For the past century, the image was created, possibly by these institutions themselves, that the financial powers and their stability are the reason why the world is stable and advancing. Many of us buy into this idea and trust these organizations (whether through car payments, house payments, or letting out governments hand out interest free loans or free money on our behalf) more so than we trust parts of our own ummah.
But I'm glad that a major part of the veil is being uncovered, and we can see the casino and its managers for what they are - gamblers and conmen. They have been doing what's been happening for years behind closed doors in elite groups, but now we can see in full clarity how fake this stock market is.
I know that in our religion there is plenty of debate on the validity of the stock market as a source of halal investment. Don't get me wrong, there is a way to invest properly through an ideal market. But the current global market is not entirely clean. Though this specific incident is in the options market - one of the riskiest/most gambling-like part of the market - it doesn't take a stretch of the imagination to realize that these "games" of manipulation played out by "prestigious" financial institutions don't stop there.
I believe that we as an ummah and free-thinking peoples should wash from our minds the idea of these financial groups being some kind of paragons of a neutral force of economics. I think we should place an emphasis and return to the concept of investing directly into businesses and their real world owners, rather than playing games with ungrounded, disconnected corporations, many of whom whose only interest is profiting off interest, in what is essentially a casino, but with extra steps.
What are your thoughts on this interesting phenomenon that we are now witnessing?
Peace
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