This Means War!

by James Rickards Daily Reckoning

The heavy attack on Israel this weekend by the Palestinian militant group Hamas has shocked the world. So far, about 1,500 people are confirmed dead. That number will only grow.

We don’t have many facts at this point, but it appears to be a massive intelligence failure by Israel. That in itself is shocking because Israeli intelligence is generally excellent.

It also suggests that Hamas is capable of highly sophisticated intelligence operations of its own, which allowed it to conceal the attacks, which were highly coordinated. The attacks came from air, land and sea.

Meanwhile, Israel has declared war on Hamas. What motivated the attack, which some people are calling Israel’s 9/11?