Marc Faber Says America Will Launch More Wars to Distract from Bad Economy → Washingtons Blog
Marc Faber Says America Will Launch More Wars to Distract from Bad Economy - Washingtons Blog

Tuesday, August 11, 2009

Marc Faber Says America Will Launch More Wars to Distract from Bad Economy

The claim that America would launch more wars to the help the economy is outrageous, right?


But leading economist Marc Faber has repeatedly said that the American government will start new wars in response to the economic crisis:

Is Faber crazy?

Maybe. But top trend forecaster Gerald Calente agrees.

As Antiwar's Justin Raimondo writes:

As Gerald Celente, one of the few economic forecasters who predicted the ‘08 crash, put it the other day, "Governments seem to be emboldened by their failures." What the late Gen. William E. Odom trenchantly described as "the worst strategic disaster in American military history" – the invasion of Iraq – is being followed up by a far larger military operation, one that will burden us for many years to come. This certainly seems like evidence in support of the Celente thesis, and the man who predicted the 1987 stock market crash, the fall of the Soviet Union, the dot-com bust, the gold bull market, the 2001 recession, the real estate bubble, the “Panic of ‘08,” and now is talking about the inevitable popping of the "bailout bubble," has more bad news:

"Given the pattern of governments to parlay egregious failures into mega-failures, the classic trend they follow, when all else fails, is to take their nation to war."

As the economic crisis escalates and the debt-based central banking system shows it can no longer re-inflate the bubble by creating assets out of thin air, an economic and political rationale for war is easy to come by; for if the Keynesian doctrine that government spending is the only way to lift us out of an economic depression is true, then surely military expenditures are the quickest way to inject "life" into a failing system. This doesn’t work, economically, since the crisis is only maksed by the wartime atmosphere of emergency and "temporary" privation. Politically, however, it is a lifesaver for our ruling elite, which is at pains to deflect blame away from itself and on to some "foreign" target.

It’s the oldest trick in the book, and it’s being played out right before our eyes, as the U.S. prepares to send even more troops to the Afghan front and is threatening Iran with draconian economic sanctions, a step or two away from outright war.

A looming economic depression and the horrific prospect of another major war – the worst-case scenario seems to be unfolding, like a recurring nightmare ...

Forecaster Celente has identified several bubbles, the latest being the "bailout bubble," slated to pop at any time, yet there may be another bubble to follow what Celente calls "the mother of all bubbles," one that will implode with a resounding crash heard ’round the world – the bubble of empire.

Our current foreign policy of global hegemonism and unbridled aggression is simply not sustainable, not when we are on the verge of becoming what we used to call a Third World country, one that is bankrupt and faces the prospect of a radical lowering of living standards. Unless, of course, the "crisis" atmosphere can be sustained almost indefinitely.

George W. Bush had 9/11 to fall back on, but that song is getting older every time they play it. Our new president needs to come up with an equivalent, one that will divert our attention away from Goldman Sachs and toward some overseas enemy who is somehow to be held responsible for our present predicament.

It is said that FDR’s New Deal didn’t get us out of the Great Depression, but World War II did. The truth is that, in wartime, when people are expected to sacrifice for the duration of the "emergency," economic problems are anesthetized out of existence by liberal doses of nationalist chest-beating and moral righteousness. Shortages and plunging living standards were masked by a wartime rationing system and greatly lowered expectations. And just as World War II inured us to the economic ravages wrought by our thieving elites, so World War III will provide plenty of cover for a virtual takeover of all industry by the government and the demonization of all political opposition as "terrorist".

An impossible science-fictional scenario? Or a reasonable projection of present trends? Celente, whose record of predictions is impressive, to say the least, sees war with Iran as the equivalent of World War III, with economic, social, and political consequences that will send what is left of our empire into a tailspin. This is the popping of the "hyperpower" bubble, the conceit that we – the last superpower left standing – will somehow defy history and common sense and avoid the fate of all empires: decline and fall.

I certainly hope Faber and Calente are wrong. But they are both very smart guys who have been right on many of their forecasts for decades. Even when their predictions have been viewed as extremely controversial at the time, many of them have turned out to be right.


  1. Of course the government will start more wars, or at least find some way to prolong the ones we're already having. Our military-industrial complex is the only thing that's standing between us and a total default on our national debt. Well, that and illicit black market profits flowing through the economy.

  2. the usa is getting ready to start a war in South America - the amerikans will launch an attack from the SEVEN ( 7 ) military bases that they are in the process of leasing from Colombia into Venezuela.

    the filthy yankees have aleady overthrown Our Man Hugo once already ( The Revolution Will Not Be Televised ). Why not try again ???

    and of course the amerikan invasion of Venezuela and the overthrow of Our Man Hugo is going to be done under the guise of THE WAR ON DRUGS.

    remind me again of how much OIL lies under Venezuela and under Venezuela coastal waters ???


  3. Neither the invasion of Iran or the invasion of Venezuela are political moves that will grant Obama a second term, so until 2012 where are all safe.

  4. war with iran has started long ago.än!.html

  5. I see four more bubbles coming. 1-war, 2-famine, 3-pestulence, 4-plague. Interesting timing as we are in the beginning of the second millenium and many fundementalists expect such a turn of events. Is some group playing to their expectations?

  6. Greetings,

    Great post here, quite provocative. I just commented on your post on my own blog, which I recently started. Feel free to check it out here:

    Thought I would just let you know. Thanks!

  7. I also disagree.

    Not that the US wont start more wars, but the reality is that

    1. Militarily, Iran is a penny ante country that will be bombed into oblivion in short order. Not quite as quickly as Iraq, but it is not a credible adversary on the scale needed to achieve the political objectives at home.

    2. American patriotism has shrunk to the level of bumper stickers; especially those inclined to "support" such wars are not inclined to accept personal sacrifice to enable them. The left will abandon Obama if he tries it and the right already hates him and believes that sedition is now patriotic; wrong move in every way.

    3. A war that might achieve those objectives would require mass mobilisation as social control but the USA is now totally dependent on consumption as its economic model. Any further reduction in consumption will simply speed up up the collapse.

    4. The only credible enemy on a sufficient scale is China and any war with China goes straight to the nuclear option in about 5 minutes and be over in less than a day.

    5. The US war machine is totally dependent on long oil supply lines and foreign debt, both of which can be cut in too many places to defend.

    Wars on the scale and duration needed to meet the objective of concealing the collapse of the empire aren't available any more.

    This doesn't mean they wont try, just that it will fail quickly.

  8. Yes! But that's not all folks!

    the Feds, have done/are doing both, to distract us from the Earth Changes, that started accelerating around the turn of this century.

    This isn't man-made global warming, but it does affect us all, worldwide.

    The Changes started in the Southern Hemisphere, and are here now, in the Northern part.

    If our attention were on these, we would all have left our differences behind, and joined as JUST the Human Race, LEAVING STATE AND RELIGION OUT OF THE PICTURE!

    I'd know we didn't need them, just each other.

    In fact, we'd do MUCH BETTER- without Church and State( Religion & Gov). A Renaissance across the Board ( architecture- agriculture - hygiene/healing, the Arts, Goods & Services, Education, Managing Natural Resources, "Race" Relations, etc.).

  9. Eric is obviously a shill for the Feds and/or israel, with: "1. Militarily, Iran is a penny ante country that will be bombed into oblivion in short order. Not quite as quickly as Iraq,..."

    NO more wars! No more killing! No more war industry! No more spending money! No more borrowing money from Communist China!

    No more looking outside the country/ourselves to solve our problems!

    Instead, we must concentrate on ourselves, solVe our INTERNAL DOMESTIC PROBLEMS! And they are many.


→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).

→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).

→ The following types of comments will be deleted if we happen to see them:

-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over

-- Comments that explicitly call for violence

→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.