Saturday, September 08, 2007

Khomeini's Economic Model: "Donkey-Side Economics"

Bazteb News
is reporting on the consequence of following the Economic model of vampiric Khomeini,"Economics is for Donkeys". The estimates are much higher because the regime often reports false statistics to cover up for the regime's miserable failure in managing the economy.

The mullahs are worse at running a modern economy than even the old command economies of the defunct Soviet bloc were: (petro-Euro/Yen junkies creating a nation of welfare junkies)

A report shows the annual inflation rate in Iran's urban areas increased to 15.4 percent in the fifth month of the current Iranian year.

The Central Bank of Iran (CBI) announced in a report that the inflation rate in Mordad (July 23-August 22) rose by 0.6 percent compared to its previous month and 17.3 percent in comparison to the corresponding month last year.

According to the report, Iran's inflation rate had increased by 15.4 percent in the 12 months before Mordad, when compared with the corresponding period in the year previous to that.

The inflation rate had been at 12.8, 13.6, 14.3 and 14.8 percent in the first four months of Iran's current calendar year respectively.

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