{"id":322809,"date":"2026-02-08T08:08:12","date_gmt":"2026-02-08T08:08:12","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=322809"},"modified":"2026-02-09T08:35:47","modified_gmt":"2026-02-09T08:35:47","slug":"us-treasury-head-admits-creating-dollar-shortage-in-iran-to-spark-december-protests","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=322809","title":{"rendered":"US treasury head admits creating &#8216;dollar shortage&#8217; in Iran to spark December protests"},"content":{"rendered":"<h1 style=\"text-align: center;\"><strong>The Cradle \u2013 Feb 6, 2026<\/strong><\/h1>\n<div class=\"wp-block-image\">\n<div id=\"attachment_321972\" style=\"width: 710px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-321972\" class=\"wpa-warning wpa-image-missing-alt wp-image-321972 size-full\" src=\"https:\/\/www.thetruthseeker.co.uk\/wp-content\/uploads\/2026\/01\/US-Treasury-Secretary-Scott-Bessent.png\" alt=\"\" width=\"700\" height=\"391\" data-warning=\"Missing alt text\" srcset=\"https:\/\/www.thetruthseeker.co.uk\/wp-content\/uploads\/2026\/01\/US-Treasury-Secretary-Scott-Bessent.png 700w, https:\/\/www.thetruthseeker.co.uk\/wp-content\/uploads\/2026\/01\/US-Treasury-Secretary-Scott-Bessent-480x268.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 700px, 100vw\" \/><p id=\"caption-attachment-321972\" class=\"wp-caption-text\">Scott Bessent<\/p><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>US Treasury Secretary Scott Bessent <a href=\"https:\/\/www.jns.org\/rats-leaving-the-ship-bessent-says-of-iranian-capital-flight\/\">stated<\/a> on 5 February that Washington helped spark recent protests and riots in Iran by creating a US dollar shortage, leading to the collapse of a major and runaway inflation.<\/p>\n<p>\u201cWhat we have done is created a dollar shortage in the country,\u201d Bessent said while testifying before the Senate Banking Committee on Thursday.<\/p>\n<p>\u201cIt came to a swift and, I would say, grand culmination in December, when one of the largest banks in Iran went under. There was a run on the bank,\u201d he added.<\/p>\n<p>\u201cThe central bank had to print money, the Iranian currency went into free fall, inflation exploded, and hence we have seen the Iranian people out on the street.\u201d<\/p>\n<div align=\"center\">\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Economic hitman on regime change: Testifying before the House Financial Services Committee, US Treasury Secretary Scott Bessent explained that U.S. sanctions created severe dollar shortages which brought Iranians to the streets. <a href=\"https:\/\/t.co\/Ax3yJdzebk\">pic.twitter.com\/Ax3yJdzebk<\/a><\/p>\n<p>\u2014 Glenn Diesen (@Glenn_Diesen) <a href=\"https:\/\/twitter.com\/Glenn_Diesen\/status\/2019740655199666497?ref_src=twsrc%5Etfw\">February 6, 2026<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Bessent described the artificially created dollar shortage as part of US President Donald Trump&#8217;s \u201cmaximum pressure campaign\u201d on Iran that was launched after his return to the White House in January 2025.<\/p>\n<p>The campaign <a href=\"https:\/\/www.reuters.com\/world\/us\/trump-set-reimpose-maximum-pressure-iran-official-says-2025-02-04\/\">included<\/a> efforts to drive Iran&#8217;s oil exports \u201cdown to zero.\u201d<\/p>\n<p>Amid the US dollar shortage, Iran&#8217;s Ayandeh Bank collapsed in October, helping spark the anti-government protests two months later, <a href=\"https:\/\/www.wsj.com\/world\/middle-east\/bank-collapse-iran-protests-83f6b681?gaa_at=eafs&amp;gaa_n=AWEtsqeXRQ0zJn6seCRRfuv80Jj1SD-KaNJccEj-0tilhw5y-BPgYep30IOyMo9PvwQ%3D&amp;gaa_ts=698507b2&amp;gaa_sig=AHiSWb2iAMYODMmYnQLJMX58Vq--EZLvPgrvmw7O6WkS9wFpIKJxeCSd%20\">according<\/a> to the <em>Wall Street Journal<\/em> (WSJ).<\/p>\n<p>The bank collapsed after losing $5 billion on bad loans to government-backed projects.<\/p>\n<p>Ayandeh had attracted deposits from millions of ordinary Iranians by offering unusually high interest rates, creating what one Iranian oversight official allegedly described as a \u201cPonzi scheme.\u201d<\/p>\n<p>\u201cThe government folded the carcass into a state bank and printed a massive amount of money to try to paper over all the red ink,\u201d WSJ claimed.<\/p>\n<p>This led to the collapse of the rial, Iran&#8217;s currency, sparking massive capital flight.<\/p>\n<p>\u201cWe have seen the Iranian leadership wiring money out of the country like crazy,\u201d Bessent told senators on Thursday, claiming that \u201cthey know the end may be near.\u201d<\/p>\n<p>On 20 January, the Treasury secretary stated in an interview that US sanctions deliberately devalued Iran&#8217;s currency and \u201cthis is why [Iranians] took to the streets.\u201d<\/p>\n<p>\u201cThis is economic statecraft, no shots fired,\u201d Bessent added.<\/p>\n<div align=\"center\">\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Treasury Secretary Scott Bessent boasts that sadistic US sanctions deliberately devalued Iran&#8217;s currency and &#8220;this is why [Iranians] took to the streets&#8221;<\/p>\n<p>&#8220;This is economic statecraft, no shots fired,&#8221; Bessent added<\/p>\n<p>One of the most important confessions of the US war on Iran <a href=\"https:\/\/t.co\/wwKUCJgwu2\">pic.twitter.com\/wwKUCJgwu2<\/a><\/p>\n<p>\u2014 Max Blumenthal (@MaxBlumenthal) <a href=\"https:\/\/twitter.com\/MaxBlumenthal\/status\/2013830010050593158?ref_src=twsrc%5Etfw\">January 21, 2026<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>After the protests over the currency collapse in Iran began in December, Mossad-organized gangs began attacking protestors, security forces, government buildings, and mosques.<\/p>\n<p>Iranian police arrested rioters and protest organizers, including some being paid from abroad and others found in possession of weapons and explosives.<\/p>\n<p>Iranian police chief Ahmad Reza Radan\u00a0<a href=\"https:\/\/www.almayadeen.net\/news\/politics\/-%D9%83%D8%A7%D9%86-%D8%A8%D8%AD%D9%88%D8%B2%D8%AA%D9%87%D9%85-%D8%A3%D8%B3%D9%84%D8%AD%D8%A9-%D9%88%D9%82%D9%86%D8%A7%D8%A8%D9%84----%D8%B4%D8%B1%D8%B7%D8%A9-%D8%A5%D9%8A%D8%B1%D8%A7%D9%86-%D8%AA%D9%88%25%20\">explained<\/a> that the protests initially \u201cwere legitimate economic protests by market traders,\u201d but \u201clater turned into riots.\u201d<\/p>\n<p>\u201cWe started two days ago arresting those who incite riots,\u201d Radan said last month while speaking on Iranian television. He noted that some of them confessed to receiving payments in dollars, suggesting the protests are being supported by foreign NGOs or intelligence agencies.<\/p>\n<p>Israeli media <a href=\"https:\/\/www.jpost.com\/middle-east\/iran-news\/article-881733\">acknowledged<\/a> that the Mossad elements were active in the protests, riots, and anti-government attacks.<\/p>\n<p>Militants belonging to Kurdish separatist groups in northern Iraq also crossed the border into Iran to join in on the anti-government violence taking place across the country, sources told\u00a0<a href=\"https:\/\/www.reuters.com\/world\/middle-east\/armed-kurdish-groups-sought-cross-into-iran-iraq-sources-say-2026-01-14\/\"><em>Reuters<\/em><\/a><em>\u00a0<\/em>on 14 January.<\/p>\n<p>For years, Iran faced cross-border attacks from Kurdish separatists belonging to the Kurdistan Democratic Party of Iran (KDPI) and other Kurdish militant groups.<\/p>\n<p>Trump and his allies in Israel have sought to use fabricated claims of Iranian security forces killing peaceful protesters as a pretext to <a href=\"https:\/\/www.bbc.com\/news\/articles\/cqj2qgw8w08o\">initiate<\/a> a new war against Iran.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/donate.thecradle.co\/\"><span style=\"text-decoration: underline;\"><strong>Support us.<\/strong><\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/thecradle.co\/articles-id\/35810\">Source\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Treasury Secretary Scott Bessent reveals that Washington helped fuel recent unrest in Iran by creating a dollar shortage, which led to runaway inflation and market trader protests <\/p>\n","protected":false},"author":39262,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[66,51],"tags":[],"class_list":["post-322809","post","type-post","status-publish","format-standard","hentry","category-Economics","category-Iran"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/322809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=322809"}],"version-history":[{"count":5,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/322809\/revisions"}],"predecessor-version":[{"id":322827,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/322809\/revisions\/322827"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=322809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=322809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=322809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}