Western officials believe that Iran’s economy is crashing so quickly that it has the potential to merge the next spring under the collapsed pressure of oil embargo, international sanctions, and internal negligence by governments in Tehran.
The government officials in West predicts that Iran will be given all the foreign trade reserves and there won’t be any changes made to the policy for another 6 months or a year, making it unfeasible for the Islamic government to export their items foreign. In order to buy the imported things, Islamic Republic will have to run its public services and manufacturing sector, said by one of the European diplomats.
Western officials have made their policies very strict this time on Iran in the hope to cripple the trades. The tightened economic sanctions set off an monetary crisis, which will force heads in Tehran to abandon or curb a nuclear program, which the Western government fears is planned at constructing a nuclear bomb. The capital ofIran,Tehranhas stayed rebellious, claiming that it’s uranium enrichment process for peaceful purposes. Officials of West believe that enriching uranium at the full scale might cause imbalance payment and threaten the government’s survival, sparking domestic unrest.
The European Union made changes in its policy, adding a new sanction onIran’s financial, energy, and natural resources divisions. The changes likely to imbalanceIran’s foreign exchange reserves further and speed up the plunge in the assets of its currency. The new sanctions cut offIran’s oil exports by half and limited its ability to conduct global financial transactions, told by a diplomat, who spoke to the media regarding the inscrutability or secrecy due to the diplomatic sensitivity of the issue.
West has been waiting for the moment whenIran’s foreign currency reserves will run low, as they want to force the nation to give up its nuclear program before it starts enriching enough uranium and start working on building a warhead. If everything happens accordingly,Israel’s government believes that time to come next spring, but Barack Obama’s government says it may be several years off.
Other Western officials have kept mum and may come up with their thoughts whenIranwill reach the crisis point. The executive director of Democracies Mark Dubowitz said that economy condense needs to occur beforeIranreaches its goal. The meltdown should happen at least 6 months prior toIran’s nuclear development. Cliff Kupchan, one of the analysts said that it’s quite hard to predict when Iran’s economy will be turned down and hence, it is better to come up with new and complex factors to analyze things in a better way.
Oil Declines Pending U.S Rig Count; Concerns Over High Global Supply
Oil prices declined on Friday, with U.S. crude down 3%, as investors and traders waited anxiously to see if the U.S. oil rig count will fall even more while OPEC members indicated they would do little to cut output. Declining share prices on Wall Street, which have given guidance to oil recently, also pressured crude futures, addition with reduced political turmoil in the Middle East from United States-Russia discussions on Syria. The dollar bounced to contain oil and additional commodities, following Thursday’s decision by the Fed to keep U.S interest rates unchanged pushed the currency to a 21 day low earlier.
This directed attention largely on oil services firm Baker Hughe’s weekly United States oil rigs report set at 1:00p.m EDT. U.S oil drillers have slashed rigs over the last two weeks, a signal that renewed price drops since July possibly be slowing some from returning to the well pad in large way. “With U.S. output shifts still very much under the microscope, today’s oil rig counts could be a key determinant as to how the complex finishes this week,” said Jim Ritterbusch, analyst at Ritterbusch & Associates. “We expect another decline but one downsized from recent double digit decreases,” he stated. U.S crude futures CLcl fell $1.20, or 2.6%, at $45.70 per barrel.
Next, OPEC member Kuwait stated it would take time for the oil markets to correct itself, representing the group would still defend market share regardless of production cuts to boost prices. Additional OPEC sources stated they project oil will increase a maximum $5 a barrel annually to reach $80 by the year 2020. Iran’s deputy oil minister repeated Iran’s plans to get back its oil production share once nuclear-related sanctions are gone against Tehran, enhancing that new oil contracts would be released in coming weeks. Russia was the only main producer to state on Friday it was probably going to cut production at below $40 a barrel.
Illegal Marijuana: Is That Still A Thing?
Marijuana has finally been made legal and will continue to be made legal over the next couple of years throughout the country. However, there is still a need for marijuana to be sold through the black market. Why? Because of taxes.Regulators have made it near impossible for legal markets get out of restriction. Because of this, while cannabis is allowed in certain areas, drug lords and street dealers have been doing exceptionally well.
A main concern is the banking limits put upon cannabis markets. Dealings have been approved by the government, but still are a threat to the industry because no definitive law has been amended to the books. Lawmakers in Washington D.C. recently added a 37 percent excise tax and restricted the number of retail locations. This put the legal market in a state of non competitiveness with the underground trade. Lawmakers are going to have to levy taxes and release oppressing rules if they seek to stop illegal drug trading.
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Marijuana Stocks Are The Highlight Of MarijuanaStocks.com Late Night Analysis
Within the capital markets public companies keep sprouting from, it seems, out of nowhere to try and carve out their own green footprint. Cannabis stocks, as volatile as they may be, continue to captivate investors looking to grab their own piece of a brand new industry, the same way their parents did ten plus years ago with “DotCom.” Dot Bong seems to be the millennials’ turn at finding the next Ebay or Amazon. Think about it, if you could have invested in alcohol just as prohibition was ending, would you (assuming that there was an opportunity to purchase shares of a publicly traded alcohol company)? I will be presumptuous and say “yes”f or you; and that’s exactly what’s happening. Marijuana is the newest “sin” sector in the public markets, joining the likes of big tobacco, Alcohol, and Gaming industry. When the discussion about marijuana stocks comes about, where do you stand? Do you find yourself in the same mindset of at least 7 high net worth investment funds taking the leap into buying cannabis stocks or are you still watching from the sidelines?