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ISIS Caliph (al-Baghdadi) understands Money! Why?

November 15, 2014

Abu Bakr al-Baghdadi has given the order for the Islamic State to create (mint) their own gold/silver/copper coins for their money and currency.  The proposal is to create 7 new coins which could be traded as physical metal coins and used as a medium of exchange for all goods and services. The coins would also be a store of ‘value’ and the official standard of ‘value’. This decision may help our misinformed Western leaders better understand the ‘nature’ of money and currency. Money, historically, has always been a physical item from nature…and a Currency is a political symbol (number/name) for calculating Value in the marketplace. What is being proposed by ISIS is the following:

1 Dinar would be the ‘name’ for 4.31 grams of physical gold (1 dinar = 4.31 grams Au)
5 Dinar would be the ‘name’ for 21.25 grams of physical gold (5 dinar = 21.25 grams Au)
1 Dirham would be the ‘name’ for 3 grams of physical silver (1 dirham = 3 grams Ag)
5 Dirham would be the ‘name’ for 15 grams of physical silver (5 dirham = 15 grams Ag)
10 Dirham would be the ‘name’ for 30 grams of physical silver (10 dirham = 30 grams Ag)
10 Falasa (fils) would be the ‘name’ for 10 grams of physical copper (10 Falasa = 10 grams Cu)
20 Falasa (fils) would be the ‘name’ for 20 grams of physical copper (20 Falasa = 20 grams Cu)

The above images on the ISIS coins (when produced for the market) represent the history of Islam since the days of their prophet, Mohammad. Will these coins work in the marketplace? This may be a difficult issue as many collectors may desire to purchase all the coins minted and this could destroy the effectiveness of these coins when purchasing goods and services. The policy of al-Baghdadi, however, is rather similar to that of our American dollar when it was created via the Coinage Act of 1792. Our American dollar had a specific definition in terms of silver and gold and all our subsidiary coins also had specific definitions in terms of physical precious metals. Today, this concept of money/currency has been abandoned by our elite policymakers in favor of ‘imaginary’ cyber money. What a difference between ISIS money and today’s American money!

Western economies have adopted Cyber money as their medium of exchange. These digital units (totally within cyberspace) have no material substance and they can not be located or collected as physical objects!

If you desire to understand more about MONEY and CURRENCY you can review prior blogs which I have written on these issues. Anyway, congrats to ISIS for helping to wake-up our Western banksters to the real ‘nature’ of money and currency. Western Cyber Money is totally metaphysical whereas the ISIS minted money would be totally physical. Financial pundits and the public can now reflect on these differences going forward. Enjoy this history! I am: https://kingdomecon.wordpress.com.

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