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 ...
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.).