Central Banks Buying 100% of Sovereign Debt
Hat Tip: BB
03/12/15
Tag Archives: Debt
02/24/15
Media Accepting Obama’s Spin on the Economy
By: Roger Aronoff
Accuracy in Media
With as many lies and distortions that proceed from this scandal-plagued administration, one might think that mainstream reporters would turn a skeptical eye toward another one of President Obama’s carefully crafted narratives. Each narrative is designed to push “progressive” policies or to cover up administration mismanagement. But our corrupt media reflexively cheer whenever the leftist agendas for amnesty, Obamacare, climate change, and economic regulation are mentioned. Add to the list of official narratives the hyped state of the economy, the successes of which cannot fail to be championed because they reflect on the viability of the current President’s policies.
Yet President Obama’s claims about how his administration’s efforts have boosted the economy, or that the economy is actually improving, are based on cherry-picked data.
“At this moment when our economy is growing and creating jobs, we’ve got to work twice as hard, especially in Washington, to build on our momentum,” claimed President Obama in his recent economic report, according to The New York Times. He continued, “And I will not let politics or partisanship roll back the progress we’ve achieved on so many fronts.”
Back in January, the labor force participation rate was the lowest since 1978. It has since increased by a mere 0.2%. And while hiring may be up, wages remain stagnant.
What type of progress, exactly, is the President citing? His entitlement and regulatory policies, such as Obamacare and proposed EPA regulations, shackle American economic ingenuity with an ever-increasing burden.
“Right now, as many as 30 million Americans are either out of work or severely underemployed,” wrote Gallup President Jim Clifton in, “The Big Lie: 5.6% Unemployment.” “Trust me, the vast majority of them aren’t throwing parties to toast ‘falling’ unemployment.”
“Our concern with our analysts is that [the unemployment statistic is] very, very misleading because what America really wants are full-time jobs. … The percent of full-time jobs in this country, to the population, is the worst it’s been in thirty years,” Clifton said on CNBC. He connected this to the middle class crisis.
Mortimer Zuckerman, of The Wall Street Journal has argued that the President’s signature health care legislation depresses full-time hiring. “Many employers cut workers’ hours to avoid the Affordable Care Act’s mandate to provide health insurance to anyone working 30 hours a week or more,” wrote Zuckerman last July. “The unintended consequence of President Obama’s ‘signature legislation?’ Fewer full-time workers.”
But President Obama, his administration, and the media are on a full-blown public relations campaign to promote “middle class economics,” with more government as the answer.
“In a letter to Congress with the report, Mr. Obama called on lawmakers to approve his economic agenda of expanded tax breaks for the middle class and increased spending on initiatives such as early childhood education,” reported The Washington Times. “The president also wants to raise several hundred billion dollars through tax increases on mostly wealthier families.”
“The [recent economic] report…also contained a fair dollop of wishful thinking—or what some might call the administration’s own ‘dynamic scoring,’” observed Neil King Jr. for The Wall Street Journal.
President Obama has tied his favorite policies to theoretical economic gains which may, or may not occur. “So various measures to provide free preschool or expand the Earned Income Tax Credit would bring more adults into the workforce, thus expanding the tax base,” writes King. “A revamped immigration system would in turn lure more foreign-born workers to counteract what the president’s report calls ‘the effects of an aging native-born population.’”
“Although annual budget deficits have fallen from the trillion-dollar-plus levels early in Mr. Obama’s presidency, the national debt has continued to soar and topped $18 trillion late last year,” notes The Washington Times.
With the current controversy over comments by former New York City Mayor Rudy Giuliani questioning whether or not President Obama loves this country, we are reminded of President Obama’s comments when criticizing then-President George W. Bush for running up $4 trillion of new debt during his eight years in office. Obama said it was “irresponsible” and “unpatriotic.” President Obama has so far added over $8 trillion in new debt, and he still has two more years in office. So how would he rate himself?
Both The Wall Street Journal and New York Times ran articles which summarized the economic report without questioning its assumptions, effectively offering the administration additional platforms from which to spout its economic spin.
I reported last November that President Obama unsuccessfully attempted to sell the “illusion of economic success” to the public in order to “salvage what most polls indicate is about to be a dismal election for Democrats.” This effort continued with the President’s State of the Union, where he argued that “we have risen from recession freer to write our own future than any other nation on Earth.”
Obama’s tired rhetoric of hope and change resonated with the media back in January, and it still does. Meanwhile, many in America struggle to put bread on the table.
“Not only have the ‘benefits’ of the Obama recovery not been ‘fully shared,’ but many Americans are still worse off today than when Obama became president,” reports Townhall. The 2013 median family income, “the most recent year available,” is more than $2,000 less than what it was in 2009 when Obama became President, it reports.
The media are doing their part to validate Obama’s claims about the economy. It is all about their political agenda and double standard.
“Among Democrats, there are divisions over the degree to which Hillary Rodham Clinton, considered their leading contender, should praise the recovery and run on Mr. Obama’s stewardship of the economy,” wrote Jonathan Martin for The New York Times on February 22. “And Republicans—assessing falling unemployment and soaring job creation under a president with still-mediocre approval ratings—are grasping for the right way to frame their 2016 campaign message.”
Martin, like so many other reporters, operates under the premise that the economy has actually recovered. But to the extent it has, there may be other factors at work besides Obama’s initiatives. How much credit for the nation’s economic growth belongs to the Republican-led states, such as Ohio, Wisconsin, Florida and especially Texas; states which are doing far better at adding jobs and balancing their budgets than the federal government? And how much is attributable to the powerful capitalist economy in this country, which chugs along despite the burdensome taxation, regulatory and bureaucratic demands that have been imposed on it by this administration?
02/18/15
The Betrayal Papers – Part I of V – Under Obama: The U.S. Captured by the Muslim Brotherhood
The Betrayal Papers will trace the influence of the Muslim Brotherhood in the Obama administration’s foreign and domestic policies. The five-part series will present a picture of a conspiracy that is manipulating the American government to the benefit of a totalitarian, genocidal movement that seeks to establish a global Islamic State.
- The Muslim Brotherhood is an international political, financial, terrorist and movement whose goal is to establish a global Islamic State (Caliphate).
- They have and continue to exert tremendous influence of the American government’s foreign and domestic policies under President Barack Hussein Obama.
- The violence in the Middle East and across North Africa is a direct consequence of the Muslim Brotherhood’s effective control over American foreign policy in the region.
- They operate through various “civic” front groups, as well as through American institutions who take their money as operational funding (Georgetown University, Brookings Institution).
In America, we have a weak and struggling economy, growing public and private debt and millions are un- and underemployed. While a weaponized IRS targets Tea Party groups and other voices of liberty, and military veterans are labeled as “domestic terrorists” by the Department of Homeland Security, the federal government refuses to secure the southern border. Educational policy now includes the teaching Arabic and visits to mosques for schoolchildren.
Internationally, America is in retreat. The Middle East is in ashes, and in the midst of an ongoing genocide replete with daily horrors, the likes which have not been seen for centuries. Former allies have been abandoned and are embittered. Under the present leadership in the White House and State Department, Israel is considered the aggressor and Hamas the oppressed.
In sum, the world is at its most volatile point since the outbreak of World War II.
If you think that this is a result of something other than an “incompetent,” “stupid,” or “clueless” President, words regularly used by those who sense something is wrong but, can’t quite bring themselves to own up to the ugly truth, you’re not alone.
Millions of Americans are realizing that the Obama administration is not merely “misguided.” It is actually and consciously anti-American, anti-Semitic, anti-Christian, and broadly anti-Western. Yet , the American public does not yet fully appreciate why and how the administration always finds itself square against everything this country is based on – religious freedom, capitalism, and justice under law.
This series of articles will explain the force and mechanics behind Obama’s anti-American global agenda: the Muslim Brotherhood.
Al-Ikhwan al-Muslimoon: The Root of Today’s Islamic Evil
Husseini speaking with Hitler in 1941
Founded in 1928, the Muslim Brotherhood (aka, the Society of Muslim Brothers, or Al-Ikhwan al-Muslimoon in Arabic) is an international movement (some would argue an international conspiracy) that seeks to establish a worldwide Islamic State (or Caliphate). When it was created in the late 1920s, the Brotherhood was a contemporary of the Nazi Party of Germany. Indeed, the leader of the Muslim Brotherhood in Palestine, Amin al-Husseini, is considered by some as the man who catalyzed the Holocaust; for it was only after Husseini visited Hitler in Berlin in 1941 that the systematic extermination of Jews and other minorities began with industrial efficiency.
After the war, despite the insistence by many wartime leaders (Churchill included) that he be brought to justice, Husseini escaped to the Middle East. He lived there until his death in the 1970s, serving as a mentor to a young Yasser Arafat. Husseini and the Nazi Party are the connection points between the Holocaust and today’s Middle Eastern genocide.
The Allies conscious failure to arrest and prosecute Husseini haunts us today.
A Terror Hedge against Stalin and Soviet Russia
At the beginning of the Cold War, working with former Nazis, the American CIA began to court the Muslim Brotherhood as an ally against Soviet Russia. This calculus may have made sense when facing down Josef Stalin, a totalitarian tyrant hell-bent on world domination, but it has proved a costly strategy in the long run.
In the years and decades that followed World War II, the Muslim Brotherhood has evolved into a modern day Nazi International, not unlike the old Comintern (Communist International). It has a vast network of financial and business interests across the world; it has agents, supporters, and apologists within western governments; and it has a support network of “civic” organizations in the West.
These all serve as a cover for its darker and insatiably violent ambitions.
For despite all their intrigue and political gamesmanship, the Muslim Brotherhood is not strictly a political movement, nor a financial cabal. It’s also the mothership of virtually all Islamic terrorist groups operating in the world today, including Al Qaeda, ISIS, Hamas, the Taliban, Boko Haram, and many more. Such groups, all children of the Muslim Brotherhood’s fanatical Islamic ideology, are today ethnically cleansing countries such as Libya, Syria, Iraq, and Nigeria of all traces of Christianity. No less than the President of Egypt, Muslim Abdel Fattah el-Sisi, a devout Muslim, has said as much.
Considering how the Muslim Brotherhood and their terrorist pawns treat fellow Muslims in Egypt, Libya, Syria, and Iraq, butchering them by the bushel including women and children, it should come as no surprise that Egypt and Saudi Arabia have declared the them a “terrorist” organization.
It should also come as no surprise that the United Arab Emirates has designated Muslim Brotherhood front groups operating in the United States “terrorist” entities. In November, the UAE effectively declared that the Council on American Islamic Relations (CAIR) and Muslim-American Society (MAS) were no different than Al Qaeda. Why? It’s because they share a common origin in the Muslim Brotherhood. One could add to this list of domestic terrorist collaborators and enablers the Islamic Society of North America (ISNA), the Muslim Public Affairs Council (MPAC), and the Muslim Students Association (MSA).
A New HQ in America
Equally alarmingly, all-American institutions such as Georgetown University and the Brookings Institution have accepted so much money from the Muslim Brotherhood government in Qatar, that their political positions are virtually indistinguishable from the Muslim Brotherhood’s domestic front groups!
Yet, the United States government does not see these organizations and their employees as the enemy, as apologists for the worst kinds of barbarity. In fact, the highest profile people from these organizations advise the Obama administration, including the Department of Justice, the Department of Homeland Security, the FBI, and the National Security Council. In January, the Department of State actually welcomed the Muslim Brotherhood to a meeting, and shortly thereafter Egypt exploded in jihadi violence. This is no magical coincidence.
To the detriment of our safety and well-being, the domestic Muslim Brotherhood front groups help dictate counterterrorism policies. It is their influence which leads to the farcical idea, recently expressed by Obama at the National Prayer Breakfast, that the Crusades have something to do with ISIS and the mass murder of innocents in the Middle East today.
These front groups shape our foreign policy, which since the Arab Spring and continuing to this day is on the side of the Muslim Brotherhood.
So-called “moderate Muslims” employed at these front groups have made the country of Qatar, a totalitarian sharia-based society, and an “ATM for terrorists,” the closest ally of the United States under Obama’s Presidency. With enthusiasm from Obama and Eric Holder, they have us emptying Guantanamo Bay of the most vicious killers and sending them to Qatar, with only the vaguest of security assurances.
The remaining four articles will explore the influence of the Muslim Brotherhood on American policy, both foreign and domestic (including in Common Core, Obama’s position on illegal immigration and amnesty, and the hostility of the administration toward police officers). The exposé will also detail the operatives in the government who work to advance the Muslim Brotherhood’s ambitions for a worldwide Caliphate. And it will put into context the mysterious influence that George Soros and Valerie Jarrett have over Barack Hussein Obama, his administration, and the policies that affect every American.
The Betrayal Papers is a collaborative effort by the Coalition of Concerned Citizens, which includes: Andrea Shea King, Dr. Ashraf Ramelah, Benjamin Smith, Brent Parrish, Charles Ortel, William Palumbo, Denise Simon, Dick Manasseri, Gary Kubiak, Gates of Vienna, IQ al Rassooli, Jeff Bayard, Leslie Burt, Marcus Kohan, Mary Fanning, General Paul E. Vallely, Regina Thomson, Scott Smith, Terresa Monroe-Hamilton, Colonel Thomas Snodgrass, Trever Loudon, Wallace Bruschweiler, and William Palumbo.
Also see: Restoring Liberty: Joe Miller
01/27/15
Oil Prices Changing The Face Of Global Geopolitics
In a documentary that aired recently on the Canadian Broadcasting Corporation’s popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily Russian president was described growing up in a shabby St. Petersburg apartment, where he would often corner rats.
Now, punished by low oil prices and Western sanctions against Russian incursions in Ukraine/ Crimea, Putin is himself the cornered rat. Many wonder, and fear, what he will do if conditions in Russia become increasingly desperate.
In the last six months oil prices have plunged over 50 percent and the Russian economy is hurting. The country now faces slowing economic growth, a depressed ruble, and runaway inflation estimated to be up to 150 percent on basic foodstuffs.
The Kremlin is counting on austerity cuts to help balance its budget, which has revenues coming in at $45 billion lower than earlier projections. The exception, significantly, is defense. With the military exempted from the austerity plan, it begs the question of whether Putin will “play the nationalist card,” such as he did in Crimea, in an effort to strengthen greater Russia during a period of economic weakness.
Georgia On His Mind
We are already seeing this to be the case. As Oilprice.com reported on Tuesday, Putin is set to absorb South Ossetia – Georgia’s breakaway republic that declared itself independent in 1990. Under an agreement “intended to legalize South Ossetia’s integration with Russia,” Russia would invest 2.8 million rubles (US$50 million) to “fund the socio-economic development of South Ossetia,” according to Agenda.GE, a Tbilisi-based news site.
The situation is analogous to Crimea because, like Crimea, South Ossetia contains a significant Russian-speaking population with ties to the Motherland.
If Putin succeeds in annexing the tiny province, it will be a real poke in the eye to the United States, which provoked Russia in the early 1990s by promoting construction of a pipeline between the former Soviet republics of Azerbaijan and Georgia. The BTC pipeline moves oil from Baku in Azerbaijan to Tbilisi in Georgia and then onward to Ceyhan on Turkey’s Mediterranean coast.
BTC started operating in 2006. Then, two years later, Putin built his own pipeline to cut out Georgia. The South Ossetia pipeline run by Gazprom stretches 75 kilometers from South Ossetia to Russia.
The current move on South Ossetia is a way for Russia to assert its energy independence in the face of Western sanctions and low oil prices.
It comes as Russia announced plans to divert all of its natural gas crossing Ukraine to a route via Turkey. As Bloomberg reported last week, Gazprom will send 63 billion cubic meters through a proposed link under the Black Sea to Turkey – after the earlier South Stream pipeline, a $45-billion project that would have crossed Bulgaria, was scrapped by Russia amid opposition from the European Union. By sending the gas to Turkey and on to Europe via Greece, Gazprom is in effect sending Europe an ultimatum: build pipelines to European markets, or we will sell the gas to other customers.
According to one observer, the proposed land grab in South Ossetia combined with the snub to Europe by shifting its gas to Turkey and bypassing Ukraine, is a classic Putin power play:
“Russia is preparing to absorb a province of neighboring Georgia, and delivering an ultimatum to Europe that it could lose much of the Russian gas on which it relies,” Steve LeVine writes in Quartz. “Putin has argued that the west is simply intent on ousting him and weakening Russia… Faced with these perceived attempts to undercut him and his country, Putin suggests that he has no choice but to pull around the wagons and stick it out. This could go on a long time.”
Iran: Falling Oil Prices Spur Peace Dividend
Some have speculated that the oil price crash was orchestrated by the Saudis, possibly in collusion with the United States and other Gulf states, to punish Iran, its main political and religious rival in the Middle East.
Whether or not that is true, there is no denying the effects of a low oil price on Iran’s economy. “Iran is already missing tens of billions of dollars in oil revenue due to Western sanctions and years of economic mismanagement under former President Mahmoud Ahmadinejad,” Bloomberg reported on Jan. 7. Like Russia, Iran is looking at spending cuts in next year’s budget, which is based on an overly-optimistic $72 a barrel crude oil price.
However, unlike Russia, which is “circling the wagons” and pulling further away from the West currently, the oil price drop could actually lead to more of a détente between Iran and Western countries. In a speech on Jan. 4, President Hassan Rouhani said Iran’s economy “cannot develop in isolation from the rest of the world,” while at the same time, Iran’s foreign minister was negotiating a nuclear deal that could see the lifting of UN sanctions, the Washington Post observed.
Then there is the cooperation between the West and Iran over the terrorist group ISIS. The National Post’s J.L. Granatsein wrote in a column on Tuesday that Iran has deployed substantial numbers of its Revolutionary Guard elite Al Qods brigade into Iraq and Syria to fight ISIS, along with Western allies including the US, Britain, France and Canada. This is despite Iran’s support for Hezbollah in Lebanon and Syria’s president Assad.
“Politics makes strange bedfellows indeed, but not much can be stranger than this. Led by the Americans, hitherto the Great Satan to the Iranian leaders, the ties between the West and Iran are becoming tighter, each side reacting to the horrors of Islamist fundamentalism throughout the region,” Granatsein writes. “The Iranians have been hurt by sanctions, and they are being wracked even more by the falling price of oil. Easing curbs on trade and Iranian banks may mitigate the effects of the oil price collapse.”
Venezuela Bracing For The Worst
The other major loser in the oil price collapse, Venezuela, may not see such a positive outcome. Wracked by decades of economic mismanagement by Hugo Chávez, the South American oil producer was already struggling to pay its debts when new president Nicolás Maduro came to power.
Now, with inflation running at 60 percent and lines forming outside state grocery stores for food and other basic supplies, Maduro faces the specter of serious social unrest if conditions do not improve. The country has some of the world’s cheapest gasoline prices, but Maduro has refused to end fuel subsidies, fearing, no doubt, a repeat of widespread riots in 1989 that left hundreds dead after gasoline prices were allowed to rise.
Venezuela is even more dependent than Russia on the price of oil, earning some 96 percent of its foreign currency from oil sales, putting Maduro in the untenable position of either borrowing more, despite crushing debts, or slashing spending:
“With only $20 billion left in its reserves, and $50 billion in debt to China alone, Venezuela appears headed toward a choice between abandoning its oil giveaways and defaulting on its debts, or starving its own population to the point of revolt,” according to the Washington Post.
Source: http://oilprice.com/Energy/Energy-General/Crushing-The-U.S.-Energy-Export-Dream.html
By Andrew Topf for Oilprice.com
01/21/15
Sen. Ted Cruz Reacts to Obama’s State of the Union
Hat Tip: BB
The President’s Address of Lies
[UPDATED VIDEO] Ted Cruz Wins SOTU Postgame with ‘More Cowbell! More Cowbell!’
80 minutes of State of the Union distilled into 5
Trey Gowdy Slams Obama After State Of The Union
NOW it makes more sense: John Stossel translates Obama’s #SOTU speech
Hasselbeck to Jarrett: Why Didn’t Obama Mention Al Qaeda, Radical Islam?
01/16/15
THE ROAD TO HELL
Hat Tip: BB
01/6/15
Frenetic Pace
Where to begin in these days of turmoil, both at home and abroad?
I think I’ll start at home, with the weather. A major winter storm is due to start here within hours. It is predicted that the north, Jerusalem, and high places in Judea and Samaria will see considerable snow between now and Friday. In other places there will be torrential rain, hail, thunderstorms and flooding.
Credit: gopicpix
As long as I don’t lose my electric power, I’ll keep writing.
~~~~~~~~~~
From snow, to heavier issues regarding the Palestinian Authority:
The US State Department has criticized Israel’s declared intention to withhold collected taxes from the PA because of Abbas’s application for membership in the ICC. Spokeswoman Jen Psaki delivered one of her typical, vastly irritating statements: “We’re opposed to any actions that raise tensions. Obviously this is one that raises tensions.”
Translation: “Yes, I know the PA did something deplorable, but be nice. We don’t want to make them angry now, do we?”
Well, actually, yes, I think we do.
~~~~~~~~~~
I had alluded recently to the fact that while we are about to withhold PA tax money, the PA owes the Israel Electric Company enormous sums of money. And now, lo and behold, the Israel Electric Company seems to have come to its senses. Or, perhaps more accurately, I should say that they’ve been given a tacit nod from the government that allows them to take a necessary and sensible position.
Israel Electric Company CEO Eli Glickman has now sent a letter to Israel’s security chiefs, letting them know that there may be a certain amount of “unrest” in PA-controlled areas because a decision has been made to limit the supply of electricity in those areas. That is because the PA and the Palestinian-Arab controlled Jerusalem District Electric Company owe the Electric Company 1.7 billion shekels (well over $400 million). The PA buys the electricity from IEC and then sells it to PA-controlled municipalities.
Glickman has written that, “the debt imposes a heavy burden on the company’s cash flow…” and IEC “as a supplier of an essential service that is committed to all its customers, is obligated to begin working in the coming days to collect [outstanding funds]” either by limiting supply of electricity or refusing to connect new customers.
At last!
Please do note that service will be reduced, not curtailed. And I am quite certain that nothing has been initiated that would affect service during the predicted storm.
~~~~~~~~~~
It must be pointed out that the failure of the PA to pay this bill is not an indication of a simple lack of funds, but rather of a highly inappropriate utilization of funds. There is, for example, the matter of “salaries” paid to the terrorists in Israeli jails (with the amount of the salaries higher for those who committed more heinous crimes).
And then, of course, there is the enormous corruption in the PA, so that, while the Palestinian Arabs receive the highest amount per capita in international funding of any group, a good deal of that money seems to “disappear.”
Please see, “The 10 year klepto-dictatorship of Mahmoud Abbas”:
“Like any dictator, [Abbas is] corrupt. His predecessor, Yasser Arafat, was accused of embezzling billions of dollars of money meant for the Palestinian people, with US officials estimating the man’s personal nest egg at between one and three billion dollars. In line with his role model, after whom he named his own son, Abbas has continued this ignominious tradition.”
http://www.jpost.com/Opinion/No-Holds-Barred-The-10-year-klepto-dictatorship-of-Mahmoud-Abbas-386752
~~~~~~~~~~
What must be asked, however, is why the Israeli government is not simply turning over to the Electric Company the money that is being withheld, so that a good part of the money owed by the PA for electricity would be covered.
The fact that this is not the case suggests that the government knows now that the money is being held only temporarily as a gesture, and that ultimately it will be given to the PA. Or that there is at least the possibility of this decision being made, in response to international pressure.
~~~~~~~~~~
The PA application for membership in the ICC does not require the US to act – beyond, perhaps, closing a PLO office temporarily. But, according to recently passed US legislation, no funding may be provided to the PA if “the Palestinians initiate an International Criminal Court judicially authorized investigation, or actively support such an investigation, that subjects Israeli nationals to an investigation for alleged crimes against Palestinians.”
Both Israel and members of Congress are watching the situation closely.http://www.timesofisrael.com/israel-to-ask-congress-to-stop-funding-pa/
~~~~~~~~~~
When reports came out very recently indicating that non-governmental Israeli organizations might be the ones to pursue charges against the PA in courts outside of Israel, my thoughts went immediately to Shurat Hadin. And here you are:
“Shurat Hadin said it would be sending copies of the ready-to- file complaints to Abbas, Mashaal, Hamas Prime Minister Ismail Haniyeh, and many others so that they could see directly what they will face if they go beyond signing the Rome Statute and take the final step of filing war crimes complaints against Israelis.”
They’re fantastic.
~~~~~~~~~~
International lawyer Alan Baker, Director of the Institute for Contemporary Affairs at the Jerusalem Center for Public Affairs, has now drafted “Ten Points Regarding the Fundamental Breach by the Palestinians of the Oslo Accords.”
Credit: inthelastofdays
It is the considered legal opinion of Ambassador Baker that (emphasis added):
In “petitioning the UN, the International Criminal Court and international organizations to recognize them and accept them as a full member state, and by their unification with the Hamas terror organization, the Palestinians have knowingly and deliberately bypassed their contractual obligations pursuant to the Oslo Accords in an attempt to prejudge the main negotiating issues outside the negotiation.
“This, together with their attempts to delegitimize Israel among the international community and their attempted actions against Israel’s leaders, has served to frustrate any possibility of realization of the Oslo Accords, and as such the Palestinians are in material breach of their contractual obligations.”
“…according to the accepted and universally recognized laws of contracts and international agreements, a fundamental breach enables the injured party to declare the agreement void and is freed from any further obligations pursuant to the agreement or contract. Therefore the fundamental breach of the Oslo Accords by the Palestinians is indicative of their conscious decision to undermine them and prevent any possibility of their implementation. As such they have rendered the Accords void…Israel has the legitimate right to declare that the Oslo Accords are no longer valid and to act unilaterally in order to protect its essential legal and security interests.”
A very important legal opinion. But fairly meaningless if Israel does not act accordingly.
~~~~~~~~~~
Matters have not been exactly peaceful here in the political sphere, aka the “political circus.” A few highlights:
There were some irregularities discovered in the voting in the Likud primary, which were challenged by Tzipi Livni. After some re-counting was done, she found herself just 55 votes shy of taking the (realistic) 20th slot from Avi Dichter. She says she is not giving up yet. There have been some other readjustments of slot assignments according to the recount. But I will not report on details until it is all final.
Netanyahu made a statement regarding campaign plans for the Likud that involved some future legislation that would change electoral procedures. But this is campaign talk. If and when such legislation is proposed, I will write about it.
~~~~~~~~~~
For some many days the Herzog-Livni duo, according to the polls, was either slightly ahead of Likud or neck and neck with it. Now polls are showing Likud pulling ahead. Predictions are that a right-wing religious coalition might be composed of as many as 69 mandates.
At present, neither the newly founded party of Michael Ben-Ari nor that of Eli Yishai is shown to make the cut-off (3.75% of the vote)for getting into the Knesset.
Shas is, unsurprisingly, showing at only a fraction of its current strength. A similar drop in mandates is showing for Yisrael Beitenu (Lieberman) and Yesh Atid (Lapid).
A word about Lapid here: He has admitted on IDF radio that he went into the Finance Ministry, “a bit power drunk…we should have listened to advice more.” He sure was power drunk, and he did damage in the process. Perhaps he thinks making this confession will square him with the voters, but I do not.
Moshe Feiglin has announced that he is leaving Likud. His plans are a bit vague. Either he’ll start a new party (we need another party, yes?), in which case he recognizes that he will not be in the Knesset next time around. Or he’ll join with another nationalist party now, in hopes of securing a realistic place on a list. Ben-Ari has invited him; it is not clear to me at all if Feiglin has sufficient voter influence to bring Ben-Ari’s party into the Knesset.
New people are joining parties at a rapid clip – including from the broadcasting world and the entertainment world. Let’s see who makes the cut once lists are announced. Up-coming soon is the Habayit Hayehudi primary; not every party determines its list via primary.
~~~~~~~~~~
I close with this upbeat opinion piece by Guy Bechor: “The Arab oil era is over.”
“As the Gulf states are left with no money to spend and are experiencing internal shocks, the era of destructive Arab power is coming to an end; the Israeli mind and innovation era, on the other hand, is just beginning.
“The most dramatic news in 2014 almost went unnoticed: The United States lifted the restrictions on American oil exports, and as of the first day of the new year it has begun exporting oil to the world.
“No one believed this would happen so fast, but the US is already the world’s biggest oil manufacturer, bigger than Saudi Arabia, thanks to the oil shale technology which changed the world of energy…
“As the year 2015 begins, we are facing a new world: A world of a revolution of information, mind, personal strength, innovation and inventions. And in this world, Israel is a real princess…
“Israel is becoming a close friend of countries which were distant in the past but are close today, like India, Japan, China and South Korea. They too understand that those who are not innovative and lack a creative mind will just not be. And in this field, Israel has a lot to offer them, just like they have a lot to offer in return.”
As I hear the wind howling outside my window, I am able to smile.
In Memoriam
Available at Amazon.com 
