Posted on 07/06/2016 5:12:05 PM PDT by Fali_G
ISIS is now issuing its own currency referred to as the ‘Golden Dinar,’ with engravings bearing the words “Islamic State.”
The coins, currently being released in limited quantity, are to primarily be used by traders in the oil industry in areas under Islamic State control, according to reports on jihadi online forums.
Activists in Deir ez-Zor, Syria reported oil traders have been ordered to use the new Dinar when purchasing from ISIS-held oil fields.
Reports from the Iraqi city of Mosul have indicated the Golden Dinar is being introduced to the currency market as part of a serious attempt to replace the dollar, London-based Arabic daily Al-Quds Al-Arabi said.
In an online forum post seen and translated by The Foreign Desk, a German jihadi boasted that even as the U.S. and her allies continue to hound the Islamic State, the group has shown resiliency, rolling out the new currency in past days.
The jihadi posts what he says are 1,2, and 5 Golden Dinars and hopes this currency will ‘bring about the collapse of the U.S. dollar’ and the ‘demise of the U.S.’
(Excerpt) Read more at foreigndesknews.com ...
I will see your Tubmans and raise you 50 NotSoSharptons.
That and $10 will get you a cup of ... something they call coffee ... at Starbucks.
Fine, don’t buy oil from countries trying to force us to use it. We only spend about 3% of our money for oil over there anyway and it is to keep them able to buy food because they can’t feed themselves. They sure can’t eat oil. Make you wonder why Obama and the libs killed the Canadian oil line so we couldn’t buy to sell oil from our biggest supplier of petroleum, doesn’t it?
red
Just the fact that there are ISIS controlled oil fields makes me suspect that the military campaign against ISIS is at most a half-hearted cover for tolerating them in some other role.
If Trump is elected, he should move quickly to end both situations, and his administration should pursue all leads to discover what exactly has been going on these past eight years. I think we can guess, but of course guesswork won’t stand up in court.
OK - so what is your solution to the problem? Maybe go back to the gold standard???
Bingo. Which is why I do not own any gold. In the case of a national disaster, what is it going to get you? Just do not know...
That would be gold weight, not gold mass. Big difference.
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