Monday, October 1, 2012

Iranian Currency Falls 17% in One Day

Sanctions against Iran are making their impact, on the innocent working-class people of Iran--and the destruction of the currency may be getting a boost from the CIA.

International trade is dying and the currency is in free fall. It fell 17% this morning. The rial has lost more than 80 percent of its value since the start of the year.

I am also hearing that the CIA may be pumping newly (CIA printed) rial into the country in an effort to destabilize the country through hyper-inflation. The Fed may think money printing boosts an economy, but the CIA knows what it really does.

AFP reports:

Ordinary Iranians are increasingly struggling with the resulting inflation, which was officially put at 23 percent even before the latest plunge of the rial. 
"Prices are rising every day and it just doesn't stop," said Khosro, a retiree who gave only his first name. He was forced to work as a taxi driver to boost his diminishing pension, he said. 
Even locally made products were becoming more costly in Iran's supermarkets.
"The price of my toothpaste, a foreign brand, has tripled in just a few months. Now, I'm buying an Iranian one, but it has also nearly doubled in price," said Maryam, a young shopper.


16 comments:

  1. Gosh, I wish I had some gold and silver. Think about how much Iranian paper I could buy!

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    1. To take off from your idea, a good way for the Iranians to nix the CIA's monetary sabotage would be to ditch fiat money for gold and silver.

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    2. They were making moves away from the dollar. Can't be having any of that nonsense.

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  2. They have oil, which would stabilize things if they were allowed to sell it. This attack on them really is punishable by a military strike on America, but it's a fat chance Iran would be able to do it.

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    1. Closing off the strait of Hormuz would a simple and effective way of getting at the EU and the US without much trouble for Iran... its effect would certainly be felt over here. An Iran war would certainly have no winners ... mostly the population of Iran and the West would suffer ... and on top of that the missles that Iran has would certainly take out a large part of the US navy. I think it would be a huge mistake to start a war with Iran and underestimate its consequences ... nonetheless it may happen

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    2. The us doesn't attack powerful countries. They also like to inflict pain on civilians. The usa has become very low. Very low people indeed. Sad, used to be great. Free and a place to aspire to. Now it's a place to hide from.

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  3. It would be simple for Iran to print new money and thus take out the cia fake money. its as easy as pie. What a great incentive for the iranians to buy iranian products. who gives a shit about the exchange rate which is always rigged anyway

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    1. In a period of instability, even newly printed money is not trusted.

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  4. Iran should start using Yuan as local currency.

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    1. that would be escaping the US pocket only to fall into the Chinese.

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  5. Iran is moving away from the US dollar thats is a fact. But in this rigged world the RIAL would never be a serious currency becuase of the zionist bankers. The only option iran has is GOLD and SILVER and the last proponenet of that system GADDAFI was killed by a french assassin. The Blowback from the US if iran ever made that move is something the iran's do wanna think about at this moment in time.

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  6. Individuals in Iran can always discover Bitcoin:

    - http://bitcoinmedia.com/irans-dire-straits

    The Farsi version of the MultiBit Bitcoin client needs translation help -- it is just 22% completed:

    - http://translate.multibit.org

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  7. I've read that the Iranian govt. has been encouraging their citizens to buy gold - hopefully they listened.

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  8. I heard some jewelers on long island joking about how it all fell down: Iran overbought its own gold.

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  9. Sanctions against Iran are making their impact, on the innocent working-class people of Iran--and the destruction of the currency may be getting a boost from the CIA. sell my gold

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