Israel does not need US funds at all

Submitted by yuval Brandstetter MD (Israel), May 27, 2011 at 15:27

In the last 18 months as the US dollar collapsed, Israel Central Bank chief Stanley Fisher bought dollars at a rate of 100 million dollars a day, every day, for weeks on end. His goal to keep the dollar at 3.5 sheqels so as to maintain the viability of Israeli exports to the US.

Thus he amassed 75 billion dollars in the treasury, funds he has no use for

Does Israel need the annual 3 billion dollar handout from the USA?

No. But it keeps Israelis thinking they are dependent on America for that handout, from breaking free of that bond.

It keeps certain antisemitic Americans thinking Israel is no more than another middle Eastern regime with its hand out to raid the badly depleted US treasury.

Why Netanyahu keeps up the pretence of dependence, i do not know. But if Congree had turned the cold shoulder on him as the administration has, he would have turned US aid down and demanded the US block all aid to Egypt, UNWRA, USAID, the Dayton Force, etc etc ad nauseum

Its time the US congress halt all aid to the ME, inclusive of Israel. All it does is finance the unending grievance, and weakens Israel's bargaining postion.

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