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ISIS Going Back To The "Gold Standard"

Tyler Durden's picture




 

It appears the terrorist organization known as Islamic State has been watching the fiasco of fiat money and reading Alan Greenspan and Ron Paul. As The Daily Mail reports, ISIS wants to introduce its own currency and plans to bring back solid gold and silver dinar coins in an attempt to solidify its makeshift caliphate. Around 1500 years after the Dinar was first introduced - made from pure gold and silver - ISIS plans to implement the change within a few weeks, changing changing from regular dinars and Lira to golden dinars and silver dirhams.

 

 

As The Daily Mail reports,

ISIS wants to introduce its own currency and plans to bring back solid gold and silver dinar coins, it has emerged.

 

The Middle East terror group apparently wants to introduce its own Islamic currency as part of its attempts to solidify its makeshift caliphate.

 

Militants are said to want to bring back the original dinar, which is an ancient currency from early Islam, and religious figures in Mosul and Iraq’s Nineveh province have apparently announced its return in mosques.

 

The currency known as the dinar, which once consisted purely of gold and silver coins, is today used by a variety of countries, but the coins are created from different materials to the originals.

 

However, the jihadi group is understood to be planning to return to the original gold and silver coins, which were first introduced during the Caliphate of Uthman in 634 CE.

 

...

 

While ISIS has yet to confirm the introduction of its currency, social media is awash with claims that leading religious figures announced the plans during recent prayers in Mosul and Nineveh province.

 

It is believed the terror outfit wants to use the independent currency in areas it controls as part of its war on the West.

 

The currency, which could be introduced within the next few weeks, will involve changing from regular dinars and Lira to golden dinars and silver dirhams.

*  *  *

 

It seems Alan Greenspan may have been on to something after all...

"Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it."

*  *  *

Of course this will mean more physical demand - along with Russia and China - and so more price suppression by the West.

 

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Tue, 11/11/2014 - 11:01 | 5436312 JustObserving
JustObserving's picture

Another reason for the Nobel Prize Winner to bomb them to the stone age.  This barbarism cannot be allowed to stand.

Tue, 11/11/2014 - 11:04 | 5436325 LULZBank
LULZBank's picture

Who will be minting their coins?

Who will supply them the metals?

Will holding Gold and Silver make you a terrorist suspect?

Tue, 11/11/2014 - 11:07 | 5436345 Hamm Jamm
Hamm Jamm's picture

The NWO will mint it for them... who else

Tue, 11/11/2014 - 11:10 | 5436367 kliguy38
kliguy38's picture

ISIS =GOLD heheheheeh I'm sure that analogy will not be lost..............

Tue, 11/11/2014 - 11:13 | 5436377 cossack55
cossack55's picture

They best be careful.  That is why Saddam was iced.  Plus selling oil for gold.

Tue, 11/11/2014 - 11:15 | 5436383 Latina Lover
Latina Lover's picture

Since the USSA created and controls ISIS, this means the war on gold is going badly for the banksters.  I smell a psyop to criminalize gold in the name of protecting 'us' against terrorism.

Tue, 11/11/2014 - 11:18 | 5436398 LULZBank
LULZBank's picture

The messiah cannot return until real money is established as the currency.

What do you think the money changers at the temple were changing (if everybody was using gold and silver coins)?

Tue, 11/11/2014 - 11:21 | 5436408 y3maxx
y3maxx's picture

Z H's Skistroni nails it...

"It could be even more F'd up if the West declares Gold as "terrorist" currency and prohibits all gold circulation. This would be the most perverse master plan. But this is still in tinfoil hat territory."

Tue, 11/11/2014 - 11:29 | 5436432 Arius
Arius's picture

That territory is going to be a NEW STATEc (isis or no Isis who really cares ... what is ISIS anyway anybody knows?) ... this is part of the program to establish credibility of the new Islamic State of Levante among the population ... simple

Tue, 11/11/2014 - 11:44 | 5436507 imaginalis
imaginalis's picture

Looks like a PR exercise.

Tue, 11/11/2014 - 11:54 | 5436548 Bullionaire
Bullionaire's picture

Tylers,

 

Gotta change the title of this piece. "Gold standard" means fractional reserve gold backing of paper currency. These are gold coins, which are money.

 

Important difference.

Tue, 11/11/2014 - 11:59 | 5436565 0b1knob
0b1knob's picture

Gaddafi had an idea for a gold dinar too.   

http://rt.com/news/economy-oil-gold-libya/

Gaddafi sleeps with the fishes.

Tue, 11/11/2014 - 12:07 | 5436594 Save_America1st
Save_America1st's picture

wouldn't that be some fucked up shit if we found out that along with China, Russia and India buying up all the West's gold and silver, that I-CIA-SIS turns out to be the other deep pockets scooping up cheap PM's from the Western vaults????  

Tue, 11/11/2014 - 12:21 | 5436647 anonum
anonum's picture

This calls for a war against precious metals! Oh wait...

Tue, 11/11/2014 - 13:19 | 5436857 SamAdams
SamAdams's picture

A bit of trivia - Denarius was a Roman coin around 100 AD.  These silver coins are the origin of the middle eastern currency Dinar, as well as the Spanish word for money, Dinero...

http://www.vcoins.com/en/stores/zuzim/172/product/vespasian_ar_denarius_extremely_fine_70_ce/310228/Default.aspx

Tue, 11/11/2014 - 14:21 | 5437151 outamyeffinway
outamyeffinway's picture

Gold for oil bitchez!!! Game changer!

Tue, 11/11/2014 - 15:27 | 5437408 The9thDoctor
The9thDoctor's picture

So when is APMEX going to start carrying these coins?

Wed, 11/12/2014 - 14:45 | 5441025 fallout11
fallout11's picture

Further, despite Persia and Rome being in a near-perpetual state of war with each other for over 200 years, Roman denarii (compete with the head of the Emperor stamped right on them) were acceptable payment within Persia, and Persian gold and silver coinage was equally accepted within the Roman Empire. Why? Because, despite their origination, at the root, they were real money, and recognizeable as such.  

Tue, 11/11/2014 - 13:16 | 5436878 Alhazred
Tue, 11/11/2014 - 11:21 | 5436410 maskone909
maskone909's picture

+10000 to latina lover way to read between the lines

Tue, 11/11/2014 - 11:35 | 5436465 rccalhoun
rccalhoun's picture

and will isis dare operate on a balanced budget?

Tue, 11/11/2014 - 11:51 | 5436521 ParkAveFlasher
ParkAveFlasher's picture

and perhaps stoop to deflationary price expectations that are assumed with technological advances?  You mean they won't have to plan obsolescence and artificially slow the rate of innovation to match the inflation curve?  Expansion will be funded by equity?  Absence of counterparty risk?  Self-financing commerce?  State no longer sole intermediary in all transactions?  Diminished demand for usury?  War an act of highest risk?  GODLESS SAVAGES

Tue, 11/11/2014 - 12:20 | 5436648 Never One Roach
Never One Roach's picture

I-SIS seems definitely suspicous if not downright terrist; it's requiring 20% down plus a solid verifiable job before handing out a mortgage on a new or pre-owned cave/mud hut.   Not only that, they grant student loans ONLY for STEM studies ... How dare they !!  Where are they going to get their womens studies majors? Basket weavers ?  Social workers ? 

 

 

Tue, 11/11/2014 - 15:06 | 5437331 Tall Tom
Tall Tom's picture

and will isis dare operate on a balanced budget?

 

 

Sharia Law demands it.

 

Financialization is a Money Changing sin.

Tue, 11/11/2014 - 13:23 | 5436892 Son of Captain Nemo
Son of Captain Nemo's picture

+10000 to latina lover way to read between the lines

Indeed!  We can visualize it now! "The breakfast of terrorists"!!!... 

Random house visits for anyone who is suspected of owning it that doesn't do their patriotic duty as a law abiding citizen to simply hand that barbaric relic over that now is synonymous with terrorism to the proper authorities!

And speaking of "terrorists?... "Wonder what this will do if Paul Krugman ever tries to bring back his idea for a $1 trillion platinum coin! 

Tue, 11/11/2014 - 11:40 | 5436489 nevadan
nevadan's picture

I'm not sure what you mean by real money but as far as what they were changing, it was coinage other than the acceptable temple money that was only allowed for religious payments.

The moneychangers served an important function within the temple. They exchanged a person's foreign coins for a fee into coins that were acceptable within the temple. In many ways they were similar to a currency translation in foreign countries where foreigners have to translate their currency for a fee into the currency of the country they are visiting.

http://plim.org/1Moneychangers%20in%20the%20Temple.htm

Quite a racket evidently.


Mon, 11/17/2014 - 12:01 | 5457303 cannonfodder
cannonfodder's picture

The original FOREX model?

Tue, 11/11/2014 - 12:30 | 5436685 HedgeHammer
HedgeHammer's picture

What do you think the money changers at the temple were changing (if everybody was using gold and silver coins)?

Just like today the money changers had cornered all monetary markets as they did back in the days of Jesus

of the pure silver schillings which was the only acceptable  tithing that could be used in order to enter the temple. So people making their way to the temple would bring bushels of crops, goats and cattle etc. to trade for ONE silver schilling. No other coin of that day was pure silver except the schilling and is why Jesus lost his temper and overturned the money changers boxes spilling the coins upon the steps of the temple. So the story goes.

Tue, 11/11/2014 - 13:20 | 5436898 HedgeHammer
HedgeHammer's picture

looks like half of my post was cut off somehow.

Tue, 11/11/2014 - 13:35 | 5436971 funthea
funthea's picture

Well, the story actually goes a bit further... Remember back to Moses and the Pass Over, well it turns out God wanted payment for all the first born males that were spared from that time forward. All good Jews were to make the trek to the temple from near and far. There, they were to sacrifice their first born male of every stripe, less that of donkeys and pigs, as they were unfit for sacrifice. In lieu of not sacrificing your unclean animals and sons, you were to pay a dowry or each, in the accepted temple coinage that could be converted from your other coinage, including schillings I believe. This is where the premiums came in and thus the den of thieves.

 

Funny thing thou, God promised all the proceeds from these doweries would go to Aaron and his decedents into perpetuity. Wonder what ever happened to that little arrangement?

Tue, 11/11/2014 - 13:25 | 5436914 Oldrepublic
Oldrepublic's picture

How did that temple money changing scam work?

Tue, 11/11/2014 - 12:04 | 5436576 Save_America1st
Save_America1st's picture

@Latina Lover

That most definitely could become the issue.  Thought the same thing.

How completely fucked up is our world now that those of us who are for sound money and a monetary system backed by PM's that's outside the central banking fiat system are now going to be grouped right along with Al CIA-duh and I-CIA-SIS????

This now brings us full circle back to our own treasonous government labeling patriots, veterans, conservatives, Libertarians, Constitutional 2nd Amendment supporters, and Oath Keepers as "domestic terrorists". 

Totally FUBAR

Wed, 11/12/2014 - 14:54 | 5441054 mkkby
mkkby's picture

By suppressing the price of metal, the central banks are assisting Isis, China and Russia in their goal to accumulate.  So by saving the petro dollar, we are feeding our enemies. But each day, the petro dollar weakens a little and our enemies strengthen a little.

Oh, what a tangled web they weave.

Tue, 11/11/2014 - 12:57 | 5436792 HyperinflatmyNutts
HyperinflatmyNutts's picture

This is the Jedi mind trick! Get the sheeple to think that Gold is associated with ISIS and terrorist, so that they will not run out and buy it.  Just like LL said a psyop but it can only slow down the Gold Tsunami not stop it. I dont care what they do, say, or what Law they pass I will keep stacking and will be proven right in the end.  "I'll give you my GOLD WHEN YOU PRY IT fROM MY COLD DEAD HANDS"

Tue, 11/11/2014 - 15:14 | 5437354 Tall Tom
Tall Tom's picture

Look up "Blood Diamonds"

 

Some of the liberal sheeple stopped buying Diamonds as they were used to finance African Wars.

 

It removed a substantial demand and harmed the Diamond Trade.

 

They do not need remove all of the demand from Gold. Just some of the demand for Physical Gold will suffice.

Tue, 11/11/2014 - 14:47 | 5437247 Martian Moon
Martian Moon's picture

Same for Kadafi

He was about to reintroduce the gold Dinar

It was going to be a revolution for Africa

BTW any word on what happened to Libya's gold reserves after they were democracy bombed

Tue, 11/11/2014 - 16:53 | 5437799 cynicalskeptic
cynicalskeptic's picture

 

'BTW any word on what happened to Libya's gold reserves after they were democracy bombed?'

Didn't it go to Venezuela after they asked for THEIR gold back? ..... only to be 'lent out' to Goldman Sachs after the Venezuelan economy colllapsed (mere coincidence, right?)

Tue, 11/11/2014 - 18:49 | 5438230 Martian Moon
Martian Moon's picture

I know the Libyan rebels started a central bank the day after they took over

Of all things a group of illiterate rebels would think of doing

I figured they would go for the gold if they were legit, not if they were bankster muppets

Never heard of the gold again, I figure the banksters got their hands on it

I heard the Venezuela / Goldman Sachs story but I don't think it links to Kadafi's gold

 

Tue, 11/11/2014 - 11:16 | 5436380 Latina Lover
Latina Lover's picture

Banksters must really hate gold to equate it to ISIS, their frankenstein creation.

Tue, 11/11/2014 - 15:17 | 5437372 Tall Tom
Tall Tom's picture

They do not hate Gold. They want to control Gold...so that they may continue with their fraudulent paper hanging.

 

They want the Gold. It is not tradition that they store it in vaults.

 

Private Ownership is the proverbial Fly in the Ointment.

Tue, 11/11/2014 - 11:16 | 5436389 Boeing Boy
Boeing Boy's picture

Rothschild bankrolled Britain France and Germany in the Great War, I see no conflict of interest here....

Tue, 11/11/2014 - 11:22 | 5436409 Sean7k
Sean7k's picture

How do you consolidate individual stocks of gold and silver? Require they be used as contributions at the Mosque. Temples become collection points. See India. Has NWO all over it.

Tue, 11/11/2014 - 11:14 | 5436346 JustObserving
JustObserving's picture

In the land of the free, if a cop stops you and finds gold in your car, he can legally keep it along with any cash.  Only $2.5 billion liberated from 62,000 cash and gold-holding terrorists in the land of the free. Your friendly cops keeping America safe from ISIS influence and safe for the banksters.

Police have rare privileges in a fascist, police state

Tue, 11/11/2014 - 12:01 | 5436574 Buster Cherry
Buster Cherry's picture

When it happens to you, be sure to get the cop's name and find out where he lives.

A few years down the road, exact your revenge. There are many ways to do it.

 

"Revenge is a dish best served cold" - Khan

Tue, 11/11/2014 - 13:54 | 5437043 A Nanny Moose
A Nanny Moose's picture

just get a damned dash-cam. Record everything.

Tue, 11/11/2014 - 15:48 | 5437474 nc551
nc551's picture

'just' ?   Maybe you missed the trove of civil forfeiture articles from alternative news sources of late.  It would be like recording a legal traffic stop.  No recourse.  They have permission to steal from you now.  Name, badge #, and where they live indeed.

Tue, 11/11/2014 - 13:13 | 5436867 jerry_theking_lawler
jerry_theking_lawler's picture

Fuck that. Some piece of shit 'peace officer' stick their hands in my vehicles without a warrant will come back with a bullet holes all over them. Don't hear of this happening too much in areas with easy to obtain conceal or open carry laws.

Tue, 11/11/2014 - 16:08 | 5437549 layman_please
layman_please's picture

have to agree with you here. the citizens have to be as vigilant in enforcing the liberties as the government is in its coercion of the laws. nobody else will do it for you. you still have the constitution no country can even dream of and you are just watching it being pissed on. fucking crybabies.

Tue, 11/11/2014 - 16:59 | 5437832 cynicalskeptic
cynicalskeptic's picture

Texas is one of the worst offenders when it comes to civil forfeiture - onw town made most of its budget that way....

so much fo freedon loving Texans - they want THEIR freedon but the hell with anyone else's.....

Tue, 11/11/2014 - 11:09 | 5436360 tmosley
tmosley's picture

Terrorists.

Terrorists.

Yes.

Tue, 11/11/2014 - 11:28 | 5436433 LasVegasDave
LasVegasDave's picture

Fuck you Mosley

Tue, 11/11/2014 - 11:38 | 5436487 tmosley
tmosley's picture

That's terrorist talk.

Tue, 11/11/2014 - 13:34 | 5436954 Bangalore Equit...
Bangalore Equity Trader's picture

Listen TM.

Real terrist buy or mine Bitcoin!

Tue, 11/11/2014 - 11:19 | 5436400 Latitude25
Latitude25's picture

ISIS = CIA so in answer to your questions in order: The US Mint, The US Mint, yes

Tue, 11/11/2014 - 11:40 | 5436490 ronron
ronron's picture

there are minted in malaysia and indnoneasa as we speak. http://en.wikipedia.org/wiki/Modern_gold_dinar

Tue, 11/11/2014 - 11:41 | 5436491 ronron
ronron's picture

there are minted in malaysia and indnoneasa as we speak.

Tue, 11/11/2014 - 12:34 | 5436698 Eyeroller
Eyeroller's picture

A new twist on the Civil Forfeiture Laws now being exploited....

Tue, 11/11/2014 - 12:44 | 5436740 Ignatius
Ignatius's picture

"Will holding Gold and Silver make you a terrorist suspect?" -- LULZBank

It certainly is one of the side benefits, if not the intent.

Tue, 11/11/2014 - 14:40 | 5437095 JuliaS
JuliaS's picture

Who holds most of the gold and possesses most of the assets? It's banks, believe it or not. Not average citizens or hardcore goldbugs even. It's banks. Half of them might be lying about what's in their vaults, but the other half has more than plenty of metal to put a hoard of "hoarders" to shame.

When they are allowed to print fiat and buy gold with fiat, what's keeping them from doing everything you do?

There's one key difference between the way a bank gets gold, compared to the way you do it. The bank grants itself the right to take whatever it wants by printing money. You, on the other hand, have to earn money - you have to borrow it into existence. You have to pledge colalteral or future earnings to get money to buy gold with. You have to work for the bank, producing value in order to get a small amount of your time and labor converted into gold. And all this time you're thinking you're freeing yourself from bondage and somehow getting a piece of anti-fiat insurance no banker can touch. Well, let me tell you - for every gold coin or bar you buy, you're generating enough economic activity so that a banker could buy himself 2 coins. For as long as you function within the confines of the fiat system, you have no insurance, no protection and no way to earn an advantage against the the actual owner of everything there is.

You can buy PM's. Can you tax the the government? Can you employ a private army to enfore your desire to tax the government? Can you make up rules on the go, figuring what possessions others are allowed and disallowed to have? Can you do one thing and deny the very same thing to somebody else? Can you prevent a banker from doing what you do? Nope. A bank, on the other hand, can do absolutely everything you do...

... and then some.

Tue, 11/11/2014 - 11:05 | 5436336 ZippyBananaPants
ZippyBananaPants's picture

Quick everyone turn on CNBC, David Faber is going to blow JackMa on live TV!!

Tue, 11/11/2014 - 12:48 | 5436752 Bemused Observer
Bemused Observer's picture

Ma has a giant baby-head. It's weird, I can't stop looking at it...

Tue, 11/11/2014 - 11:09 | 5436354 Jumbotron
Jumbotron's picture

Well....the Banksters and their enablers have told us for generations that gold was a barbarous relic.  I guess here's the proof.  And proof that gold and silver stackers are turrurists.

Well....here's my middle finger balancing a gold coin, bitchezzzzzzz.

Tue, 11/11/2014 - 11:38 | 5436482 agent default
agent default's picture

And from now of course on everyone owning gold or silver is of course a terrorist accomplice. 

Tue, 11/11/2014 - 12:16 | 5436532 BigJim
BigJim's picture

Lone Fed agent: What's this? A GOLD coin???

Murican: Yes, sir.

Lone Fed agent: So you ARE a terrrist! Why else would you be carrying the official currency of The Islamic State? (starts muttering urgently into his own shoulder)

Murican: Official currency of The Islamic State?? It's a Canadian Maple!

Lone Fed agent: Whatever.

Murican: What's happening? Who are all these men???

2nd Fed agent: Why are you hating on freedom?

Murican: Why are you handcuffing me?

3rd Fed agent: I hope you like wearing orange... jihadi.

Tue, 11/11/2014 - 13:41 | 5436983 Bangalore Equit...
Bangalore Equity Trader's picture

Listen Jim.

I like how all of the Americans just sit there and write "PROVACATIVE" story lines.

Cowards. Real American hero's like Timothy McVeigh didn't sit on his ASS all day provoking Select Zero's!

Do you get it? Admit it, you "LOVE" the FBI!

Tue, 11/11/2014 - 17:04 | 5437847 BigJim
BigJim's picture

Real American heroes? But I'm a curry-swilling Paki just like you!

Tue, 11/11/2014 - 13:43 | 5436993 Arius
Arius's picture

you got to go Holliwood ... a whole fiction there based on nada....

Tue, 11/11/2014 - 15:30 | 5437412 Tall Tom
Tall Tom's picture

Civil Forfeiture.

 

Prove your Gold is not being used to finance terrorism.

 

Wrong venue Arius.

 

Few here have any faith, trust, or confidence in the US Government or its currency.

 

You cannot demonstrate ONE REASON why we should have faith, trust, or confidence in that.

 

So you revert to wisecracks and unsubstantiated claims...RIDICULE.

 

Of course that does not help your cause or your employer's cause in the least.

 

It only serves to solidify the prevalent beliefs and your posts are read as a comic relief.

 

In fact I am laughing my ass off now...at you.

Tue, 11/11/2014 - 12:16 | 5436632 thetruthhurts
thetruthhurts's picture

gadamit!  Now the gold bugs and libertarians willl be classified as terrorists by the US gooberment!

Tue, 11/11/2014 - 15:24 | 5437397 Tall Tom
Tall Tom's picture

We already are classified as Financial Terrorists. Nothing new.

Tue, 11/11/2014 - 13:53 | 5437034 JuliaS
JuliaS's picture

To understand the reasons for the invasion you’ve got to go back to a  1971 OPEC meeting at which the Organisation of Petroleum Exporting Countries did decree that from this day forth wheresoever a barrel of oil is bought or sold anywhere in the world, it may only be bought or sold in US dollars. Mexico selling oil to China? US dollars! Holland trading oil futures into Morocco? US dollars! Even though the more natural currency for that particular transaction would of course be hashish.

- Robert Newman

Tue, 11/11/2014 - 15:32 | 5437427 Aeternus
Aeternus's picture

I'm sure this will be spun as, Gold/Silver = EVIL!

 

https://www.youtube.com/watch?v=Od9D6TECSa0

Tue, 11/11/2014 - 11:01 | 5436313 Oldballplayer
Oldballplayer's picture

Would it be the funniest damned thing if ISIS caused the world to return to the gold standard.

 

How F'd up would that be?

Tue, 11/11/2014 - 11:06 | 5436338 Dr. Richard Head
Dr. Richard Head's picture

More than likely ISIS getting into gold means the USSA Govt will now be able to link us metal holders as outright terorrists and lending financial support to ISIS through holding metals.  Thankfully, I lost mine in a paddleboat accident.

Tue, 11/11/2014 - 11:07 | 5436349 skistroni
skistroni's picture

It could be even more F'd up if the West declares Gold as "terrorist" currency and prohibits all gold circulation. This would be the most perverse master plan. But this is still in tinfoil hat territory.

Tue, 11/11/2014 - 11:53 | 5436542 ejmoosa
ejmoosa's picture

I dare them to do so....

Let's get this party started.

Tue, 11/11/2014 - 11:18 | 5436394 Sages wife
Sages wife's picture

Didn't work very well for Gaddafi.  But then, they would know that.

Tue, 11/11/2014 - 11:44 | 5436511 29.5
29.5's picture

I have no idea what planet I am on

Tue, 11/11/2014 - 12:36 | 5436708 Sokhmate
Sokhmate's picture

Planet Urectum

Tue, 11/11/2014 - 12:19 | 5436640 NotApplicable
NotApplicable's picture

I think you mean "the world minus the collapsed western countries."

So... latest NWO planetary scenarios look like this version of a Hobson's Choice.

  • Global Security: Voluntarily give in to Putin, vs. the Western Mad, Mad, Mad, Mad, Mad World of War.
  • Global Finance: Use real money, like ISIS, vs. using debt money, like any "civilized" people.

Place your bets!

Wed, 11/12/2014 - 17:50 | 5441760 Zorrohodge
Zorrohodge's picture

If They make a whole country or three switch all their cash to gold at these prices they might just do that. The only legit western response is gold backing which still doesn't match actual gold coins. Wow

Wed, 11/12/2014 - 17:50 | 5441761 Zorrohodge
Zorrohodge's picture

If They make a whole country or three switch all their cash to gold at these prices they might just do that. The only legit western response is gold backing which still doesn't match actual gold coins. Wow

Wed, 11/12/2014 - 17:50 | 5441762 Zorrohodge
Zorrohodge's picture

If They make a whole country or three switch all their cash to gold at these prices they might just do that. The only legit western response is gold backing which still doesn't match actual gold coins. Wow

Tue, 11/11/2014 - 11:02 | 5436316 Hulk
Hulk's picture

Barbarians !!! Now they are really fuked...

Tue, 11/11/2014 - 11:03 | 5436320 SpanishGoop
SpanishGoop's picture

Yup, the "babaric relic".

 

Tue, 11/11/2014 - 11:02 | 5436318 Oldballplayer
Oldballplayer's picture

And those cannot be real money.  They are not written in English.

Tue, 11/11/2014 - 11:05 | 5436328 SpanishGoop
SpanishGoop's picture

It says "In Allah we trust".

Should be enough to believe it is "money".

We do it every day.

 

 

 

Tue, 11/11/2014 - 11:01 | 5436319 Smiley
Smiley's picture

Darn Traditionalists!

Tue, 11/11/2014 - 11:03 | 5436321 scatterbrains
scatterbrains's picture

That's right all you gold bugs are Isis terrorists by proxy. We need legislation to regulate and control the flow of gold and silver as soon as possible.

Tue, 11/11/2014 - 11:04 | 5436323 SpanishGoop
SpanishGoop's picture

So gold for oil soon.

 

Tue, 11/11/2014 - 11:04 | 5436326 drooley
drooley's picture

Next up... "TPTB claim anyone who buys silver or gold are supporters of terrorism."

Tue, 11/11/2014 - 11:10 | 5436361 Monty Burns
Monty Burns's picture

Slightly off topic but just read this about a treble-citizen who in effect is trying to provoke war between the USA and Iran, and destroy what little remains of the West's financial credibility.    http://www.ozy.com/rising-stars-and-provocateurs/washingtons-iran-sancti...

Tue, 11/11/2014 - 11:44 | 5436508 kchrisc
kchrisc's picture

I am sure that eventually Iran's $100bil. will be taken for "holocaust" reparations.

An American, not US subject.

Tue, 11/11/2014 - 11:04 | 5436334 Fix It Again Timmy
Fix It Again Timmy's picture

Whatzza madder?  Paper not good enuf fer ya, ya heathens?!.....

Tue, 11/11/2014 - 11:07 | 5436344 americhinaman
americhinaman's picture

if the story is true (and assuming ISIS has limited gold/silver in stock), then i believe the implication is that western governments will have an incentive to increase precious metals prices so that the project becomes unfeasible (or perhaps ISIS would be forced to make very small coins?).

Tue, 11/11/2014 - 11:07 | 5436348 QQQBall
QQQBall's picture

Gold. The Currency of Terrorists

Tue, 11/11/2014 - 11:07 | 5436350 Latitude25
Latitude25's picture

Where can I get one.  Will they (ISIS aka the CIA) accept fiat dollars for golden dinars?

Tue, 11/11/2014 - 12:09 | 5436608 scatterbrains
scatterbrains's picture

nothing on Ebay yet..  what about Alibaba  ? I want one.

Tue, 11/11/2014 - 11:08 | 5436353 skbull44
skbull44's picture

Sound money? How dare they!

 

http://olduvai.ca

Tue, 11/11/2014 - 11:08 | 5436359 Hamm Jamm
Hamm Jamm's picture

Absurd ....   how can a FAKE organization produce physical coins ?    oh right, I have a handful of those gold dinars in my hand right now...  just close your eyes and POOF they appear all freshly minted... hahaha    with some Fairy dust

Tue, 11/11/2014 - 11:10 | 5436363 Bossman1967
Bossman1967's picture

are we not considered terrorists anyway because of our beliefs of freedom of yourself to do what it is you want as long as I does not infringe on others rites. I'll keep my gold and silver and they can fuk themselves

Tue, 11/11/2014 - 11:19 | 5436399 Bill of Rights
Bill of Rights's picture

Agreed, many here feel the US government is actually very well organized, fact is it don't know it's ass from its elbow , I mean just look at who is in power know nothing's and do nothings an embarrassment actually ... Fuck off is spot on.

Tue, 11/11/2014 - 11:09 | 5436364 LULZBank
LULZBank's picture

It is getting fucked up faster than exected and on the stealth.

Just a day after the alleged caliph was allegedly critically wounded.

 

Get ready to donkey cart bullion to buy barrels of oil!

Tue, 11/11/2014 - 11:09 | 5436365 p00k1e
p00k1e's picture

Republicans have to convince 51% of Americans that only an unpatriotic terrorist heathens would hold gold….

LOL

Government workers will ask at school, “Does your mom or granddaddy have coins and guns?”

Tue, 11/11/2014 - 11:11 | 5436368 russwinter
russwinter's picture

What is this, and from psyops central the Daily Mail nonetheless. Is this some kind of twisted propaganda, conditioning guilt by association to make the idea of gold backing a nutwing concept? 

Tue, 11/11/2014 - 11:21 | 5436406 Bullionaire
Bullionaire's picture

Russ,

Had to login just to reply, "Yes. Yes it is." And not just gold "backing" but all PM "stacking."

Lessee...WWIII before 11/29 to prevent the Suisse referendum?

Tue, 11/11/2014 - 14:29 | 5437177 Goldy Locks
Goldy Locks's picture

Don't hold your breath on the Swiss vote. 90% chances the referendum will be refused, which I already deeply regret , 'cause I live here.

But the propaganda against the yes is so unanimous, accross the board, that I would be really surprised by a positive result.

 

 

Tue, 11/11/2014 - 15:19 | 5437384 Bullionaire
Bullionaire's picture

Goldy,

That's a shame...there are many deep pockets in the hard money camp who could afford to fund the YES campaign.

In your experience, what does the average person think about the initiative? Does it come up in "polite conversation?"

Tue, 11/11/2014 - 17:26 | 5437923 Goldy Locks
Goldy Locks's picture

<<That's a shame...there are many deep pockets in the hard money camp who could afford to fund the YES campaign.>>

Of course. Some of them do, and they *do* have some money...

But of the 7 political parties in Switzerland, only 1 suggests the yes. All the others, from the left to the right, massively refuse the referendum. This will obviously influence people.

<<In your experience, what does the average person think about the initiative? Does it come up in "polite conversation?>>

It does sometimes, but it looks like a kind of abstraction to the people I talked to, although they seem to quickly understand that it would make sense to have our gold here, especially given the problems faced by Germany. And they remember that a good portion of our gold was sold at the worst moment by the authorities etc.etc.

But they come immediately with a very good question : "since it's so important, why is the Swiss National Bank itself against the referendum ? Why should I vote against their expert opinion, and the opinion of almost all Swiss parties and political bodies ? Don't you think we have enough problems with the economy without complicating the game any further ?

So I'm clearly pessimistic about that one. But we'll see.

Cheers. Sorry for my bad English.

Tue, 11/11/2014 - 11:11 | 5436369 katchum
katchum's picture

What's the GDP of ISIS?

Tue, 11/11/2014 - 11:16 | 5436386 Schmuck Raker
Schmuck Raker's picture

A few hundred decapitations.

Tue, 11/11/2014 - 11:17 | 5436390 SpanishGoop
SpanishGoop's picture

And if you steal everything and sell it you must have a trade surplus.

 

Tue, 11/11/2014 - 15:20 | 5437385 123dobryden
123dobryden's picture

so far average iraqi sunni is getting better services for less taxes

Tue, 11/11/2014 - 15:33 | 5437428 Tall Tom
Tall Tom's picture

And if you steal everything and sell it you must have a trade surplus.

 

 

Not necessarily...

 

Look at the USA. We still run trade deficits because it is not enough.

Tue, 11/11/2014 - 11:12 | 5436376 Jano
Jano's picture

CIA is short on gold?

Like being short on UA on 11/9?

Tue, 11/11/2014 - 11:14 | 5436381 astoriajoe
astoriajoe's picture

so how long till they discontinue American Silver Eagles and Gold Walking Liberty coins.

Tue, 11/11/2014 - 11:16 | 5436387 q99x2
q99x2's picture

This means that United States of America can become a nation again in 3,394 CE and return to the gold standard.

Tue, 11/11/2014 - 11:15 | 5436388 Fiscal.Enema
Fiscal.Enema's picture

By todays standards George Washinton was a terrorist. Would it be correct to call Is... members revolutionaries?? 

Are the Members of the big banks (individuals and nation states) the true terrorists?  Was OBL really who THEY say he was?

Or was he the revolutionary hero who took on the big banks? And if so.... are the people who "take on" the big banks in word and deed 

on the same side as IS and OBL?  I think so......

Tue, 11/11/2014 - 11:18 | 5436395 agstacks
agstacks's picture

"It's not surprising to see them move towards gold and silver.  They do slice people's heads off.  Barbarians prefer a barbourus relic. I think we need to start paying attention to early warning signs of terrorism.  If you hear someone talking about gold and silver we cannot just shrug them off as a crazy nut job anymore, we have to take the threat seriously if we are to protect the homeland.  That is why today I will introduce the "Defend America from ISIS, Precious Metals, and Nuclear Attack" bill of 2014."

-Congress Critter  

 

 

Tue, 11/11/2014 - 11:19 | 5436396 Grimaldus
Grimaldus's picture

A gold Dinar? Like saddam? Like Gaddafi?

Walking dead men for sure now. Hillary and Bush will never let that stand.

Grimaldus

Tue, 11/11/2014 - 12:04 | 5436445 Son of Captain Nemo
Son of Captain Nemo's picture

"A gold Dinar? Like saddam? Like Gaddafi?

Walking dead men for sure now. Hillary and Bush will never let that stand"...

+100

Hillary and Jeb may not be around to head their respective Party if USD and the market(s) keep doing what they are doing!

They need a war and a "rally point" like 13 years ago and we will have one before the markets implode!

Question remains. Are the American people going to buy "another 9/11", and when it happens will they have the temerity to make spirit sticks out of the heads of every Congressman and agency director in D.C. and the lobyists and lawyers that go with them?!!!

My money is on Washington.  Because the American people simply don't care enough about the pain that will be involved in order to change what they themselves created through a "representative" democracy!

Tue, 11/11/2014 - 12:24 | 5436658 MarkAntony
MarkAntony's picture

I believe you might be right...  As long as their home towns and back yards are not affected by the "9/11 ish psyop" most "murickans" won't care.

Tue, 11/11/2014 - 11:37 | 5436483 tmosley
tmosley's picture

Problem is that Saddam and Gaddafi were strongmen, not grassroots movements (even if incited by Western intelligence agencies).  This is going just like every other op these idiots have ever pulled, except that the blowback is coming much sooner than normal, and it looks to be far more threatening even than a Cuba-USSR alliance.

Tue, 11/11/2014 - 12:40 | 5436725 Urban Roman
Urban Roman's picture

The other problem is it's getting difficult to tell the grass from the astroturf.

Tue, 11/11/2014 - 11:20 | 5436403 roadhazard
roadhazard's picture

I'm still waiting to hear that ISIS took Kobani. They will burn themselves out fighting the Kurds. 

Tue, 11/11/2014 - 11:20 | 5436405 jubber
jubber's picture

The US forces must really be giving them a good bashing if they have time to discuss this?

Tue, 11/11/2014 - 11:23 | 5436411 LawsofPhysics
LawsofPhysics's picture

Hhmm, so attaching your monetary system to something real is now considered "terrorism"...

In a world control by useless paper-pushers, this should come as no surprise to anyone.

same as it ever was.

Tue, 11/11/2014 - 15:04 | 5437320 Grimaldus
Grimaldus's picture

Not recently but for a long time now. Saddam was going to sell oil for gold or create a gold backed dinar I think. Gaddafi was going to for sure. It would have been very attractive over there in the middle east, all them peoples likes them some shiney gold and the whole place would have jumped on it like stink on shit. Sounds strange but Gaddafi was going to become some sort of peoples hero because backing the dinal with gold would take power away from central bankers and give it back to the people.

Google that shit and you will find a central bank was installed in Libya right after Hillary Clinton killed Gaddafi and the ambassador and thousands of people.  And what happened to the Libyan gold that was there?

http://www.theaureport.com/pub/na/libya-invasion-was-about-gaddafis-gold...

Grimaldus

Tue, 11/11/2014 - 11:25 | 5436422 Catullus
Catullus's picture

All of the sudden those hunks of metal in my closet are now suspicious.

This is still silly. A government doesn't impose money on people. It's like imposing a language on an entire population.

Best thing they can do is demand gold for oil. Otherwise people are just going to exchange the paper dinars or dollars.

They could also pay their troops in silver. But the temptation is always going to be there to pay them in paper.

Tue, 11/11/2014 - 11:44 | 5436506 TheReplacement
TheReplacement's picture

Why pay the troops at all?  They are true believers and volunteers are they not?  They're doing it for the virgins.

Tue, 11/11/2014 - 11:26 | 5436425 juggalo1
juggalo1's picture

It's not true that most conservative people are stupid, but most stupid people are conservative.

Tue, 11/11/2014 - 11:26 | 5436426 q99x2
q99x2's picture

If the NWO is really building up ISIS as a local force to control mid east oil this is a sure sign of it.

They know what a gold backed currency can do for a nation.

Tue, 11/11/2014 - 11:29 | 5436431 GIABO
GIABO's picture

What a novel idea... So people that back a gold and silver currency are now terrorists? 

Tue, 11/11/2014 - 11:29 | 5436436 Cheduba
Cheduba's picture

Well this is unexpected.  Look those terrorists over there are so diabolical that they are using gold as money!  Only terrorists would sink to such depravity.

Tue, 11/11/2014 - 11:31 | 5436440 GIABO
GIABO's picture

ISIS = ISRAELI SPECIAL INTELIGENCE SERVICE

Tue, 11/11/2014 - 11:32 | 5436449 q99x2
q99x2's picture

Obama will be on the first minting out of respect for all of his support.

Tue, 11/11/2014 - 11:34 | 5436452 goldbear
goldbear's picture

exactly..the dark ages going back to the dark ages

Tue, 11/11/2014 - 11:40 | 5436493 p00k1e
p00k1e's picture

We are saddled with the debt from previous generations. We were monetized.  

Tue, 11/11/2014 - 11:35 | 5436455 cwwang
cwwang's picture

Where can I get one. Add to my gold and silver collection.

Tue, 11/11/2014 - 11:34 | 5436456 Calculus99
Calculus99's picture

This makes them 'double terrorists'.

They should ban Gold now to 'protect our freedom'.

Tue, 11/11/2014 - 11:36 | 5436469 ivana
ivana's picture

ha ha ha what a miserable excuse to put all those goldbugs in guantanamo and confiscate their gold ... cause they are terrorist lovers and undermining basic pillar of our "society"

Tue, 11/11/2014 - 11:37 | 5436472 Calculus99
Calculus99's picture

I wonder if the ISIS leaders will now proclaim the US 'hates us for our Gold'?

Tue, 11/11/2014 - 11:38 | 5436475 savedeposit
savedeposit's picture

Mmmm what would happen to the price of gold and\or silver if 1,6 billion muslims arround the world would start seeing gold and\or silver as money, or if some religious muslim leader declares a fatwa saying muslims may only save money in gold and\or silver because interest is a jewish\western thing and forbidden in Islam. That would really kick the western ponzi system in the balls

Tue, 11/11/2014 - 11:46 | 5436514 TheReplacement
TheReplacement's picture

Kinda makes one wonder why they have not done so already doesn't it.

Tue, 11/11/2014 - 11:38 | 5436478 kchrisc
kchrisc's picture

The CIA's and Mossad's fighters for Greater Israel want to go gold.

"Well, ain't that sweet?!"

At least Germany now has a better idea of where their gold is.

An American, not US subject.

Tue, 11/11/2014 - 11:38 | 5436486 Divine Wind
Divine Wind's picture

 

 

 

APMEX: Investments You Hold (Until Your Head is Cut Off)

Tue, 11/11/2014 - 11:42 | 5436501 BeerMe
BeerMe's picture

You will now be labeled a terrorist for holding gold and/or silver.

Tue, 11/11/2014 - 11:42 | 5436505 DriveByLurker
DriveByLurker's picture

How does one arrange to lose one's stash of physical in a "boating accident" in an arid, landlocked state?

 

Asking for a friend.

Tue, 11/11/2014 - 11:47 | 5436518 TheReplacement
TheReplacement's picture

Capsize your camel in a sandstorm.

Tue, 11/11/2014 - 11:51 | 5436537 DriveByLurker
DriveByLurker's picture

I like it..."My phyz was on a draft animal that wandered off during a sandstorm, never to be seen again"

 

or, to paraphrase,

 

"I lost it in a goating accident"

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