By Paul B. Farrell,
MarketWatchARROYO GRANDE, Calif. (
MarketWatch) -- World War III is coming. Iraq and Afghanistan? Just warm-up acts. Foreign-policy blunders with huge economic consequences: Massive domestic debt handicapping future generations. But still just warm-up acts.
The main event: WWIII will engulf America in a "New Age of Warfare" with trillions and trillions and trillions of new debt, year after year after year. Yet we're silent, in denial. Nobody's talking about all this new debt ahead.
World War III: The Pentagon warns of "the mother of all national security issues ... By 2020 there is little doubt something drastic is happening," military officials told Fortune. "As the planet's carrying capacity shrinks, an ancient pattern of desperate, all-out wars over food, water, and energy supplies would emerge ... warfare is defining human life." This is a real game-changer, a paradigm shift, a turning point in human history, altering civilization. Listen closely:
WWIII: 'The mother of all national security issues'Still you're in denial? Can't see, hear, believe? You hope we come back?
WWIII: 'By 2020 there is little doubt something drastic is happening'More denial. We think short-term, this quarter, this election cycle. It'll work out.
WWIII: 'The planet's carrying capacity is shrinking'And yet still you refuse to listen. It all sounds too eco-freak lefty.
WWIII: 'Desperate, all-out wars over food, water, and energy supplies'Still you dismiss it as hype, propaganda, brainwashing from the Pentagon war machine.
And, yes, historians and shrinks agree you will stay in denial ... till it's too late.
Proof? Remember Jeremy Grantham. A savvy investor managing $100 billion in assets. Listen to his take on the 2008 meltdown: "Several dozen people saw this crisis coming for years. It seemed so inevitable and so merciless. Yet the bosses of Merrill Lynch and Citi, even Paulson and Bernanke, none saw it coming." ............(more)
The complete piece is at:
http://www.marketwatch.com/story/righteous-right-leads-us-straight-to-wwiii-2010-08-24