I’m not worried about electricity, when they introduce the aliens, they will solve all our energy problems. 🤣
Buygold
Well don’t forget to write once in awhile. That if if you have any electricity that is. Paper is hard to come by there, especially toilet paper.
So, maybe it’s time to move to Venezuela?
Get out in front of the crowd, where our gold goes a long way and they are forced to use dollars by the inevitable central bank that we’ll install?
It seems eventually we will colonize them for their oil assets if we still exist in a few years. Might be better living conditions for the average Venezuelan, if they don’t mind being slaves like we are.
I can hear Trump now, “about all that earthquake aid, you know it cost us a lot to send our military down there to help you guys out.”
I’d say moving to Iran is still a bit risky, might be a little early. 🙂
The on/off Iran war is still on I guess, and suddenly Russia is being forced to “escalate to de-escalate.”
What a world.
Ipso 8:14
War or no war no doubt that’s what they would do if they could get away with it. Their ideations is that of a tyrant.
As far as currency it brought a thought. Too bad they can’t value it per state you live in by the inflation in that state.
goldielocks @ 0:56
I’m thinking it’s more like extortion.
Even Venezuela one of the worst in inflation gold went to trillions is doing a little better now
Although they’ve been changing their numbers when it went in the billions. If Iran is cashing in their gold for dollars they better hope they don’t change the currency on them.
This is Venezuelas
- Bolívar Digital (VED / VES): ~2.53 million (The current currency launched in 2021, which cut six zeros from the previous version).
- Bolívar Soberano (IEF / VEF): ~252 billion (The 2018 currency version).
- Bolívar Fuerte (VEF): ~25.3 trillion (The 2008 currency version)
I have experienced 8 earthquakes in S.America
With zero damage .
That includes a 6.8 in Jan. 2024 , with epicenter about 25 miles away .
Concrete is very strong in compression , but weak in tension .
The home I was in has a concrete second floor and a 500 gallon water tank above that.
The rebar reinforced columns support the weight above the concrete first floor ensure maintaining compressive loading continuously , even during the seismic event .
In bending unloaded columns , the momentary outside of the bending column is in tension and cracks form , then a moment later the opposite side becomes tensile . The column fails and the structure collapses . The trick is maintining constant loading from above via gravity .
Wow just wow
Inflation measured by gold in Iran. Truly a example that money isn’t everything. I’m surprised they aren’t leaving.
- Free Market Rials: ~5.62 Billion IRR. This relies on actual trading values in the open market. [1, 2, 3]
- Free Market Tomans: ~562 Million Tomans. In daily life, Iranians drop one zero and talk in Tomans. This is the most practical price structure used inside the country. [1, 2, 3, 4]
- Government Official Rate: ~172 Million IRR. Iran’s heavily subsidized artificial exchange rate is fixed at 42,000 IRR per USD. This rate is rarely accessible to ordinary citizens or businesses. [1, 2]
- Global Gold Price: One troy ounce sits around $4,096.30 USD.
- Open-Market Exchange Rate: The US Dollar trades at roughly 1,647,500 IRR (or 164,750 Tomans) on the open market
Ferrett
Yes I understand your point. It seems to me that Iran wants to bleed our country and those of others in power plays dictating the terms rather than conventional economic peace deals. They in the process are destroying their own economy. The pride comes before the fall. Their games have consequences. They’re prioritizing their ideologies over their people and economy dooming it to suffer for years and years that will only get worse.
goldie, almost certainly they can’t.
https://www.trtworld.com/article/a632f8f6753c
But note the “but” that the Iranians are pointing out. Wartime situations negate the UNCLOS conventions. Like if the UK was at war with Russia, the Channel would be closed to Russian shipping. If Iran insists it is at war with Israel and the US, and Qatar, Kuwait, Oman etc. because they have aided the US and Israel, then they will argue that they have every right to close the strait.
ipso, no, of course not. But who knows what game Iran is playing? Do they want peace, or do they want to keep disrupting world trade even if it’s to their financial detriment? Prophets before profits?
Ipso
Wouldn’t it be considered piracy for Iran or any other country to charge ships passing through the Strait?
ferrett
I think if Iran fires on other country’s ships then it can expect a response. Maybe a new blockade of their oil?
There’s no way we are going to allow an Iranian toll on the shipping.
Maya, yup, practice makes perfect.
“Whack-a-Mole” launch pads. Anywhere, anytime. Can be dismantled quicker than an incoming US missile.
ipso, so now they have to totally obliterate all launch pads again. Will the US now capture/redirect those tankers carrying Iranian crude that it let through?
No sign of the fat lady yet.
and next …
The Hormuz Letter
@HormuzLetter
·
3h
BREAKING: Iran’s IRGC announces it has struck “multiple high value US Army positions in the region” in response to today’s US strikes on Iranian coasts near the Strait of Hormuz, per Tasnim.
The IRGC adds that “according to Clause 5 of the Islamabad MoU, the arrangements for controlling passage and traffic in the Strait of Hormuz are under the authority of the Islamic Republic of Iran,” warning “if the aggression is repeated, our response will be broader than this.”
ferrett @ 18:38
The Iranians are really fast at rebuilding them… 🙂
Isn’t that the seventeenth time that all launch sites have been obliterated?
What is a launch site? These drones can probably be launched from the back of a truck. That’s why they have to keep obliterating them. Another case of three $2,500 drones downed by $10m of interceptors, and one still got through? Looks like the Iranians have got the ratio right, a 1:4 success rate.
A late bid in Gold 4090 trades
The IRGC just lost some more assets…..some strange kind of winning…..4 drones out, 3 shot down 1 partial hit….all launch sites obliterated.
The Hormuz Letter
@HormuzLetter
·
1m
BREAKING: US forces struck Iranian missile and drone storage locations and coastal radar sites today as a response to Iran’s drone attack yesterday on a cargo ship in the Strait of Hormuz, per CENTCOM.
These are the first US strikes since the MOU was signed.
WTI crude creeping up near $70…
jitters about what might happen over the weekend ??
Ipso
Right or the fact that houses were thrown off the foundations. Cement in between brick or brick without say rebar enforced just crumble and bricks fall when the shaking starts. Nails in wood usually in corners by themselves pull apart. I don’t know all that much about building but I know what I saw first hand before they made building changes. Japan high rise buildings have survived 9 after improving construction codes for earthquakes.
from IRGC mouthpiece
The Hormuz Letter
@HormuzLetter
·
13m
BREAKING: The US military is currently conducting strikes in the area of the Strait of Hormuz, per US official.
The Hormuz Letter
@HormuzLetter
·
25m
BREAKING: More than three consecutive explosions heard in the Strait of Hormuz, near Sirik, southern Iran, per IRIB.
This comes shortly after Trump, when asked about potential US response to Iran’s recent attacks on vessels in the Strait, replied “you will find out.”
Big Picture
Graddhy – Commodities TA+Cycles
@graddhybpc
Gold is in a 45-year parabolic slingshot-move.
Posted on the blue breakout in linked post.
Target is $15 000 – $20 000 since many years back, and might raise it further.
Now in a much needed consolidation/pullback, which could last longer than many thinks.
listening to bubblevision
Evidently we are hitting some Iranian targets in retaliation for the attacks on shipping …
goldielocks
I’d hate to live in a high rise where the builder paid scant attention to the foundation!

