Sunday, October 8, 2023
Decline..
The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over.
Treasury Secretary Janet Yellen gave her two cents on the subject of so-called “de-dollarization” during a congressional hearing on Tuesday — stating that no currency currently exists that could displace the greenback. While U.S. sanctions and foreign policy plays have inspired a backlash from China, Russia and other prominent countries — who are keen to dethrone the dollar — Yellen remains adamant that “it will not be easy for any country to devise a way to get around the dollar.”
She did, however, warn that the dollar’s share of global reserves may continue to decline as countries look to “diversify.”
Intelligence..
Hamas’ surprise attack on Israel suggests a massive intelligence failure as the Israeli government appeared blindsided by the infiltration of Hamas fighters across the southern border and the launch of thousands of rockets.
The Hamas assault by air, land and sea also raised questions about why U.S. intelligence agencies apparently did not see it coming, experts and former intelligence officials said.
This is Israel’s 9/11. Not since 1973 has there been such a catastrophic intelligence failure in Israel,” said Marc Polymeropoulos, who worked for 26 years for the CIA, where he specialized in counterterrorism, the Middle East and South Asia.
Israel’s intelligence services have long been seen as some of the most capable in the world, with an array of human intelligence, eavesdropping and other technical means blanketing the West Bank and Gaza.
“It is almost inconceivable how they missed this,” said Polymeropoulos.
New War..
The United States will send multiple military ships and aircraft closer to Israel as a show of support, Defense Secretary Lloyd Austin said.
Hamas fighters rampaged through Israeli towns as the country suffered its bloodiest day in decades on Saturday. Israel battered Palestinians with air strikes in Gaza on Sunday, with hundreds reportedly killed on both sides.
The spiraling violence threatens to start a major new war in the Middle East.
Austin also added that the United States will provide munitions to Israel, and that its security assistance will begin moving on Sunday. The Pentagon will be adding fighter jets to the region as well, he said.
U.S. President Joe Biden told Prime Minister.. A new war just started and the Pentagon sending war machineries...