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04 May, 2018

An index of a rapidly declining culture

In a rare moment of hope for peace, those who pull the strings instantly lose big - Will they ever stop pushing for war?

Last year, Fortune magazine calculated that defense contractors and companies' shares prices rose by as much as $5 billion after Trump launched his attack on the Syrian air base. This year the numbers are similar.

What happened when the two Korean leaders recently tried to bring the two sides closer towards a peace solution?

In the first few days after the meeting of the two North and South Korean leaders, Kim Jong-un and Moon Jae-in, on April 27, the shares of the arms industry fell sharply, while the stock markets in Asia seemed to gain ground.

On the day of the meeting, while general indices remained stable, the S&P Aerospace & Defense Select Industry Index fell by 1.3 percent.

The five largest US arms industries lost a total of $ 10.2 billion in only that day: In particular, the shares of Lockheed Martin fell by 2.5%, Northrop Grumman by 3.4%, General Dynamics by 3.8%, Raytheon by 3.6%, and Boeing by less than 1%.

The losses came after the meeting of the two leaders who agreed to cooperate to remove nuclear weapons from the Korean Peninsula and negotiate with the US in order to officially proclaim peace, with the definite ending the Korean war.

This is essentially a sharp shift in rhetoric, which, in particular, after Trump's election in 2016, had become strongly aggressive, leading the investors towards the shares of the war industry.

Indicatively, during last year, the S&P 500 index rose by 12% and the S&P Aerospace & Defense Select Industry index by 27%.

Current fall in shares had already begun a day before the meeting between Kim Jong-un and Moon Jae-in, on the occasion of Emmanuel Macron visiting the US where he discussed, among other things, the North Korea issue and the nuclear agreement with Iran.

This is actually an index of a rapidly declining culture. Think about the insanity for a moment. In a world of continuous conflicts and destruction, with the nuclear terror hanging above our heads, just a tiny moment of hope for peace in a small corner of this planet is enough to alarm the dealers of death who control governments and nations.

Will they ever permit Korea to become an example? Certainly not. Will they ever stop pushing for more wars? Absolutely not.

Tyrel Ventura puts the question straight: Two countries say we've been fighting for almost 60 years roughly, and then say we gonna have some peace and people lose 10 billion dollars because of that. What does that say about our culture, our world, when that kind of loss is the result of two leaders saying, we gonna try to find a way that doesn't involve blowing things up and killing people?

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