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Iran Issues 10 Million Rial Banknote Amid Soaring Inflation
Iran Issues 10 Million Rial Banknote Amid Soaring Inflation
As the Iran war rages, Tehran has rolled out a new 10 million rial banknote, its highest-ever denomination, as authorities seek to "manage" soaring inflation and meet demand for hard cash... but mostly to "manage" soaring inflation, similar to how Venezuela would add a new 0 to its currency every week in the late days of the Maduro ergime before everyone simply gave up.
Banks, which have been targeted on at least one occasion by Western strikes, began distributing the new note...
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Mar 13, 2026 / Tyler Durden
In Scramble To Open Up Hormuz, France & Italy Open Talks With Iran After India's Request
In Scramble To Open Up Hormuz, France & Italy Open Talks With Iran After India's Request
Amid very confused and mixed messaging coming from Washington over the status and future fate of Hormuz oil transit, the EU is trying its hand at a solution.
France and Italy have opened 'tentative' talks with Iran seeking to negotiate a deal to guarantee safe passage for their tankers through vital strait which remains a crucial chokepoint for stalled global crude transit, the Financial Times reports Friday, citing people briefed on the efforts.
This comes as...
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Mar 18, 2026 / Tyler Durden
Did US Intel Agencies Hide Chinese Interference In 2020 Election From 'Vulgarian' Trump?
Did US Intel Agencies Hide Chinese Interference In 2020 Election From 'Vulgarian' Trump?
Authored by Bryan Hyde via American Greatness,
Questions over the integrity of the 2020 election continue to linger after the revelation that analysts inside the U.S. intelligence community sought to conceal evidence of Chinese interference from then-President Donald Trump.
Never before reported upon comments found in a January 2021 report written by analytic ombudsman Barry Zulauf show that intelligence analysts downplayed evidence of China’s meddling because of their disdain for Trump and a desire to undermine policies toward China that they...
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Feb 24, 2026 / Tyler Durden
Despite Crazy Revisions, Consumer Confidence Rebounds From January's Doom
Despite Crazy Revisions, Consumer Confidence Rebounds From January's Doom
After Boomers and Gen X dragged The Conference Board Confidence measure down to eight month lows to end 2025, expectations were for a rebound to start 2026.
Instead, January was a bloodbath with all the cohorts tumbling. Today sees February's data released with expectations for a rebound, particularly in expectations... and the consensus was right.
The headline Consumer Confidence print rose from 84.5 (revised dramatically up to 89.0) to 91.2 (better than the 87.1 expected)
Under the hood it was kind of crazy with the...
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