Why Not Another World War? – Peter Schiff

(C4L) – There is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iran and Afghanistan are failing to make the same impact today, they often claim that the current conflicts are simply too small to be economically significant.

There is, of course, much irony here. No one argues that World War II, with its genocide, tens of millions of combatant casualties, and wholesale destruction of cities and regions, was good for humanity. But the improved American economy of the late 1940s seems to illustrate the benefits of large-scale government stimulus. This conundrum may be causing some to wonder how we could capture the good without the bad.

If one believes that government spending can create economic growth, then the answer should be simple: let’s have a huge pretend war that rivals the Second World War in size. However, this time, let’s not kill anyone.

Israel threatens another large-scale Gaza war

(PressTV) – Israel has threatened another massive war against the Gaza Strip as the impoverished enclave continues to suffer in the aftermath of the devastating January offensive.

Russia Prepares for “Large-scale Conflicts”

(PressTV) – Secretary of Russia’s National Security Council Nikolai Patrushev says the country should be ready for “large-scale conflicts”.

MSM: Israeli jets practice as tension with Iran grows

Israel’s air force held a large-scale exercise simulating war on several fronts with enemies that include Iran, Israeli defense officials said yesterday. The practice this week involved Israel’s entire air arm and was meant to prepare for an all-out war, including missile attacks aimed at Israeli cities, the officials said.

Honeybee Collapse Strikes Japan, Up to Fifty Percent of Honeybees Gone…

For the first time, Japan has been hit with a large-scale collapse of honeybee populations like that experienced in other countries around the world.

July 15-31, USA and Georgian Armed Forces conducted “Immediate Response 2008”

The International Training “Immediate Response 2008” conducted with the joint efforts of the USA and Georgian Armed Forces was held at Vaziani Military Base on July 15-31. The mission of the training was to improve combined capabilities and strengthen regional cooperation.