An interesting video on the usage of Gold Dinar and Silver Dirham in Indonesia. Like many others, Indonesia is at risk of fiat currency.
First minute of the video is in Dutch. Thereafter it is in Bahasa Indonesia and English.
Continuing from my previous post, the video above is a detailed explanation of what Operation Twist is all about.
Tun Dr.Mahathir Mohamad talks about Islamic Banking and recommending the use of gold dinars as basis of currency instead of the US dollars.
While Bank Negara has updated our coins to stainless steel, the United State is busy printing their new $100 dollars.
The United State’s new $2.4 trillion dollars will look like this:
It’s going to be a hot sizzling Monday today. Washington now has one more day to solve the puzzle before the debt burst. Unless they come out with a fire-fighting plan, US will start defaulting on their record-breaking $14.46 trillion debt by tomorrow.
In short, the more money the Fed prints OR the weaker the dollar is the better it is for the PM market. That would happen if US raises their debt ceiling or decided to start defaulting its current debt. That’s the bull camp.
If Washington are able to stop ballooning their $14.46 trillion ceiling, not default its current debt AND turn their Federal P&L from red to black – that spells the bear for PM. Been spending my entire weekend catching up the debt news and to have THAT, is almost unlikely.
Following are some materials that would go along well with your morning coffee.
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