A short distance to the east of Cyprus, experiencing major economic woes, lies Israel where it is business as usual. Israel was just honored by a visit from the U.S. President; Israel’s secretly indebted banking system funds a militarist economy that boasts of power but leaks at every seam. It is the consummate actor, feigning prosperity while it hovers on the brink of national financial suicide.  This is an update to Chuck Carlson's investigations into US dollar denominated, Israeli bonds.