The Feasta Money Group and the Smart Taxes Network are delighted to invite you to attend one or both of two back-to-back seminars next Friday, October 16th, in The Central Hotel. Whilst coming from different angles both will explore the changes that need to be made to our money-issuing and lending systems now that the world seems to be in the early stages of a prolonged economic contraction. There will be adequate time for a full discussion of the presentation at each seminar and numbers will be limited to allow this to happen. Booking is therefore essential.
DATE and PLACE: Friday 16th October, The Central Hotel, Exchequer Street, Dublin 2 (a map can be found by following this link:”http://www.centralhoteldublin.com/location.php
WELCOME: Tea and coffee and informal networking session: 11.00am – 11.30am
SEMINAR 1: 11.30am – 1.30pm
The American Monetary and Financial Security Act: What it is and what it means for Ireland
Jamie Walton
Ireland is massively in debt. The only way it can pay its debts down is to run an export surplus so that foreigners’ borrowings can be used to pay off our own. The prospects of our being able to do so in the foreseeable future seem bleak and unless our economy grows more rapidly than the rate of interest we are paying on our debt, we will steadily become worse off.
What should be done? Jamie Walton, a New Zealander who worked until recently at the American Monetary Institute, believes that the Eurozone should introduce its equivalent of the American Monetary and Financial Security Act which, if passed, would take the right to create money out of the hands of the discredited banks and give it to the federal government instead. If adopted by the Eurozone, member governments would be able to maintain a tolerable level of economic activity in their economies without incurring unpayable debts.
LUNCH: 1.30pm – 2.30pm (Lunch will not be provided but there are lots of nice eateries close by.)
SEMINAR 2: 2.30pm – 4.30pm
Islamic Finance and Banking
Tarek El Diwany
Tarek is the author of “The Problem With Interest”, a work on Islamic monetary economics now available in four languages. He graduated in Accounting and Finance from the University of Lancaster in 1985, and in 1989 was invited to establish a bond derivatives dealing desk at Fulton Prebon in London. Here he was responsible for pricing, dealing and marketing of bond derivatives for European markets. In 1995 he established the firm’s Islamic finance department, advising on the structuring of Islamic financing for clients in the Middle East, Europe and South-east Asia. In 1997 he founded www.islamic-finance.com, the world’s first website dedicated to the topic. Since 1998 he has worked as a consultant on Islamic finance for a variety of professional and private clients across the world. Working with Ansar Finance Group and Lovells law firm in the United Kingdom, he has helped to develop the Western world’s only commercially implemented debt-free Islamic home-purchase financing sc heme. He has also helped to promote the use of the gold dinar in Malaysia.
You are welcome to attend either or both sessions but booking is essential (and priority will be given to Feasta and Smart Taxes Network members). Reply to Morag at info@feasta.org by 5pm on Wednesday 14th October, indicating which session(s) you would like to attend.
