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Title: Email address ISIS Unveils Its New Gold-Backed Currency To Remove Itself From "The Oppressors' Money System"
Source: Lew Rockwell
URL Source: http://www.lewrockwell.com/2014/11/ ... o-discredit-the-gold-standard/
Published: Nov 14, 2014
Author: Tyler Durden
Post Date: 2014-11-14 06:56:52 by noone222
Keywords: None
Views: 159
Comments: 9

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…

“Rememberwhat we’re looking at. Gold is a currency. It is still, by allevidence, a premier currency. No fiat currency, including the dollar,can match it.”

* * *

Of course this will mean more physical demand - along with Russia and China – and so more price suppression by the West.

Reprinted with permission from ZeroHedge.com. (1 image)

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Begin Trace Mode for Comment # 1.

#1. To: All (#0)

Paper / Digital fiat is the oppressor.

noone222  posted on  2014-11-14   7:02:13 ET  Reply   Untrace   Trace   Private Reply  

#2. To: noone222 (#1)

Fiat is OK until interest is charged, then it's insanely deadly to a country.

Lod  posted on  2014-11-14 08:16:27 ET  Reply   Untrace   Trace   Private Reply  

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