International Zionism and Satanism Are Indistinguishable

An “active allegiance to Satan” is the political ideology of the United States, Saudi Arabia, and indeed Israel, specifically when it comes to dealing with important issues in the Middle East. The Jamal Khashoggi debacle again makes this very clear. The recent war in Yemen is another example.

By Jonas E. Alexis

There are essentially three Zionist powerhouses in the world: Israel, the United States, and Saudi Arabia. Those powerhouses want to rule much of the world with an iron fist. They have been meddling in covert activities and diabolical espionage for more than sixty years, and the Jamal Khashoggi murder is a recent manifestation of clandestine enterprises through the decades.

One can historically argue that covert activities are engrained in the Zionist powerhouses. By 1979, the Ayatollah Khomeini understood that idea very clearly precisely because it was already creating chaos in Iran and elsewhere in the Middle East. Khomeini then had to attack that idea. He fleshed out a principle which continues to be true to this very day. Khomeini posited then:

“There is no crime America will not commit in order to maintain its political, economic, cultural, and military domination of those parts of the world where it predominates. It exploits the oppressed people of the world by means of the large-scale propaganda campaigns that are coordinated for it by international Zionism.

“By means of its hidden and treacherous agents, it sucks the blood of the defenseless people as if it alone, together with its satellites, had the right to live in this world. Iran has tried to sever all its relations with this Great Satan and it is for this reason that it now finds wars imposed upon it.”[1]

“International Zionism” is an apt description of what was going on then. The United States and England had already overthrown a democratically elected president in Iran by the name of Mossadegh in 1953,[2] and both countries were expanding aggressively in the Middle East to keep a diabolical empire alive and well.

By 1954, the CIA again overthrew a democratically elected official by the name of Jacobo Arbenz in Guatemala.[3] The documents for this unfortunate coup are readily available at the National Security Archive.[4]

If one peels the ideological onion, then the logic becomes pretty clear: the United States has been in the business of overthrowing countries in the Middle East and elsewhere for a century.[5] So it is no surprise to see that Trump is treading on the same diabolical path.

Going back to the Ayatollah Khomeini, he made an attempt to solve the “international Zionism” problem by appealing to Muslim unity. But that again was another problem because countries like Saudi Arabia were already prostrating before “international Zionism.” As E. Michael Jones puts it,

“At the very moment he invoked Islamic unity, Khomeini was forced to concede that Islam was breaking up into two warring factions. The grand climactic battle of the anti-Communist crusade disguised this split for decades, but now, as intra-Islamic wars raged in Yemen and Iraq, Khomeini showed himself more of a prophet than a politician who could bring about Islamic unity. Either way, the Great Satan was exacerbating division as a means of achieving geo-political goals.”[6]

Khomeini obviously lit up a prophetic fire which again is still relevant today. “International Zionism” is still sucking the blood of virtually every nation on earth through covert activities, espionage, and deceptive means. And by metaphysically rejecting the moral and political order and embracing chaos and destruction, international Zionism has essentially become Satanism.

Yemeni civilians living on bread crumbs

This principle was articulated by St. Athanasius, who posited that any metaphysical idea which ontologically denies Logos and its central place in the universe will end up being Satanic. In a Satanic universe, what is true is actually a lie and what is a lie is by definition true. In fact, opposition to Logos “was deemed to involve an active allegiance to Satan.”[7]An “active allegiance to Satan” means that innocent people have to die in order to preserve a wicked ideology. If you doubt this, then take a look at what happened in Iraq in 2003, where the warmongers sent a six-trillion dollar bill to the American people.

In short, an “active allegiance to Satan” is the political ideology of the United States, Saudi Arabia, and indeed Israel, specifically when it comes to dealing with important issues in the Middle East. The Jamal Khashoggi debacle again makes this very clear. The recent war in Yemen is another example.

The sad thing is that there are people out there who preposterously think that the murder of Khashoggi was a set up by a “a rogue group connected to Turkey, NATO and others” in order to embarrass both Saudi Arabia and the United States! The person who has made this crazy claim is none other than Alex Jones.[8]

Creatures like Jones will never tell the whole truth and nothing but the truth because they prey on naïve people. Like Donald Trump and Justin Trudeau who keep selling military weapons to the Saudis (despite the fact that the Saudis have openly assassinated journalists),[9] a green goblin like Jones is just on the air to empty the pockets of thousands upon thousands of listeners. That’s why he lies. He invents lies. And he will continue to lie because he loves money more than truth.

So in the Zionist world, everyone wants to get a piece of the pie. The only people who cannot get even a decent meal are the poor souls in Yemen, people who are now living on bread crumbs.[10]

  • [1] Quoted in E. Michael Jones, “The Great Satan and Me: Reflections on Iran and Postmodernism’s Faustian Pact,” Culture Wars, July/August 2015.
  • [2] See Stephen Kinzer, All the Shah’s Men: An American Coup and the Roots of Middle East Terror (Hoboken: John Wiley & Sons, 2003 & 2008); Christopher de Bellaigue, Patriot of Persia: Muhammad Mossadegh and a Tragic Anglo-American Coup (New York: HarperCollins, 2013); Ervand Abrahamian, The Coup: 1953, the CIA, and the Roots of Modern U.S.-Iranian Relations (New York: The New Press, 2015).
  • [3] Stephen C.. Schlesinger and Stephen Kinzer, Bitter Fruit: The Untold Story of the American Coup in Guatemala (New York: Anchor Books, 1990); Piero Gleijeses, Shattered Hope: The Guatemalan Revolution and the United States, 1944-1954(Princeton: Princeton University Press, 1992); Richard H. Immerman, The CIA in Guatemala: The Foreign Policy of Intervention (Austin: University of Texas Press, 2007); Nick Cullather, Secret History: The CIA’s Classified Account of Its Operations in Guatemala 1952-1954 (Stanford: Stanford University Press, 2006); Kate Doyle and Peter Kornbluh, eds., “CIA and Assassinations: The Guatemala 1954 Documents,” The National Security Archive
  • [4]
  • [5] Stephen Kinzer, Overthrow: America’s Century of Regime Change from Hawaii to Iraq (New York: Times Books, 2006); Michael Grow, U.S. Presidents and Latin American Interventions: Pursuing Regime Change in the Cold War (Lawrence: University Press of Kansas, 2008).
  • [6] Jones, “The Great Satan and Me: Reflections on Iran and Postmodernism’s Faustian Pact,” Culture Wars, July/August 2015.
  • [7] Ibid.
  • [8] If you are an Alex Jones listener, if you are financially supporting this man with your precious money, then I feel sorry for you because you are being duped. Alex Jones has not the slightest of moral and truthful integrity, particularly when it comes to issues in the Middle East. No sane person should even support this man precisely because fundamental truth is not part of his vocabulary.
  • [9] Ashifa Kassam, “Justin Trudeau defends Canada’s arms sales to Saudi Arabia,” Guardian, March 21, 2018; “Justin Trudeau says he is unlikely to cancel Saudi armored vehicles sale,” Guardian, October 23, 2018.
  • [10] “Yemen’s displaced live on bread crumbs, leaves,” Associated Press, November 2, 2018.



Iran will slap US in face by defeating sanctions: Ayatollah Khamenei

Thu Oct 4, 2018 05:53AM

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says American sanctions are “more fragile than” Iran’s economy, emphasizing that the Iranian nation will “slap the US in the face” by defeating those bans​​​​, once again.

Ayatollah Khamenei made the remarks during a speech to a large gathering of Iran’s Basij volunteer forces and senior military officials at the Azadi Stadium in the capital, Tehran, which has a capacity of 100,000 people.

“Following vast explorations, the enemy has arrived at sanctions [as a solution] to counter the Islamic Republic. It has no other solution but economic sanctions. Other paths in front of it are blocked,” said Ayatollah Khamenei, stressing, however, that “economic sanctions are more fragile than our national economy.”

“Our national economy can defeat sanctions,” said the Leader. “The defeat of sanctions will be America’s defeat, and the US, with this defeat, should once again be slapped in the face by the Iranian nation, God willing.”

“The enemy wants to bring the Iranian nation to the conclusion that there is a dead end, and that there is no solution except kneeling and giving in to the US,” The Leader said, adding that those promoting such a viewpoint at home are traitors to the country.

Ayatollah Khamenei, however, assured that he “will not allow that to happen in the country” with the help of the nation.

The Leader further said the Iranian nation has been blessed with “invincibility,” which is rooted in its 1979 Islamic Revolution, its eight-year Holy Defense of the country against the ex-Iraqi regime’s war in the following years, and in general, its steadfast resistance over the past 40 years in the face of all enemy plots.

“The grandeur and authority of the Islamic Republic and its invincibility are not empty talk or mere slogans. It is a fact that the enemies seek to keep us ignorant of,” stressed the Leader.

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei delivers a speech to a large crowd of Iranian Basij volunteer forces at Azadi Stadium, Tehran, Iran, October 4, 2018. (Photo by

Ayatollah Khamenei said US President Donald Trump had recently told some European leaders that Iran’s Islamic establishment would be toppled in 2-3 months, adding that such comments are nothing new.

However, almost 40 years into the Revolution, the Islamic Republic has only grown more powerful, the Leader said. “The enemy of the Iranian nation has failed to gain an understanding of the Revolution and the revolutionary spirit; this wrong analysis has misled it [the enemy] in the course of these years.”

The US’s enmity towards the Iranian nation is not merely due to “Death to America” chants, Ayatollah Khamenei said. “They [the Americans] are afraid of Islamic power and the Revolution’s might.”

Ayatollah Khamenei further advised that “both youths and authorities should convey a message of power to the enemy not a message of weakness.”

The enemy, the Leader said, will retreat if it faces national unity, strength and firm determination, and if domestic rifts are set aside.

Source: Press Tv

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EU Announces Plan to Sidestep US Sanctions on Iran

EU's foreign affairs head Federica Mogherini

European Union announced plans for a legal framework to preserve business with Tehran and evade new US sanctions.

After talks Monday with Iranian Foreign Minister Mohammad Javad Zarif, EU foreign policy chief Federica Mogherini said the Europeans would set up a “legal entity” for businesses to transfer money without coming under Washington’s scanner.

Mogherini’s announcement came after a meeting with foreign ministers from Britain, France, Germany, Russia, China, and Iran on the sidelines of the United Nations General Assembly in New York.

“In practical terms this will mean that EU member states will set up a legal entity to facilitate legitimate financial transactions with Iran and this will allow European companies to continue to trade with Iran in accordance with European Union law and could be open to other partners in the world,” she told reporters after the closed-door meeting.

The EU, along with Russia and China, said in a joint statement that the so-called “Special Purpose Vehicle” will “assist and reassure economic operators pursuing legitimate business with Iran”.

The statement added that the six countries signatory to the 2015 nuclear agreement “reconfirmed their commitment to its full and effective implementation in good faith and in a constructive atmosphere”.

Source: Agencies

Ahvaz terror attack extension of anti-Iran plots by US puppets in region: Leader

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the terrorist attack in the southwestern Iranian city of Ahvaz was the continuation of plots hatched by US stooges in the region to create insecurity in the country, adding that Iran’s intelligence services must swiftly find the accomplices of the “criminals” behind the attack and put them on trial.

In a message on Saturday, Ayatollah Khamenei expressed his condolences over the terrorist attack on a military parade in Ahvaz earlier in the day which killed at least 25 people and injured more than 60 others.

The Leader said the “tragic and sorrowful” incident in Ahvaz and the killing of people by mercenary terrorists once again exposed the cruelty of the enemies of the Iranian nation.

These savage mercenaries who open fire on innocent civilians, including women and children, are linked with the same liars who claim to advocate human rights, Ayatollah Khamenei added.

The Leader emphasized that the perpetrators and their cohorts could not tolerate the display of national strength in the Iranian Armed Forces.

“Their crime is the continuation of plots [hatched] by the US-led governments in the region who aim to create insecurity in our dear country,” the Leader stated.

Ayatollah Khamenei emphasized that the Iranian nation would continue down their honorable path and would “overcome all hostilities like in the past.”

Ahvaz terror attack, malicious move: Velayati

A senior adviser to the Leader also said that the “terrorist and brutal” attack in Ahvaz and the killing of defenseless Iranian people were another show of a “blind and vile measure” by criminals who have targeted Iran’s power.

Ali Akbar Velayati, the Leader’s adviser on international affairs, added that resistance of the Iranian nation and the Islamic establishment in the face of terrorist groups and extremist and Takfiri movements has led to the failure of all plots backed by the US, the Israeli regime and some of their reactionary allies in the region.

He emphasized that the Islamic Republic would give a strong response to the attack.

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Iran demands israel (apartheid state) be forced to join NPT

Iran demands Israel be forced to join NPT


SPUTNIK – Iran’s permanent representative to the International Atomic Energy Agency (IAEA) issued a biting response to his Israeli counterpart’s claim that Iran and Syria posed “significant proliferation threats” to the Middle East and the world.

Iranian IAEA Ambassador Kazem Gharibabadi urged the international community to pressure Israel to sign onto Nuclear Non-Proliferation Treaty (NPT), saying that doing so would be the only way to bring peace to the Middle East.

Speaking at the 62nd Annual Session of the ongoing IAEA General Conference in Vienna, Gharibabadi charged Israel with threatening its neighbors, pointed to its possession of nuclear weapons, and chastised the IAEA for giving in to Israeli pressure and not following up on what he said were the country’s “dangerous” nuclear activities.

According to the ambassador, little progress has been made on nuclear disarmament, one of the NPT’s major stated objectives, in the fifty years since the treaty was signed. Gharibabadi also pointed to the Middle East Nuclear Weapon Freeze Zone idea, a UN project dating back to 1970s aimed at prohibiting nuclear weapons in the region, and how this proposal too has suffered from a “lack of political will.”

Gharibabadi’s remarks came on the heels of comments at the conference by Israel Atomic Energy Commission chairman Ze’ev Snir, who also called on the international community to take action against alleged Iranian and Syrian nuclear activities. The two countries, he said, “pose significant proliferation threats to the region and the world.”

Snir warned about an “outrageous threat” by Iran [to] attack Israeli nuclear sites, and called Tehran a threat to “regional peace and security.” The Israeli ambassador called on the IAEA to conduct a thorough verification of Iran’s activities, saying the country’s nuclear weapons ambitions were “a documented fact.”

Israel, which has a policy of neither admitting or denying the existence of a nuclear weapons program, is presently believed to be the only country in the Middle East to possess nuclear weapons, with estimates that it has anywhere between 80 and 400 warheads deliverable by a variety of air, sub and missile platforms.

Iran, an NPT signatory under observance by the IAEA over compliance with the Joint Comprehensive Plan of Action (JCPOA) nuclear deal, is barred from the creation of nuclear weapons. The fate of the 2015 deal, which was signed by the Iran, the United States, Russia, China, and several European countries, was put into question after Washington withdrew from the deal in May 2018 and vowed to impose unilateral sanctions against the Islamic Republic.

Last month, during a visit to an Israeli nuclear facility, Israeli Prime Minister BenjaminNetanyahu made what has been widely interpreted to have been a veiled warning about Israel’s nuclear capabilities and their possible use if the country was ever attacked. Iranian Foreign Minister called the remarks hypocritical and “beyond shameless.”

Signed in 1968 and stepping into force in 1970, the Nuclear Non-Proliferation Treaty is tasked with preventing the spread of nuclear weapons and furthering the goal of eventual global nuclear disarmament. Under the treaty, Russia, the United States, the United Kingdom, France and China are recognized as nuclear weapons states. Non-signatories include Israel, India, Pakistan and South Sudan. North Korea withdrew from the NPT in 2003.


Iran, Russia can cooperate to contain US: Ayatollah Khamenei

PressTV-Iran, Russia can cooperate to contain US: Leader

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the developments in Syria and the US defeat in the Arab country show that Washington can be contained.

The Leader made the remarks in a Friday meeting with Russian President Vladimir Putin, who traveled to Tehran to participate in a key trilateral summit on Syria, hosted by Iranian President Hassan Rouhani and also attended by Turkish leader Recep Tayyip Erdogan.

Iranian First Vice President Es’haq Jahangiri (L) is also present at a meeting between Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei (R) and Russian President Vladimir Putin in Tehran on September 7, 2018. (Photo by

“Cooperation between Iran and Russia on the Syrian issue is a prominent example and a very good experience of bilateral cooperation,” the Leader said.

Ayatollah Khamenei added that the two countries can expand cooperation on global issues, saying, “One of the cases that the two sides can cooperate with each other is to contain the US, because it is a danger to humanity and it is possible to contain it.”

The Leader stated that the Americans suffered a real defeat in Syria and failed to achieve their goals.

Ayatollah Khamenei also said sanctions imposed by the US on Iran, Russia and Turkey are a very strong common ground for strengthening cooperation, and urged Tehran and Moscow to develop political and economic relations and follow up on the agreements of the summit in Tehran.

The Leader stressed the importance of pursuing non-dollar transactions in trade.

Europeans did not fulfill JCPOA commitments: Ayatollah Khamenei

Elsewhere in his remarks, Ayatollah Khamenei said Iran has so far remained committed to a multilateral nuclear agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA), reached between Iran and the P5+1 group of countries in 2015.

“But the Europeans did not carry out their duties, and it is not acceptable that we completely fulfill our commitments within the JCPOA while they don’t,” the Leader pointed out.

The Leader praised the Russian president’s approach to the nuclear deal, adding that the Islamic Republic would adopt a stance on the JCPOA which would meet its national interests.

Although the US now raises Iran’s missile program and regional developments, their problem with the Islamic Republic relates to issues beyond them, Ayatollah Khamenei said.

The Leader added that the US has been seeking to topple the Islamic Republic over the past 40 years, but Iran has managed to make substantial advancements during this period.

“The resistance of the Islamic Republic and its advances are another successful example that the US can be contained,” Ayatollah Khamenei said.

The Leader also pointed to the deplorable situation of the Yemeni people and their killing at the hands of Saudi Arabia, adding, “The Saudis will definitely fail to achieve a result in Yemen and will not be able to bring the resilient Yemeni people to their knees.”

During the meeting, which was also attended by Iranian First Vice President Es’haq Jahangiri, the Russian president said he held very fruitful and good negotiations with President Rouhani on mutual issues of interest, including the situation in Syria.

Iran and Russia discussed the expansion of relations in all fields, particularly in the economic and trade sectors, Putin added.

He said the US is putting obstacles, including banking restrictions, in the way of the development of Tehran-Moscow relations, and added that Washington is making a strategic mistake by limiting financial transactions.

The Russian president expressed regret that the remaining sides to the JCPOA failed to fulfill their commitments under the deal after the US withdrawal.

He said although the Europeans announce that they are seeking ways to keep the nuclear accord alive, they are following the US due to their dependence on Washington.

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Turning Sanctions to Iran’s Own Advantage: Opportunity vs. Crisis

Nour Rida

When the US began a series of sanctions against the Islamic Republic of Iran in the 1980s, Iran replied with a multiple track strategy, turning sanctions to the country’s own advantage by strengthening its indigenous production capabilities and its sovereignty. Today, and after a few months from Trump’s tearing up the nuclear deal, Iran’s currency sees a sharp decline in value and suffers economic woes. Iran is not the only country to suffer from US sanctions, however, the most vicious and longest of US economic wars has been against Iran; a nation which has been under US pressure for decades for not complying with America’s dictates. Today, according to some analysts, Iran can turn the sanctions and US economic war into an opportunity to stand in a stronger position and try its best to carry out reforms in the country.

Meanwhile, the US with a national debt of $21 trillion (which has been growing at a rate of a trillion dollars per year) has been targeting nations over the years, including China, Russia, Iran, Venezuela, Pakistan, Turkey, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea as well as others. With such aggressive foreign policies, the US, according to some analysts, seems to bring a sooner than expected end to the dollar hegemony with its unwavering commitment to remain as a supreme power. With new emerging powers, mainly China and Russia, the US might create a dollarless market in the future that is out of its reach.

Iran political winner in n-deal

Iran recently plunged into harsh economic woes, especially after Trump’s harebrained attitude towards Iran and the nuclear deal. However, such an economic incline cannot be attributed only to the US ending of the deal and the new sanctions, but rather because of other reasons that combined altogether leading to this situation.

According to Political economist Dr. Elaheh Nourigholamizadeh, the US’s withdrawal from the deal is nothing but a continuation of the same previous US regime’s sanctions and aggressive policies towards Iran. The analyst said their effects on Iran’s economy are pretty negative. However, she explained that

“economically speaking, although the JCPOA was a step for protecting Iran’s economy against sanctions, the deal, from the beginning has not defined a clear strategy or certain policies for countering the negative effects of US sanctions imposed on the Islamic Republic of Iran or for bringing prosperity to the country.”

Accordingly, Nourigholamzadeh told al-Ahed news that even before the temporary relief of the nuclear sanctions, many countries were still skeptical about investing in Iran or signing economic agreements with the country.

“For example, as we see in the airlines sector as well as the banking and financial sectors, these all remained under sanctions. In many cases, these sanctions in the banking and financial sectors even increased. From the beginning, the JCPOA was more of a political, legal and technical deal rather than an economic one.”

So the deal was not meant to bring about real change on the economic level. However, the analyst pointed out that

“politically speaking, we cannot say that Iran did not have any gains from the deal. The Western viewpoint on Iran as an allegedly nuclear threat and their rhetoric on the matter has changed. Iran being allegedly a threat to world order is also not part of their narrative anymore.”

Nourigholamzadeh underscored that

“Nowadays, the West talks about Iran’s compliance of the terms and conditions of the nuclear deal and the IAEA on the one hand, and about the US’s unilateral and unethical position on a deal which is internationally respected.”

The deal has also shown the US’s inconsistency and deception on the international arena, she reminded.

“It must be considered that from the beginning, the US’s behavior has shown that the JCPOA is not supposed to resolve Iran’s economic problems and its withdrawal from the deal reveals the untrustworthy nature of the US and its hostility against the Iranian nation,” the scholar pointed out.

Many European officials see the Trump administration’s foreign policy as a dangerous “mix of unilateralism and isolationism” that he combined into “unisolationism.”

Measures for a better economy

To talk about the measures that Iran could take to manage its actual situation, the economist said these measures can be divided into two aspects, domestic and international.

“Domestically speaking, Iran must pay more attention to its economic affairs. It should be focused on improving and reforming the economic management of the country, strengthening its economic infrastructure and supporting its national producers, especially in sectors such as agriculture and manufacturing.”

According to the expert on economic affairs, the country has to provide opportunities for the proper use of its human assets, who are mainly educated, talented and skilled. Importantly they could encourage the economic activities of the country.

“Internationally speaking, I think that Iran should not let the unfair regime of sanctions hurt its international position and its bilateral or multilateral relations with other countries of the world, because Iran believes in an economically interdependent world and that countries need each other in order to satisfy their economic needs,” Nourigholamzadeh further explained.

“Therefore; I think that Iran should increase its economic relations with new emerging economies such as Russia and China. It also needs to improve its relation with regional economic partners such as Turkey, Qatar and India. I also think that Iran should pay more attention to the point that it needs to decrease its economic dependency on oil and the result of this kind of thinking is focusing more on non-oil exports and diversification as well as adopting policies that could help Iran’s economy such as having other ways than oil to increase its internationally presence in economic sectors,” the economist told al-Ahed news, pointing out that these measures in fact are in line with the resistance economic policies that Imam Khamenei had introduced.

Iran deserves to be independent

Commenting on the leader of the Islamic Republic Imam Ali Khamenei’s clear message when he said that Iran will not go to war with the US and will not sit for talks either, the analyst said

“Iran has nothing to do with an untrustworthy power like the US. As long as it tries to dictate Iran and denies the inalienable rights of its people in terms of growing their economy in a way they deserve, the message is clear; the US should not interfere in the domestic affairs of the Islamic Republic of Iran.”

She assured that “historically speaking, Iran has not initiated any war against any other country in the world and has respected the sovereignty of all nations of the world. Iran has been going on with these anti-war policies so it does not intend to do so. Iran will also not sit for talks with a country that has become famous for deceit and untrustworthiness.”

Harmonizing economic behavior, internal economic policies

Furthermore, Dr. Nourigholamzadeh told al-Ahed news that despite the fact that the sanctions and outside pressure does have an effect on the situation in Iran, however she underscored that currency devaluation is not a new problem in Iran that could be attributed to new economic phenomena or new economic reasons.

“I think this is not the perfect place for economic theories, however, I think that impossible trinity or unholy trinity, which means it is impossible for a country to have free exchange rate, free capital flow and sovereign monetary policy at the same time is a concept we should keep in mind.”

To explain it in simple terms, Dr. Elaheh said that when the economy is free, the main reason for currency fluctuation is the difference between domestic interest rate and foreign interest rate; this means that when the people of a country try to maintain their economic power purchase (the international power purchase), they assess the difference between domestic interest rate and foreign interest rate and prefer to buy assets that are more profitable to them.

“Indeed, in case of the Islamic Republic of Iran, Iranians prefer to buy foreign assets because they find it more profitable. Also, unfortunately in the country the principle of foreign asset available to the people is fine money, in this case dollars and euros. So, Iranians see the currency fluctuations a chance to buy dollars or euros in order to maintain their international power purchase, which in turn increases currency devaluation.”

Touching on the economic situation and currency devaluation, the economist clarified that despite the US unfair sanctions, there are many different economic reasons to the problem.

Nevertheless, she pointed out that

“the main answer to why is the economy in such shape would be that there are many factors such as sanctions in first place, people economic mal behavior and economic mismanagement of the country which is mainly dependent on oil combined together to create Iran’s actual economic situation.”

The best solution, she concluded,

“is not to rely solely on one factor (by that meaning oil), it is rather better to find a way to harmonize people’s economic behavior with internal economic policies, or finding a way to manage the negative economic effects imposed by sanctions. By that, she assured that internal policies on economics should be reformed, which has already began to see light in Iran.

Iran’s parliament has voted to remove Minister of Economic Affairs and Finance Masoud Karbasian from office. A total of 137 MPs voted for Karbasian’s removal while 121 voted in favor of him remaining in office. He followed Ali Rabiei, Iran’s former minister of labor and social welfare, who was voted out by the parliament early August. MPs sought impeachment for the minister over a range of issues that included the inability to manage the country’s economic affairs, failure to implement policies for bolstering resistance economy, lack of proper supervision of financial transactions and the inability to promote economic transparency.

Dollar decline inevitable

Finally, touching on the end of a dollar era, the analyst said that despite the fact that some systematic issues slow down this declining process (since almost 65 per cent of world monetary reserves held in central banking systems are in dollars and almost 40 per cent of world debt is issued in dollars), however the decline of the dollar and its market is inevitable in the future.

“First of all, the dollar is in competition with Euro and Yuan in international markets, and there are increasing cross-border and financial activities of new emerging powers like China and Russia.”

“Second of all, the end of dollar domination is an enduring process, when talking about the end of dollar domination, we talk about alternatives such as precious metals and natural resources since these are considered as national wealth. But there are details that need to be discussed in terms of these factors. For example, although the US has a significant gold reserves, however we do not live anymore in the cold war era, which means there is no communist trade anymore and actually many countries such as Germany are repatriating their gold reserves and this shows there is an economic shift in the world system,” she explained.

“Now when we talk about oil and gas, Iran and Venezuela are the main suppliers of oil but they have sanctions imposed on them by the US. When we talk about natural gas, it is Russia that is the main supplier of natural gas and its main market is the EU, but the US intends to bring EU in support to its sanctions against Russia which in turn affects Russian gas export to the EU,” Dr. Nouri elaborated.

She highlighted that these systematic factors of US hegemonic attitude serve as a hindrance to the end of dollar domination. However, its attitude ironically also serves to isolate it on the international level and this might help in the acceleration of the dollar declination.  So the dollar dominant position is declining, but the present systematic obstacles slow the process down.

Dr. Elaheh finally concluded that

“the arrogant attitude of the US has also contributed in making major world players wary of the future with a US having hands in every state actor across the globe, and emerging economies such as China and Russia are trying their best to provide an alternative to the dollar in global banking and financial market.”

Source: News Agencies, Edited by website team

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