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Iran Running Out of Physical Currency, Satellite Broadcasts Dropped in Europe
iONiUM writes "In an interesting problem with physical currency, Iran is now running out of hard currency, due to a combination of inflation, and 'Koenig & Bauer AG of Würzburg, Germany, also says it has not responded to an Iranian request for bids to make the presses to print new rials.' Perhaps they should switch to BitCoin."
In addition to not printing money for them, the European currency presses won't sell Iran the equipment needed to print their currency domestically (not unexpected with the embargo). pigrabbitbear adds: "Eutelsat Communications, one of the largest satellite providers in Europe, has just nixed its contract with IRIB, the Iranian state broadcasting company. While IRIB's programming is still mostly up and running in Iran, the decision means that 19 IRIB TV and radio channels have now been axed from Europe and much of the Middle East."
the huge unnatural, external force in question is depending upon other nations, nations known to be hostile to your ideology, for essential services like printing money
what i am saying is the narrative of blame the west is fake and contrived. blame the iranians for the fruits of their own choices
intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
My point is exactly that the people should be deciding what money is
Yes, yes, and now I have to spend 30 minutes on every transaction making sure that the gold coin I've been given is a) really gold b) hasn't had any shaved off c) etc etc etc. Works fine for everyone with scales and a water bath to whip out at the grocery store checkout as everyone in line behind you groans (and you thought the person with 200 coupons was bad!)
Using cheap metals for coins was the fix for Gresham's law. All money is "bad" money, so scraping a little off each coin won't get you much more than metal splinters.