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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.
***
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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running for office?
If we want our peace, we have to earn it through truth, vigilance and civic activism. It is not an easy struggle.
Well said.
The peace I seek cannot be earned, and cannot be taken away by war.
sometimes i feel like i'm shaking my fist at a volcano. But then I remember that as long as I keep shouting others will too and all of us will eventually be heard and turn the tide against the establishment that profit from us going to war. The Zionists need a war in the middle east to protect Israel. Sorry but we're not Moses and we can't (won't) hold back the Islamic waters for you. The people don't want to go to war and I'm going to keep on waving my fist regardless.
Any nuggets of wisdom on this topic from Ted Cruz? You know - the Canadian-Cuban U.S. senator married to a Goldman exec who recites Dr Seuss hours on end from the floor of the senate...?
I know I am deliberately upsetting many with a republican libertarian bent who see him as the big white hope...but that is just insane. It´s like people deliberately want to be fooled and hoodwinked. Maybe they do...?
And who is your hope? White or otherwise? Bernie Sanders?
Right now ? None. But I will take a long and jaded look at everyone getting advertized as "different" and "hope". Many of my friends and colleagues were very enthusiastic about Obama , I was much more sceptic and couldn´t really see what they saw. Now when I meet them again they don´t talk much about it - but they know they have been lied to,though they never let the discussion slip into the area of having been sold a lemon. I get the same feeling with Ted Cruz now as I had with Obama then. Too good to be true.
Christ Jesus is my hope.
But you can place your hope into the same failures if you desire.
The mistake which you make is placing your faith and confidence into corrupt people. That is who makes up our Government. Ted Cruz is not better than Rand Paul or Barrack Obama.
ALL OF THEM are just as corrupted as the other as they ALL PLAY the RED Team/BLUE Team bullshit.
There is no difference between ANY OF THEM. How fucking LAME.
We have to kill the War Criminals. Those are those that PROFIT from killing your children. Those are the Warmongers behind the scenes.
Start by killing off Central Bankers and the Board of Directors of the Defense Contractors if you want to make a difference. Then kill off the Defense Contractor LOBBYISTS whom bribe our Government Officials if you want to make a difference.
(I will not because I do not care if I live or die. I have no skin in this game called life. It sickens me. I have no offspring. It matters not to me...I seek Heaven.)
But if you do care then do not delude yourself into thinking that there is some "Magical Political Solution".
THERE ARE NO POLITICAL SOLUTIONS. Wake the fuck up!!!
Elections will not make any difference whatsoever.
War is a RACKET. To stop it you have to kill the profiteers.
Bob Dylan
"Masters of War":
Come you masters of war
You that build all the guns
You that build the death planes
You that build the big bombs
You that hide behind walls
You that hide behind desks
I just want you to know
I can see through your masks
You that never done nothin’
But build to destroy
You play with my world
Like it’s your little toy
You put a gun in my hand
And you hide from my eyes
And you turn and run farther
When the fast bullets fly
Like Judas of old
You lie and deceive
A world war can be won
You want me to believe
But I see through your eyes
And I see through your brain
Like I see through the water
That runs down my drain
You fasten the triggers
For the others to fire
Then you set back and watch
When the death count gets higher
You hide in your mansion
As young people’s blood
Flows out of their bodies
And is buried in the mud
You’ve thrown the worst fear
That can ever be hurled
Fear to bring children
Into the world
For threatening my baby
Unborn and unnamed
You ain’t worth the blood
That runs in your veins
How much do I know
To talk out of turn
You might say that I’m young
You might say I’m unlearned
But there’s one thing I know
Though I’m younger than you
Even Jesus would never
Forgive what you do
Let me ask you one question
Is your money that good
Will it buy you forgiveness
Do you think that it could
I think you will find
When your death takes its toll
All the money you made
Will never buy back your soul
And I hope that you die
And your death’ll come soon
I will follow your casket
In the pale afternoon
And I’ll watch while you’re lowered
Down to your deathbed
And I’ll stand o’er your grave
’Til I’m sure that you’re dead
I have no skin in this game called life. It sickens me. I have no offspring. It matters not to me...I seek Heaven.)
If you seek Heaven, and Christ is your hope, then you should be turning the other cheek and loving your enemies, not angling for their death. If you are secure in your faith, it matters not what persecutions the world brings upon you.
I love your testimony, but fear your rant will be viewed by unbelievers as hypocrisy.
There does need to be a war...........a war against the bankers and our crazy ass politicians.
Shoot a Defense Contractor Lobbyist today.
"War is a monstrous failure of imagination." Franz Kafka
"War is a monstrous failure of imagination." Franz Kafka
@Gadfly: so good it needed to be repeated at least once.
Another thing we take for granted is that we are not the problem, it's always someone else. When we on this side of the moral compass know for sure who the problems are, and why they are such a problem.
Sincere thanks for leading by example William!
Stop it. How do we do that?
Obama must be removed from Office...That's how.
And replace him with another puppet? Whole system is rigged, time for you to wake up
If you honestly think that the symbolic figurehead flavor of the week has anything to do with actual geopolitical decision making , you really should put down the crack pipe and start paying attention.
Stop it. How do we do that?
Educate yourself.
http://i-uv.com
1. Stop sending the same people and the same type of people to control the levers of power and wealth.
2. Since only the central government will cause or join a war, take away all their power. We can fight all the same fights and debate these same hobby horses we do now about everything else state by state. And if we choose, we can spend the same total dollars providing the same stuff from each state, but reducing DC to a fraction of its current self would make this mindset impossible for a long time.
3. We need a federal Constitutional Convention and a serious discussion about who we want to be. Hoping that anything significant is going to change under the status quo is a delusional fantasy.
Oh BULLSHIT...
Governments have little to do with war and neither do elected leaders.
Assassinate a Central Banker today. Then follow through with the CEOs of Defense Contractors.
Kill the profiteers. They will happily kill your children for the money.
War is a Racket.
@Tall Tom, I agree that governments are not the only responsible party and that they are often controlled by other interests to go to and incite war, but they are the actual tool of war making, at least of the military variety.
Your violent solution would only lead to another stepping into the void left. Same shit, different suit. And, it would only justify, in a communication sense and not morally, them dropping the hammer on liberty even more. Or at least, I don’t think we are at that point and INMO, those who do, are not part of the solution.
But I respect your right to be wrong, brother.
Stop it. How do we do that?
A quote from FDR when asked by the press if he wanted to go to war.
" I don't want war, my wife Elanor doesn't want war, and our son, Franklin Jr,
likes a little piece now and then."
Too late. Momentum has already passed the critical threshold.
Use Bitcoin.
Send your congressman and senators email stating your concerns and objections, yes you will get the automated prefab reply but it is a flicker of light into their otherwise 'dark' existence.
a hand written letter is far more likely to be handled by the scumbag, than to be handled by handlers...
I say that peace is coming ... unless we stop it.
Great headline writing.
The U.S. has the largest standing army in history, and treats anti-war sentiment as terrorism.
Who's that knocking at the door?
And the CIA hacks into congresses computers - Admits it! And Nothing happens.
An illegal act that rises above the WaterGate scandal that ended a Presidency.
Now nobody cares.
It's called the George Constanza defense.
"Is that wrong? Because if someone told me that that wasn't allowed, I wouldn't have done it"
wake up dummy, usa never won any war since ww2.
America will not win the next one either, and that's part of the plan.
Shit we been tied to the steak from nafta on.
You wake up.
The USA has never won ANY war...and neither has any other Nation-State for that matter.
No Nation wins a war. But it is the Financial Interests behind the wars who profit.
Smedley Butler was quite correct. War is a RACKET.
So go fuck yourself, SOCIALIST STATIST.
US winning WWII is another well-publicized lie. Germany lost because they went too far -- Russia. By the time the US came to Europe, Germany was pretty much already defeated. If sociopaths were a little less crazy, Germany and Russia would have carved up Europe and kept it all this time.
Japan was just a side show. Never had any hope of conquest beyond their immediate region.
6 million military casualties and 21 million total dead Russians had a lot more to do with Nazi Germany losing than America. Sure, we helped, but we owe Russia a lot of respect for the massive sacrifice.
It's too late. The die has been cast. America will not win this one. God have mercy on us all.
Coming to you from the Zionists of IsraHell! The puppetmasters, 10 to 12 Zionists ruling the world. One problem though, Putin does not want to play along and these Zionists know that. In fact Putin probably knows who they are and already instructed elite snippers to take them out!
As for me, i take comfort in reading Mein Kampf and realizing Hitler knew what he was talking about when exposing Zionists and their like.
Mein Kampf?? really
Educate yourself. Mein Kampf is Pulitzer Prize material. The zionists are blocking it from getting award because MSM is controled by zion-ists!