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ISIS Going Back To The "Gold Standard"
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.
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.
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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."
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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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Mosul dam reservoir.
It's a sad state of affairs that it is news, perhaps censorable news, when a former Fed head (and erstwhile inveterate Part Of The Problem) merely states the completely fucking obvious.
This is ok. If ISIS DOES go gold and silver, those coins won't stick around long enough for anyone to use them. They'll be leaving ISIS territory in their original mint-bags, and into the hands of collectors and stackers the world over.
The guy on the street will be trading his surplus daughters for rice, because gold and silver dinars will be real hard to come by.
Hey, who knows? We stackers may even get a good deal, because of the hated 'ISIS' coin design. Do we care whose face is on our gold? Hell no, we'll just melt 'er down...
I'm just wondering if they'll be issuing 'Maple Leaf' quality boullion...
Will they mint proofs?
IF I HEAR ONE FUCKING POLITICIAN OR TALKING HEAD OR ANY OTHER COCKSUCKER SAY, SUGGEST OR IMPLY THAT STACKERS ARE NOW AIDING AND ABETTING THE TERRORISTS BY SUPPORTING THEIR CURRENCY, I AM GOING TO LOSE IT.
Apologies for shouting.
Just had a thought - this could be the "excuse" the Central Banks need to move to a gold standard - would allow them to say that the West has a gold / silver backed currency so that people transacting have a legitimate "non-terrorist" alternative? In other words, rather than demonizing gold, this may justify moving towards gold (which was inevitable anyway and is already happening) without too much egg on the Central Bankers' collective face?
Ummm ... so where did they get the money to buy the gold and silver and where are they keeping it? Tel Aviv maybe? Who is their broker, Lloyd Blankfein, maybe?
Just another piece of evidence that there is a whole bunch more above ground gold than the official banker stats admit to. Some say that while there is about 100x more above ground gold available than admitted to, the bankers are maintaining the illusion of short supply so as to keep the price propped up.
They never seem to run out, do they, regardless of supply and demand and what all of the stackers/doomers say.
Gold and silver offer crediability that any new government needs. You can't have faith in the government, so have faith in gold and silver.
See its a starting currency for a new state. Now what does ISIS have to sell in trade for gold and silver...
Bad news, missa saying. Will be one good new excuse for a confiscation.
...And confiscation by the State is my #1 concern, regardless of the country or continent involved. An official relationship <gold-terrorism> or <gold-money laundering> was the last thing we needed.
"Your either with us......or with the terrorists. MR. and Mrs. America, TURN IN YOUR GOLD AND GUNS NOW!"
Barbie Boxer
Maybe they get the gold from their little gray bosses.
I'm starting to like these guys.
I checked kitco.com, they don't have the ISIS coins on promo yet.
Now they've gone TOO far!
Gaddafi must be LHAO in Jannah with his 72 houris. His idea of the Golden Dinar may materialize after all...
we (.gov) knew this two months ago thats why we are striking them
No more cheap Yezedi Women now you have to pay in gold.
goats too
yt video on Islam and the gold dinar as money. https://www.youtube.com/watch?v=moQOFxMxTOM.
Extremely boring crap and over an hour in length. I got about 3 minutes into it. Where's the part about gold being money?
dup
Jesus saves.
thanks for giving it a chance. this particular teacher speaks about honest money in Islam. The point i was trying to make is that Islam has a tradition of not charging interest and using money that has intrinsic value. Isis is demonstrating a traditional cultural value for the gold dinar.
Jesus saves.
First step in branding us gold buyers as terrorists?
Ha ha! Or a good excuse to make all gold possession illegal.
Perfect. " Only terrorists own gold and silver."
Unbelievable, even the terrorists use more honest money than us.
I suspect we might see "parallel" systems first. If a black market (a true capitalist invention) develops you may hear rumors of international transactions settled in gold. Then, perhaps payment to your local doctor or pharmacy or ammo dealer in gold or silver. At that moment we will have the beginning of true price discovery for the fiat US paper vs precious metals of any kind. And at that moment price suppression fails.
We know the paper gold price (aka current spot price) is fictitious. Coin premiums of up to $50/oz support that view. But a real, fully open price discovery might equate to gold transactions at $5,000 to up to $50,000/oz. That is an awfully large range from which to start. Maybe we need an intermediary valuation first. For example, a case (1,000 count) of relatively new headstamped NATO 5.56 SS109 for $2000 in fiat US paper, or one oz of gold in any form, or one Styer Aug, or one complete root canal. That way multiple other items become valued indirectly.
Black markets are amazingly useful and efficient. Bring it on.
China and Chinese citizens, Russia and many Russians, Indian citizens in general, intelligent Western citizens, isis terrorists, Greenspan and central bankers around the world are all holding gold. Not milk, copper or zink. Gold, it must indeed be something special. But WHY, the retard asks himself.
So the choice of our coin is to be made for us all by killers. No honest debate at all.
Are you guys ok with that? Its not thier choice to make. FFS! Its not thier choice any more than it was Bernanks choice to destroy the dollar. Its like letting a hooker and a devorce lawyer give you advice on your dealing with your spouse.
Its not thier place to talk. These are the last mfrs I want making any choices for me.
So this explains why that dude got droned.
And their pennies can be made of 99% copper and 1% plutonium.
Gonna have to call bullshit on this one.
I hear the next shipment of supplies that inadvertently ends up in their hands will be packed with several thousand nail guns.
Long Makita, DeWalt and Black & Decker.
If you make your living with a fucking gun please STFU about honest money. Just sayin.
I can’t wait to see gold priced in bbls of ISIS oil. Then we’ll know what the barbarous relic is really worth.
If they pull it off, those coins will probably be worth more as collector items than their gold content too.
See, a barbaric relic.
Ha! Pity they don't have anything anyone wants to trade with them...oh wait...
Interesting. Talk of a revaluation of the Dinar has been going around the UFO "conspiracy" loop for years now.
And now for something completely different .
Some new owners are coming in .
See
https://www.academia.edu/9247204/Be_Your_Own_Owner
or
http://andreswhy.blogspot.com/2014/11/be-your-own-owner.html
ISIS seems to have the most powerful land army in the world today, the best equipped (with US gear), the best trained (by both CIA and al Qaeda), it will have the most powerful non-fiat currency, it has a budget surplus, its citizens (who converted) seem to support their government (by way more than US Congress' 9% approval), and they have a consistent set of laws that actually get enforced. Clearly the US cannot let such a country exist!
Isis using Gold and Silver while America uses FRN's. Yep the world has officially jumped the shark
All part of the US CIA Syrian "rebels" Al Nusra Al Qaeda ISIL ISIS scam: now "gold and silver" are "terrorist money".
So the actual terrorists printing fiat can say credits, electrons, empty promise IOU notes are "real money" and actual real money is "terrorist money" which of course was all funded with US fiat in the first place.
Sadly 90% of the planet's too dumb to figure this out at all. Actually believes in patriotism when their nations are in fact mere provinces of supernational corporations.
Ok. First you took all the guns, bomb and money we gave you to do our dirty work and turned them against us and we overlooked it as we can still make money on it.
Then you took large swaths of countries for yourself, and we overlooked it as we can make money supplying bombs to take it back.
Then you started selling oil for cheap, we overlooked that and brought it and made money on that.
But using gold and silver instead of the shit we print, THIS we cannot take!
Finally ISIS its a real threat to the US.
They have/control oil. Why would they pick gold? How much gold do they have to start this rolling? Where did they get it from?
ISIS will get gold and silver from the sale of oil, of course.
Man those ISIS guy's are dumb, Robert O'Neill's just gonna swoop in on a Black Hawke and whup it alll back from em. That'll learn em.
http://www.nbcnews.com/news/us-news/robert-oneill-seal-osama-bin-laden-r...
ISIS issues real money in Gold and Silver coins, and considers usry a crime.
Western Bankers issue debt as money upon which interest must be paid, which is globally recognized as a ponzi scheme.
So, who is the criminal here?
Choose wisely.