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ALEPPO, Syria, Nov. 13 (UPI) -- Here's what every caliphate apparently needs: its own money, so Islamic State leaders plan to mint their own gold, silver and copper coins. The decision aims to remove Muslims from the "tyrant's financial system" and a global monetary operation "based on satanic usury," said a statement by the Islamic State's Beit al Mal, or treasury, and posted on websites used by jihadist movements. The exchange rate of the new currency — which will consist of seven coins — and where it can be found will be spelled out in a future statement. Unlike many...

CAIRO (AP) — The leader of the Islamic State group has ordered the terror organization to start minting gold, silver and copper coins for its own currency — the Islamic dinar. A website affiliated with the group posted the order late Thursday, saying IS leader Abu Bakr al-Baghdadi instructed his followers to mint the coins to "change the tyrannical monetary system" modelled on Western economies that "enslaved Muslims."

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 appears the rumors are true. Islamic State is set to become the only 'state' to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group out of "the oppressors' money system." As Zaid Benjamin notes, ISIS releases details of its new currancy with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils It seems Alan Greenspan may have been on to something after all... "Remember what...

The rule of the African National Congress (ANC) in South Africa since 1994 has been marked by a widening chasm between poor black people, the majority and a tiny black elite, who get richer and richer. A quarter of our children are so badly malnourished that their brains are stunted for life. Amid this terrible hunger, President Cyril Ramaphosa lives in fabulous splendor. He is said to be worth 6 billion rand (around $350 million). He has mansions in the rich parts of South Africa. He has a fleet of luxury cars. He owns a game farm of 11,120 acres....

Is the Chinese economy collapsing? Or is something worse waiting in the wings?The short answer is that we could be looking at something much worse than a crashing economy. China could be part of a collapse of the global monetary system.We’ll begin the analysis with the latest official economic releases from China. These releases showed some of the weakest performance by the Chinese economy since the 2020 pandemic collapse.Things Aren’t Looking GoodIndustrial production growth for October declined to 4.9% (year-over-year) from a prior level of 6.5%. This was the weakest reading since August 2024. Some sectors receiving state support such...

China’s CIPS payment system now operates in 185 countries, enabling yuan-based trade outside the dollar. 52 trillion yuan in transactions were settled through CIPS in 2023, covering 58% of China’s cross-border flows. BRICS launched a yuan-pegged stablecoin and plans rupee bonds to expand use of local currencies. The BRICS-linked Cross-Border Interbank Payments System (CIPS) has expanded across 185 countries, allowing international payments in Chinese yuan without using the U.S. dollar, according to data from the New Development Bank (NDB). CIPS was launched by China and managed by its central bank as “a real alternative for global trade settlements.” At the...

On Oct 25, Xue Jian, Consul General of China in Osaka, used “beheading” language toward U.S. @SecWar Pete Hegseth. This must be translated and reported to the U.S. government. A China diplomat threatening to behead a U.S. official should be widely exposed!

Donald Trump is often described as a “populist,” a “nationalist,” or as someone who sits outside the traditional ideological categories. However, when one examines his foreign policy closely, a different picture emerges. Trump is, in practice, a neoconservative. He is not a neoconservative in the sense we once knew: he does not cloak American interventions in the language of democracy promotion, human rights, or universal values…What makes him distinctive is not the substance of his policies, but the way he frames them, stripped of the moralizing tone. Oddly enough, this makes his foreign policy more transparent—and perhaps, in some ways,...

Today, in accordance with the law, I am presenting the Monetary Policy Guidelines for the next three years to the State Duma for its consideration....Investment has been rising for the fifth year in a row. Since the start of 2022, it has increased by 25% in real terms, adjusted for inflation. This year, the growth rate has slowed, which is a natural development at such a high level.....What is driving this continued investment growth? It is primarily financed by corporate profits – by companies’ own resources. This is normal and consistent with global practice. This year, profits in the real...

-BHP will begin settling 30% of its iron ore spot trades with Chinese buyers in Yuan starting Q4 2025, marking a historic departure from U.S. dollar pricing. -The move follows pressure from Beijing, signaling China’s strategy to internationalize the RMB and weaken the dollar’s hold over commodity markets. -Australia faces rising concerns over currency risk, trade dependence, and the geopolitical implications of aligning with China’s de-dollarization agenda. In a landmark move that could reshape global commodity markets and impact iron ore prices,...

TIRUPPUR, India — If the tag on your T-shirt says “Made in India,” there’s a good chance it came from this southern industrial hub — long known as “Dollar City” for its dominance in the U.S. market. Now, just seven weeks after the Trump administration imposed a 50 percent tariff on Indian exports, many of Tiruppur’s garment factories have ground to a halt. The slowdown has rippled through a vast network of hulking plants and small workshops, which employ more than 600,000 people. Thousands of fabric cutters, thread trimmers and sewing machine operators are suddenly out of work. “Production has...

Moscow has proposed a 70-mile Elon Musk-built 'Putin-Trump' rail tunnel which would link Russia and America. The tunnel, which would go under the Bering strait, would unlock joint exploration of natural resources and 'symbolise unity', a Kremlin envoy said. The proposal has suggested using The Boring Company, a US tunnel construction company owned by Elon Musk, to construct the $8billion bridge. It comes as the Kremlin desperately tries to stop Donald Trump from providing crucial Tomahawk missiles to Ukraine. Kirill Dmitriev, President's Vladimir Putin's investment envoy and head of Russia's RDIF sovereign wealth fund, said Moscow and 'international partners', including...

The U.S. is awash with scam text messages. Officials say it has become a billion-dollar, highly sophisticated business benefiting criminals in China. Your highway toll payment is now past due, one text warns. You have U.S. Postal Service fees to pay, another threatens. You owe the New York City Department of Finance for unpaid traffic violations. The texts are ploys to get unsuspecting victims to fork over their credit-card details. The gangs behind the scams take advantage of this information to buy iPhones, gift cards, clothing and cosmetics. Criminal organizations operating out of China, which investigators blame for the toll...

An Australian woman has sparked a heated online debate after calling out members of the Indian community in Melbourne for allegedly dumping trash into a local water body following a festival. Her post, which quickly went viral on X, drew both outrage and reflection from users worldwide. The woman, who goes by @TruthFairy131, did not hold back in her criticism of residents in Mernda. Referring to them as “filthy pigs,” she wrote: “Shame on you for dumping all of your rubbish into our waterways after your Indian Festival last Saturday. You would want to get down there ASAP & collect...

YT: Victor Davis Hanson rips away the illusion. China claims ancient superiority, but its military is nothing more than a knockoff of the West — from tanks and planes to tactics and strategy. Worse, Beijing exports its authoritarian model into our universities, silencing pro-Taiwan or pro-Israel voices while radicalizing students against America itself.

Beaver Crrek, Colo. – Canadian dealmaker Frank Giustra says the age of paper gold is ending as BRICS nations stand up a parallel financial system that routes around the U.S. dollar and prizes deliverable metal. “We’re now, believe it or not, in the era of hard money,” Giustra said Tuesday in a conversation with Alex Deluce of the Ontario-based bulletin Gold Telegraph at the Precious Metals Summit. “If you own paper gold, you do not own gold. When the crunch comes, it will not be there.” China and partners among the BRICS (Brazil, Russia, India, China and South Africa) nations...

Money laundering isn’t new — and neither is China’s role in it. Millennia ago, Chinese merchants developed schemes to “clean” the profits of commercial trade and avoid taxation. Today, their successors are doing much the same. Only now, they’re laundering billions through the U.S. financial system and fueling one of the deadliest fentanyl-fueled drug crises in American history. In a step in the right direction, the Treasury Department’s Financial Crimes Enforcement Network (known as FinCEN) issued a sweeping advisory on Aug. 28 warning that Chinese money laundering networks now represent “one of the most significant money laundering threat actors facing...

Iran's President Masoud Pezeshkian has criticised the UN's nuclear agency and accused western powers of "double standards" as he joined the leaders of China, Russia and North Korea for a military parade in Beijing. The Iranian leader was one of 26 heads of state in the Chinese capital for a once-a-decade event showcasing China’s growing firepower and diplomatic clout alongside its closest international allies. Mr Pezeshkian told Chinese state broadcaster CCTV he backed Beijing's drive to reform systems of global governing, which he said should take a multilateral and "justice-oriented" approach.

The Shanghai Cooperation Organization summit in Tianjin presented the West with a striking image: Indian Prime Minister Narendra Modi, Russian President Vladimir Putin, and Chinese President Xi Jinping together, projecting a rare display of camaraderie among the three major world powers.“Always a delight to meet President Putin!” Modi wrote in a social media post.The move was welcomed by Russia and China, who are actively challenging the United States’ position atop the global order.Xi proposed “a multipolar world” with a new SCO development bank, parallel to Western global institutions. This threatens to hurt the influence of the international order based on...