|
2026-01-15 Syria-Lebanon-Iran
|
|
Sepah Bank Is About To Collapse But It’s The Payroll For Every Irgc, Army And Basij
|
[X: translated into English]
Shanaka Anslem Perera ⚡
@shanaka86
The Wall Street Journal just reported five Iranian banks are about to collapse.
Sepah Bank is on that list.
What happens next will reshape the Middle East and almost no one understands why.
Sepah isn’t a bank. It’s the payroll processor for every Revolutionary Guard officer, every Army conscript, every Basij militiaman in Iran. When Israel-linked hackers hit Sepah in June, military salaries froze overnight. ATMs went dark across Tehran. Pension checks bounced.
That was a stress test. The real thing is coming.
Here’s what consensus is missing entirely.
In 2020, Iran’s military merged five failing banks into Sepah. The largest banking consolidation in the country’s history. They called it a rescue.
It was a time bomb.
Those five banks carried 365 trillion rials in non-performing loans. Bad debt from IRGC construction projects. Losses from sanctioned front companies. Toxic paper from military procurement gone wrong. All of it got injected directly into the institution that processes every security force paycheck in Iran.
Sepah’s capital adequacy ratio today: negative 23.2 percent.
Not low. Not stressed. Mathematically insolvent. Operating only because the Central Bank pretends otherwise.
This is not a sanctions story. This is a story about bureaucrats in 2020 concentrating the entire regime’s financial vulnerability into a single point of failure, then pretending they hadn’t.
When Sepah cannot meet its obligations, the IRGC cannot pay its men. When the men with guns stop getting paid, they stop shooting protesters. When they stop shooting protesters, the regime falls.
The causality runs through a bank, not a protest movement.
Intelligence reports confirm Khamenei has prepared Moscow evacuation plans for roughly 20 family members and senior aides. When the Supreme Leader has packed his bags, why should a conscript die holding a checkpoint?
Three thresholds:
Rial breaches 1.8 million per dollar.
System-wide banking CAR drops below negative 25 percent.
First confirmed IRGC payroll failure exceeding 72 hours.
When all three cross, historical median to resolution is 45 days.
Watch the plumbing. Not the protests.
https://open.substack.com/pub/shanakaans
‘Rats fleeing the ship’: US treasury secretary says Iran’s leaders moving funds out of the country
[IsraelTimes] US Treasury Secretary Scott Bessent says that his department has tracked the wiring of “tens of millions of dollars” out of the country by Iranian leaders.
“We are now seeing the rats fleeing the ship,” he says in an interview with Newsmax. “We are tracing these assets and they will not be able to keep them.”
# id) ?>
|
Posted by 3dc 2026-01-15 00:00||
E-Mail||
Front Page|| [1870 views ]
Top
File under: Govt of Iran
|
|
Posted by mossomo 2026-01-15 16:42||
2026-01-15 16:42||
Front Page
Top
|
|
03:43 trailing wife
00:29 Clyde Thaviling6482
00:14 Besoeker
00:13 Skidmark
Merry-Go-Blog
|
