Skip to comments.Hyperinflationary Currency Collapse Is Leading To Big Anti-Regime Protests In Iran
Posted on 10/03/2012 5:45:56 AM PDT by blam
Hyperinflationary Currency Collapse Is Leading To Big Anti-Regime Protests In Iran
Earlier this week we wrote about how Iran's currency (the Rial) is in a state of total collapse, in part due to oil sanctions.
It's obvious that the spiraling cost of things is having a major destabilizing effect.
The BBC reports on protests:
Riot police in Iran have clashed with protesters in the capital over sharp falls in the currency, the rial.
Tear gas was used to disperse the demonstrators, some of whom were setting fire to tyres and rubbish bins. There were many arrests, reports say.
Eyewitnesses told the BBC that scores of people gathered outside the central bank, calling for the governor to stand down, chanting anti-government slogans.
Via Finans Akrobat, here's a video:
(Click to the site to see the video)
(Excerpt) Read more at businessinsider.com ...
October 3, 2012
We just posted a video of the protests that are inspired by the Iranian currency collapse.
Iran's currency, the Rial, is collapsing due to economic mismanagement and in part oil sanctions that are starting to bite.
So how bad is it?
Journalist Reza Asadi posted this chart showing how many Rial it takes to buy a dollar over the last 70 days.
You can see the number's gone bananas.
Note that on the Persian Calendar it's the year 1391.
We are in for the same in the USA no matter who wins in November.
Should we expect to see increasing terrorist activity from Iran in the USA?
The Mullahs have the guns. They don’t give a rip about the Rial, just Allah.
So, given Obama’s track record in the “Arab Spring”, will the Obama regime give covert support to the Iranian rebels or Ahmaheadjob’s government?
Hmm, interesting. Can’t think of another example where sanctions were even partly to blame for hyperinflation and currency collapse.
If things get bad enough with the Iranian populace that they start turning on their government, and the government starts feeling threatened, watch for the Iranian government to pull out all stops to redirect the populace's wrath away from the government and towards Israel and the U.S. by launching attacks that will pull Israel and us into an armed conflict with Iran, all the while telling the populace that it's those dirty Joos and the Great Satan that are to blame for their currency debasement and misery. JMO.
And our braindead moron totus will do absolutely NOTHING won’t even say a word in support of the antimullahs people in Iran and this will all be a replay of the aborted Green Revolution a few years ago in Iran.....
Same crap, different year....
All Obama would have had to do is make a statement....
And people think obama is NOT a muslin.......Idiots, all of them in the MSN......
Meanwhile a ton of young people sick of living in the hell of a theocratic state will be killed via Democide and totus will do absolutely NOTHING because his handler Valerie Jarret told him not to....
Perhaps he's a wool sweater...
Ben Bernanke can print Rials? Who knew??
0bama will aid the Islamist Regime, just like he did last time there was an uprising.
Islamist can count on Hussein for his support. See Syria, Iraq, Afghanistan, Pakistan, Egypt, Libya, Hamas, Hezbollah, etc.
no ??? then they must not have been infidels...
another oct surprise to ratchet up the ‘patriotic, rally round the flag’ bump for the bambam ??? seems that the middle east is about to go boom...
Thanks for the chart of the rial. I was intending to look that up yesterday after reading a Jerusalem Post story about the currency collapse, but forgot.
I wonder whether the US is going to support the Iran protesters this year, unlike three years ago.
do sunnis hate shias ??? when it becomes necessary to exterminate the shia apostates, the US nuke arsenal will be used to do the king of sauds bidding...’we’ did bow to him afterall...
Going nuclear and destroying Israel rank higher than their own people’s welfare. That tells you all you need know about radical Islam. Thanks, Jimmy.
Obama will just be a logarithmic degradation.
Instead of helping those opposing the Iranian government, 0bama's regime will be studying how they put down the protests.
obama is NOT a muslin
Perhaps he’s a wool sweater...
He is a pullover as in he has pulled one over on the American people.
Iran 2012: International sanctions + Islamist/Fascist political system + collapsing currency + racist scapegoating (Jews) => ?
Let me see, this is a tough one, where do we think this is going?
Beat me to it. If only I’d logged on sooner.
And sure, there are differences, like Hitler’s coup attempt in ‘22 or ‘23 failed and he went to prison to regroup, while the Islamist coup in ‘79 succeeded. Hitler harnessed German industrial might, Ahmadinejad is working on getting a nuke for his might.
handler Valerie Jarret told him not to....””
Valerie Jarrett was born in IRAN.
The enforcers of the regime are the basij, who operate as "morality police" and deal with people who speak out against the regime. They are recruited and locally controlled by the clerics of the local mosques. Their role is to enforce Islamic orthodoxy. Most are recruited from the rural poor. They serve as the regime's way to keep the educated middle class on a leash. Visualize if Obama had recruited the underclass here, and made them official "Guardians of Homeland Security", with the legal power to arrest and beat up anti-government elements.
It looks like their currency is on a long slide. When the regime loses the ability to pay the basiji with money that actually buys anything, the regime loses its ability to stay in control of Iran.
“-—another example”-—that’s true. there isn’t. The mideast news agencies have been talking about this for months. Sanctions do explain the shortage of consumer goods simply because the Persians can’t keep their tankers/freighters running and no one else will haul for them for lack of insurance. So the freight can’t get back to mullahland. If that were the only factor the money ratio would not be affected much. It is overspending/ over printing, plain and simple, by the mullahs, that has the value of the Rial diving. They are finding out that their income stream is not big enough to finance all the skullduggery around the world that they have been running. Not to mention their rocket program along with the nuclear enrichment stuff. Their economy simply never was big enough to finance the krapholes they keep shoving money into besides no longer being able to feed themselves due to excessive sister-bangin’ population growth. They had the oil income stream to help them build a modern economy but even oil production has been sliding for lack of field maintenance. As with the other mideast Kingbats they couldn’t stand to do the right thing for the folks——they had it and now you’re watching them lose it. Just too dam bad they have to hurt other people to learn/not learn their lesson.
This is our future if Obozo remains president. Eventually the national debt will be monetized which will lead to hyperinflation and a military dictatorship to tame civil unrest.
I wouldn't be surprised to see someone worse than Ahmadinejad come along next in Iran. That seems to be the general direction the last 50 years when it comes to musli-terrorist leadership: i.e., from bad to worse. Things never get better. Their new leaders are always more extreme and more insane than their old leaders. Good point. WWIII could be our next stop on this insane train.
This is a huge story, IMO. Not something the Iranian regime can ‘fix’ overnight, but on the contrary it’s a situation which could spiral out of their control very quickly.
I hope we are ready to exploit any cracks in the regime’s power base.
no longer being able to feed themselves due to excessive sister-bangin population growth
LOL!!! That's an instant classic.
handler Valerie Jarret told him not to....
Valerie Jarrett was born in IRAN.
Precisely WHY I mentioned her specifically...
Wow, that’s gotta hurt.
Iran protests ping
I was thinking paisley.
I think he tried that... the "civilian defense force," see keywords fedeyeenobama & obamafedeyeen
""We cannot continue to rely on our military in order to achieve the national security objectives we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded." ~ Barack Obama, July 2nd, 2008
"The Return of the Draft," Politics | Fri, Nov 7, 2008 at 10:12:30 am PSTPolitics | Little Green Footballs blog,
:[later discretely dropped] http://littlegreenfootballs.com/article/31851_Obama_Quietly_Revokes_His_Plan_for_a_Draft
Yep, not happy campers.
Thanks for the ping, Piasa.
East and south Asia continue to buy all of the oil that Iran will sell. But the Ayrabbs recently started a tiny bit of a price and currency war with Iran. The wealthier business folks in Iran are the protestors, because their money is worth less. The clerics and their younger troopies own the business/government-funding-connected classes and will only allow them a certain amount of leash before crushing them here and there.
Eyerann is a weird place. The current commotion there will probably come and go pretty quick, although it will probably be more of a real commotion than the university feminist roundup was a few years ago.
That’s how much of Asia works. People get angry enough about a policy or economic fluctuation, they riot. With the various political remedies being cut off and faked-up here, peasants here will behave more like mobs, too. The number of peasants will grow too, as former middle class suckups to the regulatory debt regime are lopped off from the economy (laid off from government-linked-corporate/government jobs, lost pensions, lost phony investments, etc.).