In my email this morning, amid the startling email that 52% of Americans support an attack on Iran (with what troops, what money, and how when we’re fighting wars in Afganistan and Iraq?), I find a headline:
Iran War Danger Creates Huge Investment Opportunities
Well, isn’t that just peachy? Let’s start a war and watch the rich get richer. The “breaking news” email from Newsmax.com goes on to say the following (and I quote):
Here is what I expect if the U.S. continues on the path to war with Iran:
- Oil will go over $100 a barrel in the next few months, and over $120 by this coming spring. Gasoline will go over $5 a gallon nationwide.
- Gold will be $840-$860 an ounce by spring. (It is currently at about $765.) Silver will be over $16 an ounce.
- The dollar will continue to plunge against strong foreign currencies, like the Australian and Canadian dollar. Besides rising commodity prices, a big reason for the continuing dollar plunge is continuing U.S. monetary inflation, which is the only realistic way the administration has to pay for ever-increasing war spending.
- Interest rates will increase substantially and loans will be harder to get.
- Recession in the U.S. by next summer is highly likely.
- If a shooting war actually breaks out with Iran, look for oil to quickly go over $150 a barrel ($8 gasoline), and gold over $1,000 an ounce.
Fortunately, there is some good news, for investors who are aware of these likely developments:
The good news is that “a falling dollar and sharply rising oil, foreign currency and gold prices, mean big profits for investors who put money in these sectors.”
Well, bully for them. Let’s start a war with Iraq so that investors can make huge profits. There’s a reason to go to war.
We have real problems that need to be addressed in this country and on our own soil. We have a huge National Debt we should be addressing. And, this thought just occurred to me: in an ownership society, how do we justify a huge National Debt? Where’s the ownership there?
Before we bomb Iran and commit our overworked troops to yet another war, let’s stop and think about this. We have to be prepared for the long haul and if Iraq has taught us anything, Americans are not truly ready for the long haul. We want to get in, get the job done and get out. We’re not prepared to support our troops in remaining on foreign soil for this long. We all ready haven’t provided them with the tools they need to get the job done. How can we possibly commit them to yet another war?
God Bless our troops, if we bomb Iraq, they’re going to need all the help He can provide.