Iran..

Quote: SOOPOO

I didn’t realize HOW bad the Iranian economy was! The USA, over the past 12 months, has experienced 3.5% inflation. Iran has experienced 89% inflation! With food topping 100%! If you are a generally well to do Iranian you saw half of your net worth go pffft.

ROTFL
This is why gold, foreign currency and foreign investments is so popular
The rich remain rich
No doubt rich Iranians may own the same stocks you own

Quote: terapined1

ROTFL
This is why gold, foreign currency and foreign investments is so popular
The rich remain rich
No doubt rich Iranians may own the same stocks you own

There will be a few wealthy Iranians, but far FAR more in abject poverty.
"Iran has a median wealth of $17,341 per adult (UBS data for the 2023 publication, using end-2022 data).


The United States has a median wealth of $112,000 per person (from UBS Global Wealth Report 2024)."


Their currency is pretty well worthless, so no doubt a bit of foreign currency is desirable, but the man in the street has nothing to buy foreign currency with.

Gotta wonder what those Persians really have left: they used to be doing quite well.

During the latter stages of the disco era it seemed that Portland was over run with rich Iranian students attending Portland State University, most of the men driving Pontiac Firebirds with the screaming firebird on the hood.

Very arrogant bunch of pricks.

U.S. Marines are now boarding enemy ships in the gulf. Sure, not boots on the ground yet, but it is certainly an increase in escalation.