Given that Kiev loses its war with Moscow, it’s pretty certain that now is the time to sell military/industrial stocks, and war stocks. If Trump succeeds in cutting back military spending, as he says, a lot of money will stop flowing to the likes of Lockheed, Raytheon, and Boeing. The “defense” business is absolutely rife with fraud, stupidity and corruption.
They’ve done extremely well over the last 30 years, but based on changes in the macroeconomic situation, I think the party’s over. Not only that, but military technology is changing radically. The type of hi-tech junk that they’re producing—e.g., F-35s, B21s, carriers, and $100,000 artillery rounds—makes about as much sense as producing battleships at the end of World War II. Cheap drones make more sense. As do $20,000 Terminators.
The nature of the whole world is reorienting in every way. Radically.
 | International Man: After spending over $350 billion—half of which is reportedly unaccounted for—the US government is finally pulling the plug on supporting the Ukraine in its war with Russia. What do you make of this? Doug Casey: It was criminally insane for the US to involve itself in a border war between two countries on the other side of the world. Not many Americans know that ... www.lewrockwell.com |
