It seems Pope Francis gets it. Perhaps he’s even following my work. And he’s right: World War III has begun.
Speaking Saturday at Italy’s largest war memorial, Pope Francis said the spate of conflicts around the globe today were effectively a “piecemeal” Third World War, condemning the arms trade and “plotters of terrorism” sowing death and destruction.
“Humanity needs to weep and this is the time to weep,” the Pope said.
I couldn’t disagree more. I think the Pope is missing a big factor in the current state of affairs and the primary driving force that will make them all that much worse for the next several years as the war cycles ramp up ever higher.
It’s not just the arms trade of plotters of terrorism who are to blame. It’s the governments of the biggest nations in the world, from Washington and Brussels to Beijing — all of whom are behind the rising tide of violence and geopolitical rifts we are seeing around the globe.
It’s their war on your wealth that is driving it, too.
|Bankrupt Washington is out to tax every penny of wealth you have and even confiscate parts of it, all in an effort to replenish their empty coffers.|
Bankrupt Washington and Brussels are on a war path to monitor everything you say and do, to tax every penny of wealth you have, to even confiscate portions of it — all in the name of trying to replenish their bankrupt coffers.
Europe is endorsing income tax rates of as high as 75 percent in France. It’s getting ready to implement a 10 percent wealth tax on all euro citizens.
Europe is also legislating that you lose every cent you have over 100,000 euros in a European bank, should it fail.
Poland has nationalized 100 percent of all private retirement accounts.
Washington, meanwhile, is getting ready to do much of the same. It’s already spying on each and every one of us. It’s already implemented a form of capital controls, whereby you have to report every penny of money you have overseas, and overseas banks have to turn you in as well, or face severe penalties.
The retirement age is going to go up. My sources tell me that Washington is also considering making it mandatory that a portion of your IRA or 401(k) hold a minimum amount of U.S. Treasury bonds — an indirect way for Washington to finance itself, with your money.
Obamacare is really a tax in disguise, while President Obama’s MyRA initiative is nothing more than taxing the poor, under the ruse that anyone can now have a nice retirement account — provided you let the government hold your money and wait to get it back some day, with dollars worth substantially less than they are worth today.
Pope Francis did not address this war on your wealth. But it’s the root cause behind many of the conflicts we see around the world today.
If Europe weren’t so weak and so focused on attacking the wealth of its citizens, do you think Putin would be as aggressive as he is today, seeking to rebuild the former Soviet Union’s territories? Hardly.
If Washington wasn’t bankrupt and also so focused on its war on your wealth, do you think Beijing would be so successful promoting its yuan to the international stage …
Or moving so aggressively to control the South China Sea, the Spratly and Senkaku Islands?
Much the same can be said about ISIS, or Boko Harem, or other terrorist groups. They are now more active than ever, more powerful than ever, why?
Because the West is so financially destitute, so inept in its leadership, that they too want to seize the moment and turn otherwise civil and religious discord into international conflict.
There are purely domestic issues to this Third World War as well. Scotland could secede from the United Kingdom this week, ending a 307-year-old union with England.
But if you think it’s just Scotland looking for independence, think again: The independence movements started exploding higher in 2012, right on cue with the upturn in the war cycles, and is growing steady around the world.
Spain is awash with independence movements. Catalonia, Basque, Andalusia, Canary Islands, Asturias and Balearic Islands.
In northern Italy, the province of South Tyrol is seeking to secede. In the south, Sicily has a strong and growing independence.
Flanders, the Dutch-speaking northern portion of Belgium, wants to secede. Should Flanders secede, Belgium would lose more than half of its population and economic power.
Corsica is seeking independence from France. Bavaria is seeing a rising tide of separatist voices wanting to secede from Germany.
In Canada, Alberta, Quebec and British Columbia are all seeking independence, and their movements are growing in popularity.
Lest you think it’s just other parts of the world that are seeing independence movements, think again. Vermont, New Hampshire, Texas and the state of California all have very strong, growing independence movements.
California is now leading the way, with an independence vote set for Sept. 16 of next year. Also being discussed: An option of breaking up California into six separate states.
Each and every one of these separatist movements, I can assure you, will become as real as Scotland’s vote this week.
And each and every one of them will have vast implications for the global economy and for the financial markets.
So yes, I believe World War III has already started. It may not become a world war as we have come to know them, but one thing is for sure:
Until the war cycles crest in late 2020 — six years from now — the world is going to be awash in turmoil, domestic and international, financial and economic, culturally and socially.
And as I have been pointing out over and over, do not underestimate its impact on your wealth. Do not underestimate how it will change everything you thought you knew about investing.
Keep an open mind; don’t get stuck in old economic theories. And most importantly follow the money flows, whether you agree with them or not.
There is over $150 trillion of wealth in the world and when that money moves, you’re either part of it, or you’re run over by it.
And don’t forget, you can let me know what you think about this and other topics right here.
Best wishes and stay safe,