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-- the Middle East here on money we've been telling you that Iran is experiencing crippling up inflation because the latest EU sanctions.
But reports now say the countries responding -- reporting substantial amounts of gold.
In fact official Turkish trade data shows that nearly two billion dollars worth of gold was sent to -- on behalf uranium buyers in August alone.
This is just on the heels of Iran announcing its investing a billion dollars to boost its oil and gas production food.
So is this how Iran is getting the money he's for all that with me now -- doctors in new jobs -- founder and president of the American Islamic form for democracy.
He is also the author of a battle of the soul of -- Welcome back doctor Johnson thank you so much for joining us.
-- great to be the most let me ask you about this report Reuters has done some great reporting on this saying that.
They're sources tell them couriers -- million dollar millions of dollars worth of gold -- on in our luggage have been flying from Istanbul to Dubai.
Where the gold has been shipped to Iran what do you think does this sound plausible in in what does it mean.
Well absolutely and I think -- and I'm so glad you're covering this because.
You know it's sort of the untold way of bypassing the sanctions against the Iran which had been somewhat -- -- scenery all non Iran dropped 30% we've seen their inflation going up 50% as.
He -- citizens are concerned about the value of their own.
Monetary -- Value so at the end of the day what's happening is.
Date for example Turkey subverting -- -- shipping gold -- Iran is selling its oil and Turkey's paying for it through their own.
Rial for example but then they converted to gold Iran they gets paid in -- and uses that goal to buy other products -- -- the world than.
And continue to function -- economy with China India.
South Korea and other countries that are not -- buying into the sanctions and thus they continue to grow and prosper and create a separate economy from the sanctions so.
We need to talk about this expose -- and figure out a way to impose harsher sanctions on Iran.
I knew what I mean other thing crossing Turkey up our Christmas card list -- what is it that we can really do about -- Well what peanuts I think it's more complicated and that and that first of all Turkey supposedly -- -- a proxy civil war against.
Iran and Syria supporting the opposition so either they're speaking the truth though -- openly lying and we can have a much stronger.
Statement from the president -- that supposedly were looking for regime change in Syria all the while Turkey's funneling.
Billions of dollars to Iran subverting American sanctions so one -- the war of words.
Second is also other partners such as Dubai who supposedly is an ally that also is just a hundred miles across -- -- -- from Iran and it is shifting also was some of that -- goal to them.
So we have other players India as an ally other allies that are subverting the sanctions through this new.
Identity -- gold economy that is providing one to two billion dollars a month and by passing these sanctions.
Yeah I mean when I originally heard that they were investing a hundred billion dollars in trying to boost their oil output natural gas output I thought.
You know I don't believe that is where they getting the money but now you sort of see where they -- getting the money.
So weighed in a lot of ways it seems like -- -- this investment is unstoppable.
The whole thing since I was seems unstoppable.
Well remember there is some impact from the sanctions but secondly remember this is dictatorship that can make up any numbers about its own investment and I don't think they have a hundred billion dollars if they did there're there rial would not be dying down 30% and their price of their food would be going up 50% as it is in the last -- so.
They're there exaggerating these numbers in order to do their own little bailout if you will and tell their country that their dollars are good they're investing in the Petro.
Gold or Petro dollar economy.
Internally so I think a lot of it is bluster they're exaggerating in order to tell their people have confidence our main industry which is the oil industry while they sell 22% to China 14% to decline.
And 13% to -- India.
Doctor Jessica thank you so much for coming on in cutting -- the noise really appreciate hope you'll come back soon.
Any time --
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