Robert Stacy McCain expands on an initial RedState report concerning an unprecedented conference being held in Israel throughout this week (27-31 Dec). All Israeli Ambassadors, Consuls General and Heads of Mission have been ordered to attend, something which has never occurred in the country's all too turbulent history. RedState poster Kenny Solomon makes it plain he believes this to be a precursor to Israel taking overt (and presumably military) action in the near future - probably in the general direction of Iran.
Given who all else is known to be invited, I'm not so sure just how highly that legitimate concern is actually going to rank on the itinerary. The presence of Bank of Israel Governor Stanley Fischer (head of the country's central bank) makes me fairly confident that concern over the reliability of the US$ as the benchmark currency has to be in the low single digit section of the topic priority list. While Israel's reliance on US aid financing (not to mention civilian investment) is likely part of Mr Fischer's presentation, the precise nature and degree of dependency all three of Israel's cross-border neighbors, not to mention at least 6 other arms-length regional powers, have on US financial support has to be of even greater importance. None of the 9 or 10 other countries (I potentially include Gaza in amongst this number) involved is led by especially stable political regimes. The question of just how likely any (or what association of them) might be willing to seriously consider the short victorious war option will be greatly influenced by their separate and shared financial condition, should the US$ indeed go TU in the near-term.
Whatever comes under discussion, I think it most unlikely that anything is being actually scheduled for unilateral action by Israel's leaders. Were that the case, we'd be seeing a great many more El Al flights in-bound to Ben Gurion, with a noticeable passenger compliment of people in the age 20 to 50 range, than we do so far.
The Israelis are worried enough to start getting their ducks all in a row; that ought to be worrisome enough for the rest of us all on it's own. Let's hope at least some of Pres. Obama's Hawaii vacation briefings cover this development with greater confidence of accuracy then I can offer.