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Two days from now, (September 20th), Palestine is expected to ask the UN Security Council to recognize it as a legitimate “state”. If such recognition is granted, it will mark a significant political defeat for Israel. The only obstacle to Palestinian recognition by the UN, is a veto by the United States.
If the US vetoes the Palestinian request for recognition, it will delight Israel, but infuriate the Muslim world. That’s not news. US support for Israel has infuriated Muslims for over half a century.
But this time, there may be a new consideration: If the US gov-co vetoes the Palestinian request for recognition as a nation-state, the resultant Muslim fury could cause a serious decline (or even collapse) in the value of the fiat dollar.
If so, the gov-co’s decision on whether to veto Palestinian statehood is a mutually-exclusive choice between: 1) supporting Israel; and 2) supporting the fiat dollar.
We can’t do both. If we support Israel, the value of the fiat dollar may be hugely diminished. If we support the fiat dollar, the security of Israel may be hugely diminished.
If gov-co is forced to choose between supporting Israel and supporting the fiat dollar, what choice will it make?
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