Bad news for the Iranian regime: its currency just hit another record low. $1 now buys roughly 2.7 MILLION Iranian rials. The situation has become so serious that Iran’s central bank is selling up to $2 billion in an attempt to support the currency. Sanctions are working.' The post contains a real economic fact, but its conclusion “Sanctions are working” is much stronger than the evidence permits. More importantly, the way the fact is framed turns a complicated, long-running economic process into a near-linear story of sanctions → currency collapse → regime failure . That is where the analytical problem begins. I would judge it at several levels. 1. The factual core is real The rial really has reached extraordinary lows. Reuters reported that on October 3 the free-market rate was around 2.688 million rials per dollar , with the Central Bank announcing that state banks would sell up to $2 billion to support the currency. Reuters also reported that the rial had lost more t...
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Showing posts from October, 2026
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You really couldn’t make this stuff up. Who was the leading visionary the Omani terror pilot supposedly looked up to?None other than our fantastic mayor of NYC, the venerated Zohran Mamdani.The terrorist was an avid fan of the NYC mayor, and after hearing Mamdani praise individuals involved in 9/11, he allegedly decided to try to reenact it himself.This man is spreading terror.' Yes, this is a useful example of a possible projection/transfer of responsibility , but I would make the argument more precise than simply calling it “projection.” The central problem is that the post appears to transfer the alleged terrorist's responsibility onto a political figure through an asserted ideological connection that has not been demonstrated . I checked the current reporting because this is a very recent incident. The underlying aircraft incident is being treated by UAE authorities as a terrorist act, and CNN reports that the suspect is Hamam al-Hammami, an Omani national. However, the i...