War Fever in Israel Calmed For Now, Yen Breaks 161, Bank Reserves Hit 2024 Low

Bank reserves are at $3.268 trillion, barely above the previous crisis level of $3 trillion that triggered the last banking crisis in 2023.

• Israeli Defense Minister seeks agreement, not war with Hizballah, though this could be a strategy to wait for Trump to win to invade Lebanon.

• Bank reserves hit new low for 2024 at $3.268 trillion, red alert at $3 trillion.

• Yen breaks 161 against dollar, BoJ does nothing, next line may be 163, 1986 low.

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War Update – Is Israel Waiting for a Trump Presidency?

For those who are curious, yes I have the right to vote in Florida by absentee ballot, and no I am not going to vote in the American elections. This is the headline in Ynet, the biggest Israeli newspaper (a paper I am suing, by the way, for defamation against me):

It says, "Gallant (the traitorous Israeli defense minister that did absolutely nothing for 8 hours as we were being slaughtered and in my view deserves to die for this) pours cold water on war fever: "I said in the US, a deal for the withdrawal of Hizballah is acceptable".

The subtitles reads: "Defense Minister, who participated in the security cabinet after returning from Washington, says he explained to the Americans that Israel does not want war – but rather an agreement, if psosible. In the background: Worrying preparations in the US and Europe for imminent confrontations. Ben Gvir rages: "How can we not wage war?" Prime Minister: If citizens can return home (to the north), an agreement is possible."

For those worried about Ben Gvir, I know the man. He's not a serious guy, which is why he's allowed to stay in politics. He's just an outlet for the right wingers to tell themselves they have influence over something important when they do not, so Bibi can keep the right wingers obedient to him and remain in power.