Another sign of the times. The Israeli Govt has requested that all foreign aid payments and loans be delivered in euro currency. US Secy State Rice has confirmed the formal request by Israeli foreign minister Tzipi Livni. The minister cited the rapidly declining USDollar exchange rate and its disfavor. Egypt was denied a similar request recently. Rice said, “In the spirit of Yom Kippur, the United States will not hold Israel to any agreements obligating them to accept dollars as payment for their foreign aid. We will translate our obligations in euros or whatever currency that best fits Israel’s needs. We need to place our Israeli obligations at the top of our national priority list. Israel should not suffer any inconvenience due to currency fluctuations.” So the American people should not expect to receive euro payments for federal pensions or Social Security payments. They can eat cake! As for the request out of Tel Aviv, you gotta admit, that took chutzpah.
Even more astonishing is that we agreed to it. "Israel should not suffer any inconvenience", says Condi. Wow, how far and fast the mighty do fall. See America's Secretary of State grovel. Who is next in line to take pot shots at America? Nicaragua?
2 comments:
Hey Neon. I've been reading your blog for some time, anticipating as you have that the doo-doo was eventually going to hit the fan and affect the US economy. Now that it seems to be happening, you've become all too quiet.
[Feel free to edit this part out: I'd be happy to hear more on the blog itself, or you can send an email reply to keep the topic going outside of the public eye.]
Hey thank you, peterbart, how awesome that someone actually reads my blog. Thus challenged, I will have come up with a post!
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