Here in Iran the general feeling is that things are spinning out of control. Price of galvanized steel tubes just jumped from 18,000 per kilo to 31,000 Rials per kilo within less than two months.
My guess is that the central reason for the huge jump in the price of the dollar is because of a lack of supply. Iran has billions stuck outside of Iran that it can not bring back into the country. China is holding onto 20 billion dollars for some unknown reason and not paying back to Iran.
And given the acceleration of inflation in Iran over the past few months people want to park their money into something that will generate a return or keep its value and that means land, gold, and dollars, and the latter is obviously the most attractive given its rate of increase. So it’s too many Rials chasing after too few dollars that is the main cause for the current crisis.
I would suggest that the Iranian government change its interest rate it grants to dollar bank accounts (currently 7.5%) to 16% and make this an investment opportunity to overseas investors, charging them only 5% on capital gains, with the freedom to withdraw their money within two years with any penalty. This will create an inflow of dollars into Iranian banks and restore the Rial’s value. Would this work and can the government implement something like this quickly? I have no idea.
By the way, any chance you can increase the number of items on a page? I noticed you have reduced the number and for a proxy user like myself it's a bit of drag to keep having to go through several steps to get to the next page. Just a suggestion.
This story has been peddled by Reza Khalili, a fraudster, con man, and darling of the extreme "bomb Iran" crowd. He claims he worked for the CIA and was a member of the Revolutionary Guard.
The Kingdom and the Towers
Was there a foreign government behind the 9/11 attacks? A decade later, Americans still haven’t been given the whole story, while a key 28-page section of Congress’s Joint Inquiry report remains censored. Gathering years of leaks and leads, in an adaptation from their new book, Anthony Summers and Robbyn Swan examine the connections between Saudi Arabia and the hijackers (15 of whom were Saudi), the Bush White House’s decision to ignore or bury evidence, and the frustration of lead investigators—including 9/11-commission staffers, counterterrorism officials, and senators on both sides of the aisle.
Hi Juan,
Maybe you have already seen this article but it seems very well researched and raised very disturbing issues. Will you post anything regarding this matter?
The new site looks great .... except for the font...Times New Roman is the only font worth using.
Given that some of us have to use a proxy to reach your site often the videos don't work properly so if possible can you provide the link where the video can be downloaded? Thanks.
Here in Iran the general feeling is that things are spinning out of control. Price of galvanized steel tubes just jumped from 18,000 per kilo to 31,000 Rials per kilo within less than two months.
My guess is that the central reason for the huge jump in the price of the dollar is because of a lack of supply. Iran has billions stuck outside of Iran that it can not bring back into the country. China is holding onto 20 billion dollars for some unknown reason and not paying back to Iran.
And given the acceleration of inflation in Iran over the past few months people want to park their money into something that will generate a return or keep its value and that means land, gold, and dollars, and the latter is obviously the most attractive given its rate of increase. So it’s too many Rials chasing after too few dollars that is the main cause for the current crisis.
I would suggest that the Iranian government change its interest rate it grants to dollar bank accounts (currently 7.5%) to 16% and make this an investment opportunity to overseas investors, charging them only 5% on capital gains, with the freedom to withdraw their money within two years with any penalty. This will create an inflow of dollars into Iranian banks and restore the Rial’s value. Would this work and can the government implement something like this quickly? I have no idea.
Hi Juan,
Thank you for this post.
By the way, any chance you can increase the number of items on a page? I noticed you have reduced the number and for a proxy user like myself it's a bit of drag to keep having to go through several steps to get to the next page. Just a suggestion.
Peace,
M. Alireza
This story has been peddled by Reza Khalili, a fraudster, con man, and darling of the extreme "bomb Iran" crowd. He claims he worked for the CIA and was a member of the Revolutionary Guard.
link to vanityfair.com
The Kingdom and the Towers
Was there a foreign government behind the 9/11 attacks? A decade later, Americans still haven’t been given the whole story, while a key 28-page section of Congress’s Joint Inquiry report remains censored. Gathering years of leaks and leads, in an adaptation from their new book, Anthony Summers and Robbyn Swan examine the connections between Saudi Arabia and the hijackers (15 of whom were Saudi), the Bush White House’s decision to ignore or bury evidence, and the frustration of lead investigators—including 9/11-commission staffers, counterterrorism officials, and senators on both sides of the aisle.
Hi Juan,
Maybe you have already seen this article but it seems very well researched and raised very disturbing issues. Will you post anything regarding this matter?
Hi Juan,
The new site looks great .... except for the font...Times New Roman is the only font worth using.
Given that some of us have to use a proxy to reach your site often the videos don't work properly so if possible can you provide the link where the video can be downloaded? Thanks.
Keep up the good work.