Sunday, October 09, 2005

Iran Blindsided By its Own Game. The Center of Terrorist Manufacturing Excellence Stumbles

There has been a new wrinkle in Iran's transparent plan to become radical Islam's Center of Manufacturing Excellence for Terror Tools.

Prime Minister Tony Blair had warned Iran that information linked it to recent bomb attacks on British troops in Iraq. Iran is already known as a major hub for heroin distribution into Europe, and is considered a state sponsor of terrorism by the CIA. Despite its huge petroleum exports, Iran still pretends it wants to develope nuclear capabilities for 'peaceful' purposes. Unless selling nuclear weapons to terrorists falls within the aegis of humanitarian relief, peaceful is a preposterous description for suitcase atomic bombs.

Iran is now surprised to learn an adage from Abraham Lincoln, who said, ... you may fool all of the people some of the time; you can even fool some of the people all of the time; but you can’t fool all of the people all of the time:

Prudent Iranians and other investors are bailing out of Tehran's stock market, shifting to liquid investments like gold as pressures against Iran's nuclear ambitions mount. The stock market dropped to $38.2 billion on Sunday, down from $45 billion when Ahmadinejad won his landslide (voters in Iran can be as young 15 years old). Iran is expected to be called before the U.N. Security Council since it has convinced no one of its nuclear sincerity.

What happens to Iran's economy when more investors lose confidence in its stock market? Investments in productive capacity will falter, unemployment will rise above the current 11%, and the value of its currency will fall -oil will be cheaper for Europe to import, but heroin will become more expensive for Iran to buy and export.

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