President Trump’s New Iran and Turkey Policy is Working |
US Sanctions – Iran’s Economy in Free Fall 7/31/18, Iran is on its way to hyper inflation with its currency, the rial, worth next to nothing. The collapse comes as Washington considers a new round of sanctions. While DC is not officially talking regime change in Tehran, it certainly is in the backs of minds on the Hill. |
7-30-18, The Iranian rial plunged to 112,000 for each US dollar Sunday on unofficial markets, a further decline from 97,500 rials.
8-14-18, Although the writing was on the wall for months, the Turkish economy hit the rocks last week. Plagued by a chronic current account deficits. Fears over Turkey’s financial position sent its currency spiraling to a fresh record low, hitting 7.2 lira to the US dollar. The lira has now lost a third of its value, as the crisis has escalated alarmingly. Turkish President Recep Tayyip Erdogan asked citizens to convert their dollars and other foreign currencies as well as gold holdings to lira.
The ruble, Russia's national currency, is tumbling, to lows that may impact Russia hard for the foreseeable future.
Trump administration imposes more sanctions on Russia
The Trump administration under a chemical and biological warfare law following the poisoning of a former Russian agent and his daughter in the UK earlier this year, the State Dept announced more sanctions on Russia. Ban on licenses to export sensitive national security goods to Russia: electronic devices and components, along with test and calibration equipment for avionics. Possible suspension of the state airline Aeroflot's ability to fly to the United States and cutting off nearly all exports and imports.
Russian Ruble Drops in Value vs USD: Cause Sanctions
8-14-18, The U.S. dollar has risen nearly 2% since Aug 9, 2018. Since April 17, 2018 when this move started, the dollar has surged over 8%, based on the WSJ Dollar Index, which tracks the dollar against the currencies of 16 key trading partners, including Mexico and China. From its low on February 16, 2018 the dollar has now risen 9.3% to the highest level since May 10, 2017.
Index
All
America Babylon
Angels
Animals
Apostles Martyrdom
CHRISTMAS
Comics
Easter
English Bible
Headlines
Health
Hymns
Islam Terror
Israel
Myths
New Jerusalem
Persecution
Scripture
US Politics
World






Solomon 2:10-13




Jeremiah 4
Archives
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
Disclaimer: No violation of Copyright Law intended for any images or work presented - with no financial gain.
17 U.S. Code § 107
Law for "Fair Use"