Islamic State to issue its own currency to remove itself from Satanic usury

Gold Dinar from 7th Century Umayyad Caliph.


The Islamic State (also known as ISIL or ISIS) announced its plans to issue its own currency:

November 15, 2014

Islamic State mints new currency to fight Satanic Usury

Taking a step further towards realising their dream of establishing an Islamic Caliphate, ISIS has announced its plan to mint its own currency out of gold, silver and copper. …

Having captured vast territories in Iraq and Syria, ISIS seeks to establish an Islamic caliphate in the region. And to achieve the same, it is planning to mint its own currency. ISIS calls the move “purely dedicated to God” and will remove Muslims from the “global economic system that is based on satanic usury.”

Former US Treasury undersecretary Jimmy Gurule told CNN, “Unlike its predecessor al Qaeda, which raised money principally from external sources … ISIS is principally, primarily self-funded… its funding comes from oil, ransom payments, taxes and the sale of stolen artifacts.”

November 14, 2014

Now, the leaders of the Islamic State, the violent jihadist group that has seized parts of Syria and Iraq, have created their own currency, part of a grandiose plan to restore the caliphate era that dominated the Middle East more than 1,300 years ago.

In an announcement on Thursday heralding a liberation from the “satanic usury-based global economic system,” the Islamic State said it would begin minting gold, silver and copper coins, in likenesses similar to the days of the seventh-century caliphs.

The coins will have standardized weights and values, the announcement said, and they will be the legal tender of the lands controlled by the group, also known as ISIS or ISIL. …

“What central bank is going to accept an ISIS coin?” said David L. Phillips, a former adviser at the United Nations and the State Department, now at Columbia University’s Institute for the Study of Human Rights.

“It’s like blood diamonds,” he said. “No credible financial institution is going to take this.”

Some economists said there could be something to the Islamic State’s aspiration to use gold for money, seeing it as a potential new venue for smuggling and thievery.

They noted that since charging interest is forbidden under strict interpretations of Islamic law, gold as a non-interest-bearing investment could be an ideal way for more strict Muslims to transact business and amass wealth.

Even with its ups and downs, gold has long been treasured for its retention of value and its universal recognition as a so-called safe haven alternative to paper money, especially in times of uncertainty. The world’s major central banks all maintain large stockpiles of bullion. …

In the history of money, coins of gold and other precious metals, which first circulated around 500 B.C., predate the introduction of paper currency by roughly 1,300 years.

“There’s not a place in the world that won’t take gold,” said James G. Rickards, a lawyer, economist, financial commentator and author of “The Death of Money: The Coming Collapse of the International Monetary System,” an explanatory book about the stresses accumulating in the system, especially since the 2008 financial crisis.

Mr. Rickards said groups like the Islamic State, excluded from conventional banking methods, are known to use bitcoin and other crypto-currencies to transfer wealth across borders. Their other way, he said, is gold.

While many will be repulsed by the Islamic State’s currency, as Jim Rickards pointed out, places around the world do take gold (for more on Jim Rickards, see the YouTube video Project Prophecy: Economic Collapse Starting in 2015?).

As far as “satanic usury” goes, while the Bible does teach against usury (e.g. Psalm 15:5), Jesus endorsed getting paid interest (e.g. Luke 19:23).  Hence, contrary to certain Islamic understandings,  not all interest is “usury” and wrong.

The Bible, itself, is clear that gold will have value during the time of the end known as the Great Tribulation.  Notice the following passages which support this view:

40 “At the time of the end the king of the South shall attack him; and the king of the North shall come against him like a whirlwind, with chariots, horsemen, and with many ships; and he shall enter the countries, overwhelm them, and pass through. 41 He shall also enter the Glorious Land, and many countries shall be overthrown; but these shall escape from his hand: Edom, Moab, and the prominent people of Ammon. 42 He shall stretch out his hand against the countries, and the land of Egypt shall not escape. 43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt; also the Libyans and Ethiopians shall follow at his heels. (Daniel 11:40-43)

14… And the wealth of all the surrounding nations Shall be gathered together: Gold, silver, and apparel in great abundance. (Zechariah 14:14)

16…’Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! (Revelation 18:16)

4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls (Revelation 17:4)

The ‘King of the South‘ in Daniel 11:40-43 is a confederation of countries in North Africa and the Middle East that are primarily Islamic at this time.  And notice that the King of the North takes the gold and silver he can get from Egypt (Egypt reportedly has a major gold mine that it hopes to tap soon).

The Islamic State basically would like to lead the type of confederation/caliphate that the Bible refers to as the King of the South in the end times.  While the King of the South will form, it is not at all likely that the current head of the Islamic State will be its leader.  However, because of his and his followers actions, this seems to be leading to a view in the West that a confederation of Islamic nations in the Middle East and North Africa need to form to control terrorists like the Islamic State and Al-Qaeda.  For some specific details, check out the YouTube video Obama Administration Pushing for an Islamic Empire?

As far as Al Qaeda goes, while it was once adamantly opposed to the group that is now called the Islamic State, various Al Qaeda factions are now supporting the Islamic State.  Presumably they would also accept its currency.

As far as a confederation of Islamic nations in the Middle East and North Africa goes, although the Bible teaches that one will form, the Bible also shows that it will end in disaster.  In addition to what Daniel 11:40-43 shows, notice also the following:

2 “Son of man, prophesy and say, ‘Thus says the Lord God:

“Wail, ‘Woe to the day!’
3 For the day is near,
Even the day of the Lord is near;
It will be a day of clouds, the time of the Gentiles.
4 The sword shall come upon Egypt,
And great anguish shall be in Ethiopia,
When the slain fall in Egypt,
And they take away her wealth,
And her foundations are broken down.

5 “Ethiopia, Libya, Lydia, all the mingled people, Chub, and the men of the lands who are allied, shall fall with them by the sword.”

6 ‘Thus says the Lord:

“Those who uphold Egypt shall fall,
And the pride of her power shall come down.
From Migdol to Syene
Those within her shall fall by the sword,”
Says the Lord God.

7 “They shall be desolate in the midst of the desolate countries,
And her cities shall be in the midst of the cities that are laid waste.
8 Then they will know that I am the Lord,
When I have set a fire in Egypt
And all her helpers are destroyed.  (Ezekiel 30:2-8)

Although the Islamists claim to believe the Bible, they apparently have overlooked its prophecies concerning confederations of predominantly Islamic nations in the Middle East and North Africa.

Islamists instead believe that terrorism, a flawed Islamic economic system, and a repressive worldwide Islamic caliphate is what the world needs.  Scripture is clear that a coming confederation of Islamic nations will end in disaster.

What the world really needs is the return of Jesus and the establishment of the Kingdom of God, not a currency from the Islamic State.  Until then, all who claim to believe the Bible, should truly study and live by it (cf. Matthew 4:4).

Some items of possibly related interest may include:

Iraq, the King of the South, Armageddon, and Prophecy What will happen to Iraq? Is it the prophesied Mystery Babylon? What is Armageddon and how does that have to do with Iraq? Here is a related video Iraq, Armageddon, & Prophecy.
The Prophesied ‘Islamic’ Confederation Where is an Islamic caliphate prophesied? Will one happen? Should you be concerned about it? Here is a link to a related video video: Will an Arabic Calphiphate Destroy the West?
The Arab and Islamic World In the Bible, History, and Prophecy The Bible discusses the origins of the Arab world and discusses the Middle East in prophecy. What is ahead for the Middle East and those who follow Islam? What about the Imam Mahdi? What lies ahead for Turkey, Iran, and the other non-Arabic Muslims? An item of possibly related interest in the Spanish language would be: Líderes iraníes condenan la hipocresía de Occidente y declaran que ahora es tiempo para prepararse para el Armagedón, la guerra, y el Imán Mahdi.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse?
Read the Bible Christians should read and study the Bible. This article gives some rationale for regular bible reading. Here is a link in Mandarin Chinese: 读圣经 Here is a link in the Spanish language: Lea la Biblia.
The ‘Peace Deal’ of Daniel 9:27 This prophecy could give up to 3 1/2 years advance notice of the coming Great Tribulation. Will most ignore or misunderstand its fulfillment? Here is a link to a related sermon video Daniel 9:27 and the Start of the Great Tribulation.
Is the Future King of the South Rising Up? Some no longer believe there needs to be a future King of the South. Might Egypt, Islam, Iran, Arabs, or Ethiopia be involved? Might this King be called the Mahdi or Caliph? What does the Bible say? A YouTube video of related interest may be: The Future King of the South is Rising.
When Will the Great Tribulation Begin? 2015, 2016, or 2017? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2014 o 2015? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
Wars, rumors of wars, and the Apocalypse Jesus foretold a time before the end where there would be wars and rumors of wars. The Apocalypse (the Book of Revelation) warns of the red horseman of war. Now, even secular writers, like Larry Edelson, are worried that wars and rumors of war are the most menacing problem that now haunts the earth? Are they right? What is the solution? This is a sermonette-length video.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermon The Gospel of the Kingdom.

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