Luxembourg Discovers Its Inner Warmonger: First War Bond Issued
RT reports that tiny Luxembourg has issued its inaugural war bond, aiming to meet its NATO defense spending targets. One might assume this is a noble, if belated, effort to shore up European security. Yet, Luxembourg's defense budget has traditionally hovered around a mere 0.6% of GDP, far below the 2% NATO target. This sudden fiscal surge for military expenditures, after decades of prioritizing,
shall we say, other investments, (perhaps in financial privacy that has made it a global tax haven for the wealthy) appears less about imminent threat and more about political posturing and pressure from larger military-industrial complexes. It's almost as if the collective West is rushing to rearm itself, even the nations that realistically couldn't defend a particularly aggressive hedge fund.
This neatly coincides with unprecedented military aid packages flowing to conflict zones and the booming stock prices of defense contractors. Luxembourg, joining the fray, merely adds another dropship's worth of capital into a global arms race, proving once again that when there's profit to be made, even the most peaceful nations will find a way to finance the next global conflagration.