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Austrian Economics Is Now Equivalent To Terrorism Thanks To Latest Islamic State "Gold Standard" Propaganda Clip
What better way to mute demands for a return to sound money and the gold standard, than by making them equivalent to jihadist terrorism? Why, there are none, which is why some were thoroughly amused to see that yesterday the Islamic State's so called media center, the al Hayat, released a video whose production qualities are nothing short of Hollywood (or San Fernando valley at worst), in which the latest and greatest "jihadist terrorist group" that was a byproduct of US intervention in the Middle East, announces it is preparing to take on the Fed itself with, drumroll, "the return of the gold dinar."
As Bloomberg reminds us, the Islamic State’s Shura Council last year tasked its Beit al Mal, or treasury, with minting the coins, which come in several denominations made of gold, silver and copper.
The coins may not be there, but instead ISIS released a 55-minute propaganda video with the latest in straight to YouTube special effects, in which the ISIS voiceover actor says, in perfect English, "as history repeated itself, one of the great forms of corruption that the earth came to witness was the dark rise of bank notes, borne out of the satanic conception of banks, which mutated into a fraudulent system of enslavement orchestrated by the Federal Reserve in America - a private corporation and system that would, through the use of deceit and force, deprive people of their due, by imposing upon them the usage of the piece of paper that came to be known as the dollar bill."
It is the Federal Reserve bank note that they alone print, and that would go on to replace gold and silver which Allah created as the standard mediums of exchange for the purchase of goods and services. Allah blessed the songs of the Khilafah and gave them the ability and foresight to break from the shackles of the Federal Reserve system and to restore the gold dinar, and the silver dirham as the ultimate measure of goods and services beginning in the birth place of the Islamic State.
The punchline: "the currency is meant to break the shackles of “the capitalist financial system of enslavement, underpinned by a piece of paper called the Federal Reserve dollar note."
It just gets better from there and for the next hour, the video basically goes through the failings of not only the dollar as the Fed's currency of choice, which since 1971 is no longer backed by any hard asset, but does a surprisingly good job of explaining the pitfalls of fractional reserve banking (30 minutes into the clip), which as many have witnessed first hand, nearly resulted in the collapse of capitalism, then several years ago, the Lehman failure showed that should financial counterparties fail, there is not nearly enough underlying assets to satisfy existing credit claims. It gets so funny, ISIS even bashes the petrodollar system (38 minutes in), and quotes Jim Rickards (39 minutes into the clip) as supportive of its "evil" observations.
What is implied, is that it does all this by making such observations and thoughts indicative of affiliation with ISIS, and hence, terrorism.
As Bloomberg adds, "the group first announced its intention to issue its own money in November 2014, about five months after it seized the northern Iraqi city of Mosul and its leader Abu Bakr al-Baghdadi announced a caliphate. In the video released Saturday, it gave no reasons for the delay in issuing the coins. It didn’t explain where the coins were being minted, nor how they’ll be distributed or replace currencies circulating in the territory the group occupies in parts of Iraq and Syria."
Minting the coins is relatively easy ... as goldsmiths in Mosul imported machines from Italy in recent years, each one able to produce about 5,000 coins a day. The metals probably come from banks the group seized, ransoms, the homes of Christians and other minorities who fled, he said.
In the video, Islamic State refers to Caliph Abd al Malik ibn Marwan, who introduced the first Arabic-script coinage of the Islamic empire, free of figural representation, in around 696 AD.
The militant group said its 21-carat 1-dinar coin weighs 4.25 grams, while the 21-carat five-dinar coin weighs double that. Three dominations of silver dirhams and two of copper coins were minted for smaller transactions, it said.
What is surprising is that despite all the talk there is actually zero such coins in circulation: "Each coin bears an inscription that reads, “The Islamic State, a caliphate based on the doctrine of prophecy.” The 1-dinar coin also shows seven stalks of wheat, which the group said is meant to represent “the blessing of spending in the path of Allah.” The five-dinar coin bears the image of a map of the world.
Residents interviewed by phone from Mosul and Ramadi, the western Iraqi city captured by Islamic State in May, said so far they hadn’t seen any coins, received details of how the currency swap would work, or been told what the prevailing exchange rate might be. They said families have been preparing for this moment for some time.
“They’ll only be used in these areas and people will only buy these coins for their daily needs and expenses,” said Baghdad-based economist Basim Jameel. “Nobody outside their control will accept the currency and I don’t know how they’ll keep up with demand, as they are losing resources day after day,” he said. “At the end of the day, this is a media propaganda tool.”
Actually no, they won't: as Bloomberg also notes, "since Islamic State is classified as a terrorist group, the coins can’t be traded legally." But the point of the propaganda video is not to promote ISIS coinage, which will never exist; the point - as the nuanced, C-grade made in Hollywood propaganda goes, is to pitch an anti-Fed, anti-fractional reserve, pro-gold standard ideology, and make it equivalent to the evil terrorist thoughts spread by the Islamic Jihadist group.
And just like that, Austrian Economics has been reduced to a terrorist ideology, and anyone harboring the same "evil" misconceptions as those spread by the "Islamic State's" media propaganda outlet have become an enemy of the US state.
So how to avoid becoming accidental drone fodder? Why by renouncing all evil, terrorist thoughts of a "satanic conception of banks" and a "capitalist financial system of enslavement, underpinned by a piece of paper called the Federal Reserve note." In fact, just swear on any given Keynesian Economics 101 textbook and you should be ok.
And just remember: BTFD, and have faith in the Fed, and you won't be suspected of harboring pro-ISIS thoughts!
The video that was "made by ISIS" and which is really just a 55 minutes crash course in Austrian Economics - which is now apparently equivalent to terrorism - can be seen below, at least until the website administrator removes it because it is too evil, and anyone caught watching its evil anti-Fed message deserves to be droned.
The Rise of the Khilafah and the Return of the... by golddinar
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Better yet, how about the Petro-shekel?
To a central banker, sound money is terror.
Collapsing fiat money is valhalla.
Is the CIA getting more sloppy with how obvious its psiops are?
They hate us for our fiat.
video, And it gone
This video has been removed as a violation of YouTube's policy against spam, scams, and commercially deceptive content.prepare for epic pm slam aka buying opportunity
Apparently Stackers are terrorist. Ray Dalio, Kyle Bass, Eric Sprott and ZHer's are terrorist. Janet Yellen, Ben Bernanke, Lloyd Blahefein and Jammie Diamond are good.
Did IS adopt these ideas from ZH or vice versa? Either way, ZH and IS are now one the same page. It has become crystal clear that ZHedgers are terrorists. Are you ready for the FEMA camp?
Please Please You jihadizez ===> USE BITCOINs!
Although I am as anti-fed as you can get, I don't think the gold standard is the answer. I believe in free markets and think competing currencies are the way to go.
Interesting video, I learned something new: At 07:33 it informs me that Allah created Gold and Silver as standard mediums for the exchange of goods and services.
NEXT Mainstream Headline: GOLD-Crazy ISIS INVADES Tunnels Around NAZI GOLD TRAIN...
Tyler, the coins are probably all at the bottom of the Euphrates.
Realmoney,
Silver also has a 4,000 year history as sound money - chosen by the people (market).
Copper is also historically a monetary metal.
Agreed that money is determined with time and usage by people.
(of interest perhaps - check the alignment of gold, silver and copper in the periodic table).
AWESOME....
What a great opportunity for the CIA to start minting Tungsten Islamic State coins with only a thin veneer of actual gold.
When a HUGE number have made it into circulation, then start spreading the word that the Islamic State leadership is corrupt.
Brahahahahahahahahahahaha
"Islamic State leadership is corrupt."
The first honest post you've had, seeing that ISIS=israel.
BTW, the terror that will be experienced as the fiat money system and rigged markets inevitably fail will far surpass any other brand of 'terror'.
The idea that sound money that prevents collapse can be equated with terror is a joke.
Allahu Goldbar
those sneaky Islamo-bastards...
I'll bet they enjoy eating food too!
Ahhhh....
The faggot Jew hater awakens....
It's "Jew hate" to say, regardless of evidence, that Israel has engaged in subterfuge to commit some crime?
Go tell some of the guys from the USS Liberty that.
If you make it back, why don't you find a nice, cozy spot to go fuck yourself?
Hardly. Just the nemesis of the jewish con men such as yourself. 'tis time for your klinghoffer cocktail. Step right up...
Well, it's happend for a while with american eagles etc.:
http://marketdailynews.com/2013/05/07/silver-coin-dealers-are-reporting-...
Kami, your thnking is evil--I love it!
Home of the Original Boating Accident.
Someone should make a bitcoin version of this video, not with islamists and guns, but nerds hacking computers.
Next time you drop a duce, stand up and turn around. Now you are face to face with allah.
@ uSA...
#1 War On Terror
#2 War On GOLD
FREEGOLD
Free markets will choose the gold standard, so the distinction is academic.
Gold isn't an arbitrary choice.
Yes end the fed. They create currency in the form of debt for tax payers. It's not a coincidence that the IRS was created right after the fed was created.
Gold standards don't work becuase if you don't hold it you don't own it and eventually enough people figure that out or get anxious and ask for their gold or silver to find out its all gone.
Use free gold, silver, and copper as competing currencies.
Competing currencies based on what standard/basis. There is no doubt PM's have full intrinsic value and make a great deal of sense for valuing a transaction. However, a country has other assets than PM's that need to be used in establishing a value of a country's currency. In order to create a standard to determine the value of a country's currency there must be someone/something establishing and monitoring the asset base of said country. The IMF makes sense for an international standard, but the question is whether they can, with their handlers, be trusted?
Well, this will be interesting, since actual PM's are starting to become popular among the slightly more clued in sheep. The really great part is they are actually pointing directly at the FED and so must not be allowed......
They Just fucked up and forgot to remove the made in Amerika label..
freedom of speech? not in america. you see it's all quite simple really. allow private companies to monopolize an area, and once it become a more or less "public space" by having the government flat out promote it as such, well well well, then it's easy to censor isnt' it? All the while, able to say "it's not the government".
this is just another form of privatization, which is in the end, just another name for fascism.
Billy with the Voneget avatar, we have disagreed about some points in the past, but that is fucking funny.
.
do the guys who are involved know how many billions they are tasked to kill? the elites have hired all the worlds special forces guys to kill their own faniliies.
"...released a video whose production qualities are nothing short of Hollywood..."
'nuff said
Not sure what you mean by that but as I have been telling anybody who would listen for some time now, this shows the real dangers that Austrian economics poses to our society.
It really comes home to roost now and hopefully, the authorities will take action before its too late!
I was reading that up to 15% of the population of France is already supportive of ISIS! France has a population of 67 million. This works out to about 10 million supporters of ISIS in France. But France only has a Muslim population of 5 million! Chew on that for a moment. Twice as many citizens of France support ISIS than the Muslim population of France! This is chilling. I link it directly to these insidious ideas about gold money, ending the Fed, etc.
What is to be done before France’s cancer spreads to America?
First, we must recognize the problem for what it is: a direct threat to our way of life. The youth are the battleground in this struggle. I forgot to mention that the above article regarding ISIS support in France said that among the youth, support for ISIS was as much as 37%. Here I would like to offer a solid proposal that could immediately neutralize much of the threat. Many of these youth are up to their eyeballs in debt for higher-educational loans. This debt is killing the next generation’s prospects for homes, starting families, in short the American Dream. Now, Mrs. Hilary Rodham Clinton has offered a common-sense proposal to address this issue. Forgive all that debt in one fell swoop. Think of the stimulus to GDP! This is just one proposal to defeat the enemy — and make no mistake, the enema has been correctly identified as the Austrian disease. You are unmasked, Australians in league with ISIS!
Lets all get behind the effort. This is war!
WTF are you talking about?
Either trolling or sarcasm. It's hard to tell sometimes, especially on the weekend......
I just linked this video to a email sent to the Clinton Campaign website to alert them to the danger with the suggestion that forgiving the student loan debt is one of the best ways to counter-act this menace. Mr. Trump and the Republicans should get on board this train before it leaves the station!
Hopefully, bringing exposure to the linkage between the Islamic state and the Austrian subversives will stop them in their tracks. We'll see.
OK, trollish sarcasm.....
Is that you MDB?
"Is the CIA getting more sloppy with how obvious its psiops are?"
The White House certainly is.
Behold the power of the Zionist jew media.
Not sure if you meant to lump Jews in with zionists though:
zionists and Jews are not the same. In my observation, the Jews I have met are not zionists. There are many zionist Jews - which need to be purged the same as any racist group - but not all Jews are zionists. Not all Americans of European descent are kkk, not all Hispanic American people are la raza, not all Americans of African descent are the black panthers or nation of Islam.
If we pre judge them - they will pre judge us, and I do not like to be prejudiced - neither do they.
Here it is, completely explained so that anyone can understand it
https://www.youtube.com/watch?v=lNIcAcrvi2M
Best and most important comment on this thread...
Well...
Israel Shahak: The Laws Against Non-Jews In 2 Minutes
https://vidrebel.wordpress.com/2011/11/18/israel-shahak-the-laws-against...
http://www.youtube.com/watch?v=YSy6ENVAJlY
http://truetorah.blogspot.com/2012/08/moral-problems-in-halacha-status-o...
http://www.talkreason.org/articles/gentiles.cfm
of course you are correct but judaism itself is an extreme religion that teaches that all nonjews are subhuman therefore free to be abused by the chosen ones. there are, of course, non practicing jews as with any religion but the practiing jews are taught to hate the goyim and treat them accordingly.
That 'hate' you speak of, manifests in the form of:
- Bribery
- Usury
- Deceit
Not according to Jesus Christ our Lord. We are all Gods children and we will all be judged by our creator Yahweh.
http://www.rense.com/general39/EUSTACE.htm
http://www.veteranstoday.com/2015/05/08/proposed-declaration-of-war-agai...
On ISIS ..
https://youtu.be/jE2_qmlKFVU
https://youtu.be/LUYy2AJwb1s
Are there any more questions?
I have a question - why would you ever use veterans today as a source?
Repent for your sins, love thy brother, let Yeshua into your your heart and be at one with Yahweh!
Much love to you all!
roger that, makin' it happen...
Specially just for you. George Carlin and religion.
https://www.youtube.com/watch?v=gPOfurmrjxo
buddha is better. all you have to do for salvation is be good, do good and think good in any way you see fit. oh, and absolutely no violence.
fuck you and all you Jewish Supremicists posing as Christians
{and I include the Scoffielders in that}
http://www.sweetliberty.org/issues/hoax/scofield.htm
Then again, fuck religion in general.
Fuck all that war bullshit , CIA propaganda and central bankers, but I want to get me some of them there gold dineros.
Gold propaganda going full tilt crazy retard, including buried train loads of Nazi gold and now terrorsts gold bugs.
May the real tin foil hat crowd please stand up!
Ours is a gold-foil fedora, and we be badder than Shaft. Can you dig it?
I prefer the Beanie Copter myslf.
It reminds me of when I was a drone.
Oh wait...........what did I just write?
http://www.tebianstore.com/product/66/gold-plate-beanie-for-kids
Did Rita Katz shoot this one? She does most of the green screen ISIS videos. Burning Jordanian pilots, drowning hostages in murky water. So fake. F them.
Another video made at Langley to get people to hate the gold standard since ISIS supports it.
You must be murderous and barbarous to support the gold standard.
Next a video from ISIS supporting cash. And another insisting that the Fed be audited.
LIBYA'S GOLD DINAR, OIL FOR GOLD KILLED GADDAFI ?
http://havacuppahemlock1.blogspot.com/2013/02/libyas-gold-dinar-oil-for-...
Next thing you know ISIS will be quoting Thomas al-Monticello.
I am so glad YouTube's thought police are on the beat and have censored this video. If it's deception they are concerned about, they should include every mainstream news outlet.
Propaganda is such a wonderful device.
So, I presume ISIS will now back their words with actions and only accept gold as payment for it's oil.
Wonderful! ;-)
Damn man,do you know what this means ??? We are going to have to take turns diving to the bottom of the lake everytime the car needs a fillup !!!
This just reinforces the reality that we all know to be true. Keep stacking.
That argument always made perfect sense to me - not Ghaddafi at first, but Hussein primarily, and the bizarre, trumped-up reasons for going into Iraq, when, if the the power brokers were to have remained true to their original story, they would have annexed Saudi Arabia by September 13th, 2001... I scratched my head for quite a few months trying to square that circle, until I came to understand the gold/$USD/oil triangle. It sorta fell into place by itself after that...
Why am I not surprised?
Anything contrary to bankster statism is obviously terristic.
Metals, cash, guns, gardens, rainwater ... terrist
Debt, credit cards, scissors, gmo, flouride ... good compliant serf
Take those thoughts to their natural conclusion - that when this festering shit show finally does collapse, and all that we have said comes to pass - we will be 'outed'. Trod out as a sacrificial lamb
I can hear it all now - 'these people, they bet against you, against US... They revel in our misery - while you have no job, can't afford food on the table, your house is being taken... these assholes are buying up all the hard assets they can for a song! I'm telling you, if they had just bought in, like you and I did, NONE of this would have happened etc etc.'
Best to start telling everyone you liquidated your metals and btfd in the dow or something...
Well now...shit be gettin' real!!
When it starts getting this flagrant, see above ^^^
I'm thinking Nude and smelly here. So, flagrant in my world is a linguistic smelly butt.
Good visual, but I lost the context.
So the 5 dinar coin has only twice as much gold as the 1 dinar coin….fractional reserve coinage?
Don't be anti-Semitic simply because you see Ebonics in action in the ME and since Arabs are Semitics.
Hm... well maybe you could be critical of both Joos and Arabs... that would work.
According to the video, @~45:00
1 dinar (21 karat) = 4.25 grams
5 dinar (21 karat) = 21.25 grams
typo was from Bloomberg, and quoted by the Tylers
Where can I trade one '5 dinar' gold coin for five '1 dinar' gold coins?
Yea, this is a bag job from CIA. Goldbugs will be rounded up, all wealth conficated, children put into social services, dog shot, Leavenworth for adults!
SNAFU?
Nothing quite like having the wrong person say the right thing. Cognitive dissonance ensues.
In Jesus time they used Gold and silver, the jews sold him out for 40 peices of silver. They fully support fiat and fag marriage now a days and will curicify your ass for your silver.
Highlighting pieces as they weren't even ozs.
Good news, he came and died for our sins!
We can only go through Christ!
Just a moment - I haven't sinned yet!
I'm just building up to it. - I'll let you know.
Pride may cloud ones judgement. We were born into sin
I wasn't. My parents were married...
Eve bit the forbidden fruit.
Ok, so adam and eve had 2 sons. One killed the other and left to the tribes of the east. Go figure....
And the rich used to pay in gold and silver to have their sins forgiven. Since that time god refused fiat and now you have to say 10 hail mary's etc..Time for you to get on your knees and REPENT!
They were Neanderthal tribes and that is why my back is so hairy !!!
Then Eve has a problem. I don't believe in either collective or heriditary guilt. Unlike so many ZHers.
Specially just for you. George Carlin and religion.
https://www.youtube.com/watch?v=gPOfurmrjxo
Jesus does not care if you go through Budda or Sung Mung Moon for that matter to get to God, he just wants you to get there. Don't use my statment to make a narrow minded American Christian one.
That is a lie.
"Salvation is found in no one else, for there is no other name under heaven given to mankind by which we must be saved."- Acts 4:12
That name is Jesus Christ, and He alone, provides salvation.
you poor brainwashed fool.
Buddha was just an ordinary man, not a god. Contrary to popular belief, Buddhism is not a religion and has no bible.
Not arguing your point but we have a creator, the beginning and the end, the alpha and the omega. My God has already shown he is a true God. We will all meet our maker! Praise be to God, his son Yeshua and the Holy Spirit!
sold him out for 40 peices of silver.
Thirty.
So you were there? Is that you Iscariot ?
"Then one of the twelve, named Judas Iscariot, went to the chief priests and said, "What are you willing to give me to betray Him to you?" And they weighed out thirty pieces of silver to him. From then on he began looking for a good opportunity to betray Jesus." - Matthew 26:14-16
This fulfilled a prophecy regarding the thirty pieces of silver given to Zechariah after his work as a shepherd. He went to those he worked for and asked them to pay him what they thought he was worth. They gave him thirty pieces of silver, which he sarcastically calls a “handsome price” because it was such a small amount (Zechariah 11:13)—the price paid for a slave’s accidental death. The employers meant to insult Zechariah with this amount of money. Returning the insult, God tells Zechariah to “throw it to the potter,” and Zechariah tossed the money into the house of the Lord to be given to the potter.
These actions are a shockingly accurate and detailed prophecy, for when Judas Iscariot bargained with the leaders of Israel to betray the Lord Jesus, he asked, “What are you willing to give me if I deliver him over to you?” The murderous cabal then counted out for Judas “thirty pieces of silver” (Matthew 26:11). That’s all they considered Jesus to be worth.
Later, Judas was overcome with guilt for betraying Jesus, and, fulfilling Zechariah’s vivid prophecy, he threw the thirty silver coins into the temple (Matthew 27:3–5). The Jewish leaders used the thirty pieces of silver to buy a field from a potter, again as Zechariah had predicted (Matthew 27:6–10). It was in that field that Judas hanged himself.
Zechariah was written over 550 years before Judas betrayed Jesus Christ, and it was fulfilled- just like all the hundreds of other prophecies about Jesus Christ.
Not THE Jews. A Jew. Remember he had quite a few Jewish followers.
Then cried they all againe, saying, Not this man, but Barabbas.
Perhaps more than a handful but the JEW leadership of the day was clearly responsible for his murder. Why the hell do you think to this day they deny everything about the man.
Gone already...
The gold standard. A 'terrorist's position'. It's still better than fiat, Lucifer's position.
ISIS= Gold Standard
Gold Standard=ISIS
= Terrorist
Brainwashing the sheep.
Fuck the zio created ISIS.
The Sand People have spoken.
Sandpeople always ride single file to hide their numbers.
And these blast points [acts of terrorism], too accurate for Sandpeople. Only Imperial stormtroopers [CIA agents and assets] are so precise.
You mean they ride side saddle.
No, we mean they trained your mom so there's not telling which one is your daddy.
.
We have met the enemy and he is us.
http://www.bloomberg.com/news/articles/2015-08-29/islamic-state-finds-gold-coins-are-a-steal-as-throwback-currency
Islamic State Flips Gold Coins to Break Fed `Enslavement'
Zaid Sabah Caroline Alexander August 29, 2015 — 2:46 PM MDT Updated on August 30, 2015 — 12:34 AM MDT`Return of the gold dinar' follows battlefield setbacksGold likely to have been seized from banks, stores, Christians
Forget the printing press. In readying for the rollout of Islamic State’s new money, goldsmiths and silver smelters have been toiling away.
The jihadist group on Saturday touted “the return of the gold dinar” in an hour-long video issued by its media wing, al Hayat. Islamic State’s policy-making Shura Council last year tasked its Beit al Mal, or treasury, with minting the coins, which come in several denominations made of gold, silver and copper.
Damas, golden dinar bearing the effigy of Umayyad caliph Abd al-Malik
The currency is meant to break the shackles of “the capitalist financial system of enslavement, underpinned by a piece of paper called the Federal Reserve dollar note,” the group said in the video. It didn’t explain where the coins were being minted, nor how they’ll be distributed or replace currencies circulating in the territory the group occupies in parts of Iraq and Syria.
Islamic State first announced its intention to issue its own money in November, five months after it seized the northern Iraqi city of Mosul and its leader Abu Bakr al-Baghdadi announced a caliphate. The move was seen by analysts as part of the group’s efforts to build the institutions of a functioning state.
The jihadists have amassed a war chest of millions of dollars, partly through collecting taxes, and by seizing oil refineries. Bank and jewelry store robberies, extortion, smuggling and kidnapping for ransom are other important sources of revenue for the group, which metes out brutal punishment to anyone who opposes its rule, including beheadings and crucifixions.
Morale BoosterBaghdad-based economist Basim Jameel said the announcement is an attempt to boost the morale of Islamic State fighters, who have suffered battlefield setbacks in recent months, including the loss of Tikrit in March.
Minting the coins is relatively easy, Jameel said, as goldsmiths in Mosul imported machines from Italy in recent years, each one able to produce about 5,000 coins a day. The metals probably come from banks the group seized, ransoms, the homes of Christians and other minorities who fled, he said.
In the video, Islamic State refers to Caliph Abd al Malik ibn Marwan, who introduced the first Arabic-script coinage of the Islamic empire, free of figural representation, in around 696 AD.
The group said its 21-carat 1-dinar coin weighs 4.25 grams, while the 21-carat five-dinar coin weighs double that. Three dominations of silver dirhams and two of copper coins were minted for smaller transactions, it said.
Exchange Rate?Each coin bears an inscription that reads, “The Islamic State, a caliphate based on the doctrine of prophecy.” The 1-dinar coin also shows seven stalks of wheat, which the group said is meant to represent “the blessing of spending in the path of Allah.” The five-dinar coin bears the image of a map of the world.
Oil, the group said in the video, will now only be sold for gold.
The Pentagon said in February that illicit oil sales are no longer the main source of funding for the group. A U.S.-led bombing campaign that began last summer reduced the number of fields under its control and several neighbors, including Turkey and Kurdistan, have cracked down on smuggling routes.
Residents interviewed by phone from Mosul and Ramadi, the western Iraqi city captured by Islamic State in May, said so far they hadn’t seen any coins, received details of how the currency swap would work, or been told what the prevailing exchange rate might be. They said families have been preparing for this moment for some time.
One Mosul resident, who asked not to be identified, said his family and others will exchange a certain amount of old money into the new Islamic State currency to pay household expenses. Some will keep back a portion of the old currency to exchange into dollars in areas that remain under government control, he said.
Because Islamic State is classified as a terrorist group, the coins can’t be traded legally.
“They’ll only be used in these areas and people will only buy these coins for their daily needs and expenses,” said the economist Jameel.
“Nobody outside their control will accept the currency and I don’t know how they’ll keep up with demand, as they are losing resources day after day,” he said. “At the end of the day, this is a media propaganda tool.”
hahaha, libertarian nightmare!
The Allah fanatics think like the gold fanatics.
It won't take long for the FED and the NSA to say : what walks like a duck and quacks like a duck has to be a duck!
Gold is now declared terrorism's blood line !
McCain have you managed to convince Saud that the greenback has to stay Saud's talisman?
A long shot for alleviating neo-con despair.
Easier to short libertarians for their gold nuts then it is to convince Saud to stay $ faithful.
If the petrodollar falls McCain can go retire in Arizona. His Saud adventure will be another US failure like his Nam experience---You can hear him sing in the corridors of power : "I tried, I sang 'we are the champions' but we lost the penalty shoot out in Syrac. Tuff shit. Usain Bolt is not a US athlete and it now shows up to the whole world. We've lost our magical look of Carl Lewis. Hey, it means Obama is not Reagan!"
Bitter lemons, all squeezed out of ! Before the next storm.
funduhmental is as funduhmental does, but the "kingdom" knows what is keeping their heads attached to their necks.
hahaha, libertarian nightmare!
Why a nightmare? We want to trade with them, not fight with them. We trade for gold.
This has some eerie assimiliation to Assissins Creed archetype. ISIS = today's modern Assassins, fighting the elite of the Knights Templar. Hah. Interesting!
You should be exercising instead.
Just as I thought. The US Mint is a terrorist organization.
who'd a thunk it, the us mint has been setting us up all along
Quite funny to me people actually believ the whole ISIS thing is real and not some farce of a production. They're like that guy in Iron Man 3.
The seemingly genuine smiles and expressions of relief on the faces of the "folks" holding the new coins (starting at the 47:45 mark) demonstrate one thing to me...
their crisis actors are much better than ours
“This video has been removed as a violation of YouTube's policy against spam, scams, and commercially deceptive content.”
Right up there with burning/banning books - embarrassing to be an American today.
Removal will just make it more popular and give it validation.
And make the price scoot up. There is profit motive here.
At least Youtube is telling the truth.
It is spam. It is a scam. It is commercially deceptive content.
You know it's coming, everyone that holds the shiny will be targeted which is why you hold in silence. You can't save people, they wont listen anyway. This will probably happen right after 100,000 people begin winning the lottery every week or the helicopters start flying or some other unimaginable stupidity.
You know it's coming, everyone that holds the shiny will be targeted which is why you hold in silence.
Let them try. If they can turn marijuana into a valuable commodity, imagine what they can do for gold.
This reminds me of the Abbot and Costello routine "Who's on First." https://www.youtube.com/watch?v=airT-m9LcoY
ISIS is financed with western money so it can trash western money. Who is on first. What is on second. I don't know is on third.
Was Krugman behind this? The US pays money to fund terrorists to destroy US property only to have the US eventually replace the destroyed property. Sounds like a way to run an economy.
If it weren't for the religious persecution and property confiscation, I'd think those guys were on to something. Sucks when you have the choice of bieng pro Fed or pro ISIS. Option 3??
False dichotomies are fuel for the brain-dead. Yes kids, divide-and-conquer really is that easy.
Option 3??
Yes, infinite, but you have to be adaptable as an organization and adapt at quicker and quicker speed.
1. Sweeping Banking Reforms
2. Sweeping National Campaign & Lobbyist Reforms including Gift Giving of any kind
3. Sweeping Foreign Policy reform, to not invade or attack people with no army, navy, air force and not to fight terrorism with armies, navies, or air forces in conventional style war fare which costs a lot in ordinance and logistics, but rather adopt a crime fighting budget like the FBI
4. Sweeping Audits to determine the many subsidies by the national government and eliminate the waste and gifts to big corporations or friends of the administration
5. Demand Accountability for the Stewardship of the World Reserve Currency... audit the FED.
6. Identify Infrastructure as preferred Investment by FISCAL Policy, small businesses, STEM Employee Projects, shift from expensive Military operations and Weapons
7 Federal Reorganization would target taking money from crony contracts and move funding to building the USA Security in the form of Infrastructure.
8 National Stockpiles and Reserves are a good thing to fund as well as Public Utilities as long as they have low overhead and not private executives
9 Health Care is dangerous and too expensive, requires audit and cuts to executive compensation and overhead known as Administrative costs.
Usury is the crime. The Fed is the enemy of the people. An enemy can see the moat in your eye.
God says so!
The fed is nothing more than Satans toenail clipping.
Much love!
Usury is only a crime if you make money off ‘lending to your brother’, so Jews got around this because they only consider other Jews their brothers, the rest of us are just sheep to be sheered.
"Mote in your Eye" was the original I think.
Basically the same I guess.
If it was real money the 5 dinar coin would weigh 5X as much as the one dinar coin. Who ever wrote the script does not understand money or math.that's the tell on the real author. the zionazis can't help but create money out of thin air.
So the US created ISIS and ISIS just took creit for 911 did the "PTB"/CIA just own up for 911 atfer all these years !!!!!!!!!!!!!!hahahahahahaha
The law of the cycle. Up phase, followed by down phase.
100% of bubbles burst and deflate, as they are a cycle.
Spain brought back a bunch of gold from the Americas. They went broke eventually.
If a gold standard is sound money, why isn't everyone on a gold standard? The U.S. was on a gold standard in 1929, yet a Great Depression occurred over the next few years, due to debt run up during the Roaring 20's. A gold standard didn't prevent the 1920's boom and crash.
You need to read up on the "Gold Exchange Standard" and you'll soon be answering your own questions, rather than asking ones that are devoid of reality.
you forgot to mention that brand new .org formed just prior to the 1921(?) crash called the federal reserve bank which introduced fractional reserve banking compromising the natural limit on money supply forced by the gold standard. also, the price of gold was fixed at 20 bucks. in other words, the fed gamed the system and an entire generation of poor working stiffs, like you, suffered austerity for the banks' benefit.remember how fdr immediatly devalued the dollar by 75% by changing the fixed gold exchange rate from 20 to 35 dollars to make up for all the extra dollars the fed printed?
try again.
JFK was moving to remove the Fed from printing our money, (Executive Order 11110), and you saw exactly what they did to him.
And think harder...
Valid Question since the Official narrative of the US Great Depression seemed to be that the USA was the last to come off the Gold Standard and the Last to begin recovery of it's economy. Various other factors must be explored as well like the end of Silver Certificates used by US Farmers during the period of time without a Central Bank. It seems banks wanted power over the populous all along. They saw weakness in US Farming and how dependent Farmers were on the Market, market prices, commodity prices, and credit in order to plant again in the spring time.
At least that is how I read it. Banks began issuing Gold Certificates which farmers could not use to finance planting since the values were too high... or so I heard from Bill Still in his video about the Wizard of Oz.
So what are we focused on:
1. Liquidity
2. Credit
3. Velocity of Money Stocks
If the economy is in recession or depression the velocity of money slows and this causes dramatic effects on households and businesses... we also see liquidity problems and credit problems as well as calls on debt and lower financial ratings.
4. Who gets to say what Financial Instruments are valid and Accepted and Respected?? Fiat is a financial instrument and is useful for finance of large projects and large building investments or factories...
- Why can't partial Gold Holdings be a base of Fiat or other Financial Instrument... behind investments in buildings, developments, factories, financial institutions, whatever??
- Why would you hurt the core of the US Economy, the Small Businesses, by limited financial instruments to high value gold certificates or expensive insurance or... place tough regulations to hurt farms, the food chain, small businesses though limits on the kinds of bonds, insurance, or certificates that they can access???
- Power thrives in the USA, it targets wealth, pools of money, pools of funds, small banks, small investors, pension funds, retirement funds, it... actively destroys financial ratings, it destroys GAAP Accounting Concepts, it destroys democracy in national politics, it captures US Agencies who regulate the Industry, it captures court systems... blah, blah, blah... on and on.
Power appeared before the Central Bank since we already had Banks and European Opportunists.
It is just human nature.
And human nature is why we expect Fraud, Cronyism, and Sedition/Treason by the Wealthy.
ISIS is realy hellbent on running us to the ground on every level.