Economy is for donkeys

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David ET
by David ET
06-Dec-2007
 
"Economy is for donkeys": Ayatollah Khomeini Ayatollahs & Rial's misery

Just as the strength of a corporation is reflected in the price of it's stocks, the strength of a nations economy can also be simply gaged by the value its currency.

Before the Islamic revolution in Iran the value of US Dollar to Iranian Rial was approximately 70 to one. 28 years later, US dollar trades more than 9000 times Iranian Rial reflecting more than -127% depreciation in Rial's value vs. Dollar (5% per year)

While the price of one barrel of oil has tripled from $30 to $90 in the past 5 years, Iran being OPEC's second petroleum exporting country in the world (4,000,000 barrels per day!), the value of it's currency has reduced by -93% in comparison to Euro and -14% versus US dollars during the same time period! (

The substantial drop in value of Rial while its income from oil has tripled in the past 5 years is an obvious reflection of poor economic of policies of Islamic Regime in Iran as well as a proof that Iran's oil income has been grossly misappropriated (and stolen) by the Ayatollahs instead of being directed to production within its own economy.

A comparison of Iran's currency to most countries in all the 5 continents of the world from Africa to Asia, Europe, Australia and America, shows how miserable the devaluation of the Iranian Rial and economic policies of Islamic regime has been:

Currency valuations vs US Dollar 11/27/2003 to 11/27/2007

BRAZIL REAL +63%
CANADA DOLLAR +32%
SUDAN D INAR +31%
PHILIPPINE PESO +30%
S KOREA WON +29%
EUROPE EURO +24%
KAZAKHSTAN TENGE +23%
RUSSIA RUBBLE +22%
AUSTRALIA DOLL AR +22%
NIGERIA NAIRA +20%
TURKEY LIRA +20%
U GANDA SHILLING +16%
MALAYSIA RINGGIT +13%
LI BYA DINAR +11%
KUWAIT DINAR +7%
MEXICO PESO +3%
JORDAN DINAR +0%
IRAN RIAL -14%

$ BARREL OF OIL +200%

Data source: //www.oanda.com/convert/fxhistory & //education.yahoo.com/reference/fact book/countrycompare/oil/2d.html;_ylt=AowoN NDsS6QX6cYJEIqWaVPPecYF

 

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what do you expect?

by MRX (not verified) on

when bunch of olagh and bikefayat are running the country! In a normal progressive society these kind of folks will be doing mineal jobs, may be washing dishes or some thing!

Some one said it here briliantly. look at Turkey next door with hardly any natural resources and look where they at. Blaming sad state of economey on sanction, bush, neo cons and shit like that as idiotic as when Arabs blame state of Isreal for their problems!
Come on the blame lies on this islamic sewer republic!


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RE:Anonymous½

by XerXes (not verified) on

FYI: I am an software developer and live in the west, never needed a handout and won't take any if offered. Why is it that you think that? just because I don't say javid shah? if I said that would you accuse me of getting "money" from Reza shah? That's how stupid that sounds. Read my comments and think which part hurts you the most and we can discuss that rather than accusations. I am not pro IRI but don't think IRI is the absolute problem that Iran has. Now you want to educate me fine, I am always willing to learn. But you what you are saying and I hear mostly from Iranians abroad is nothing new and different from Fox or CNN. What I am offering is for people such as you to look at the situation with an open mind and inform yourself. You think the world is against Iran because they are "bad"? Do you think the raping of the people is exclusive to this IRI? What do you think people need to do in order the sufferings that you are so concern about stops? What is it that you want? Shah or a pro western government that has a better image, because you know you won't just have democracy in Iran because the world admires your eyes. What would change with the regime change? what happens to the people that still have a traditional beliefs. you might not know this, but Iran is not northern Tehran. Take a close look at the country of Iran and you maybe able to understand Iran better. Our problems are economical not political and most of that is the gift from the West, not IRI. If we can't connect let's just say we disagree about Iran and leave it at that, instead of cheap accusation.


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xerexes: Obviously, you are

by Anonymous½ (not verified) on

xerexes: Obviously, you are clueless about how the world economy works and don't understand GDP or Income per capita analyses. And it is also apparent you could not give a hoot if the mullahs plunder and rape the limited national wealth of iran by their mismangment and thievary as long as you can get a piece of the pie.

I don't have time to educate you but I wonder how much you stand to lose if the regime collapses??? What is at stake for you personally?


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No Answer?

by XerXes (not verified) on

What are your comments about the facts? You may check them anywhere on the net, and I urge you guys to do so. If I am accused to watch ISNA then I would say you watch Fox and Jerusalem Post. I am not sure if they are any better. Actually you are repeating what the Western media is feeding people for a long time, so nothing you say is "new". I do feel the same arrogance in your writings as the American media too. When US goes to Iraq and destroy a nation, their arrogance justifies it. But I have noticed that there is no use talking to some people, as I have mentioned in the last comment, if you hate IRI then you become blind to see other real things that are happening in our region and country. So believe what you like and I am still not sure what you are trying to accomplish. revolution?


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xerexes: You've been reading

by Anonymous½ (not verified) on

xerexes: You've been reading too much IRNA and ISNA and bought into the Islamic REpublic's lies about their state of economy and manufactured and bogus numbers. The proof is in the pudding...One out of 16 Irainian is a drug addict and prostitutionm sigheh, and sex-traficking is a major industry run by the IRGC as a way to combat poverty in Iran.

Turkey has the 18th largest economy in the world. According to your logic, Turkey is the major power in the region not Iran. Iran is way in the bottom of the list in every industrial and economic indices possible. you're a fool and lazy not to do your own research. STop regurgitating IRNA and official line of the etelatis.


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Iran's oil problem: Absolute

by Anonymous½ (not verified) on


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RE:Isolationist

by XerXes (not verified) on

I would ask you to read your facts again. I agree that they are no absolutes and IRI is not blameless for many of the misfortune that has happened to Iran but I disagree that it has been IRI who has done all you have said. First let's agree that the west and the United States doesn't give a damn whether the Iranian regime kills her own people or not. They support regimes worse than IRI and that proves my point. Second let's also remember that Iran has three times (Based on U.S. media) asked the United States to consider friendship. Actually against the popular beliefs Iran has been very open and has shown much more maturity verses the American regime. Iran wants somethings for giving up her "RIGHTS" of being the regional power. United States doesn't want to give it to Iran. One main reason is that the United States is afraid about China and wants her military presence and total control over the region, and Iran is on the way. So your logic is lacking these issues. Iran is not doing anything wrong, specially when you speak from the foreign policy perspective. The west on the other hand have been lying, cheating and putting unnecessary pressure against the Iranian nation. United States wants a Yes man in Iran and Iran is not that. That is the problem and everything else is an excuse. Iran will win because they are playing the western hand with a better cards, since they belong to the middle east and the United States does not. United States has a choice, as she had always, to recognize Iran as a player in the region and allow Iran to have access to the economy of the middle east and Iraq. Iraq's economy (about 70%) is based on Iranian manufacturing and contracts, and that pisses the United States. This shows that the United States lies about the involvement of Iran in Iraq for instability, since it is more beneficial for Iran to have a secure Iraq. This is one reason that the US has taken Iranian hostages and has not release them yet. Also has not allowed the red cross to see them either. Talking about the world class power who claims is democratic. I think re check your facts and be fair. I don't believe you'll find other than what I am writing here. These are the truth, not what is mostly being broadcast in the Western media. They have agenda, Iran does too, now it depends on you to make a choice as far as who is right. IRI has some hand in the problem but unlike what you have said, IRI is not an isolationist and does not have a choice. I admire the Iranian policy makers who do not bend over to have something going in their behind, because the west will do it if they can as they always done it to Iran, and IRI is not allowing them, (yet!) UAE and other countries that you have mentioned are not even worth for me to go in to discussion and say why the west allows them to be what they are. I can't write more about this, I think I have mentioned the base to built your knowledge and you are free to get more facts in your own time if you desire...


David ET

Isolationism

by David ET on

It has been the CHOICE of the Islamic regime to be isolated and to be at a self-claimed war with the rest of the world. The Ayatollahs and their policies are directly responsible for Iran's economic isolation.

Due to the new global economy, it has been to the benefit of the Western powers and corporations to see a growing economy in Iran as they have supported the same in Turkey, Dubai, all other Persian Gulf countries, Azerbaijan, Armanistan, etc etc. The world economy in Asia, Africa and South America has substantially been growing also.

The policy of expansion of Islamic revolution to Iraq was one of the main causes of Saddam attacking Iran. Even when Iran had the upper hand and Saddam offered peace, Ayatollahs CHOSE to continue the war until they reach Karbala which of courses ended in more destruction of Iran's economy to the point of accepting peace years later at a position of "poisonous" weakness.

The policies of meddling in the affairs of Lebanon, Palestine and Israel with Iranian financial and military support of Hezbollah and alike have been the cause of Iran's economic isolation

The denials of historical facts such as Holocaust has been the cause of Iran's isolation.

The choice of Ayatollahs to hold Americans hostage for one year has been the cause for Iran's isolation.

Killing regime's opponents in the Europe's countries has been the reason for Iran's isolation

Killing Canadian citizens such as Zahra Kazemi and imprisoning Iranian-American Scholars has been the reason for Iran's isolation.

Mass murdering its own citizens so many times in the past 28 years including the last public executions of so called thugs has been the reason for Iran's isolation

Executing children under 18 against international laws has been the reason for Iran's isolation

Dubai has a small port and has become a commercial center in middle east and Iran with so many ports on Persian Gulf and Caspian Sea and being a bridge between Asia and Europe, Northern neighbors and Persian Gulf could have been the most powerful and economically most affluent nation in the middle east if it was not for the isolationist, 1400 year old economic policies of Ayatollahs and for the un-democratic self serving pocket filling policies of Ayatollahs.

If I throw stones at my global neighbors , I can not complain why I am isolated later ..

Having said all that, the astronomical oil income of Iranian people has been grossly missapropriated in the past 28 years which has absolutely nothing with Western powers but the power of greed of Ayatollahs and the Co.

NO economy is NOT for donkeys: //thirdrail.smorgasblog.com/archives /donkey.jpg


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People don't change

by Sasan agha (not verified) on

I think many people are the same while Iran is changing, that's why the Iranian foreigners don't understand Iran and are in a lala land.


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To reply

by XerXes (not verified) on

What I have said in my comment is not wrong. I am not saying that the IRI is the best managers of money and economy, yet my point is to be fair. I don't think the Iranian economy would've been in such shambles if:
1-The Western nations paid the balanced that they owed to Iran, some estimated 100 of Billions that the Shah had either invested or purchased goods from them.
2-Eight Year imposed war supported by your democratic nations while at the same time sanctioned were in place
3-The continuation of threats by the western nations that forced the regime to rethink its strategies towards the future developments and growth.
And more but you get the idea. Now with all these, the IRI has been able to manage to help the production of the country, anything from simple nails to heavy industries, along with progressive plans and developments in the fields of agriculture and produce. If no Sanction, the Iranian production has better than good ratings, which could easily be sent to the European countries. I believe that the West is very aware about the potential of Iran and wants to continue their pressure to divert the attention of the world from her strengths (This is especially true for Iran’s neighbors that might want to copy IRI if successful). Remember that one thing no one can give or take from you is the knowledge of technology, which Iran has today and that has given the Iranians the realization of their capabilities. Granted that the potential is not used, but again, you must be fair, that's all one could ask. Economically speaking, the threat for the West is a country such as Iran that is "Khod-kafa" and people have "khod-baavari" to be also a Middle Eastern power house. The economical pressure that continuous doesn't allow the IRI's record to show the positive sides that could be built upon. The pillars are there, just needs investments. Now, the issue of the Iranians today, and by that I mean the possible majority, is economical rather than political. The west is also aware of that. The final question is whether one thinks that IRI is can be reformed? To some the only way is revolution, to me a revolution would throw Iran back and demolishes the technological knowhow that the country has been invested in heavily. Remember that although Iranian regime is authoritarian, yet the hints of democratic governing bodies are all over it. It is Islamic but more and more by name only. What I would say is that, we took a few steps back, allowed our traditions to take charge that included many many mistakes politically and economically, and gradually the regime is maturing. The IRI people that were uneducated and Arabized, are becoming educated and liberal. This gradual process is natural when "revolution" occurs (refer to the meaning of revolution). Now I would say within some 5 or less year, we should gradually take the fruits of this revolution, and I believe we are seeing prove of that. For those who just hate IRI, it's hard to prove anything, but be fair. Iran has a culture that is gradually modernizing. It was traditional and if Shah or Mosadegh would be in charge, would not be able to bring "democracy" or "human rights" and all those nice words in to Iran. People need to mature and modernize their culture. IRI is a tool, not the mean. It has more chance to reform than if Iran was under Shah, MKO, or some socialist regime. I would say that revolution against Shah was wrong for the same reasons that I have mentioned above. It was wrong then and it is wrong now. Plus it's not realistic, since no Iranian would go on street for there is no real opposition of ideologies. If the west "Az Khar e Sheytun" biyaad paayeen, and treats Iran with a respect that she deserves then I am certain reform would be right around the corner. Remember that IRI has not been against education or technology, and Iran today allows even sex change operation for free. Back to economy, I do think that Iranian technology has grown dramatically. We lived in a country that could not make a needle, now look at Iran. Would shah do better? Probably, but Shah is gone. To change IRI today to me is another huge mistake since I do not see the west "allowing" Iran to have a modern and democratic regime. Also the next regime would be the Nokar of the west, GUARANTEED. Sorry for the long comment but you asked me to bring out my points. Hope you read this carefully and with an open mind.


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Xerxes

by an observer (not verified) on

how ironic that someone who calls himself Xerxes does not think that this regime is at fault for the poor economy!
granted the economy in Iran is somewhat influenced by the west and the sanctions, but where does all the oil money go to?
oil prices have risen tremendously and what does IRI have to show for it? it's not like the country is not selling the oil, it actually has one of the highest volumes of oil export in the world, but poverty and unemployment are at all times high.
Where is this money going that is not being spent inside the country?

instead of attacking the writer, you should educate yourself and learn that Khashayar shah was a patriot.


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Off Topic: XesXes Guy

by Mehrazar (not verified) on

This XesXes guy is a pathetic goon spewing garbage everywhere. His brainless comments are for only discrediting others. Piss off from Iranian.com you dimwitted piece of crap.


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Xerxes is a complete idiot

by Jesus (not verified) on

I have rarely seen complete idiot in every sense of the word, but Xerxes fulfills the description to its fullest. He think like his masters, he thinks he can fool all of the world all the time!

Mismanagement, corruption, and lack of understanding of basic economic principles are the causes of Iranian miserable economy, not Bush. It is been a 30 year event.
It is futile to lecture these kind of fanatic morons. Simply futile.


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To: XerXer, If disagree with figures, challenge it,

by aaj sr (not verified) on

There is not much you can say against solid facts and logic. If you disagree with the figures, challenge it otherwise you are banging your head to a solid wall. I understand you may have sympathy toward the Regime, but you cannot deny the fact of figures. Instead of bitting around the bush and making fool of yourself, agree with it, even though it's bitter, pass the above few messages to IRI and remind them this is 21st. century, and their every move is under scrutiny. Soon or later they have to answer for all their atrocities against Iranian people since last 30 years.


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A typical answer to who done it

by IraniValiAzad (not verified) on

Zerzer, borrowing a line from his/her employers, blames US/West for miserable shape of Iranian economy. Mismanagement by ruling islamic goons in every aspect from economy to foreign polcies, etc. is the true cause of sorry conditions in Iran.

As "Anonymous½" mentioned, investing in Kerman/Bam area would have brough employment and somewhat prosperity to that region, however, Iranian funds are used to bring economic growth to Lebanon (to give them more influence power).

Show me a moslem scholar who speaks of Iranian nation interest and I will show you a hypocrite "Shayyad".


Ben Madadi

Currency and Stocks

by Ben Madadi on

Governments have often printed currency in excess, therefore rendering it less valuable, because of the inevitable inflationary reaction. Companies can also issue new stocks, but when companies do issue new stocks investors know about this, while governments that have often irresponsabily printed money have kept the deal secret, therefore kinda screwing those they pay.


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Bush has been in office for

by Anonymous½ (not verified) on

Bush has been in office for the past 6 years and the sanctions were ´just imposed a few months ago. This devaluation has been true for 28 years. Not only that the mullahs are plundering Iranian national resources in the most inefficient ways. THe inocme per capita of Iranian is less than $8000 and the GDP less than $3000. In a vastly resource rich country more than 40% of Iranian live below poverty level while xerxes and his ilk are paid to be mozdoors for the islamic republic abroad and South Lebanon is being rebuilt by Iranian national wealth while Bam is still a wasteland.


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Be fair

by XerXes (not verified) on

Are you blaming the economy on IRI? Let's just quickly review facts and the reactions of the west against the Iranian people and companies before anyone jumps into the conclusion. It's not fair to bring about the problems with the Iranian currency and economy to IRI only. For example the author should be well aware about the western propaganda against the IRI and its nuclear activities and the recent lack of support from the banks worldwide to Iran. This unjust and unfair act should be blamed on the Bush and his administration, and the "wise" Iranians should stand against this criminal act. Instead, this great thinker and economist of the 21st century, has chosen to ignore those and like the neo-cons radio stations (aka Rush Limbaugh), brings you so called "facts" on the table without pretext and real historical background. This would obviously work on those who are lazy not to find facts for themselves, just like the neo-cons who are blind and have become arrogant as a result. David ET, I have one answer for you, ET home!