Iran's Seyyeds try to raise the Rial vs US dollar

Samsami made the remark in response to a question about recent reports
on a possible government decision to more than halve the value of the
US dollar against the Iranian currency and set it at 4500 rials. The
green back is currently valued at 9300 rials.

http://www.presstv.ir/detail.aspx?id=64912&sectionid=3510213

First the Seyyeds decided, to sell the petty 2.5 mln b/d (when the
world's demand is 85 mln b/d), in Euros. As the threats of war raised
commodities, so Gold and notably oil went up in US Dollar terms. But
the world media, for some absurd reason, made this assertion; that the
commodities are being bought, because the US dollar is down, and they
are cheaper.

But normally, when there is a crisis, like in the 70's, safe havens
benefit. The Gold went up and so did the US dollar high security
assets, like US Treasuries. In those days there was no Euro, and there
were no counter trades for the Yen to benefit from. But this time
round, the Euro, and those people borrowing in Yen (which is making it
extraordinarily highs, as the debt mountain has mushroomed), have gone
up against the US dollar.

Now within this background, this Seyyed utter nutter, wants to
overnight change the value of the rial. With all the sanctions on any
financing outside HSBC, Standard Chartered Bank, and all those Hawala
traders in the Persian Gulf, it is going to be almost impossible for
this bozo to implement his task.

Who cares what he says, the markets decide, and at the moment,
everyone is dumping Rial, as no one wants it, with these animals in
charge.

Seyyeds and US block aid to secular Iranians

So far, $5.4 million in payments has been suspended for four projects, the officials said, and they do not expect the suspensions to be permanent.

The Columbus Dispatch : World Bank forced to halt some aid to Iran

But the article fails to mention the fact that the Seyyeds do not deal in US dollars anymore.  The Seyyeds love the fact that the secular Iranians do not get money.  This all helps them.  They have access to all the Euros they need.  The people of Iran can no longer deal in the most common currency.  Most of the wealthiest Iranians have US dollars in California and they would be the source of all the trouble against the Seyyeds, as and when.  Connecting the dots means that the US and Seyyeds are on the same side, against the secular true Iranians.  So this means that the funds to true secular Iranians needs to go via HSBC or Standard Chartered Bank or some other bank in Indonesia or Malaysia or parts of EU, that are not trading in US dollars and are trading in tranches less than $ US 20 million.  Hopefully no IRGC thug is involved, and the funds can reach the proper Iranians.  Ya Ahuramazda!

Margin call for Ahmadinejad's account

I have always thought that Ahmadinejad primarily was supported by folks who wanted him to bring the price of oil up. Moreover no one supported anyone in opposition to him. Anyway, what have US oil companies, Islamist Fascists, neocons, Russians, Chinese, have in common? High oil prices. The news today that the oil price has dropped is quite interesting.

The dollar's fortunes, which had taken a drastic turn for the worse in late November, seemed to improve with the oil market's decline. The euro was down about 0.6 percent against the U.S. currency to trade at $1.3089.

"We've had very warm weather, and that's part of what's driving oil prices down," said Elisabeth Denison, economist at Dresdner Kleinwort Wasserstein.

But I have also noticed that once the drop becomes a slide, then major events take place to stem that free fall. Unfortunately the people who stand to lose money in the fall in the price of oil, have a lot of money and influence. So expect to see big flare ups of war and violence and terror, to create a scary rally in oil. But it won't work, and the producers will increase production.

Once the price of oil really starts to consolidate at lower prices, then OPEC will start to fall apart as countries will cheat on their quotas. With the higher US dollar and Islamist Fascists holding Euros, then Ahamdinejad's trade account will experience some serious margin calls.

With the US fleet in the Persian Gulf, beginning what looks like a campaign to hermetically seal the Islamist Fascists in Iran from all borders, the future for the Islamist Fascists does not look bright at all.