[Let's see, Israel has to give up land, money and recognize Palestine as a state and all Palestine has to do is simply recognize the right for Israel to exist.]

What the hell are you talking about? You must be kidding? You should be naïve to believe such allegations. All that Israel needs is time, enough time for the "Fait accompli" and support from the so-called International community.
The "fait accompli" is not peace. Israel needs to have 'Goodwill and intentions'

No one should forget those leaders who gave their lives for peace, Saddat of Egypt and Yitzhak Rabin of Israel.

For me the recognition issue is a mere pretext. Most Arab states have signed either publicly or secretly for peace with Israel, which is an implicit recognition of its right to exist. BTW, they are still engaged in this process.

[The irony is that if Palestine doesn’t ever recognize this right, Palestine will continue to threaten violence in order to force a state that they do not think has the right to exist to support their own very existence.]

Recognition doesn't hinder declaring war and or invade any sovereign state.

See Iraq and Kuwait, then USA and Iraq, let alone USA, Ethiopia and Somalia.

Amen!