Iran’s currencies, the rial and the toman (collectively referred to here as the “rial”), have been plummeting in perceived value for months now – nay, years, nay, decades – against the US dollar. The rial’s aggressive drop in value Since December 2017 is neither due to core Iranian economic fundamentals which would otherwise theoretically justify a national currency’s skydiving in such a fashion, nor is it coincidental with the wider currency wars being conducted between the global West and East. It is, in fact, the most recent salvo in a precariously heightening high stakes duel of each side trying to collapse the other’s currency – or currencies –and thus harm their wider sense of economic stability. Atlanticists standing behind Dollar Hegemony, and the building Eurasian contingency fighting it, are attacking each other’s currencies, either clandestinely via both technological and deployed trading agent means, or overtly through sanctions regimes, in order to ultimately either maintain, or appropriate, respectively, standards for the future of the world’s economy.
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Show Notes U.S. backs EU Iran sanctions push, warns firms against Tehran trade Iranian banking reforms gain steam after long delay Iran Blames Trump, Saudis, Social Media as Currency Nosedives Iran – And Her “Economy of Resistance” Iran’s currency crisis could bring it one step closer to economic collapse Iran’s Foreign Exchange, Gold Reserves More than US: CIA What’s really driving currency depreciation in Iran? Iran imposes curbs on foreign currency holdings Rouhani Government Unifies Iran’s Exchange Rates in Decisive Move to Stabilize Currency What’s really driving currency depreciation in Iran? Speculative attack on a currency Iran arrests currency traders as rial collapses Iran sets single foreign exchange rate to rescue currency Iran arrests 16 ‘main players’ in currency crisis Iran hit by cyberattack that leaves US flag on screens Stuxnet reached its target via the networks of trusted business partners Order from Chaos – Trump’s new national security team likely spells disaster for the Iran nuclear deal – What happens next? Commentary: It’s time for Trump to pull out of the Iran deal Mnuchin Signals ‘Very Strong’ New Sanctions on Iran Coming Why Iran’s currency dropped to worst low in two decades Iran Blames Trump, Saudis, Social Media as Currency Nosedives How Does a Currency Drop 60% in 8 Days? Just Ask Iran Iranian Cyberspace Authority Says Telegram’s Upcoming Crypto Threatens National Currency Iran’s Ayatollah-Approved Messaging App Includes a ‘Death to Freemasons’ Emoji Iran to Replace Telegram With Homemade App for Sake of ‘National Security’ US confirms it asked Twitter to stay open to help Iran protesters – Obama administration asked Twitter website to postpone temporary shutdown Russia Is Still Trashing Its Internet Two Weeks Into Its Failed Rampage Against Telegram How social media brought political propaganda into the 21st century Bitcoin as Conditioner: Rolling Out One World Currency Global War on Cash and The Blockchain: A One-Two Punch for Complete Control The “Pricing” of Bitcoin vs. Gold Is Meant to Herd the Masses Venezuela’s “Petro” Cryptocurrency: Money in Revolt US Debt Clock.org Federal Debt: Total Public Debt as Percent of Gross Domestic Product UK government debt and deficit: December 2017 France Government Debt to GDP 1980-2018 Iran Government Debt to GDP 1996-2018 Russia Government Debt to GDP 1999-2018 Turkey Government Debt to GDP 2000-2018 China Government Debt to GDP 1995-2018 Sizing Up China’s Debt Bubble: Bloomberg Economics China Foreign Exchange Reserves 1980-2018 China Holdings of U.S. Debt Rose in 2017 by Most in Seven Years China Gross Savings Rate – 1952 – 2017 Neck and Neck: Russian and Chinese Official Gold Reserves Gold reserves of largest gold holding countries worldwide as of November 2017 (in metric tons) Estimated Chinese Gold Reserves Surpass 20,000t Russia Wants To Drop Dollar For Oil Payments Russia & Iran drop dollar trade by extending oil-for-goods supply agreement Belt and Road Initiative and China-Iran cooperation De-Dollarization Continues: China, Iran To Eliminate Greenback From Bilateral Trade Iran and Russia Plan to Isolate America with the U.S. Dollar – and They’ll Succeed Iran-Russia Ties Set to Expand Iran-China Traders Agree to Sideline US Dollar Iran’s Trade With Turkey Tops $10 Billion Russia, Iran, Turkey mull unified payment system Russia Mulls Introducing Mir Banking Payment System in Iran SHETAB the System Behind Card-Based Transactions in Iran The world’s top five countries with highest natural gas reserves Top 20 Countries With The World’s Largest Proven Oil Reserves Petro-yuan to launch renminbi as global currency & kneecap petro-dollar Experts: Chinese Petro-Yuan to Threaten US Petrodollar Dominance Venezuela’s “Petro” Cryptocurrency: Money in Revolt Troubled Currencies Keeping Putin’s Hands Off Argentina’s Oil The Troubled Currencies Project A Joint Cato Institute – Johns Hopkins Project Steve Hanke – Wikipedia Dollarization for Argentina Is the COMEX Rigged? Here’s how ‘the cartel’ rigged the currency market The question isn’t whether the market is rigged, but how much There May Be a Smoking Gun in the Lawsuit that Accuses Banks of Rigging the Bond Market James Rickards Biography – Johns Hopkins Alumni Association Video – Jim Rickards: Currency Wars Simulation Video – Carnegie Council | James Rickards: Currency Wars Video – Jim Rickards: Iran’s Currency War Video: James Rickards – The Derivatives Market Is One Quadrillion Dollars In Size Turkey Takes Possession of 220 Tons of Gold Repatriated from Federal Reserve-Rory Hall (20/04/2018) Turkey Will Repatriate All Gold From The US In Attempt To Ditch The Dollar Turkey and Russia Highlight Gold’s Role as a Strategically Important Asset Russia, Iran, Turkey Form $7B Oil Deal Japan General Government Gross Debt to GDP 1980-2018 The national debt increased in Belgium Government debt fell to 88.1% of GDP in euro area – Down to 82.5% of GDP in EU28 National debt in EU countries in the 3rd quarter 2017 in relation to gross domestic product (GDP) China won’t repeat Japan’s Plaza Accord mistake China, Japan and Economic Interdependence in the Asia Pacific Region Global Derivatives: $1.5 Quadrillion Time Bomb Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP The New York Fed is understating the impact of a $500 trillion market Financial Weapons Of Mass Destruction: Top 25 US Banks Have 222 Trillion Dollars Derivatives Exposure Newsbud Exclusive- Oil on Gold: The Demise of the Ponzi Petrodollar via a Sustainable Multi-Commodity Eastern Alternative Newsbud Exclusive- NATO’s Currency War against Turkey: Comparative Resistance & Solutions Papers Oil On Gold: Exploring a Hard Asset, Multipolar Alternative to the Petrodollar Standard NATO’s Currency War Against Turkey: Comparative Resistance and Solutions Books Currency Wars by James Rickards Iran and the Global Economy: Petro Populism, Islam and Economic Sanction – edited by Parvin Alizadeh & Hassan Hakimian *For additional footnotes and links refer to the Newsbud article link above https://www.newsbud.com/2018/05/01/western-sanctions-against-iran-vs-expected-eastern-blowback/