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

 
Anonymous Coward
User ID: 1368733
Iceland
10/04/2012 05:25 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
The communists were counterfeiting Germany's currency on such a massive scale, people had to use a wheelbarrow to carry money to buy a loaf of bread.

Since they got first use of all the counterfeit money, they probably stole half the wealth of the Germans through counterfeiting.
 Quoting: Anonymous Coward 24598823


No, go learn some history, The wermach republic went into hyperinflation due to money printing in order to pay back the bankers for the first world war.
Anonymous Coward
User ID: 24903444
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10/04/2012 05:27 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



 Quoting: Anonymous Coward 15030656


I wish that video was around when I was in school, I would have shown it in class when they were teaching lies!
Anonymous Coward
User ID: 12582603
Canada
10/04/2012 05:28 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
zerohedge.com stated that a war with Iran would increase oil prices as high as $10.00 to $15.00 a gallon. You might ride a bicycle but the economy doesn't run on bicycle power
Anonymous Coward
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10/04/2012 05:30 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
zerohedge.com stated that a war with Iran would increase oil prices as high as $10.00 to $15.00 a gallon. You might ride a bicycle but the economy doesn't run on bicycle power
 Quoting: Anonymous Coward 12582603


I wonder what gas prices would be in Europe...here we already pay about $8 a gallon.
Anonymous Coward
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Poland
10/04/2012 05:34 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.
 Quoting: Kongored 19674390


Plus Iran has oil, can barter it for everything from China. China is biggest importer of Iranian oil and produces all kind of stuff in the world. Worth to mention about India which pay Iran by gold for their oil. Russia supports Iran too. So not so fast with those sanctions, they are hard nut for international banksters.
Anonymous Coward
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Canada
10/04/2012 05:36 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
If there's a massive uprising in Iran, Obama will win ther election for sure
DL (OP)

User ID: 1355544
United States
10/04/2012 05:50 PM

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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
A Hedge Funder Has A Very Interesting Explanation Of Why The Sanctions Are Now Crushing Iran

Iraqi production has gone from a low of less than two million barrels of oil a day at the height of the war, to almost 3.4 million barrels a day this September. The Iraqis have a target of 4 million barrels a day by 2014, which – given the way things have gone in the last year – they are quite likely to meet and perhaps exceed. The increase of 1.5 m barrels/day that has already occurred neatly matches the decline of about 1.5 m barrels/a day that has occurred in Iranian exports over the last year.

Since the West could always quietly abandon sanctions if things went badly wrong in Iraq, serious sanctions on Iran have gone from being impossible, to being almost costless, as a result of the success of the Iraqi reconstruction program. While the public narrative in American politics casts Iraq as South Vietnam and Iran as North Vietnam, making the Iranians the main beneficiaries of the war, in fact that scary old story has nothing at all to do with Iraq or Iran, and the actual outcome of the war, for the Iranians, has been disaster.

[link to www.businessinsider.com]
4D Viewer

User ID: 18513920
United States
10/04/2012 06:17 PM

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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
The US dollar is in the same league as the Iranian rial now?
You Yanks are pathetic.



putin
 Quoting: icewilf

We are no where to be compared to Iran's currency!
1.00 USD = 12,265.00 IRR
Respect yourself
Anonymous Coward
User ID: 24970699
United States
10/04/2012 06:21 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


This is why everybody thinks Americans are stupid. Do you actually think it won't effect you because you ride a bike?
Damn you're Dumb!
Anonymous Coward
User ID: 23508092
Australia
10/04/2012 06:23 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


LOL, too funny. I just spat my coffee out reading this.

However, you do realise tons will not realise you are winding them up and come in hard at you.

Thanks for the laugh ( not for the splattered keyboard though ).

clapparofl
Anonymous Coward
User ID: 24971294
United States
10/04/2012 08:21 PM
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Re: Iran's Currency Plunges 40 Percent, Arrests 16 'Main Players' In Currency Crisis
2194 is sick....