Iranian Bank Sepah Teeters on Collapse: The Financial Death Knell for Tehran's Murderous Mullah Regime

The house of cards in Tehran is finally tumbling – and it's about bloody time!

Hot off the presses: Iran's banking sector is imploding, with five major institutions on the brink of total collapse, headlined by Bank Sepah – one of the country's three largest banks and the primary piggy bank for the IRGC thugs and the military machine. This isn't some minor glitch; it's the regime's financial arteries bursting wide open, courtesy of years of corruption, cronyism, and bone-headed mismanagement amplified by crushing US sanctions.

We've already seen Ayandeh Bank – a private lender bloated with $5 billion in bad loans to regime insiders – get swallowed whole by state-owned Bank Melli in a desperate bailout last October. Now, the rot spreads: Bank Sepah, along with Sarmayeh, Dey, Iran Zamin, and Mellat, are flagged as "highly imbalanced" with liquidity shortages, toxic loans, and overexposure to dodgy quasi-governmental entities. The central bank's own supervision chief called Ayandeh a "Ponzi scheme" – and Sepah's next in line for the chopping block.

Why does this spell the end for the vile, murderous mullahs who've terrorised Iran and the region for decades? Because Bank Sepah isn't just any old high-street lender – it's the lifeblood of the Islamic Revolutionary Guard Corps (IRGC) and the armed forces. Collapse here means no more easy cash for proxy wars in Yemen, Syria, or Lebanon; no fat paychecks for Basij goons cracking skulls on protesters; no slush funds for nuclear ambitions or missile mischief. This is the cardiac arrest for the regime – a direct hit to their operational lifeline.

The grim reality biting the ayatollahs:

• Crony Capitalism on Steroids: Bad loans to regime cronies have hollowed out these banks, turning them into black holes of corruption. Ayandeh's $10 billion debt transfer to the state? Just the tip – Sepah's exposure to IRGC-linked firms means billions more in write-offs.
• Sanctions Squeeze: US and Western sanctions have starved Iran's economy, but the regime's own graft turned a pressure cooker into a bomb. Ordinary Iranians are the collateral – protests erupted over Ayandeh's fall, and Sepah's demise will fuel the fire.
• Economic Domino Effect: With Sepah going under, the ripple hits pensions, salaries, and imports. Inflation's already at 40%+, the rial's in freefall – this could trigger hyperinflation and mass unrest, toppling the theocracy like dominoes.
• No Bailout Lifeline: Merging failing banks into state giants like Melli or Sepah itself (which absorbed five sinkers in 2020) is just kicking the can – now the can's exploding. The regime's out of tricks, out of cash, and out of time.

This banking bloodbath isn't bad luck; it's the inevitable endgame for a regime built on brutality, theft, and isolation. The mullahs have sponsored terror, executed dissenters, and starved their people while lining pockets – now the bill's due. Sepah's brinkmanship is the spark that could ignite the final revolution, sending Khamenei and his cronies packing.

The Iranian people deserve freedom from this murderous cabal. Rise up, Persia – the end is nigh!

Amazon Suggested Reads – Unmask the Regime's Rot

• “The Mullahs' Money Machine” – inside Iran's corrupt economy (affiliate link)
• “Sanctions and Collapse: Tehran's Tipping Point” – why the end is coming
• “Persian Uprising: Stories from the Streets” – fuelling the fightback

Ken Frost

Professional Cynic, Chartered Accountant and unrepentant Loanbuster

www.kenfrost.net – busting global tyrants since 2005

Ed Miliband's Offshore Wind Fiasco: £91/MWh Locked In for 20 Years – Higher Bills, Lost Jobs, Shaky Security & Decades of Rip-Off Contracts

Blimey, Ed Miliband's just pulled off the mother of all green vanity projects – and we're all going to pay through the nose for it!

Fresh from yesterday's "record-breaking" offshore wind auction, the Energy Secretary is crowing about securing 8.4GW of new capacity – enough to "power 12 million homes" – at strike prices around £89-£91/MWh (in 2024/2025 prices, blended average ~£90.91/MWh). These Contracts for Difference (CfD) are locked in for a whopping 20 years (up from 15), running right through to around 2045. Miliband calls it an "historic win" and "taking back control" from volatile gas markets.

Historic win? More like historic stitch-up for the British punter!

Let's get real with the numbers, because the spin doesn't survive contact with reality:

• £91/MWh guaranteed to developers (in recent 2025 prices) – that's what taxpayers and bill-payers subsidise when market prices dip below.
• Market price for gas-fired power? Currently hovering around £55-£80/MWh (wholesale electricity often set by gas at ~£70-£80/MWh day-ahead in early 2026, with futures expecting further drops).
• Gas generation costs (including new plants) touted by Miliband as £147/MWh? That's including a fat carbon price and build costs – but existing gas plants are churning out power far cheaper right now, and markets expect prices to fall further as global supplies stabilise.

It's just not credible to claim gas is what's making our power expensive. Not credible at all. Renewables were meant to crash costs – instead, Miliband's handing out premium subsidies when wholesale is trading cheaper. When the market price falls below £91 (which it already does much of the time), we top up the difference via our bills. When it's above? Developers pay back – but good luck banking on sustained highs in a world of abundant LNG and falling gas futures.

The fallout? Brace yourselves:

• Bills will be higher – these locked-in top-ups add billions over decades, with critics warning families face "decades of higher electricity prices". Labour promised £300 cuts; instead, bills are already £200 up since they took power, and this cements uncompetitive prices.
• Energy security threatened – we're betting the farm on intermittent wind (no wind = no power) while sidelining reliable gas. In an unstable world (Middle East flare-ups, anyone?), we're more exposed, not less.
• Jobs lost – higher energy costs hammer UK industry, manufacturing flees to cheaper shores, and the "thousands of jobs" Miliband boasts? Offset by private-sector carnage from sky-high power prices.
• Stuck with useless contracts for decades – 20-year lock-ins mean we're tied to these inflated rates until the 2040s, even if tech improves, costs plummet, or better options emerge. Talk about fiscal handcuffs!

This isn't green genius; it's ideological lunacy. Miliband's virtue-signalling "clean power by 2030" obsession is costing us dear, subsidising developers at premium rates while gas – the current marginal price-setter – proves far cheaper. Renewables dampen wholesale prices? Great in theory, but when you're guaranteeing £91/MWh subsidies on top, the net benefit to consumers evaporates.

Miliband promised cheaper, homegrown power. What we've got is a generational bill hike, fragile security, job losses, and contracts that make the poll tax look like a bargain.

Resign, Ed – before you bankrupt the lot of us chasing net-zero nirvana.

Stay angry, stay vigilant, and for God's sake insulate and shop around – because this lot won't save you a penny.

Amazon Suggested Reads – Shield Yourself from the Green Rip-Off

• “The Great Net Zero Swindle” – how climate dogma costs Britain billions
• “Energy Poverty: Surviving Labour's Green Taxes” – practical ways to cut bills
• “Fossil Fuels vs Fantasy” – why reliable energy still wins

Ken FrostProfessional Cynic, Chartered Accountant and relentless Loanbuster

www.kenfrost.net – exposing the energy emperors since 2005

Labour's AI Tyranny: Kendall's Crackpot Ban on "Bad" Image Tools – A Recipe for Economic Suicide and US Sanctions

Blimey, here we go – another day, another Labour lunacy straight from the nanny-state playbook!

Technology Secretary Liz Kendall – fresh from her pulpit in the Commons – has declared war on AI, announcing that the government will "seek to make it illegal for companies to supply the tools designed to create such images." "Such images"? We're talking non-consensual deepfakes, the kind that's got the moral panic brigade frothing over Grok on X. But let's call this what it is: a ham-fisted power grab that's about as effective as banning knives to stop buttering toast.

Labour's painting this as a noble crusade against "weapons of abuse" – activating bits of the Data (Use and Access) Act to criminalise creating or requesting intimate deepfakes. Fine, nail the pervs abusing the tech. But banning the tools themselves? That's like outlawing hammers because someone might smash a window. It's overreach on steroids, and it'll backfire spectacularly.

First off, the hysteria over Grok and X is wildly misplaced. Some idiots have used Grok to whip up dodgy images – including the vile child abuse stuff that's rightly got everyone riled. But singling out Elon Musk's playground? Give me strength. Other platforms – Midjourney, Stable Diffusion, even bog-standard apps on Google or Apple – have been churning out similar illegal images for years. Why the laser focus on X? Because Musk's a thorn in the establishment's side, that's why. Labour's virtue-signalling at the expense of one US giant while ignoring the rest is hypocritical hogwash.

And here's the real kicker: any outright ban on X or Grok services in the UK will be met with swift sanctions from the USA. Uncle Sam doesn't take kindly to foreign governments muzzling American tech titans – remember the TikTok rows? Elon'll have his mates in Washington slapping tariffs or trade barriers faster than you can say "free speech." Labour's playing with fire, risking a transatlantic spat that could hammer UK exports and investment. Brilliant strategy, folks – alienate our biggest ally over a few pixels.

But wait, it gets worse. These proposed rule changes on AI aren't just daft; they're economic poison. Banning "tools designed to create such images" will, in effect, halt AI investment in the UK dead in its tracks. Who in their right mind would pour billions into British AI firms if the government's lurking with a ban hammer? We're already lagging behind the US and China – this'll send startups fleeing to friendlier shores like Singapore or Silicon Valley. Growth? Forget it – hello, tech exodus.

And don't think it'll stop at AI generators. This slippery slope will slop over into every creative tool under the sun:

• Photoshop and editing software: Adobe's got layers that could "create" dodgy images – ban that too?
• Art apps and digital drawing tools: Anything with a brush or filter could be twisted for ill – say goodbye to Procreate or Clip Studio.
• Even pencil and paper: Extreme? You bet, but once you start policing "tools designed to create," where's the line? Ban charcoal sketches because someone might draw something naughty?
• Basic photo apps on your phone: Filters, crops, AI enhancements – all could fall foul if Labour's zealots get their way.

This isn't protection; it's prohibition-era stupidity, stifling innovation, creativity, and free expression to chase a phantom fix for online nasties. Existing laws already cover abuse – enforce them, don't nuke the toolbox.

Labour promised tech-savvy governance. What we've got is Luddite lunacy from Kendall and co, virtue-signalling their way to a self-inflicted recession. Resign? Damn right – before they drag the UK back to the Stone Age.

Stay vigilant, folks. Shield your digital freedoms, diversify your tools, and laugh at the next "expert" who says this'll work.

Amazon Suggested Reads – Defend Your Tech from the Nanny State

• “The AI Purge” – how governments kill innovation (affiliate link)
• “Free Speech vs. Big Brother” – surviving the censorship wave
• “Tech Exile: Why Innovators Flee the UK” – essential escape plans

Ken Frost
Professional Cynic, Chartered Accountant and unrepentant Loanbuster
www.kenfrost.net – fighting the fiscal and digital fascists since 2005