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Hyperinflation has struck again, this time at ground zero of the most sensitive geopolitical conflict in ages: Iran. EA WorldView reports:
An EA source reports that a relative in Tehran ordered a washing machine for 400,000 Toman (about $240) this week. When he went to the shop the next day, he was told that --- amidst the currency crisis and rising import costs --- the price was now 800,000 Toman (about $480). Another EA source says that the price of an item of software for a laptop computer has tripled from 50,000 Toman to 150,000 Toman within days.
And so the opportunity cost for the Ahmedinejad regime to preserve its status quo gradually grinds to zero, as the entire economy implodes (courtesy of a few strategic financially isolating decisions) making further escalation virtually inevitable, in a 100% replica of the US-planned Japanese escalation that led to the Pearl Harbor attack, and gave America the green light to enter the war.
The sheeple don't know what is happening in Iran right now, they'll believe the MSM when they say that the attack was ``out of the blue``...
Originally posted by boncho
The sheeple don't know what is happening in Iran right now, they'll believe the MSM when they say that the attack was ``out of the blue``...
If there is hyper inflation in Iran it is probably due to the way the Iranian authorities run the country.
STOP your Nuclear Programme and sanctions go away.
Is Nuclear Fuel THAT important?.. No.
Is a Nuclear Weapon THAT important? Yes.
lets forget about the Flood in Thailand that is creating an electronics part shortage
Prices have gone up and who to say a fellow Iranian isn't above screwing their fellow Iranian with prices ?
One country (the US) shouldn't be able to have so much power over the world.
Originally posted by CALGARIAN
STOP your Nuclear Programme and sanctions go away.
Is Nuclear Fuel THAT important?.. No.
Is a Nuclear Weapon THAT important? Yes.
Originally posted by Vitchilo
]Originally posted by paraphi
If there is hyper inflation in Iran it is probably due to the way the Iranian authorities run the country.
Nope. Since the US has imposed financial sanctions in Iran, their currency has plummeted by at least 50%.
Originally posted by Vitchilo
One country (the US) shouldn't be able to have so much power over the world.
Originally posted by paraphi
Originally posted by boncho
The sheeple don't know what is happening in Iran right now, they'll believe the MSM when they say that the attack was ``out of the blue``...
People who use the term "sheeple" are patronising twits. No disrespect intended.
If there is hyper inflation in Iran it is probably due to the way the Iranian authorities run the country.
It's all too much. If it is not going right in Iran then someone else is to blame. If there's riots on the streets then it’s the Great Satan, Little Satan or some other Satan doing it and NOT because the population are sick of repression, sham elections, police state rules and fear. It’s never because the Islamic Republic is run by people who don’t give a toss.
Blame everyone else, that's the policy here. It "cannot be us" because we're the Islamic Republic.
Regards
In total the markets will be more nervous and the risk premium included in oil prices will go up. Iran and the other Persian Gulf countries will make more money. Everyone else will have to pay more for oil with the price increase for the "west" likely much higher than for the "east". This while the "west" is in economic trouble and the "east" is still expanding.
It will be the most stupid self inflicted wound world policy has seen for a while.
Originally posted by Vitchilo
One country (the US) shouldn't be able to have so much power over the world.
Originally posted by USN1983
Originally posted by Vitchilo
One country (the US) shouldn't be able to have so much power over the world.
If the U.S. wasn't the most powerful nation in the world, some other
nation would be. I'd rather it be one of the good guys in charge.