Trump administration about to give Israel $3.8 billion

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Trump administration about to give Israel $3.8 billion

Despite the fact that legislation to give Israel $38 billion over the next 10 years is still pending, the Trump administration is about to give Israel the first installment – $3.8 billion – for the 2019 fiscal year, which officially began Oct. 1st.

This amounts to $7,230 per minute to Israel, or $120 per second.

The decision to start giving Israel this money immediately rather than waiting for the legislation to pass is based on implementing the Obama administration’s 2016 Memorandum of Understanding (MOU) with Israeli Prime Minister Benjamin Netanyahu.

The money will be deposited in an Israeli account at the New York Federal Reserve Bank. This is an interest bearing account, meaning that Israel will get even more money from the U.S. economy.

The New York Federal Reserve Bank, where Israel has an interest-bearing account.

Because the Obama-Netanyahu MOU is non-binding, Israel partisan are pushing through legislation making…

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