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alstry (35.02)

Islam Going To Gold Standard

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August 18, 2010 – Comments (1)

Paper money is so old hat. While De La Rue - which makes banknotes for 150 currencies - struggles with production problems and management turmoil, in one part of Malaysia, they are looking at an ancient alternative - gold.

In a move applauded by some local Muslims, the state government of Kelantan said it was introducing a new monetary system featuring standardised gold and silver coins based on the traditional dinar and dirham coins once used by the Ottoman Empire.

Nik Abdul Aziz, the state’s chief minister, spoke in visionary terms of an economy in which state civil servants would be paid in the new sharia currency, and the poor would be protected against inflation by the intrinsic value of the precious metals used to produce it.

http://blogs.ft.com/beyond-brics/2010/08/13/malaysia-looks-to-ancient-alternative-currency-gold/

Could you imagine what would happen to the world if this gains momentum........

hmmmmm.... nuclear powered aircraft carrier vs. gold........

getting closer......imagine a foreign country demanding gold for their oil, or bananas, or TVs...........

1 Comments – Post Your Own

#1) On August 18, 2010 at 12:12 AM, alstry (35.02) wrote:

Who will be selling Harley's?.....as Wall Street just upgraded Harley's debt......hmmmmmmm Wall Street companies own 97% of all media outlets in America.....and just one Alstrymous......

American Harley-Davidson dealership on Jackson Road in Ann Arbor 

Carolina Harley-Davidson

 

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