Tuesday, May 10, 2011

'Paper Dollar Destroying World Economy'

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.

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.
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  1. The fiat paper dollar is destroying the global economy but so what? Bin Laden is dead!

    Can’t find a job? Losing your home? So what?Bin Laden is dead!

  2. http://www.youtube.com/watch?v=Kl1k6P91_tI

  3. Geezus Christ our owners who also run the Fed will want this guy dead more sooner than later for speaking the truth about the US printing press. Saddam just thought about going away from the dollar and had to die for it. I hope he wears Kevlar suits.


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