ARROYO GRANDE, Calif. (MarketWatch) -- First, let's clear the air: Someone please tell the White House we're already fighting World War III. Yes, they're great at picking buzzwords, but the truth is our global "war on terror" has engaged (or enraged) every nation on the planet.
WWIV already? Yes, the White House is preparing us for an invasion of Iran. That case has been made by many neocons, most recently by Norman Podhoretz in his new book, "World War IV: The Long Struggle Against Islamofascism." And as Pat Buchanan reacted on MSNBC's "Hardball" about all their warning signals: "I don't see how
can avoid attacking Iran and retaining their credibility going out of office."
So what will WWIV cost you and me personally? This is crucial, folks, because every dollar spent on expanding our global "wars on terror" will be one less dollar for your retirement nest egg, your health care, your kids education, your grandkids lifestyle -- all of which are being outsourced to a free market system that's forcing you to take personal responsibility rather than get benefits from government or Corporate America.
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So what can you personally expect as your cost from WWIV? We know an attack on Iran will also trigger widespread insurgencies in other Muslim nations siding with Iran, likely Pakistan and Syria. We can also expect Russia and China to increase their indirect support to insurgents, to keep the war fires burning and keep the price of oil high, further undermining America's credibility and diminishing the value of the dollar as a reserve currency.
The added debt costs of World War IV seem obvious: An estimated cost of $10 trillion to fight for a decade is not unreasonable, four times the cost of the current fighting in Iraq and Afghanistan and the global "wars on terror." And personally that will add roughly $32,000 more debt for every American -- which is more than half what the average American currently has saved for retirement.
http://www.marketwatch.com/news/story/world-war-iv-its-coming/story.aspx?guid=%7b9053D484-FADD-4D0E-8C76-597AB6784A8A%7d&print=true&dist=printTop
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