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Top Financial Experts Say World War 3 Is Coming … Unless We Stop It
Nouriel Roubini, Kyle Bass, Hugo Salinas Price, Charles Nenner, James Dines, Jim Rogers, David Stockman, Marc Faber, Jim Rickards, Paul Craig Roberts, Martin Armstrong, Larry Edelson, Gerald Celente and Others Warn of Wider War
Paul Craig Roberts - former Assistant Secretary of the Treasury under President Reagan, former editor of the Wall Street Journal, listed by Who’s Who in America as one of the 1,000 most influential political thinkers in the world, PhD economist - wrote an article yesterday about the build up of hostilities between the U.S. and Russia titled, simply: "War Is Coming". In the article, Roberts notes:
As reported by Tyler Durden of Zero Hedge, the Russian response to the extra-legal ruling of a corrupt court in the Netherlands, which had no jurisdiction over the case on which it ruled, awarding $50 billion dollars from the Russian government to shareholders of Yukos, a corrupt entity that was looting Russia and evading taxes, is telling. Asked what Russia would do about the ruling, an advisor to President Putin replied, “There is a war coming in Europe.” Do you really think this ruling matters?”
In January, well-known economist Nouriel Roubini tweeted from the gathering of the rich and powerful at the World Economic Forum in Davos:
Many speakers compare 2014 to 1914 when WWI broke out & no one expected it. A black swan in the form of a war between China & Japan?
And:
Both Abe and an influential Chinese analyst don't rule out a military confrontation between China and Japan. Memories of 1914?
Billionaire hedge fund manager Kyle Bass writes:
Trillions of dollars of debts will be restructured and millions of financially prudent savers will lose large percentages of their real purchasing power at exactly the wrong time in their lives. Again, the world will not end, but the social fabric of the profligate nations will be stretched and in some cases torn. Sadly, looking back through economic history, all too often war is the manifestation of simple economic entropy played to its logical conclusion. We believe that war is an inevitable consequence of the current global economic situation.
Reagan's head of the Office of Management and Budget - David Stockman - is posting pieces warning of the dispute between the U.S. and Russia leading to World War 3.
Investment adviser Larry Edelson wrote an email to subscribers entitled “What the “Cycles of War” are saying for 2013″, which states:
Since the 1980s, I’ve been studying the so-called “cycles of war” — the natural rhythms that predispose societies to descend into chaos, into hatred, into civil and even international war.
I’m certainly not the first person to examine these very distinctive patterns in history. There have been many before me, notably, Raymond Wheeler, who published the most authoritative chronicle of war ever, covering a period of 2,600 years of data.
However, there are very few people who are willing to even discuss the issue right now. And based on what I’m seeing, the implications could be absolutely huge ....
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 – says there will be “a major war”, which will drive the Dow to 5,000.
Veteran investor adviser James Dines forecast a war is epochal as World Wars I and II, starting in the Middle East.
Economist and investment manager Marc Faber says that the American government will start new wars in response to the economic crisis:
Martin Armstrong - who has managed multi-billion dollar sovereign investment funds - wrote in August:
Our greatest problem is the bureaucracy wants a war. This will distract everyone from the NSA and justify what they have been doing. They need a distraction for the economic decline that is coming.
Armstrong wrote a piece yesterday entitled, "Why We will Go to War with Russia", and another one today saying, "Prepare for World War III".
Bad Economic Theories
What's causing the slide towards war? We discuss several causes below.
Initially, believe it or not, one cause is that many influential economists and talking heads hold the discredited belief that war is good for the economy.
Therefore, many are overtly or more subtly pushing for war.
Challengers Give Declining Empires "Itchy Fingers"
Moreover, historians say that declining empires tend to attack their rising rivals ... so the risk of world war is rising because the U.S. feels threatened by the rising empire of China.
The U.S. government considers economic rivalry to be a basis for war. Therefore, the U.S. is systematically using the military to contain China’s growing economic influence.
Competition for Resources Is Heating Up
In addition, it is well-established that competition for scarce resources often leads to war. For example, Oxford University's Quarterly Journal of Economics notes:
In his classic, A Study of War, Wright (1942) devotes a chapter to the relationship between war and resources. Another classic reference, Statistics of Deadly Quarrels by Richardson (1960),extensively discusses economic causes of war, including the control of “sources of essential commodities.”A large literature pioneered by Homer-Dixon (1991, 1999) argues that scarcity of various environmental resources is a major cause of conflict and resource wars (see Toset, Gleditsch, and Hegre 2000, for empirical evidence).
***
In the War of the Pacific (1879–1884), Chile fought against a defensive alliance of Bolivia and Peru for the control of guano [i.e. bird poop; insert joke here] mineral deposits. The war was precipitated by the rise in the value of the deposits due to their extensive use in agriculture.
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Westing (1986) argues that many of the wars in the twentieth century had an important resource dimension. As examples he cites the Algerian War of Independence (1954–1962), the Six Day War (1967), and the Chaco War (1932–1935). More recently, Saddam Hussein’s invasion of Kuwait in 1990 was a result of the dispute over the Rumaila oil field. In Resource Wars (2001), Klare argues that following the end of the Cold War, control of valuable natural resources has become increasingly important, and these resources will become a primary motivation for wars in the future.
Former Federal Reserve chairman Alan Greenspan (and many world leaders) admitted that the Iraq war was really about oil, and former Treasury Secretary Paul O’Neill says that Bush planned the Iraq war before 9/11. And see this and this. Libya, Syria, Iran and Russia are all oil-producing countries as well ...
Indeed, we've extensively documented that the wars in the Middle East and North Africa are largely about oil and gas. The war in Gaza may be no exception. And see this. And Ukraine may largely be about gas as well.
And James Quinn and Charles Hugh Smith say we're running out of all sorts of resources ... which will lead to war.
Central Banking and Currency Wars
We’re in the middle of a global currency war – i.e. a situation where nations all compete to devalue their currencies the most in order to boost exports. Brazilian president Rousseff said in 2010:
The last time there was a series of competitive devaluations … it ended in world war two.
Jim Rickards agrees:
Currency wars lead to trade wars, which often lead to hot wars. In 2009, Rickards participated in the Pentagon’s first-ever “financial” war games. While expressing confidence in America’s ability to defeat any other nation-state in battle, Rickards says the U.S. could get dragged into “asymmetric warfare,” if currency wars lead to rising inflation and global economic uncertainty.
As does billionaire investor Jim Rogers:
Trade wars always lead to wars.
Given that China, Russia, India, Brazil and South Africa have just joined together to create a $100 billion bank based in China, and that more and more trades are being settled in Yuan or Rubles - instead of dollars - the currency war is hotting up.
Multi-billionaire investor Hugo Salinas Price says:
What happened to [Libya's] Mr. Gaddafi, many speculate the real reason he was ousted was that he was planning an all-African currency for conducting trade. The same thing happened to him that happened to Saddam because the US doesn’t want any solid competing currency out there vs the dollar. You know Gaddafi was talking about a gold dinar.
Indeed, senior CNBC editor John Carney noted:
Is this the first time a revolutionary group has created a central bank while it is still in the midst of fighting the entrenched political power? It certainly seems to indicate how extraordinarily powerful central bankers have become in our era.
Robert Wenzel of Economic Policy Journal thinks the central banking initiative reveals that foreign powers may have a strong influence over the rebels.
This suggests we have a bit more than a ragtag bunch of rebels running around and that there are some pretty sophisticated influences. “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,” Wenzel writes.
Indeed, some say that recent wars have really been about bringing all countries into the fold of Western central banking.
Finally, trend forecaster Gerald Celente - who has been making some accurate financial and geopolitical predictions for decades - says WW3 will start soon.
Debt
Martin Armstrong argued that war plans against Syria are really about debt and spending:
The Syrian mess seems to have people lining up on Capital Hill when sources there say the phone calls coming in are overwhelmingly against any action. The politicians are ignoring the people entirely. This suggests there is indeed a secret agenda to achieve a goal outside the discussion box. That is most like the debt problem and a war is necessary to relief the pressure to curtail spending.
The same logic applies to Ukraine and other countries.
Billionaire investor Jim Rogers notes:
A continuation of bailouts in Europe could ultimately spark another world war, says international investor Jim Rogers.
***
“Add debt, the situation gets worse, and eventually it just collapses. Then everybody is looking for scapegoats. Politicians blame foreigners, and we’re in World War II or World War whatever.”
Americans Don't Want War
Poll after poll shows that the American people don't want to get involved in any more wars.
After all, we spent trillions in Iraq and Afghanistan, and Americans are exhausted. Not only does a top Pentagon official say we’re no safer – and perhaps less safe – after 13 years of war, but it has now been shown that war hurts our economy.
Never-ending wars are also destroying our democratic republic. The Founding Fathers warned against standing armies, saying that they destroy freedom. They were right ...
And they warned against financing wars with debt. But according to Nobel prize winning economist Joseph Stiglitz, the U.S. debt for the Iraq war could be as high as $5 trillion dollars (or $6 trillion dollars according to a study by Brown University.) The U.S. has the largest standing army in history, and treats anti-war sentiment as terrorism.
But war is great for the bankers and the defense contractors. And - as discussed above - governments are desperate for war.
So it's up to us - the people - to stop wider war.
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the Iraq war wasn't only about oil. the reasons for that war were based on some advanced studies in gaming theory, which bush learned at Harvard. the basis of the theory is a simpler than that, the science is about decisions making based on multiple positive outcomes, and one possible bad outcome. the US strategic plan had no possibility that we would lose the war in Iraq, the only question then was how many positive outcomes could we achieve.
wmds were only one possible outcome. breaking the oil contracts Iraq had with France and Russia another. hegemony and containment of Iran, another. (with US troops in Afghanistan Iran was surrounded on two sides) providing a huge fiscal boost to a faltering economy was another (check the chart of the DOW in 2003). providing a democratic government in the ME, another. getting Bush reelected, (and keeping the new grassroots republican movement and majority in all three branches of government. the democrat party was headed for extinction in 2003). that the war ends up costing between 2 and 6 T is a lingering problem, that same money applied to energy subsidies for americans would have achieved more for the economy.
Iraq dovetailed with the new Nato policy, which we see continues in Ukraine, the colonization of EE for modern industrial expansion and the benefit of EU/FED central banker complex. this little war in Ukraine is a long simmering extension of Cheneys missiles aimed at Moscow in all the former soviet satellites states. iraq was a cover, since another reason was to prevent Iraq missiles from reaching europe. the US through Cheney has put missiles in place which can take out C&C in moscow in around two minutes. the war in iraq helped us do this.
now a war with Moscow is even more onerous (for them really) and less likely to stay limited. but a little of the old cold war pressure, and in the next iteration Russia will fall apart completely (the hope is). to me the key to all this is Iran. the US has been quietly ignoring Iran, but whenever the magician draws your attention the left hand you better watch what the right hand is doing, and waiting in the wings is the number one Iran hater, HC. even if she doesnt run, she can influence policy.
these guys can move the shells pretty quickly, remember Syria we were going to war with them about a month ago. not a word now, the MSM is expert at directing attention where and when the USG deems it. and the catalyst for that is Gaza, since the sense of fair play extends beyond just American values, if the onesided war between Israel and Palestine goes on much longer somebody will start supplying Gaza with some real firepower, or Hamas in Beirut will join the mix. and that will put Iran back in the crosshairs.
the US/EU has achieved most of its objectives in Ukraine. that problem will go offline pretty soon. China is being dealt out of the game, that leaves Iran, one more Arab spring movement, (although they are Persian) and Pakistan is a lingering issue.
How would you suggest WE stop WWIII?
Nuclear proliferation suggests that the odds of a direct armed conflict between nations such as the United States and Russia are virtually non-existent to begin with. This is a principle that dates back to the aftermath of the Second World War, and which was appropriately titled "M.A.D." (Mutually Assured Destruction). It's the very reason why the US and the Soviet Union never engaged each other directly throughout the Cold War, and instead opted to try and extend their spheres of influence at each other's expense through proxy wars.
M.A.D. remains as relevant today as it was back then: Having a nuclear arsenal all but guarantees that no other nation will attempt a military assault on your borders. What we should understand under "World War 3" is the possibility of large-scale financial warfare, where the world's major nations deliberately begin to destabilize each other's economies. In a worst-case scenario (something which Zero Hedge appears to be fond of), the economic sanctions between Russia and the West could escalate into that kind of financial warfare.
Fortunately, we have not yet arrived at that point. Mainly because of Europe's restrained approach in the matter.
With an adversary boasting porous open borders, flinging missiles is the clumsiest way to inflict mass casualties anyway.
Don't vote for incumbents, no matter which party. Incumbency is #1 problem.
George
Have you ever considered American Armed Forces deaths in the last decade.
It has been kept down by using mercenaries; mostly from other countries too.
There is no publicity given to those deaths and no one cares.
On your topic
Problem is most Americans are not aware that in war only approx 10% casualties are the armed forces and balance 90% civilians. Other than the civil war they fought no other war has ever been fought on American soil
You must be a Brit. 1812 ?
Also one must include under the epenomious "American" King Phillip's War, the French and Indian War, The American Revolution, and the multitude of removals of the native populations.
In other news:
Top Rodeo Clowns Say World War 3 Is Coming"Of course the people don't want war. Why would some poor slob on a farm want to risk his life in a war when the best that he can get out of it is to come back to his farm in one piece?
Naturally, the common people don't want war; neither in Russia nor in England nor in America, nor for that matter in Germany.
That is understood. But, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship. The people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country."
Herman Goring
"Of course the people don't want war. Why would some poor slob on a farm want to risk his life in a war when the best that he can get out of it is to come back to his farm in one?"
Boubou, -- have you ever even seen a farmer?
The MIC/bankster/republicrats have solved the problem of domestic opposition by creating a professional armed forces.
Vietnam was lost due to the domestic anti war movement. In actual fact it was an anti-draft movement, the populace as a whole is not opposed to warfare as long as they are not forced to participate. Better that they treat war like a football game complete with breathless couch heroes and "geopolitical" analysts commenting on every aspect of the latest hot scrimmage. As long as there are no consequences for the drooling masses... the big game continues.
You sure about that? I saw some pretty big anti-war protests here and globally during the Iraq War. No drafts in effect and even subdued media coverage compared to Vietnam.
Vietnam was lost due to the fact that you can't win a war. Clearly, you're born sometime after 1970 and read all about it. Try this: the Tet Offensive was no political draft protest! It was the other thing...
the russian people have a future; the amercan people are a fiction.
expect the zionists (neocons) to instigate nukular war between them.
911 was a coup d'etat to bring the neocon zionists to power.
google samson option (or masada complex) if you dare.
http://cleveland.indymedia.org/news/2006/10/22798.php
"and the ashkenazi shall inherit the earth," the lord thy god has spoken.
The neocons were already in power pre 9/11... the coup of which you speak occured in November of 1963.
on a sunny day in Dallas, TX.
Hearing the voice of the American Duck telling to escalate the crisis has high as possible.
How do you try to make sense of the suicidally insane? The plutocrats want to fight Putin down. But what they don't see is that the more they try to bash Putin the more sympathy he gains. I do not know one single Russian who speaks bad about him these days. The people stand behind him.
And faced with a Russian battalion defending its own soil I think that an equivalent USA/Marine force would get slaughtered. You just have to see what the US military achieved in their last battles.
I have worked with Generals from US and Russia. Believe me you don't want to f.ck with Russians on their soil - never!
Many KNOW their enemies very well, but do they KNOW them Selves with nearly as much insight?
It stops when the sheeple stop trusting their "shepherds." Doubt isn't sufficient to break through the sheeple's innate craving to be lead. The reality of what will come can be seen in Gaza. Gaza is portrayed as the triumph of their good over the evil vermin to be destroyed. The reality which must be pictured for the other sheeple is that the sheeple in Gaza are unable to defend themselves. The reality in the wars for Obama's glory is that the enemy will fight back with horrid effectiveness.
The sheeple do not think, they emote. Destroy their foolish trust in their government and its media.
It's hard to do when the media no longer pretend to be anything but spokesmen for their owner's interests.
That trust is eroding. http://www.gallup.com/poll/157589/distrust-media-hits-new-high.aspx But, talk is cheap; actions are dear.
Rep. Thomas Massie's Wake Up Call on 9/11
http://winteractionables.com/?p=13569
We simply cannot sit by and watch our politicians and bankers plunge us into aother world war. It's time to take action. If we do not, we are complicit.
then a sizable number of americans must quit driving their autos, move into self sustaining communes, and stop paying any tax money to the government (most of its sales tax, so quit buying stuff) and that aint going to happen
So start exposing those politcians and banksters
And the media that has been protecting them.
you are as powerless to stop these politicians as you were when they rammed through obamacare.
This stopped being a nation of, by, and for the people a long long time ago
We've been complicit from the moment our eyes opened.
http://original.antiwar.com/lucy/2014/07/31/top-ways-to-justify-civilian-casualties-in-war/
re Americans Don't Want War..
Just as Cattle Don't Want the Abbatoir.
You KNOW who operates the abbatoir, so ask yourself this question: Am I cattle? (Or "goy" as the Talmudists refer to you)
I guess it is time to thin the herd. Pity.
There's no stopping it.
"War is the Health of the State" by Randolph Bourne (1918)
http://www.antiwar.com/bourne.php
funny, many on the left support the idea of "peace", yet stand by while we militarize ;police, create monsters out of Homeland Security and TSA, Cia, NSA..If you support this president YOU are the nazi. I left the Repubs and am registered a libertarian, If we had a peace party that would support closing off shore bases, bring the military home to defend our borders, I think many here would support it..You hear nothing from the democrats that supports this goal..wonder why? where are the political active peace profs, oh there is a blackish president with D by his name. I truly hate the hypocrits of the left.
Peace cannot be imposed on others; to believe it is something a political party can effect is to not understand either the nature of humans or the nature of peace. No collection of people in history has ever been peaceful for any duration of time.
LMFAO!!!!!!!!!!!! WW3 is coming and someone mentions DOW 5k???
My parents' generation were issued ration cards. So much sugar, per month?, per person. That war was fought away from America and with luck WWIII will be fought elsewhere but we should not count on it. The world is a lot smaller than it was in the 1930s and 40s.
Do a Google search on WWII Posters and see how many relate to gardening, rationing, and food storage.
They actually provide quite a bit of perspective on what's actually important when times are tough:
https://www.google.com/search?q=victory+gardens&client=opera&hs=0Hu&sour...
Yep, "Victory Gardens" as they were called.
During WWII, many in conflict zones, starved to death. I think the time has come to build well-stocked hidden basements.
Thanks to globalization and free flowing radiation.......the entire Earth will be a conflict zone.
Enjoy! Oh.....and don't forget to pay your mortgage lmao.
It's already gone, friend.
As far back as I can remember and even before the US gov't has pretty much done what it wants.
It's been a farce the entire time it's just a little more advanced now.
War legitimizes central governmnets. Gives them a "national purpose"
Fortunately USA is at the end of the debt rope-could'nt even finance another war. So's Europe.
Debt won't stop the crazy people rest assured. They'll take the economy approach. We already have nukes built. Use them first. What happens afterwards is a problem for another day.
doctor10 Central banks will always finance larger national debts, which keep them powerful.
I think of it the other way round - peace legitimizes central governments, and war de-legitimizes them. Hence why we should strive for less centralized and more local government power.
Then there would be just a bunch of 'localized' wars - as it has been in the past. The stage being set now is for the NWO we've heard so much about. It is a NWO that will be the last stage before the Earth and all its people will be tried.
The idea of America getting involved or jumping into a war in Ukraine would have been hard to imagine a few years ago. As I write this we are funding and encouraging Ukraine to wage war on its own people. This has the potential to escalate. Allowing events to deteriorate into a major war or possibly into what some see as World War III is becoming a reality.
As insane as it appears this could become the final outcome. The location of this as a military confrontation is right in Putin's backyard and this is a strong advantage for Russia. It is silly to think Putin and Russia will back down. This means poking the bear is not a smart move. More on this subject in the article below.
http://brucewilds.blogspot.com/2014/04/war-in-ukraine-bad-idea_26.html
American leaders have been the dupes all along. What has mattered most to them was what the people think about them, not what God thinks about them.
We take it for granted that peace is an entitlement. Unfortunately we know this not to be the case. There are those who have a vested interest in constantly stirring the war drums. Peace like Democracy is not a free ride.
If we want our peace, we have to earn it through truth, vigilance and civic activism. It is not an easy struggle.
But we have seen over and over what happens down the road of indifference, apathy and self delusion: "What can I do?, Who cares, my internet connection is fine, Anyhow I am better off even though there is a big problem..."
Shame on us all if we allow this scenario to happen...
If you want to know where to start, don't keep your mouth shut. Mum is not the word.
I will not be silent, but it's not going to help. If war is the objective of the puppet masters, they will have their war. We are like the audience to a grand play. Even if we walked out of the theater, the puppets will follow the script. Rush the stage? It's unlikely to happen on a large enough scale.