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Page added on April 22, 2018
Iran switches from dollar to euro
Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the American currency due to political tension with Washington.
Central bank governor Valiollah Seif said last week that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion of replacing the dollar with the euro in foreign trade, as the “dollar has no place in our transactions today”.
Iran does hardly any trade with the US due to decades of economic sanctions. It’s most important trading partner is the UAE, which accounts for around 24 per cent of all Iranian imports and exports. China is not far behind with 22 per cent, followed by Turkey, India and the EU, all of which account for around six per cent of Iran’s trade.
Iran’s leaders have been threatening for some time to ditch the dollar for a different currency. The shift towards euro took on added urgency after the appointment of Donald Trump and his decision to include Iran on a list of mainly Muslim majority countries banned from entering the US.
Trump has also threatened to exit a 2015 nuclear deal Iran made with world powers. The next major test for the deal is 12 May when Trump will be required to re-endorse the deal, which he has derided as “the worst deal ever”.
The move is seen by Iranian officials as a logical and necessary step. The threat of further US sanctions has destabilised Iran’s foreign exchange market in recent months. Bank transactions involving the dollar are already difficult for Iran; sanctions have made US banks unwilling to do business with Tehran; foreign firms can be exposed to sanctions if they do Iranian deals in dollars, even if the operations involve non-US branches.
According to Reuters, Ali Khamenei, who has welcomed the decision to replace the dollar, blamed foreign enemies for the “recent issues in the currency market” and asked Iran’s intelligence services to defuse the plots against the Islamic Republic.
131 Comments on "Iran switches from dollar to euro"
GregT on Mon, 23rd Apr 2018 12:54 pm
“nederliar, I have given this too you so many times do you refuse to read it?”
Good find Davy. It sounds like GEFIRA is in agreement with MM. The collapse of western civilization by ~2020, or 1 year and 8 months away. Followed by China in 2025.
Do you honestly believe that buddy?
MASTERMIND on Mon, 23rd Apr 2018 12:56 pm
World Bank recommends that countries eliminate minimum wage, dismantle worker protections
https://www.theguardian.com/money/2018/apr/20/world-bank-fewer-regulations-protecting-workers
This creation of circumstances in which people cannot afford to have children and destruction of our families should be thought of as a form of genocide.
The world bank wants more slaves, so they can sell more debt in the form of loans, so they can keep making a profit, so they can enrich themselves at the expense of countries and the working class that inhabit them.
These f*** should be burned at the stake.
Let the streets run with their blood. It can be cleaned up with their Brooks Brothers suits.
Cloggie on Mon, 23rd Apr 2018 12:56 pm
CLoggmeister, I have given this too you so many times do you refuse to read it?
“GEFIRA: In 2020, German Society Will Start Collapsing”
I have already responded to that link earlier today. Must be difficult for you to keep all these things in mind, I understand that. Your goats are not exactly intellectually stimulating company.
So I repeat my answer with new data. As we speak, Pegida Dresden is openly calling for regime change in Germany:
http://www.pi-news.net/2018/04/live-ab-19-uhr-pegida-dresden-und-hamburg-demo/
(a few minutes in the speech of Lutz Bachman, green shirt, Trump fan)
Every German or European politician who ever took orders from the US deep state needs to be kicked out of Europe.
https://documents1940.wordpress.com/2017/09/29/liebe-gruse-aus-santiago-de-chile/
So yes we are going to have our healthy political collapse, shortly after Brexit, when the coast is clear, a la 1989 and bring in Russian ICBM’s. And as soon as Trump leaves the building and inevitably the US will sink into chaos, PBM needs to declare itself shadow government of European-America and prepare for the military intervention. We in Europe love America so much that we want to see at least 3 or 4 of them.
Questions?
Antius on Mon, 23rd Apr 2018 1:04 pm
“I know it is only a matter of time until mrs May wil additionally introduce a commemoration day for all these hundreds of girls from Rotherham and Telford who were sexual abused by Muslim men for years on end.”
That would be ‘offensive’ to Muslims.
I have never understood why anyone feels that we need to suck up to turd skins that are trying to colonize our country. We owe these people nothing. They owe us for building the modern world.
peakyeast on Mon, 23rd Apr 2018 1:21 pm
@Antius: Our politicians has told us it directly: It is to make up for the low fertility rate in the west. The social-security only works with enough young people and BNP only rises with more people since productivity gains has sucked for the past decade or so.
But our politicians passion for political correctness eliminates the chance to select those who actually will provide tangible gains.
MASTERMIND on Mon, 23rd Apr 2018 1:29 pm
Mass immigrant is part of the UN plan. To help counter the low fertility rates. One third of global GDP is based on nothing more than increased population growth. So they have to keep the borders open if they want to keep their economy from collapsing. So sorry. You white people are just going to have to take this one on the chin. The future is a mixed world.
https://imgur.com/a/I6SGL3u
Davy on Mon, 23rd Apr 2018 1:42 pm
Greggie, as usual you didn’t read the article fully or you are incapable of digesting the point or or you are just pricking. Try again and get back to me.
MASTERMIND on Mon, 23rd Apr 2018 2:08 pm
More than 175 Americans die daily from opioid overdoses in the US
https://www.bloomberg.com/view/articles/2017-12-08/trump-is-a-no-show-in-the-fight-against-opioids
GregT on Mon, 23rd Apr 2018 2:21 pm
“Greggie, as usual you didn’t read the article fully or you are incapable of digesting the point or or you are just pricking.”
Just a quick question for you Davy.
Did it not register in at least one of those dormant neurons, that you found that link at your favourite spreader of Russian clickbait disinformation, ‘The Hedge™’?
https://www.zerohedge.com/news/2018-04-09/gefira-2020-german-society-will-start-collapsing
Davy on Mon, 23rd Apr 2018 2:25 pm
greggie, read the article again and tell me if it said this:
“The collapse of western civilization by ~2020, or 1 year and 8 months away. Followed by China in 2025.”
If it didn’t then why did you say that? Could it be you didn’t read it or maybe you didn’t understand it or or maybe you were pricking and in the process lying with your own personal disinformation.
MASTERMIND on Mon, 23rd Apr 2018 2:28 pm
Tire rotation at Tesla costs $185!
https://np.reddit.com/r/teslamotors/comments/8eaqa3/discussion_why_does_the_model_3s_tire_rotation/
GregT on Mon, 23rd Apr 2018 2:41 pm
“greggie, read the article again and tell me if it said this:”
This is what the article says Davy:
“According to the Gefira team, the next systemic crisis will happen around 2020 as the oil price is back at 100 dollar and German mass retirement begin. There is a high risk of war on the Old Continent. However, it is not Russia but Turkey that is the most prominent threat.”
It is not the emerging markets, nor public or private debt that should be of interest to investors but instead the shrinking populations in the developed world. Japan is the first country that experiences a declining people, and for that reason, it pursued extraordinary monetary and fiscal policies. The decrease in the European and US population will have dire economic consequence, and after 2025 China will join the club of dying nations.
Did you bother to read the article at gefira.org? Or only the clickbait part over at ‘The Hedge™’?
MASTERMIND on Mon, 23rd Apr 2018 2:49 pm
Crapitalims is dying…Only the stupid boomers still support it.
https://imgur.com/a/Wbuznql
MASTERMIND on Mon, 23rd Apr 2018 2:50 pm
I think the total collapse will happen around 2025. But i still hold onto to my 2030 prediction just to give myself some wiggle room.
Cloggie on Mon, 23rd Apr 2018 2:54 pm
“I think the total collapse will happen around 2025. But i still hold onto to my 2030 prediction just to give myself some wiggle room.”
I’m sorry to hear that. Perhaps us forum buddies can cough up the funds and provide your with a wheelchair and as such give you some wiggle room.
GregT on Mon, 23rd Apr 2018 2:55 pm
Sounds like MM is just slightly more optimistic than gefira.org.
Personally, I don’t buy into a total collapse scenario occurring because of $100/bbl oil.
Davy on Mon, 23rd Apr 2018 2:56 pm
This is great greggie. Nedernonsense will have multiple chances to read up on this topic that is so dear to his heart. This expose is due to you one of his best friends. Neder only has digital friends and 3 here on this board. Again thanks for your support in battling the nedernonsense agenda.
“GEFIRA: In 2020, German Society Will Start Collapsing”
https://tinyurl.com/y8r7cbdl
“Since the German population is declining at a staggering pace, before the end of the century there will only be 22 million indigenous Germans left. Currently the working population has already begun to shrink. This drop is still moderate compared to what will come after 2020. The disappearing of the nation that has just begun will have catastrophic consequences.”
“In the past, the German economy was able to attract employees from Southern, Eastern and Central Europe, but at present the demographic situation in states such as Spain, Portugal, Italy and Poland – which have long provided Germany with workforce – has worsened, so for all practical purposes these sources of labour have all but dried out. Poland for instance has lost a large number of young people to the West European labour market and the loss has not been made good because of extremely low fertility. The financial sector depends on a growing economy, but – apart from periods of temporary increase – there is no significant growth, and banks have to unwind their positions by selling their assets and returning cash to their clients. When the ageing population tries to sell its investments – stocks, obligations or companies – after 2020 they will find a declining working age population that is willing and able to buy these assets. It is already difficult for German business owners to find successors. The shrinkage of the consumer base affects adversely the automotive industry.”
In conclusion, Germany’s problems will only start to accelerate after 2020 when every year the working age population will be reduced by 400 thousand people; by 2028 this number will amount to three-quarters of a million. The disappearance of the German nation will entail the next systemic crisis.
GregT on Mon, 23rd Apr 2018 3:04 pm
” Again thanks for your support in battling the nedernonsense agenda.”
That would be the opinion of somebody who works for an investment company Davy, and, IMA, sounds eerily familiar to the prediction from that American website; deagel.com.
I don’t buy into that overly sensational BS, but I could be wrong. I wouldn’t be too surprised if I am. Time will tell.
MASTERMIND on Mon, 23rd Apr 2018 3:25 pm
See the question I ponder is how long after the oil shortages hit will it take to totally collapse the global economy? I think at the least a few months to one year. If wall street and the other world markets just have a stroke. And at the best ten years time. I just don’t think the world economy can keep going for 20 plus years with an energy crisis ongoing. A lot of it is going to depend on how large the shortage is and which regions of the world are affected the most. If its a few percentage shortage worldwide, I bet we could likely make it another decade tops. If its a five to ten percent or higher shortage worldwide. I bet we could make it a few years at best.
MASTERMIND on Mon, 23rd Apr 2018 3:27 pm
Kate Middleton’s delivery of her third royal baby cost less than a typical birth in the US
http://www.businessinsider.com/kate-middleton-royal-baby-lindo-wing-st-marys-delivery-cost-2018-4
I wish we had your healthcare system Greg. You guys have it all figured out up their! And btw I live only a two hours drive from the border with Windsor.
MASTERMIND on Mon, 23rd Apr 2018 3:35 pm
When Canada’s leader sees someone who is handicapped.
https://imgur.com/a/rVsgn18
Cloggie on Mon, 23rd Apr 2018 3:39 pm
Talking about your country, millimind, car attack in Toronto:
https://www.thestar.com/news/gta/2018/04/23/van-strikes-as-many-as-10-pedestrians-at-yonge-and-finch.html
That’s what you get if you give Saudi women a drivers license.
MASTERMIND on Mon, 23rd Apr 2018 3:56 pm
Clogg
The collapse of Saudi Arabia is inevitable
http://www.middleeasteye.net/columns/collapse-saudi-arabia-inevitable-1895380679
Saudi Arabian oil reserves are overstated by 40% – Wikileaks
https://www.theguardian.com/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks
Saudi Arabia’s Energy Minister Warns of World Oil Shortages Ahead
https://www.wsj.com/articles/saudi-minister-sees-end-of-oil-price-slump-1476870790
Saudi Aramco chief warns of looming oil shortage
https://www.ft.com/content/ed1e8102-212f-11e7-b7d3-163f5a7f229c
Saudi Aramco CEO sees oil supply shortage coming as investments, discoveries drop
https://www.reuters.com/article/us-aramco-oil/aramco-ceo-sees-oil-supply-shortage-as-investments-discoveries-drop-idUSKBN19V0KR
Saudi Arabia ‘may run out of oil to export by 2030’
https://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9523903/Saudis-may-run-out-of-oil-to-export-by-2030.html
MASTERMIND on Mon, 23rd Apr 2018 4:00 pm
Clogg
who cares about that stupid van attack. around fifty Americans are murmured every single day. Around 175 Americans die of drug overdoses every day. You are just playing into the MSM hands by promoting their terrorism scaremongering. That is how they justify all the middle east wars.
Clogg the MSM useful idiot.
Cloggie on Mon, 23rd Apr 2018 4:04 pm
That is how they justify all the middle east wars.
Yeah I know how you peacenik feels about poor Airabs. You prefer a war of annihilation against Russia, if I remember well.
Meanwhile 10 dead, it is officially a terrorist attack, carried out by a “Middle Eastern looking man”.
GregT on Mon, 23rd Apr 2018 5:20 pm
“Meanwhile 10 dead, it is officially a terrorist attack, carried out by a “Middle Eastern looking man”.”
The guy looks white to me Cloggie. Likely European.
https://twitter.com/hashtag/TorontoVanAttack?src=hash
GregT on Mon, 23rd Apr 2018 5:24 pm
His name has been released: Alek Minassian. Armenian
Boat on Mon, 23rd Apr 2018 6:25 pm
Mm
Your back tracking so fast the skid marks match your underwear. 2030? You have turned into a an optimist for this site lol. Put all those links back in the lunch bucket and find a job….. We’re Gonna Live!!!
MASTERMIND on Mon, 23rd Apr 2018 7:10 pm
Boat
I have said from day one I think collapse will come within the next decade. Even on my manifesto I post a chart from the limits to growth study on the final chart.
https://imgur.com/a/pYxKa
Now run along you little spook!
GregT on Mon, 23rd Apr 2018 7:33 pm
Boat,
“Your back tracking so fast the skid marks match your underwear.”
I believe what you meant to say was ‘You’re’ back tracking so fast…..
And how do you know what MM’s underwear look like?
Anonymouse1 on Mon, 23rd Apr 2018 8:36 pm
Davyturd likely sends boatwetard pictures via instagram and or facebook of his skidmarked underwear. The exceptionalist has a long history of orifice fetishes, and he does like to share……