[GJM] A Report on the Global Financial Meltdown Meeting?

[robert searle]

Dear Peter, and Rodney....et al,

          Thank you for your cooperation on this
matter. Peter as usual made some excellent notes on
the meeting, and they are interesting to read.

R.Searle.


--- Peter Challen <peterchallen at googlemail.com> wrote:

> Sorry - I pressed a button too soon.
> Here the full contribution.
> Peter
> 
> My informal report on the recent conference by
> Global Vision 2000. lies
> below. It has been approved by Moeen Yassen and seen
> by all the speakers, so
> I feel safe in sharing it. A much fuller account in
> expanded papers will
> eventually be available.
> ||||||||||||||||||||||||||
> 
> 
> *GLOBAL FINANCIAL MELTDOWN, SOCIO-ECONOMIC INJUSTICE
> AND WAR: CAUSE AND
> REMEDY – April 5th 2008 'Seeking an alternative
> holistic diagnosis and
> prescription!*
> 
> Welcome and Opening Speeches
> 
> *1. Moeen Yaseen*                 Global Vision 2000
>   *Money terror is
> creeping up on us *
> 
> Dogma – ritual – habit – build up against dynamic
> evolution
> 
> A TV documentary programme called Market Meltdown on
> Islam Channel to be
> prepared for broadcasting in May 2008. A copy will
> be sent to Global Vision
> 2000. We're here to share knowledge in search of
> solutions – demystifying
> economics and finance, claiming experience, study
> and application, no
> distanced expertise. It's a strong agenda – no one
> can sit on the fence!  Truth
> and justice are our vision.
> 
> Various media and at least 6 Muslim and Western
> journalists were blocked
> from coming by their editorial departments e.g. BBC
> World service, Al
> Jazeera, Iranian State TV broadcasting (IRIB, IRNA),
> Press TV and Jazeera
> Magazine.  The Saudi British elite magazine
> mentioned indirectly stated
> privately that the agenda was strong and there was a
> need to take sides as
> either an enemy or friend of the State. This was a
> wrong way to perceive
> matters as the issue is about taking a stand on
> truth and justice. They also
> stated that making money was their main focus! At
> least he was open about
> it. Having said that he was open to publish certain
> "rational and logical"
> contributions.
> 
> *2. Murad Qureshi*   Greater London Authority
> Assembly member
> 
> In London one in four are employed in finance.
> London complements what
> happens in New York
> 
> Economics is not a science but the examination of
> relationships of lenders
> to borrowers
> 
> *Tectonic plates are shifting in the financial world
> while London needs* £10
> bn for the Olympics, £20 bn for Cross Rail and £6bn
> for flood
> defences.  Regulation
> is a must.  Sovereign funds and Islamic liquidity
> play a significant role
> and Sharia funds are developed to attract these
> funds into the 'conspiracy'.
> 
> 
> 
> *3. Lindsey German* - Left list Respect Coalition
> Mayoral candidate.
> 
> A third of all housing deals fall through. Social
> unrest lies ahead under a
> 10% increase in the cost of rice and other food.
> Cost growth in all
> commodities.  UK the 4th richest country but many
> are living in declining
> economic conditions.  £3 billion spent on War while
> the poor, pensions and
> schools are suffering.
> 
> Immigrants built the city and have the same rights
> in its life. The need for
> action is urgent.
> 
> 
> 
> *4.  John Rees* - Stop the War Coalition Convenor
> 
> *Paradigm shift required* as the global society
> enters recession and the
> present paradigm of the neo-libs is seen to be in
> disarray.  First we
> banished the Keynesian post war model, now the
> neo-con model is falling
> apart too.
> 
> Economist a good read of reality because it is for
> an enclosed readership
> and so more honest. Agreeing with very little, the
> account is the harsh
> reality. The boom-and-bust cycle has not ended
> despite the hopes Gordon
> Brown and every 10 years for five centuries it has
> continued identifying
> systemic fault.
> 
> Finance is a brain matching capital to labour  –
> nonsense!
> 
> Economic rules of staying within the discipline
> don't work – all society
> affected.
> 
> *We must be against the competitive economic,
> capital and military system
> and seek democratic control by the majority. A
> massive shift to it can be
> achieved - it needs communities of collaboration *
> 
> 
> 
> Sadly at this point these three opening speakers had
> to leave on business .
> 
> 
> 
> *5   Tarek El Diwany*  - Islamic Finance  "*Why are
> we all in debt?"*
> 
> 
> Central bank power has led us all into debt. The
> deceit of usury and 'inter
> esse' (period in between) is a semantic nicety, like
> calling gambling
> gaming! The transition which followed in
> Christianity is now developing in
> Islam. Islamic banking is a sham. We must tackle the
> fraud of money
> creation. We must face and defeat the world of debt
> in the interest of
> people.
> 
>  Angola's $261 billion now $1144bn
> 
> UK $829 now up $2268
> 
> USA $3501 now $7891
> 
> Debt to GDP ratio from 1.4 to 2.15
> 
> Enormous wealth manifest in profound inequality. We
> must forbid the fixing
> of gain in advance and loans must be set against
> full reserves.  3618bn in
> sight deposits  168,166 in promises.
> 
> Horrendous developments in debt. Honesty about this
> would cause collapse,
> say the public communicators.
> 
> We are trapped in a monopolistic and destructive
> system.
> 
> Banks benefit of all interest created out of nothing
> since Patterson started
> the BofE
> 
> The USA constitution stated only gold and silver as
> the standard - Gold
> holds its value – better than paper.
> 
> In 1914 the British Bradbury was created and then
> lent into the system.
> 
> [All Philip Green's BHS shops on one level at the
> Mall - he took £1.2
> billion return and with a wife in Monaco pays no
> tax!]
> 
> 
> 
> *6   Canon Peter Challen*       CCMJ/GJM
> 
> *"Nothing short of a proposal that works for
> everyone 
=== message truncated ===>
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