Posted on 01/17/2012 9:34:45 AM PST by blam
Doctor Doom Warns: “World War III Will Occur In the Next Five Years”
January 17th, 2012
Well known economist, trend forecaster and Gloom, Boom and Doom Report publisher Dr. Marc Faber joined some of the world’s leading investment minds at the Barron’s 2012 Roundtable to discuss what’s in store for 2012 and beyond with respect to the economy, inflation, political stability and a host of other issues.
As is generally the case, Dr. Faber doesn’t mince words and warns that, despite what happens in the near term, the end game is global conflict.
Excerpted from Barron’s 2012 Roundtable via SGT Report
Marc Faber: On another optimistic note, World War III will occur in the next five years. That means the Middle East will blow up. New regimes there will be less Western-friendly. The West has also figured out it can’t contain China, which is rising rapidly and will have more military and naval power in Southeast Asia. The only way for the West to contain China is to control the oil tap in the Middle East.
Bill Gross (Founder, Pimco): How does your World War III hypothesis affect the financial markets? Is it positive for stocks?
Marc Faber: It is very positive for stocks and negative for bonds, because debt will grow dramatically. There will be massive monetization of debt. When the U.S. entered World War II total credit equaled 140% of GDP, and there were no unfunded liabilities. Now total credit-market debt is 380% of GDP, and unfunded liabilities make that 800%.
Brian Rogers (Chairman, T. Rowe Price): How is World War III good for stocks?
Felix Zulauf (Zulauf Asset Management): Unused capacity in an economy can be directed to the defense and war industry. That will be paid for by new government debt, and that keeps the economy growing.
Scott Black (President, Delphi): Marc, if Israel strikes Iran’s nuclear facilities, they will use air power. They aren’t going to commit ground troops. It won’t be the kind of conflagration you’re thinking.
Bill Gross: War takes place today in cyberspace and in terrorist space. Whether or not there will be a land war isn’t the question.
Dr. Faber has also expressed his views on prior occasions, suggesting that World War III is an inevitable outcome when nations begin to default on trillions of dollars worth of debt (whether by refusing to pay or simply easing their monetary supply).
In August of 2010 Faber urged his subscribers to begin making preparations for worst case scenarios:
In his latest GBD Report, Faber again advises those with the means to do it, to leave urban areas and seek safety in rural, country areas, preferably farms, and to be prepared to defend that land in the event the worst happens:
Faber has an interesting suggestion for investors if the plunge comes to pass.
With tongue apparently in cheek, he says buy a farm you can tend to yourself way out in the boondocks. And protect it with high voltage fences, barbed wire, booby traps, military weapons and Dobermans.
While several members of the Roundtable disagree with the idea that a conventional global war is out of the question, suggesting instead that conflicts will be dealt with through air superiority and in cyberspace (in itself a potentially catastrophic battlefield for modern civilization), they are ignoring the real possibility that an attack on Iran, or even a rogue attack against Europe or the United States, could escalate to such a level that China or Russia would have no choice but to get involved.
While hard to believe, we’ve seen it before. Twice just in the last century.
Not many people would have believed it prior to 1914 either. But within just a few short months of the assassination of Archduke Ferdinand in late June of that year, millions were dead and the Western front had extended hundreds of miles across Europe to the North Sea.
Events played out with similar velocity in World War II when Adolf Hitler’s aptly named Blitzkrieg (Lightning War) overtook entire nations in a matter of days.
It only takes one country, one sociopathic leader with his finger on the button, to get the ball rolling. Then there is no stopping it
What Good Can a Handgun Do Against An Army?
http://www.freerepublic.com/focus/f-backroom/2312894/posts
Above all else,Mr Gross seems concerned about the effect of WW3 on stocks.What a guy.
Seems to me WW III has been going on for a while. It is being waged on different scales without common frontal assaults. It is religious, economic, cultural, political and terrorist but will grow in intensity.
If it’s the ME vs the CHICOMs, and there are no nukes, well, so be it.
We’ve been in a Cold Civil War for more than two generations.
I predict that 0’s foreign policy debacles will come home to roost by June 30, 2012. This plus the continued economic decline in the US and world will make his re-election highly unlikely.
War is the health of The State.
expect more Departments of ___ to further encroach on our liberties.
Trust us. We’re here from the gubmint to help you.
More like Chins, the ME and Africa vs the US and allies.
More like China, the ME and Africa vs the US and allies.
Really??? Someone tells him WWIII is coming and that's his first question??? REALLY?
The US will sit out WW3.
While the rest of the world burns, the US will be in the middle of a hot civil war between the collectivists and those who believe in liberty.
JMO..
So, what is this guy selling? Gold, weapons, bugout kits?
We are already engaged in WW IV. WW III was the Cold War with the Soviet Union.
WW IV is an alliance of the moonbat Left and globalist Islamists both of whom have decided the West is The Great Satan that must be destroyed.
Barron’s - predicted recession for 10 consecutive years, and then had the nerve to say “Ah-Ha!”, when one finally showed up.....
There are three absolutes in this world, death, taxes, and Bill Gross having a Bearish outlook.
That being said, he was spot on about WWIII being fought in Cyberspace, or with terrorists. The years of massive armies sweeping across landscapes are over, I think.
I’m a little surprised that it hasn’t gone into a full blown hot global war already.
Ominous black clouds of doom cover the edge of the horizon, the lightening is flashing and there is the distant sound of thunder! The storm flags are going up, who you heed them?
I think that at best we are in for a collapse much like that of Argentina. A excellent 12 part documentary on the economic collapse of Argentina can be see on YouTube with part one here:
http://www.youtube.com/watch?v=rH6_i8zuffs
I am very aware that if it’s the great end as foretold in the Bible that there is nothing I can do to stop or change it, but history is full of instances and times when man or nature have caused such a calamity that people have cried out and begged God to end it all.
The bible has many verse such as this:
A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
This verse and others are there for a reason and I urge all to take heed of them, because we are clearly on the edge. Everyday there is a new story about the ‘Yutes’ who grow more restless everyday and when you add the fact that because of the economy people are already on edge it won’t take much to set things off.
Reminds me of one of my favorite quotes:
“Star Trek: Deep Space Nine: The Siege of AR-558 (#7.8)” (1998)
Quark: Let me tell you something about Hew-mons, Nephew. They’re a wonderful, friendly people, as long as their bellies are full and their holosuites are working. But take away their creature comforts, deprive them of food, sleep, sonic showers, put their lives in jeopardy over an extended period of time and those same friendly, intelligent, wonderful people... will become as nasty and as violent as the most bloodthirsty Klingon. You don’t believe me? Look at those faces. Look in their eyes.
Today we have ‘yutes’ who roam our streets who are with out morals, without respect for law or life itself. They will look are you with the same ‘doll eyes’ a shark does before he eats you and they will feel no more compassion than the shark does.
That will be the test of many. Most preppers I know are Christian people and they will hesitate to do what they might have to do to stop the ‘yutes’. On the other hand the ‘yutes’ won’t think twice nor lose a minute of sleep, in fact they will smile and laugh about it.
For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:
http://www.tomeaker.com/kart/preparedness1i.pdf
(NOTE THIS DOWNLOAD IS FREE AND I DO NOT MAKE A DIME OFF OF IT. ALSO NOTE THAT THE MANUAL IS CLEARLY MARKED AS NOT BEING FOR SALE. I PUT TOGETHER THIS MANUAL FOR ONLY ONE PURPOSE AND THAT IS TO HELP FELLOW PATRIOTS TO PREPARE THEMSELVES FOR WHAT I BELIEVE IS COMING.)
For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.
Though I believe that the collapse we face will be much like that of Argentina I also believe that ours will be much more violent and there will be what I call ‘Pocket Progoms’ which will be very violent and life for some will quickly become much more like that of Bosina.
For a somber, yet realistic look at what SHFT in Bosina was like I urge you to read some of a Bosinian name Selco’s posted here:
http://www.freerepublic.com/focus/f-news/2798007/posts
If you like to read more about what SHTF in Bosnia was like take a look at this post on Bosnia War Survivor Selco’s Blog at:
“There is no greater disaster than to underestimate danger. Underestimation can be fatal.”
As the LDS say “When the emergency is upon us the time for preparedness has past.”
Prepper’s PING!
Well, most "World Wars" start out as a series of separate wars that correlate as the major combatant nations join the fight. Japan was fighting in Manchuria and China in the 30's. Italy in Ethiopia. Germany was "assisting" Franco in Spain. The starting date for WW2 is generally accepted as 9/1/1939, but you could make an argument that it was already going on for several years.
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