Monday, February 19, 2007

To get its soldiers out of Iraq, to protect Sunni Arab regimes against Shia Persians and protect Gulf oil supplies America will have to bomb Iran. To calm Democrat anger and to appear to have been dragged in unwillingly the US will ask Israel to start proceedings and then take over the main action. Many reports suggest that the targets have been selected and preparations are almost complete. Rumour has it that an Israeli general has said that planes are ready and the selected pilots have been told that they will, in all probability, not be coming back. I think the perfect window will be in spring when heating requirements will be low and the summer driving season still a few months away. Though far away the effect on India will be catastrophic. As the first bomb lands the price of oil will shoot up to $100 a barrel and the Indian economy will go into freefall. With inflation already in double digits prices of everything will go shooting up. Interest rates will have to increase. House prices will crash as increasingly people will be unable to afford loan repayments. Banks will see huge defaults on loans and will be unable to recoup their money because of falling asset values. Already Iran has cut off gas supplies to India because of our vote against its nuclear programme. Factories in Noida are having to generate electricity by using diesel instead of gas and are making losses. Finding itself in deep s*** the govt is buying Russian Sukhois instead of US planes hoping to get a few drops from Sakhalin. Putin will surely want his pound of flesh. Where that leaves the nuclear deal with the US who knows. What karma has cursed us with such politicians?

1 comment:

Anonymous said...

Ah ha....seeking divine intervention!.of course wat can our politicians do...they are mere mortals existing because we live in a 'civilized' society.
an after thought....why does any repercussion have to befall only India when anything goes wrong with the rest of the world?