by Tyler Durden….. If ever there was a clearer indication of America’s “need for war” it was the latest Durable Goods orders data, which confirmed, absent defense spending, the US economy is in a tail-spin. However, as NYTimes reports, foreign arms sales by the United States jumped by almost $10 billion in 2014, about 35 percent, even as the global weapons market remained flat and competition among suppliers increased, thanks to multibillion-dollar agreements with Qatar, Saudi Arabia and South Korea.
Defense Spending New Orders has soared 148% in the last 3 months… the biggest rise since 2007
But it is the US arms sales to foreigners that is really flourishing.Despite a stagnant international weapons market and increased competition among suppliers, American foreign weapons receipts rose from $26.7 billion to $36.2 billion last year. According to a new congressional report, as The NY Times reports…
The United States remained the single largest provider of arms around the world last year, controlling just over 50 percent of the market.
Russia followed the United States as the top weapons supplier, completing $10.2 billion in sales, compared with $10.3 billion in 2013. Sweden was third, with roughly $5.5 billion in sales, followed by France with $4.4 billion and China with $2.2 billion. Continue reading “US arms criminals save Capitalism: Arms Sales Soar 35%”