| Editor's Note: My colleague, Dr. Kent Moors, spent over four decades as an Intelligence officer - and today he has a shocking update for 2019. I urge you to see this right away.
The Department of Defense Released Their 2019 Budget... And It's Going to Be HUGE. Dear Power Profits Reader,
Safeguarding America's sovereignty and security weighs in at a hefty price.
And if I've learned anything in my 40 years of working in the Intelligence Community, it's that the Department of Defense is notorious for exceeding its budget.
Here's a breakdown for you...
2016 Yearly Budget: $521.7 billion
2016 Actual Spending: $767.3 billion
2017 Yearly Budget: $523.2 billion
2017 Actual Spending: $818.2 billion
2018 Yearly Budget: $574.5 billion
2018 Actual Spending: $874.4 billion
And for 2019, the DoD claims a base budget of $597.1 billion.
But if actual spending continues to follow the same trend, you can bet this year we'll reach all-time highs.
Combine this with President Trump's 2018 military spending bill and Congress's agreement to repeal sequestration for defense for two more years, and you've got a goldmine.
The time to invest in defense is yesterday.
And all that's going on right now in the South China Sea is just the icing on the cake. (Shocking satellite images...)
The Pentagon has been covertly placing big bets on a new generation of defense contractors...
And I have the name of one tiny company at the center of the action.
Take a closer look.
Sincerely,
Dr. Kent Moors Global Energy Strategist, Money Morning
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