[GJM] Good progress/some breakthrough with DK -- action needed

[Rodney Shakespeare]

Dear Mukhtar,
GJM is totally  for ecosafety projects, small,  medium and large,  using interest-free loans (issued from the national banks).  This halves, even quarters, the usual cost.

Such issuance does not give any profit to conventional banks because they do not issue the loans (although they may administer them) 

GJM in no way supports conventional banks issuing interest-bearing money for such projects.

Rodney

  ----- Original Message ----- 
  From: Dr.Muhammad Mukhtar Alam 
  To: Discussion Forum for Global Justice 
  Sent: Monday, January 21, 2008 3:06 PM
  Subject: Re: [GJM] Good progress/some breakthrough with DK -- action needed


  Dear Robert,

  GREETING FOR PEACE

  I THINK WE NEED TO REALLY DISCUSS WHAT EXPENSIVE PROJECT WOULD BE. INTERFAITH COMMONS INCLUDE PROHIBITION OF USURY. IAM QUITE OPPOSSED TO EXPENSIVE PROJECTS FOR ECOSAFETY.. THAT IS GIVING BANKS MORE OPPORTUNITIES FOR CREATING MONEY OUT OF THIN AIR..

  robert searle <dharao4 at yahoo.co.uk> wrote:
    Dear Muhammad Mukhar Alam,et al,

    Ofcourse interest free loans would certainly
    be very helpful for environmental progress.. But the
    most important, and most expensive eco-projects would
    ideally require the authorized transmission of new
    non-repayable capital (ie the Transfinancial
    Paradigm)in instalments, and be carefully monitored by
    the relevant authorities to avoid fraud.

    Using earned money would be extremely difficult to
    raise if not impossible in many cases but until there
    is a paradigm shift(ie.TFE) in the understanding of
    capital then there is a REAL DANGER of the human race
    being largely if not wholly wiped out.....!!! IT IS
    AS SIMPLE AS THAT! TFE is at the BASIS of everything.

    Binary Economics, or BE is only part of the monetary
    jigsaw. Transfinancial Economics fills in all the
    other pieces. BE is not the BE all, and end of genuine
    reform of capital no matter what anyone else may say..

    Regards,

    Robert Searle 



    --- "Dr.Muhammad Mukhtar Alam"
    wrote:

    > Dear Rodney,
    > 
    > I should have sent you last year Dalit Declaration
    > where reference to interest free money was made
    > several time. The declaration was submitted by
    > NACDOR to the Prime Minister Manmohan. I do beleive
    > that creation of interest free laons is the best way
    > to get rid of ecologically hostile development
    > processes .
    > 
    > Dr.Muhammad Mukhtar Alam
    > 
    > Rodney Shakespeare
    > wrote:
    > Dear All,
    > 
    > Apparently we can expect that the Dennis Kucinich
    > (at some stage later on) will be saying that the US
    > Treasury can create its own debt -- i.e.,
    > interest-free loans.
    > 
    > But unless the interest-free loan mechanism is
    > used for ALL sectors to develop and spread
    > productive capacity (DK may confine the proposal
    > just to public capital projects) a huge
    > opportunity will be being missed.
    > 
    > We will know more in a week or two.
    > 
    > It is now up to GJM members to openly fight for
    > interest-free loans. NB. The situation is perfect
    > for progress -- a collapse of some sort is coming
    > and only extensive use of itnerest-free loans
    > provides a way forward in future which will not be
    > liable to the financial cycles etc.
    > 
    > Rodney Shakespeare
    > 
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