You may view the 5 minute update this week via audio:
In this week’s 5 minute update, we focused on several things:
1) The current status of the Israel / PLO peace process
2) The possibility of war with Hizbullah
3) The US economy and the fall of the dollar
Former Israel Prime Minister Ehud Olmert admitted again that he made a peace offer to the Palestinians in 2008 which included borders, dividing Jerusalem, making the old city and the Temple Mount be under international control and accepting Palestinian refugees. The settlement freeze ended on September 26. There was no agreement to extend the settlement freeze. Despite not extending the freeze, Netanyahu stated a desire to continue with direct talks and said that he was sincere about his desire to finalize a peace agreement within a year. The settlers celebrated that there was no agreement. The US expressed ‘disappointment’ that the freeze was not extended. Abbas has called for a meeting of the Arab League on October 4 to discuss the issue. Meanwhile, George Mitchell is traveling to the Middle East this week to try to find a compromise solution to the issue. October 4 seems to be the new crisis date regarding the future of the direct talks.
An agreement to divide Jerusalem and establish a PLO state is a tribulation event.
The link to these articles are as follows:
1) Olmert: US agreed to accept 100,000 refugees
2) Israel building slowdown ends and settlers celebrate
3) US ‘disappointed’ with Israel as Mideast talks in danger of collapsing
4) PA official gives Israel, US a week to find solution
5) Arab League to meet next week to decide if Israel-PLO talks should continue
6) US envoy resumes Mideast mission
Regarding Iran, Hizbullah has successfully tested a new missile in Israel that has a maximum range of 200 kilometers capable of reaching Jerusalem and Ashdod if it was launched from the Israel-Lebanon border.
A US war with Iran is a tribulation event.
The link to this article is as follows:
1) Report: Hizbullah successfully tests new missile in Iran
Regarding the US economy, the Federal Reserve is debating how to stimulate the US economy through buying US Treasury notes. In truth, buying US Treasury notes is printing money to pay for US debt. It has been named quantitative easing. In the short term, this will bring down US interest rates. In the long term, it will result in dollar devaluation and hyperinflation. In response to possible US action, other economies of the world are also trying to weaken their currencies. These policies by global central banks spell trouble for paper currencies. As a result, gold has hit a new all-time high of over $1,300 an ounce.
The collapse of financial Babylon is a tribulation event.
The link to these articles is as follows:
1) Trashing the dollar to save the US economy
2) Prepare for currency / trade wars
3) Gold is the final refuge against currency debasement
4) US money printing presses at warp speed
From a Biblical prophetic perspective, the reason why the God of Israel would allow these events to happen is because it will result in the end of the exile of the house of Jacob and the reunification of the 12 tribes of Israel (Ephraim and Judah).
We will to be “watchmen on the walls of Jerusalem” and we will not rest until the God of Israel makes Jerusalem a praise in the earth (Isaiah 62).
Shalom in Yeshua the Messiah,
Eddie Chumney
Hebraic Heritage Ministries Int’l