Top Economic Advisers Forecast War and Unrest
by George Washington
Washington's
Blog
Kyle Bass,
Larry Edelson, Charles Nenner, James Dines, Nouriel Roubini, Jim
Rogers, Marc Faber and Jim Rickards Warn or War
We’re
already at war in numerous countries all
over the world.
But top economic
advisers warn that economic factors could lead to a new world war.
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.
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 in 2013.
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 starting at the end of 2012 to 2013”,
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.
Nouriel Roubini
has warned
of war with Iran. And when Roubini was asked:
Where does
this all lead us? The risk in your view is of another Great Depression.
But even respectable European politicians are talking not just
an economic depression but possibly even worse consequences over
the next decade or so. Bearing European history in mind, where
does this take us?
He responded:
In the 1930s,
because we made a major policy mistake, we went through financial
instability, defaults, currency devaluations, printing money,
capital controls, trade wars, populism, a bunch of radical, populist,
aggressive regimes coming to power from Germany to Italy to Spain
to Japan, and then we ended up with World War II.
Now I’m not
predicting World War III but seriously, if there was a global
financial crisis after the first one, then we go into depression:
the political and social instability in Europe and other advanced
economies is going to become extremely severe. And that’s something
we have to worry about.
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.”
Marc Faber
says
that the American government will start new wars in response to
the economic crisis:
Read
the rest of the article
February
14, 2013
George
Washington blogs at Washington's
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