Thursday, October 4, 2012

Iran Sanctions Causes Currency Devaluation and Protests In Tehran.

  • 40 Per cent drop in value is real cause for panic.
  • Prices stay the same?
  • U.S. should fuel the protest.
  • This would be a better alternative than the devastation of a former friend of the U.S.
An excerpt from the news report,
Ahmadinejad’s been reduced to begging Iranians at press conferences not to convert their currency, which has lost four-fifths of its value this year, to something more stable. Israel, meanwhile, is sufficiently impressed that’s it veering away from the war track and towards calling for more sanctions. (Over the weekend, Israel’s finance minister claimed that Iran’s economy is on the verge of collapse.) One expert put it this way recently for WaPo:
  • Shops are closing, they have purchased their wares at higher prices and now must sell at a devalued currency.
  • An the nuclear war machine grinds onward! 
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