Posted on 11/14/2014 10:25:45 AM PST by Olog-hai
It has gathered its fortune through the tools of modern finance, but now Islamic State (ISIS) aims to mint its own coins.
The move is reportedly the brainchild of the ISIS leader, Abu Bakr al-Baghdadi, who has personally overseen the design of gold, silver and copper coins of the Islamic dinar to be used in his self-declared caliphate—as soon as the terror group can locate a mint and enough precious metals.
ISIS released designs of the coins and a breakdown of denominations. It claims the currency will free Muslims from a financial order that has “enslaved and impoverished” them. But it isn’t totally eschewing the mainstream economy, acknowledging that each coin’s worth will reflect the metal’s value on commodities markets. …
(Excerpt) Read more at theguardian.com ...
THEY’RE GOLD BUGS!...............BUY GOLD!.................
Should be easy enough for the US Government to counterfeit and flood the market with it. After all, that’s what they’ve done here.
Remember the scene in Lawrence of Arabia where after they defeat the Turks the Arab Sheik is digging through all the paper money left behind looking for gold.
El Aurens distinctly told Allenby he needed golden guineas
for Sharif Ali’s payroll.
hit their gold stash
Gold, silver, and copper coins are not “currency.” They are MONEY.
> acknowledging that each coin’s worth will reflect the metal’s value on commodities markets...
and the gold bubble has already busted.
U.S. dollar will “get a lot stronger than anyone can imagine”
http://www.freerepublic.com/focus/news/3226938/posts
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