Iran's subprime crisis looming

However, now it has become clear to all that massive liquidity and constant rises in government expenditures are the driving forces behind inflation.

All this occurred because the billions of dollars that poured into Iran's coffers due to the unprecedented oil prices of the past few years were converted into rials and injected into the economy.

To create more jobs, the banks started providing easy loans, but the money was channeled into speculative real estate and commercial activities rather than production activities, which drove prices up.

http://www.tehrantimes.com/index_View.asp?code=168384

Wow doesn't this have similarities to what has just happened to the US?

Hizballah received 35 new Iranian speedboats shortly before current crisis

Hizballah received 35 new Iranian speedboats shortly before current crisisThe DEBKAfile's military sources report that three weeks before the recent Hizbullah takeover of western Beirut, the Shiite terrorist group recieved 35 speedboats from Iran. The speedboats have the capability to threaten international shipping in the region and could also be used to approach US and Israeli Navy ships near the Lebanese coast. The DEBKAfile reports that the speedboats were made for Hizbullah by the Iranian Revolutionary Guards shipyards at Bandar Abbas

http://www.infolive.tv/-/infolive.tv-22236-israelnews-debkafile-hizballah-received-35-new-iranian-speedboats-shortly-curren

Think of the money that went into making these. Then think of them being given to the Hezbollah in Lebanon for free.

How much better it would have been if the money was spent on the poor secular Iranians instead.