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Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting news items: * In Russia, vulnerability to Western sanctions has led to proposals for a banking system that is not only independent of the West but is based on different design principles. * In Iceland, the booms and busts culminating in the banking crisis of 2008-09 have prompted lawmakers to consider a plan to remove the power to create money from private banks. * In Ireland, Iceland and the UK, a recession-induced shortage of local credit has prompted proposals for a system of public interest banks on the model of the Sparkassen of Germany. * In Ecuador, the central bank is responding to a shortage of US dollars (the official Ecuadorian currency) by issuing digital dollars through accounts to which everyone has access, effectively making it a bank of the people.

A major concern with stripping private banks of the power to create money as deposits when they make loans is that it will seriously reduce the availability of credit in an already sluggish economy. One solution is to make the banks, or some of them, public institutions. They would still be creating money when they made loans, but it would be as agents of the government; and the profits would be available for public use, on the model of the US Bank of North Dakota and the German Sparkassen (public savings banks). In Ireland, three political parties – Sinn Fein, the Green Party and Renua Ireland (a new party) — are now supporting initiatives for a network of local publicly-owned banks on the Sparkassen model. In the UK, the New Economy Foundation (NEF) is proposing that the failed Royal Bank of Scotland be transformed into a network of public interest banks on that model. And in Iceland, public banking is part of the platform of a new political party called the Dawn Party.

This isn't going to last because the way you get wealthy is by producing more than you consume and saving the difference – not by consuming more than you produce, and borrowing the difference. With the Fed keeping interest rates at artificially low levels, hoping to increase consumption, they're making it very foolish to save – when you get ½% or 1% on your savings. So people are saving less and they're borrowing more than they otherwise would. This is a formula for making things worse, not better.

On Monday of last week, June 30, Reuters ran a story that began:Prime Minister Benjamin Netanyahu accused Hamas on Monday of involvement, for the first time since a Gaza war in [November] 2012, in rocket attacks on Israel and threatened to step up military action to stop the strikes. So even by Israel’s own reckoning, Hamas had not fired any rockets in the year-and-a-half since “Operation Pillar of Defense” ended in a ceasefire. (Hamas denied firing even those mentioned by Netanyahu last week; it wasn’t until Monday of this week that it acknowledged launching any rockets at Israel since the 2012 ceasefire.) So how did we get from there to here, here being Operation Protective Edge, which officially began Tuesday with 20 Gazans dead, both militants and civilians, scores of others badly  wounded and much destruction, alongside about 150 rockets flying all over Israel (but no serious injuries or property damage by Wednesday afternoon)? We got here because Benjamin Netanyahu brought us here. He’s being credited in Israel for showing great restraint in the days leading up to the big op, answering Gaza’s rockets with nothing more than warning shots and offering “quiet for quiet.” But in fact it was his antagonism toward all Palestinians – toward Mahmoud Abbas’ Palestinian Authority no less than toward Hamas – that started and steadily provoked the chain reaction that led to the current misery.

And nobody knows this, or should know it, better than the Obama administration, which is now standing up for Israel’s “right to defend itself.” It was Netanyahu and his government that killed the peace talks with Abbas that were shepherded by U.S. Secretary of State John Kerry; the Americans won’t exactly spell this out on-the-record, but they will off-the record. So a week before those negotiations’ April 29 deadline, Abbas, seeing he wasn’t getting anywhere playing ball with Israel and the United States, decided to shore things up at home, to end the split between the West Bank and Gaza, and he signed the Fatah-Hamas unity deal – with himself as president and Fatah clearly the senior partner. The world – even Washington – welcomed the deal, if warily so, saying unity between the West Bank and Gaza was a good thing for the peace process, and holding out the hope that the deal would compel Hamas to moderate its political stance. Netanyahu, however, saw red. Warning that the unity government would “strengthen terror,” he broke off talks with Abbas and tried to convince the West to refuse to recognize the emerging new Palestinian government – but he failed. He didn’t stop trying, though. At a time when Hamas was seen to be weak, broke, throttled by the new-old Egyptian regime, unpopular with Gazans, and acting as Israel’s cop in the Strip by not only holding its own fire but curbing that of Islamic Jihad and others, Netanyahu became obsessed with Hamas – and obsessed with tying it around Abbas’ neck. Netanyahu’s purpose, clearly enough, was to shift the blame for the failure of the U.S.-sponsored peace talks from himself and his government to Abbas and the Palestinians.

But Netanyahu used the kidnappings to go after Hamas in the West Bank. The target, as one Israeli security official said, was “anything green.” The army raided, destroyed, confiscated and arrested anybody and anything having to do with Hamas, killed some Palestinian protesters and rearrested some 60 Hamasniks who had been freed in the Gilad Shalit deal, throwing them back in prison. Meanwhile, in Gaza, Israel had already escalated matters on June 11, the day before the kidnappings, by killing not only a wanted man riding on a bicycle, but a 10-year-old child riding with him. Between that, the kidnappings a day later and the crackdown on Hamas in the West Bank that immediately followed, Gaza and Israel started going at it pretty fierce – with all the casualties and destruction, once again, on Gaza’s side only.

US-based multinational RE/MAX is marketing properties in illegal Jews-only settlements built on stolen Palestinian land such as Ariel, near Salfit in the West Bank. Keren Manor/ActiveStills Agents working for the US-headquartered real estate giant RE/MAX are promoting themselves as specialists in property built in Israel’s settlements on occupied Palestinian land. The Colorado-based corporation which says it operates in nearly 100 countries was identified as responsible by a 2013 United Nations’ probe for how its Israeli franchises sell houses and apartments in the occupied West Bank. Despite that criticism, many RE/MAX representatives are continuing to handle such property.

In fact, all of these “communities” are Israeli settlements inside the West Bank and are illegal under international law. Their construction and growth violates the Fourth Geneva Convention, which forbids an occupying power from transferring its civilian population into a territory that it occupies.

Scores of properties in the occupied West Bank (including East Jerusalem) are currently listed as for sale on RE/MAX websites. Some of them are on the market for high prices. RE/MAX is trying to sell a three-bedroom house in Jerusalem’s Old City for $1.7 million. According to RE/MAX, the house was “built over 600 years ago by the Turks.” A video for the same property posted to YouTube by Benzaquen, states that the “light train is just nearby.” That is a reference to a tram network which connects Israel’s settlements in East Jerusalem to other parts of the city. The French corporation Veolia has faced years of criticism and activist campaigns for its large-scale involvement in building the Jerusalem light rail, which Palestinians see as a means of tightening Israel’s grip on their city. RE/MAX’s Colorado headquarters did not reply to requests for comment.

The European Union's move to label goods produced in Israeli settlements is the latest expression of international disapproval of one of the country's most controversial policies. The Palestinians view Jewish settlements in the West Bank and east Jerusalem as a major obstacle to reaching any two-state solution, saying they carve up lands expected to form a future Palestinian state. Virtually the entire international community, including the United States, views the settlements as illegal or illegitimate. Israel has long dismissed the criticism, saying most settlement growth is in areas it expects to keep in any future peace agreement and that the issue should be resolved in peace talks along with other core issues like security and borders. Many Israelis want to keep the West Bank and east Jerusalem -- territories captured from Jordan in the 1967 Arab-Israeli war -- citing security concerns as well as the deep religious significance of the territories for devout Jews.

The settlements are now home to more than 570,000 Israelis, according to the Israeli anti-settlement watchdog Peace Now. They range from small wildcat outposts on West Bank hilltops to fully developed towns with shopping malls, schools and suburban homes. Many Israelis choose to live in settlements for economic and quality-of-life reasons. Some 2.2 million Palestinians live in the West Bank, with another 300,000 in east Jerusalem.

— In 1972 there were just over 10,000 Israeli settlers, with 1,500 living in the West Bank and the rest in east Jerusalem. — Twenty years later, ahead of the Oslo peace accords between Israel and the Palestinians, there were 231,200 Israelis living in the territories, with 105,400 in the West Bank and 125,800 in east Jerusalem. — At the end of 2000, when the second Palestinian uprising began, over 365,000 Israelis lived in the territories with more than 198,000 in the West Bank and some 167,000 in east Jerusalem. — In 2008, the year before Prime Minister Benjamin Netanyahu took office, over 474,000 Israelis were living in the two territories, with about 281,000 in the West Bank and some 193,000 in east Jerusalem. — Some 570,700 settlers now live in the territories, according to the latest Peace Now figures from the end of 2014, with 370,700 in the West Bank and 200,000 in east Jerusalem.

     The Israeli newspaper Ma’ariv (Hebrew) has a splashing headline today warning that Israeli banks are preparing for a “political-economic tsunami”  due to the possibility of an impending European boycott. Unsurprisingly, the banks – Israel’s largest – have been holding meetings amongst themselves to prepare for this tsunami, albeit “quietly and under the radar”. According to Ma’ariv there is “increasing evidence in recent weeks” that the European Union is considering recommendations published in a policy paper last month by the European Council on Foreign Relations (ECFR). Heavily reported at the time (our coverage here), ECFR’s policy paper warned that transactions between European states and Israeli financial institutions are obligated to adhere to EU policies based on international law when providing loans and financing to Israeli businesses, institutions and individuals in transaction with the illegal Israeli settlements enterprise. An unnamed senior banking official told Ma’ariv, “Beneath the surface this is a mega-event” and if this should happen the economic implications on the banks will have a “massive” impact on the Israeli economy.

This is same tsunami we’ve been hearing about for years now. The timing of the article is somewhat intriguing given there was no information provided indicating what this “increasing evidence” is. But there was this rather curious tickler (google translate): Further deterioration in relations between Israel and the United States downplays the chances that the Americans will try to curb this European action. Maybe the opposite is true. According to various diplomatic sources, the Americans have actually released the reins on Europe and are encouraging Europe to intensify its operations against the continuation of Israel’s settlement policy in the territories. Do tell. One wonders if an increase in pressure might be in relation to Israeli influence over looming U.S. congressional legislation seeking to tank the P5+1 deal with Iran over their nuclear program.

Quoting officials in the Israeli banking system, this is a national issue; there are no banks in Israel not involved in the settlements and there’s “no trick that can solve this affair”:

The Israeli ministerial committee approved a bill, on Sunday, to extend laws regulated by the Israeli Knesset into the occupied West Bank.

adings before becoming law. Israeli settlers living in the occupied West Bank are, as of now, formally subject to military rule. The area’s 350,000 settlers, however, are effectively under the jurisdiction of Israeli civilian courts because parliament has already applied a clutch of laws to them, primarily criminal, tax and military conscription. The new draft bill would make it mandatory for the commander to issue, within a month and a half of a law’s passage in parliament, an identically-phrased military order, effectively ensuring that all ratified legislation also applies to settlers.

Furthermore, according to the new bill, Israelis living in the occupied West Bank will be under Israeli law, while Palestinians living in the same areas would remain under military rule. Director of the Jerusalem Legal Aid and Human Rights Centre, Issam Aruri, told Al Jazeera that this essentially means all Knesset permanent committees can exercise their oversight over the West Bank: “This means the Knesset may become responsible for certain parts of the West Bank, which may be a step towards the formal annexation of the occupied Palestinian territory without a formal announcement as such,” he said

Palestinians from the Gaza Strip have criticized an Israeli report on the country’s 2014 military operation against the besieged coastal enclave. The report was released by Israeli state comptroller Yosef Shapira on Tuesday. “I understand from the report that Gaza was merely the setting for an Israeli war game, with no objective but to destroy and murder indiscriminately,” said Basman Alashi, executive director of the El-Wafa Medical Rehabilitation and Specialized Surgery Hospital. The hospital, formerly located in the Shujaya neighborhood by the separation barrier with Israel east of Gaza City, was repeatedly shelled by Israeli forces during the 51-day offensive before it was evacuated under fire on July 17, 2014.

“The overall impression it leaves is this: ‘Netanyahu, You didn’t do a good job of destroying Gaza, do it better next time,’” Alashi said of the report. Others said the document contained useful information about Israel’s behavior during the offensive, even if its conclusions remained incomplete. “The report shows that Israel follows a systematic policy of humiliating Palestinians, especially through careless targeting of civilians,” said Ramy Abdu, founder and chairman of the Euro-Mediterranean Human Rights Monitor. Abdu’s Geneva-based agency has conducted investigations of Israel’s military conduct, including an Oct. 30, 2014 report stating that its forces had “deliberately targeted locations with concentrations of civilians” during operations earlier that year. “What the report has failed to cover is to cite careless targeting of civilians as a consistent failure of the Israeli forces, with almost no serious actions to do something about it,” Abdu said in regard to the Israeli comptroller’s findings.

It also claimed the cabinet had not only failed to consider diplomatic alternatives to military action, but also to set any clear strategy concerning Gaza. Once the operation began, it said, Israeli forces largely failed to meet their objective of thwarting tunnels dug by Palestinian resistance groups, destroying only half of them over weeks of a bloody ground invasion that produced many casualties. The comptroller did not appear to consider the goals of an earlier military operation, launched by Israel in the West Bank on June 13, 2014. These goals were to weaken Hamas, obstruct an agreement by Hamas and Fatah to form a unity government across the West Bank and Gaza Strip and recover three young settlers captured by Palestinians.

The announcement today by Israeli Defense Minister Avigdor Lieberman at the Knesset Defense and Foreign Affairs Committee, that the Trump administration warned Israel that imposing sovereignty over the West Bank would cause an “immediate crisis” between the U.S. and Israel, is spreading like wildfire. Newsweek reported the warning pointed to “a red line for the Trump administration in its relationship with the Israeli government”: “We received a direct message… imposing Israeli sovereignty [on the West Bank] would mean an immediate crisis with the new administration,” Lieberman told the Israeli parliament’s Foreign Affairs and Defense Committee. “The coalition should clearly state that there is no intention to impose [Israeli] sovereignty.” The warning came after Likud KM Miki Zohar, who advocates annexation, stated on Israeli television Channel i24 last night that the two state solution was “dead” and Palestinians, while not having full citizenship, would nonetheless enjoy rights like every citizen, except for the right to vote for the Knesset — unless they serve in the army or to “serve the country” which he hastened to assure viewers they would not do. Lieberman noted he’d been getting calls from “all of the world wanting to know if this is the position of the coalition,” continuing, “[W]e need to separate from the Palestinians and not to integrate them. The decision to annex Judea and Samaria [the West Bank] would mean the integration of 2.7 million Palestinians in Israel.” Rather confusing messaging from the Trump administration. Just last month Trump said he’d be “happy” with a one state solution “if Israel and the Palestinians are happy”. Ambassador to the UN Nikki Haley later walked that back, saying that the policy was still, two-state solution. Maybe Trump heard Palestinians are not happy. We may be hearing more on this latest development soon as Lieberman is due to meet with top U.S. administration officials this week in Washington.

Bibi Netanyahu’s election, persistent violence through much of the Middle East and North Africa, and intensified efforts to forge a nuclear deal between the P5+1 and Iran topped the news here in Washington this week. But a much bigger story in terms of the future order of global politics was taking place in Europe and Beijing. The story was simply this: virtually all of the closest European allies of the United States, beginning with Britain, defied pressure from Washington by deciding to apply for founding membership in the Asian Infrastructure Investment Bank (AIIB). This Chinese initiative could quickly rival the World Bank and the Asia Development Bank as a major source of funding for big development projects across Eurasia. The new bank, which offers a serious multilateral alternative to the Western-dominated international financial institutions (IFIs) established in the post-World War II order, is expected to attract about three dozen initial members, including all of China’s Asian neighbors (with the possible exception of Japan). Australia, Russia, Saudi Arabia, and other Gulf states are also likely to join by the March 31 deadline set by Beijing for prospective co-founders to apply. Its $50 billion in initial capital is expected to double with the addition of new members, and that amount could quickly grow given China’s $3 trillion in foreign-exchange reserves. More details about the bank can be found in a helpful Q&A here at the Council on Foreign Relations website.

Along with the so-called BRICS bank—whose membership so far is limited to Brazil, Russia, India, China and South Africa—the AIIB poses a real “challenge to the existing global economic order,” which, of course, Western nations have dominated since the establishment of the International Monetary Fund (IMF) and the World Bank in the final days of World War II. As one unnamed European official told The New York Times, “We have moved from the world of 1945.” That Washington’s closest Western allies are now racing to join the AIIB over U.S. objections offers yet more evidence that the “unipolar moment” celebrated by neoconservatives and aggressive nationalists 25 years ago and then reaffirmed by the same forces after the 2003 Iraq invasion is well and truly. And yet, these same neoconservatives continue to insist that—but for Obama’s weakness and defeatism—the United States remains so powerful that it really doesn’t have to take account of anyone’s interests outside its borders except, maybe, Israel’s. (That Washington’s closest Western allies are now racing to join the new bank over U.S. objections could also presage a greater willingness to abandon the international sanctions regime against Iran if Washington is seen as responsible for the collapse of the P5+1 nuclear negotiations with Tehran. Granted, Iran’s economy—and its potential as a source of investment capital—is itsy-bitsy compared to China.)

Indeed, commentators are depicting US allies’ decision to join the AIIB (see here, here, and here as examples) as a debacle for U.S. diplomacy. The Wall Street Journal editorial board has predictably blamed Obama for defeat, calling it a “case study in declining American influence” (although it also defended Washington’s decision against joining and accused Britain of “appeasing China for commercial purposes.”) What the Journal predictably didn’t mention was a key reason why the administration did not seek membership in the new bank: there was virtually no chance that a Republican-dominated Congress would approve it. Indeed, one reason Beijing launched its initiative and so many of our allies in both Asia and Europe have decided to join is their frustration with Republicans in Congress who have refused to ratify a major reform package designed to give developing countries, including China, a little more voting power on the Western-dominated governing boards of the IMF and the World Bank. The Group of 20 (G20) biggest economic powers actually proposed this reform in 2010, and it doesn’t even reduce Washington’s voting power, which gives it an effective veto over major policy changes in both institutions. As a result of this intransigence, the United States is the only G-20 member that has failed to ratify the reforms, effectively blocking their implementation.

New details have surfaced regarding the surveillance protocols used by Bank of America to keep tabs on social activists. Last year, Anonymous hacktivists published 14 gigabytes of private emails and spreadsheets which revealed that Bank of America was monitoring social media and other online services used by activists for basic communication. This time however, information about the bank’s recent surveillance activities were obtained legally through a public records request by a single petitioner. The newly published documents reveal a coordinated effort by Bank of America, the Washington State Patrol (WSP), and federal counterterrorism agencies, to monitor activists as they prepared for a public demonstration in Olympia, Wash. Over 230 people originally signed up to attend the “Million Mask March” event, which was organized by the Anonymous movement and took place on November 5, 2013. Although an official report by the WSP described the event as a “peaceful protest” being organized by activists who had made “no threats of violence,” those involved were still monitored by the department before the event took place. Information gathered about the potential protesters was then shared with Bank of America. Furthermore, Bank of America solicited information about activists from various federal agencies, including the Federal Bureau of Investigation.

According to Andrew Charles Hendricks, an activist who originally acquired the documents, the emails included the home address of a demonstration organizer. Hendricks claims he redacted the address before publishing the documents online. The relationship between Bank of America and the WSP, as well as their long-term investment in surveillance, is highlighted by an email sent on September 23, 2013. Kim Triplett-Kolerich, an intelligence analyst for Bank of America requested that WSP share any intelligence gathered on activists taking part in the Million Mask March with the bank. She began the email by identifying herself as a former officer and provided her former rank. “From time to time I will see items that I believe will be of use to my friends at WSP—especially during session,” she told the officer. “May Day I will pick your brain for intel and I will give you a lot also,” she wrote.

Triplett-Kolerich concluded her email by boasting that the surveillance tactics used by Bank of America to monitor activists online was superior to that of the WSP. “I will most likely find it first as social media trolling is not what WSP does best. Bank of America has a team of 20 people and that’s all they do all day and then pass it to us around the country!!!” On October 24, an email was sent by a sergeant at the WSP’s Special Operations Division to an executive aide at the Thurston County Sheriff’s Office. The sergeant notified the office that a large number of arrests may take place during the Million Mask March, which could impact the jail. Attached to the letter was a message written by an Anonymous activist, and a link to its Facebook event page where the names of those planning to attend the march could be seen.

Hamas officials on Wednesday rejected demands by Fateh leadership to hand over rule of the Gaza Strip and called for an “uprising” against Palestinian Authority security forces.

Fateh leader Azzam al-Ahmad had said on Sunday that Hamas “foiled” efforts towards a unity government, and that the group must hand over rule of the Gaza Strip as a condition for forming the new government. Hamas spokesman Sami Abu Zuhri said that the Fateh leader’s comments created tension and were “untrue,” blaming the failure to form a unity government on Fateh’s “factionalism.” He added that Fateh’s calls to reform the unity government were a media maneuver, reiterating his movement’s willingness to form the government based on national consensus. The unity government formed in June 2014 repeatedly failed to overcome divisive issues between Hamas and Fateh, and the PLO appointed a committee last month to lead negotiations for reforming the government. The consultations have yielded little consensus thus far and received criticism by non-Fateh factions, who convened earlier this month to condemn recent PA arrests as hindering the negotiation process.

More than 20 years on, however, Hamas and other factions continue to accuse the PA of acting on Israel’s behalf through security cooperation. On July 7, Hamas accused the PA of having detained more than 200 of its members in the West Bank, in a sweep that MP Khalil al-Haya charged was aimed solely at “assisting the occupier” against anti-Israeli militants. Hamas leader Abd al-Rahman Shadid said at the time that many of those detained were left with signs of torture, and that the arrest campaign was part of an organized project aiming to “eradicate the movement.”

The Palestinian Ministry of Health (MOH) in the occupied West Bank has reported that at least 129 Palestinians have been injured by Israeli army fire and gas bombs in different parts of the West Bank, Tuesday, and that the soldiers deliberately targeted medics and journalists.

In a press release, the MOH said fifty wounded Palestinians were transferred to the Palestine Medical Center in Ramallah; two of them suffered serious injuries after being shot with live Israeli rounds, while the rest suffered mild-to-moderate wounds. It added that eleven Palestinians were shot with rubber-coated steel bullets in Bethlehem. Seven more Palestinians were shot with rubber-coated steel bullets, while many residents suffered the effects of tear gas inhalation. in the southern West Bank city of Hebron. Furthermore, 45 Palestinians were injured in Nablus, and 16 in Jenin, both in the northern part of the West Bank, suffered mild-to-moderate injuries.

Media sources in Jenin said two were shot with live rounds, and dozens suffered the effects of teargas inhalation, during clashes near the al-Jalama roadblock, north of Jenin. The soldiers also invaded a pottery store near the roadblock, and kidnapped the owner after assaulting him. Head of the Emergency Unity of the Red Crescent in Jenin Mahmoud Sa’adi said the soldiers also fired live rounds, rubber-coated steel bullets and gas bombs on protesters, who peacefully marched against the escalating Israeli violations, wounding two children, identified as Ahmad Abdul-Rahim and Mohammad Omran Sabah, in their legs. The two were moved to a hospital, while many Palestinians received treatment for the effects of tear gas inhalation. He also said that the soldiers attacked medics, and deliberately opened fire on a Red Crescent Ambulance, near Ramallah, smashing its windshield. In the Hebron district, in the southern part of the occupied West Bank, soldiers wounded many Palestinians, especially on the main junction leading to Kharsa village, and the Halhoul Bridge, during clashes that took place in the two areas.

Israel and the occupied Palestinian territories have been convulsed by a wave of escalating violence in recent days. The lethal tensions ratcheted up sharply last Thursday when a married couple, Jewish settlers from Neria in the northern West Bank, were shot and killed in a car in front of their four children near Beit Furik, allegedly by members of a five-man Hamas cell who were subsequently arrested. Two more Israelis were stabbed and killed in Jerusalem’s Old City on Saturday by a Palestinian youth, who was shot dead at the scene. On Sunday, an 18-year-old Palestinian was shot dead by Israeli forces in clashes near the West Bank town of Tulkarem. The mounting friction has seen attacks by settlers on Palestinians, clashes between Palestinians and Israeli security forces and attempted attacks continue. On Wednesday. there were incidents in Jerusalem, where a Palestinian woman stabbed an Israeli man who then shot and seriously wounded her in the Old City, the southern Israeli city of Kiryat Gat, where a Palestinian was killed after reportedly trying to seize a gun from a soldier and stabbing him, and when a female Israeli settler’s car was stoned near Beit Sahour, which adjoins Bethlehem, in an incident in which it appears other settlers fired on Palestinians, seriously injuring a youth.

On the Palestinian side, anger escalated earlier this week after a 13-year-old boy in Bethlehem’s Aida refugee camp was shot and killed by an Israeli sniper in an incident the Israeli military has claimed was “unintentional” as soldiers were aiming at another individual.

Jerusalem has remained tense now for almost a year. Most analysts blame the recent heightened tension on several factors. Key among them has been the issue of the religious site in Jerusalem known to Muslims as al-Haram al-Sharif, or the Noble Sanctuary, and Jews as the Temple Mount. A long-running campaign by some fundamentalist Jews and their supporters for expanding their rights to worship in the Al-Aqsa mosque compound on the Temple Mount, supported by rightwing members of Israeli prime minister Binyamin Netanyahu’s own cabinet, has raised the suspicion – despite repeated Israeli denials – that Israel intends to change the precarious status quo for the site, which has been governed under the auspices of the Jordanian monarchy since 1967.

Al Jazeera English has once again removed an article by Columbia University professor Joseph Massad hours after publishing it. The article, “The Dahlan Factor,” appeared for several hours on the Qatar-based broadcaster’s website this morning at this link, but was later removed without explanation (the full article is republished below). The article had been extremely popular, appearing in the fifth spot on the website’s “What’s Hot” section.

Massad’s article: The Dahlan factor The Israeli and US betting on the Dahlan horse will only increase the resolve of the Palestinians and their supporters

The recent resurrection of Mohammad Dahlanby several Arab governments, Israel and the US is a most important development for the future of the Palestinian cause, Palestinian Authority (PA)-Israel negotiations, and Hamas-ruled Gaza. Dahlan is viewed, by many Palestinians, as the most corrupt official in the history of the Palestinian national movement (and there are many contenders for that title). Dahlan, it would be recalled, was the PA man in charge of Gaza after the Oslo Accords were signed, where he commanded 20,000 Palestinian security personnel who were answerable to the CIA and to Israeli intelligence. His forces would torture Hamas members in PA dungeons throughout the 1990s. His corruption, at the time, was such that he allegedly diverted over 40 percent of taxes levied against the Palestinians to his personal account in what became known as the Karni Crossing Scandal in 1997. Dahlan, who has been accused repeatedly by both Hamas and Fatah of being an agent of US, Israeli, Egyptian, and Jordanian intelligence, would attempt to stage a US-organised coup against the democratically elected Hamas government in 2007 in Gaza, an attempt that backfired on him and ended with his eviction from the Strip (I had forewarned about the coup several months before it occurred).

hough transparency was a cause he championed when campaigning for the presidency, President Obama has largely avoided making certain defense costs known to the public. However, when it comes to military appropriations for government spy agencies, we know from Freedom of Information Act requests that the so-called “black budget” is an increasingly massive expenditure subsidized by American taxpayers. The CIA and and NSA alone garnered $52.6 billion in funding in 2013 while the Department of Defense black ops budget for secret military projects exceeds this number. It is estimated to be $58.7 billion for the fiscal year 2015. What is the black budget? Officially, it is the military’s appropriations for “spy satellites, stealth bombers, next-missile-spotting radars, next-gen drones, and ultra-powerful eavesdropping gear.” However, of greater interest to some may be the clandestine nature and full scope of the black budget, which, according to analyst Catherine Austin Fitts, goes far beyond classified appropriations. Based on her research, some of which can be found in her piece “What’s Up With the Black Budget?,” Fitts concludes that the during the last decade, global financial elites have configured an elaborate system that makes most of the military budget unauditable. This is because the real black budget includes money acquired by intelligence groups via narcotics trafficking, predatory lending, and various kinds of other financial fraud.

The result of this vast, geopolitically-sanctioned money laundering scheme is that Housing and Urban Devopment and other agencies are used for drug trafficking and securities fraud. According to Fitts, the scheme allows for at least 85 percent of the U.S. federal budget to remain unaudited. Fitts has been researching this issue since 2001, when she began to believe that a financial coup d’etat was underway. Specifically, she suspected that the banks, corporations, and investors acting in each global region were part of a “global heist,” whereby capital was being sucked out of each country. She was right.

As Fitts asserts, “[She] served as Assistant Secretary of Housing at the US Department of Housing and Urban Development (HUD) in the United States where I oversaw billions of government investment in US communities…..I later found out that the government contractor leading the War on Drugs strategy for U.S. aid to Peru, Colombia and Bolivia was the same contractor in charge of knowledge management for HUD enforcement. This Washington-Wall Street game was a global game. The peasant women of Latin America were up against the same financial pirates and business model as the people in South Central Los Angeles, West Philadelphia, Baltimore and the South Bronx.” This is part of an even larger financial scheme. It is fairly well-established by now that international financial institutions like the World Trade Organization, the World Bank, and the International Monetary Fund operate primarily as instruments of corporate power and nation-controlling infrastructure investment mechanisms. For example, the primary purpose of the World Bank is to bully developing countries into borrowing money for infrastructure investments that will fleece trillions of dollars while permanently indebting these “debtor” nations to West. But how exactly does the World Bank go about doing this? John Perkins wrote about this paradigm in his book, Confessions of an Economic Hitman. During the 1970s, Perkins worked for the international engineering consulting firm, Chas T. Main, as an “economic hitman.” He says the operations of the World Bank are nothing less than “pure economic colonization on behalf of powerful corporations and banks that use the United States government as their tool.”