August 31, 2015
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.
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| The Islamic State group vowed to destroy the U.S. dollar and replace it with gold dinars. (Screenshot: Islamic State group 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.
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