Watchman of Zion

You may view the 5 minute update this week via audio:

1) Listen to the audio

In this week’s 5 minute update, we focused on several things:

1) The current status of the Israel / PLO peace process
2) Unrest in different Middle Eastern states besides Egypt and Libya
3) Economic developments in Europe and the USA which could cause problems for the Euro and US Dollar

Israel PM Benjamin Netanyahu gave an interview with CNN speaking of his position on the peace process.  The international community especially wants Netanyahu to specify if he is willing to divide Jerusalem and make East Jerusalem the capital of a PLO state.  Netanyahu said that Jerusalem must remain united under Israel but that he would be willing to discuss the status of Jerusalem in peace negotiations with the PLO if they were willing to recognize Israel as a Jewish state.  Netanyahu’s lack of public commitment regarding if he is willing to make East Jerusalem the capital of a PLO state has now caused Britain, France and Germany to call upon the United Nations and the European Union to present a framework peace agreement proposal to establish a PLO state this September.  This proposal is being discussed to be presented at the Quartet meeting in April. This week, US Secretary of State Robert Gates visited Israel and the PLO. PLO President Salam Fayyad told Robert Gates that the PLO are expecting the international community to recognize a state by September. There was a bombing in Jerusalem. This is the first serious bombing since 2004. Hamas fired rockets into Israel. Israel responded by bombing targets in the Gaza. At the moment, it looks as if the only way that there can be a PLO state by September is if it is recognized through the United Nations Security Council. Otherwise, it looks like there could be a regional war in the Middle East in the spring or summer.  A regional war is a tribulation event.

An agreement to divide Jerusalem and establish a PLO state is a tribulation event.

The link to these articles are as follows:

1) CNN: Netanyahu wants peace with Palestianians
2) Diplomats: New European peace proposal
3) Fayyad updates U.S. on plan for Palestinian statehood in 2011
4) Woman killed, dozens hurt in Jerusalem bombing
5) Hamas fires dozens of mortars at Israel
6) Gaza: Israel Replies With Strikes
7) Israel Retaliates for Deadly Blast, Rocket Attacks
8.) Warplanes pound Gaza, rockets strike deeper into Israel

Political unrest is spreading in the Middle East. Protests are happening in Syria, Yemen as well as Bahrain. While all of these are important, the BIG one to watch is Saudi Arabia. The way in which the USA has handled political developments with Egypt are of great concern to Saudi Arabia and is straining relations with the USA. If there is political unrest in Saudi Arabia, oil could go to $150 to $200 a barrel and could significantly hurt the world economy. Political unrest in Middle East countries could evolve into a regional war with Israel.

The link to these articles are as follows:

1) Wave of unrest shakes Syria
2) Protests in Syria / It’s getting closer
3) Amnesty on Syria: 55 protesters believed killed in Deraa
4) Middle East round-up: Yemen president warns country on brink of civil war
5) ‘Arab spring’ drives wedge between U.S., Saudi Arabia

Ireland may need an additional bailout of its banks. Portugal’s Prime Minister resigned after his government would not approve deficit reduction measures. Investment icon Warren Buffet indicated that the collapse of the euro is NOT unthinkable.  US home sales are at a record low. 20% of homes in Florida are vacant. Rising gas prices are squeezing the family budget of average Americans.  A member of the Federal Reserve says that the USA is fast approaching bankruptcy.  These news items indicate that a collapse of the Euro and US dollar is possible in 2011.

A collapse of the US dollar and the establishment of one world currency is a tribulation event.

The link to these articles are as follows:

1) Ireland may need over 35 billion euros for banks
2) Portugal’s prime minister resigns after losing austerity measure confidence vote
3) Euro’s Collapse Is Not ‘Unthinkable’: Warren Buffett
4) Nearly 20% of Florida homes are vacant
5) U.S. new home sales plunge to record low
6) Rising gas prices eating into U.S. shopping budgets
7) US Approaching Insolvency, Fix To Be ‘Painful’: Fisher

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

You may view the 5 minute update this week via audio:

1) Listen to the audio

In this week’s 5 minute update, we focused on several things:

1) The current status of the Israel / PLO peace process
2) Economic instability with Europe

Five members of a Jewish family were killed in the West Bank settlement of Itamar.  As a response to this murder, Israel announced that they are going to build 500 new homes in West Bank settlements. The US condemned Israel’s plan for new building. The Quartet (US, UN, EU and Russia) expressed doubt that Israel and the PLO can agree upon the terms for peace in the near future. As a result, the Quartet has decided to consider putting out a statement in April on their position regarding the final status issues. Uruguay is the latest South American country to recognize a PLO state.  France said that it would recognize a PLO state if it was done with the support of the European Union. The PLO have decided that they want to pursue having the UN recognize a PLO state in September.  Seeing that the international community is indicating that they are willing to recognize a PLO state without a peace agreement with Israel, Israel Defense Minister Ehud Barak indicated that Israel needs to advance the peace process or face international isolation. Prime Minister Benjamin Netanyahu is planning to outline a new diplomatic plan next month. However, the PLO is expected to not accept it.  Netanyahu and Abbas are planning to meet next week with Russian President Dmitry Medvedev to discuss ideas on how to advance the peace process. Finally, Israel captured a ship from Turkey headed to Gaza which contained many weapons and Israel claims that the arms on the ship came from Iran via Syria.

An agreement to divide Jerusalem and establish a PLO state is a tribulation event.

The link to these articles are as follows:

1) Terror attack in Itamar: 5 family members murdered
2) Israel approves 500 new homes in West Bank in response to Itamar attack
3) US raps Israel for settlement approval after Itamar murders
4) Quartet ‘giving up hope’ of renewing Israeli-Palestinian talks
5) Uruguay joins South American nations in recognizing Palestinian statehood
6) France: EU recognition of Palestinian state ‘a possibility’
7) Palestinians eye UN recognition of state
8.) Barak: Israel must advance peace or face a ‘diplomatic tsunami’
9) Netanyahu to unveil new diplomatic plan
10) Abbas and Netanyahu invited to Moscow for talks
11) IDF seizes boat carrying weapons from Turkey to Gaza
12) Netanyahu: Arms on seized ship came from Iran via Syria

European banks have a 2.5 trillion dollar exposure to the debt laden nations of Greece, Ireland, Portugal and Spain. Ratings agency Moody’s downgraded the debt of Portugal again this week. Because of these developments, there is risk that the EU will have another sovereign debt crisis in the near future that could negatively impact the Euro. If the Euro collapses then the US dollar will collapse also.

A collapse of the US dollar and the establishment of one world currency is a tribulation event.

The link to these articles are as follows:

1) Banks have 2.5 trillion exposure to ailing quartet of Greece, Ireland, Portugal and Spain
2) Moody’s downgrades Portugal debt rating

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

You may view the 5 minute update this week via audio:

1) Listen to the audio

In this week’s 5 minute update, we focused on several things:

1) The current status of the Israel / PLO peace process
2) Are there signs that the EU and the Euro will have a crisis? US dollar collapse?

The PLO wants to be a full member of the UN (be recognized as a state) by September. The PLO is lobbying the Quartet (EU, US, UN and Russia) to declare a statement that they will recognize a PLO state based upon 67 borders with East Jerusalem as its capital. After that, the PLO would like the UN to unilaterally recognize a PLO state based upon 67 borders with East Jerusalem as its capital by September.  PLO Prime Minister Salam Fayyad says that Benjamin Netanyahu needs to state whether he accepts a PLO state based upon 1967 borders in the near future. France has indicated that they will recognize a PLO state based upon 1967 borders with East Jerusalem as its capital in September if Israel doesn’t agree to the borders of a PLO state by that time. France is lobbying other EU countries to do the same. Feeling international pressure and the prospects of international isolation, Benjamin Netanyahu has announced that he will reveal a new diplomatic initiate in May in the USA. Israel government sources indicate that this plan would include a temporary PLO state now in about 50% of the West Bank while giving more control of the West Bank over to the PLO. The Israeli government would agree to negotiate the details of a final solution within a specified period of time. The PLO is rejecting this idea. Waiting to hear the details of Netanyahu’s new ideas, the Quartet canceled their March meeting to give Netanyahu more time to formulate and reveal his new position. Defense Minister Ehud Barak said that Netanyahu can’t wait until May to reveal his plan but needs to do so within the next couple of weeks.

An agreement to divide Jerusalem and establish a PLO state is a tribulation event.

The link to these articles are as follows:

1) Israel looks to surrender control of strategic land
2) Barak urges PM not to wait with peace initiative
3) Mideast Quartet Meeting Delayed Because Of ‘Changes’ In Mideast
4) Palestinian presidency urges Quartet to support European statement
5) France to recognize Palestinian state in September: official
6) Abbas calls for full Palestinian membership in the UN
7) PA pushing Quartet to recognize 1967 borders
8.) Fayyad asks Israeli PM to define Palestinian state

The world’s largest bond fund has sold all of its US Treasury notes (US government debt) due to fears of higher inflation and the collapse of the bond market. The Federal Reserve is now buying 70% of US Treasuries. QE2 is scheduled to end in June. If the Federal Reserve quits buying US Treasuries, who will buy the US debt? The US recorded its largest monthly budget deficit ever in February of over 222 billion dollars. There are growing signs that the EU will be facing another financial crisis soon. The debt of Spain has been downgraded and Spain needs money to recapitalize its banks. The cost to finance the debt of Greece and Portugal continue to grow. Because of this, there is concern that the EU will have another sovereign debt crisis in the near future. In December, we revealed that a “globalist insider” indicated that the Euro could collapse anywhere from March – July, 2011. If the Euro collapses then the US dollar will collapse also.

A collapse of the US dollar and the establishment of one world currency is a tribulation event.

The link to these articles are as follows:

1) World’s Largest Bond Fund exits government debt: report
2) Bill Gross: who will buy Treasuries when QE2 stops?
3) U.S. Posts Record Monthly Budget Deficit
4) Greek debt price soars as Moody’s cuts credit rating below Egypt
5) Moody’s downgrades Spain
6) Europe Debt Crisis May Boil to Surface This Week
7) EU paralysis drives fresh bond rout

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