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Palm Beach County in Florida Bought 1 Billion in Israeli Bonds with Taxpayer Money
Posted on 1/11/26 at 1:09 am
Posted on 1/11/26 at 1:09 am
https://www.palmbeachpost.com/story/news/local/2026/01/08/palm-beach-county-billion-invested-israel-bonds-most-in-world/88065280007/?gnt-cfr=1&gca-cat=p&gca-uir=false&gca-epti=z11xx03p118950c118950d00----v11xx03&gca-ft=66&gca-ds=sophi
Because it is. 0.5% higher return, allegedly as they claim.
This post was edited on 1/11/26 at 1:11 am
7
Posted on 1/11/26 at 1:13 am to AFstAF
This has been happening for years but they just put 300+ mil in the last buy. Saw it on Tucker, it's unfathomable. If this James Fishback runs for governor I'm voting for him on this alone.
Early life checks out. Not sure how he's 4th generation when his mother immigrated from Colombia, I guess that means on father's side.
Loading Twitter/X Embed...
If tweet fails to load, click here. Early life checks out. Not sure how he's 4th generation when his mother immigrated from Colombia, I guess that means on father's side.
quote:
James Fishback, a fourth-generation Floridian, was born on January 1, 1995, in Davie, Florida.[5] His mother immigrated from Colombia, and his father worked as a tree trimmer before becoming a bus driver. He attended public schools in Broward County, and participated in his high school's debate team.[6][7][8] Fishback enrolled at Georgetown University to study international economics but dropped out at age 21 to pursue a career in finance.[9]
This post was edited on 1/11/26 at 1:16 am
Posted on 1/11/26 at 1:15 am to AFstAF
Israel Bonds yield around 4.49%, outperforming the county's average return of about 3.5% and offering 55–100 basis points (0.55–1.00%) more than comparable U.S. Treasury investments. They generate approximately $47 million in interest over the next three years, with the overall $1 billion portfolio expected to yield around $136 million in interest over 2–3 years including about $23 million more than alternative investments. These earnings help offset taxpayer costs and support county operations. Investing in Israel Bonds is pretty smart because they have never defaulted and the bonds are backed by the full faith and credit of the State of Israel.
An extra 23 million a year pays for a lot of employees for one county.
An extra 23 million a year pays for a lot of employees for one county.
Posted on 1/11/26 at 1:17 am to AFstAF
You are ate the frick up with your obsession with Jews.
Posted on 1/11/26 at 1:20 am to MrLSU
quote:
Israel Bonds yield around 4.49%, outperforming the county's average return of about 3.5% and offering 55–100 basis points (0.55–1.00%) more than comparable U.S. Treasury investments. They generate approximately $47 million in interest over the next three years, with the overall $1 billion portfolio expected to yield around $136 million in interest over 2–3 years including about $23 million more than alternative investments. These earnings help offset taxpayer costs and support county operations. Investing in Israel Bonds is pretty smart because they have never defaulted and the bonds are backed by the full faith and credit of the State of Israel.
An extra 23 million a year pays for a lot of employees for one county.
I'm sure they couldn't find that 0.5% anywhere else that is more secure. Are you kidding me?
Posted on 1/11/26 at 1:22 am to Centinel
quote:
You are ate the frick up with your obsession with Jews.
You're okay being a slave and a host, I'm not.
Posted on 1/11/26 at 1:25 am to Centinel
This guy is a new poster. He posts inflammatory stuff. Don't engage with him. He doesn't have any opinions beyond stirring discord. He is not an intellectual that entertains productive discourse. He just wants to russle your jimmies.
Posted on 1/11/26 at 1:27 am to 10thyrsr
quote:
This guy is a new poster. He posts inflammatory stuff. Don't engage with him. He doesn't have any opinions beyond stirring discord. He is not an intellectual that entertains productive discourse. He just wants to russle your jimmies.
My jimmies are rustled that a US county put a huge bundle of tax dollars in an unsafe shitty investment most likely for political or bribery reasons.
This is the face of treason
Posted on 1/11/26 at 1:34 am to AFstAF
quote:
I'm sure they couldn't find that 0.5% anywhere else that is more secure. Are you kidding me?
No one comes even close for both the higher yield amount and the safety than the Israel Bonds. Sure you can get marginally better yields but those are much riskier for investors. You can buy the US treasuries for safety but they don't have the yield that Israel Bonds have.
Secondly if Florida was stupid enough to do such a thing the retaliatory effect of this would make Florida's bond market more expensive which would mean taxpayers would have to pay higher taxes to offset the higher borrower costs because it would reduce the demand for those bonds they are selling perhaps by as much as 10-50 basis points.
There is a reason this gentleman didn't make it in international economics at Georgetown. He wasn't smart enough to understand the international markets.
Posted on 1/11/26 at 1:36 am to MrLSU
quote:
https://tradingeconomics.com/bonds
Israel is lower than most high medium risk bonds, yet somehow they got it up to 4.49%. It ranks them at 3.75%.
This post was edited on 1/11/26 at 1:37 am
Posted on 1/11/26 at 1:39 am to AFstAF
quote:
My jimmies are rustled that a US county put a huge bundle of tax dollars in an unsafe shitty investment most likely for political or bribery reason
Israel Bonds are Tier 1 (same as US treasuries) and backed by the Israeli government so that they never default just like US treasuries are backed by the US. You have no idea what you are talking about at all.
Posted on 1/11/26 at 1:39 am to MrLSU
quote:
Sure you can get marginally better yields but those are much riskier for investors.
13% vs 4.5% isn't marginal. I'd would rank Brazil "marginally" riskier than Israel.
This is a dogshit "gain" for the risk factor they took. You damn well know that percentage fraction had nothing to do with it.
Posted on 1/11/26 at 1:43 am to MrLSU
quote:
Israel Bonds are Tier 1 (same as US treasuries) and backed by the Israeli government so that they never default just like US treasuries are backed by the US. You have no idea what you are talking about at all.
Why are they tier one, they had an invasion with 1k people being killed and are surrounded by a region engulfed in civil wars and terrorism. What magical guarantor makes them tier one? Who is going to pay their debt if they implode?
quote:
In April 2024, Palm Beach County’s investment in Israel represented roughly a quarter of all bonds the Middle Eastern country had sold globally since the Oct. 7, 2023, attack by Hamas terrorists, according to the Jewish Telegraphic Agency.
A county owning a quarter of Israeli bonds. That's safe.
This post was edited on 1/11/26 at 1:49 am
Posted on 1/11/26 at 1:48 am to AFstAF
quote:
Israel is lower than most high medium risk bonds, yet somehow they got it up to 4.49%. It ranks them at 3.75%.
You are looking at the standard non-USD Israel Bonds which are in Israeli shekels. The premium Isreal Bond is USD denominated which is sold through the Development Corporation for Israel (DCI). These are structured bonds issued in US dollars like Sabra, Maccabee or Jubilee Bonds which are tailored for American buyers with no currency conversion risk. These are priced .9 to 1.25% over the equivalent US treasuries rate. The bonds they bought have a higher yeild due to the premium built in with zero FX risk for US buyers.
They have a fiduciary duty to find the best investments out there with the least amount of risk and that's what they did when they bought the Israel Bonds.
I don't even know why I'm even telling you this its apparent you are uninformed on how the Bond markets work.
Posted on 1/11/26 at 1:53 am to MrLSU
quote:
They have a fiduciary duty to find the best investments out there with the least amount of risk and that's what they did when they bought the Israel Bonds.
You did not just use "fiduciary" in the same sentence as Israel Bonds.
It's so fiduciarily dutiful to own 25% of country's debt that's constantly engulfed in crises or attacks/threat of an attack.
PBC should be charging them double or triple of what they're getting and you're here stanning for them.
It's like pissing on my head legs and telling me it's raining. They just had attack that killed 1000 of people, are still at war in Palestine, and have just had a missile shootout with Iran.
4.49. That's some fiduciary negotiations. You shouldn't be throwing stones in a glass house when discussion investment risk analysis.
This post was edited on 1/11/26 at 1:55 am
Posted on 1/11/26 at 1:53 am to AFstAF
quote:
Why are they tier one, they had an invasion with 1k people being killed and are surrounded by a region engulfed in civil wars and terrorism. What magical guarantor makes them tier one? Who is going to pay their debt if they implode?
A lot of people wonder the same thing when looking at geopolitical risks. You're right that the US has faced massive challenges, including ongoing domestic political polarization, and a world full of conflicts and terrorism surrounding allies and trade partners. So why do rating agencies (and the global market) still treat US Treasuries as Tier 1—the absolute safest sovereign bonds in the world?
The short answer: It's not about zero risk; it's about the lowest relative risk in a world where every country has vulnerabilities. No country is immune to crises, but the US treasuries and premium Israel Bonds stands out for structural reasons that make default extraordinarily unlikely.
Posted on 1/11/26 at 1:59 am to MrLSU
quote:
A lot of people wonder the same thing when looking at geopolitical risks. You're right that the US has faced massive challenges, including ongoing domestic political polarization, and a world full of conflicts and terrorism surrounding allies and trade partners. So why do rating agencies (and the global market) still treat US Treasuries as Tier 1—the absolute safest sovereign bonds in the world?
The short answer: It's not about zero risk; it's about the lowest relative risk in a world where every country has vulnerabilities. No country is immune to crises, but the US treasuries and premium Israel Bonds stands out for structural reasons that make default extraordinarily unlike
I can answer that, military budget and net resources/wealth that's accumulated here. Nobody is better armed than US, but plenty of nations appear more stable at the moment. Same cannot be said about Israel and it shouldn't be in Tier 1 as it stands, whether America promises to bail them out(there it is) or not. If US goes into any sort of civil unrest, Israeli bonds won't be worth squat.
My point being the rate is absurdly low that PBC got for the risk they took on. A quarter of a nation's debt is wild for a single county to take on. Truth being told now that I explored the subject below superficial level, I now have a valid outrage. I wonder who else is loaning Israel money and at what rate, that would really shed a light on the situation.
This post was edited on 1/11/26 at 2:05 am
Posted on 1/11/26 at 5:03 am to AFstAF
You needa change your screen name to RetardedAF
Posted on 1/11/26 at 7:06 am to AFstAF
50 basis points is a lot of money at that level of investing
Posted on 1/11/26 at 7:34 am to AFstAF
This is just stupidity. It's like saying, "I love the environment, so I won't invest in any companies that produce oil. I also believe in peace, so I won't invest in defense companies. Oh, and I'm a moral purest, so I won't invest in gambling, alcohol, or tobacco. Now go beat the S& P!"
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