The End of American Power? Washington has Lost All Credibility

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Paul Craig Roberts
November 5, 2013
06:26

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The End of American Power? Washington has Lost All Credibility
by grtv

The Leader of Iran's Islamic Revolution says the United States has lost its political and military power and turned into a country grappling with its biggest economic and financial problems. He was addressing a group of school and university students on the occasion of Student Day in Iran.

Ayatollah Seyyed Ali Khamenei said the U-S is suffering from political problems and divisions which led to the recent shutdown of the federal government. The leader noted that Iran's current economic hardships pale in comparison with those of the US administration. He said US officials made projections some 11 years ago about having 14-thousand billion dollars in extra revenues by 2011 or 2012, and that now, in practice, they are suffering from a huge 17-thousand billion dollar deficit. He added that this alone shows America's true economic situation and the inaccuracy of their official calculations.

Ayatollah Khamenei also made mention of deep divisions among Washington's allies, saying that the U-S has failed to convince even its closest partners like France or Britain to back its decision on launching a strike against Syria.

For more on this issue, PressTV speaks with political analyst Paul Craig Roberts.

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