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Islamic Economics; Chaban Omran; UWSMSA Parra IAW 2010

Economics professor Thomas Rustici explains that production drives economies, not spending. Today, production is overburdened by regulations and taxes. Because governments refuse to cut spending, their economies will fail. Each country is entangled with the debts of other countries, so the crisis is contagious. More money creation and inflation are inevitable.

[31 May 2012] Euro-crisis to deepen due to bad banking - English The EU's Economics Commissioner Olli Rehn says eurozone leaders must anchor their actions in more austerity if the eurozone is to avoid "disintegration" amid the economic crisis. Rehn believes that "default or disintegration" would likely cause much greater pain for Europe's citizens than further unpopular austerity and reforms, as it "would lead to terrible depression in Europe and around the world." His remarks come as EU leaders have been struggling to ease the Europe economic crisis and amid concerns over a Greek exit from the debt-stricken eurozone. Press TV has conducted an interview with Rodney Shakespeare, professor of binary economics from London, to further discuss the issue.

Economist Richard Douthwaite explains that our current economic system relies on debt for money supply. This means that our economic model requires constant economic growth. He goes on to imagine what happen in a sustainable economic system

An eye-opening and fruitful discussion lead by Shaykh Mahdi Taeb and Sayyid Shahryar Naqvi, two invaluable gems of the Howza system which has now been sanctioned by America … Shaykh Muzaffer Hyder has questions to ask them both which lead to a powerful talk. Al-Mustafa International University is an international academic, Islamic university of the Holy City of Qom. Tens of thousands of students from across the globe study a vast range of subjects from Islamic sciences such as the Quran, Hadith, Islamic Jurisprudence, Islamic Philosophy and Discourse and Islamic Mysticism to Economics, Political Science, Psychology, Sociology, Education, Management, Persian Language and Literature. America has placed perhaps the silliest of sanctions on this vast academic institute in a hope to stop the fountain of knowledge from quenching the thirst of the masses, who deserve to learn about the Prophet and Ahlulbayt (A). #IPTalkShow #FreedomOfReligion #IslamicPulse #Sanctions #Iran #IslamicRevolution #Revolution

The US trade deficit with China reached $315 billion last year, a record unsurpassed in the history of such statistics. In April, US exports to the 27-nation European Union fell 7.9 percent. Exports to the EU in the first four months of 2013 were down 7.4 percent compared to the same period in 2012. Exports to the United Kingdom were the lowest since May 2009, while those to China declined 4.7 percent. Imports from China surged 21.2 percent, lifting the contentious US trade deficit with China to $24.1 billion from $17.9 billion in March. China keeps investing in its future, creating jobs, building infrastructure, funding education and technology and its GDP soars. And America keeps sliding into a no-growth economy, to 1% GDP growth in a generation. According to Robert Fogel, the director of the Center for Population Economics at the University of Chicago Booth School of Business and winner of the 1993 Nobel Memorial Prize in Economics; \"In 2040, the Chinese economy will reach $123 trillion, or nearly three times the economic output of the entire globe in 2000. China\'s per-capita income will hit $85,000, more than double the forecast for the European Union, and also much higher than that of India and Japan as China moves \"from a poor country in 2000 to a superrich country in 2040.\" America\'s per-capita wealth may be higher, says Fogel, but \"China\'s share of global GDP - 40% - will dwarf that of the United States (14%) and the European Union (5%) 30 years from now.\" China has been one of the fastest growing markets for US goods, and exports to that country were up 4.8 percent for the first four months of 2013.

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