Isis plans to mint its own currency
- Thread starter Northboy
- Start date
Well, no. "Usury" is the charging of interest, or of excessive interest, on loans, so not really a genocide thing.
In what language does usury have anything to do with genocide?
No need to be embarrassed. Lots of people don't know what usury is. Or genocide, for that matter.
Minor detail as far as they're concerned. They read the Qur'an with their eyes closed.
....and trolls are a dime a dozen.
So taking life isn't a crazy rate of interest for the bastardization of a nutty ideal?
So taking life isn't a crazy rate of interest for the bastardization of a nutty ideal?
IS is pretty optimistic if it's already planning to establish its own currency. So not only do they read the Qur'an with their eyes closed, but they're completely delusional. For crying out loud, they don't have a single ally and all the neighbouring countries are against them to varying degrees along with the rest of the world. Delusional!
It seems the reason the west resists the gold standard is because it used it's reserves some time ago to suppress the gold and silver markets. This is about to end hence thee simmering war. I believe Harper squandered the Canadian treasuries last five tons some three or four years ago. Libya is a ruined former garden because they backed the African gold dinar.
Canada might be lucky as we can produce gold if there became a pressing need to do so. I haven't followed how much in gold reserves the Bank of Canada keeps at this time. It might be an interesting thing to consider in light of what ISIS is up to.
Yes, a metal standard (or in this case, multi metal standard) has economic advantages over fiat currencies, but I don't think that that alone will suffice to save IS, thank God.
I agree with you there, I doubt their currency will get a lot of traction and without exchange bourses the currency will have little use in international trade, but certain Muslim countries such as Egypt may accept a gold based Dinar, which will give them some trading partners.
Black market, perhaps. Even Egypt opposes IS.
They might like the currency, but they will still fight IS.
There is a faction in Egypt that just committed to joining ISIS. That would be the group I'm talking about. As you say, Black Market.
If ISIS manages to carve out some territory and calms down just a little, I figure most of the countries in the region will accept it. I also figure it'll go off the gold standard pretty quick.