Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24
Micro Strategy Bubble Mania - 10th May 24
Biden's Bureau of Labor Statistics is Cooking Jobs Reports - 10th May 24
Bitcoin Price Swings Analysis - 9th May 24
Could Chinese Gold Be the Straw That Breaks the Dollar's Back? - 9th May 24
The Federal Reserve Is Broke! - 9th May 24
The Elliott Wave Crash Course - 9th May 24
Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024 - 8th May 24
Why You Should Pay Attention to This Time-Tested Stock Market Indicator Now - 8th May 24
Copper: The India Factor - 8th May 24
Gold 2008 and 2022 All Over Again? Stocks, USDX - 8th May 24
Holocaust Survivor States Israel is Like Nazi Germany, The Fourth Reich - 8th May 24
Fourth Reich Invades Rafah Concentration Camp To Kill Palestinian Children - 8th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

US Iraq War dead exceeds 9/11 as America ponders defeat

Politics / Iraq War Oct 18, 2006 - 12:00 AM GMT

By: Sarah_Jones

Politics

With 2 weeks to go, the US war dead in Iraq reaches 71 and signals October is likely to be the worst month so far. Whilst at the same time exceeding the numbers killed on 9/11 In addition to the dead are the wounded numbering more than 25,000. Let alone the iraqi dead estimates of whom go as high as 600,000.

The talk in the White House is now of an exit strategy, the key phrase being used is 'redeployment' rather than withdrawal, redeployment in plain language is withdrawal out of Iraq.

Who will fill the void ? The only possibility is of handing over partial responsibility to Iran and Syria to subdue insurgent factions so as to prevent civil war in Iraq, as both countries presently as stoking the fires of civil war, whereas should the US leave Iraq, it is likely they would want a stable neighbor as the conflict could spill over into Iran and Syria.


In economic terms the war is costing the US some $300 billions per year, when taking into account medical costs of injured soldiers. This means the total real cost now exceeds $1 trillions !!! Given the debt situation, clearly the the war costs are not sustainable, and a significant reason why the US is being defeated in Iraq and not enough resources have been deployed to win what is increasingly turning out to be an un winnable war.

As the US is forced to withdraw from Iraq in effect defeated, it will do incalculable harm to Americas reputation, both in political and economic terms, though the initial response in the financial markets may be one of relief, though that is expected to be short lived !


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments


30 Oct 06, 03:26
Re: US Iraq War dead exceeds 9/11 as America ponders defeat
As evil as he was, Saddam was the glue that held that place
together. I suspect it will break apart into two or three countries with the
Shiaas becoming allied with Iran. What irony, Bush and neocon wisdom will
have succeeded in winning the Iraq-Iran war for Iran! Americans are now
dying for Islam...another great irony.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in