Posted November 01, 2018 08:23:25 Chemicals used in Israel’s military and nuclear arsenal could flood the US stock markets this year, making it harder for the government to contain inflation and raise interest rates, according to a new study from a leading banking group.
“We believe that it’s a game changer,” said John Stearns, chairman of Credit Suisse Group AG, in an interview.
“The next wave of cheap natural gas will hit the markets.”
The study, which was published on Thursday in the Journal of Financial Research, found that Israeli chemicals could make it harder to maintain financial stability in a world where high unemployment, rising inequality and a growing population are among the main challenges facing economies around the world.
“With unemployment, income inequality and inequality of wealth, it is the most challenging time we have ever seen for the global economy,” said Stearnes, who also serves as the CEO of the International Monetary Fund.
“In this environment, it would be very difficult for the United States to continue to operate.”
The Israeli military, which has used chemical weapons against Palestinians in the West Bank and Gaza Strip, and its nuclear arsenal, have been criticized by human rights groups for their use.
Israel’s Prime Minister Benjamin Netanyahu, who has ruled the country for 22 years, is widely expected to seek a third term in 2019.
Israel has faced increasing pressure in recent years over its use of chemicals in the Gaza and West Bank.
The country has also been rocked by an ongoing investigation by the United Nations into the potential use of chemical weapons by Israeli forces in the occupied West Bank last summer.
Israeli authorities have denied any wrongdoing.
Stearn said he expects Israel’s stock market will experience a similar decline this year.
In a statement on Thursday, Stears said he believes “a big part of the reason for the decline is the use of a lot of these chemicals”.
“The Israeli market is in a precarious situation right now because of the Israeli government’s policies,” he said.
“This is a very dangerous situation for a lot the other countries that are dependent on Israel for their energy and their financial markets.”
Israel has been struggling to recover from the fallout of the nuclear war in neighboring Syria.
Israel also faces international sanctions after an Israeli airstrike in March killed two Syrian soldiers.
In March, the Israeli military shot down a Russian Su-24 jet in the Golan Heights.
The attack marked the first time an Israeli plane had attacked another country’s military in more than five years.
The Su-25 jet has been used to attack Syrian troops.
The latest chemical attack comes as Israeli forces have expanded a buffer zone along the border with Syria, where the army has clashed with fighters from Lebanon’s Hezbollah group.
Stenchers said the use in the United State of Israeli chemical weapons could create new opportunities for Israel to continue its nuclear weapons program.
“I think that’s the potential that Israel has, as well,” he added.
But Israel is not a danger to the United World.””
A lot of people think about the United Kingdom and the United Arab Emirates as being very dangerous places.
But Israel is not a danger to the United World.”