How great is it to have a President who is wrecking the economy of Iran with brutal sanctions instead of an Iran lover as President who sent Iran billions of dollars to boost their economy.

Quote:(Bloomberg) -- Iran’s Revolutionary Guards, in unusually pointed language, called on President Hassan Rouhani to do more to prop up the rial after the currency fell to a historic low this week in anticipation of renewed U.S. sanctions.

“The unique and extensive backing you benefited from in past weeks shouldn’t preclude you from taking revolutionary actions to control prices and prevent the enormous increase in the price of foreign currency and gold,” Guard commander Mohammad Ali Jafari was quoted as saying in an open letter to Rouhani, published by the Tasnim news agency. “Decision-making in today’s difficult circumstances necessitates revolutionary determination and decisiveness in dealing with certain managers’ weaknesses.”

The call to revolutionary action comes from a powerful military organization that controls a range of local companies. It also plumbs ordinary Iranians’ growing frustration with the Rouhani government’s response to the tumbling of the rial and the poor state of the economy. If senior Iranian officials have in the past expressed support for Rouhani’s efforts to shield Iran from the sanctions’ fallout, then the Guards’ language on Tuesday was harsher, demanding that he immediately take more forceful action to deliver results.

In a separate appeal, some 200 lawmakers sent Rouhani a letter demanding that he shake up his economic team and replace the minister for economic and financial affairs and the minister for industry, trade and mines, the semi-official Iranian Students’ News Agency reported, quoting Abolfazl Soroush, a member of parliament for Tehran.

The rial sank to 116,000 to the dollar on the black market on Sunday from about 90,000 last week, far weaker than the official rate of 44,070. Authorities have rounded up more than two dozen merchants who they say exploited government currency measures for personal gain, in an effort to show they’re fighting profiteering and trying to cushion the blow of the U.S. economic offensive.

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(07-31-2018 12:42 PM)usmbacker Wrote:  

How great is it to have a President who is wrecking the economy of Iran with brutal sanctions instead of an Iran lover as President who sent Iran billions of dollars to boost their economy.

Quote:(Bloomberg) -- Iran’s Revolutionary Guards, in unusually pointed language, called on President Hassan Rouhani to do more to prop up the rial after the currency fell to a historic low this week in anticipation of renewed U.S. sanctions.

“The unique and extensive backing you benefited from in past weeks shouldn’t preclude you from taking revolutionary actions to control prices and prevent the enormous increase in the price of foreign currency and gold,” Guard commander Mohammad Ali Jafari was quoted as saying in an open letter to Rouhani, published by the Tasnim news agency. “Decision-making in today’s difficult circumstances necessitates revolutionary determination and decisiveness in dealing with certain managers’ weaknesses.”

The call to revolutionary action comes from a powerful military organization that controls a range of local companies. It also plumbs ordinary Iranians’ growing frustration with the Rouhani government’s response to the tumbling of the rial and the poor state of the economy. If senior Iranian officials have in the past expressed support for Rouhani’s efforts to shield Iran from the sanctions’ fallout, then the Guards’ language on Tuesday was harsher, demanding that he immediately take more forceful action to deliver results.

In a separate appeal, some 200 lawmakers sent Rouhani a letter demanding that he shake up his economic team and replace the minister for economic and financial affairs and the minister for industry, trade and mines, the semi-official Iranian Students’ News Agency reported, quoting Abolfazl Soroush, a member of parliament for Tehran.

The rial sank to 116,000 to the dollar on the black market on Sunday from about 90,000 last week, far weaker than the official rate of 44,070. Authorities have rounded up more than two dozen merchants who they say exploited government currency measures for personal gain, in an effort to show they’re fighting profiteering and trying to cushion the blow of the U.S. economic offensive.

Keep reading here...

Rouhani is one leader that is a Moderate who would have worked with us even more before Trump pulled out of the agreement. What Trump did is put this likely ally on the hit list for assassination of the Revolutionary Guards. Rouhani was pro-western economics and all that.

(08-01-2018 04:00 AM)DavidSt Wrote:  Rouhani is one leader that is a Moderate who would have worked with us even more before Trump pulled out of the agreement. What Trump did is put this likely ally on the hit list for assassination of the Revolutionary Guards. Rouhani was pro-western economics and all that.

Rouhani is no ally. He's a moderate like Joe Stalin was a moderate because he worked with us to win WWII.

If he was the leader and actually had the power to decide to work with the US or not, I doubt he would have to endure things like being threatened by the Revolutionary Guard.

This is why I laugh at the notion that "nobody wins" in a trade war.

China has been having to tell investors to stop freaking out over their stock market.

Iran is facing a revolution over their currency rates.

The US stock market is near an all time high.

One of these is not like the other.