Ayalon Warns EU Over Jerusalem Decision - Politics & Gov't - Israel News - Israel National News

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perhaps the European Union and the United Nations breaking international law is a bitter pill that will wake us up. If they really condemn a Jewish Jerusalem officially then the promise of an arbitrating party is gone. Forcing Israel into an agreement with full knowledge that there could never be one was wrong, but if the mediator itself is guilty of reneging then any responsibility to follow another power's idea of the road to peace is gone. Since Israel has military power a stiff upper lip might help the state. There is obvious abuse here and Israel has no need for clockwork diplomacy once this happens.

(IsraelNN.com) Deputy Defense Minister Danny Ayalon said Saturday that if the European Union reaches a unilateral decision regarding Jerusalem, Israel will no longer be committed to agreements made after Oslo.

"Just as the Romans could not disconnect Israel from Jerusalem, so diplomats from the UN and the EU will not be able to do so,” he said. “If unilateral decisions are reached this will be a breaking of the rules and Israel will no longer be committed to agreements and arrangements made since Oslo.” In such a case, “Israel will have legitimacy to take unilateral steps,” he added.

Ayalon also spoke about the negotiations with the Palestinian Authority. PA Chairman Mahmoud Abbas, “who refused to accept the far-reaching offers of the previous government, knows that he will not receive more than that from the present government,” he said.

Ayalon said that “it appears [Abbas] does not really want peace, and is trying to accuse Israel of refusing to push the peace process forward.”

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account gap is reducing supply of dollars overseas -

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IT is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.

The comments by Zhu Min, deputy governor of the People's Bank of China, referred to the overall situation globally, not specifically to China, the biggest foreign holder of US government bonds.

via shanghaidaily.com

while it is bothersome that China is doing this and it shows that China isn't interested in American rebounds... it still doesn't mean that they are right. for certain we are ill, but the one asset that the Chinese don't think about is the value of American resources... which are undervalued and once utilized could dig America out of the hole quickly. Don't listen to your bullies unless they are completely tied to you. China is not so involved in the United States that it wouldn't help them to see their hegemonic threat die. We should not listen to the criticism of China anymore then we would listen to Syria's criticism. that said debt is a horrible thing, but I still believe in our country.

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Chinese officials generally are very careful about commenting on the dollar and Treasuries, given that so much of its US$2.3 trillion reserves are tied to their value, and markets always watch any such comments closely for signs of any shift in how it manages its assets.

China's State Administration of Foreign Exchange reaffirmed this month that the dollar stands secure as the anchor of the currency reserves it manages, even as the country seeks to diversify its investments.

In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

He then addressed where demand for that debt would come from.

"The United States cannot force foreign governments to increase their holdings of Treasuries," Zhu said, according to an audio recording of his remarks. "Double the holdings? It is definitely impossible."

"The US current account deficit is falling as residents' savings increase, so its trade turnover is falling, which means the US is supplying fewer dollars to the rest of the world," he added. "The world does not have so much money to buy more US Treasuries."

China continues to see its foreign exchange reserves grow, albeit at a slower pace than in past years, due to a large trade surplus and inflows of foreign investment. They stood at US$2.3 trillion at the end of September.

Shanghai Daily | 上海日报

National Journal Online - Obama Gets Low Marks On Foreign Policy

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My Grade for Obama :F
Obama fights the wars the Muslims want him to fight. I posted the Obama speech in Copenhagan and it didn't impress me at all. Obama angered the Chinese and others whose money we are borrowing. You can't convince others to make sacrifices if you do your part unilaterally without their commitment. Strategically poor wisdom. The only bright thing is he has been lucky as far as actual tragedy... comparitively, but there is probably hell to pay for enabling Iran and the Palestinians. Posted via web from noahdavidsimon's posterous

CORRECTION: The original version of this report misidentified which group of National Journal Insiders was taking part in this poll.

What is David Kopel smoking?

Jihad Watch Awards 2009: Nominations are now open! - Jihad Watch

Labels:
1. American Dhimmi: Obama
2. International Dhimmi: Richard Goldstone
3. American Anti-Dhimmi: Pam Geller of http://atlasshrugs2000.typepad.com
4. International Anti-Dhimmi: David Appletree of http://theJIDF.org
;^)

2005:
American Dhimmi: Ramsey Clark
Dhimmi Internationale: George Galloway
American Anti-Dhimmi: Tom Tancredo
Anti-Dhimmi Internationale: Oriana Fallaci

2006:
American Dhimmi: Jimmy Carter
Dhimmi Internationale: Jacques Chirac
American Anti-Dhimmi: John Bolton
Anti-Dhimmi Internationale: John Howard and Geert Wilders

2007:
American Dhimmi: Jimmy Carter
Dhimmi Internationale: Ken Livingstone and Ehud Olmert
American Anti-Dhimmi: Mark Steyn (honorary American)
Anti-Dhimmi Internationale: Ayaan Hirsi Ali

2008:
American Dhimmi: Jimmy Carter
Dhimmi Internationale: Rowan Williams
American Anti-Dhimmi: Mark Steyn (honorary American)
Anti-Dhimmi Internationale: Geert Wilders

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