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16.01.26 - 03:57
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Inflation And Revolution (ZeroHedge)
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Inflation And Revolution
Authored by Jeffrey Tucker via The Epoch Times,
The revolutionary fervor in Iran today has deep political roots and invites every theory concerning outside influences that have a deep stake in the kind of regime that rules this country. But amidst all the speculation about what's really happening here, there is an overwhelming factor rarely mentioned.
Iran has experienced the sort of inflation that brings down whole governments. This is why so many among the merchant class have joined the revolutionary movements.
For many years, the regime had pursued an inflationary monetary policy that devastated the value of the currency, the rial. Over a 10-year period, worsening in the last two years, the currency has experienced 3,500 percent inflation. Crucial in this country's financial structures is the value of the currency on international exchanges. It is now one of the worst, making business nearly impossible and banking highly volatile.
The tipping point has been identi...
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15.01.26 - 16:18
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Slovakia Inflation Rises To 3.8% (AFX)
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BRATISLAVA (dpa-AFX) - Slovakia's consumer price inflation accelerated slightly at the end of the year, figures from the Statistical Office of the Slovak Republic showed on Thursday.Consumer price......
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15.01.26 - 15:48
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Spain Inflation Unrevised At 4-Month Low (AFX)
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MADRID (dpa-AFX) - Spain's consumer price inflation moderated as initially estimated in December to the lowest level in four months, the latest data from the statistical office INE revealed on Thu......
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