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Iran Hangs Gold Coin ‘Sultan’ in Crackdown After U.S. Sanctions

ZZZZZ

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#1
Don't hoard gold in Iran!

Iran Hangs Gold Coin ‘Sultan’ in Crackdown After U.S. Sanctions
By
Ladane Nasseri
November 13, 2018, 10:34 PM MST Updated on November 14, 2018, 4:32 AM MST

Iran executed a gold dealer known as the “Sultan of Coins,” in a warning to merchants not to exploit the country’s financial troubles as U.S. sanctions squeeze the economy.

Vahid Mazloumin was sentenced to death in October after being accused by Iranian authorities of contributing to price hikes by hoarding gold. His assistant, Mohammad Esmail Qassemi, was also hanged early Wednesday, state-run Iranian Students News Agency said.

The very specter of sanctions, even before they were resumed in August, plunged the Iranian currency market into turmoil and sent the rial plummeting about 70 percent against the dollar, fueling a surge in prices and encouraging illegal trading.

Mazloumin didn’t hold a permit to trade gold and foreign currency, yet had formed the largest illegal network in that area, according to state-run Fars news agency. He instructed his team to corner the gold coin market to resell at higher prices, amassing about 2 tons of them, local media said.

Authorities have vowed the nation will weather the bruising U.S. measures against Iran’s energy, banking, automotive and gold sectors, without elaborating how. In an effort to restore calm and project a sense of order, they’ve repeatedly threatened to take harsh measures against anyone “disrupting the economy” while promising to provide assistance to the poor.

On Tuesday, Tehran police said security forces had arrested about 130 illegal currency traders in recent days.

To lessen the pain of rising prices, President Hassan Rouhani’s government is providing benefits for the neediest to help pay for food packages that include meat, cooking oil and dairy. Parviz Fatah, who heads the state-controlled Imam Khomeini Relief Foundation, said the program will initially reach 2.7 million Iranians after its launch on Tuesday.

Supreme Leader Ayatollah Ali Khamenei said in a speech on Wednesday that Iran “can solve its economic problems by correctly using its domestic resources.”

https://www.bloomberg.com/news/arti...s-hit-iran-executes-gold-currency-speculators.
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Fatrat

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#3
Cool, Iran hangs traitors fast, an excellent idea.
 

GOLDBRIX

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Well, Those two will NEVER do it again !
Since the US Dems love Radical Muslim Gov. so much I wonder if we could bring that practice over here and use it on them ?
I've already got a list in my mind of the first Test Cases. :jail: :hang: :hang: :hang: :hang: :hang: :hang:........
 

Fatrat

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#5
Well, Those two will NEVER do it again !
Since the US Dems love Radical Muslim Gov. so much I wonder if we could bring that practice over here and use it on them ?
I've already got a list in my mind of the first Test Cases. :jail: :hang: :hang: :hang: :hang: :hang: :hang:........
Now all we got to do is agree on traitors, I say start by hanging all supporters of Israel...rethug and demonrat.
 

GOLDBRIX

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#6
Now all we got to do is agree on traitors, I say start by hanging all supporters of Israel...rethug and demonrat.
Naw, Hitlary, all Washington D.C. DEM. Politicians, and that Wack-Job gringott is enamored with would be a good start. Jus' Sayin'
 

Fatrat

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Naw, Hitlary, all Washington D.C. DEM. Politicians, and that Wack-Job gringott is enamored with would be a good start. Jus' Sayin'
Then the job you are doing is half assed, I know its work but get ALL the Isreali worshippers...
 

oldgaranddad

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It smells more like the government wanted to confiscate 2 tons of gold coins without compensation. Very socialist of them. Coming to a blue state near you very soon.
I thought the same thing, otherwise the guy got caught not giving the government their share of the gold he was smuggling in with a wink, wink, nod, nod from that very same government.
 

hoarder

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#12
Does Iran have a fiat monetary system?
 

oldgaranddad

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#13
Does Iran have a fiat monetary system?
It does but I think a counterfeit US $20 has more value than the Iranian Rial.
 

hoarder

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#14
It does but I think a counterfeit US $20 has more value than the Iranian Rial.
Who gets to keep the interest, bankers or government? I don't see how hoarding metal is treason.
 

Joe King

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#15
I don't see how hoarding metal is treason.
In Iran it obviously is. The guy was trying to do what he believed to be in his own best interests. It's obvious that the gov didn't want him doing that. They need the people doing what is in the best interest of government. Same thing happened here in'33 when fdr confiscated all the gold before raising its price. Ie: the gov didn't want the people to be able to do what was in their own best interests. Only dif is that here one only got 10 years hard labor for it instead of being killed for it.
....but you're correct in that hoarding metal cannot be a crime in a truly free nation.
 

GOLDBRIX

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#16
They need the people doing what is in the best interest of government.
The best interests of a RADICAL Theocracy government. "ALLAH AKBAR"
 

Strawboss

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#17
It smells more like the government wanted to confiscate 2 tons of gold coins without compensation. Very socialist of them. Coming to a blue state near you very soon.
My thoughts exactly. They needed hard money to pay off the people protecting their asses - so they went and took it...and to make sure there would be no retribution - they eliminated them.

This is evidence that they are hurting more than they are letting on - and that the sanctions are in fact working.
 

GOLDBRIX

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#18
Evidently IRAN has some stiff penalties for not "being licensed".
 

Fatrat

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#20
In any case, betraying your government in times of war is treason, and they were hung because of that. Trumps first two victims of the sanctions...
 

hoarder

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#21
In Iran it obviously is. The guy was trying to do what he believed to be in his own best interests. It's obvious that the gov didn't want him doing that. They need the people doing what is in the best interest of government. Same thing happened here in'33 when fdr confiscated all the gold before raising its price. Ie: the gov didn't want the people to be able to do what was in their own best interests. Only dif is that here one only got 10 years hard labor for it instead of being killed for it.
....but you're correct in that hoarding metal cannot be a crime in a truly free nation.
In almost all countries, the ruling/banking class regards gold hoarders as criminals. I was just trying to put it into perspective. Who is the real traitor? The hoarder or the bankster?
 

hoarder

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#22
In any case, betraying your government in times of war is treason, and they were hung because of that. Trumps first two victims of the sanctions...
Most wars are started by traitors. All wars are bankers wars. They finance both sides and their media instigates it. Opposing them is not treason, IMO.
 

the_shootist

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#23
Most wars are started by traitors. All wars are bankers wars. They finance both sides and their media instigates it. Opposing them is not treason, IMO.
Well said!
 

andial

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#24
Let’s remember folks in the infamous Iran/Contra scandal Israel was the main character who actually got those arms into Iran to help that government in it’s war with the country we were officially supporting Iraq. Or it could have been fake news.