EGYPT MAY END PEACE AGREEMENT WITH ISRAEL

It's not only Israeli analysts who fear that even the cold peace between their country and Egypt may be in danger as Islamic forces rise in the wake of Egypt's revolution.

Jordan's King Abdullah II on Wednesday told the Washington Post that there is a "very strong possibility" that following upcoming elections, Egypt's new rulers will revoke the Camp David Accords.

That is especially true if the Muslim Brotherhood comes to power. The group is contesting over 50 percent of the parliament seats in the next election, and is currently the only major political party active in the country.

Abdullah said that Jordan will soon be "the last man standing" in terms of nations in the region that have friendly relations with Israel.

There are many who disagree with Abdullah's conclusions, and even the Post tried to qualify his statements by noting that so-called experts (presumably the same who failed to see the 'Arab Spring' coming in the first place) find talk of Egypt ending its peace treaty with Israel wildly speculative.

Those experts insist that Egypt wants to maintain its flow of American financial aid and military equipment, and won't do anything to jeopardize that. However, the Muslim Brotherhood and the many Egyptians who back the group have repeatedly stated throughout the revolution that they have no interest in continuing their nation's reliance on American backing, and that they view adherence to their radical Islamic ideals as far more important than Western money.

"The peace between Israel and Egypt is no longer holy," declared Egyptian diplomat and Secretary-General of the Arab League Nabil al-Arabi at a recent rally. "It [peace with Israel] cannot be considered equal to the holy Koran."

MORE: http://www.israeltoday.co.il/News/tabid/178/nid/22992/language/en-US/Default.aspx

Vatican Calls for Global Authority on Economy

The Vatican called on Monday for the establishment of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.
A major document from the Vatican's Justice and Peace department should be music to the ears of the "Occupy Wall Street" demonstrators and similar movements around the world who have protested against the economic downturn.
The 18-page document, "Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority," was at times very specific, calling, for example, for taxation measures on financial transactions.
"The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence," it said.
It condemned what it called "the idolatry of the market" as well as a "neo-liberal thinking" that it said looked exclusively at technical solutions to economic problems.
"In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale," it said, adding that world economics needed an "ethic of solidarity" among rich and poor nations.

Read more: http://www.newsmax.com/Newsfront/vatican-economic-authority-pope/2011/10/24/id/415466

SITUATION IN SYRIA COULD SPELL DISASTER FOR ISRAEL AND THE WHOLE WORLD

Israeli officials have reportedly warned Syrian dictator Bashar Assad that if he uses the downfall of his regime as an excuse to launch missiles at Tel Aviv, Israel will respond with a massive assault against Syria, Lebanon and Gaza.

Unnamed Israeli government sources told News First Class that the threat was relayed to Assad via European intelligence agencies.

The Israeli counter-threat came just days after Iran's Fars news agency quoted Assad telling Turkey's foreign minister that he would launch hundreds of ballistic missiles at Tel Aviv if the West interferes in his violent crackdown on pro-democracy protestors in Syria.

"If a crazy measure is taken against Damascus, I will need not more than six hours to transfer hundreds of rockets and missiles to the Golan Heights to fire them at Tel Aviv," Assad reportedly said.

Israel's threat included Lebanon and Gaza because Assad is said to have boasted that his own missile barrage on Tel Aviv would be complemented by Hizballah and Hamas attacks on Israel.

Were that scenario to play out, Assad is also reportedly confident that Iran would launch an attack on US warships in the Persian Gulf.

MORE: http://www.israeltoday.co.il/News/tabid/178/nid/22971/language/en-US/Default.aspx