(Click on Image to Enlarge)CVN 77 G.H.W. Bush Enters Persian Gulf As CIA Veteran Robert Baer Predicts September Israel-Iran War -- Zero Hedge
One look at the most recent naval update maps shows that in addition to global insolvency (courtesy of the broke European dominoes and a potentially technically broke US), a UK on the verge of a parliamentary scandal courtesy of a media baron whose empire is crumbling, and not to mention yet another downward inflection point in the global economic slowdown courtesy of the end of QE2 and no replacement yet, market watchers may have to start factoring in geopolitical risk yet again. While the fact that Syria, Yemen, Egypt, Tunisia, and now Turkey, are ever more increasingly on edge is apparently something Mr. Market has managed to internalize, when it comes to geopolitics everyone stops to listen when renewed Iran-Israel rumblings reappear. Which may just be the case.
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My Comment: I have always respected Robert Baer's opinions, but I just do not see such a war happening now. Israel does not have the assets (nor political will) to engage in such a conflict .... and more to the point .... this White House would never sanction such an undertaking, and will not give the Israels the necessary logistical and material support to sustain it.
Hat Tip: Colin McCabe
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