Analysis of Gaza War, Pro-Hamas Protests at Universities, and
Possibility of a 2-State Solution
By Victor Sperandeo with the Curmudgeon
The tragic war in Gaza was initiated by Hamas barbaric
attack in Israel on October 7th (Simchat Torah- the most joyous
holiday in the Jewish calendar). It
wasnt only against Israelis or Jews, but any human being who happened to be
there that day. For example, Hamas kidnapped 32 Thai workers and killed many
more from other countries.
After Israel retaliated by invading Gaza to destroy Hamas
military wing (its political leadership has been in Qatar since 2012), there
were worldwide condemnations of Israel with false accusations of genocide, oppression,
and apartheid in Gaza.
Thats truly astonishing as Israel was defending itself
against an existentialist threat by Hamas to eradicate the Jewish state.
Another shocker was that many elite college students took the
side of Hamas. Protests, vigils, and
demonstrations on campus since the October 7th Hamas attack have
been characterized by displays of shocking ignorance. Students call for Palestine to be free from
the river to the sea, but few know which river or which sea. They shout about
Israels oppression and genocide without considering how such terms might apply
to the Hamas regime they seek to defend.
In our opinion, this ignorance had to come from fake news
on social media (especially TikTok) and the brainwashing of these
students by the left leaning [1.] university professors. We covered that thoroughly in this
Note 1. Left-leaning
economic beliefs range from Keynesian economics and the welfare state
through industrial democracy and the social market to the nationalization of
the economy and central planning, to the anarcho-syndicalist advocacy of a
council-based and self-managed anarchist communism.
University Presidents Fail to Condemn Genocide of Jews:
On December 5th, during a U.S. House of
Representatives committee hearing of antisemitism on college campuses, leaders of Harvard, M.I.T. and Penn which evaded
questions about whether students should be disciplined if they call for the
genocide of Jews. U.S. House
Representative Elise Stefanik, Republican of New York, repeatedly asked the
presidents of M.I.T., Harvard and the University of Pennsylvania if calling for
the genocide of Jews violated the code of conduct at their schools and that
students that did so should be disciplined. They tried to evade answering the
question invoking free speech as an excuse.
The First Amendment of the U.S. Constitution protects freedom
of speech. It also protects freedom of religion, the press, assembly, and the
right to petition the government.
However, free speech does not in any way excuse the context
of promoting GENOCIDE! Certainly, people can protest for a cause, but not for
the death of an ethnic/religious group of people.
Calls for genocide are monstrous and antithetical to
everything we represent as a country, said Andrew Bates, White House Deputy Press
Well now delve deeper into the increase in antisemitism and
false claims of Israeli genocide and apartheid.
Specious Claims of Apartheid, Oppression and Genocide:
The context of this issue was twisted from Israels right of self-defense
to preserve its existence as a Jewish state into the made up claims of apartheid,
oppression, and genocide by Israel in Gaza.
That narrative was mistakenly used to justify Hamas October
7th attack and to condemn Israels retaliation in Gaza in an attempt to destroy Hamas. Lets examine the facts:
1. Israel evicted its residents, dismantled settlements,
and totally exited the Gaza strip in September 2005. It ceded control of
the strip to the Palestinian Authority (PA), which was envisioned as an interim
organization to administer a limited form of Palestinian self-governance. That didnt last very long. The residents of
Gaza voted for Hamas in the January 25, 2006
elections, because they believed the PA was corrupt. There have not been any
elections in Gaza since then!
A civil war between Hamas and the PA ensued. The period from March to December 2006 was
marked by tensions between those factions when PA commanders refused to take
orders from the Hamas-led government in Gaza. Tensions further grew between the
two Palestinian factions after they failed to reach a deal to share government
power. Israel was not involved in that
-->So how could Israel be guilty of apartheid or
oppression in Gaza when they had absolutely no presence in the Gaza strip?
2. Genocide is the deliberate killing of a large number of people from a particular national or
ethnic group with the aim of destroying that nation or group. Was Israel
guilty of that in Gaza?
Self-defense by Israel to preserve its existence by
seeking to destroy Hamas in Gaza was said to be genocide of the
Palestinians in Gaza. That despite IDF
robocalls and dropping leaflets that urged North Gaza residents to move to the
south. According to Al Jazeera, 1.9M Gaza residents or 85% of the
population took that advice and were unfortunately displaced.
Importantly, Hamas uses civilians as human shields by
locating its command centers and bunkers underneath hospitals, schools,
apartment buildings, and even mosques.
U.S. intelligence has corroborated this assertion and heres proof:
The IDF recently uncovered a massive Hamas weapons
arsenal inside a civilian building. More than 30,000 explosives have now been
seized by the IDF since the operation began. CNN reports that among the weapons
found were "explosive belts adapted for children."
The IDF also released a video it obtained by seizing
intelligence from Hamas computers showing young children being trained how to
use military rifles. You can watch it here.
3. Who are the
groups/entities responsible for the anti-Israel propaganda campaign and
hatred of the Jewish people? Its the
same people that support Hamas and other Islamic terrorist organizations such
as Hezbollah, Islamic Jihad, and the Houthis.
Are Arab Countries for or Against Israel?
Its very disappointing that the Arab countries which have
normalized relations with Israel- Egypt, Jordan, and the Abrahamic Accord
Arab states (the UAE, Bahrain, Morocco, and Sudan) - have not condemned Hamas
or supported Israel in the Gaza war.
Neither has Saudi Arabia, which was in negotiations with the U.S. to
establish diplomatic relations with Israel before the October 7th
Instead, a November 11th joint Islamic-Arab summit in Riyadh urged
the International Criminal Court to investigate "war crimes and crimes
against humanity that Israel is committing" in the Palestinian
territories, according to a final communique.
Saudi Arabia Prince Mohammed affirmed the kingdom's "condemnation
and categorical rejection of this barbaric war against our brothers in
Incredible Poll Results:
The majority (51%) of Americans aged 18-24 think Israel
should be ended and given to Hamas and the Palestinians, according to a Harris-Harvard poll. Only 32% said they
believed in a two-state solution, and just 17% said other Arab states should be
asked to absorb Palestinian populations.
That percentage was in stark contrast to other age groups,
which all dramatically preferred a two-state solution. Just 4% of Americans 65
and over said they felt Israel should be ended.
These individuals siding with evil over democracy should be
a wake-up call, Sen. Roger Marshall (R-Kansas) told the NY Post.
Ideological rot among young Americans, driven by woke values and victim
culture, has gotten so bad theyve convinced themselves to sympathize with
actual terrorists who hate America, he added.
Reminder: Civilians Die in Wars!
Recall the U.S. bombing of Hiroshima and Nagasaki, Japan
(residents were also warned with pamphlets to leave) and the U.S. and UK
bombing of Dresden Germany in World War II.
Also, an estimated 2M Vietnamese, Cambodian, and Laotian civilians were
killed during the Vietnam war.
It should be noted that when the so-called justification of
the U.S. invasion of Iraq in March 2003, was that Iraq had weapons of mass
destruction (which did not exist). Yet estimates of the number of Iraq War
casualties range from 151,000 violent deaths as of June 2006 (per the Iraq
Family Health Survey) to 1,033,000 excess deaths (per the 2007 Opinion Research
Business (ORB) survey).
The death of more than 500,000 dead Iraqi children (more than
Hiroshima) was "a very hard choice, but the price-we think the price is
worth it," said the late Madelyn Albright during a 60 Minutes interview which you can watch on X
The self-defense of Israel by attacking Hamas, which lives
and hides behind the Palestinian civilians is not genocide! The intent was not to harm anyone other than
the Hamas military members. However,
huge collateral damage was unavoidable since Hamas uses Palestinians as human
Here are a few important questions to ponder:
1. Why did several Arab nations (Egypt, Jordan, UAE, Bahrain,
Morocco and Sudan) recognize and make peace with
Israel, but not Hamas?
2. Why isnt Hamas accused of genocide since it wants to
destroy Israel and kill all Jews? From the Hamas charter:
Israel will exist and
will continue to exist until Islam will obliterate it, just as it obliterated
others before it.
The Day of Judgement
will not come about until Moslems fight the Jews (killing the Jews), when the
Jew will hide behind stones and trees. The stones and trees will say O Moslems,
O Abdulla, there is a Jew behind me, come and kill him.
Article 12 of the
Charter links the exclusive Muslim right to the land between the
Mediterranean Sea and the Jordan River with the religious obligation incumbent
upon all Muslims to wage a war of religious purification. Nothing in
nationalism is more significant or deeper than in the case when an enemy should
tread Moslem land. Resisting and quelling the enemy becomes the individual duty
of every Moslem [sic], male or femalea point later reiterated in Articles 14
3. Why dont Islamic
states object that Hamas charter violates the Quran:
The Quran mentions the
Torah (Tawrah) 18 times and confirms that it is the
word of God. The Torah is also described as a work that supported the Quran and
a guide from Allah.
The Quran specifies that
the Land of Israel is the homeland of the Jewish people, that God Himself
gave that Land to them as heritage and ordered them to live therein. [17.104] "Pharoah sought to scare them
[the Israelites] out of the land [of Israel]: but We [Allah] drowned him
[Pharoah] together with all who were with him. Then We [Allah] said to the
Israelites: 'Dwell in this land [the Land of Israel]. When the promise
of the hereafter [End of Days] comes to be fulfilled, We
[Allah] shall assemble you [the Israelites] all together [in the Land of
Possibility of a 2-State Solution:
A two-state solution (Israel and Palestinian states
living peacefully, side by side) would only be possible if Hamas is gone. Otherwise, mass murders of Israelis will
never stop! That is a call for Israels self-defense and existence- not
genocide. Nor is it oppression when Gaza residents must leave their homes
because theyre being used as human shields by Hamas.
Deceased PLO leader Yasser Arafat best expressed the
goals of Hamas, whose leaders Ismail
Haniyeh (in Qatar) and Yahya Sinwar
(in Gaza) mindsets and hatred are even worse than Arafats. Here are a few selected Arafat quotes:
We plan to eliminate the state of Israel and establish a
purely Palestinian state. We will make life unbearable for Jews by
psychological warfare and population explosion. We Palestinians will take over
everything, including all of Jerusalem.
Peace for us means the destruction of Israel. We are
preparing for an all-out war, a war which will last for generations
We will not bend or fail until the blood of every last Jew
from the youngest child to the oldest elder is spilt to redeem our land!
We shall never stop until we can go back home
and Israel is destroyed... The goal of our struggle is the end of Israel, and
there can be no compromises or mediations... the goal of this violence is the
elimination of Zionism from Palestine in all its political, economic
and military aspects... We don't want peace, we want victory. Peace for us
means Israel's destruction and nothing else.
Yasser Arafat was the President of the
Palestinian National Authority and Chairman of the Palestine Liberation
Organization (PLO), died unexpectedly on Novembers 11, 2004, 75 years of age,
after a short period of illness.
Weve previously covered this important geopolitical topic in
Tribute to the Aden Sisters:
Wed like to acknowledge the great work and support of Mary
Anne and Pamela Aden, publishers of the highly acclaimed Aden Forecast (a monthly 12-page investment
newsletter) since 1982. They are truly objective in their analysis of all the
major markets, with special emphasis on precious metals, currencies, domestic
and international stock markets, and natural resources. Heres a chart from their latest update:
Be well, keep active, and try to be objective in this age of
disinformation and propaganda campaigns.
Till next time
Follow the Curmudgeon on Twitter @ajwdct247
Curmudgeon is a retired investment professional. He has been involved in financial markets since 1968 (yes, he cut his teeth on the 1968-1974 bear market), became an SEC Registered Investment Advisor in 1995, and received the Chartered Financial Analyst designation from AIMR (now CFA Institute) in 1996. He managed hedged equity and alternative (non-correlated) investment accounts for clients from 1992-2005.
Victor Sperandeo is a historian, economist and financial innovator who has re-invented himself and the companies he's owned (since 1971) to profit in the ever changing and arcane world of markets, economies, and government policies. Victor started his Wall Street career in 1966 and began trading for a living in 1968. As President and CEO of Alpha Financial Technologies LLC, Sperandeo oversees the firm's research and development platform, which is used to create innovative solutions for different futures markets, risk parameters and other factors.
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