Economically, Israel is bankrupt. Of course, this could have been predicted because Israel's economic structure is based on socialism.
Whenever a government of a state and its citizens spend more money than the value of the goods produced, economic bankruptcy will result. If it were not for aid from America, Israel's economy would have collapsed long ago. Israel is a 'welfare state' in every sense of the word — it is America's most favored welfare recipient.
While America's farmers, small businessmen and laborers are struggling to survive, the U.S. Government, dominated by Zionist Jews, are draining the pockets and purses of American taxpayers to support Israel's socialist economy and war machine.
Since the Israeli government knows, and the favored Zionists know, that the Zionist pressure in America will ensure that America will keep sending them massive amounts of money, Israel's government and its favored citizens spend money like drunken sailors. This practice leads to inflation and eventually to an economic collapse.
Comparing Israel to drunken sailors is unfair to sailors. Sailors spend their OWN money — Israel spends money it gets from America. Because Israel is a welfare state depending mainly on American aid for survival, it is on a down-hill slide. In 1982, Israel's inflation rate was 130%.
In 1983, it was 200%, and this year (1984) it is expected to exceed 400%. That means a hamburger that cost $1.00 last January will have risen to $5.00 by the end of December. History shows that no nation mired in economic problems as Israel has become, has ever avoided an economic collapse. Only with a massive increase in American financial aid can an economic collapse be averted — even then, this solution would only be temporary.
Regarding the destructive tendencies of socialism, there are circumstances that allow a country to successfully provide social programs to help its people. It is possible in a country that has sufficient financial resource and where its citizens are deeply religious and considerate toward their fellowmen.
NONE of this exists in Israel. Even in countries where conditions are ideal there lingers a danger. Since the government of the country provides for the needs of its citizens, most of these citizens have a tendency to lose incentive to work hard; and a country with a complacent citizenry is easily conquered.
From the book The Life of an American Jew in Racist-Marxist Israel, written in 1985. Mr. Bernstein was assassinated by the Mossad shortly after penning his works exposing the Zionist programme for world domination.