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Source: LewRockwell
War Is a Racket… U.S. and NATO Arms Industries Make Record $400 Billion in Sales From Proxy War With Russia
Strategic Culture | August 14, 2023
Western weapons manufacturers are popping champagne corks over record sales with total revenues hitting $400 billion for last year. According to media reports, this coming year-end will see that record figure exceeded by another salivating $50 billion.
Ukraine may be resembling a bloodbath, as we noted in last week's editorial. But apparently, Western military corporations are swimming in a bonanza of profits and stock market investments.
Source: LewRockwell
War Is a Racket… U.S. and NATO Arms Industries Make Record $400 Billion in Sales From Proxy War With Russia
Strategic Culture | August 14, 2023
Western weapons manufacturers are popping champagne corks over record sales with total revenues hitting $400 billion for last year. According to media reports, this coming year-end will see that record figure exceeded by another salivating $50 billion.
Ukraine may be resembling a bloodbath, as we noted in last week's editorial. But apparently, Western military corporations are swimming in a bonanza of profits and stock market investments.
Most of this lucrative new business stems from NATO's proxy war with Russia in Ukraine, which is heading toward its second year. There is no sign of a diplomatic effort from the West or the Kiev regime it sponsors to end the bloodshed.
The main corporate beneficiaries making a financial killing from Ukraine are by far the American firms. They include such behemoths as Lockheed Martin, Boeing and RTX (formerly Raytheon). But also enjoying soaring profits are arms makers in other NATO countries: BAE in the United Kingdom, Airbus in France, Netherlands and Spain, Leonardo in Italy, and Germany's Rheinmetall.
This week the Joe Biden administration requested another $24 billion in U.S. taxpayer-funded aid to Ukraine. It's hard to keep track of the money flowing from NATO countries to prop up the Nazi regime in Kiev. Even the NATO authorities don't seem to know the precise figures, such is the rampant corruption that is inevitably associated with the vast doling of funds. But estimates of total U.S. and NATO aid to Ukraine range from $150 billion to $200 billion over the past year alone.
What we are seeing is an audacious racket whereby the American and European public are subsidizing the funneling of their own taxpayers' money into the coffers of weapons firms. And there is no democratic choice in the matter. It's a fait accompli. Or, put another way, extortion.
Of course, too, part of this huge scam is the hefty financial cuts for the inner circle of the Kiev regime, including its puppet president, Vladimir Zelensky, and the brazenly sleazy defense chief Aleksy Reznikov. It is reckoned that at least $400 million has been grafted by the top members of the regime from the arms bazaar flowing into Ukraine. Reznikov has even boasted that his country serves as a testing ground for NATO weaponry.
Nearly a century ago, former U.S. Marine Corps General Smedley D Butler popularized the phrase, "war is a racket" as the title of his classic book in which he condemned how American capitalism profits obscenely from military invasions and killing.
Butler's critique is as relevant today, perhaps more so, as evinced by the conflict in Ukraine.
Western media reports are increasingly admitting – albeit coyly – that the war is a disaster for the Kiev regime and, by extension, the NATO powers. The death toll among Ukrainian forces may be as high as 400,000 since the conflict erupted last February. The much-anticipated Ukrainian counteroffensive launched in early June has resulted in no territorial gains despite the horrendous casualties and despite the gargantuan supply of NATO weapons, training and logistical support.
Please go to LewRockwell to continue reading.
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Central banks and credit make war possible:
What are the Kagan's connections to the war contractors and the think tanks they are related to?
The ponzi scheme just keeps going and going and going...
The reason western military dominance has ended is because the US dollar ponzi scheme is coming to a violent end:
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