Next week the UN will convene on the Palestinian's bid for statehood. If accepted, Palestine would be the 194th nation to be recognized by the UN. Currently there are 120 countries that already recognize Palestine. The US had repeatedly stated they will veto the resolution. Is it bluffing? Americans should hope so because the consequences will be disastrous and will put an end to all illusions about a recovering economy.
Weighing the pros and cons of vetoing it should be obvious but let's focus on the cons. The US will have in effect bowed out of middle east policy. The honest broker status, while a joke to the rest of the world will now be obvious to Western idiots. The US will no longer be the mediator of any peace processes going forward. The US will no longer have input or influence. They can sit at quartet sessions but will not be running the show.
The emergence of the counterweight powers of countries in the region will be complete. Turkey and Iran will be the biggest winners. They are cash and energy rich and will have rising influence. Egypt and Turkey will be closer to breaking off all ties with Israel. Saudi Arabia will move eastward as they are desperate not to be seen as denying Palestinians basic justice that we supposedly value. They will move towards China as the petrol dollar enters its final stages. Oil prices will rise for the West. In the US this is untenable. Can we see the petrol yuan?
Weighing the pros and cons of vetoing it should be obvious but let's focus on the cons. The US will have in effect bowed out of middle east policy. The honest broker status, while a joke to the rest of the world will now be obvious to Western idiots. The US will no longer be the mediator of any peace processes going forward. The US will no longer have input or influence. They can sit at quartet sessions but will not be running the show.
The emergence of the counterweight powers of countries in the region will be complete. Turkey and Iran will be the biggest winners. They are cash and energy rich and will have rising influence. Egypt and Turkey will be closer to breaking off all ties with Israel. Saudi Arabia will move eastward as they are desperate not to be seen as denying Palestinians basic justice that we supposedly value. They will move towards China as the petrol dollar enters its final stages. Oil prices will rise for the West. In the US this is untenable. Can we see the petrol yuan?
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