One Billionaire's Genius Plan to Save the US Dollar From Collapse?

If you're holding any US dollars, you need to see what this tech titan is up to now... This could be the biggest change to our financial system since the creation of the Federal Reserve in 1913. Hurry... He has said he could flip the switch "as early as mid 2024."

Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment

ASTRID SUÁREZ
May 03, 2024

BOGOTA, Colombia (AP) -- Colombia has become the latest Latin American country to announce that it will break diplomatic relations with Israel over its military campaign in Gaza, but the repercussions for the South American nation could be broader than for other countries because of longstanding bilateral agreements over security matters.

Colombian President Gustavo Petro on Wednesday described Israel's actions in Gaza as "genocide," and announced his government would end diplomatic relations with Israel effective Thursday. But he didn't address how his decision could affect Colombia's military, which uses Israeli-built warplanes and machine guns to fight drug cartels and rebel groups, and a free trade agreement between both countries that went into effect in 2020.

Also in the region, Bolivia and Belize have also severed diplomatic relations with Israel over the Israel-Hamas war.

Here's a look at Colombia's close Israel ties and fallout:

WHY IS SECURITY COOPERATION BETWEEN COLOMBIA AND ISRAEL IMPORTANT?

Colombia and Israel have signed dozens of agreements on wide-ranging issues, including education and trade, since they established diplomatic relations in 1957. But nothing links them closer than military contracts.

Colombia's fighter jets are all Israeli-built. The more than 20 Kfir Israeli-made fighter jets were used by its air force in numerous attacks on remote guerrilla camps that debilitated the Revolutionary Armed Forces of Colombia. The attacks helped push the rebel group into peace talks that resulted in its disarmament in 2016.

But the fleet, purchased in the late 1980s, is aging and requires maintenance, which can only be carried out by an Israeli firm. Manufacturers in France, Sweden and the United States have approached Colombia's government with replacement options, but the spending priorities of Petro's administration are elsewhere.

Colombia's military also uses Galil rifles, which were designed in Israel and for which Colombia acquired the rights to manufacture and sell. Israel also assists the South American country with its cybersecurity needs.

WILL PETRO'S ANNOUNCEMENT AFFECT COLOMBIA'S MILITARY-RELATED CONTRACTS WITH ISRAEL?

It remains unclear.

Colombia's Foreign Ministry said Thursday in a statement that "all communications related to this announcement will be made through established official channels and will not be public." The ministry didn't immediately respond to a request for comment from The Associated Press, while the Israeli Embassy in Bogota declined to address the issue.

However, a day before Petro announced his decision, Colombian Defense Minister Iván Velásquez told lawmakers that no new contracts will be signed with Israel, though existing ones will be fulfilled, including those for maintenance for the Kfir fighters and one for missile systems.

Velásquez said the government has established a "transition" committee that would seek to "diversify" suppliers to avoid depending on Israel. He added that one of the possibilities under consideration is the development of a rifle by the Colombian military industry to replace the Galil.

Security cooperation has been at the center of tensions between the two countries. Israel said in October that it would halt security exports to Colombia after Petro refused to condemn Hamas' Oct. 7 attack on southern Israel that triggered the war and compared Israel's actions in Gaza to those of Nazi Germany. In February, Petro announced the suspension of arms purchases from Israel.

For retired Gen. Guillermo León, former commander of the Colombian air force, the country's military capabilities will be affected if Petro's administration breaks its contract obligations or even if it complies with them but refuses to sign new ones.

"At the end of the year, maintenance and spare parts run out, and from then on, the fleet would rapidly enter a condition where we would no longer have the means to sustain it," he told the AP. "This year, three aircraft were withdrawn from service due to compliance with their useful life cycle."

WHAT IS THE TRADE RELATIONSHIP BETWEEN THE TWO COUNTRIES?

A free trade agreement between Colombia and Israel went into effect in August 2020. Israel now buys 1% of Colombia's total exports, which include coal, coffee and flowers.

According to Colombia's Ministry of Commerce, exports to Israel last year totaled $499 million, which represents a drop of 53% from 2022.

Colombia's imports from Israel include electrical equipment, plastics and fertilizers.

Neither government has explained whether the diplomatic feud will affect the trade agreement.

___

Follow AP's coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america

Continue Reading...

Popular

The US fines Middle Eastern airline Emirates $1.8 million for flights that passed too low over Iraq

WASHINGTON (AP) — The Transportation Department said Thursday that it fined Middle Eastern $1.8 million for flights in regions off-limits to U.S. airlines while it allowed JetBlue Airways to sell seats on the planes.

Roku Eyes Enhanced Advertising Tech - Inks Pact With Fandango To Boost Ad Campaign Analytics

Roku reported Fandango partnership; aims to optimize ad spend and boost ticket sales via enhanced insights and advertising technology.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Microsoft Is Betting Big on AI, Outpacing Rivals with New Strategy

Satya Nadella, CEO of Microsoft, bet on AI future by partnering with OpenAI and investing in startups. Analysts see Microsoft as top public cloud leader by 2032.

Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem - Ad

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Top 2 Utilities Stocks That May Rocket Higher In June

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Breaking News: Elon Musk Invents New Type of A.I. - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

Following Historic Conviction, Donald Trump Is Facing More Criminal Charges With No Endgame In Sight

In a landmark legal battle, former President Donald Trump was convicted in New York last week, marking a significant moment as he faces other multiple charges across the U.S.

What's Going On With Novavax Stock?

Novavax, Inc. shares are trading higher Wednesday, and the stock is up by more than 300% over the past month. Here's a look at what's going on.

What President Biden's New Law Means for Investors - Ad

President Biden just signed a new law approving billions of dollars for one small but growing industry, and investors like Bill Gates and Peter Thiel are all over it. This expert just went public with all the details, including which stocks to jump on immediately.

Where Buffett, Gates, and Bezos Are Investing Now - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

Boil-water advisory lifted in Atlanta after water system problems

ATLANTA (AP) — Residents in Atlanta no longer must boil water before drinking it, officials said Thursday, six days after a west of downtown affected service and spurred the advisory.

Trump Convicted... Now What? - Ad

While the Left celebrates his conviction, and the Right rallies around him... the average American is not prepared for what happens next. It will be even more shocking... surprise Americans of all political leanings... and could ultimately result in the first American Dictator.

Disneyland employee dies after falling from moving golf cart in theme park backstage

ANAHEIM, Calif. (AP) — A Disneyland employee died after she fell from a moving golf cart in the backstage area of the Southern California theme park, authorities said Saturday.

Younger Generations Are Accelerating The Demise Of Mutual Funds

Mutual fund decline continues as ETF ownership rises, driven by lower costs and personalized solutions. Advisors must adapt to meet investor needs.

MAJOR BUY SIGNAL: Move Fast, Washington/Pelosi/Mill... - Ad

His system has found stocks that soared 1,174%, 2,123%, and 11,422%. But one investment he just uncovered in Washington D.C. could be his biggest discovery yet. It involves President Biden, Nancy Pelosi, trillions of dollars -- and the biggest economic shift since 1958.

JPMorgan's Top Strategist Sticks To Bearish S&P 500 Forecast, Warns Of 2008-Like Crash: 'Equities Continue To Price In Little Downside Risk'

JPMorgan Chase maintains bearish outlook on US stock market, predicting decline despite record highs. Fed may adjust projections and risks are abundant, but S&P 500 forecasts remain unchanged.

Apple's Warranty Updates, iPhone Support Duration, And More: This Week In Apple News

Apple Inc. has been in the spotlight this week with policy changes and revelations. From cracked screen repairs to iPhone support period, here's a round-up of the top stories.

Earn Instant Cash Flow (using THIS tactic) - Ad

Can you imagine earning $1,118,721/hr? That's what greedy Wall Street elites have been pocketing for 22 straight years. And now it's available to you.

Southwest Airlines CEO says he won't resign. A hedge fund is trying to get him fired

DALLAS (AP) — The CEO of said Wednesday he will not resign in the face of pressure from that wants him fired and that his leadership team will produce its own plan to boost the airline's .

Elon Musk Introduces Private Likes To Protect Users, But People Want To Know About The Rampant Adult Content On X

Elon Musk's social media platform X, formerly Twitter, is introducing a feature to keep likes private, aiming to protect users from potential backlash for their online activity.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

Stocks Ease Ahead Of Wednesday's Key Events, Apple Jumps To Record Highs, Bitcoin Tumbles To $66,500: What's Driving Markets Tuesday?

Wall Street traded slightly in the red on Tuesday morning as markets took a cautious stance ahead of the inflation report and the Federal Open Market Committee (FOMC) meeting on Wednesday.

An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO

DALLAS (AP) — Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems.

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

GM board approves another $6 billion share repurchase as the automaker gains momentum

WASHINGTON (AP) — General Motors approved another $6 billion share repurchase as the Detroit automaker continues to build momentum in 2024.

From Mac To Monolith: Apple Surpasses Microsoft As World's Largest Company By Market Cap

Apple traded above $216 a share on Wednesday morning, up over 4.5% on the day and 10% since its WWDC event on Monday afternoon.

Buy This Sub-$5 Play on His Final Masterpiece - Ad

I just issued my latest prediction on how this billionaire is about to shock the world with what I believe will be his final masterpiece. Once he flips the switch... Which could happen as early as mid-2024... I believe it could send this sub-$5 play skyrocketing in the coming months.

Myanmar's economy in crisis as civil strife disrupts trade and livelihoods

BANGKOK (AP) — Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods.

Is Tesla Done Downsizing? New Job Openings In Sales, Vehicle Service, Energy Storage Signal Growth Strategy Shift

The company now has openings for field service technicians for its energy storage segment as well as an opening for a Megapack sales engineer based out of Palo Alto.

Obama's 2024 Surprise: His Secret Plan to Finish What He Started - Ad

The ONLY way Democrats can keep the White House is to bring back Barack Obama. And there's a sneaky (yet 100% legal) way to achieve this. In fact, this disaster scenario is already underway. See what they're up to, and how you can get ready today.

Production starts at Senegal's first offshore oil project

DAKAR, Senegal (AP) — Production has started at Senegal's first offshore oil project, the Australian group Woodside Energy said Tuesday, as the country's new government eyes higher profits from natural resources.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service