London, UK, March 19th 2012 – Hizb ut-Tahrir Britain, will hold a report launch [11am Thursday, 22nd March] of Gold Standard – The Future For a Stable Global Currency – a significantly relevant report in the current economic crisis.
The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said on October 5th 2011.
Ahead of the launch, Jamal Harwood, the report’s lead author said, “The world financial markets remain in crisis. Growth is declining, there are questions about whether the Eurozone will continue in its current guise, and the US deficit and budget shortfall is at record levels. Markets have failed to recover from the 2008 crisis. In this environment, western governments are resorting to the printing of fiat (paper) money as the only solution to keep the system afloat. This debauchery of their currencies is theft against the people via inflation of the currency. Solutions need to be presented and debated. We show how the Islamic economic system provides practical solutions which economists and thinkers (from both the Muslim and secular worlds) can understand. The report sets out 10 common arguments against the gold/silver standard which are often presented and we refute these.”
Notes to Editors:
The report launch will take place at 11am, on Thursday 22nd March, at London Continental Hotel, 88 Gloucester Place, London W1U 6HR, followed by refreshments.
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