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A Global Complementary Currency Compatible with Shari'ah? The  Terra  Mechanism Kuala Lumpur Stable and Just Global Monetary System   Bernard A. Lietaer [email_address]
The Challenge ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Plan for Complete Answer ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Proposed Mechanism  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Proposed Mechanism  Some Characteristics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Criteria # 1: No Interest + Globally Convertible ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Criteria # 2 Solve some Key Systemic Problems with Today’s Money System ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sustainability and the Terra Mechanism ,[object Object],[object Object],[object Object],[object Object],[object Object]
10 years $ 100   $ 1,000   100 years Currency with  Interest  @ 5%/year Value discounted to today: Currency with  Demurrage  @ 5%/year Demurrage  = time-related  charge Value discounted to today: $ 61.39 $7.60   $ 167.02 $  168,903.82 Financial Viewpoint Sustainability: The Monetary Engine What do we invest in?   Physical Reality  (Tree Metaphor) Costs: 10 $ Costs: 10 $ ,[object Object],[object Object]
Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Criteria #3: Technical Efficient ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Criteria #4: Political Realism Win/Win Solution (1) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Third World Producers Terra issued directly to Producers Countercyclical Win/win solution (2)  Third World Producers Wealth Creation  by  and  in  LDCs Scarcity of Hard Currencies Degradation of Terms of Trades Debts in hard  FDI Currencies Commodity Production Problems Dumping  Storage Costs IMF Adjustment Programs Poverty, Development Failure Worldbank Commercial banks “ Terra Bridge” Problems due to  Monetary System
Win/win Solution (3) Benefits to the Banking Sector ,[object Object],[object Object],[object Object],[object Object],[object Object]
Win/win Solution (4) Benefits for everybody ,[object Object],[object Object],[object Object]
Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Why Now? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Status of Project just beginning… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],= done = ongoing now
Follow-up ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Terra Islam by Bernard Lietaer

  • 1. A Global Complementary Currency Compatible with Shari'ah? The Terra Mechanism Kuala Lumpur Stable and Just Global Monetary System Bernard A. Lietaer [email_address]
  • 2.
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  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
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  • 10.
  • 11.
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  • 14. Third World Producers Terra issued directly to Producers Countercyclical Win/win solution (2) Third World Producers Wealth Creation by and in LDCs Scarcity of Hard Currencies Degradation of Terms of Trades Debts in hard FDI Currencies Commodity Production Problems Dumping Storage Costs IMF Adjustment Programs Poverty, Development Failure Worldbank Commercial banks “ Terra Bridge” Problems due to Monetary System
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.