Iranian President Mahmoud Ahmadinejad said there is a collapse of the “US empire” on the way because of a combination of massive debt and its loss of legitimacy within the international community, according to Iran’s official news agency, IRNA.
“How long can a government with a $16 trillion foreign debt remain a world power?” Ahmadinejad asked at a press conference with Kuwaiti media personnel. “The Americans have injected their paper wealth into the world economy and today the aftermaths and negative effects of their pseudo-wealth have plagued them.”
He went on, “An empire, or a government, remains in power so long as the people under its power support it, but today the Americans have acted in a way that the world nations do not like them at all, and therefore, their international legitimacy is annihilated.”
Ahmadinejad also downplayed the effects that Western sanctions have had on the nation. However, riots broke out in Tehran earlier this month when the nation’s currency lost two-thirds of its value against the dollar, thus sparking inflation.