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
Stocks Correct into Bitcoin Happy Thanks Halving - Earnings Season Buying Opps - 4th July 24
24 Hours Until Clown Rishi Sunak is Booted Out of Number 10 - UIK General Election 2024 - 4th July 24
Clown Rishi Delivers Tory Election Bloodbath, Labour 400+ Seat Landslide - 1st July 24
Bitcoin Happy Thanks Halving - Crypto's Exist Strategy - 30th June 24
Is a China-Taiwan Conflict Likely? Watch the Region's Stock Market Indexes - 30th June 24
Gold Mining Stocks Record Quarter - 30th June 24
Could Low PCE Inflation Take Gold to the Moon? - 30th June 24
UK General Election 2024 Result Forecast - 26th June 24
AI Stocks Portfolio Accumulate and Distribute - 26th June 24
Gold Stocks Reloading - 26th June 24
Gold Price Completely Unsurprising Reversal and Next Steps - 26th June 24
Inflation – How It Started And Where We Are Now - 26th June 24
Can Stock Market Bad Breadth Be Good? - 26th June 24
How to Capitalise on the Robots - 20th June 24
Bitcoin, Gold, and Copper Paint a Coherent Picture - 20th June 24
Why a Dow Stock Market Peak Will Boost Silver - 20th June 24
QI Group: Leading With Integrity and Impactful Initiatives - 20th June 24
Tesla Robo Taxis are Coming THIS YEAR! - 16th June 24
Will NVDA Crash the Market? - 16th June 24
Inflation Is Dead! Or Is It? - 16th June 24
Investors Are Forever Blowing Bubbles - 16th June 24
Stock Market Investor Sentiment - 8th June 24
S&P 494 Stocks Then & Now - 8th June 24
As Stocks Bears Begin To Hibernate, It's Now Time To Worry About A Bear Market - 8th June 24
Gold, Silver and Crypto | How Charts Look Before US Dollar Meltdown - 8th June 24
Gold & Silver Get Slammed on Positive Economic Reports - 8th June 24
Gold Summer Doldrums - 8th June 24
S&P USD Correction - 7th June 24
Israel's Smoke and Mirrors Fake War on Gaza - 7th June 24
US Banking Crisis 2024 That No One Is Paying Attention To - 7th June 24
The Fed Leads and the Market Follows? It's a Big Fat MYTH - 7th June 24
How Much Gold Is There In the World? - 7th June 24
Is There a Financial Crisis Bubbling Under the Surface? - 7th June 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