This article explains it best:
US Secretary of State John Kerry has fallen on his sword in attempting to seek a renewal of negotiations designed to culminate in the creation of a new Arab State between Jordan and Israel for the first time ever in recorded history.
He has apparently learned nothing from the failed attempts of his predecessors - James Baker, Lawrence Eagleburger, Warren Christopher, Madeleine Albright, Colin Powell, Condoleezza Rice and Hillary Clinton.
Israel has demanded the PLO recognise Israel as the Jewish State and that any new Arab state - created as a result of negotiations - be demilitarised.
These demands are non-negotiable - since the PLO Charter - first promulgated in 1964 - does not accept the right of the Jewish people to have their own state existing alongside 22 Arab Islamic States and calls for armed struggle to eliminate the Jewish State.
The PLO demands that Israel withdraw from every square meter of the West Bank and East Jerusalem - the ancient biblical heartland of the Jewish people legally sanctioned for Jewish settlement under the Mandate for Palestine and article 80 of the United Nations Charter - and that its 600000 Jewish residents be removed from their homes and businesses.
Land swaps - first suggested in 2008 - are unlikely to succeed.
Land swaps - first suggested in 2008 - are unlikely to succeed.
The PLO demand that millions of Arabs be given the right to emigrate to Israel - threatening an end to the Jewish majority by demographic default rather than military conquest - is not one that can be accepted by Israel or foregone by the PLO.
Reconciling these irreconcilable demands has proved to be a diplomatic graveyard for Kerry’s predecessors - and so it will be for Kerry.
Kerry must be feeling decidedly uncomfortable after his five hour dinner date with PLO Chairman Mahmoud Abbas in Amman last week - to read journalist Stuart Littlemore referring to:
“... the obnoxious quisling Abbas. As everyone knows, this ‘grey suit’ is living a privileged life on borrowed time. His term as Palestinian President officially expired in January 2009, but the western-backed parasite has clung like dried excrement to power.”Abbas has no constitutional imprimatur to sign anything that could remotely be seen as constituting a binding peace treaty between Israel and the Palestinian Arabs.
Littlemore was equally as scathing of PLO chief negotiator Saeb Erekat - who no doubt has also been dining with Kerry in Washington this past week:
“In the Palestinian corner we have one of President Abbas’s closest aides, Saeb Erekat. He’s their chief negotiator and has occupied that vitally importantposition for 20 years, during which he has achieved… well, what? He must be the most unsuccessful negotiator on the planet. Why is he still there? We know perfectly well why. He’s a loser and can be relied on to fail.”
The Palestinian Information Centre published many responses from prominent Palestinian Arabs that provide clear warnings to Kerry and Israel that decisions taken by the PLO will be unenforceable and not worth the paper they are written on.
Hovering over any resumed negotiations - if indeed they ever get off the ground - is the spectre of Hamas - which will never accept anything other than the total eliminationof the Jewish State.
When Kerry twigs that Jordan - part of creating the problem that has plagued the WestBank and East Jerusalem since 1948 - must now be part of any solution in those disputed territories in 2013 - then perhaps he might be able to succeed where former Secretaries of State have so miserably failed over the last 20 years.
Kerry is still apparently on a learning curve - one that unfortunately will lead to a diminution in his reputation for concluding successful negotiations and result in the continuing humiliation of the prestigious and influential office of Secretary of State.
“Know a person by the company he keeps” - is an adage that Kerry needs to embrace - and soon.
Israeli and Palestinian officials put forward clashing formats for peace talks due to resume in Washington on Monday for the first time in nearly three years after intense US mediation
The Palestinians, with international backing, want their future state to have borders approximating the boundaries of the West Bank, adjacent East Jerusalem and the Gaza Strip before Israel captured them in the 1967 Middle East war.
Abed Rabbo told Voice of Palestine radio the talks "will begin, in principle, on the issues of borders and security".
Netanyahu had resisted Abbas's calls to accept the 1967 border formula before talks resumed. Shalom said that the Israeli position would help keep the talks, which are slated to last nine months, comprehensive."Had the matter of borders and territory been given over, what incentive would they (Palestinians) have had to make concessions on the matter of refugees or Jerusalem?" Shalom asked.
Israel deems all of Jerusalem its capital - a status rejected internationally - and wants to keep West Bank settlement blocs under any peace accord. It quit Gaza in 2005 and that enclave is now ruled by Hamas Islamists hostile to the Jewish state and opposed to Abbas's peace strategy.
There is ample reason to believe that the latest round of Israeli-Palestinian peace talks, getting underway Monday in Washington, will end in failure, well before the nine months slated for them are up.
But analysts say Prime Minister Benjamin Netanyahu’s insistence on going into talks and seeking to reach a deal, bluff or not, may well leave Israel in a commanding position if the negotiations do indeed fail.
Conventional wisdom says that the “direct final status negotiations,” as they are referred to by the US State Department, are doomed to fall apart because the maximum Netanyahu can offer is far less than Palestinian Authority President Mahmoud Abbas can accept.
According to a prominent leader of Israel’s right wing, who asked to remain anonymous, Netanyahu is approaching the peace talks with two possibilities in mind. Firstly, if the unthinkable happens and the two sides reach an agreement, he will enter the history books as the man who brought peace to the Middle East, even if it means a withdrawal from much territory and a division of Jerusalem, he added.
“But his working assumption is that this will not happen and that the Palestinians, as always, will cause the negotiations to collapse,” the source said. “In this case, he expects to play up the blame game. In such a scenario, Netanyahu hopes for a period of quiet from the American administration.”
The only reason that stock prices have been climbing so much is because the Federal Reserve has been flooding the financial system with hundreds of billions of dollars that it has created out of thin air. The Fed has created an artificial stock market bubble that is completely and totally divorced from economic reality.
Yes, the boys and girls up on Wall Street are doing great (for the moment), but most of the rest of the country is really struggling. We have never even come close to recovering from the last major economic crisis, and now another one is rapidly approaching.
The other day, Chartist Friend from Pittsburgh sent me an email and told me that he had some charts that he wanted to share with me and asked if I wanted to see them. I said sure, send them over right away. These charts show very clearly that the stock market has become completely divorced from reality.
In a normal market, stock prices would only rise dramatically if the overall economy was healthy and growing. Unfortunately, our economy is far from healthy and has been declining for a very long time. If the financial markets were not being pumped up by so much money printing and so much debt, there is no way that stock prices would be this high.
If we truly did have a free market financial system, stock prices should be a reflection of the overall economy. Instead, we have a very sick economy and financial markets that have been very highly manipulated.
For example, just check out the first chart that I have posted below. If the economy was actually getting better, the percentage of working age Americans with a job should be increasing. Sadly, that is not happening...
There is no way in the world that the stock market should be this high. The economic fundamentals simply do not justify it. As a society, we consume far more than we produce, our debt is growing at an exponential pace, our economic infrastructure is being absolutely gutted and our financial system is a giant Ponzi scheme that could collapse at any time.
And no market can stay divorced from reality forever. At some point this bubble is going to burst, and when financial bubbles burst they tend to do so very rapidly.
As Marc Faber recently said, "one day, this financial bubble will have to adjust on the downside."
When it does "adjust", we are likely going to see a financial panic even worse than we witnessed back in 2008. Credit will freeze up, economic activity will grind to a standstill and millions of Americans will lose their jobs.
Don't assume that the bubble of false prosperity that we are enjoying right now will last forever.
Use the time that you have right now to prepare for what is ahead.
A great storm is rapidly approaching, and I don't see any way that it is going to be averted.
Some days all I can say is WOW.....Lord come quickly!!!!!
well, I am still here....
the storm is passing JUST to the
North of here. Have not lost
power yet....still typing.
but no rain yet.....
NWS says it will come, really ??
should have been pouring by now.
anyway, stocks down....but ONLY
36 points. Appears that bulls have
their BIDS right under the market.
BUT AS STATED LAST NITE, Japan
is sinking, fast....
number 3 down already started...
and I DOUBT Bernanke can stop it.
there will be a POINT IN TIME when stocks will sell off no matter what
THAT IDIOT says, he is NOT GOD,
he is only a human like us all.
and when that POINT comes, there
is no turning back.
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