DTube - The TRUTH About Iran's Crumbling Economy - The Crash Is Coming

in money •  6 months ago


One of our most recent video reports!
See the original article below:

Josh Sigurdson talks with author and economic analyst John Sneisen about the fall of Iran's economy as centralization continue to take hold. People so often say that Iran either doesn't have a central bank or it isn't part of the global central banking complex. Well the latter may be true, but the point is, they have a central bank and central banks centralize, regardless of who's in control of it on a global scale.
The Iranian Rial is falling like a rock as it gets further and further devalued. Historically it has seen vast devaluations in 2003, 2014 and now in 2018.
The Iranian Rial has now fallen to historical lows. It has lost one third of its value in the past year alone! It now trades at 60,000 to 1 USD.
From the 1953 coup by the United States to the crisis in the 1970s and the US funded and backed chaos between Iran and Iraq to of course the vast propaganda attempting to make Iran look like the world's greatest boogeyman, of course western intervention has an affect. Sanctions certainly don't help. But this goes far deeper. This does rest on the shoulders of Iran as their responsibility in the end. The fact that they have centralized their economy so incredibly and caused so much devaluation and inflation.

All fiat currency eventually reverts to its true value of zero. It always has, it always will going back to 1024AD in China. Iran is no different. Let this be another lesson. Another example of the failure of fiat.

We will continue to follow this story closely! Stay tuned for more!


▶️ DTube
▶️ IPFS
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

they support syria in war against the west, and that support it comes with a cost, certainly if they won't help syria, they will be the next target from west and they will sucked all their oil out. :)

If anyone doubts how this could be orchestrated externally I suggest you read 'Confessions of an economic hitman'
I wonder if it is so bad for them to face the prospect of changing their economic base earlier than the rest of us. At least they have a tradeable asset that is still in demand.

good work, keep it up :DDD

hi @Joshsigurdson i like your this post so restem vote and following u now

60,000 to 1USD? This is ridiculous. How then is their economy and living standards? Things will actually be in a state of hoax. It's quite a pity for the poor masses over there.

Maybe this was orchestrated by the USSA (United States or authoritarian federation!) and its allies, like Alex Jones says... FUCK THE GLOBALISTS! Even though that conspiracy theorist is tweaking too much on meth....

I say if it gets really bad that we gang bang the fucking globalist . FUCK’EM❗️

Does Dtube have no censorship?