There are reports that the Islamic State [ISIS/ISIL/Caliphate] - TopicsExpress



          

There are reports that the Islamic State [ISIS/ISIL/Caliphate] plans on adopting a gold standard – issuing solid gold and silver dinar coins. dailym.ai/1pNcyLm It is said the purpose of this terrorist money is to devalue Western currencies. bit.ly/11ifuVp I dont buy it, the Western governments, and their central banks, are already doing a fine job on that score. Besides, the political class of the Caliphate is not going to hand out gold-backed currency to its subjects. Not going to happen for the same reason the political class in the West finds gold backed money dangerous. Rep. Howard Homan Buffett (R-NB) [ Warrens Dad bit.ly/1zJYHIV ] explained in a 1946 article entitled Human Freedom Rests On Gold Redeemable Money bit.ly/1szOwim (pdf file). What kind of political class, of any brand, wants something as dangerous as that?
Posted on: Wed, 12 Nov 2014 18:22:00 +0000

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