The terrorist ruling parts of Iraq and Syria have announced the introduction of their own money; the dinar coin in gold, silver and copper.
They believe the new currency will allow them to be free of the “Federal Reserve dollar note.”
Forcing the populace to only use their coins will make it easier to round up and execute those who horde and trade in the major paper currencies, while allowing fixing the value of their money to precious metals.
The downside, these metal coins should be counterfeited by the enemies of the Islamic State.
I read about this the other day over at Zero Hedge, and from what I understand, they haven’t even started stamping out the coins.
The 55-minute or so video is nice and sort of confirms the Austrian School of Economics…so all the Guilt By Association nitwits can call all of us Free Marketeers terrorists!
There’s a better way to free them from Federal Reserve Dollar Note–liberate them from life.
Imagine that, The Islamic State and the Federal Reserve, both synonymous with the word terrorism.
Mo money!
They are pure evil, but at least a few of them aren’t stupid.
Hey, Obama! You want to be like you heroes? Let’s go back to the gold standard!
Well ah’ll be… blind PIGS do find an acorn every once in a while. Should make Wall Street bankster asshats feel pretty foolish… 😳
Von Mises was right…common sense economics.
Copper and brass….the real monetary item
Good. Now let do what caused the Panic of 1896, the confiscation of gold by FDR in 1934 and Nixon to take us off the gold standard in 1974 – buy all their gold and bankrupt them.
We should be stamping out their coins in depleted uranium and leaving them all over the battle field. Let them enjoy a nice warm feeling from their dinars.
The fucked themselves now, Obama er, the Federal Reserve will never allow this. A real campaign of bombing will begin in short order.
I don’t know if the Iranian midget would let anything happen to her homeboys.