Order Michael Finch’s new book, A Time to Stand: HERE. Prof. Jason Hill calls it “an aesthetic and political tour de force.”
Amid an orgy of executions and the accelerating collapse of its economy, the mullahs’ regime has driven the Iranian people to unprecedented levels of hardship. The latest plunge of the national currency to a historic low is not an accident of market forces, nor the consequence of global instability. It is the inevitable result of decades of plunder, corruption, and ideological fanaticism by a ruling clerical mafia whose survival depends on bleeding the nation dry. In recent days, the U.S. dollar smashed through the 1,250,000-rial threshold for the first time, shattering all previous records. At the time of the anti-Shah revolution in 1979, there were 74 rials to the U.S. dollar. State media declared that the rial “is melting away.” In truth, it is not the rial that is melting, it is the regime itself.
Read Full Article: https://www.frontpagemag.com/irans-currency-collapse/
