Turn In Your Rials (Non US Politcal)

[R. Richard]

A lesson to be learned. (Comments?)

Mohammad Rezā Shāh Pahlavi, Shah of Iran, ruled Iran from 16 September 1941 until his overthrow by the Iranian Revolution on 11 February 1979.

In 1979 you could get a US dollar in exchange for 70 Iranian rials. Then , the evil Shah was overthrown and the Imams took over, to guide the people of Iran to Islamic prosperity. Today, you can get a US dollar in exchange for 11,750 Iranian rials.

 

[manyeyedhydra]

I wouldn't sound so smug considering your government is actively pursuing a policy of debasing its own currency to get out of its debt problems.

(As is mine, sadly )

I wonder what the comparison between the swiss franc and the dollar would be over the same time period. The Canadian dollar is worth more than the US dollar now and that was what, 2 CAD to the USD a few years back?

Or the comparison to the price of gold?

ETA: But yeah, keeping to the actual point of the post: Religious fundie types = not the people you want in control of the nation's purse strings. When are the US Republicans going to get around to purging them from their ranks?

 

[twelveoone]

A lesson to be learned. (Comments?)

Mohammad Rezā Shāh Pahlavi, Shah of Iran, ruled Iran from 16 September 1941 until his overthrow by the Iranian Revolution on 11 February 1979.

In 1979 you could get a US dollar in exchange for 70 Iranian rials. Then , the evil Shah was overthrown and the Imams took over, to guide the people of Iran to Islamic prosperity. Today, you can get a US dollar in exchange for 11,750 Iranian rials.

How much is that in gas?
Food?
Beer?
Hookers?
You know the proverbial basket of necessities?

 

[twelveoone]

A lesson to be learned. (Comments?)

Mohammad Rezā Shāh Pahlavi, Shah of Iran, ruled Iran from 16 September 1941 until his overthrow by the Iranian Revolution on 11 February 1979.

In 1979 you could get a US dollar in exchange for 70 Iranian rials. Then , the evil Shah was overthrown and the Imams took over, to guide the people of Iran to Islamic prosperity. Today, you can get a US dollar in exchange for 11,750 Iranian rials.

That does explain the serious lack of "dollar stores" in Tehran.

 

[MissTCShore]

Of course, on a positive note, we get to watch her on TV....

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http://insidetvratings.com/wp-content/uploads/2011/03/fairly-legal.jpg

 

[trysail]

Did somebody say something about the debasement of the U.S. dollar?

http://research.stlouisfed.org/fredgraph.png?g=Om​

The world is giving its opinion of U.S. fiscal and monetary policy. It is voting with its feet.




This is not a picture of sound monetary policy:

Federal Funds rate less the 12-month trailing % change of CPI-measured inflation:
http://research.stlouisfed.org/fredgraph.png?g=Op​

 

[3113]

In 1979 you could get a US dollar in exchange for 70 Iranian rials. Then , the evil Shah was overthrown and the Imams took over, to guide the people of Iran to Islamic prosperity.

Which goes to show that, in most such countries, if there is no dictator it falls to religious fanatics. So why did we storm in and oust Saddam?

 

[R. Richard]

How much is that in gas?
Food?
Beer?
Hookers?
You know the proverbial basket of necessities?

Gas is cheap in Iran, if you can get it.
Food is subsifized, but still expensive.
Beer, in an Islamic country???
They stone hookers to death in Iran.

 

[bronzeage]

Gas is cheap in Iran, if you can get it.
Food is subsifized, but still expensive.
Beer, in an Islamic country???
They stone hookers to death in Iran.

Iran and several other oil states have substituted welfare and subsidy for economic development. They take the oil revenues and distribute it like an allowance to children.

Gas is not cheap, if it is not available at any price. The subsidies are selective and easily manipulated for political purposes. There is no real difference between the policies of the Shah and the current government. Different people control the money, but the results are the same. There is no reason to believe the Rial would be any more valuable if the Pavlavi family were still in the palace.

 

[trysail]

Are you aware that Iran ( an OPEC member and the world's 4th largest petroleum producer) has to import a substantial portion of its gasoline ( petrol )?

 

[R. Richard]

Are you aware that Iran ( an OPEC member and the world's 4th largest petroleum producer) has to import a substantial portion of its gasoline ( petrol )?

In 2008 Iran has imported nearly 40% of its market needs because of lack of refining capacity and contraband.[10] In 2009, Iran spent paid $11 billion on imported fuel.[11] In 2010, gasoline import declined to 30% of its market needs at 25 million liters of gasoline and 11 million liters of diesel fuel per day.[12][13]

As of July 2010, Iran produces between 280,000 barrels (45,000 m3) and 285,000 barrels (45,300 m3) of gasoline a day and until recently had acquired the remaining 30 percent, which is about 115,000 barrels per day (18,300 m3/d) to 120,000 barrels per day (19,000 m3/d), through big oil companies.

Major gasoline suppliers to Iran historically have been India, Turkmenistan, Azerbaijan, the Netherlands, France, Singapore, and the United Arab Emirates. The Financial Times reported that Vitol, Glencore, Trafigura and other (western) companies had since stopped supplying petrol to Iran because of international sanctions. In 2006, Vitol, a MNC based in Switzerland, supplied Iran with 60% of its total gasoline cargo imports. In September 2010, Iran claimed that it has stopped importing gasoline according to the domestic capacity expansion plans

 

[ishtat]

They stone hookers to death in Iran.

Do they? So how about Sigheh as an institution?

Just for mut'a of course.

 

[JustaSCOUNDREL]

I wouldn't sound so smug considering your government is actively pursuing a policy of debasing its own currency to get out of its debt problems.

(As is mine, sadly )

I wonder what the comparison between the swiss franc and the dollar would be over the same time period. The Canadian dollar is worth more than the US dollar now and that was what, 2 CAD to the USD a few years back?

Or the comparison to the price of gold?

ETA: But yeah, keeping to the actual point of the post: Religious fundie types = not the people you want in control of the nation's purse strings. When are the US Republicans going to get around to purging them from their ranks?

I did a search on U.S.$ vs The Loonie over 10 years. The best for the U.S. was about 8 years ago when $1 USD bought about 1.55 Canadian. Today the exchange rate was $1 = 0.98 Canadian.

In the last 32 years the exchange rate has decreased 525% annually. for a total of 14600%.
The U,S, $ has declined against the Loonie by 163% over 8 years or 20% annually. One heck of a difference.

As to the religious right in the conservative sphere and why we don't get rid of them. I am pretty conservative myself but I am not religious in any way shape or form. I am a fiscal conservative. We need to stop spending money we don't have. I also break the mold many liberals try to paint about conservatives. Socially I am pretty liberal. Abortion, I don't like it but, it is the law of the land and I doubt it will repealed or over turned. I am also opposed to imposing my beliefs on others. So...!

Gays want to be allowed civil unions. I think there are plenty of legal reasons to allow them to. I honestly have no idea how some gays, lesbians, or any of the other permutations civil unions threatens my hetero marriage or family.

So an answer as to why we don't throw the religious right out and let them swim on their own. Quite frankly because the majority of them are fiscal conservatives and without them we would get out asses kicked politically. Then we would have 0 chance of getting our (U.S.) economy under control and preventing what I, and many others believe is a recipe for economic disaster. I quit here.

Sorry for the rant. I hope you understand.

So in short the answer to your question is because we need them!

As they say. "Politics makes for strange bed fellows." Sad but true.

Mike

 

[twelveoone]

Which goes to show that, in most such countries, if there is no dictator it falls to religious fanatics. So why did we storm in and oust Saddam?

Because we had one, or maybe both?