USA LESSER ROLE IN THE WORLD

EARTH DESTROYED WITH THE EARTH

GENESIS 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.(WORLD TERRORISM,MURDERS)
12 And God looked upon the earth, and, behold, it was corrupt; for all flesh had corrupted his way upon the earth.
13 And God said unto Noah, The end of all flesh is come before me; for the earth is filled with violence (TERRORISM) through them; and, behold, I will destroy them with the earth.

EARTHQUAKES

MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.

MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.

LUKE 21:11
11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.

UPDATE AS OF 1:15PM APR 6,09 100 DEAD,100,000 HOMELESS BY QUAKE.

Italy quake kills 150, devastates medieval town by Katia Dolmadjian –2:3oPM

L'AQUILA, Italy (AFP) – A violent earthquake rocked central Italy on Monday killing at least 150 people, injuring 1,500 and devastating a walled medieval town where buildings and homes were reduced to rubble.More than 1,700 rescuers scrambled in driving rain to find victims trapped under collapsed dwellings in the regional capital of L'Aquila, the quake's epicentre, and officials warned the toll would rise.

Some 50,000 people were made homeless, emergency services said. Many residents fled L'Aquila, some even on foot.Prime Minister Silvio Berlusconi declared a state of emergency and cancelled a trip to Russia in order to visit the Abruzzo region's main town, about 100 kilometres (60 miles) northeast of Rome.Rescue workers said at least 150 people were killed, Italian media said, while Berlusconi told a news conference here that 1,500 people were injured, adding that a student from the Czech Republic was among the dead.No one will be abandoned to his fate, he vowed, adding that a tent village was being set up that could accommodate between 16,000 and 20,000 people and would be ready by nightfall.In the late afternoon police began going door to door in L'Aquila, checking that people who had decided to stay in the crippled town -- most of them elderly -- had what they needed for the night.We're also patrolling to prevent thefts from empty homes,an officer told AFP after reports of looting.The quake struck just after 3:30 am (0130 GMT) and lasted about 30 seconds, bringing down many Renaissance era and Baroque buildings, including the dome on one of L'Aquila's centuries-old churches. The city's cathedral was also damaged.Roofs caved in on sleeping inhabitants and boulders fell off mountain slopes blocking many roads. At least five children were among the dead in L'Aquila, according to police quoted by ANSA news agency.

The earthquake measured magnitude 6.2, according to the Italian geophysical institute.

The quake, whose epicentre was five kilometers (three miles) directly below L'Aquila, inflicted damage up to 30 kilometres (20 miles) away in all directions.Rescue workers pulled several people alive out of one four-storey building and said they could hear the cries of a woman still trapped. They planned to try to lift the roof with a giant crane.Doctors treated people in the open air outside L'Aquila's main hospital as only one operating room was functioning.L'Aquila resident Maria Francesco said: It was the apocalypse, our house collapsed. It's destroyed, and there's nothing left to recover.

It's a scandal what's happened,she told AFP.For the past three months there have been regular tremors, and they've been getting stronger and stronger! Luigi D'Andrea, a student, was asleep when the quake struck. Everything shook really hard and bricks started falling on me. Then it was an entire wall that collapsed in my bedroom, then a second.He escaped through a neighbour's flat and returned to recover his computer. I'm very lucky I wasn't hurt, but now I don't know what to do, whether I should leave here or not. I'll wait and see.L'Aquila, the region's only university town, suffered the biggest toll while police reported deaths in the towns and villages of Castelnuovo, Poggio Picenze, Torminparte, Fossa, Totani and Villa Sant'Angelo, ANSA reported.Condolences and offers of help poured in from around the world. We want to send our condolences to the families there,US President Barack Obama said during an official visit in Turkey. State Department spokesman Robert Wood said the US embassy in Rome would provide 50,000 dollars in emergency relief funding.Italian authorities told countries offering assistance they did not need rescue teams.UN chief Ban Ki-moon was saddened by the loss of life and destruction of property in central Italy, his spokeswoman said.Russian President Dmitri Medvedev said his country was shocked by the tragedy, adding:We sympathise with those who have suffered and share their sorrow.Pope Benedict XVI, too, sent his prayers, the Vatican said. Italy is criss-crossed by two fault lines, making it one of Europe's most quake-vulnerable regions, with some 20 million people at risk. A powerful earthquake in central Italy claimed 13lives in 1997 and damaged or destroyed priceless cultural heritage. An October 2002 quake killed 30 people including 27 pupils and their teacher who were crushed under their schoolhouse in the tiny medieval village of San Giuliano di Puglia. On November 23, 1980, a quake struck the southern region of Irpiona near Naples, killing 2,570, injuring 8,850 and displacing 30,000.

Italy: More than 70 dead, 1,500 injured in quake By MARTA FALCONI, Associated Press Writer APR 6,09

L'AQUILA, Italy – A powerful earthquake in mountainous central Italy knocked down whole blocks of buildings early Monday as residents slept, killing more than 70 people in the country's deadliest quake in nearly three decades, officials said. Tens of thousands were homeless and 1,500 were injured.Ambulances screamed through the medieval city L'Aquila as firefighters with dogs worked feverishly to reach people trapped in fallen buildings, including a dormitory where half a dozen university students were believed still inside.Outside the half-collapsed building, tearful young people huddled together, wrapped in blankets, some still in their slippers after being roused from sleep by the quake. Dozens managed to escape as the walls fell around them.We managed to come down with other students but we had to sneak through a hole in the stairs as the whole floor came down, said Luigi Alfonsi, 22.I was in bed — it was like it would never end as I heard pieces of the building collapse around me.In the historic center of the city, a wall of the 13th century Santa Maria di Collemaggio church collapsed and the bell tower of the Renaissance San Bernadino church also fell. The 16th castle housing the Abruzzo National Museum was damaged.L'Aquila, capital of the Abruzzo region, was near the epicenter about 70 miles (110 kilometers) northeast of Rome. It is a quake-prone region that has had at least nine smaller jolts since the beginning of April. The quake struck at 3:32 a.m. The U.S. Geological Survey said the big quake was magnitude 6.3, but Italy's National Institute of Geophysics put it at 5.8 and more than a dozen aftershocks followed.

More than 70 people were killed and the death toll was likely to rise, civil protection chief Guido Bertolaso said as rescue crews clawed through the debris of fallen homes. Some 1,500 people were injured.The quake hit 26 towns and cities around L'Aquila, which lies in a valley surrounded by the Apennine mountains. Castelnuovo, a hamlet of about 300 people 25 kilometers (15 miles) southeast of L'Aquila, appeared hard hit, and five were confirmed dead there. Another small town, Onno, was almost completely leveled.A few houses have remained standing, but just a few, Stefania Pezzopane, provincial president of L'Aquila, told Corriere della Sera.L'Aquila Mayor Massimo Cialente said about 100,000 people were homeless. It was not clear if that estimate included surrounding towns. Some 10,000 to 15,000 buildings were either damaged or destroyed, officials said.Premier Silvio Berlusconi declared a state of emergency, freeing up federal funds to deal with the disaster, and canceled a visit to Russia so he could deal with the quake crisis.Condolences poured in from around the world, including from President Barack Obama, Pope Benedict XVI and Abdullah Gul, president of quake-prone Turkey.Slabs of walls, twisted steel supports, furniture and wire fences were strewn about the streets of L'Aquila, and gray dust carpeted sidewalks, cars and residents.Residents and rescue workers hauled away debris from collapsed buildings by hand. Firefighters pulled a woman covered in dust from the debris of her four-story home. Rescue crews demanded quiet as they listened for signs of life from other people believed still trapped inside.

A body lay on the sidewalk, covered by a white sheet.

Parts of L'Aquila's main hospital were evacuated because they were at risk of collapse, and only two operating rooms were in use. Bloodied victims waited in hospital hallways or in the courtyard and many were being treated in the open. A field hospital was being set up.In the dusty streets, as aftershocks rumbled through, residents hugged one another, prayed quietly or frantically tried to call relatives. Residents covered in dust pushed carts full of clothes and blankets that they had thrown together before fleeing their homes.We left as soon as we felt the first tremors,said Antonio D'Ostilio, 22, as he stood on a street in L'Aquila with a huge suitcase piled with clothes. We woke up all of a sudden and we immediately ran downstairs in our pajamas.Evacuees converged on an athletics field on the outskirts of L'Aquila where a makeshift tent camp was being set up. Civil protection officials distributed bread and water to people who lay on the grass next to heaps of their belongings. It's a catastrophe and an immense shock, said resident Renato Di Stefano, who was moving with his family to the camp as a precaution. It's struck in the heart of the city, we will never forget the pain.Civil protection official Agostino Miozzo said the aim was to give everyone shelter by nightfall. This means that the we'll have several thousand people to assist over the next few weeks and months," he told Sky Italia. At least one student from Greece was trapped in the debris and another was injured, the Greek Foreign Ministry said. Greece offered to send a rescue team to help, the ministry said.The Israeli Embassy in Rome said officials were trying to make contact with a few Israeli citizens believed to be in the region who had not been in touch with their families. Embassy spokeswoman Rachel Feinmesser did not give an exact number.The last major quake to hit central Italy was a 5.4-magnitude temblor that struck the south-central Molise region on Oct. 31, 2002, killing 28 people, including 27 children who died when their school collapsed.

Heavy, wet snow causes problems in Mich, Ind APR 6,09

SOUTH BEND, Ind. – Heavy, wet snow knocked out electrical service to thousands of customers and snarled morning traffic Monday in northern Indiana and southeast Michigan.The National Weather Service said nearly 8 inches of snow fell in the Detroit area and northern Indiana got at least 4 inches.Michigan's CMS Energy Corp. and DTE Energy Co. reported 101,000 homes and businesses lost power and Indiana's Indiana Michigan Power said about 1,100 customers had been blacked out as the weight of the snow snapped branches and power lines.Indiana State Police reported numerous slide-off accidents on the Indiana Toll Road, but no serious injuries.The weather also put a damper on baseball's opening day. The Kansas City Royals' game in Chicago against the White Sox was postponed due to a snowy forecast and the Tampa Bay Rays' game in Boston was postponed because of expected rain and wind.The snow was produced by a storm that swept across the Plains during the weekend, closing highways Saturday in parts of Wyoming and western Nebraska. Wind piled snow into drifts up to 7 feet high in parts of western Nebraska.Some schools in the Nebraska Panhandle remained closed Monday.

Iowa got as much as 10 inches Sunday.

The storm's system's rotation pulled cold air into the South on Monday and the weather service issued freeze warnings from Texas and Oklahoma to West Virginia, with tornado watches posted for parts of the Carolinas and Virginia. The storm system produced severe thunderstorms Sunday in Kentucky and Tennessee.Information from: South Bend Tribune, http://www.southbendtribune.com

EU DICTATOR (WORLD LEADER)

REVELATION 17:12-13
12 And the ten horns (NATIONS) which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
13 These have one mind, and shall give their power and strength unto the beast.

REVELATION 6:1-2
1 And I saw when the Lamb opened one of the seals, and I heard, as it were the noise of thunder, one of the four beasts saying, Come and see.
2 And I saw, and behold a white horse:(PEACE) and he that sat on him had a bow;(EU DICTATOR) and a crown was given unto him:(PRESIDENT OF THE EU) and he went forth conquering, and to conquer.(MILITARY GENIUS)

REVELATION 13:1-10
1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.(THE EU AND ITS DICTATOR IS GODLESS)
2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.(DICTATOR COMES FROM NEW AGE OR OCCULT)
3 And I saw one of his heads as it were wounded to death;(MURDERERD) and his deadly wound was healed:(COMES BACK TO LIFE) and all the world wondered after the beast.(THE WORLD THINKS ITS GOD IN THE FLESH, MESSIAH TO ISRAEL)
4 And they worshipped the dragon (SATAN) which gave power unto the beast:(JEWISH EU DICTATOR) and they worshipped the beast, saying, Who is like unto the beast? who is able to make war with him?(FALSE RESURRECTION,SATAN BRINGS HIM TO LIFE)
5 And there was given unto him a mouth speaking great things and blasphemies; and power was given unto him to continue forty and two months.(GIVEN WORLD CONTROL FOR 3 1/2YRS)
6 And he opened his mouth in blasphemy against God,(HES A GOD HATER) to blaspheme his name, and his tabernacle, and them that dwell in heaven.(HES A LIBERAL OR DEMOCRAT,WILL PUT ANYTHING ABOUT GOD DOWN)
7 And it was given unto him to make war with the saints,(BEHEAD THEM) and to overcome them: and power was given him over all kindreds, and tongues, and nations.(WORLD DOMINATION)
8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.(WORLD DICTATOR)
9 If any man have an ear, let him hear.
10 He that leadeth into captivity shall go into captivity: he that killeth with the sword must be killed with the sword. Here is the patience and the faith of the saints.(SAVED CHRISTIANS AND JEWS DIE FOR THEIR FAITH AT THIS TIME,NOW WE ARE SAVED BY GRACE BUT DURING THE 7 YEARS OF HELL ON EARTH, PEOPLE WILL BE PUT TO DEATH (BEHEADINGS) FOR THEIR BELIEF IN GOD (JESUS) OR THE BIBLE.

DANIEL 9:26-27
26 And after threescore and two weeks shall Messiah be cut off, but not for himself: and the people of the prince that shall come (ROMANS IN AD 70) shall destroy the city and the sanctuary;(ROMANS DESTROYED THE 2ND TEMPLE) and the end thereof shall be with a flood, and unto the end of the war desolations are determined.
27 And he( EU ROMAN, JEWISH DICTATOR) shall confirm the covenant with many for one week:( 7 YEARS) and in the midst of the week he shall cause the sacrifice and the oblation to cease,( 3 1/2 YRS) and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate.

THE EU
http://www.watchmanbiblestudy.com/Documents/EU_Solana_govt_organization%20.htm
http://www.hutaree.com/10%20Horns%20Seven%20Years.html

Blair steps up fight to be crowned first President of EU,Brown gives grudging blessing to his old rival's return to new job at centre of the global stage
By Jane Merrick, Political Editor Sunday, 5 April 2009JOHN THYS / AFP

Mr President? Another no vote in the Irish referendum, or Angela Merkel's EU ambitions, could still thwart Blair .Tony Blair has emerged as the leading candidate to become the first permanent president of the European Union after Gordon Brown gave his grudging blessing to the plan. The former prime minister has stepped up his campaign for the job, which he wants to use to build a bridge between Europe and the new Obama administration.His return to the global stage would be a shock to his critics over the Iraq war and dismay many in Europe.But The Independent on Sunday has learnt that Mr Brown has accepted that his old rival should be in pole position for the appointment, on the basis that Britain needs to have a key figure in the architecture of the new world order.A senior British official said: He [Brown] will have to swallow hard to sit down in meetings once again with Blair. But he accepts that there needs to be someone from the UK in the new global architecture. There is no opposition to the plan. Things have moved on, people have moved on.Other European leaders are also broadly supportive because they want a high-profile figure to represent the 27-nation bloc in the new alliance with the US administration. Mr Blair remains a popular figure in the US.

After initially trying to block Mr Blair as a possible candidate last year, the French President, Nicolas Sarkozy, has thrown his weight behind the former prime minister.As the eyes of the world were on London's G20 summit last Wednesday, Mr Blair held private talks with the European Commission President José Manuel Barroso in Brussels. The talks focused on his work as Middle East envoy to the quartet of world powers, but it is almost certain that the two men discussed his candidacy. The former premier also visited Sweden last week, where he shared a platform with Bill Clinton at a climate change conference.The presidency job is dependant on Ireland voting yes to the Lisbon Treaty, which creates the position. The Irish referendum will take place in the autumn.But Mr Blair's plans could still be scuppered if Angela Merkel loses the German general election in September. She is thought to have a strong desire for the job in the event of defeat.Britain has already thrown its weight behind Mr Barroso to serve a second term as Commission President. His re-appointment would also strengthen the chances of a British name for the new job.Mr Blair will have spent two years in the Middle East role by July, giving him a legitimate opportunity to claim he has devoted enough time to the job.But critics will say Mr Blair has failed to make any significant breakthrough. There is also little chance of progress towards the two-state solution under the new hardline Israeli government led by Binyamin Netanyahu.In a sign that Mr Blair's mind is on an exit from the Middle East, he said in Brussels: I think the next six months will be completely critical in determining whether this process will move forward or whether it will slip back. I do believe that if there is not significant progress in the year 2009, the peace process will be in very great jeopardy, because there are decisions that have to be taken.

Brown backs Blair for EU president job
HONOR MAHONY Today APR 6,09 @ 09:15 CET

Tony Blair has renewed his campaign to become the first president of Europe and has received backing from UK leader Gordon Brown.According to a report in the Sunday Independent, Mr Brown is prepared to back his predecessor and great political rival for the new post - foreseen under the EU's planned Lisbon Treaty - in order to have Britain holding a key role in the new world order.He [Brown] will have to swallow hard to sit down in meetings once again with Blair. But he accepts that there needs to be someone from the UK in the new global architecture. There is no opposition to the plan. Things have moved on, people have moved on,said a senior official quoted by the newspaper.It notes that Mr Blair held private talks with European Commission president Jose Manuel Barroso on Wednesday last week, where the issue of his candidacy was likely discussed.Mr Blair last year received the public backing of French president Nicolas Sarkozy but he is a devisive figure in Europe having supported the unpopular US-led war in Iraq. In addition, as a Briton, he represents a country that has ambivalent relations with the EU and is not in some of its key structures, such as the euro-zone.He is currently the Middle East envoy, a role he has held for two years. However, critics argue that he has had little success in the job. A gifted orator, he is also the world's highest paid speaker, according to The Times, recently earning almost €440,000 for two half-hour speeches. The President of the European Council is a two and half year post that can be renewed once. The job description in the Lisbon Treaty foresees that the president represents the EU externally and organises the regular meetings of EU leaders.

However, the description leaves plenty of room for manoeuvre, prompting much debate in Brussels about what sort of person should hold the job and how much power they should have.The European Parliament is keen to keep a lid on the powers, fearing that an all-powerful president would change the institutional balance of the EU towards member states.Last month, its constitutional affairs committee approved a report saying the president should not speak for the EU as a whole on political issues.But putting a senior political figure such as Tony Blair into the post would likely see this happening.For the moment, the creation of the post hangs in the balance. The Lisbon Treaty faces a referendum Ireland later this year and has yet to be approved in the Czech Republic. It is also facing a court challenge in Germany and has still to be signed by the Polish president.

EUROPEAN UNION ARMY

DANIEL 7:23-25
23 Thus he said, The fourth beast (EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.(TRADING BLOCKS)
24 And the ten horns out of this kingdom are ten kings(10 NATIONS) that shall arise: and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.( BE HEAD OF 3 NATIONS)
25 And he (EU PRESIDENT) shall speak great words against the most High, and shall wear out the saints of the most High, and think to change times and laws: and they shall be given into his hand until a time and times and the dividing of time.(3 1/2 YRS)

DANIEL 8:23-25
23 And in the latter time of their kingdom, when the transgressors are come to the full, a king (EU DICTATOR) of fierce countenance, and understanding dark sentences,(FROM THE OCCULT) shall stand up.
24 And his power shall be mighty, but not by his own power:(SATANS POWER) and he shall destroy wonderfully, and shall prosper, and practise, and shall destroy the mighty and the holy people.
25 And through his policy also he shall cause craft to prosper in his hand; and he shall magnify himself in his heart, and by peace shall destroy many: he shall also stand up against the Prince of princes;(JESUS) but he shall be broken without hand.

DANIEL 11:36-39
36 And the king (EU DICTATOR) shall do according to his will; and he shall exalt himself, and magnify himself above every god, and shall speak marvellous things against the God of gods, and shall prosper till the indignation be accomplished: for that that is determined shall be done.
37 Neither shall he regard the God of his fathers,(THIS EU DICTATOR IS JEWISH) nor the desire of women, nor regard any god: for he shall magnify himself above all.(CLAIM TO BE GOD)
38 But in his estate shall he honour the God of forces:(WAR) and a god whom his fathers knew not shall he honour with gold, and silver, and with precious stones, and pleasant things.
39 Thus shall he do in the most strong holds with a strange god,(DESTROY TERROR GROUPS) whom he shall acknowledge and increase with glory: and he shall cause them to rule over many,(HIS ARMY LEADERS) and shall divide the land for gain.

REVELATION 19:19
19 And I saw the beast,(EU LEADER) and the kings of the earth, and their armies, gathered together to make war against him that sat on the horse,(JESUS) and against his army.(THE RAPTURED CHRISTIANS)

NATO takes in two more former Communist states,Anti-NATO protesters waving the Soviet flag did not celebrate Albania and Croatia joining the alliance (Photo: EUobserver)VALENTINA POP 04.04.2009 @ 15:35 CET

EUOBSERVER / STRASBOURG – Former Communist countries Albania and Croatia were formally welcomed on Saturday (4 April) as NATO's newest members. Macedonia's membership, however, is still pending due to a name dispute with Greece, while Georgia and Ukraine's accession perspectives look distant.You have very well earned your place at the table, outgoing NATO secretary general Jaap de Hoop Scheffer told Albanian and Croatian delegations at the opening of the NATO council on Saturday morning in Strasbourg.Mr Scheffer said that the move is testimony to the countries' long years of reforms and a proof of the open-door policy of NATO enlargement.US President Barack Obama, himself for the first time at a NATO summit, thanked the pair for sending 140 Albanian and 296 Croatian troops to Afghanistan - a considerable contribution for the two small Balkan states of 3 and 4.5 million people, respectively. In a short ceremony, Mr Obama handed over copies of the Washington Treaty, which lays out the security guarantees of NATO, to the President of Albania, Bamir Topi and Croatian head Stjepan Mesic.What we bring to NATO is the wartime experience of our military, which many other armies do not have, Mr Mesic said on his way to the ceremony.Croatia's entry comes after intense pressure on Slovenia, where some poilitical factions opposed the move due to a bilateral territorial dispute with its neighbour. All NATO states had to ratify the enlargement treaty and deposit documents in Washington, a formal step completeted on 1 April. Created in 1949, NATO was originally designed to guard European allies of the United States against a potential Soviet attack. Article 5 of the Washington Treaty says that if any NATO member is attacked, all the others must come to its aid.

After the fall of Communism, the prospect of NATO membership drove reforms in eastern Europe. NATO accession has in the past gone hand-in-hand with EU membership - all the former Iron Curtain EU states are also NATO members, with Croatia also expected to join the EU shortly. The NATO leaders' gathering in the top security Music Palace venue in the north of Strasbourg on Saturday saw a second day of riots in the historic city, prompting Michelle Obama and other first ladies to cancel a meeting to a cancer hospital.Some of the protesters waved Soviet flags saying Let's all reunite under Maoism and NATO = legal terrorism.

Macedonia pending

NATO leaders failed to achieve any progress on Macedonian membership, which remains pending because of the country's name dispute with Greece. Athens is blocking Skopje's membership, insisting that the name of the former Yugoslav republic should not be Macedonia,because it threatens the security of a Greek province also called Macedonia.In his opening remarks to the NATO council, president Obama said he was looking forward to Macedonia becoming a member.NATO leaders agreed last year in Bucharest that Macedonia would be a member as soon as the name dispute is resolved. The haggle is also blocking the opening of EU accession talks with the country.

Georgia and Ukraine too hot to handle

As for the next countries in line for NATO membership, Georgia and Ukraine, leaders are expected to repeat what they said last year in Bucharest - that the two states would eventually join, once they fulfill criteria.The membership of the two fomer Soviet states is fiercely opposed by Russia. Mr Obama did not specifically name Georgia or Ukraine when he referred to NATO enlargement in the context of Albania, Croatia and Macedonia.The door remains open to new members as they meet the standards of our alliance and can make a meaningful contribution to allied security,he said.The US is currently thawing relations with Russia, whose help it needs for transport of supplies to Afghanistan and for diplomatic support in the Iranian nuclear dispute.

NATO will disappoint Eastern Europe if it backpedals on ...the timetable for allowing Georgia and Ukraine into the NATO membership waiting-room, Andrew Wilson, an expert on Eastern Europe with the European Council on Foreign Relations, a London-based think tank said in a press release.

WW3 THE 3 WAVES THAT MARCH TO ISRAEL

DANIEL 11:40-45
40 And at the time of the end shall the king of the south( EGYPT) push at him:(EU DICTATOR IN ISRAEL) and the king of the north (RUSSIA AND MUSLIM HORDES OF EZEK 38+39) shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over.
41 He shall enter also into the glorious land, and many countries shall be overthrown: but these shall escape out of his hand, even Edom, and Moab, and the chief of the children of Ammon.(JORDAN)
42 He shall stretch forth his hand also upon the countries: and the land of Egypt shall not escape.
43 But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.
44 But tidings out of the east(CHINA 2ND WAVE OF WW3) and out of the north(RUSSIA, MUSLIMS WHATS LEFT FROM WAVE 1) shall trouble him:(EU DICTATOR IN ISRAEL) therefore he shall go forth with great fury to destroy, and utterly to make away many.( 1/3RD OF EARTHS POPULATION)
45 And he shall plant the tabernacles of his palace between the seas in the glorious holy mountain; yet he shall come to his end, and none shall help him.

REVELATION 14:18-20
18 And another angel came out from the altar, which had power over fire; and cried with a loud cry to him that had the sharp sickle, saying, Thrust in thy sharp sickle, and gather the clusters of the vine of the earth; for her grapes are fully ripe.
19 And the angel thrust in his sickle into the earth, and gathered the vine of the earth, and cast it into the great winepress of the wrath of God.
20 And the winepress was trodden without the city,(JERUSALEM) and blood came out of the winepress, even unto the horse bridles, by the space of a thousand and six hundred furlongs.(200 MILES) (THE SIZE OF ISRAEL)

The Third and Final Wave of WW3 is when all Nations march to Jerusalem, but JESUS bodily returns to earth and destroys them,sets up his KINGDOM OF RULE FOR 1000 YEARS THEN FOREVER.

2ND WAVE CHINA AND KINGS OF THE EAST MARCH TO ISRAEL

REVELATION 16:12
12 And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared.(THIS IS THE ATATURK DAM IN TURKEY,THEY CROSS OVER).

DANIEL 11:44 (2ND WAVE OF WW3)
44 But tidings out of the east(CHINA) and out of the north(RUSSIA, MUSLIMS WHATS LEFT FROM WAVE 1) shall trouble him:(EU DICTATOR IN ISRAEL) therefore he shall go forth with great fury to destroy, and utterly to make away many.( 1/3RD OF EARTHS POPULATION)

REVELATION 9:12-18
12 One woe is past; and, behold, there come two woes more hereafter.
13 And the sixth angel sounded, and I heard a voice from the four horns of the golden altar which is before God,
14 Saying to the sixth angel which had the trumpet, Loose the four angels which are bound in the great river Euphrates.(IRAQ-SYRIA)
15 And the four angels were loosed, which were prepared for an hour, and a day, and a month, and a year, for to slay the third part of men.(1/3 Earths Population die in WW 3 2ND WAVE)
16 And the number of the army of the horsemen were two hundred thousand thousand:(200 MILLION MAN ARMY FROM CHINA AND THE KINGS OF THE EAST) and I heard the number of them.
17 And thus I saw the horses in the vision, and them that sat on them, having breastplates of fire, and of jacinth, and brimstone: and the heads of the horses were as the heads of lions; and out of their mouths issued fire and smoke and brimstone.(NUCLEAR BOMBS)
18 By these three was the third part of men killed, by the fire, and by the smoke, and by the brimstone, which issued out of their mouths.(NUCLEAR BOMBS)

NUCLEAR WEAPONS WILL BE USED.

PSALMS 97:3
3 A fire goeth before him, and burneth up his enemies round about.

REVELATION 14:18-20
18 And another angel came out from the altar, which had power over fire; and cried with a loud cry to him that had the sharp sickle, saying, Thrust in thy sharp sickle, and gather the clusters of the vine of the earth; for her grapes are fully ripe.
19 And the angel thrust in his sickle into the earth, and gathered the vine of the earth, and cast it into the great winepress of the wrath of God.
20 And the winepress was trodden without the city,(JERUSALEM) and blood came out of the winepress, even unto the horse bridles, by the space of a thousand and six hundred furlongs.(200 MILES) (THE SIZE OF ISRAEL)

ISAIAH 66:15-18
15 For, behold, the LORD will come with fire, and with his chariots like a whirlwind, to render his anger with fury, and his rebuke with flames of fire.
16 For by fire and by his sword will the LORD plead with all flesh: and the slain of the LORD shall be many.
17 They that sanctify themselves, and purify themselves in the gardens behind one tree in the midst, eating swine's flesh, and the abomination, and the mouse, shall be consumed together, saith the LORD.
18 For I know their works and their thoughts: it shall come, that I will gather all nations and tongues; and they shall come, and see my glory.

ISAIAH 26:21
21 For, behold, the LORD cometh out of his place to punish the inhabitants of the earth for their iniquity: the earth also shall disclose her blood, and shall no more cover her slain.(WW3,1/2 earths population die).

ISAIAH 13:6-13 KJV
6 Howl ye; for the day of the LORD is at hand; it shall come as a destruction from the Almighty.
7 Therefore shall all hands be faint, and every man's heart shall melt:(FROM FRIGHT)
8 And they shall be afraid: pangs and sorrows shall take hold of them; they shall be in pain as a woman that travaileth: they shall be amazed one at another; their faces shall be as flames.
9 Behold, the day of the LORD cometh, cruel both with wrath and fierce anger, to lay the land desolate: and he shall destroy the sinners thereof out of it.
10 For the stars of heaven and the constellations thereof shall not give their light: the sun shall be darkened in his going forth, and the moon shall not cause her light to shine.
11 And I will punish the world for their evil, and the wicked for their iniquity; and I will cause the arrogancy of the proud to cease, and will lay low the haughtiness of the terrible.
12 I will make a man more precious than fine gold; even a man than the golden wedge of Ophir.
13 Therefore I will shake the heavens, and the earth shall remove out of her place, in the wrath of the LORD of hosts, and in the day of his fierce anger.

ISAIAH 24:17-23 KJV
17 Fear, and the pit, and the snare, are upon thee, O inhabitant of the earth.
18 And it shall come to pass, that he who fleeth from the noise of the fear shall fall into the pit; and he that cometh up out of the midst of the pit shall be taken in the snare: for the windows from on high are open, and the foundations of the earth do shake.
19 The earth is utterly broken down, the earth is clean dissolved, the earth is moved exceedingly.
20 The earth shall reel to and fro like a drunkard, and shall be removed like a cottage; and the transgression thereof shall be heavy upon it; and it shall fall, and not rise again.
21 And it shall come to pass in that day, that the LORD shall punish the host of the high ones that are on high, and the kings of the earth upon the earth.
22 And they shall be gathered together, as prisoners are gathered in the pit, and shall be shut up in the prison, and after many days shall they be visited.
23 Then the moon shall be confounded, and the sun ashamed, when the LORD of hosts shall reign in mount Zion, and in Jerusalem, and before his ancients gloriously.

2 TIMOTHY 3:1
1 This know also, that in the last days perilous (DANGEROUS) times shall come.

JOEL 2:3,30
3 A fire devoureth before them; and behind them a flame burneth: the land is as the garden of Eden before them, and behind them a desolate wilderness; yea, and nothing shall escape them.
30 And I will shew wonders in the heavens and in the earth, blood, and fire, and pillars of smoke.

ZECHARIAH 14:12-13
12 And this shall be the plague wherewith the LORD will smite all the people that have fought against Jerusalem; Their flesh shall consume away while they stand upon their feet, and their eyes shall consume away in their holes, and their tongue shall consume away in their mouth.
13 And it shall come to pass in that day, that a great tumult from the LORD shall be among them; and they shall lay hold every one on the hand of his neighbour, and his hand shall rise up against the hand of his neighbour.

EZEKIEL 20:47
47 And say to the forest of the south, Hear the word of the LORD; Thus saith the Lord GOD; Behold, I will kindle a fire in thee, and it shall devour every green tree in thee, and every dry tree: the flaming flame shall not be quenched, and all faces from the south to the north shall be burned therein.

ZEPHANIAH 1:18
18 Neither their silver nor their gold shall be able to deliver them in the day of the LORD'S wrath; but the whole land shall be devoured by the fire of his jealousy: for he shall make even a speedy riddance of all them that dwell in the land.

MALACHI 4:1
1 For, behold, the day cometh, that shall burn as an oven; and all the proud, yea, and all that do wickedly, shall be stubble: and the day that cometh shall burn them up, saith the LORD of hosts, that it shall leave them neither root nor branch.

REVELATION 8:7
7 The first angel sounded, and there followed hail and fire mingled with blood, and they were cast upon the earth: and the third part of trees was burnt up, and all green grass was burnt up.

REVELATION 9:18
18 By these three was the third part of men killed, by the fire, and by the smoke, and by the brimstone, which issued out of their mouths.

HALF OF EARTHS POPULATION DIE DURING THE 7 YR TRIBULATION.(THESE VERSES ARE JUDGEMENT SCRIPTURES NOT RAPTURE SCRIPTURES)

LUKE 17:34-37
34 I tell you, in that night there shall be two men in one bed; the one shall be taken, and the other shall be left.
35 Two women shall be grinding together; the one shall be taken, and the other left.
36 Two men shall be in the field; the one shall be taken, and the other left.
37 And they answered and said unto him, Where, Lord? And he said unto them, Wheresoever the body is, thither will the eagles be gathered together.(Christians have new bodies,this is the people against Jerusalem during the 7 yr treaty)(Christians bodies are not being eaten by the birds).

MATTHEW 24:37-51
37 But as the days of Noe were, so shall also the coming of the Son of man be.
38 For as in the days that were before the flood they were eating and drinking, marrying and giving in marriage, until the day that Noe entered into the ark,
39 And knew not until the flood came, and took them all away; so shall also the coming of the Son of man be.
40 Then shall two be in the field; the one shall be taken, and the other left.
41 Two women shall be grinding at the mill; the one shall be taken, and the other left.
42 Watch therefore: for ye know not what hour your Lord doth come.
43 But know this, that if the goodman of the house had known in what watch the thief would come, he would have watched, and would not have suffered his house to be broken up.
44 Therefore be ye also ready: for in such an hour as ye think not the Son of man cometh.
45 Who then is a faithful and wise servant, whom his lord hath made ruler over his household, to give them meat in due season?
46 Blessed is that servant, whom his lord when he cometh shall find so doing.
47 Verily I say unto you, That he shall make him ruler over all his goods.
48 But and if that evil servant shall say in his heart, My lord delayeth his coming;
49 And shall begin to smite his fellowservants, and to eat and drink with the drunken;
50 The lord of that servant shall come in a day when he looketh not for him, and in an hour that he is not aware of,
51 And shall cut him asunder, and appoint him his portion with the hypocrites: there shall be weeping and gnashing of teeth.

A look at North Korea's missile arsenal By The Associated Press – Sat Apr 4, 11:39 pm ET

A look at North Korea's missile arsenal:

ADVANCED TAEPODONG-2: Under development. Potential range of about 5,000 miles (8,000 kilometers), putting the U.S. west coast, Hawaii, Australia and eastern Europe within striking distance. North Korea says this, and all Taepdong missiles, are space launch vehicles (SLVs) for satellites, though satellite and missile technologies are considered interchangeable.

TAEPODONG-2: Three-stage rocket with potential range of more than 4,100 miles (6,700 kilometers), putting Alaska within striking distance. South Korea says a test rocket fizzled soon after takeoff in July 2006. First two stages are liquid-fueled, while the third is believed to be solid-fueled. Similar to Iran's Safir-Omid space launch vehicle, suggesting extensive cooperation between the two nations.

TAEPODONG-1: Estimated range of 1,550 miles (2,500 kilometers). A test launch in August 1998 flew over Japan and shocked the world because it was well beyond North Korea's known capability at the time. Both lower stages are liquid-fueled, with a potential solid-fuel third stage. Payload is thought to be about 750 pounds (500 kilograms). Accuracy is believed poor, with no meaningful strike capability

NEW MISSILE: North Korea has fielded a new intermediate range ballistic missile, according to South Korea's Defense Ministry. With a range of 1,800 miles (3,000 kilometers), it could reach Guam, northern Australia, most of Russia and parts of India. North Korea reportedly used Russian SS-N-6 submarine-launched ballistic missile technology for the mobile, land-based missile. It reportedly is liquid-fueled with one or two stages. Some reports say North Korea put the new missile on display during a 2007 military parade. Accuracy is unknown.

RODONG: Japan is the likely target of this short-range missile. Rodong is almost identical to Iran's Shahab-3 and Pakistan's Ghauri II (Hatf V), the strongest evidence of the countries' collaboration and of North Korean sale of technology and missile equipment to others. All three countries continue to refine the design. Estimated range of 620 to 930 miles (1,000 to 1,500 kilometers) and maximum payload of 2,200 pounds (1,000 kilograms). They are single-stage, liquid-fuel missiles on mobile launchers. Most have fairly poor accuracy, though some may have been fitted with warhead separation and more modern guidance systems.

SCUD: Single stage, liquid-fueled missile with a range of up to 500 miles (800 kilometers). Known in North Korea by the name Hwasong, the SCUD B and SCUD C can reach only South Korea, but the SCUD D could target Japan. Accuracy is extremely poor. Ballistic missile programs in Pakistan and Iran were built on SCUD technology.

Sources: STRATFOR global intelligence, South Korea's Defense Ministry, with reporting by Carley Petesch in New York and Jae-soon Chang in Seoul.

UN council to meet in emergency session on N.Korea By JOHN HEILPRIN, Associated Press Writer John Heilprin, Associated Press Writer – Sun Apr 5, 4:46 am ET

UNITED NATIONS – The U.N. Security Council approved an emergency session Sunday to deal with North Korea's rocket launch.Mexico's mission to the United Nations set the meeting for 3 p.m. EDT, spokesman Marco Morales said. Mexico holds the 15-nation council's presidency this month.That approval came after Japan submitted a formal letter requested an emergency session of the United Nations council that handles threats to international peace and security.We received a letter and there will be a meeting, Morales said.Yutaka Arima, a spokesman for Japan's U.N. mission, said his nation asked for the meeting within minutes of the launch.The U.S. and South Korean governments confirmed North Korea launched a long-range rocket launch from its east coast base that flew over Japan.North Korea says it was putting a communications satellite into space. The U.S., South Korea, Japan and others suspect Pyongyang of using the launch to improperly test long-range missile technology.Diplomats at the U.N. say the U.S., Britain, France and South Korea already have begun discussing a possible Security Council resolution to reaffirm its existing sanctions on North Korea.Those sanctions were imposed in 2006 in an attempt to persuade North Korea to shelve its nuclear program and halt long-range missile tests.The diplomats said the U.S., Britain and France, each of which holds veto power on the 15-nation council, are unlikely to seek new sanctions in the face of probable resistance from China, North Korea's closest ally, and Russia, the other two nations with veto power.They spoke on condition of anonymity, because of the sensitive nature of the discussions.

AMERICA (POLITICAL BABYLON)

EZEKIEL 39:21
21 And I will set my glory among the heathen, and all the heathen shall see my judgment that I have executed, and my hand that I have laid upon them.

ISAIAH 18:1-2
1 Woe to the land shadowing with wings, which is beyond the rivers of Ethiopia:
2 That sendeth ambassadors by the sea, even in vessels of bulrushes upon the waters, saying, Go, ye swift messengers, to a nation scattered and peeled, to a people terrible from their beginning hitherto; a nation meted out and trodden down, whose land the rivers have spoiled!

JEREMIAH 50:11,37,12
11 Because ye were glad, because ye rejoiced, O ye destroyers of mine heritage, because ye are grown fat as the heifer at grass, and bellow as bulls;(BACKSLIDERS)
37 A sword is upon their horses, and upon their chariots, and upon all the mingled people that are in the midst of her; and they shall become as women: a sword is upon her treasures; and they shall be robbed.(A NATION OF MINGLED PEOPLE)
12 Your mother shall be sore confounded; she that bare you shall be ashamed:(MOTHER ENGLAND) behold, the hindermost of the nations shall be a wilderness, a dry land, and a desert.

JEREMIAH 51:13,7,53
13 O thou that dwellest upon many waters, abundant in treasures, thine end is come, and the measure of thy covetousness.
7 Babylon hath been a golden cup in the LORD's hand, that made all the earth drunken: the nations have drunken of her wine; therefore the nations are mad.
53 Though Babylon should mount up to heaven, and though she should fortify the height of her strength, yet from me shall spoilers come unto her, saith the LORD.

REVELATION 18:3,5,7
3 For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.
5 For her sins have reached unto heaven, and God hath remembered her iniquities.
7 How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow.

JEREMIAH 50:3,24
3 For out of the north there cometh up a nation against her, which shall make her land desolate, and none shall dwell therein: they shall remove, they shall depart, both man and beast.
24 I have laid a snare for thee, and thou art also taken, O Babylon, and thou wast not aware: thou art found, and also caught, because thou hast striven against the LORD. (RUSSIA A SNEAK ATTACK ON AMERICA)

REVELATION 18:10
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.

THE BIBLE CLEARLY SAYS THE EU WILL LEAD THE WORLD NOT AMERICA.SEE WHAT HAPPENS AMERICA WHEN YOU TAKE GOD OUT OF EVERYTHING AND BETRAY ISRAEL.GOD BRINGS THAT NATION TO ITS KNEES,THEN TO ITS DESTRUCTION.

WHAT THE WORLD WILL BE LIKE
http://www.youtube.com/watch?v=i8wA8TovXAw&feature=related
http://www.youtube.com/watch?v=Q2qDW34Fr64
SILVER BETTER THAN GOLD
http://www.youtube.com/watch?v=DeVM0MH9Ido&feature=related
2009 AMERICAS DECLINE
http://www.youtube.com/watch?v=w84EiCt0Lqk&feature=related

G-20 Shapes New World Order With Lesser Role for U.S., Markets
By Rich Miller and Simon Kennedy

April 3 (Bloomberg) -- Global leaders took their biggest steps yet toward a new world order that’s less U.S.-centric with a more heavily regulated financial industry and a greater role for international institutions and emerging markets. At the end of a summit in London, policy makers from the Group of 20 yesterday delivered a regulatory blueprint that French President Nicholas Sarkozy said turned the page on the Anglo-Saxon model of free markets by placing stricter limits on hedge funds and other financiers. The leaders also pledged to triple the resources of the International Monetary Fund and to hand China and other developing economies a greater say in the management of the world economy. It’s the passing of an era,said Robert Hormats, vice chairman of Goldman Sachs International, who helped prepare summits for presidents Gerald R. Ford, Jimmy Carter and Ronald Reagan. The U.S. is becoming less dominant while other nations are gaining influence.A lot was at stake. If the leaders had failed to forge a consensus -- Sarkozy this week threatened to quit the talks if they didn’t back much tighter regulation -- it might have set back the world’s economy and markets just as they’re showing signs of shaking off the worst financial crisis in six decades.That’s what happened in 1933, when President Franklin D. Roosevelt torpedoed a similar conference in London by rejecting its plan to stabilize currency rates and in the process scotched international efforts to lift the world out of a depression.

More Conciliation

Seeking to avoid a repeat of that historic flop, President Barack Obama junked the at-times go-it-alone approach of his predecessor, George W. Bush, and adopted a more conciliatory stance toward his fellow leaders. In a world that is as complex as it is, it is very important for us to be able to forge partnerships as opposed to simply dictating solutions,Obama told a press conference at the conclusion of the summit.

Stock markets rose in response to the steps taken by the G-20 leaders. The Standard & Poor’s 500 Index climbed 2.9 percent to 834.38. The Dow Jones Industrial Average added 216.48 points, or 2.8 percent, to 7,978.08. Both closed at their highest levels since the second week of February. In an effort to promote harmony, Obama soft-pedaled earlier U.S. demands that the summit agree on a specific target for fiscal stimulus in the face of opposition from France and Germany. Instead, he settled for a vague pledge that the leaders would do whatever it takes to revive the global economy.

Repudiation of Past

The president also signed on to a communiqué that Nobel Laureate Joseph Stiglitz said repudiated the previous U.S.-led push to free capitalism from the constraints of governments. This is a major step forward and a reversal of the ideology of the 1990s, and at a very official level, a rejection of the ideas pushed by the U.S. and others,said Stiglitz, an economics professor at Columbia University.It’s a historic moment when the world came together and said we were wrong to push deregulation.In bowing to that view, the leaders conceded in a statement that major failures in regulation had been fundamental causes of the market turmoil they are trying to tackle. To make amends and to try to avoid a repeat of the crisis, they pledged to impose stronger restraints on hedge funds, credit rating companies, risk-taking and executive pay. Countries that used to defend deregulation at any cost are recognizing that there needs to be a larger state presence so this crisis never happens again, said Argentine President Cristina Fernandez de Kirchner.

Financial Stability Board

A new Financial Stability Board will be established to unite regulators and join the IMF in providing early warnings of potential threats. Once the economy recovers, work will begin on new rules aimed at avoiding excessive leverage and forcing banks to put more money aside during good times. German Chancellor Angela Merkel, who had unsuccessfully sought to convince the U.S. and Britain to sign on to similar steps before the crisis began in mid-2007, hailed the communiqué as a victory for common sense.The U.S. did, though, take the lead in getting the summit to agree on an increase in IMF rescue funds to $750 billion from $250 billion now. Japan, the European Union and China will provide the first $250 billion of the increase, with the balance to come from as yet unidentified countries. This will provide the IMF with enough resources to meet the needs of East European nations and also provide back-up funding to a broader set of countries,said Brad Setser, a former U.S. Treasury official who’s now at the Council on Foreign Relations in New York.

IMF Allocation

The G-20 also agreed to an allocation of $250 billion in Special Drawing Rights, the artificial currency that the IMF uses to settle accounts among its member nations. The move is akin to a central bank such as the Federal Reserve effectively creating money out of thin air, except it’s on a global scale. The increase in Special Drawing Rights will allow countries to tap IMF money without having to accept changes to economic policies often demanded as a condition of aid. The cash is disbursed in proportion to the money each member-nation pays into the fund. Rich nations will be allowed to divert their allocations to countries in greater need. The G-20 said they would couple the financing moves with steps to give emerging economic powerhouses such as China, India and Brazil a greater say in how the IMF is run.

Emerging Markets Benefit

Citigroup Inc. economists Don Hanna and Jurgen Michels called the summit agreement a boon to emerging markets in a note to clients yesterday. Mexico said Wednesday it will seek $47 billion from the IMF under the Washington-based lender’s new Flexible Credit Line, which allows some countries to borrow money with no conditions. Emerging-market stocks, bonds and currencies rallied yesterday on speculation other developing nations will follow Mexico’s lead. Gains in Polish, Czech and Brazilian stocks helped push the MSCI Emerging Markets Index up 5.6 percent to 613.07, the highest since Oct. 15.In a bid to avoid another mistake of the depression era, G-20 leaders repeated an earlier pledge to avoid trade protectionism and beggar-thy-neighbor policies that could aggravate the decline in the global economy. The Paris-based Organization for Economic Cooperation and Development predicted this week that global trade will shrink 13 percent this year as loss-ridden banks cut back on credit to exporters and importers.

Trade Finance

To help combat that, the G-20 said they will make at least $250 billion available in the next two years to support the finance of trade through export credit agencies and development banks such as the World Bank. The summit took place amid speculation among investors that the deepest global recession in six decades may be abating. Data released yesterday showed orders placed with U.S. factories rose in February for the first time in seven months, U.K. house prices unexpectedly gained in March and Chinese manufacturing increased. Still, a report today is forecast to show U.S. unemployment at its highest in a quarter-century. If the economy turns more favorable, this meeting will probably be viewed as a milestone, said C. Fred Bergsten, a former U.S. official and director of the Peterson Institute for International Economics in Washington. The G-20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the U.S., the U.K. and the European Union. Officials from Spain and the Netherlands were also present. To contact the reporters on this story: Rich Miller in Washington rmiller28@bloomberg.net; Simon Kennedy in Paris at Skennedy4@bloomberg.net

DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.

JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.

REVELATION 13:16-18
16 And he(FALSE POPE) causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(CHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM

WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/

HALF HOUR DOW RESULTS MON APR 06,2009

09:30 AM -3.35
10:00 AM -74.36
10:30 AM -90.48
11:00 AM -96.14
11:30 AM -116.76
12:00 PM -140.58
12:30 PM -150.38
01:00 PM -129.91
01:30 PM -130.23
02:00 PM -112.08
02:30 PM -103.94
03:00 PM -84.59
03:30 PM -85.78
04:00 PM -41.74 7975.85

S&P 500 835.48 -7.02

NASDAQ 1606.71 -15.16

GOLD 870.30 -26.80

OIL 51.11 -1.40

TSE 300 9016.17 -49.59

CDNX 963.17 -12.42

S&P/TSX/60 548.75 -2.06

MORNING,NEWS,STATS
GOLD AT OPEN TODAY $879.30.OIL AT OPEN TODAY $51.76.
Dow -72 points at 4 minutes of trading today.
Dow -100 points at low today so far.
Dow -3 points at high today so far.

YEAR TO DATE PERFORMANCE
Dow -8.65%
S&P -6.73 %
Nasdaq +2.84 %
TSX Advances 783,declines 745,unchanged 263,Volume 2,554,869,281.
TSX Venture Exchange Advances 364,Declines 381,Unchanged 364,Volume 226,632,402.

AFTERNOON,NEWS,STATS
Dow -151 points at low today so far.
Dow -3 points at high today so far.

DAY TODAY PERFORMANCE - 12:30PM STATS
NYSE Advances 741,declines 2,849,unchanged 87,New Highs 2,New Lows 40.
Volume 2,839,350,341.
NASDAQ Advances 617,declines 2,013,unchanged 98,New highs 13,New Lows 12.
Volume 866,115,101.
TSX Advances 436,declines 836,unchanged 260,Volume 1,213,076,946.
TSX Venture Exchange Advances 241,Declines 358,Unchanged 281,Volume 111,158,314.

WRAPUP,NEWS,STATS
Dow -154 points at low today so far.
Dow -3 points at high today so far.

LOOKING BACKWARDS TO THE FUTURE
http://britanniaradio.blogspot.com/2009/04/04042009-looking-backwards-at-future.html#links

BARROSO AND THE EU WROTE THE RULES AT THE G-20
http://link.brightcove.com/services/player/bcpid1137883380?bctid=18508669001

WE SEE WAY BACK IN 1988 THEY WERE CALLING FOR A SINGLE CURRENCY ALREADY.

COVER: GET READY FOR A WORLD CURRENCY Title of article: Get Ready for the Phoenix Source: Economist; 01/9/88, Vol. 306, pp 9-10

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies , which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates - a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.

But in spite of all the trouble governments have in reaching and (harder still) sticking to international agreements about macroeconomic policy, the conviction is growing that exchange rates cannot be left to themselves. Remember that the Louvre accord and its predecessor, the Plaza agreement of September 1985, were emergency measures to deal with a crisis of currency instability. Between 1983 and 1985 the dollar rose by 34% against the currencies of America's trading partners; since then it has fallen by 42%. Such changes have skewed the pattern of international comparative advantage more drastically in four years than underlying economic forces might do in a whole generation.In the past few days the world's main central banks, fearing another dollar collapse, have again jointly intervened in the currency markets (see page 62). Market-loving ministers such as Britain's Mr. Nigel Lawson have been converted to the cause of exchange-rate stability. Japanese officials take seriously he idea of EMS-like schemes for the main industrial economies. Regardless of the Louvre's embarrassing failure, the conviction remains that something must be done about exchange rates.Something will be, almost certainly in the course of 1988. And not long after the next currency agreement is signed it will go the same way as the last one. It will collapse. Governments are far from ready to subordinate their domestic objectives to the goal of international stability. Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice. This points to a muddled sequence of emergency followed by a patch-up followed by emergency, stretching out far beyond 2018 - except for two things. As time passes, the damage caused by currency instability is gradually going to mount; and the very tends that will make it mount are making the utopia of monetary union feasible.

The new world economy

The biggest change in the world economy since the early 1970's is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world's financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.Alongside that trend is another - of ever-expanding opportunities for international trade. This too is the gift of advancing technology. Falling transport costs will make it easier for countries thousands of miles apart to compete in each others' markets. The law of one price (that a good should cost the same everywhere, once prices are converted into a single currency) will increasingly assert itself. Politicians permitting, national economies will follow their financial markets - becoming ever more open to the outside world. This will apply to labour as much as to goods, partly thorough migration but also through technology's ability to separate the worker form the point at which he delivers his labour. Indian computer operators will be processing New Yorkers' paychecks.In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment.The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate - and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.

As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.The alternative - to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect.Pencil in the phoenix for around 2018, and welcome it when it comes.

G20 shows power shift to multipolar world Sun, Apr 5th, 2009 1:38 pm
http://www.bdnews24.com/details.php?id=80735&cid=4

COLUMN Paul Taylor

Washington Apr 5 (bdnews24.com)—A year ago, mere mention of the notion of a multipolar world was a sure way to lose friends and dinner invitations in Washington.

The London G20 summit shows just how far power has ebbed from the United States, and from the West in general. Until late 2008, the Group of Eight mostly Western industrialized nations — the United States, Canada, Germany, France, Britain, Italy, Russia and Japan — was the key forum for economic governance. The new, unwieldy top table has emerged faster than anyone dared predict because a humbled America and a chastened Europe need the money and cooperation of rising powers such as China, India, Russia, Brazil and Saudi Arabia to fix the world economy. The United States remains the pre-eminent military and economic power, and how it manages to clean up its banking system will be the biggest factor in the length and severity of the crisis. But how the emerging countries manage their currency reserves, exchange rates, trade policies and energy exports will also determine whether we recover from recession in the next 18 months or slide into a depression. U.S. President Barack Obama, on his maiden foray in global diplomacy, showed he understands the new dispensation by paying respects in prior bilateral meetings to Chinese President Hu Jintao and Russian President Dmitry Medvedev. The Europeans acted as midwives to this new world (dis)order, but they have yet to accept that they too need to be cut down to size. To make way for the legitimate aspirations of emerging and developing nations in international financial institutions, the number of Europeans at the table will have to shrink. This should force them to pool their representation under the European Union, as they do in trade negotiations. That may be unpalatable not just for Britain but even for core euro zone members such as Germany and France. Yet French President Nicolas Sarkozy and German Chancellor Angela Merkel made the best case for a single EU seat by working like a tag team to pressure the United States and Britain into stricter regulation, notably of hedge funds, and tougher action against tax havens.

Managing the new power constellation won't be easy and may not work. It will take trade-offs between Washington and New Delhi to clear the path for a global trade pact, among Western nations, China and India to fight climate change, and between industrialized and developing powers to reallocate power in the IMF, the World Bank and the United Nations.At least now almost all the key players are at the table, except for Iran. But that's another story.Paul Taylor is a Reuters columnist. The opinions expressed are his own bdnews24.com/rah/1334h

EU divided on financial oversight rules
ELITSA VUCHEVA Today APR 6,09 @ 09:26 CET

An informal meeting of EU economy and finance ministers in Prague over the weekend highlighted divisions in the bloc when it comes to implementing some of the reforms of the global financial system agreed just days before at the G20 summit in London.

The 27 ministers on Saturday (4 April) reiterated the need to press ahead with recommendations made by a high-level EU panel headed by former International Monetary Fund chief Jacques de La Rosiere calling for a new financial watchdog to prevent future financial crises, which would be chaired by the European Central Bank.But some countries, notably Britain, expressed reservations about how far this joint oversight should go.The ECB clearly has an important role to play in strengthening and enhancing macro-prudential supervision, but the precise role has yet to be determined,UK financial services secretary Paul Myners was reported as saying by Bloomberg.French finance minister Christine Lagarde explained that Britain – which is not among the 16 EU states using the euro – was especially concerned about the ECB being in charge.We have to find a joint solution because we can't leave London out of the system. London's role in finance is too big,she was reported by AFP as saying.

ECB chief Jean-Claude Trichet also tried to reassure the British, stressing that all EU central banks would still have a place within the new financial watchdog.I insisted on the need to be clear about the fact that the new risk council would not only be the eurosystem but the system of all the European central banks ... including those that are not members of the eurozone,Mr Trichet said.British premier Gordon Brown is to meet Bank of England Governor Mervyn King on Monday in order to discuss how the country should implement the new financial rules laid out by the G20 leaders.

The British have a somewhat different view,Dutch state secretary of finance Jan Kees de Jager said in Prague. We hope that in the next couple of weeks these hesitations will be overcome,he added.Luxembourg, Belgium unhappy with OECD list.Meanwhile, EU countries that the Organisation for Economic Cooperation and Development (OECD) last week included on a grey list of countries that have agreed to better implement international banking transparency standards, but have not yet done so, expressed their dissatisfaction with the move on Friday.I think that the treatment given to some countries is a bit incomprehensible, Luxembourg prime minister Jean-Claude Juncker said.We will negotiate double-taxation agreements. When we do that we will disappear from this list,he added.For his part, Belgian finance minister Didier Reynders said that it was not very pleasant to be on a list that also included tax havens.He also suggested Belgium could soon be taken from the list after it signs agreements on financial information exchange with a number of countries.During their meeting last week, G20 leaders vowed to crack down on tax havens and bank secrecy.

OBAMA ENDORSES SORO'S PLAN TO LOOT AMERICA
By Cliff Kincaid April 4, 2009 NewsWithViews.com

At the G 20 summit in London, President Barack Obama won rave reviews from reporters, many of whom clamored like school kids for the chance to ask him a question at his news conference, but the official conference document proves that plans are being made for what can only be described as the further looting of American taxpayers in order to feed unaccountable and corrupt global entities.This is not global cooperation, as so many in the media described it, but a massive new expansion of the power and authority of international agencies and institutions such as the United Nations, the International Monetary Fund and the World Bank.By embracing the global plan for recovery and reform, which is how it was officially described, Obama explicitly endorsed International Monetary Fund (IMF) surveillance of the U.S. economy, creation of a global Financial Stability Board,the expanded use of a new global currency called Special Drawing Rights, a new global warming treaty, and costly fulfillment of the United Nations Millennium Development Goals (MDGs). This is in addition to the explicit and reported commitment of over $1 trillion in additional taxpayer money to the IMF and the World Bank.The Special Drawing Rights proposal, which is a vehicle for further U.S. foreign aid to the rest of the world, was the brainchild of billionaire George Soros, who told CNBC’s Maria Bartiromo that the G 20 conference was a success.Dubbed the Lenin of the 21st Century by the Ripon Forum magazine, because of his apparent transformation from super-capitalist into neo-Marxist,Soros waged an expensive but unsuccessful campaign to defeat President George W. Bush for re-election in 2004. He has been determined to install a puppet in the White House.

In addition to financing Democratic Party politicians and left-wing organizations such as the ACLU, he has subsidized a wide array of liberal causes, ranging from abortion rights to gay rights to legalization of dangerous drugs. Even former members of the terrorist Weather Underground, such as Bernardine Dohrn and Linda Evans, have appeared at functions sponsored by his so-called Open Society Institute or accepted its grants.Soros had backed Obama for president in 2008, saying that he had the charisma and the vision to radically reorient America in the world.His prediction seems to be eerily coming true.In the final analysis, the grand total of money to be looted from American taxpayers as a result of Obama’s commitments at the G 20 conference could easily surpass trillions of dollars. In a major understatement, the official conference documentcalls it unprecedented and concerted fiscal expansion.But while Obama endorsed the document and its recommendations, the Congress of the United States can still have some say over whether some of the commitments he made are put into law.Consider the commitment to the U.N. MDGs, for example. The document includes the statement that we reaffirm our historic commitment to meeting the Millennium Development Goals…This is, in fact, a disguised attempt to make then-Senator Obama’s Global Poverty Act the law of the land through executive action. This measure alone has been estimated to cost $845 billion and it was never passed by Congress because of public opposition. In similar fashion, the current Congress can also resist compliance with the U.N. mandate.We will support, now and in the future, to candid, even-handed, and independent IMF surveillance of our economies and financial sectors, of the impact of our policies on others, and of risks facing the global economy,the document states. There is no exception for the U.S. Hence, the IMF will now be in a position to officially monitor and pass judgment on U.S. economic policies. We have become like any other second- or third-rate power in need of global oversight and supervision.

The proposed new Financial Stability Board (FSB)will have a strengthened mandate and work with the IMF to reshape our regulatory systems.Among other things, its mission is to assess vulnerabilities affecting the financial system, identify and oversee action needed to address them,promote co-ordination and information exchange among authorities responsible for financial stability,and monitor and advise on market developments and their implications for regulatory policy.The Financial Stability Board is the new name for a more powerful and expanded Financial Stability Forum, a body originally designed to promote international financial stability through information exchange and international co-operation in financial supervision and surveillance.Members of the group include the central banks of various nations, international financial institutions, and supervisors in important financial centers.

The document also states that we call on the UN, working with other global institutions, to establish an effective mechanism to monitor the impact of the crisis on the poorest and most vulnerable.Is this the same U.N. that has achieved a reputation for corruption, fraud, waste, and incompetence? Is this the organization whose peacekeepers have been found guilty of the sexual abuse of women and children around the world? It is one and the same.In the name of holding big banks accountable, therefore, Obama has put the U.S. in the hands of global institutions that are somehow supposed to help provide a global solution to the global crisis.If anything, the record demonstrates that these institutions make human problems worse, not better.Nevertheless, British Prime Minister Gordon Brown declared that A new world order is emerging and with it we’re entering into a new era of international cooperation.But viewed in another light, Obama has sold out the sovereignty of the United States and has laid the groundwork for the death of the U.S. dollar as the world’s dominant currency. While President Bush started this insidious processof holding G 20 meetings, Obama has taken the process much further down the road. It is truly unprecedented. The London Summit — Leaders’ Statement,dated April 2, 2009, was only nine pages, and there were some vague and confusing statements in it. But much of it was both understandable and frightening, if reporters would only take the time to bother to read it.We have agreed to support a general SDR allocation which will inject $250 billion into the world economy and increase global liquidity, and urgent ratification of the Fourth Amendment, the document says. Basic research would disclose that this is a reference to Special Drawing Rights, a so-called international reserve asset which under the Obama plan would evolve into a kind of new global currency based on the willingness of the U.S. and other countries to dramatically increase funding of the IMF. In the words of the IMF, a Special Drawing Right is a potential claim on the freely usable currencies of IMF members. That means that its worth is based in part on claims to U.S. taxpayer dollars. It is a new form of foreign aid.

The reference to ratifying the Fourth Amendment (of the IMF Articles of Agreement) means that Obama has agreed that the U.S. will vote to greatly expand the use of SDRs. But the Congress can have a say in this.This proposal had been demanded by billionaire leftist George Soros. Indeed, according to a news account in advance of the London meeting, he had come up with the specific $250 billion figure.As we had documented years ago, Soros has long viewed Special Drawing Rights as a variation of a global tax to finance more foreign aid. Expanding the use of SDRs is another obvious effort to drain wealth away from the United States.The two annexes to the G 20document are full of detailed recommendations for regulating such matters as pay and compensation at financial institutions and international standards in relation to tax transparency.One of the main objectives is to reduce the ability of people and corporations to avoid high tax rates.We reaffirm our commitment to address the threat of irreversible climate change, based on the principle of common but differentiated responsibilities, and to reach agreement at the UN Climate Change conference in Copenhagen in December 2009,the document states. This is a commitment to sign a new global warming treaty that could cost the U.S. economy even more trillions of dollars. But this agreement would also require Congressional approval.In a virtual throwaway line, the document calls for extending regulation and oversight to all systemically important financial institutions, instruments and markets, including for the first time, systemically important hedge funds…If such a proposal were actually implemented, and there are strong doubts that it ever would be, such supervision could possibly shed some light on the mysterious behind-the-scenes activities of George Soros himself, one of Obama’s biggest backers, who was convicted of insider trading in France.While decrying the lack of regulation, Soros has made billions of dollars operating a secretive off-shore financial hedge fund and manipulating international financial markets and foreign currencies.

Known as the man who almost broke the Bank of England and described by some as extremely evil,Soros engaged in a complex financial transaction that resulted in the Bank of England losing billions of dollars defending the British pound before having to devalue it. He has controversial investments in places like Colombia, where the banks have been penetrated by drug cartels eager to launder their drug money.In a major court case filed by the law offices of David H. Relkin, Soros has recently been charged with money laundering, bankruptcy fraud, and bid rigging and of having a pattern of money laundering activities that includes the investment in the Colombian bank and using an off-shore tax haven that protects the identity of investors from disclosure. A Soros representative was quoted by the Reuters news agency as saying that the lawsuit was completely without merit.The Soros role in the U.S. housing market collapse continues to be the subject of speculation, interest and even Congressional hearings. The collapse of the financial system in mid-September greatly damaged the electoral chances of John McCain and Sarah Palin, who were ahead in the polls at the time, and paved the way for Obama’s victory.In 2008, Soros was once again on the list of highest-paid hedge fund managers, according to Institutional Investor magazine’s Alpha publication. He made $1.1 billion during the economic collapse and recession.2009 Cliff Kincaid.

SDR FROM IMF LINKS
http://www.imf.org/external/np/exr/facts/sdr.htm

Billionaire and convicted inside trader George Soros has proposed what he calls an annual issue of Special Drawing Rights (SDR) that rich countries would donate for international assistance.The SDR idea is a variation of a global tax to finance more foreign aid. SDRs, created by the International Monetary Fund, have been defined as a form of international reserve currency intended to supplement the existing official reserves of member countries in transactions with the IMF. What Soros proposes would greatly alter and expand their use. As someone who has developed a reputation for practicing financial and economic warfare against the nations of the world, he seems determined to drain more wealth away from the United States.

Clff Kincaid

Special Drawing Rights (SDRs)

The SDR is an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries. SDRs are allocated to member countries in proportion to their IMF quotas. The SDR also serves as the unit of account of the IMF and some other international organizations. Its value is based on a basket of key international currencies.

Why was the SDR created and what is it used for today?
The Special Drawing Right (SDR) was created by the IMF in 1969 to support the Bretton Woods fixed exchange rate system. A country participating in this system needed official reserves—government or central bank holdings of gold and widely accepted foreign currencies—that could be used to purchase the domestic currency in world foreign exchange markets, as required to maintain its exchange rate. But the international supply of two key reserve assets— gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial development that was taking place. Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF. However, only a few years later, the Bretton Woods system collapsed and the major currencies shifted to a floating exchange rate regime. In addition, the growth in international capital markets facilitated borrowing by creditworthy governments. Both of these developments lessened the need for SDRs.Today, the SDR has only limited use as a reserve asset, and its main function is to serve as theunit of account of the IMF and some other international organizations. The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions.

SDR valuation
The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, however, the SDR was redefined as a basket of currencies,today consisting of the euro, Japanese yen, pound sterling, and U.S. dollar. The U.S. dollar-value of the SDR is posted daily on the IMF's website. It is calculated as the sum of specific amounts of the four currencies valued in U.S. dollars, on the basis of exchange rates quoted at noon each day in the London market.

The basket composition is reviewed every five years to ensure that it reflects the relative importance of currencies in the world's trading and financial systems. In the most recent review in November 2005, the weights of the currencies in the SDR basket were revised based on the value of the exports of goods and services and the amount of reserves denominated in the respective currencies which were held by other members of the IMF. These changes became effective on January 1, 2006. The next review by the Executive Board will take place in late 2010.

The SDR interest rate
The SDR interest rate provides the basis for calculating the interest charged to members on regular (non-concessional) IMF loans, the interest paid and charged to members on their SDR holdings, and the interest paid to members on a portion of their quota subscriptions. The SDR interest rate is determined weekly and is based on a weighted average of representative interest rates on short-term debt in the money markets of the SDR basket currencies.

SDR allocations
Under its Articles of Agreement, the IMF may allocate SDRs to members in proportion to their IMF quotas. Such an allocation provides each member with a costless asset on which interest is neither earned nor paid. However, if a member's SDR holdings rise above its allocation, it earns interest on the excess; conversely, if it holds fewer SDRs than allocated, it pays interest on the shortfall. The Articles of Agreement also allow for cancellations of SDRs, but this provision has never been used. The IMF cannot allocate SDRs to itself.

There are two kinds of allocations:

General allocations of SDRs have to be based on a long-term global need to supplement existing reserve assets. General allocations are considered every five years, although decisions to allocate SDRs have been made only twice. The first allocation was for a total amount of SDR 9.3 billion, distributed in 1970-72. The second allocation was distributed in 1979-81 and brought the cumulative total of SDR allocations to SDR 21.4 billion. A proposal for a special one-time allocation of SDRs was approved by the IMF's Board of Governors in September 1997 through the proposed Fourth Amendment of the Articles of Agreement. This allocation would double cumulative SDR allocations to SDR 42.8 billion. Its intent is to enable all members of the IMF to participate in the SDR system on an equitable basis and correct for the fact that countries that joined the Fund after 1981—more than one fifth of the current IMF membership—have never received an SDR allocation. The Fourth Amendment will become effective when three fifths of the IMF membership (111 members) with 85 percent of the total voting power accept it. Currently, 131 members with 77.68 percent of total voting power had accepted the proposed amendment. Approval by the United States, with 16.75 percent of total votes, would put the amendment into effect.

UPDATE 1-Soros wants IMF assets lending to poor countries
Tue Mar 31, 2009 6:00pm BST(Adds further details)By Cecilia Valente

LONDON, March 31 (Reuters) - Billionaire investor George Soros said on Tuesday developing countries should be allowed to borrow from large countries' quotas of international reserve assets issued by the International Monetary Fund (IMS).Speaking at the London School of Economics ahead of the G20 summit, Soros said large countries could lend their quotas of IMF special drawing rights (SDR) to help their financial system's stabilisation. Soros said Eastern Europe was a prime candidate for support. Soros, said the IMF in turn should issue up to $250 billion a year in SDRs for as long as the current recession lasts.An SDR is an international reserve asset, created by the IMF thirty years ago to supplement the existing official reserves of member countries. SDRs are allocated to member countries in proportion to their IMF quotas.

Soros said Eastern Europe was a prime candidate for International Monetary Fund (IMF) support.It would make a tremendous difference to these developing countries, which would then engage in a domestic fiscal stimulus,he said, adding however there should be some control to ensure the help is properly spent.The billionaire investor also noted SDRs should not be seen as a currency:I do not think America is ready to have the dollar replaced by SDRs as the international reserve currency,he said, but added: In the long term it is something that may come in consideration and in the long term it may be in America's interest.He added gold would not be a good base for reserve currency either: We are not going back to a gold standard.

STIGMA

Last week the Times reported Soros as saying it was conceivable for Britain to seek help from the IMF but he said on Tuesday that posibility was extremely remote.Soros said there was still a stigma attached to applying for IMF funds. The concern in the UK shows there is a real stigma that is attached to (borrowing from) the IMF. Thomson Reuters 2009

GLOBAL SOCOLISTS TOAST VICTORY OVER AMERICA
http://www.aim.org/aim-column/global-socialists-toast-victory-over-america/

DECLARATION FROM G-20
http://www.londonsummit.gov.uk/resources/en/PDF/annex-ifi

SOROS TALKS TO MARIA BARTIROMO
http://www.businessinsider.com/soros-calls-the-g20-a-success-2009-4

FINANCIAL SSTABILITY FORUM MEMBERS
http://www.fsforum.org/members/links.htm

The G20 moves the world a step closer to a global currency,The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.By Ambrose Evans-Pritchard 2:06PM BST 03 Apr 2009

A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.

It has been a good summit for the IMF. Its fighting fund for crises is to be tripled overnight to $750bn. This is real money.Dominique Strauss-Kahn, the managing director, said in February that the world was already in Depression and risked a slide into social disorder and military conflict unless political leaders resorted to massive stimulus.He has not won everything he wanted. The spending plan was fudged. While Gordon Brown talked of $5 trillion in global stimulus by 2010, this is mostly made up of packages already under way.But Mr Strauss-Kahn at least has resources fit for his own task. He will need them. The IMF is already bailing out Pakistan, Iceland, Latvia, Hungary, Ukraine, Belarus, Serbia, Bosnia and Romania. This week Mexico became the first G20 state to ask for help. It has secured a precautionary credit line of $47bn.Gordon Brown said it took 15 years for the world to grasp the nettle after Great Crash in 1929. This time I think people will agree that it has been different,he said.President Barack Obama was less dramatic. I think we did OK, he said. Bretton Woods in 1944 was a simpler affair.Just Roosevelt and Churchill sitting in a room with a brandy, that's an easy negotiation, but that's not the world we live in.There will be $250bn in trade finance to kick-start shipping after lenders cut back on Letters of Credit after September's heart attack in the banking system. Global trade volumes fell at annual rate of 41pc from November to January, according to Holland's CPB institute – the steepest peacetime fall on record.Euphoria swept emerging markets yesterday as the first reports of the IMF boost circulated. Investors now know that countries like Mexico can arrange a credit facility able to cope with major shocks – and do so on supportive terms, rather than the hair-shirt deflation policies of the old IMF. Fear is receding again.The Russians had hoped their idea to develop SDRs as a full reserve currency to challenge the dollar would make its way on to the agenda, but at least they got a foot in the door.There is now a world currency in waiting. In time, SDRs are likely evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China. Beijing's moves this week to offer $95bn in yuan currency swaps to developing economies show how fast China aims to break dollar dependence.

French President Nicolas Sarkozy said the summit had achieved more than he ever thought possible, and praised Gordon Brown for pursuing the collective interest as host rather than defending Anglo-Saxon interests. This has a double-edged ring, for it suggests that Mr Brown may have traded pockets of the British financial industry to satisfy Franco-German demands. The creation of a Financial Stability Board looks like the first step towards a global financial regulator. The devil is in the details.

Hedge funds deemed systemically important will come under draconian restraints. How this is enforced will determine whether Mayfair's hedge-fund industry – 80pc of all European funds are there – will continue to flourish.It seems that hedge funds have been designated for ritual sacrifice, even though they played no more than a cameo role in the genesis of this crisis. It was not they who took on extreme debt leverage: it was the banks – up to 30 times in the US and nearer 60 times for some in Europe that used off-books conduits to increase their bets. The market process itself is sorting this out in any case – brutally – forcing banks to wind down their leverage. The problem right now is that this is happening too fast.But to the extent that this G20 accord makes it impossible for the shadow banking to resurrect itself in the next inevitable cycle of risk appetite, it may prevent another disaster of this kind.The key phrase is new rules aimed at avoiding excessive leverage and forcing banks to put more money aside during good times.This is more or less what the authorities agreed after the Depression. Complacency chipped away at the rules as the decades passed. It is the human condition, and we can't change that.