TERRORIST ABU MAZEN, a/k/a Mahmoud Abbas, (elected in 2005 for a 4-year term and preventing new elections since) wants to issue “Palestinian” currency.
For a pseudo-state that is broke even after infusions of money from treasuries around the world, the question must be: What will he use to support the currency?
Jordanian dinars?
U.S. dollars?
Israeli shekels?
Of gold and silver he has none.
The PA, despite billions of donated dollars for infrastructure, has no industry of consequence; it lacks technology. In fact, it even lacks a cohesive government to rule both the areas of Israel allotted to it and Hamas-controlled Gaza.
It cannot pay for the electricity Israel provides.
It cannot pay for the fuel oil Israel provides Gaza.
Mind: if the leadership in the PA and Gaza stopped pocketing the foreign funds, it might have sufficient wealth to pay its bills and maybe be in a position to issue its own currency.
During the first of the U.S.’ several wars with a small island off the coast of Europe, the nation issued paper currency called “Continentals.” As the war progressed, the Continental declined in value until people said “It’s not worth a paper Continental.”
During the War for Southern Independence (a/k/a U.S. Civil War), the Confederacy issued its own currency that would be redeemed two years after the war ended. As the war progressed, the Confederate paper currency declined to not being worth the paper on which it was printed. The only value of Confederate paper currency today is based on collector’s desires to own it.
Both the early U.S. currency and the Confederate currency were backed by foreign currencies primarily because the countries backing the fledgling U.S. and CSA knew there were assets that could be claimed assuming the U.S. and CSA prevailed. The U.S. prevailed; the CSA failed.
What are the PA’s assets?
Common people live in poverty; the only ones with decent incomes work outside the PA – in Israel and elsewhere. The leadership, on the other hand, lives very well indeed. It’s president, apparently for life, had a US$8,839,480 (£6.4 million) presidential palace1 built in which he now refuses to reside – apparently ashamed of the extravagance – and a US$50 million executive jet2 that is parked in Jordan as the PA lacks a suitable airfield.
On the other hand, the majority of Israeli Arabs live in decent to superior housing and have jobs that pay far above PA wages. While Jews are exiting the Old City of Jerusalem for more affordable housing in the capital’s suburbs, Arabs are buying up the properties the Jews left. Too expensive for Jews but affordable for Arabs?3 So much for Arab wealth and apartheid. By the way, it is a crime to sell a Jew property in PA-controlled ares.
Abu Mazen at one point planned to issue PA passports, but shelved the idea when he realized Israel would refuse to honor them; to leave PA controlled areas of Israel, residents need to pass through Israeli check points. The PA residents would be treated exactly as Israeli passport holders are treated in many – most – of the world’s Muslim-dominated countries. (The left, in Israel and elsewhere, would be outraged by Israel’s action, but action against Israelis is “OK.”)
There are a few in the PA who are demanding new elections.4 Hamas, in its continuing fight with PA leadership, is throwing a monkey wrench into the works with its particular demands.5
With the world’s charity going into the pockets of the terrorists’ – both the leadership and those caught in the act and jailed in Israel – it is no wonder that any PA paper currency should be printed on toilet paper.
Life for the residents of PA-controlled Israel isn’t fair.
Many had jobs in Israel – Soda Stream, for example, was forced to relocate from the “West Bank” due to the anti-Semitic Boycott, Divestment, Sanctions (BDS) movement.6 The only people hurt by the self-righteous leftists were the PA residents who lost a decent (equal to Israeli Jews’) wage; Soda Stream relocated to the Negev and now employs Bedo alongside Jews. Another BDS success?
Sources
1. http://tinyurl.com/y8hnxbcg
2. http://tinyurl.com/y948bqo5
3. http://tinyurl.com/zzjau3b
4. http://tinyurl.com/y8vxfj59
5. http://tinyurl.com/y95gg7mc
6. http://tinyurl.com/j2numzt
PLAGIARISM is the act of appropriating the literary composition of another, or parts or passages of his writings, or the ideas or language of the same, and passing them off as the product of one’s own mind.
