From The Blaze.com (Aug. 30):
The Islamic State group revealed over the weekend that at the centerpiece of its goal to bring down America is a concerted effort to weaken the U.S. dollar and replace it with gold currency.
A video posted Saturday warned of the “dawning of a new age” in which replacing the dollar with gold would deliver “the second blow to America’s capitalist financial system of enslavement … casting into ruins their fraudulent dollar note.”
The first blow, it said, was the September 11 attack on the World Trade Center.
The English-language video included archival footage from U.S. news channels, including a 2007 clip of Ron Paul sounding the alarm over the vulnerability of the dollar.
Produced by the Islamic State’s Al Hayat Media, the extremist Sunni group positioned itself as leading the fight against fiat currency by minting caliphate gold, silver and bronze coins. It named them after historical Islamic caliphate coins: the gold dinar, the silver dirham and the bronze fals (or the plural fulus).
Its dedication to gold – and opposition to paper notes – was grounded in the Quran, excerpts of which appeared onscreen in the video. [read more]
I wonder if this is what China is trying to do. Then again they are communists and really don’t embrace the free enterprise system. Well, Iranian gov’t and probably Russian gov’t wouldn’t mind the Islamic State thugs doing this. It would save them the trouble.
Yea, America shouldn’t have gone off the gold standard but we really can’t go back. What America needs is Congress that has self-control when it comes to spending and a strong president that has a back-bone and not appeasing our enemies. You know one that believes in American exceptionalism.
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