Iran says capitalism on verge of collapse

Iran says capitalism on verge of collapse

www.reuters.com

TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad told regional leaders on Wednesday that the capitalist system was close to collapse.

Opening a one-day summit of the 10-nation Economic Cooperation Organization (ECO) including Turkey, Pakistan and other neighbors, he also suggested a single currency should be used in trade between members.

"After the collapse of the closed socialist economy, the capitalist economy is also on the verge of collapse," Ahmadinejad said in a speech.

"The liberal economy and the free market have failed," he said, pointing to the use of "thousands of billions of dollars" to bail out Western banks and companies.

(visit the link for the full news article)

Based on Ahmadinejad other predictions, this means that the collapse may not occur for another 5-10 years, if ever. I've been spending a lot of time lately trying to conceptualize the nature of the positive signals coming from Washington an Wall Street regarding the recovery of the economy:

Is this a false start? Do these gains mean that the economy has gotten a fresh pair of legs? Is this just the heaving of a corpse.

By Ahmadinejad, the cheerleader for the forces which work against the Western model, standing up and speaking, I now have reason to believe the moves being made by players and policy makers all over the world beginning to show progress.



www.reuters.com
(visit the link for the full news article)

Is it me or is Ahmedinejad suggesting a One Currency system?

This is no different from what everyone's saying in other countries... a depression is coming.

Iran is also capitalist. They're referring to the world economy as a whole, including themselves.



But I guess it's news because someone in Iran said it right?...

The same message is being heralded all over the globe. The world economy is stumbling. We all know this... and many are saying they want a common currency between nations.

I don't agree with the common currency myself... that would drag all countries down in the future if one collapses. It leaves no options for cutting ties and sheltering yourself from an economic storm.


All in all, this is the same speech being given worldwide.

So what exactly is Iran's economy?
Isn't it capitalist as well?
So he means his own economy as well?

"The process of obtaining one single currency in the trade and exchanges among members, and in the next stages with other countries and neighbors, should be designed," he said.

NWO Ammadinnajad?

[edit on 11-3-2009 by CaptainCaveMan]

What makes the president of Iran so offensive is that he's the type of person who will happily ruin his own country to destroy another. He extols a philosophy which requires all others to fail.

The crisis the world is facing is now at the point where it must either collapse or recover, the suspense is nearly over. Banks can't reasonably go much lower and businesses and governments will either fail or survive. It's time to deliver up some economic and financial End Times or get back to work.

Iran's presidents speech is a motivational session for all the people who have bet their fortunes and reputations on the collapse of the Western model, but have found that it doesn't appear possible to destroy the West without destroying the whole planet.

If, as I suspect it will, the world economy begins its recovery this Spring, Iran's president can kiss his political career good-bye. Israel is still there, the West is still running, Oil is cheap and Iran is surrounded by NATO. Good job, Ahmadinejad; your a gem!