New accords among Israel, Bahrain and the UAE challenge a long-standing paradigm for peacemaking. The diplomatic agreements being signed this week among the United Arab Emirates, Bahrain and Israel present formidable challenges to the long-standing paradigm for peacemaking in the Israeli-Palestinian conflict and are yet to provide a viable substitute.

Train of thought To start with, here are some recent quotations that weigh heavily on the negative aspects of the US$ and its role as the global reserve currency, also known as the petrodollar.

Since mid-August of this year, there has been an increase in the number of Iranian and Azerbaijani reports celebrating the continued warming of relations between these neighboring states. Of particular interest is the near-completion of a synchronized power grid between Iran, Azerbaijan, and Russia. Synchronization is a requirement for buying …