You may view the 5 minute update this week via audio:
In this week’s 5 minute update, we focused on:
1) The current status of the Israel / PLO peace process
2) The prospects for war with Syria and Iran
3) The prospects for economic collapse in the USA and the world
The Palestinians have asked foreign diplomats to support a bid for a non-member observer status at the United Nations. The request would be put to the UN General Assembly where approval would require a simple majority of those present. No individual country has veto rights at the UN General Assembly. Being a non-member observer state – a status held by the Vatican – would improve the Palestinians’ chances of joining UN agencies and the International Criminal Court. Hanan Ashrawi, a Palestine Liberation Organization (PLO) executive committee member, said “Even though the timing has yet to be determined, we are co-ordinating our efforts with Arab and Muslim countries, as well as with the international community.”
The European Union is refusing to recognize the city of Modi’in as being a part of Israel. As a result, products exported from there fall outside the parameters of the free-trade agreement known as the EU-Israeli Association Agreement. The Israeli foreign ministry objected to the decision.
Meanwhile, the Muslim Brotherhood has completely taken over power in Egypt. Egypt’s President Mohamed Morsi fired leaders of the pro-American Supreme Military Council who has been ruling Egypt since Hosni Mubarak’s overthrow. Furthermore, Morsi has gained control of the media in Egypt. Finally, he called for regime change in Syria. Morsi would like to see the Muslim Brotherhood come to power in Syria in an effort to establish a Sunni-Islam Caliphate run by Sharia law.
An agreement to divide Jerusalem and establish a PLO state is a tribulation event.
The link to these articles are as follows:
1) Palestinians appeal for support for UN member-state bid
2) For the first time, EU puts Modi’in outside Israel
3) Muslim Brotherhood anti-army coup in Cairo. Tanks move up to Israel border
4) Egypt’s New President Moves Against Democracy
5) At Islamic conference, Egypt’s Morsi calls for regime change in Syria
Russia warships are heading to the Mediterranean. Chinese warships docked in Israel. As odds increase for foreign military intervention in Syria, Saudi Arabia, the United Arab Emirates and Qatar told their citizens to leave Lebanon. US Secretary of State Hillary Clinton mentioned the possibility of establishing a no-fly zone over some parts of Syria to help the rebels defeat the Assad government. A no-fly zone is one in which outside nations prohibit flights over parts of another country and enforce it militarily. The creation of such a zone over Libya last year seriously constrained the use of pro-Gaddafi aviation and artillery. France, Britain and then NATO made ample use of it to eventually bring about a regime change in Libya. However, Defense Secretary Leon Panetta says plans to set up a no-fly zone over parts of Syria are “not on the front burner.”
Turkey has sent the Syrian rebels fighting in Aleppo their first shipment of shoulder-carried, anti-air FIM-92 Stingers. The Stinger is a heat-seeking missile. Turkey manufactures the Stingers under American license and is obliged by contract to obtain US permission for their transfer to a third party. It was granted by Washington on the quiet. BritishForeign Secretary William Hague said that his government had granted Syrian rebels $8 million of “non-military support.” The Syrian rebels’ Western and Arab sponsors have given them 20 Russian-made T-62 tanks from Libya. As the rebels are increasingly being armed with greater weaponry, the danger continues to increase that Assad may decided to use unconventional weapons to try to remain in power.
On the other hand, Iran is playing a growing role supporting the Syrian regime and is helping to build and train a militia to fight against opposition forces. While the US provides vital help to the Syrian rebels, they condemn those who are helping Assad to remain in power. Clearly, Syria is deeply entrenched in a proxy war being waged between the West and Arab countries against Russia, China and Iran.
A war with Syria where Damascus is destroyed (Isaiah 17) is a tribulation event.
The link to these articles is as follows:
1) Russian Warships Head to Mediterranean
2) Chinese Warships Dock in Israel
3) Gulf States warn citizens to leave Lebanon
4) US mulls no-fly zone over Syria
5) Panetta: Syria no-fly zone not on front burner
6) Clinton: Chemical warfare is planned for. Rebels get first anti-air Stingers
7) Syrian rebels armed with first T-62 tanks
8.) Iran is building, training militia in Syria, Pentagon says
9) US Hypocritically Accuses Iran of Sending Pro-Regime Militias to Syria
The US has imposed new sanctions on Iran in an effort to punish banks, insurance companies and shippers that help Iran sell its oil. Russia called the measures “overt blackmail” and a “crude contradiction of international law.” Russia flexed its military power to the US by positioning a nuclear-powered attack submarine armed with long-range cruise missiles in the Gulf of Mexico for several weeks which went undetected by the US Navy.
Israel continues to warn that “time is short” for diplomacy to work to convince Iran to give up its nuclear program. Michael Oren, Israel’s ambassador to the U.S. said that because the five permanent members of the UN Security Council and Germany have so far failed to negotiate a compromise, Iran is expected to buy more time to install additional centrifuges to produce more uranium that would be hidden inside fortified bunkers beyond Israel’s reach.
Israel Defense Minister Ehud Barak said that the new US National Intelligence Estimate (NIE) on Iran as confirming that both capitals understand that not much time is left for making decision on whether or not to go on the offensive against Iran’s nuclear facilities and when, because, he said, “a nuclear Iran is taking shape right before our eyes.” Regarding the possibility of an Israeli military strike against Iran, Barak said, “it would be much more complicated, much more dangerous and much more expensive – to deal with a nuclear Iran in the future.” Concerned that Israel might decide to attack Iran in the next several months, US President Barack Obama has requested a meeting with Israel Prime Minister Benjamin Netanyahu at the next UN General Assembly session to be held at the end of September. Sources close to Obama admit that the dialogue on Iran with Israeli leaders has run its course since neither side believes it can change its opposite number’s mind. Nevertheless, Israel media reports that Obama will seek to assure Israel that the US will use force to stop Iran’s nuclear weapons drive by next June at the latest if Iran has not halted its program by then, In preparing for a war with Iran, Israel has designated 60 privately owned garages and underground lots as bomb shelters than can be used by 800,000 people. They have also successfully tested a mobile text-messaging warning system to alert people of a possible missile attack.
DEBKA reports that Iran will have the capability to make one nuclear bomb by October 1. Reports from Israel media outlets indicate that Prime Minister Benjamin Netanyahu is ‘close’ to ordering a strike against Iran. However, Israel is willing to delay this action if Obama would do several things. First of all, Obama must repeat, publicly (at the UN General Assembly for instance), that the US will not allow Iran to obtain nuclear weapons and that Israel has a right to defend itself, independently. Second, Israel is also demanding that Washington inform Iran that if significant progress in the negotiations with the P5+1 group (the permanent members of the UN Security Council and Germany) is not made within the next two weeks, the talks will be suspended. Third, Israel is also urging the US and the European Union to increase the direct economic pressure on Iran. Government officials in Israel have admitted that the sanctions are very effective but they claim that the Iranian military nuclear program is advancing faster than the sanctions’ “hourglass.” Another Israeli demand refers to the so-called “red line” of Iran’s nuclear program. The Obama administration claims that it will strike once intelligence agencies identify a “breakthrough” in the development of nuclear weapons, as defined by Iranian Supreme Leader Ali Khamenei. Israel argues that Iran must not be allowed to even come close to achieving nuclear “breakout” capability. In order to discourage Israel from unilaterally attacking Iran, the US has told Israel that they would not necessarily join in were Israel to launch a military strike against Iran’s nuclear program. White House spokesman Jay Carney said the US was committed to giving talks with Tehran a chance to bear fruit. He said, “We continue to believe there is time and space for diplomacy, the opportunity remains for Iran to take advantage of this process.”
The link to these articles is as follows:
1) New U.S. sanctions on Iran are ‘overt blackmail,’ says Russia
2) Russian attack submarine sailed in Gulf of Mexico undetected for weeks, U.S. officials say
3) Israeli envoy warns time is short for Iran diplomacy
4) Barak: A nuclear Iran is taking shape before us. Time for decisions is short
5) Barak: Waiting on Iran would be more dangerous
6) Obama initiates September meeting with Netanyahu to renew Iran dialogue
7) Tel Aviv designates 60 underground parking lots and garages to serve as bomb shelters for 800,000
8.) Israel tests missile text-messaging warning system
9) Iran can build an N-bomb by Oct. 1. Cairo coup hampers Israeli action
10) Benjamin Netanyahu ‘Close’ To Ordering Strike Against Iran
11) Israeli demands from Obama
12) ‘US message to Israel: Don’t rely on us to finish the job in Iran’
13) Obama set to assure Israel that, if all else fails, US will attack Iran by June 2013 — TV report
China and Japan continue to move away from using the US dollar. This year, China and Japan has started bilateral trade using their own currencies. In 2010, 1% of Chinese trade was settled in their own currency. This year, it is 10%. There are many signs that the US government and major US banks are preparing for the collapse of the financial system. The U.S. government has been secretly directing five of the biggest banks in America “to develop plans for staving off collapse” for the last two years. Over the past 12 months, hundreds of banking executives have been resigning and corporate insiders have been selling off enormous amounts of stock.
In the offfice of the comtroller of the currency derivatives report for the first quarter of 2012, we are told that there are $228 trillion dollars represented in derivative contracts. The four largest commercial banks represent 93% of this amount. They are JP Morgan-Chase, Bank of America, Goldman Sachs and Citibank. The combined assets of the top five banks holding derivatives is just $4.8 trillion. Therefore, they have an eye popping 46 to 1 leverage! JP Morgan-Chase holds over 70 trillion dollars worth of derivatives. The entire world has a little more than $700 trillion in derivative exposure and JP Morgan-Chase has 10% of all the derivative exposure on the planet! 81% of total derivative amounts are held in interest rate derivatives. With a sudden and dramatic spike in interest rates, the entire world financial system could collapse. JP Morgan-Chase, Bank of America, Goldman Sachs and Citibank are among the top financial contributors to the presidential campaign of Republican candidate Mitt Romney.
Perhaps expecting a collapse of the banking system in the near future, billionaire and elitist George Soros has sold all his stock in Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares), leaving him with no position in any major ban stocks at all. Furthermore, Soros bought 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust. Why is Soros dumping over a million shares of stock in major banks and purchase more than 100 million dollars worth of gold? In addition, billionaire John Paulson has been buying gold like crazy and his company now “has 44 percent of its $24 billion fund in gold.” Finally, according to the World Gold Council, the amount of gold bought by the central banks of the world doubled during the second quarter of 2012 compared to the same period in 2011. Prior to 2009, the central banks of the world had been net sellers of gold for about two decades.
The US government may be preparing for a collapse of the financial system and civil unrest as the Social Security Administration plans to buy 174,000 hollow point bullets which will be delivered to 41 different locations all over America. In March, Homeland Security purchased 450 million rounds of .40-caliber hollow point bullets that are designed to expand upon entry and cause maximum organ damage.
Worldwide economic collapse resulting in a one world government with one-world currency is a tribulation event.
The link to these articles are as follows:
1) How China And Japan Are Slashing Their Dependence On The US Dollar
2) Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?
3) Office of the Comtroller of the Currency Derivatives Report: First Quarter 2012
4) Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposure
5) Understanding Interest Rate Derivatives
6) Systemic Risk Is Everywhere
7) The Banks And Derivatives: Too Big To Fail Or Too Exposed To Be Saved?
8.) Mitt Romney Top Financial Supporters
9) EXCLUSIVE: U.S. banks told to make plans for preventing collapse
10) Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG
11) Hedge fund Soros Funds has filed his quarter 13-F report with the SEC
12) World Gold Council: Central Bank Gold Demand Doubles in Second Quarter
13) Insiders are selling. Should you?
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