The Gold Dinar: Threat To Value and Stability $US and $EU
There is a long and creditable history of discussion in the financial journals about the growing movement for all muslim countries to unite under one currency, the gold dinar and about how devsatating any change in the official currency for the price of oil from $US even to $EU would be for the U.S. economy and for its place in world. A switch from $US to gold dinar for the pricing of oil could literally bring the entire world banking system to its knees and knock the US out of the box.
In Octiber 2010 CEO Swiss Bank Trading Craig Smith tried to call attention to the growing threat and its very real threat of economic terroorism ..http://goldbasics.blogspot.com/2010/10/bin-laden-and-gold-dinar-economic.html. His comments on CNBC's Morning Call.
John Perkins, a best selling author in economics, suggests that the threat of the dinar was really at the core of both the Iraq invasion and the Libyan invasion, something that seems more plausible once the arguement and evidence are examined. http://www.johnperkins.org/?p=1051
There is no question that there is a determined and continuing movement for the oil controling nations to adopt the gold dinar as their only currency of trade for all goods and services..including oil. And there seems to be liitle debate that wouldt shift the balance of power globally to OPEC nations. It would bring the rest of the world to its knees. The only debate is whether that can be oulled off and whether we can fend it off?
I am beginning to think the creation of a gold backed OPEC currency is inevitable and also the pricing of oil in this currency. Have we waited to long? Is it too late?
Can we fend it off?
I should point out that John Perkins , author of many NY TIMES Best Selling exposes on foreign aid, is a somewhat controversial figure . However the basic points of his article are supported by many any other reputable sources
Here is a link to"the gold dinar" plan http://www.taxfreegold.com/gold-dinar.ht