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#2896818 - 01/11/19 12:53 PM Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse
squidley Offline
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https://www.americanthinker.com/articles/2019/01/will_iran_become_the_next_venezuela.html

Quote:
American Thinker 01/11/2019

Will Iran Become the Next Venezuela?

“Will Iran become the next Venezuela?” Almost every Iranian has faced this question. In truth, Iran has not only become the next Venezuela, but the acceleration of its economic collapse is much higher than that of Venezuela.

The economic situations of Venezuela and Iran can be compared by examining the inflation rate and the conversion rate of USD to Bolivars (Venezuela currency) and the inflation rate and conversion rate of Iranian Rials to U.S. Dollars.

Almost all of Venezuela’s income is from the oil industry. In 2015, the oil-dependent economy contracted 5.7% and the inflation rate, which was at 57% in 2014, suddenly reached 181%. In 2016, oil revenues fell by 12.7%, and Venezuela's non-oil revenues fell by 19.5%, which in turn brought the inflation rate to 254%.

In 2017, this trend continued. The inflation rate reached 741%, and now a country that once was prosperous because of high oil prices suddenly faced economic disaster. Venezuelans reduced their meals, formed long queues for food and toilet paper, and were forced to eat garbage from dumpsters.

Maduro’s government blamed the situation on an “economic war” led by the country's political adversaries with the help of the United States. That’s exactly what President Rouhani and Ayatollah Khamenei say today. In August 2018, Iran’s Parliament summoned President Hassan Rouhani to answer questions about the country’s economic crisis. Rouhani blamed U.S. sanctions, not government mismanagement, for his country’s troubles.

In September 2018, President Rouhani and his cabinet met with the Supreme Leader, Ayatollah Ali Khamenei. During their conversation, Khamenei mentioned even the shortage of baby diapers, blamed it on "the enemy" (U.S.) who "wants the Iranian people to be angry with their own government."

Turning to Venezuela, we see that in December 2015, the Bolivar on the black market was at nearly 700 to 1 for the U.S. Dollar. However, in December 2018, each USD was 46,974,000 Bolivars. That is approximately 67,106 times more.

According to Professor Steve Hanke, an American applied economist and a distinguished professor at Johns Hopkins University, Venezuela's annual inflation rate on September 04, 2018 was 55,049% which is 304 times that of 2015.

Now let’s return to Iran’s economy and compare it with Venezuela’s economy. According to Professor Hanke's analysis, the inflation rate in April 2018 was 52.7%. Only after five months, on September 4, 2018, the inflation rate reached 268%.

The reason we say that the acceleration of the collapse of Iran’s economy is much higher than Venezuela is because it took two years for Venezuela’s inflation rate to increase from 57% to 254%, but in Iran it took only five months.

According to Professor Hanke's calculations, Iran's inflation rates were 211%, 244%, and 268% on September 2, 3, 4, of the 2018 rate, respectively. That means, in just three days, the poor Iranian people witnessed a 57% rise in the inflation rate under the management of the Islamic Republic Regime.
.....
As in Venezuela, the inflation rate of Iran has become "exponential" and Iran's economy is on the verge of collapse. That being said, the acceleration of the economic collapse in Iran is far greater than the economic collapse in Venezuela.





Babak Vaziri is an Iranian sociopolitical activist and blogger based in Iran. Prof. Sina Nahavandi is an Iranian sociopolitical activist and blogger based in the United States.


I like how the Ayatolah blamed it all on the US. I think he's making excuses for his own failures. But yes, I'll take it.
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#2896829 - 01/11/19 01:20 PM Re: Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse [Re: squidley]
StuAzole Online   content
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Are they socialist?

And while the charts look similar, is 211% almost the same as 65,320%? Maybe Surfdog can do this math?
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#2896834 - 01/11/19 01:30 PM Re: Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse [Re: squidley]
manbearpig Offline
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Run for your life squidly!!!!!
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#2896842 - 01/11/19 01:45 PM Re: Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse [Re: manbearpig]
stu dog Online   content
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why are conservatives so hung up on Venezuela. any rational person can tell you it's more a dictatorship there.

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#2896861 - 01/11/19 02:28 PM Re: Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse [Re: stu dog]
squidley Offline
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Originally Posted By: stu dog
why are conservatives so hung up on Venezuela. any rational person can tell you it's more a dictatorship there.


Currency collapse happens when a government which prints money spends more money than its future income. The time frame of the collapse depends on how much more. At some point, as people's money devalues, the labor which earns the money devalues. People stop working merely to support a government which does nothing but take.

Such a government can be socialist or fascist, but it is sure to be authoritarian.

"But squidley, we can't do that because we have a democracy."

Voters can vote in an authoritarian government at any time. Many people say that, in the long term, people hate freedom and stability, and will ultimately destroy any democracy you place in front of them.
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Edited by squidley (01/11/19 02:32 PM)

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#2896887 - 01/11/19 03:24 PM Re: Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse [Re: squidley]
StuAzole Online   content
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Originally Posted By: squidley
Originally Posted By: stu dog
why are conservatives so hung up on Venezuela. any rational person can tell you it's more a dictatorship there.


Currency collapse happens when a government which prints money spends more money than its future income. The time frame of the collapse depends on how much more. At some point, as people's money devalues, the labor which earns the money devalues. People stop working merely to support a government which does nothing but take.

Such a government can be socialist or fascist, but it is sure to be authoritarian.

"But squidley, we can't do that because we have a democracy."

Voters can vote in an authoritarian government at any time. Many people say that, in the long term, people hate freedom and stability, and will ultimately destroy any democracy you place in front of them.
.


So....much...irony...
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#2896898 - 01/11/19 04:01 PM Re: Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse [Re: squidley]
manbearpig Offline
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Originally Posted By: squidley
Originally Posted By: stu dog
why are conservatives so hung up on Venezuela. any rational person can tell you it's more a dictatorship there.


Currency collapse happens when a government which prints money spends more money than its future income. The time frame of the collapse depends on how much more. At some point, as people's money devalues, the labor which earns the money devalues. People stop working merely to support a government which does nothing but take.

Such a government can be socialist or fascist, but it is sure to be authoritarian.

"But squidley, we can't do that because we have a democracy."

Voters can vote in an authoritarian government at any time. Many people say that, in the long term, people hate freedom and stability, and will ultimately destroy any democracy you place in front of them.
.

So you think trump is a socialist/authoritarian/fascist/derp?
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#2897252 - 01/12/19 01:27 PM Re: Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse [Re: squidley]
sozzle Offline
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out of control inflation before the regime change?

https://www.youtube.com/watch?v=Xf_mFkacM5o&t=31s

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#2897256 - 01/12/19 01:34 PM Re: Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse [Re: manbearpig]
squidley Offline
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Originally Posted By: manbearpig
Originally Posted By: squidley
Originally Posted By: stu dog
why are conservatives so hung up on Venezuela. any rational person can tell you it's more a dictatorship there.


Currency collapse happens when a government which prints money spends more money than its future income. The time frame of the collapse depends on how much more. At some point, as people's money devalues, the labor which earns the money devalues. People stop working merely to support a government which does nothing but take.

Such a government can be socialist or fascist, but it is sure to be authoritarian.

"But squidley, we can't do that because we have a democracy."

Voters can vote in an authoritarian government at any time. Many people say that, in the long term, people hate freedom and stability, and will ultimately destroy any democracy you place in front of them.
.

So you think trump is a socialist/authoritarian/fascist/derp?


So you think a president who has drastically pared the authority of government is authoritarian.

Got it.
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#2897258 - 01/12/19 01:36 PM Re: Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse [Re: squidley]
manbearpig Offline
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Except trumpy hasn’t done that.

You closet liberal you.
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#2897261 - 01/12/19 01:38 PM Re: Will Iran Become the Next Venezuela? Inflation rate "exponential," Economy on Verge of Collapse [Re: squidley]
mundus Offline
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Registered: 02/25/18
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The only authority he curtailed was the Govts ability to stop corporations from polluting,

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