It sort of does if you are that confident in your ability. Chile and Australia should not challenge Spain, and if they do then Spain most likely would not win the Cup anyhow. Tell your men to save themselves, don't foul and don't get injured (which is what the stats indicate) against one of your toughest opponents (where you don't have to win!). Get through the first round where there is no single elimination, pass on the most dangerous opponent in your group to the runner-up in Group A, and be injury free for Brazil. This way the Spanish know exactly what they have to do, and who they more than likely have to plan for.
The other option is that the Spanish are getting old, which is possible, but time will tell.