Log in
Don't have an account?
Sign Up Here →
Forgot Password?

CHART: Saudi Arabia Is Now The World’s Largest Arms Importer

March 11, 2015

    Today’s chart is free and open to the public.

    Chart of the Day: Daily Investment Trends for the Savvy Investor“Daily Economic/Investment Trends for the Savvy Investor”


    CHART: Saudi Arabia Is Now The World's Largest Arms Importer

    CHART: Saudi Arabia Is Now The World’s Largest Arms Importer

    This morning, I must admit that I am greatly disturbed by the above chart.

    As the Netanyahu/GOP/FoxNews machine actively targets Iran in the global press with dire warnings of what will happen if the nation is able to upgrade its military might, Saudi Arabia has been quietly amassing a deadly military arsenal, including nuclear weapons.

    Could it be that the U.S. has turned a blind eye to the Saudi military build-up because they are the country’s top military exporter/supplier?

    The double standard that the West displays in the region has never been more pronounced. And one day, I believe that our choice of “friends” in the region will cost us dearly.

    Last year, Saudi Arabia’s defense spending surged 54% to $6.5 billion, surpassing India as the world’s largest importer of military equipment.

    All told in 2014, Saudi Arabia and the United Arab Emirates (UAE) spent a total $8.7 billion on defense — more than all of Western Europe combined.

    And according to the latest estimates, $1 out of every $7 that will be spent on global armaments in 2015 will come from Saudi Arabia.

    And according to numerous reports, the Saudis have already purchased nuclear warheads from Pakistan, which will be delivered in the event that Iran finally goes nuclear.

    I would have more respect for those putting pressure on Iran if they would at least be equitable in their judgments.

    Why is a nuclear Saudi Arabia better than a nuclear Iran?

    It’s not.

    But there is one important difference between the two countries.

    Saudi Arabia sells its oil in U.S. dollars and agrees to postpone further war with Israel. (Saudi Arabia has fought at least two overt wars with Israel in recent times: 1948, and to a lesser extent in 1967.)

    Meanwhile, Iran attempts to use other currencies besides the dollar for its oil sales. (FYI: Iran did not join Saudi Arabia in their 1948 and 1967 wars against Israel.)

    While the situation in the Middle East is admittedly difficult, America is currently making very poor choices in the region.

    Of course, the U.S. enjoys handsome profits from selling deadly weapons and defense equipment to the Middle East. All told, the U.S. shipped over $8 billion of armaments to the Middle East in 2014, up from $6 billion in 2013.

    Put simply, the U.S. continues to dominate the global arms trade, supplying one-third of all global arms exports in 2014.

    And America’s top trading partner for 2015: Saudi Arabia.

    The deception runs deep…

    Until tomorrow,
    Jerry Robinson


    Get Instant Access to FTMDaily's Monthly ETF Trend Alerts!
    Wise traders and investors know that U.S. stocks are not the only game in town. Each month, our FTM Insiders get access to our powerful trend analysis on 40 global ETFs.

    Whether you want to invest in Europe, Asia, or Latin America, our ETF Cheat Sheet will keep you on the right side of the market, no matter which global market you want to trade.

    View our Plans and Pricing Here

    See our Latest Trading Ideas Here

    Paid subscriber access only
    View our Plans and Pricing here

    Real-Time Market Update

    (Courtesy of

    Investor Wire: Trends to Watch for the Savvy Investor

    • WHAT STRONG U.S. DOLLAR MEANS TO YOU. The strongest dollar in more than 11 years is coming soon to stores across the U.S. (Bloomberg)

    • EURO FALLS BELOW $1.06. The battered euro took another plunge towards parity with the dollar on Wednesday, shedding over 1 percent to trade below $1.06 for the first time in 12 years as a 1.1 trillion euro bond-buying programme began to bite. (Reuters)

    • VENEZUELA LIQUIDATES GOLD HOLDINGS. As its economy crumbles, Venezuela’s central bank is in talks with Wall Street banks to create a gold swap that would allow it to monetize some $1.5 billion of the metal held as international reserves. (Zero Hedge)

    • THAILAND ECONOMY WEAKENS. Thailand today became the latest to execute an unexpected interest-rate cut. (Bloomberg)


    Notify of
    Inline Feedbacks
    View all comments

    Please help us spread the word about on Facebook, Twitter,
    and any other social media outlets.

    Silver & Gold

    Call 800-247-2812 now for the best prices on gold and silver coins and receive Free Shipping and Insurance when you mention Follow the Money.

    Weekly Newsletter

    Stay in the loop!
    Sign up today to receive our
    weekly e-newsletter.