Economic sanctions take severe toll on Iranian currency

[-:Undertaker:-]

http://www.dailymail.co.uk/news/arti...-collapse.html

Ahmadinejad admits Western sanctions have taken their toll on Iran as country’s economy is on verge of collapse

- President Mahmoud Ahmadinejad blames the dip in the economy on sanctions from the U.S. and its allies
- During a U.N. summit last week President Ahmadinejad was greeted by anti-nuclear protests

Under pressure: President Mahmoud Ahmadinejad, pictured speaking at the General Assembly at U.N. headquarters in New York City last week, blames Western sanctions for the dip in Iran's economy

Iran’s president has blamed the steep drop in Iran’s currency on 'psychological pressures' linked to Western sanctions. Admitting for the first time that sanctions over Iran’s nuclear programme are taking their toll, Mahmoud Ahmadinejad highlighted concerns over his country’s economy. In the past few days Iran’s currency, the rial, has lost more than half its value against the U.S. dollar.

It has prompted fears that the economy is on the verge of collapse, crippled by sanctions which mean Iran has lost markets where it can export oil. The price of goods has also risen, as many have to be imported. The U.S. and its allies have imposed the punishing measures in attempts to force Iranian concessions over its nuclear programme, which the West says is aimed at developing atomic weapons. Tehran insists it is for peaceful purposes.

Before anybody says 'good' because they dislike the Iranian state (and in which case you don't believe in the free market, so don't pay it lip service in future) i'd just as you for a minute to consider the theory of 'blowback' which occurs almost every single time we embroil ourselves in foreign policy meddling.

How did the Ba'ath government in Iraq hang on for so long despite the countrys economic crisis in the 1990s after the war with Iran? it blamed the troubles on the sanctions that the US imposed thus diverting attention from its own failed socialist economic policy.

Why did the United States and her allies meet such hostility in Iraq? not only because of war deaths, but because of the suffering inflicted on the country during the past decade via the food-for-oil programme which created starvation in Iraq (especially in the deserts and march towns).

Why is Iran now more likely to lash out and verbally attack its foes? because when a government is in trouble at home (ie, Argentina) it will usually revert to verbal attacks or even outright war on its neighbours as a means of diverting attention and stirring patriotic feeling.

The end result of these sanctions? the people suffer (on both sides), war is closer than ever and it just stokes up more problems for the future.

Thoughts?

[Chippiewill]

Essentially a country's economy is being killed because they want to get 1/1000th of the way to Nuclear Weapons. Good job there 'murica, way to stick it to the big guys.