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) 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