A short distance to the east of Cyprus, experiencing major economic woes, lies Israel where it is business as usual. Israel was just honored by a visit from the U.S. President; Israel’s secretly indebted banking system funds a militarist economy that boasts of power but leaks at every seam. It is the consummate actor, feigning prosperity while it hovers on the brink of national financial suicide. This is an update to Chuck Carlson's investigations into US dollar denominated, Israeli bonds.
According to a recent ABC News/Washington Post poll: "Among religious groups, sympathy for Israel peaks, at 76%, among evangelical white Protestants [Christian Zionist influenced]. Chuck Carlson discusses how this poll and others are skewed to favor Israel.
A history of two destroyed currencies might well have precluded Israel from selling its own shekel bonds. So, back at the turn of the 21st century, it seems to have invented a counterfeiting scheme to sell U.S. bonds to Americans. It now issues bonds in America, payable in dollars, not shekels. This is a follow-up story to Chuck Carlson's ground breaking story, "Devaluation Risk of Shekel Bonds."