IRAN: Panic Is Worse Than It Looks

Iran: Panic Is Worse Than It Looks

IRAN: Panic Is Worse Than It Looks

October 10, 2012: In the capital there were violent clashes in the streets downtown. People were angry at the rapid inflation (currently over 30 percent) and sharp increase in what it cost to buy foreign currency. So far this year, the price (in rials, the Iranian currency) has more than tripled from 11,000 rials per dollar to over 39,000. About half of that increase occurred in the last two weeks or so as a result of the government trying to put restrictions on private money changers. That caused a panic. There has also been growing inflation even for good produced inside Iran. This is caused by the government printing more money to reward its loyalists (about a fifth of the population.) The government doesn't care if its opponents suffer, because it can point to these people and complain that it's all the fault of the sanctions. This worked for Saddam Hussein when Iraq w...

Full article: http://www.strategypage.com/qnd/iran/articles/20121012.aspx

Tweets

@sara_HR4All » 18 Oct '12, 9am
#Iran: Panic Is Worse Than It Looks [link] via @Strategypage #iranelection (12/10)
@mog7546 » 14 Oct '12, 12am
#IRAN: PANIC IS WORSE THAN IT LOOKS [link] … … … CUT INCOME; INFLATION; UNEMPLOYMENT; SPENDING: #ASSAD & NUKES=COMMOTION #FSA
@mog7546 » 13 Oct '12, 2pm
#IRAN: PANIC IS WORSE THAN IT LOOKS [link] … CUT INCOME; INFLATION; UNEMPLOYMENT; RIDICULUS SPENDING: #ASSAD& NUKES =COMMOTION
@Iran__Persia » 13 Oct '12, 12pm
RT @mog7546: #IRAN: PANIC IS WORSE THAN IT LOOKS [link] CUT INCOME; INFLATION; UNEMPLOYMENT; RIDICULUS SPENDING: #ASSAD & NUKES = COMMOTION
@mog7546 » 13 Oct '12, 12pm
#IRAN: PANIC IS WORSE THAN IT LOOKS [link] CUT INCOME; INFLATION; UNEMPLOYMENT; RIDICULUS SPENDING: #ASSAD & NUKES = COMMOTION
@Talkingdrugs » 13 Oct '12, 1am
Sanctions interfering with the other war: Deteriorating economic conditions make drug trade more attractive in Iran [link]
@UAV_news » 12 Oct '12, 11am
IRAN: Panic Is Worse Than It Looks - Strategy Page : [link]
@GooglePhones » 12 Oct '12, 9am
Panic Is Worse Than It Looks [link] #GooglePhone
@ArmedForcesNews » 12 Oct '12, 9am
IRAN: Panic Is Worse Than It Looks [link] Via @Strategypage
@Strategypage » 12 Oct '12, 9am
#IRAN: Panic Is Worse Than It Looks [link]
@jeffnolan » 15 Oct '12, 11am
Iran: Panic Is Worse Than It Looks [link]
@tintin1957 » 14 Oct '12, 1am
RT @mog7546: #IRAN: PANIC IS WORSE THAN IT LOOKS [link] … … … CUT INCOME; INFLATION; UNEMPLOYMENT; SPENDING: #ASSAD & NUKES=COMMOTION #FSA
@MimiWinther » 13 Oct '12, 6pm
RT @mog7546: #IRAN: PANIC IS WORSE THAN IT LOOKS [link] … … CUT INCOME; INFLATION; UNEMPLOYMENT; RIDICULUS SPENDING:#ASSAD& NUKES=COMMOTION
@tintin1957 » 13 Oct '12, 5pm
RT @mog7546: #IRAN: PANIC IS WORSE THAN IT LOOKS [link] … … CUT INCOME; INFLATION; UNEMPLOYMENT; RIDICULUS SPENDING:#ASSAD& NUKES=COMMOTION
@mog7546 » 13 Oct '12, 5pm
#IRAN: PANIC IS WORSE THAN IT LOOKS [link] … … CUT INCOME; INFLATION; UNEMPLOYMENT; RIDICULUS SPENDING:#ASSAD& NUKES=COMMOTION
@tintin1957 » 13 Oct '12, 4pm
RT @mog7546: #IRAN: PANIC IS WORSE THAN IT LOOKS [link] … CUT INCOME; INFLATION; UNEMPLOYMENT; RIDICULUS SPENDING: #ASSAD& NUKES =COMMOTION
@tintin1957 » 13 Oct '12, 12pm
RT @mog7546: #IRAN: PANIC IS WORSE THAN IT LOOKS [link] CUT INCOME; INFLATION; UNEMPLOYMENT; RIDICULUS SPENDING: #ASSAD & NUKES = COMMOTION
@UncleSam12712 » 13 Oct '12, 7am
#Iran: Panic Is Worse Than It Looks [link]
@Kostian_V » 12 Oct '12, 6pm
#Iran : Panic Is Worse Than It Looks [link]
@feedreads » 12 Oct '12, 11am
IRAN: Panic Is Worse Than It Looks [link]
@PacketknifeToo » 12 Oct '12, 9am
IRAN: Panic Is Worse Than It Looks [link]
@ambuli1 » 12 Oct '12, 9am
#IRAN: Panic Is Worse Than It Looks [link]