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Iran's overvalued, oil-dependent currency is collapsing
(
csmonitor.com
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Iran
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Mahmoud Ahmadinejad
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yogaFLAME
2012-01-05 08:39:46 AM
However the Central Bank has tried to introduce a cap on the market rate of 14,000 rials to the dollar, and the government announced that anyone caught selling rials at a higher rate would be arrested.
Well there you go, problem solved.
GAT_00
2012-01-05 08:52:20 AM
yogaFLAME
:
However the Central Bank has tried to introduce a cap on the market rate of 14,000 rials to the dollar, and the government announced that anyone caught selling rials at a higher rate would be arrested.
Well there you go, problem solved.
Works for China.
Headso
2012-01-05 09:06:04 AM
I am surprised the Saudi's have not announced they will be pumping more oil onto the world market, lowering oil prices would add another prong to the economic attack on Iran.
GAT_00
2012-01-05 09:10:35 AM
Headso
:
I am surprised the Saudi's have not announced they will be pumping more oil onto the world market, lowering oil prices would add another prong to the economic attack on Iran.
They claimed after the first time Iran threatened to close the Strait that they could balance out any loss of oil.
The Stealth Hippopotamus
2012-01-05 09:23:55 AM
Oh great. Another thing they can blame on the Great Satan
(R)
.
Because People in power are Stupid
2012-01-05 09:24:33 AM
The rial is collapsing???? This wouldn't have happened on Bush's watch.
kingoomieiii
2012-01-05 09:44:42 AM
Because People in power are Stupid
:
The rial is collapsing???? This wouldn't have happened on Bush's watch.
Haha, no, it wouldn't have.
Bukharin
2012-01-05 09:45:32 AM
Which will bottom out first, Iran's money, or Iraq's government?
Dead for Tax Reasons
2012-01-05 10:12:47 AM
It's rellay going to hurt them when they have to pay for new photoshop licenses
chimp_ninja
2012-01-05 10:45:13 AM
While all the Republicans (except RON PAUL) try to out-bomb-threat each other whenever the word Iran is mentioned:
"President Obama signed a bill barring all foreign financial institutions that are doing business with Iran's central bank from conducting corresponding operations in the United States."
, part of a long series of moves that has eroded about 40% of their currency's value in the last year or so.
Chess vs. checkers, once again.
Because People in power are Stupid
2012-01-05 11:57:57 AM
chimp_ninja
:
While all the Republicans (except RON PAUL) try to out-bomb-threat each other whenever the word Iran is mentioned: "President Obama signed a bill barring all foreign financial institutions that are doing business with Iran's central bank from conducting corresponding operations in the United States.", part of a long series of moves that has eroded about 40% of their currency's value in the last year or so.
Chess vs. checkers, once again.
Kind of.
Republicans
have
always
been involved in two-facing America with respect to Iran. (new window)
I repeat: Nothing like this would happen to Iran if Bush (or some nitwit like Bush) was in office.
groppet
2012-01-05 12:09:09 PM
Bukharin
:
Which will bottom out first, Iran's money, or Iraq's government?
Hey maybe we will luck out and they will have another 10 year war.
HotIgneous Intruder
2012-01-05 12:12:36 PM
There will come a point when the rest of the world just gets tired of the US and A! bullying everybody around and occupying the planet.
GoodyearPimp
2012-01-05 12:13:04 PM
Sounds like we need to invade to save them. The same way we do to every country but our own.
HotIgneous Intruder
2012-01-05 12:14:34 PM
Plus, if some country did this to the US and A!, we would probably consider it an act of war.
Strik3r
2012-01-05 12:36:20 PM
What is this US and A! thing you speak of?????? a new meme or something?
AcneVulgaris
2012-01-05 12:39:15 PM
HotIgneous Intruder
:
Plus, if some country did this to the US and A!, we would probably consider it an act of war.
It is an act of war, that's what we do here in the country of the war-ons. It's our idiom.
wildcardjack
2012-01-05 01:02:07 PM
Insular regimes have figured out how to BS their populations with the restrictions in place, blaming foreign devils for the ills in their economies.
If you want to destroy insular regimes you have to open them up. Sunshine is a natural disinfectant.
HotIgneous Intruder
2012-01-05 01:18:20 PM
AcneVulgaris
:
It is an act of war, that's what we do here in the country of the war-ons. It's our idiom.
But I thought we were the Ferengi.
AcneVulgaris
2012-01-05 01:54:06 PM
HotIgneous Intruder
:
AcneVulgaris: It is an act of war, that's what we do here in the country of the war-ons. It's our idiom.
But I thought we were the Ferengi.
Only in Hollywood.
Because People in power are Stupid
2012-01-05 01:56:36 PM
wildcardjack
:
Insular regimes have figured out how to BS their populations with the restrictions in place, blaming foreign devils for the ills in their economies.
If you want to destroy insular regimes you have to open them up. Sunshine is a natural disinfectant.
My favorite part is that China our "enemy" is using this as means to exploit lower prices from Iran. Maybe they'll pass the savings on to us.
ha-ha-guy
2012-01-05 02:17:24 PM
Because People in power are Stupid
:
wildcardjack: Insular regimes have figured out how to BS their populations with the restrictions in place, blaming foreign devils for the ills in their economies.
If you want to destroy insular regimes you have to open them up. Sunshine is a natural disinfectant.
My favorite part is that China our "enemy" is using this as means to exploit lower prices from Iran. Maybe they'll pass the savings on to us.
What's really funny are the people who think the Chinese would back Iran in a shooting war with America. China has been having civil unrest over high prices (see the trucker riots in Shanghai). Just recently reports have started to come out of heating oil shortages and price spikes, which is going to cause some more unrest.
If Iran does anything to fark with the global price of crude, China will be all about settling the region down as quickly as possible. What China wants are tankers will with cheap oil sailing through the Strait of Hormuz and heading for Shanghai with regularity.
Funk Brothers
2012-01-05 02:59:58 PM
wildcardjack
:
Insular regimes have figured out how to BS their populations with the restrictions in place, blaming foreign devils for the ills in their economies.
If you want to destroy insular regimes you have to open them up. Sunshine is a natural disinfectant.
So you want the United States to allow McDonald's to open up a location in Tehran?
Could work.
FTGodWin
2012-01-05 03:27:19 PM
Overvalued, oil-dependent, collapsing currency, you say?
/petro-dollar, ftw!
Lt. Cheese Weasel
2012-01-05 03:57:17 PM
Iran has no refining capability. Their oil? They can keep it. Blocking the Straits of Hormuz is a double edged sword and they know it. Try running your Deathboats and Flying Missiles of Allah on pure petroleum.
Triumph
2012-01-05 04:04:14 PM
Dwight_Yeast
2012-01-05 05:19:32 PM
GAT_00
:
Headso: I am surprised the Saudi's have not announced they will be pumping more oil onto the world market, lowering oil prices would add another prong to the economic attack on Iran.
They claimed after the first time Iran threatened to close the Strait that they could balance out any loss of oil.
It wasn't a claim, they, Kuwait and another country promised to increase production. Even the other Arab nations are tiring of the leadership in Iran. Threatening the strait was a stupid move, as it hit the other oil-producers where they sit: on their wallets.
Kar98
2012-01-05 06:07:52 PM
So is that why gas went up just about 40 cents within three days?
trotsky
2012-01-05 06:09:35 PM
So, instead of invading and engaging ourselves in another costly and destructive ground war, something some would say is psychopathic almost, we can use out economic muscle to deflate Iran?
Obama: Master of the Soft Touch.
StokeyBob
2012-01-05 06:30:40 PM
I came across this tidbit a few years back. I'm not totally sure it is true but it seems pretty plausible. Specially when Iraq and Afghanistan were on the list.
"There are now only 5 nations on the world left without a Rothschild controlled central bank: Iran; North Korea; Sudan; Cuba; and Libya."
StokeyBob
2012-01-05 06:41:19 PM
HotIgneous Intruder
:
There will come a point when the rest of the world just gets tired of the US and A! bullying everybody around and occupying the planet.
Or we realize it is a new world order calling the shots?
And has been for some time?
Then we may come to consider that giving some the ability to print up what ever amount of money they wanted, to dictate their way, may have gotten us into this mess. Then we may come to realize no matter how much money all the, "we the peoples" of the world can earn and pool to set things right, all some have to do is fire up the fake money presses to get their way...
and then they stiff us with the bill.
Click to embiggen
Dwight_Yeast
2012-01-05 06:44:58 PM
StokeyBob
:
I came across this tidbit a few years back. I'm not totally sure it is true but it seems pretty plausible. Specially when Iraq and Afghanistan were on the list.
"There are now only 5 nations on the world left without a Rothschild controlled central bank: Iran; North Korea; Sudan; Cuba; and Libya."
A) It's bullshiat.
B) It's nothing more than antisemitism in fancy dress.
C) If you think the "Rothschilds" control world banking, I have some tinfoil hat insurance to sell you
SVenus
2012-01-05 06:50:17 PM
FTGodWin
:
Overvalued, oil-dependent, collapsing currency, you say?
[www.marshu.com image 640x270]
/petro-dollar, ftw!
I remember having more than one long argument on another forum with someone who was _convinced_ that the US Dollar would collapse within a short time after Iran got their
oil trading bourse
(new window) up and running
... well, it's been up and running now, and it's not exactly shaking up the world. And now the collapse of the Iranian currency is close to happening.
I know I don't know many of the ins and outs of trading oil, but dire predictions of oil propping up the US Dollar are overrated.
Dwight_Yeast
2012-01-05 06:52:38 PM
SVenus
:
... well, it's been up and running now, and it's not exactly shaking up the world. And now the collapse of the Iranian currency is close to happening.
Maybe it was one of those predictions like "A great army will be lost today."
KarmicDisaster
2012-01-05 07:24:08 PM
Oops! Our Bad!
Franco
2012-01-05 10:03:55 PM
Headso
:
I am surprised the Saudi's have not announced they will be pumping more oil onto the world market, lowering oil prices would add another prong to the economic attack on Iran.
Actually they did claim that will personally meet any shortage left by the embargo. Iran and Israel are mutual dynamite monkeys floating on a sea of gasoline with Pakistan supplying matches and fireworks. Saying it's a bad situation no where begins to describe the looming doom.
wolvernova
2012-01-05 11:57:02 PM
wildcardjack
:
Insular regimes have figured out how to BS their populations with the restrictions in place, blaming foreign devils for the ills in their economies.
The people in Iran are largely aware of the b.s. from the regime, and they know their economy is shiatty.
Fark Me To Tears
2012-01-06 12:22:48 AM
wolvernova
:
wildcardjack: Insular regimes have figured out how to BS their populations with the restrictions in place, blaming foreign devils for the ills in their economies.
The people in Iran are largely aware of the b.s. from the regime, and they know their economy is shiatty.
They need to overthrow Amadinnerjacket and the extremist theocratic regimes and join the 21st century. I hold no ill will towards the Iranian people themselves, but their government is toxic. It needs to go. The Iranian people, the region, and the world would be a better place because of it. Seriously.
SquirrelWithLargeNuts
2012-01-06 12:42:03 AM
wildcardjack
Insular regimes have figured out how to BS their populations with the restrictions in place, blaming foreign devils for the ills in their economies.If you want to destroy insular regimes you have to open them up. Sunshine is a natural disinfectant
This is true.
It's why the US government is going after Assange and Wikileaks.
Goodfella
2012-01-06 01:18:55 AM
Headso
:
I am surprised the Saudi's have not announced they will be pumping more oil onto the world market, lowering oil prices would add another prong to the economic attack on Iran.
They're running on fumes. Their Ghawar oil field, formerly the largest oil well in the world, is nearly empty.
Saudi Arabia is almost out of oil.
Goodfella
2012-01-06 01:20:33 AM
chimp_ninja
:
While all the Republicans (except RON PAUL) try to out-bomb-threat each other whenever the word Iran is mentioned: "President Obama signed a bill barring all foreign financial institutions that are doing business with Iran's central bank from conducting corresponding operations in the United States.", part of a long series of moves that has eroded about 40% of their currency's value in the last year or so.
Chess vs. checkers, once again.
The Koch Brothers still do a lot of business with Iran.
JustGetItRight
2012-01-06 09:44:54 AM
While I have no problem with the US and the rest of the world taking steps to destroy their currency, you farkers do understand that the further you push them into a corner the greater the chance that the nutjob will actually carry out his threats, right?
In the case of Iran, engaging in successful economic warfare doesn't eliminate the possibility of a shooting war. If anything, it increases it.
Again, I'm not being critical of the strategy. It's the best card to play at the moment, but large explosions might well still be necessary.
chimp_ninja
2012-01-06 10:36:12 AM
JustGetItRight
:
While I have no problem with the US and the rest of the world taking steps to destroy their currency, you farkers do understand that the further you push them into a corner the greater the chance that the nutjob will actually carry out his threats, right?
In the case of Iran, engaging in successful economic warfare doesn't eliminate the possibility of a shooting war. If anything, it increases it.
Again, I'm not being critical of the strategy. It's the best card to play at the moment, but large explosions might well still be necessary.
I agree it's provocative. The impact depends what you think of the relationship between Iran's government and its people are, however. Ahmadinnerjacket and the real power players on the Supreme Council look afraid right now. They put caps on how much hard money Iranians can bring out of the country, and it's impacting the government subsidies that cause a lot of Iranians to keep quiet even if they don't like the regime.
If you want real change in Iran, it's going to have to come from within. Some outside help might accelerate that, but until the Iranian people are fully on board with moving to a new system, it's not going to happen.
wolvernova
2012-01-08 04:21:43 PM
Fark Me To Tears
:
wolvernova: wildcardjack: Insular regimes have figured out how to BS their populations with the restrictions in place, blaming foreign devils for the ills in their economies.
The people in Iran are largely aware of the b.s. from the regime, and they know their economy is shiatty.
They need to overthrow Amadinnerjacket and the extremist theocratic regimes and join the 21st century. I hold no ill will towards the Iranian people themselves, but their government is toxic. It needs to go. The Iranian people, the region, and the world would be a better place because of it. Seriously.
I am sure they will, but it's not going to be at a time of our choosing. Iran's govt and Iran's populace see each other as enemies. The govt needs the people, but the people do not need the govt. It's inevitable that the regime will die, but all of these relationships change the second that another country starts a war with them. People start to need their govt, they feel more threatened by outside force (than within), and the aggressors will give the Ayatollahs another 30 years-worth of havoc to lay upon their people and the world. This is why no matter what it is better
not
to attack them, and it's why they have been so provocative - they want us to do it.
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