China's Xi accused the US of trying to trick him into invading Taiwan, but said he won't take the bait, report says

US defense companies have indeed benefited from increased military spending. Although Raytheon is the only defense stock up a negligible amount over the last year. Having said that I still don’t agree with your argument. Most people have a diversified stock portfolio. Wealthy individuals and senior members of our government aren’t going to benefit more by the slight increase in defense stocks rather than a healthy economy. I do believe that we are seeing a deliberate attempt at removing American influence from the world by adversarial state actors. It not only includes current wars, but also through the destabilizing of the American dollar. Ultimately this is going to hurt our economy more than anything else. US defense stocks are still American companies listed on the US stock exchange which is listed in US dollars, a fiat currency with no underlying value except the full faith and stability of the American government. The level of destabilization produced by the current wars does not help the system in which we will live economically. Moreover, US defense spending represents 3.5% of our GDP and US defense stocks represents roughly 2% of the total market cap of US publicly listed companies. Politicians and senior members of our government are better off staying ahead of trending news and trading based on insider information.