UK to Opt Out of 100 EU Laws

UK to Opt Out of 100 EU Laws

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Britain will opt out of over 100 European Union laws on policing and crime, the Sunday Times reported September 23, claiming that Prime Minister David Cameron is preparing to announce the opt outs shortly.

The announcement would see Britain reverse key steps toward European integration, while Europe’s leaders loudly call for “a federation” and “more Europe.”

The most high-profile law facing the axe is the European Arrest Warrant (eaw), which requires a member state to hand over someone suspected of a crime in another. Once an eaw has been issued, there is very little Britain can do to avoid handing the suspect over, even if the suspect is a British citizen, and even if he is accused of an offense that isn’t a crime in Britain.

This law is unpopular with both the left and right, especially after it was used to compel Britain to attempt to hand over WikiLeaks founder Julian Assange to Sweden. Some have been held without charge in terrible conditions in foreign jails for months. In one of the most outrageous cases, Portugal issued an eaw for a man charged with first degree murder, despite the fact that he was acquitted on similar charges years earlier, and that the man he supposedly murdered was still alive. In this case, the warrant wasn’t fulfilled.

Under the Lisbon Treaty, Britain can opt out of all of the 130 of the laws on crime and justice. Afterward, it can negotiate with the EU to opt in to certain laws. The Times claimed that a “senior government source” confirmed that the government planned on opting in to “dozens” of the laws. It reports that these laws are probably the ones on human trafficking and smuggling—where international cooperation is more useful.

“This is a fork in the road for the British justice system, and a vital opportunity to retain UK democratic control over criminal justice policy,” said Conservative Member of Parliament Dominic Raab.

It’s also a fork in the road for Britain and Europe. If this goes through, it would be an actual, concrete step away from European integration, not just the disgruntled chattered that is a constant part of British politics. Meanwhile, core European nations are looking for ways to bind themselves closer together with more laws. As the Trumpet has forecast for years, Europe is heading toward a federation, and Britain is heading out.

Border Skirmish Raises Questions Over Camp David Accord

Border Skirmish Raises Questions Over Camp David Accord

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Egypt announces plans to revise peace treaty with Israel.

An Israeli soldier was killed and another wounded last Friday when terrorists launched a surprise attack on a group of Israel Defense Forces (idf) soldiers aiding refugees on the Israeli-Egyptian border. A 20-year-old idf corporal was killed as he approached the border fence to provide water for a group of African migrants. Taking advantage of the distraction, nearby militants opened fire. Three militants were killed in the fight that ensued.

The Sinai Peninsula has become a hotbed of contention over the last few months as Egypt has stepped up its military presence to combat the increased activity of rebel insurgents. This increase of Egyptian troops in the region has raised many concerns regarding Egypt’s commitment to the Camp David Accord that has ensured peace between Israel and Egypt over the past three decades. The accord limits the number of troops the two nations are allowed to have in the de-militarized zone of the Sinai Peninsula. However, Egypt has used the current chaotic situation to justify deploying additional troops to the region.

Last week’s incident was the second fatal terrorist attack along the border in recent weeks, and has prompted Israeli criticism of Egypt’s ability to handle the situation. Some are calling for Israeli military action in the peninsula to eradicate the increasing terrorist threat.

In response, Egyptian Member of Parliament Mohammed Abd al-Haleem told Al Arabiya, “It is impossible under any circumstances that Israel would conduct strikes against Egyptians in Sinai.” This week a member of Egypt’s Higher Military Council stated that Egypt would “cut off the arm of any foreign or domestic aggressor.”

Stating that the current treaty prevents Egypt from gaining complete control over the terrorists, an Egyptian presidential adviser announced yesterday he would be submitting a proposal for amending the 1979 peace treaty within the next few days. This prompted Israeli Foreign Minister Avigdor Lieberman to reply that “there is no chance that Israel will agree to any kind of change” to the accord.

With tension building throughout the Middle East, watch for the rift between Israel and Egypt to widen as Egypt continues drawing closer to Iran. To understand what is about to happen in the Sinai, read “Egypt: Morsi Sheds His Moderate Cloak.”

Iran-Turkey Relations Continue to Deteriorate

Iran-Turkey Relations Continue to Deteriorate

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Iraqi Vice President Tareq al-Hashemi has every reason to be, as he recently said, “worried about the future of [his] country.”

The fugitive Sunni leader, who is now under the protection of Turkey, was sentenced to death in absentia by an Iraqi court for his alleged involvement in multiple murders of political opponents in the Shiite administration in Iraq. Turkey’s Prime Minister Tayyip Erdogan refuses to extradite Hashemi to Baghdad because, in his view, “there is no truth in the accusations against him.”

Courcy’s Intelligence Brief of September 19 reports that the deterioration of the relations between Turkey and Iraq has “reached breaking point.” Iraq is not happy about Ankara’s actions, and neither is Iran. Hashemi finds himself at the center of the latest battle for influence in Iraq between Iran and Turkey.

Back in the 2010 Iraqi elections, Turkey supported Sunni Iyad Allawi in opposition to the incumbent, pro-Iranian Shia Prime Minister Nuri al-Malaki. Turkey also supports the rebels in Syria fighting pro-Iranian Bashar Assad’s regime.

These differences in ally preferences are showing how the Middle East will be realigned into the groups discussed in Daniel 11 and Psalm 83. For more information, read “A Mysterious Alliance” by Trumpet editor in chief Gerald Flurry.

7 Challenges Facing the Next President

7 Challenges Facing the Next President

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Regardless of who wins the November election, The state of America’s economy means he will face some brutal decisions.
From the October 2012 Trumpet Print Edition

Will Mitt Romney pull America out of its financial dive? Or will Barack Obama turn it around since he will have eight years to work with instead of four? Both candidates are framing the presidential election as an economic choice. Many Americans believe this is a choice between fiscal sustainability and economic collapse. Others believe it is about social justice and who will shoulder the economic burden. But let’s look at some apolitical realities about America’s economy that the next president, whoever he is, will have to face.

Challenge 1: Conceptualize $1 trillion

One million seconds is 12 days. One billion seconds is more than 31 years. One trillion seconds is about 31,688 years!

That is what a trillion is in seconds. In dollars, America goes more than $1 trillion further into debt every year. The federal government’s total yearly budget is only $3.7 trillion. So, close to a third of our total spending per year is borrowed. That means that if the new president wants to suddenly balance the budget, he will have to cut almost a third of the entire federal budget.

Most of the budget-balancing would need to be done by cutting funding—because there simply is not enough left to tax. According to Mike Shedlock from Global Economic Trend Analysis, even if the government taxed 100 percent of profits from every corporation in America and confiscated every single asset of the super-wealthy (like Warren Buffet and Bill Gates), it still wouldn’t even get close to balancing the budget. We would still have to “take the combined salaries of all players in the nfl, Major League Baseball, the nba and the nhl, cut military spending by $254 billion, and tax everything people make above $250,000 at a 100 percent tax rate,” Shedlock says.

That’s unrealistic. But so is the expectation that America can keep borrowing trillions forever.

Of the more than $1 trillion America borrowed last year, about half was money the Federal Reserve created out of thin air. Why did the Fed do it that way? Because foreigners would not lend it at the interest rates America wanted.

This is a clear sign that America’s deficit is dangerously unsustainable.

And regardless of whether the next U.S. president decides to cut spending, increase taxes or both, our deficit will inflict huge gashes in an economy that is unstable and probably already in recession again.

Challenge 2:Come to grips with the nation’s debt

As huge as America’s deficit is, the bigger threat is America’s practically unfathomable debt. America’s official federal debt is over $16 trillion, but that is only the tip of the iceberg. America has promised its citizens tens of trillions more in Social Security, Medicare and Medicaid benefits. Laurence Kotlikoff, professor of economics at Boston University, puts America’s total liabilities at a mind-boggling $222 trillion. Go back and re-conceptualize a trillion.

Not all of this money is due at once, but increasing portions will be as America’s 80 million baby boomers retire. There is not a chance that America can pay this bill.

America’s next president will have to cut much if not most of the promises that have been made to retirees—and even if he cuts them all, his government will still owe that official $16 trillion.

The most imminently dangerous part about this debt is refinancing risk. America is constantly borrowing money to pay back money that is coming due. Right now, borrowing rates are good, because Europe appears to be in worse shape. But when Europe eventually gets its act together—and it will—America won’t have as many willing lenders.

Challenge 3: Get ahandle on uncontrollable welfare dependency

The U.S. federal government now funds 79 welfare programs: 11 programs just for housing assistance, 12 for social services, three for energy and utility assistance, 12 for food aid, 12 for various education assistance—on top of nine for vocational training, three for childcare and child development, seven for medical assistance and 10 providing cash assistance.

Add to that a myriad of welfare-type programs at the local city and county levels.

The total price tag for just federal and state welfare programs came to almost $1 trillion in 2011, according to the Heritage Foundation (see Challenge 1). So almost a third of America’s yearly budget now goes to welfare.

And if nothing is done, the share of welfare spending in the federal budget will dramatically increase. Under the current 10-year budget, federal welfare spending alone will total $1.57 trillion by 2022.

There is no easy fix. In fact, there may be no fix at all. About one in three Americans get some sort of government handout. Politicians can cut spending—but not without massively damaging the economy. The economy is addicted to government spending. There are whole industries that cater to welfare dependency. Go cold turkey, and the president can expect massive economic, if not social, upheaval.

Challenge 4: Work with a corrupt and collapsing banking system

In 2010, U.S. regulators told America’s biggest banks that they needed to make plans for preventing collapse. The regulators emphasized that the banks needed to consider radical measures to prevent failure and that they could no longer count on government support. Five years after the 2008 Wall Street meltdown, the banking system is still no more secure. Bank insiders know it isn’t safe, and the one thing propping it up—the heavily indebted federal government—says it is now pulling out.

Add to this intractable problem several others: money-laundering scandals, rogue trading, the MF Global implosion, the unfolding libor scandal, and record-low interest rates. The global banking system may be even more prone to economic disasters than it was in 2008!

Yet, because America’s economy is debt-based and consumption-driven, if regulators try to rein in the big banks, they will have to reduce lending. Reduced lending means the economy will slow even further. Jobs will be lost, tax revenues will fall, welfare usage will increase, and paying the debt will become that much harder. It’s an unsolvable Catch-22 for President Obama or President Romney.

Challenge 5: Find a magical job fairy

America is in the midst of its worst-ever post-recession job recovery. At the current pace of job growth, America is still 2½ to three years away from getting the jobs back that it lost in the 2007 recession. Then the nation still must find more jobs for all the people who entered the workforce over the ensuing eight years.

Regardless of what either presidential candidate would do or says he would do, the jobs are not coming back—because they were fake jobs in the first place. The housing bubble was a product of politicians forcing big banks to give loans to unqualified buyers and the Federal Reserve trying to goose the economy by artificially lowering interest rates. The result was a ballooning money supply that flowed into real estate—and tons of builder, agent, appraiser and banker jobs that have since evaporated.

Meanwhile, the effects of the housing bubble masked the greatest period of industrial and manufacturing outsourcing in U.S. history. Due to a combination of high labor costs, high taxation, high regulatory burden, high environmental compliance costs, advancing technology and the new global economy, many U.S. jobs are now filled overseas, and made-in-America products and services are now imported.

As President Obama’s green energy/solar power initiative proved, attracting manufacturing to America is virtually impossible even with massive government subsidies—which may soon be unaffordable. It was a campaign promise that was too good to be true. And now we’re hearing dozens more of those empty promises ringing in our ears in stereo.

Challenge 6: Fix a failing education system

For the first time in history, American students owe more in student loans than the country owes in credit card debt. Yet what do students get for that? Increasingly, it is a lifetime of indentured servitude at a job that barely pays the interest on their loans.

This is a huge problem, because many of these students will become economically nonfunctional—trapped in jobs paying the bills instead of generating healthy incomes, creating meaningful jobs and building the economy.

Government policy that encourages everyone to go to college—and to borrow money to do it—has driven up tuition so high that in many cases it no longer pays to even get a degree. Meanwhile, schools continue to try to increase enrollment, so course work is being dumbed down and grades inflated.

The next president needs, if nothing else, an American workforce that is healthy and strong. But it looks like he’ll have one that is operating well shy of its potential.

Challenge 7: Face the economic cost of America’s moral slide

Fifty years ago, the majority of Americans went to bed with their doors unlocked. They left their keys in the car in case someone needed to borrow it. They never thought twice about letting their children walk to school.

We don’t live in that America anymore. The nation has tumbled through a decades-long moral slide, and that decline has a high price tag. How much does increased crime cost? Corporate compliance? Tax software to prove the taxpayer isn’t cheating the government? Think of how much money would be saved if businesses were never robbed, websites were never hacked, billion-dollar lawsuits were extinct, police did not have to track down criminals, and courts and prisons did not have to process convicts.

Think about how much more wealthy America would be if people just practiced the Ten Commandments: no more lying, stealing, coveting, murdering. Now there’s a plan you can really believe in. As Bruce Walker, in the American Thinker, wrote in 2008, “[T]he cool, practical, financial argument against sin is so overwhelming, the number crunching of any serious cost-benefit analysis of the trillions lost through our acceptance of sin is so convincing, that hopeful people can dream that a wise leader will champion the fight against sin as the clearest way to make us wealthier and happier people.”

Don’t get your hopes up. Regardless of who America chooses at the ballot box, America’s moral slide will not be turned. There are 230-plus years of U.S. history that prove it.

America’s debt, its welfare mentality, and its crumbling education system and morals are all the product of its collective choices. We are now eating the fruit of those choices. Economic indicators suggest another economic downturn has already started. A greater economic depression is on the way, and there is little that can be done to mitigate it.

America’s past prosperity will not return until the whole economic system has been wiped out and a new one built on a different foundation. Its financial cardiac arrest has already started, and it will take more than campaign promises—or even a presidential election—to bring prosperity back to this nation.

Rome and Berlin—Profiting From the Crisis

Rome and Berlin—Profiting From the Crisis

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The two entities best prepared to survive—and profit from—the global crisis are the Vatican and the German nation. Most remain ignorant to the fact that this was prophesied to be so millennia ago.

Which are the two richest entities in the world?

The answer is a no-brainer to those who have watched the euro crisis unfold into and merge with the great, ongoing global financial crisis.

On the one hand there’s the world’s smallest state and largest religious institution: “The Catholic Church is the biggest financial power, wealth accumulator and property owner in existence. She is a greater possessor of material riches than any other single institution, corporation, bank, giant trust, government or state of the whole globe. The pope, as the visible ruler of this immense amassment of wealth, is consequently the richest individual …. No one can realistically assess how much he is worth in terms of billions of dollars” (The Vatican Billions, Avro Manhattan).

On the other hand is the imperial entity—a largely German construct—of the European Union: “The EU is the world’s biggest exporter and the second-biggest importer” (Europe.eu). And within the EU the most dominant of nations is Germany.

Germany is, by far, the largest and wealthiest national economy within the EU. Today, in consortium with the European Central Bank, it is the largest national lender within the EU. Together, Rome and Berlin now form the revived axis around which all principle systems revolve in the EU.

The most significant expression of the revived Rome/Berlin axis in Europe is the centralized power garnered so speedily by the European Central Bank: “Much greater, because it is real, is the growing power of the European Central Bank as a result of the crisis. Its president writes a plan for the reorganization of the EU. This dictates to the EU governments the conditions under which it is willing to buy their bonds. The ecb ropes in the EU Commission and the International Monetary Fund, the reform programs of the crisis countries and monitors their implementation. It is prepared to take on even the supervision of all banks in Europe. In short, the crisis makes it the most powerful institution in Europe by far” (Handelsblatt, September 18; emphasis added).

Thus a Frankfurt-based European Central Bank, presided over by a Jesuit-educated son of Rome, Mario Draghi, becomes the outward expression of the institutionalized blend of Holy Roman and Germanic power in Europe.

In respect of both entities—the Vatican and the German nation—what is most remarkable is the extent of their gold hoardings.

It is a little known fact that the Vatican’s gold holdings exceed all the gold bullion holdings of all the governments of the world. Due to the intense secrecy that the Vatican employs surrounding its gold stashes across the world, it is hard to obtain evidence from singularly reliable sources concerning the extent of the Vatican hoard. Yet a plethora of claims to the staggering extent of the hoard can be found via open source research. The best and most reliable research on this score is perhaps that engaged in by Mark Aarons and John Loftus in researching for their book, Unholy Trinity.

Of more recent date is the publicity given to Germany’s aggressive, yet highly secretive, hoarding of bullion and theories as to the use this could be put in the event of a global financial collapse.

“The German tabloid paper Bild recently went to New York to find out more about the German gold held at the New York Federal Reserve vault. Most of the German gold—at 3,396.3 tonnes the second-largest official gold hoard in the world—is stored in other countries—with most of it in New York.

“But detailed information about this subject is rare, as the Bundesbank remains very secretive about the location and form of the German gold (the Bundesbank’s balance sheet does not distinguish between gold bullion and claims on gold). Bild points out that the Bundesbank has violated reputable accounting standards by not auditing the bars every three years, and is pushing for an investigation” (Charleston Voice, August 3).

Among other keen commentators, Bloomberg has theorized that Germany alone stands as the best option to leave the eurozone and permit a wholesale readjustment of the European economy to a semblance of stability such as it enjoyed pre-euro (June 10). The reason for this is that it has the bullion capacity to underwrite a totally new (or old, in terms of a possible resurrection of the deutsche mark) sovereign means of exchange.

That a single nation—Germany—and the world’s most powerful religion—Roman Catholicism—would stand head and shoulders above all-comers in terms of wealth and power potential in these volatile times of global disorder which we are living through today was prophesied to be so in your Bible under the inspired pen of the Apostle John in Revelation 13 and 17. Daniel 8 and 11 give further force to these prophecies for our day.

In Revelation 18, the seventh and final resurrected Holy Roman Empire is identified as being a stupendously wealthy merchant empire (verses 11-16), from which the rich and powerful of the world profit greatly, till its prophesied demise.

In Revelation 13:16-17, that final resurrection of the Holy Roman Empire is depicted as possessing the sole key to global trade.

Even to the novice student of Bible prophecy, the Vatican and the nation of Germany are the only two obvious entities that have the potential to fulfill these great prophecies for our day.

As Herbert Armstrong proved, “So the mark is that of the Roman Empire, which the Roman CHURCH did cause or shall cause the Western world to receive” (Who or What Is the Prophetic Beast?).

Thus the two entities that are the instruments of the final resurrection of the Holy Roman Empire are already in place, newly empowered through the careful appointment of key technocrats appointed to crucial EU positions of authority, well entrenched within the European Union.

All that really remains to bestir the beast power is the activation of the two key personalities—a powerful spiritual leader and an aggressively assertive political personality—to trigger the fulfillment of the final great prophecies leading up to the ultimate destruction of that old Babylonish system (Revelation 18:21), and its replacement with the ultimate government of all: “And I saw heaven opened, and behold a white horse; and he that sat upon him was called Faithful and True, and in righteousness he doth judge and make war. … And he hath on his vesture and on his thigh a name written, King of kings and Lord of lords” (Revelation 19:11, 16).

9/11: The Day That Tied America, Britain and Israel Together

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