Posted on 08/03/2009 1:13:06 AM PDT by Tzvi INN.com
The Israeli shekel rose to its highest level in a year Monday morning against the sinking American dollar, under severe pressure as U.S. President Barack Obama continues to pile up the U.S. debt. The shekel-dollar rate now is trading at 3.769 after touching 3.764 earlier in the morning.
Expectations are that today’s rates may be high compared to what is ahead. Merrill Lynch predicts that by next year, the rate will drop to 3.40, which would make the shekel worth 29.5 cents, compared with 26.5 cents today.
(Excerpt) Read more at israelnationalnews.com ...
Obama, Soros, the Rothschild’s & Rockefeller’s plans working perfectly then.
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