Iran Speaks Up: “Paper Dollar Destroying World Economy”
by Tyler Durden
This one is just too good to pass by: the latest critic of US monetary, and budget policy, is none other than… Iran. From PressTV: “Iran’s President Mahmoud Ahmadinejad strongly criticizes US economic policies, saying that the paper currency created by the American government is taking a heavy toll on the global economy.” In an address to the fourth UN Conference on the Least Developed Countries in Istanbul, Turkey, on Monday, Ahmadinejad said that the cash injected into the global economy in the form valueless US dollars amount to over USD 32 trillion, IRNA reported. “This is while the US budget deficit for the 2011 fiscal year is expected to reach a figure above USD 1.6 trillion,” he added. Who would have thought The Onion reality of our centrally planned times would get to a point where Iran speaks more truth than our own politicians…
More from PressTV:
The Iranian president also pointed that the US foreign debt now approaching over USD 14.6 trillion, while the Gross Domestic Product (GDP) in the United States stands at around USD 14 trillion.
President Ahmadinejad stated that such figures clearly explain the plunder of national wealth in many countries, and the upsurge in poverty and underdevelopment across the globe.
He noted the certain countries rob less developed states to pay their international debts.
“Most of international economic organizations either defend the existing situation or serve the interests of certain states,” he said.
President Ahmadinejad further said the era of colonialism is coming to an end and the management of world issues should be reformed.
Lastly, if Iran gets its way, the US may soon follow Weimar not only in infinite printing, but in paying reparations:
He also proposed the formation of an independent commission to assess the extent of damage inflicted on oppressed nations during the era of colonialism, and to oblige former colonialist powers to pay indemnities.
There is little one can add to this gem. Pretty much says it all.
h/t Temp Flashback
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Whistler Blowers, Insiders
We all know that Bernanke is Goat,scapeGoat and same Obama,the people who stay behind them is in charge and its as always not seen to masses,Ahmadinejad can trigger some waves if he coordinate his words with others like Schavez and following,this system could be cracked off only with guys like him,who holding candle near dinamit box expecting more light.I expect explosion of the US power down and it already lost respect in eyes of all people on planet who ever trusted holdingthe savings in $.US Govenment today and CBank with Fed is a bunch of stealers robbing World citizens using its timely power,Achmadinejad is very lacky to be say it while being president of big country,because USA Media disregard anyone,now they will listen,if not-no one will listen them.Its quite funny that most dictator now is in the white Prince closes right on time building momentum.USA can find itself King no closes any given minute!30% of the Stock Markets is derivetives,hard to see any money going into economy,but to banks and brokerage houses or WStreet