THANK YOU Lehman Brothers for starting the PARTY. As this blog is community centric, I will be writing only from our perspective. We are a trading community, so every one is well aware of the implication of the recent economic meltdown.
But you will be wondering why I am going out of my way, thanking Lehman Brothers Be ready, I am in the best Party mood now, so you are bound to notice, a little change in my style of writing this post.
AQA MOULA (TUS) had been telling all along, particularly with great emphasis after Al-Multaqul- Fatemi-ul- Ilmi 1398H (1977-78). I will not go into the details. Every one is well aware of, and his keynote address is on record. Syedi Sadik Ali sahib had said it long back, in his most inimitable style, in nashihat after nashihat. But pray who was listening.
Foreclosure, insider trading, forward trading, leverage, mortgages, investments parked in different weird financial products, that few really understood, were ruling the minds of, sorry to say, many of our own community members, many, sorry to say who were regarded as Intellectuals, purely on the basis of the assets they possessed. They strutted around on community platforms and forums. The Fatemi attire was all in place, the platitudes, outward pretence, was all in place, but inside something real was missing.
It is Lehman Brothers who have proved Aqa Moula (TUS) right by going bust, and starting a tsunami all around the world, leading to carnage, blood bath, rising and falling like gigantic Mexican wave, that has rumbled through the global markets, ripping pockets and reputation.
Here in this post I am only concerned with the reputation and ripping of the pockets of our community members. If any one cares to read my blog profile, they will come to know that ‘social work’ is my passion. I do not myself know why, and although I get a lot of ‘stick’ at times, I continue to indulge in my passion.
Now when many of our own brethrens, termed paper wealth parvenus (as put in by The Telegraph Friday 24th) are at the risk of turning into paupers, how can I remain immune. All these years, it has been my lot to reach out to all those, who somehow came to me for medical aid, educational aid etc: and although I have failed many a times, I have tried to assuage a few, by seeking financial help from donors.
So my immediate concern when the economic meltdown story made the headlines, was towards our brethren. I am a real dud when it comes to understanding economy, and matters of finance. However, the plight is such, that I have skipped work today, just in order to find out, if I can be of any help to my fellow mumineen.
I am so very pained to see their sullen faces, and I want to reach out to them, in this time of their need. So in order to understand the reason I simply googled ‘the main reason for the economic meltdown,’ and thousands of links popped up on my browser. As I told you earlier, I am real dud, when it comes to matters of finance, I was simply overwhelmed by the statistic and data, but it was my passion to reach out to fellow mumineen, who are in ‘real soup’ mumineen, who are with each passing day seeing their investments dwindle, mumineen who cannot fathom what is happening, why it is happening, so I tried my level best to understand the root of the problem.
After spending nearly six long hours at the computer, skipping lunch, and being reprimanded by my wife, for being good for nothing, pursuing matters, which least concerns us, I finally found the answer. If you are diseased and once you come to know the cause of your illness, chances of your recovery will be fast. So first the prime cause, has to be ascertained. After much effort and pain I have found out the real cause of this economic meltdown. It is my dear friends
THE GREED OF MANKIND TO ACQUIRE WEALTH
Are you surprised at this simple answer, arrived after so much research. Believe me, this is the truth friends, and remember, truth is always simple, falsehood is more complex ( read the earlier paragraph starting ‘ foreclosure, insider trading etcJ
Hope I have made my point clear. What I have found out after so much painstaking effort, had already been around for so many years. Rasulallah (S.A.) Moulana Ali (SA) Imams (SA) Doat Mutlaqeen (RA) and our beloved Aqa Moula (TUS) has been saying it all along.
But it needed a Jewish family controlled firm LEHMAN BROTHERS to emphatically bring in the truth to our believing mumineen, by going bust.
Hope I have made my point clear. More about Lehhman Brothers in future post. I would like to get views and opinions on my post, and any one brave enough to write, how the meltdown has effected his holdings. They need not disclose their name, only an admission from them will suffice.