In the past week, as the historic peace summit between the governments of North and South Korea have stunned the world, many of the top military stocks are in a free fall. The military-industrial complex is probably not losing any sleep though, as they have plenty of other wars to keep their portfolios afloat. However, for the rest of us, this is an important moment to take note of, because it shows the massive incentive that there is in the industry of war and it shows how closely these profits are correlated with geopolitics.
There is an unspeakable amount of money to be made by the people who sell weapons and ammunition to countries at war. The arms dealers never take sides, but are always happy to take billions of dollars from opposing nations of every war so their customers can destroy each other. To people in this industry, the idea of peace is bad for business, if there is peace then surely the weapons industry wouldn’t be the least bit successful.
This week we saw how even rumors of peace in a world filled with war can put a dent in the value of these companies. Below are the stock charts for some of the top defense corporations, each of them showing an identical fall around 4/24, about the same time when news of the peace summit really began to go viral. Boeing is the only defense contractor that did not see a massive decline similar to these companies, but they have a number of commercial products and are not entirely dependent on war for all of their revenue. These charts were gathered from Nasdaq.com.
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