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Close Call For US Banks
War Is Coming
Below are some interesting excerpts from Doug Casey's recent editorial entitled 'War Is Coming."

One thing that drew my attention to this possibility again at this time is not what's going on in Gaza but a friend of mine who had just been to a conference with an ex-director of the CIA, some high FBI officials, a whole bunch of defense department wonks, and similar types from Israel. He reports that all those spooks and military types really think Israel is going to attack Iran. The situation looks very serious to them. And one of Obama's top military advisors has just said the U.S. itself has plans formulated, and they would be put into effect should the Iranians be proved to have nukes.

You add that to all you see in the news, including Iran's new reactor plans and so forth, and we could be pretty close to the edge.


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Question: Okay, but isn't "military intelligence" usually an oxymoron? They got 9/11 completely wrong (unless you believe the conspiracy theories).

Doug: It usually is. With failures like Pearl Harbor, the Chinese invasion of Korea, the Cuban missile crisis, and the Tet offensive to its credit… I've long held the president of the U.S. would do just as well reading the New York Times for intelligence. And the fact that the U.S. now has a literal army of people in intelligence – about 854,000 with Top Secret clearances, according to a recent Washington Post series – doesn't mean the situation is going to get better. It means it's going to get worse, because none of these people know who's on first, and they all have competing agendas.

The U.S. government is far more out of control and byzantine than the Byzantines themselves could even have imagined.

Of course some of those guys are very good at what they do. But people rise in bureaucracies because of political infighting skills, not competence. What's needed for sound decisions is a wise man in command, not hundreds of thousands of bureaucrats. And we don't have a wise man in command, we have a glib ward healer from Chicago. If anything, he may be worse than Bush, which I didn't think was possible.


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The economic crisis is just getting going. It's important to remember that the whole world has been in a long boom, punctuated by relatively minor recessions, since 1946. What's happening now is not just another cyclical recession. As it gets worse, and I'm quite confident it will, people will look for others to blame, and politicians will look for distractions to appease the masses. These factors are actively fanning the flames.

Nothing like a good war to distract people from their own misery – and their own responsibility for their individual circumstances, at least until their house gets blown up or their son gets killed. Nothing like a good foreign war against an invariably evil and subhuman enemy to distract people from local problems. And, of course, there are actually fools out there that believe war stimulates economies.


Read entire article here.

Subscribe to Casey Research here.