Wall Street banks have secretly taken over US firearms and ammunition manufacturers and the world’s largest mercenary firms in a stealth build up private military force.
via Wall Street Banks Secretly Build The World’s Largest Private Army.
Wall Street banks have secretly taken over US firearms and ammunition manufacturers and the world’s largest mercenary firms in a stealth build up private military force.
via Wall Street Banks Secretly Build The World’s Largest Private Army.
“… The US, under George W Bush, decided to privatise the invasion of Iraq by employing private “contractors” like the Blackwater company, now renamed Xe Services. In 2003 Blackwater won a $27m no-bid contract for guarding Paul Bremer, then head of the Coalition Provisional Authority. For protecting officials in conflict zones since 2004, the company has received more than $320m. And this year the Obama government contracted to pay Xe Services a quarter of a billion dollars for security work in Afghanistan. This is just one of many companies making its profits out of warfare.
In 2000 the Project for the New American Century published a report, Rebuilding America’s Defenses, whose declared aim was to up the spending on defence from 3% to 3.5% or 3.8% of American gross domestic product. In fact it is now running at 4.7% of GDP…”