No, this isn’t about the administration of JIMMY CARTER (Peace be upon him)!  But considering rampant inflation, and the subject of Iran, maybe it IS about Jimmy Carter. 

In June, Iran’s inflation rate was a peace-be-upon-it 26%, or maybe a transcendant 30%, depending upon the data source.  The Iranian Rial now trades at 9,600 per dollar, where in 1979 the Rial traded at 70 per dollar.   Could this be a fiendish Carteresque strategy, planned as far back as 1979?  Hell no.  Carter couldn’t find his own significant appendage with an electric cattle prod.   This is pure Iranian.

Islamic monetary policy (Peace be upon it) pasha Tahmasb Mazaheri (no relation to Greenspan) told the country that Iran’s Central Bank might just lop off three or four zeroes on the rial to bring inflation down.   Another scheme is to boost the rial to 1/100th of a gram of gold - if I read this correctly - that makes 1/100th of a gram of gold equal to 2,500 rials.

A Troy Ounce of gold is equal to 31.1034768 grams.  I’m no math head, obviously, but to buy a Troy Ounce of gold Shitzmak Six Pack will need 7,750,000 Mahmoods, or about $807.29.  Assume the Iranian Central Bank’s gold option PLUS lopping four zeroes off the rial, Shitzmak needs 775 Mahmoods to buy a Troy Ounce, crunching the ounce price of gold in Iran down to  9 American pennies.

 We need Mazaheri at our Federal Reserve.  He’s a whiz at Obamanomics.