Ahmadinejad warns of US plundering
Sat, 11 Oct 2008 21:23:09 GMT
Iran's President Mahmoud Ahmadinejad has warned that Washington's financial meltdown may pave the way for a new era of loot and plunder.
Ahmadinejad says the national resources of world countries should not serve as Washington's economic savior.
“Washington has long sought to extricate itself from its predicaments by stripping countries of their national resources,” he said on Saturday.
“The time has come for the nation's of the world to join forces and prevent Washington from depending on their national resourses in times of financial turmoil,” he said.
Washington's is in the grips of an enormous crisis in its financial markets, the likes of which have not been seen in generations and it is impacting global money markets, triggering a domino effect of bankruptcies, forced mergers and radical socialist-style government nationalizations and interventions in the banking sector that began with Washington's unprecedented USD 850b financial bailout plan.
"The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s," the International Monetary Fund said in its latest report.
In a Friday statement, US President George W. Bush said he is willing to play a 'special role' to restore stability in global markets as the Dow Jones Industrial Average capped its worst week since 1914 after falling some 700 points upon opening Friday.
Ahmadinejad urged the nations of the world to remain vigilant in the face of hegemonic efforts to plunder their national resources.
He explained that years of US pressure has provided the Islamic Republic a great opportunity to excel in various fields of science, technology, business and agriculture.