With anti-Iran rethoric heating up everyday, including recent statements from Obama where nothing was off the table, Marc Faber has called war with Iran as “almost inevitable”.

Swiss money manager and long term bear Marc Faber, aka “Dr Doom”, says political risk in the Middle East has increased significantly with war between Iran and Israel “almost inevitable”, and precious metals and equities investments offer some safety.

“Political risk was high six months ago and is higher now. I think sooner or later, the U.S. or Israel will strike Iran – it’s almost inevitable,”

……..

Israeli Prime Minister Benjamin Netanyahu showed no signs of backing away from possible military action against Iran following a Monday meeting with U.S. President Barack Obama.

“Say war breaks out in the Middle East or anywhere else, (U.S. Federal Reserve chairman) Mr Bernanke will just print even more money — they have no option…they haven’t got the money to finance a war,” said Faber.

“You have to be in precious metals and equities … most wars and most social unrest haven’t destroyed corporations – they usually survive,” he said.

You can’t argue with common sense.

The 66 year-old, who has earned the moniker “Dr Doom”, earlier told the conference that the likelihood of war in the Middle East was boosted by Western powers’ imperatives of keeping China in check, given its dependence on Middle Eastern oil.

“The Americans and the western powers know very well they cannot contain China economically…. but one way to contain China is to switch on and switch off the oil tap from the Middle East,” he said.

“I happen to think the Middle East will go up in flames,” he said.

 

Advertisements