GREECE UNDER ECB-IMF FULL DICTATORSHIP

Farage: Greece Under Full ECB-IMF Globalist Dictatorship-EU heads call for more European federalism Steve Watson Infowars.com Sept 14, 2011

In typical firebrand fashion, European MEP Nigel Farage unleashed a barrage of home truths during a speech in the European Parliament today, including the assertion that Greece is now under full control of a joint European Central Bank and International Monetary Fund dictatorship.Farage was responding to a speech by Jose Manuel Barroso, the president of the European Commission, during which he called for further European integration to avert the worsening economic crisis.Barroso asserted that the economic crisis has turned into a fight for European integration, insisting that the solution to the growing threat to the european single currency is a more, and not less, integrated European Union.During the speech in Strasbourg, Barroso claimed that he is getting signals from EU leaders that they wish to push for a more integrated Europe in response to the crisis.What we need now is a new, unifying impulse, a new federalist moment – let’s not be afraid to use the word. Barroso said, adding The right way to stop the negative cycle and strengthen the euro is to deepen integration, mainly in the euro area. This is the way to go.This is a fight for the jobs and prosperity of families in all our member states. This is a fight for the economic and political future of Europe. This is a fight for what Europe represents in the world. This is a fight for European integration itself.” Barroso stated.

Barroso suggested that more central European governance was needed in order to fully implement rules governing the running of the euro area.… if a eurosceptic fringe can determine the position of one member state and one member state can block decisions, the result is that we are not credible. Barroso said.The EC president attempted to dismiss the idea that such a move would threaten the national sovereignty of member states by adding This is not about institutional positioning or power. It is about efficiency and delivery.Economic and monetary union cannot function properly only on the basis of decisions taken by unanimity. Barroso said, suggesting that the Commission and the EU should have authority over the governments of member states to enforce rules via the EU Community method.A system based purely on intergovernmental cooperation has not worked in the past and will not work in the future. After all, this is why the Community method and the EU institutions were created by the member states in the first place. Barroso argued.In response, Farage, leader of the UK Independence Party, argued that the so called Troika group, made up of officials from the Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF), are nothing more than part-time overseas dictators issuing orders to the Greek government.Farage addressed Barroso directly, stating I don’t think even you believe in what you are saying, because we all know that Greece is going to default.

You can’t say you weren’t warned: you were all told that Greece should never have joined the euro. Farage added, noting that five years ago he had personally been treated with such utter derision for warning about Greek bond spreads, as if he had been let out of the local lunatic asylum.Now you’ve got European economic governance and what is it? Farage said.A troika of officials from the Commission, the ECB and the appalling IMF step off a plane and they go in and meet the Greek government and they tell the Greek government what they may or may not do.You have KILLED democracy in Greece. Farage urged.You have three part-time overseas dictators now tell the Greek people what they can and cannot do. It is totally unacceptable. he added.Is it any wonder the Greek people are now burning EU flags and drawing swastikas across them? Unless Greece is allowed to get out of this economic and political prison, you may well spark a revolution in that country.Farage noted.watch the full speech below, along with the key parts of Barroso’s original speech to the Parliament:
http://www.youtube.com/watch?v=pry5iL4TIa8&feature=player_embedded
http://www.youtube.com/watch?v=D6cULeH3XW8&feature=player_embedded

Larry Summers Pushes Public-Private Infrastructure Bank Scheme Kurt Nimmo Infowars.com September 14, 2011

The former director of the White House National Economic Council, Larry Summers, is pushing Obama’s proposed national infrastructure bank.The president’s proposals to create an infrastructure bank, to spend quickly on surface transportation, and to renovate schools are a very good start, Summers writes for The Daily Beast.But America must demand more. For years we will have an economy with plenty of slack, low borrowing costs, and high unemployment. The specter of a double dip will hover over us if government does not do its part in pushing the economy forward – not just this year, but for years to come. Now is the time not just to do shovel-ready projects, but to envision the backbone we want the American economy to have in 2020 and launch the multiyear plan we need to get there.Summers believes more spending and public debt will fix an economy destroyed by his bankster buddies on Wall Street. In order to get there, he has proposed taking money out of the private sector and spending it on politically expedient projects.The so-called infrastructure bank proposed by Obama is another public-private boondoggle. Public-private partnerships are essentially fascist, as Mussolini knew (he called it corporatism). According to fascist economics, profit should be private and losses public.Historian Gaetano Salvemini argued in 1936 that fascism makes taxpayers responsible to private enterprise because the State pays for the blunders of private enterprise… Profit is private and individual. Loss is public and social.Fox News admits this. According to the jobs legislation the White House released Monday, the bank would guarantee infrastructure project loans, putting taxpayers on the hook for losses.Obama’s people claim taxpayer subsidies would be conservatively estimated and structured,a claim government invariably makes when it prepares to steal more money at gunpoint or heap even more debt on citizen-suckers and their grand children.In order to get a better idea of how Obama’s corporatist scheme will end up, consider housing insurance giants Fannie Mae and Freddie Mac. Both required massive bail-outs of around $150 billion. House Republican Leader Eric Cantor (R-VA) called Obama’s shovel-ready scheme a Fannie and Freddie for roads and bridges.

Larry Summers is not merely a clueless Keynesian who believes the government will cure all of our economic problems. He is a cynical bankster operative who worked closely with Citigroup to establish the new economy that is now destroying the United States. He worked with the Clinton administration and then Federal Reserve boss Alan Greenspan in 1999 to repeal the Glass-Steagall Act of 1933 that placed a firewall between commercial and speculative banking.Destroying Glass-Steagall set the stage for the banksters to leverage debt upon debt until the house of cards collapsed,notes Reagan era economist Paul Craig Roberts.Larry Summers was instrumental in the bankster plan to take down America. Now he is shilling fascist economics and calling for even more debt.

POISONED WATERS

REVELATION 8:8-11
8 And the second angel sounded, and as it were a great mountain burning with fire was cast into the sea: and the third part of the sea became blood;
9 And the third part of the creatures which were in the sea, and had life, died; and the third part of the ships were destroyed.
10 And the third angel sounded, and there fell a great star from heaven, burning as it were a lamp, and it fell upon the third part of the rivers, and upon the fountains of waters;
11 And the name of the star is called Wormwood:(bitter,Poisoned) and the third part of the waters became wormwood; and many men died of the waters, because they were made bitter.(poisoned)

REVELATION 16:3-7
3 And the second angel poured out his vial upon the sea; and it became as the blood of a dead man: and every living soul died in the sea.(enviromentalists won't like this result)
4 And the third angel poured out his vial upon the rivers and fountains of waters; and they became blood.
5 And I heard the angel of the waters say, Thou art righteous, O Lord, which art, and wast, and shalt be, because thou hast judged thus.
6 For they(False World Church and Dictator) have shed the blood of saints and prophets, and thou hast given them blood to drink; for they are worthy.

Massive New Radioactivity Possible from Fukushima, Especially If Melted Core Materials Hit Water Washingtons Blog Wednesday, September 14, 2011 Governments Underreported Severity of Fukushima

As I’ve noted for 6 months, the Japanese and U.S. governments have continually under-reported the severity of the nuclear crisis at Fukushima.The Wall Street Journal points out:The Japanese government initially underestimated radiation releases from the Fukushima Daiichi nuclear plant, in part because of untimely rain, and so exposed people unnecessarily, a report released this week by a government research institute says.PhysOrg writes:The amount of radiation released during the Fukushima nuclear disaster was so great that the level of atmospheric radioactive aerosols in Washington state was 10,000 to 100,000 times greater than normal levels in the week following the March 11 earthquake and tsunami that triggered the disaster.

[A] study [by University of Texas engineering professor Steven Biegalski and researchers at the Pacific Northwest National Laboratory] reports that more radioxenon was released from the Fukushima facilities than in the 1979 meltdown at the Three Mile Island Nuclear Generating Station in Pennsylvania and in the 1986 Chernobyl nuclear disaster in the Ukraine.Biegalski said the reason for the large release in Fukushima, when compared to the others, is that there were three nuclear reactors at the Japan facilities rather than just one.Nuclear expert Arnie Gundersen notes:New TEPCO data measured on August 19 & 20 shows severe damage to the spent fuel in Fukushima Daiichi Units 1, 2, and 3…. This TEPCO data clearly contradicts and refutes the July assertion by the NRC the Fukushima Daiichi spent fuel pools were not damaged in this tragic accident.There are also several unconfirmed reports that the Japanese government is trying to keep people from buying geiger counters to measure radiation.

New, Large Radiation Releases Are Possible

Mainichi Dailly News notes:As a radiation meteorology and nuclear safety expert at Kyoto University’s Research Reactor Institute, Hiroaki Koide [says]:The nuclear disaster is ongoing.At present, I believe that there is a possibility that massive amounts of radioactive materials will be released into the environment again.At the No. 1 reactor, there’s a chance that melted fuel has burned through the bottom of the pressure vessel, the containment vessel and the floor of the reactor building, and has sunk into the ground. From there, radioactive materials may be seeping into the ocean and groundwater.The government and plant operator TEPCO are trumpeting the operation of the circulation cooling system, as if it marks a successful resolution to the disaster. However, radiation continues to leak from the reactors. The longer the circulation cooling system keeps running, the more radioactive waste it will accumulate. It isn’t really leading us in the direction we need to go.It’s doubtful that there’s even a need to keep pouring water into the No.1 reactor, where nuclear fuel is suspected to have burned through the pressure vessel. Meanwhile, it is necessary to keep cooling the No. 2 and 3 reactors, which are believed to still contain some fuel, but the cooling system itself is unstable. If the fuel were to become overheated again and melt, coming into contact with water and trigger a steam explosion, more radioactive materials will be released.We are now head to head with a situation that mankind has never faced before.

Mainichi also reports:The Ground Self-Defense Force (GSDF) and residents of the zone between 20 and 30 kilometers from the stricken Fukushima No. 1 nuclear plant held an emergency evacuation drill on Sept. 12 … in preparation for any further large-scale emission of radioactive materials from the plant.The scenario for the drill presupposed further meltdown of the Fukushima plant’s No. 3 reactor core, and a local accumulation of radioactive materials emitting 20 millisieverts of radiation within the next four days. …And nuclear expert Paul Gunter says that we face a China Syndrome, where the fuel from the reactor cores at Fukushima have melted through the container vessels, into the ground, and are hitting groundwater and creating highly-radioactive steam.

Pre-Crime Face Scanner to Be Used For Security Interrogations-Dubious technology could frame thousands of innocent people as terrorists or criminals Paul Joseph Watson Infowars.com Wednesday, September 14, 2011

Pre-crime face scanning lie detector technology set to be rolled out in airports and other public venues will aid authorities in conducting ‘security interrogations’ of individuals, despite the fact that the new device is even less reliable than the dubious polygraph test, and could easily lead to thousands of innocent people being framed as terrorists and criminals.A sophisticated new camera system can detect lies just by watching our faces as we talk, experts say. The computerised system uses a simple video camera, a high-resolution thermal imaging sensor and a suite of algorithms, reports BBC News.Researchers say the system could be a powerful aid to security services, according to the report, adding that the technology is set to be rolled out first in airports for security interviews and that the system will also be used to conduct covert truth tests in real time.The new system successfully discriminates between truth and lies in about two-thirds of cases, which equates to little more accuracy than chance alone, making it even less reliable than the notorious polygraph test, which has been widely dicredited and is habitually inaccurate.The technology is focused around detecting emotions such as distress, fear or distrust, all of which a stressed traveler could undergo without necessarily being a liar. Indeed, such emotions would be expected in an environment where people are being naked body scanned, groped by TSA thugs, and subjected to lie detector interrogations.In addition, such emotions could be registered when the subject fears not being believed by the authority figure. The person could be characterized as a liar when they are in fact completely honest.

As with everything we’ve seen rolled out in the context of airport security, this invasive technology is eventually planned to become a staple of the 21st century police state.Vowing not to fly won’t be good enough to avoid Big Brother’s gaze – this technology is ultimately designed to be used to control access to shopping malls, sports stadiums, and other public events.As we have previously documented, the Department of Homeland Security’s FAST program is based around similar technology that professes to detect malintent by means of pre-crime interrogations and physiological scans.Back in May, the DHS was busy conducting field tests of the technology at an undisclosed location in the northeast United States, suggesting its rollout is close to fruition.A promotional video for the program shows individuals who attend security events being led into trailers before they are interrogated as to whether they are terrorists while lie detector-style computer programs analyze their physiological responses. The subjects are asked about their whereabouts, and if they are attempting to smuggle bombs or recording devices into the expo, proving that the technology is intended to be used at public events and not just airports. Individuals who do not satisfy the first lie detector-style test are then asked additional questions.Just like the lie detector face scanner, the FAST program will undoubtedly frame thousands of people as terrorists and criminals without them even having committed any crime.Steven Aftergood, a senior research analyst at the Federation of American Scientists, a think-tank based in Washington DC that promotes the use of science in policy-making, is pessimistic about the FAST tests. He thinks that they will produce a large proportion of false positives, frequently tagging innocent people as potential terrorists and making the system unworkable in a busy airport. I believe that the premise of this approach — that there is an identifiable physiological signature uniquely associated with malicious intent — is mistaken. To my knowledge, it has not been demonstrated, Aftergood told Nature. Without it, the whole thing seems like a charade.
http://www.youtube.com/watch?v=4wqooBmYfQ4&feature=player_embedded

Gore’s 24 Hours of Fantasy About To Begin Tom Harris PAJAMAS MEDIA Wednesday, September 14, 2011

Unfortunately for Al Gore, but fortunately for the rest of us, much of what we will hear in his 24 Hours of Reality extravaganza starting Wednesday evening is pure fantasy.Gore is completely wrong when he tells us that the science of climate change is settled. If his Climate Reality Project actually did promote climate realism, he would tell us that the science is in a period of negative discovery — the more we learn, the more we realize we do not understand about this, arguably the most complex science ever tackled. Rather than remove the doubt, as Gore says, we need to recognize the doubt.Many of the ideas expressed by climate campaigners such as Gore and United Nations Secretary-General Ban Ki-moon are the consequence of a belief in what Canadian professors Chris Essex (University of Western Ontario) and Ross McKitrick (University of Guelph) call the Doctrine of Certainty,a collection of now familiar assertions about climate that are to be accepted without question(Taken by Storm, 2007).

Essex and McKitrick write,But the Doctrine is not true. Each assertion is either manifestly false or the claim to know is false. Climate is one of the most challenging open problems in modern science. Some knowledgeable scientists believe that the climate problem can never be solved.Yet, as long ago as 1989, Gore insisted there was no dispute worthy of recognition about the dangers of man-made greenhouse gas-driven climate change. Since then his certainty has solidified into dogma.But that dogma is being contested by more and more reputable scientists who are finally speaking out in an organized fashion. For example, on August 29, a blockbuster science document was published that totally refutes Gore and Ban — the Interim Report of the Nongovernmental International Panel on Climate Change (NIPCC). Coauthored by a team of scientists recruited and led by climate experts Dr. Craig Idso, Professor Robert Carter, and Professor Fred Singer, the NIPCC shows that the United Nations Intergovernmental Panel on Climate Change (IPCC) has ignored or misinterpreted much of the research that challenges the need for carbon dioxide and other greenhouse gas controls. In other words, the science being relied upon by governments worldwide to create multi-billion dollar climate policies is almost certainly wrong.Consider extreme weather, the main topic of 24 Hours of Reality. Gore promotes the concept that greenhouse gas-induced global warming is leading to increasingly severe weather. But this defies logic. If the world warms due to increasing greenhouse gas emissions, temperatures at high latitudes are forecast to rise most, reducing the difference between arctic and tropical temperatures. Since this differential drives weather, we should see weaker midlatitude cyclones in a warmer world, and so less extremes in weather, not more.It is also a mistake to blame human activities for current weather extremes. The NIPCC concluded that the data reveal there have not been any significant warming-induced increases in extreme weather events.The report’s authors showed that this was the case whether the phenomenon being studied was precipitation, floods, drought, storms, hurricanes, fire, or other weather-related events.

For example, the NIPCC includes a study published this year in Geophysical Research Letters about the causes of the 2010 Russian heat wave. Researchers deduced that it was due to internal atmospheric dynamical processes and it is unlikely that the warming attributable to increasing greenhouse gas concentrations contributed significantly to the magnitude of the heat wave.We will probably find the same when most 2011 weather events are analyzed.Besides increasing extreme weather that people always notice, it is also important to take note of decreasing trends. For example, we are now near a 30 year low in worldwide accumulated cyclone energy (hurricanes in the North Atlantic), something that was not supposed to be happening if the forecasts of climate models were correct. This graph shows the trend in worldwide accumulated cyclone energy.Climate change and extreme weather have always happened and always will no matter what we do. Therefore, instead of futilely trying to stop them from occurring, we need to harden our societies to these inevitable events by burying electrical cables underground, reinforcing buildings and other infrastructure, and ensuring reliable energy sources so that we have the power to heat and cool our dwellings as needed.Gore tells us that his program will reveal the deniers. If by deniers he means those of us who do not support his belief in an impending human-caused climate catastrophe, then we certainly hope he does reveal us. Gore and Ban alone have had many times the mainstream media coverage of all the skeptics combined. It is time to listen to reputable experts who understand that predicting, let alone controlling, climate decades from now will remain science fiction for the foreseeable future.That may not be a comforting thought to climate crusaders, but that, Mr. Gore, is the true climate reality.

HAMAS MAY RESUME SUICIDE BOMBINGS

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

WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/
CNBC VIDEOS
http://www.cnbc.com/id/15839263/?tabid=15839796&tabheader=false

HALF HOUR DOW RESULTS WED SEPTEMBER 14,2011

09:30 AM +2.43
10:00 AM +23.95
10:30 AM -56.54
11:00 AM -63.16
11:30 AM +10.97
12:00 PM +40.49
12:30 PM +39.35
01:00 PM +66.64
01:30 PM +77.72
02:00 PM +108.78
02:30 PM +173.35
03:00 PM +194.34
03:30 PM +262.25
04:00 PM +140.88 11,246.73

S&P 500 1188.68 +15.80

NASDAQ 2572.55 +40.40

GOLD 1,823.10 -7.00

OIL 88.53 -1.68

TSE 300 12,293.38 +87.90

CDNX 1753.94 -7.45

S&P/TSX/60 699.31 +5.28

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow +60 points at 4 minutes of trading today.
Dow -134 points at low today.
Dow +60 points at high today so far.
GOLD opens at $1,823.60.OIL opens at $89.65 today.

AFTERNOON,NEWS,STATS
Dow -134 points at low today so far.
Dow +280 points at high today so far.

WRAPUP,NEWS,STATS
Dow -134 points at low today.
Dow +280 points at high today.

GOLD ALLTIME HIGH $1,902.60 (NOT AT CLOSE)

CRUDE OIL -6.7 MILLION BARRELS
GASOLINE +2 MILLION BARRELS
DISTILLATE INVENTORIES +1.7 MILLION BARRELS

A Week of Horrid Headlines - Alan Caruba Tuesday, September 13, 2011 CANADA FREE PRESS

Journalism is often called History written in a hurry. If so, last week’s headlines from the front page of The Wall Street Journal reflected a period of our current history that will likely have future historians wondering how we made it through these times without completely losing our minds.If fear sells newspapers, drives television news ratings, gets bad laws passed, and is useful for selling all manner of other goods and services, than last week must have been very good for business.
The weekend edition, Saturday/Sunday, September 3-4, began with Job Growth Grinds to a Halt.The sub-headline was Lack of Hiring in August Roils Financial Markets; Gloom Ratchets Up Pressure on Obama. The President would have to wait until the following Thursday to roll out his Jobs bill and to tell a joint session of Congress, Pass this bill now! Reluctant to admit its role in the housing mortgage crisis that broke in late 2008 during the political campaign and largely due to Fannie Mae and Freddie Mac—both of whom own 50% of U.S. mortgages—the next article on page one was U.S. Sues Big Banks Over Home Mortgages.Monday was Labor Day so there was no WSJ edition, but on Tuesday, September 6, the lead headline was Europe Signals Global Gloom with a sub-headline, World Markets Fall as Continent’s Debt Crisis Fuels Worries of Lengthy Slowdown.It reminded me of the cliché that, when the U.S. sneezes, the rest of the world gets pneumonia.Under the lead story was a headline, Voter Discontent Deepens Ahead of Obama Jobs Plan.By Wednesday, September 7, the headline was Euro Woes Stir Currency Fears with a sub-headline, Older Americans Held Hostage by Mortgages.On Thursday, September 8, the headline was Fed Prepares to Act with a sub-headline, Officials Consider Unusual Steps to Avert an Economic Stall. The nation has been stalled since 2008 when gobs of taxpayer money was used to bailout banks, an insurance company, and two major auto manufacturers. Meanwhile, an accompanying headline said, U.S. Hits Builders with Pay Probe about a Labor Department investigation of the top companies in home building, hitting them with a broad demand for records that has led to complaints of regulatory overreach. You think?

By Friday, following Obama’s speech, the lead headline was Obama’s Bid to Spur Growth. The sub-headline was President Asks Congress for $447 Billion in Cuts, Spending; Tepid GOP Response.With a $14 trillion national debt, I’d be tepid, too.
The proposed bill would be paid for with tax increases that would kick in after the next election in 2012. They are the same increases a Democrat-controlled Congress refused to authorize! The Saturday weekend edition, led off with Banker’s Exit Rattles Markets and a sub-headline, In Europe, Top ECB Economist Resigns, Seen as Policy Protest; Dow Industrials Fall 303.68 points.Obama speaks. The Dow tanks. Coincidence? I think not.The other lead article headline was Treasury Weighs New Tax Scheme.It began Treasury floats the notion of eliminating some, but not all taxes on overseas profits of U.S. multinational companies…Thus, the week’s WSJ headlines were a microcosm of the fears defining the economies of the U.S. and European nations whose socialist programs and massive over-spending had landed all of them in hot water.We expect and we want government to exercise prudence in the management of public funds, but successive administrations and congresses did not, electing always to expand government. Let’s hope the Fed does not want to print more money. It will cause a collapse of confidence.It’s September 2011. Welcome to the 1930s.

LAND FOR PEACE (THE FUTURE 7 YEARS OF HELL ON EARTH)

JOEL 3:2
2 I will also gather all nations, and will bring them down into the valley of Jehoshaphat, and will plead with them there for my people and for my heritage Israel, whom they have scattered among the nations, and parted my land.

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

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

DANIEL 11:21-23
21 And in his estate shall stand up a vile person, to whom they shall not give the honour of the kingdom: but he shall come in peaceably, and obtain the kingdom by flatteries.
23 And after the league made with him he shall work deceitfully: for he shall come up, and shall become strong with a small people.
24 He shall enter peaceably even upon the fattest places of the province; and he shall do that which his fathers have not done, nor his fathers' fathers; he shall scatter among them the prey, and spoil, and riches: yea, and he shall forecast his devices against the strong holds, even for a time.

DANIEL 9:26-27
26 And after threescore and two weeks(62X7=434 YEARS+7X7=49 YEARS=TOTAL OF 69 WEEKS OR 483 YRS) shall Messiah be cut off, but not for himself: and the people of the prince that shall come shall destroy the city and the sanctuary;(ROMAN LEADERS DESTROYED THE 2ND TEMPLE) and the end thereof shall be with a flood, and unto the end of the war desolations are determined.(THERE HAS TO BE 70 WEEKS OR 490 YRS TO FUFILL THE VISION AND PROPHECY OF DAN 9:24).(THE NEXT VERSE IS THAT 7 YR WEEK OR (70TH FINAL WEEK).
27 And he( THE ROMAN,EU PRESIDENT) shall confirm the covenant with many for one week:(1X7=7 YEARS) and in the midst of the week he shall cause the sacrifice and the oblation to cease,(3 1/2 yrs in TEMPLE SACRIFICES STOPPED) and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate.

JEREMIAH 6:14
14 They have healed also the hurt of the daughter of my people slightly, saying, Peace, peace; when there is no peace.

JEREMIAH 8:11
11 For they have healed the hurt of the daughter of my people slightly, saying, Peace, peace; when there is no peace.

1 THESSALONIANS 5:3
3 For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.

ISAIAH 28:14-19 (THIS IS THE 7 YR TREATY COVENANT OF DANIEL 9:27)
14 Wherefore hear the word of the LORD, ye scornful men, that rule this people which is in Jerusalem.
15 Because ye have said, We have made a covenant with death, and with hell are we at agreement; when the overflowing scourge shall pass through, it shall not come unto us: for we have made lies our refuge, and under falsehood have we hid ourselves:
16 Therefore thus saith the Lord GOD, Behold, I lay in Zion for a foundation a stone, a tried stone, a precious corner stone, a sure foundation: he that believeth shall not make haste.
17 Judgment also will I lay to the line, and righteousness to the plummet: and the hail shall sweep away the refuge of lies, and the waters shall overflow the hiding place.
18 And your covenant with death shall be disannulled, and your agreement with hell shall not stand; when the overflowing scourge shall pass through, then ye shall be trodden down by it.
19 From the time that it goeth forth it shall take you: for morning by morning shall it pass over, by day and by night: and it shall be a vexation only to understand the report.

Palestinian leader won't halt UN recognition drive
AP – SEPT 14,11

CAIRO (AP) — Palestinian President Mahmoud Abbas says efforts to win U.N. recognition for a Palestinian state are irreversible and have wide international support, but they don't mean the end of negotiations with Israel.Abbas was speaking Tuesday to newspaper editors in Cairo following a meeting with Arab foreign ministers, who discussed the Palestinian U.N. initiative. The Arab League offered support for Abbas but said he will determine if he will seek recognition from the General Assembly, or would take the issue to the Security Council. The U.S. and the Israel oppose the move.Abbas said 126 countries back the initiative. He said it was not a symbolic move, but one that would strength his negotiating position with Israel.

Palestinians Pressured to Seek General Assembly Vote on Statehood By DAVID D. KIRKPATRICK Published: September 13, 2011

CAIRO — A top negotiator for the Palestinian Authority said Tuesday night that its leadership was weighing the strong urging of both the Arab states and the Europeans to turn to the General Assembly of the United Nations — and not its Security Council — in a bid to win international recognition as a state.The negotiator, Saeb Erekat, said that at a strategy session at the Arab League, the Palestinian Authority president, Mahmoud Abbas, said that if we receive something from the Arabs and the Europeans we will put it to the leadership to study it. But Mr. Erekat said that with the expected United Nations vote coming within days, the Palestinian Authority had not yet committed to a course of action.He also said that Mr. Abbas would fly to Amman, Jordan, on Wednesday for a meeting about the issue with former British Prime Minister Tony Blair, the diplomat who represents the European Union, United States, United Nations and Russia — the so-called Quartet — on the Palestinian-Israeli conflict.Mr. Blair and the Europeans said they have some ideas and we are waiting to see the ideas formulated, Mr. Erekat said.We don’t intend to confront the U.S. or anyone else for that matter, he added. We want to present the United Nations vote as an opportunity for all of us to preserve the two-state solution.

At the same time, Nabil el Araby, the secretary general of the Arab League, said after meeting with the Palestinian leadership that it is obvious that the Palestinian authority and the Arab countries are leaning towards going to the General Assembly, though he added that the Arab League was awaiting Mr. Abbas’s final decision within two days.Turning to the General Assembly would all but assure the Palestinians a victory in the vote and an embarrassment for Israel, but it would also provide only a limited United Nations recognition, as a non-voting state. Only the Security Council can provide full membership with voting rights, but turning to the Security Council would also mean almost certain defeat. And the United States has indicated that in support of Israel it would veto a proposal in the Security Council as a diversion from peace talks, and casting such a veto against broad international support would be an awkward setback for American diplomacy in the Arab world.The General Assembly option, however limited, could still pave the way for the Palestinians to join dozens of United Nations bodies and conventions, including the International Criminal Court. That would enable the Palestinians to file charges against Israel for alleged violations of international law, an outcome that Israel dreads.Israel and the United States have both argued that turning to the United Nations is a distraction if not a departure from peace talks, turning away from the path laid out in the Oslo peace accords. American and Israeli diplomats argue that only direct talks with Israel can lead to true statehood, in reality and not just on United Nations paper. President Obama has called the United Nations bid counterproductive.

But Mr. Abbas, the Palestinian president, and his Arab allies argue Israel’s intransigence has already rendered the steps outlined by the Oslo peace accord ineffective, and they say United Nations recognition is a step toward more productive, state-to-state negotiations over boundaries and the like.Speaking at a news conference to close the 136th session of the Arab League, Mr. Araby endorsed the view that the United Nations vote will change the Israel-Palestinian conflict: it will turn from a conflict about existence to a conflict about borders.He called the vote an important step toward a two-state solution to the conflict.Some European diplomats have urged the Palestinians to turn to the General Assembly because they argued its approval was more likely to facilitate renewed negotiations than a confrontation at the Security Council. Catherine Ashton, the top diplomat for the European Union, was in Cairo on Monday to meet with the Palestinian leaders as well. Although she has said in the past that Europeans are divided on the issue, Mr. Araby said in his comments that she expected strong European support for the General Assembly vote.Recep Tayyip Erdogan, the prime minister of Turkey — - a longstanding ally of Israel that recently broke with Israel — - was also in Cairo on Tuesday, and he repeatedly emphasized shared grievances with Israel as he sought to enhance Turkey’s position in the changing Arab world.In a speech to the Arab League, Mr. Erdogan called support of the United Nations vote to recognize Palestine a moral imperative. Recognition of the Palestinian state is the only correct way, he said. It is not a choice but an obligation.Heba Afify contributed reporting.

Obama Loses PA Referendum in NY Election-Republican Bob Turner won an upset in NY’s strongly Democratic 9th district in a special election that focused on Obama’s views of Israel.By Tzvi Ben Gedalyahu First Publish: 9/14/2011, 8:27 AM
http://www.israelnationalnews.com/News/News.aspx/147848#.TnBMM-ztg44

Republican Bob Turner won an upset in New York’s strongly Democratic and Jewish 9th district Tuesday in a special election that focused on Obama’s views of Israel. (For Arutz Sheva interview with Bob Turner, click here.)The seat was vacated by Democrat Anthony Weiner, who was forced to resign earlier this year after it was discovered he sent indecent pictures via social networks.Turner, a retired cable television executive, beat out New York State legislator David Weprin, an observant Jew, the first time the GOP has held the seat in more than 80 years. It was one of two defeats for President Barack Obama Tuesday. Republican Mark Amodei won a special Congressional race in Nevada.The election in New York won national attention, partly because of high-profile debates on President Obama’s policy that accepts most of the demands of the Palestinian Authority from Israel. The ninth district is heavily populated by Orthodox Jews.Tonight we sent a message, Turner told cheering supporters. I am delighted we rejected the political rhetoric we heard in this campaign. I think Washington had better listen to us.Dissatisfaction with the president on all fronts – including foreign policy and domestic – led to Weprin’s loss, despite intervention on his behalf from U.S. Secretary of State Hillary Clinton and other high-level Democratic leaders.

Weprin had lost the support of Orthodox Jew and Democratic New York State Assemblyman Dov Hikind by using religion to attempt to justify his vote for the gay marriage law that carried the New York legislature in June. The fact that he backed the law at all cost Weprin Orthodox votes.Democrats tried to downplay the loss, noting that the district’s Orthodox Jews represented a disproportionate number of voters because of their high turnout in special elections.This is a special election that is purely reflective of who showed up to the polls and the makeup of the district, Rep. Debbie Wasserman Schultz (Fla.), chairman of the Democratic National Committee, commented. There isn’t any comparison between districts like mine and New York Nine.The ninth district, especially the Orthodox Jewish community, voted strongly for President Obama in 2008 but now gives him an approval rating of only 13 percent, largely because of his backing of the Palestinian Authority.Former Democratic New York Mayor Rudolph Giuliani supported Turner and said during the campaign, Israel is our ally, not the Palestinian Authority.He added that recognizing the PA would be the same as establishing another terrorist state. Former Democratic New York Mayor Ed Koch said to vote for Turner to show displeasure at Obama's behavior towards Israel.The district’s working class, often referred to as the Archie Bunker vote, was less interested in foreign policy in the race. It is suffering from unemployment and has drifted away from supporting President Obama.

Clinton: Road to Palestinian State Doesn't Run Through New York-Clinton reiterates that PA's statehood bid is a mistake. The route lies in Jerusalem and Ramallah, not in New York.By Elad Benari First Publish: 9/14/2011, 1:08 AM

U.S. Secretary of State Hillary Clinton reiterated on Tuesday her country's position that the Palestinian Authority's unilateral statehood bid is a mistake.In a press conference in which she confirmed that envoys David Hale and Dennis Ross would be returning to the region, Clinton said that the path to a two-state solution creating a Palestinian state runs through Jerusalem and Ramallah, not through New York.The Associated Press quoted Clinton as having said Hale and Ross' trip to the Middle East is to try to create a sustainable platform for negotiations that can produce the two-state outcome that we seek.She told reporters, Our hope is we get the parties back into a frame of mind and into a process where they actually begin negotiating again.We need an environment that is conducive to direct negotiations, Clinton added. We all know that no matter what happens or doesn't happen at the UN, the next day is not going to result in the kind of changes that the United States wishes to see that would move us toward a two-state solution that we strongly support. The only way of getting a lasting solution is through direct negotiations between the parties and the route to that lies in Jerusalem and Ramallah, not in New York.She added that the issue is not simply that action in New York will not bring peace and stability, but it will create more distractions toward achieving that goal.

On Monday, U.S. President Barack Obama said that the PA's statehood bid is a distraction that will not result in viable statehood.Obama reiterated that the U.S. would veto the statehood bid at the UN Security Council, saying, I have said very publicly that if this were to come to the Security Council we would object very strongly.The U.S. has tried working all diplomatic channels, overt and back channel, to avert the official move by the PA launching its campaign for recognition as a new country and membership in the international body. The efforts have been ignored and criticized by the PA.

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

Slovak refusenik: EU bailout fund is greatest threat to euro 13.09.11 @ 17:30 By Leigh Phillips

The eurozone’s plans to strengthen the area’s rescue fund are being threatened by an ideological row in Slovakia, with the governing coalition failing to resolve sharp disagreements over legislation endorsing the move.While Prime Minister Iveta Radicova of the centre-right Slovak Christian and Democratic Union (SDKÚ-DS) and her finance minister are committed to passing the necessary legislation as soon as possible, the libertarian junior coalition party, Freedom and Solidarity (SaS), remains opposed to the deal on principle.Although eurozone premiers and presidents on 21 July announced an expansion to the financial resources of the European Financial Stability Fund, the move has to be approved by the governments of all the area’s states.After 12 hours of talks between the SDKÚ-DS, the SaS and the Christian Democratic Movement (KDH) and Most-Híd parties, the Radicova emerged late on Monday to announced there was no agreement on the EFSF or backing for its post-2013 successor, the European Stability Mechanism.In a situation where three coalition parties want to ratify the fund and one party doesn't, the agreement will be reachable only very narrowly, if ever,she told reporters.The leader of the SaS, Richard Sulik, is also the speaker of the Slovak parliament and has insisted that a vote cannot take place before December at the earliest - a schedule far too ponderous given the galloping advance of the eurozone crisis, according to Brussels.

The party has also said it will vote against the legislation.This is of course a decision that has to be taken at the national level. It is a sovereign decision, EU economy spokesman Amadeu Altafaj-Tardio told reporters in Brussels on Tuesday.We do not interfere in that.However, the importance of swift ratification and implementation of this decision in their integrality in order to safeguard the stability of the euro area as a whole and therefore Slovakia as well.We need the agreement of the member states of the euro area, all of them.Speaking to EUobserver, Sulik - also the architect of his country’s flat-tax model - explained his reasons for refusing to relent over the matter.EFSF itself is the greatest threat to euro. The only real solution to the debt crisis is rigorous enforcement of the currency bloc’s regulations on budget deficits and public debt, he said.It’s definitely not possible to solve a debt crisis by creating new debts.He said that passage of the measures would reward what he called irresponsible countries, a jab at the eurozone periphery.SaS is strongly against the idea of supporting the irresponsible countries by threatening the ratings of the responsible ones so we will not vote in favour, he continued.He said that it is not his party that is holding things up, but that Radicova and other party leaders had earlier agreed that Slovakia would be the last member state to vote on the EFSF bill. [The legislative process] takes some time as well.He believes the legislation may still go through, however, if the SDKÚ-DS depends on the opposition Social Democrats (Smer) to push through the measures.The Slovak Business Alliance has said that the disagreement between the parties was hurting the business environment and warned against the government falling.

EU border agency gets extra powers
13.09.11 @ 17:39 By Valentina Pop

Brussels - The European Parliament on Tuesday (13 September) agreed to extend the powers of Frontex, the bloc's border agency and insisted on some provisions reinforcing migrants' rights. Groups dealing with refugees say the measures merely scrape the surface of the problem.The measures, to come into force before the end of this year, will strengthen safeguards so as to guarantee the full respect of fundamental rights and improve the ability of Frontex to support member states more efficiently and more independently, EU home affairs commissioner Cecilia Malmstrom said in a statement.Under the provisions, Frontex will still not be given its own border guards, which will be deployed from member states. But it will have the power to acquire its own helicopters and cars, rather than depending on what national governments supply - as is currently the case.Frontex will also be able to strike deals with non-EU countries on repatriation of irregular migrants and provide those governments with technical assistance.As a novelty, a fundamental rights officer will be deployed to the Warsaw-based agency to assist Frontex in managing these issues and a consultative forum will also be set up together with NGOs dealing with human rights.In the event of a breach of human rights, Frontex missions may be suspended or terminated. The agency is also obliged to write down rules guaranteeing compliance with human rights in all missions, including return operations.This is the most important overhaul of the law that established Frontex in 2004 and parliament greatly welcomes it. Our assessment of the first six years of experience of the agency is that it needs to be strengthened and be made more effective, said centre-right Maltese MEP Simon Busuttil, who drafted the parliament's position.

Groups dealing with migrants first-hand say the move is unlikely to change much in practice, as most refugees who try to come into Fortress Europe meet national border guards, not Frontex people, however.Or, when they do meet them it is hard for migrants to differentiate between official Frontex operations and national border operations, said Philip Amaral from the Jesuit Service Europe (JSE).Just as important to ensuring that Frontex operations respects human rights and access to asylum, are the bilateral relationships the EU and individual member states have with third countries. We've received reports of forced deportations in Morocco and Algeria. In Ukraine, migrants intercepted at the borders are subject to detention in poor conditions. Moreover, its nearly impossible to get refugee protection as the system is rife with corruption, and refugee laws and procedures too complex, he added.The fact that there is no parliamentary scrutiny over Frontex activities is also being flagged up by the Jesuit group, as is the lack of opportunities for migrants to file for asylum before trying to cross over the Mediterranean and risk their lives in the hope they will be granted refugee status.

EU countries say No to commission powers on border control 13.09.11 @ 17:43 By Andrew Rettman

Three leading countries have told the European Commission that its bid to take control of the EU's passport-free travel system will not fly.The interior ministers of Germany, France and Spain in a joint statement to press on Tuesday (10 September) said: We believe that respecting [this] core area of national sovereignty is very important to the member states. We therefore do not share the European Commission's views on assuming responsibility for making decisions on operational measures in the security field.It added: The decision whether to re-introduce temporary checks at the internal borders is based on an intensive assessment of the national security situation, which can only be carried out by the member states on the basis of the expertise and resources of their security authorities.The commission will on Friday adopt its final plan for how the so-called Schengen zone - a free-movement agreement between 22 EU countries, Iceland, Norway and Switzerland - should be governed in future.Its home affairs spokesman, Michele Cercone, declined to comment either on the ministers' communique or the draft proposals.But last week, he revealed the EU executive wants to make decisions on when border checks can be temporarily re-introduced for special events such as football championships on in reaction to crises such as terrorist attacks.We have to move to a European system if we want Schengen to be safeguarded and guaranteed,he said at the time.The commission launched the Schengen reform process after France unilaterally reintroduced border checks in order to keep out Arab Spring migrants coming from Africa via Italy.

The group of three's letter supported draft provisions to suspend a Schengen member if they become a liability for the rest of the zone, however.Strengthening Schengen governance in case a member state is no longer able to comply with its obligations under the Schengen rules is an important and shared concern and a mechanism should be introduced to respond to exceptional circumstances putting the overall functioning of Schengen co-operation at risk,it said.The measure is reportedly aimed at Greece, which has become the main point of entry for irregular migrants into the EU because of its long land border with Turkey.

French banks hit amid worries over Greek exposure
13.09.11 @ 09:15 By Leigh Phillips

Major French banking stocks were pummelled on Monday on the back of persistent worries that Greece is on the verge of defaulting on its loans.Societe Generale, particularly badly hit, slid 10.8 percent while other European financial stocks emerged in little better shape. BNP Paribas was down 11 percent at one point in the day.Paris’ CAC40 was down almost five percent on Monday, Frankfurt’s Dax was off three percent and the FTSE in London plunged two percent. Exchanges in Asia also saw sharp losses. Japan’s Nikkei closed down just over two percent while the Hang Seng in Hong Kong drooped by 4.2 percent.Despite efforts by French banks to offload much of their Greek contracts, it remains unclear the extent of their exposure, an uncertainty that led Moody’s Investors Services to warn three months ago it might downgrade the ratings of some.The rating agency put the larger French financial outfits on a three-month review on 15 June, a review period that is almost over.

European leaders are scrambling to get a head of the rout, with an emerging consensus that much more profound EU integration, in particular a centralisation of fiscal-policy-making, including tax harmonisation, is needed.Deeper European integration is coming, EU Commission chief Jose Manuel Barroso declared on Monday, but the process will be democratic he said.To have success we need more, not less, Europe. Deeper integration is part of the solution to prevent debt crises in the future, he said in a statement following a meeting on the eurozone crisis with German Chancellor Angela Merkel on Monday.It will not happen overnight, but it will happen, in a steadfast, democratic process.The commission chief said that both the EU executive and Germany are working for the bloc to emerge from the crisis stronger, as a Stability Union and as a Growth Union.He also warned however that heavily indebted countries must stick to promises made to international lenders to stabilise their finances, hinting that bail-out cash will not be there if they do not.Help can only continue to those who make all efforts to bring their house in order, he said.In a highly unusual development, US treasury secretary Timothy Geithner announced on Monday that he would be travelling to Poland to attend a meeting of EU finance ministers at the end of the week.According to a Treasury Department statement, Geithner is to discuss with his European counterparts their efforts to contribute to global economic recovery.The threat that the European sovereign debt crisis poses to global economic stability has prompted public criticisms from Washinton of EU leaders for their inability to get the situation under control.

Europe needs to take more forceful action to generate confidence that it can and will resolve its crisis, Geithner said in a statement on Friday.This requires governments working together and alongside the European Central Bank in an unequivocal commitment to support Europe’s financial system and ensure governments can borrow at sustainable interest rates as they reform.Later speaking to Bloomberg TV, Geithner said the EU must do whatever they can to bring the crisis to a close.I think it's in the interest of the United States and the Europeans to do whatever they can to make sure they ... calm these pressures now spreading across Europe. It's very important to us and to the world economy as a whole.

MUSLIM NATIONS

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

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

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

DANIEL 11:40-43
40 And at the time of the end shall the king of the south( EGYPT) push at him:(EU DICTATOR IN ISRAEL) and the king of the north (RUSSIA AND MUSLIM HORDES OF EZEK 38+39) shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over.
41 He shall enter also into the glorious land, and many countries shall be overthrown: but these shall escape out of his hand, even Edom, and Moab, and the chief of the children of Ammon.(JORDAN)
42 He shall stretch forth his hand also upon the countries: and the land of Egypt shall not escape.
43 But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.

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

JOEL 2:3,20,30-31
3 A fire(NUCLEAR BOMB) devoureth before them;(RUSSIA-ARABS) and behind them a flame burneth: the land is as the garden of Eden before them, and behind them a desolate wilderness; yea, and nothing shall escape them.
20 But I will remove far off from you the northern army,(RUSSIA,MUSLIMS) and will drive him into a land barren and desolate, with his face toward the east sea, and his hinder part toward the utmost sea, and his stink shall come up, and his ill savour shall come up, because he hath done great things.(SIBERIAN DESERT)
30 And I will shew wonders in the heavens and in the earth, blood, and fire, and pillars of smoke.(NUCLEAR BOMB)
31 The sun shall be turned into darkness, and the moon into blood, before the great and the terrible day of the LORD come.

Israeli Ambassador to Egypt: It's a Different Country Now-Several days after the attack on Israel's Embassy in Cairo, Ambassador Yitzhak Levanon says, This is not the same Egypt.By Elad Benari First Publish: 9/14/2011, 7:49 AM

Several days after the Israeli Embassy in Cairo was attacked by an angry mob of Egyptians, who managed to break down the wall surrounding the embassy building and almost lynched six security guards, Israel’s Ambassador to Egypt spoke about the change in Egypt since the fall of President Hosni Mubarak.While Ambassador Yitzhak Levanon was not in the embassy when it was raided, he watched the events from afar and it became clear to him that today’s Egypt is not the same Egypt to which he was sent.Something has happened in Egypt, we need to understand, Levanon told Israel’s Channel 10 News in an interview Tuesday. This is not the same Egypt as before. Things have changed, the revolution has done something. Who would have thought that the Muslim Brotherhood will be part of political life in Egypt? Levanon, who was airlifted from Egypt back to Israel after the incident in the embassy, recalled those moments in the Israeli Air Force helicopter when he was eagerly waiting for the six security guards to be rescued from the embassy, as only one door separated them from the angry crowd who ran amok in the corridors of the multi-story building which houses the embassy.

You see red eyes, there were some with tears in their eyes, he said.You see the expressionless faces, the tension. I waited for the moment I was told the six are alive and well, and we did not take off until I got this message. The wife of one of them was on the plane with me and she was relieved.Levanon said that the change in Egypt could be seen already from the moment the protesters managed to destroy the wall around the embassy.When I saw the first hole in the wall I realized we were in a completely different situation, he said.We’re talking about a concrete wall a hundred meters long on which they painted the flag of Egypt, perhaps so that the crowd will honor the icon. But it didn’t happen.Levanon said the incident was not expected and Israel did not have information that such a scenario can be realized.If it had been clear to us that this could happen, we would have gotten orders from officials in Israel, he said, noting that Egypt was quick to make it clear to him that it, too, had been unprepared for such a scenario.Before I left, one official Egyptian apologized, said Levanon, reading the text message he received from that official:I have no words with which to apologize to you, I hope to see you soon.
Levanon clarified that he nevertheless intends to return to Egypt.We want to renew diplomatic activity in Egypt as soon as possible,he said.The question is what will the ruling military do. They have an obligation to safeguard the embassies and the Egyptians said they will maintain the peace agreement. You must understand that if the state calls upon you, then you have a responsibility - and I'll go back to Egypt.

Hamas May Resume Suicide Bombings-A senior security expert warned Hamas is weighing whether it should resume suicide bombings in its targeting of Israeli civilians.By Gavriel Queenann First Publish: 9/13/2011, 8:09 PM

A senior counter-terrorism expert warned Tuesday that Hamas is weighing a resumption of suicide bomb attacks against Israeli civilians.Col. Jonathan Fighel (Ret.), a researcher with the Interdisciplinary Center's Institute for Counter-Terrorism, spoke at the Institute's eleventh annual terrorism conference.We're seeing more and more Hamas flags in Hebron. The public atmosphere to Hamas is much more lenient. This allows the creation of operational terror cells. Hamas is taking into consideration the renewal of suicide bomb attacks, Fighel said.Fighel, who served in various operational and field posts of intelligence and research at the IDF Intelligence Corps, and who has held several command positions in Judea and Samaria, added that Hamas is gaining influence in the West Bank and acting more freely.Hamas was using the so-called Hamas-Fatah reconciliation agreement as a vehicle to raise its profile in the West Bank, he added.Hamas's strategy is to replace the PLO as the legitimate representative of the Palestinian people, Fighel said.The Hamas regime in Gaza is also looking for duality, to govern while keeping its charter. This is the flexibility it enjoys,it added.Fighel said Hamas was not deterred by Israel, adding that Israeli government and public opinion had become accustomed to Hamas' shelling of more and more cities with rockets.At the same time, he noted, Hamas suffered a resounding failure when it tried to cause the Palestinians to enter a third intifada in recent months.Col. Ronen Cohen, a research associate with the ICT, and a former head of the Terrorism Section of IDF Military Intelligence, said the main goal of Hamas and Hizbullah now is ensuring their own survivability amid regional turbulence.

To that end, both have developed arsenals of rockets to pound the Israeli home front, and defensive asymmetrical fighting forces to target IDF forces, he added.But analysts note tactical flexibility does not indicate strategic or ideological flexibility – or a change in either organization’s long-term agenda.

FALSE FLAGS (SET UP OR STAGED BY SOMEONE)
http://video.google.ca/videoplay?docid=3409375633223151728#docid=-6703838290529161821
http://video.google.ca/videoplay?docid=3409375633223151728#docid=8697248641166616573
http://video.google.ca/videoplay?docid=3409375633223151728#
False flag-From Wikipedia, the free encyclopedia.False flag operations are covert operations designed to deceive the public in such a way that the operations appear as though they are being carried out by other entities. The name is derived from the military concept of flying false colors; that is, flying the flag of a country other than one's own. False flag operations are not limited to war and counter-insurgency operations, and can be used in peace-time.(NOTICE EVERY TIME THERES A REAL TERRORIST ATTACK,THE GOVERNMENT ALWAYS IS DOING A FAKE DRILL WHICH MEANS THEY CAN SAY IT WAS ONLY A DRILL IF THE ATTACK DOES NOT GO OVER WITH THE PUBLIC OR IF THE GOVERNMENT MUFFED UP THEIR OWN FALSE FLAG CONTROL FREAK,GET MORE CONTROL OF PEOPLES RIGHTS AND FREEDOMS.)

Bin-Laden Reaches Out from the Grave With New Message-He may be dead, but he won't be silent: Osama Bin Laden's latest message, recorded before his death, was released by Al Qaeda on Tuesday.By David Lev First Publish: 9/13/2011, 10:28 PM

He may be dead, but he won't stop talking: Osama Bin Laden's latest message, apparently recorded shortly before his death, was released by Al Qaeda on Tuesday, two days after the U.S. commemorated the 9/11 attacks. In the message, Bin Laden urged Americans to rise up against the large corporations – and Israel -which control the United States.The tape appeared on several websites associated with radical Islamist Arabs on Tuesday, and was translated by MEMRI. In the tape, Bin-Laden tells Americans that Many of your representatives in the White House and the two Houses of Congress are double agents. Even though theoretically, they are the decision makers, the real decision makers, with regard to your most important demands, are the major corporations.I recommend that you read Obama’s Wars, by Bob Woodward. Obama should have been more honest with you, and should have told you that pressure was being exerted on him to continue the war, as well as to support the Israel is, not because this was dictated by America’s interests, but because it was dictated by the interests of the influential lobbies in Washington, Bin-Laden said. Those interests, he said, were controlled by Jewish money capital which was turning Americans into slaves.

Bin-Laden's comments were accompanied by a speech by new Al Qaeda chief, Ayman al-Zawahri, who claimed credit on behalf of his terror group for the Arab spring uprisings against dictators in Egypt, Tunisia, Libya, Syria, and other countries. The uprisings have liberated thousands of the members of the Islamic movement's prisoners, who were imprisoned by direct orders from America,he said, adding that the blessed rebellious Arab earthquake has turned America's calculations head over heels. The Arab people have been freed from the chains of fear and terror, so who is the winner and who is the loser? Al-Zawahri added that it was time for a new 9/11 type attack, and encouraged Muslims all over the world to fight the U.S. I encourage every Muslim who desires his nation's freedom to undertake to hurt America for the more we put pressure on it, the freer we will be from its agents,he said.

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.

THE FIRST JUDGEMENT OF THE EARTH STARTED WITH WATER-IT ONLY MAKES SENSE THE LAST GENERATION WILL BE HAVING FLOODING
GENESIS 7:6-12
6 And Noah was six hundred years old when the flood of waters was upon the earth.
7 And Noah went in, and his sons, and his wife, and his sons’ wives with him, into the ark, because of the waters of the flood.
8 Of clean beasts, and of beasts that are not clean, and of fowls, and of every thing that creepeth upon the earth,
9 There went in two and two unto Noah into the ark, the male and the female, as God had commanded Noah.
10 And it came to pass after seven days, that the waters of the flood were upon the earth.
11 In the six hundredth year of Noah’s life, in the second month, the seventeenth day of the month, the same day were all the fountains of the great deep broken up, and the windows of heaven were opened.
12 And the rain was upon the earth forty days and forty nights.
GOD PROMISED BY A RAINBOW-THE EARTH WOULD NEVER BE DESTROYED TOTALLY WITH A FLOOD AGAIN.BUT FLOODIING IS A SIGN OF JUDGEMENT.

Maria prompts tropical storm warning in Bermuda
AP – Tue Sep 13, 6:30 pm ET

MIAMI – A tropical storm warning has been issued for Bermuda as Tropical Storm Maria crawls up the Atlantic.Forecasters say that tropical storm conditions are expected on the island by early Thursday. The storm is also bringing heavy rainfall on Tuesday to Puerto Rico.Maria has maximum sustained winds near 50 mph (85 kph) with some strengthening forecast during the next two days.Maria is centered about 320 miles (515 kilometers) east of the southeastern Bahamas and is moving north-northwest near 8 mph (13 kph). The U.S. National Hurricane Center in Miami says Maria is expected to pass west of Bermuda on Thursday.Maria's forecast track shows it curving away from the U.S.

Southern California storms cause flooding, fires
AP - SEPT 14,11

LOS ANGELES – Late summer storms dumped heavy rain, lightning and even hail to parts of Southern California on Tuesday, prompting flash flood warnings in some areas.In the Los Padres National Forest, three U.S. Forest Service firefighters were injured when lightning struck about 50 feet away from where they were standing near the border of Kern and Ventura counties, forest spokesman Andrew Madsen told the Los Angeles Times.They were knocked off their feet, Madsen said.The firefighters were disoriented and complained of ringing in their ears. One firefighter was held overnight at a hospital for observation and the other two were released, according to a National Weather Service statement.Flash flood warnings were issued for parts of Los Angeles, San Luis Obispo, Santa Barbara and Ventura counties Tuesday because heavy rainfall exceeded 2 inches per hour in some areas, the weather service said.

In Joshua Tree National Park, torrential rains caused widespread flash flooding in the park's Pinto Basin and Cottonwood Spring areas, park spokesman Joe Zarki said.
Several roads in Joshua Tree were badly damaged with loss of pavement in numerous areas, but no one was hurt, said Zarki.Half-inch hail fell over the Pine Valley area in San Diego County early Tuesday, weather service meteorologist James Thomas told City News Service.In Southern California's desert areas near Palm Springs, lightning strikes set palm trees ablaze as thunderstorms quickly rolled across the region.
Heavy rains helped firefighters douse those fires before they could spread.Palm Springs fire Battalion Chief Jon Merriam says firefighters were called out before dawn Tuesday to 11 lightning-related incidents in about 2 1/2 hours.In Lake Arrowhead, one family weathered a storm of their own after their 8-year-old autistic boy went missing for more than 24 hours — including a period of chilly weather, heavy rain and lightning.The boy was found — in shorts and without a shirt — safe and uninjured.

Mega Space Storm Would Spell Disaster Differently ContributorNetwork Tammy Lee Morris – Tue Sep 13, 3:51 pm ET

This year has seen disaster come in all shapes and sizes -- from earthquakes to tsunamis, tornadoes, floods and wildfires. Now, an article on NewScientist.com points out a different type of disaster that could also have far-reaching effects but on a global scale.The article discussed the dangers of a massive solar storm striking the Earth and the long-term effects upon satellites. Why is that a troublesome issue? If satellites go down -- and the space storm theory holds that a large enough solar blast could disable satellites in orbit around the Earth for as long as 10 years -- so goes much about life as we know it.Do you like your television signal? If you like that Global Positioning System in your car, you can kiss it goodbye, but satellites are not the only things that would be affected by a massive solar storm.Last week a massive power grid shutdown occurred in the Southwest, leaving millions of people in dark, sweltering heat. A strong enough solar storm would repeat that same story around the world and would affect billions of people in the United States alone. Electromagnetic waves from such storms can cause disruptions that could affect the Internet, cell service, landline phone service and so much more.

What would a massive power outage mean? Think about it -- the electricity goes down, what goes next? Electricity powers pumps that bring water to our homes, meaning that water supplies shut down. Food and medicine storage in refrigerators and freezers goes away. Communications are shut down.Travel sources that rely upon electricity are no longer available. Got gas? Not anymore as gas pumps rely upon electricity.
Today, life as we know it is so dependent upon technology and each level is intertwined. It is a domino effect in that if one aspect goes down, it can bring down the whole row. During recent disasters such as the earthquake in Virginia on Aug. 23 and Hurricane Irene as well as Tropical Storm Lee, disaster of any type causes massive disruption but on a more focused level.In Japan, the Tohoku earthquake and subsequent tsunami caused massive death and destruction and shutdown of everyday life. The resulting affects upon the Fukushima nuclear plant added more disaster to the mix.While currently, the sun is in an active cycle of activity, it is uncertain if -- or when -- a massive space storm could occur that would bring disaster on this scale. A 2003 series of 10 solar flares knocked out satellites and wreaked havoc on an instrument board on a Mars orbiter. Years earlier, a solar storm in 1989 caused a massive blackout of the power grid in Quebec.Ultimately, as with any disaster planning, being prepared first of all for evacuation to safety then secondly preparing for loss of electricity is key to being ready.Tammy Lee Morris is certified as a Community Emergency Response Team (CERT) member and is a trained Skywarn Stormspotter through the National Weather Service. She has received interpretive training regarding the New Madrid Seismic Zone through EarthScope -- a program of the National Science Foundation. She researches and writes about earthquakes, volcanoes, tornadoes, weather and other natural phenomena.

Mystery of Hurricane Irene's Gross Gray Blobs Solved-LiveScience.com OurAmazingPlanet Staff LiveScience.com – Tue Sep 13, 1:21 pm ET

When Hurricane Irene barreled up the U.S. Eastern coastline, the storm left behind a path of widespread damage — and a generous helping of mysterious, squishy gray blobs in shallow waters and beaches from Virginia to New York, according to news reports.
They’re pretty disgusting looking, Cathy Hopkins of Hampton, Va., told local media outlet the Daily Press.Hopkins spotted dozens of the nasty floating blobs — many of which give off a powerful stench — near the mouth of the Poquoson River, off the Chesapeake Bay.So what are these strange invaders? They're potato sponges, said Emmett Duffy, a professor at the Virginia Institute of Marine Science, in a statement.The institution has been inundated with queries about the blobs, which have been described as being of various sizes, with the smallest around the size of a baseball.Reports of their texture range from kind of rubbery or leathery to kind of soft.Unlike their tuber namesakes, potato sponges are animals. The simple invertebrates usually remain out of sight beneath the waves, anchored to the seafloor. The unobtrusive filter-feeders, which can grow to the size of a soccer ball, inhabit shallow coastal habitats around the world.Stormy weather can churn up the ocean waters where potato sponges dwell, dislodging them from the seafloor and unleashing a flood of dying or dead sponges — hence the foul smells — onto an unsuspecting coastal population.Although a plague of sponges doesn't always follow a big storm, it has happened in the past. Hundreds washed ashore in Virginia after Tropical Storm Hanna in 2008, the Daily Press reported.

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)

FAMINE

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

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

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

Number of poor hit record 46 million in 2010
ReutersBy David Morgan | Reuters – SEPT 14,11

WASHINGTON (Reuters) - A record 46 million Americans were living in poverty in 2010, pushing the U.S. poverty rate to its highest level since 1993, according to a government report on Tuesday on the grim effects of stubbornly high unemployment.
Underscoring the economic challenges that face President Barack Obama and Congress, the U.S. Census Bureau said the poverty rate rose for a third consecutive year to hit 15.1 percent in 2010. The number in poverty was the largest since the government first began publishing estimates in 1959.The report surfaces at a time when the economic straits of ordinary Americans are at the forefront of the 2012 election campaign.Obama is suffering from low job approval ratings on the economy and evidence of rising poverty could give popular momentum to the $450 billion job-creation program he unveiled last week.The Census data also could come into play in the deliberations of a bipartisan super committee in Congress, which has been charged with finding at least $1.2 trillion in budget savings over 10 years by November 23.The United States has the highest poverty rate among developed countries, according to the Paris-based Organization for Economic Cooperation and Development.The poverty line for an American family of four with two children is an income $22,113 a year.The data showed that children under 18 suffered the highest poverty rate, 22 percent, compared with adults and the elderly.

In a sign of decline for middle-income Americans, the figures showed continued decline in the number of Americans with employer-provided health insurance, while the ranks of the uninsured hovered just below the 50 million mark.Underlying the Census data was a rate of economic growth too meager to compensate for the loss of hundreds of thousands of jobs from 2009 to 2010, as the recession officially ended but the jobless rate shot up from 9.3 percent to 9.6 percent.All of this deterioration in the labor market caused incomes to drop, poverty to rise and people to lose their health insurance, said Heidi Shierholz of the Economic Policy Institute think tank.One of the immediately obvious issues this brings up is that there is no relief in sight.

SOUTH FARES WORST

The numbers would have been worse, analysts said, but for government assistance programs including extended unemployment compensation, stimulus spending and Obama's health reforms, which appeared to reduce the number of uninsured young adults.In Obama's hometown of Chicago, Salvation Army Major David Harvey knows well the effects of grinding poverty on the city's South Side, where he attended a food giveaway on Tuesday.There are more families falling into poverty, he said.That's multiplied on the South Side of Chicago where there are pockets with 20 percent, or more, unemployment.You've got people crying for jobs. They move out of state to get jobs because employers are leaving because of the tax increases here,Harvey said.The poverty rate increased for non-Hispanic whites, blacks and Hispanics but did not differ significantly for Asians. Blacks and Hispanics together accounted for 54 percent of the poor with whites at 9.9 percent and Asians at 12.1 percent.The South fared worst among U.S. regions, recording the highest poverty rate, a significant drop in median income and the largest number of residents without health insurance.

The administration was quick to seize on data showing a 2.1 percent drop in uninsured young adults, aged 18 to 24, as evidence that families were benefiting from an Obama healthcare reform that allows parents to extend their coverage to children as old as 25.The Affordable Care Act is the centerpiece of Obama's domestic policy agenda but has come under fierce attack from Republicans including presidential candidates who hope to challenge the president in the 2012 general election.We expect even more will gain coverage in 2011 when the policy is fully phased in,Health and Human Services Secretary Kathleen Sebelius said in a blog posting.(Additional reporting by Andrew Stern in Chicago; Editing by Ross Colvin, Doina Chiacu and Bill Trott)

FIRES AND EXPLOSIONS

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

Texas fires coming under control, schools reopen
By Jim Forsyth SAN ANTONIO | Tue Sep 13, 2011 10:19am EDT

(Reuters) - As armies of firefighters descend on Texas to fight back massive brush fires that have destroyed more than 1,500 homes in the past week, the sensitive work of helping the victims deal with loss is swinging into high gear.Local schools reopened on Monday after being shuttered since the fire broke out Labor Day weekend, and every one of the 5,000 residents who were displaced by the record-breaking fire burning southeast of Austin should be able to see their property by Wednesday.The Bastrop County Complex Fire is about 60 percent contained, Bill Paxton of the Texas Forest Service told Reuters on Monday.We're making progress, but we are still not out of the woods until we get significant precipitation, Paxton said.Some 1,554 homes are confirmed to have been destroyed by the Bastrop fire -- the worst fire in terms of property loss in Texas history -- and two people are confirmed dead.

Firefighting resources across the state have been stretched in recent weeks by more than 200 fires that have flared up since the beginning of the month.Paxton said calmer winds and higher humidity helped them get a handle on all the fires, including a blaze outside Houston that has destroyed nearly 60 homes.But with more than 3,000 firefighters battling these blazes across the state crews have been able to put specialized resources where they'll do the most good, he said.For instance, if they want a hand crew of twenty people, now they can order up a hand crew, he said, referring to the workers who use hand tools to build firelines that help contain the blazes. And they can be assured that all of them will be firefighter qualified.In Bastrop, hope ran high that no more fatalities would be found, as County Judge Ronnie McDonald said search and rescue operations in the burned-out area have been completed.Of 22 people listed as unaccounted for on Sunday, McDonald said the whereabouts of all but two have been confirmed. He said he's confident that the other two are safe and have just not checked in with authorities.One major step toward getting life back on track was the reopening of schools that were being used as shelters, and as staging points for firefighters.But school busses were stopping today not at the familiar homes and street corners, but at area motels that hundreds of students now call home.The Bus Route List posted by the Bastrop School District now lists times for student pick up and drop off at the Super Eight, the Best Western, and the Holiday Inn.Dr. Raymond Edge, pastor of the First Baptist Church in Bastrop, said his ministry now involves giving hope to people who have no hope whatsoever.

People come in, and they say to me, Oh, Lord, why has this happened to me? Edge said. I respond, He has a reason for doing it. Do we know what that reason is? Absolutely not.Edge said it's tough trying to provide comfort for so many people who have lost so much.We need to be reminded that God will bring beauty out of ashes, he said.(Edited by Karen Brooks and Greg McCune)

Asian markets fall amid European debt fears
APBy KELLY OLSEN - AP Business Writer | AP – SEPT 14,11

SEOUL, South Korea (AP) — Asian stock markets fell Wednesday despite gains on Wall Street and in Europe the day before as simmering worries over Europe's debt crisis cast a pall over trading.Japan's Nikkei 225 index, Asia's largest stock market, extended earlier losses to fall 1.1 percent to 8,524.12, while Hong Kong's Hang Seng declined 1.3 percent to 18,775.39.Markets have been going through wild swings amid worries over whether Greece may default, a development that could reverberate through other troubled European economies such as Italy's as well as damage the region's banking system.Investors in Europe and the U.S. took a measure of relief, however, after signs Tuesday that European leaders would do what it takes to avoid such a scenario.German Chancellor Angela Merkel indicated the debt-ridden country was making progress in meeting the demands of international creditors. Her comments came ahead of a teleconference Wednesday with French President Nicolas Sarkozy and Greek Prime Minister George Papandreou.Asian investors, however, remained cautious about the outlook for any marked improvement in Europe's sovereign debt woes.

There is no signal to show the crisis will end, said Castor Pang, Hong Kong-based head of research at Core Pacific-Yamaichi, a Taiwan brokerage. That's why most of the investors are becoming more and more pessimistic.Mainland China's Shanghai Composite Index fell 0.5 percent to 2,458.42.Property shares were hurt as investors continued to fret over possible credit tightening by China's central bank to counter inflation, which is hovering near three-year highs.Hong Kong-listed China Overseas Land & Investment tumbled 7.7 percent while China Resources Land Ltd. fell 6.2 percent.South Korea's Kospi was the region's biggest loser, declining 2.7 percent to 1,764.04 as movements were magnified after a two-day holiday. Samsung Electronics Co. slid 3.2 percent. Hyundai Heavy Industries Co. plunged 4.3 percent.Markets in Australia and New Zealand also fell. Benchmarks in Malaysia, Vietnam and Bangladesh bucked the negative trend.In New York, the Dow Jones industrial average rose 0.4 percent to close at 11,105.85 on Tuesday. The Standard & Poor's 500 index gained 0.9 percent to 1,172.87. The technology-focused Nasdaq composite index rose 1.5 percent to 2,532.15.Europe's main bourses also rose Tuesday.In currencies, the dollar weakened Wednesday to 76.86 yen from 76.94 yen late in New York on Tuesday. The euro fell to $1.3633 from $1.3693.Oil prices fell below $89 a barrel Wednesday in Asia after a U.S. crude supply report showed mixed signs about consumer demand.Benchmark oil for October delivery was down $1.44 to $88.77 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $2.02 to end at $90.21 per barrel on the Nymex on Tuesday.In London, Brent crude for October delivery was down 60 cents at $111.29 on the ICE Futures exchange.

Global stocks fall as euro crisis saps confidence
ReutersBy Alex Richardson | Reuters – SEPT 14,11

SINGAPORE (Reuters) - Asian stocks, U.S. index futures and the euro fell on Wednesday as investors remained unconvinced that euro zone leaders have a coherent plan to tackle the bloc's sovereign debt problems, which many fear could trigger a new banking crisis.Global markets have been roiled since the end of July by the twin fears of renewed recession in the United States and Europe's protracted debt woes, which have seen Greece, Ireland and Portugal forced to take bailouts and piled bond market pressure on Italy and Spain.Some of the European banks may have to recapitalize their balance sheets with government assistance. It's creating a lot of nervousness and uncertainty, said Simon Bonouvrie, portfolio manager at Platypus Asset Management in Sydney.Oil eased after the International Energy Agency revised down its forecast for growth in consumption due to the struggling global economy.

Underlining the brittle state of confidence in global markets, the dollar rose and the yield on 10-year Japanese government bonds (JGBs) fell below 1 percent as demand for assets perceived as safe havens remained high.Japan's Nikkei share average <.N225> fell 1 percent, while MSCI's broadest index of Asia Pacific shares outside Japan <.MIAPJ0000PUS> dropped 2.3 percent. <.T>The MSCI index is now nearly 22 percent below its 2011 high reached in April. A decline of 20 percent or more is the rule-of-thumb definition of a bear market.U.S. index futures traded in Asia fell 1.1 percent.Wall Street stocks had risen on Tuesday, with the S&P 500 <.SPX> up 0.9 percent, amid hopes that European leaders would take action soon to ease the two-year-old debt crisis. <.N>Markets had been spooked in recent days by renewed talk among euro zone policymakers of an imminent default by Greece, prompted by the country's failure to meet the fiscal goals set out in its European Union/IMF bailout.
Greek, German and French leaders were due to hold a conference call at 12 p.m. EDT on Wednesday.The conference call will at least calm nerves ... and may provide 24 hours of reprieve. That's about it, though, said Sean Callow, a senior currency strategist at Westpac in Sydney.

The euro slipped to around $1.3625 against the dollar, having jumped more than a cent in the previous session on news of the conference call. The single currency tumbled to a seven-month trough of $1.3499 earlier this week.Confidence in the euro zone was further dented on Tuesday when Italy, where lawmakers vote later on an austerity package at 1800 GMT, was forced to pay the highest interest rates since joining the euro in 1999 to sell 5-year bonds.Italy is a particular concern because, while Europe's bailout fund can cope with rescuing smaller, peripheral nations, it lacks the financial firepower to save the euro zone's third largest economy.Europe's woes drove investors to seek shelter in the dollar, which rose 0.5 percent against a basket of major currencies <.DXY>.

CREDIT FREEZE

The exposure of European banks to sovereign debt has raised fears of a freezing of credit markets in a re-run of the panic that gripped the financial sector after the collapse of Lehman Brothers in late 2008.Data from the Institute of International Finance this month showed European banks have 3 trillion euros invested in sovereign debt, or 8 percent of their total assets.In a measure of the alarm in Washington, Treasury Secretary Timothy Geithner will take the unprecedented step of attending a meeting of EU finance ministers in Poland on Friday.A Brazilian source told Reuters on Tuesday that the BRICS group of big emerging economies was in preliminary talks on increasing their holdings of euro-denominated bonds to help ease the euro zone crisis.Benchmark 10-year JGB futures gained 0.14 point to 142.71, with the 10-year yield easing 1 basis point to 0.990 percent.People are hesitant to sell bonds because they think it will be hard to solve the fundamental problems of the euro zone, said a trader at a Japanese bank.Reflecting the gloomy outlook for the developed world, the Asian Development Bank on Wednesday trimmed its 2011 and 2012 growth forecasts, while noting the region's emerging economies were showing resilience.Expectations of sagging growth hurt commodities that are dependent on industrial demand, as did the stronger dollar, which makes assets priced in the U.S. currency more expensive for holders of other currencies.U.S. crude oil fell 1.5 percent to $88.85 a barrel, while Brent crude eased 0.6 percent to $111.27. Copper weakened 1 percent to $8,686.50 a tonne.Gold eased 0.2 percent to around $1,830 an ounce.(Editing by Ed lane)

China urges U.S. not to resort to protectionism
ReutersBy Chris Buckley | Reuters – SEPT 14,11

BEIJING (Reuters) - China's Foreign Ministry urged U.S. lawmakers on Wednesday not to resort to excuses for trade protectionism after the U.S. Senate Democratic Leader Harry Reid pushed for legislation aimed at forcing China to loosen controls on its currency.I want to stress that protecting the stable and healthy development of Sino-U.S. economic and trade relations is in keeping with the interests of both sides, Ministry spokeswoman Jiang Yu told a regular news briefing.Reid's renewed drive for a yuan currency bill reflects the belief of many lawmakers that the United States' huge trade deficit with China, which hit a record $273 billion in 2010, reflects Beijing's currency exchange policies, which keep the yuan from rising in value against the dollar.(Reporting by Chris Buckley; Writing by Ben Blanchard; Editing by Ken Wills)

Fed set to give economy therapy, not shock treatment
ReutersBy Mark Felsenthal | Reuters – SEPT 14,11

WASHINGTON (Reuters) - The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.With one eye on escalating debt turmoil in Europe and another on a stubbornly high 9.1 percent U.S. unemployment rate, the Fed, whose policy panel meets next Tuesday and Wednesday, looks set to begin shifting the composition of its balance sheet to weight it more heavily with longer-term securities.Having taken short-term interest rates to near zero and bloated its balance sheet with bond purchases that topped $2 trillion, analysts say the U.S. central bank is looking for smaller-bore ways to increase its support, such as shifting its holdings away from shorter-term debt.That sends a signal the Fed is still active in supporting growth, said Michelle Meyer, an economist for Bank of America Merrill Lynch.A torrent of weak U.S. economic data has dashed hopes for a robust second half of the year after a disappointingly weak start, casting a shadow over the meeting.U.S. growth advanced by less than a 1 percent annual rate in the first half of 2011, and Fed officials have acknowledged a need to downgrade their forecasts.As prospects for a robust recovery crumbled over the summer, Fed Chairman Ben Bernanke announced in late August that policymakers would expand their September meeting from one day to two. Officials will use the time to haggle over what, if any, action to take to prop up the recovery.

DETERIORATING OUTLOOK

In the United States, a debt downgrade after a bruising political battle over raising the nation's borrowing limit has chilled business and consumer confidence. Employers added no jobs on net in August, a blow to hopes for an upswing in hiring.
At the same time, Europe's debt crisis has intensified, pressuring European banks and scaring investors away from risk around the world. U.S. President Barack Obama on Tuesday pressed the euro zone's major countries to take firmer control of the situation, and Treasury Secretary Timothy Geithner announced plans to attend a euro zone finance ministers' meeting in Wroclaw, Poland on Friday.Other central banks have had to shift their policy focus in response to the dimming outlook. The European Central Bank took no action last week after a series of rate hikes, while the central banks of Canada, South Korea and Indonesia, among others, opted against removing any policy stimulus.

NO, NO, NO

With storm clouds looming, Fed sentiment looks to have coalesced around some form of reshaping the Fed's $2.8 trillion balance sheet to hold more longer-term securities.
Officials hope the move will push down longer-term interest rates, helping encourage home refinancing and business spending. By lowering long-term yields on U.S. debt, the Fed may also push investors to seek higher returns by shifting to stocks or corporate bonds.Policymakers are likely to discuss some more extreme alternatives -- such as targeting desirable levels for employment or growth, or adopting a policy that would let them overshoot their inflation target -- but those options would likely be reserved in case the economic situation turns even more dire.However, Fed officials are sharply divided over the need for more action. Any easing, including the smaller step of reweighing the portfolio, is likely to draw three dissents, as did the Fed's August 9 decision to say it expected to hold interest rates ultra-low at least until the middle of 2013.While Bernanke would probably like to show the greatest possible Fed unity for any action, analysts do not see the prospect of dissents as an impediment to action.

TWIST OF FATE

The move to buy longer-dated government debt has a history: Operation Twist, which ran from 1960 to 1965. That program was an effort to both tackle a recession and shrink a lingering trade deficit but was not an effort to expand monetary policy.Fed officials will have to decide how bold they will be with Twist II. A modest approach would be for the Fed to simply replace maturing securities with longer-term ones. An alternative approach would have the Fed actively selling short-term securities to buy longer-dated debt.Because the roll-off of assets from the Fed's balance sheet is variable and depends on mortgage markets, some analysts think the Fed will opt for sales and purchases to provide regularity and predictability.They would want to announce a specific schedule, said Alan Levenson, chief economist for T. Rowe Price.
The more dramatic step of buying more bonds outright, while likely to be criticized for risking inflation, cannot be ruled out entirely either.You wouldn't want to do that until you're so desperate you need to do something big, said Eric Green of TD Securities. A full-blown debt default crisis in Europe might be just such a catalyst, he said.(Editing by James Dalgleish)