MEK Iran: Mullah Regime Caused the Stock Market Crash
Mullah regime’s propaganda
The National Council of Resistance of Iran (NCRI) and The People’s Mojahedin Organization of Iran (PMOI / MEK Iran) reported that even Supreme Leader Ali Khamenei called on the ordinary people to become part of productive investments such as the stock market and cooperatives.
Rouhani and the President of Iran’s Central Bank urged people to invest in the stock market despite being aware that the people will eventually lose their capital when the bubble bursts.
Many people fell for the regime’s propaganda and sold their assets. This gave the regime the opportunity to plunder even more of the people’s money, letting the government compensate for some of its budget deficit.
President Rouhani acknowledged last May that the stock market “has its ups and downs”, but he declared that he was confident it can be managed.
Stock market crash
The stock market took a downturn after a period of artificial growth. Stock values started to drastically fall, culminating in a crash last week.
The people are angry and the state-run media outlets are warning that the possibility of a major uprising is increasing all the time. The Jahan-e Sanat emphasized that those that lost out are the “small shareholders” that fell for the propaganda. It emphasized that many people have “lost everything” and that action must be taken to compensate them as well as “adjust the market conditions”.
The government, so far, has not taken any action to compensate those that have lost anything and it would be no surprise if the government never took any action.
The Arman publication questioned what the government has done with the people’s capital and highlighted that the people put their trust in high-ranking officials.
On the other side of the equation, we have huge government-affiliated institutions and corporations that are making the most of the stock market crash.
Mismanagement and corruption
The Deputy Speaker of Iran’s parliament Amir Hossain Ghazizadeh Hashemi was quoted by Mehr News Agency saying that the government has unethically taken advantage of the people by breaking rules and regulations. He said that the fall in stock prices has been caused by the instability of the market and inappropriate policies in place. He also explained that large companies bought stocks cheaply and that listed companies have inexplicably grown.
The Iranian regime has seen their wealth plundered and their lives destroyed by the Iranian regime for decades. Its mismanagement and corruption know no bounds and the people are determined to see their leadership replaced with a democratic alternative that will respect their human rights and give them back their freedom that they have been cruelly denied for far too long.
The regime’s poor handling of the Coronavirus health crisis is proving that the regime has no regard for the lives of the people. This, and the ongoing suppression and the economic crises that leave the people destitute are going to culminate in another nationwide uprising. It is just a matter of time.