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America in the Middle East

Dollar crumbles while Bush seeks $400 million for the PLO


By Stan Goodenough
November 12, 2007

The dollar hit a nine-year low against the new Israeli shekel late last week as the once "mighty" greenback continued to plummet in an apparent tail spin some experts warn could unravel the US economy.

By week's end the American currency could buy no more than 3.9 Israeli shekels.

The dollar's dive has not occurred in a vacuum, but against the backdrop of a last-ditch Bush administration effort to secure $400 million in new aid for the PA/PLO - an Arab organization that remains committed to eradicating the Jewish state of Israel from the overwhelmingly Islamic Middle East.

Washington is also scrambling to convene a conference on the establishment of a Palestinian state on historic Jewish lands before the end of this month.

Concerned Christians and Jews fear that America's insistence on birthing Palestine in the Land of Israel will have devastating consequences for the United States.

Last week, a group of rabbis labeled "fringe" by the secular media sent a strongly worded warning to President George W. Bush about the destruction that would befall the US if it continued its present approach to finding peace in the Middle East at Israel's expense.

"The land of Israel belongs to the people of Israel. God punishes anyone who coerces Israel to give up its land," said Rabbi Meir Druckman, one of signatories to the letter.

We wrote to President Bush, a man who believes in the Bible, to warn him against the terrible danger to which he is exposing his country by hosting [the Annapolis] conference."

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