ISIS Unveils Its New Gold-Backed Currency To Remove Itself From “The Oppressors’ Money System”

Just waiting to be put on a no-fly list and classed as a non-violent extremist but there’s no mention of bills of exchange…there is hope, though bare in mind that the ISIS psyop is doing well. I wonder who is buying their oil and thus funding the ‘terrorists’. Courtesy of ZeroHedge:

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.”

image

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

image

* * *

It seems Alan Greenspan may have been on to something after all…

“Remember
what we’re looking at. Gold is a currency. It is still, by all
evidence, 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.

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