If Trump doesn’t go wobbly, Iran’s banking problems signal victory
The media may be a Fifth Column, but if Trump holds firm, victory is already within reach.
Andrea Widburg | March 13, 2026
A few days ago, what was a little-noticed (by social media standards) tweet appeared, this one about the Iranian banking system. It should have been much-heralded news because it presages a citizen uprising. If Trump doesn’t go wobbly (to use Maggie Thatcher’s famous words to George H.W. Bush), the news about what just happened in Iranian banks heralds the mullahs’ imminent defeat.
To appreciate how important this one tweet is, you need to know two things about Iran.
The first thing is that, in the year before the war began, Iran's annual inflation rate was around 47%. However, measuring “year over year” inflation (that is, comparing prices to the same month a year before the war), the inflation rate was roughly 68%. To put this in perspective, remember that the Democrats are complaining about an “affordability crisis” even though the annual inflation rate for Trump’s first year in office has been 2.7%, and the “year-over-year” inflation, at its highest, has been 3.0%.
As another indicator of how dire the Iranian economy was before the war began, it took about 1,150,000 Iranian rials to equal one U.S. dollar. This is a situation literally a thousand times worse than what happened in Italy in 1982, when its currency sank to around 1,350 lira per dollar. I remember that vividly because I was traveling in Italy, and an Italian told me, “We’re all millionaires; we just can’t afford to buy anything.” What Iran is facing is Weimar-level inflation.
But now, many Iranians don’t need to worry about their money being devalued because they have no money, because the government froze their accounts:
https://twitter.com/JoeTruzman/status/2031410670592471171more
https://www.americanthinker.com/blog/2026/03/if_trump_doesn_t_go_wobbly_iran_s_banking_problems_signal_victory.html
