Greyerz: “Eric, sadly the potential of a major war is now increasing dramatically. I would almost say that it’s certain we will either have a major military conflict or a full-blown economic war, which would be just as devastating. And I wouldn’t be surprised if we have both….
“The escalation of hostilities in Ukraine can easily lead to a world war as Paul Craig Roberts has been talking about over the last few weeks. Isn’t it amazing that six months ago nobody talked about Ukraine as a potential catalyst for major conflict?
War and social unrest cycles point to the next few years being full of conflict that will involve human misery in most parts of the world. Economically the world is in a mess that can only get a lot worse. We’ve had currency wars for a long time already, but these will intensify.
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