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Ecologically Safe Monotheistic Solutions to Global Crisis Of The Finance System

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Information about Ecologically Safe Monotheistic Solutions to Global Crisis Of The Finance...

Published on March 16, 2009

Author: mukhtaralam

Source: slideshare.net

Description

Appreciated by several monetary reformers and circulated in several e-groups, the presentation is an attempt to provide solution for the recession and suggests ways for ecologically safe transition. More academic arguments on can be seen at http//muhammad_mukhtar_alam.tigblog.org
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Global crisis of the atheistic finance system- monotheistic solutions Dr.Muhammad Mukhtar Alam Chairman, Labour League Foundation, Executive Director (Hon) , Centre for Ecological Audit, Social Inclusion and Governance 26 October 2008 Meeting for Launching the Movement for Usury Free ecologically safe India

Description Share markets are no longer attractive More companies are losing their value as their share prices are going down-not many buyers Sensitive indexes globally are losing value- Sensex, Han Seng, Dow Jones, Nikkie, Nifty .. Liquidity is no longer desirable as anti-poor inflationary monster threatens the governments MNCs are shedding staff and companies are seeking bailout measures

Share markets are no longer attractive

More companies are losing their value as their share prices are going down-not many buyers

Sensitive indexes globally are losing value- Sensex, Han Seng, Dow Jones, Nikkie, Nifty ..

Liquidity is no longer desirable as anti-poor inflationary monster threatens the governments

MNCs are shedding staff and companies are seeking bailout measures

What is the crisis about? Banks have lost credibility They have lost debts Bankruptcies and insolvencies are getting global Creation of money out of thin air has gone beyond the viable limits Growth estimates have been revised. Double digit growth is not considered possible

Banks have lost credibility

They have lost debts

Bankruptcies and insolvencies are getting global

Creation of money out of thin air has gone beyond the viable limits

Growth estimates have been revised. Double digit growth is not considered possible

Whose crisis? It is a crisis for the speculators as they do not get multiplied gains for their speculative deals / investments It is crisis for investors in new housing projects as there are not buyers for their projects Crisis for the government as it fails in beating the inflation created by speculative petro-modern usurious and ecologically hostile economy It is crisis for the workers in the unorganised sector who do not get a raise for supporting living costs

It is a crisis for the speculators as they do not get multiplied gains for their speculative deals / investments

It is crisis for investors in new housing projects as there are not buyers for their projects

Crisis for the government as it fails in beating the inflation created by speculative petro-modern usurious and ecologically hostile economy

It is crisis for the workers in the unorganised sector who do not get a raise for supporting living costs

Whose crisis ?..contd. Crisis of the banks who have lent lots of money created through thin year without assessing the capacity to repay Crisis for the builders who have invested money without getting buyers Crisis for the share-brokers- news of suicides continue to be reported Crisis of the investors in fossil fuel based stocks

Crisis of the banks who have lent lots of money created through thin year without assessing the capacity to repay

Crisis for the builders who have invested money without getting buyers

Crisis for the share-brokers- news of suicides continue to be reported

Crisis of the investors in fossil fuel based stocks

Whose Crisis (3) Crisis for youths who have got hefty loans hoping for better returns in sectors that are facing the crunch Unemployed youths whose employment opportunities are shrinking as companies lay off more than they recruit in the so called sunshine sectors such as IT, BPO and private banks.. PM fear is the 1 lakh job cut ( Mail Today Nov 6,2008) It is crisis of dreams spawned by a century of petro-modern development propaganda

Crisis for youths who have got hefty loans hoping for better returns in sectors that are facing the crunch

Unemployed youths whose employment opportunities are shrinking as companies lay off more than they recruit in the so called sunshine sectors such as IT, BPO and private banks.. PM fear is the 1 lakh job cut ( Mail Today Nov 6,2008)

It is crisis of dreams spawned by a century of petro-modern development propaganda

What is being done? Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) reduced Repo rate change for controlling money supply Interest rate increased for tackling the inflation Assurance on the strength of fundamentals of the economy that has been shaken FICCI demands more than the monetary measures

Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) reduced

Repo rate change for controlling money supply

Interest rate increased for tackling the inflation

Assurance on the strength of fundamentals of the economy that has been shaken

FICCI demands more than the monetary measures

What is not being done? No discussion on comprehensive sustainable solutions No faulting of the speculative usurious finance system Assurances not followed with measures for eradication of instability and crisis No discussion on limits to the sustainability of non-renewable resource based consumption, production, transport and leisure

No discussion on comprehensive sustainable solutions

No faulting of the speculative usurious finance system

Assurances not followed with measures for eradication of instability and crisis

No discussion on limits to the sustainability of non-renewable resource based consumption, production, transport and leisure

Ecostrategic demands Controlling creation of money for ecological sustainability of habitats Controlling expansion of ecologically hostile consumption and production Generating interest free money so that there is no additional demand Controlling/minimising demand for ecologically hostile products and services

Controlling creation of money for ecological sustainability of habitats

Controlling expansion of ecologically hostile consumption and production

Generating interest free money so that there is no additional demand

Controlling/minimising demand for ecologically hostile products and services

Differences between ecologically hostile usurious money and Green money Ecologically hostile money is usurious Usury is considered foundation for growth in demands Anti-Islamic finance system is considered normal Immediate inequitable gains for some Green money is interest free Ecologically sustainable demand is considered more critical Islamic finance system is desirable Long term equitable gains for all

Ecologically hostile money is usurious

Usury is considered foundation for growth in demands

Anti-Islamic finance system is considered normal

Immediate inequitable gains for some

Green money is interest free

Ecologically sustainable demand is considered more critical

Islamic finance system is desirable

Long term equitable gains for all

Steps for regulators Create inflation free public money free from usury Public policy to integrate ecologically sustainable consumption and production No more loan competitions by the private banks for the ecologically hostile habitats Preserving and creating value for ecologically sustainable livelihoods and habitats in the villages/rural areas

Create inflation free public money free from usury

Public policy to integrate ecologically sustainable consumption and production

No more loan competitions by the private banks for the ecologically hostile habitats

Preserving and creating value for ecologically sustainable livelihoods and habitats in the villages/rural areas

Role of academia, authors, media organisations and Business leaders In creating value for ecologically sustainable livelihoods, habitats, transport ,leisure etc Beating the so called world class / American dream appropriating ecologically hostile usurious finance system In communicating the importance of abidance to the interfaith common monotheistic commands against usury In disseminating the linkage between ecological sustainability and usury free transactions and seeking elimination of usurious speculative finance system

In creating value for ecologically sustainable livelihoods, habitats, transport ,leisure etc

Beating the so called world class / American dream appropriating ecologically hostile usurious finance system

In communicating the importance of abidance to the interfaith common monotheistic commands against usury

In disseminating the linkage between ecological sustainability and usury free transactions and seeking elimination of usurious speculative finance system

Creating domino effect For taking up ecological sustainable policy measures and safeguarding ecologically sustainable livelihoods and habitats on a large scale For denouncing the ecologically hostile usurious finance system ( Barak please consider this quickly) Campaigning for saying No to usury Creating interfaith compact for addressing the resistance to change for usury/interest free economy Individual, national, Intergovernmental and UN action for change Preparing for the end of petro-modern production and consumption

For taking up ecological sustainable policy measures and safeguarding ecologically sustainable livelihoods and habitats on a large scale

For denouncing the ecologically hostile usurious finance system ( Barak please consider this quickly)

Campaigning for saying No to usury

Creating interfaith compact for addressing the resistance to change for usury/interest free economy

Individual, national, Intergovernmental and UN action for change

Preparing for the end of petro-modern production and consumption

Impacts: after correction (Urban areas) Economic impacts- recession, manageable inflation for petro-modern products Psychological impacts- perception of insecurities, anxiety ,depression and others suffering from the real and perceived losses in the urban areas for families who don't own ecologically sustainable assets Impact on livelihoods in the finance sectors and other livelihoods associated with expansion of petro-modern habitats in Academic impacts –supportive analytical and advisory outputs Political impact- possible invocation of identity for politics of appropriation

Economic impacts- recession, manageable inflation for petro-modern products

Psychological impacts- perception of insecurities, anxiety ,depression and others suffering from the real and perceived losses in the urban areas for families who don't own ecologically sustainable assets

Impact on livelihoods in the finance sectors and other livelihoods associated with expansion of petro-modern habitats in

Academic impacts –supportive analytical and advisory outputs

Political impact- possible invocation of identity for politics of appropriation

Impacts after Ecostrategic correction (rural areas) Halting of the sale of farm lands by farmers Promotion of agriculture as time tested ecologically sustainable livelihood Halting of migration to ecologically hostile petro-modern urban centres Distributive justice for land and other renewable resource based livelihood

Halting of the sale of farm lands by farmers

Promotion of agriculture as time tested ecologically sustainable livelihood

Halting of migration to ecologically hostile petro-modern urban centres

Distributive justice for land and other renewable resource based livelihood

Psychological impacts Losing money and investments create strong sense of insecurity Handling uncertainties related to future income could result in some serious psychological fallouts Loss of interest based income creates severe shortages specially for senior citizens living on pensions, women headed household Challenge for creation of new ecologically safe standards across the villages

Losing money and investments create strong sense of insecurity

Handling uncertainties related to future income could result in some serious psychological fallouts

Loss of interest based income creates severe shortages specially for senior citizens living on pensions, women headed household

Challenge for creation of new ecologically safe standards across the villages

Faith based measures for mitigating the economics fallouts Abiding to the commands against ostentatious consumption, extravagance Adoption of culture of prayer and meditation for managing the crisis Promoting donation of surplus agricultural and other income Promotion of monotheistic framework of social and global unity through seeking resolution of post-modern confusion

Abiding to the commands against ostentatious consumption, extravagance

Adoption of culture of prayer and meditation for managing the crisis

Promoting donation of surplus agricultural and other income

Promotion of monotheistic framework of social and global unity through seeking resolution of post-modern confusion

public policy/secular instruments Communication of interfaith commons Harmonising financing for maintaining ecological sustainability and social equity Discussing global governance frameworks Involving academia for shaping the public policy measures and supporting the management of insecurities Involving religious leaders for eradicating inequity and preventing usurious transactions

Communication of interfaith commons

Harmonising financing for maintaining ecological sustainability and social equity

Discussing global governance frameworks

Involving academia for shaping the public policy measures and supporting the management of insecurities

Involving religious leaders for eradicating inequity and preventing usurious transactions

Recession- not so bad ecologically Recession is good ecologically It should have started much earlier It is good for beating climate change Expansion of ecologically hostile must be halted with the best policy measures Managing distribution of renewable resource based livelihoods as always is a challenge

Recession is good ecologically

It should have started much earlier

It is good for beating climate change

Expansion of ecologically hostile must be halted with the best policy measures

Managing distribution of renewable resource based livelihoods as always is a challenge

Welcome the end of petro-modern era for a monotheistic Green future we must prepare for the end of petro-modern times We must initiate processes for depopulating urban centres and prepare plans accordingly Let us give away the urban development plans and seek Eco-restoration plans Let us halt all acquisition plans for private sector

we must prepare for the end of petro-modern times

We must initiate processes for depopulating urban centres and prepare plans accordingly

Let us give away the urban development plans and seek Eco-restoration plans

Let us halt all acquisition plans for private sector

Geostrategics measures Implement comprehensive test ban treaty (CTBT), Fissile Material Control Treaty (FMCT) prevention of arms race in outer space (PAROS) Abandon plans for Terraforming Mars Abandon Moon missions Abandon militaristic frontier mentality

Implement comprehensive test ban treaty (CTBT), Fissile Material Control Treaty (FMCT)

prevention of arms race in outer space (PAROS)

Abandon plans for Terraforming Mars

Abandon Moon missions

Abandon militaristic frontier mentality

Ecostrategic measures Getting industries to zero emission level Recognising the interests of children of 40 th century Getting ecological sustainability measures implemented across the business and institutions Mandatory ecological audit of the policy measures

Getting industries to zero emission level

Recognising the interests of children of 40 th century

Getting ecological sustainability measures implemented across the business and institutions

Mandatory ecological audit of the policy measures

Beating recession- faith based perspective Promote culture of prayer and donation Prayer for making use of the time and transforming the ecologically hostile leisure Donation for helping people deal with hunger and deprivation Promote belief in the oneness of humanity and God

Promote culture of prayer and donation

Prayer for making use of the time and transforming the ecologically hostile leisure

Donation for helping people deal with hunger and deprivation

Promote belief in the oneness of humanity and God

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