As the world seems to become increasingly unstable, nations across the globe are investing huge amounts of money on defense budgets

Israel-Hamas-news

Revelation 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • Rising global threats force ‘epoch-making’ shift in world order
  • The return of great power competition across the globe is forcing countries to adapt, spurring major changes to alignment and spending from Europe to the Indo-Pacific to the Middle East.
  • The change is everywhere on the map — but most evident in countries like Sweden and Japan as the nation’s make dramatic changes to meet rising threats from Russia and China.
  • “I’ve described the security environment as the most dangerous I’ve seen in 40 years in uniform,” said U.S. Adm. John Aquilino, head of Indo-Pacific Command, before the House Armed Services Committee this month.
  • The rise of new tensions has driven up defense spending worldwide. In an annual report this year, the International Institute for Strategic Studies found defense spending was up 9 percent worldwide last year, reaching $2.2 trillion.
  • European countries collectively drove spending up from about $350 billion in 2021 to more than $388 billion in 2023, while Asian nations bumped that from more than $500 billion to higher than $510 billion in the same time frame.
  • The spending bumps go hand-in-hand with public opinion. A November Ipsos poll of 30 countries found 84 percent of people believe the world is becoming more dangerous, up from 74 percent in 2018

Read the original article by clicking here.