Which are you facing Austerity or Properity ?

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  1. safiq ali patel profile image67
    safiq ali patelposted 12 years ago

    Which are you facing Austerity or Properity ?

    Around the world in the recession that has hit us since the original credit crunch the world is hit by Austerity or some form of resource poverty. But not everyone. Even though we are in recession around the world some people are still enjoying prosperity and financial boom. Which are you facing? Austerity or Prosperity?

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  2. ZIa Ahmed khan profile image39
    ZIa Ahmed khanposted 12 years ago

    We are still in boom, feeling little slowed but yes definitely no austerity.  We are in prosperity zone, because we without leverage, interest free persons and governments. Happy sleeping in the night.

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    1. my_girl_sara profile image79
      my_girl_saraposted 12 years agoin reply to this

      What country are you in? Very few industries are up. State and county governments are in severe debt in the US. Money doesn't go as far as it used to either. As far as I can tell, Europe is much worse off.

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    2. safiq ali patel profile image67
      safiq ali patelposted 12 years agoin reply to this

      I take your comment to mean that the Shariah Finance sector is not in recession.

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    3. ZIa Ahmed khan profile image39
      ZIa Ahmed khanposted 12 years agoin reply to this

      I am in Kuwait. I am debt free, I have no debt, not even on my credit card or any other type, not even Islamic Finance or Shariah Finance.
      Here government is also debt free,

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  3. my_girl_sara profile image79
    my_girl_saraposted 12 years ago

    We're making more money than ever yet the necessities of life keep going up. I don't know what really poor people do. So as I look to the future, I see continued austerity for myself and others because I don't forsee the cost of goods and services going down anytime soon. Frankly, we are almost to a crisis state in this country.

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    1. safiq ali patel profile image67
      safiq ali patelposted 12 years agoin reply to this

      my_girl_sara some incomes are going up. But so too are prices. Our local newspaper cost $1 dollar it has gone up to $2 dollars 80 cents recently. Eggs and bread have also gone up along with Petroleum Gas and Home Energy bills.

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