 "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."
-
- received:
-
- 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.
-
- 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.
-
- The problem as other nations see it: Bernanke is pumping
all that new money into the international loop to create inflation outside
the domestic economy, inflation that robs foreigners of their accumulated
dollar wealth. (The dollar is what is used internationally to buy oil.)
The Fed is robbing all of those who has sold us oil and other foreign
goods.
-
- But at the same time, as Ahmaninejad is the first head
of state to point this out, the American people are not getting any of
this money that the Federal Reserve Bank of New York is flooding to international
speculators through its open market purchases of securities. The Fed is
buying all of those bonds and paying cash but that cash is going to rob
foreigners of their foreign dollar-denominated savings while none of it
reaches the Domestic Economy of the US were it would have prevented a million
bankruptcies and home foreclosures etc.
-
- Ahmaninejad is one man it be good to talk with. Unlike
any of the American political elite, he seems to grasp OUT problem.
-
- The dollars the Fed creates go to international predator
speculators, not to our doemstic economy.
|
