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Iran melting down | 54 comments (54 topical, editorial, 0 hidden)
Re: Iran melting down (none / 0)
The Bancor is not about liquidity, it is about balance of trade.

As long as the Iranian foreign balance is sound, the government can watch people go "ooh, shiny" about gold with relative impunity. The Iranian state has no commitment tied to gold.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Dec 30th, 2011 at 08:48:46 AM EST
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Iran melting down | 54 comments (54 topical, 0 editorial, 0 hidden)
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