk about muslims as a 'racial category being attacked by the state'. In other words, leftists are willing to work with muslims as long as the Muslim doesn't outwardly speak about the islamic viewpoint of marriage, governance and economics. Leftists become more hostile towards muslims if they no longer see muslims as being persecuted and they see muslims as being heavily involved in governance. At the same time, there are worldly benefits in working with leftists in terms of access to academia, trade unions and grassroot organisations willing to help muslims. Now there was a time when Muslims did try to work with conservatives in terms of approaching the 'transgender' issue and how sex was being taught in schools. It's important to remember at the time that the backlash against this happened after a protest in Birmingham which did spark a debate on how sex was being taught in schools. There was some hostility shown toward Muslims at the same time, there were rabbis and several nationalists who attended the protests including Katie Hopkins where there was this emphasis on 'agree to disagree but we are working together against these people.' The situation of this cooperation changed after October 7th when Zionists lured back the western conservatives again and we saw the southport riots."
"Cooperation with western conservatives tends to be more unstable than the cooperation with leftists when western conservatives despise those whom they perceive as weak and they view immigrants as the enemy. Whilst leftists despise the rich and the wealthy and they are willing to work with Muslims as long as they perceive Muslims as being 'weak' and 'poor'. Muslims have generally cooperated with leftists especially when dealing with anti-muslim sentiment of the western conservatives and Muslims have rarely cooperated with western conservatives when dealing with degenerate opponents."
"On the topic of careers, diaspora Muslims have currently focused the human capital in several areas including finance, healthcare and other areas. The question is what career do we want some diaspora Muslims to be in?"
"Some disencourage diaspora muslims to joining the manufacturing sectors or companies that are part of the manufacturing industry. When a country is in a state of war, manufacturing aspects of the economy are viewed as dual use industries that are used within a war economy. If someone assists disbelievers against muslims, that person has committed kufr and Muslims need to stay away from western arms companies which are involved in selling weapons to several secular governments which attack Muslims. That being said, Muslims who are involved in the finance industry are able to raise lots of money and gather lots of wealth and much more compared to engineers. Muslims who are involved in finance are able to have some sort of wealth fund that could be used towards charities, schools, infrastructure etc."
"One of the things that the news of 9/11 hidden was the recession that took place between 2001-2002 which was when the collapse of the dot com bubble occurred when several firms ran out of capital as they became unprofitable. Some firms survived which were founded during the dot com bubble: Google, amazon and ebay."
"There are many who call the service sector 'fake' and they think that the industry is the 'real economy' whilst they deny the basics of economics such as the formula of GDP."
"In the book, 'The Ulama in Contemporary Islam: Custodians Of Change', which is a book written by Muhammad Qasim Zaman, the book says: 'In British India, until 1939, while apostasy was recognised as valid grounds for the dissolution of the marriage contract, as Hanafi law maintained, it was not considered the court's function to force the wife to reconvert to Islam and remarry her former spouse—as the Hanafis also required. Consequently, a number of Muslim women, especially in the Punjab, apostatised in order to rid themselves of undesirable husbands.'"
"ORGANS AND TECHNICS"
"The common topic that arises with technology is that whether technology displaces human workers or not. Behind these types of questions there are various assumptions and views on technology or specifically in this case technics which has been defined in multiple ways."
"A french anthropologist who has the name, 'Leroi Gourhan' who viewed technology as an alternative to the utilisation of one's memory and organs, he did see variations of technics globally as 'technical facts' whilst he viewed aspects of technics which were necessary as 'technical tendecies'. An implicit understanding behind 'technical facts' is that humans are very much involved in influencing technics which sort of undermines the claim that technics replaces human workers."
"Much of the dispute between luddites and luddites is what technology is in terms the relationship it has with organs."
"Cybernetics which is about the communication of information between electronic devices, that emphasies on structures which have feedback loops and recursions such that many who studied cybernetics was inspired by african architecture."
"Those who are familiar with ai are probably aware of the different machine algorithms such supervised learning, unsupervised learning and reinforcment learning. In the context of cybernetics, the reinforcement learning algorithms are of interest particular a form of deep-learning algorithm known as recurrent neural networks. These type of algorithms have been used with sequential data when the algorihmic structure contains structures containing loops and feedback loops."
"Why mention cybernetics? How does this relate to the relationship between technology and organs when cybernetics relates to the flow of information? If you look at the sensory organs of the humans, the nose, the mouth, the tongue, the eyes and the ears, these organs respond to sensory stimuli over a period of time. A sensory stimuli over period of time could be described as similar to sequential data. There are various biological systems which are quite similar to recurrent neural networks in terms of networks where lines of which connect each node bears the similitude to the flow of data."
"The fact that deep learning algorithms are called, 'Neural networks' in the first place is already an indication of cybernetics being the artificial imitation of the structures of biological systems that are observed in nature."
"What further disturbs the human as he observes the topics discussed in cybernetics is the illusion of 'thinking' in which these feedback systems no longer see the initial dataset it was fed as the reference point but it sees the updated data as the reference, i.e. people see the system itself as the reference."
"What are the consequences of technological systems becoming a 'medium'?"
"In the context of electronic media which became a mode of communication particularly pornographic sites which feeds upon data of millions of individual's habits, modern man seeks pleasure via particular images or videos out of his desire of sexual stimulation. These images and videos become the competitors of sexual stimulation in comparison to the real breasts, vaginas, and face which the man seeks sexual stimulation. Such videos and images are not merely only representation of the distortion of the real, they are viewed as part of the real where such distortions within sexual desire are acted upon these several individuals as part of their craze of a dopamine hit."
"The mixture of technology and pornography that has been pushed by others is part of their attempt in displacing the viewership and the massaging of real sexual organs without an electronic medium as sexual stimulants whilst the videos and the images of pornographic material has become a new hole in which the hole swallows the penis and penetrates the bodily organs of the human."
"As we have seen the consequences of pornography mixing with technology, the functionalist view of technology is undermined by this phenomena as the cyberneticians do not view technology as a tool but they see it as an extension of the human body."
"One aspect of the narrative about technology is that it contains an implicit denial of the human willingness to do things."
"Others expected the human to conform to the technological system as you pay financial transactions via card, use google sheets to write documents, use mobile to communicate and pay parking tickets via apps alongside the human is stuck with websites and engaging with algorithms as he navigates through the online to find a job."
"The human feels trapped in this web of technology which he climbs on. But like webs, technology is quite sticky and as the more you engage in modern technology the more you feel trapped."
"Modern technology does not seek your consent, it penetrates you whether you consent or not and it's hard not to metaphormise aspects of modern technology as some sort of plague which approaches you."
"The current technological centralisation pushed by the nation-state, they not only dismiss the bodily functions of the human, they reject the human will. In other words, they believe that the human is merely another insignificant inanimate object penetrated with wires and circuits."
"Many of the parents of today have been raised in schools where they see the school as similar to the "parent". Nation-states tend to intervene more in the private affairs of people than pre-modern governments did."
