Cross-posted from Zero Hedge
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:
- Advertisement -
"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:
- Advertisement -
"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?"
"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 ...."