Prepare For War, Skyrocketing Crude & A Global Depression
August 19, 2012
Today Michael Pento warned King World News readers to prepare for war in the Middle-East and a massive surge in the price of crude oil. Pento also warned that the staggering surge in crude would usher in a global depression. Today Michael Pento writes exclusively for King World News to put readers ahead of the curve regarding these important geopolitical events and central bank actions.
Here is Pento’s piece: “Global central banks are getting ready to pump more liquidity into the system to mollify the negative economic effects resulting from the growing likelihood of a war between Israel and Iran. Bloomberg reported that Israeli Prime Minister Benjamin Netanyahu told U.S. Defense Secretary Leon Panetta on August 1st that “time is running out” for a peaceful solution to Iran’s atomic program.”
Michael Pento continues:
“The Tel Aviv-based newspaper Haaretz also reported on August the 10th that Netanyahu and Israeli Defense Minister Ehud Barak are considering bombing Iran’s nuclear facilities before the presidential elections in the US. In addition, Shlomo Brom, a former Israeli army commander, said the nation is now actively planning civil-defense measures.
These measures would include implementing a text messaging system to alert the public to missile attacks, mass distribution of gas masks for their population, and bomb-shelter drills for students returning to the class room. This was reported by the newspaper Yedloth Ahronoth reported on August 15th.
A war in the Middle East would send oil prices soaring towards $200 per barrel, which would immediately usher in a worldwide depression…..