(Recorded on 11/22/22) Topics covered on this video coaching call In this special video presentation, Jerry Robinson takes a deep dive into several charts of major markets along with his signature commentary. Later, an update on gold, silver, and several...
CHART: Saudi Arabia Quietly Amasses Enormous Military Arsenal; Western Media Ignores
According to a new estimate released by SIPRI (Stockholm International Peace Research Institute), Saudi Arabia’s total military spending now amounts to at least 10.4% of its annual GDP. Compare that to Iran’s total military spending, which amounts to 2.76% of its annual GDP. (Even Washington’s massive annual military budget amounts to 3.5% of its GDP.)
It is clear that Saudi Arabia is using the Iran “threat” as an excuse to beef up its military arsenal more than ever before.
Last year, Saudi Arabia’s defense expenditures jumped 54%. Today, Saudi Arabia is officially the world’s largest arms importer. $1 out of every $7 that will be spent on global armaments in 2015 will come from Saudi Arabia.
Earlier this month, it was reported that Saudi Arabia had signed at least six new nuclear deals with Russia, under which Moscow will begin building at least 16 nuclear reactors across the kingdom in the coming months and years.
Meanwhile, the corporate-controlled media has convinced most Americans that Iran is the “real” threat to the region.
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Real-Time Market Update
(Courtesy of Finviz.com)
- GREECE VOTES “NO”. Greece’s voters have returned a resounding 61% “no” in a historic referendum on whether to accept the austere bailout terms offered by the country’s international creditors. Now what? (USA Today)
- RIGGED. 15 of the world’s largest banks are under investigation on suspicion of rigging the Brazilian currency (CNBC)
- FRACKING RULING. 7-to-0 ruling opens the door for OK homeowners to pursue oil and gas companies for fracking-related quake damage. (NY Times)
- GREEK CABINET SHAKEUP. Greek Finance Minister Yanis Varoufakis announces shock resignation. (Ekathimerini)