Is Global World War III Coming?

As the world again approaches depression, and as we look at our current trouble spots, involving Russia and Georgia; Iraq; Israel and Iran; Afghanistan; and Pakistan; we are seeing “alarming parallels with the 1930s,” according to an article in The Times, dated August 24, 2008. It continued that wars are the result of “weak, shortsighted leaders entrapped by a series of mistakes.” It concluded that “for the West’s leaders at present, mistake has become second nature.” Is therefore World War 3 inevitable?