Does the EU Want America to Fall?

Does the EU Want America to Fall?

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A giant rift in monetary policy has left the U.S. and the rest of the West deeply divided. Is the European Union setting itself up to replace the U.S.?

America is on the ropes. Pummeled by the historic failure of its financial center, its economy is on the verge of collapse. America is now pleading with the world for assistance. But is there anyone to come to the rescue?

U.S. Treasury Secretary Hank Paulson is clearly in panic mode. On Friday, 119-year-old Washington Mutual, the largest U.S. savings and loan, bit the dust and was taken over and sold off by the government. Then yesterday it was announced that Citigroup would be “purchasing Wachovia, the fourth-largest bank in America, to keep it from collapsing. To facilitate the deal, the fdic agreed to accept $12 billion worth of Citigroup stock in exchange for insuring hundreds of billions in near-worthless Wachovia-owned mortgages. These two failures join a list of sensational tragedies that now include: Bear Stearns, Indy Mac Bancorp, Lehman Brothers, Merrill Lynch, aig, and Fannie Mae and Freddie Mac.

“It’s all hands on deck,” says Richard Yamarone, director of economic research at Argus Research. “Any and every entity, Treasury, the Fed and all central banks around the world are being summoned to right the potentially sinking ship.”

Thus Paulson, President Bush and Federal Reserve Bank Chairman Ben Bernanke have pushed for what will be the biggest intervention in the financial markets by a U.S. government since the Great Depression—a multi-hundred-billion-dollar taxpayer check to purchase toxic mortgages and cover speculative derivative exposures that are imploding U.S. financial institutions.

Furthermore, Paulson has appealed to America’s “friends” in Europe for assistance in bailing out the U.S.-led global financial system. “We are talking very aggressively with other countries around the world,” he said, “and encouraging them to do similar things, and I believe a number of them will.”

Unfortunately, Paulson is living in a dream world. Many of America’s European “friends,” if not already openly revolting against the U.S. financial system, certainly seem to be moving in that direction.

America’s plan is “not a call for assistance; it’s a scream for help,” writes Germany’s Spiegel. “Some countries are planning to help. But the German government has answered this call quickly and clearly: no” (emphasis mine throughout). Chancellor Angela Merkel slammed greedy American finance, criticizing the U.S. administration for not listening to German calls for tighter regulation. Finance Minister Peer Steinbrueck slammed America too, saying, “there will be shifts in terms of the importance and status of New York and London as the two main financial centers. State-owned banks and funds, as well as commercial banks from Europe [and elsewhere], will close the gaps, creating new centers of power in the financial world,” and “the International Monetary Fund should become the controlling authority for the application of worldwide financial market standards.”

Actually, German media from all across the political spectrum was extremely heavy in its criticism of the U.S. For example, the conservative Frankfurter Allgemeine Zeitung wrote:

As soon as the storm has died down, one will have to talk about the rules of the game. Central banks must intervene sooner to tackle price bubbles in asset markets rather than closing their eyes to them and then footing the bill at the cost of taxpayers.

Center-left Süddeutsche Zeitung wrote:

The downfall of the investment banks has hit America at its core. It shows that the country’s boom was to a large extent founded on self-delusion.

And the left-leaning Frankfurter Rundschau wrote:

The Americans are exposing the world to a highly dangerous experiment. … Who would voluntarily lend an American bank money these days? All the authorities in Europe can do now is try to calm the markets with soothing words—and hope.

But Europe’s biggest economy is not the only one disdaining America.

“It’s a rare day,” noted the Los Angeles Times, “when finance officials, leftist intellectuals and ordinary salespeople can agree on something. But the economic meltdown that wrought its wrath from Rome to Madrid to Berlin this week brought Europeans together in a harsh chorus of condemnation of the excess and disarray on Wall Street.”

Even UK Prime Minister Gordon Brown says America’s financial markets should be subordinated to a set of global rules and global regulators.

But French President Nicolas Sarkozy was perhaps the most critical. He said that the U.S. economic system was dead. And as a result, he said, it is “necessary to rebuild the entire global financial and monetary system from the bottom up, the way it was done at Bretton Woods after World War ii.”

That is a statement with huge implications, coming from another of America’s supposed allies. In July 1944, the Bretton Woods agreement tied the Western democratic economies to America, established the U.S. dollar as the world’s reserve currency, and helped usher in America’s economic superpower status.

A rejection of Bretton Woods is a rejection of America!

“Sarkozy is building to make the crisis a wider struggle between Europe and the U.S.,” reports the Guardian.

The European Union is trying to set itself up as the alternative to the now-defunct U.S.-centric economic system.

When the EU finance ministers met in the south of France on September 14, they publicly ruled out a U.S-style major stimulus package to ward off recession. Jean-Claude Juncker, finance minister and chair of the Eurogroup, said that U.S.–style interest rate slashing, spending increasing, and tax cutting only saddled economies with debt and otherwise had few positive effects.

Juncker wished America luck, saying Europe tried those methods back in the 1970s, and it pretty much ruined their respective economies.

The European Central Bank (ecb) also seems to be setting itself up as an alternative to the Federal Reserve System.

As the Fed has drastically whipsawed interest rates and injected billions of dollars into the financial system to prop itself up, it has done so at the expense of the dollar, rising inflation, and financial system credibility. In contrast, the ecb has been much more conservative, instead focusing on stability and protecting the reputation of the euro. Whenever a central bank makes money too easily available, it undermines the value of the currency and erodes confidence in the system.

But the point is that America and its European “allies” are on drastically different economic courses. And the losses the world has sustained because of the fraud-ridden financial investments that U.S. banks marketed to the rest of the world as aaa-safe investments are causing unparalleled resentment around the globe.

The current banking crisis in America has left America discredited and distrusted. Europe is rapidly setting itself up as the alternative to the U.S. system. And the euro, with all its own problems, has one big thing going for it: It is not the dollar.

The world is about to be introduced to a new economic superpower.

With America in free fall, the world is about to shift its confidence and its money elsewhere. Europe is about to inherit the global economic crown by default.

Greenback Under Attack

Greenback Under Attack

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A less-heard-of threat to the dollar

Foreign governments are losing confidence in the once-mighty U.S. dollar—understandably—because of America’s ailing economy and mountainous debt. But there is another reason the dollar’s value is taking a hit. The greenback also suffers from direct actions by enemy nations that are bent on bringing down the United States. A secret war, Oliver North wrote in Sunday’s Washington Times, is being waged against the dollar.

“[C]orrupt officials in other capitals are … hard at work undermining what’s left of the U.S. dollar—by printing and distributing their own versions of American currency, North wrote (emphasis ours throughout).

He’s not talking about U.S. dollars being forged by foreign gangs or Mafia bosses. This counterfeiting is part of a state-sponsored strategy designed to undermine and ruin the American economy.

“Counterfeiting another nation’s legal tender is not only a crime,” wrote North,

it is also an act of aggression. During World War ii, Adolf Hitler produced British bank notes to destabilize England. Mao Tse-tung used phony money to undermine Chiang Ka-shek’s Nationalist government through inflation. The Soviets created passable replicas of African, European and other monetary instruments to damage local economies. But no one has ever engaged in this kind of economic warfare against the United States on a scale—or as effectively—as is now being waged by the regimes in Pyongyang and Tehran.For more than five years remarkably accurate duplicates of U.S. $100 bills have been circulating overseas. Called “Supernotes” by our Treasury Department, Secret Service and fbi, they are printed on cotton-fiber paper using intaglio printing presses, the same type used by the U.S. Bureau of Printing and Engraving. The source of these nearly flawless notes is hardly a secret.On Jan. 26, 2006, in a White House press conference, President Bush asserted: “We are aggressively saying to the North Koreans … don’t counterfeit our money.” A Congressional Research Service Report two months later concluded that “at least $45 million in such Supernotes of North Korean origin have been detected in circulation, and estimates are that the country earns from $15 million to $25 million per year from counterfeiting.” Later that year, Hezbollah—a wholly owned subsidiary of the repressive regime in Tehran—began flooding Lebanon with Supernotes. Thanks to Iran and North Korea, there may be billions in “phony Franklins” floating around the world. The bills have also turned up here at home.Just how some of them arrived on our shores was revealed a few days ago—when former undercover fbi Agent Bob Hamer took the witness stand in the Las Vegas courtroom of U.S. District Court Judge James Mahan. While the so-called mainstream media were preoccupied with presidential politics, the Wall Street meltdown and the O.J. Simpson trial across the street, Mr. Hamer—using audio and video recordings—revealed how two Chinese nationals and others plotted to smuggle anti-aircraft missiles, narcotics and counterfeit Supernotes into the United States. On the tapes, the Chinese conspirators describe how the false bills are manufactured in North Korea and distributed through the Russian Embassy in Beijing to Chinese organized-crime figures. One of them boasts of his ties to North Korea.

For some years, a dangerous trend has been accelerating: Many nations, organizations and individuals are working to pull America from its superpower perch—any way they can. Iran and North Korea’s undermining of the value of the U.S. dollar is typical of what is occurring in many arenas. Countries or groups that cannot overpower the U.S. militarily are using any levers at their disposal to weaken America.

Read “America in the Middle of the Pack” for more on the challenges the U.S. is increasingly facing as the post-American world takes shape and “War on America” to find out where this will lead.

Crowning the King of Kings

Crowning the King of Kings

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The day of Trumpets pictures the most exciting change in world leadership to happen in history!

The day of Trumpets celebrates the return of Jesus Christ to Earth. It is probably the day in God’s holy day plan that true Christians look forward to more than any other.

Every king is crowned in a coronation ceremony. Jesus Christ is no exception! He too will be crowned as supreme Ruler—as King of kings.

Born to Be King

God planned for Christ to be born a King. He knew only His Son could overcome the present king of this world, Satan the devil. “And, behold, thou shalt conceive in thy womb, and bring forth a son, and shalt call his name Jesus. He shall be great, and shall be called the Son of the Highest: and the Lord God shall give unto him the throne of his father David: And he shall reign over the house of Jacob for ever; and of his kingdom there shall be no end” (Luke 1:31-33). Jesus Christ was born to reign over the nations of the Earth.

Jesus Christ understood His office. Just before His crucifixion, He was brought before Pontius Pilate, who asked Him, “Art thou a king then?” (John 18:37). Christ’s reply: “Thou sayest that I am a king. To this end was I born, and for this cause came I into the world, that I should bear witness unto the truth. Every one that is of the truth heareth my voice.”

However, though Christ was born to be king over all, He is not crowned yet!

Not Yet Crowned

Like any heir to the throne, Christ prepared during the entirety of His life. He first had to qualify and prove Himself worthy of that tremendous office. How? By overcoming Satan and the evil world around Him, and by maintaining mastery over His own human spirit.

Notice that after Jesus Christ overcame Satan’s temptation, the devil departed from Him—but only for a season (Luke 4:13). Satan will always come back to see if he can undo our overcoming!

Christ did not, at His first coming over 19 centuries ago, replace Satan. He was not crowned King at that time. No—He was crucified! He recognized that His Kingdom was not to be set up at that time. “Jesus answered, My kingdom is not of this world: if my kingdom were of this world, then would my servants fight, that I should not be delivered to the Jews: but now is my kingdom not from hence” (John 18:36).

It was not then time to assume the responsibility of that office. Jesus Christ is coming again, as is pictured every year on the Feast of Trumpets—this time as King of kings, to bring the world peace and prosperity.

Yet when, where and by whom will Jesus Christ be crowned? Almost no one understands!

Does any man have the authority to grant Jesus the right to rule the world? Will He run for office, like a presidential candidate? Will there be an election? Will He be accountable to the people—or will they be accountable to Him? Would any man be able to impeach Jesus Christ?

There is only one Authority who can put Christ into office! The Father, the Creator God Almighty! God possesses all power and authority (Romans 13:1). And there is no power but that which has been ordained of God.

Jesus Christ must return to this world as King of kings to establish God’s world government.

A New World Government

Jesus Christ’s message was to preach theKingdom of God. This is the gospel He brought: the good news of the wonderful World Tomorrow.

Mankind sees no need for change of government. People believe that having the liberty to do what they want means they are truly free. Nothing could be further from the truth.

This world is held hostage by Satan and by those in positions of power that he controls. Only an entirely new world government can free this world!

What will this new government be like? First, it will possess the wisdom to plan for the good of all. There will be no more suppression of the weak. No respect of persons. This is a quality that can only be achieved by Spirit-born beings who will be leaders within God’s Kingdom (Ephesians 1:13-14, 17).

Second, it will have the power to enforce God’s law. We live in a society where the “law is slacked” (Habakkuk 1:4). Even human law is largely unenforced. Many people make a living out of finding loopholes in the law. But it won’t be that way in God’s Kingdom. That Kingdom will come with power (Mark 9:1). At the same time, God’s government will display true, outgoing concern for the good and well-being of its subjects.

The Coronation

When the people wanted to make Jesus their king over 19 centuries ago, He gave them a parable to explain when the Kingdom of God would rule the world: “A certain nobleman went into a far country to receive for himself a kingdom, and to return” (Luke 19:12). This is speaking of when Christ ascended to His heavenly Father to receive the authority to rule the nations. God has all power, yet He wants to share it with Jesus Christ and His saints.

In granting Jesus Christ authority, God demonstrates that He Himself rules supreme. The Father will always be the one in ultimate charge!

Satan mocked this glorious upcoming event by inspiring men to “crown” Jesus in a fake ceremony (John 19:2-5). Yet Christ was never crowned King of kings while He walked this Earth.

About 60 years after His death and ascension, Christ revealed Himself to the Apostle John in the book of Revelation. Read John’s description of Christ in His glorified state in Revelation 1:12-18, and you will see that He does not have a crown on His head. We can deduce that He was not crowned immediately upon His arrival in heaven. Christ’s current office is that of High Priest (Hebrews 3:1), not King of kings.

But notice Revelation 14:14: “And I looked, and behold a white cloud, and upon the cloud one sat like unto the Son of man, having on his head a golden crown, and in his hand a sharp sickle.” Thus we see that when Christ returns to this Earth, He will have been crowned in heaven.

But where in the Bible do we find the coronation of Jesus Christ described?

This was revealed even before Christ’s first coming: “I saw in the night visions, and, behold, one like the Son of man came with the clouds of heaven, and came to the Ancient of days, and they brought him near before him. And there was given him dominion, and glory, and a kingdom, that all people, nations, and languages, should serve him: his dominion is an everlasting dominion, which shall not pass away, and his kingdom that which shall not be destroyed” (Daniel 7:13-14).

The Prophet Daniel saw this vision, but do we know when Christ will be crowned? Verses 9-14 tell us it will take place after the last resurrection of the Holy Roman Empire. More specifically, we see in Revelation 11:14-18 that this will take place after the “second woe.” Daniel 7:10 tells us it will occur when the judgment begins.

So Christ’s coronation will take place immediately before the righteous dead are resurrected and judged—at the sounding of the seventh trumpet—as pictured by the day of Trumpets!

The coronation of Jesus Christ will occur immediatelybefore He returns the second time to rule the nations! In fact, Jesus will return tofulfillHis office asKingof kings.” Once given that office, He must—and will—carry it out!

Crowned ‘King of Kings’

We saw in Revelation 14:14 that Christ will have a golden crown on His head. This symbol will designate Him as supreme King over all nations.

But what about Revelation 19:12, which says that “on his head were many crowns”? Translated from the Greek diadema, these diadems symbolize the lesser royal offices that Jesus will hold.

Jesus Christ will sit on the throne of David to execute the law of God over the people, the way of life that we know as the way of give.

King David will be in direct control of the model city and the nation that will be set up as a pattern for the world (Jeremiah 30:7-9). David will rule over both Israel and Judah (Jacob’s descendants), both of which will have returned to the land once given to their fathers (verse 3).

Each of the original 12 apostles will be placed over one of the 12 tribes of Israel (Matthew 19:28) and be given a throne (Luke 22:29-30).

Other saints raised immortal in the “first resurrection” will also “reign with [Christ] a thousand years” (see Revelation 20:4-6).

When God really sets His hand to save mankind, it will be done under the strongest possible kind of government. Human beings, influenced by their carnal minds, must be held under rigid rule until they become conscious of a better way of living. The great central government of the Earth in the Millennium will be composed of powerful, divine spirit beings!

If we are true followers of God, and overcome as Jesus Christ overcame, we will inherit incorruptibility. “He that overcometh shall inherit all things; and I will be his God, and he shall be my son” (Revelation 21:7). We are to become very members of the God Family, ruling as kings under the King of kings.

This is part of the beautiful, scintillating picture celebrated on the day of Trumpets!

Live and Let Live

Live and Let Live

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Pro-life or pro-choice? Pro-life or pro-death? The two questions to a mind that embraces absolute truth are synonymous.

The pope and Sarah Palin are pro-life. Their stance is definitely not a fashionable one with libertarians within our debauched society. The issue of abortion continues to be a political hot potato. This even at a time when economics and foreign policy top the political agenda during the closing weeks of America’s election tussle over who should be the next incumbent in the oval office.

Just what are the clear, unadulterated facts on this burning issue of abortion?

America’s Founding Fathers promised future generations in this great nation life, liberty and the pursuit of happiness. If those men were to be resurrected today, how galling it would be for them to witness so many in the country endorsing a policy that allows the legal slaughter of a quarter of its regenerating population before they have had the chance to breathe just one breath of fresh air.

In the United States, one quarter of unborn children are aborted. According to the Alan Guttmacher Institute (January 2008), a woman who has an unintended pregnancy (which amount to almost half of all pregnancies) is about as likely to have an abortion as to give birth to the child. One of the most common surgical procedures in the U.S. is abortion.

More than half of women undergoing abortion are in their 20s. Some 43 percent are from middle- to high-income households. These women are capable of thinking their situations through, capable of making a deliberate choice to murder an unborn human life—and capable of paying for the service!

Since the infamous 1973 Roe v. Wade case, which set the precedent for legalized abortion in the United States, the U.S. has slaughtered over 47 million of its regenerative population—in the womb!

This is America’s lost generation!

The Supreme Court decision that effectively legalized abortion in the United States has resulted in the genocide of American lives far in excess of all those poor souls who have fallen victim to “ethnic cleansing” in the Balkans during the 1990s and in the various African wars that have become a huge blot on that continent’s recent history. Indeed, the figure is more comparable to the number of deaths for which Stalin, Hitler and Mao Tse Tung were responsible!

Not only in America is this modern phenomenon of murder in the womb extant. In London, a registered charity once offered a walk-in lunch-hour termination service to its busy secretaries and professional women. The technique employed takes as little as 10 minutes—time to rush in, quickly abort the inconveniently conceived life, then off for a tuna sandwich and Chardonnay with the latest boyfriend! Ghastly.

It is to the morality of this diabolical business of the slaughter of innocents in the womb that we must look for the cause of its wickedly desensitizing effect on our modern-day culture.

Increasingly we see the insidious influence of the social engineers who turned the established family culture of America upside down, in the 1960s and ’70s in particular. America’s mind has been closed to the horror of mass slaughter taking place within the collective national womb. Politically correct publishers and editors ban the use of the phrase “unborn child,” preferring instead the sanitized term “fetus.” The press at large maintains either a deliberate or ignorant silence. This has bred a collective national conscience largely ignorant of the fact of modern abortion. Yet, subconsciously, the average American knows that something dreadful is extant, even as the average German during World War ii feigned ignorance to the Holocaust, yet in their heart knew that something dreadful was going on among them on a massive scale.

The creeping moral relativism of liberal socialists, imposed upon latter-day America, has produced a deep-seated canker of immorality and an unfeeling nature into the way that America regards human life. Something is destroying America’s natural affection (2 Timothy 3:1-4) and respect for human life. Something has hardened this nation’s heart to the point where little newborn human beings can be trashed in public toilets and dumpsters and it all so easily becomes just yesterday’s news.

Where will it end? If one category of life can be declassified, why can’t others? Why not apply the abortion logic to other “inconvenient” lives, say, the homeless, elderly, disabled, unwanted immigrants, prisoners, unwed mothers? As one journalist asked, “If there is no God to govern in the affairs of men, then why shouldn’t government or medical ethicists or public opinion be our god?” Indeed, why not—if there is no God?

But there is a God! His proven Word declares, “For the wrath of God is revealed from heaven against all ungodliness and unrighteousness of men, who hold the truth in unrighteousness; Because that which may be known of God is manifest in them; for God hath showed it unto them. For the invisible things of him from the creation of the world are clearly seen, being understood by the things that are made, even his eternal power and Godhead; so that they are without excuse” (Romans 1:18-20).

This universal God is a God of life! He sustains the immutable law that life can only be begotten by pre-existing life! His very Son, whom He sent to this Earth 2,000 years ago, declared, “… I am come that they might have life and that they might have it more abundantly” (John 10:10).

It takes a mind converted from the selfishness, greed, vanity and lust of human nature to the purity of godly righteousness to understand this great mystery of human life. It takes a miracle. You need that miracle worked in your life so that you can truly understand the answers to the big questions that life itself poses! Request your free copy of Mystery of the Ages. This book unlocks the secret of the mystery of life. It expounds the true knowledge that will soon restore to this world the natural affection for the sanctity and preciousness of every single human life conceived in the womb of woman!

The Weekend Web

The Weekend Web

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Who’s the greater default risk—McDonald’s or the federal government? And did you notice where Ahmadinejad delivered his latest “death to Israel” rant?

People are now so accustomed to Mahmoud Ahmadinejad’s anti-Semitic rants that barely anyone paid attention to his latest diatribe against Israel at the United Nations General Assembly last week. We should have been jarred by it, Abraham Foxman wrote in the New York Sunon Friday—not necessarily because of what he said, but because of where he said it. As Foxman observed, “No other such diatribe against any other religious or ethnic group could possibly flow from that august site.”

Regarding the speech, Foxman noted (emphasis ours throughout):

[Ahmadinejad] returned to the language that appeared in the infamous forgery, the “Protocols of the Learned Elders of Zion,” that was used by Adolf Hitler to persecute and eventually murder millions of Jews.

Standing before world leaders, the Iranian president, like Adolf Hitler before him, laid blame for the world’s most serious problems on the Jews. You can read the full speech here.

“Although they [Zionist Jews] are a minuscule minority,” Ahmadinejad claimed, “they have been dominating an important portion of the financial and monetary centers as well as the political decision making centers of some European countries and the U.S. in a deceitful, complex, and furtive manner.”

Foxman observed,

This is the classic charge against the Jewish people that is at the root of why anti-Semitism has been so enduring and so lethal. The “secret, evil power” of the Jews can be conjured up any time there is a crisis. And so we’ve seen it in our time, first with the terrorism of September 11, 2001, when Jews were accused of committing that dastardly act, then with the war in Iraq, and now with the financial meltdown on Wall Street.And it is such a lethal form of hatred because it does not merely suggest that one should dislike Jews, but rather that one needs to defend oneself against the “all-powerful, poisonous Jew.” Once one accepts the assumptions of the “Protocols” or of Mr. Ahmadinejad, then anything goes. Even the destruction of the Jewish people, as took place under Hitler, or the use of a nuclear weapon against the Jewish homeland, as is threatened by Iran. Mr. Ahmadinejad’s focus on the Jews as the source of evil in the world sets the stage for the justification of what’s to come. That’s why his speech was not just one more diatribe from a “crazy” leader.

What makes Ahmadinejad’s remarks so ironic, as mentioned above, is that they were made before the United Nations, the very institution created in the wake of the murder of 6 million Jews, in part, to ensure such lethal hatred is never again allowed to result in another Holocaust.

“Have all the Holocaust memorials, commemorations, books, and films really sunk in?” Foxman asked. “What does ‘Never Again’ mean when the United Nations is used to reiterate the very themes that were the basis for what happened in the 1930s and 1940s?”

Here we are in 2008—and the Iranian president can stand before world leaders, blame the world’s problems on the Jews, campaign for their destruction as a nation and a race, and be applauded.

What a failure the United Nations experiment has been.

Herbert W. Armstrong attended the inaugural meeting of the UN in April 1945 and said that due to human nature and the proven inability of man to “control and resist the downward pull of his passions and nature,” that the “United Nations organization will fail.”

How prescient that prediction was.

Car Bomb Explodes in Syria

A massive car bomb exploded in Damascus yesterday, killing 17 people. Attacks like this are rare in Syria, which leaves one wondering who was behind it and why. Stratfor has some interesting observations:

… Syria’s relationship with Hezbollah has unraveled, with the latter losing trust in Damascus’s intentions for its former Lebanese ally. …Stratfor sources have indicated that this latest car bombing in Damascus was a warning by Hezbollah and its patron Iran to the Syrian regime not to move ahead with such a plan. Iran does not wish to lose a strategic partner in the Levant, and Hezbollah does not wish to see its military unit degraded by the Syrians. Intimidation tactics such as the large car bomb that exploded in Damascus on Sept. 27 fit quite nicely into the Iranian and Hezbollah modus operandi.

If Iran was behind it, this is important because of the split the Bible indicates may occur between Iran and Syria. We have written about this before.

“Give Us More Land or We’ll Kill You”

Before he leaves office, Israeli President Ehud Olmert wants to shore up his legacy by giving away as much of Israel’s land as possible. He recently offered Mahmoud Abbas Palestinian sovereignty over the Jordan Valley, as well as Israeli land within the pre-1967 borders, according to Army Radio. The deal would allow Israel to retain some settlements inside the disputed territories and would create a Palestinian state in the rest, including the vast majority of the West Bank.

Concurrent with these ongoing negotiations, the “moderate” wing of the Palestinian people continues to call for Israel’s destruction. Fatah-controlled tv currently promotes a music video that calls for a new Saladin to come and conquer Jerusalem. The video “denies any historical connection between the Jewish people and Jerusalem” and has lyrics that “repeat the Palestinian fabrication that Israel is planning to destroy the Al-Aqsa Mosque and therefore it needs protection,” according to Palestinian Media Watch (pmw).

The video has been broadcast intermittently for the past 18 months. It is part of “a prolonged hate campaign against Israel. The campaign denies the historical fact of the connection between the Jewish people, Jerusalem and the Temple Mount, while infusing hatred and fear by pretending that Islam’s holy site, as well as its adherents, are in great danger,” according to the pmw.

In print media, the pa recently published a caricature of the new chairman of the Kadima party, Tzipi Livni, wielding a bloody dagger seated next to a white dove that has a noose around its neck.

Last week, Livni met with Ahmed Qurie, chief Palestinian negotiator, to assure him that negotiations would continue with Fatah even as she tries to assemble a working coalition government. Qurie left the meeting and promptly told Reuters that while the talks went well, if they ever break down, “Resistance in all its forms is a legitimate right.”

When asked by Reuters if that would include a resumption of suicide bombings, Qurie responded, “All forms of resistance.”

Then there is Hamas. Their state sponsor, Iran, celebrated Jerusalem Day by mocking the Holocaust and burning Israeli and American flags. During the celebrations in Gaza, a Hamas legislator called for Arabs “to contain the enemy and halt its [Israel’s] aggression by planning martyrdom operations.” He praised all the terror attacks of the year, including February’s murder of eight yeshiva students, the two tractor attacks and last week’s bmw attack.

Of course, this is all part of the Palestinian grand strategy, as Caroline Glick noted last Thursday. “They use terror and negotiations in tandem to squeeze Israel into giving away more and more of its land. And it works.”

Washington Reaches Agreement on Bailout

An agreement to bail out the banking sector has apparently been reached and could be voted on as soon as tomorrow. Opinion polls show most Americans are strongly opposed to the bill, but Congress is forcing it through, as this International Herald Tribune article says, by focusing primarily on soliciting votes from lawmakers who are not seeking reelection.

Republicans, under pressure from Democrats to deliver 70 to 100 votes from their side, were scouring the ranks and focusing on the two dozen Republicans who were retiring this year. …Both parties were also scouring the political map to identify lawmakers who face little or no opposition for re-election in November, knowing they would be more willing to vote yes.

No Bank Is Safe

This article cites reports saying that the U.S. Federal Deposits Insurance Commission is running out of money. In a statement that closely paralleled statements from the former ceos of Lehman, Bear Stearns, Washington Mutual and others before they went bust, the fdic chairman was forced to make a remark intended to calm market fears: “U.S. banks are overwhelmingly safe and sound and the government fund used to cover insured deposits will be adequate to absorb any losses, even high losses.”

The problem is that the growing list of endangered banks has the potential to overwhelm the agency’s reserves. Christopher Whalen, senior vice president and managing director of Institutional Risk Analytics, said, “We’ve got a … retail bank run forming in this country.”

That said, the government would most likely step in to recapitalize the fdic if it gets to that point—but again, taxpayers would be left to take the hit.

Greenback Attack

Because of America’s ailing economy and mountainous debt, many foreign governments have understandably lost confidence in the once-mighty U.S. dollar. But as Oliver North points out in today’s Washington Times, the dollar has also suffered from the actions of enemy nations that are bent on bringing down the United States.

North writes, “[C]orrupt officials in other capitals are also hard at work undermining what’s left of the U.S. dollar—by printing and distributing their own versions of American currency.” He’s not talking about foreign gangs or Mafia bosses forging a few notes so they can buy fast cars and gold chains. This counterfeiting is part of a large, state-sponsored calculated strategy designed to undermine and ruin the American economy.

“Counterfeiting another nation’s legal tender is not only a crime,” says North,

it is also an act of aggression. During World War ii, Adolf Hitler produced British bank notes to destabilize England. Mao Tse-tung used phony money to undermine Chiang Ka-shek’s Nationalist government through inflation. The Soviets created passable replicas of African, European and other monetary instruments to damage local economies. But no one has ever engaged in this kind of economic warfare against the United States on a scale—or as effectively—as is now being waged by the regimes in Pyongyang and Tehran.

Read the whole thing.

What Might Happen Under Zuma’s South Africa?

South Africa’s President Thabo Mbeki is out, ousted by his own party. While this may have been a good move, there are grave concerns about what will happen to the country in his absence. His likely successor will be Jacob Zuma, an uneducated (some say barely literate) polygamist Zulu with a radical past and some serious legal issues. The Economist reports,

Ideally, a better person should succeed Mr. Mbeki. The caretaker president, Kgalema Motlanthe, may do so well in the next few months that calls could grow for Parliament to elect him as Mr. Mbeki’s permanent successor. That is improbable. The anc looks set to replace a bad leader with one who will make South Africa’s well-wishers more than a little queasy.

What this means is that this well-developed, resource-rich nation, in the absence of strong government, will likely become an even choicer target for predatory nations looking to exploit Africa’s wealth. Watch China—but even more, watch Europe, especially Germany.

Elsewhere on the Web

The quip from this article sums up America’s ailing economy perfectly: “McDonald’s has a lower risk of default, as expressed in the Credit-Default Swap market, than the United States federal government.” By blowing another $700 billion, the article notes, “We now have a higher risk of default on our national debt than a company that sells hamburgers has on their private debt.”

In a scene reminiscent of the Great Depression, a British millionaire banker took his own life by jumping in front of a train after succumbing to pressures related to the global banking crisis.

Following in the footsteps of failed British bank Northern Rock, Bradford & Bingley has now been taken over by the UK government. According to a bbc report, the valuable divisions of the bank will be quickly sold off, while taxpayers will take the hit for the toxic mortgage-related portions that other banks would be unwilling to take.

The Week in Review

The Week in Review

PT/Getty Images

Washington loses influence in Pakistan, Anglicans are turning Catholic, China in space, and “economic Armageddon” in the United States.

Middle East

On September 20, the biggest terrorist bomb ever in Pakistan exploded in Islamabad, killing 53 people—including two U.S. Defense Department employees and the Czech ambassador—and wounding more than 250. A suicide bomber rammed a truck containing the 1,300-pound bomb into the security gates of the Marriott Hotel, leaving a 24-foot crater and destroying the entire front section of the hotel. At the time of the bombing, many of Pakistan’s top civil and military leaders—including the prime minister, president and army chief—were just half a mile away at a dinner at the Prime Minister House. Prime Minister Yousaf Raza Gilani claimed on Sunday that this was the original target of the bombing but that tight security prevented an attack being carried out. Regardless of whether this is true, the close call is forcing Islamabad to at least start talking tough against Islamist terrorists. “After such a dramatic attack so close to so many high-ranking government officials, [President Asif Ali] Zardari announced that his government will now be going on the offensive against the militants,” Stratfor reported September 22. It remains to be seen how effective it will be in doing this, however, in a country where the populace blames Islamabad’s cooperation with the U.S. for the Islamist insurgency.

Two incidents this week highlighted the historically high tension that currently exists between Washington and Islamabad. On Tuesday, a U.S. unmanned aerial vehicle crashed in Pakistan’s northwestern tribal belt. Local tribesmen in South Waziristan claim to have shot down the drone, though this is denied by the U.S. Then, on Thursday, the Pentagon said Pakistani forces fired at U.S. military helicopters near the Afghan-Pakistani border. While Washington claims the helicopters had not entered Pakistani airspace and Islamabad asserted that only “warning shots” were fired to warn the helicopters off, the incident reveals how easily tensions between the U.S. and Pakistan could escalate. Ironically, relations between the two allies have now deteriorated to the point where it seems Pakistani troops are turning their weapons on the nation that is its biggest weapons supplier—just as the Pakistani military threatened to do earlier this month. Watch for tensions between the U.S. and Pakistan to continue to increase.

An enraged Palestinian rammed his bmw into a group of Israeli soldiers and civilians near the Jaffa Gate in Jerusalem late Monday night, sending 19 people to hospital. The driver, Qassem Mughrabi from East Jerusalem, was shot dead. Mughrabi was reportedly a member of Hamas, though Israeli police said he had no criminal record, and there was nothing to indicate the attack was pre-planned. Still, the attack was alarming for two reasons: First, although Mughrabi’s attack didn’t appear to be sparked by Jews or Israel—police said Mughrabi went on his rampage after his cousin refused to marry him—slamming his car into Israeli soldiers and citizens was apparently the therapy of choice for the dejected, outraged Palestinian Arab. Second, Mughrabi’s use of a bmw as a weapon highlights the futility of Israel’s policy of dealing with the effects of Palestinian terrorism, rather than the cause. Preventing Palestinian workers from operating bulldozers may prevent further bulldozer attacks on Jerusalem’s streets, for example, but this attack with an automobile reveals the limits of such a policy. Violence in Jerusalem is increasing despite all of Israel’s security measures.

Also this week in the Middle East, on September 24, after months of gridlock, the Iraqi Parliament approved a provincial election law (albeit only because the issues causing gridlock were deferred) that will allow elections to be held by the end of next January, which could trigger renewed sectarian struggles.

Europe

The archbishop of Canterbury, Rowan Williams, sounded almost Catholic this week. Speaking in Lourdes, France, where the pope visited last week, he gave tacit acceptance to the Catholic position on many of the small doctrinal difference between the Anglican and Catholic communities. Jeremy Brooks, the Protestant Truth Society’s director of ministry, said Williams was “behaving as little more than a papal puppet.” “Lourdes represents everything about Roman Catholicism that the Protestant Reformation rejected, including apparitions, mariolatry and the veneration of saints,” he said. “The archbishop’s simple presence there is a wholesale compromise, and his sermon which included a reference to Mary as ‘the mother of God’ is a complete denial of Protestant orthodoxy.” The Bible prophesies that the Protestant churches will be reabsorbed into the mother church. Williams’s visit to the Roman Catholic shrine of Lourdes shows that this prophecy is getting closer to being fulfilled. For more information, see our October 2008 Trumpet article “Cracks in the Anglican Cathedral.”

Attitudes of prejudice against both Jews and Muslims are spreading across the length and breadth of the European continent according to a recent survey conducted by the Pew Research Center. “In contrast to the U.S. and Britain, where unfavorable opinion of Jews has been stable and low for several years at between 7 and 9 percent, the Pew Survey of Global Attitudes found that hostile attitudes to Jews were rising all across continental Europe from Russia and Poland in the east to Spain and France in the west,” wrote the Guardian. “The survey found that suspicion of Muslims in Europe was considerably higher than hostility to Jews, but that the increase in anti-Semitism had taken place much more rapidly” (September 18). Forty-six percent of Spaniards, 36 percent of Poles, 34 percent of Russians, 25 percent of Germans and 20 percent of Frenchmen said they had unfavorable views of Jews. Regarding Muslims, 52 percent of Spaniards, 50 percent of Germans, 46 percent of Poles, 38 percent of Frenchmen and 32 percent of Russians said they had unfavorable views. Most of Europe’s governing elite are taking the position that their nations are friends of the Jewish people and that the rise of radical Islam can be curbed through diplomatic efforts. But the above statistics reflect the fact that many if not most of the people do not agree with their leaders. Rising anti-Semitism and hostility toward Muslims are feeding the current wave of right-wing extremism spreading in Europe. To see where these trends are leading, read our August 2001 Trumpet article “The Last Crusade” and our August 2008 article “Can Israel Trust Germany?

German foreign minister and chancellor candidate Frank Frank-Walter Steinmeier is starting to get involved in the Middle East peace process. At the beginning of the UN General Assembly’s annual debate, Steinmeier told reporters that he would be meeting with regional leaders throughout the week to assess progress and offer support for the peace process. The Trumpet has long forecast that eventually the Jews will feel compelled to request assistance from Germany. Germany is currently laying the groundwork for this to happen. Read our August 2001 Trumpet article “The Counterfeit Peacemaker” to find out where this will lead.

Asia

Japanese politics plunged further into turmoil on Wednesday when the upper and lower houses of the Japanese Diet chose different candidates for the office of prime minister. The upper house voted for opposition leader Ichiro Ozawa, while the lower house voted for Liberal Democratic Party President Taro Aso. Aso was appointed as Japan’s new prime minister later that day only because the lower house has the power vested in it to override an upper house prime minister appointment. This decision could change if the Democratic Party of Japan wins the snap lower house election that is slated for October 26. In such a case, Ozawa would assume the premiership and Aso would become the shortest ruling prime minister in Japanese history. All of this is significant because after having 10 prime ministers in 15 years, the Japanese are craving political stability. Ozawa wants to move his nation away from its subordinate position in relation to America and to put more power in the hands of the prime minister. Regardless of how this snap election turns out, Japan is moving further away from America and closer to its Asian neighbors. If Ozawa is elected, however, this move could happen much more quickly. He is definitely a man to watch.

The Chinese launched their third manned space flight on Thursday from a launch center in Inner Mongolia. If all goes according to plan, one of the three astronauts on board will go on a space walk wearing a Chinese-made suit. Chinese leaders hope that the sight of the first Chinese man floating in space will inspire pride in a domestic audience and help cement China’s international standing as a major world power. In today’s technologically advanced world, every nation racing to establish a foothold in space is acutely aware that dominance of outer space leads to dominance here on Earth. China, Japan, India and Russia are all striving for this dominance in an attempt to offset the global hegemony enjoyed by America.

Both Russia and China are blocking American and European attempts to impose new sanctions on Iran over its disputed nuclear program. On Wednesday, Russian Foreign Minister Sergei Lavrov said he had refused to attend a high-level meeting scheduled for Thursday to discuss Iran’s nuclear ambitions because of Washington’s refusal to hold a meeting of the foreign ministers of the Group of Eight industrialized powers. “You cannot really have it both ways, punishing Russia by canceling the forums that are very important for the entire world at the same time demanding Russia’s cooperation on the issues that are of importance to you,” Lavrov said during a speech at the Council on Foreign Relations held Wednesday night. In other words, Russia’s refusal to participate in Western attempts to impose sanctions on Iran is a way Moscow can get back at the U.S. for trying to isolate Russia in response to its military intervention in Georgia last month.

Africa, Latin America

South African President Thabo Mbeki has been forced to resign by his own party, the African National Congress (anc), and replaced by former trade union leader Kgalema Motlanthe. Mbeki, who has ruled South Africa since 1999, was asked to resign following allegations that he had interfered in a corruption case against Jacob Zuma, a longstanding opponent. “Thabo Mbeki’s demise can be traced back to the anc’s congress at Polokwane last December,” the bbcreports. “Up against the controversial but charismatic figure of Jacob Zuma for the position of anc president, his defeat at the time now looks like the beginning of the end. In the months that followed, Mr. Zuma’s supporters have replaced Mr. Mbeki’s men throughout the anc. It left Mr. Mbeki isolated and emasculated” (September 20). Motlanthe will complete Mbeki’s term in office until an election expected in April next year. Zuma is the anc’s chosen candidate for that election, and will almost certainly be elected as head of state then. TheTrumpet.com wrote in March about how Zuma’s election to the leadership of the anc did not represent a step forward for South Africa. Neither will his anticipated election to president of the country. “Watch South Africa,” we wrote. “In state after state on this aged continent, the transfer of power from colonialists to local rule, hailed as a victory for black Africans, has produced devastating results.” Read South Africa in Prophecy to find out what is in store for this country.

Brazil and France are further developing their military relationship—this time, exploring the nuclear arena. Brazilian Defense Minister Nelson Jobim has announced that a formal deal to develop Brazil’s nuclear submarine program may be signed by the end of the year. Stratfor reported on the history of military cooperation between the two countries: “In 2000, the French sold the Brazilians the Clemenceau-class aircraft carrier Foch (now the Sao Paolo). Earlier in 2008, the two countries signed a $1 billion-plus deal for the production of some 50 Super Cougar helicopters in Brazil, and at least a dozen Mirage 2000 fighter bombers are in the process of being transferred to the Brazilian air force. The French are moving deliberately to establish a close relationship with Brazil in terms of military technology and strategic weapon systems” (September 23). Latin America has long been in Europe’s sights for both resources and economic support. As the U.S. becomes less reliable as an economic partner for Latin America, even those countries that are not hostile to the U.S. will turn to Europe. For more details, read “The Hidden Enemy in America’s Backyard” from the September Trumpet.

Anglo-America

United States President George W. Bush addressed the nation and the world Wednesday night over concerns that America’s economic system might melt down if the federal government does not step in and bail out Wall Street. Bush, Barack Obama and John McCain all called for Americans to realize how dire the future of the U.S. financial system is. The White House and scrambling lawmakers are trying to hurriedly push through a $700 billion federal plan that will supposedly prop up the country’s financial system. The bill, as it stood at the end of this week, has been called an “engine of corruption” by experts.

Although it has forecasted the U.S.’s economic demise for decades, the Trumpet, along with its predecessor, the Plain Truth, is no longer the only news source asking, “Is This the End of the U.S. as an Economic Superpower?” That headline appeared on the International Herald Tribune website Thursday morning. Other news outlets are grappling with the question of how close the nation is to “economic Armageddon,” a quandary that to most would have seemed preposterous just a decade ago, let alone five or six decades ago, when the Plain Truth first forecasted it.

The markets continued their fickleness this week. They briefly rallied midday Thursday on the news of lawmakers reaching an agreement on a bailout plan that will cost taxpayers hundreds of billions, only to fall again when the agreement hit a snag—and the largest U.S. savings and loan, the 119-year-old Washington Mutual Inc., crashed. In what is by far the largest failure of a U.S. bank in history, the U.S. government closed the bank and sold its banking assets to JPMorgan Chase & Co for $1.9 billion.

The Washington Post reports that statistics on unemployment, housing and inflation continue to get worse and may outlast the current financial crisis, even if the worst is somehow averted. Reports on Thursday revealed that orders for manufactured durable goods fell 4.5 percent in August, jobless applications hit a seven-year high of 32,000 last week, and sales and prices of new homes fell again last month.

A “bizarre and wild” tale out of Hollywood this week: One actor refuses to kiss anyone but his wife. A former child star of television sitcom Growing Pains, who is currently playing in a feature movie, refused to kiss the actress who plays his wife. The actor’s real wife was brought in as a body double for the kissing scene. “So when I’m kissing my wife,” the actor said, “we’re actually husband and wife honoring marriage behind the scenes.” A refreshing take on intimacy, bizarre because of its almost-extinct rarity inside the perversion capital of a nation drunk on sin.