Iran’s Supply of Currency May Be at Risk in Sanctions – Pittsburgh Post-Gazette:
Let me make this clear, we have idiots ruining the Iranian economy. They want to print money and do not care about hyperinflation. Well folks, here is the good news, the mad mullahs cannot print the money. The new EU sanctions will stop them getting any new notes in circulation. Read the quote below:
“Steve H. Hanke, an economist at Johns Hopkins University and an authority on hyperinflation, said that in Iran’s case, limiting the amount of rials in circulation “would solve the biggest problem they have: inflation.”But Mr. Wallace said that in Iran’s economic system, the authorities “must maintain the ability to manipulate their money supply and must maintain the integrity of their currency.” Without sophisticated security and printing technology, he said, “Iran may not be able to do either — hastening the demise of the rial.””
I don’t think the mullahs really know the gravity of the situation they are in. They think they have room to maneuver. These mullah notes will be slowly gathered, and hopefully one day we will have huge bonfire with them. We are getting there.
In the meantime, the Persian Pirates will continue developing their own economy, and the people will deal more and more with them. There is a whole other system running Iran, and the so called “authorities” are paralyzed. They cannot get sympathy, by saying “no medicine is getting through”, because they have put the harshest sanctions on Iranians since 1979. The international sanction are actually hitting them more than the people, who use the Persian Pirates, and get medicine from them.
Iranians are helping Iranians and are by-passing the mullah economic system. But don’t expect mainstream media to tell you this. They have no way of finding out. It is all happening very quietly.