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Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis

 
Chrit

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10/04/2012 02:21 PM

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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
Most the world stopped trading in the Rial last year making it near worthless on the world market.

Without the currency circulating its value diminishes, business outside Iran stop taking it as payment because they have no way to spend it.

Now people in Iran cannot even spend their own currency in their own country because businesses cannot use the money to restock store good imported in to the country.

No one is counterfeiting it, it’s the fact no one outside Iran is accepting it as a form of payment due to the volatility of the Rial.

Death spiral continues and will continue because Iran relies on imported goods, they are not large enough to be self-sufficient.

Last Edited by Chrit on 10/04/2012 03:54 PM
I'm only human, it's my biggest flaw.

We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.
Anonymous Coward
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United Kingdom
10/04/2012 02:35 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
why dont they set up a currency based on oil.
Anonymous Coward
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10/04/2012 02:42 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
VERY AWESOME.

Iran is falling. Armedinejad is going to burn in hell very soon.

Iran needs to pay the price for being a nuisance to the United States for decades.

Won't be long now! I can barely contain my excitment. We must invade them already!
 Quoting: Anonymous Coward 23602194


I wouldn't cry if you and those like you passed away sooner than later. You are a disease on Gaia.
Anonymous Coward
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Canada
10/04/2012 03:12 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
why dont they set up a currency based on oil.
 Quoting: Anonymous Coward 1546575


Because you have no clue in understanding how economy works. Neither does majority of GLPtards.
Anonymous Coward
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Israel
10/04/2012 03:26 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
OBAMA tries to suppress knowledge, kill this scientist who discovers what causes earthquakes - PATTERN earth leaves with quakes:

____s_____\______e____\______i_________\________s________\___​_____m_______\__________o______\_____._____\______i_______\__​____n__________\________f_______\_________o_______
Anonymous Coward
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10/04/2012 03:28 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
why dont they set up a currency based on oil.
 Quoting: Anonymous Coward 1546575


Because you have no clue in understanding how economy works. Neither does majority of GLPtards.
 Quoting: Anonymous Coward 1999971


Well that is a dumb statement... even economists don't seem to know how the economy works.. hence the vareious theories of them.
Anonymous Coward
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10/04/2012 03:33 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
i'm sure USA and Iran can negotiate a deal where we get their oil and they get some nice ol' US currency and some other promises.
Anonymous Coward
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10/04/2012 03:34 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
why dont they set up a currency based on oil.
 Quoting: Anonymous Coward 1546575


Because you have no clue in understanding how economy works. Neither does majority of GLPtards.
 Quoting: Anonymous Coward 1999971


Oh, and you do fuck face?
Anonymous Coward
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Germany
10/04/2012 03:52 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
Most the world stopped trading in the Rial last year making it near worthless on the world market.

Without the currency circulating it vale diminishes, business outside Iran stop taking it as payment because they have no way to spend it.

Now people in Iran cannot even spend their own currency in their own country because businesses cannot use the money to restock store good imported in to the country.

No one is counterfeiting it, it’s the fact no one outside Iran is accepting it as a form of payment due to the volatility of the Rial.

Death spiral continues and will continue because Iran relies on imported goods, they are not large enough to be self-sufficient.
 Quoting: Chrit


war seems imminent
Anonymous Coward
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10/04/2012 03:55 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
IRAN is COOL.
Anonymous Coward
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Spain
10/04/2012 04:02 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
the old timers around here mention that when things get economically this bad, it only means one thing. War is coming.

Just look at what the cure for the great depression was.
Anonymous Coward
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United States
10/04/2012 04:06 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
no matter what they say, sanctions have never worked with dictators. They just let their people suffer and keep building their WMD's. It's just a lot of hooey. Sooner or later, they've got to bomb.
Anonymous Coward
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10/04/2012 04:08 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
VERY AWESOME.

Iran is falling. Armedinejad is going to burn in hell very soon.

Iran needs to pay the price for being a nuisance to the United States for decades.

Won't be long now! I can barely contain my excitment. We must invade them already!
 Quoting: Anonymous Coward 23602194


To anyone from outside the country that read this quote, I just want to say that this shill does not represent the majputinority of our population, and is actually an awful human being to say such a terrible thing.
Anonymous Coward
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United States
10/04/2012 04:13 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
osuper

Dam RIGHT!

Our sanctions are working!

Thank You Mr. President!!
Project_Deimos

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United States
10/04/2012 04:20 PM

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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
the old timers around here mention that when things get economically this bad, it only means one thing. War is coming.

Just look at what the cure for the great depression was.
 Quoting: Anonymous Coward 24903444


So true. Plus things get "blown up" and "lost" in the chaos.
"There are known knowns. There are things we know we know. We also know there are known unknowns. That is to say, we know there are some things we do not know. But there are also unknown unknowns, the ones we don't know we don't know."
Anonymous Coward
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United States
10/04/2012 04:21 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
the old timers around here mention that when things get economically this bad, it only means one thing. War is coming.

Just look at what the cure for the great depression was.
 Quoting: Anonymous Coward 24903444


the Great Depression was a consequence of WWI - a rubber band effect of the joy and spending directly after the war catching up with an overspending economy - combined with severe drought that obliterated our heartland and crops. The United States was in a horribly compromised position when Pearl Harbor was bombed. We had already had a generation of young men wiped out in WWI. While it is true that the economy boomed due to some quick, successful strategic decisions and many of us believe - divine intervention - it was at a great cost: Over 406,000 deaths and over 670,000 wounded. It was also largely due to personal sacrifices from nearly every U.S. citizen. People rallied together to save milkweed pods for parachutes, save tinfoil balls for the military, they bought bonds and endured rations of their most basic supplies like sugar, butter, meat and bread. Things like candy bars and oranges were considered a rare treat in many communities. (Candy companies were making chocolate bars with Salt Peter in to send to servicemen overseas.) So...I wouldn't exactly call WWII a "cure" for the great depression. It was the kind of "cure" where they say they can save your life, but they have to amputate both your legs.
Anonymous Coward
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United States
10/04/2012 04:25 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
VERY AWESOME.

Iran is falling. Armedinejad is going to burn in hell very soon.

Iran needs to pay the price for being a nuisance to the United States for decades.

Won't be long now! I can barely contain my excitment. We must invade them already!
 Quoting: Anonymous Coward 23602194


To anyone from outside the country that read this quote, I just want to say that this shill does not represent the majputinority of our population, and is actually an awful human being to say such a terrible thing.
 Quoting: Anonymous Coward 24924490


I would more likely think that the poster you are commenting to was pretending to mock those of who feel that Iran SHOULD be bombed ASAP and their leader is a Satanic tool threatening to kill millions and millions of people.
jcab2002

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10/04/2012 04:25 PM

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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
why dont they set up a currency based on oil.
 Quoting: Anonymous Coward 1546575


Because you have no clue in understanding how economy works. Neither does majority of GLPtards.
 Quoting: Anonymous Coward 1999971


Well that is a dumb statement... even economists don't seem to know how the economy works.. hence the vareious theories of them.
 Quoting: Anonymous Coward 8285424


There are plenty of economists who know how the economy works, but they are ridiculed and shunned and called conspiracy theorists, etc, because their ideal system would not allow for the continual endless looting by the banks.
“We must keep the people busy with political antagonisms."
“We’ll therefore speed up the question of reform (of tarrifs within) the Democratic Party; and we’ll put the spotlight on the question of protection …(for) the Republican Party."

“By dividing the electorate this way, we’ll be able to have them spend their energies at struggling amongst themselves, on questions that, for us, have no importance whatsoever." - United State Bankers magazine, 1892.
Anonymous Coward
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United States
10/04/2012 04:29 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
VERY AWESOME.

Iran is falling. Armedinejad is going to burn in hell very soon.

Iran needs to pay the price for being a nuisance to the United States for decades.

Won't be long now! I can barely contain my excitment. We must invade them already!
 Quoting: Anonymous Coward 23602194


I wouldn't cry if you and those like you passed away sooner than later. You are a disease on Gaia.
 Quoting: Anonymous Coward 24380485


would you say the same thing about Ahmadinejad and his followers if they killed tens of thousands and Jews and Americans as they repeatedly say they want to do? Would your mythological god care about that?
Anonymous Coward
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United States
10/04/2012 04:29 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
the old timers around here mention that when things get economically this bad, it only means one thing. War is coming.

Just look at what the cure for the great depression was.
 Quoting: Anonymous Coward 24903444


the Great Depression was a consequence of WWI - a rubber band effect of the joy and spending directly after the war catching up with an overspending economy - combined with severe drought that obliterated our heartland and crops. The United States was in a horribly compromised position when Pearl Harbor was bombed. We had already had a generation of young men wiped out in WWI. While it is true that the economy boomed due to some quick, successful strategic decisions and many of us believe - divine intervention - it was at a great cost: Over 406,000 deaths and over 670,000 wounded. It was also largely due to personal sacrifices from nearly every U.S. citizen. People rallied together to save milkweed pods for parachutes, save tinfoil balls for the military, they bought bonds and endured rations of their most basic supplies like sugar, butter, meat and bread. Things like candy bars and oranges were considered a rare treat in many communities. (Candy companies were making chocolate bars with Salt Peter in to send to servicemen overseas.) So...I wouldn't exactly call WWII a "cure" for the great depression. It was the kind of "cure" where they say they can save your life, but they have to amputate both your legs.
 Quoting: Anonymous Coward 23681832

bump
Kongored
User ID: 19674390
Sweden
10/04/2012 04:30 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
Well, inflation is about to hit the western world as well will all the open ended quantiative easing going on.

However, Iran has the option of starting a gold backed currency to stave of inflation.
Sure there will be turmoil but as a bonus, almost all debts will be payed off since the current currency will go worthless. Same goes for foreign debt.
Then again, that will make the US attack for sure...
Anonymous Coward
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Poland
10/04/2012 04:35 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
why dont they set up a currency based on oil.
 Quoting: Anonymous Coward 1546575


Because you have no clue in understanding how economy works. Neither does majority of GLPtards.
 Quoting: Anonymous Coward 1999971


Well that is a dumb statement... even economists don't seem to know how the economy works.. hence the vareious theories of them.
 Quoting: Anonymous Coward 8285424


There are plenty of economists who know how the economy works, but they are ridiculed and shunned and called conspiracy theorists, etc, because their ideal system would not allow for the continual endless looting by the banks.
 Quoting: jcab2002


Damn right!
Anonymous Coward
User ID: 24966594
Australia
10/04/2012 05:03 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
VERY AWESOME.

Iran is falling. Armedinejad is going to burn in hell very soon.

Iran needs to pay the price for being a nuisance to the United States for decades.

Won't be long now! I can barely contain my excitment. We must invade them already!
 Quoting: Anonymous Coward 23602194


MORON

The day we INVADE them, your gas prices will be hitting upwards of $10+ a gallon. Im sure that will be way AWSOME.

Fuckin idiot.iamwith
 Quoting: Anonymous Coward 21143965


I use a bicycle. YOU'RE the fucking moron.

And NO, gas prices will not go up $10+ LOL. Where the fuck did you get that from?
 Quoting: Anonymous Coward 23602194


And people only use Gas to drive their cars, it can't effect anything else????Can it????????
Anonymous Coward
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United States
10/04/2012 05:06 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
VERY AWESOME.

Iran is falling. Armedinejad is going to burn in hell very soon.

Iran needs to pay the price for being a nuisance to the United States for decades.

Won't be long now! I can barely contain my excitment. We must invade them already!
 Quoting: Anonymous Coward 23602194


I wouldn't cry if you and those like you passed away sooner than later. You are a disease on Gaia.
 Quoting: Anonymous Coward 24380485


Fuck you and your Mother Gaia hippy.
Anonymous Coward
User ID: 24903444
Spain
10/04/2012 05:16 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
the old timers around here mention that when things get economically this bad, it only means one thing. War is coming.

Just look at what the cure for the great depression was.
 Quoting: Anonymous Coward 24903444


the Great Depression was a consequence of WWI - a rubber band effect of the joy and spending directly after the war catching up with an overspending economy - combined with severe drought that obliterated our heartland and crops. The United States was in a horribly compromised position when Pearl Harbor was bombed. We had already had a generation of young men wiped out in WWI. While it is true that the economy boomed due to some quick, successful strategic decisions and many of us believe - divine intervention - it was at a great cost: Over 406,000 deaths and over 670,000 wounded. It was also largely due to personal sacrifices from nearly every U.S. citizen. People rallied together to save milkweed pods for parachutes, save tinfoil balls for the military, they bought bonds and endured rations of their most basic supplies like sugar, butter, meat and bread. Things like candy bars and oranges were considered a rare treat in many communities. (Candy companies were making chocolate bars with Salt Peter in to send to servicemen overseas.) So...I wouldn't exactly call WWII a "cure" for the great depression. It was the kind of "cure" where they say they can save your life, but they have to amputate both your legs.
 Quoting: Anonymous Coward 23681832


That's very interesting to hear. Thanks. I was under the impression that WWII brought the US out of the depression by boosting the industrial sector with arms manufacturing and machinery, but I never looked at the WWI angle. Thanks again for the history lesson.
King New Jerusalem Russ
son of God New Jerusalem Russell

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United States
10/04/2012 05:17 PM

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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
Sounds like war on Iran has already started.


Thu Sept 7/19/12
John 4:24
God is a Spirit: and they that worship him must worship him in spirit and in truth.
Rom 8:14 For as many as are led by the Spirit of God, they are the sons of God
Anonymous Coward
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United States
10/04/2012 05:17 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
The US dollar has lost more value than Iran's and fucking idiot amerikans don't even know it. Ah haa haaa haaaaaa!!!! Dumb asses.
 Quoting: Anonymous Coward 24951042


wtf
 Quoting: DL




jcab2002

User ID: 24453126
United States
10/04/2012 05:19 PM

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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
the old timers around here mention that when things get economically this bad, it only means one thing. War is coming.

Just look at what the cure for the great depression was.
 Quoting: Anonymous Coward 24903444


the Great Depression was a consequence of WWI - a rubber band effect of the joy and spending directly after the war catching up with an overspending economy - combined with severe drought that obliterated our heartland and crops. The United States was in a horribly compromised position when Pearl Harbor was bombed. We had already had a generation of young men wiped out in WWI. While it is true that the economy boomed due to some quick, successful strategic decisions and many of us believe - divine intervention - it was at a great cost: Over 406,000 deaths and over 670,000 wounded. It was also largely due to personal sacrifices from nearly every U.S. citizen. People rallied together to save milkweed pods for parachutes, save tinfoil balls for the military, they bought bonds and endured rations of their most basic supplies like sugar, butter, meat and bread. Things like candy bars and oranges were considered a rare treat in many communities. (Candy companies were making chocolate bars with Salt Peter in to send to servicemen overseas.) So...I wouldn't exactly call WWII a "cure" for the great depression. It was the kind of "cure" where they say they can save your life, but they have to amputate both your legs.
 Quoting: Anonymous Coward 23681832


That's very interesting to hear. Thanks. I was under the impression that WWII brought the US out of the depression by boosting the industrial sector with arms manufacturing and machinery, but I never looked at the WWI angle. Thanks again for the history lesson.
 Quoting: Anonymous Coward 24903444

If that were true, just imagine how great the economy should have been with constant war over the last 10 years.
“We must keep the people busy with political antagonisms."
“We’ll therefore speed up the question of reform (of tarrifs within) the Democratic Party; and we’ll put the spotlight on the question of protection …(for) the Republican Party."

“By dividing the electorate this way, we’ll be able to have them spend their energies at struggling amongst themselves, on questions that, for us, have no importance whatsoever." - United State Bankers magazine, 1892.
Anonymous Coward
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Spain
10/04/2012 05:20 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
the old timers around here mention that when things get economically this bad, it only means one thing. War is coming.

Just look at what the cure for the great depression was.
 Quoting: Anonymous Coward 24903444


the Great Depression was a consequence of WWI - a rubber band effect of the joy and spending directly after the war catching up with an overspending economy - combined with severe drought that obliterated our heartland and crops. The United States was in a horribly compromised position when Pearl Harbor was bombed. We had already had a generation of young men wiped out in WWI. While it is true that the economy boomed due to some quick, successful strategic decisions and many of us believe - divine intervention - it was at a great cost: Over 406,000 deaths and over 670,000 wounded. It was also largely due to personal sacrifices from nearly every U.S. citizen. People rallied together to save milkweed pods for parachutes, save tinfoil balls for the military, they bought bonds and endured rations of their most basic supplies like sugar, butter, meat and bread. Things like candy bars and oranges were considered a rare treat in many communities. (Candy companies were making chocolate bars with Salt Peter in to send to servicemen overseas.) So...I wouldn't exactly call WWII a "cure" for the great depression. It was the kind of "cure" where they say they can save your life, but they have to amputate both your legs.
 Quoting: Anonymous Coward 23681832


That's very interesting to hear. Thanks. I was under the impression that WWII brought the US out of the depression by boosting the industrial sector with arms manufacturing and machinery, but I never looked at the WWI angle. Thanks again for the history lesson.
 Quoting: Anonymous Coward 24903444


and those numbers are staggering! Over 406,000 deaths and over 670,000 wounded.

I remember it being big news when Iraq war deaths reached 4,000 on the US side and now 2,000 in Afghanistan. (of course they don't mention the 1,000,000 Iraquis)

I think people have really lost perspective these days of what kind of havoc a big war can really have.
Anonymous Coward
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United States
10/04/2012 05:21 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
the old timers around here mention that when things get economically this bad, it only means one thing. War is coming.

Just look at what the cure for the great depression was.
 Quoting: Anonymous Coward 24903444


the Great Depression was a consequence of WWI - a rubber band effect of the joy and spending directly after the war catching up with an overspending economy - combined with severe drought that obliterated our heartland and crops. The United States was in a horribly compromised position when Pearl Harbor was bombed. We had already had a generation of young men wiped out in WWI. While it is true that the economy boomed due to some quick, successful strategic decisions and many of us believe - divine intervention - it was at a great cost: Over 406,000 deaths and over 670,000 wounded. It was also largely due to personal sacrifices from nearly every U.S. citizen. People rallied together to save milkweed pods for parachutes, save tinfoil balls for the military, they bought bonds and endured rations of their most basic supplies like sugar, butter, meat and bread. Things like candy bars and oranges were considered a rare treat in many communities. (Candy companies were making chocolate bars with Salt Peter in to send to servicemen overseas.) So...I wouldn't exactly call WWII a "cure" for the great depression. It was the kind of "cure" where they say they can save your life, but they have to amputate both your legs.
 Quoting: Anonymous Coward 23681832


That's very interesting to hear. Thanks. I was under the impression that WWII brought the US out of the depression by boosting the industrial sector with arms manufacturing and machinery, but I never looked at the WWI angle. Thanks again for the history lesson.
 Quoting: Anonymous Coward 24903444



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