The Obama administration’s announcement that the US and Israel have agreed on a record new package of at least $38 billion in US military aid over a 10 year period is an effort to appease the US arms industry, according to an American writer and researcher who is based in Washington, DC.
Walt Peretto made the remarks in an interview with Press TV on Wednesday, a day after the Reuters news agency reported that the 10-year pact between Washington and Tel Aviv is expected to be signed within days.
The deal will represent the biggest pledge of US military assistance ever made to any foreign party, American and Israeli officials told Reuters.
“According to reports this agreement prevents Israel from spending this money on its own weapons industry, and it must use it to purchase arms made in the United States,” Peretto said.
“It’s likely that this agreement is being made public to appease the US arms industry and hundreds and thousands of Americans that benefit finically from the arms industry both directly and indirectly. Many communities in the US rely disproportionately on this industry as well as having military bases in close proximity,” he noted.
“So there is a vested interest in releasing this information unabashedly with little criticism expected to be reported in the Western mainstream media,” the analyst stated.
“What will never be emphasized in the mainstream media is the role of the Federal Reserve as the issuer of the American currency with a zero oversight by the federal government,” said Peretto. “The Fed is not part of the American government instead it is a cartel of central bankers, mainly Israeli citizens.”
“So in fact it’s the people with great power and influence from Israel who legally print American dollars at will. They print as much as they see fit and then lend this paper – many times through computer digits – to the American government with debt attached,” he pointed out.
The Obama administration has given the Federal Reserve new powers to oversee the financial system and regulate it, but many believe the Fed is responsible for many of the ills afflicting the United States.
The American-Israeli deal requires at least $3.8 billion in annual aid, up from $3.1 billion per year under the current pact, which expires in 2018. Israel had originally requested at least $4.5 billion a year.
The new package will include money for Israeli missile systems, which until now has been funded separately by Congress. American lawmakers have given Israel about $600 million in annual funds for this purpose in recent years.
Israel is the largest cumulative recipient of US foreign assistance since World War II. America's military assistance to Israel has amounted to $124.3 billion since it began in 1962, according to a recent congressional report.
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