Saturday, December 02, 2023

Bungling Biden Helps Facilitate the Hamas Attack on Israel

To the delight of neocons everywhere, the attack on Israel by Hamas offers yet a new opportunity to plunge America into another forever war. Pro-war advocate Lindsay Graham was quick to warn Iran:

“Here’s my message. If Hezbollah, which is a proxy of Iran, launches a massive attack on Israel, I would consider that a threat to the − to the State of Israel, existential in nature. I will introduce a resolution in the United States Senate to allow military action by the United States in conjunction with Israel to knock Iran out of the oil business. Iran, if you escalate this war, we’re coming for you.”

True to form, neocons just can’t resist the temptation to commit the children of other people into wars that don’t serve America’s vital interests. As long as they or their loved ones aren’t on the front lines, anything goes.

But I digress…

Follow The Money Trail

Whenever you examine post-WW2 conflicts that involved the U.S., you’re drawn to the inescapable conclusion that every military action resulted in significant financial benefit for corporations or individuals. For example, the origin of the Ukraine war is rooted in deliberate actions by the Obama administration to destabilize the duly elected government of Viktor Yanukovych. But why? Somehow, it seems tied to the ongoing effort by the West to isolate and alienate Russia. How did the image of Boris Yeltsin standing on a tank outside parliament in Moscow become buried to the extent that most people under 40 don’t even know it happened? In the 1990s, Russia virtually emasculated itself in an effort to become part of the family of western democracies. Yet, all its overtures were rebuffed by a military alliance that understood how much money was at stake.

The answer to the mystery is actually quite simple. What purpose would NATO serve if Russia wasn’t an enemy, and how many western companies would suffer financially if NATO disbanded if Russia became an ally?

The Attack on Israel Changes the Money Dynamic

Hamas is a disgusting terrorist organization that stoops to subhuman tactics to achieve its goals. While they truly hate Israel and the Jewish people for some inexplicable reason, make no mistake, they are also a sophisticated organization that operates for profit and is self-perpetuating. The last thing Hamas wants is a peaceful settlement between Israel and the Palestinians because an end to hostilities means the end of Hamas.

It’s important to understand that Hamas is not only a terrorist organization. They are the de facto authority in Gaza, winning elections in 2006 and seizing control of the government from Fatah in 2007. In addition to mass murder, Hamas also administers health services, food distribution and education for the two million people crammed into the small strip of land between Egypt and Israel.

In March, Hamas’s popularity in Gaza stood at 45%, but that number always rises substantially after every terrorist attack on Israel. More importantly, donations also skyrocket. Hamas already receives around $100 million annually from Iran, but that figure is likely to increase in response to Israel’s retaliatory action and the Biden administrations poorly timed diplomatic efforts.

From August 2021 to June 2023, Hamas raised over $41 million in crypto currency, which is extremely difficult to track. Eliminating the reporting requirements of mainstream financial institutions ensures that donors remain in the shadows, and while Binance and other exchanges are working to suspend wallets associated with terrorist organizations, the decentralized nature of crypto makes the task of eliminating Hamas’s funding channels almost impossible.

The reality is that attacking Israel is good for Hamas’s popularity and bottom line, and to be fair, we can’t ignore the reality that financial, humanitarian and military-related donations are pouring into Israel as well.

Was the Timing of U.S. Aid given to Palestinians in Gaza Coincidental?

Lost in the discussion and teeth gnashing over the Hamas attack is the strange development that occurred immediately prior to the start of the action. On October 3rd, Biden signed off on a $75 million payment to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). Ostensibly, the purpose of the aid is to provide food and other essential items for the residents of Gaza. However, the organization has a questionable history that includes dealings with affiliates of Hamas and other radical anti-Israel factions operating in Palestinian territories. In 2021, UNRWA’s Deputy Commissioner, Lenny Steinseth, thanked Hamas leader Yahya Al-Sinwar for his “positivity and desire to continue cooperation in facilitating the Agency’s work in the Gaza Strip.”

Just four days after Joe Biden signed off on the aid package, Hamas launched its attack on Israel.


In another apparent coincidence, Biden decided to free up $6 billion in frozen Iranian assets just weeks before the Hamas attack. According to the administration, the money is monitored and supposedly only used for humanitarian purposes, but anyone with half a functioning brain (obviously not Joe) would realize Iran will simply redirect surplus funds originally intended for domestic purposes to its terrorist program.

Watch Those Defense Stocks Rock

In general, defense stocks have been pummeled in 2023, with Raytheon (RTX) losing 30% of its market capitalization, General Dynamics (GD) losing 11% and Lockheed Martin (LMT) losing 17%. Yet, as the Biden administration sends munitions to Israel and moves aircraft carriers to the Mediterranean Sea, it looks like the Middle East is amped up with money and firepower, just waiting for something to trigger an escalation. 2024 is shaping up to be a good year for the U.S. military-industrial complex.

Good job, Joe! With the Ukraine proxy war steadily escalating, and the conflict in the Middle East looking promising, we only need to get that Taiwan-China thing stirred up, and the neocons on both sides of the aisle will reach as state of euphoric bliss.