While the world rejoices in the aftermath of the enjoyable diversion in which a fake market surges on fake, politically-motivated data, which incidentally refutes the warning voiced last week by the Fed Chairman who has a far better grasp of the economy than the BLS, warned last week, the confluence of real events continues to indicate that something is brewing in the middle east. Only this time it is not the US adding another aircraft carrier to the three already situated by the Straits of Hormuz. This time the smoke and fire come from Israel. ABC reports that "Israeli facilities in North America -- and around the world -- are on high alert, according to an internal security document obtained by ABC News that predicted the threat from Iran against Jewish targets will increase. "We predict that the threat on our sites around the world will increase … on both our guarded sites and 'soft' sites," stated a letter circulated by the head of security for the Consul General for the Mid-Atlantic States. Guarded sites refers to government facilities like embassies and consulates, while 'soft sites' means Jewish synagogues, and schools, as well as community centers like the one hit by a terrorist bombing in Buenos Aires in 1994 that killed 85 people." Hopefully the head of security's prediction track record is better than that of the CBO, and that the very act of prediction does not in effect "make it so." At least courtesy of this latest escalation by Israel we get a clue of what to focus on, if not so much who the actual aggressors will be. In the meantime, Iran, which has been dealing with hyperinflation for weeks now, and likely has bigger problems to worry about than focusing on "soft sites" will naturally sense this escalation as the provocation it may well be meant to be, respond in kind, which will lead to further responses of definite attacks imminent by Iran's adversaries, and so on, and so forth, until finally the dam wall finally cracks.

Regarding who may be attacked, ABC had this to say:

The head of Shin Bet, Israel's internal security service, told an audience at a closed forum in Tel Aviv recently that Iran is trying to hit Israeli targets because of what it believes are Israeli attacks on it nuclear scientists. Yoram Cohen said that Iran's Revolutionary Guard, the same militant wing of the government linked to the recent alleged plot against the Saudi ambassador to the U.S., is working tirelessly to attack Israeli and Jewish targets abroad in order to deter Israel.

And just how is attacking Jewish targets abroad detering Israel? Oh wait, the assumption is that Iran is completely irrational and willing to provoke anyone for the sake of converting itself into one big lake of glass. Or so the public should believe. Got it.

Naturally, the 'response' is already in play.

Local and regional law enforcement and intelligence officials in U.S. and Canadian cities, including New York, Los Angeles, Philadelphia, and Toronto have been monitoring the situation closely for several weeks, and have stepped up patrols at Israeli government locations and Jewish cultural and religious institutions. They have issued awareness bulletins reminding officers to stay vigilant. Federal officials in those cities told ABC News that they have also increased their efforts to watch for any threat stream pointing to an imminent attack on either Israeli facilities, Jewish cultural or religious institutions or other "soft targets." "When there is posturing like this, we always pay extra attention to any threat streams," one federal official said. "The thwarted assassination plot of a Saudi official in Washington, D.C., a couple of months ago was an important data point," added the official, "in that it showed at least parts of the Iranian establishment were aware of the intended event and were not concerned about inevitable collateral damage to U.S. citizens had they carried out an assassination plot on American soil." "That was an eye opener, showing that they did not care about any collateral damage," the federal official said. After the disruption of the alleged plot, regional intelligence centers issued bulletins similar to the recent Israeli warning.

Here is what has to be accepted as fact for the narrative to work:

"In the past few weeks, there has been an escalation in threats against Israeli and Jewish targets around the world," one regional document noted. "Open source has reported many demonstrations against Israel are expected to be concentrated on Israeli embassies and consulates. Such demonstrations have occurred internationally as well as domestically. These demonstrations could potentially turn violent at local synagogues, restaurants, the Israeli Embassy and other Israeli sites. … Law enforcement should be vigilant when making periodic checks at all Jewish facilities.

Once that is engrained in the public conscience, the letter's climax become a foregone conclusion:

"In conclusion, we operate according to the information that Iran and Hezbollah are working hard and with great intensity to release a 'quality' attack against Israeli/Jewish sites around the world."

We've seen this play by play many times before and frankly at this point the posturing is getting just silly. What we do want to find out, however, is how will Russia get involved in all of this. Because if recent actions are any precedent, we fully expect Putin to send an aircraft carrier, purely symbolically, in the Arabian Sea himself, just to indicate that any invasion, pardon, liberation, of Iran crude, will first have to go through him. And not to mention China... or India.

Finally, because some have expressed curiosity why the USS Enterprise, the oldest aircraft carrier in the US Navy, will be the 3rd "supporting" carrier in the Straits area, when it is due for decommissioning next year, here is one video with a theory, whether correct or incorrect, on why events may be transpiring the way they are.