U.S. Decline and Ruin Are Inevitability of History: KCNA White Paper

Pyongyang, July 11 (KCNA) -- The Korean Central News Agency released white paper "Decline and Ruin of the U.S. Are Inevitability of History".
    Since the demise of the Cold War era, the U.S., obsessed by the ambition for building a uni-polar world, ignited wars in different parts of the world without hesitation and stained the world arena with high-handed practices and unilateral policies, the white paper said, and went on:
    When Bush doctrine reached the extremes, not a few conservative scholars and politicians of the U.S. let loose such sophism as "American-style peace" and "American empire" in a bid to build public opinion.
    The U.S. administration openly said that the future U.S. will be related to Asia-Pacific and the future Asia-Pacific depends on the U.S. and that no other country will be able to dominate Asia-Pacific, openly disclosing its hegemonic scenario for the region.
    This met an immediate strong rebuff of regional countries and proved to be total bankrupt.
    Referring to the U.S. new strategy, foreign media said that differences exist not only in U.S. Congress but in the Democratic Party over Obama's strategic plan and its implementation. Obama's strategy has faced three challenges called "imbalance of resources", "imbalance of energy" and "imbalance of power," they added.
    The U.S. hegemonic position is sinking in different parts of the world.
    The Russian magazine Expert said that the U.S. military edge will be contained and disappear in the end due to the regional conflict in which this country is locked, adding that the U.S. is being restricted in the sphere of its action where he employed all possible means such as alliance, division, estrangement and engagement over geo-political issues. The U.S. obviously lacks of power.
    The U.S. is at its wits' end over the civil war sweeping Iraq.
    As for the issue of Afghanistan, the U.S. is also finding itself in a quagmire.
    The U.S. is in a weak position in the all-out confrontation with Russia over the issue of Ukraine. The U.S. is wielding a sanctions stick against Russia but is proving to be counterproductive as the latter is maintaining its hard-line stand not to compromise over its national interests even a bit.
    China and India are opposed to the sanctions.
    The U.S. is hard hit, isolated and rejected worldwide amid the anti-American spirit mounting worldwide. The U.S. is also out of favor with its allies.
    All facts go to prove that the U.S. is paying a high price for its wars and interventions worldwide and that its position as the "super power" remains in its name only.
    The U.S. has long regarded dollars as one of twin pillars supporting its ambition for world domination along with its nuclear weapons.
    The U.S. economy relying on dollars is on the verge of a slump.
    The financial crisis that hit the U.S. in 2008 is precipitating its economic doom.
    As regards this economic situation, the international credit estimation organization lowered the U.S. credit grade for the first time in 70 years.
    Foreign media warns this is a big blow at the "heart" of the U.S. economy and that the U.S. economy will face the "second recession", adding that now is the time for the U.S. to repent of its hegemonic way of thinking and actions as it is driven into a tight corner in terms of economy.
    Its state debt and budgetary deficit are out of control now.
    Due to serious financial shortage, the U.S. government is undergoing unprecedented difficulties and evil cycle of financial bankruptcy, federal government's automatic expenditure cutback, government shutdown and default on debts. The value of the U.S. dollar is sharply sinking.
    The U.S. dollar has faced its third crisis in the 21st century.
    So the present international financial system based on the U.S. dollar is rapidly collapsing.
    Russia is directing big efforts to expanding the scope of use of ruble.
    Last year an agreement on exchange of currency was concluded between the Chinese People's Bank and the European Central Bank.
    To counter the U.S. persistent financial sanctions the Iranian government declared that it would stop the oil dealing by the U.S. dollar and from 2012 it is receiving part of the funds for oil exports in national currency of relevant countries.
    BRICS, a multi-national cooperative body made up of Brazil, Russia, India, China and South Africa put up the slogan of building more equal and fair world, and is exerting positive efforts to this end.
    ALBA nations of Latin America officially use their common currency Sukre as currency for trade among its member nations and it is expected that all countries in the continent will introduce the currency in the future.
    Five countries in the western area of the African continent decided to use common currency for the establishment of Western African currency zone and the member nations of the South Africa Development Community announced a plan to set up a single currency by 2018.
    Besides this, oil producing countries in the Gulf region discussed the introduction of single currency in the Mid-east. Efforts are being made in different parts of the world to introduce single currency.
    This trend of multi-polarization in the financial field would destroy the U.S.-led international economic system affected by pressure and arbitrary practices and lead to the establishment of a new order based on justice, equality and democracy.
    Gone are the days when the U.S. swayed over the world economy by brandishing dollars and the dollar empire is sure to collapse any time.
    The U.S. is on the verge of ruin due to the fin de siecle lifestyle in the material life as well as mental and cultural life.
    The U.S. capitalists are widely spreading reactionary ideology and culture and corrupt bourgeois lifestyle to benumb the independent awareness of the toiling masses and make them slave of money subservient to them.
    The U.S. is systematically training criminals at "gangsters university" and "pickpockets school" unprecedented in history.
    All kinds of crimes like gun-related crimes and drug crimes are everyday occurrences among Americans who are corrupt in their mental and cultural life.
    Gun-related crimes have become an incurable disease.
    Drug-related crimes have become another headache in the U.S.
    The education in the U.S. is all the more deplorable.
    Anti-Wall Street demonstration that took place in 2011 is the largest-ever anti-capitalist struggle in the U.S. history, an inevitable product of the extremely acute social and class contradictions.
    All facts go to clearly prove that the collapse of "American empire" is becoming a reality. -0-