It does seem real estate is one of the main tangibles backing all that borrowed into circulation money.
The Covid shutdown got way too many people working from home, that commercial real estate, offices, is teetering on the edge of an implosion that will make 08 look like a tea party.
I would add many of the basic functions of society are also being financialized, like education and healthcare. The networking that enables society is being destroyed.
As for the Misrahi, it seems they were screwed over by the creation of Israel, getting kicked out of all the Arabic countries, as blowback from the natives kicked out of Palestine.
What is being ignored is that the essential influence of Judaism, as the touchstone of Western Civilization, isn't so much monotheism, per se, but that it was language as god. "In the beginning was the word and the world was God." The Ten Commandments as the Covenant with God, the first written basis for a society. The original constitution.
Consequently Jews are notoriously literate and intellectual. Thus many writers, philosophers, etc. and so now major influence in the mechanics of the media.
The problem with what is happening in Gaza is that sight/vision is far, far more deeply rooted into the hardware of the brain than the language center.
"A picture is worth a thousand words."
Insects have eyes, yet not much other neurological hardware between senses and motor functions.
So that what is currently happening in Gaza is being broadcast across social media in ways that have never happened before, in any mass killing. Even Rwanda, in the 90's was just reported. No TikTok videos.
Much of this media is going to the global young, the ten to thirty year olds on a daily basis. This is going to create an emotional tsunami for Israel.
Given the cultural schizophrenia already apparent before Oct 7th, between the very, very conservative side and the very liberal side, it does not bode well, long term. They don't have the physical space to fall back into and are breaking apart their own psychic space.
