Yesterday, the rapidly
falling value of the rial sparked serious street protests in Iran.
falling value of the rial sparked serious street protests in Iran.
Now, the question becomes: Is the hyperinflation currently underway in Iran going to be the straw that finally breaks the camel's back?
The West certainly hopes so.
That's the whole point of the forceful Western sanctions placed on Iran's oil exports and even imports of basic goods and the Iranian banks being completely frozen out of the international financial system.
That's the whole point of the forceful Western sanctions placed on Iran's oil exports and even imports of basic goods and the Iranian banks being completely frozen out of the international financial system.
The sanctions have been in effect since July, but the situation is really just now starting to get worse as it becomes crystal clear to Iranians that their monetary authority has completely run out of the foreign exchange reserves they need to defend the value of their quickly plunging rial
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2 comments:
Funny thing about the oil sanctions, check out the waivers that Obama granted to something like 27 countries.
The Fed has destroyed Iran's currency because the Country refused to sell their oil for our worthless dollars. Shameful. The Fed has been destroying our currency as well and that is why China, Russia, Lybia, and Syria don't want the dollar.
The wars are a lame effort to hold up the dollar as the world reserve currency in the face of opposition.
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