Thursday, November 13, 2014

BREAKING ISIS Unveils Its New Gold-Backed Currency To Remove Itself From "The Oppressors' Money System"

The Islamic State is set to become the only 'state' to back its currency with gold (silver and copper) . ISIS says the new currency will take the group  out of "the oppressors' money system."

RW Note: Has ISIS found the achilles heel of US arrogance? I predict this is not going to stop with ISIS. Watch for other countries, perhaps Russia and Iran, move in this direction.

Sanctions and other economic muscling by the US is forcing other countries to seek alternatives to the dollar. It is a cloud hanging over the head of the US dollar as a global reserve currency.


  1. Now they have guaranteed a 2nd U.S. Invasion of Iraq.

  2. Somebody had to figure it out sooner or later. Kind of like the USS Donald Cook getting its ass kicked virtually by an SU-24 and their latest electronic warfare equipment.

    This is all blowback due to our empire and its hegemonic tactics. The bigger they come, the harder they fall.

  3. Wow. Now anyone advocating for sound currency can almost credibly be lined to terrorism. How very convenient.

  4. Robert,

    Does this monetary system perpetuate the errors of bimetallism and with copper the compounded error of trimetallism?

  5. I do not read arabic. What are the weights and purities of this specie?

    1. I'm not clear that it is specie. If it's specie, then we'll know they're serious.

  6. RW - just heard a quick news bite while listening to my local fox news station... they mentioned that ISIS is introducing Silver and Copper coins.... NO mention of Gold coins, thought that was revealing