www.youtube.com/watch?v=nNtIsSWVJBI
https://en.wikipedia.org/wiki/Gold_dinar
Damn those Muslims are smart!
Why do we allow central banks to erode our savings by diluting our money when we could just create our own gold and silver currencies to trade?
Of course gold and even silver can be inconvenient when we want to buy a two-dollar chocolate bar, but that's where debit cards could come in handy. A bank debit card could allow the user to make purchases of 1/1000 of a gold dinar or 1/1000 of a silver dirham.
If we think that sounds too 'Islamic,' then why not the stelo:
https://en.wikipedia.org/wiki/Stelo
The bronze one-stelo coin equals the yello-copper five-stelo coin, the copper-nickel ten-stelo coin, and the silver 25-stelo coin. No gold-stelo coin was ever created to the best of my knowledge, but nothing would be stopping us from creating one. Plus, even if some people chose to turn to the stelos and others to the dinars and dirhams, the currecies would not fluctuate in value between one another since they'd be made of the same metals. essentially x gold stelos would always be worth y dinars, and x silver stelos would always be worth y silver dinars.
If we popularly chose to turn away from the fiat currency, though governments could still tax us honestly, they couldn't tax us dishonestly by just printing money.
https://en.wikipedia.org/wiki/Gold_dinar
Damn those Muslims are smart!
Why do we allow central banks to erode our savings by diluting our money when we could just create our own gold and silver currencies to trade?
Of course gold and even silver can be inconvenient when we want to buy a two-dollar chocolate bar, but that's where debit cards could come in handy. A bank debit card could allow the user to make purchases of 1/1000 of a gold dinar or 1/1000 of a silver dirham.
If we think that sounds too 'Islamic,' then why not the stelo:
https://en.wikipedia.org/wiki/Stelo
The bronze one-stelo coin equals the yello-copper five-stelo coin, the copper-nickel ten-stelo coin, and the silver 25-stelo coin. No gold-stelo coin was ever created to the best of my knowledge, but nothing would be stopping us from creating one. Plus, even if some people chose to turn to the stelos and others to the dinars and dirhams, the currecies would not fluctuate in value between one another since they'd be made of the same metals. essentially x gold stelos would always be worth y dinars, and x silver stelos would always be worth y silver dinars.
If we popularly chose to turn away from the fiat currency, though governments could still tax us honestly, they couldn't tax us dishonestly by just printing money.