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Financial Times/Gideon Rachman/12-13-2021
“For decades, American military planning was based on the idea that the US should be able to fight two wars, in different parts of the world, simultaneously. But even the gloomiest strategists did not plan for three wars at the same time.”
USAGOLD note: Rachman cites three flashpoints that could flare up simultaneously – Taiwan, Ukraine and Iran. He downplays a three theater World War Three, but says “it might mean the end of globalization.” As we have begun to see over the last few months, globalization has contributed to keeping the inflation rate in check. Its diminution could encourage the opposite effect.
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