Iran starts process to formally drop dollar, citing Trump's immigration ban

[devil21]

As if ditching the FRN dollar standard hasn't been in the works for many years. Trump sure is good at playing the bad guy, isn't he? Can blame everything on him and the sheep will believe it.

http://www.forbes.com/sites/dominicd.../#604d4d99676d

The Iranian government is to stop using the US dollar in its official statements, according to a report in the local English-language daily the Financial Tribune.

The decision was announced by Central Bank of Iran governor Valiollah Seif during a television interview on the evening of January 29 and, according to the paper, is due to take effect from the start of the new fiscal year on 21 March. It will affect all official financial and foreign exchange reports.

more at link

[donnay]

As if ditching the FRN dollar standard hasn't been in the works for many years. Trump sure is good at playing the bad guy, isn't he? Can blame everything on him and the sheep will believe it.

http://www.forbes.com/sites/dominicd.../#604d4d99676d

Yes this has been in the works years. Iran, as far back as 2009, was talking about dropping the dollar for euros. When Saddam did this, America invaded Iraq. Trump isn't the bad guy, they make him out to be, so this give them the excuse to push forward with this plan.

I hope this pushes Trump to get the US independence from foreign oil.

[Zippyjuan]

Basically saying they won't "convert" figures into dollars in financial statements. Other than that, no real change.

[kfarnan]

Sooner the better

[brushfire]

In other news: Child refuses to eat broccoli - blames trump

[presence]

omg!

Iran to accept bitcoin in exchange for oil transactions to Sri Lanka?

crypto is moon!

[Ender]

Yes this has been in the works years. Iran, as far back as 2009, was talking about dropping the dollar for euros. When Saddam did this, America invaded Iraq. Trump isn't the bad guy, they make him out to be, so this give them the excuse to push forward with this plan.

I hope this pushes Trump to get the US independence from foreign oil.

Isn't Trump the guy that's been saying the Iran deal was horrible and he was going to rescind it?

[donnay]

Isn't Trump the guy that's been saying the Iran deal was horrible and he was going to rescind it?

I believe the US should back out of the deal Obama made with Iran.

[fedupinmo]

In other news: Child refuses to eat broccoli - blames trump

Bush's fault.

[Ender]

I believe the US should back out of the deal Obama made with Iran.

WHY?

IRAN SHOULD NEVER HAVE BEEN UNDER SANCTIONS OR BEEN TAKEN OVER BY THE WEST.

[RJB]

The dollar will crash someday. When? I don't know, but If I had a dollar for every news report that claimed the final Jenga block was about to be removed, I could afford an under ground doomsday shelter fit for a king.

[RonPaulGeorge&Ringo]

Isn't Trump the guy that's been saying the Iran deal was horrible and he was going to rescind it?

No.

[devil21]

Basically saying they won't "convert" figures into dollars in financial statements. Other than that, no real change.

What then is the dollar, if not a unit of measure, against other convertible currencies? Can you define a dollar to us Zip?

How does a unit of measure compare to physical metals?

[timosman]

The dollar will crash someday. When? I don't know, but If I had a dollar for every news report that claimed the final Jenga block was about to be removed, I could afford an under ground doomsday shelter fit for a king.

I am afraid it is time. Your shelter would come handy.

[donnay]

WHY?

IRAN SHOULD NEVER HAVE BEEN UNDER SANCTIONS OR BEEN TAKEN OVER BY THE WEST.

Donald J. Trump ‏@realDonaldTrump 5h5 hours ago

Iran was on its last legs and ready to collapse until the U.S. came along and gave it a life-line in the form of the Iran Deal: $150 billion

https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw

[Zippyjuan]

What then is the dollar, if not a unit of measure, against other convertible currencies? Can you define a dollar to us Zip?

How does a unit of measure compare to physical metals?

Iran conducts business in rials. When the government published financial reports, they included figures in terms of rials and also in terms of dollars. They are going to stop including the dollar figure in reports. That is the announced change. They haven't been doing business in dollars so aren't dropping using dollars for business.

[Ender]

https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw

Iran was taken over by a US/Brit coup in 1953; they dared to take their country back in 1979 and were then labeled "terrorists". They have been under sanctions since then.

The $150 billion is money WE owe them. We grabbed all their bank accounts that were held in foreign banks and kept the money.

[Ender]

Ron Paul on this Iran mess:

http://www.ronpaulforums.com/showthr...21#post6410321

[donnay]

Iran was taken over by a US/Brit coup in 1953; they dared to take their country back in 1979 and were then labeled "terrorists". They have been under sanctions since then.

The $150 billion is money WE owe them. We grabbed all their bank accounts that were held in foreign banks and kept the money.

You won't get an argument from me, I know all about the Mossadegh situation. I think we shouldn't have interfered in the first place but that's not Trump's fault. Again Trump is concerned about the $150 billion Obama gave Iran just recently.

So if Ron Paul were president would you demand that the US pay $150 billion to Iran for something that happened in 1953?

[Zippyjuan]

You won't get an argument from me, I know all about the Mossadegh situation. I think we shouldn't have interfered in the first place but that's not Trump's fault. Again Trump is concerned about the $150 billion Obama gave Iran just recently.

So if Ron Paul were president would you demand that the US pay $150 billion to Iran for something that happened in 1953?

The $150 billion wasn't because of 1953. The money was seized by the US government in 1979 during the Iranian hostage crisis. It had been frozen in US bank accounts.

[donnay]

The $150 billion wasn't because of 1953. The money was seized by the US government in 1979 during the Iranian hostage crisis. It had been frozen in US bank accounts.

Fact-Check: Yes, the Nuclear Deal Hands ‘$150 Billion’ Over to Iran
http://www.breitbart.com/live/second...-billion-iran/

[Zippyjuan]

Yes, we gave Iran the money. But it was already Iran's money- seized in 1979- as Breitbart notes:

that would result in $150 billion returning to the coffers of the Islamic Republic of Iran.

“When I look at the Iran deal and how bad a deal it is for us, it’s a one-sided transaction where we’re giving back $150 billion to a terrorist state – really, the number one terrorist state,” Trump told the audience, responding to a question from the audience. “We’ve made them a strong country from, really, a very weak country just three years ago.”

[Ender]

Yes, it gave Iran the money. But it was already Iran's money- seized in 1979- as Breitbart notes:

Zip is right on this @donnay.

The money belongs to Iran.

[LibForestPaul]

What then is the dollar, if not a unit of measure, against other convertible currencies? Can you define a dollar to us Zip?

How does a unit of measure compare to physical metals?

A dollar is a tool, just like gold, just like British Pound. It is those in power of a society whom decide what tool is most valuable, by law and by force. All the gold and diamonds did not help those fleeing Nazi Germany. Power is the ultimate currency.

Opium trade us a good read about this concept.