‘Dr. Doom’ Investor: Prepare for World III

Dr. Marc Faber, an investor analyst and entrepreneur known as “Dr. Doom” for obvious reasons, predicted this week that World War III will occur in the next five years. His stated concern is China, he told Barron’s financial magazine in its annual roundtable discussion at the beginning of the year.

“On another optimistic note,” Dr. Faber said sarcastically, “World War III will occur in the next five years. That means the Middle East will blow up. New regimes there will be less Western-friendly. The West has also figured out it can't contain China, which is rising rapidly and will have more military and naval power in Southeast Asia. The only way for the West to contain China is to controlthe oil tap in the Middle East.”

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