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"Islamic State Announces Its Own Currency That Will Be... " Topic


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Tango0113 Nov 2014 10:40 p.m. PST

…Backed By Gold, Silver, And Copper.

"CNN) -- ISIS is planning to mint its own currency in gold, silver and copper, the group said Thursday.

Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.

The currency will include seven coins: two gold, three silver and two copper.

The move is "purely dedicated to God" and will remove Muslims from the "global economic system that is based on satanic usury," ISIS said…"
Full article here
link

Amicalement
Armand

Black Guardian13 Nov 2014 11:44 p.m. PST

I hope they keep detailed records of their financial experiment, this could be an interesting subject for scientific study… Gold Standard currency in a fiat-money surrounding, letīs see how long they can hold it together.

zippyfusenet14 Nov 2014 5:37 a.m. PST

Indeed. Classical theory holds that this will drain them of all their bullion very quickly.

Pedrobear14 Nov 2014 5:41 a.m. PST

I guess Libertarians must be feeling rather conflicted now…

OR

Kill people, take their stuff, use a currency of gold, silver and copper… sounds like my old D&D party!

Personal logo Murphy Sponsoring Member of TMP14 Nov 2014 5:44 a.m. PST

So they are true "Murder hobos"…..

Only Warlock14 Nov 2014 7:37 a.m. PST

I thought they just used severed heads as currency.

darthfozzywig14 Nov 2014 7:43 a.m. PST

Pedro, Murphy, and Warlock – can't. Stop. Laughing. :)

Cyrus the Great14 Nov 2014 8:55 a.m. PST

What? No gold-pressed latinum?

Personal logo Legion 4 Supporting Member of TMP In the TMP Dawghouse14 Nov 2014 9:18 a.m. PST

Yeah, we'll see how good they are at actual "economics" …

boy wundyr x14 Nov 2014 9:40 a.m. PST

Doesn't having an exchange rate tie them right back into the tyrant's financial system?

Phil Hall14 Nov 2014 12:43 p.m. PST

The exchange rate will be set by the precious metals market.

14Bore14 Nov 2014 3:35 p.m. PST

Here I thought they might have gone with the Bitcoin.

capncarp14 Nov 2014 5:44 p.m. PST

Considering their terror-generating activities, I should think ISIS/ISIL would best be funded by this:

link

link

Cyrus the Great14 Nov 2014 11:32 p.m. PST

Maybe Quatloos?

Personal logo Legion 4 Supporting Member of TMP In the TMP Dawghouse15 Nov 2014 8:55 a.m. PST

Monopoly has it's own currency too …

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