Welcome back to New World next week. I'm James Corbett at Corbett Report.com.

And I'm James Evan Palado of Mediamonarchy.com. Our IQ scores dropping like flies. We've got that story plus plus scared politicians get strapped, but first,

peace is bad for business. War stocks plummet after Trump Kim summit, American defense

contractors were practically drooling over the prospect of all-out war with North Korea,

as Trump was all fire and furry last year. But Tuesday's summit between Trump and North Korean leader Kim Jong-un appears to have

dampened war profiteers' dreams of yet another catastrophic U.S.-led military conflict,

at least for now.

Demonstrating that even the slightest whiff of peace is enough to scare investors in America's

most profitable military contractors, as Trump and Kim were

signing a vague, non-binding agreement that's merely the first step towards a lasting diplomatic

solution. Shares of Raytheon fell 2.6 percent. Lockheed Martin tumbled 1 percent, Northrop Grumman

declined 1.3 percent. Boeing dipped 0.2 percent, and and general dynamics fell 1%. Financial analyst Brad McMillan

said, falling defense stocks represent investors fear that the chance for a hot war between

U.S. and North Korea, which he describes as one of the big potential growth stories recently,

could be slipping away. If weapons are used, they need to be replaced.

That makes war a growth story for these stocks.

What the agreement between Trump and Kim does, at least for a while, is take military conflict off the table.

But as Mint Press news notes, before we get all excited, let's remember that both fake sides in the U.S.

Congress just passed a 717 billion. News notes, before we get all excited, let's remember that both fake sides in the U.S. Congress

just passed a $717 billion war pigs budget, much of which will pretty much go right back

into the pockets of the aforementioned companies. James, there's a lot of different angles

to discuss on the whole Trump-Kim summit, but I think this is a particularly telling one.

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