Ahmadinejad: 'American empire' nearing its end

(CNN) -- In a blistering speech before the United Nations General Assembly, Iranian President Mahmoud Ahmadinejad blamed "a few bullying powers" for creating the world's problems and said the "American empire in the world is reaching the end of its road."

At the United Nations, Mahmoud Ahmadinejad said countries are turning their backs on "bullying powers."

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And while he insisted Iran's nuclear activities are peaceful, Ahmadinejad blamed the same powers for seeking to hinder it "by exerting political and economic pressures on Iran, and threatening and pressuring" the International Atomic Energy Agency.

Those powers, meanwhile, are building or maintaining nuclear stockpiles themselves, unchecked by anyone, he said.

As Ahmadinejad spoke, the only person at the United States table was a note-taker; no U.S. diplomat was present. When President Bush spoke earlier Tuesday, however, Ahmadinejad was in the room.

"As long as the aggressors, because of their financial, political and propaganda powers, not only escape punishment, but even claim righteousness, and as long as wars are started and nations are enslaved in order to win votes in elections, not only will the problems of the global community remain unsolved, but they will be increasingly exacerbated," the Iranian leader said.

Full Text of his speech