NEW REPORT: Iran Close to Economic Collaspe!!!

[GHook93]

Iran is a one trick pony. 80% of it's revenues are derived from oil Revenues. Europe, America, Japan, India etc are cutting them off. China will still buy, but they are also getting oil from Russia (who is the world's largest export) and Saudi Arabia. The Saudi's are driving the price down, therefore the oil they do sell will be at a lower price. There best friends in Hugo Chavez and Russia are swimming in oil they aren't going to be buyers!

There economy was already shit and it's about to get hit with a economic nuclear bomb. They have a HIGHLY disgrunted population that is set for revolution. When the eonomy collaspes the Aytollahs will be hanging from trees!

Iran on verge of disaster - Israel Opinion, Ynetnews
On July 1st, the European Union's full oil embargo on Iran will go into effect, and from that moment on Tehran shall lose one quarter of its sales revenues. At this time already, the Iranians have no customers for their oil, and tankers carrying some 30,000 barrels without a buyer are docked in the Persian Gulf.

Iran can store up to 80,000 oil barrels in its 39 tankers before it needs to shut down oil wells. Such move would be destructive, as paralyzed oil wells sustain grave damage that prevents them from returning to full capacity later on. At this time the West presses states like China, India, South Korea and South Africa, and they too are minimizing oil acquisitions from Iran.

Yet this is not the only blow to be sustained by Iran that day. In early July, the large insurance companies will stop insuring Iranian tankers and any vessel carrying Iranian oil. In light of this, South Korea, Japan and other states have announced that they will be forced to halt their Iranian oil purchases. Iran has no ability to insure the tankers itself. China may insure some of them, but the costs in such case would be huge.

Iran's economic future never looked grimmer. It currently suffers from a huge deficit, wide-ranging unemployment, a worthless currency, reckless inflation, and young people who only want to flee the isolated state. Many of them have succeeded in doing so.

On top of this, grave sanctions have already been imposed against Iran, such as disconnecting it from the global clearinghouse system and the boycott on companies that maintain ties with Iran's central bank or its oil industry.

Yet there is another immense force currently being utilized against Iran: The policy of Saudi Arabia, which boosted its oil output to a 30-year high, thereby causing a deliberate decline in oil prices. Only months ago, commentators warned that oil prices will rise to $150 or $200 per barrel, but now the price has dropped below the $90 mark.

China's and the West's oil consumption is declining in any case as result of the economic recession, and the growing Saudi output produced a situation whereby supply is higher than demand, prices are dropping, and Iran's customers are switching to Saudi Arabia. The Kurds in northern Iraq are doing the same and have also boosted their oil production.

The Saudis are doing it on purpose. They are highly interested in drying up Iran, among other things against the backdrop of Tehran's support for Syrian President Assad. Saudi Arabia can allow prices to drop to $80 a barrel before being hurt, and such prices are indeed drying Iran up and causing huge damage. After all, some 80% of Iran's revenues come from oil.

 

[ekrem]

Lol GayHooker-93.
It's the same opinion-writer (Guy Bechor) from that wingnut Jew-Website you came-up with before predicting the collapse of Turkish economy (Click).
Sorry, that's just a bullshit-talker, and the Ayatollahs "collapsing" is just wishful thinking on your side.

 

[GHook93]

Lol GayHooker-93.
It's the same opinion-writer (Guy Bechor) from that wingnut Jew-Website you came-up with before predicting the collapse of Turkish economy (Click).
Sorry, that's just a bullshit-talker, and the Ayatollahs "collapsing" is just wishful thinking on your side.

Don't worry Turkey is next! The short-term successfuly Turkey is seeing by 100 fold increasing government and spending will bite you in the ass. Ask the Greeks how great life was like when they were building their bubble! Live was good but temporary. Now watch they scamble in downfall!

The Turks will be there sooner rather than later! When it happens I will be !!!

 

[ekrem]

Don't worry Turkey is next! The short-term successfuly Turkey is seeing by 100 fold increasing government and spending will bite you in the ass. Ask the Greeks how great life was like when they were building their bubble! Live was good but temporary. Now watch they scamble in downfall!

The Turks will be there sooner rather than later! When it happens I will be !!!

Bullshit-talker.

Government gross debt as % of GDP
Greece --------------- 153 %
Iran ------------------ 10 %
Israel ---------------- 74 %
Turkey --------------- 36 %
USA ------------------ 106 %

IMF DataMapper v3.0

 

[GHook93]

Don't worry Turkey is next! The short-term successfuly Turkey is seeing by 100 fold increasing government and spending will bite you in the ass. Ask the Greeks how great life was like when they were building their bubble! Live was good but temporary. Now watch they scamble in downfall!

The Turks will be there sooner rather than later! When it happens I will be !!!

Bullshit-talker.

Government gross debt as % of GDP
Greece --------------- 153 %
Iran ------------------ 10 %
Israel ---------------- 74 %
Turkey --------------- 36 %
USA ------------------ 106 %

IMF DataMapper v3.0

First, bold the country I am from - AMERICA!!! That is the GDP and debt I care about! Hey smokey! Why not actually attach a link that your claims? You linked GDP growth!

 

[ekrem]

First, bold the country I am from - AMERICA!!! That is the GDP and debt I care about! Hey smokey! Why not actually attach a link that your claims? You linked GDP growth!

Link:IMF DataMapper v3.0
Subject: Government gross debt as % of GDP


Don't behave like a total moron.

 

[rhodescholar]

Iran is a one trick pony. 80% of it's revenues are derived from oil Revenues. Europe, America, Japan, India etc are cutting them off. China will still buy, but they are also getting oil from Russia (who is the world's largest export) and Saudi Arabia. The Saudi's are driving the price down, therefore the oil they do sell will be at a lower price. There best friends in Hugo Chavez and Russia are swimming in oil they aren't going to be buyers!

There economy was already shit and it's about to get hit with a economic nuclear bomb. They have a HIGHLY disgrunted population that is set for revolution. When the eonomy collaspes the Aytollahs will be hanging from trees!

Iran on verge of disaster - Israel Opinion, Ynetnews
On July 1st, the European Union's full oil embargo on Iran will go into effect, and from that moment on Tehran shall lose one quarter of its sales revenues. At this time already, the Iranians have no customers for their oil, and tankers carrying some 30,000 barrels without a buyer are docked in the Persian Gulf.

Iran can store up to 80,000 oil barrels in its 39 tankers before it needs to shut down oil wells. Such move would be destructive, as paralyzed oil wells sustain grave damage that prevents them from returning to full capacity later on. At this time the West presses states like China, India, South Korea and South Africa, and they too are minimizing oil acquisitions from Iran.

Yet this is not the only blow to be sustained by Iran that day. In early July, the large insurance companies will stop insuring Iranian tankers and any vessel carrying Iranian oil. In light of this, South Korea, Japan and other states have announced that they will be forced to halt their Iranian oil purchases. Iran has no ability to insure the tankers itself. China may insure some of them, but the costs in such case would be huge.

Iran's economic future never looked grimmer. It currently suffers from a huge deficit, wide-ranging unemployment, a worthless currency, reckless inflation, and young people who only want to flee the isolated state. Many of them have succeeded in doing so.

On top of this, grave sanctions have already been imposed against Iran, such as disconnecting it from the global clearinghouse system and the boycott on companies that maintain ties with Iran's central bank or its oil industry.

Yet there is another immense force currently being utilized against Iran: The policy of Saudi Arabia, which boosted its oil output to a 30-year high, thereby causing a deliberate decline in oil prices. Only months ago, commentators warned that oil prices will rise to $150 or $200 per barrel, but now the price has dropped below the $90 mark.

China's and the West's oil consumption is declining in any case as result of the economic recession, and the growing Saudi output produced a situation whereby supply is higher than demand, prices are dropping, and Iran's customers are switching to Saudi Arabia. The Kurds in northern Iraq are doing the same and have also boosted their oil production.

The Saudis are doing it on purpose. They are highly interested in drying up Iran, among other things against the backdrop of Tehran's support for Syrian President Assad. Saudi Arabia can allow prices to drop to $80 a barrel before being hurt, and such prices are indeed drying Iran up and causing huge damage. After all, some 80% of Iran's revenues come from oil.

The Saudis should pump so much oil that it drops to $40/barrel, and wipe the fake iranian regime off the map entirely.

 

[rhodescholar]

Lol GayHooker-93.
It's the same opinion-writer (Guy Bechor) from that wingnut Jew-Website you came-up with before predicting the collapse of Turkish economy (Click).
Sorry, that's just a bullshit-talker, and the Ayatollahs "collapsing" is just wishful thinking on your side.

I'm turkish and turkey's not going anywhere, agreed. But the iranian regime is going to collapse in the next year, either from economics or a military strike.

 

[GHook93]

Lol GayHooker-93.
It's the same opinion-writer (Guy Bechor) from that wingnut Jew-Website you came-up with before predicting the collapse of Turkish economy (Click).
Sorry, that's just a bullshit-talker, and the Ayatollahs "collapsing" is just wishful thinking on your side.

First, I want to point out we're not discussing your shithole Islamic country we are talking about Iran. Second, Iran and Turkey are different. Turkey's economy isn't based off of oil. 80% of Iran's economy is! Unlike Turkey Iran has high unemployment and their economic woes nearly sparked a Green Revolution. Now they are about to get hit with an economic nuclear bomb!

Their situation is MUCH MUCH different than Turkey. So Shut your IslamicFacist self up!

 

[GHook93]

(1) EU - Together they are Iran's largest customer - Expected to cut purchases by 90%
(2) China - Cutting imports by 10-20%
(3) India - Cutting imports by 10-15%
(4) Japan - by 11%
(5) Turkey - bu 20% - Glad to know those Turkish Islamics are backstabbers to their Islamist brothers also!

China, India plan Iran oil cuts ... JPost - Iranian Threat - News
Data: Turkey steeply cutting Iranian oil p... JPost - Middle East

 

[RoccoR]

et al,

The US view has a tendency to judge the performance of most countries in the same political-economic way that they judge the US; this goes for Iran as well. (Thant may not be the right approach.)

Iran, by most accounts, is actually adjusting to the sanctions. It's debt is 15 to 20 times better than America's. Iran's current account balance as a percentage of GDP ia +8% TO +12%, where America is -3% to -4%.

Depending on who's figures you look at, Iran rates about 40 to 50 on the list of largest economies in the world. Although Iran is currently running a high unemployment rate (15%), it wasn't that long ago that the US unemployment rate was 10% and is now running about 8% (not counting the under-employment rate).

USA Unemployment Rate 8.2%, Underemployment Rate 14.8%
boomdoomeconomy.blogspot.com/.../usa-unemployment-rate-82.ht...
Jun 2, 2012 – USA Unemployment Rate 8.2%, Underemployment Rate 14.8%. ♦♦♦. Bureau of Labor Statistics: Employment Situation Summary ...
Boom Doom Economy: USA Unemployment Rate 8.2%, Underemployment Rate 14.8%

I don't have a position, one way or the other, but --- I have to wonder if the US could hold under the strain of sanctions as well as Iran has done so far.

Interestingly enough:

The U.S. said Monday it would grant waivers from tough Iran sanctions to six countries and Taiwan for sufficiently cutting their imports of Iranian crude.

India, Malaysia, South Korea, South Africa, Sri Lanka, Turkey and Taiwan received exemptions Monday for 180 days under sanctions imposed by a provision of the National Defense Authorization Act, which was signed into law Dec. 31 of last year. The full slate of sanctions goes into effect on June 28.

SOURCE: US Exempts More Countries from Iran Oil Sanctions - Corruption Currents - WSJ

I wouldn't make any bets yet. The US is not the economic powerhouse it once was. But I think Iran, while hurting, is in a stronger position than most people think. US sanctions are going to make others bleed, and it is doubtful that the world will allow the US to pull this trick again.

Most Respectfully,
R

 

[Jos]

Iran starts exporting electricity to power-starved Iraq

Iran has started exporting electricity to a central province in Iraq using a new power line, according to the Tehran Times.


The new 100 MW supply will go to Iraq's Wasit province, which suffers regular blackouts due to shortages, Tehran Times cited the Iraqi news agency Aswat al-Iraq as saying. The area needs 550MW daily but receives little more than one-fourth that amount from the national power grid, according to Iran's semi-official Fars News agency.

Iraq as a whole continues to suffer massive power shortages due to poor infrastructure, a lack of funds, political disorganization, and the effects of the recent US-led war.

Iran starts exporting electricity to power-starved Iraq -- report | GlobalPost

 

[GHook93]

They are getting crushed and this is even before their biggest client the EU puts on their total oil boycott July 1st (I can't wait for the headlines in July on how Iran is crumbling and dealing with hyber-inflation!!! )!!!

Iran feels sanctions pain as oil income slumps

Teheran struggles with 20% inflation as oil output plummets in light of tightening Western sanctions; Gov't says 'country undergoing major economic surgery'

Tough financial measures imposed by Washington and Brussels have made it ever more difficult to pay for and ship oil from Iran. Its oil output has sunk to the lowest in 20 years, cutting revenue that is vital to fund a sprawling state apparatus.

Already down by more than a quarter, or about 600,000 barrels per day, from rates of 2.2 million bpd last year, shipments of crude oil from Iran are expected to drop further when a European Union oil embargo takes effect on July 1.

Tehran is already estimated to have lost more than $10 billion in oil revenues this year.

Causing even more pain, oil prices fell below $100 a barrel last week to a 16-month low amid a darkening outlook for economies in Europe, the United States and China.

"This is an act of economic warfare. The sanctions are having a big effect in cumulative terms: Iran is being locked out of the global financial system," said Mehdi Varzi, a former official at the National Iranian Oil Co.

Poor Iran no place for their oil after there greatest collection of customers (EU) have cut them off, now there four size country biggest customers are not only not picking up the slack, they are cutting back to the tune of 20%. Japan and South Korea have indicated they will cut even further. Not to mention the 5th biggest single country buyer as stated earlier in the thread is cutting back also - Thanks Turkey.

I guess it's not smart to put 80% of your economy on one item!!!

Note: This is foreshadow of what will happen to all the oil export dependent countries when the world moves beyond oil over the next few decades. That means Iran, Iraq, Nigeria, Kuwait, Sudan, Saudi Arabia, Qatar, Mother Russia, Venezuela, Libya and all the OPEC will get hit with an economic nuclear bomb!

Homeless Oil

On the export front, several big European companies have halted purchases of Iranian oil and others are winding down.

Iran had hoped that energy-hungry China and India, both major customers, would mop up much of the oil left homeless by European clients. That may not be the case.

"Our impression is that China and India have not been as helpful as the Iranians expected," said a senior Western oil executive, who declined to be identified.

"But it's very difficult to get a clear picture of how much oil is moving because they are deliberately cutting off communication."

Since early April, Tehran has been hiding the destination of its oil sales by switching off tracking systems on its tankers.

But barrels counted upon arrival in Iran's top four customers - China, India, Japan and South Korea - show a 20 percent decrease, or 357,000 bpd, so far this year, according to government data and industry sources.

That translates into a loss in revenue of roughly $35.7 million a day, or $4.3 billion in the first

 

[Jos]

Maybe Iran should invest in Nuclear power?

 

[GHook93]

Maybe Iran should invest in Nuclear power?

What they going to export nuclear power? Get a clue. This has nothing to do with their energy source, rather it has to do with a export that 80% of their economy is reliant on.

No matter how much wishful thinking and Jew hating you want to conjure up, the Big O's policy on Iran is working! I will give him credit for that!

 

[Jos]

The Iranians were doing just fine before Oil was discovered, and will continue to do fine, it's a big country, they are developing Nuclear energy, and already export electricity to Iraq


In a [ame="http://www.amazon.com/Silent-Warfare-Understanding-World-Intelligence/dp/1574883453"]silent War[/ame], propaganda is a weapon

 

[Katzndogz]

There are so many exemptions for the oil sales that Iran will have plenty of money until they decide to launch their nuclear bombs.

They were hanging by a thread in 2009, but obama decided not to help the dissident Iranians.