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Arrogant powers are unable to carry out an analysis of the ongoing situation in the world and portray a clear image of what is happening. This is the reason that they face an impasse in every political, security, military, social and economic field that they enter in: Ahmadinejad.

November 15, 2010 (Hamsayeh.Net) - The Iranian President Mahmoud Ahmadinejad said that current global system based on an unfettered corrupt capitalism has reached a dead end and it no longer can serve the changing political, social and economical climate around the world.

Ahmadinejad delivered a speech during the opening ceremony of a large industrial plant in the city of Shahr-e-Kord on Monday, in which he said the current materialistic system has reached an impasse. 'Arrogant powers are unable to carry out an analysis of the ongoing situation in the world and portray a clear image of what is happening [in the world]. This is the reason that they face an impasse in every political, security, military, social and economic field that they enter in,' he said as quoted by IRIB. 

Ahmadinejad noted that Western capitalism is deep in crisis and its  only solution is to begin respecting human rights and put in practice true justice, dignity as well as recognition of truth. 'Arrogant powers are unable to carry out an analysis of the ongoing situation in the world and portray a clear image of what is happening. This is the reason that they face an impasse in every political, security, military, social and economic field that they enter in,' said Ahmadinejad.  

'If they choose this way, they will have an opportunity to survive and make up for their past. Otherwise, they will be removed from the scene of human interactions,' he added. 

With the ongoing social, environmental and economic crises gripping the industrialized economies notably the US and Europe, it is more obvious than ever that the post World War II global system has reached its ultimate demise. This could explains the reason that US Federal Reserve's only option at this time is to print money out of thin air as final solution in order to pay for its historic debt to debtor countries. Massive long-term unemployment, sudden homelessness violent crises now gripping the western industrial nations are direct result of the US-led capitalism, which has been gradually deteriorating following the WWII. 

US Federal Reserve's only option at this time is to print money out of thin air as final solution in order to pay for its historic debt to debtor countries.