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Iran Arrests Gang-Of-16 'Currency Manipulators'
A gang of 16 shady individuals have been arrested by Iranian officials for allegedly smuggling currencies outside the banking network in order to increase the value of foreign currencies and to disturb the public. As CNN reports, amid the protests in the clip below, Iran says the 16 unidentified individuals "had used an atmosphere of psychological war created by the enemy" and colluded with "certain domestic and foreign groups" to exacerbate conditions. One of the accused, allegedly, had $300mm going through a bank account and "will be dealt with soon." Those arrested "were the main players in the recent fluctuations in the foreign currency market," the Tehran Judiciary said in a statement as the public panics over a 60% drop in its currency's purchasing power in the last few weeks. Of course, a 99% drop in the USD's purchasing power is acceptable to the US public since it has been achieved over a century or so...
Via CNN:
Iran arrested 16 people Thursday, accusing them of contributing to the currency crisis plaguing the country that has triggered protests in the streets.
Those arrested "were the main players in the recent fluctuations in the foreign currency market," the Tehran Judiciary said in a statement.
The move came a day after riot police worked to disperse protests in the capital's main bazaar and nearby streets. Demonstrators chanted slogans opposing firebrand President Mahmoud Ahmadinejad and decrying the skyrocketing cost of basic goods.
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The rial's plummet to historic lows is the result of international sanctions, imposed largely by the United States and the European Union in an effort to pressure Iran to sit down for talks on its nuclear program.
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Ahmadinejad and the country's supreme leader, Ayatollah Ali Khamenei, have assailed the sanctions, insisting "the enemy" will fail in its efforts and is hurting the Iranian people rather than the government.
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The government did not identify the 16 arrested Thursday. In a written statement, the judiciary said they "had used an atmosphere of psychological war created by the enemy" and colluded with "certain domestic and foreign groups" to exacerbate conditions."
They traded extensively in "smuggled" currencies "outside of the banking network" in order to increase the value of foreign currencies and disturb the public, the judiciary claimed, adding that they "amassed illegal fortunes."
One of the accused had $300 million going through a bank account, the statement said.
Iran warned that others "are being accused as well and will be dealt with soon."
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I wish *I* lived in a country where the government cared about currency manipulators.
Americans prefer their frog to be boiled slowly!
So the Bernank is a domestic enemy to the U.S. by definition, LoL.
I wish we "dealt" with our Ben problem sooner or later....starving seniors. What a fucking hell bound prick
Blasphemy! Persecute him!
Haha, my asshole Iranian step father in law just went to Iran. He always sneaks tons of US dollars when he goes. His family had been begging him to bring more. Hope they arrested his ass.
He's also an abusive wife beater making 6 figures with his kids on Medicaid. The only Iranian I've ever know who mocks America because it's so easy to rip off government programs and send the money out of the country. But hey, how's that different from our own corporations.
So get her out of there and monkey stomp his ass, Mr. Bigfoot.
When the shit hits the fan governments always blame;
1. Capitalist.
2. Speculators.
3. The weather.
4. If that doesn’t work start a war.
You seem to be forgetting about the Liberty Dollar raid.
Those Ron Paul coins... well, they could've ruined everything!
Free Bernard von NotHaus!
http://www.pmbug.com/forum/f13/please-help-liberty-dollar-activist-b-von...
As I understand it, the maker did not have a monetary value on them. TPTB are getting way nervous.
They had a "$" sign next to the number denoting a dollar value (by dollar of course I mean FRN). They also changed the "value" on them depending on the dollar value of silver.
Too close for comfort for the FEDs.
http://www.lewrockwell.com/rounds/rounds34.1.html
pods
Spoken about manipulation... (silver, it can not be 35):
350 would be welcome..
35 is the buffer to the dangerous for JPM resistance level of 36. This baby crosses 36 and then 38 and we go fast to 50.
Yay! Fuk JPM.
"I wish *I* lived in a country where the government cared about currency manipulators."
If not for the stonings and beheadings I hear springs in Tehran are awesome.
I'm a guy, I'd have nothing to worry about. I'd give up boozin' if I had access to good enough hash, too. Heh.
not to mention neverending stream of virgins
Big Bird Reacts To Romney's Threat To Cut PBS Funding
Big Bird can eat him.
All countries care about currency manipulators. The trick is to get job in a country where you are working for the local government instead of against it. But in a pinch, if an agitated State can't find "you " they can always pull some poor schmuck off the street and call him an "evil speculator" and simply put him to death without providing an opportunity to clear his name...
If you could arrest 16 currency manipulators in the West, who would be on your list?
Central bankers from the 16 largest countries, starting with The Bernank and walking on down the hall.
Well, the public is plenty "disturbed" here, so we must have some of the same problems.
you mean CNN wasnt paid to write a puppy kisses story?
$300M? That's all? Shiiit replace that M with a T and now we're talking finance western world style.
Debt money bitchez.
CIA doing gods work.
The CIA outsources gods work these days...but they are definately behind it.
I would hope so.
Iran is American external enemy number one, and recking their currency beats bombing their cities/facilities any day, IMO.
If Iran pursues their nuke program much longer, they will be bombed eventually, no doubt.
Just not sure bombing will do any good as the Iranians have likely rebuilt most of their pgrogram in underground facilities that avoided satelite photo detection. We can study the kind of local power grid structure to get a rough idea of what is happening locally and then confirm that through photo analysis of various building structures. It's quite likely the Iranians know how we look for these things and have been careful to hide/disguise them from us.
So we might not even know where all the facilities are, even if we could penetrate their protection with ordinance.
A bombing campaign will likely backfire on the US and Isreal, IMO.
The rial's plummet to historic lows is the result of international sanctions, imposed largely by the United States and the European Union in an effort to pressure Iran to sit down for talks on its nuclear program.
It's funny. Because the Clinton State Department specifically denied that was the case. The propaganda machine is about #REF! on this one.
In the end they have oil. Nuf said.
And we have the match.
Netanyahu's face and Ahmadinejad's ass?
But, why would they have a currency-value problem? I thought they were now trading in Au with the Chicoms for oil.
Also, I thought the Russians were aiding their economy. What gives?
I'm not sure who upped you. But I sure as hell downed you. Back to Reality 101 for you.
They wanna have a war to keep their factories
They wanna have a war to keep us on our knees
They wanna have a war to stop us buying Japanese
They wanna have a war to stop industrial disease
Iran so far away.
Rock the Casbah, rock the Casbah.
http://www.youtube.com/watch?v=bJ9r8LMU9bQ
MOSAD!?
Two hours. Not bad. 2nd place since I have been tracking for bringing up Jews/Mossad/Israel/Zionist/Neocon conspiracy. Don't forget the illuminati!!!.
Fuck off,troll.
I thought that this board believed in freedom. Or are only angry and paranoid losers allowed to comment?
Kish mir in tuchas
Go away.
http://198.62.75.1/www2/koestler/
Read up sphincter boy! If you dare! The truth will never be suppressed.
You people are just Poles stealing Palestinian land. Squatting on other peoples land.
Ashkenazi Jews didn't even originate from Palestine.
no retort polack?
So what? No matter the origins, Millions of Ashkenazi Jews feel kinship with Israel. Been there several times.
Proud AIPAC donor. Love sending your tax dollars there. BTW, two of my grandparents are from Poland two from Russia.
Gashole, do you REALLY believe that the neocon influence on US foreign policy is just a "conspiracy"?
I would say that to deny the reality of it is the REAL conspiracy!
PS: Let me just state in advance that there is absolutely nothing "anti-semitic" (anti-Jewish) in railing against the undue influence that the Isreali government, and their neocon allies in Washington, have on US foreign policy. A government is NOT the same as its people.
Hey, ya execute 16 guys selected from the list of usual suspects and your whole monetary system will be fixed. See? Economics is fun and easy!
So, what is that, the top 2 or 3 guys at the tbtf banks?
Well, it is 16 more financial criminals than Eric Holder has arrested.
lol...I'm having a vision of Ayatollah Krugmanijam screaming incoherently from the roof of the Green Keynesian Mosque right now.
It'll be gone in a minute ;-)
Did one of the perpetrators have a white beard? Kinda sniveling looking with a quivering lip? Had a lot of black ink on his hands?
Arrests will continue until moral improves!
How pathetic is that?
smuggling "1-ply ass wipes", for "Charmin"? I feel for the educated Iranians.
That is a twisted demented way of phrasing it. I guess they can't come out and say the bad guyz were getting the flock out of rials 'cause they ain't worth shit.
The guy with the 300 million going thru the account...could probably get two or three camels to hang out with him for a night or two........
And Nixon also blamed the "international money speculators" before "temporarily" suspending gold convertibility to "defend the dollar" (when the French demanded their gold due to massive currency debasement to pay for Viet Nam). Good thing the pissed off Iranians don't have a clue who the real international money speculators are.
Pitchforks, bitches.
DeGaulle on gold in 1965
http://www.youtube.com/watch?v=i-g2iGskFPE
And the lower the currency goes, the lower is the political cost of going to war... which is the goal.... making sure that Iran ``starts`` this war so NATO/Israel can say how Iran started it and not them.
Gang of 16 ... so they arrested the entire Dept of the Treasury?
+1
The "Federal" "Reserve" Board.
So can't the Iranians fall back on the Renimbi? The U.S. can't really fight China on that issue as opposed to Iran on their currency.
We have a winner. Iran is the first country to reach the finishing line of competitive devaluation.
Both western governments and their own government will claim this is because of the sanctions, but Iran has been on this path for a long time. Other contestants were Venezuela, Argentina and Greece, but the iranians got there first.
My condolences to the iranians that did not support this government - the others are getting what they deserve.
I hope they get the power back and fix this country. Iran has potential to do 5x better than this.
There's a germ of truth to what you say. However, this isnt organic devaluation. Big difference. In this case, even the usually vague 8-Ball tells a sure phrophecy. I pray for Persia.
16 scapegoats. Unlikely they 'caused' anything though, its just propaganda.
Expect the same in the US soon, except it will be gold and silver hoarders accused of destroying the dollar.
"Forgive them Father," said Ben, on the Cross. "I Printed for their sins."
I have no illusions that Iran's regime is pure as driven snow, but the smartest thing for Iran to do would be to simply shut up and let the US, Israel, et al simply stew in their juices. Instead these dumb f*cks keep punching back and asking to be further smacked down by regimes that are looking for convenient punching bags to take the attention away from shit that really matters.
Economic problems are caused by evil manipulators. Is that Krugman's idea too?
Ali's homage to MDB,
“thank A---- that THE currency manipulators were found out, now the regime can continue about the business of growing Iran’s wealth and prestigue. Imagine if such forces were at work in a country the size of the United States of America, how would USA like it if a small band of “terrorists” were manipulating the currency and money supply to the detriment of the people and the benefit of the few.
I hope this example goes around to the world so that all printable fiat currencies can expand in order to allow economonies to grow and prosper.
Coincidentally, this very moment I'm reading "When Money Dies: The Nightmare Of Weimar Collapse" by Adam Fergusson - the part where German banks are blaming devaluation of deutschmarks on black market speculators.
The book has no pictures, but Iran kindly volunteered to provide me with illustrations.
I've heard the Bernanke was last seen dropping bundles of Iranian money from helicopters over Teheran.
"Will be dealt with soon". It sounds rather ominous. Does that mean that these guys are going to get record-breaking bonuses with taxpayer-extorted dollars for a "job well done" like the banksters here get?
Im sure not...maybe the rest of the world can learn from both China and Iran, you know, the evil axis of something or another, on how to deal with corrupt banksters
Just in:
Iranian court sentences 16 suspected currency manipulators to death, by releasing them into the streets dressed as nuclear scientists.
The stoning of rape victims will continue until morality improves.
Plus one...brevity is the soul of wit.
$20 they're being served cockmeat sandwiches in their new accommodations?
Right after they knock out the upper and lower two eye teeth so they can't bite it off.
Then they will learn how to toss salad!
Do they serve jelly in the Iranian prison commisarry?
Imagine every dollar in your pocket devaluing to 30 cents in a matter of weeks?
whats wrong? thats considered a good investment on the US pink sheets
How does israel disrupt a entire currency of a sovereign country almost overnight with 16 guys?
All the Iranian government would need to do to end the currency speculation would be to exchange Iranian currency for dollars at the official exchange rate. Couldn't they just print up a bunch of dollars?
Or I'm sure there are a bunch of Colombians that would be happy to print some dollars for them.
We need around 1,600 arrested here in U.S.A. It's going to take a fleet of paddy wagons and prison buses to transport all the financial criminals from Capitol Hill and the White House to prison! Let the MASS ARRESTS begin here in the U.S.! http://tinyurl.com/cd5cyjo/
The 'people' are rising against the government?! But the Iranian government did not cause this. The Iranian Government is trying to develop nuclear energy for the people and this is how they repay them. WTF? these people want their cake and eat it to?
You either live in a shitty world with old gas powered generators that cannot supply demand, or you join the nuclear club with cheap energy for all.
Either way these people will end up paying higher prices through either a falling currency if government persists, or high energy prices is government desists, from its nuclear ambitions.
The people should be uniting and burning US/ISRAELI/UK/SAUDI flags etc, not blaming their government.
The western world sits back, ahhhhhh, this is too fkn easy.
CNN quit reporting news and went the way of the "Globe" years ago. Last I knew they were saying some weird shit like the FED was working to fix the economy. Or maybe it was about killing Bin Laden for the second time. I can't really remember but I certainly didn't watch this clip.
I want to see George Washington's pretty pictures again.
Thanks for the glimpse of what will happen eventually as our venerated central bankers continue with their policies of fiat currency debasement - use this little glimpse to prepare thyselves
Iranian gov't cya propaganda, 16 unlucky scapegoats.