Global money woes hit, with inflation at 19%
Editor's Note: The following report is excerpted from Joseph Farah's G2
Bulletin, the premium online newsletter published by the founder of
WND. Subscriptions are $99 a year or, for monthly trials, just $9.95
per month for credit card users, and provide instant access for the
complete reports.
Iranian President Mahmoud Ahmadinejad
LONDON – Financial analysts for British intelligence agencies have
produced a graphic view of how the global financial crisis is affecting
the Iranian economy, with inflation rampaging at 19 percent and fuel
for cars on a ration-only basis, according to Joseph Farah's G2
Bulletin.
The assessment comes just as President Mahmoud Ahmadinejad secures his
hold on the country after this week's elections, which saw hard-liners
overwhelmingly returned to power.
The elections affirmed the Islamic Republic's continuation through a
combination of brutal suppression and a highly effective security
system controlled by the Revolutionary Guards.
But behind that, there are growing signs the financial crisis that has
rocked Wall Street and world stock markets has begun to bite ever
deeper into the Iranian economy.
A country which is awash with oil – Iran produces 4.3 million barrels a
day and possesses the world's second largest reserve of oil – cannot
provide sufficient quantities of refined material to meet the needs of
its 65 million people.
An MI6 report states: "The reason for this state of affairs is clear.
The regime's insistence on diverting an increasing amount of energy and
resources in pursuit of the holy grail of nuclear enrichment and the
subsequent UN economic sanctions that policy has attracted. It means
the ayatollahs are unable to maintain the oil-refining facilities for
domestic purposes."
MI6 analysts – working with information which in part came from
anti-regime sources in Iran – show the country's economic inflation is
now at 19 percent and the regime has failed to meet any of its growth
targets.
The result is that there is rationing of 100 liters a month of gasoline
for each household -- the equivalent of two full tanks for the average
family car.
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Gas being rationed in Iran
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