www.2inovate.comI know Charles Nenner personally as I was once a client of his. He is a brilliant man by all respects who has called various turns in the financial markets correctly -- for years. An article I just read paired him up with Marc Faber and Gerald Celente - both brilliant in their own rights on economics. With that said, I will recapture some of the articles most interesting points:
It's crazy to think that America would launch wars to help the economy, right? Maybe not so outrageous after all. A leading economist, Marc Faber has repeatedly made the claim that the American government will start new wars in response to the economic crisis: "The next thing the government will do to distract the attention of the people on bad economic conditions is they'll start a war somewhere." "If the global economy doesn't recover, usually people go to war."
Those are bold statements to say the least. The questions remains; is Faber right? Perhaps. Gerald Celente is one of the few economic forecasters who accurately predicted the '08 crash, the 1987 stock market crash, the fall of the Soviet Union, the dot-com bust, the gold bull market, the 2001 recession and a handful of other economic disasters -- all spot on the money.
Celente points out that "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.
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.
Yesterday, former Goldman Sachs technical analyst Charles Nenner - who has made some big accurate calls, and counts major hedge funds, banks, brokerage houses, and high net worth individuals as clients. - told Fox News that there will be “a major war starting at the end of 2012 to 2013”, which will drive the Dow to 5,000.