How to Solve the Israeli - Palestinian Crises

How to solve the Israeli - Palestinian Crises:

1. Force Egypt to give up control and claim of Sinai Peninsula.
2. Force relocate ALL the Palestinians to Sinai Peninsula (renamed "New Palestine").
3. Build a heavily fortified Iron Curtain between Israel and New Palestine (similar to North and South Korea's border).
4. Ask a third party to take control of the Jerusalem's Old City (like the UN or Vatican) in order to protect all religious structures.
5. Allow both Israel and New Palestine to create and control their own independent, autonomous, secular and democratic government (similar to Japan's and Germany's).
   
6. Stop spending foreign aid on either country (except for school supplies, food for civilians, and health care supplies for two years for New Palestine).

It will be a hard sell. Egypt must make huge sacrifices of land and pride, the Palestinians will have to make huge sacrifices of home and heritage. Israel's other neighbors will have to bite their tongue and refuse Palestinian refugees. Israel will have to be compassionate and provide fair market value to Palestinian land owners for their property so the Palestinians can afford to rebuild in New Palestine.

This idea was simple to come up with, but impractical and not possible. However, it is a solution in which no one yet seems to be discussing. Are there any other (hopefully better) solutions?