Thursday, August 16, 2007

US-Israeli Military Aid Deal

The US stock market, beset by the widening fall-out of overextended American greed within the whole of the residential real estate investing/brokerage/financing market, has seen volatility this past two weeks that resembles a graph drawn by a cricket trying to stand on a hot backyard grill. At this point, the only thing keeping the market from plunging once-and-for-all into the depths of the Earth are near-daily infusions of capital by major banks and governmental agencies in several key countries.

Meanwhile, US-Israeli negotiations have warmed to the extent that the US Undersecretary of State (Nicholas Burns) has just signed a deal that pledges US$30 billion in military aid to Israel over the next 10 years. Consider this as a couple of 5-year plans from the near-finished Bush administration. What are they pledging to beef up Israel for? War with Iran? With Syria? With ________
(insert country here)? Are they hoping to provide Israel with deterrent arms that could be pressed into service if/when the US mounts a liberation/terrorist war against another Middle Eastern country?

Time will tell.

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