Kaiser on the war drums

An unexpected suggestion of Harvard as coal mine canary:

a few days ago, Harvard University divested themselves entirely out of all their Israeli investments. Why did they do that? In my view they anticipate that the United States will not be behind Israel when it will attack Iran. The United States will do to Israel what they did to South Vietnam, which is to say that they will abandon Israel. Nobody will support them. So the shekel and the Tel Aviv stock exchange are probably gonna be marked down by 80-90%. Harvard University obviously understands this. That’s why they dumped every shekel-based security they have in their portfolio, because that exchange is gonna go belly-up. Hold onto your matzahs, it’s gonna be a bumpy ride.

I have no idea if Israel actually will attack Iran over its newly operational nuclear reactor, but given the Obama administration’s proclivity to favor Islamic countries, it does appear increasingly likely that the present US government would be inclined to sit out any Israeli-Iranian conflict.

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