Palestine/Israel: A Modest Proposal

by Reese Schonfeld

The cleverest man I have met in the last two years (he had been recruited by the NSA or CIA or DARPA after 9/11 as an “Imagineering” genius), told me that America will never succeed unless we legalize drugs and end our support for Israel. I don’t know what to do about drug running, but today’s news brings me back to the Israeli question. Is it possible for US government to abandon Israel entirely? I don’t think so. But I have another thought, and it’s almost as impossible as the first, but given the current state of the world, it might just work.

Let’s suppose the Obama administration enlists Saudi Arabia, the Gulf States, and all the other oil rich nations and gets them to contribute enough money to buy Israel back from the Jews. The Israelis could then take the money and use it to buy 10,0000 sq. miles of land in Greece, Portugal, Spain, Ireland or one of the other European countries that have gone broke. The country that sells the land would have to give sovereignty, but would end its status as a debtor nation, put its people back to work, and regain their independence from Angela Merkel.

The deal benefits all the parties: it gets the US off the hook about Israel, it permits the Palestinians to return to their homeland, which will be in far better condition then when they left it.  The other Arab nations will get the Palestinians off their backs, Israelis will no longer have to worry about suicide bombers and rockets from Gaza and the lucky state that sells the 10,000 sq. miles will be free at last.

The deal makes so much sense that I’m sure it will never be consummated. Orthodox Israelis will never give up what they consider to be their Holy Land.  No Arab coalition has held together since the Turks rolled into the Middle East 600 years ago. No European country has sold 10,0000 sq. miles of its land to another country since Napoleon completed the Louisiana Purchase. So I am forced to admit that this proposal to put an end to the Palestinian question is unlikely to be adopted. But that doesn’t mean I won’t pray for it.

Quote of the Day: William K. Black

The EU is not lending money to Ireland, Greece, and Portugal to help those nations’ citizens.  The EU is lending those nations money because if they don’t those nations and their citizens and corporations will be unable to repay their debts to banks in the core.  That will make public the fact that the core banks are actually insolvent.  When the Germans and French realize that their banks are insolvent the result will be “severe banking crises and a return to recession in the core of the eurozone.”  The core, not simply the periphery, will be in crisis. The ECB and the EU’s leadership would be happy to throw the periphery under the bus, but the EU core’s largest banks are chained to the periphery by their imprudent loans.

— William K. Black (University of Missouri-Kansas City)