NEW YORK, Aug 04, 2002 /PRNewswire via COMTEX/ -- As the debate about a U.S. invasion of Iraq continues in Washington, President George W. Bush's administration is quietly getting ready for a fight, Newsweek reports in the current issue. U.S. munitions plants have put on extra shifts to rebuild arsenals depleted during the Afghan war, and a few hundred uniformed personnel are working as advance teams in Jordan and elsewhere, assessing the need for new airstrips, wider roads and the like, Newsweek reports. And even before Saddam Hussein became a priority target, the U.S. Department of Energy was working to get America's strategic petroleum reserve up to its full capacity of 700 million barrels -- enough to meet U.S. energy needs for more than 80 days in a crunch, report National Security Correspondent John Barry and Diplomatic Correspondent Roy Gutman in the August 12 issue of Newsweek (on newsstands Monday, August 5).
I was really surprised to see no discussion, whatsoever, after I had suggested that a war economy is a current megatrend. I've been subscribed to Richard Maybury's newsletter, Early Warning Report, for more than 7 years now. http://www.webcom.com/beacon/welcome.html. He has the clearest strategic picture of what is happening in the world than anyone I've ever known.
Folks, consider this war trend carefully as you choose your stocks. U.S. politicians are incredibly arrogant, intransigent, and lustful of power (among other things). This trend may easily last 10 to 20 years before sanity returns. A much-higher-priced Vietnam.
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