Aaron Katsman
IsraelNewsletter.com

In what could be seen as a sad reality, on the heels of today’s terror attack in the heart of Israel’s capital city of Jerusalem, the Israeli Shekel is rallying more than 1.5% against both the Euro and the US Dollar. It used to be that after a terror attack the Shekel would drop. Unfortunately, after years and years of living with terrorism, today’s attack which has left at least 4 innocent people dead and scores injured, has had no effect on the currency market. The shekel continues to be one of the strongest currencies in the world, even in the face of continued terrorism, missile attacks in the south, and the threat of some type of military conflict with Iran.

It’s a pretty sad state of affairs that we have become so anesthetized by terrorism that it makes virtually no impact in our lives.  We just continue on as if nothing has happened. Our thoughts and prayers are with the families of those that were killed, and we wish a speedy recovery to those injured.

Disclosure: Author’s fund has no position in any stock mentioned as of 7/02/08.

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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.

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Aaron Katsman
IsraelNewsletter.com

Common wisdom held that most global terrorism was caused by those people offended by the value system of the west as well as a hatred of Israel.  Now comes along Thomas Finger and dispels the myth. Apparently global warming is the cause of terrorism.

The Chairman of the National Intelligence Council spoke to Congress earlier this week. According to a CNN report he said, ” Climate change “will aggravate existing problems such as poverty, social tensions, environmental degradation, ineffectual leadership and weak political institutions. All of this threatens the domestic stability of a number of African, Asian, Central American and Central Asian countries.

People are likely to flee destabilized countries, and some may turn to terrorism.

The conditions exacerbated by the effects of climate change could increase the pool of potential recruits into terrorist activity.”

What a bunch of garbage. (Oops, bad choice of words, with all the landfill issues we face). Basically he is saying that due to economic hardship and political instability, people are going to start blowing themselves up and kill innocent people. Maybe he could give the human race a bit more credit. After all 30 years ago, when human destruction was threatened by an ice age, people didn’t flee to terrorism, and terrorists hijacked airplanes and killed Israeli Olympians in Munich, without knowledge of global warming. Correct me if I am wrong but doesn’t the world continually face poverty, social tensions and a lack of political leadership? Except for radical Islam and their Jihadists, we don’t see citizens who live  in countries with these issues, turn to terrorism. (Continue »)

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