Wall Street and The War On Iraq

We wrote about 135 Billion recently – the total Wall Street compensation for the year 2010. That number is strikingly close to another number that is a US priority – the war on Iraq and Afghanistan. According to the Department of Defense, the US has budgeted 159.3 Billion USD for the wars in Iraq and Afghanistan for the year 2011.

Statistics Source: Defense.gov

This equals that!

And, thinking that Wall Street deserves that 135 Billion would be a classic ‘fooled by randomness’ scenario. Iraq and Afghanistan we understand – Wall Street, we don’t !

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97 Percent of Afghan GDP is International Military Spending

We spotted this today:

“The World Bank found that a whopping 97 percent of the gross domestic product in Afghanistan is linked to spending by the international military and donor community.”

Statistics Source: ThinkProgress

We have written about iraq war statistics and US military spend statistics

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Japan’s Earthquake Impact: Just One-Fifth Of US War Budget For 2011

This from AIR Worldwide: “Based on currently available information, catastrophe modeling firm AIR Worldwide estimates that insured property losses from the Mw9.1 earthquake that struck Japan on Friday will range between 1.2 trillion JPY to 2.8 trillion JPY. Using today’s exchange rate of 81.85 JPY to the dollar, this translates to a range of between 15 billion USD and 35 billion USD. ”

We have written about the US war budget for 2011: Wall Street And The War In Iraq. “According to the Department of Defense, the US has budgeted 159.3 Billion USD for the wars in Iraq and Afghanistan for the year 2011.”

So there it is – the painful comparison – US Has Budgeted 5 To 10 Times The Total Economic Impact Of The Earthquake For War In 2011.

Statistics Source: AIR Worldwide

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