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.
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.
The Islamist group likened its military efforts, shown in a montage of exploding buildings and militants firing their automatic weapons, to financial warfare against America’s “satanic financial system.”
It described the introduction of its gold dinar coin as “blessed” by Allah, as the “prophesy of prophet now unfolding” and as an effort to “purify the earth of corruption.”
The group vowed that in the future, it would sell oil only in exchange for gold, not “fraudulent” paper bills.
The video railed against the modern financial system, including the unbridled printing of banknotes, “abhorrent” interest, fractional-reserve banking, deficit spending, and the petro-dollar system.
The Islamist group likened its military efforts, shown in a montage of exploding buildings and militants firing their automatic weapons, to financial warfare against America’s “satanic financial system.”
It described the introduction of its gold dinar coin as “blessed” by Allah, as the “prophesy of prophet now unfolding” and as an effort to “purify the earth of corruption.”
The group vowed that in the future, it would sell oil only in exchange for gold, not “fraudulent” paper bills.
The video railed against the modern financial system, including the unbridled printing of banknotes, “abhorrent” interest, fractional-reserve banking, deficit spending, and the petro-dollar system.
http://www.theblaze.com/stories/2015/08/30/islamic-state-plotting-second-blow-to-u-s-financial-system-in-bid-to-purify-the-earth-of-corruption/#
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