From Doug Casey, Chairman, Casey Research interviewed by Louis James:
L: Doug-sama, I've heard you say you think the U.S. is setting Iran up to be the next fall guy in the wag-the-dog show – do you think it could really come to open warfare?
Doug: Yes, I do. It could just be saber rattling during an election year, but Western powers have been provoking Iran for years now – two decades, really. I just saw another report proclaiming that Iran is likely to attack the U.S., which is about as absurd as the allegations Bush made about Iraq bombing the U.S., when he fomented that invasion. It's starting to look rather serious at this point, so I do think the odds favor actual fighting in the not-too-distant future.
L: Could they really be so stupid?
Doug: You know the answer to that one. We're dealing with criminal personalities on both sides, and criminals are basically very stupid – meaning they have an unwitting tendency to self-destruction. One thing to remember is that most of those in power in the West still believe the old economic fallacy that war is good for the economy.
L: The old broken-window fallacy. Paraphrasing Arlo Guthrie, it's hard to believe anyone could get away with making a mistake that dumb for that long.
Doug: People, like those in power, still...
Read full article...
More from Doug Casey:
Doug Casey: How to know when it's time to "get out of Dodge"
Doug Casey: Four steps to building and keeping long-term wealth
Must-listen: Porter Stansberry interviews master speculator Doug Casey