This is why they push the Israel Bonds so hard at the state and local level.
One thing to know about Israel Bonds is that Israel Bonds are not Israel bonds.
Unlike bonds issued by the Israeli Finance Minister which can be bought and sold on public markets Israel Bonds are sold on a private retail basis. This means they cannot be resold bc there is no market to sell them on, and while they can be donated to charity or passed to a legal heir upon death of the original bond holder, they are otherwise non transferable.
So when the state of Florida buys $250 million in 2/3/5 year Israel Bonds they are stuck with them, rain or shine.
And yeah a $250 million hit to the state of Florida’s portfolio would definitely hurt but it wouldn’t necessarily be catastrophic. It’s a $272 billion portfolio after all.
But when a local municipality like Palm Beach County has $1.01 billion of their $4.6 billion portfolio tied up in Israel Bonds it becomes a VERY big deal… that’s enough to collapse the whole county with a default.
Which is one of the reasons Palm Beach County was specifically targeted for such entanglements. After all, it’s the home of Mar-A-Lago, and we know Trump would never let that happen.
Other local municipalities heavily targeted and now dangerously with huge Israel Bonds purchases?
Miami-Dade County: Marco Rubio’s home county.
Franklin County, Ohio: home to JD Vance’s alma mater Ohio State.
All this is to say that Israel is already doing what Mark suggests they do in this clip- but in a very targeted, hyperpartisan way.
Seeing as how the Republicans are on track to get wiped out in the midterms and not recover until *at least* 2030 people like Mark are very worried this strategy was a little too targeted and might not pan out the way they hoped.
IOW: Israel needs to diversify its investment portfolio.
The Israel Lobby's Mark Dubowitz insists that the US and Israeli militaries must be merged so tightly that any actions taken by a future administration against Israel "will impose costs on the US itself."
Our relationship needs to be intertwined to "such an extent that inflicting financial harm on Israel would also carry a significant cost for Washington," he wrote in a column earlier this month.
This is the real goal behind Section 219 of the NDAA—turning America into a dependent slave colony of Israel.