https://joehoft.com/up-in-smoke-irans-currency-totally-collapses/
UP IN SMOKE – Iran’s Currency Totally Collapses
January 13, 2026 by Joe Hoft
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The crisis for the Islamic Iranian regime just got worse as the country’s currency totally collapsed. It’s virtually worthless.
The International Business Times reports on Iran’s currency crash:
The Iranian rial has effectively collapsed, plummeting to an unprecedented low of more than 1.47 million per US dollar on unofficial markets this week. The currency crash has triggered a wave of nationwide ‘revolutionary’ protests, as the cost of basic survival spirals out of reach for millions of Iranians.
On Monday, 12 January 2026, the dollar was quoted as high as 1.47 million rials in the ‘free market’ of Tehran, marking a catastrophic decline from 2025 levels. For comparison, the rial traded at roughly 70 to the dollar during the 1979 revolution; it has now lost approximately 20,000 times its value over four decades, according to The Economic Times.
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The Dead Old White Guys were very right when they said that money should only be gold or silver. Their wisdom is on display for anyone that cares to see.
It the Iranian rial was a gold coin, then it would be very hard to start a panic.
I believe that one of the reasons that Gaddafi was deposed from Liberia was that he wanted to be paid for his oil in gold. The first time I heard about a golden dinar was when he was agitating against the Petro dollar. His mistake was making it public.
I hope everyone has a few silver eagles stashed away for the “hard times” when they come. And they will come because paper money always returns to its intrinsic value — zero! “Paper money eventually returns to its intrinsic value – zero.” — Voltaire
William Rusher, the editor of the conservative National Review, quoted economist Milton Friedman as saying that “if the government were to take over the Sahara Desert, there would be a shortage of sand in five years.”
“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” — Daniel Webster
“But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” — George Washington
“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” — Thomas Jefferson
“Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension.” — Llewellyn Rockwell
“He chose poorly.” A mammoth understatement by the Grail Knight in Indiana Jones and the Last Crusade (1989) http://www.imdb.com/title/tt0097576/quotes
What form of money do you choose to save in?
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Posted by reinkefj 
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