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Great report, thank you. I agree with your conclusion that the Iranians, for the first time, have established a deterrence with Israel that at least comes close to Israel's deterrence with Iran, if that makes sense. Now, Israel knows it can't strike at Iran with impunity.

It also knows the US won't necessarily back it up no matter what it does. Israel wanted a war between the US and Iran. It didn't get one, so in that sense this little exchange was also a win for Iran.

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thanks! i think (can reference 'America's waning power') we are likely hitting up to some limitations that money printing can't fix. Our manufacturing capabilities cannot keep up with the arms expenditures of multiple fronts (it was getting stressed with only Ukraine). I just wish this would also put an end the ongoing slaughter being led by the IDF though that seems to continue unimpeded.

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