India, April 9 -- Let us begin with a huge caution. What we present here is the most-frightening scenario. It may or may not happen, but more voices are articulating it openly. Billionaire-investor Ray Dalio recently wrote, "We are now in a world war that is not going to end anytime soon." More importantly, this is not merely a military situation that involves geopolitics. It has engulfed large parts of domestic politics, global economics, large businesses, financial markets, global trade, currencies, and other assets. Like it or not, what we see now, from a perspective from the top, as opposed to the ground realities, is possibly the initial and cautionary beginnings of World War III.

At present, one thinks of the mini-wars across the v...