Greece Still Not Out of the Woods

· Economics, Europe, Greece

Any country, state or corporation, which indulges in significant amount of interest based loans will sooner or later find herself in woods or a thick jungle of financial chaos or bankruptcy. This is the nature of the beast! Proofs linked in the comment section.


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  1. Zia H. Shah

    What if the top one percent in USA were true Muslims?

    The short answer to this provocative question in the title is that the elite 1% will pay Zakat, which is a tax on savings and property. At a suitable rate of taxation, Zakat will have the potential to fulfill all the essential needs of the remaining 99%. If the top one percent in USA were true Muslims, they will gradually and genuinely abolish interest or usury and promote international free trade. This Op-Ed is a short presentation in favor of Zakat and an interest free economy and a more detailed exposition will be published later on. Read on and in the words of Sir Francis Bacon, “Read not to contradict… but to weigh and consider.”

  2. Zia H. Shah

    The USA debt ceiling, Islamic principles and the Chinese juggernaut!

    As the negotiations about the debt ceiling in USA run the final lap, many important long term issues remain unanswered. The Western economic system has yielded wonderful results in developing science and technology in the last two to three centuries. However, in the last few years, some of its vulnerabilities are being exposed. No economist can present suitable improvements and changes without thoroughly understanding the nuts and bolts of the present system or acquiring insights from other traditions.

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