ETHIOPIAN JEWS ARE COMING HOME

ISAIAH 11:11
11 And it shall come to pass in that day, that the Lord shall set his hand again the second time to recover the remnant of his people, which shall be left, from Assyria,(SYRIA) and from Egypt, and from Pathros,(POSSIBLY AFGHANISTAN) and from Cush,(ETHIOPIA) and from Elam, and from Shinar,(IRAQ) and from Hamath, and from the islands of the sea.
12 And he shall set up an ensign for the nations, and shall assemble the outcasts of Israel, and gather together the dispersed of Judah from the four corners of the earth.(FOR ONES WHO THINK THE 10 TRIBES COME FROM AMERICA,UK,CANADA ETC - USE BETTER READ THEM SCRIPTURES ABOVE CAREFULLY-I BELIEVE INDIA ,CHINA,LOST 10 TRIBES ARE COMING FROM ALSO.

INTERNATIONAL FELLOWSHIP OF CHRISTIANS AND JEWS CANADA
http://www.ifcj.ca/site/PageServer
IFCJ
http://www.ifcj.org/site/PageNavigator/eng/USENG_homenew

I NOTICED ON IFCJ SHOW ON TV,THEIR BRINGING ETHIOPIAN JEWS HOME TO ISRAEL NOW.WHY IS THIS SO IMPORTANT? ITS IMPORTANT BECAUSE I THINK IF ENOUGH ETHIOPIAN JEWS COME TO ISRAEL THEY WILL DEMAND THAT THE ARK OF THE COVENANT BE AT THEIR PLACE OF WORSHIP WHICH WILL INTICE ISRAELIS TO BUILD THE 3RD TEMPLE AND PLACE THAT ARK IN IT FOR ALL ISRAELIS AND THE WORLD TO SEE.I PRAY MY THOUGHT HERE COMES TO PASS.

GIVE DONATIONS TO BRING THE ETHIOPIANS HOME QUICK,PLEASE.

Dear Fellowship Friend,

Reports from around the world show that anti-Semitism in the year 2009 is more prevalent than it has been in decades. The rise in anti-Semitic incidents reminds us that the world's oldest and deepest hatred is alive and well.While The Fellowship has already helped thousands of Jews escape hostile situations in their native countries and return to their Jewish homeland, tragically, many are unable to make this journey simply because they are too poor.The story of Aharon, 25, has a happy ending, unlike those of many others. Aharon always dreamed of the day when he would escape the anti-Semitism he faced while growing up in Brazil.There is a large neo-Nazi contingent there,he said.The synagogues all need guards. I always prayed that one day I would be able to leave Brazil and make my life in Israel.After completing his education in Brazil, Aharon discovered The Fellowship, which helped him turn his dream into reality. The Fellowship's On Wings of Eagles program not only funded Aharon's aliyah, but helped him with his resettlement as well. Once in Israel, Aharon moved into an absorption center in Jerusalem where he is studying Hebrew and preparing to enlist in the Israeli army so he can give back something to the country.

Aharon knows that his new life was made possible only because of the help he received from donors to On Wings of Eagles—and he is deeply grateful. It's due to your generosity that Jews like me are able to make this decision and not have to worry about coming here or what we're going to do when we first arrive,he told a Fellowship representative.Thank you from the bottom of my heart.I urge you today to continue this critical mission of bringing God's children home to Israel with your donation to On Wings of Eagles. Through your gift you'll not only be rescuing people who struggle daily with the reality of anti-Semitism—you'll be helping to fulfill the biblical prophecy,the Gentiles… will bring your sons in their arms and carry your daughters on their shoulders.(Isaiah 49:22) Again, my deepest thanks. I pray that God will bless you for your generosity, even as you have blessed His children, Israel.With prayers for shalom, peace,Rabbi Yechiel Eckstein - Chairman.

10 DIVISION WORLD EMPIRE (BY ROMAN CATHOLIC LEADERS)

CHRISTIAN WRITERS IN THE EARLY CENTURIES FOLLOWING CHRIST BELIEVED THAT THE BIBLE TAUGHT THAT THE ROMAN EMPIRE WOULD BE DIVIDED INTO 10 KINGDOMS WHEN IT REAPPEARED IN ITS FINAL FORM AT THE END OF THE AGE.

SOME WRITERS TODAY CHALLENGE THAT THE BIBLE TEACHES A REVIVAL OF THE ROMAN EMPIRE DURING THE FINAL DAYS OF THIS AGE.HOWEVER.THE EVIDENCE IS OVERWHELMING THAT THE SCRIPTURES AS WELL AS POST-APOSTOLIC CHURCH WRITERS TAUGHT THIS DOCTRINE AS THE CORRECT BIBLICAL TEACHING.A 10 DIVISION WORLD EMPIRE.

DANIEL 7:23-24
23 Thus he said, The fourth beast(THE EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth,(10 DIVISIONS)and shall tread it down, and break it in pieces.(TRADE BLOCKS)
24 And the ten horns out of this kingdom are ten kings that shall arise:(10 WORLD DIVISION OF NATIONS) and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.(BE HEAD OF 3 KINGS OR NATIONS).

WHY YOU NEVER HEARD OF 1920 GREAT DEPRESSION(VIDEO)
http://www.youtube.com/watch?v=czcUmnsprQI&feature=player_embedded

US blames Lisbon Treaty for EU summit fiasco-Mr Obama - the Madrid summit decision is being seen as a diplomatic snub to Spain (Photo: whitehouse.gov)ANDREW RETTMAN Today FEB 3,10 @ 09:27 CET

EUOBSERVER / BRUSSELS - The US State Department has said that President Barack Obama's decision not to come to an EU summit in Madrid in May is partly due to confusion arising from the Lisbon Treaty.State department spokesman Philip J. Crowley told press in Washington on Tuesday (2 February) that the treaty has made it unclear who the US leader should meet and when.Up until recently, they [summits] would occur on six-month intervals, as I recall, with one meeting in Europe and one meeting here. And that was part of – the foundation of that was the rotating presidency within the EU. Now you have a new structure regarding not only the rotating EU presidency, you've got an EU Council president, you've got a European Commission president,he said. We are working through this just as Europeans themselves are working through this: When you have a future EU-US summit meeting, who will host it and where will it be held? he added. All of this is kind of being reassessed in light of architectural changes in Europe.The Lisbon Treaty came into force on 1 December. It created the post of a new EU Council president and EU foreign relations chief in order to give the union a stronger voice abroad.It kept the institution of the six-month rotating EU presidency as well, with the member state holding the chairmanship to do the bulk of behind-the-scenes policy work in Brussels.The Spanish EU presidency is being closely watched to see how the EU manages the transition to the new power structure. The EU Council president has so far taken charge of summits in the EU capital. But Madrid was to share the limelight with a few top-level events at home.

The state department's Mr Crowley said the US and Spain have been in touch directly to discuss Mr Obama's decision after Madrid learned about it through the media on Monday. Obviously, there's been some disappointment expressed by the government of Spain, and we understand that and we'll be working with them on that,he said.Spanish Prime Minister Jose Luis Zapatero and Mr Obama are both expected to attend the National Prayer Breakfast in Washington on Thursday. But no bilateral meeting has been announced so far. The informal event sees some 3,500 celebrities, businessmen, politicians and religious leaders get together in the US capital each year. It is organised by the Fellowship Foundation, a Christian fundamentalist pressure group.Mr Zapatero, a centre-left secularist, has taken flak for his trip in Spanish media, with the El Pais daily calling his decision to attend the prayer event shocking.

EU states miss services directive deadline
ANDREW WILLIS Today FEB 3,10 @ 09:27 CET

EUOBSERVER / BRUSSELS - Only one third of EU member states have successfully implemented the EU's services directive, despite the passing of a 28 December 2009 deadline. This was the main finding of a report published by Eurochambres, an organisation representing EU chambers of commerce, on Tuesday (2 February), with the body now calling on the European Commission to ramp up pressure on national governments.The services directive aims to help EU businesses, such as barbers, expand outside their domestic markets (Photo: Telstar Logistics)Disappointingly, a number of member states clearly did not consider this directive's implementation as a political and economic priority, said Eurochambres secretary general Arnaldo Abruzzini.After much controversy and far-reaching amendments, the services directive was finally passed three years ago. It is designed to help service businesses, such as interior designers and barbers, operate across EU borders, with the majority currently only working in their domestic markets. A key operational component of the legislation is the setting up of single points of contact (PSCs) in each country, enabling EU businesses to access and complete all the necessary forms online in order to set up shop in a different member state.

Advocates of the directive say it will be crucial to help the EU to return to higher growth after the recent recession, with services accounting for more than two-thirds of the economic activity and jobs in the region.It will remain the most powerful directive for the completion of the single market, said Conservative MEP Malcolm Harbour, who helped steer the directive through the European Parliament.The report names eight countries where implementation has been poor due to serious delays. They are Bulgaria, Greece, Ireland, Italy, Latvia, Poland, Slovakia and Slovenia.Pressed by journalists about the commission's relative silence regarding the missed deadline, an EU representative insisted the institution would not shy away from pushing member states towards full implementation. We will not rule out legal proceedings,she added.Eurochambres described another group of countries as making moderate progress, but behind schedule in terms of either legal or operational implementation. These countries included Austria, Belgium, Cyprus, France, Luxembourg, Malta, Portugal, Romania and Spain.The EU representative noted that many were in a position to achieve full implementation by the summer. The nine states to comply fully with the services directive so far are: the Czech Republic, Denmark, Estonia, Finland, Germany, Hungary, the Netherlands, Sweden and the UK.

Parliament sets out concerns over Colombia trade deal
ANDREW WILLIS 02.02.2010 @ 18:17 CET

EUOBSERVER / BRUSSELS – The European Union's ongoing free trade negotiations with Colombia featured twice in European Parliament debates last week, with deputies from across the political spectrum raising serious concerns over the South American country's human rights record. The Spanish EU presidency has said it is keen to finalise the deal under its watch, with the tussle set to escalate over the coming months ahead of a EU-Latin American summit scheduled to take place in Madrid this May. Parliament's trade committee is set to call for a debate on the subject at a March plenary session in Strasbourg, and will urge the European Commission to launch a formal enquiry into the country's human rights abuses. A resolution on the EU's long-standing banana dispute with Latin American countries last December cleared a stumbling block to initialing the agreement, with commission officials saying the Colombian negotiations are now in the final stages.Under the EU's new Lisbon Treaty rules, the European Parliament gained an equal footing with member states in ratifying EU trade deals, leaving deputies keen to use their new powers.The Greens, the far-left, a majority of socialists and a considerable number of centre-right MEPs, all harbour strong reservations over the Colombian accord as it currently stands, potentially scuppering Spanish plans for a speedy ratification.

Trade unionist murders

Objection to the deal centres primarily round the country's high rate of murders of trade unionists, accounting for 60 percent of the world total. Trade unions also accuse the government of President Alvaro Uribe of collaboration with Colombia's extensive network of right-wing parliamentaries, and condemn the judiciary's low rate of prosecutions. According to the International Trade Union Confederation (ITUC) and Colombia's principle trade union confederation, the CUT, 39 trade unionists were murdered in 2007 in the country, with 49 murders in 2008.Alberto Vanegas, director of human rights at the Central Unitaria de Trabajadores union told MEPs last week the violence amounted to a political genocide of the trade unionist movement, and urged the EU not to sign the free trade agreement.Irish centre-right MEP Gay Mitchell said the killings were unacceptable, while British socialist MEP Michael Cashman said his UK Labour Party colleagues would not support the deal without an investigation.I see the fact that we have not signed the agreement as a great way to push for increased changes, he said. The US, Canada and Norway have all negotiated bilateral trade deals with Colombia, only to see them held up in their respective parliaments due to similar human rights concerns. Supporters of a trade agreement say greater co-operation with Colombia is the best way to bring about improvements inside the country however, citing reports of recent reductions in the number of killings as a further reason. I think it would be very unfair, given the progress that has been made on human rights, not to sign the agreement, said Spanish centre-right MEP Jose Ignacio Salafranca.

Lobbying

Observers say parliament's new trade powers will also bring greater lobbying pressure, with left-leaning critics citing Spain's struggling domestic economy and considerable business interests in Colombia as being behind the government's haste to secure a deal. Pointing to potential gains for Spanish companies such as Repsol and Telefonica, Paul-Emile Dupret, an advisor to the left-wing GUE/NGL group in the parliament, said the Spanish government was leaning hard on its MEPs. Others cited Colombia's largely untapped mineral deposits as attracting the interest of European big business. Spanish businesses are pressing MEPs to pursue the Spanish government's agenda, Tom Kucharz from the Spanish environmental organisation, Ecologistas en Accion, told this website. The EU initiated discussions for a region-to-region Association Agreement containing trade, political dialogue and co-operation aspects in 2007 with the group of Andean nations - Bolivia, Peru, Ecuador and Colombia.But a breakdown in negotiations in 2008 led to the EU initiating bilateral discussions on free trade agreements with Peru and Colombia in early 2009. Bolivian President Evo Morales subsequently said this seriously weakened the Andean integration process.

Few countries submit climate pledges by deadline
LEIGH PHILLIPS 02.02.2010 @ 09:25 CET

A total of 55 countries have submitted their pledges to curb greenhouse gas emissions by 2020 to the UN climate convention, the global body said on Monday (1 February).Although just over a third of the world's 194 states signed up and few poor countries have listed their commitments, all together, those that have given notice of their climate strategy account for 78 percent of emissions, according to the UN.Greater ambition is required to meet the scale of the challenge. But I see these pledges as clear signals of willingness to move negotiations towards a successful conclusion, said Yvo de Boer, head of the UN Framework Convention on Climate Change.Countries were originally to have submitted their national pledges to annexes of the Copenhagen Accord by 31 January, but with a minority of states having done so ahead of the deadline, Mr de Boer conceded that the date was soft.The submissions, being a show of support for the Copenhagen Accord, suggest the architects of the document still have a great deal of work to do to win over the developing world.

Costa Rica, Ethiopia, Indonesia, Jordan, Sierra Leone and Morocco are amongst those that have listed their plans for limiting their emissions, but just three small island states have put their figures on the table: the Maldives, the Marshall Islands and Singapore.The major developed countries all signed up, including the European Union, the United States, Japan and Australia, along with the major emerging economies Brazil, South Africa, India and China, the key drafters of the text.Although even here, many have submitted the lower end of the range of cuts that had been mooted last year, with New Zealand saying it will not make any cuts without a global agreement being reached.

Environmental groups were not impressed.

Governments tried to greenwash their failure at the UN Copenhagen climate summit by merely repeating existing targets and dressing them up as action, said Greenpeace in a statement. So far, these targets will fail to hold global warming to below 3 degrees C; an increase which threatens to have horrendous consequences.

MIDDLE EAST NEWS FEBRUARY 3, 2010, 5:46 A.M. ET.Iran Unveils New Satellite Capabilities on Eve of Revolution Anniversary By CHIP CUMMINS

DUBAI—Iran test-fired a new satellite rocket and unveiled a series of what it said were home-grown advances in a space program that has worried Western officials because of possible cross-over applications in the country's weapons program.In addition to the test-firing, President Mahmoud Ahmadinejad unveiled on Wednesday three new telecommunications satellites and a new satellite-carrier engine, according to state media.A television grab taken showed the launching of the satellite from an undisclosed location on Wednesday.The test firing comes as the Islamic Republic celebrates its 31st anniversary. Commemorations began earlier this week and culminate on Feb. 11, the day in 1979 that the shah's forces capitulated during the Iranian revolution. During the same commemoration period last year, Iran launched its first domestically made and propelled satellite.Tehran has long said its space program, like its nuclear program, is aimed at peaceful purposes. Wednesday's rocket carried a capsule of living organisms—a rat, two turtles and worms—into space for experimentation, the state-run English-language Press TV reported.

Iranian claims of technological advances, especially in weapons development, are often viewed skeptically by outside analysts. Still, the test-firing could raise fresh alarms about Iran's weapons development. Many of the same technologies used in satellite development can be applicable to missile-delivery systems.The satellite announcement comes a day after Mr. Ahmadinejad surprised many Western observers by suggesting in a televised interview late Tuesday that Tehran no longer objected to a long-stalled nuclear-fuel deal at the heart of current efforts by Western capitals to rein in the country's nuclear ambitions.Washington is pushing for fresh economic sanctions against Iran after being frustrated by Tehran's response to the draft deal, hammered out between Iran, Western powers and the International Atomic Energy Agency last year. The deal calls for Iran to ship out the bulk of its low-enriched uranium, to be refined overseas and then returned for use in a medical-research reactor. Western officials see the deal as a way of delaying any Iranian effort to develop a nuclear weapon.After Iranian negotiators agreed to the proposed deal, several Tehran officials spent months criticizing it, and appeared to rule out the deal in its current form in December. But Mr. Ahmadinejad's comments late Tuesday night suggested Tehran's position has changed once again. U.S. officials remain wary, saying that if Iran has agreed to the deal, Tehran should officially notify the IAEA.Mr. Ahmadinejad's satellite announcement comes after U.S. defense officials disclosed this weekend American efforts to bolster defensive capabilities among its Arab allies in the Persian Gulf. It also comes as opposition protesters gird for planned demonstrations on Feb. 11.Opposition leaders have used state-sanctioned holidays as cover for their antigovernment protests, which first erupted after disputed June 12 presidential elections.Both sides—the government and the opposition—have hardened their rhetoric recently ahead of Feb. 11. The government has vowed a harsh crackdown and swift justice to demonstrators who turn out. Similar threats, however, failed to deter large-scale protests on Dec. 27, a holy day in Shiite Islam, which saw some of the worst violence since the summer. Write to Chip Cummins at chip.cummins@wsj.com

Finally, some Palestinian responsibility
BY EINAT WILF 02/02/2010 22:28

For several years, Salam Fayyad has been approaching the building of a Palestinian state with determination. The Israeli leadership has recently turned its attention – even if contemptuously – to the possible threat of a unilateral declaration of a Palestinian state. Regardless of whether such a move will take place or not, the real issue is not in the declaration itself but in the possibility that it points to a deeper cultural change among the Palestinians – a change which was also noted with the participation of Palestinian Authority Prime Minister Salam Fayyad Tuesday night in the 2010 Herzliya Conference and his subsequent speech. The Palestinian national movement has been characterized from its early days by a maddening culture of irresponsibility. As far as they were concerned, their circumstances were never the outcome of their decisions, actions or conduct. It was always someone else’s fault – the UK, the United Nations, the Arab countries, and of course above all, the Zionists and their occupation. No matter the issue, the finger was permanently pointed outward. And so, in a world where everyone else was to blame, the only path was resistance – the defining word of Palestinian identity.

The Palestinians conducted themselves as eternal teenagers, incapable of moving past blaming others toward shaping their own lives. This was best embodied in Yasser Arafat who was the captive of his image as leader of a resistance movement, never transitioning to builder of a state. If the phrase ‘assumption of responsibility’ was ever mentioned, it was always in the context of a spectacular and bloody terrorist attack.Israel benefited from this Palestinian culture. Zionism, the essence of which was assumption of responsibility and state-building, found comfortable symbiosis with the Palestinian culture of irresponsibility. The constantly constructing Israel became adept at blocking the Palestinian resistance and absorbing blame while never ceasing to build. Israel was able to thrive and expand against the backdrop of Palestinian inability to assume responsibility.BUT IT just might be that recently, below the radar, a revolutionary change is underway. For several years now, several players under the sound leadership of General Dayton, Tony Blair and PA Prime Minister Salam Fayyad, were working together to build a Palestinian state from the ground up. It is quite probable that when Israel supported this process several years ago, it treated it as no more than a diversionary game that would keep the well-meaning Europeans and the dour Fayyad playing in building Lego Palestinian institutions until the end of time. Israel might have well assumed that the Palestinians were culturally incapable of breaking free of the crutches of blaming others to sustain a building process. The scorn towards this project was further enhanced by Fayyad’s gall at graduating from the University of Texas rather than Israeli jails.

Fayyad, who has no terrorist past, is supposedly therefore incapable of being a Palestinian leader. Even the Israeli leadership tends to respect Palestinian warriors and repeatedly revers a new Barghouti. But it seems that, of all people, it is Fayyad and his colleagues who have taken the matter of municipal taxes and sewage seriously and have approached the building of a state – in all its boring details – with determination and energy and no trace of blubbering. The more this process moves forward and succeeds, the more the cultural change accelerates and deepens. For Fayyad, a unilateral declaration of a Palestinian state is not an empty gesture such as the one carried out in 1988, but the culmination of a thorough process of building the institutions of a Palestinian state on the ground.The greatest threat to Israel’s policy appears to come from a dour bureaucrat who is steadily leading a revolutionary cultural change of fostering responsibility among Palestinians. This change is leaving Israelis, who have long grown accustomed to Palestinians who do nothing but blame the world for their circumstances all the while wasting numerous opportunities, wondering, confused and many – hopeful. The writer is a Labor MK, a fellow with the Jewish People Policy Planning Institute and a member of the President’s Conference Steering Committee.

SEX SINS

1 CORINTHIANS 6:9,14-18
9 Know ye not that the unrighteous shall not inherit the kingdom of God? Be not deceived: neither fornicators, nor idolaters, nor adulterers, nor effeminate, nor abusers of themselves with mankind,
10 Nor thieves, nor covetous, nor drunkards, nor revilers, nor extortioners, shall inherit the kingdom of God.
14 And God hath both raised up the Lord, and will also raise up us by his own power.
15 Know ye not that your bodies are the members of Christ? shall I then take the members of Christ, and make them the members of an harlot? God forbid.
16 What? know ye not that he which is joined to an harlot is one body? for two, saith he, shall be one flesh.
17 But he that is joined unto the Lord is one spirit.
18 Flee fornication. Every sin that a man doeth is without the body; but he that committeth fornication sinneth against his own body.

GALATIONS 5:19-21
19 Now the works of the flesh are manifest, which are these; Adultery, fornication, uncleanness, lasciviousness,
20 Idolatry, witchcraft, hatred, variance, emulations, wrath, strife, seditions, heresies,
21 Envyings, murders, drunkenness, revellings, and such like: of the which I tell you before, as I have also told you in time past, that they which do such things shall not inherit the kingdom of God.

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.

1 TIMOTHY 1:9
9 Knowing this, that the law is not made for a righteous man, but for the lawless and disobedient, for the ungodly and for sinners, for unholy and profane, for murderers of fathers and murderers of mothers, for manslayers,
10 For whoremongers, for them that defile themselves with mankind, for menstealers, for liars, for perjured persons, and if there be any other thing that is contrary to sound doctrine;

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:

Online game lets 5-year-old girls play prostitute-Aspiring fashion queens choose lingerie, contraceptives, clients February 02, 2010 9:16 pm Eastern
By Drew Zahn 2010 WorldNetDaily

Editor's note: Some of the descriptions and images in the article below are risqué and may be cause for reader caution.Screen capture from My-Minx.com.Young girls aspiring to be fashion queens may find more than they bargain for in a new, free, online game called My-Minx,which permits players to role play … as prostitutes.

At My-Minx.com, touted by its own header as the online fashion game for girls and dress-up game for style icons and the place where Barbie meets Chanel,players create an avatar – or online representative – that flirts, shops, develops her career, builds a wardrobe, competes in style shows, and picks up lovers and clients at an online cocktail bar. In addition, girls as young as five or younger – should they have the computer know-how – can immediately trade in online points to purchase for their avatar lingerie, nipple tassels, condoms and antibaby pills among other choice items on their way to the top of their own fashion empire. My-Minx had already generated controversy last week – before revelation of the game's prostitution play –over a feature that allowed the avatars to adopt celebrity children, such as members of Brad Pitt and Angelina Jolie's family. At the time, parents groups in Great Britian, where the game is produced, expressed outrage: Having them getting virtual condoms or morning after pills will not make them any less promiscuous. As regards child adoption, this game encourages them to think that they don't need to worry about morals or ethics,spokesman Andy Hibberd of Parentkind told London's Daily Mail.It is sending out all the wrong messages, and the only reason its creators have made it is to make money. They are exploiting children for profit. Children's innocence is very precious.

WND has since confirmed with Blighty Arts, which produces the game, that threats of lawsuits from one of the celebrities whose child appeared in the game have convinced the company to remove the feature. The other adult themes, however, remain. When asked about the appropriateness of encouraging young girls to role play as prostitutes, Blighty Arts founder Chris Evans dodged the question, responding only, The average age of My-Minx.com players is 19.1. We are targeting late teens and early 20s fashionistas.Evans had earlier told AOL's ParentDish that certain safeguards were in place, explaining, When you register, you can't register if you are under the age of 11, and even so, there is nothing on there that would offend any child who might play the game.He continued, This is a fantasy world and there is no way that we are going to get customers that young. I can't see how an 11-year-old would have any interest in it.Regardless of whether or not 11-year-olds would be interested in a free, pink, online fashion game for girls where Barbie meets Chanel, a WND investigation did, however, reveal Evans' claimed safeguards are not currently in place. WND's player registered as a 5-year-old girl, born Feb. 1, 2005. After selecting body features like hair length and breast size (with nude, cartoon guides to demonstrate the options), the completely naked avatar appeared in the game's bedroom area. From there, the player was invited to choose if her Minx was single, married, gay, bi, or horney among other options. She also chose from a list of attributes, such as beautiful, alcoholic, preggers or a b----. A quick trip to the clothing store finally relieved the avatar's nudity, but a jaunt to the cocktail bar to find a lover produced a startling message: You managed to find a new client – well done. Kachiing! Screen capture of message, You managed to find a new client – well done. Kachiing!

Apparently, however, being a prostitute isn't very profitable in the game's Style City. The new client only paid the avatar character 50 points, or pink pounds (the game designer is British), per day – not a lot of Kachiing, when purchasing a pair of ballerina shoes for the avatar costs 150. My-Minx is still in beta, a programming term for publicly testing a product before rolling out the final version. Currently, My-Minx also includes message boards for players to converse, daily puzzles and games that earn additional pink pounds and forums for voting on who has created the most stylish minx. When asked by ParentDish what's in store for the final version, Evans declined to answer, calling the future update's features a secret.

HYPERINFLATION NIGHTMARE AHEAD
http://landing.personalliberty.com/landing/hyperinflation/hyperinflation.asp?SC=BEL2003

THE WIARTON WARTHOG WILLIE OR GROUNDHOG ALSO PREDICTED 6 WEEKS IN CANADA TO.

Winter to last six more weeks, groundhog predicts
Tue Feb 2, 7:51 am ET

NEW YORK (AFP) – Punxsutawney Phil, the celebrated rodent at the center of America's quirky Groundhog Day festivities, saw his shadow Tuesday, presaging six more weeks of winter.For the annual February 2 ritual, the weather-forecasting groundhog is coaxed or pulled from his burrow, as crowds of onlookers watch to see if his shadow can be discerned.If Phil appears to see his shadow, winter will continue for six weeks. If not, spring starts early.The American tradition made famous around the world following the 1983 Bill Murray comedy Groundhog Day requires the marmot to be awakened from hibernation.

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.

Sioux reservation struggling after winter storms By WAYNE ORTMAN, Associated Press Writer - Tue Feb 2, 4:36 am ET

EAGLE BUTTE, S.D. – Sonny Brave Eagle and his family spent six days in the dark without a phone or working radio before law officers found them in their home after a fierce winter storm cut power across South Dakota's impoverished Cheyenne River Indian Reservation.We didn't know what was going on, said Brave Eagle, among hundreds of people on the sprawling reservation amid a second week without electricity as utility workers struggle to make repairs. The storm brought down power lines, iced roads and led to water outages.Tribal Chairman Joseph Brings Plenty estimated that 1,500 to 1,700 homes were still without power Monday, and said it would take better than three weeks to get the reservation up and running again.

The tribe has spent enormous amounts of money on such needs as fuel and water, and an emergency fund that had $175,000 a few months ago has been drained, said tribal spokeswoman Natalie Stites.For now, Brave Eagle, his wife and their two young daughters stay at an emergency shelter or a relative's house with four other families. They didn't have a vehicle or even batteries to power a radio when the lights went out at their house, about 12 miles north of Eagle Butte in north-central South Dakota, after a powerful ice storm hit Jan. 20.Ice coated roads and electrical lines, and forced shops and schools to close. Then before residents could recover, a blizzard tore through the Dakotas with wind gusts between 25 and 50 mph.The frozen ground complicated efforts to replace power poles, and snow had to be cleared away to allow utility crews to get close enough to rebuild transmission lines, said Brings Plenty.The power outage led to equipment malfunctions at a pumping plant in a pipeline system that provides drinking water to the reservation. Water service and pressure must be restored gradually in an old system with weak pipes, the tribal chairman added.About 8,000 people live on the reservation, which is larger than Rhode Island and Delaware combined, and the outages affected everyone, Stites said.

But the reservation faced difficulties well before the storms. The unemployment rate is 80 percent, tribal leaders say. More than half of Ziebach County and 38 percent of Dewey County lived in poverty in 2005, according to the U.S. Census Bureau. The reservation spans both counties.Several shelters and distribution centers were set up around the reservation. At the height of the outages, about 14,000 people in the region were without water — most of them at Cheyenne River.The number of water outages had declined Monday, with about 100 people still affected, said Tri County Mni Waste Water System general manager Leo Fischer.The South Dakota National Guard helped bring in generators from the state. The tribe distributed fuels such as propane, delivered donated bottled water and sent bulk water tanks around the reservation.Brings Plenty said no deaths had been reported, but a few people became sick from carbon monoxide fumes given off by makeshift heating sources.

We could have had quite a few people perish in this,he said.Seventeen dialysis patients were moved to a hotel at the Prairie Winds Casino in southwest South Dakota, said Rick Shangreaux, the casino's acting general manager. The patients are being treated at a facility on the Pine Ridge Reservation, where the casino is located.On the Net: Facebook site for tribal disaster relief: http://www.causes.com/crst2010disasterrelief ,Associated Press Writers Blake Nicholson and James MacPherson in Bismarck, N.D., contributed to this story.

LUKE 16:22-31
22 And it came to pass, that the beggar died,(BODY IN GROUND)and was carried by the angels into Abraham’s bosom:(SOUL TO GOD) the rich man also died,(BODY IN GRAVE) and was buried;
23 And in hell he lift up his eyes,(SOUL IN HELL IN TORMENTS) being in torments, and seeth Abraham afar off, and Lazarus in his bosom.
24 And he cried and said, Father Abraham, have mercy on me, and send Lazarus, that he may dip the tip of his finger in water, and cool my tongue; for I am tormented in this flame.
25 But Abraham said, Son, remember that thou in thy lifetime receivedst thy good things, and likewise Lazarus evil things: but now he is comforted, and thou art tormented.
26 And beside all this, between us and you there is a great gulf fixed: so that they which would pass from hence to you cannot; neither can they pass to us, that would come from thence.
27 Then he said, I pray thee therefore, father, that thou wouldest send him to my father’s house:
28 For I have five brethren; that he may testify unto them, lest they also come into this place of torment.
29 Abraham saith unto him, They have Moses and the prophets; let them hear them.
30 And he said, Nay, father Abraham: but if one went unto them from the dead, they will repent.
31 And he said unto him, If they hear not Moses and the prophets, neither will they be persuaded, though one rose from the dead.

GENESIS 2:7-8
7 And the LORD God formed man of the dust of the ground, and breathed into his nostrils the breath of life; and man became a living soul.
8 And the LORD God planted a garden eastward in Eden; and there he put the man whom he had formed.(GOD CREATED(FORMED)MAN OUT OF THE GROUND,BUT BREATHED LIFE INTO HIS NOSTRILS.OUR BODY GOES TO THE GROUND AT DEATH.OUR SOUL GOES BACK TO GOD AT THE SECOND OF DEATH).

Doctor casts new light on cat that can predict death By Belinda Goldsmith – Tue Feb 2, 12:00 pm ET

SYDNEY (Reuters) – When doctors and staff realized that a cat living in a U.S. nursing home could sense when someone was going to die, the feline, Oscar, was portrayed as a furry grim reaper or four-legged angel of death.But Dr. David Dosa, who broke the news of Oscar's abilities in a paper in the New England Journal of Medicine in 2007, said he never intended to make Oscar sound creepy or his arrival at a bedside to be viewed negatively.Dosa said he hopes his newly released book, Making Rounds With Oscar: The Extraordinary Gift of an Ordinary Cat will put the cat in a more favorable light as well as providing a book to help people whose loved ones are terminally ill.After the New England Journal article you got the feeling that if Oscar is in your bed then you are dead, but you did not really see what is going on for these family members, said Dosa, an assistant professor of medicine at Brown University.I wanted to write a book that would go beyond Oscar's peculiarities, to tell why he is important to family members and caregivers who have been with him at the end of a life.

Dosa said Oscar's story is fascinating on many levels.Oscar was adopted as a kitten from an animal shelter to be raised as a therapy cat at the Steere House Nursing and Rehabilitation Center in Providence, Rhode Island, which cares for people with severe dementia and in the final stages of various illnesses.

SIXTH SENSE?

When Oscar was about six months old the staff noticed that he would curl up to sleep with patients who were about to die.So far he has accurately predicted about 50 deaths.Dosa recounts one instance when staff were convinced of the imminent death of one patient but Oscar refused to sit with that person, choosing instead to be on the bed of another patient down the hallway. Oscar proved to be right. The person he sat with died first, taking staff on the ward by surprise.Dosa said there is no scientific evidence to explain Oscar's abilities, but he thinks the cat might be responding to a pheromone or smell that humans simply don't recognize.Dosa said his main interest was not to delve further into Oscar's abilities but to use Oscar as a vehicle to tell about terminal illness, which is his main area of work.There is a lot to tell about what Oscar does, but there is a lot to tell on the human level of what family members go through at the end of life when they are dealing with a loved one in a nursing home or with advanced dementia, he said.Perhaps the book is a little more approachable because there is a cat in it. We really know so little about nursing homes, and this tries to get rid of this myth that they are horrid factories where people go to die.Dosa said the story of Oscar, who is now nearly five years old, initially had sparked a bit more interest in families wanting to send their loved ones to Steere House.Oscar has even been thanked by families in obituaries for providing some comfort in the final hours of life.But he said Oscar remains unchanged by the attention, spending most of his days staring out of a window, although he has become a bit friendlier. The first time I met Oscar he bit me. We have warmed over the years. We have moved into a better place, said Dosa. I don't think Oscar is that unique, but he is in a unique environment. Animals are remarkable in their ability to see things we don't, be it the dog that sniffs out cancer or the fish that predicts earthquakes. Animals know when they are needed.(Editing by Miral Fahmy)

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,(JORDAN) and the Ishmaelites;(ARABS) of Moab, PALESTINIANS,JORDAN) and the Hagarenes;(EGYPT)
7 Gebal,(HEZZBALLOH,LEBANON) and Ammon,(JORDAN) and Amalek;(SYRIA,ARABS,SINAI) 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.

Syrian FM: US has nominated ambassador to Damascus By ALBERT AJI, Associated Press Writer – FEB 3,10

DAMASCUS, Syria – Washington has submitted to Damascus the name of its proposed new ambassador to Syria, the first in since 2005, the country's foreign minister said, in the latest step toward improving ties between the two nations.Washington withdrew its last ambassador to Damascus in 2005 following the assassination of Lebanese Prime Minister Rafik Hariri, which many blamed on Syria. Syria has denied involvement.Foreign Minister Walid al-Moallem told reporters that the United States has nominated an ambassador and it is Syria's right to study this nomination.The standard practice for diplomatic envoys is to send the name of the nominee to the host government for approval before it is official submitted to the U.S. Senate for confirmation.Arabic media have reported that diplomat Robert Ford has been nominated for the job. Al-Moallem refused to confirm the identity of the nominee.Ford, a fluent Arabic speaker, is serving his second term in the Baghdad embassy. He was also the ambassador Algeria from 2006 to 2008.The long tense relations between Syria and the U.S. started to improve after Obama took office in January last year.

Former President George W. Bush first imposed the sanctions in May 2004, citing Syrian support for terrorism, its pursuit of weapons of mass destruction and other activities including efforts to undermine U.S. operations in Iraq. The economic and diplomatic sanctions were renewed by Obama's administration in May.In March, the top U.S. diplomat for the Middle East, Jeffrey Feltman, and National Security Council member Daniel Shapiro, visited Syria. Since that time, various U.S. government officials have visited Syria, including U.S. special Mideast envoy George Mitchell.

The U.S. has also sent military delegations twice to Syria to discuss cooperation to help stabilize Iraq. The U.S. has long complained that Syria has allowed insurgents to cross its border into Iraq. Syria has rejected the charges.

Russia told to innovate or be left behind By NATALIYA VASILYEVA, AP Business Writer – FEB 3,10

MOSCOW – Russia is 30 to 40 years behind developed economies in the technology sector and will lag further unless it innovates, Anatoly Chubais, the architect of the 1990s privatizations, warned Wednesday.The former finance minister, who now runs the state-owned corporation for the development of the nascent high-tech sector, gave a sobering assessment of Russia's present and future.We have to admit: We have fallen very far behind, he said at a Moscow investment forum. Not to understand this would be a very grave historic and political mistake.To make up for Russia's slow development, the government must hammer out a long-term growth strategy and develop new technologies by investing abundant oil and gas revenues, Chubais said.We're now facing a dilemma that can be summed up as innovate or degrade.Chubais oversaw the murky transition of property formerly belonging to the state to private hands after the Soviet collapse. He currently serves as director general of Rosnano, a state-run corporation which promotes and finances hi-tech projects created in 2007. Rosnano plans to invest some 310 billion rubles ($10.4 billion) in various domestic ventures this year.Speaking more broadly on the Kremlin's initiative to modernize the economy, Chubais said the country had excellent opportunities to do this but admitted the path was not quite clear.

Everyone talks about modernization from morning till night, he said.But no one's got a comprehensive and applicable solution so far. The main goal today is for the business and intellectual elites to work out this solution.Chubais noted that most Russian hi-tech startups are few and unsuccessful because they lack financing and means to turn scientists' ideas into products.Others at Wednesday's conference said the problem lies deeper — in Russia's lack of a qualified high-tech labor force and the absence of a productive and dynamic environment.One needs to think how to train better managers, said Elie Wurtman, an Israeli managing partner of the Benchmark Capital venture capital firm that counts social networking Web site Twitter and auction portal eBay among its investments.The government needs to ask how do you create an environment which is friendly to enterpreneurs, a tax regime which allows people to succeed and be motivated by their success? he said.Russia is facing its severest economic downturn in a decade as gross domestic product declined by 7.9 percent last year. While the country's currency and stock markets have stabilized, local companies still say that borrowing is expensive and largely unavailable.

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.

NASA: Good night moon, hello new rocket technology By SETH BORENSTEIN, AP Science Writer – Mon Feb 1, 5:50 pm ET

WASHINGTON – President Barack Obama is redirecting America's space program, killing NASA's $100 billion plans to return astronauts to the moon and using much of that money for new rocket technology research.The moon mission, which had already cost $9.1 billion, was based on old technology and revisiting old places astronauts had already been, officials said. The previous NASA chief, in selling the old moon plan, had even called it Apollo on steroids.The rockets were based on space shuttle boosters.Simply put, we're putting the science back into the rocket science at NASA, White House science adviser John Holdren said at a budget briefing Monday.The $4 billion that NASA spends yearly on human space exploration will now be used for what NASA and White House officials called dramatic changes in rocketry, including in-orbit fueling. They said eventually those new technologies would be used to send astronauts to a nearby asteroid, a brief foray back to the moon, or the Martian moons.The White House plan was short on details, such as where astronauts would fly next, on what type of rocketship, or when. However, officials were quick to point out the failures of the Bush administration's moon program, called Constellation. It included the construction of two types of rockets, Ares I and Ares V, and an Orion crew capsule. All were canceled. Shutting down the program will cost about $2.5 billion, NASA said.Former President George W. Bush proposed the moon mission after the Feb. 1, 2003, space shuttle Columbia disaster that claimed seven lives — exactly seven years ago Monday. And congressional boosters of the plan aren't willing to give up on it just yet.Sen. Bill Nelson, D-Fla., and chairman of the Senate space subcommittee, said he will hold a hearing later this month to see if Congress could rescue some parts of the Ares rocket programs.

This is a pretty substantial change, said MIT astronautics professor Ed Crawley, who was on a special panel that looked at the future of spaceflight for the White House. It is more change than I thought they'd take on.Crawley said the Bush moon plan was well thought out, but based on existing technologies and underfunded.We didn't lose the moon today; we very subtly lost the moon a long time ago when the amount of money disappeared a few years ago, Crawley said.Besides redirecting money to new technologies, NASA is getting an extra $6 billion over five years to encourage companies to build private spaceships that NASA could rent. Many of those companies are run by Internet pioneers, including Blue Origin, headed by Amazon founder Jeff Bezos. Another firm, SpaceX, run by PayPal founder Elon Musk, is already building private rockets.In a teleconference Monday, Musk said that within three years of getting a contract with NASA, he could deliver astronauts to the International Space Station for about $20 million a head — cheaper than the $50 million Russia is charging the United States.NASA now has seven companies getting money to work on planning for some types of commercial spaceships.Former NASA associate administrator Scott Pace, now a professor of space policy at George Washington University, said relying so much on commercial companies is taking a big chance because they might not deliver on time or on budget.The risks are higher, the goals are more vague, Pace said of the new space policy.It's more money but probably not enough.NASA will also spend an additional $2.5 billion over five years for more research on how global warming is affecting Earth, including replacing a carbon dioxide monitoring satellite that crashed last year. NASA will also extend the life by several years of the International Space Station, which had been slated for retirement in 2016. NASA's yearly budget is $19 billion.

NASA said if the private companies work well on their unproven spaceships, astronauts could fly in them to the space station as soon as 2016. After the next five space shuttle flights, NASA will have to hitch rides to the space station on Russian rockets.The truth is we were not on a sustainable path to get back to the moon, NASA administrator Charles Bolden said in a telephone conference call.We were neglecting investments in key technologies.Congressional officials howled over lost programs and jobs, but it is hard for Congress to save such a large program that is being cut with redistributed money. Sen. Richard Shelby, R-Ala., called the cancellation of the moon mission the death march for the future of U.S. human space flight.AP Aerospace Writer Marcia Dunn contributed to this report from Cape Canaveral, Fla. On the Net NASA: http://www.nasa.gov

WW3 THE 3 WAVES THAT MARCH TO ISRAEL

AMOS 9:10
10 All the sinners of my people shall die by the sword, which say, The evil shall not overtake nor prevent us.

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

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

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

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

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

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

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

On China, Obama says U.S. must address currency rates
FEB 3,10

WASHINGTON (Reuters) – President Barack Obama said on Wednesday China and Asia would be a huge market for U.S. exports going forward but it would be important to address currency rates to ensure American goods were not facing a disadvantage.One of the challenges that we've got to address internationally is currency rates and how they match up to make sure that our ... goods are not artificially inflated in price and their goods are artificially deflated in price,Obama told senators from his Democratic party.That puts us at a huge competitive disadvantage.

Senator seeks information on tech firms in China By JOELLE TESSLER, AP Technology Writer – Tue Feb 2, 9:45 pm ET

WASHINGTON – A top Senate Democrat is asking 30 leading technology, Internet and communications companies to provide detailed descriptions of their operations and human rights practices in China.Senate Democratic Whip Dick Durbin of Illinois sent letters on Tuesday to technology companies including Apple Inc., Facebook and Twitter seeking information about their business in China and their plans for protecting human rights, free speech and privacy there.Other companies that received letters include Amazon.com Inc., eBay Inc., AT&T Inc. and Verizon Communications Inc.

Durbin's letter comes nearly three weeks after Google Inc. said it would stop censoring search results in China and threatened to pull out of the country altogether after uncovering a hacking attack that emanated from China and attempts to snoop on dissidents.Durbin said he is gathering information about the conduct of other big technology companies to prepare for a hearing on Google's actions in China. The hearing will also examine the Global Network Initiative, a voluntary code of conduct for Internet and communications companies that do business in countries that restrict free speech and human rights.AT&T and Facebook said they would respond to Durbin's letter by the Feb. 19 deadline.Twitter doesn't have an office in China, but said it will be happy to share its perspective on censorship issues.Apple said it had no comment. Amazon, eBay, Twitter and Verizon did not immediately respond to requests for comment.

Time Magazine Pushes Draconian Internet Licensing Plan
Paul Joseph Watson Prison Planet.com Wednesday, February 3, 2010

Time Magazine has enthusiastically jumped on the bandwagon to back Microsoft executive Craig Mundie’s call for Internet licensing, as authorities push for a system even more stifling than in Communist China, where only people with government permission would be allowed to express free speech.As we reported earlier this week, during a recent conference at the Davos Economic Forum, Craig Mundie, chief research and strategy officer for Microsoft, told fellow globalists at the summit that the Internet needed to be policed by means of introducing licenses similar to drivers licenses – in other words government permission to use the web.His proposal was almost instantly advocated by Time Magazine, who published an article by Barbara Kiviat - one of Mundie’s fellow attendees at the elitist confab. It’s sadistically ironic that Kiviat’s columns run under the moniker The Curious Capitalist, since the ideas expressed in her piece go further than even the free-speech hating Communist Chinese have dared venture in terms of Internet censorship.Now, there are, of course, a number of obstacles to making such a scheme be reality, writes Kiviat. Even here in the mountains of Switzerland I can hear the worldwide scream go up: But we’re entitled to anonymity on the Internet!Really? Are you? Why do you think that?

Kiviat ludicrously compares the necessity to show identification when entering a bank vault to the apparent need for authorities to know who you are when you set up a website to take credit card payments.The truth of the matter is, the Internet is still in its Wild West phase. To a large extent, the law hasn’t yet shown up. Yet as more and more people move to town, that lawlessness is becoming a bigger and bigger problem. As human societies grow over time they develop more rigid standards for themselves in order to handle their increased size. There is no reason to think the Internet shouldn’t follow the same pattern,she writes.The people in charge—as much as anyone can be in charge when it comes to the Internet—are thinking about it, Kiviat barks in her conclusion, seemingly comfortable with the notion that shadowy individuals and not the Constitution itself are in charge of deciding who is allowed free speech.Despite Kiviat’s mealy-mouthed authoritarianism and feigned reasonableness in advocating such a system, Mundie’s proposal is little different to a similar system already considered by officials in Communist China to force bloggers to register their identities before they could post. At the time the idea was attacked by human rights advocates as an obvious ploy by which the government could control information and crack down on dissent.Indeed, the proposal was deemed too severe and the Chinese government eventually backed down. So a system considered too authoritarian and too much of a threat to freedom in Communist China is seemingly just fine and dandy in the land of the free, according to Kiviat and her ilk.Unfortunately for her, Kiviat was immediately reminded about what makes the Internet such a threat to the ruling elite for whom she is a well-trained apologist –almost every comment below her article disagreed with her.No. A thousand times no. This benefits no one but the people in charge, wrote one respondent.Drivers’ licenses ensure a basic level of driving competency, so that 13-year-olds don’t get drunk and drive into a schoolbus. That kind of stupidity doesn’t happen on the Internet. Enough security theater! Focus on actual security. Truly awful idea, Barbara.I, for one, welcome our new internet overlords. It will be a comforting time when the law comes along to protect people from themselves on the net, because gosh darn it, freedom is dangerous,quips another.Not to mention, standards only ever come about through coercive government action, and never through private parties responding to their own incentives.

I think bloggers ought to be fingerprinted, DNA tested for abnormalities and have the information safely stored in a government vault. That way when some authoritarian ruler of pit, decides you have broken his self made tyrannic law he can prosecute you,jokes another respondent.For being a journalist you sure are s—-d, anonymity protects the right of free speech especially when the scary internet is most dangerous in a nation that prosecutes freedom of speech and opinion. The biggest thugs and criminals you mentioned are corrupt governments. I bet you love China’s safe internet measures huh? But there are worse than China.The internet is the only thing preventing total tyranny right now, and they are trying everything they can to chill free speech. There is NO grass roots movement anywhere calling for government intervention in the internet. It is not broken. It works too well, that is a problem for tyrants,points out another.Shortly after Time Magazine started peddling the proposal, the New York Times soon followed suit with a blog this morning entitled Driver’s Licenses for the Internet? which merely parrots Kiviat’s talking points.Of course there’s a very good reason for Time Magazine and the New York Times to be pushing for measures that would undoubtedly lead to a chilling effect on free speech which would in turn eviscerate the blogosphere.Like the rest of the mainstream print dinosaurs, physical sales of Time Magazine have been plummeting, partly as a result of more people getting their news for free on the web from independent sources that don’t feed at the trough of the military-industrial complex. Ad sales for the New York Times sunk by no less than 28 per cent last year with subscriptions and street sales also falling.The Internet, where newspapers are generally free, has siphoned off circulation and advertising,conceded an October 2009 NY Times article, which is precisely why establishment publications like the Old Gray Lady and Time are pushing proposals that would strangle the blogosphere and in turn eliminate their competition – while devastating free speech all in one foul swoop.

Deepening Debt Crisis: The Bernanke Reappointment: Be Afraid, Very Afraid
Prof Michael Hudson Global Research February 2, 2010

If the economy deteriorates in the L-shaped hockey-stick rut that many economists forecast, what political price will President Obama and the Democrats pay for having returned the financial keys to the Bush Republican appointees who gave away the store in the first place? Reappointing Federal Reserve Chairman Ben Bernanke may end up injuring not only the economy but also the Democratic Party for years to come. Recognizing this, Republicans made populist points by opposing his reappointment during the Senate confirmation hearings last Thursday, January 27 – the day after Mr. Obama’s State of the Union address.

The hearings focused on the Fed’s role as Wall Street’s major lobbyist and deregulator. Despite the fact that its Charter starts off by directing it to promote full employment and stabilize prices, the Fed is anti-labor in practice. Alan Greenspan famously bragged that what has caused quiescence among labor union members when it comes to striking for higher wages – or even for better working conditions – is the fear of being fired and being unable to meet their mortgage and credit card payments. One paycheck away from homelessness, or a downgraded credit rating leading to soaring interest charges, has become a formula for labor management.

As for its designated task in promoting price stability, the Fed’s easy-credit bubble has made asset-price inflation the path to wealth, not tangible capital investment. This has brought joy to bank marketing departments as homeowners, consumers, corporate raiders, states and localities run further and further into debt in an attempt to improve their position by debt leveraging. But the economy has all but neglected its industrial base and the employment goes with manufacturing. The Fed’s motto from Bubblemeister Alan Greenspan to Ben Bernanke has been Asset-price inflation, good; wage and commodity price inflation, bad.

Here’s the problem with that policy. Rising prices for housing have increased the cost of living and doing business, widening the excess of market price over socially necessary costs. In times past the government would have collected the rising location rent created by increasing prosperity and public investment in transportation and other infrastructure making specific sites more valuable. But in recent years taxes have been rolled back. Land sites still cost as much as ever, because their price is set by the market. Land itself has no cost of production. Locational value is created by society, and should be the natural tax base because a land tax does not increase the price of real estate; it lowers it by leaving less free rent to be paid to the banks.

The problem is that what the tax collector relinquishes is now available to be paid to banks as interest. And prospective buyers bid against each other until the winner is whoever is first to pay the land’s location rent to the banks as interest.

This tax shift – to the benefit of the bankers, not homeowners – has made Mr. Obama’s hope of doubling U.S. exports during the next five years ring hollow. This is the upshot of creating wealth in the form of a debt-leveraged real estate and stock market bubble. Labor must pay more for debt-financed housing and education, not to mention payments to health insurance oligopoly and higher sales and income taxes shifted off the shoulders of financial and real estate.

Once the Republicans were certain which way the vote would go, they were able to voice some nice populist sound bites for the mid-term elections this November. Jeff Sessions of Alabama and Sam Brownback of Kansas voted against Mr. Bernanke’s confirmation. Jim deMint of South Carolina warned that reappointing him would be The biggest mistake that we’re going to make for a long time.He added: Confirming Bernanke is a continuation of the policies that brought our economy down.

Among Democrats running for re-election, Barbara Boxer of California pointed out that by spurring the asset-price inflation, the Fed’s pro-Bubble (that is, pro-debt policy) has crashed the economy, shrinking employment. The Fed is supposed to protect consumers, yet Mr. Bernanke is a vocal opponent of the Consumer Finance Products Agency, claiming that the deregulatory Fed alone should be the sole financial regulator – seemingly an oxymoron.

Mr. Obama supports Mr. Bernanke and his State of the Union address conspicuously avoided endorsing the Consumer Financial Products Agency that he earlier had claimed would be the centrepiece of financial reform. Wall Street lobbyists have turned him around. Their logic was the same mantra that Connecticut insurance industry’s Sen. Chris Dodd repeated at the confirmation hearings: Mr. Bernanke has saved the economy.

How can the Fed be said to do this when the volume of debt is growing exponentially beyond the ability to pay? Saving the debt by bailing out creditors – by adding bad private-sector debts to the public sector’s balance sheet – is burdening the economy, not saving it. The policy only postpones the crisis while making the ultimate volume of debt that must be written off higher – and therefore more traumatic to write off, annulling a corresponding volume of savings on the other side of the balance sheet (because one party’s savings are another’s debts).

What really is at issue is the economic philosophy that Mr. Bernanke will apply during the coming four years. Unfortunately, Mr. Bernanke’s questioners failed to ask relevant questions along these policy lines and the economic theory or rationale underlying his basic approach. What needed to be addressed was not just his deregulatory stance in the face of the Bubble Economy and exploding consumer fraud, or even the mistakes he has made. Republican Sen. Jim Bunning elicited only smirks and pained looked as Mr. Bernanke rested his chin on his hand, as if to say,I’m going to be patient and let you rant.The other Senators were almost apologetic.

One popular (and thoroughly misleading) description of Bernanke that has been cited ad nauseum to promote his reappointment is that he is an expert on the causes of the Great Depression. If you are going to create a new crash, it certainly helps to understand the last one. But economic historians who have compared Mr. Bernanke’s writings to actual history have found that it is precisely his misunderstanding of the Depression that is leading him tragically to repeat it.

As a trickle-down apologist for high finance, Prof. Bernanke has drawn systematically wrong conclusions as to the causes of the Great Depression. The ideological prejudice behind his view is of course what got him his job in the first place, for as numerous observers have quipped, a precondition for being hired as Fed Chairman is that one does not understand how the financial system actually works. Instead of recognizing that deepening debt, low wages and the siphoning up of wealth to the top of the economic pyramid were primary causes of the Depression, Prof. Bernanke attributes the main problem simply to a lack of liquidity, causing low prices.

As my Australian colleague Steve Keen recently has written in his Debtwatch No. 42 (http://www.debtdeflation.com/blogs/), the case against Mr. Bernanke should focus on his neoclassical approach that misses the fact that money is debt. He sees the financial problem as being too low a price level for assets to be collateralized for bank loans. And to Mr. Bernanke, wealth is synonymous with what banks will lend, under existing credit terms.

In 1933, the economist Irving Fischer (mainly responsible for the modern monetarist tautology MV = PT) wrote a classic article,The Debt-Deflation Theory of the Great Depression,recanting the neoclassical view that had led him to lose his personal fortune in the 1929 stock market crash. He explained how the inability to pay debts was forcing bankruptcies, wiping out bank credit and spending power, shrinking markets and hence the incentive to invest and employ labor.

Mr. Bernanke rejects this idea, or at least the travesty he paraphrases in his Essays on the Great Depression (Princeton, 2000, p. 24), as Prof. Keen quotes:

Fisher’ s idea was less influential in academic circles, though, because of the counterargument that debt-deflation represented no more than a redistribution from one group (debtors) to another (creditors). Absent implausibly large differences in marginal spending propensities among the groups, it was suggested, pure redistributions should have no significant macroeconomic effects.

All that a debt overhead does is transfer purchasing power from debtors to creditors. Bernanke is reminiscent here of Thomas Robert Malthus, whose Principles of Political Economy argued that landlords (Malthus’s own class) were necessary to maintain economic equilibrium in a way akin to trickle-down theorists through the ages. Where would English employment be, Malthus argued, without landlords spending their revenue on coachmen, fine clothes, butlers and servants? It was landlords spending their rental income (protected by England’s agricultural tariffs, the Corn Laws, until 1846) that kept buggy-makers and other suppliers working. And by the same logic, this is what wealthy Wall Street financiers do today with the money they make by lending to enable homeowners and savers to get rich making capital gains off asset-price inflation.

The reality is that wealthy Wall Street financiers who make multi-million dollar salaries and bonuses spend their money on trophies: fine arts, luxury apartments or houses in gated communities, yachts, fancy handbags and high fashion, birthday parties with appearances by modish pop singers. (I see the yachts of the stock brokers; but where are those of their clients?) This is not the kind of spending that reflects the real economy’s production profile.

Mr. Bernanke sees no problem, unless rich people spend less of their gains on consumer goods and the products of labor than average wage earners. But of course this propensity to consume is precisely the point John Maynard Keynes made in his General Theory (1936). The wealthier people become, the lower a proportion of their income they consume – and the more they save.

This falling propensity to consume is what worried Keynes about the future. He imagined that as economies saved more as their income levels rose, they would spend less on goods and services. So output and employment would not be able to keep pace – unless the government stepped in to make up the gap.

Consumer spending is indeed falling, but not because economies are experiencing a higher net saving rate. The U.S. saving rate has fallen to zero – because despite the fact that gross savings remain high (about 18 percent), most is lent out to become other peoples’ debts. The effect is thus a wash on an economy-wide basis. (18 percent saving less 18 percent debt = zero net saving.)

The problem is that workers and consumers have gone deeper and deeper into debt, saving less and less. This is just the opposite of what Keynes forecast. Only the wealthiest 10 percent or so of the population save more and more – mainly in the form of loans to the bottom 90 percent. Saving less, however, goes hand in hand with consuming less, because of the revenue that the financial sector drains out of the “real” economy’s circular flow (wage-earners spending their income to buy the goods they produce) as debt service. The financial sector is wrapped around the production-and-consumption economy. So an inability to consume is part and parcel of the debt problem. The basis of monetary policy throughout the world today therefore should be how to save economies from shrinking as a result of their exponentially growing debt overhead.

Bernanke’s apologetics for finance capital: Economies seem to need more debt, not less

Bernanke finds declines in aggregate demand to be the dominant factor in the Great Depression (p. ix, as cited by Steve Keen). This is true in any economic downturn. In his reading, however, debt seems not to have anything to do with falling spending on what labor produces. Taking a banker’s-eye view, he finds the most serious problem to be the demand for stocks and real estate. Mr. Bernanke promises not to let falling asset demand (and hence, falling asset prices) happen again. His antidote is to flood the economy with credit as he is now doing, emulating Alan Greenspan’s Bubble policy.

The wealthiest 10 percent of the population do indeed save most of their money. They lend savings – and create new credit – to the bottom 90 percent, or gamble in derivatives or other zero-sum activities in which their gain (if indeed they make any) finds its counterpart in some other parties’ loss. The system is kept going not by government spending, Keynesian-style, but by new credit creation. That supports consumption, and indeed, lending against real estate, stocks and bonds enables borrowers to bid up their prices, enabling their owners to borrow yet more against these assets. The economy expands – until current revenue no longer covers the debt’s carrying charges.

That’s what brings the Bubble Economy down with a crash. Asset-price inflation gives way to crashing prices and negative equity for real estate and for much financial debt leveraging as well. It is in this sense that Prof. Bernanke’s blames the Depression on lower prices. When prices for real estate or other collateral plunge, it no longer can be pledged for more loans to keep the circular flow of lending and debt repayment in motion.

This circular financial flow is quite different from the circular flow that Keynes (and Say’s Law) discussed – the circulation where workers and their employers spent their wages and profits on consumer goods and investment goods. The financial circular flow is between the banks and their clients. And this circular flow swells as it diverts more and more spending from the real economy’s circular flow between income and spending. Finance capital expands relative to industrial capital.[1]

Higher prices in the real economy may help maintain the circular financial flow, by giving borrowers more current income to pay their mortgages, student loans and other debts. Mr. Bernanke accordingly sees FDR’s devaluation of the dollar as helping reflate prices.

Today, however, a declining dollar would make imports (including raw materials as well as key consumer goods) more costly. This would squeeze the budgets of most families, given America’s rising import dependency as its economy is post-industrialized and financialized. So Mr. Bernanke’s favored policy is to get banks lending again – not for the government to spend more on deficit spending on infrastructure, social services or other full employment projects. The government spending that Mr. Bernanke has endorsed is pure bailouts to the banks, insurance companies, real estate packagers and other Wall Street institutions so that they can support asset prices and thereby save the economy’s financial balance sheet, not its employment and living standards.

More debt thus is not the problem, in Chairman Bernanke’s view. It is the solution. This is what makes his re-appointment so dangerous.

Devaluation of the dollar FDR-style will make U.S. real estate, corporations and other assets cheaper to global investors. It thus will have the same positive effects (if you can call making homes and office buildings more costly to buyers a positive effect) as more credit – and without the debt service needing to be raked off from the economy. This policy is akin to the International Monetary Fund’s stabilization and austerity programs that have caused such havoc over the past few decades.[2] It is the policy being prepared for imposition on the United States. This too is what makes Bernanke’s re-appointment so dangerous.

The problem is a combination of Mr. Bernanke’s dangerous misreading of economic history, and the banker’s-eye perspective that underlies this view – which he now has been empowered to impose from his perch as central planner at the Federal Reserve Board. Pres. Obama’s support for his reappointment suggests that the recent economic rhetoric heard from the White House is a faux populism. The President promises that this time, it will be different. The former Bush appointees – Geithner, Bernanke and the Goldman Sachs managers on loan to the Treasury – will be willing to stand up to Goldman Sachs and the other bankers. And this time the Clinton-era Rubinomics boys will not do to the U.S. economy what they did to the Soviet Union.

With this stance, it is no wonder that the Obama Democrats are relinquishing the populist anti-Wall Street card to the Republicans!

The Bernanke albatross

Mr. Bernanke misses the problem that debts need to be repaid – or at least carried. This debt service deflates the non-financial real economy. But the Fed’s analysis stops just before the crash. It is a good news theory limited to the happy time while the bubble is expanding and homeowners borrow more and more from the banks to buy houses (or more accurately, their land sites) that are rising in price. This was the Greenspan-Bernanke bubble in a nutshell.

We need not look as far back as the Great Depression. Japan since 1990 is a good example. Its land prices declined every quarter for over 15 years after its bubble burst. The Bank of Japan did what the Federal Reserve is doing now: It lowered lending rates to banks below 1%. Banks earned their way out of debt by lending to global speculators who used the yen loans to convert into foreign currency and buy higher-yielding assets abroad – capped by Icelandic government bonds paying 15%, and pocketing the arbitrage difference.

This steady conversion of speculative money out of yen into foreign currency held down Japan’s exchange rate, helping its exporters. Likewise today, the Fed’s low-interest policy leads U.S. banks to borrow from it and lend to arbitrageurs buying higher-yielding bonds or other securities denominated in euros, sterling and other currencies.

The foreign-exchange problem develops when these loans are paid back. In Japan’s case, when global financial markets turned down and Japanese interest rates began to rise in 2008, arbitrageurs decided to unwind their positions. To pay back the yen they had borrowed from Japanese banks, they sold euro- and dollar-denominated bonds and bought the Japanese currency. This forced up the yen’s exchange rate – eroding its export competitiveness and throwing its economy into turmoil. The long-ruling Liberal Democratic Party was voted out of power as unemployment spread.

In the U.S. case today, Chairman Bernanke’s low interest-rate regime at the Fed has spurred a dollar-denominated carry trade estimated at $1.5 trillion. Speculators borrow low-interest dollars and buy high-interest foreign-currency bonds. This weakens the dollar’s exchange rate against foreign currencies (whose central banks are administering higher interest rates). The weakening dollar leads U.S. money managers to send more investment funds out of our economy to those promising stock market gains as well as a foreign-currency gain.

The prospect of undoing this credit creation threatens to lock the United States into a low-interest trap. The problem is that if and when the Fed begins to raise interest rates (for instance, to slow the new bubble that Mr. Bernanke is trying to inflate), global speculators will repay their dollar debts. As the U.S. carry trade is unwound, the dollar will soar in price. This threatens to make Mr. Obama’s promise to double U.S. exports within five years seem an impossible dream.

The prospect is for U.S. consumers to be hit by a triple whammy. They must pay higher prices for the goods they buy as the dollar declines, making imports more expensive. And the government will be spending less on the economy’s circular flow as a result of Pres. Obama’s three-year spending freeze to slow the budget deficits. Meanwhile, states and cities are raising taxes to balance their own budgets as tax receipts fall. Consumes and indeed the entire economy must run more deeply into debt simply to break even (or else see living standards eroded).

To Mr. Bernanke, economic recovery requires resuscitating the Goldman Sachs squid that Matt Taibbi so artfully has described as being affixed to the face of humanity, duly protected by the Fed. The banks will lend more to keep the debt pyramid growing to enable consumers, businesses and local government to avoid contraction.

All this will enrich the banks – as long as the debts can be paid. And if they can’t be paid, will the government bail them out all over again? Or will it be different this time around?

Will our economy flounder with Mr. Bernanke’s reappointment as the rich get richer and the American family comes under increasing financial pressure as incomes drop while debts grow exponentially? Or will Americans get rich off the new bubble as the Fed re-inflates asset prices?

The Road to Debt Peonage

Last week, Senator John Kerry of Massachusetts acknowledged many Americans’ anger about the bailouts of the big banks: It’s understandable why there is debate, questioning and even anger about Mr. Bernanke’s re-nomination. Still, he added,out of this near calamity, I believe Chairman Bernanke provided leadership that was urgent, nimble, strong and vital in staving off greater disaster.

Unfortunately, by disaster Sen. Kerry seems to mean losses for Wall Street. He shares with Chairman Bernanke the idea that gains in raising asset prices are good for the economy – for instance, by enabling pension funds to pay retirees and “build wealth” for America’s savers.

While the Bush-Obama team hopes to reflate the economy, the $13 trillion bailout money they have spent trying to fuel the destructive bubble takes the form of trickle-down economics. It has not run up public debt in the Keynesian way, by government spending such as in the modest Stimulus package to increase employment and income. And it is not providing better public services. It was designed simply to inflate asset prices – or more accurately, to prevent their decline.

This is what re-appointment of the Fed Chairman signifies. It means a policy intended to raise the price of housing on credit, with a corresponding rise in consumer income paid to bankers as mortgage debt service.

Meanwhile, rising stock and bond prices will increase the price of buying a retirement income. A higher stock price means a lower dividend yield. The same is true for bonds. Flooding the capital markets with credit to bid up asset prices thus holds down the yield of the assets of pension funds, pushing them into deficit. This enables corporate managers to threaten bankruptcy of their pension plans or entire companies, General Motors-style, if labor unions do not renegotiate their pension contracts downward. This frees yet more money for financial managers to pay creditors at the top of the economic pyramid.

Mr. Bernanke’s opposition to regulating Wall Street

How does one overcome this financial polarization? The seemingly obvious solution is to select Fed and Treasury administrators from outside the ranks of ideologues supported by – indeed, applauded by – Wall Street. Creation of a Consumer Financial Products Agency, for instance, would be largely meaningless if a deregulator such as Mr. Bernanke were to run it. But that is precisely what he is asking to do in testifying that his Federal Reserve should be the sole regulatory agency, nullifying the efforts of all others – just in case some state agency, some federal agency or some Congressional committee might move to protect consumers against fraudulent lending, extortionate fees and penalties and usurious interest rates.

Mr. Bernanke’s fight against proposals for such regulatory agencies to protect consumers from predatory lending is thus a second reason not to re-appoint him. How can Mr. Obama campaign for his reappointment as Chairmanship of the Fed and at the same time endorse the consumer protection agency? Without dumping Bernanke and Geithner, it doesn’t seem to matter what the law says. The Democrats have learned from the Bush and Reagan administrations that all you have to do is appoint deregulators in key positions, and legal teeth are irrelevant.

Independence of the Federal Reserve is a euphemism for financial oligarchy

This brings up the third premise that defenders of Mr. Bernanke cite: the much vaunted independence of the Federal Reserve. This is supposed to be safeguarding democracy. But the Fed should be subject to representative democracy, not independent of it! It rightly should be part of the Treasury representing the national interest rather than that of Wall Street.

This has emerged as a major problem within America’s two-party political system. Like the Republican team, the Obama administration also puts financial interests first, on the premise that wealth flows from its credit activities, the financial time frame tends to be short-run and economically corrosive. It supports growth in the debt overhead at the expense of the real economy, thereby taking an anti-labor, anti-consumer, anti-debtor policy stance.

Why on earth should the most important sector of modern economies – finance – be independent from the electoral process? This is as bad as making the judiciary independent, which turns out to be a euphemism for seriously right-wing.

Over and above the independence issue, to be sure, is the problem that the government itself if being taken over by the financial sector. The Treasury Secretary, Fed Chairman and other financial administrators are subject to Wall Street’s advice and consent first and foremost. Lobbying power makes it difficult to defend the public interest, as we have seen from the tenure of Mr. Paulson and Mr. Geithner. I don’t believe Mr. Obama or the Democrats (to say nothing of the Republicans) is anywhere near rising to the occasion of solving this problem. One can only deplore Mr. Obama’s repetition of his endorsements.

Allied to the independence issue is a fourth reason to reject Mr. Bernanke personally: the Fed’s secrecy from Congressional oversight, highlighted by its refusal to release the names of the recipients of tens of billions of Fed bailouts and cash-for-trash swaps.

Does it matter?

Now that the confirmation arguments against Mr. Bernanke’s reappointment have been rejected, what does it mean for the future?

On the political front, his reappointment is being cited as yet another proof that the Democrats care more for bankers than for American families and employees. As a result, it will do what seemed unfathomable a year ago: enable GOP candidates to strike the pose of FDR-type saviors of the embattled middle class. No doubt another decade of abject GOP economic failure would simply make the corporate Democrats appear once again to be the alternative. And so it goes … unless we do something about it.

The problem is not merely that Mr. Bernanke failed to do what the Fed’s charter directs it to do: promote employment in an environment of stable prices. The Republicans – and some Democrats – read out the litany of Bernanke abuses. The Fed could have raised interest rates to slow the bubble. It didn’t. It could have stopped wholesale mortgage fraud. It didn’t. It could have protected consumers by limiting credit card rates. It didn’t.

For Bernanke, the current financial system (or more to the point, the debt overhead) is to be saved so that the redistribution of wealth upward will continue. The Congressional Research Service has calculated that from 1979 to 2003 the income from wealth (rent, dividends, interest and capital gains) for the top 1 percent of the population soared from 37.8% to 57.5%. This revenue has been expropriated from American employees pushed onto debt treadmills in the face of stagnating wages.

Meanwhile, the government is permitting corporate tollbooth to be erected across our economy – and un-taxing this revenue so that it can be capitalized into financialized wealth paying only a 15% tax rate on capital gains. It pays these taxes not as these gains accrue, but and only when they realize them. And the tax does not even have to be paid if the sales proceeds of these assets is reinvested! Financial and fiscal policy thus reinforce each other in a way that polarizes the economy between the financial sector and the real economy.

Behind these bad policies is a disturbing body of junk economics – one that, alas, is taught in most universities today. (Not at the University of Missouri at Kansas City, and a few others, to be sure.) Mr. Bernanke views money simply as part of a supply and demand equation between money and prices – and he refers here only to consumer prices, not the asset prices which the Fed failed to address. That is a big part of the Fed’s blind spot: Messrs. Greenspan and Bernanke imagined that its charter referred only to stabilizing consumer prices and wages – while asset prices – the cost of obtaining housing, an education or a retirement income – have soared as a result of debt leveraging.

What Mr. Bernanke misses – along with his neoclassical colleagues – is that the money that is spent bidding up prices is also debt. This means that it leaves a debt legacy. When banks provide credit by writing loans, what they are selling is debt.

The question their marketing departments ask is, how large is the market for debt? When I went to work for Chase Manhattan in 1967 as its balance-of-payments analyst, for example, I liaised with the marketing department to calculate how large the international debt market was – and how large a share of this market the bank could reasonably expect to get.

The bank quantified the debt market by measuring how large a surplus borrowers could squeeze out over and above basic break-even needs. For personal loans, the analogy was how much could a wage earner afford to pay the bank after meeting basic essentials (rent, food, transportation, taxes, etc.). For the real estate department, how much net rental income could a landlord pay out, after meeting fuel and other operating costs and taxes? The anticipated surplus revenue was capitalized into a loan. From the marketing department’s vantage point, banks aimed at absorbing the entire surplus as debt service.

Financial debt service is not spent on consumer goods. It is recycled into new loans, after paying dividends to stockholders and salaries and bonuses to its managers. Stockholders spend their money on buying other investments – more stocks and bonds. Managers buy trophies – yachts, trophy paintings, trophy cars, trophy apartments (whose main value is their location – the neighborhood where their land is situated), foreign travel and other luxury. None of this spending has much effect on the consumer price index, but it does affect asset prices.

This idea is lacking in neoclassical and monetarist theory. Once money (that is, debt) is spent, it has an effect on prices via supply and demand, and that is that. There is no dynamic over time of debt or wealth. Ever since Marxism pushed classical political economy to its logical conclusion in the late 19th century, economic orthodoxy has been traumatized from dealing about wealth and debt. So balance-sheet relationships are missing from the academic economics curriculum. That is why I stopped teaching economics in 1972, until the UMKC developed an alternative curriculum to the University of Chicago monetarism by focusing on debt creation and the recognition that bank loans create deposits, inverting the usual “Austrian” and other individualistic parallel universe theories.

Notes

[1] I elaborate the logic in greater detail in Saving, Asset-Price Inflation, and Debt-Induced Deflation,in L. Randall Wray and Matthew Forstater, eds., Money, Financial Instability and Stabilization Policy (Edward Elgar, 2006):104-24. And I explain how the recent expansion of credit and easing of lending terms fueled the real estate bubble in The New Road to Serfdom: An illustrated guide to the coming real estate collapse,Harpers, Vol. 312 (No. 1872), May 2006):39-46.
[2] I explain the workings of these plans in greater detail in Super Imperialism: The Economic Strategy of American Empire (1972; new ed., 2002),Trends that can’t go on forever, won’t: financial bubbles, trade and exchange rates,in Eckhard Hein, Torsten Niechoj, Peter Spahn and Achim Truger (eds.), Finance-led Capitalism? (Marburg: Metropolis-Verlag, 2008), and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy (1992, new ed. 2009).