IRAN PROTESTS: Money – and the Lack of It – Can Change Everything.

What we haven’t covered is ‘the money’ and the bank crisis that many are saying precipitated this wholesale eruption in the streets to begin with. I thought I’d try to give you all a little of the background on that since we seem to be in somewhat of a news lull.

At one time, there was a bank in Iran called Ayandeh Bank. It was run by a man named Ali Ansari, a ‘well-connected’ Iranian businessman from one of the richest families in the country. Ansari had taken two state banks and merged them with a bank he already owned to form the new Ayandeh Bank. So, this is the first issue – this ‘new’ financial institution is run by nothing but cosy regime insiders.

According to the Wall Street Journal’s report, this Ayandeh Bank was a flashy self-lender and spender, and had plenty of help staying afloat using loans from the central state bank.

All good pyramid schemes, whether built on your own money or someone else’s, come to an end, and such was the case with Ayandeh Bank.

When the money runs out, a regime learns for sure who is committed to the cause and who was just paid off. If there’s a case where it wasn’t enough for the former and too many of the latter, I haven’t heard of it.