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The Zionist movement started in the early 1880s and was opposed by world Jewry, while the Balfour declaration to steal (calling spades spades here) Palestinian territories was made in 1917 - the designs predate the horrors of WWII and the holocaust some 30 or 60 years depending which event you're counting from.
When Ibn Saud and Roosevelt had a rather friendly and cordial discussion on the issue following WWII, Ibn Saud suggested (paraphrasing) "then give them the choicest of homes and lands of the Germans who oppressed them", a statement which foreign correspondents David Holden and Richard Johns described as unassailable logic. I'm in total agreement with them.
Given how far UK, USA, Germany and others have gone to upholding a genocide, preventing a ceasefire and are even targeting Yemenis who have not killed a single person with their disruption in the Red Sea and are now sanctioning South Africa, I'm sure they would've offered similar support if something kicked off in Europe again.
It's true, Europe has repeatedly failed their resident Jewish (and to a different extent Muslim) populations through their history of inquisitions and pogroms etc. They failed again with the Holocaust, and they failed again in 1948. The only difference in the last case was which population was being ethnically cleansed this time round.
Point is that this is clearly not a working 'solution' and yes I maintain that the premise was absurd from the get go.
Fair analysis but I can't help noticing you omitted a rather large event to do with the Eastern Europeans Jewish migrants there