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Politics : Stockman Scott's Political Debate Porch
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To: Mannie who wrote (4899)8/20/2002 1:05:10 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
Islamic gold Dinar should not be dismissed
this is a dollar alternative in a part of the world where over one billion people reside
so what if they wear funny clothes
the key point is they might eschew dollars for both commerce and hoarding

I expect several Islamic responses:
one is crude oil paid in euros (later maybe gold)
two is usage of a gold coin (with religious inscriptions)
three is diverting petro-dollars from American assets
four is a general favoring of Europe, where most of their commerce takes place
five is simply war waged on our institutions (incl financial)

nice piece, thanks, Jim
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