James Rickards, a top adviser for the Pentagon and CIA, is sounding the alarm that America is on the brink of a global “financial war.”
“Rival nations and terrorist organizations are developing capabilities in
unconventional warfare,” Rickards commented in a Newsmax interview. “Things like
cyber warfare, biological or chemical warfare, and now, financial weapons of
And this “financial war” is a battle America isn’t
prepared to win.
Rickards believes that as this conflict escalates, it
will “cause oil to skyrocket above $190 a barrel, gold to surge to $3,000 an
ounce, and, in its aftermath, it could completely decimate the wealth of
Rickards’ assessment is not one to be taken lightly. The first two “financial
wars” he refers to in the interview led to World War II and the economic
stagflation of the late 1970s.
And unfortunately, Rickards isn’t alone in
MSN Money commented, “The end game for all this . . . is
higher inflation combined with economic stagnation,” and The Financial Times
reported that “Japan may have fired the first shot.”
The Voice of Russia
warned, “Russia is getting ready to defend itself in the global financial war
which is going to break out in the near future.” - MoneyNews
WEB Note: This is already happening. Currency wars...