Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Jamani wrote:@ hisah while i agree with part of your statement, i can tell you these sanctions are biting, in May 2011 1 usd used to exchange at 11,000 Iranian riyals today its exchanging at 18,500 riyals and expected to stand at 20,000 after 23rd. Whether china/japan/russia buy their oil or not (i thought russia has there own oil) the ground is hurting.... In short term they will. But look at the western economies, such farce. The fact that asians are defiant to the west sanction calls on persia says a lot about the economical balance. A few yrs backs persia would have seen military machines going and installing a puppet regime. When one threatens the petrodollar hegemony, the war machine takes you down. Saddam & Gaddafi are recent examples. Cheves was lucky since Iraq & Afghan missions stretched resources. Research more on oil trading cycles.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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