US Federal Reserve Printed Over $29 Trillion Counterfeit Dollars to Purchase Goods With it.

 

Tehran, March 03, 2010 (Hamsayeh.Net) - Iranian President Mahmoud Ahmadinejad said the United States is responsible for the biggest theft in the history of mankind by issuing over 29 trillions of its so-called US dollar in the past 30 years.

 

Speaking to the group of eight developing nations’ representatives (D8) in Tehran, the Iranian President concluded that the only way to get rid of Western global hegemony was through unity and cooperation amongst developing countries. According to Ahmadinejad, following the outbreak of 2008 recession, people around the world will soon witness the end of American capitalism.

 

Ahmadinejad said, ‘the fact that the US has 14,000 billion dollars budget deficit and has issued over 29,000 billion counterfeit dollars during the past 30 years, buying goods with it, is the biggest theft in the history of human kind,’ as reported by IRNA. He said D8 countries have the potential to become a major economic block in the future.

 

In reality the United States’ Federal Reserve has for the past 30 years over-printed paper money for up to $29 trillion worth. The US has succeeded in keeping the value of such large amount of counterfeit money and government bonds at artificially high levels throughout these years, by conducting military campaigns in other parts of the world especially in oil rich areas.

 

The US war planners frequently pick smaller, poorer and militarily backward nations that are strategically important, to wage wars against. Pentagon always avoids conducting a true war against a larger opponent.  Washington’s military policy is quite similar to what armed gangsters do when they want maintain their presence inside a neighborhood.  The US also masks this activity from the world by pretending to be a harbinger of democratic values and an avid human rights advocate, etc.