From the top, it says "God is Great, Death to America, Death to Israel, Damn the Jews, Power to Islam." In many cases I've seen the fourth line autotranslated as "F--- the Jews."
Al Tagheer (translated by Shawarma News) has an interview with a Houthi spokesperson where we learn a kinder, gentler interpretation:
- Death to America does not mean death to the American people, or the death of an American tourist, journalist, merchant or employee, but it's death to the American Zionist policy in our region and the worldIt is fairly clear, both to casual readers of the Quran and to ordinary Muslims themselves, that every single Jew was cursed in the Quran.
- Death to Israel does not mean death to the "real" Jews who have been living in Palestine for hundreds of years, but it's death to the racist entity implanted in the body of the Islamic nation and the Arab region
- Curse the Jews, we are not referring to all of those who follow the Jewish religion, we are referring to those who were cursed by God in the Koran according to the attributes associated with the curse
See how moderate they are? They only want to kill about half of the Jews in the world, and the rest are only damned to become apes and pigs!
Glad he cleared that up. Whew!
(h/t Bob K)