Israel worried about the decline of the U.S.

What happens once the United States is unable to come to Israel’s aid? That’s the question one Israeli columnist considered recently at the Jerusalem Post. Amotz Asa-El wrote last Thursday:

From what we have so far seen, Obama is assuming that the laws of financial gravity do not apply to the U.S. Like the Israeli bankers who used to argue that in Israel there will always be inflation, until a resolute Bank of Israel proved that even the shekel could be made rock solid, Obama now thinks America can multiply its public debt and budget deficit, nationalize dinosaurs like General Motors and legislate prohibitive social spending without saying where its financing will come from—and yet the financial markets will stand by idly.They won’t.America’s public debt is already 55 percent of gdp, twice its share in the ’80s, and the U.S. budget deficit is expected to hit $1.6 trillion this year and a further $9 trillion by 2019. If what we are witnessing is not somehow reversed, the dollar will collapse exactly the way of the Russian ruble, the Thai baht and the Malaysian ringgit did last decade, in response to their governments’ fiscal derelictions. The only difference will be that a traumatized dollar will take with it America’s geopolitical sway.What will Israel then do? Will it by then have found viable alternatives to its grand alliance, say in India, China or Russia or, who knows, maybe even in a post-Islamist Iran?

Actually, as the Trumpet has written for years, when this happens, Israel will go to Germany. See our article “Can Israel Trust Germany?” for more information.