Bumped up for Caller .. Joy
Articles Relating To Israel~ 2009 - 2010 ~ Iraqi dinars hot prospect for Israeli speculators ...(another oldie but goodie)... And ..September 2011 ~ Israel Protests ...Calls for Economic Change ... And .. June 2011 ~ Israel to start big war games next Thurs. on multi-front war ...
March 1, 2012
Next Leg Of The Ponzi Revealed - Foreign Central Banks To Begin Buying US Stocks Outright Starting Today
We were speechless when we read this ..
"Israel to Begin Investing Reserves in U.S Equities Today" from Bloomberg.The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S. equities.
The investment, which in the initial phase will amount to 2 percent of the $77 billion reserves, or about $1.5 billion, will be made through UBS AG and BlackRock Inc. (BLK), Bank of Israel spokesman Yossi Saadon said in a telephone interview today. At a later stage, the investment is expected to increase to 10 percent of the reserves.
A small number of central banks have started investing part of their reserves in equities. About 9 percent of the foreign- exchange reserves of Switzerland’s central bank were invested in shares at the end of the third quarter, the Swiss bank said on its website.
The investment will be made in equity index trackers and will include between 1,500 to 2,000 shares, among them stocks like Apple Inc. (AAPL), Saadon said.
Read Article by Tyler Durden Here
