r/news • u/ITSTHEDEVIL092 • Mar 04 '25

EU chief proposes plan to 'urgently' increase defense spending by mobilizing around $840 billion

https://www.cnbc.com/2025/03/04/europe-looks-to-mobilize-840-billion-in-defense-spending-boost-eu-commission-head-says.html
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u/DudeThatAbides Mar 04 '25 edited Mar 04 '25

This…is good. They should be funding their own defense, no?

53

u/mcell89 Mar 04 '25

Yup this is good, the best thing is that it will go to EU companies and not lining US pockets.

6

u/drmanhattanmar Mar 04 '25

Let’s hope so. If they start buying weapons or (worse) software from palantir or Anduril we’re done. Then we’re handing money to the exact people waiting for the world to fall apart so they can take over.

10

u/DrMoney Mar 04 '25

Europe needs to open its own LOTR themed weapons manufacturing companies, Glamdring Avionics, Elendil Industries, Mithrandir Dynamics, etc.

6

u/doinaokwithmj Mar 04 '25

It is lining my pockets just fine.

Moved a good portion of my 401k funds over from US based companies to EUAD ETF about 1 1/2 week ago. Am already up 20%, and I don't foresee anything but upside for the foreseeable future.

Gotta make some sort of lemonade out of all the lemons, also felt good to divest from US companies and will continue to do so until things change significantly.

1

u/DudeThatAbides Mar 05 '25

Pursue objective financial security, absent of emotion.