President Ahmadinejad unveils a five-volume set containing 'Documents

on the Allied Occupation of Iran during World War II.' According to him,

there's a 'hidden hand' behind the economic crisis in the West.



Kayhan, Islamic Republic of Iran

Ahmadinejad Sees 'Hidden Hand' Behind Western Economic Crisis


Is the burgeoning economic crisis a way for the United States and the West to export their economic problems to other countries? According to this news item from Iran's Kayhan, Iranian President Mahmoud Ahmadinejad asserts that while the economic crisis is real, it is being engineered to force blameless countries to pick up the tab.


August 10, 2011


Islamic Republic of Iran - Kayhan - Home Page (English)

On Tuesday, President Mahmoud Ahmadinejad blasted U.S. and Zionist dominance over oil and financial markets and the flow of money around the world, and called on the international community to establish rival markets.


Addressing a ceremony to announce a new oil minister, Ahmadinejad underlined the significance of undermining U.S. dominance over the global financial system with parallel stock markets.


"As along as we fail to take proper measures in this regard, oil money will systematically find its way into the pockets of Americans, precisely the process we see with regard to the dominance of the dollar," he said. Ahmadinejad pointed out that oil prices are not determined based on supply and demand, but on political factors. "We should create a rival oil bourse and oil market and break the dominance of the dollar."


According to the president, "hidden hands" are behind the economic crisis that has ravaged most Western countries.


"Of course, an economic crisis is occurring in the West, but I think that part of the crisis is directed," Ahmadinejad said. "The money on markets in Western nations doesn't belong to them, but to those who live subsumed beneath their colonialism," he added.


In July, President Ahmadinejad pointed to the economic crisis in the West, and warned that the hegemonic powers are trying to project their problems on other nation. He said at the time, "In the economic sector, the system of hegemony is in trouble, so is trying to export problems to the other countries."



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The president also called for the nationalization of Iran's oil industry to be completed. He said that the mission of the Islamic Republic is, "to complete the last links of the chain in the nationalization of the oil industry," since today, a considerable amount of oil revenue lands in the hands of foreigners, even 60 years after Iran nationalized its oil fields.


In 951, when Prime Minister Mohammad Mosaddegh assumed power, his first order of business was to enforce the Oil Nationalization Bill, which ended British hegemony over Iran's oil industry.   



Last Wednesday, President Ahmadinejad introduced former Revolutionary Guard Commander Rostam Qasemi as his oil minister designee to the Majlis for a vote of confidence. He said that decades after nationalization of the oil industry, some two-thirds of Iran's oil revenue goes to the pockets of foreigners who exploit the nation's energy resources.


Ahmadinejad also called for the indigenous development of oil industry technology and know-how, urging industry experts to exert themselves to localize relevant knowledge. He also remarked that global oil prices, determined as they are by hegemonic states that desire cheap oil to produce costly products, are unreasonable.


Oil nationalization during the 1950s is regarded as a turning point in Iran's contemporary political history. Following nationalization, the U.S. and Britain slapped Tehran with global sanctions, which eventually saw Prime Minister  Mosaddegh ousted in a U.S. coup against his government.


Iran is the first country in the Middle East that has proclaimed oil industry nationalization.

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[Posted by WORLDMEETS.US Aug. 10, 5:11pm]



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