The Islamic (Gold) Dinar

Pakistan, a Muslim country, recently exploded an atomic bomb following the same action by its Hindu neighbor, India. These bombs everyone has heard about and the potential for these and other countries end the existence of mankind on earth certainly is frightening to everyone except perhaps stock market crazed westerners who are simply not sober enough to care. Frightening as the atomic bomb is, another kind of bomb, namely The Islamic Dinar could pose an even bigger threat to our existing financial system which I believe would be enormously bullish for gold. Although I believe the Islamic Bomb may be a threat to the status quo, almost no one has yet caught on to this very recent development.

The Islamic Dinar is a newly created 100% gold currency that its backers hope and believe will become the currency of more than one billion Muslims. The organizers of this currency not only see the Islamic Dinar as an eventual rival to the U.S. Dollar as a reserve currency, and are hopeful it will usher in the demise of the U.S. Dollar. So far, I have learned most of what I know about this movement from the Internet. The Internet is very often used to spread misinformation as well as truth. So, it may be possible that this movement is not all that it is cracked up to be on its web site (www.users.dircon.co.uk/~netking/murabitn.htm). However, I believe the movement is real and for reasons noted below, I think it could indeed pose a threat of devastation to the U.S. Dollar and existing world order. Following are a couple of the reasons I think this could be true