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US Pension Funds to Israel - Guaranteed by US Govt

US Pension Funds invested in Israel - Guaranteed by US Government.

... At Berkeley, the hot topic was a bill in the California state legislature to permit state employees' and state teachers' pension funds to invest in Israeli bonds guaranteed by the U.S. government. At that point the bill had been passed by the California State Assembly, and the Senate was expected to take up the issue sometime in September. It is only one part of an effort by the government of Israel's lobby in the United States to move some of the ever-increasing aid to Israel out of the federal budget, where it is becoming a real issue, into investments in Israel bonds by the huge state government pension funds. By turning such funds, from many different U.S. states and cities, into a major source of aid to Israel, its U. S. Lobby hopes to defuse a potentially explosive issue. ...

Whether or not this effort will succeed will depend on the amount the American public learns about the purchase of Israeli bonds by the widely scattered pension funds. Already, some 12 states have authorized this new means of financing Israeli deficits, which are mounting and are no more likely to be repaid than Israel's direct debts to the U.S. government. (Israel has never repaid a loan from the U.S. government. All, eventually, have been forgiven by the U.S. Congress.)

Since in the end these bonds issued by Israel will be the responsibility of the American government if Israel is unable to repay them, it makes little difference whether the aid to Israel is voted by Congress or authorized by the state legislatures, which control state pension funds. Either way, U.S. taxpayers ultimately will foot the bill. ...

No other country has such access to U.S. pension funds, and Israel is hardly the best risk. Japanese, German or other bonds from industrialized nations have had far better in vestment ratings. But the key to Israeli access to the funds has been that these formerly extremely risky Israeli bonds now are guaranteed by the U.S. government. No U.S. state or municipal bonds carry such U.S. government guarantees, of course.

http://www.wrmea.com/backissues/0993/9309017.html



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Just the tip of the iceberg

If Israel starts a war and their oil supply is cut off (and ours too)... The US must supply them with oil at our expense.

UNITED STATES OF AMERICA
and
ISRAEL
Memorandum of Agreement concerning an oil supply
arrangement (with annex). Signed at Washington on
26 March 1979

http://untreaty.un.org/unts/60001_120000/6/27/00011344.pdf

"Give a man a gun, and he could rob a bank. Give a man a bank, and he could rob the world."

Wow.

.

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U.S. taxpayers ultimately will foot the bill. ...

(Israel has never repaid a loan from the U.S. government. All, eventually, have been forgiven by the U.S. Congress.)

But the key to Israeli access to the funds has been that these formerly extremely risky Israeli bonds now are guaranteed by the U.S. government. No U.S. state or municipal bonds carry such U.S. government guarantees, of course.

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Pretty disturbing , huh?!

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"I truly wish that real life would no longer surpass the worst excesses of my nightmarish imaginings... Arthur Silber **

"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd

Yes, I would

say that is disturbing. Does anyone else think that is disturbing?

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Israeli extortion racket following 'honey pot' operation...

McGreevey strengthens bonds between Israel, New Jersey

Marilyn Silverstein, NJJN Political Correspondent

Close to 200 pro-Israel activists gathered at the governor's mansion in Princeton on July 31 to celebrate two unprecedented events: Gov. James E. McGreevey's initialing of a declaration to foster bilateral trade between New Jersey and Israel, and his announcement of the state pension system's purchase of $20 million in State of Israel Bonds.

"This is a wonderful day — a glorious day," McGreevey said in an emotional and extemporaneous speech before presenting a $20 million check to Joshua Matza, president and chief executive officer of State of Israel Bonds.

"You know I have a love affair with the Jewish community," the governor said. "We as a people understand the sacred necessity of the State of Israel. It is a fulfillment of the vision of coming home.

"As a state, we understand that our economic partner, our spiritual partner, is the nation state of Israel," McGreevey said. He predicted that in these tough economic times, the investment in Israel Bonds would lift up both the State of Israel and the state of New Jersey. "This is truly a mitzva."

"Give a man a gun, and he could rob a bank. Give a man a bank, and he could rob the world."

Let me see, this is the same

Let me see, this is the same state NJ political apparatus investigated for corruption, Rabbis laundering money through charitable organizations, selling human organs, and so on and so forth.

*pffft*

"Banking establishments are more dangerous than standing armies."
Thomas Jefferson, 1799

"Banking establishments are more dangerous than standing armies."
Thomas Jefferson, 1799

Interesting

if the dollar crashes in Sept. I wonder what happens.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.