Posts Tagged ‘Gold Dinar’
MURABITUN LAUNCH DANIQ IN INDONESIA On Sunday, 4 Jumaadal-Awwal 1431 AH (18 April 2010) an historic event for the Ummah of Islam occurred in Indonesia. At an Islamic market in the southern Jakarta suburb of Depok, the silver Daniq (1/6 Dirham) and the Nisfu Dirham (half dirham) were officially launched by the Murabitun Amir of Indonesia, Pak Hajj Zaim Saidi at a ceremony attended by the Mayor of Depok, Bapak Dr Ir Nurmahmudi Isma’il, the Chairman of the Indonesian Council of Ulema (MUI), Depok, Prof. Dimyati Badruzzaman, the leader of Pesantren Babussalam in whose grounds the market was held, Kiyai Sanwari Ahmad, the Chief of Police of Depok, ABPK Sayidal Mursalin, the leader of Wakala Al Kautsar, KH Saifud-Din and dozens of Muslim elders and male and female students from the madrasah. The significance of this event cannot be overstated. This is probably the first minting of the Daniq as an actual coin, (rather than as odd-shaped clippings from dirhams), in the history of the ummah of Islam. It is also probably the first production of Daniqs of any sort for hundreds of years. Not only does it facilitate standardisation of the weight and value of the Daniq, but it makes the use of silver as a currency unit accessible to the common people. For example 1 Daniq would pay for the cost of a lengthy angkot (mini bus) ride within Jakarta or an ojeg (motorbike) ride of about 2 kilometres. As these are both extremely common forms of transport in Indonesia there is now the potential …
Gil Carideo
Invasion of Libya was About Gaddafi’s Plan to Introduce Gold Dinar. Under the guise of “protecting civilians,” the United States led NATO into Libya and is attempting to assassinate the Libyan leader. Of course, Libya happens to be the largest oil producer in Africa, but many do not realize that Gaddafi was planning to introduce the gold dinar, a single African currency that would serve as an alternative to the US dollar and allow African nations to share the wealth. It is surely no coincidence that Iraq’s prior leader, Saddam Hussein, was trying to do the same thing just prior to US invasion for all of those “weapons of mass destruction.” Simply put, if oil-rich nations begin trading in something other than dollars it will significantly reduce demand for dollars and threaten the dollar’s role as world reserve currency. Many experts belief this would lead to the quick death of the fiat greenback, which is now backed by nothing but faith in a government that is running an annual budget deficit of over $1.5 TRILLION. The dollar’s days are numbered and savvy investors are using the current dip in gold and silver prices to exit their dollars and acquire real money that can not be printed out of thin air and inflated to worthlessness. The CME knows there is not enough silver to go around and their raising of margin requirements 5 consecutive times in the past two weeks smacks of desperation. Far from the hysterical crises of the precious metals bubble popping, it is only going …
Mary Tasler