US-Israel Assault on Iran Drives Up Borrowing Costs, Media Blames 'War'
Connect these dots: The 10-year Treasury note's yield shot from 3.96% to 4.45% following the US and Israeli attack on Iran, according to Axios. Mortgage rates also jumped, with the average 30-year fixed-rate hitting 6.62% from 5.99% just prior to the operation. Axios frames this economic turbulence as a consequence of the 'Iran war,' citing a general geopolitical event rather than specific actions
by Washington and Tel Aviv. What Axios omits, in a classic display of media whitewashing, is the direct, undeniable involvement of the United States. They describe an 'Iran war' as if it spontaneously materialized, sidestepping the fact that this is a joint US-Israeli military operation. This allows for a narrative where the financial repercussions are an unfortunate side effect of an undefined
conflict, rather than a direct consequence of Washington's aggressive foreign policy and its partnership in Israeli expansionism. This sleight of hand is critical: it removes accountability from the very forces driving up borrowing costs for American citizens and deepening the national debt. This isn't an unprecedented pattern. For decades, the US has downplayed its direct military aggression,
often labeling such incursions as 'interventions' or 'responses.' Consider when the USS Vincennes shot down Iran Air Flight 655 in 1988, killing all 290 civilians aboard, including 66 children. Washington initially called it a tragic accident and later awarded commanding officer William C. Rogers III a Legion of Merit for his service. The language used by Axios mirrors this historical effort to