Iran celebrates global meltdown

Iran is the only country celebrating the financial crisis and the “collapse of global capitalism”. Iran has not yet been affected by the crisis and they see the global meltdown as a “punishment” of God. Not yet, because the dependency of Iran on oil exports and the prospect of a fall in the oil price may hurt there economy which is already at a 25% inflation rate.

Iran may celebrate, for a while, but eventually capitalism will hit them where it hurts.

Geoffrey Van de Voorde

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