ISIS to issue their own coins

[Mackaydon]

CNN.com - Breaking News, U.S., World, Weather, Entertainment & Video News
Don...... ISIS is planning to mint its own currency in gold, silver and copper, the group said Thursday.Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
The currency will include seven coins: two gold, three silver and two copper.
The move is "purely dedicated to God" and will remove Muslims from the "global economic system that is based on satanic usury," ISIS said.

 

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[BC1969]

Still better than a barcode in the forehead!

BC

 

[ShovelNose]

Like to have a couple before we blow them to hell. Will be a collectors piece for sure.

 

[Jason in Enid]

ISIS would have to have amassed a huge stockpile of the metals to begin producing a currency. Not saying it isn't possible but I suspect this is just more posturing by them.

 

[bigscoop]

I think it's intended to been seen as a threat to the current monetary system that's based on a weakening American dollar. If they can attract enough currency trade with like-minded countries and interest then their next move would be to try to form their own currency alliance.....just another means to further weaken the American dollar and its infrastructure. But this is all going to lead into politics.....

 

[Charlie P. (NY)]

At least they won't dissolve in the soil in a few years.

Only thing so far that I have heard they may be doing properly. If it ever comes to be.

I do wonder who will make the good and commodities in the fundamentalist society they want. If you don't get past a forth grade education you probably won't be designing the stamping press for a coin, or the extrusion dies for a cartridge, etc.

 

[Mackaydon]

I still have several thousand dollars of Saddam Husseim's currency.
Do you think ISIS will accept that currency in payment for theirs?
Don........

 

[CincinnatiKid]

ISIS?! Really
Not here. Just another fundamentalist group looking for attention. They only have mis- construed ideals. No gold, no silver, no copper! Coinage, highly doubtful. Who would take it seriously, unless for bullion weight? An Isis stamp alone will devalue anything and be unwanted.
Peace

 

[Papalittle]

I will take 1 of each please!

 

[Peyton Manning]

wonder if they will offer them to infidels?

 

[Msbeepbeep]

People will probably start hoarding them for the metal value instead of circulating them as currency, and they could only deal with those who accept their money.

 

[Peyton Manning]

well yeah

 

[Gold Maven]

hard to say what's true, but I read where they are selling oil from captured oil fields for at least $1 million/day, and as much as $5 mill.

If true, that is a little scary, money like that can create a lot of terror.

 

[wainzoid]

Will they be headless?

 

[Turbo21]

ISIS?! Really Not here. Just another fundamentalist group looking for attention. They only have mis- construed ideals. No gold, no silver, no copper! Coinage, highly doubtful. Who would take it seriously, unless for bullion weight? An Isis stamp alone will devalue anything and be unwanted. Peace

I just looked it up because I though I read somewhere they had a ton of gold. And yup. They do. On their run across the Middle East they were emptying banks. So I bet they do have the pms to do it http://www.israelnationalnews.com/News/News.aspx/185366


Isis the worlds richest terrorist organization

http://www.washingtonpost.com/news/...nd-became-the-worlds-richest-terrorist-group/

 

[Silver Searcher]

Will they be headless?

Only on the Obverse.

SS

 

[CincinnatiKid]

Thanks Turbo21.
I sit corrected.
Peace

 

[CincinnatiKid]

Seriously though Turbo21, I hope you're wrong.
Even if "they" have enough precious metal to make coinage, I doubt it will have much effect on the world economy.
The coinage would be localized at best.
The EU monetary system failed, and "we" deal daily with Europe.
Can you imagine the exchange rate between Isis and the U.S.?
Peace

 

[BC1969]

I'll take a Isis gold coin over a worthless US greenback any day of the week, at least that's real...paper money..bleh. Almost as worthless as a bit coin.

BC

 

[Dave Rishar]

I'll take a Isis gold coin over a worthless US greenback any day of the week, at least that's real...paper money..bleh. Almost as worthless as a bit coin.

There's a difference between intrinsic value and what something's worth to the right person. Try to purchase something from a vending machine or most businesses, or pay your bills, or settle a speeding ticket with a gold or silver ISIS coin. Attempt the same with your debit card or $20 bills. Report back on who accepted what and then tell me again how a simple piece of paper is without value.

Granted, it's a collective hallucination, but so is gold. You can't eat, wear, or build a house out of either of them. (Actually you can, but the results would be substandard.) What real value is there in either of them, besides the value assigned by our collective consent to accept that they're valuable?