Iran
Posted by
John King on Sat, Jan 21, 2012 @ 03:23 PM
The danger is mounting as the world puts the economic squeeze on the thugs running Iran. The EU ministers seem not to be displaying their normal dither as they are expected to turn the screws even tighter on Monday by banning Iranian oil purchases. Already the Riyal is collapsing and if this proposed sanction actually takes place the death of the currency is all but certain. The government is currently printing Riyal bank notes so fast its prices are changing by the hour. Gold and – the irony of it all – U235 prices have soared. How the regime will react is probably too predictable and it will not be positive. Our markets might become even more volatile if this ends in a military explosion.