CHINA CAN CRASH THE WORLD

HOARDING OF GOLD AND SILVER

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

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

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

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

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

FAMINE

REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)

THIS IS AN OLD STORY BUT ITS A GOOD ONE HOW CHINA CAN CRASH THE WORLDS MARKET IF IT WOULD DUMP AMERICAN DOLLARS. CHINA OWNS AMERICA AND LOTS OF OTHER COUNTRIES SO IF CHINA DUMPS THE DOLLAR, THE WORLD CRASHES. AFTER THE FUTURE CRASH THE BIBLE SAYS THE EU WILL STEP INTO TAKE OVER THE WORLD ECONOMY.

LUKE 21:25 IS COMING TO PASS QUICKLY NOW
25 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.

NOTICE WHILE THE STORMS,TORNADOES,HURRICANES AND TSUNAMIS ARE COMING ON THE EARTH, THE NATIONS ARE IN TURMOIL. I WOULD SAY GODS WORD IS BEING FULFILLED BIGTIME, AS THE STOCK MARKET, WORLD WARS AND JUST MASS CONFUSION REIGNS IN EVERY COUNTRY IN THE WORLD RIGHT NOW.

Could China Crash the US Dollar on a Whim?
by: Adam Kritzer posted on: October 23, 2007 |

Over the last 30 years, China’s economy has grown at an average annualized rate of nearly 10%. While this statistic alone is jaw-dropping, what is more impressive is the extent to which the nominally Communist country’s economy has become intertwined in the global economy. China now exerts enormous influence over the economies of virtually every country in the world, and a slight change in its domestic economic policy has the potential to send shockwaves rippling throughout the world. Nowhere is this more apparent-and frightening-then in China’s economic relationship with the United States, which is very much at the mercy of China when it comes to prices, wages, interest rates, most importantly, the value of the Dollar. The precariousness of this relationship is already the subject of significant publicity, redolent of the Japanaphobia of the 1980’s that saw American economists scare-mongering about Japanese control of the US economy. [Of course this later turned out to be unfounded, but that is beyond the scope of our discussion.] With regard to China, most of the analysis is focused on its growing foreign exchange reserves, the majority of which are held in Dollar-denominated assets. This article will go beyond forex reserves and discuss several other facets of China’s economy. From US house prices to global commodity prices, from interest rates to inflation rates, we will explore how China could cripple the US economy, both willfully and unintentionally, if so desired.

Forex Reserve Diversification

Let’s begin with an examination of China’s forex reserves, which is probably China’s biggest bargaining chip in its economic relationship with the US. Up until two years ago, China’s currency, the RMB or Yuan, was pegged to the Dollar. As with any peg, there often develops a discrepancy between the fixed value of the currency and the value that the market would assign if the currency were permitted to float. As China’s economy surged ahead, especially over the last five to ten years, tremendous pressure began to build under the RMB. In order to maintain the peg and hold down the value of the RMB, China began accumulating foreign exchange reserves by withdrawing foreign currency from circulation. Today, China’s foreign exchange reserves are massive, at $1.4 trillion as of September 2007. In the eyes of American policy-makers, this presents a problem because the majority of these reserves are held in Dollar-denominated assets, namely in the form of US Treasury securities. The US government theoretically could not be happier that foreign Central Banks are willing to finance its perennial budget deficits. However, this borrowing has reached a point where foreigners now control over 40% of the US national debt. Moreover, long-term US interest rates are market-driven, based on the buying and selling of US government bonds. In other words, the US has gradually ceded control of its long-term interest rates to foreign Central Banks, namely China and Japan.

As the Dollar has depreciated over the last five years, many Central Banks have begun “diversifying” their forex reserves, by switching from Dollar assets to assets denominated in other currencies. This is problematic for the Dollar for two reasons. First, switching from US assets to European assets, for example, directly causes the Dollar to depreciate. Second, the bulk sale of US treasury securities (whether or not they are replaced with other US-assets) causes US bond prices to decline and hence, yields to increase. Thus, if China suddenly decided to diversify its reserves, for economic and/or political reasons, it could potentially crash the Dollar and send US long-term interest rates skyward. Since mortgage rates are tied directly to government bond yields, a rise in interest rates would probably also affect US real estate prices. Higher interest rates would make borrowing for a home more difficult, which would lower the demand for houses and thus, the value of American real estate. In fact, China recently created the China Investment Co. Ltd., capitalized with almost $300 Billion, charged with investing its vast forex reserves in higher-yielding assets. However, the company’s inaugural investment was a stock purchase in the Blackstone group, an American private equity firm. Thus, while it seems likely that China will gradually discard some of its stock of US Treasury Securities, the affect on the value of the Dollar will be minimal. Besides, while China would certainly punish US businesses and consumers by unloading US Treasuries on the market, it would punish itself even more, since the value of the government bonds that it didn’t sell would decline. In short, it seems China will probably hold off on exercising its nuclear option for the time being.

Currency Manipulation

The second aspect of the China-US economic relationship which China could wield to its advantage is the RMB itself. American public officials enjoy criticizing China for failing to allow its currency to appreciate more quickly. In fact, there is a bill that has been lying dormant in the US Congress which threatens to slap a massive across-the-board tariff on all Chinese imports if China fails to allow the RMB to appreciate adequately against the Dollar. What policymakers don’t realize is that a rapid appreciation in the RMB would actually harm the US economy. Coupled with its growing role as the world’s factory, China’s cheap currency has made Americans wealthier, by increasing their purchasing power. As production of labor-intensive goods was outsourced to China over the last decade, prices for finished products began to fall both in real terms and in nominal terms. While the effect on US employment trends is debatable, its effect on prices has been unambiguous. Thus, even while the American economy boomed, inflation remained relatively modest by historical standards. This allowed the Federal Reserve Board to hold interest rates down and foment economic growth.

As the RMB appreciates, Chinese producers will become ever-more forced to pass along some of the price increase to consumers. Now, if China was to suddenly revalue its currency by the 25%-30% that western policy-makers are demanding, prices on a whole host of Chinese products would jump up overnight. This would adversely affect American purchasing power and limit consumption to such an extent that the US would be in danger of slipping into recession. While the trade deficit that is the bane of American politicians’ existence might decrease in the long-term, it would skyrocket in the short-term. Besides, as many analysts have been quick to point out, there is not much overlap between Chinese and American production. Thus, a more expensive Yuan would send production to other parts of Asia, rather than back to America. While the US-China trade deficit might narrow, it would be offset by increased imbalance with the rest of Asia. Just like with the case of its foreign exchange reserves, however, China is unlikely to exercise this option because it would deal equal harm to itself. China’s ruling Communist party derives most of its legitimacy from the strength of its economy, and especially exports. If a more expensive Yuan forced producers to relocate to other parts of Asia, it would certainly spell trouble for the CCP!

Direct Competition with US Exporters

A more potent (and plausible) weapon would be to compete more directly with US exporters, by expanding into high-technology products. Currently, China specializes in manufacturing labor-intensive products, which have long since been manufactured outside of the United States. As previously stated, a revaluation of the Chinese Yuan would surely not return production to the US. However, if China were to expand into capital-intensive and/or high-technology products, it could easily steal marketshare and jobs from the US.

Limiting the Importation of US Products

Of course, there is also the imports side of the trade equation. China is quickly becoming one of the United States’ largest export markets; limiting the importation of US goods and services would certainly be felt in the US. In fact, China already requires multinational companies in many industries to form joint ventures with Chinese companies in order to produce and/or sell their wares in China. Other anti-competitive measures include tariffs, import taxes, quotas, or a simple ban on the importation of certain types of products. Each would have a devastating impact on the US trade deficit with China and would probably result in retaliatory sanctions by the US.

Wage Pressure

Next, there is the impact that China has exerted on global wages. When Deng XiaoPing’s famous tour of the South in 1979 ignited three decades of dizzying growth, hundreds of millions of Chinese were added to the global labor pool overnight. Yet, the majority of China’s population remains concentrated in rural areas. In fact, there are perhaps 500 million Chinese peasants that have yet to join the modern labor force, which means the full effect of China’s economic explosion has yet to be fully realized by the rest of the world. Already, there is no hope of unskilled work that has already been outsourced returning to the US. If/when China begins to expand into the production of high-technology goods and more complex services, it will encroach on the territory of American businesses. Unfortunately for the US, China will likely make these undercapitalized sectors of its economy more of a priority in its next five year plan. One popular method for estimating GDP is the income approach, which, as its name suggests, represents a summation of the reported incomes of a given country’s domestic population. Logic dictates that downward pressure on the wages of skilled American workers would negatively impact US GDP, and at the very least, would curtail the purchasing power of American consumers. This would also limit US exports to China, since Chinese would have homegrown alternatives to choose from.

Raw Material Pricing

In addition, there is the impact that China’s economic growth has exerted on global raw material prices. It has been said that 25% of the world’s construction cranes are currently located in China, to support the country’s building boom. These massive development and infrastructure projects require proportionally massive quantities of raw materials, namely cement and steel. Unfortunately, China is especially inefficient at converting raw materials into finished products. Combined with the CCP’s emphasis on the near-term (which inherently prioritizes low cost over efficiency), this is placing a tremendous strain on global energy supplies, driving prices skyward.

Competition for Energy

The global prices for oil and coal are already at record highs and China only consumes 1/15 the amount of per-capita energy as the US! Chinese energy companies are becoming increasingly visible, scouring the globe for stable supplies of energy and often coming head-to-head with American energy companies. Conveniently, China does not recognize the ethical issues which arise from purchasing energy from dictatorships and corrupt regimes, whereas US companies are limited from doing business in these places. From Sudan to Myanmar to Kazakhstan, Chinese companies have set up join ventures where US companies could not. While energy prices have certainly risen in the US, they have not kept pace with global energy prices. In this way, China is able to ensure that its citizens and its businesses have the oil, coal, and natural gas that they require, while their American counterparts may be forced to conserve. Two years ago, the Chinese National Offshore Oil Company [CNOOC] (CEO) attempted to purchase an American energy company, Unocal, for over $18 Billion. However, the deal was blocked by the US Congress, which feared Unocal’s energy reserves would be supplied to China at the expense of Americans. It did not help CNOOC’s case that 70% of the Company was effectively owned by the CCP. Needless to say, Chinese government officials were not happy with the outcome; (Unocal was ultimately sold to Chevron for a lower price). China has already shown its willingness to use extreme tactics to secure an adequate energy supply. It seems reasonable to expect its energy policy will continue to oppose and inconvenience the US.

Conclusion

In short, China has several economic weapons at its disposal for countering the US, ranging from the manipulation of its currency to the diversification of its burgeoning stock of forex reserves. It also has several less blunt options to choose from, such as enabling Chinese companies to compete more directly and effectively with US companies, and opposing the US in securing a domestic energy supply. On all of these fronts, the US is essentially being held hostage, since it has become so dependent on China as the world’s factory. Ultimately, it seems unlikely that China will deliberately butt heads with the US unless it is first provoked, but America should nonetheless be on its guard since its economy hangs in the balance.

N KOREA READY TO RESTART NUKES

REVELATION 7:1-17 (144,000 MESSIANIC JEWS PREACH WORLDWIDE)
1 And after these things I saw four angels standing on the four corners of the earth, holding the four winds of the earth, that the wind should not blow on the earth, nor on the sea, nor on any tree.
2 And I saw another angel ascending from the east, having the seal of the living God: and he cried with a loud voice to the four angels, to whom it was given to hurt the earth and the sea,
3 Saying, Hurt not the earth, neither the sea, nor the trees, till we have sealed the servants of our God in their foreheads.
4 And I heard the number of them which were sealed: and there were sealed an hundred and forty and four thousand of all the tribes of the children of Israel.
5 Of the tribe of Juda were sealed twelve thousand. Of the tribe of Reuben were sealed twelve thousand. Of the tribe of Gad were sealed twelve thousand.
6 Of the tribe of Aser were sealed twelve thousand. Of the tribe of Nephthalim were sealed twelve thousand. Of the tribe of Manasses were sealed twelve thousand.
7 Of the tribe of Simeon were sealed twelve thousand. Of the tribe of Levi were sealed twelve thousand. Of the tribe of Issachar were sealed twelve thousand.
8 Of the tribe of Zabulon were sealed twelve thousand. Of the tribe of Joseph were sealed twelve thousand. Of the tribe of Benjamin were sealed twelve thousand.
9 After this I beheld, and, lo, a great multitude, which no man could number, of all nations, and kindreds, and people, and tongues, stood before the throne, and before the Lamb, clothed with white robes, and palms in their hands;
10 And cried with a loud voice, saying, Salvation to our God which sitteth upon the throne, and unto the Lamb.
11 And all the angels stood round about the throne, and about the elders and the four beasts, and fell before the throne on their faces, and worshipped God,
12 Saying, Amen: Blessing, and glory, and wisdom, and thanksgiving, and honour, and power, and might, be unto our God for ever and ever. Amen.
13 And one of the elders answered, saying unto me, What are these which are arrayed in white robes? and whence came they?
14 And I said unto him, Sir, thou knowest. And he said to me, These are they which came out of great tribulation, and have washed their robes, and made them white in the blood of the Lamb.
15 Therefore are they before the throne of God, and serve him day and night in his temple: and he that sitteth on the throne shall dwell among them.
16 They shall hunger no more, neither thirst any more; neither shall the sun light on them, nor any heat.
17 For the Lamb which is in the midst of the throne shall feed them, and shall lead them unto living fountains of waters: and God shall wipe away all tears from their eyes.

TOVIA SINGER AT ISRAEL NATIONAL RADIO CLAIMS HES FOR CHRISTIANS BUT LISTEN TO THIS SHOW AND SEE.THANK GOODNESS THE FUTURE 144,000 JEWISH RABBIS PREACHING TO THE WORLD WILL BELIEVE JESUS AS MESSIAH AND WILL TRUELY BE A LIGHT TO THE NATIONS. THE MESSAGE PREACHED BY THE 144,000: JESUS (GOD) THE KING IS RETURNING TO EARTH BODILY, REPENT AND BE SAVED.

TOVIA WANTS CHRISTIANS TO CONVERT HIM P1
mms://msmedia.a7.org/arutz7/shows/ts/tovia080917a.mp3

TOVIA WANTS CHRISTIANS TO CONVERT HIM P2
mms://msmedia.a7.org/arutz7/shows/ts/tovia080917b.mp3

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.

Caribbean tropical depression less likely: NHC SEPT 19,08

NEW YORK (Reuters) - An Eastern Caribbean Sea tropical wave moving slowly westward across the Lesser Antilles early Friday was less likely to strengthen into a tropical depression or storm over the next couple of days, the U.S. National Hurricane Center said in its latest update. The agency was also monitoring several other Atlantic tropical waves, but none so far appeared likely for further development.The 2008 Atlantic hurricane season has been particularly active this year, with 10 named storms so far, five of which strengthened into hurricanes. The season runs through November 30 and typically has an average of 10 named storms, six of which become hurricanes.Energy traders watch for storms that could enter the Gulf of Mexico and threaten U.S. oil and natural gas infrastructure along the coast.

Commodities traders also watch for storms that could hit agriculture crops like citrus and cotton in Florida and other states along the Gulf Coast.(Reporting by Eileen Moustakis; Editing by John Picinich)

Texas a grim tableau nearly a week after Ike By JUAN A. LOZANO and CHRISTOPHER SHERMAN, Associated Press Writers SEPT 19,08

GALVESTON, Texas - It's been nearly a week since Hurricane Ike bulled ashore, and the images of once-bustling coastal Texas communities reduced to only a faint shadow of their old selves are no less staggering. Survivors traipsing past debris piled higher than their heads. Loose livestock grazing beneath downed power lines. Before-and-after shots of whole neighborhoods washed away. Scores of people taking on the drudgery of making it all livable again for weary and anxious evacuees still waiting to come home.The city of Galveston is not in ruins, Mayor Lyda Ann Thomas said Thursday, striking a defiant tone.Then she ceded the podium to city manager Steve LeBlanc, who said Galveston basically is on life support.There's some power to the only hospital, but not enough. Cell phone service is improving, which helps repair crews coordinate, but coverage is still spotty. More water is flowing out of the city's pipes than is flowing in.Our water system is bleeding, LeBlanc said.At the very least, the barrier island community isn't ready for the return of the 45,000 who heeded orders to flee, about three-fourths of the population. Officials pleaded with evacuees to sit tight to give workers time to stabilize basic services.By staying away and being patient, you are making it possible for us to get you home in a week or so, instead of the months it would take if the city's infrastructure were more overwhelmed at this point, Thomas said.Galveston Island remained closed, as did the worse-off Bolivar Peninsula. Search teams pulled out of both areas this week after sweeping every house, authorities said.

To the northwest, life took more steps toward normalcy in Houston, where traffic picked up on the downtown streets. Flight control of the International Space Station was to return Friday to the Johnson Space Center, which shut down a few days before Ike's strike.CenterPoint Energy said it had restored power to nearly 900,000 homes, and the utility was fast approaching the point where more people in the nation's fourth-largest city would be with electricity than without. About 1.5 million are still without power statewide.More than 1 million people evacuated the Texas coast as Ike steamed across the Gulf of Mexico. Gov. Rick Perry said 22,000 people were still living in more than 200 shelters. Ike's death toll in the U.S. stood at 56, with 22 in Texas, though authorities cautioned that more victims could be found.

The Interior Department said Thursday that Ike destroyed at least 49 of the more than 3,800 offshore oil or natural gas production platforms in the Gulf of Mexico, and some may not be rebuilt. The damaged platforms accounted for tiny percentages of the Gulf's daily output of oil and natural gas.The federal relief effort has delivered hundreds of trucks of ice, water and food to more than 5 million people in the region. The Federal Emergency Management Agency said it had handed out 2.5 million liters of water, 2 million meals and 100,000 tarps.Among those accepting a hand was Cheryl Harwell, who holed up in an empty hotel as Ike devastated the Bolivar Peninsula community of Crystal Beach. She ignored a mandatory evacuation order six days ago, and suggested she wouldn't be leaving anytime soon.I got everything I need here, said Harwell, 50, as she sat on the hotel's second-floor balcony with her husband and a friend.Destruction surrounded them, but their second-floor abode was dry and tidy, complete with clean linen, bottled water and beer.

We're happy here, said Harwell's husband, Armando Briones. We've got plenty of cigarettes and plenty of food.If they need something, they simply flag down the National Guard, which has been making daily checks. Back on the mainland, the Red Cross began to close some shelters outside the greater Houston area, though it was still accepting evacuees closer to the most damaged spots, said Jana Sweeney, a spokeswoman for the agency. People will come home and realize that their home is not livable, and check back into the shelters, she said. That's what happened to Virginia Collins, a nurse's assistant who left her home in Houston to stay with family in Denton during the storm. When the coast was clear, she went home to find her ceiling caved in, insulation spilling from the walls and black mold spreading around the house — a place she moved after Hurricane Rita destroyed her Port Arthur home three years ago. With her Houston home uninhabitable, she was at the city's convention center looking for shelter Thursday. I was OK until I got back here, Collins said. Juan A. Lozano contributed from Crystal Beach. Associated Press writers Andre Coe in Galveston, Michelle Roberts in San Antonio and Chris Duncan and Paul J. Weber in Houston contributed to this report.

HOARDING OF GOLD AND SILVER

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

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

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

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

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

INTERESTING THE GOVERNMENT IS BAILING OUT THESE BIG COMPANIES WHILE THE PEOPLE STILL HAVE TO PAY FOR THEIR BANKRUPT HOUSES AND ALL AMERICANS GET STIFFED FOR THE TRILLIONS TO BAIL THESE COMPANIES OUT, SOME DEAL FOR THE PEOPLE AS WELL AS LOSING BILLIONS IN THE STOCK MARKETS THIS WEEK. DOES SOMETHING SMELL A LITTLE FISHY ABOUT THIS GOVERNMENT SO CALLED SAVING THE MARKETS.

Stocks soar as investors bet on gov't rescue plan SEPT 19,08
Ap Business Writer – 27 mins ago Play Video AP – Wall Street rallies on signs of relief

NEW YORK – Wall Street extended a huge rally Friday as investors stormed back into the market, relieved that the government plans to restore calm to the financial system by rescuing banks from billions of dollars in bad debt. The Dow Jones industrials rose about 370 points, giving them a massive gain of about 780 over two days, and Treasurys fell as money flowed into equities.The plan to rescue banks from billions of dollars in soured debt has reassured investors who worried that a continuum of bad bets on mortgages would hobble more financial companies and cause even further damage to the banking system and the overall economy.If a solid plan is put in place, it's definitely going to be a positive in easing the pain, said Stephen Carl, principal and head of equity trading at The Williams Capital Group. He added, though, that the set-up of any plan will determine how successful it is.A new government ban on short selling, or placing bets that a stock will fall, likely added to the market's gains as traders adjusted their positions. A big chunk of this is scaring all the shorts to cover their bets, said Joe Battipaglia, market strategist at Stifel, Nicolaus & Co.Treasury Secretary Henry Paulson, speaking about the rescue plan, said a bold approach is needed to remove troubled assets from the books of financial firms. He offered few details, but said he would working through the weekend with congressional leaders.The government's fix could help resolve a yearlong credit crisis that intensified this week, pummeling the stock market and forcing lending to grind to a virtual standstill. Wall Street suffered massive losses Monday and Wednesday, and credit markets seized up following this week's bankruptcy of Lehman Brothers Holdings Inc. and the bailout of teetering insurer American International Group Inc.Analysts said it was the first government response decisive enough to restore confidence in the markets.Everything they had done had been a Band-Aid approach, at the margins, said Jay Mueller, economist at Strong Capital Management. Now we're dealing with the root problem.The government took other steps Friday to restore stability to the financial system. The Federal Reserve said it will expand its emergency lending and let commercial banks finance purchases of asset-backed paper from money market funds. The Fed injected another $20 billion in temporary reserves into the U.S. financial system. The central bank also will buy short-term debt obligations issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

And to help calm investors' anxieties, the Treasury Department has decided to use a Depression-era fund to provide guarantees for U.S. money market mutual funds. Money market mutual funds are typically considered safe, but many investors have been fleeing them, fearing that the funds' holdings included souring corporate debt.To help limit the freefall in financial stocks, the Securities and Exchange Commission on Friday enacted a temporary ban on the short-selling of nearly 800 financial stocks. Short-selling is the common practice of betting against a stock by borrowing shares and then selling them in the open market. A short-seller's hope is the stock will fall; if it does, the stock can be bought back at the lower price. Those cheaper shares can be returned to the lender, allowing the investor to pocket the profits. Traders can lose, however, if the stock rises.Wall Street observers have disagreed over the extent to which pressure from all those bets that a stock will fall shaped investor sentiment and strangled some financial stocks, like those of Lehman Brothers last week. Some say the fundamental problems with overleveraged financial companies warranted the pessimism while others say the short selling was a death knell for some financial names.The federal government has been petitioned by Wall Street to take evasive action in the money markets, the stock and bond markets, to avoid a complete meltdown of the credit system, said Battipaglia. Once the credit system melts down, the economy falls. We can hand-wring about if this is the proper thing for the government to do, or if Wall Street pulled the panic button too soon, but that's something for the historians to sort out.It's difficult to quantify how much of the market's gains reflected short sellers who are forced to step in and cover their bets by buying now rising stocks that had predicted would fall. While that appeared to play some role in the advances Thursday and Friday, the Nasdaq composite index — dominated by big technology stocks, not financials — showed big gains along with the Dow and the Standard & Poor's 500 index.According to preliminary calculations, the Dow rose 368.75, or 3.35 percent, to 11,388.44 after having been up as much as 463.36.Friday was a quarterly quadruple witching day, which marks the simultaneous expiration of options contracts, an event that often adds to volatility and heavy volume.Broader stock indicators also surged Friday. The S&P 500 index rose 48.57, or 4.03 percent, to 1,255.08, and the Nasdaq composite index rose 74.80, or 3.40 percent, to 2,273.90.Even with Friday's big gains, stocks didn't end the week with much change after the whipsaw sessions. The Dow slipped 0.29percent, the S&P 500 rose 0.27 percent and the Nasdaq added 0.56 percent. Treasury prices dropped as investors poured money back into stocks. The yield on the 3-month Treasury bill — a safe investment to which investors have rushed this week — rose to 0.95 percent from 0.07 percent late Thursday. Yields move opposite from price. The yield on the benchmark 10-year Treasury note shot up to 3.81 percent from 3.53 percent late Thursday. The stock market's enormous swings during the week reveal how anxious investors have been about the tightness in the credit markets the possibility that other financial companies might succumb to the difficulties in the markets. Moves Thursday by the Fed and other major central banks to inject billion into global money markets perhaps helped forestall steeper selloffs but didn't diffuse the Sturm und Drang and overall loss of confidence hammering the markets as big financial companies including Lehman and AIG stumbled. The only lasting move in a week of intense volatility came late in Thursday's session when reports emerged that the government was considering a plan that would shift soured debt off financials' books. A wobbly market rocketed higher, giving the Dow a 410-point gain for the session. The dollar rose against most other major currencies in Friday trading, while gold prices jumped. Light, sweet crude rose $6.67 to settle at $104.55a barrel on the New York Mercantile Exchange. While stocks rose broadly, the financial sector was one of the strongest gainers. The two remaining independent investment banks logged big advances as fears dissipated that they would be felled by cash shortages and toxic debt. Goldman Sachs Group Inc., jumped $21.80, or 20 percent, to $129.80, while Morgan Stanley jumped $4.66, or 21 percent, to $27.21. Advancing issues outnumbered decliners by about 7 to 1 on the New York Stock Exchange, where volume came to a heavy 2.1 billion shares compared with 2.45 billion shares traded Thursday. The Russell 2000 index of smaller companies rose 30.06, or 4.15 percent, to 753.74. Overseas stock markets soared. Japan's Nikkei stock average jumped 3.8 percent, and Hong Kong's Hang Seng index surged 9.61 percent. In Europe, Britain's FTSE 100 jumped 8.84 percent, Germany's DAX index advanced 5.56 percent, and France's CAC-40 rose 9.27 percent. On the Net: New York Stock Exchange: http://www.nyse.com Nasdaq Stock Market: http://www.nasdaq.com

US-style financial socialism not an option for Europe LEIGH PHILLIPS
Today SEPT 19,08 @ 09:42 CET

The EU's economic and monetary affairs commissioner, Joaquin Almunia, has said Europe should not employ what he called financial socialism to solve the ongoing banking crisis by bailing out failing companies.Socialists like me, we are against financial socialism, he said, alluding to the multi-billion-dollar supports and nationalisations of recent weeks that Washington has engaged in to save a host of financial institutions it argues are too big to fail.Commissioner Almunia wants greater co-ordination amongst European financial supervisors (Photo: European Community)The commissioner - a member of Spain's centre-left Socialist Workers Party - speaking at a Madrid conference organised by Spanish bourse regulator CNMV, did nonetheless say such measures were warranted where the financial system as a whole was threatened, however.No one can say that there won't be anyone in Europe who will have to face a solvency problem that poses a systematic risk to the financial system, he said, according to Dow Jones Newswires.Despite his veiled criticism of how the Bush administration has responded to the crisis, he said Europe was prepared to step into markets if the situation ever deteriorated to such a level.

The economic authorities, financial authorities and central banks are prepared if that case were to occur in Europe, he said. I hope it won't happen in Europe, but no one can rule it out either.During a financial crisis, there are different types of support, with public funds, taxpayers, which are justified by the systemic risk, he added, reports Reuters.The commissioner said the current upheaval may continue for some time. We still have no idea how long this turbulence will last and when normality will return to the markets.He also said dealing with the crisis required greater co-ordination by European financial authorities.We need more coordinated action by supervisors than currently exists ... We must move forward faster, we cannot wait until a financial institution operating in seven or 10 countries of the European Union has problems such as those of Lehman Brothers or Bear Sterns.In separate news on Thursday, central banks worldwide pumped €126 billion into markets in an attempt to boost liquidity.The money was released by the US Federal Reserve to five other central banks who then made it available to financial institutions domestically.The European Central Bank is to make €39 billion available and the Bank of England €28 billion. The Swiss National Bank and the Bank of Canada also participated in the operation.

World markets soar on possible US rescue package By MATT MOORE, AP Business Writer SEPT 19,08

FRANKFURT, Germany - Global stock markets roared higher on Friday after news of a possible U.S. government plan to rescue banks from toxic mortgage debt raised a collective sense of hope amid the world's worst financial crisis in decades. Europe exchanges, which had spent nearly all of this week drowning in declines responded with ferocity to the possible plan, surging as battered bank stocks rebounding along with them.The news of a likely U.S. lifeline, along with new changes to short-selling in the U.S., Britain and Ireland, also helped push markets higher, analysts said.Early Friday, the U.S. Securities and Exchange Commission took the dramatic step of temporarily banning the routine practice of betting against company stocks, announcing the move on its Web site.The commission said it was acting in concert with Britain's Financial Services Authority in taking emergency action to prohibit short selling in financial companies to protect the integrity of the securities market and boost investor confidence.The short-term changes to short selling are certainly giving markets and regulators room to breathe, said Keith Bowman, equity analyst Hargreaves Lansdown Stockbrokers. But there are going to be a significant number of hurdles to overcome for this temporary measure to prove useful at solving the fundamental problems over the long term.Another factor were moves by the European Central Bank, Swiss National Bank and Bank of England to offer up more cash Friday. The three banks put a combined $90 billion into money markets in a lockstep move.London's FTSE jumped more than 7 percent, led higher by Lloyds TSB, which gained some 30 percent in trading only a day after sentiment about its financial strength hobbled its appeal.In Frankfurt, the DAX index sprung more than 4 percent higher with shares of Commerzbank AG and Deutsche Bank AG leaping 18.6 percent and nearly 16 percent, respectively.The Irish Stock Exchange responded with its biggest burst in Dublin trading history, rising more than 25 percent in the first hour. The financials-heavy index soon settled back on profit-taking, but remained up nearly 12 percent at 4,175 in midmorning trade.The most dramatic gains were scored by Anglo-Irish Bank, a niche lender that had been heavily targeted by short-sellers in recent weeks, knocking two-thirds off its market capitalization.Anglo-Irish stock value initially surged by an incredible 120 percent, then settled back, still up more than 35 percent. Allied Irish rose 19.7 percent, Bank of Ireland 28.3 percent, and Irish Life & Permanent 21.6 percent.

Irish regulators also banned short-selling on the stocks of the country's four largest financials: Allied Irish Banks, Bank of Ireland, Irish Life & Permanent and Anglo-Irish Bank Corp.Russia's leading stock exchanges suspended trading for a second time in several hours after stocks rose too sharply. Earlier Friday, trading was suspended on both the RTS and MICEX within an hour of opening, in line with exchange rules. They reopened after an hour only to close again.MICEX, where most share trading takes place, was up 25.4 percent since the start of Friday after two-day suspension. The RTS was up 20.2 percent. Both indexes were closed on Wednesday for two days after the MICEX suffered one-day losses on a scale not seen since Russia's 1998 financial collapse. It plunged 25 percent in just 2 1/2 days on the back of tumbling oil prices and Wall Street turmoil, and was down more than 55 percent since its May peak.Austria's ATX surged past 9 percent in early afternoon trade after opening about 8 percent higher earlier Friday. In Madrid, the SMSI was up nearly 6.2 percent while Swedish shares climbed 6.8 percent higher in Stockholm. In Belgium, shares gained 7.5 percent on the Euronext Bel-20.Across Asia, similar spikes were seen around the region. Hong Kong's Hang Seng Index surged a stunning 9.6 percent to 19,327.73, while Japan's Nikkei 225 average rose 3.8 percent to 11,920.86.In China, the Shanghai benchmark jumped 9.5 percent — its biggest gain ever — after the government eliminated a tax on share purchases and said it was buying shares in state-owned banks. The global turnaround came after investors took to heart word that the U.S. government was seeking the power to rescue banks by buying distressed assets at the heart of the financial system turmoil that's brought down Wall Street giants Lehman Brothers, Merrill Lynch and Bear Stearns. Details of the plan were still being worked out, but U.S. Treasury Secretary Henry Paulson emerged from a nighttime meeting on Capitol Hill Thursday to say he hoped to have a solution aimed right at the heart of this problem.It definitely gives investors a light at the end of the tunnel, said Daniel McCormack, a strategist for Macquarie Securities in Hong Kong. The solution is of such a magnitude that it could eventually fix the problems ... That's hugely important at the moment because that's what markets are focused on.Oil prices were above $100 a barrel Friday, with light, sweet crude for October delivery rose $2.16 to $100.04 a barrel in electronic trading on the New York Mercantile Exchange by noon in Europe. Overnight, the contract rose 72 cents to settle at $97.88. The euro fell to $1.4221 in European trading from the $$1.4247 it bought in New York late Thursday. The British pound drifted down to $1.8019 from $1.8076, while the dollar rose to 107.40 Japanese yen from 106.19 yen. AP Business Writers Emily Flynn Vencat in London, Jeremiah Marquez in Hong Kong and Elaine Kurtenbach in Shanghai, and AP Writers Shawn Pogatchnik in Dublin, Veronika Oleksyn in Vienna and Tomoko Hosaka in Tokyo contributed to this report.

Is the US economic crisis leading to a New Global Monetary Order?

National solutions have been enough to stem the financial-sector crisis so far, ECB Governing Council member Mario Draghi said in a Berlin speech Thursday, but they may not be enough if things get worse.Policies are taking a variety of shapes that can be grouped within two broad categories: emergency and structural responses, said Mr. Draghi, who also heads Italy’s central bank. Until now, the first remained typically national since each crisis was unique to the financial structure of the country and so were the remedies. However, if the crisis were to become systemic - and the past weekend has shown just how sudden and dramatic the turn of events can be — I believe that an internationally coordinated effort will be necessary.Mr. Draghi’s words have international heft, since he chairs the Financial Stability Forum — a group of global regulators and central bankers working on solutions for preventing the next blowup. He indicated the framework of the global financial system is undergoing a gut check: A resilient infrastructure is one that is capable of withstanding the effects of the failure of a large financial institution. As we speak, this objective is being tested by reality.Overall, he said, the global banking system has enough capital to meet its needs under reasonable scenarios.He offered no prediction about whether market conditions would continue to be reasonable but did say banks will need to raise at least once again the amount of capital raised since the crisis began. Mr. Draghi’s estimate of that amount, according to a person familiar with the matter, is $350 billion.

Israel opposition leader calls for snap elections
(AFP)18 September 2008

JERUSALEM - Israel's right-wing opposition leader Benjamin Netanyahu called on Thursday for snap parliamentary elections after Foreign Minister Tzipi Livni narrowly won the leadership of the main ruling Kadima party.The most democratic decision to take would be to call elections, Netanyahu told a news conference in Tel Aviv carried by public radio.We should allow the millions of Israeli citizens to choose who will lead them and not leave such a vital question in the hands of a few hundred Kadima supporters, he added.The hawkish former premier was alluding to the fact that Livni defeated her main challenger, Transport Minister Shaul Mofaz, by just 431 votes in the race to succeed outgoing Prime Minister Ehud Olmert as party leader.Olmert is stepping down to fight corruption allegations and is expected to announce his resignation at a cabinet meeting on Sunday.Livni will have 42 days from Olmert's resignation to win parliamentary approval for a new governing coalition if she is to avoid the prospect of early elections.Opinion polls suggest that Netanyahu's Likud is likely to emerge as the largest party if snap polls are held.

New parliamentary elections would not normally be due before late 2010.

Stop a Nuclear Iran PETITION

This petition will be delivered to the UN on behalf of Christians from over 100 countries. Show the United Nations that Christians from around the world are standing with Israel and against a modern-day Hitler! Sign the petition today!I hope you'll read the article & sign the petition.Implementation of the two-state solution would accomplish the same thing as a nuclear Iran! Buddy Macy - 973-785-0057

READ ARTICLE
http://www.israelnationalnews.com/News/News.aspx/127659

SIGN PETITION
http://www.icejusa.org/site/Survey?SURVEY_ID=1220&ACTION_REQUIRED=URI_ACTION_USER_REQUESTS

DISEASES

REVELATION 6:7-8
7 And when he had opened the fourth seal, I heard the voice of the fourth beast say, Come and see.
8 And I looked, and behold a pale horse:(CHLORES GREEN) and his name that sat on him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth, to kill with sword,(WEAPONS) and with hunger,(FAMINE) and with death,(INCURABLE DISEASES) and with the beasts of the earth.(ANIMAL TO HUMAN DISEASE).

N.L. company recalls 31 products that may be contaminated with Listeria bacteria By The Canadian Press

OTTAWA - The Canadian Food Inspection Agency is warning the public not to consume a range of 31 products manufactured by Newfoundland and Labrador-based Smith's Snack Service Ltd., because they may be contaminated with Listeria bacteria. In a news release, the agency says the company, based in Norman's Cove, is voluntarily recalling all Smith's Snacks brand products distributed in Newfoundland and Labrador with the UPC code 623858, regardless of their best before date. The products affected include meats, sandwiches, cakes and pies. The agency says it is monitoring the effectiveness of the recall and adds there have been no reported illnesses associated with the consumption of the products. Officials warn the consumption of food contaminated with this bacteria may cause listeriosis. A recent outbreak linked to the recall of food products from the Maple Leaf plant in Toronto has lead to the deaths of 17 people.

Distributors: China dairy ordered milk off shelves By TINI TRAN, Associated Press Writer SEPT 19,08

BEIJING - The company at the heart of China's tainted milk scandal ordered distributors to pull its products off store shelves in early July, weeks before the company went public with the problem, two distributors said Friday. The statements by the distributors in Hebei province, where Sanlu Group Co. is headquartered, raise further questions about when the company and government knew milk powder being feed to babies was tainted with a banned chemical.A New Zealand stakeholder in Sanlu has said it was told in earlier August, before the start of the Beijing Olympics, that there was a problem. The stakeholder told the New Zealand government, which informed Chinese officials.The public was not told until Sept. 11 that the powder, used in baby formula and other products, was laced with the industrial chemical melamine. The tainted milk is blamed for four infant deaths and illnesses in 6,200 others.

Melamine is a toxic industrial chemical that can cause kidney stones and lead to kidney failure.We were asked by Sanlu to take all their 2007 to July 2008 baby powder off the shelves in early July and replace it with new powder, said one of the distributors, Zhang Youqiang.Then things got weird. In early August, they came to us again and said all the new Sanlu baby milk powder we had just put on the shelves did not pass qualified aviation standards, said Zhang, who declined to give his company name for fear of offending Sanlu. Zhang said he was never told what qualified aviation standards meant.Zhang said he now has warehouses full of contaminated milk powder and is trying to get refunds from Sanlu.Another distributor, Liang Jianqiang, said he was also trying to get money from Sanlu, one of China's best-known and most respected brands. He also took Sanlu baby milk powder out of stores in July.

They told me there would be a new formula that's better quality. They did this again in August and September, he said. Liang also did not want to disclose the name of his company.Phone calls to Sanlu rang unanswered Friday and its Web site was not working. China's quality watchdog did not respond after asking to be sent a fax with questions.China's latest tainted product crisis widened Friday after tests found the industrial chemical melamine in liquid milk produced by three of the country's leading dairy companies, the quality watchdog said.The crisis roiling the nation's dairy industry was thought to have been initially confined to tainted milk powder.

But about 10 percent of liquid milk samples taken from Mengniu Dairy Group Co. and Yili Industrial Group Co. — China's two largest dairy producers — contained melamine, according to the General Administration of Quality Supervision, Inspection and Quarantine. Milk from Shanghai-based Bright Dairy also showed contamination.The agency severely punish those who are responsible, according to a notice posted on the agency's Web site. It said all the batches that tested positive were being recalled.Hong Kong's two biggest grocery chains, PARKnSHOP and Wellcome, pulled all liquid milk by Mengniu from shelves. A day earlier, Hong Kong had recalled milk, yogurt, ice cream and other products made by Yili Industrial Group Co.Starbucks Corp. said its 300 cafes in mainland China had pulled milk supplied by Mengniu. Starbucks said no employees or customers had fallen ill from the milk.The scandal began with complaints over milk powder by Sanlu but it quickly became a much larger problem as government tests found that one-fifth of the companies producing baby milk powder had melamine in their products. Though most of the dairy products involved are only sold domestically, two of the companies exported their products to five countries in Asia and Africa. On Friday, regulators for consumer product safety in the United States, European Union, and China met to announce a joint initiative that will allow for direct cooperation between the three parties on consumer safety issues. The situation underscores the need for these kinds of conversations, said Nancy Nord, acting chair of the U.S. Consumer Product Safety Commission. Thousands of parents brought their children to hospitals, worried about their safety. Some 1,300 babies, mostly newborns, remain hospitalized, with 158 suffering from acute kidney failure. Melamine has no nutritional value but is high in nitrogen, making products with it appear higher in protein. Suppliers trying to cut costs are believed to have added it to watered-down milk to cover up the resulting protein deficiency. The widening crisis has raised questions about the effectiveness of tighter controls China promised after a series of food safety scares in recent years over contaminated seafood, toothpaste and a pet food ingredient tainted with melamine. In 2004, more than 200 Chinese infants suffered malnutrition and at least 12 died after being fed phony formula that contained no nutrients. On the Net:
Sanlu Group: http://www.sanlu.com

LIKE THE BIBLE SAYS THE EU WILL BE A WORLD DICTATORSHIP, ITS CLAMPING DOWN ALREADY ON PEOPLE. IN THIS CASE I AGREE THOUGH.

Danes face jail for terrorism T-shirts
LISBETH KIRK Today SEPT 19,08 @ 09:19 CET

The Danish Eastern High Court convicted six people on Thursday (18 September) of selling T-shirts to finance Colombian and Palestinian organizations listed as terror organisations by the European Union.Five people with ties to the company Fighters + Lovers were sentenced to between 60 days and six months in jail after they admitted producing, selling and distributing the T-shirts.A sixth defendant was jailed for 60 days for allowing the company to use his server for its website while a seventh defendant was acquitted. He had put up posters on his hot-dog stand to promote the T-shirts.The court also ordered the company's stocks of T-shirts to be confiscated and their website to be seized.The company started selling the T-shirts in January 2006, to challenge Denmark's terror laws. The T-Shirts, caps and other promotion material were in support of the Revolutionary Armed Forces of Colombia (FARC) and the Popular Front for the Liberation of Palestine (PFLP).Both groups are considered terrorist organisations by the EU and the US.In December 2007, the Copenhagen City Court cleared the group of all charges, saying the activities of FARC and PFLP did not constitute terrorism under Danish law. But the High Court ruled otherwise.

We are very surprised with this ruling … It is a very provincial decision, defence lawyer Thorkild Hoeyer said. He called the ruling a totally insane verdict, which he is now going to appeal to the highest court - and, if not successful, to the Strasbourg-based European Court of Human Rights.Apparently T-shirts has become terrorism. The sentence demonstrates that the terror-legislation doesn't work, said Bobby Schultz, PR-responsible for Fighters+Lovers. Colombia's defence minister, Juan Manuel Santos, called the ruling an important message to any citizen of the world who collaborates with terrorism: They won't have a defence anywhere, he said, according to AP.The company had collected some €3,000, but police seized the money before it was transferred to the Colombian and Palestinian organisations.

Czech Republic seeks EU institute on totalitarianism
RENATA GOLDIROVA Today SEPT 19,08 @ 09:29 CET

EUOBSERVER / BRUSSELS - The Czech Republic, sitting at the EU's helm from January 2009, is to seek the establishment of a new European body that could serve as a research institute into totalitarianism and a museum of victims of totalitarian regimes. The institution could cover our totalitarian past from Portugal through Greece to the Baltic States, Pavel Zacek from the Prague-based Institute for Totalitarian Studies, said on Thursday (18 September).Stalin, along with Hitler, steered the course of 20th century European history (Photo: EUobserver.com)

Speaking at a public hearing on the issue in the European Parliament, Mr Zacek stressed the idea was to deal with all totalitarian regimes, not just Communism. Europe as a whole has not come to terms with its own past, he said. The goal to set up a pan-European body is part of the so-called Prague declaration on European conscience and Communism adopted by the Czech Senate in June 2008. The document suggests that both the Nazi and Communist totalitarian regimes should be considered the main disasters that blighted the 20th century, while the crimes committed in the name of Communism should be assessed as crimes against humanity.It is unlikely, however, that the institute will become a reality during the Czech six-month EU presidency, although Mr Zacek hopes that Poland and the Baltic States will push the idea further once they are chairing the 27-nation bloc.

Day of remembrance

In addition, Prague has suggested 23 August to become a day when Europe remembers the victims of Nazi and Communist totalitarian regimes - in the same way the continent honours the victims of the Holocaust on 27 January. A group of MEPs has prepared a declaration supporting the idea, with Bulgarian conservative Nickolay Mladenov telling the Czech news agency, CTK, that more than half of lawmakers have signed it. It will become an official document of the European Parliament next week, he said. The date has been chosen with a reference to 23 August 1939, when Germany under the leadership of Adolf Hitler and the Soviet Union of Joseph Stalin signed the non-aggression pact.The pact renounced warfare between the two countries and defined spheres of influence, with Finland, Estonia, Latvia, Lithuania, Poland, and Romania being directly affected by the deal.

OUT of ZION Ministries A Messianic Ministry Based on Mt Carmel Address: Apt # 2, 9Sachlav St, Ramat Almogi, Haifa 34792,ISRAEL. Tel: 972 4 8245590 Email: kiwi@netvision.net.il Website: www.out-of-zion.com Oversight Board : Pastor Mike Fryer, Sid Roth - Messianic Vision, Motte Sircus .The CARMEL ALERT Sept 19th 2008 A compilation of news reports from the past week for the information of those committed to praying for Israel and the salvation of the Jewish people. Guest Comment: A Remnant by Scott Baker.Revelation 12:11 And they overcame him by the blood of the Lamb, and by the word of their testimony; and they loved not their lives unto the death.

Hurricanes, financial collapses, partial Shariya law in Britain ( http://www.telegraph.co.uk/news/uknews/2957428/Sharia-law-courts-operating-in-Britain.html )? Now days, there is only one place to be: hidden in Messiah with God (Col.3:3).

Paul McCartney has just earned his title of Sir in many Israelis' opinions. Not that he is the perfect role model, but I believe Paul McCartney deserves some credit for not cowering and bowing down to the rabid Islamofascist spirit of our age. There was a recent article in Ynet news in Israel regarding Paul McCartney's coming to Israel, entitled: McCartney defies Muslim threats, show to go on - http://www.ynet.co.il/english/articles/0,7340,L-3596537,00.html

In the article, it states that Radical Islamist speaker Omar Bakri Muhammad (living in Lebanon), a Syrian born orator, defined by CNN News as a friend of al-Qaeda, was excommunicated from the UK and now operates out of Lebanon, where he broadcasts hate-filled Jewish sermons over the internet, and claims the next 9/11 will be in Britain.

In an interview with the British tabloid Sunday Express' Bakri said, If he values his life Mr. McCartney must not come to Israel. He will not be safe there. The sacrifice operatives will be waiting for him. The self-proclaimed preacher added that instead of supporting the people of Palestine in their suffering, McCartney is celebrating the atrocities of the occupiers. The one who is under occupation is supposed to be getting the help. He further went on to say, And so I believe for Paul McCartney, what he is doing really is creating more enemies than friends.

Listen to those peaceful veiled threats. Something sounds completely amiss in the logic of this argument: the atrocities of the occupiers...Who is threatening whom? It reminds me of the euphemism, when someone was being intimidated by a person with Mafia-like connections, he exclaimed, This is extortion!, and the Mafia-type guy calmly replied, Don't ever use the word extortion again...if you do, I'll have your legs broken.

I was watching a link someone sent me of the first few minutes of the City Council meeting of Colorado Springs. http://www.springsgov.com/instantitems/formal/ As many people know, this city is saturated by prayer, ministries, and believers. So much so, that it has effected the public government ministries and meetings. If you watch the first few minutes of this link, I think you will see what happens when a community (or nation) becomes saturated with prayer and the presence of God. What I saw gives me great hope for America and other nations, that there is still a believing remnant alive and well in the midst of a crooked and perverse generation. We don't need to give in to the evil and wickedness that is around us. But we are told in Phil. 2:15 - that we are to shine as lights in the world. We need to rise up as a voice and speak out against unjustness and oppression, and declare God's will on this earth, until He comes. Look at the righteousness that exists in South Korea...We declare in the name of Yeshua, that the walls of North Korea will come down, and the evil regime of Kim Jong-il is fading away, and millions of North Koreans will be discipled by South Koreans. (Isaiah 49:24, 25)

I know that many people are foaming at the mouth, and chomping on the bit to see judgment on America...sadly, many believers too. But I tell you this, that though America may slip, she will not fall headlong. What can be said at this time for Israel, can also be said for America (and many other nations as well): Even so then at this present time also there is a remnant according to the election of grace. (Romans 11:5)

When presidential candidate John McCain was asked snobbishly by interviewer Woodruff at the presidential forum at Columbia University (where Obama did not debate with him together, although McCain insisted they should), Do you think America is better than all of the other nations...John McCain said without a moment's hesitation, I don't think we are better, we are exceptional. He went on to say that he believes in the America that was founded by our founding fathers. With no disrespect to any other nation, and not trying to in any way denigrate any other country...But the thing that makes America exceptional is that wave after wave of people come to America for the same reason - they want to build a better life, they wanted freedom and they want to be part of America.

I agree that America has in no way been perfect, but has abused its power. But with that power is also great potential, more than any other nation at this present time. And when I see that amazing beginning to a Colorado Springs City Council Meeting in a major US city, (or any other nations and countries where prayer and intercession are rising 24/7) - and how the prayers and intercession of the righteous have made an impact, effecting even the world around - I am encouraged not to give in or give up hope as many have. But rather than growing weary with well-doing - let us gladly continue to pray and intercede, and endure to the end...declaring with many others, Yes Lord, when you return, YOU WILL find Faith here on this EARTH! YOU WILL FIND IT IN ME!

Both John McCain and Sarah Palin have taken the righteous stand against abortion, and they pledge they will not allow it on their watch. I believe that God is giving America a chance, and I pray that there are enough righteous Americans left who have not resigned to the evil of our day and age, who will make the right decision.

Proverbs 14:34 says, Righteousness exalteth a nation: but sin is a reproach to any people. - God we pray and ask your forgiveness for the wickedness that exists in this world, we ask for mercy rather than judgment, and for righteousness for the government of Israel, and America - that you God will be merciful in the choice of the next administration - not giving us what we deserve, but giving to us according to your mercy. (And pray for the government where you live.)...and for us, the remnant to live our lives hidden in you, in righteousness all over the world. In Yeshua's name...Amen!

Jeremiah 31: [7] For thus saith the LORD; Sing with gladness for Jacob, and shout among the chief of the nations: publish ye, praise ye, and say, O LORD, save thy people, the remnant of Israel. Plagued by the darkness that exists around us...many Jews are beginning to become introspective and look for answers to the evil that is around them: http://www.ynet.co.il/english/articles/0,7340,L-3596575,00.html Keep praying for the Jewish people, that they will recognize their Messiah Yeshua.

The Lord bless you as you bless Israel by standing in defense of her right to exist on the land given to the Jewish people by the God of Israel Lets pray that Israel will turn back to their God. Do not be silent, but share this with your fellow Christians, share it with your pastors, and with anyone you have a chance to speak to. Lets also pray for that breakthrough to the Muslims, and please remember to pray for our son Jordan, and all of his fellow soldiers in the IDF.

Shabbat Shalom ............. David & Josie

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 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 have consulted together with one consent: they are confederate against thee:(TREATIES)
6 The tabernacles of Edom,and the Ishmaelites;(ARABS) of Moab, and the Hagarenes;
7 Gebal, and Ammon,(JORDAN) and Amalek;(SYRIA) the Philistines (PALESTINIANS) with the inhabitants of Tyre;(LEBANON)

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.

Medvedev: Russia won't be pushed into isolation
By VLADIMIR ISACHENKOV – SEPT 19,08

MOSCOW (AP) — President Dmitry Medvedev said Friday that Russia would not yield to Western pressure or be pushed into isolation over the war in Georgia.Medvedev's comments appeared to be a response to U.S. Secretary of State Condoleezza Rice, who warned Russia on Thursday that its policies have put it on a path to isolation and irrelevance.Medvedev dismissed a claim that Russia was sliding back to authoritarianism.They are, in fact, pushing us onto the development track that is based not on normal and civilized cooperation with other countries, but on autonomous development behind thick walls and an iron curtain, Medvedev said at a meeting with non-governmental organizations. This is not our track, and it makes no sense to return to the past.In addition, he vowed that Russia would set its own course.No new outside factors, let alone outside pressure on Russia, will change our strategic course, Medvedev said.We will continuously strengthen our national security, modernize the military and increase our defense capability to a sufficient level, he said. And we will determine what level is sufficient proceeding from the current situation; it can't be measured once and for all.Medvedev reaffirmed his push for a new pan-European security pact, saying NATO alone can't ensure security on the continent.It only has provoked the conflict, he said, in a reference to the war in Georgia.Medvedev and other Russian officials have previously claimed that the United States and some other NATO nations, by helping modernize the Georgian military, encouraged Georgia to launch military action to regain control over the breakaway province of South Ossetia.Russia responded by sending in troops who quickly repelled the Aug. 7 Georgian attack on South Ossetia and pushed deep into Georgian territory.As Medvedev spoke, the Russian Parliament gave tentative approval to next year's budget, including a 25-percent increase in defense spending.Without mentioning Rice, Medvedev derided her pledge Thursday to continue sponsoring Russian students, teachers, judges, journalists and others who want to visit America.

I opened the Web this morning and saw our American friends saying they will keep providing assistance to Russian teachers, doctors, scientists, labor leaders and judges, he said. The last point was really outstanding. What does it mean? Are they going to feed our judges? Will they support corruption? If it goes on like that, they will start selecting presidents here.Medvedev's remarks reflected a growing strain in Russia's relations with the United States which dipped to the lowest point since the Cold War after the war in Georgia.On a more conciliatory note, Medvedev added that Russia wants a full-fledged dialogue with the West. We aren't trying to teach anyone, we want our views to be heard, he said.

North Korea preparing to restart nuclear facility By HYUNG-JIN KIM, Associated Press Writer SEPT 19,08

PANMUNJOM, Korea - North Korea said Friday it was preparing to restart its nuclear reactor, accusing the United States of failing to fulfill its obligations under an international disarmament-for-aid agreement. It was the first time the North has confirmed it has begun reversing what it has done so far to roll back its nuclear program, though it has warned it would do so in anger over Washington's failure to remove it from the U.S. terrorism blacklist.We are making thorough preparations for restoration of the Yongbyon nuclear complex, the deputy director-general of North Korea's Ministry of Foreign Affairs, Hyun Hak Bong, told reporters. He did not say when Yongbyon might begin operating again.Hyun spoke to reporters in the border village of Panmunjom before sitting down for talks Friday with South Korean officials on sending energy aid to the North as part of the six-nation disarmament deal.Under the landmark 2007 pact — involving the two Koreas, the U.S., China, Russia and Japan — North Korea pledged to disable its nuclear program in a step toward its eventual dismantlement in exchange for diplomatic concessions and energy aid equivalent to 1 million tons of oil.North Korea began disabling the Yongbyon complex last year, and the process was 90 percent complete, with eight of 11 key steps carried out perfectly and flawlessly, Hyun said.Major progress was made in the agreement in late June when North Korea submitted a long-delayed declaration of its nuclear activities and destroyed the cooling tower at Yongbyon in a show of its commitment to denuclearization.But the accord ran aground in mid-August when Washington refused to take North Korea off its list of states that sponsor terrorism until the North accepts a plan to verify its nuclear declaration.

North Korea responded by halting the disabling process and is now proceeding with work to restore (Yongbyon) to its original status, Hyun told reporters.South Korean and U.S. officials have said it would take at least a year for North Korea to restart the reactor if it is completely disabled.Hyun warned Washington not to press the verification issue, saying verification was never part of the deal.The U.S. is insisting that we accept unilateral demands that had not been agreed upon, he said. Hyun said forcing North Korea to comply with such an inspection would exacerbate tensions.The White House had no immediate reaction early Friday.The six-nation talks last convened in July, and a new round has not been scheduled because of the current standoff between the U.S. and North Korea.However, the talks Friday between the two Koreas — which were proposed by the North — indicate it does not want to completely scuttle the six-party negotiations, analysts said.The North is sending a message that it wants to maintain the six-party talks, said Koh Yu-hwan, a North Korea expert at Seoul's Dongguk University. The North also wants to get the remaining energy aid with winter drawing closer.Seoul's delegate, Hwang Joon-kook, assured North Korea that it would receive the remaining energy aid it was promised.South Korea's foreign minister said North Korea's intentions remained unclear. It's still uncertain whether the North's measures are aimed at reversing the whole situation to the pre-disablement level or are a negotiating tactic, Yu Myung-hwan told reporters.

The tensions come amid reports that North Korean leader Kim Jong Il has suffered a stroke. Kim, 66, has not been seen in public for more than a month and has missed two major public events: a military parade marking North Korea's 60th birthday and the Korean Thanksgiving holiday. Associated Press writer Jae-soon Chang in Seoul contributed to this report.

Iran gives full powers to hard-line guards in Persian Gulf
Posted SEPT 16,08

TEHRAN, Iran (AP) — Iran announced Tuesday that it has put the elite Revolutionary Guards in charge of defending the country's territorial Persian Gulf waters in what appeared to be a hardening of its stance in the vital oil route.U.S. commanders in the Gulf have in the past said they find Guards ships more confrontational than the regular Iranian navy, which until the new order was responsible for Iranian defenses in the Gulf.Iran has warned repeatedly that it will close the narrow Hormuz Strait at the mouth of the Gulf if the United States or Israel attacks it amid tensions over Iran's nuclear program. Around 40% of the world's oil passes through Hormuz. Last winter, Iranian and U.S. ships patrolling the Gulf had a series of small confrontations in Hormuz that the Americans blamed on provocations by Guards ships.

Gen. Yahya Rahim Safavi, the top military adviser of Iran's supreme leader Ayatollah Ali Khamenei, announced the change on the state news agency IRNA. He said responsibility to defend the Persian Gulf has been delegated to the Guards' navy, while the regular navy would operate in the Oman Sea, outside the Gulf and in the landlocked Caspian Sea.Safavi, who was the head of the Guards until earlier this year, added a warning that all vessels in the Gulf are within the range of Iranian missiles.The Guards' missiles are able to cover the whole width of the Persian Gulf. No warship can pass through the waterway without being in our range, he said. Our armed forces, possessed with defensive weapons including missiles, air, sea and torpedoes, are able to control the strait of Hormuz.A spokesman for the U.S. Navy in Bahrain said the announcement will not significantly affect the 5th Fleet's patrols of the Persian Gulf, including the strategic waterway. Navy Lt. Nathan Christensen said their task is to keep the Strait of Hormuz open to ensure free flow of trade and commerce in and out of the region.We are not interested in a confrontation in the Gulf, said Christensen, speaking from the 5th Fleet's Mideast headquarters in Bahrain's capital, Manama. He added that the Navy expects responsible and professional maritime behavior of all vessels in the Gulf, including those of the Iranian Guards.The U.S. Navy normally keeps some three dozen warships and auxiliary vessels in the area. It currently has one aircraft carrier operating in the Gulf.

Safavi, the Guards' former chief, also repeated warnings that Tehran would retaliate against U.S. bases in the Gulf if Israel launches a strike against Iran.If Israel attacks, U.S. forces in the region will be put in serious danger. Definitely, the Americans don't want to get involved in a fourth front after conflicts in Afghanistan, Iraq and Georgia, he said.Israel, which is believed to possess a nuclear arsenal, has warned it would attack Iran to prevent the Persian state from acquiring nuclear weapons. The U.S. says it seeking a diplomatic solution, but has not ruled out military action. Iran denies it intends to develop nuclear weapons.The Guards corps, which has land, navy and air components, is considered better equipped than the normal military and more ideologically fervent in the task of protecting Iran's Islamic government, dominated by hard-line clerics.The Guards' vessels stepped up patrols in Hormuz last year during a period when the U.S. had increased its naval strength in the Gulf, making a show of strength over Iran's defiance of U.N. resolutions on its nuclear program. The Guards say their navy vessels ask ships to identify themselves before entering the Gulf.Despite last year's frictions, U.S. Navy and Iranian officials say their vessels are in frequent radio contact to avoid incidents in the waters of the narrow, heavily trafficked Gulf.

Russia defence spending to grow 27 percent in '09: Putin Tue Sep 16, 9:38 AM ET

MOSCOW (Reuters) - Russia's defence spending will grow by 27 percent in 2009, Interfax news agency quoted Prime Minister Vladimir Putin as saying on Tuesday.

Nearly 2.4 trillion roubles ($94.12 billion) will be allocated for the needs of national defence and security (in 2009), Interfax quoted Putin as saying.This is an increase of 27 percent.In a brief war last month, Russia crushed an attempt by pro-Western neighbor Georgia to retake South Ossetia, a breakaway region closely tied to Moscow.President Dmitry Medvedev and Putin have said the military operation, condemned by the West as disproportionate, has shown the armed forces needed a major modernization of their weapons and hardware.Putin made his announcement on the day when Russian stocks plunged more than 10 percent to two-year lows, driven by turmoil on international markets and domestic concerns including the war in Georgia.(Writing by Oleg Shchedrov; Editing by Christian Lowe)

Palestinian Authority receives $10 million grant from Russia
17:10 | 18/ 09/ 2008

MOSCOW, September 18 (RIA Novosti) - The Palestinian Authority has received $10 million in aid from Russia for health and education in the West Bank and the Gaza Strip, the Russian Foreign Ministry said Thursday.Under the current circumstances of socio-economic and humanitarian crisis in the Palestinian territories, the government of the Russian Federation has decided to provide urgent and gratis aid to the Palestinian Authority in the sum of $10 million, a statement from the ministry said.The ministry said that the allocated sum had been transferred into the accounts of the Palestinian Authority Finance Ministry.The Gaza Strip has been controlled by the radical Islamic group Hamas since June 2007.Last month Russia sent humanitarian aid including food and medicines to the Palestinian territories.

Syria signs contract for oil refinery with Iran, Venezuela, Malaysia

DAMACUS, Sept 17 (KUNA) -- Syria has signed a contract with Iran, Venezuela and Malaysia for an oil refinery with a productive capacity of 140,000 barrels per day, according to a statement by its Ministry of Oil on Wednesday. Venezuelan state oil firm PDVSA and the Malaysia Oil company all signed the contract.The refinery will be built in Furoqlos, near the northern city of Homs, some 160 kilometres north of the Syrian capital, Damascus.Under the agreement, Venezuela will get 33 percent of the revenues, while Iran and Malaysia will each receive 26 percent, with Syria getting the remaining 15 percent in accord with each side's funding of the refinery.This is the third refinery, the Syrian Oil Ministry has decided to construct, after signing agreements for other refineries with Kuwaiti company Noor Petroleum and a Chinese company.

WW3 THE 3 WAVES THAT MARCH TO ISRAEL

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

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

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

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

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

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

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

WARS AND RUMURS OF WARS.

MATTHEW 24:6
6 And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet.

MARK 13:7
7 And when ye shall hear of wars and rumours of wars, be ye not troubled: for such things must needs be; but the end shall not be yet.

China's military ambition fuels Asian arms race

China's growing military ambition, matched only by its growing military spending, is fuelling a rapid Asian arms race. Beijing deploys the world's biggest army, its defense spending is rising faster than any other power and, to cap it all, its forces will this month carry out their first spacewalk. With India, Japan and Russia also investing heavily in defense, a new Asian arms race is under way. According to official figures, Beijing's military budget this year is 418 billion yuan - £35 billion - a rise of 17.8 per cent on 2007. This already exceeds Britain's defense budget of £34 billion and places China's military spending second only to the US.

According to figures from Jane's, the military specialists, it has risen by 178 per cent in the past seven years, even after adjusting for inflation. At this rate, China will spend £180 billion - half of the Pentagon's current budget and five times Britain's - by 2020. But the greatest change is not in how much China is spending, but where the investment is going. Under Chairman Mao, China regarded the army as a massed revolutionary block whose sheer scale would simply absorb any threat, foreign or domestic. Only since the first Gulf War in 1991 has China started focusing on the new generation of military hardware it may face in the event of war. Beijing's military planners know they cannot rely on China's size alone as a deterrent. The result has been a three-pronged strategy. China is upgrading technology while downsizing the army. The first prong is to increase the number of short- and medium-range missiles it has aimed at Taiwan, the future of which is China's number one military priority. The second is to build a navy capable of projecting power into the Pacific and beyond, both to deter US intervention on Taiwan's side and to guard vital shipping lanes in the Indian Ocean. But this will not be a classic blue water navy with a global reach - China still has no aircraft carriers.

The third prong is the outermost line of defense: a space and anti-satellite program that may one day be strong enough to threaten US weapons and guidance systems. This is asymmetric warfare at its most dramatic. China's submarine building program is at last starting to show success after years in which it relied on Russian imports. Beijing is presently building two submarines capable of launching nuclear missiles and another boat designed for attack missions. Once these reach completion, China's navy will have five ballistic missile submarines - compared with Britain's four - and seven other nuclear submarines. Projecting power across thousands of miles of ocean is the only purpose for a fleet of this kind. This helps explain why India is building a nuclear submarine of its own and leasing another from Russia. India's navy presently enjoys a slender advantage over China in that it possesses one aircraft carrier and is acquiring another two. In practice, however, China's superior submarine fleet probably negates this gain. In the past, China's alliance with Pakistan worried India most. There are historical tensions too - China and India fought a bloody border war in 1962 over disputed territory in the Himalayas.

But of greatest importance is a long-term rivalry for pre-eminence in Asia between the world's most populous nation and its biggest democracy. On the other hand, some observers say both countries are too busy with other threats to be too concerned with each other. A study by Jane's Industrial Quarterly concluded that that helping their industrial base was a major reason for the military build-up by both India and China. Their shared aim is to replace Russian military imports and boost their own exports, while gaining knock-on benefits for civilian industry. To the extent there is an armed race between the two powers, it may be a means of giving weight to their rising international status. There is a feeling that China needs to have a modern military to be able to have a seat at the top table internationally, said Matthew Smith, a Jane's military economist.

SHORT BAN HIGHLIGHTS

SHORT BAN HIGHLIGHTS

-Effective immediately,ends Oct 2,08.

-Extendable by 30 days if deemed necessary.

-Includes National Banks,Investment Banks,Regional Banks,Insurance Companies.

-799 Financial Companies.

-Requires Institutional money mangers to report new short sales of certain Public-traded Securites.

-Eases restrictions on security buy-backs.

THE UNSHORTABLES

Citi
Deutsche Bank
Wachovia
Morgan Stanley
Barclays PLC
SunTrust
Washington Mutual
Bank of America
State Street
Goldman Sachs
Mitsubishi
Merrill Lynch
Wells Fargo
U.B.S

SEC bans short-selling of 799 financial stocks By MARCY GORDON, AP Business Writer SEPT 19,08

WASHINGTON - Federal securities regulators, in an effort to boost investor confidence in the face of a market crisis, took the dramatic step Friday of temporarily banning the trading practice of betting against financial stocks. The move, announced on the Securities and Exchange Commission's Web site, will temporarily ban what is called short selling of nearly 800 financial stocks.Short selling is a legitimate method of trading, but has been blamed for widening the scope of the recent financial crisis and contributing to the collapse of values of investment and commercial bank stocks in particular.The turmoil has swallowed some of the most storied names on Wall Street. Three of its five major investment banks — Bear Stearns, Lehman Brothers and Merrill Lynch — have either gone out of business or been driven into the arms of another bank.Short selling involves betting against company stocks by borrowing its shares, selling them, and pocketing the difference when they fall.In its announcement, the commission said it was acting in concert with the U.K. Financial Services Authority in taking emergency action which announced a similar ban there on Thursday.The SEC said it hoped its move would protect the integrity of the securities market and boost investor confidence.

The commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets, SEC chairman Christopher Cox said in a statement. The emergency order temporarily banning short-selling of financial stocks will restore equilibrium to markets.The move, he said, would not be necessary in a well-functioning market and is only a temporary step that is part of the actions being taken by the Federal Reserve, the Treasury and Congress.Short-selling can contribute to efficiency while adding liquidity to the markets. But a recent wave of the maneuvers — profiting by selling unowned shares of companies in the anticipation their prices will drop — has been blamed in part for the demise of venerable investment firm Lehman Brothers and other big financial companies.Some British politicians also claim that short-selling attacks were partly responsible for HBOS PLC's abrupt takeover by banking rival Lloyds TSB PLC on Thursday amid a sharply falling share price. Market regulators in Britain, citing current extreme circumstances, announced a temporary ban on short-selling Thursday.Cox held a closed-door meeting with members of Congress Thursday night, Treasury Secretary Paulson and Federal Reserve Chairman Ben Bernanke. The SEC said its action calls a time-out to aggressive unbridled short-selling in financial stocks and said it would consider measures to address short-selling in other publicly traded companies.The California Public Employees' Retirement System, the nation's largest pension fund, is no longer lending out shares of Goldman Sachs Group Inc. and Morgan Stanley, joining a growing number of public pension funds that are attempting to curb short-selling of two investment banks' stocks.On Wednesday, New York Sens. Charles Schumer and Hillary Clinton, both Democrats, had appealed to the SEC for a temporary short-selling ban, saying the watchdog agency has the power to take a temporary but important step to help restore a measure of stability to our financial markets.

The SEC on Wednesday had adopted rules it said would provide permanent protections against abusive instances of naked short-selling, where sellers don't even borrow the shares before selling them, and then look to cover positions immediately after the sale. Those new rules took effect Thursday, restricting but not banning short-selling by, for example, shortening the required time for short sellers to deliver the stocks underlying the sale transactions.But some critics assailed those new measures as inadequate to stem the tide of short-selling, and asked for a prohibition on all naked short-selling similar to the SEC's 30-day emergency ban this summer covering the stocks of mortgage finance giants Fannie Mae and Freddie Mac and 17 large investment banks.New York Attorney General Andrew Cuomo said his office is launching an investigation into whether some short sellers engaged in conspiracy or spread rumors and negative information to drive down the share prices of Lehman, American International Group Inc., Goldman Sachs, Morgan Stanley and other firms.Some investors contend that naked short-selling, if left unchecked, would have given hedge funds and other aggressive short sellers an unfair advantage to attack other victims after Lehman Brothers Holdings Inc., which made the biggest bankruptcy filing in U.S. history on Monday. Merrill Lynch & Co. — being bought by Bank of America Corp. in a $50 billion shotgun deal — or giant insurer AIG, rescued with an $85 billion cash injection from the Federal Reserve, were said to be among the likely targets. Shares of regional banks and investment firms nationwide continued to be targeted by aggressive short sellers after the SEC's emergency ban took effect in mid-July, according to banking industry representatives. Associated Press writer Andrew Taylor contributed to this report.

Congress promises quick action on bailout package By JEANNINE AVERSA and JULIE HIRSCHFELD DAVIS, Associated Press Writers SEPT 19,08

WASHINGTON - Congress promised quick action on a plan to buy up toxic assets, such as bad mortgages, held by troubled banks and other institutions, hoping to lift the nation out of its worst financial crisis in decades. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are crafting a plan, which they plan to soon deliver to lawmakers, after concluding they need broader powers to combat fallout from a housing and credit market meltdown that has sent shock waves through Wall Street and around the globe. Congressional leaders said they expected to get the plan Friday and act on it before Congress recesses for the election.We hope to move very quickly. Time is of the essence, House Speaker Nancy Pelosi, D-Calif., said after Paulson and Bernanke briefed congressional leaders Thursday night.

Stocks on Wall Street shot up more than 400 points late Thursday on word that a plan was in the works. Fallout from the housing and credit debacles have badly bruised the economy and pushed unemployment to a five-year high.I don't say any prudent money manager would say we're out of the woods, but right in this moment it all seems positive and leading toward an upward move for the market going into Friday session, said Scott Fullman, director of derivative investment strategy for New York-based institutional broker WJB Capital Group.Fullman said the biggest bonus of any potential government plan is that it is being put together to help the banking industry as a whole. Until now, the Treasury and Fed have selectively bailed out institutions that were the most vulnerable.This staves off Judgment Day, said Anthony Sabino, professor of law and business at St. John's University. This is a detox for banks, and will help cleanse themselves of the bad mortgage securities, loans and everything else that has hurt them.The roots of the current crisis can be traced to lax lending for home mortgages — especially subprime loans given to borrowers with tarnished credit — during the housing boom. Lenders and borrowers were counting on home prices to keep zooming upward. But when the housing market went bust, home prices plummeted. Foreclosures spiked as people were left owing more on their mortgage than their home was worth. Rising mortgage rates also clobbered some homeowners.As financial companies racked up multibillion-dollar losses on soured mortgage investments, and credit problems spread globally, firms hoarded cash and clamped down on lending. That crimped consumer and business spending, dragging down the national economy — a vicious cycle policymakers have been trying to break.

The root cause of the stress in the capital markets is the real estate correction, Paulson said, adding he hopes to have a solution aimed right at the heart of this problem.Bernanke said a resolution would help get our economy moving again.Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, discounted the idea of setting up a new agency — similar to the Resolution Trust Corp. — established in 1989 to help resolve a savings and loan crisis at a cost to taxpayers of $125 billion.It will be the power — it may not be a new entity. It will be the power to buy up illiquid assets, Frank said. There is this concern that if you had to wait to set up an entity, it could take too long.The federal government already has pledged more than $600 billion in the past year to bail out, or help bail out, some of the biggest names in American finance. There was no immediate word on how much the new rescue plan might cost.Paulson, Fed Chairman Ben Bernanke and other officials planned to work through the weekend on a solution.Christopher Cox, chairman of the Securities and Exchange Commission, told lawmakers the SEC may put in a temporary emergency ban on all short-selling, not just the aggressive forms it already has targeted, according to a person familiar with the matter, speaking on condition of anonymity because no final decision had been made.The ban might apply to stocks of selected financial companies, to all financial companies or even possibly to all public companies. Short-selling, which has been practiced on Wall Street for decades, is not illegal per se.For more than a year, investors around the world have watched with growing alarm as the U.S. economy, the world's largest, has struggled to right itself amid massive home foreclosures, many of them from mortgages issued to homeowners with bad credit. The turmoil has swallowed some of the most storied names on Wall Street. Three of its five major investment banks — Bear Stearns, Lehman Brothers and Merrill Lynch — have either gone out of business or been driven into the arms of another bank. Associated Press writers Andrew Taylor and Marcy Gordon in Washington and Joe Bel Bruno in New York contributed to this report.