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American mortgage meltdown can result in the third world war between Asia and the West - 2012 or later?
Balaji Reddy
Feb. 3, 2008
The situation is similar to 1930s. The world is headed for depression led by the American economic meltdown and severe depression from underemployment. Soon America will realize that in a free and fair turf they just cannot compete with Japan, China, and India. Japan likes America because it can dump all its cars and electronics on American consumers. Similar love affair is on the rise between India and America for services and China and America for low-end consumer goods.
The next US President will stop these illegal dumping to protect the nation from total economic meltdown. That will bring severe depression in Asia.
At the same time Asia and the West (Europe and America) will compete for scarce energy and raw materials. It will finally end up in confrontation.
As Asia realizes it has nothing to gain from the West and the West realizes Asia is the biggest nuisance snatching away the scare energy and materials, the seeds of a third world war that got planted with the Iraq war will explode.
It is possible that the third word war will be short and devastating. It may come soon as 2012 or later.
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