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How the Palestinian financial system is tied up in Israel
May 23, 2024
Topics include Israel threatening to cut ties with Palestinian banks, Treasury Secretary Yellen warning of humanitarian crises, high U.S. military spending reasons, Nvidia's AI dominance, and the U.S. government's fight against Ticketmaster monopoly.
11:36
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Quick takeaways
- Israel's threat to cut off Palestinian banks could worsen Gaza's humanitarian crisis and destabilize the West Bank economy.
- Defense contractors overcharging the US military highlights loopholes and lack of transparency in pricing, contributing to high military spending.
Deep dives
Geopolitical Tensions between Israel and Palestine Impacting Banking System
Israel's threat to cut off Palestinian banks from Israeli correspondent banks has raised concerns over the potential disruptions in crucial imports of food, fuel, and electricity. This move could worsen Gaza's humanitarian crisis and destabilize the West Bank economy. The ongoing economic tensions escalated after Israel withheld tax revenue from the Palestinian governing body, following European countries' recognition of a Palestinian state.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode