ISIS says the new currency will take the group out of “the oppressors’ money system.”
As Zaid Benjamin notes, ISIS releases details of its new currency with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils.
— Zaid Benjamin (@zaidbenjamin) November 13, 2014
* * *
It seems Alan Greenspan may have been on to something after all.
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.
This article is brought to you courtesy of Tyler Durden From Zero Hedge.