The Islamic Plan to Destroy Capitalism.

The Duchess of Zeon · Post by **The Duchess of Zeon** » 2003-07-13 03:08pm

When All Muslims return to using the Gold Dinar, Capitalism will Fall!

No, this is not a joke.

Wicked Pilot · Post by **Wicked Pilot** » 2003-07-13 07:37pm

Islam is among other things a religion of stupidity. How is this suprising?

Jadeite · Post by **Jadeite** » 2003-07-13 09:09pm

Heh, idiots. Of course, it is sort of depressing that people like that are leaders.

Post by **Gandalf** » 2003-07-13 11:17pm

Could these Muslims be Communists?

Post by **Sea Skimmer** » 2003-07-13 11:18pm

Watch them all go broke as there gold coins are worn down to nothing after several years use.

Xenophobe3691 · Post by **Xenophobe3691** » 2003-07-13 11:21pm

Um......Yeah...What morons. I'm guessing that they still haven't gotten it through their heads that it's because of fundamentalist Islam that they lost their place in the world...

Howedar · Post by **Howedar** » 2003-07-14 12:14am

I would agree with that.

What exactly do they expect to rise in Capitalism's place? GoldDinarism?

HemlockGrey · Post by **HemlockGrey** » 2003-07-14 12:18am

Silly fools. This plan is doomed to fail, because NOBODY EXPECTS THE SPANISH INQUISITION!

Post by **NecronLord** » 2003-07-14 04:47am

Yes, let's all start using gold dinars!

Here's an idea, if capitalism collapsed (yeah, right) who'd buy their oil?

Stuart Mackey · Post by **Stuart Mackey** » 2003-07-14 07:09am

The Duchess of Zeon wrote:When All Muslims return to using the Gold Dinar, Capitalism will Fall!

No, this is not a joke.

Not a joke?, havent read anthing that funny since Garfeild this morning.

Patrick Ogaard · Post by **Patrick Ogaard** » 2003-07-14 07:20am

My admittedly not extensive knowledge of the dinar as a currency indicates that for most of its history it was a silver-based currency playing off the old silver denarius the same way the European silver penny/denier did.

Leaving that aside as inconsequential, though, it was capitalist nations using gold-backed currencies that turned the Arab world, and the Islamic world as a whole, into a collection of European colonies. Capitalism works quite well with currencies backed by precious metals, though modern business does rely on virtual money to an extent that makes "hard" currencies impractical. Also, using gold coinage in the bazaar is not the same as using that same coinage to buy shiploads of manufactured goods and raw materials. Since the coinage relies on the value of its gold content, and the value of gold fluctuates wildly, it just would not work reliably enough to tempt firms and countries that prefer to deal in the world's major trade currencies, the US Dollar, the Euro, or the Pound Sterling. Those trying to pay in gold would have to overpay grossly to account for fluctuations.

Also, considering the value of gold, even when gold values are relatively low, the first thing that will happen is that everyone in the world will flock to the areas where gold dinars are accepted, and will buy up gold dinars in exchange for convertible hard currencies. The gold dinar would have to have its gold content grossly undervalued in order to allow it to be a coin of any useful size and weight. Gold dinars will disappear from the area more quickly than they can be produced, and everything will quickly return to the way it was, except that the gold dinar zone will have no gold left.

That's all about as stupid as the people in the US who insist that the US must return to the silver standard.

BoredShirtless · Post by **BoredShirtless** » 2003-07-14 07:34am

It made me laugh.

Tribun · Post by **Tribun** » 2003-07-14 07:42am

And they don't know what are they talk'n about.....

A Big Flying Fish · Post by **A Big Flying Fish** » 2003-07-14 09:19am

Nice bright idea to replace one currency, with, OMG, another one. Brilliant plan there, except there currency will be worth fuck all because hardly anyone will buy anything priced in it, besides oil of course, so it just means cheaper petrol for me. Sounds like a good idea actually.

kojikun · Post by **kojikun** » 2003-07-14 12:18pm

i dont know what they hope to achieve. changing monies is not removal of capitalism.

MKSheppard · Post by **MKSheppard** » 2003-07-14 12:28pm

Patrick Ogaard wrote: That's all about as stupid as the people in the US who insist that the US must return to the silver standard.

I'd like to have SOMETHING - a precious metal of some sort backing the US
currency rather than some hypothetical "trust"

Posbi · Post by **Posbi** » 2003-07-14 12:34pm

By widely pouring silver on the market as means of payment you'd only destroy it's value. It'd be highly counter-productive, Mike.

phongn · Post by **phongn** » 2003-07-14 12:36pm

Silver is too abundant and would be inflationary, IIRC. There's not enough gold to completely back the US Dollar.

Fiat money works fine.

kojikun · Post by **kojikun** » 2003-07-14 03:48pm

MKSheppard wrote:I'd like to have SOMETHING - a precious metal of some sort backing the US
currency rather than some hypothetical "trust"

The value of that precious metal is also trust. Gold is only worth 300 cans of
coke because people want gold. Well, dollar bills are exactly the same. The
only difference is the source.

Gil Hamilton · Post by **Gil Hamilton** » 2003-07-14 04:21pm

No no no, guys! This is a brilliant move on their part and we should be encouraging them! In about 10 years when they are all bankrupt thanks to their inpractical, non-fluid, expensive currency, they will be forced to accept a more capitalistic economy.

kojikun · Post by **kojikun** » 2003-07-14 04:42pm

gil, theyll just blame america and bomb people.

Gil Hamilton · Post by **Gil Hamilton** » 2003-07-14 05:42pm

kojikun wrote:gil, theyll just blame america and bomb people.

They do that anyway. Only now they've got worthless money and can't afford nice things to blow us up with.

Rubberanvil · Post by **Rubberanvil** » 2003-07-14 05:51pm

This is old news really, WIRED magazine (January 2002 issue) did an report and interview with some of the people who first thought of this idea.

Joe · Post by **Joe** » 2003-07-14 06:33pm

The gold standard has its drawbacks, but fiat money sure as hell does too. The tempation to run the printing presses to pay the bill is far too great a temptation for the government to have.

MKSheppard · Post by **MKSheppard** » 2003-07-14 06:45pm

Durran Korr wrote:The gold standard has its drawbacks, but fiat money sure as hell does too. The tempation to run the printing presses to pay the bill is far too great a temptation for the government to have.

Yeah, i want my money to have something TANGIBLE to back it, rather
than something that's intangible and can be changed instantly by decree..

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The Islamic Plan to Destroy Capitalism.

The Islamic Plan to Destroy Capitalism.

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