Armstrong Economics Blog/Middle East
Re-Posted Nov 9, 2017 by Martin Armstrong
Iran has a very rich history that lends itself to tremendous insight into the long-term future of the Middle East. It was Cyrus the Great who conquered Lydia which was the birthplace of money issued by the state. The Persians adopted the practice and then continued to produce coins with the same design as the Lydians until they were changed in 510BC and the image of Darius I appears as an archer.
If we begin with the Medes, there have been 17 major overturning events of great importance. The Persians were responsible for the collapse of the Roman monetary system during the 3rd century when they captured the Roman Emperor Valerian I. Then there was the fall of Iran to the Muslim conquest. This latest revolution in 1979 has been one of rising confrontation with the west.
The last Iranian Revolution took place in 1979. The cycle bottomed in 2016. Here we are starting a new cycle of rising tension. Keep in mind that Persia has been a major player throughout the centuries. They have not vanished into the sunset. They are moving toward war once again.