Marc Faber : 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 It (the war) is very positive for stocks and negative for bonds, because debt will grow dramatically, - In a recent interview with The Barron's financial magazine http://marcfaberchannel.blogspot.co...ampaign=Feed:+MarcFaberBlog+(Marc+Faber+Blog)
I would keep a close eye on developments within Russia. There's now a genuine middle class / capitalist class that is opposed to the old KGB oligarchy. That wasn't supposed to happen or desired. If the current regime reverts back to its old more overt / crude totalitarian way of doing things in order to keep its power, we could have a very volatile situation. Ditto when looking at the economic situation in China. Plus we have to look at the fact that the Russians and Chinese are bound together by treaty to protect eachother. Any future war in the Middle East is merely going to be a proxy war / precursor between a showdown between the USA and Russia / China.
because he probably knows a heck of a lot more than you regarding economics and world affairs. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.
who are you and why should I care whether or not you care ? Your credentials are a but skid mark in Farber's shorts.
The USA will be in war, but the rest of the world will not. You can bet on it. You can call it a WW, like they did in the last one, but most of the real world was not involved in it.
There are many similarities between now and the years preceeding the second world war. Globalization, which is to say free trade agreements and the mass migration of people, has, for better or worse, destabilized the economic-political systems in France, the UK, the USA, Russia, Japan, and China. Mexico and India have also been effected, but to a lesser extent (there have been armed uprising in the more remote rural regions of these countries).
