Lessons (Re)Learned

October 31, 2023

by James Rickards Daily Reckoning

We saw what happened in the Hamas attack on Israel across the Gaza Strip. What’s coming next in this war? How far will the escalation go?

You’re well aware of the surprise attack by Islamic Hamas berserkers on Israeli civilians on Oct. 7. Hamas does not have an air force or armor, but they improvised an assault with mundane substitutes.

They used paragliders of a kind that can be found at almost any beach resort to fly over Israeli defenses. They used bulldozers to break down fences and walls that marked the border. Once the walls had been breached, Hamas troops flooded into Israel on motorcycles and pickup trucks. Some troops arrived by sea in Zodiac-style boats that are widely available.