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Merchants in Tehran’s main bazaar closed their shops in protest on Wednesday against the plunge of Iran’s currency, which has shed more than a third of its value in less than a week. Footage posted online shows a group of striking merchants walking in the Grand Bazaar, the traditional business hub in Iran’s capital, calling on other shop owners to close their shops. “If you have dignity close your shops” the protesters [...] EPJ Yet another reason the US government hates gold, unlike dealing with paper money in bank accounts, there is no way they can stop international trade in gold and it is difficult to track gold movements. WSJ reports: Turkey on Friday acknowledged that a surge in its gold exports this year is related to payments for imports of Iranian natural gas, shedding light on Ankara’s role in breaching U.S.-led sanctions against Tehran. The continuing trade [...] from Wealth Wire:
Gold smugglers around the globe have been smuggling gold into countries and Iranian buyers are especially prevalent in this scheme. In August alone, $2-billion worth of gold was shipped to Dubai on behalf of Iranian buyers, according to Turkish trade documents. Now, we’ve received news from London indicating that Iranians have purchased at least $10 million worth of silver this year as well. In September, an additional $1.4 billion worth in gold and silver was carried in [...] DUBAI/ISTANBUL — To see one of Iran’s financial lifelines at work, pay a visit to Istanbul’s Ataturk International Airport and find a gate for a flight to Dubai. Couriers carrying millions of dollars worth of gold bullion in their luggage have been flying from Istanbul to Dubai, where the gold is shipped on to Iran, according to industry sources with knowledge of the business. The sums involved are enormous. Official Turkish trade [...] other shop owners to close their shops. “If you have dignity close your shops” the protesters are heard chanting on the video. Police threatened merchants who closed their shops and launched crackdowns on pavement money changers, as part of strict measures being used by the authorities to halt the currency plunge. The measures underscore the serious concern by officials facing one of the most potentially destabilizing scenarios, which has been partly blamed on [...] Iran will not back down on its nuclear program despite economic problems caused by Western sanctions, President Mahmoud Ahmadinejad said on Tuesday. “We are not people to retreat on the nuclear issue,” he told a news conference in Tehran. “If somebody thinks they can pressure Iran, they are certainly wrong and they must correct their behavior,” he said. Ahmadinejad’s comments came amid an accelerated slide in Iran’s currency that he said was the [...] Iran’s currency plunges at least 9% to a record low against the US dollar as government targets speculators https://twitter.com/BreakingNews Hearing that Israel is preparing to attack Iran tomorrow after Jewish holidays. Iranian currency collapsing. Watch out for Gold. https://twitter.com/grexit2012
Currency has lost more than a quarter of its value over the past week, raising fears of widespread inflation. http://www.maghendavid.net/arab-media/irans-rial-plunges-as-western-sanctions-bite/?utm_source=dlvr.it&utm_medium=twitter WASHINGTON – Large, unusual movements of U.S. special operations equipment, including combat planes and gunships, recently have [...] Holy shit, things are getting waaay too messy for my humble understanding. “Those who have eyes to see, see…” The new bogeyman of Western civilization is an Illuminati, I have no doubts about it. But he also sounds like a herald of their agenda, to dismantle the USA, which is the body-guard of Israel, that represents the NWO like no other. http://www.foxnews.com/world/2012/09/26/ahmadinejad-says-new-world-order-needed-to-get-away-from-us-dominance-in/#ixzz27Z2UaVtq NEW YORK – Iranian President Mahmoud Ahmadinejad said Tuesday that a new [...] From Newsmax: Iran expects to equip its ships in the Strait of Hormuz soon with shorter-range missiles, a Revolutionary Guards commander was quoted as saying, in the latest apparent warning to the West not to attack it over its disputed nuclear program. The Islamic Republic has threatened to shut the Strait, the conduit out of the Gulf for 40 percent of the world’s seaborne oil trade, if Western sanctions aimed at curbing [...] From FT: Crisis after crisis would be avoided if the west could learn to understand nuances that are vital to interpreting international affairs. Take Iran – where the western narrative is that the west is honest and straightforward, Iran lying and mendacious, but the reality is far less clearcut. Take North Korea – where the really important nuance of the recent rocket launch was that, for the first time, the North [...] (Reuters) – Iran is helping its ally Syria defy Western sanctions by providing a vessel to ship Syrian oil to a state-run company in China, potentially giving the government of President Bashar al-Assad a financial boost worth an estimated $80 million. Iran, itself a target of Western sanctions, is among Syria’s closest allies and has promised to do all it can to support Assad, recently praising his handling of the year-long uprising [...] Press TV A leading US-based energy consulting firm says oil price may hit $240 a barrel and economic growth may fall by over 25 percent if Iran closes the Strait of Hormuz in reaction to the Western sanctions. Analysts at IHS Global Insight also told reporters that Iran can easily close the strategic strait and disrupt global oil supplies for up to three months by laying mines that the US [...]
AFP - IMF chief Christine Lagarde warned Tuesday that crude oil prices may spike by up to 30 percent if Iranian supplies were disrupted, causing “serious consequences” for the global economy. The standoff between Iran, the world’s second-largest supplier of oil, and the West over the Islamic Republic’s nuclear program is seen as a flashpoint that could sharply increase world crude prices. “Clearly it would be a shock to economies if there was [...] Tehran’s threats to block the Strait of Hormuz in response to sanctions are not mere words, warned Iran’s senior spokesman on sanctions. As long as the West ignores international law to promote its interests, Iran will retaliate, he said. Closing the strait would be a response equal to the West’s unlawful severing of Iran from global commerce, believes Iran’s senior spokesman on Western sanctions and former intelligence minister Ali Falahian. “I suggest [...] Haaretz In an effort to counter any Iranian effort to close the strategic Strait of Hormuz waterway in the Persian Gulf, the U.S. is increasing both its sea- and land-based defense assets in the area, the Wall Street Journal reported. According to the report, the U.S. military has informed Congress of plans to preposition new mine-detection and clearing equipment and expand surveillance capabilities in the area of the Strait of [...] |
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