By Matt Agorist
“WAR is a racket. It always has been.
It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.”
— Two-time Medal of Honor recipient, Marine Corps, Major General Smedley D. Butler
Butler knew he was being used as a pawn for the military and he pointed it out, often. It is important to remember that Butler was saying this about WWI and WWII which were arguably far more justifiable than the wars started over lies in Iraq and Afghanistan. Today, that premise is exceedingly more obvious.
I served in all commissioned ranks from Second Lieutenant to Major-General. And during that period, I spent most of my time being a high class muscle- man for Big Business, for Wall Street and for the Bankers.
In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.
Unfortunately, no one in government has been able to resist that unwarranted influence and, once again, we find ourselves on the precipice of a new world war.
Russia’s attack on the Ukraine is laying waste to the lives of innocent civilians, setting the stage for World War 3, and potentially kicking off a nuclear holocaust. But for those who profit from this suffering, they are doing great! They are doing so great, in fact, that their profits have reached historic levels.
In only the first week of fighting, investors have already posted $69 billion in stock gains on the 33 major defense and aerospace stocks in the largest Exchange-Traded Fund (ETF) of its kind, the iShares U.S. Aerospace & Defense ETF (ITA), says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.
As Investors.com reports, Northrop Grumman (NOC) already pulled 9% past analysts’ 12-month price target on the stock. Shares are up a powerful 18% since the war began, putting $10.9 billion into investors’ portfolios. It’s a similar story with Lockheed Martin (LMT). Following a 27% run-up just this year, and 16% since the war, shares blasted past analysts’ price target by some 7%.
This is by design and the model has been in place for decades.