Terra Islam by Bernard Lietaer

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Center for Ecological Audit,Social Inclusion and Governance

This is a presentation by Bernard Lietear that was given to me by David Moosa Pidcock, the author of Another Road to Serfdom and Leader of Islamic Party of Britain. Getting a perspective for Sharia compliant Terra from the Creator and Designer of Euro is the most interesting fact. Lietaer explains the case and you might like to review this.

Économie & finance Business

A Global Complementary Currency Compatible with Shari'ah? The Terra Mechanism Kuala Lumpur Stable and Just Global Monetary System Bernard A. Lietaer [email_address]

The Challenge ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Plan for Complete Answer ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Proposed Mechanism ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Proposed Mechanism Some Characteristics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Criteria # 1: No Interest + Globally Convertible ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Criteria # 2 Solve some Key Systemic Problems with Today’s Money System ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Sustainability and the Terra Mechanism ,[object Object],[object Object],[object Object],[object Object],[object Object]

10 years $ 100 $ 1,000 100 years Currency with Interest @ 5%/year Value discounted to today: Currency with Demurrage @ 5%/year Demurrage = time-related charge Value discounted to today: $ 61.39 $7.60 $ 167.02 $ 168,903.82 Financial Viewpoint Sustainability: The Monetary Engine What do we invest in? Physical Reality (Tree Metaphor) Costs: 10 $ Costs: 10 $ ,[object Object],[object Object]

Criteria #3: Technical Efficient ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Criteria #4: Political Realism Win/Win Solution (1) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Third World Producers Terra issued directly to Producers Countercyclical Win/win solution (2) Third World Producers Wealth Creation by and in LDCs Scarcity of Hard Currencies Degradation of Terms of Trades Debts in hard FDI Currencies Commodity Production Problems Dumping Storage Costs IMF Adjustment Programs Poverty, Development Failure Worldbank Commercial banks “ Terra Bridge” Problems due to Monetary System

Win/win Solution (3) Benefits to the Banking Sector ,[object Object],[object Object],[object Object],[object Object],[object Object]

Win/win Solution (4) Benefits for everybody ,[object Object],[object Object],[object Object]

Why Now? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Status of Project just beginning… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],= done = ongoing now

Follow-up ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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I have received this from David Moosa Pidcock, the Leader of Islamic Party of Britain and author of many books. He has permitted me to publish his sharing here. I am pleased to do the needful for learning by all.I have referred this text for understanding the importance of Jamia Azhar and how Fatimid Era seat of learning remains influential till date.I have cited this for showing muslims on the continuity of Fatimid Khilafa with diverse levels of acceptance and obedience. Theological validity of Fatimid Khilafa can not be challenged. 49th Imam and Fatimid Khalifa is the Leader for all..

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