Professional Documents
Culture Documents
to the Financial
Crisis
Dubai, 8th Dec 2012
Jamal Harwood (Twitter @Jamal_Harwood)
Greece
Spain
London
World Debt
Growth of Derivatives
US Govt Bailouts
Facility
$3,818.41
10,057.40
855
2,005.70
12.9
28.82
8,950.99
217.45
737.07
71.09
1,850.14
140.316
802.316
19.5
24.3
25
$29,616.4
12.8%
34.0
2.9
6.8
0.0
0.1
30.2
0.7
2.5
0.2
6.3
0.5
2.7
0.1
0.1
0.1
100%
Islams Solution
Non Interest and most derivatives contract
forbidden
Gold & Silver currency a real stable
currency
True Financial reform where is the change
since 2008?
No Growth obsession basic needs not GDP
Radical taxation policy tax under utilised
wealth not income/consumption
Social welfare arise the family
Land reform use it or lose it
Wealth Circulation
Taxes are on wealth so the poor dont pay
There is active redistribution of income via paying Zakat
(wealth tax) so the poor and needy are lifted out of poverty
There is active and fast circulation of money through the
prohibition of hoarding gold and silver, no interest and a wealth
tax of 2.5% which encourages equity finance
The state is prohibited from fixing prices of goods and services
or wages allowing prices and wages to fall as well as rise and
thereby stimulating the economy even when overall demand is
low.
There are restrictions on derivatives trading and other harmful
business activities
www.thegoldreport.c
o.uk
Twitter
@Jamal_harwood