Hi, I am PhD student from SZABIST, Pakistan. I want a favor to suggest me a topic on interest free financial system.

Can you give us more details?

NO CENTRAL BANKS!!

I love this person.

Yes money should be free and non profit as it is a tool to be used
Not enslaved to. It was only created because the barter system breaks down eventually.

Sad fact: 100% of all americans federal income tax goes to the private banks that own the federal reserve..! NOTHING ELSE
Not to mention its an illegal tax, and never ratified by enough states to pass. But yet a lot of people pay it.

Sadly america (and a lot of countries) HAVE NO CONTROL over there money system.. I know sounds too stupid to be right
But it is! So if a small group of bankers are LOANING money to countries to use AT interest... sadly the country has to tax its citizens to pay back the loan to the banks.. however... where does the money for the interest come from?
Its never in the system so the country has to borrow even more money to pay back the 1st loan therefore can NEVER really get out of debt.. and the entire country is at the mercy of its creditors (technically) the system is horribly broken in favor of the people making money who have a monopoly..

So knowing all that... who is really making the decisions and running the world?

Simple solution the government should just print its own money
For FREE like the constitution tells you to do... :(

People are so stupid they don't even know the truth when they see it. The people who have figured it out have been bought off or killed or passed off as not important.

So yes FREE financial systems
Free money and people can keep the fruits of there labor
And have more motivation to create instead of buried by debt and unnecessary problems.

Hope that helps

Do you have any sources to cite john? Or is this all just your opinion?

Naveedazeem, one possible topic for your paper is how any "interest free" system is hopelessly doomed to crash and burn, thanks to good ol' economic fundamentals, and human psychology.

If I have surplus funds (I am a potential capital 'provider' into the economic system), then my temporary transference of capital to a capital 'user' means one of two things: (1) I forgo immediate consumption for deferred consumption; or (2) I forgo any potentially profitable deployment of that capital myself.

Being a rationally-acting human, I will thus transfer capital ONLY if adequately compensated. There is zero motivation for me to loan funds (say, an amount with which I could buy one apple today), if upon return of those funds a year later I receive ONLY the same amount that I originally loaned. If I knew that outcome in advance, I'd pass on the deal. Why wait a year, when I could have my apple today?

Similarly, knowing that the debtor will utilize my capital to generate profits or investment returns, I will loan the funds ONLY if I receive some share of those profits--after all, my capital was partially responsible for it.

A failure to grasp those simplest of principles, and a delusional idea that human psychological wiring can be 're-engineered' by silver-tongued, self-anointed 'leaders', is why government-command economies are disappearing from the planet like the rust-bucket dinosaurs they are, and being replaced one by one by successful, free-market economies.