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Former Goldman Sachs Analyst Charles Nenner Joins Marc Faber and Gerald Celente in Predicting Major War
I noted in 2009:
The claim that America would launch more wars to the help the economy is outrageous, right?
Certainly.
But leading economist Marc Faber has repeatedly said that the American government will start new wars in response to the economic crisis:
Is Faber crazy?
Maybe. But top trend forecaster Gerald Calente agrees.
As Antiwar's Justin Raimondo writes:
As Gerald Celente, one of the few economic forecasters who predicted the ‘08 crash, put it the other day, "Governments seem to be emboldened by their failures." What the late Gen. William E. Odom trenchantly described as "the worst strategic disaster in American military history" – the invasion of Iraq – is being followed up by a far larger military operation, one that will burden us for many years to come. This certainly seems like evidence in support of the Celente thesis, and the man who predicted the 1987 stock market crash, the fall of the Soviet Union, the dot-com bust, the gold bull market, the 2001 recession, the real estate bubble, the “Panic of ‘08,” and now is talking about the inevitable popping of the "bailout bubble," has more bad news:
"Given the pattern of governments to parlay egregious failures into mega-failures, the classic trend they follow, when all else fails, is to take their nation to war."
As the economic crisis escalates and the debt-based central banking system shows it can no longer re-inflate the bubble by creating assets out of thin air, an economic and political rationale for war is easy to come by; for if the Keynesian doctrine that government spending is the only way to lift us out of an economic depression is true, then surely military expenditures are the quickest way to inject "life" into a failing system. This doesn’t work, economically, since the crisis is only maksed by the wartime atmosphere of emergency and "temporary" privation. Politically, however, it is a lifesaver for our ruling elite, which is at pains to deflect blame away from itself and on to some "foreign" target.
It’s the oldest trick in the book, and it’s being played out right before our eyes, as the U.S. prepares to send even more troops to the Afghan front and is threatening Iran with draconian economic sanctions, a step or two away from outright war.
A looming economic depression and the horrific prospect of another major war – the worst-case scenario seems to be unfolding, like a recurring nightmare ...
Forecaster Celente has identified several bubbles, the latest being the "bailout bubble," slated to pop at any time, yet there may be another bubble to follow what Celente calls "the mother of all bubbles," one that will implode with a resounding crash heard ’round the world – the bubble of empire.
Our current foreign policy of global hegemonism and unbridled aggression is simply not sustainable, not when we are on the verge of becoming what we used to call a Third World country, one that is bankrupt and faces the prospect of a radical lowering of living standards. Unless, of course, the "crisis" atmosphere can be sustained almost indefinitely.
George W. Bush had 9/11 to fall back on, but that song is getting older every time they play it. Our new president needs to come up with an equivalent, one that will divert our attention away from Goldman Sachs and toward some overseas enemy who is somehow to be held responsible for our present predicament.
It is said that FDR’s New Deal didn’t get us out of the Great Depression, but World War II did. The truth is that, in wartime, when people are expected to sacrifice for the duration of the "emergency," economic problems are anesthetized out of existence by liberal doses of nationalist chest-beating and moral righteousness. Shortages and plunging living standards were masked by a wartime rationing system and greatly lowered expectations. And just as World War II inured us to the economic ravages wrought by our thieving elites, so World War III will provide plenty of cover for a virtual takeover of all industry by the government and the demonization of all political opposition as "terrorist".
An impossible science-fictional scenario? Or a reasonable projection of present trends? Celente, whose record of predictions is impressive, to say the least, sees war with Iran as the equivalent of World War III, with economic, social, and political consequences that will send what is left of our empire into a tailspin. This is the popping of the "hyperpower" bubble, the conceit that we – the last superpower left standing – will somehow defy history and common sense and avoid the fate of all empires: decline and fall.
I certainly hope Faber and Calente are wrong. But they are both very smart guys who have been right on many of their forecasts for decades. Even when their predictions have been viewed as extremely controversial at the time, many of them have turned out to be right.
Yesterday, former Goldman Sachs technical analyst Charles Nenner - who has made some big accurate calls, and counts major hedge funds, banks, brokerage houses, and high net worth individuals as clients. - told Fox News that there will be “a major war starting at the end of 2012 to 2013”, which will drive the Dow to 5,000.
Therefore, says Nenner:
I told my clients and pension funds and big firms and hedge funds to almost go out of the market, almost totally out of the market.
As I have repeatedly documented, influential Americans are lobbying for war in order to save the American economy - what is often called "military Keynesianism". But as many economists have shown, war is - contrary to commonly-accepted myth - actually bad for the economy.
Of course, someone other than the U.S. might start a war.
Given that bad economic policies are leading to unrest globally, it is impossible to predict where a spark might land which leads to a wider conflagration.
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I was tempted to just junk you and move on, but I thought I'd offer my response. I can follow your train of thought regarding the last war and current conditions in America, but who would the coming war be against? And why do you suppose these Jewish interests would be in favor of a massive war when they are still psychologically crippled from the holocaust?
I am now a firm believer in the Reggie Middleton theory.
Do the opposite of whatever Goldman or ex-Goldmanite recommends.
Nenner says get out. I say "buy the dip".
Oh I see, that's a Creggie theory?
I think I remember TD explaining this back in 2009.
Creggie does take credit for things he sees on ZH. I've seen it before. Sad.
!?
FACT: Rothschilds make a shitload out of war, witness WW1,WW2, Korean, Vietnam, Gulf etc.They do this by supplying both sides with munitions etc.
FACT: Via their proxy, JPM (The retail face of the rothschilds majority owned USFED/NYFED)they have massive positions in the copper and sugar market etc.
FACT: They will squeeze americans until the fat people can't sing anymore, and will either infight, or meekly agree to a global war.
FACT: It will be your sons and daughters, not theirs, who will be exposed to live fire and most likely death in the coming war. Remember, you're not fighting for liberty, you're fighting to increase the banksters coffers.
Congress cried tears of fiscal joy, when the australian PM addressed them recently, because she's doing such good work down there, introducing the Goldman Sachs ponzi carbon trading scheme, and the internet filter, which will shut off exposure to any dissenting sites, such as ZH.
And the thing which had them on their feet for fifteen minutes was her statement " Like us you,you can and must borrow your way to prosperity". Tears flowed from both sides at the simple truth.
My red headed Rangy is such a whizzz with money.
Chickens- roost - debt - and all that minor inconvenience.
Vanuatu sure looks good from here. At least the Pigs get eaten over there.
We have been putting off confronting so many problems for so long that various disasters are now inevitable. And the problems start at home, not overseas. When federal and state workers have better salaries and benefits than employees in the commercial sector, watch out. That's not sustainable.
I've been enjoying your .. er .. phrase in discussions with folks. (what was I think.. er ..)
Kinda' drives me, .. er.. them crazy.
- Ned
{I'm sure hoping that it is the softest of denim}
I can can smell the winds of war in the air... Especially after the jittery and fragile-ness of the markets demonstrated today.
S&P below 1300, Katy bar the door!... Or was that, meet Katy at the bar door? Oh well... Something like that...
"These days I hear a lot: 'What if the Fed stops in June/July?' Well everybody knows it, so it's a question that doesn't have any validity"
Er...
'what is often called "military Keynesianism". ' or the military analogue to the broken window theory of economic growth....yes economic fucktards rule the military industrial complex....
banksters govern us and when they want war, they get war.....it takes several months / years to ramp up for a major war, but the mic love war as it "solves" so many problems....the neocons want to occupy the whole of the middle east....
so, can the tsa / fema / dhls complex shoot usa citizens while the military shoots arabs?
when will this rot crater in and destroy itself?
The west has been preparing for this shit since the end of the last one. The rest are way behind the curve, but China is catching up fast. Maybe it's time to act now before they build up enough hardware and strategic oil reserves.
yeah, but it's an easy way to wipe the debt slate clean. Heck just send the debters to war, if they die, they die
Send the CREDITORS to war, we get to keep what we got fo' free, the Oabama promise finally comes true. Sure, daddies dead, but WTF, Free Stuuf!!
Send the CREDITORS to war, we get to keep what we got fo' free, the Oabama promise finally comes true. Sure, daddies dead, but WTF, Free Stuuf!!
nuke wisconsin, you know you want to., what better war than between americans, you get teh benefit of doing the bombing and reaping the rebuilding after total devestation.
haliburrton can make money both ways blowing things up and rebuilding , you know it makes sense.
Nuke Wisconsin? No need to ruin the rest of the state on account of some loonies in Madison.
goosie:
"haliburrton can make money both ways..."
Yep, but ya gotta add in SHAW, you know, the other "no bid" outfit.
{
HQ := 'Baton Rouge';
CEO := 'Chairman of the LA Democrat Party';
No_Bid_Enabled := True;
Hurricane_Machine_Keys_In_Possession := True;
Cheney_Influence := False;
}
- Ned
Why does everyone overlook the possibility that the aforementioned said war may be right under our noses?
I wouldn't discount a civil war right here in the USA. The people in Illinois, California and New Jersey are already at war with Texas. How fun would it be to see Texas crude shut off to those states? (assumption that they even send it there)
In WWII the French had snails. In WWIII the Californians have smelt. Couldn't happen to a "nicer" group of citizens.
Civil war is going to revisit the American Empire, you can bank on it. Where I'm at in the Pacific NW, we have timber products, hydroelectricity, and gold mines, to name a few. When the smoke clears, hopefully the new states that arise will be willing to cooperate on trade issues, even if it amounts to simple barter..
if you havnt seen "the power of nightmars" take a look. powerful bbc documentary on the war on terror.
http://nakedempire.wordpress.com/
Wow... I only watched the first BBC segment, and even trying to be a cynical as possible (it is the BBC after all), I still feel a bit of rage about the nightmares I had as a kid, dreaming of getting nuked because my pops was stationed at SAC bases. And all those great propaganda movies. I use to love Red Dawn... now...
Thanks a lot man... I could have gone my whole life without seeing my delusional sense of nationalism for what it is/was... The more I peel the onion on my dillusionment, the more angry I get. Wait, I probably shouldn't say I'm angry on the web anywhere, angry people are the new terrorist you know.
And the part in the film about linking the "commies" to all the "revolutionaries" around the world... When the CIA is telling these yahoos that the rebels are just angry at their governments, and have no ties to Russia. Priceless.
Meh, I give... Who is John Galt.
Yep, war used to work for us.
When we actually made things the world bought.
All we do now is cannibalize what little productive economy we have left.
On a good note, another "war" with printed funny money will lower unemployment when the draft starts again.
Sheep say, "baaa! bomb! baaa!"
Wanna know what would really work to "fix" this mess? Kill off half the country via epidemic or the like. Look at how rich the survivors would be!
We are a world of fools being driven around by evil idiots.
Catabolic collapse is a bitch.
Why the US and UK were powerful? Energy.
Don't even try coming with Max Weber and protestant ethic as an explanation. British had coal, Americans had oil. When the US reached its first peak oil in the seventies, suddenly boom, hi Rust Belt. Alaska and North Sea saved the day for a while, but now there's nowhere left to run.
Yeah, I'm a bit confused about this as well. Is deficit spending of $2 trillion a year isn't helping us now, how will more war spending help us?
Price and wage controls? Capital controls? Forcing all 401ks and retirement assets into war bonds?
It wouldn't be about fixing anything. It would be an asset strip and propaganda game. Can't honestly believe that the leaders of most any nation give a damn about their citizens well being.
bring back the draft!!!
(god i hope my neighbor's smartass prick son gets drafted!)
We have a draft. The military gets the benefits of a jobless private sector for our young graduates. It is a draft by default, and the military is loving it.
Draft by default? You are very right....how sad.
You know they are kicking around putting women into combat positions. Wonder if the next draft will be more gender equal and send women off as well as men to a meat grinder to die for someone else's pocket book? Gender equality and all.
I've thought before that the safest way to assure we do not reinstate the draft is to recognize woman in frontline combat positions with their male counterparts. I cannot imagine the over-50 white american males (sorry- not meaning to slur the cool among you!) supporting any law requiring their daughters be drafted into the front line. Inequality at its most ludicrous: allowing women, solely because of their gender, an out from the war brutalities handed to our men .
"kicking around putting women into combat positions."
I don't think jewish guys will sign up for the draft and the MIC won't protest because you certainly don't want to put your chosen few in harms way.
You're funny. I like your sense of humor.
She's serious.
Very anti-semetic.
Tragic.
It must be hard to have to live with all that pent up hatred. Does it really make sense to hate someone for being born a certain race? It must be their fault that they have Jewish parents. Like they (or anyone for that matter) had a choice in who thier parents were. Get a life.
China’s strategic oil reserve is reportedly only 10 – 15 days. No idea if it’s true but how desperate will they be if there is a stoppage? This is what caused the Japanese to attack the USD in 41.
http://www.alsosprachanalyst.com/economy/chinas-strategic-petroleum-reserve-enough-for-10-15-days-only.html
value has to be stored somehow - PMs are as good a bet or better than most.
Popcorn ready yet?
Yep.. you are correct. However if times get to the point that our Gold and silver trumps the dollar , food and basic needs for health care such as antibiotics etc: will trump even silver and gold. this thread about war as the only solution to our problems is rather disturbing.No one ever wins a war because peace is the time we all use to reload our guns.. war is perpetually at our door. If i am not mistaken , Gold was of great importance to the Germans in WWII. Gold did not deliver them from their fate, nor will it deliver us or others from the future of stupid greedy men.
Did someone say, "anti-biotics"??? Black market medicine is my specialty.
Don't mess with black market pharmas when your local chicken doctor can prescribe veterenary grade stuff, only slightly below USDA human quality and mucho cheaper. Tell him your pet chimp needs some Keflex or Ceclor. Bread mold byproducts are so 1950, we need today's drug tech- broad-spectrum, high power. Ya don't wanna appear to be some diseased Luddite, or have one of your peeps or posse in less than top notch medical treatment.
What you need for the clap, I don't know.
Cipro.
Hook me up with 500 tabs of penicillin and throw in some novacaine. Im thinking of going to Tijuana to get it. Im kind of leary since hearing about that head hanging from the bridge there.
If multiple nukes are detonated, I don't think gold is gonna be a ton of help.
What if a person owns a ton of gold?
hmm how about a tonne of irridiated gold!!! Extra value added!
After a nuke exchange I would rather own gold than have FRN's that's for sure.
Uncle Sam has new emergency currency already printed up, so the government can continue. That's where those gasoline ration coupons came from during the first Arab embargo. They had been printed and were stored in trailers on Army bases, prestaged around the states.
The probably have a special edition for post nuke-strike conditions, ie special proganda on them. I hope I never see them, or, do I hope to get to see them if...?
ditto
I will give you some iodine for your thyroid, please give me your gold....this will be a fair trade, Hell I will even throw in a can of tuna fish!
Remember that Twilight Zone episode?
One drink of water--two gold bars.
I loved that episode. They went 100-years into the future and gold was worthless.