On Sunday Iran’s Foreign Minister Mohammad Javad Zarif admitted to the Iran Chamber of Congress that the collapse of the 2015 nuclear deal would have “very dangerous consequences” for the country. President Donald Trump has withdrawn the United States from the deal he said was disastrous from the beginning.
According to Reuters, the Iranian rial [the currency] plunged to a record low against the United States dollar on the unofficial market on Sunday, continuing its slide amid fears of returning U.S. sanctions after President Donald Trump in May withdrew from a deal on Tehran’s nuclear program. The dollar was being offered for as much as 87,000 rials, compared to around 75,500 on Thursday, the last trading day before Iran’s weekend, according to foreign exchange website Bonbast.com, which tracks the unofficial market.”
Several Iranian media outlets had reported the same news.
Today following to the shocking #Iran's currency devaluation, shopkeepers in the Alaeddin & Chaharsu Bazaars of #Tehran started protest. This might trigger a series of new strikes and protests against #Iran's Islamic Regime across #Iran which will lead to #IranRegimeChange. pic.twitter.com/038BdTbLVn
— Babak Taghvaee – Μπάπακ Τακβαίε – بابک تقوایی (@BabakTaghvaee) June 24, 2018
Radio Free Europe reported that Zarif told the Iran Chamber of Commerce, “We can talk the deal up, or talk it down. But we should know that a failure of the deal will have very dangerous consequences for us. This is certainly not the [Iranian political] system’s choice.” Radio Free Europe noted Zarif said the failure of the deal could leave Iran politically isolated.
Trump pulled the US out of the Iran nuclear deal in May, after many warnings and eluding to such prior. Although Iran had vowed “severe consequences” should the US decide to withdraw from the deal, Trump made the decision to do so.
The key reason that President Trump must not only not recertify the Iran nuclear deal but outright abrogate it is because Tehran is explicitly and demonstrably out of compliance with the agreement on numerous specific counts. Further, after the Iranian regime was caught in 2002 operating a clandestine weapons program in violation of the Nuclear Non-Proliferation Treaty — conduct underway for at least 14 years — and has never come clean about that program, it cannot be trusted to adhere to any other agreement. –USA Today
Of course, now reports are coming in that an Iranian currency collapse could mean the Trump is “winning” in Iran as the rial collapses. But those cheering shouldn’t get too excited. The US is on the course of a dollar collapse of their own making too and the ruling classes never suffer during such collapses, only their tax cattle (civilans) pay the price.
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Heck yeah , no more pallets of money from Obama .
Obama did so much illegal shit it was unbelievable. It is time for a fourth branch of government. The fourth branch that would do nothing but prosecute corrupt politicians.
If you haven’t noticed, Trump has vacated all of Obama’s accomplishments except Obamacare.
That is because all of Obama’s accomplishments were done through executive order, not congress, so with the stroke of a pen Trump has vacated them.
If the Chinese Yuan replaces the American Petrodollar as the world reserve currency the Federal Reserve system will collapse.
We are in for one heck of a reckoning.
The “petrodollar” is an agreement not a currency – reserve or otherwise.
I have traveled to 12 other countries in my time, none have the living standard that America does.
There are only about 8 countries in this world that has a high standard of living.
I think that monuments, like pyramids, Cathedrals (which took hundreds of years to build), bridges to nowhere, nuclear and space tech, are intended as a noble lie, fool’s errand, or raison d’être, like Captain Ahab’s white whale.
Said industries were monetized, so that the currency would collapse without them.
We have seen this same issue with dotcoms, housing, colleges, specialty medicine, and renewables (like Solyndra and retarded Musk busywork).
Even if you believe in Galen Windsor, who said it’s just not that dangerous, or that the Lucifer Trust would consolidate all such materials, they are still rarer than gold.
A monetary collapse is not necessarily a bad thing.
After a collapse their would be a reset. Then all would be well.
Just don’t have you assets in cash.
There will not be a RESET? it will be a skyrocket to a stone age existence. your gold and silver will not even buy a can of beans.
Gold is nothing more than a financial conveyance, can only be a hedge against inflation, for so long as there is at some kind of market and an agreeable pricefixer.
In Zimbabwe, where the price was fixed, artificially low, I defy you to sell it for higher. They still scrounge for it, in a stream, like our aluminum cans and recyclable plastics, for a bite of food or maybe some booze.
This is not intended to be a condemnation of money, altogether; it serves a useful, temporary purpose. So did any number of ancient mediums of exchange, from salt to wampum shells and tulips, which have an objective, material presence, but not much value, unto themselves, without some kind of mania attached.
If that causes you to do wrong, you are in danger of judgment, as from On High.
“They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.”
— Ezekiel 7:19
“Go to now, ye rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted, and your garments are motheaten. Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth. Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. Ye have condemned and killed the just; and he doth not resist you.”
— from James 5
It would seem that Trump makes the right chess move again.
?
China and India have encouraged citizens to buy gold for decades. Asians living in America have been buying gold for decades.
White Americans of European descent are too trusting by nature, to their detriment. Buying gold and silver coins is not only an edge against inflation, it is an accepted international exchange. Time has proven, gold is king. He who has the gold and guns makes the rules.
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BfCA.
Take one of your 1/10 ounce gold coins down to the gas station, fill er up, and get your change. Let us know how that works out. I’m curious.
Relic:
You make a good point.
One can not use gold or silver coins for trading with corporations, or their outlets. However, if John Doe has a gallon of gasoline, he might be more than willing to part with it for a gold coin.
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You know darn well that the people at the gas station have to take currency or cards, as ordered by their superiors.
They won’t even take $50 bills at a gas station.
Your premise is illogical.
Iran becoming Venezuela. COOL!!! Will they eat PIG now?
Sgt.
Let those Ragheads swim or sink by their own hands. Its not the USA’s responsibility to enable any other nation or country. America First.
There are only two types of people. Those who hate gold and silver and laugh at those who buy it or those who invest a bunch in it. I think that 10 or twenty thousand in metals is a good hedge should things fall apart and if nobody wants it you can sit on till it’s traded again. Very little indication that it will go away any time soon. I think more likely dollars will lose value. They may still be accepted but you may need more than you can make to buy food. Spread it around. Only my humble, and often wrong opinion.
Just who are you gonna trade that gold to after SHTF WROL. If you come to trade your gold to me Whats to keep me from just killing you and taking your gold. And no matter what the county will still have to accept the paper cash for your property taxes. They don’t and likely will not ever accept gold. Unless its in the form of a USA minted coin. And buying food? there will not be any food for sale.
Wining wining – Mr. president I am not tired yet!!
Liberalism is a demented Satanic Cult— Hate hate hate America is sooo Bad
Old Guy;
Puhlees, I don’t care if you hate metal. I’m an old guy too, literally. I’m not rich but I’m certainly not poor. Did I say that all I have is metal. I doubt that I will be coming to you to trade gold or silver for food or whatever. It’s simply a tool in the toolbox. We grow a lot of our own food now and could make the change if necessary. I wish I could live 50 more years just to be able to test my prepping ideas. Threatening to kill me seems a bit extreme. I bet if you met me you would like me. If I could I would do a huggy kissy emoji! Just kidding I have seen your posts for years.
My point is think of the old west. It was dangerious trying to trade with the Indians or anyone else. There was no law to speak of. Just whoever was meanest and could back up their position. The cattle barons thought the west was theirs to graze for free. They owned the places with water. Then comes the sod buster and homesteads a Quarter Section. He don’t need a watering hole. He digs a well and installs a windmill. So those cattle barons hire thugs like Tom Horn to run off and kill the Sod busters. But in the end the winter of 1878 finished off the big cattle outfits. Humans are the most dangerious animal on the planet. It will be extremely risky to try and barter after a SHTF WROL event.
Yet here we are……
When governments can’t keep order or provide basic services, governments fall sooner or later. Usually, someone will come forward and get the job done by whatever means necessary. If SHTF is a global event, we may see a number of governments being overturned in a short amount of time. Usually, the mean win out and the vicious flourish.