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Originally posted by buster2010
They should have done this when the unwarranted sanctions started. This is a good move on their part.
Originally posted by PrestonSpace
Originally posted by 200Plus
Solution is simple (barbaric, but simple). Stop feeding them. Then stop feeding anyone that does feed them. The oil will flow like water.edit on 23-10-2012 by 200Plus because: (no reason given)
That's pretty much happening their people are hungry and their currency is down what 70%?
This is a last ditch effort to ease the tough sanction. Do you really think Iran's economy could take halting oil exports? It would create some economic problems in the world but I think they and their people would be hit hardest. Oh wait if they really cared about their starving people they would have scrapped the nuclear program by now anyway.
Originally posted by morethanyou
Originally posted by PrestonSpace
Originally posted by 200Plus
Solution is simple (barbaric, but simple). Stop feeding them. Then stop feeding anyone that does feed them. The oil will flow like water.edit on 23-10-2012 by 200Plus because: (no reason given)
That's pretty much happening their people are hungry and their currency is down what 70%?
This is a last ditch effort to ease the tough sanction. Do you really think Iran's economy could take halting oil exports? It would create some economic problems in the world but I think they and their people would be hit hardest. Oh wait if they really cared about their starving people they would have scrapped the nuclear program by now anyway.
Exactly, they care not for their own people. Some here are OK with that, when innocent kids suffer, its OK, it is leveled against the west. Right?
The conventional wisdom that the collapse of the Iranian rial will have disastrous consequences for the Islamic Republic has it wrong: On the contrary, it could be the best thing that has happened to the Iranian economy in years.
Propping up the rial may have fed national pride, and it certainly meant cheap consumer goods -- important factors for the populist Islamic Republic -- but it hurt domestic producers.
These advantages weren't cheap: The Iranian Central Bank concluded that, by 2007, the subsidies were costing Iran $88 billion a year, with Iran's energy costs at 10 percent or less of the international price. Using high oil revenues to subsidize energy was an expensive and inefficient way to help Iranians. A sounder policy would have been to invest in infrastructure, improve education, and make loans available for small businesses -- all policies followed by the Shah of Iran before the 1970s oil boom gave him grandiose ideas. As a result, Iran's economy in the 1960s grew as fast as China's has in the last decade.
As world oil prices rose after 2007, the burden of energy subsidies rose sharply. President Mahmoud Ahmadinejad, meanwhile, saw an opportunity to use these rising prices to his benefit. He made a shrewd political calculation: Rather than subsidizing gasoline and electricity used most heavily by the middle class, who detested him, he would raise energy prices to the global market price and use the money to send checks to the poor, who supported him.