Headline of the day and recommendable! We are living in very dangerous times!
Unfortunately, strong Western leadership (e.g. by the US and the UK) is sorely lacking! Hope and pray, that the giggling and incompetent Mistress Kamala will not become the next first black woman US president! E.g. the legacy hungry and aging Xi Jinping will most likely try to invade Taiwan!
Are we already in World War III? The question is more about how deep are we already into WW III! Just add the countries involved and their contributions e.g. in the Russo-Ukrainian War and the Israeli war against Islamist terrorism.
When more military weapons and ammunition are procured by various countries, then the likelihood increases that they will be used one day! Tensions rise, one wrong event or action could trigger a chain reaction and Armageddon!
"... And with the Chinese government increasing its military budget by an estimated 6% to $296 billion in 2023, spending by Japan and Taiwan each grew 11%.
The result of these actions has hardened the resolve of nations and brought security front and center to political discussions. In 2023, government spending on defense increased to a record $2.443 trillion for the procurement of military equipment and supplies to combat threats; to support allies; and to bolster border security.
According to the Stockholm International Peace Research Institute think tank, this is the ninth consecutive year of increases, with last year’s gain of 6.8% the highest level ever recorded. ...
Since the start of the Russia-Ukraine war, defense stocks have risen by 48%, as defined by the SPADE Defense Index. Assets invested in the sector’s exchange-traded funds are up 268% and now total more than $11 billion, including Invesco’s exchange-traded fund, which has quadrupled its assets during this time. ...
At the firms themselves, recent quarterly reports from many defense companies, both large and small, show backlogs at historic highs. ..."
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