I Thessalonians 5:20, 21

Do not despise expounding of scripture, but scrutinize all things. Hold fast that which is right.

Malo periculosam libertatem quam quietum servitium

- I prefer liberty with danger to peace with slavery.


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Wednesday, January 21, 2009

What Country is Not Mentioned as Having Bank Insolvency Problems?


The United States, Britain, Iceland, Ireland, Belgium, France, Canada, Scotland, Switzerland, Netherlands, Spain, Italy, Germany, Japan, South Korea, Latvia, China, Nigeria, Kazhanstan, Zimbabwe, and many others have experienced banking solvency problems during the world-wide financial crisis exposed initially by the sub-prime mortgage fraud originating in the United States.

The one country that is not mentioned in this long list of countries affected by the deliberately created economic and financial collapse we are now faced with is -


How can this be? How can every major developed - and several developing nations - be adversely affected by this international crisis - but Israel is not suffering in the least? No Israeli banks being bailed out, no Israeli banks being nationalized, no Israeli insurance companies, unlike American International Group in the United States, needed government intervention?

Other economies are deleveraging to a massive extend, resulting in stock markets collapsing around the world, but Israel is not experiencing the same deleveraging pressure as other nations.

Israel Seems Less Affected by Credit Crunch
Bank of Israel Addresses Global, Israel Economy Crisis
The Israeli banking system has shown remarkable stability

Check out this Israeli Congomerate: The Delek Group Ltd.

The Delek Group Ltd. (“The Group” or “Delek Group”) is one of the largest and most dynamic investment groups based in Israel. The Group is a holding and management company with a diverse operational spectrum investing in Israel and abroad.

Delek Group operates, through its subsidiaries, in Israel and abroad. The Group is a market leader in all its chosen diversified fields of operation: energy exploration and marketing, real estate, motor vehicle importing, finance and insurance services, biochemicals and media.

Delek Group prides itself on its ability to identify investment opportunities and build them into successful businesses. In recent years the company has focussed and expanded into the lucrative fields of crude oil refineries, delivery of natural gas and the construction of desalination plants.

RESEARCH ALERT-Clal raises Delek Group to "outperform"
TEL AVIV, Jan 18 (Reuters) - Brokerage Clal Finance on Sunday raised its rating for Israeli conglomerate Delek Group (DELKG.TA: Quote, Profile, Research) to "outperform" from "market perform" due to a large natural gas find off of Israel's coast.
Delek Group to "outperform"


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