SENATE TURNS ASIDE AUDIT OF FEDERAL RESERVE

Obama offers Russian youth a vision of reset world Tue Jul 7, 2009 9:39am EDT By Guy Faulconbridge

MOSCOW (Reuters) - Barack Obama attempted to bridge the divisions of the Cold War with a new generation of Russian students on Tuesday, outlining a vision of a world made safer by closer ties between the Kremlin and Washington.The U.S. president told students from Moscow's New Economic School the future of Russia and its relations with the United States belonged to them.What kind of future is Russia going to have? What kind of future are Russia and America going to have together? What world order will replace the Cold War? Obama said.Those questions still do not have clear answers, and so now they must be answered by you by your generation in Russia, America, and around the world. You get to decide.But a generation of apathetic young people who were born in the last days of the Soviet Union and who grew up in the chaos of the 1990s may care more about money than better relations with Washington.

The students of the school sat quietly and applauded only at the end of the 31-minute speech, which was delivered late because Obama's meeting with Russia's powerful prime minister, Vladimir Putin, went over time.During other keynote speeches in Prague in April and Cairo in June, Obama was repeatedly applauded. His speech in Moscow was not carried live on the main Russian television channels, showing only on a cable news channel not seen by most.We are maybe the one country in the world where there is no Obamamania, Sergei Markov, a parliamentary deputy from the ruling United Russia party which Putin heads, told Reuters.For us he is not president of the world but the president of the United States of America.

A NEW BEGINNING?

While extending the hand of friendship on cutting nuclear weapons and dealing jointly with North Korea and Iran, Obama also addressed the hangovers from the Soviet Union by warning empires should not treat other countries as chess pieces.In 2009, a great power does not show strength by dominating or demonizing other countries, Obama said. The days when empires could treat sovereign states as pieces on a chess board are over.A gentle way to ease Russia out of its post-imperial stupor, perhaps, but Obama's comments go against the feelings of many in the Russian elite, who pine for the days when the Kremlin was at the very top table of world politics.Many Russian officials see the United States as an empire that has sought to check Russian interests since the 1991 fall of the Soviet Union. Obama or no Obama, they say, the U.S. empire will remain.Russians have heard the promises of democracy and friendship from visiting U.S. leaders for decades, while Russian officials say NATO has expanded eastwards.It was a very positive speech,said Natalya Ignatyeva, a student. I want to see how it works out in better relations.Obama said Georgia and Ukraine should have the right to secure borders and sovereignty and that NATO did not want a confrontation with Russia.The U.S. leader also addressed the rampant corruption that is widespread in every walk of Russian life, from multi-billion energy deals to everyday bribes to teachers and policemen.

Obama was careful to sprinkle his charm carefully through the speech, quoting Russian poet Alexander Pushkin and honoring the Soviet Union's enormous sacrifices in the Second World War.Russia has cut its way through time like a mighty river through a canyon, leaving an indelible mark on human history as it goes,Obama said.As you move this story forward, look to the future that can be built if we refuse to be burdened by the old obstacles and old suspicions.(Additional reporting Oleg Shchedrov and Conor Humphries; Editing by Sophie Hares)

STORMS HURRICANES-TORNADOES

LUKE 21:25-26
25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity;(MASS CONFUSION) the sea and the waves roaring;(FIERCE WINDS)
26 Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.

Tropical Storm Blanca forms off Mexico Elliot Abrams AccuWeather Mon Jul 6, 10:55 am ET

MIAMI – Forecasters say Tropical Storm Blanca has formed in the Pacific off Mexico's western coast.Blanca was located about 410 miles south of the southern tip of Baja California and was moving to the west-northwest at around 10 mph. Forecasters at the National Hurricane Center in Miami expect it to continue in that general direction, away from land, for the next couple of days.The storm's maximum winds were near 45 mph, and some strengthening was expected in the next 24 hours. After that, Blanca is forecast to move into colder waters that should sap its energy.

Spotty rain touches dry Canada province Fri Jul 3, 3:36 pm ET

SASKATOON, Saskatchewan (Reuters) – Most of the drought-stricken Western Canadian province of Alberta received a sprinkling of rain between Thursday evening and Friday morning, but patches of the region got as much as 30 millimeters (1.2 inches).Within a 100-km (62-mile) radius of Edmonton, the provincial capital, spotty rainfall ranging widely between 5 and 30 mm (0.2 and 1.2 inches), said Ralph Wright, soil moisture specialist with the Alberta government.But other dry areas received little rainfall, with the southern city of Calgary getting just 2 to 3 mm (0.08 to 0.12 inches), Grande Prairie collecting less than 2 mm and Red Deer receiving 4 to 6 mm (0.16 to 0.24 inches).What we need is a system to park over Alberta and drop moisture for four to five days,Wright said.However, relief may be on the way. Two U.S.-based meteorologists say the Prairies are in for a wetter month, with average to above-average precipitation [ID:nN02452400].Environment Canada is forecasting rain for most of the next week across most of central Alberta.(Reporting by Rod Nickel; editing by Rob Wilson)

JOAN VEON ON TAMAR YONAH 2008
http://britanniaradio.blogspot.com/2009/07/we-are-already-under-global-government.html#links
UNDERSTANDING WORLD GOVERNMENT
http://www.womensgroup.org/
http://video.google.com/videoplay?docid=504526035342184251
BANK OF INTERNATIONAL SETTLEMENT PRESS
http://www.bis.org/events/agm2009/pcvideo.htm
HISTORY OF WAR AND THE FEDERAL RESERVE
http://video.google.com/videoplay?docid=1874212534444628577&hl=en
OBAMA IN RUSSIA AUDIO
http://live.radioamerica.org/loudwater/player.pl?name=wnd&url=http://feeds.radioamerica.org/podcast/DWP/audio/000007_010677.mp3

Senate Blocks Bill To Audit The Fed As Government Prepares For Second Round Of Looting Paul Joseph Watson Prison Planet.com Tuesday, July 7, 2009

A Senate amendment based on Congressman Ron Paul’s successful House bill to audit the Federal Reserve was blocked by the Senate yesterday evening on procedural grounds, as Jim DeMint slammed the Fed for refusing to disclose where trillions in bailout funds had gone, while a top Obama administration advisor called for a second stimulus package to be prepared.Republican Senator DeMint had attempted to get a provision attached to the 2010 spending bill that would have removed restrictions on auditing the Fed’s discount window operations, funding facilities, open market operations and agreements with foreign central banks and governments.However, the amendment was blocked by Senate authorities who claimed that it violated rules for provisions attached to spending bills.Of course, when the elite want to get their own legislation rammed through, such as the recent climate bill in the House, it’s perfectly fine for Congressmembers to be prevented from even reading it, for it to have 300 pages added at 3am in the morning before the vote, and for all kinds of pork barrel to be attached. But God forbid should representatives actually try to pass something that would benefit the American people and not the private bankers that are beyond all scrutiny and above the law.DeMint said that the Fed has enjoyed a monopoly over money and credit in the United States since 1913 yet has never been transparent or accountable to Congress, while during that time the dollar has lost 95% of its purchasing power.

The Federal Reserve will create and disburse trillions of dollars in response to our current financial crisis,DeMint said.Americans across the nation, regardless of their opinion on the bailout, want to know where the money has gone,he added, referring to the Fed’s refusal to disclose where trillions in bailout funds has gone.Allowing the Fed to operate our nation’s monetary system in almost complete secrecy leads to abuse, inflation and a lower quality of life,said DeMint.A Reuters article about the Senate’s move to block the bill said that the Federal Reserve was facing growing pressure as it tries to heal the ailing economy.In reality, the Federal Reserve has done nothing to heal the economy as unemployment outstrips expectations and the financial picture only looks bleaker every day. The private, run for profit Fed has taken trillions in stimulus funds and refused to even divulge where it has gone, even under threat of lawsuits file by Bloomberg.Meanwhile, people like Ben Bernanke have committed financial terrorism by threatening an economic collapse if the Fed is allowed to be audited.Any real audit of the Fed would of course create a giant roadblock for the Obama administration’s plans to launch a whole new program of looting and grand larceny in the guise of a second stimulus package.We should be planning on a contingency basis for a second round of stimulus,Laura D’Andrea Tyson, a member of the panel advising President Barack Obama on tackling the economic crisis, said on Tuesday,reports CNBC.This is precisely why Senate authorities, bought and paid for by the private bankers that now own the United States, have blocked efforts to audit the Fed, because they know that the fallout will spell disaster for their place on the power peanut gallery and in turn end the ceaseless feasting at the trough of the battered, bruised and shaken-down American taxpayer.

Senate turns aside new attempt to scrutinize Fed
Mon Jul 6, 2009 5:59pm EDT
http://www.youtube.com/watch?v=4tRQHsXujpo&feature=player_embedded

1 of 1Full SizeWASHINGTON (Reuters) - The U.S. Federal Reserve, facing growing pressure as it tries to heal the ailing economy, dodged a bullet on Monday when the U.S. Senate cast aside a new effort to increase scrutiny of the central bank.On procedural grounds, the Senate blocked a bid to permit the U.S. comptroller general, who heads the investigative arm of Congress known as the Government Accountability Office, to audit the Federal Reserve system and issue a report.Republican Senator Jim DeMint, who has been pushing for greater transparency at the Fed, failed to get the provision attached to the must-pass annual spending bill that includes funding for the GAO for the upcoming 2010 fiscal year.The audit would have included details about the Fed's discount window operations, funding facilities, open market operations and agreements with foreign central banks and governments, DeMint said on the Senate floor.The Federal Reserve will create and disburse trillions of dollars in response to our current financial crisis,DeMint said.Americans across the nation, regardless of their opinion on the bailout, want to know where the money has gone.Allowing the Fed to operate our nation's monetary system in almost complete secrecy leads to abuse, inflation and a lower quality of life,he said.Democrats who control the Senate blocked the South Carolina Republican's amendment on the grounds that it violated rules prohibiting legislation attached to spending bills.

Fed officials were not immediately available to comment.

The move comes as some lawmakers have increasingly become wary of the Fed's actions, particularly for its handling of the real estate market and the meltdown of major financial institutions like investment bank Bear Stearns and insurance giant American International Group.A non-binding provision in the fiscal 2010 budget blueprint Congress approved in April called on the Fed to provide more information about collateral posted against Bear Stearns and AIG loans.That measure also sought a study evaluating the appropriate number and costs of the regional Fed banks.The U.S. central bank has a seven-member board in Washington whose members are nominated by the president and confirmed by the Senate. It also has 12 regional banks whose presidents are appointed by banks and other businesses in their local districts, with the consent of the Washington board.(Reporting by Jeremy Pelofsky and Alister Bull, editing by Dan Grebler)

Pope calls for world political authority By Philip Pullella, Reuters
July 7, 2009 10:01 AM

From left, Cardinal Giampaolo Crepaldi, Cardinal Paul Josef Cordes, Cardinal Renato Raffaele Martino, Father Federico Lombardi and professor Stefano Zamagni give a press conference to present Pope Benedict XVI's latest encyclical Caritas in Veritae (Charity in truth) on July 7, 2009 at The Vatican. Caritas in Veritae, a social encyclical on how the global economy should take into account the needs of the poor, is published a day before a G8 summit in L'Aquila and is widely seen as a message by the Pope to the leaders of the world.Photograph by: Vincenzo Pinto, AFP/Getty Images

VATICAN CITY - Pope Benedict on Tuesday called for a world political authority to manage the global economy and for more government regulation of national economies to pull the world out of the current crisis and avoid a repeat.The pope's call for a re-think of the way the world economy is run came in new encyclical which touched on a number of social issues but whose main connecting thread was how the current crisis has affected both rich and poor nations.Called Charity in Truth,parts of the encyclical appeared bound to upset conservatives because of its underlying rejection of unbridled capitalism and unregulated market forces, which he said had led to thoroughly destructive abuse of the system.The pope said every economic decision has a moral consequence and called for forms of redistribution of wealth overseen by governments to help those most affected by crises.Benedict said there is an urgent need of a true world political authority whose task would be to manage the global economy; to revive economies hit by the crisis; to avoid any deterioration of the present crisis and the greater imbalances that would result.Such an authority would have to be regulated by law and would need to be universally recognized and to be vested with the effective power to ensure security for all, regard for justice, and respect for rights.Obviously it would have to have the authority to ensure compliance with its decisions from all parties, and also with the co-ordinated measures adopted in various international forums,he said.The United Nations, economic institutions and international finance all had to be reformed even in the midst of a global recession,he said in the encyclical, a booklet of 141 pages.An encyclical is the highest form of papal writing and gives the clearest indication to the world's 1.1 billion Catholics as well as non-Catholics of what the pope and the Vatican think about specific social and moral issues.

It was addressed to all Catholics as well as all people of good will and was released on the eve of the start of the G8 Summit in Italy and three days before the pope is due to discuss the global downturn with U.S. President Barack Obama.In several sections of the encyclical, Benedict made it clear he had great reservations about a totally free market.The conviction that the economy must be autonomous, that it must be shielded from influences of a moral character, has led man to abuse the economic process in a thoroughly destructive way,he said.In the long term, these convictions have led to economic, social and political systems that trample upon personal and social freedom, and are therefore unable to deliver the justice that they promise,he added.Profit was useful only if it served as a means to a brighter future for all humanity.Once profit becomes the exclusive goal, if it is produced by improper means and without the common good as its ultimate end, it risks destroying wealth and creating poverty,he said.He said the current economic crisis was clear proof of what he branded as pernicious effects of sin in the economy.The economy needs ethics in order to function correctly — not any ethics whatsoever, but an ethics which is people-centred, he said.Financiers must rediscover the genuinely ethical foundation of their activity . . . right intention, transparency, and the search for positive results are mutually compatible and must never be detached from one another,he said.

The pope appeared to back government intervention in correcting errors and malfunctions in the economy, saying one could foresee an increase in the new forms of political participation, nationally and internationally.Today's international economic scene, marked by grave deviations and failures, requires a profoundly new way of understanding business enterprise,he said.In other sections of the encyclical, his first on social issues since his 2005 election, he addressed topics such as development, migration, union rights, terrorism, sexual tourism, population issues, the environment, bioethics, and energy.The encyclical's release was delayed by nearly a year so the pope could address aspects of the current economic crisis.

RAPTURE

2 TIMOTHY 4:2-4
1 I charge thee therefore before God, and the Lord Jesus Christ, who shall judge the quick and the dead at his appearing and his kingdom;
2 Preach the word; be instant in season, out of season; reprove, rebuke, exhort with all longsuffering and doctrine.
3 For the time will come when they will not endure sound doctrine; but after their own lusts shall they heap to themselves teachers, having itching ears;
4 And they shall turn away their ears from the truth, and shall be turned unto fables.

MATTHEW 24:3
3 And as he sat upon the mount of Olives, the disciples came unto him privately, saying, Tell us, when shall these things be? and what shall be the sign of thy coming, and of the end of the world?

LUKE 21:28
28 And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.

RAPTURE OF THE CHURCH TO HEAVEN. MEETING CHRIST IN THE CLOUDS!

REVELATION 4:1-2
1 After this I looked, and, behold, a door was opened in heaven: and the first voice which I heard was as it were of a trumpet talking with me; which said, Come up hither, and I will shew thee things which must be hereafter.
2 And immediately I was in the spirit: and, behold, a throne was set in heaven, and one sat on the throne.

1 THESSALONIANS 4:13-18
13 But I would not have you to be ignorant, brethren, concerning them which are asleep, that ye sorrow not, even as others which have no hope.
14 For if we believe that Jesus died and rose again, even so them also which sleep in Jesus will God bring with him.
15 For this we say unto you by the word of the Lord, that we which are alive and remain unto the coming of the Lord shall not prevent them which are asleep.
16 For the Lord himself shall descend from heaven with a shout, with the voice of the archangel, and with the trump of God: and the dead in Christ shall rise first:
17 Then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord.
18 Wherefore comfort one another with these words.

1 CORINTHIANS 15:51-55
51 Behold, I shew you a mystery; We shall not all sleep, but we shall all be changed,
52 In a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed.
53 For this corruptible must put on incorruption, and this mortal must put on immortality.
54 So when this corruptible shall have put on incorruption, and this mortal shall have put on immortality, then shall be brought to pass the saying that is written, Death is swallowed up in victory.
55 O death, where is thy sting? O grave, where is thy victory?

REBUILT 3RD TEMPLE (THE EU DICTATORS TEMPLE)

ISAIAH 30:10-15
10 Which say to the seers, See not; and to the prophets, Prophesy not unto us right things, speak unto us smooth things, prophesy deceits:
11 Get you out of the way, turn aside out of the path, cause the Holy One of Israel to cease from before us.
12 Wherefore thus saith the Holy One of Israel, Because ye despise this word, and trust in oppression and perverseness, and stay thereon:
13 Therefore this iniquity shall be to you as a breach ready to fall, swelling out in a high wall, whose breaking cometh suddenly at an instant.
14 And he shall break it as the breaking of the potters’ vessel that is broken in pieces; he shall not spare: so that there shall not be found in the bursting of it a sherd to take fire from the hearth, or to take water withal out of the pit.
15 For thus saith the Lord GOD, the Holy One of Israel; In returning and rest shall ye be saved; in quietness and in confidence shall be your strength: and ye would not.
16 But ye said, No; for we will flee upon horses; therefore shall ye flee: and, We will ride upon the swift; therefore shall they that pursue you be swift.

REVELATION 11:1-2
1 And there was given me a reed like unto a rod: and the angel stood, saying, Rise, and measure the temple of God, and the altar, and them that worship therein.
2 But the court which is without the temple leave out, and measure it not; for it is given unto the Gentiles: and the holy city shall they tread under foot forty and two months.

DANIEL 9:27
27 And he( THE ROMAN,EU PRESIDENT) shall confirm the covenant with many for one week:(1X7=7 YEARS) and in the midst of the week he shall cause the sacrifice and the oblation to cease,(3 1/2 yrs in TEMPLE SACRIFICES STOPPED) and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate.

REBUILT 4TH TEMPLE (THE TRUE MESSIAHS TEMPLE)

ZECHARIAH 6:12-13
12 And speak unto him, saying, Thus speaketh the LORD of hosts, saying, Behold the man whose name is The BRANCH; and he shall grow up out of his place, and he shall build the temple of the LORD:
13 Even he shall build the temple of the LORD; and he shall bear the glory, and shall sit and rule upon his throne; and he shall be a priest upon his throne: and the counsel of peace shall be between them both.

ISAIAH 60:9-10
9 Surely the isles shall wait for me, and the ships of Tarshish first, to bring thy sons from far, their silver and their gold with them, unto the name of the LORD thy God, and to the Holy One of Israel, because he hath glorified thee.
10 And the sons of strangers shall build up thy walls, and their kings shall minister unto thee: for in my wrath I smote thee, but in my favour have I had mercy on thee.

ISAIAH 2:1-5
1 The word that Isaiah the son of Amoz saw concerning Judah and Jerusalem.
2 And it shall come to pass in the last days, that the mountain of the LORD's house shall be established in the top of the mountains, and shall be exalted above the hills; and all nations shall flow unto it.
3 And many people shall go and say, Come ye, and let us go up to the mountain of the LORD, to the house of the God of Jacob; and he will teach us of his ways, and we will walk in his paths: for out of Zion shall go forth the law, and the word of the LORD from Jerusalem.
4 And he shall judge among the nations, and shall rebuke many people: and they shall beat their swords into plowshares, and their spears into pruninghooks: nation shall not lift up sword against nation, neither shall they learn war any more.
5 O house of Jacob, come ye, and let us walk in the light of the LORD.

MARK 11:9-10,15-17
9 And they that went before, and they that followed, cried, saying, Hosanna; Blessed is he that cometh in the name of the Lord:
10 Blessed be the kingdom of our father David, that cometh in the name of the Lord: Hosanna in the highest.
15 And they come to Jerusalem: and Jesus went into the temple, and began to cast out them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves;
16 And would not suffer that any man should carry any vessel through the temple.
17 And he taught, saying unto them, Is it not written, My house shall be called of all nations the house of prayer? but ye have made it a den of thieves.

EZEKIEL 40 TO 48 IS THIS 4TH TEMPLE TO BIG FOR THE MOUNT I BELIEVE TO BE BUILT 25 MILES FROM JERUSALEM.

Israeli archaeologists discover ancient quarry By JEN THOMAS, Associated Press Writer – Mon Jul 6, 3:51 pm ET

JERUSALEM – Israeli archaeologists have uncovered an ancient quarry where they believe King Herod extracted stones for the construction of the Jewish Temple 2,000 years ago, the Israel Antiquities Authority said Monday. The archaeologists believe the 1,000-square-foot (100-square-meter) quarry was part of a much larger network of quarries used by Herod in the city.The biggest stones extracted from the quarry would have measured three yards (meters) long, two yards (meters) across, and two yards (meters) high.The archaeologists said the size of the stones indicates they could have been used in the construction of the Temple compound, including the Western Wall, a retaining wall that remains intact and is a Jewish shrine.The dimensions of the stones that were produced in the quarry that was revealed are suitable for the Temple walls,said Ofer Sion, the dig's director.The two-week excavation, which was conducted before construction begins on an apartment complex at the site, also uncovered pottery, coins and what appear to be tools used in the quarry dating to the first century B.C.Finding a large quarry related to the largest building project ever undertaken in Jerusalem ... that's more than just another discovery, said archaeologist Aren Maeir of Bar-Ilan University, who was not involved in the excavation.It's an additional block that slowly reveals the picture of construction in ancient Jerusalem.Herod was the Roman-appointed king of the Holy Land from 37 B.C. to 4 B.C. and was known for his many major building projects, including the rebuilding of the Jewish Temple. The Second Temple was destroyed in A.D. 70 by Roman legions following a Jewish revolt.Excavation at the site is almost complete, and the Israel Antiquities Authority says construction of the apartments will begin in the coming weeks.Because of the amount of ancient remains in Israel, builders are required to carry out a salvage excavation before beginning construction. Such digs regularly turn up important finds.

Israeli FM praises Biden on Iran stand By Mark Lavie, Associated Press Writer – Mon Jul 6, 1:38 pm ET

JERUSALEM – Israel's hard-line foreign minister on Monday welcomed Vice President Joe Biden's statement that Israel can make its own decision about whether to attack Iran's nuclear facilities, calling it logical.But other Israeli leaders avoided comment, a low-key reaction that suggested Israel did not see Biden's comments as a green light to strike against its biggest Mideast rival. President Barack Obama underlined that diplomacy with Iran remains an option.Israel considers Iran a strategic threat because of its nuclear program and long-range missile development, dismissing Iranian denials that it intends to build nuclear weapons. Israel has been nervous over the Obama administration's attempts to engage Iran, and Israel has pointedly sent clear signals of its military capabilities while urging world action to rein in Tehran.Meanwhile, the U.S. goal of dialogue with Tehran has been rattled by Iran's heavy crackdown on protesters in the country's disputed presidential election, though Washington says it still hopes the policy will bear fruit.

Interviewed by ABC-TV on Sunday, Biden appeared to depart from his previous comment that an Israeli attack on Iran would be ill-advised.Asked about the possibility of an Israeli attack against Iran's nuclear facilities, Biden replied Sunday,Israel can determine for itself — it's a sovereign nation — what's in their interest and what they decide to do relative to Iran and anyone else.The White House said Biden's remarks did not signal a shift in U.S. policy. In an interview published by the New York Times on Monday, President Barak Obama indicated the diplomatic option was still viable.We have offered a pathway for Iran to rejoining the international community, he was quoted as saying.Israeli Foreign Minister Avigdor Lieberman's response to Biden's comments was relatively measured.I think he said things that are very logical,he said.Israel is a sovereign state and at the end of the day, the government of Israel has sole responsibility for its security and future, not anybody else.

Sometimes there are disputes between friends, but at the end of the day the decision is ours,he said.Israeli Prime Minister Benjamin Netanyahu's office has refused to comment, underlining Israel's sensitive position on Iran and on U.S. policy toward Tehran.Israel, which is widely believed to have a nuclear arsenal of its own, says it would likely be targeted by Iran, based on repeated statements by Iranian President Mahmoud Ahmadinejad referring to Israel's destruction.But even Israeli hawks like Lieberman recognize the limitations of an Israeli strike. Israel destroyed Iraq's nuclear reactor in a 1981 airstrike, but experts do not believe Israel can do the same with Iran's nuclear operations, which are spread around the country, some of them hidden and heavily fortified.Israel would also have to take into account the desires of the U.S., Israel's most important political and military ally.The top U.S. military officer, Navy Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, warned Sunday of the danger of an Iranian nuclear weapon — and of the fallout from an attack against Iran.I worry about it being very destabilizing not just in and of itself but the unintended consequences of a strike like that,he told CBS TV.Netanyahu has been warning about the dangers of the Iranian nuclear program for years, calling for intensive world action to stop it. Israeli Defense Minister Ehud Barak, leader of the dovish Labor Party, speaks frequently of leaving all of Israel's options open.

Israel has sent several military signals to Iran.

This week an Israeli submarine said by foreign experts to have the capability of carrying nuclear-tipped missiles returned to the Mediterranean after crossing to the Red Sea in the direction of Iran, a mission seen as a warning. Also, Israel has held air force maneuvers that were described unofficially as practicing an attack on Iranian targets.Lieberman, who has advocated radical military responses to a range of challenges over the years, could be expected to beat the drum for an Israeli attack on Iran.Instead, he has voiced a contrasting concern — that Israel might be expected to do the world's dirty work by hitting Iran, leaving the world community free to criticize Israel afterward, as happened after the attack on Iraq in 1981. During a visit to Russia, Lieberman said, We do not intend to bomb Iran, and nobody will solve their problems with our hands.

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.

THE WEEK OF DANIEL 9:27 WE KNOW ITS 7 YRS

Heres the scripture 1 week = 7 yrs Genesis 29:27-29
27 Fulfil her week, and we will give thee this also for the service which thou shalt serve with me yet seven other years.
28 And Jacob did so, and fulfilled her week: and he gave him Rachel his daughter to wife also.
29 And Laban gave to Rachel his daughter Bilhah his handmaid to be her maid.

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.

WORLD GOVERNMENT

EPHESIANS 6:10-13
10 Finally, my brethren, be strong in the Lord, and in the power of his might.
11 Put on the whole armour of God, that ye may be able to stand against the wiles of the devil.
12 For we wrestle not against flesh and blood, but against principalities,(DEMONIC ANGELS IN HIGH PLACES) against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.(SPIRTIUAL DEMONIC PERSONS)
13 Wherefore take unto you the whole armour of God, that ye may be able to withstand in the evil day, and having done all, to stand.

LUKE 4:5-7(BECAUSE SATAN OFFERS WORLD POWER, WORLD ORDERERS HAVE ACCEPTED SATANS GIFT)
5 And the devil, taking him (JESUS) up into an high mountain, shewed unto him all the kingdoms of the world in a moment of time.
6 And the devil said unto him, All this power will I give thee, and the glory of them: for that is delivered unto me; and to whomsoever I will I give it.
7 If thou therefore wilt worship me, all shall be thine.

DANIEL 7:23-25
23 Thus he said, The fourth beast shall be the fourth kingdom upon earth, which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.
24 And the ten horns out of this kingdom are ten kings that shall arise: and another shall rise after them; and he shall be diverse from the first, and he shall subdue three kings.
25 And he 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.

DANIEL 12:4,1
4 But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased.
1 And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book.

REVELATION 13:1-3,7,8,12,16-18
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.
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.
3 And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.
7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.
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.
12 And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed.
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
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.

REVELATION 17:3,7,9-10,12,18
3 So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns.
7 And the angel said unto me, Wherefore didst thou marvel? I will tell thee the mystery of the woman, and of the beast that carrieth her, which hath the seven heads and ten horns.
9 And here is the mind which hath wisdom. The seven heads are seven mountains, on which the woman sitteth.
10 And there are seven kings: five are fallen, and one is, and the other is not yet come; and when he cometh, he must continue a short space.
12 And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
18 And the woman which thou sawest is that great city, which reigneth over the kings of the earth.

We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.James Paul Warburg appearing before the Senate on 7th February 1950

Like a famous WWII Belgian General,Paul Henry Spock said in 1957:We need no commission, we have already too many. What we need is a man who is great enough to be able to keep all the people in subjection to himself and to lift us out of the economic bog into which we threaten to sink. Send us such a man. Be he a god or a devil, we will accept him.And today, sadly, the world is indeed ready for such a man.

From The Times July 6, 2009 Gordon Brown helped by European leaders keen to ratify Lisbon treaty(Charlie Bibby/POOL/The Times)Gordon Brown has been showered with praise in France-Sam Coates, Chief Political Correspondent; Charles Bremner in Paris

European leaders are so desperate for Gordon Brown to stay in power until after the Lisbon treaty comes into force that they are willing to make compromises to shore up his political position, The Times has learnt.The Prime Minister will be able to test the limits of this new power today when he travels to Evian in France with Lord Mandelson for a one-day summit with President Sarkozy. Four days later he will meet other European heads of government, alongside President Obama, at the G8 summit in L’Aquila, Italy.The most powerful figure in French foreign policy has already showered praise on Mr Brown, singling out his invention of the expression entente formidable as a sign of the two countries’ closeness. Jean-David Levitte, President Sarkozy’s chief adviser on foreign policy, called it inspired and an improvement on entente cordiale which he called a bit minimaland old-fashioned-sounding.He also expressed regret about David Cameron’s decision to take the Conservatives out with the main centre-right grouping in the Europe Parliament, the EPP.Diplomatic sources told The Times that Mr Brown’s position with European leaders is enhanced because they fear that a leadership challenge and early election could sink the treaty, due to come into force by Christmas. The Conservatives are committed to a referendum if they are elected before it is ratified.

Mr Brown will use the summit to challenge the French President over asylum-seekers at Calais, as well as discussing nuclear power, Anglo-French collaboration on big infrastructure projects and progress towards a new environmental settlement in Copenhagen this year.Diplomatic sources have told The Times that Mr Brown’s negotiating position with other European leaders is enhanced because they fear that a leadership challenge and early general election this yearcould sink the treaty, due to come into force by Christmas. The Conservatives are committed to a referendum on Lisbon if they are elected before it is ratified.If the public were to vote no, in line with opinion polls, the European Union Amendment Act 2008, by which the Lisbon Treaty was approved, will be suspended and repealed, which European leaders believe would plunge the EU into crisis.Four countries have yet to approve the treaty. Irish voters rejected it last year but are expected to vote yes in a second referendum in October. The President of the Czech Republic has not given the treaty his assent, although diplomats regard this as less of a stumbling block. Germany and Poland have also not deposited the instruments of ratification in Rome the final stage of approving the treaty but these hurdles are believed to be largely formalities.

Although European diplomats will not compromise their negotiating red lines for Mr Brown’s political position, they will be willing to shape the agenda to make it more palatable for a domestic British audience.This could include, they suggested, prioritising discussion of the EU’s green agenda in future meetings.President Sarkozy’s team have been showering praise on Gordon Brown and on the state of Franco-British relations. The chemistry between the two men is said to be exceedingly good with Mr Levitte has talked in glowing terms of the all-important human factor in their rapport. Understanding between the two historic European powers has reached a state of unprecedented harmony, said Mr Levitte.Asked about Mr Sarkozy’s relations with David Cameron, Sarkozy’s adviser says that the two know one another well. However, he added: Nicolas Sarkozy regrets that the UK Conservatives decided to leave the PPE group in the European Parliament.He went out of his way to stress that Sarkozy's full attention was devoted to Gordon Brown as Prime Minister and leader of the nation.As well as Lord Mandelson, Mr Brown will be accompanied in France by David Miliband, foreign secretary, Ed Miliband, energy and environment secretary, Bob Ainsworth, defence secretary, Lady Kinnock, europe minister and Phil Woolas, the immigration minister.Mr Woolas and his French counterpart are likely to agree to jointly fund immigration and asylum facilities in Calais, The Times understands. France wants Britain to do more to diminish the attraction that the UK exerts on would-be immigrants.The British and French are keen to push a project at the G8 later in the week for stabilising oil prices. They want a mechanism to limit volatility.

One of the most likely areas of conflict, however, will be the recession, with Sarkozy adamant that the crisis is far from over. He is warning other leaders to guard against premature optimism about green shoots and new dawns.Mr Ainsworth and Lord Mandelson will discuss the future of the new Airbus A400M military transport plane amid rumours that Britain may drop out of the seven nation consortium backing the plan.France and Germany are pushing for a six-month delay to allow for fresh negotiations with Airbus, but Britain is concerned by the extra costs.Does Britain want to get out of the programme? The answer as far as we know is no, said an aide to President Sarkozy, who spoke on condition of anonymity.The cost of abandoning the project would be higher than that of pursuing it. There is convergence on this undertaking but there are difficulties on dividing up the bill,he added. Despite the new closeness, however, the Elysée Palace is being careful to avoid giving the impression that Sarkozy might be backing away from his freshly revived special relationship with Germany.The Franco-German entente remains the motor of Europe that is vital for recovery when Europe breaks down,said Mr Levitte.

Another roadblock for the EU’s treaty, a German court
5 July 2009 - Issue : 841

The President of Czech Republic Vaclav Klaus. Even while his country held the rotating presidency of the European Union, he was one of its staunchest critics and hasn’t said if he will sign its fledging constitution, the long-stalled Lisbon Treaty
ANA/EPA/PAWEL KULA .The EU’s drive to get any sort of a constitution, defeated in France and the Netherlands when it was rejected by voters in 2005, and kicked back in its new form last year in Ireland, has run into a new obstacle after Germany’s top court ruled that the Lisbon Treaty is compatible with German law, but said parliament’s role must be strengthened before it can formally be ratified. German opponents of the treaty, which is designed to streamline the running of the European Union, challenged it in the constitutional court, arguing that the document undermined German sovereignty. Both houses of the German parliament have endorsed the treaty, which was signed by EU leaders in 2007. But President Horst Koehler withheld his signature pending the decision by the top court. The Basic Law says yes to the Lisbon Treaty, but demands a strengthening of parliamentary responsibilities at the national level,said the court’s Vice President, Andreas Vosskuhle. Only when this happened could ratification be completed, Vosskuhle said in reading out the 150-page judgment.The court is optimistic the final hurdle before ratification will be cleared quickly,he added.

In response to the court decision, the German lower house, or Bundestag, agreed to meet in August to draft a law giving parliament more powers in matters related to EU affairs. A second reading of the bill is scheduled for September 8, less than three weeks before the nation goes to the polls on September 27. Chancellor Angela Merkel said she was optimistic the ratification process would be completed before the general election. The legal challenge to the treaty was mounted by more than 50 federal legislators, among them Peter Gauweiler, a maverick deputy in the Christian Social Union (CSU), the Bavarian sister party of Merkel’s Christian Democrats. The Left Party also sought an injunction against the treaty, claiming it breached parliamentary rights.Outright rejection of the treaty by the German court would have sounded a death knell for the future of the 27 EU states’ reform process. In addition to Germany, three other countries - Poland, the Czech Republic and Ireland - have still to approve the treaty before it can come into force at the start of 2010. The biggest hurdle is likely to be a second public referendum on the treaty in Ireland, after voters there rejected it in June 2008.The Lisbon Treaty replaced the earlier proposed EU constitution, which was vetoed by French and Dutch voters in referendums in 2005. The treaty would, among other reforms, create a post of president of the European Union, and a permanent high representative for foreign affairs, and bring in more qualified majority voting. EU Commission President Jose Manuel Barroso, welcomed the German court ruling, but couldn’t explain why.

I am confident that, with this judgment, the court has cleared the way for a swift conclusion of the German ratification,he said in a statement released in Brussels.I am confident that we can complete the process of ratification of the Treaty of Lisbon in all countries by the autumn,he added.Swedish Foreign Minister Carl Bildt, whose country took over the EU presidency on July 1, told journalists in Sweden that the court decision is not a big sensation.He said it would not influence the presidency timetable and that it was not necessarily a bad thing to strengthen the role of parliament. In its ruling, the court noted the German parliament had not been accorded sufficient rights of participation in European lawmaking procedures and treaty amendment procedures.It said the process of European unity should not be allowed to undermine the ruling democratic order in Germany.Members of the EU should have sufficient scope for political decision making in relation to economic, cultural and social living conditions, it said. In particular, this applied to criminal law, police issues, the military, tax matters, social expenditure and family law, the judges wrote in their ruling. But the treaty, which beefs up governing structures in the 27-nation European Union from next year, still faces hold-ups in four nations with only half a year left to go until it is targeted to take effect. Besides the new German problem, Ireland is expected to hold a fresh referendum in early October. Irish voters rejected the Lisbon Treaty in June 2008 by a majority of 53.4 percent, but polls suggest that EU assurances of no interference in key Irish policies will sway voters to vote yes this time.Ratification by the Czech Republic is being held up by President Vaclav Klaus. The Eurosceptic president has said he would not reconsider unless all the other nations have ratified. He described the recent verdict by Germany’s top court that the stalled EU Lisbon treaty was compatible with the country’s constitution as both toothless and predictable.

Klaus, probably the most Eurosceptic head of state within the EU, slammed that verdict in a first-person editorial piece. I do not believe that it is possible to annul the known defects of the Lisbon Treaty by an accompanying law,Klaus wrote in the Mlada Fronta Dnes daily. That would have been too simple, the op-ed continued. The vast shift of competences and decision-making mechanisms in the EU cannot be changed by this law.The Lisbon Treaty has been stalled since Irish voters rejected it in a June 2008 referendum. The EU hopes that a new Irish vote in October would bring the pact back to life. All 27 members must ratify it before it comes to force, but only Ireland has put it to a plebiscite.Klaus, whose signature is required to complete the Czech ratification, called the verdict a result known in advance.He also wrote that the judges based their decision on the dominant paradigm of beneficial influence of deeper European integration.Klaus, who rejects the treaty as a threat to national sovereignty and an inconvenient deal for small EU countries, is dragging out its ratification in the Czech Republic. The Czech bicameral parliament finished voting on the accord in May. But Klaus said that he would make up his mind on whether to ink the pact only after all other EU members complete ratification. In Poland, another Eurosceptic, President Lech Kaczynski, has held off putting his signature on ratifying legislation. He says he is waiting to see whether the Irish vote in favour of the Lisbon Treaty in their referendum. While January 1, 2010 is not legally prescribed as a deadline, it is politically important as a target to stop the process unraveling. The majority of national parliaments have approved the treaty without holding any referendums. After years of wrangling, the European Union has been hoping it can end this year in a more upbeat mood.The plan so far has been to hold a summit in late October celebrating the Irish yes to the treaty.

Barroso nomination delayed until autumn JULY 6,09

El Mundo reports that the European Parliament has delayed its vote on Barroso until the autumn. Swedish President Fredrik Reinfeldt, who currently holds the presidency of the EU, said we have spoken with various group leaders and there will not be a decision on Barroso in the European Parliament in July.Meanwhile, Liberation reports that Daniel Cohn-Bendit (co-leader of the European Greens) has suggested several people who would be much better than Barroso for the post of European Commission President. They include Mary Robinson, previously Human Rights Advisor to the UN; ex-Belgian PM Guy Verhofstandt; current French PM Francois Fillon; or former EU Commissioner Chris Patten.

Monday, 6 July 2009 THE LAW ON TREATIES

Someone I know within the anti-EU campaign has been studying the Vienna Convention on Treaties in relation to the convoluted and extremely confusing document, which is the Lisbon Treaty, and has written to the UN leader about it.In a two page letter to Ban Ki-Moon one section of the letter pointed out: Having looked at the Vienna Convention on the Law of Treaties, I took particular note of Article 31, and in particular section 1, General rule of interpretation, Article32, Supplementary means of interpretation, Article 40 Amending Treaties, Article 49, Fraud and others up to Article 62. These articles are in this Treaty for a purpose. Long lasting Treaties should be honestly written and clear so that all involved can understand the true meaning of them for these are meant to be long lasting and binding, therefore great trouble should be taken in the drawing up of the Treaties-the previous now abandoned EU Constitution took longer than two years. All should understand fully in complete truthfulness and in complete understanding so that in the ratification and the people that they apply to can understand them fully.Many people in this country see the abandonment of our sovereignty and the handing over of governance to the EU to be illegal as it is treason – which there can be no denial. The trouble is trying to get any authority to take this seriously as those who hold the power to do so are the ones committing the crime of treason – it’s like asking a thieving policeman to arrest himself.

However, if you read the above section of the Vienna Convention and apply it to the Lisbon Treaty which was deliberately drawn up so that no one can understand it, the EU has actually committed a crime under international law as laid down by the UN.It seems that Ban Ki-Moon nor anyone else from the UN bothered to responded to my friend, the letter writer, but what if Bank Ki-Moon found a sudden flood of letters quoting the above passage? would the UN be obliged to take the EU to task over the confusing wording of the Lisbon Treaty? Just in case you are inspired to do a bit of letter writing, here is his address: His Excellency Ban Ki-Moon, Secretary General, United Nations, New York, USA.Posted by Derek Bennett EU-Sceptic at 14:20

Aftershocks put summit in jeopardy-Silvio Berlusconi faces embarrassment over unready conference site for G8 summit in L’Aquila and further showgirl photos By Jack Bremer FIRST POSTED JULY 6, 2009

The Italian Prime Minister Silvio Berlusconi faces further derision as a series of aftershocks have rocked the Italian town of L'Aquila, where the G8 summit is due to be held this week having been moved from Sardinia. The tremors in recent days have reached 4.1 on the Richter scale, reportedly sending crockery crashing to the floor in the police barracks hastily remodeled to accommodate the G8 delegations. Many observers felt it was bizarre decision of Berlusconi's to move the summit there following the earthquake in April which left 300 dead, 53,000 homeless and the medieval town in ruins. As a result of the aftershocks, all the leaders' helicopters will have to be on permanent standby for a swift evacuation in the event of a new quake.Even without the aftershocks, preparations for the summit appear chaotic. A reporter who visited the town for the Guardian on Saturday found the area looking like a war zone, with workmen labouring frantically to ready the site for the two-day summit starting Wednesday. At Berlusconi's insistence, a basketball court had been created for President Obama's use, but was not actually ready.As for how the G8 delegations will get to L'Aquila, the reporter discovered that they have to fly into a tiny airport converted from a flying club. It is ringed by mountains and the first planes to touch down last week were having to make spine-tingling turns in order to line up with the runway.

Little wonder that the First Wives are reported to be planning to stay in Rome and have nothing to do with the trip to the conference proper in L'Aquila. According to a report in the Mail on Sunday, given the absence of Mrs Berlusconi, Veronica Lario. who is seeking a divorce from the PM, the leaders' spouses will be looked after by Italy's Equal Opportunities Minister, former calendar girl Mara 'La Bella' Carfagna. While this may cheer up German Chancellor Angela Merkel's husband, Joachim Sauer, it will probably not impress Carla Bruni, Sarah Brown, Michelle Obama et al.Meanwhile, Berlusconi faces yet further embarrassment over showgirl photographs taken at his Sardinian holiday home, the Villa Certosa. Several European magazines are reported to be bidding for the photos by Antonello Zappadu, which are said to show the prime minister grinning broadly while two young women put on a 'lesbian clinch' for his benefit.

SINS OF PEOPLE

2 TIMOTHY 3:1-5
1 This know also, that in the last days perilous times shall come.
2 For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy,
3 Without natural affection, trucebreakers, false accusers, incontinent, fierce, despisers of those that are good,
4 Traitors, heady, highminded, lovers of pleasures more than lovers of God;
5 Having a form of godliness, but denying the power thereof: from such turn away.
6 For of this sort are they which creep into houses, and lead captive silly women laden with sins, led away with divers lusts,
7 Ever learning, and never able to come to the knowledge of the truth.

DECIEVERS WAXING WORSE AND WORSE.

2 TIMOTHY 3:13
13 But evil men and seducers shall wax worse and worse, deceiving, and being deceived.

MORE SIN SIGNS

EPHESIANS 5:5-8
5 For this ye know, that no whoremonger, nor unclean person, nor covetous man, who is an idolater, hath any inheritance in the kingdom of Christ and of God.
6 Let no man deceive you with vain words: for because of these things cometh the wrath of God upon the children of disobedience.
7 Be not ye therefore partakers with them.
8 For ye were sometimes darkness, but now are ye light in the Lord: walk as children of light:

Dowd pays for Caribou Barbie jibe JULY 6,09

A no-holds-barred column by Maureen Dowd in the New York Times prompts a backlash from supporters of Sarah Palin By Jack BremerFIRST POSTED JULY 6, 2009

A withering column by Maureen Dowd in the New York Times about Sarah Palin's sudden decision to quit as Governor of Alaska has got other American columnists and bloggers rushing to defend last year's Republican vice-presidential candidate. Dowd is invariably acerbic, but she really let rip on Saturday: Sarah Palin showed on Friday that in one respect at least, she is qualified to be president. Caribou Barbie is one nutty puppy.Attacking Palin's girlish burbling, she wrote: On the shore of Lake Lucille, with wild fowl honking and the First Dude smiling... the woman who took the Republican Party by storm only 10 months ago gave an incoherent, breathless and prickly stream of consciousness to a small group in her Wasilla yard. What looked like a secret wedding turned out to be a public unraveling as the GOP implosion continued: Sarah wanted everyone to know that she's not having fun and people are being mean to her and she doesn't feel like finishing her first term as governor.What happened to the woman who hunts wolves from the air and can field-dress a moose, Dowd asked. Palin's dewy skin turned out to be awfully thin.The backlash began immediately. Andrew Brietbart in the Washington Times accused Dowd of bullying. She was, he said, seeking to finish off what sister snipers Katie Couric and Tina Fey began last fall namely the assassination of Sarah Palin by media.Dowd, Couric and Fey were Obama's Angels, said Brietbart.They are what my wife calls pad throwers, an allusion to the shower room scene in the Stephen King film Carrie, in which the popular girls throw sanitary napkins and tampons at the film's namesake.Simply put, they are bullies. And female bullies are the cruelest kind.

Jan Tyler, writing for Examiner.com, said the joke was on Maureen Dowd who cannot see that it is she who looks like one nutty puppy to most people, who do not live in pricey enclaves and attend fancy parties with the swells.Tyler went on: Think, as your average voter might, who looks battier. A stable, long married Sarah Palin, or a thin-lipped, acerbic Maureen Dowd. A dewy-skinned Palin, still firm and slender, or a prudish, crepe-skinned, droopy-bosomed Dowd? You can almost hear her cackle like the Wicked Witch of the West as she tried to lock Sarah away from the world.Dowd had wondered if there was another scandal in the offing. This is a point made by several online commentators and it led to Palin's lawyer, Thomas Van Flein, threatening legal action against bloggers and American publications that reprint the allegations, which he said, Palin strongly denies.To the extent several websites ... are now claiming as fact that Governor Palin resigned because she is under federal investigation' for embezzlement or other criminal wrongdoing, we will be exploring legal options this week to address such defamation,said Van Flein.He told the Anchorage Daily News that he was unaware of any criminal investigation involving Mrs Palin, an assertion supported by the local office of the FBI.

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 TUE JULY 07,2009

09:30 AM -3.17
10:00 AM -40.45
10:30 AM -70.43
11:00 AM -82.07
11:30 AM -80.75
12:00 PM -90.41
12:30 PM -100.89
01:00 PM -102.93
01:30 PM -78.44
02:00 PM -81.54
02:30 PM -83.36
03:00 PM -115.55
03:30 PM -140.79
04:00 PM -161.27 8163.60

S&P 500 881.03 -17.69

NASDAQ 1746.17 -41.23

GOLD 925.00 +0.70

OIL 62.48 -1.47

TSE 300 9844.35 -183.08

CDNX 1069.56 +4.93

S&P/TSX/60 596.10 -11.31

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow -5.14%
S&P -0.50%
Nasdaq +13.34%
TSX Advances 427,declines 1,119,unchanged 215,Volume 1,867,381,978.
TSX Venture Exchange Advances 260,Declines 513,Unchanged 351,Volume 171,875,478.

Dow -18 points at 4 minutes of trading today.
Dow -70 points at low today.
Dow +2 points at high today so far.
GOLD opens at $929.00.OIL opens at $64.27 today.

AFTERNOON,NEWS,STATS
Dow -115 points at low today so far.
Dow +2 points at high today so far.

DAY TODAY PERFORMANCE - 12:30PM STATS
NYSE Advances 958,declines 2,503,unchanged 100,New Highs 14,New Lows 40.
Volume 2,010,452,517.
NASDAQ Advances 916,declines 1,607,unchanged 93,New highs 11,New Lows 12.
Volume 770,428,990.
TSX Advances 434,declines 851,unchanged 242,Volume 903,562,342.
TSX Venture Exchange Advances 198,Declines 314,Unchanged 263,Volume 89,265,436.

WRAPUP,NEWS,STATS
Dow -170 points at low today.
Dow +2 points at high today.
Dow -1.94% today Volume 210,875,264.
Nasdaq -2.31% today Volume 1,910,845,529.
S&P 500 -1.97% today Volume N/A

WORLD ECONOMIC FORUM LAUNCHES GLOBAL TRADING INDEX
http://www.cnbc.com/id/15840232?video=1174052677&play=1
ROSS NO RECOVERY TILL 2010
http://www.moneynews.com/streettalk/economic_recovery/2009/07/06/232235.html?s=al&promo_code=82C7-1
BRACE FOR OCT STOCK CRASH
http://www.cnbc.com/id/15840232?video=1173993659&play=1
THE GREAT AMERICAN BUBBLE MACHINE-MARKET MANIPULATION
http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#
PICKENS CAP AND TRADE
http://www.cnbc.com/id/15840232?video=1174038948&play=1
http://www.cnbc.com/id/15840232?video=1174065674&play=1
WORLD BANK-IMF SPRING MEETING RESULTS
http://www.brettonwoodsproject.org/art-564362
WORLD BANK INTERNAL GOVERNANCE
http://siteresources.worldbank.org/DEVCOMMINT/Documentation/22148563/DC2009-0004(E)InternalGovernance.pdf
G-20 COMMUNIQUE FROM LONDON SUMMIT
http://www.londonsummit.gov.uk/en/summit-aims/summit-communique/
BANK OF WORLD(I.M.F)-WORLD CARBON TAX VIDEO
http://www.youtube.com/watch?v=QeW6r-Lsn-4

European Central Banksters seek World Currency, Total Control
Jurriaan Maessen Infowars July 6, 2009

On June 23, 2009, Lorenzo Bini Smaghi of the European Central Bank, gave a speech at the Aspen Institute Italia called The world after the crisis: Designing the future. A monetary order for the XXI century.Italian economist and member of the Executive Board of the European Central Bank, Lorenzo Bini Smaghi.(…) We have been searching for a new monetary order since the fall of the Bretton Woods agreement, in the summer of 1971, and even that order was not so orderly, after all.In his speech, Smaghi concludes that the IMF/Worldbank has taken its rightful place as head honcho of the international monetary order, undermining the autonomy of nation-states as it proceeds with its long-term plan of a global government and a single world currency.

The fact that the crisis has restored the IMF to its place at the heart of the international financial system should provide some hope in this respect. (…) Most of the IMF’s shareholders seem to favour making IMF financing easier. (…) In sum, a new world monetary order- (…) requires a mechanism to keep imbalances in check. Key elements of such a mechanism include a prominent role for the IMF in two essential areas: strong and effective surveillance in crisis prevention, and responsible lending, with appropriate limits and conditionality, to countries in need. Here it is. Surrendering national and even regional economic power to a world body, a world bank, is the main goal of the transnationalists. And all this in the name of preventing crises- for which- by the way- the central bankers are more often than not responsible in the first place.In a speech delivered in 2000, member of the executive board of the ECB, Sirkka Hämäläinen stated: In conclusion, I should like to come back to Paul Volcker’s prophecy. He might be right, and we might one day have a single world currency. Maybe European integration, in the same way as any other regional integration, could be seen as a step towards the ideal situation of a fully integrated world. If and when this world will see the light of day is impossible to say. However, what I can say is that this vision seems as impossible now to most of us as a European monetary union seemed 50 years ago, when the process of European integration started.

The prophecy by long-term chairman of the Fed, Paul Volcker, the speaker is referring to went as follows: if we are to have a truly global economy, a single world currency makes sense. But, as it turns out, 50 years ago this process she talks about was far from impossible to imagine. In fact, as the Bilderberg memos of 1955 reveal, plans for a world government were well beyond the stage of wishful thinking or geopolitical daydreaming fifty years ago. It is- after all- a much older plan envisioned way back and pursued by the same nobility responsible for centuries of oppression in Europe. Their feudal model has been passed on from generation to generation, like the blueblood racing through their veins. On another occasion, Hämäläinen repeated her wish for a global economic integration:As a longer-term vision, one should see European integration as a step towards improving global co-operation and securing peaceful and balanced development in the whole world.Meaning of course, global government must replace the sovereignty of nation states. The word peaceful translates to the absence of war- for once potentials rivals are eliminated, there is no longer conflict. A consolidation of power, in other words, by the central banks of the world.Jurgen Stark, at the international conference of central bankers and economic educators in 2006, presses the point that only an independent central bank should be given the instruments of setting interest rates, maintaining price stability and overseeing the economy as a whole:Central Bank independence is nowadays enshrined in many central bank laws and statutes around the world. In order to ensure that this achievement also prevails in the future, broad public awareness of the benefits of central bank independence is essential. Fostering and preserving such awareness requires, in particular, that the independence of a central bank, once granted, is respected by the government in question and not undermined by political interference.Stark describes this effort of guaranteeing the omnipotence of central banks by propagandizing people and elected governments as improving economic literacy. In reality it is a synchronized effort by the central banks to consolidate power and qualifying anyone who criticizes their monopoly as economically illiterate. Stark:

Furthermore, to underpin its institutional independence, a central bank also needs to be given functional, personal and financial independence. Functional independence implies that the central bank can apply its own judgement in the conduct of monetary policy with the aim of achieving the objective specified in its mandate. A key element of a central bank’s functional independence is its lasting control over the money base and its ability to freely choose the instruments which it uses to implement its policies.Both the European Central Bank and the Federal Reserve have claimed that political oversight and transparency will be somehow disastrous for their operations and, subsequently, the world economy. They want it all, it seems, and they want it now. The rational behind all these outrageous preconditions can be summed up with the words of Jean-Claude Trichet, president of the ECB, in 2005: We Europeans know that we can deliver structural reforms: we have done that efficiently in the past. The new state of the world is only adding new reasons to proceed in a direction which has been the European strategy since the late 50s, and has contributed, over almost half a century, to productivity progress, prosperity and jobs.The economic crisis of the last year has added to a sense of urgency- with everyone with a stake in this new world order screaming for one world government at the top of their lungs.One currency to rule them all, one currency to find them, one currency to bring them all and in the darkness bind them- one could say, superimposing Tolkien’s Ring-mantra over the objectives of the world’s central banksters.

WORLD AFFAIRS We Need a Bank Of the World,The financial crisis is global, and only an international central bank can deal with it.By Jeffrey E. Garten | NEWSWEEK
Published Oct 25, 2008 From the magazine issue dated Nov 3, 2008

If George W. Bush's upcoming global summit on how to fix the world's broken financial system—an event proposed by several European presidents and prime ministers—is to be a serious effort, the leaders should begin laying the groundwork for establishing a global central bank.The idea of such an institution would have been a political nonstarter before the current debacle. The crises of the last several decades—the Latin American debt meltdown in the early 1980s, the stock-market crash in 1987, the savings and loan collapse of the early 1990s, the Asian financial blowup of the late

1990s, the Internet-stock collapse earlier in this decade—did not involve the extent of global linkages among financial institutions or the mind-boggling consequences of complex securities that we are seeing today. In none of these previous blowups did the global credit system shut down, as it did in recent weeks; in none did governments in both the industrialized and developing world intervene so massively, coming close to nationalizing the entire global banking system.And in none was it so clear that there is no effective governing authority at the center of global finance. There was a time when the U.S. Federal Reserve played this role, as the prime financial institution of the world's most powerful economy, overseeing the one global currency. But with the growth of capital markets, the rise of currencies like the euro and the emergence of powerful players such as China, the shift of wealth to Asia and the Persian Gulf and, of course, the deep-seated problems in the American economy itself, the Fed no longer has the capability to lead singlehandedly.After World War II, the IMF was designed to be a central financial institution, too. But over the decades it has had less and less influence on the rich industrialized nations. Its credibility with Asia and Latin America has also waned. It is still involved in bailouts for countries such as Iceland and Pakistan, but its once central role in protecting global stability is clearly over. And most important, its political legitimacy is deeply flawed, because its management structure reflects the 1950s, with Belgium having more voting power than China.In the future, a global central bank is needed to oversee the rudderless global financial system. There are a number of critical functions it could perform.It could be the lead regulator of big global financial institutions, such as Citigroup or Deutsche Bank, whose activities spill across borders. It could monitor risks that are building in the global market and create an early-warning system that alerts banks and national regulators that trouble is coming, and pushes them to modify their policies.

It could act as a bankruptcy court when big global banks that operate in multiple countries need to be restructured. It could oversee not just the big commercial banks, such as Mitsubishi UFJ, but also the alternative financial system that has developed in recent years, consisting of hedge funds, private-equity groups and sovereign wealth funds—all of which are now substantially unregulated.A new institution could have influence over key exchange rates, and might lead a new monetary conference to realign the dollar and the yuan, for example, for one of its first missions would be to deal with the great financial imbalances that hang like a sword over the world economy.A global central bank would not eliminate the need for the Federal Reserve or other national central banks, which will still have frontline responsibility for sound regulatory policies and monetary stability in their respective countries. But it would have heavy influence over them when it comes to following policies that are compatible with global growth and financial stability. For example, it would work with key countries to better coordinate national stimulus programs when the world enters a recession, as is happening now, so that the cumulative impact of the various national efforts do not so dramatically overshoot that they plant the seeds for a crisis of global inflation. This is a big threat as government spending everywhere goes into overdrive.The IMF could continue to exist, but its board would have to be restructured, its bailout role for smaller nations carefully defined, and its directions—including the severity of the conditions it imposes on borrowers—would have to come from the new central bank.To give it legitimacy, a global central bank would have to be governed in light of political realities. That means that its board would include not only the top financial officials of the United States, the U.K., the euro zone and Japan, but also China, Saudi Arabia, Brazil, South Africa and perhaps a few others.If a global central bank had existed before today's financial crisis, it could have sounded a shrill warning about irresponsible financial transactions much earlier; and if it had been set up with the enforcement teeth it deserves, it would have had the clout to demand, perhaps as early as 2005, that banks and other financial institutions start building reserves when times were booming, rather than allow them to maintain lower reserves precisely because profits were soaring. It would have seen that financial institutions were accumulating debt that was 30 times their capital and imposed—or caused national central banks to impose—more sober leverage ratios.

A global central bank worth its salt would have reined in not just commercial banks but also loosely-regulated investment banks, because all such institutions would have been obligated to adhere to the global banks' regulatory standards or else be blacklisted in global markets. It would have intervened to deal with Lehman Brothers and AIG, both with truly global reach, and thereby put the burden not just on American taxpayers but also taxpayers of other countries who used these institutions' services.Had it existed, a global central bank would have acted without the air of panic that has been exhibited by national central banks and finance ministries in this meltdown. Ideally, it would have gathered its governing board well in advance of a financial blowup to execute a coordinated rescue and global-stimulus plan, part of what should be its ongoing role of preparing for crises.It would be hard to overestimate the political pushback that any official proposal for a global central bank would draw from various constituencies, most especially within the United States. Among their many charges, critics will protest the establishment of world government.But we have a World Trade Organization with legally binding powers over trade disputes. We have a World Health Organization for communicable disease with the ability to quarantine entire countries. And a World Court functions today that has considerable legal and moral clout.No one should want too much globally centralized oversight. But the world's gathering misery shows that too little leadership from the center can be equally dangerous. The November summit itself won't solve anything, but if it gave instructions to finance ministers and central bankers to explore what a new central bank could do, with a deadline to come back with concrete ideas shortly after a new U.S. president is inaugurated, it will have made real progress on one of the great problems of our times.Garten is the Juan Trippe Professor of international trade and finance at the Yale School of Management.2008

THE IMF IS THAT CENTRAL WORLD BANK OF THE WORLD NOW.

Euro nations divided over single IMF seat
ANDREW WILLIS Today JULY 7,09 @ 09:31 CET

EUOBSERVER / BRUSSELS – Finance ministers from the 16-country eurozone remain divided on whether the currency area should hold a single seat at the International Monetary Fund (IMF).Luxembourg's prime minister, Jean-Claude Juncker, who chairs the monthly eurogroup meetings due to his double-hatted role as the country's finance minister, said he supported the move towards one seat on the international financial institution. European commissioner for economic and monetary affairs, Joaquin Almunia, also said he was in favour of the move.The best way to have a clear and a strong defence of our common interests as an economic and monetary union at the IMF level is to have a single chair,Mr Almunia told journalists after the meeting on Monday (6 July).This is not the opinion of some of the members of the euro area, he added.Earlier French finance minister Christine Lagarde said a single eurozone chair on the IMF was unrealistic, reports Dow Jones.However, Mr Juncker said eurozone finance ministers were more receptive to a plan to cut the number of IMF seats from 24to 20, but again no final agreement was reached. Europe currently controls eight of the IMF board's 24 seats.Reform of the IMF to give developing nations such as China and India a stronger voice in the multilateral lender was one of the commitments emerging from the G20 leaders' meeting in London this April. In March, G20 finance ministers agreed to bring the next IMF quota review forward to 2011 from its previously scheduled date of 2013.

Although the West is keen that countries with large foreign currency reserves such as China make greater donations to the IMF to help ensure global liquidity, it has so far appeared reluctant to give up power in the Bretton Woods' institution, formally set up in 1945.The topic will also be debated by G8 leaders meeting in Italy this week and is expected to really get going this October as the spring 2011 deadline comes closer.

Exit strategies

Eurozone finance ministers also discussed the area's stimulus spending and the need for credible exit strategies on Monday.However Mr Almunia said now is not the moment to withdraw the stimulus as economic growth is not expected to return to the eurozone before next year.We will co-ordinate the withdrawal when the moment defines this,he said.The comments, mirrored by Mr Juncker, are in line with forecasts by the Organisation for Economic Co-operation and Development. The body cut its outlook for the 16-country region last month, even as it raised its outlook for the global economy as a whole.However the debate over how quickly to reduce national budget deficits – a bi-product of the worst recession since World War II - is set to intensify after the summer recess.Sweden, which took over the six-month rotating presidency of the EU on 1 July, is among countries keen to claw back the money quickly using tax hikes and spending cuts in order to boost investor confidence. Other member states plan to adopt a slower timetable, with French President Nicolas Sarkozy recently announcing plans for a new government multi-billion euro loan.

World Bank and IMF cancel country's debts
01/07/2009 - 11:17:58

Three international organisations cancelled US$1.2bn (€853,278) of Haiti's debt, freeing up millions of dollars each year for the deeply impoverished Caribbean nation that is beset by humanitarian crises.The World Bank and the International Monetary Fund said their boards decided this week to forgive Haiti's obligations to the two organisations, a move that triggered previously announced debt relief from the Inter-American Development Bank.The actions erased nearly two-thirds of Haiti's outstanding debt. As of April, Haiti owned more than US$1.9bn (€1.35bn), according to the Washington-based Centre for Economic and Policy Research.This is a pretty big victory, definitely. This is what we've been wanting,said Dan Beeton, an analyst with the centre, said by phone from Washington.It's a shame it had to take so long.Until now, the desperately poor country, where more than 80% of its approximately nine million people live on less than $2 (€2.33) a day, has been paying about $1.6m (€1.14m) each month to the World Bank, according to debt relief advocates at the Jubilee USA Network.

A significant portion of the debt forgiven dates back to loans that lined the pockets of Haiti's dictators, especially Francois Papa Doc and Jean-Claude Baby Doc Duvalier, whose father-son dynasty ended in a 1986 popular rebellion.Haiti was added to the World Bank and IMF's debt cancellation programme for heavily indebted poor countries in 2006.The Inter-American Development Bank previously approved debt relief for Haiti, pending its completion of that programme. Read more: http://breakingnews.ie/business/world-bank-and-imf-cancel-countrys-debts-416979.html#ixzz0Ka2O9S6z&C Read more: http://breakingnews.ie/business/world-bank-and-imf-cancel-countrys-debts-416979.html#ixzz0Ka2O9S6z&C

Factsheet - June 2009
The IMF and the World Bank
http://external.worldbankimflib.org/external.htm
http://www.globalexchange.org/campaigns/wbimf/facts.html

The IMF and the World Bank are institutions in the United Nations system. They share the same goal of raising living standards in their member countries. Their approaches to this goal are complementary, with the IMF focusing on macroeconomic issues and the World Bank concentrating on long-term economic development and poverty reduction.

What are the purposes of the Bretton Woods Institutions?
The International Monetary Fund and the World Bank were both created at an international conference convened in Bretton Woods, New Hampshire, United States in July 1944. The goal of the conference was to establish a framework for economic cooperation and development that would lead to a more stable and prosperous global economy. While this goal remains central to both institutions, their work is constantly evolving in response to new economic developments and challenges.The IMF’s mandate. The IMF promotes international monetary cooperation and provides policy advice and technical assistance to help countries build and maintain strong economies. The Fund also makes loans and helps countries design policy programs to solve balance of payments problems when sufficient financing on affordable terms cannot be obtained to meet net international payments. IMF loans are short and medium term and funded mainly by the pool of quota contributions that its members provide. IMF staff are primarily economists with wide experience in macroeconomic and financial policies.The World Bank’s mandate. The World Bank promotes long-term economic development and poverty reduction by providing technical and financial support to help countries reform particular sectors or implement specific projects—for example, building schools and health centers, providing water and electricity, fighting disease, and protecting the environment. World Bank assistance is generally long term and is funded both by member country contributions and through bond issuance. World Bank staff are often specialists in particular issues, sectors, or techniques.

Framework for cooperation
The IMF and World Bank collaborate regularly and at many levels to assist member countries and work together on several initiatives. In 1989, the terms for their cooperation were set out in a concordat to ensure effective collaboration in areas where responsibilities overlap.High-level coordination: During the Annual Meetings of the Boards of Governors of the IMF and the World Bank, Governors consult and present their countries’ views on current issues in international economics and finance. The Boards of Governors decide how to address international economic and financial issues and set priorities for the organizations.A group of IMF and World Bank Governors also meet as part of the Development Committee, whose meetings coincide with the Spring and Annual Meetings of the IMF and the World Bank. This committee was established in 1974 to advise the two institutions on critical development issues and on the financial resources required to promote economic development in low-income countries.

Management consultation. The Managing Director of the IMF and the President of the World Bank meet regularly to consult on major issues. They also issue joint statements and occasionally write joint articles, and have visited several regions and countries together.Staff collaboration. The staffs of the IMF and the Bank routinely exchange information on country assistance. The two institutions also often conduct country missions in parallel and staff participate in each other’s missions. IMF assessments of a country’s general economic situation and policies provide input to the Bank’s assessments of potential development projects or reforms. Similarly, Bank advice on structural and sectoral reforms is taken into account by the IMF in its policy advice. The staffs of the two institutions also cooperate on the conditionality involved in their respective lending programs.The 2007 external review of Bank-Fund collaboration led to a Joint Management Action Plan (JMAP) to further enhance the way the two institutions work together. Under the plan, Fund and Bank country teams discuss their country-level work programs, which identify macro-critical sectoral issues, the division of labor, and the work needed from each institution in the coming year. Also, the Bank and Fund have improved their information sharing at the country level, including technical assistance reports.

Supporting reforms. The Fund’s Africa Department and the Bank’s Africa Region also cooperated with a group of countries to identify ways to improve the coordination of support for growth-critical reforms in public financial management, the financial sector, and natural resources management. This work is now being followed up on a country-by-country basis.Reducing debt burdens. The IMF and World Bank also work together to reduce the external debt burdens of the most heavily indebted poor countries under the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). The objective is to help low-income countries achieve their development goals without creating future debt problems. IMF and Bank staff jointly prepare country debt sustainability analyses under the Debt Sustainability Framework (DSF) developed by the two institutions.Reducing poverty. In 1999, the IMF and the World Bank initiated the Poverty Reduction Strategy Paper (PRSP) approach—a country-led plan for linking national policies, donor support, and the development outcomes needed to reduce poverty in low-income countries. PRSPs underpin the HIPC Initiative and concessional lending by the IMF and World Bank.

Monitoring progress on the MDGs. Since 2004, the Fund and Bank have worked together on the Global Monitoring Report (GMR), which assesses progress needed to achieve the UN Millennium Development Goals (MDGs). The report also considers how well developing countries, developed countries, and the international financial institutions are contributing to the development partnership and strategy to meet the MDGs.Assessing financial stability. The IMF and World Bank are also working together to make financial sectors in member countries resilient and well regulated. The Financial Sector Assessment Program (FSAP) was introduced in 1999 to identify the strengths and vulnerabilities of a country's financial system and recommend appropriate policy responses.More detailed information can be found on the institutions’ websites: www.imf.org and www.worldbank.org.

G20 trillion dollar magic trick Reforms remain house of cards
News|Bretton Woods Project|3 April 2009| Robin Heighway-Bury/Thorogood.net

To great fanfare, the G20 announced a $1.1 trillion global package, which will actually deliver less than half that amount in new or guaranteed resources. Meanwhile issues of fundamental economic reform were left off the agenda.The G20 meeting on 2 April, billed as the London Summit 2009 because of its inclusion of non-G20 players, captured positive media attention despite failing to set out a vision for transformative economic change, and pumping more money into the IMF and World Bank without a clear plan for reforming them.

Where did the trillion go?
The IMF received most of the boost, with a possible $500 billion in new resources and $250 billion in issuances of Special Drawing Rights (SDRs). Of the $500 billion, only half has been signed and sealed, the vast majority of which had been previously announced: $100 billion from Japan in January and the same amount from the EU in March. Most of the new $50bn comes from China – a small drop in its vast ocean of reserves, indicating that it continues to be reluctant to back the IFIs financially without real governance reform. The second tranche of $250 billion only exists as a G20 promise to find the extra cash, and to make substantial progress in doing so by April’s spring meetings.The other massive increase in IMF resources was through an allocation of Special Drawing Rights (SDRs), the IMF’s own internally created reserve asset (See article.) An SDR allocation effectively means printing new money, $100 billion of which will go to emerging market and developing countries. Unlike other forms of finance, SDRs come without conditions attached, but a country must still pay interest when it uses them. As SDRs are allocated according to voting shares at the IMF, the majority will go to rich countries.On new money for the multilateral deveopment banks (MDBs), the language is particularly hazy. The G20 agrees only to support additional annual lending by the MDBs of $100 billion per year. Some of this, such as a boost to IFC trade financing, is money already promised. Some is supposed to come from existing MDB resources. Some will come from a 200 per cent boost to the Asian Development Bank’s capital, and consideration of similar moves for the Inter-American Development Bank and the African Development Bank.World Bank attempts to garner additional contributions for their vulnerability funds were snubbed, with the G20 making clear that these would only be delivered bilaterally from willing donors. So far, the UK is the only country to make concrete commitments – diverting £200 million of its existing aid budget for this purpose. The G20 also asked the Bank to increase lending limits for large countries and to lend at market rates to low income countries, but only those with sustainable debt positions and sound policies.

Money for the poorest?
Of the putative $1.1trillion, $50 billion, or less than 5 per cent, is likely to be for the 49 poorest countries in the world. The communiqué does not give clear details of how this figure is arrived at. Brussels based NGO, Eurodad estimates that, in addition to $6 billion (over three years) from IMF gold sales that will be added to the IMF’s concessional lending pot, $19 billion in new money will come from the SDR allocation. The communiqué also calls for a doubling of the IMF’s concessional lending capacity, currently at about $20 billion. That means that most of the total is IMF loans, which are only available if poor countries’ economies go into meltdown.The detail on the promised global effort to ensure the availability of at least $250 billion of trade finance over the next two years is entirely absent from the communiqué. However, the IFC - the private sector lending arm of the World Bank - is already angling for a slice of this cash for its new global trade lliquidity programme. Most of the rest is likely to funds provided by export credit agencies, which have been heavily criticised for a host of issues, including focussing their support on the arms industry. The communiqué’s commitment to meet existing aid pledges obviously meant more to some G20 countries than others. Italy, the current host of the G8, plans to cut its aid by 55 per cent this year.

Elephants in the room: governance and conditionality
The G20 communiqué says nothing new on IFI governance reform, and big increases in IMF resources have not been matched with clear commitments to end the controversial austerity policies that have so far accompanied IMF bailout packages (see Update 64, 63).Changes to voting shares to give developing economies greater voice and representation are promised in general but the annex appears to backtrack on IMF reform. The existing plan for Bank governance reforms by the 2010 Spring Meetings for the World Bank is reconfirmed, but on the Fund, the annex indicates that the slightly accelerated quota review may not address the democratic deficit or governance imbalance but will be undertaken to ensure the IMF’s finances are on a sustainable footing.Critics remain concerned that lessons from the Asian financial crisis a decade ago have not been learned, where IMF conditions were blamed for worsening recessions. Duncan Green of Oxfam said: We have deep concerns about how central the IMF has become in this crisis. The fund has been given a blank cheque but its reform remains no more than a promise.

Financial reform: does it have teeth?
Campaigning NGOs and continental European governments had pushed the issue of tax havens to the fore in the run up to the summit. The UK, itself a sponsor of many of the world’s most famous tax havens including the Cayman Islands and Jersey, had picked up the rhetoric.The G20 decided to endorse the OECD approach of exchanging information about companies and individuals suspected of evading taxes on request, rather than the more stringent automatic exchange of information called for by the Tax Justice Network and others. There was no mention of measures that could help developing countries crack down on corporate tax abuse: country-by-country financial reporting or requiring transparency of all information on beneficial ownership in all jurisdictions.The fanfare surrounding a supposed blacklist of non-cooperative countries published on the day of the summit by the OECD went silent when it emerged that only four countries were on the list – Uruguay, the Philippines, the Malaysian Federal Territory of Labuan, and Costa Rica - none of them well known tax havens. Further confusion followed when even these four were removed, leaving no countries in the OECD's worst category. The strong rhetoric - declaring that the era of banking secrecy is over and promising to stand ready to deploy sanctions – has yet to be turned into effective action.As promised by the G20 finance ministers in March the Financial Stability Forum will be expanded to include all G20 countries, and renamed the Financial Stability Board (FSB). It will continue to have a purely advisory role to; promote co-ordination; assess vulnerabilities affecting the financial system and set guidelines. With no specific powers or sanctions available to it, and a lack of a clear governance structure, it remains to be seen whether the new board will be an improvement on the old forum.On banking regulation, a topic that has dominated headlines in the run up to the summit, surprisingly little concrete was agreed, though international bodies are tasked with looking further into a host of issues. International minimum capital requirements will remain unchanged until recovery is assured and the often criticised Basel II capital framework supported. The existing toxic assets in banks remain a huge problem, but one that has been left to national regulators to fix.

In his post-summit press conference, British Prime Minister Gordon Brown repeated his assertion that the shadow banking system would be brought into the global regulatory net, but the language of the communiqué is far more cautious – systematically important financial institutions, markets, and instruments should be subject to an appropriate degree of regulation and oversight.The FSB and IMF are tasked with deciding what systematically important means. Many hedge funds and private equity firms may continue to escape the regulatory net, especially those formally headquartered in off-shore financial centres. Hedge fund and credit rating agency registration is promised, and credit derivatives markets will be standardised,but it is left to the industry itself to decide how to do this.

Missing the green picture
Green groups slammed the G20 for failing to grasp the opportunity to signal a clear commitment to building a low-carbon economy. The communiqué promises to make best possible use of stimulus packages towards the goal of building a resilient, sustainable, and green recovery and to identify and work together on further measures to build sustainable economies.But there were no hard commitments about what portion of stimulus packages would be directed towards green projects, technologies, or jobs.

The aim of the upcoming UN climate talks in Copenhagen is set as reaching agreement, with no reference made to the scale of the changes G20 countries, particularly the richest ones, will have to make to combat climate change. Friends of the Earth said the G20 had short changed people and the planet. Greenpeace said climate change had been tagged on to the communiqué as an afterthought.

Liberalisation still the norm?
The communiqué is understandably short on the usual congratulatory opening paragraphs, though it reiterates support for an open world economy based on market principles but now balanced by effective regulation, and strong global institutions.
On trade the expected promise to not repeat the historic mistakes of protectionism is made, but the commitment to reach an ambitious and balanced conclusion to the Doha trade round looks suspiciously similar to the commitments made by the G20 in Washington last November, since when little progress has been made. Interestingly the G20 estimate for how much the Doha trade round could boost the global economy stands at a modest $150 billion. Civil society organisations around the globe have questioned whether reviving a trade round that developing countries have rejected many times is a good idea.

Protest grows
Marches and protests took place around the world in the run up to the G20 summit, including in India, Philippines, Indonesia, Spain, Germany, France, Austria and Italy. In London, thousands marched under the banner of Jobs, Justice, Climate, as part of the 160-plus Put People First alliance of development, environment, faith groups and trade unions.In addition to mobilisation of citizens, civil society groups have also put out collective statements which look very different from the limited set of issues in the G20 communiqué. At January’s World Social Forum, civil society and social movements from around the world produced a statement signed up to by more than 600 organisations worldwide, entitled Let’s put finance in its place! It includes demands barely considered by the G20, yet at the heart of the debate about how best to control global finance, including managing capital flows, and calling for citizen control of banks and financial institutions.It also issued a challenge to the leaders gathered in London, saying: the G20 is not the legitimate forum to resolve this systemic crisis.On the eve of the G20, at the World in Crisis NGO summit in Prague, a declaration was issued calling for putting economies at the service of social, environmental and other vital interests of women, men, girls and boys, in particular to start greening our economies and to increase local economic resilience. A raft of proposals were included on a host of critical topics including: market regulation; breaking the dominance of finance over the economy; keeping the climate negotiations on track; rethinking development finance; fairly sharing resource consumption across the globe; ensuring tax justice; and making IFIs more transparent, representative and accountable.Meanwhile, the London Summit was slammed for systematically excluding civil society voices.In contrast to most international gatherings there was no process for civil society organisations to accredit and attend. Of the few civil society representatives who were allowed in as media representatives, some had accreditation withdrawn at the last minute. One of these denied entrance, Benedict Southwark of UK campaigning group the World Development Movement said that this: starts to reek of the deliberate exclusion of critical voices.

Spotlight turns to UN
A week before the G20 met in London, the UN General Assembly president’s commission on financial reforms (see Update 64, 63) released its draft report. The Joseph Stiglitz-led commission was much stronger in the latest report than in its first set of recommendations, and appears ahead of the G20 curve. The G20 has yet to pay adequate attention to this high powered group of thinkers.The recommendations said: short term measures to stabilize the current situation must ensure the protection of the world’s poor, while long term measures to make another recurrence less likely must ensure sustainable financing to strengthen the policy response of developing countries.The commission was not unwilling to lay blame: Loose monetary policy, inadequate regulation and lax supervision interacted to create financial instability, and there was inadequate appreciation of the limits of markets.The report split its recommendations up into things to be done immediately and those that should be on the agenda for systemic reform.Among immediate goals, it called for global fiscal stimulus, a new credit facility with better governance arrangements than exist at institutions such as the IMF, an end to pro-cyclical conditionality and rolling back the limits on developing country policy space created by trade agreements. For the financial sector the commission noted While greater transparency is important, much more is needed than improving the clarity of financial instruments,and recommended the use of rules and incentives to limit excess leverage, prevent tax evasion, and address the regulatory race to the bottom.While the short-term recommendations were sometimes eye-catching, the systemic demands surprised many observers. The call for a new global reserve system, echoed the demand to end the US dollar’s privileged position as international reserve currency made by China’s central bank governor Zhou Xiaochuan. The commission also supported the idea for a UN-based Global Economic Council at the head of state level – essentially bringing a G20 type structure under the auspices of the UN system.On long-term changes to financial regulation, the commission listed seven areas for reform and warned against merely cosmetic changes. Notably it said: The fact that correlated behaviour of a large number of institutions, each of which is not systemically significant, can give rise to systemic vulnerability makes oversight of all institutions necessary.This throws cold water the G20’s plans for regulating only systemically-important financial institutions.

The UN commission, despite being organised more quickly than the G20 meeting, was much more open to civil society input. More than 100 organisations made submissions to the stakeholder consultation procedure, and the final report on civil society opinion was detailed, comprehensive, and well received by the commission. The civil society submissions were all put online, more than can be said of the official G20 working group reports (see Update 64), which are yet to be published. In late March, members of the commission also held interactive dialogues with representatives at the UN General Assembly and civil society organisations.The global focus will now move to a UN conference from 1-3 June in New York, billed as the follow-up to the UN Financing for Development conference in Doha. The conference is being held at the initiative of the General Assembly president, rather than from the UN Secretariat because of opposition from some major countries.It is unclear how much participation there will be by heads of state, especially as the G20 announced that it will hold another leader’s level summit sometime before the end of this year.

Return to growth is a must, Sarkozy and Brown warn
LUCIA KUBOSOVA Today JULY 7,09 @ 09:22 CET

Nicolas Sarkozy and Gordon Brown expressed a total convergence of views in their meeting ahead of this week's G8 summit in Italy, with both leaders warning that rising oil prices and declining public investment could spoil the chances for recovery of the world's economy. Meeting in the French town of Evian on Monday (6 July), Mr Brown, the UK's prime minister, argued that governments must keep spending to return to growth.If we can get growth, if we can get unemployment down, if we can keep interest rates and inflation down, then there is scope to do the things we want to do, and that is to get money to the frontline services,he told journalists after the event, referring to the need to avoid pay and job cuts in the public sector.His French counterpart, president Nicolas Sarkozy, played the same tune, saying: Of course we need to combat indebtedness and try to restrain deficit, but we will only achieve that if we restore growth and if we restore our economies to health.We cannot afford to have low growth rates over many years,said Mr Sarkozy.President Sarkozy, mon ami, you are truly a force of nature,Mr Brown at one point said. Apart from sufficient public investment, the French president explained that action is needed on the international level to trim down the volatility of oil prices, amid fresh increases over the past months.Both leaders also stressed that the effective new regulatory measures are needed to prevent the repeat of the financial crisis, which sparked the current global economic downturn, specifically highlighting sanctions against tax havens.

The Organization for Economic Cooperation and Development (OECD), a Paris-based think-tank of the 30 most developed countries, confirmed in June that penalties could be imposed on states that do not conform to the club's new rules on transparency and co-operation.The world should be in no doubt that the writing is on the wall for tax havens wherever they may be,said Mr Brown.So we are calling today for a March 2010 deadline for the introduction of sanctions against tax havens.The sanctions could include revising investment policies, imposing taxes on funds held in tax havens, or the withdrawal of aid, the UK leader specified. From today that countdown has begun, he warned.In April, the OECD put four countries on the tax haven black-list, Costa Rica, Malaysia, the Philippines and Uruguay. Over 30 states such as Switzerland, Luxembourg, Austria, Belgium, Liechtenstein and Monaco were included on a grey-list of countries which are willing to cooperate but are deemed not sufficiently transparent.Tax havens have shifted from the black list to the grey list, now fiscal co-operation conventions must be signed ...they need to exit the grey list,said Mr Sarkozy, AP reported.Mr Brown promised to put the new sanctions on the agenda at this week's G8 summit. But the measures are part of a more complex set of international financial regulations which could be agreed by the G20 summit in Pittsburgh in September.

Brussels hoping for climate commitment at G8
ANDREW WILLIS 06.07.2009 @ 17:43 CET

EUOBSERVER / BRUSSELS – The European commission will be pushing for clear climate change commitments from leaders of the Group of Eight industrialised nations who will meet in L'Aquila, Italy, later this week (8-10 July), but the final statement may not include mid-term targets say officials. We are only 153 days from [the United Nations climate change meeting in] Copenhagen, time is passing, so I really want to create a sense of urgency,said European commission president Jose Manuel Barroso on Monday (6 July).The G8 countries are Canada, France, Germany, Italy, Japan, Russia, the UK and the US, with Spain also invited to this week's G8 meeting. The commission has participated fully in the meetings since 1981.Specifically the EU executive wants the meeting's final statement to agree on the need to limit global temperature rises to 2 degrees above pre-industrial levels, a threshold that scientists have identified as crucial.It is also pushing for the leaders to agree on the need for a 50 percent reduction in global emissions by 2050 on 1990 levels, something that would necessitate an 80 percent emission cut from developed countries.This is the most important issue, to have binding targets from the developed countries. Without binding targets we will not convince the developing countries to give their contribution to this global response,said Mr Barroso.However, environmental NGOs are concerned that despite the possibility of setting long-term targets, specific mid-term targets will not be agreed.

It's like saying we'll go to the summit of Everest but we aren't going to provide any oxygen or climbing ropes,Greenpeace spokeswoman for the G8 Beth Herzfeld told EUobserver.The G8 leaders themselves have the opportunity to move the process forward and show that they are serious to lead on climate change. In order to do that we must have mid-term emissions' cut targets of 40 percent by 2020,she said. A draft G8 statement produced as recently as last week included mid-term targets but a senior commission official working on the file suggested the current draft no longer contains the specific targets, instead referring to the need to achieve a robust mid-term reduction.Another key issue will be the willingness of developed countries to provide financial support to emerging economies to tackle rising emission levels. As the largest contributors to past emissions, developed countries have a special responsibility to take the lead but this is not going to be enough. The emerging economies for example …must also join in the effort,said Mr Barroso.Greenpeace is calling on the G8 to agree to provide $106 billion (€76bn) of the estimated $140 billion (€100bn) emerging nations will need annually to tackle climate change.

Food security

The issue of food security is also emerging as a major issue on the G8 agenda, with the commission setting up a €1 billion food facility last year for the poorest farmers in the developing world using unspent EU funds.I hope L'Aquila will move us further forward again. I expect us to agree on a statement for global food security, setting out an agenda for the coming years at the global level,said Mr Barroso. G8 countries are likely to back a recent US call for a coordinated approach to food aid and development.Last week US deputy national security adviser for international economic affairs Michael Froman said the proposal and the money involved would build on a global partnership programme on food security launched at last year's G8 meeting in Japan.

UN official seeks G-8 cash for climate change fund By ARTHUR MAX, Associated Press Writer – Mon Jul 6, 4:50 pm ET

AMSTERDAM – Developing countries need money now to grapple with global warming, and the Group of Eight summit this week could energize troubled climate negotiations if it decided to make significant funds available, the top U.N. climate official said Monday.The focus of U.N. climate talks over the past 18 months has been on an agreement to control greenhouse gases after 2012, when the Kyoto Protocol expires, including cash for developing countries.But Yvo de Boer, who oversees the talks among 192 nations, says bumping up existing climate funds now would be a practical, useful, tangible signal to developing countries that the rich countries are serious about a deal. The accord is due to be completed in Copenhagen in December.De Boer declined to mention figures, but studies by the World Bank and other institutions suggest between $5 billion and $10 billion a year are needed to help countries deal with changing weather patterns affecting agriculture, fishing and the effects of severe storms and drought. That figure could grow to $100 billion annually by 2020.Accounts in the World Bank and special U.N. facilities now contain a few hundred million dollars.

Putting money on the table at the G-8 conference in Italy would allow poor countries to prepare plans to limit the growth of their emissions and adapt to the impact of climate change,De Boer told The Associated Press from his office in Bonn, Germany.
More than 100 countries many of them among the world's poorest will suffer severely from climate change, he said.If I look at the magnitude of challenge, I think a significant amount would be important,he added.For many of the poorest countries, climate change will mean more erratic and expensive food supplies, Oxfam International said in a report released Monday as a briefing paper for the G-8 leaders.The British-based charity said chronic hunger may be the defining human tragedy of this century,as climate change causes growing seasons to shift, crops to fail, and storms and droughts to ravage fields.It predicted that as weather patterns change, farmers will be forced to abandon traditional crops. Water and food scarcity could lead to mass migration and conflict, it said in a study that found striking similarities across geographic zones.More than 1 billion people, or about one in six people on earth, go hungry today. Without action, Oxfam said, most of the gains of fighting poverty in the world's poorest countries over the past 50 years will be wiped out, irrecoverable for the foreseeable future.Scientists warn that of potentially catastrophic climate change if average global temperatures rise more than 2 degrees Celsius (3.6 Fahrenheit) from preindustrial levels. To prevent that, greenhouse gas emissions should peak within the next few years and then rapidly decline by mid-century, according to the Nobel Prize-winning Intergovernmental Panel on Climate Change.The U.N. climate talks are stuck over demands that the industrial countries commit to specific pollution targets, while the wealthy nations insist that everyone must help limit greenhouse gases. Developing countries have agreed to shift toward low-carbon growth, if the receive technology and funding to help them.

Leaders of other major economies such as China, India and Brazil will join the G-8 leaders when climate change comes up on the agenda during the three-day summit at L'Aquila, Italy.De Boer said he hoped the session would deal with big picture issues. Besides financing, those might include fixing a firm pollution target for 2050 and setting an objective for 2020.These are the leaders who can make a difference, and this is the time to make a difference,De Boer said.The 1997 Kyoto Protocol required 37countries to cut carbon emissions by 5.2 percent from 1990 levels by 2012. But it made no demands on developing countries, which was one reason the United States rejected the accord.Since then, China has overtaken the United States as the world's largest polluter, and India is rapidly approaching their league. The U.S., in a major policy shift under President Barack Obama, says it wants to be part of the Copenhagen deal.As part of the negotiations, the industrial countries have been asked to say how much further they will reduce emissions by 2020. Russia became the latest to put up numbers, pledging last week to be 10 percent to 15 percent below 1990 levels.

Environmentalists denounced that target, since Russia's pollution fell dramatically after the fall of communism and the collapse of its economy in 1989. The World Wide Fund for Nature said it would amount to a significant acceleration of Russian emissions over the next decade of 2 to 2.5 percent a year. With the Russian proposal, De Boer said all rich countries except New Zealand have now pledged figures for 2020, and it was time for hard bargaining to begin.Countries will begin examining each other's numbers, comparing them with each other, and seeing how they can show the maximum ambition in Copenhagen,he said.

Rwandan leader urges G8 to consult poor nations more Mon Jul 6, 2:58 pm ET

LONDON (Reuters) – Rwandan President Paul Kagame urged leaders of the Group of Eight on Monday to consult poor nations more, saying some in the developing world were skeptical of economic recipes handed down by rich countries.I invite those in the leadership of the G8 to recognize that others have something to offer, especially on the issues that affect their own lives,Kagame said in a speech to the G8 Africa Business Forum.Together we need to develop broad and more effective consultative processes that genuinely integrate our vision of our own destiny into your plan, he said.African government officials and business leaders are meeting in London before G8world powers begin a three-day summit in the central Italian city of L'Aquila on Wednesday.Kagame said people in developing nations were less convinced these days that Western help is motivated by altruism.Some think that the rhetoric of free markets is a cover for protecting the commercial interests of wealthy nations. They see that we in poor nations are forced to eliminate subsidies even as you subsidize your own sensitive sectors,he said.They see that China and India ... are the ones managing unprecedented growth and consequently eradicating poverty at the highest rates the world has ever seen,he said.Zambian Vice-President George Kunda also talked of China's growing influence in Africa, warning Western countries they risked losing out in the race for resources.We are exploring for oil in Zambia. If you (the West) do not come forward, the Chinese are there," he told the conference.

Chinese companies are very active in seeking out mining and related projects in Africa.Beijing and Chinese companies have pledged tens of billions of dollars to Africa in loans and investments, mostly to secure raw materials, and China-Africa trade has surged.When you go to the traditional partners (to seek a loan), the issue of conditionality comes in. They will talk about governance, human rights, corruption. With the Chinese, there are hardly any conditions that they put,Kunda said.Mauritius Finance Minister Rama Krishna Sithanen called on the International Monetary Fund and World Bank to show flexibility when dealing with countries in difficulty.There must be timeliness in intervention, there is a need to introduce some flexible mechanism to support countries going through the painful process of transition,he told the conference.(Reporting by Carolyn Cohn and Adrian Croft; Editing by Richard Williams)

Stocks end mixed; Oil slide hits energy shares By TIM PARADIS, AP Business Writers -Mon Jul 6, 6:07 pm ET

NEW YORK – Investors are fearing they may have bet too soon on an economic comeback.

Stocks ended mostly lower Monday as drops in prices for oil and other commodities had investors worrying again that demand for basic materials may remain slack. The major market indexes closed mixed but off of their lows for the day.The drop in oil to a five-week low pushed energy and commodities stocks lower and sent investors into safe-haven parts of the market, like consumer goods producers. Occidental Petroleum slid 2.5 percent while Procter & Gamble Co., which makes Tide and Crest, rose 2 percent.

Back-and-forth trading Monday followed conflicting signs about the economy. Oil skidded on fears of weak demand, while a trade group's report found that activity in the services industry rose in June to its best level in nine months.Investors have become more cautious in recent weeks following a strong rally that began in March. Some traders fear they might have been too optimistic about how soon the economy might recover from a recession that began in December 2007.The markets are becoming more realistic,said Subodh Kumar, global investment strategist at Subodh Kumar & Associates in Toronto.We can't snap our fingers and have recovery.The Dow Jones industrial average rose 44.13, or 0.5 percent, to 8,324.87, and the broader Standard & Poor's 500 index rose 2.30, or 0.3 percent, to 898.72. The technology-heavy Nasdaq composite index fell 9.12, or 0.5 percent, to 1,787.40.Oil fell $2.68 to settle at $64.05 per barrel on the New York Mercantile Exchange. Last week, oil hit an eight-month high above $73.In economic news, the Institute for Supply Management's services index rose to 47 in June from 44 in May, beating the expectation of 45.5 from economists polled by Thomson Reuters.The relatively good showing, however, wasn't enough to assuage growing doubts about the economy that worsened last week on disappointing reports on consumer confidence and deep job cuts for June.The stock market has relatively few guideposts to give it direction this week ahead of second-quarter earnings reports, which get under way Wednesday with Dow component Alcoa Inc. but don't pick up speed until next week.Sound results at a Treasury Department auction of $8 billion in 10-year Treasury Inflation-Protected Securities, or TIPS, helped reassure investors that the government will be able to finance its spending plans to help revive the economy.

Bond prices were mixed. The yield on the benchmark 10-year Treasury note was up slightly at 3.51 percent, compared with late Thursday's 3.50 percent, and the yield on the three-month T-bill rose to 0.16 percent from 0.15 percent. U.S. markets were closed Friday for the July Fourth holiday.An analyst upgraded his rating on American Express Co., saying that the credit card company would be among the least affected by regulatory changes and that worries about bad debt are easing. The stock rose $1.25, or 5.6 percent, to $23.52.The drop commodities hit companies like Exxon Mobil Corp., which fell 39 cents, or 0.6 percent, to $68.10, and Occidental, down $1.58, or 2.5 percent, at $61.70.Alcoa fell 60 cents, or 6.1 percent, to $9.26, while Freeport-McMoRan Copper & Gold Inc. fell $3.78, or 7.6 percent, to $45.94.Among consumer staples companies, P&G rose $1.06, or 2.1 percent, to $52.17.The mixed trading comes after the market reached a plateau in mid-June, mainly holding on to the gains it notched this spring. Investors are looking for confirmation of an economic recovery to take stocks higher. The upcoming earnings season and any forecasts companies make about the rest of the year are sure to answer questions about where the market goes next.There is a sense that the fundamentals in the marketplace haven't caught up with the technical rally that we got in March,said Dan Deming, a trader with Strutland Equities in Chicago.Three stocks fell for every two that rose on the New York Stock Exchange, where consolidated volume came to a light 4.63 billion shares, compared with 3.56 billion traded Thursday.The Russell 2000 index of smaller companies fell 3.18, or 0.6 percent, to 494.03.The dollar was mixed against other major currencies, while gold prices also rose.Overseas, Britain's FTSE 100 fell 1 percent, Germany's DAX index fell 1.2 percent, and France's CAC-40 slid 1.1 percent. Japan's Nikkei stock average fell 1.4 percent.

Canada budget officer sees lasting deficits By Louise Egan – Mon Jul 6, 4:46 pm ET

OTTAWA (Reuters) – The Canadian government is unlikely to balance its budget in 2013-14 as promised because of a weaker economy and new spending measures such as the auto bailout, the country's budget officer said on Monday.In a report released to the House of Commons finance committee and obtained by Reuters, the independent parliamentary budget officer (PBO), Kevin Page, estimated a cumulative deficit over five years of C$155.9 billion ($134.4 billion).Page forecasts a deficit of C$48.6 billion this year, slightly lower than the government's latest estimate, released last month, of C$50.2 billion.But for the following four years, Page expects the shortfalls to be substantially larger than those laid out by the government and sees a C$16.7 billion deficit in 2013-14 -- the year the government has pledged to return to a surplus.For the near term, Page attributed the discrepancy to new spending plans announced since January, including C$8 billion in aid to automakers. For the final two fiscal years of his outlook, Page said the deficits were structural and the result of lower income tax revenues.Although there is a high degree of uncertainty surrounding estimates of potential output and structural budget balances, PBO's calculations suggest that the budget is not structurally balanced over the medium term,according to the report.The main opposition party, the Liberals, said the report shows that Canadians are in a deeper fiscal hole than Finance Minister Jim Flaherty would have them believe.It's time for Minister Flaherty to come clean about the sorry state of the deficit,said Liberal legislator John McCallum in a statement.

As recently as three weeks ago, the minister still clung to his five-year targets from January. Now we learn that the Conservatives have driven Canada into a $17 billion structural deficit and there is no credible plan to dig Canada out of the hole,he said.Prime Minister Stephen Harper has in the past downplayed the PBO's reports and their potential impact on policy, saying they should be treated as any other interim forecast made by the private sector.The PBO's economic outlook, based on private sector forecasters, calls for a 2.4 percent decline in real gross domestic product this year -- similar to the government's estimate of a 2.5 percent fall.But Page sees nominal GDP, which is crucial for budgeting because it represents the broadest measure of the tax base, as faring worse than the government predicted with a 4.8 percent fall this year compared with the government's forecast of a 4.3 percent decline.The outlook for the jobless rate is also more gloomy, averaging 8.7 percent this year versus the government's estimate of 7.5 percent.(Reporting by Louise Egan; editing by Peter Galloway)

GM to get final $20 billion in U.S. funding this year By David Lawder JULY 6,09

WASHINGTON (Reuters) – A restructured General Motors Corp will get the remaining $20 billion in government bankruptcy financing over the rest of this year and could be ready to launch an initial public stock offering in early 2010, a senior U.S. official said on Monday.Steven Rattner, who heads the Obama administration's autos task force, said he was confident that a U.S. bankruptcy judge's decision on Sunday to allow the sale of the automaker's best assets to a New GM would withstand appeals.

The decision will clear the path for the company to emerge from bankruptcy court in coming weeks and will allow the U.S. Treasury Department to focus on divesting its stake, Rattner told reporters on a conference call. The bankruptcy judge issued a four-day stay of the sale order, allowing for possible appeals.Rattner expects GM to name additional board directors later this month.A former investment banker, Rattner said an IPO for a portion of the government's stake that would return GM to public ownership would need a decently robust stock market to succeed.I believe that will be some time next year, he said.I would like to think and hope that would be in the first half of next year but I would not want to predict anything specific.The administration was not trying to get the last dollar for the taxpayer's investment of some $60 billion and would not wait for a stock market boom that never materializes, he said.The government was committed to selling its stake as quickly as possible, but Rattner added, when you're a 60 percent shareholder, you can't sell it all in one day.The government will receive a stake of that size in the new GM for the $60 billion in financing to support GM's turnaround, half of which is bankruptcy financing. About $50 billion of the U.S. government's money will be converted into stock in the reorganized company, which will still be named General Motors.

CASH FLOW CUSHION

GM has so far received about $10 to 11 billion of the bankruptcy financing and will get the rest of the money by year-end, though there was no set timetable for payments, Rattner said.We want them to be able to spend the whole day without looking at the bank balance and wondering if their check is going to clear,he said.We want to get them ... to focus on selling cars and making money.Rattner reiterated his view that the restructured GM and Chrysler LLC would be able to break even in a tough economic environment that holds U.S. industry car and light truck sales to 10 to 11 million units a year.And he does not anticipate that Ford Motor Co, with ample cash resources on its own, would need government help in the future.June auto sales showed signs of the market bottoming out, and there was room for a modest recovery in coming months for U.S. industry sales to return to the historic scrappage rate of about 12.5 million units annually, he said.The new GM will have to fight hard to reverse market share losses, and Rattner said he anticipated that GM Chief Executive Fritz Henderson and Chairman Edward Whitacre would change the automaker's management structure to be a bit closer to the ground, a bit leaner and meaner.In the meantime, the government will monitor GM's progress in the same way as another institutional investor with a large stake in a company would -- looking after taxpayers' investment without meddling, he said. It will, however exercise voting powers to approve board members, but not other company decisions.We are not going to operate as a parallel board. We are not going to micromanage or get involved in day to day decisions. I've said many times, we're not picking colors of cars or things like that,Rattner said. (Additional reporting by Kevin Krolicki; editing by Leslie Gevirtz and Tim Dobbyn)

Mandelson warns of threat to single market By George Parker
Published: July 6 2009 03:00 | Last updated: July 6 2009 03:00

Lord Mandelson, business secretary, warned yesterday that Europe risks learning the wrong lessons from the financial crisis and posing a danger to the single market and the City of London.The former EU commissioner fears that some in Europe are using the crisis to call for weaker competition rules and a clampdown on parts of the Britain's financial services industry.He will present a paper on raising EU competitiveness to Nicolas Sarkozy, French president, at an Anglo-French summit today in the Alpine resort of Evian in France.In an interview with the Financial Times, Lord Mandelson said that while he agreed with the temporary loosening of EU competition rules to help companies struggling in the recession, he feared the changes could become permanent.There is no justification for having the rules permanently weakened, he said.That will create a threat to the single market.France has been a long-standing critic of what it sees as Brussels' over-zealous application of competition rules and is also a leading supporter of tougher rules to govern hedge funds and private equity funds.Lord Mandelson said Britain was supporting new, EU-level supervisory and regulatory powers for the financial services sector, but that it now expected a further degree of support from critics of Anglo-Saxon capitalism.I hope that the quid pro quo is understood and that people understand the need for balance,he said.We accept the need for reform but we will stand up for and defend important parts of the City of London.

Lord Mandelson, who has become the de facto deputy prime minister since returning from Brussels to Westminster last October, also criticises the European parliament for delaying the confirmation of José Manuel Barroso for a second term as European Commission president.The European parliament is entitled to assert its legitimate role but, at the at the expense of the member states' views or Europe's, needs to be strongly led at what remains a very dangerous time economically and financially, he said.Mr Barroso was endorsed for a second term by EU leaders at a summit in Brussels last June, but awaits confirmation by MEPs.At that summit he displayed a mastery of playing to different camps. While French journalists were told the president had set out a "Sarkoiste" vision for his next five years, Mr Barroso told the British he had been influenced by Lord Mandelson's thinking on competitiveness.Meanwhile, Gordon Brown, prime minister, will say today in Evian there is still work to do to safeguard the world economy, warning of rising oil prices, the continued ill-health of some banks and falling world trade.There are many voices saying that the worst of the downturn is over, he will say. But there is no room for complacency.The Financial Times Limited 2009

THE GLOBALIZATION OF BANKING AND REGULATORY STRUCTURE OF THE WORLD:CONCENTRATING TOTAL FINANCIAL POWER AT THE BANK FOR INTERNATIONAL SETTLEMENTS AND THE FINANCIAL STABILITY BOARD – Part II Joan Veon

Basle, Switzerland - There are those who have been predicting a time when there would appear a world government structure.That time is here. Many, however, have predicted that it would be political in power. That is not necessarily so. Although the United Nations has been an organizing power worldwide to harmonize national law with international law, they do not issue or print money—for that is the role of central banks. With the new and vast empowerments being given to the central banks of the world and with the restructuring of the Financial Stability Board, it appears that world government is financial and economic.The old adage is true,He who owns the gold makes the rules.The entire banking system of the world, with the exception of a few Muslim countries, is run by private corporations called central banks.America’s central bank, the Federal Reserve, was founded in 1913.People should understand that it is not Congress which runs America but the Federal Reserve because without the money and credit that it provides to banks and subsequently home owners, farmers, and businesses, would not be able to function.All one has to do is study the various past economic crises to know that they occurred when the national banking system cut off credit. There is no doubt that the 2008 Credit Crisis has helped everyone to see that it is the banks—primarily the international banks and the central banks which run the world.While the names of the shareholders of the Federal Reserve remain secret, many people believe that the large international banks are some of its owners. As a result of the Credit Crisis, the Bush Administration proposed the Blueprint for a Modernized Financial Regulatory Structure which was approved by current Treasury Secretary Timothy Geithner who then was president of the New York Federal. He is now proposing the Obama regulatory blueprint. Recently released, it calls for many of the same recommendations as the previous blueprint, which can be summarized as a total centralization of power:

• A New Financial Services Oversight Council of financial regulators to identify emerging systemic risks and improve interagency cooperation.
• New authority for the Federal Reserve to supervise all firms that could pose a threat to the financial stability, even those that do not own banks.
• Stronger capital and other prudential standards for all financial firms, and even higher standards for large, interconnected firms.
• A new National Bank Supervisor to supervise all federally chartered banks (and other financial institutions currently not under Federal Reserve oversight).
• Elimination of the federal thrift charter and other loopholes that allowed some depository institutions to avoid bank holding company regulation by the Federal Reserve.
• The registration of advisors of hedge funds and other private pools of Capital with the SEC.

Since most are not acquainted with our financial and regulatory structure, they will not appreciate the incredible transfer of power being given to the Federal Reserve, a private corporation. Once Congress passes the necessary law, the Fed will be given massive powers over the entire financial and economic industry, the insurance industry, non-banking institutions as well as the mortgage industry.While most Americans are hardly aware of the United Nations or World Bank, let alone the World Health Organization, it will be difficult to understand the two-pronged frontal attack: changing U.S. regulatory laws to correspond to global regulatory laws which are in the process of being strengthened and re-configured.The complexity is enormous and the areas affected are hardly known or at this time or truly understood.Sadly, Congress is so busy adjusting their togas, they do not understand that they no longer have the real power as it was given to the Federal Reserve in 1913.A very major piece of the new international architecture is the newly configured Financial Stability Board-FSB. At the spring meeting of the IMF/World Bank, NWV had asked former BIS Managing Director, Sir Andrew Crockett, now with JP Morgan, what the role, power and function would be of the FSB. He explained that while the chairs were still being arranged at the table, that it would act at the global level to oversee national stability risks, it would work with other regulators, it would review standards set by various board on the national level, and it would employ a ‘college of regulators’ that would define methodologies. At the inaugural meeting held on June 26-27 in Basel, FSB Chairman Mario Draghi, Governor of the Bank of Italy, provided a detailed report on its new structure.He explained,The FSB’s mandate is to assess vulnerabilities affecting the financial system; identify and oversee action needed to address them; promote coordination and information exchange among authorities responsible for financial stability; monitor and advise on market developments and their implications for regulatory policy; advise on and monitor best practice in meeting regulatory standards; undertake joint strategic reviews on the policy development work of the international standards setting bodies; set guidelines for and support the establishment of supervisory colleges; manage contingency planning for cross-broader crisis management; and collaborate with the IMF to conduct Early Warning Exercises.

The FSB was given an official plenary structure which would be like the structure of any other international body, like the plenary of the United Nations.It will be comprised of G20 central bank ministers, treasury secretaries, and regulatory authorities.It will have a Steering Committee and three Standing Committees: for Vulnerabilities Assessment; Supervisory and Regulatory Cooperation; and Standards Implementation.The Standing Committee for Supervisory and Regulatory Cooperation will address coordination issues that arise among supervisors and regulators and set guidelines for and oversee the establishment and effective functioning of supervisory colleges.A number of questions have been raised with regard to the college of supervisors which will be a key component of the FSB. In April, 2008, the G7 welcomed the idea of the college of supervisors to make the world’s financial markets less risky.Paulson’s blueprint and his recommendation to bring all of the different U.S. regulatory bodies under one agency is key to making the supervisory colleges work.Many on the international level wanted to be the one responsible for suggesting it, Gordon Brown of the UK being one of them.The supervisory college would monitor the world’s top 30 financial firms in order to have “effective cross-border supervision.This would be formally agreed to by Memorandum of Understanding which would describe how it will function, be organized and coordinate between supervisors, banks, and countries.The FSB will be comprised of the Group of Seven plus: Argentina, Australia, Brazil, China, Hong Kong SAR, India, Indonesia, Korea, Mexico, Netherlands, Saudi Arabia, South Africa, Spain, Switzerland, and Turkey. In addition the European Central Bank and the European Commission, as well a host of international financial institutions and international standard setting, regulatory and supervisory groups with participate.The above constitutes a total restructuring of the entire financial system, mortgage system, insurance industry, non-banking institutions, and any other entity connected with money on a worldwide basis. While the central banks control the monetary system, they are now being given complete centralization of these financial powers.Congress can argue about whether or not they will put all of our regulatory agencies under one roof, but the real truth is that they don’t have the power to do that for he who owns the gold makes the rules.The Federal Reserve, along with Treasury has already been playing a major role to help set in place the new financial and regulatory infrastructure.In short, what comes after this will probably be a global currency that will lead to a time of total control under a cashless system.The BIS would not answer NWVs questions about a change to the Special Drawing Right from the dollar. BIS Managing Director Jaime Caruana commented, “Repairing the financial system and building a more resilient one for the future also requires broad-based efforts involving cooperation between government and the private sector.At the same time, we need to resist the move towards protectionism; mounting that resistance puts a premium on international cooperation and a heightened sense of shared responsibility.It is ironic that here in Basle, the home of the Bank for International Settlements, the Rathaus, built in the early 1500s which was the center of town at that time, has written in gold a statement that is timeless, Freedom is better than gold and silver.

World Bank: 2009 Remains Dangerous Year Monday, July 6, 2009 9:43 AM

In his letter, Zoeliick said idespite interventions by central banks and governments appeared to have broken the fall in the global economy,2009 remains a dangerous year. Recent gains could be reversed easily, and the pace of recovery in 2010 is far from certain,he cautioned. (AFP/Getty Images)GENEVA -- The Group of Eight nations should not presume a global economic recovery is near, World Bank President Robert Zoellick said in a letter to G8 host Italian Prime Minister Silvio Berlusconi obtained by Reuters on Monday.The letter, dated July 1 and copied to all G8 leaders, said interventions by central banks and governments appeared to have broken the fall in the global economy by stabilizing financial markets and boosting demand.Yet 2009 remains a dangerous year. Recent gains could be reversed easily, and the pace of recovery in 2010 is far from certain,Zoellick wrote.I recognize that some developed countries are now considering a policy mix that assumes the recovery is at hand. But for the developing world, it is far too early to think of such measures.The G8 heads of government are expected to issue a statement on the situation of the world economy during their meeting in the central Italian city of L'Aquila, where financial regulation needs will be discussed alongside perspectives on the Middle East, Iran, North Korea and Somali piracy.In his letter, Zoellick stressed the July 8-10 summit should also "focus on the plight of the poor in the developing world.The World Bank estimates that the gross domestic product of developing countries except for China and India will decline by 1.6 percent this year.

A decline in the average GDP growth rate in developing countries by 1 percentage point can trap as many as 20 million more people in extreme poverty,Zoellick wrote, stressing drops in remittances, exports, investments and tourism revenues will continue to hurt poorer countries for some time.Fragile countries in Africa are most at risk, hit by higher unemployment rates, especially among young people, increasing the risk of a relapse into conflict,he said.Unlike developed countries, most developing countries are not in a position to borrow and spend to reverse the downward spiral.In the year to June 30, the World Bank committed $60 billion in aid to developing nations, much of it for infrastructure projects. Zoellick said wealthy nations should not hold back on further aid commitments in spite of the economic uncertainty.These investments will also help the people of your countries by boosting global demand and encouraging the development of multiple poles of more balanced growth,Zoellick wrote the G8, which is made up of Italy, France, Germany, Britain, Canada, Russia and the United States.A copy of the letter was also sent to U.N. Secretary-General Ban Ki-moon, who said earlier on Monday in Geneva the global financial downturn has pushed as many as 90 million more people into extreme poverty worldwide.2009 Reuters.

From The Sunday Times July 5, 2009 Tony Blair: I’m a planet-saving kinda guy
The former PM has a new green masterplan: it won’t mean giving up our energy-rich lifestyle but it will cost us billions Jonathan Leake: News Review interview

The silence from Tony Blair is so long it’s embarrassing. He has just spent 15 minutes enthusing about his new global report about how technology can help the world to combat climate change when the obvious question arose: what has he done to make his own life more sustainable? Er . . . (long silence) . . . We’ve got solar panels on our house.Which one (he has a handful)? The London one.Another long silence, then an aide mentions the offsets: Ah yes, we offset our travel, too. More silence: And we have some home insulation.It is an awkward interlude. Blair is about to launch himself onto the world stage in yet another new role: as an evangelist for world-saving green technology. Tomorrow he will launch Technology for a Low Carbon Future, a report put together with the Climate Group, setting out his arguments. Since it has been months in the making, the lack of prepared answers about his own life is odd.

His recovery, however, is swift. Blair may not be familiar with his own energy needs but for the rest of the world the solution is simple. We should let science into our lives and just go on getting and spending. The answer to climate change,he says solemnly, “is the development of science and technology. Yes, we will get changes in the way we consume but we will be consuming differently, not necessarily less. People are not going to return to the 19th century. The critical thing is to use the technologies we have and to incentivise the development of new ones. That is the only practical way we will make this thing work.As statements go, this is breathtaking. For the past few years scientists have been issuing ever gloomier warnings about climate change.Some have even called for a deliberate and sustained global recession as the only way to cut emissions. Blair, however, is having none of it. He has a new-found faith in science and is determined to spread the word.The only way we will succeed . . . is if we develop new technology,he reiterates.If you say the future is that people won’t travel or won’t use cars, then no, I don’t agree. I think what people are looking for is clean energy ways of doing these things. They are not going to buy a return to the past.So far, so clear. But why has Blair stepped into the climate debate? Hasn’t he got enough on his plate, what with resolving the Middle East conflict, writing his memoirs and lobbying for the post of Europe’s first president? And where did this sudden faith in science’s power to solve climate change — shared by few bona fide scientists — come from in the first place? Part of the answer lies in the timing. Blair’s report comes as the world prepares for December’s United Nations climate talks in Copenhagen, where more than 180 countries will try to agree on cutting greenhouse gas emissions.

The challenges are daunting.

The world emits the equivalent of 53 billion tons of CO2 a year — and rising fast. That needs to fall to 20 billion tons by 2050 if we are to stand any chance of keeping the global temperature rise below 2C. It means that each of the 9-10 billion people alive by then will have to limit themselves to no more than 2 tons of CO2 a year. Considering that your average Briton currently generates 10 tons and the average American 22 tons, the difficulty is obvious. Blair, however, insists that we can hit that target without pain: westerners can keep flying, driving and consuming while those in developing countries can realistically aspire to the same things. What’s more, he suggests, low-carbon technologies can be infiltrated into our lives so subtly that they go almost unnoticed.The biggest single thing you need to make a difference in a person’s life is that instead of getting their energy from a carbon-based fuel they will get it from a non-carbon source,he says. They won’t necessarily even see that change unless we get to microgeneration where we all generate energy from our homes. You might have an electric vehicle powered by clean energy. But people are not going to stop using cars.It is in the longer term, post 2020, that Blair’s vision for deploying science and technology really kicks in. He foresees, for example, a world where carbon sequestration plants would sprout like dandelions. Sited next to power stations and other large polluters, these units would strip CO2 from the gases they emit and bury it underground. In theory, such a technology would have the power to remove billions of tons of potential emissions each year. Alas, so far, that technology exists largely in the heads of engineers. Only a handful of plants have been built and all have been small — designed for demonstration only. In Blair’s brave new world there will also be dozens of nuclear power stations, probably including fast-breeder reactors — the type that produce not only power but also lots of nuclear material suitable for fuelling more such plants. There will be massive investment in research into biofuels, along with the replacement of all petrol and diesel vehicles with others powered by electricity or hydrogen.

What we are talking about is a revolution in the way we produce and consume energy, travel and design and manage our urban and rural environments,says Blair, eyes gleaming.The only way we will succeed in this is if we develop the technologies, starting from now. That is why our report is very practical about finding technological ways of solving this problem.Blair’s faith in science to achieve such changes seems unbounded, which is odd, given that he has no formal scientific training and used to speak out vigorously against the expansion of nuclear power when Labour was in opposition. He does, however, have a history of investing huge faith in whatever people, issues or causes he chooses to adopt — sometimes in the face of all evidence to the contrary. His critics might cite the dodgy dossier, on which he based many of the arguments for the invasion of Iraq, his support for George W Bush and Peter Mandelson, and even his religious beliefs. This time, where does his belief come from? Some trace the change to the arrival in Downing Street in 2000 of a new government chief scientist — David King. Until then, most government scientists had made little impression on policy making, but King got lucky. Just a few months after his arrival, Blair’s election plans were thrown into disarray by an outbreak of foot and mouth — and King was called in to solve it.His ability to use statistical analysis to predict and control the outbreak so impressed Blair that King gained a place at the top table. He used that privilege to great effect and was credited with prompting Blair into several big policy shifts, including taking an increasing interest in climate change.King described how he made this conversion happen in an interview with this newspaper last year. He told how, in 2002, he had engineered the opportunity to give the Zuckerman lecture for the British Association for the Advancement of Science (now the British Science Association), choosing climate change as his topic.Then he delivered the same lecture to Blair and the cabinet, both in person and on paper. For Blair, that was a turning point,he said.It was when he read that lecture he realised we had to do something about climate change.Blair’s new convert passion, married to his natural optimism, has a certain persuasive power if you don’t study the numbers too closely. He’s not just optimistic about science, though, he’s optimistic about the resolve of world leaders, too. And that’s an altogether tougher sell.Policy makers have undergone a paradigm shift in thinking,he says.I first put climate change on the G8 agenda in 2005. I had to struggle to do it and we came out with a rather general formulation about the 2050 targets for cutting emissions.In the four years since then, however, we have come a huge way. The new US administration is supporting legislation in Congress and Japan has changed its position.

Well, they may believe it — but will they be able to act on it? The basis of the Copenhagen talks, and of Blair’s vision, is that developed nations can be persuaded to invest hundreds of billions of pounds in technologies such as carbon sequestration and new nuclear. On developing such systems they will — or so the rhetoric goes — promptly hand over the technology, plus money to build it, to countries such as India and China.For Blair the logic is obvious. If we do not involve those poorer countries, they are not going to be able to implement these measures and their emissions will expand, wiping out any cuts we make,he says.They need help and it’s in our interests that they get that help.Voters may not see it that way. Instead they will see vast sums of western money — Blair’s own report puts it at up to £98 billion annually, starting next year — being sent to fast-growing rival economies in the East. And, credit-crunched as they are, they may not like it.How will western voters be persuaded? Another brief silence — then a certainty that his critics will recognise all too well: We will just have to find a way.

Dawkins funds atheist summer camp.Arch-atheist Richard Dawkins has helped launch a summer camp aimed at changing the way children think By Rachel Helyer Donaldson FIRST POSTED JUNE 29, 2009

Richard Dawkins, the evolutionary biologist and author of The God Delusion, has helped launch an atheist summer camp for children. Alongside the more traditional activities of tug-of-war, swimming and canoeing, children at the five-day camp in Somerset will learn about rational scepticism, moral philosophy, ethics and evolution.Camp-goers aged eight to 17 will also be taught how to disprove phenomena such as crop circles and telepathy. In the Invisible Unicorn Challenge, any child who can prove that unicorns do not exist will win a £10 note which features an image of Charles Darwin, the father of evolutionary theory signed by Dawkins, Britain's most prominent atheist.Dawkins is not personally involved in Camp Quest, which originated in the United States, but helped subsidise the cost of the camp through his Richard Dawkins Foundation. The former Oxford professor said Camp Quest provided children with a summer camp that was free of religious dogma, unlike many adventure breaks which are run by the Scouts and faith-based groups. All 24 places at the camp, which runs from July 27 to 31, have already been filled and more camps are planned for next year, including Easter.Camp Quest was founded in America in 1996 by Edwin Kagin, an atheist lawyer from Kentucky and the son of a church minister. The woman bringing the concept to Britain is a 23-year-old postgraduate psychology student from London, Samantha Stein, who was inspired to work at an atheist summer camp in America after reading The God Delusion.Stein said the atheist adventure breaks were not about changing what they think, but the way that they think. There is very little that attacks religion; we are not a rival to religious camps.

MUSLIM NATIONS

EZEKIEL 38:1-12
1 And the word of the LORD came unto me, saying,
2 Son of man, set thy face against Gog,(RULER) the land of Magog,(RUSSIA) the chief prince of Meshech(MOSCOW)and Tubal,(TOBOLSK) and prophesy against him,
3 And say, Thus saith the Lord GOD; Behold, I am against thee, O Gog, the chief prince of Meshech(MOSCOW) and Tubal:
4 And I will turn thee back, and put hooks into thy jaws,(GOD FORCES THE RUSSIA-MUSLIMS TO MARCH) and I will bring thee forth, and all thine army, horses and horsemen, all of them clothed with all sorts of armour, even a great company with bucklers and shields, all of them handling swords:
5 Persia,(IRAN,IRAQ) Ethiopia, and Libya with them; all of them with shield and helmet:
6 Gomer,(GERMANY) and all his bands; the house of Togarmah (TURKEY)of the north quarters, and all his bands:(SUDAN,AFRICA) and many people with thee.
7 Be thou prepared, and prepare for thyself, thou, and all thy company that are assembled unto thee, and be thou a guard unto them.
8 After many days thou shalt be visited: in the latter years thou shalt come into the land that is brought back from the sword, and is gathered out of many people, against the mountains of Israel, which have been always waste: but it is brought forth out of the nations, and they shall dwell safely all of them.
9 Thou shalt ascend and come like a storm, thou shalt be like a cloud to cover the land, thou, and all thy bands, and many people with thee.(RUSSIA-EGYPT AND MUSLIMS)
10 Thus saith the Lord GOD; It shall also come to pass, that at the same time shall things come into thy mind, and thou shalt think an evil thought:
11 And thou shalt say, I will go up to the land of unwalled villages; I will go to them that are at rest, that dwell safely, all of them dwelling without walls, and having neither bars nor gates,
12 To take a spoil, and to take a prey; to turn thine hand upon the desolate places that are now inhabited, and upon the people that are gathered out of the nations, which have gotten cattle and goods, that dwell in the midst of the land.

ISAIAH 17:1
1 The burden of Damascus. Behold, Damascus is taken away from being a city, and it shall be a ruinous heap.

PSALMS 83:3-7
3 They (ARABS,MUSLIMS) have taken crafty counsel against thy people,(ISRAEL) and consulted against thy hidden ones.
4 They have said, Come, and let us cut them off from being a nation; that the name of Israel may be no more in remembrance.
5 For they (MUSLIMS) have consulted together with one consent: they are confederate against thee:(TREATIES)
6 The tabernacles of Edom,and the Ishmaelites;(ARABS) of Moab, and the Hagarenes;
7 Gebal, and Ammon,(JORDAN) and Amalek;(SYRIA) the Philistines (PALESTINIANS) with the inhabitants of Tyre;(LEBANON)

DANIEL 11:40-43
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.

EZEKIEL 39:1-8
1 Therefore, thou son of man, prophesy against Gog,(LEADER OF RUSSIA) and say, Thus saith the Lord GOD; Behold, I am against thee, O Gog, the chief prince of Meshech (MOSCOW) and Tubal: (TUBOLSK)
2 And I will turn thee back, and leave but the sixth part of thee, and will cause thee to come up from the north parts,(RUSSIA) and will bring thee upon the mountains of Israel:
3 And I will smite thy bow out of thy left hand, and will cause thine arrows to fall out of thy right hand.
4 Thou shalt fall upon the mountains of Israel, thou, and all thy bands,( ARABS) and the people that is with thee: I will give thee unto the ravenous birds of every sort, and to the beasts of the field to be devoured.
5 Thou shalt fall upon the open field: for I have spoken it, saith the Lord GOD.
6 And I will send a fire on Magog,(NUCLEAR BOMB) and among them that dwell carelessly in the isles: and they shall know that I am the LORD.
7 So will I make my holy name known in the midst of my people Israel; and I will not let them pollute my holy name any more: and the heathen shall know that I am the LORD, the Holy One in Israel.
8 Behold, it is come, and it is done, saith the Lord GOD; this is the day whereof I have spoken.

JOEL 2:3,20,30-31
3 A fire(NUCLEAR BOMB) devoureth before them;(RUSSIA-ARABS) 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.
20 But I will remove far off from you the northern army,(RUSSIA,MUSLIMS) and will drive him into a land barren and desolate, with his face toward the east sea, and his hinder part toward the utmost sea, and his stink shall come up, and his ill savour shall come up, because he hath done great things.(SIBERIAN DESERT)
30 And I will shew wonders in the heavens and in the earth, blood, and fire, and pillars of smoke.(NUCLEAR BOMB)
31 The sun shall be turned into darkness, and the moon into blood, before the great and the terrible day of the LORD come.

INVENTION OF THE ATOMIC BOMB.

2 PETER 3:10-11
10 But the day of the Lord will come as a thief in the night; in the which the heavens shall pass away with a great noise, and the elements shall melt with fervent heat, the earth also and the works that are therein shall be burned up.
11 Seeing then that all these things shall be dissolved, what manner of persons ought ye to be in all holy conversation and godliness,

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.

OBAMA IN RUSSIA TO STRENGTHEN RELATIONS
http://www.cnbc.com/id/15840232?video=1174040887&play=1
http://www.cnbc.com/id/15840232?video=1174052662&play=1

Obama, Medvedev agree to deal to cut nuke weapons By STEVEN R. HURST, Associated Press Writer JULY 6,2009

MOSCOW – Presidents Barack Obama and Dmitry Medvedev confidently committed to a year-end deal to slash nuclear stockpiles by about a third on Monday, but the U.S. leader failed to crack stubborn Kremlin objections to America's missile defense plans — a major stumbling block to such an agreement.Both men renewed pledges to pull U.S.-Russian relations out of the dismal state into which they had descended during the eight years of the Bush administration. And to that end, they signed a series of agreements and joint statements designed to enliven and quicken contacts on a broad range of issues including cooperation on Afghanistan, a key Obama foreign policy objective.Obama said the leaders both felt relations had suffered from a sense of drift. President Medvedev and I are committed to leaving behind the suspicion and rivalry of the past.

His host expressed similar good will.

This is the first but very important step in improving full-scale cooperation between our two countries, which would go to the benefit of both states,the Russian leader said. But he injected a note of caution, saying discussions so far cannot remove the burden of all the problems.There was no statement of Russian readiness to help the United States persuade Iran to abandon its nuclear ambitions, even though Obama's top Russia adviser, Michael McFaul, told reporters in a post-meeting briefing that Iran dominated the two leaders' private meeting that opened the summit. Talks continued in an expanded session that included 12 advisers for each president.For all the upbeat public statements, a pall of disagreement on missile defense and NATO expansion lingered over the glittering Kremlin hall where Obama and Medvedev answered reporters' questions. Obama said the meetings had been frank,diplomatic speak for difficult.Obama sits down on Tuesday with Medvedev's patron and predecessor as president, Prime Minister Vladimir Putin, the target of a verbal poke from the U.S. president last Friday. In a pre-summit interview with The Associated Press, Obama said Putin still had one foot in the old, Cold War way of doing things.While Medvedev insisted on Monday that a replacement to the keystone START I nuclear arms reduction treaty, which expires Dec. 5, must be linked to Russian concerns about the U.S. missile defense program in Eastern Europe, it remained unclear if the Kremlin was prepared to scuttle the negotiations over that issue.Gary Samore, Obama's chief adviser on weapons of mass destruction and arms control, told reporters he did not believe the Russians were prepared to walk away.I think at the end of the day — because our missile defense does not actually pose a threat to Russia's strategic forces — I think they'll be prepared to go ahead without trying to extract a price on missile defense.And McFaul said it had been made crystal clear from the beginning that negotiations about a START replacement would not include any missile defense issues.Washington insists the defense program is designed only to protect European allies from missile attack by Iran.

Hoping to ease Kremlin concerns, Obama promised that an assessment of whether the missile defense would actually work would be finished by late summer, earlier than expected, and that he would share initial U.S. thoughts with Medvedev.Obama also said he understood in principle that arms control must take into account both offensive and defensive weapons. But he insisted the missile defense installations planned for Poland and the Czech Republic would pose no threat to Russia. He said they were not being built to intercept missiles from a mighty Russian arsenal.Obama does not approach the missile defense issue with the same fervor as former President George W. Bush, whose administration was responsible for reaching agreement with the two former Soviet satellites to serve as sites for the system.The planned START replacement pact — the centerpiece summit agreement — calls for each side to reduce strategic warheads to a range of 1,500 to 1,675, and strategic delivery vehicles to a range of 500 to 1,100. Current limits allow a maximum of 2,200 warheads and 1,600 launch vehicles. The new treaty, as conceived, would run for 10 years. Each side would have seven years to reach reduction goals with the final three years used for verification.

Medvedev called the plan a reasonable compromise.

Among the deals meant to sweeten Obama's two days of talks here and show progress toward resetting U.S.-Russian ties was a joint statement on Afghanistan. It included a deal to allow the United States to transport arms and military personnel across Russian land and airspace into Afghanistan.The White House said that would save $133 million a year, through a transit fee waiver, shorter flying times and fuel savings.

The presidents outlined other areas in which they said their countries would work together to help stabilize Afghanistan, including increasing assistance to the Afghan army and police, and training counternarcotics personnel. A joint statement said they welcomed increased international support for upcoming Afghan elections and were prepared to help Afghanistan and Pakistan work together against the common threats of terrorism, extremism and drug trafficking.Among other side agreements was the resumption of military cooperation, suspended after Russia invaded neighboring Georgia last August and sent relations into a nosedive. Last August, after the Georgian president ordered his military to try to retake the breakaway region of South Ossetia, Russia invaded and crushed the tiny nation's military. McFaul said Obama would never accept Russia's contention that South Ossetia and Abkhazia, another breakaway Georgia region, are no longer part of Georgia.Putin has voiced deep anger with Georgia's coziness with the United States as it lobbies to join NATO, and the standoff about Georgia is likely to be a central issue when Putin meets with Obama on Tuesday.Obama also will deliver a speech Tuesday to graduates of Moscow's New Economic School in a bid to reach out to the Russian people. In addition, he plans to meet with opposition leaders who are continually under government pressure for their complaints about retreating democracy and freedom under Putin.Associated Press Writer Ben Feller contributed to this report.

CHINA AND KINGS OF THE EAST MARCH TO ISRAEL 2ND WAVE OF WW3

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)

EU scrambles for information on China violence
ANDREW RETTMAN Today JULY 7,09 @ 14:31 CET

EUOBSERVER / BRUSSELS - The EU has for the past 48 hours kept mostly silent on the ethnic clashes in China, as diplomats struggle to pin down the facts.With at least 156deaths and 1,400 arrests after fighting erupted between ethnic Uighur and Han Chinese people on Sunday (5 July), the unrest is the most serious to hit the country since the 1989 Tiananmen Square massacre.Amnesty International has called for an independent and impartial enquiry into the events amid fears the EU will treat its giant trade partner with kid gloves.We shouldn't be seeing these issues undermined by trade or other economic considerations. There should be no special cases, the advocacy group's Brussels director, Nicolas Berger, said.The EU reaction has so far been limited to remarks by outgoing EU parliament president Hans-Gert Poettering and a European Commission spokeswoman.We call for an end to violence and for access to independent media. We regret the loss of every individual life and the suffering of injured persons,commission spokeswoman Christiane Hohmann told EUobserver on Tuesday.

The news which is emerging of how these protests were handled is disturbing, Mr Poettering said on Monday.The Swedish presidency has circulated a draft EU statement to member states but the official reaction has been hampered by lack of access to information.The fighting in Urumqi in the remote Xinjiang province is taking place over 4,000 km away from EU diplomatic missions in Beijing, with Chinese authorities limiting access to foreign press and observers.Some of the embassies have contacts in the region and we are trying to use these as best we can,one EU diplomat told this website.We have been voicing our concern over the treatment of the Uighur minority since the 1980s. There is no question of treating China as a special case.Amnesty International says the violence began after a peaceful Uighur demonstration against Chinese police. It accuses Beijing of systematic and extensive human rights violations against the Muslim minority, including restrictions on freedom of worship, language and arbitrary arrests.China is the EU's second largest export partner after the US. But bilateral relations have frayed in recent months.Beijing in December abruptly cancelled an EU summit after French president Nicolas Sarkozy met with Tibetan dissident the Dalai Lama in Poland.The China summit eventually took place in the Czech Republic in May. But the meeting was marked by Beijing's warning for Europe not to meddle in its internal problems.In conducting strategic co-operation between China and the EU, the most important thing is to stick to the principles of mutual respect and not interfere in each other's internal affairs,Chinese premier Wen Jiabao said in Prague.

China arrests 1,434 after deadly Xinjiang riots By WILLIAM FOREMAN, Associated Press Writer JULY 6,09

URUMQI, China – China's state news agency says police have arrested 1,434 suspects in connection with the worst ethnic violence in decades in the western Xinjiang region, which killed at least 156 people.Xinhua News Agency did not immediately give any further details Tuesday.In Urumqui, where the riots took place Sunday, hundreds of paramilitary police with shields, rifles and clubs have taken control of the streets. Mobile phone service and the social networking site Twitter have been blocked, and Internet links have been cut or slowed down.The unrest began after 1,000 to 3,000 protesters gathered at the People's Square and protested the June 25 deaths of Uighur factory workers killed in a riot in southern China. Xinhua said two died.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.URUMQI, China (AP) — Chanting Strike down the criminals,hundreds of paramilitary police with shields, rifles and clubs took control of the streets Monday in the capital of western China's Muslim region, a day after the deadliest ethnic violence in decades.State media said at least 156 people were killed in the unrest, which did not bode well for China's efforts to mollify long-simmering ethnic tensions between the minority Uighur people and the ethnic Han Chinese in Xinjiang — a sprawling region three times the size of Texas that shares borders with Pakistan, Afghanistan and other Central Asian countries.As darkness fell, security forces became especially tense and ordered residents off the roads near the main gate at Xinjiang University — the scene of some of the worst clashes Sunday.As people watched from an apartment building across from the school, riot police in green camouflage uniforms and helmets pointed long sticks at the gawkers and barked, Close those windows! Mobile phone service and the social networking site Twitter were blocked, and Internet links were also cut or slowed down. Some videos were posted on YouTube.

The government often says the Uighurs should be grateful for the roads, railways, schools, hospitals and oil fields it has been building in Xinjiang, a region known for scorching deserts and snowy mountain ranges.Many Uighurs (pronounced WEE-gers) haven't been wooed by the rapid economic development. Some want independence, while others feel they're being marginalized in their homeland. The Han — China's ethnic majority — have been flooding into Xinjiang as the region becomes more developed.A similar situation exists in Tibet, where a violent protest last year left many Tibetan communities living under clamped-down security ever since.The Han Chinese say we all belong to the same country. We're all part of one big family, said Memet, a restaurant worker who like other Uighurs declined to give his full name because he feared the police. But the Han always treat us separately.A Han Chinese shopkeeper, who only gave his surname Wang because the ethnic issue is so sensitive, disagreed. Those who cause such trouble are criminals,he said.They're never happy with what they have.Sunday's violence was notable because it happened in Xinjiang's capital, Urumqi, which has been relatively peaceful and hasn't been a hotbed of religious or political agitation. In other restive Xinjiang cities, red propaganda banners are filled with slogans encouraging ethnic harmony. But most of the banners in Urumqi touted anti-drug and fire prevention campaigns.The population of 2.3 million is also overwhelmingly Han Chinese in the city, a mixture of drab concrete apartment blocks and gleaming new office towers.The latest unrest began after 1,000 to 3,000 protesters — mostly students — gathered downtown at the People's Square and protested the June 25 deaths of Uighur factory workers killed in a riot in southern China. Xinhua said two died; others say the real figure was higher. There were several hundred people who marched past my shop. I didn't feel threatened. They were peaceful and chanting,Uighurs will be victorious,said a convenience store clerk who only gave her surname, Zhang.Poor quality amateur video purportedly showed a surging crowd of hundreds running through traffic. It was shot from an upper floor of a building and was posted on YouTube.The police eventually showed up in force, and it's unclear who struck first.Rioters began flipping over barricades, smashing shop windows and burning cars, according to media and witness accounts. Glass still littered the sidewalks and streets that were eerily quiet Monday because most shops and office buildings were closed. A white car being towed away was splattered with blood, and there was a large red stain on the stone steps of a hotel in the biggest Uighur district.State television video showed protesters attacking and kicking people on the ground, and the government said many Han Chinese were injured by rampaging Uighurs.

In the video, people who appeared to be Han Chinese sat dazed with blood pouring down their faces.There was little immediate explanation for how so many people died. The official Xinhua News Agency said 156 died, but it didn't give other details. There were no independent figures on the ethnic breakdown of the casualties, but many were believed to be Uighurs.Wu Nong, director of the news office of the Xinjiang provincial government, said 828 people were wounded, more than 260 vehicles were attacked or set on fire, and 203 shops were damaged. Memet, the 36-year-old restaurant worker, said he saw People's Armed Police attack Uighur students outside Xinjiang University.First they fired tear gas at the students. Then they started beating them and shooting them with bullets. Big trucks arrived, and students were rounded up and arrested,he said.Chinese officials singled out the leader of the U.S.-based Uyghur American Association — Rebiya Kadeer, a former prominent Xinjiang businesswoman now living in Washington — for inciting the violence.Rebiya had phone conversations with people in China on July 5 in order to incite, and Web sites ... were used to orchestrate the incitement and spread propaganda,Xinjiang Gov. Nur Bekri said Monday on television.Xinjiang's top Communist Party official, Wang Lequan, said: We must tear away Rebiya's mask and let the world see her true nature.Kadeer said Monday that she had learned through Web sites of the planned protests and called her brother to urge him and other family members to stay away. The Chinese government always blames me and the World Uyghur Congress for problems over there,Kadeer said in Washington, D.C. Any Uighur who dares to express the slightest protest, however peaceful, is dealt with by brutal force.While she blamed the government for the recent violence, she also condemned the violent actions of some of the Uighur demonstrators and said her organization only supports peaceful protests.

The government has accused Kadeer of having a hand in many of Xinjiang's problems since her release from prison into U.S. exile in 2005. The Foreign Ministry has publicly accused the 62-year-old of having links to the East Turkestan Islamic Movement, a group the U.S. put on its terrorist blacklist.Witnesses reported a new, smaller protest Monday in a second city, Kashgar, home to the Id Kah Mosque, the biggest in Xinjiang.In Urumqi, most Han Chinese stayed indoors and many Han taxi drivers refused to drive into Uighur neighborhoods, where the air was filled with the scent of lamb kebabs cooking over long grills. Although more Uighurs were on the streets, they said they were worried about being picked up by police, who were still arresting protest suspects.I went outside last night and saw all the chaos and went back inside,said a Uighur office worker who only gave her given name, Guli.I heard a lot of gunfire. Then today, the police were questioning people and visiting homes. My biggest fear is that I'll say the wrong thing to the police, and then it will be all over for me,Guli said, making a throat-slashing gesture with her hand.Hundreds of paramilitary police sealed off a wide boulevard in front of the university, where witnesses said scores of protesters were killed. They chanted, Strike down criminals, uphold the law.In the evening, they dispersed crowds of Uighurs by yelling,For your own safety, go home.As a middle-aged Uighur woman shuffled away, she said sarcastically under her breath,It's always safety first here.The paramilitary police then began marching through the empty streets in Uighur neighborhoods in tight columns with an armored troop carrier following them. The security forces were all Han Chinese, and some Uighurs rolled their eyes or made funny faces after the police walked by chanting, Let's protect Xinjiang!

Italy, China sign 1 bln euros in trade accords JULY 6,09

ROME (AFP) – Italy and China signed deals worth a total of more than one billion euros Monday including a joint venture between auto giant Fiat and the Guangzhou Automobile Industry Group (GAIG), officials said.The accords were signed during a visit by Chinese President Hu Jintao, who will attend the Group of Eight summit starting Wednesday in L'Aquila, central Italy.The Italian and Chinese trade ministers signed protocols to boost investments in each other's countries as well as on cooperation in technology and tourism.Fiat and GAIG signed an accord to build a joint factory in China, an investment worth more than 400 million euros (550 million dollars), the Italian group said.Production is set to begin in the second half of 2011with an initial annual output of 140,000 Fiat Lineas, a medium-sized family car, and 220,000 T-Jet engines of 120 and 150 horsepower.The pace is expected to rise to 250,000 cars and 300,000 engines, Fiat said.It's an important phase, with a strong partner, in Fiat's internationalisation, Fiat chairman Luca Cordero di Montezemolo told reporters.The Italian group a month ago signed an alliance with struggling US automaker Chrysler, taking a 20 percent stake that could rise to 35 percent and eventually to a majority share.Fiat however is almost certain to lose a bid to take over German carmaker Opel, a subsidiary of US carmaker General Motors.Canadian auto parts maker Magna is the favourite in that operation.Also Monday, Italian insurer Generali said it would acquire a 30 percent stake in the Chinese asset management group Guotai for around 100 million euros (139 million dollars).

U.N. council condemns N.Korea missile launch By Patrick Worsnip JULY 6,09

UNITED NATIONS (Reuters) – The U.N. Security Council on Monday condemned North Korea's latest ballistic missile launches as a violation of council resolutions and a threat to regional and international security.Pyongyang fired seven missiles into the Sea of Japan on Saturday -- the U.S. July 4 Independence Day -- in an apparent act of defiance of Washington, which has cracked down on firms suspected of helping the North in its arms and missiles trade.The launches also alarmed Japan and South Korea, which are within range of North Korean missiles. Japan -- currently an elected council member -- said it had requested Monday's meeting of the 15-nation body.The members of the Security Council condemned and expressed grave concern at the launches, which constitute a violation of U.N. Security Council resolutions and pose a threat to regional and international security,council president Ambassador Ruhakana Rugunda of Uganda said.North Korea, which was banned from ballistic missile launches in a Security Council resolution passed last month, must comply fully with its obligations,Rugunda said in an oral statement read to journalists.Security Council members appealed to all parties to refrain from any action that could aggravate the security situation in the region,he added.Oral statements, which are not entered into the official record of Security Council proceedings, are the lowest level of council utterance. Western diplomats said they would have liked something more formal but were anxious to win the agreement of China, the closest Pyongyang has to an ally on the council.Council statements have to be unanimous and for China, only an oral statement would work,one diplomat said, adding that during discussions Chinese officials appeared quite nervous about how far the statement would go.North Korea appears to have fired two mid-range Rodong missiles, which can hit all of South Korea and most of Japan, and five shorter-range Scud missiles, which can strike most of South Korea, South Korean officials told reporters.

CARGO SHIP RETURNING

Japan's U.N. ambassador, Yukio Takasu, called Monday's statement appropriate but refused to speculate on what the council might do if North Korea ignores its message.
In the resolution passed last month, the Security Council expanded previous U.N. sanctions against Pyongyang in response to a May 25 nuclear test by the isolated communist state.A U.N. sanctions committee is working on blacklisting more North Korean companies and individuals for supporting Pyongyang's nuclear and missile programs. It is meant to complete its task by Friday.A North Korean cargo ship suspected of carrying banned arms was expected to return home on Monday after a voyage that was tracked by the U.S. Navy and tested the U.N. sanctions, South Korean Defense Ministry spokesman Won Tae-jae said.The return of the Kang Nam, which set sail in mid-June, could ease tensions raised by the missile launches. South Korean dailies said it was headed for the North's port of Nampo after a journey that took it close to Myanmar.A U.S. envoy coordinating the enforcement of U.N. sanctions on the North held talks in Malaysia with officials. South Korean dailies said they discussed possibly shutting down bank accounts used by the North for suspected illicit deals.

The Obama administration has uncovered suspicious North Korean bank accounts in Malaysia,the Joongang Ilbo newspaper quoted a diplomatic source in Washington as saying.Malaysian Foreign Minister Anifah Aman said: We are not going to act on every accusation that is being leveled at us ... but if they have evidence we will be most willing to work together to solve this problem.A U.S. Treasury official who tracks illicit international financing will have talks in China this week on ways to crack down on companies involved in North Korea's purchases of equipment for its nuclear arms program. Stuart Levey, undersecretary of the Treasury for terrorism and financial intelligence, will hold meetings from Wednesday to Friday with officials and private sector executives in mainland China and Hong Kong, the Treasury said on Monday.The U.N. sanctions are aimed at halting Pyongyang's arms trade, a vital source of foreign currency for the cash-short state. They also call on states to clamp down on the North's suspected arms shipments.(Additional reporting by Jack Kim and Christine Kim in Seoul and Razak Ahmad in Kuala Lumpur; editing by Mohammad Zargham)

Security Council slams NKorean missile launches by Gerard Aziakou JULY 6,09

UNITED NATIONS (AFP) – The Security Council on Monday condemned North Korea's weekend missile launches as a violation of UN resolutions as well as a threat to regional and international security.Ugandan Ambassador Ruhakana Rugunda, who chairs the 15-member body this month, said that members condemned and expressed grave concern over Saturday's North Korean ballistic missile launches.The launches constitute a violation of UN Security Council resolutions and pose a threat to regional and international security, he said in a relatively mild, non-binding statement.Council members reiterated that Pyongyang must comply fully with its obligations and relevant resolutions and appealed to all parties to refrain from any action that would aggravate the security situation in the region.They also expressed their commitment to a peaceful, diplomatic and political solution and vowed to continue to closely monitor the situation and act as appropriate in accordance to the UN Charter.Japanese Ambassador Yukio Takasu, whose country feels most threatened by Pyongyang's nuclear and ballistic missile programs and who had requested the council meeting, immediately welcomed the statement.During the council debate, some members underscored the need to maintain pressure on the Stalinist state while others argued that diplomacy should be given an opportunity to find a solution and that the (latest) provocative action (by Pyongyang) should not lead to any escalation from other countries,he added.

The ballistic missiles -- which the Stalinist state is banned from firing under UN resolutions -- were launched into the Sea of Japan in an act of defiance apparently timed for the US Independence Day holiday.It was the biggest salvo of ballistic weaponry since the North fired a long-range Taepodong-2 and six smaller missiles in 2006, also on July 4.The launches came as Washington seeks support for tough enforcement of UN sanctions aimed at shutting down Pyongyang's nuclear and missile programs.Sunday, North Korea's ruling party newspaper Rodong Sinmun praised Pyongyang's army-first policy, which gave North Korea the capacity to hit enemies with what it called a merciless strike.But US Vice President Joseph Biden on Sunday dismissed the firings as almost attention-seeking behavior and said the focus was on further isolating Pyongyang.Last month, the Security Council slapped new sanctions against North Korea, banning all weapons exports from the country and the import of all but small arms.Reacting to North Korea's second underground nuclear test in May, the council also called on all members of the international community to stop and search North Korean ships for weapons.In a related development, the US chief of naval operations Monday denounced the latest North Korean missile launches and vowed to keep tracking its ships if they are suspected of carrying banned weapons.I think they were very unhelpful, and clearly counter to the desires of the international community for a peaceful and stable region,Admiral Gary Roughead told reporters in Seoul after talks with South Korean military officials.As circumstances arise in the future, we will continue to support the resolution and we will conduct operations in support of that.His comments came as a North Korean ship being tracked by the US Navy for two weeks headed home after aborting its voyage. The Kang Nam 1 was the first ship to be shadowed under new UN sanctions imposed on the hardline communist country on June 12 following its nuclear test in May.South Korean military officials said the Kang Nam 1 appeared to have entered North Korean waters. The ship, which left North Korea on June 17, was originally reported to be bound for Myanmar.Pyongyang has responded defiantly to the latest sanctions, vowing to build more nuclear bombs and to hit back against any attempt to search its vessels.