JAK Bank: The best Islamic Bank in the world (part 2)

Margrit Kennedy thorugh her research also, had made German as a model. She split German into 10 equal parts using a scale of increasing wealth. The grey area is the interest paid in all prices and loans, the black area is the interest earned from monetary and real assets.

According to Margrit Kennedy's calculation, the 80% of worst off German population losses money because of this game. From position of 1 to 8, the interest paid is what more than they earn.

10% of population , on position 9, gets the same money they spend. The remaining 10% gets all the interest which the former of 80% lose.

So we have a constant redistribution mechanism in our money system from 80% of the people who work for their money. They pay to 10% of the people who can make their money work for them and you have to own about over half a million euros in order to begin to profit from the system. Finally, in Margrit Kennedy's opinion of what's the worst consequence of an interest-based economy? The money system we have right now grows exponentially. In nature that is sign of sickness. The exponentialgrows occurs where things are out of order or are dieing. And for instance, a cancer is an exponential grows out of one cell, you will get 2,4,8,16,32,64 and so on, so it grows very fast. The reason of why money grows exponentially is that we have a mechanism to keep money in circulation that is called interest. And with interest, money doubles in regular intervals.

Let's consider the example:

If Abdullah, the father of Ali, had invested in 1 penny, or 1 cent in euros, at the birth of Ali in the year 0, and you would have paid interest on this 1 penny at 5%, then in the year 2000 if Ali had come back and could have gone to the bank and to say: "Can i please have this 1 penny backwith 5% interest?. The bank would have had to give Aliover 500 billion balls of gold of the weight of the earth, at the price of gold in the year 2000.

This is just an example to show that exponential growth cannot work over along period. IT can work at the short term, it can maybe work in the medium term, but it can never work in the long term! But of course for me, neither short nor long period shouldn't be allowed!