Sunday, May 31, 2009
Israel Preparing for War
Israel's foreign currency reserves reached the excessive level of $42.5 billion at the end of 2008. By now it must be around 60 billion and Bank of Israel is currently buying $100 million per day Monday-Thursday, and $50 million on Fridays.
What is the meaning of this forced accumulation of reserves? We are preparing for a war. That is my interpretation, have not seen it anywhere.
Iran is developing long range missiles as well nuclear weapons. From Europe to India everyone is in range and exposed to Iranian attack. Iran is like a man with a bomb in a cinema, it makes everybody extremely nervous. Iran feels strong and important, and possibly at this stage all that is seeking, but it is a very unstable situation.