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The launch of major wars by the US government had major beneficiaries, one domestic and one foreign. The three major weapons manufacturers, Lockheed Martin (LMT), Northrop Grumman (NOG) and Raytheon (RTN) have delivered record-shattering returns to investors, CEOs and investment banks during the past decade and a half.
The Israeli regime has expanded its territory and increased its power and influence in the Middle East. Israel’s territorial dispossession of Palestinians was aided and abetted by the US invasion and destruction of the Palestinian’s Iraqi allies. Washington destroyed Iraq’s armed forces and fragmented its society and state.
The cost in US physical and mental casualties’ runs in the hundreds of thousands of soldiers who at one time served in the war zones. The financial costs run in the trillions of dollars and counting.
Both the military-industrial complex and the pro-Israel power configuration continue to wield a major role in keeping Washington on a wartime footing.
For the weapons manufacturers, there is no peaceful economic activity that can yield a comparable return — hence the need to continue to pressure for new wars to sustain weapons spending. For the pro-Israel power configuration, peace agreements would put an end to land grabs, reduce or curtail new weapons transfers and undermine pretexts to sanction or bomb countries (like Iran) opposing Tel Aviv’s vision of Greater Israel.
Yet the political and financial costs of decades of warfare weigh heavily on the US Treasury and electorate. The wars themselves were dismal failures if not outright defeats. New conflicts have emerged in Syria, Iraq and Ukraine in which the military-industrial complex and the pro-Israel lobbies hope to capitalize for profits and power.
Yet the cumulative costs of past and continuing wars hang over the launch of new costly military interventions. Political discontent among the US public with past wars also weighs heavily against new wars for profits and Israel.
War Profits: The power and influence of the military-industrial complex in promoting serial wars is evident in the extraordinary rates of return over the past fifty years. Stocks in military industries have risen 27,699 per cent versus 6,777 per cent for the broad market according to a recent study by Morgan Stanley (cited in Barron’s, 6/9/14, p. 19). Over the past three years, Raytheon has returned 124 per cent, Northrup Grumman 114 per cent and Lockheed Martin 149 per cent.
The US regime talks of reducing the military budget and makes a show of doing so via the annual appropriation bill, and then, using emergency supplemental funds to pay war costs…which actually increases military spending and fattens the profits for the military-industrial complex.
War profits have soared because of multiple military interventions in the Middle East, Africa and South Asia. The lobbyists for the industry use their influence over Congressional and Pentagon decision-makers to join forces with the pro-Israel lobby to pressure for greater direct US military involvement in Syria, Iraq and Iran.
The growing ties between Israeli and US military industries reinforce their political leverage in Washington by working with liberal interventionists and neo-conservatives. They criticize presidents for not bombing Syria and for withdrawing from Iraq and Afghanistan. They call for sending troops to Iraq and Ukraine. It is argued that proxy wars do not require heavy US military expenditures.
Responding to Wall Street pressure to reduce the budget deficit the Washington regime argues that retreating from Iraq and Afghanistan was necessary to reduce US financial and military losses. But withdrawal also reduces profits for the weapons makers and angers Israel and its supporters in Congress.
In the face of rising pressure to reduce the deficit and cut the military budget, the military-industrial complex and its Zionist accomplices are heavily engaged in retaining their share of the military budget, by reducing the amount allocated for the medical programs of active and retired soldiers.
Disability costs are soaring and will continue for decades. The cost of health care is expected to double to 15 per cent of the defense budget in five years and according to the financial press ‘that is bad news for defense stocks’ (Barron’s, 6/9/14, p. 19).
In response the military industries are pressing to close Veterans Administration hospitals and reduce benefits, claiming fraud, incompetence and inferior service.
The same corporate warlords and lobbyists who pressed the Government to send American soldiers to wars, in which they lost lives, limbs and mental health, are now at the forefront of the fight to reduce spending on their recovery and health.
Economists point out that the less the percentage of the military budget spent on veterans’ health, the greater the share allocated for missiles, warships and warplanes. The long-term costs for VA medical and disability spending resulting from the Afghan and Iraq wars are at present $900 billion and rising.
The corporate warlords are pressuring Congress to increase co-pays, enrolment fees and deductibles for veterans enrolled in public health plans.
The fight is on over Pentagon expenditures: for soldiers health or weapons programs that fatten the profits of the military-industrial complex.
Mike Walsh, author of Witness of History, All Lies Invasion I and All Lies Invasion II, Reich and Wrong, Heroes Hang When Traitors Triumph, Heroes of the Reich, Megacaust, Odyssey Adolf Hitler, Trotsky’s White Negroes, Sculptures of the Third Reich: Arno Breker and Reich Sculptors Volume I, Sculptures of the Third Reich: Josef Thorak and Reich Sculptors Volume II, Sculptures of the Third Reich: Porcelain and Reich Sculptors Volume III, Art of Adolf Hitler, The Red Brigands, Ransacking the Reich, The Holy Book of Adolf Hitler, RISE OF THE SUN WHEEL (Paperback / Ebook), Death of a City, and many other books. CLICK the book titles that interest you to gain access.
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MICHAEL WALSH is a journalist, broadcaster and the author of WITNESS TO HISTORY, RISE OF THE SUN WHEEL (Paperback / Ebook), TROTSKY’S WHITE NEGROES, MEGACAUST, DEATH OF A CITY, MY LAST TESTAMENT LET GOD JUDGE ME, THE ALL LIES INVASION Volume I (Paperback / Ebook), and THE ALL LIES INVASION Volume II (Paperback / Ebook), Odyssey Adolf Hitler, SLAUGHTER OF A DYNASTY, REICH AND WRONG, THE RED BRIGANDS, RANSACKING THE REICH, SCULPTURES OF THE THIRD RIECH: ARNO BREKER AND REICH SCULPTORS, SCULPTURES OF THE THIRD REICH VOLUME II Josef Thorak and Reich Sculptors, SCULPTURES OF THE THIRD REICH VOLUME III Porcelain and Reich Sculptors, Death of a City, and other book titles. These best-selling books are essential for the libraries of informed readers.
MICHAEL WALSH is an Irish British-born journalist. His 70 books include best-selling historical books THE ALL LIES INVASION (Paperback / Ebook), THE All LIES INVASION II (Paperback / Ebook), Odyssey Adolf Hitler, MY LAST TESTAMENT LET GOD JUDGE ME, WITNESS TO HISTORY, TESTIGO DE LA HISTORIA: HISTORIA SIN CENSURA (SPANISH EDITION), REICH AND WRONG, HEROES HANG WHEN TRAITORS TRIUMPH, HEROES OF THE REICH, THE HOLY BOOK of ADOLF HITLER, The Reich Declaration of War on the USSR, TROTSKY’S WHITE NEGROES, MEGACAUST, THE RED BRIGANDS, RANSACKING THE REICH, SCULPTURES OF THE THIRD RIECH: ARNO BREKER AND REICH SCULPTORS, SCULPTURES OF THE THIRD REICH Volume II Josef Thorak and Reich Sculptors, SCULPTURES OF THE THIRD REICH VOLUME III Porcelain and Reich Sculptors and DEATH OF A CITY. Click REAL HISTORY.
MICHAEL WALSH is a journalist, author, and broadcaster. His 70 books include best-selling Africa-related books THE LAST GLADIATORS Fiancés of Death (Paperback / Ebook); AFRICA’S KILLING FIELDS: African Victims of the Liberal-Left (Paperback / Ebook); RHODESIA’S DEATH EUROPE’S FUNERAL European to Wall Street Colonialism (Paperback / Ebook); THE FIFTH COLUMN VOLUME I and II, and many other book titles. These best-selling books are essential for the libraries of informed readers. Click Africa.
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MEGACAUST Michael Walsh. R. J. Rummel, Power Kills: Genocide and Mass Murder (Journal of Peace Research) 164 million people have been killed in cold blood this century by Capitalist / Communist governments.
SLAUGHTER OF A DYNASTY Michael Walsh. Covertly sponsored by Wall Street banks and the White House Bolsheviks seized Tsarist Russia (regime change). For 36 years news of Bolshevik atrocities and 70 million martyred Christians were censored by Western media. Lavishly illustrated, this expose reveals secrets removed from Western history books.
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Art-related books: Sculptures of the Third Reich: Arno Breker and Reich Sculptors, Volume I, Sculptures of the Third Reich: Josef Thorak and Reich Sculptors, Volume II, Sculptures of the Third Reich Volume III: Porcelain and Reich Sculptors Volume III, Art of Adolf Hitler: Ultimate Album of the Fuhrer’s Artworks, The Red Brigands, Ransacking the Reich by Michael Walsh.
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Reblogged this on Calculus of Decay .
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Great, thanks for posting