Joshua Pundit has an interesting post about the financial situation of the Palestinians, which is not as bad as you might think.
Those poor Palestinians! The evil, Zionist-controlled governments in the EU and the USA are withholding money from the democratically-elected Palestinian government for no reason other than Hamas’ refusal to recognize Israel and stop suicide bombers from killing Jews. How petty-minded can you get?
But the Palestinians are not without resources. According to Joshua Pundit,
Using [the salaries paid by the EU for non-existent employees] and other scams to skim off millions in stolen aid, Yasir Arafat established The Palestine Investment fund– PIF – which was set up to conceal and invest the funds Arafat diverted over the years from international donors that was supposed to go to ‘aid’ the Palestinian people. This little treasure trove is now in the hands of Mahmoud Abbas.
It’s no small amount, either. The capital is estimated at $1.2-1.4 billion and its monthly yield counted in tens of millions. And that’s just the one fund we know about. Keep in mind that the Pals still receive millions in ‘humanitarian’ aid that frees up money the Hamas government would ordinarily have to spend on the needs of its people.
However, Abbas reportedly won’t hand over a single shekel, let alone control over the hedge fund until Hamas recognizes – not Israel, but the Palestinian Liberation Organization as the paramount authority over the Palestinians. Abbas says that these ill-gotten gains belong to the PLO and he won’t release funds to an organization that refuses to recognize its authority.
Hamas has another option besides the PLO, however: Iran. The Iranians fund a number of terrorist organizations — such as Hezbollah — but they expect a lot of bang for their buck — and that bang has to involve plenty of scattered Jewish body parts.
Which way do you think Hamas will choose? Go over to Joshua Pundit and find out.