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 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.
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.
Berlusconi: Bring Israel into the EU By Aron Heller, Associated Press Writer – FEB 1,10
JERUSALEM – Italian Prime Minister Silvio Berlusconi said Monday he hopes to bring Israel into the European Union, at the start of a three-day visit to the Jewish state.Berlusconi brought eight top ministers for a joint Cabinet meeting with their Israeli counterparts. Israeli Prime Minister Benjamin Netanyahu, Cabinet ministers and a military honor guard welcomed the Italian delegation.Under Berlusconi's leadership, Italy has become one of Israel's strongest allies in Europe. Berlusconi's efforts to strengthen ties with Israel followed decades of a pro-Arab tilt by previous Italian governments.At the same time, Italy also remains Iran's largest trading partner within the EU. Israel considers Iran to be its greatest threat, accusing it of trying to develop a nuclear weapon.Iran insists that its nuclear program is peaceful, but its president has repeatedly referred to Israel's eventual destruction.Italy says it will act responsibly if new sanctions are imposed on Iran despite the vast interests of Italian companies there. Italy has indicated that halting Iranian nuclear ambitions will take precedence over commercial considerations.Speaking on arrival in Israel, Berlusconi told Netanyahu that my greatest desire, as long as I am a protagonist in politics, is to bring Israel into membership of the European Union.Israel has close trade ties with the EU but is not pressing to join the bloc.
The European Commission was unavailable for comment about Israel's possible inclusion into union.The EU has had a tricky relationship with prospective members around the Mediterranean in the past. It turned down Morocco as a candidate in 1987, saying it was not European, and has stalled negotiations with Turkey for 23 years.
Some EU nations, such as France, firmly oppose Turkey's membership on the grounds that it is also not European.Netanyahu embraced his guest warmly, calling his arrival a historic visit.Not every day do we get the privilege to host one of Israel's greatest friends, a brave leader who is a great fighter for freedom and an enthusiastic supporter of peace, Netanyahu said of Berlusconi.Netanyahu said the sides expected to sign a series of agreements during the visit, on subjects including energy, the environment and health. He also spoke of the historic common bond between the two nations.I can think of very few nations who have made such a contribution to Western culture as our two nations. In Rome and Jerusalem, the foundations for Western culture were laid,he said.Berlusconi echoed the same theme, expressing his pride of the Judeo-Christian culture that formed the base of Western civilization.Berlusconi's three-day visit is his first overseas since an assailant attacked him in Milan in December and broke his nose and two teeth. His schedule includes a stop at Israel's Holocaust memorial, meetings with leaders and the joint Cabinet session.Berlusconi said the next joint session will take place in Italy.
Associated Press Writer Aoife White contributed to this report from Brussels.
EARTH DESTROYED WITH THE EARTH
GENESIS 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.(WORLD TERRORISM,MURDERS)(HAMAS IN HEBREW IS VIOLENCE)
12 And God looked upon the earth, and, behold, it was corrupt; for all flesh had corrupted his way upon the earth.
13 And God said unto Noah, The end of all flesh is come before me; for the earth is filled with violence (TERRORISM)(HAMAS) through them; and, behold, I will destroy them with the earth.
EARTHQUAKES
MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.
LUKE 21:11
11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.
US,UK,CHINA INVESTIGATION INTRIGUE
http://www.israelnationalnews.com/Radio/News.aspx/1890
THE HEBREW LANGUAGE
http://www.israelnationalnews.com/Radio/News.aspx/1889
BIBLE PREDICTS HAITI QUAKE,DISEASE,DEATH.(YOU NEVER HAD TO TELL ME THAT)I KNEW IT.
http://www.israelnationalnews.com/Radio/News.aspx/1892
US military resumes medical airlifts from Haiti By JENNIFER KAY, Associated Press Writer – FEB 1,10
MIAMI – The U.S. military has resumed the airlifts that brought hundreds of Haitian earthquake victims to hospitals in the United States, ending a four-day suspension, a military spokesman said Monday.U.S. Army Col. Gregory Kane in the Haitian capital of Port-au-Prince said that a medical evacuation flight left Haiti for the United States on Sunday night, though he gave no details.The White House said earlier that a suspension imposed on Wednesday was being lifted because it has been assured that there is space for the patients at U.S. and foreign hospitals.White House spokesman Tommy Vietor said in a statement late Sunday that the White House received assurances that additional medical capacity exists in the U.S. and among its international partners for the patients.We determined that we can resume these critical flights,Vietor said.Patients are being identified for transfer, doctors are making sure that it is safe for them to fly, and we are preparing specific in-flight pediatric care aboard the aircraft where needed.Exactly what led to the suspension on Wednesday of medical evacuation flights was unclear, though military officials have said some states refused to take patients.
Officials in Florida, one of the main destinations for military flights leaving Haiti, say no patients were ever turned away. However, the suspension took effect after Florida Gov. Charlie Crist sent a letter Tuesday to Health and Human Services Secretary Kathleen Sebelius saying the state's hospitals were reaching a saturation point.The letter also asked for federal help paying for patient expenses — a request Crist on Sunday said could have been misinterpreted. He also said federal officials have indicated he would receive help covering the costs, totaling more than $7 million.Other flights have continued to carry U.S. citizens and other mostly non-injured passengers. Military planes carrying 700 U.S. citizens, legal residents and other foreign nationals landed in central Florida over the weekend, and three of those people required medical care at hospitals, state officials said. However, Florida had not received any critical patients needing urgent care since the halt, said Sterling Ivey, the governor's spokesman.We're welcoming Haitians with open arms and probably done more than any other state and are happy to continue to do so, Crist told ABC News' Good Morning America on Sunday.Col. Rick Kaiser said Sunday that the U.S. Army Corps of Engineers has been asked to build a 250-bed tent hospital in Haiti to relieve pressure on locations where earthquake victims are being treated under tarpaulins.
Several hospitals in Port-au-Prince were damaged or destroyed in the Jan. 12 earthquake.U.S. Ambassador to Haiti Kenneth Merten said about 435 earthquake victims had been evacuated before the suspension.Individual hospitals were still able to arrange private medical flights — such as one Sunday that brought three critically ill children to hospitals in Philadelphia.The Children's Hospital of Philadelphia said the trio arrived Sunday afternoon. One is a 5-year-old girl with tetanus, the second, a 14-month-old boy with pneumonia. The third, a baby suffering from severe burns from sun exposure after the quake, was transferred to another area hospital.
Doctors have said the makeshift facilities in Haiti aren't equipped to treat such critical conditions and warn that patients in similar condition could die if they aren't treated in U.S. hospitals.
Haitian medical evacuation flights, schools resume By PAISLEY DODDS, Associated Press Writer – FEB 1,10
PORT-AU-PRINCE, Haiti – The U.S. military has resumed urgent medical evacuation flights for Haitian quake victims, an official announced Monday, and life for survivors took a step toward normalcy as many schools reopened for the first time since an earthquake devastated the nation.U.S. Army Col. Gregory Kane said a medical evacuation flight left Haiti for the United States Sunday night, almost five days after the flights were suspended by squabbling over space and health costs at American public hospitals.They have resumed,Kane said. He said he had no details.
The U.S. military had another plane ready to go Monday with a capacity for 15 patients, said the chief medical officer at the University of Miami field hospital in Haiti, Dr. Mike Sheehan.We have a list of seven people who would probably die within 48 hours if they don't get out of here,he told The Associated Press.The White House said it was resuming the military airlift of critically injured earthquake victims after being assured that additional medical capacity exists in U.S. hospitals. The halt of flights on Wednesday worried doctors in Haiti who said hundreds could die without specialized care.Many public schools reopened Monday for the first time since the Jan. 12 earthquake, but most were still closed even in outlying provinces where damage was minimal. And in the capital, schoolchildren will likely be on the streets for months, government officials warned.The government said Monday it expected most provincial schools to reopen by Feb. 8 — instead of on Monday as anticipated by many families.Anne Rose Bouget, a primary school teacher in the southwestern city of Les Cayes, said schools reopened there with more students than usual because some 300,000 people, including many schoolchildren, fled Port-au-Prince after the quake.Also Monday, Haitian officials were trying to determine what to do with 10 U.S. Baptists who were arrested on Friday for trying to take 33 children out of the country without permission from the government.
The church members, most from Idaho, said they were just trying to rescue orphaned victims of the quake, but their action came at a moment of rising concern that quickie adoptions could permanently separate Haitian children from their parents, or expose them to exploitation.Haiti's communications minister said the government was in talks with U.S. diplomats about sending the Baptists to the U.S. for prosecution because Haiti's court system was crippled by the quake.Most of Haiti's schools are damaged or destroyed. Many teachers are dead. And the students in starched uniforms and blue hair ribbons who were visions of hope and innocence in Haiti's capital now often live in squalid camps, their dreams and city shattered.With everything that has already happened in the past few years — the floods, hurricanes, unrest — these children cannot afford to lose more time outside school, said Berdadel Perkington, 40, a teacher giving an impromptu math lesson to a group of children outside the collapsed National Palace.The children are in shock and they are traumatized, said Marie-Laurence Jocelin Lassegue, minister of culture and communications.Some of them have lost their friends, their parents. It's like the end of the world for some of them.Kent Page, a spokesman for the U.N. children's agency UNICEF, children need to get back to class so they have a sense of normalcy.None of us like being out of school,said Ludmia Exiloud, 14, who was walking with a group of her friends at dawn on Monday, when they usually are headed to class.We miss our studies. There's nothing to do.But schools — reopening them, re-staffing them, restocking them,relocating them — are just one of many urgent priorities here. The Ministry of Education — its own building destroyed — is still assessing damage. In the long term, UNICEF hopes to boost overall school enrollment. Child welfare groups say just over half of all school-age children in Haiti don't attend school, though even the poorest of Haitian families try to send at least one child to class — hoping they will someday earn enough to support extended family.
For some, though, the quake robbed them of any hope. They've cut off my leg, said Billie Flon, 9, a quake amputee who stoically explained that he now needs to beg for money in Petionville, a hilly suburb of Port-au-Prince, to help his family because its house was destroyed. He said he can't think about returning to school now.
Another young boy who had his leg amputated after the earthquake begged on an adjacent corner.In the camps for earthquake victims, some children try in vain to keep up with their studies. I'm reading when I can, but the conditions are very bad so sometimes I read cartoons instead of my school books,said Erika Desire, a 13-year-old whose school was destroyed and who lives in a camp with her mother and sisters.I want to be a medical technician, but now it's going to take me more time.During her short life, she estimates she's lost about a year's worth of school — four months in 2004 when rebels ousted President Jean-Bertrand Aristide, another month in 2005 because of sickness, two months in 2006 because of tropical storms and three months in floods last year.
The earthquake will force her to lose at least two months more.
High school senior Graham Fleuran, meanwhile, said he is eager to take Senegal up on its offer to relocate. Senegal's president, Abdoulaye Wade, offered free land to Haitians wishing to return to their African origins. Many of the slaves brought to Haiti came from West Africa. Practical details of how the plan would work have yet to be released. My mother died in the earthquake and my father is still missing, said Fleuran, who spoke in precise English and carried a backpack of school books — his only possessions. Leaving Haiti may give me the best opportunity to get back to my studies. I dream of becoming a lawyer.Associated Press Writer Ben Fox contributed to this report from Port-au-Prince.
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.
Snow storm that covered South heads off to sea By MICHAEL FELBERBAUM, Associated Press Writer – Sun Jan 31, 12:38 am ET
RICHMOND, Va. – A winter storm that crossed in a nearly straight line dumping snow, sleet and ice this week from northern Texas to Washington was heading off the Atlantic coast early Sunday.More than 5 inches of dry, fluffy snow was reported in Washington but it was finishing up by late Saturday night, National Weather Service forecaster Matthew Kramar said.The storm left a wake of damage beginning in northern Texas and Oklahoma, where snow and ice shut down interstates and snapped power lines to thousands of customers.It left roads icy and snowpacked across the South, and thousands were without power as ice accumulated. Although police said they had to clear hundreds of wrecks overnight, there were no deaths or serious injuries reported.A central Tennessee woman was killed when a tree weighed down with ice crashed into her mobile home early Saturday, Maury County officials said. In southern Maryland, one person was found dead after a house fire in Accokeek that firefighters said they had a hard time getting to because of the snow. Prince George's County fire department spokesman Mark Brady said the winter storm and snowfall made driving conditions hazardous.
In northern Virginia, the weather caused several multi-vehicle crashes along Interstate 81 in Shenandoah County, Virginia State Police said. Four people were hospitalized with non-life threatening injuries.The weather also cut short a farewell celebration Saturday at the National Zoo in Washington for young panda Tai Shan, who will be flown to China on Thursday to become part of a breeding program.In Smyrna, Tenn., southeast of Nashville, a high school bowling tournament was postponed after snow and ice caused the roof to collapse at the bowling alley where it was to be held, according to the Tennessee Secondary School Athletic Association.
Will O'Halloran, publisher of City Social Magazine in Baton Rouge, La., got caught in the storm in both directions of his monthly trip to pick up the publication from a printer outside Louisville, Ky. At one point he thought his headlights were broken, only to find they were covered in ice.People are crazy out there, O'Halloran, 49, said over breakfast at a McDonald's outside Nashville. Cars spinning, trailers jackknifed. I just tried to keep it at 40 mph and move along.North Carolina Gov. Beverly Perdue declared a state of emergency as some mountain areas got more than a foot of snow throughout the day Saturday. More than a dozen emergency shelters opened across the state, Perdue said.Associated Press writers Erik Schelzig in Nashville, Tenn., Joyce Garcia in Chicago and Meg Kinnard in Columbia, S.C., contributed to this report.
Bolivia declares national emergency after heavy rains
Fri Jan 29, 6:24 pm ET
LA PAZ (AFP) – The Bolivian government declared a national emergency Friday in response to heavy rains and flooding that have killed at least 10 people and affected some 22,000 families nationwide in recent weeks.The declaration will allow the government to more quickly deliver aid to the five of the country's nine regions that have been affected by the flooding.We are declaring a national emergency across Bolivia in response to the effects of flooding, hailstorms, landslides and rivers breaking their banks,said a decree from President Evo Morales and his cabinet.
Flooding has so far been worst in the Santa Cruz region, but the government has expressed concern that the Beni region, where Bolivia's major rivers converge, could be seriously affected.Beni's capital Trinidad, home to some 120,000 people, was on alert Friday as the water level rose within inches of breaching nearby dams.Bolivia's National Meteorology and Hydrology Service has forecast that the heavy rains will continue through February.
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) 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).
Obama to skip EU-US summit in Madrid
VALENTINA POP Today FEB 1,10 @ 09:52 CET
EUOBSERVER / BRUSSELS – US President Barack Obama is likely to skip this year's EU-US summit to be held by the Spanish presidency in Madrid, as he is focusing more on the domestic agenda, according to press reports.The White House has decided that Mr Obama will not attend the summit with the European Union in May, according to the Wall Street Journal, citing unnamed US officials. Last year, Mr Obama went to Europe six times, as he set about establishing relations with world leaders. Now that those relationships are in place,so the demands are somewhat different, a senior administration official told the US paper. Among the visits was also an informal EU-US summit in Prague, hosted by the then Czech EU presidency. The regular bilateral summit with European officials took place on 3 November last year. Mr Obama devoted three hours to the meeting itself and sent vice-president Joe Biden to have lunch with the EU officials.Mr Obama had never committed to, nor planned for an EU summit this spring. So we have not changed plans,the source told Wall Street Journal.
A meeting with European leaders is however planned for later this fall, during the Nato summit in Lisbon. Mr Obama may also travel to Europe to sign a nuclear disarmament treaty if an agreement is reached with Russia.A spokeswoman for the US mission to the EU could neither confirm or deny the information. US-EU summits have been held once or twice a year since 1991, with the venue usually alternating between the continents. This year, after the EU's new legal framework came into force, there was some added confusion over who would have the competence to host it and in which location – Brussels or Madrid, which currently holds the rotating presidency. Another US official told the Wall Street Journal that this confusion has increased US hesitance to commit to the meeting.We don't even know if they're going to have one [a summit], said the official.We've told them:Figure it out and let us know.On the European side, reactions to the possible no-show by Mr Obama have been hesitant. The EU-US summit is scheduled to take place in May in Madrid, as was foreseen and we are still preparing it,Cristina Gallach, the Spanish EU presidency's spokeswoman told this website. As to the possibility that Mr Obama may not attend the event, she said: The final agendas of high level people are usually disclosed at the last minute.Ms Gallach confirmed that Mr Zapatero will see Mr Obama this week however. The Spanish leader is due to travel to Washington this week and participate in the national prayer breakfast on 4 February, a yearly event with over 3,000 guests from 120 countries where the US president is the keynote speaker. Spanish press has previously speculated that Mr Zapatero may use the occasion to make the case for the US president attending the Madrid summit.Despite reassuring gestures mainly coming from US vice-president Joe Biden and secretary of state Hillary Clinton, the Obama administration has been focusing less on Europe than its leaders expected.In his first State of the Union speech last week, Mr Obama made only one reference to Europe, when speaking about the stimulus package, as one of its projects focuses on high-speed railways.There's no reason Europe or China should have the fastest trains, or the new factories that manufacture clean energy products,Mr Obama said.In a speech held in Paris last Friday, Ms Clinton however rejected the idea that the Obama administration is so focused on foreign policy challenges elsewhere in the world that Europe has receded in our list of priorities.
Germany says Greece has its full support
ANDREW WILLIS Today FEB 1,10 @ 09:29 CET
German foreign minister Guido Westerwelle has thrown his country's full support behind Greece, as the southeastern EU member state continues to battle its ongoing debt problem.Athens has the full support of Germany and all other European Union member states on the issue,said Mr Westerwelle in an interview with Greek daily Kathimerini on Sunday (31 January).Mr Westerwelle is scheduled to travel to Athens on Tuesday for talks with Greek Prime Minister George Papandreou and finance minister George Papaconstantinou.The public pronouncements are the latest in a complex game being played by senior European politicians as they seek to both calm financial markets but also maintain pressure on the Greek administration to put its public finances in order.Investors have grown increasingly jumpy over the possibility of the Greek government defaulting on its debt obligations, with the yield on Greek 10-year bonds last week hitting its highest level since the country joined the eurozone in 2001.This has greatly pushed up the cost of money, with the government seeking to borrow around €54 billion this year.
Bilateral rescue?
On Saturday German economy minister Rainer Bruederle ruled out the possibility of a rescue for Greece. I don't think that a bailout is the right way because German and French taxpayers can't pay for Greece, Mr Bruederle said in a interview on the sidelines of the World Economic Forum in Davos, Switzerland. Maybe they will give certain help, but first it's for the Greeks to solve their problems, he added, refusing to go into details. Speculation that Germany and France would come to the aid of Greece increased last week after an article in the French daily Le Monde said the two countries were exploring the possibilities of providing bilateral loans, subsequently denied by both governments. EU officials say there are no formal talks regarding a potential Greek bailout taking place within the bloc's institutions, but privately admit informal discussions are ongoing in a number of capitals.A no bailout clause was placed at the heart of the 1991/92 Maastricht treaty setting up a European monetary union, largely at German insistence, with the aim of preventing the budgetary problems of one country spilling over and damaging the credit rating of the group as a whole.Under Article 122 of the Lisbon Treaty however, any member state seriously threatened with severe difficulties caused by natural disasters or exceptional occurrences beyond its control could receive financial assistance from other EU members.A number of senior EU politicians have made apparent references to the clause, with the recent financial crisis likely to qualify as an exceptional occurrence.
Any financial support for Greece is likely to come with conditions however, with the European Commission set to tell the country's administration this Wednesday to cut public sector wages and improve tax collection, according to a draft opinion seen by the Financial Times.While the EU frets over how and when to provide support to euro area members such as Greece, several non-eurozone EU states have obtained funds from the bloc's balance of payments assistance facility.Latvia, Hungary and Romania have all received EU/IMF-led loans.
European Commission to back Greek deficit-cutting plan
ANDREW WILLIS Today FEB 1,10 @ 17:25 CET
EUOBSERVER / BRUSSELS - The European Commission is set to back Greek government plans to rein in public spending when the full college of 27 commissioners meets this Wednesday (3 February). In comments made to Reuters on Monday morning, and subsequently confirmed at a new conference in Brussels, EU economic and monetary affairs commissioner Joaquin Almunia said the Greek spending cuts are achievable but are also surrounded by risks. What we are saying to the Greek authorities is: your stability programme has established ambitious targets and objectives and we fully endorse these ambitious objectives,Mr Almunia told the news agency. We consider that the achievement of these objectives in the coming three years, before the end of 2012, is absolutely necessary. These objectives are achievable but they are surrounded by risks,he added.Last month, Greece's centre-lef Pasok administration submitted a plan to the commission outlining the measures it intends to take in order to bring the country's deficit below three percent by the 2012.The three percent threshold is a cornerstone under the EU's Stability and Growth Pact - a set of macro-economic rules that also limit national debt levels to 60 percent of GDP.
Greece's deficit reached 12.7 percent last year, but the barrier was also exceeded by 19 other member states as stimulus spending, rising unemployment payments and falling tax receipts took their toll on national coffers. As part of Wednesday's communiqué, the commission will also outline a tougher monitoring programme and a list of corrective measures in case Greece fails to meet its programme of budget cuts. We will not accept slippages on the path to the targets, said Mr Almunia. Every time we see slippages, because some risks materialise, we will ask for additional measures to correct these slippages.EU finance ministers are set to adopt the commission recommendations at their regular monthly meeting on the 15-16 February. Greece will subsequently have to submit its first report on the implementation of the steps by 16 March, and at three-month intervals thereafter.
Russian protest inspired by EU neighbours
ANDREW RETTMAN Today FEB 1,10 @ 09:29 CET
The leader of the largest anti-government protest in Russia for almost a decade has said that his region's proximity to EU countries is producing an appetite for political change.Between 7,000 and 12,000 people held a rally in Kaliningrad on Saturday (30 January) in a demonstration that had initially targeted local tax hikes but which ended in calls for more democracy and for Russian Prime Minister Vladimir Putin to resign.We don't get our knowledge about the world here from state television, like people in provincial Russia, but from what we see when we visit our neighbours,the protest organiser, Maksim Dorosiok, told Polish daily Gazeta Wyborcza. We see that in neighbouring Poland, where they brought in reforms, where there is democracy, it's cheaper, people earn more, civic bodies function better. Why should we be any worse? Our region is the most European in the whole [Russian] federation because we know Europe and we know how to fight for our rights.Mr Dorosiok, a 40-year-old electrician and a senior figure in the Solidarnost movement (Russian for Solidarity,named after the Polish Solidarnosc trade union), highlighted the parallels between himself and Lech Walesa, a shipyard worker from Gdansk in Poland who in the 1980s led Solidarnosc in opposition against his country's Communist regime.There is a different spirit at rule here. There is a wind blowing from your Gdansk,he told the Polish paper.
The weekend protest in the Kalinigrad exclave, a piece of Russian territory sandwiched between Poland, Lithuania and the Baltic Sea, was the largest anti-government demonstration in the country since 2001.The province, which is home to around 1 million people and a large military base, has been touted by Moscow as a model for potential EU-Russia integration, but suffers from poor living standards and high levels of tuberculosis and HIV.Mr Putin in 2005 abolished elections for the post of governor and installed a loyalist - lighting components millionaire Georgy Boos - to rule Kaliningrad, amid fears that the region was drifting away from central control.Small-scale anti-government protests also took place across Russia over the weekend, with gaggles of demonstrators in Moscow, St Petersburg and Vladivostock also calling for reforms.The main rally, in Moscow, saw police detain 100 out of the 300 or so protestors, newswires report, with senior opposition leader, Boris Nemstov, among those placed under arrest.
WORLD GOVERNMENT
http://www.youtube.com/watch?v=nnq5cQMiAB8&feature=related
http://britanniaradio.blogspot.com/2009/07/we-are-already-under-global-government.html#links
DICK MORRIS-This truly creates a global economic system. From now on, don’t look to Washington for the rule making, look to Brussels.
EPHESIANS 6:10-13
10 Finally, my brethren, be strong in the Lord, and in the power of his might.
11 Put on the whole armour of God, that ye may be able to stand against the wiles of the devil.
12 For we wrestle not against flesh and blood, but against principalities,(DEMONIC ANGELS IN HIGH PLACES) against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.(SPIRTIUAL DEMONIC PERSONS)
13 Wherefore take unto you the whole armour of God, that ye may be able to withstand in the evil day, and having done all, to stand.
LUKE 4:5-7(BECAUSE SATAN OFFERS WORLD POWER, WORLD ORDERERS HAVE ACCEPTED SATANS GIFT)
5 And the devil, taking him (JESUS) up into an high mountain, shewed unto him all the kingdoms of the world in a moment of time.
6 And the devil said unto him, All this power will I give thee, and the glory of them: for that is delivered unto me; and to whomsoever I will I give it.
7 If thou therefore wilt worship me, all shall be thine.
DANIEL 7:23-25
23 Thus he said, The fourth beast shall be the fourth kingdom upon earth, which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.
24 And the ten horns out of this kingdom are ten kings that shall arise: and another shall rise after them; and he shall be diverse from the first, and he shall subdue three kings.
25 And he shall speak great words against the most High, and shall wear out the saints of the most High, and think to change times and laws: and they shall be given into his hand until a time and times and the dividing of time.
DANIEL 12:4,1
4 But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased.
1 And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book.
REVELATION 13:1-3,7,8,12,16-18
1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.
2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.
3 And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.
7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.
8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.
12 And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed.
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
REVELATION 17:3,7,9-10,12,18
3 So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns.
7 And the angel said unto me, Wherefore didst thou marvel? I will tell thee the mystery of the woman, and of the beast that carrieth her, which hath the seven heads and ten horns.
9 And here is the mind which hath wisdom. The seven heads are seven mountains, on which the woman sitteth.
10 And there are seven kings: five are fallen, and one is, and the other is not yet come; and when he cometh, he must continue a short space.
12 And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
18 And the woman which thou sawest is that great city, which reigneth over the kings of the earth.
We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.James Paul Warburg appearing before the Senate on 7th February 1950
Like a famous WWII Belgian General,Paul Henry Spock said in 1957:We need no commission, we have already too many. What we need is a man who is great enough to be able to keep all the people in subjection to himself and to lift us out of the economic bog into which we threaten to sink. Send us such a man. Be he a god or a devil, we will accept him.And today, sadly, the world is indeed ready for such a man.
Fiorito: The cops came and took my gun-Published On Fri Jan 29 Columnist Joe Fiorito, dual shooter in the woods, circa 1976, armed with a camera and a single-barrel shotgun that is now in the custody of Toronto police.By Joe Fiorito City Columnist
A pounding at the door the other morning; my windows rattled. I was upstairs at work. I don't always leave my desk to hear the good news about Jehovah.The pounder was insistent. I went down, if only for the sake of the windows.Oh, jeeze, the cops.
Officers Firth and Kozar in attendance. What's up, boys? My preference was to talk to them through the plate glass door. They wanted to come inside.Not a chance.
I stepped onto the porch. Who wants two armed strangers in his house, and anyway it was a nice morning.Officer K. said, Are you aware of Project Safe City? I hate it when a guy answers a question with a question. Why do you want to know? Officer K. said,We have reason to believe you have a firearm.Oh, here we go again. The last time a representative of the city showed up at my door, she had reason to believe I had a cat. How did she know? The lady cat cop peered through the window at my curtains and said, Cat hair.I dislike being spied on.I also dislike armed men at the door. And then Officer K. mispronounced my name and asked if I still worked for this newspaper. Hmm. He'd clearly done some research on me, and I had none on him, nor was I sure why my place of employment was important. I asked Officer K. if he'd mind getting to the point. He thought I was being difficult. Not me. I am, however, uncomfortable playing 20 Questions in the morning with armed men on the porch.
The point? Officer K. reminded me that my firearms licence had expired. He said I could turn the gun over to them for storage, or they could take the gun and destroy it.My gun? It is a single-barrel .20 gauge shotgun. It is 40 years old. I used to take it into the woods up north to get partridge in the fall.The last time I used it, I was walking along a hydro cut when I surprised a deer in the long dry grass. She leapt away in slow motion, flanks rippling, nostrils flaring; too beautiful.
I haven't hunted since. I own no shells. But it's my gun, dammit. I guess, when the Feds began the long-gun registry, I should have lied and not bothered to register the damn thing.Officer K. pressed me about turning the gun over, there and then, for storage or destruction. For a brief moment I thought about handing it over, if only to get rid of him and his pal. And then it just seemed wrong: A couple of cops show up at my door, unannounced, and the talkative one says he has reason to believe, and I'm supposed to hand over my property just like that? I hate to write this. I know who's going to respond and how. Let me be clear: I am not one of those pry it out of my cold, dead hands guys. No one in the city but a copper ought to have a handgun. And so on.But I am a fellow who grew up in Northern Ontario and who was once the scourge of the clay pigeon, feared among the partridges. I told Officer K. I would not hand my gun over and he could take the next step, whatever that might be, and close the gate on the way out.Did I think they were aggressive? Yes. Was my response temperate? Not especially.An hour later Officers F. and K. showed up with their boss, Officer Nicolle. He was as angry as he was pushy and he said he wanted the gun or he'd come back with a search warrant.I was offered no options.
No one ever said, look, you have to renew your licence; we'll give you two weeks, here's the paperwork you need; and in two weeks, if you don't have the licence we'll have to ask you for the gun.In the absence of options, faced with a search warrant and outnumbered three to one, I said I'd get the damn shotgun. Officer N. got in my face then and said, using his outdoor voice, Don't you bring up any loaded firearms.
As if, copper.I presume my gun's in storage now. The receipt does not say where or for how long. Aren't you glad the city's safer? Joe Fiorito usually appears Monday, Wednesday and Friday.Email: jfiorito@thestar.ca
SINS OF PEOPLE
2 TIMOTHY 3:1-5
1 This know also, that in the last days perilous times shall come.
2 For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy,
3 Without natural affection, trucebreakers, false accusers, incontinent, fierce, despisers of those that are good,
4 Traitors, heady, highminded, lovers of pleasures more than lovers of God;
5 Having a form of godliness, but denying the power thereof: from such turn away.
6 For of this sort are they which creep into houses, and lead captive silly women laden with sins, led away with divers lusts,
7 Ever learning, and never able to come to the knowledge of the truth.
1 TIMOTHY 1:9
9 Knowing this, that the law is not made for a righteous man, but for the lawless and disobedient, for the ungodly and for sinners, for unholy and profane, for murderers of fathers and murderers of mothers, for manslayers,
10 For whoremongers, for them that defile themselves with mankind, for menstealers, for liars, for perjured persons, and if there be any other thing that is contrary to sound doctrine;
DECIEVERS WAXING WORSE AND WORSE.
2 TIMOTHY 3:13
13 But evil men and seducers shall wax worse and worse, deceiving, and being deceived.
MORE SIN SIGNS
EPHESIANS 5:5-8
5 For this ye know, that no whoremonger, nor unclean person, nor covetous man, who is an idolater, hath any inheritance in the kingdom of Christ and of God.
6 Let no man deceive you with vain words: for because of these things cometh the wrath of God upon the children of disobedience.
7 Be not ye therefore partakers with them.
8 For ye were sometimes darkness, but now are ye light in the Lord: walk as children of light:
1 Billion Dollar Pay Off To Taliban
Fascist Soup January 29, 2010
Al Jazeera is reporting what readers of this blog already know.Our criminal government funds and arms the insurgent movement in Afghanistan.
The US Constitution defines treason:Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort. No Person shall be convicted of Treason unless on the Testimony of two Witnesses to the same overt Act, or on Confession in open Court.
Our criminal government is proposing:…a plan is being considered to pay up to $1bn to Taliban fighters to persuade them to lay down their arms.In advance of an international conference in London to discuss Afghanistan’s future on Thursday, Japan, the United States and Britain are said to be leading the proposal.The scheme would offer cash, jobs and other incentives to the Taliban and fighters in other armed groups.The sum could be as much as between $500m and $1bn over the next five years, Al Jazeera’s James Bays, reporting from London, said.
Can any one tell me how this is not high treason?
I can actually taste the outrage in my mouth right now as I read this. Pretty much a first for me. The level of brazen hubris and open contempt for the American troops is absolutely stunning.Arming the insurgents and openly funding them by paying off supply routes just isn’t enough! We need a billion dollars in bribe money to ensure the war continues forever!
http://www.youtube.com/watch?v=r2e89jp1ykE&feature=player_embedded
http://www.youtube.com/watch?v=PPwPLLi8vto&feature=player_embedded
The Sharp Dressed Man Who Aided Mutallab Onto Flight 253 Was U.S. Government Agent -Kurt Haskell Infowars.com January 30, 2010
http://www.infowars.com/the-sharp-dressed-man-who-aided-mutallab-onto-flight-253-was-u-s-government-agent/
Please note that in the article that follows, I am not claiming that the U.S. Government knew Mutallab had a bomb or intended to hurt anyone on Flight 253 when the U.S. Government let him board.Umar Farouk Abulutallab.
Since our flight landed on Christmas Day, Lori and I have been doing everything in our power to uncover the truth about why we were almost blown up in the air over Detroit. The truth is now finally out after the publication of the following Detroit News article:http://detnews.com/article/20100127/NATION/1270405/Terror-suspect-kept-visa-to-avoid-tipping-off-larger-investigation
Let me quote from the article:Patrick F. Kennedy, an undersecretary for management at the State Department, said Abdulmutallab’s visa wasn’t taken away because intelligence officials asked his agency not to deny a visa to the suspected terrorist over concerns that a denial would’ve foiled a larger investigation into al-Qaida threats against the United States.Revocation action would’ve disclosed what they were doing, Kennedy said in testimony before the House Committee on Homeland Security. Allowing Adbulmutallab to keep the visa increased chances federal investigators would be able to get closer to apprehending the terror network he is accused of working with,rather than simply knocking out one solider in that effort.
Now it all becomes apparent. Let me detail everything we know about the Sharp Dressed Man(SDM).
1. While being held in Customs on Christmas Day, I first told the story of the SDM.
2. My story has never changed.
3. The FBI visited my office on December 29, 2009, and showed me a series of approximately 10 photographs. None were of the SDM. I asked the FBI if they brought the Amsterdam security video to help me identify the SDM, but they acted as though my request was ridiculous. The FBI asked me what accent the SDM spoke in and I indicated that he had an American accent similar to my own. I further indicated that he wore a tan suit without a tie, was Indian looking, around age 50, 6′0 tall and 250-260 lbs. I further indicated that I did not believe that he was an airline employee and that he was not on our flight.
4. During the first week of January, 2010, Dutch Military Police and the FBI indicated that over 200 Hours of Amsterdam airport security video had been reviewed and it Shows Nothing.
5. The mainstream media picked up the Shows nothing story, which slanders my story. After visiting my office twice for a flight 253 special, Dateline NBC and Chris Hanson indicated that my story was Unsubstantiated rumor dispelled as myth and our story did not air during the tv special.
6. On January 2, 2010, I receive a call from a flight 253 passenger who indicated to me that it may be in my best interest to stop talking publicly about the SDM because he believes I am wrong in what I saw. He did not make any claim that he saw the SDM boarding gate incident at all. This call was made out of the blue after he made a revelation of this event on January 1, 2010. I later discover that this caller has ties to the U.S. Government.
7. On January 20, 2009, current Director of the National Counterterrorism Center (NCTC), Michael E. Leiter, made a startling admission. Leiter indicated that:I will tell you, that when people come to the country and they are on the watch list, it is because we have generally made the choice that we want them here in the country for some reason or another.
8. On January 22, 2010, CongressDaily reported that intelligence officials have acknowledged the government knowingly allows foreigners whose names are on terrorist watch lists to enter the country in order to track their movement and activities.
CongressDaily also reported, citing an unnamed intelligence official that Michael E. Leiter’s statement on January 20, 2010, reflected government policy and told the publication, in certain situations it’s to our advantage to be able to track individuals who might be on a terrorist watch list because you can learn something from their activities and their contacts.
9. On Janury 22, 2009, ABC News published an article that shoed a change of position in the government’s official story. Please see the following blog post for more information:http://haskellfamily.blogspot.com/2010/01/initially-discounted.html
The U.S. government provided no explanation for the reason my story was initially discounted.
10. The SDM could not be from Al Qaeda. When speaking at the counter in Amsterdam, the SDM said the following He is from Sudan, we do this all the time. Who is we? If it is Al Qaeda, you surely don’t make such a statement to an airposrt security official.
11. The SDM could not be from airport security. The SDM did not dress in any secuirty uniform and did not appear to have any security badge. The SDM did not speak with a Dutch accent. The SDM dressed in a suit coat and pants. If the SDM was a higher up security official, he would not have to convince the ticket agent to let Mutallab on the plane without a valid passport. Instead, he would just order her to do it.
12. Could the SDM have been a U.S. Government official? He dressed in a suit and not a security uniform. Check. He indicated we do this all the time. Could we be the U.S. Government? Check. He spoke Enlish with an American accent. Check. Would he need to convice the ticket agent that this was a normal procedure to allow boarding without a passport? Check. Would he have the ability to obtain such clearance? Check. Could he enter this security area even though he wasn’t a passenger? Check. Would the ticket agent likely refer this request to a manager? Check. Would the U.S. Government not want this information public and try to hide it? Check.
13. The Amsterdam security video has not been released. A much more minor airport security violation occurred at the Newark New Jersay airport several days after the flight 253 incident. That video was released shortly thereafter.
14. Senators Levin and Stabenow, as well as Congressman Dingle, all refuse to discuss the matter with me.With the information we already knew and the admission from the above referenced Detroit News article, we have evidence and claims made by government officials that the U.S. Government wanted Mutallab to proceed into the U.S. in order to obtain information on other terrorists involved with him. Once we take this statement and add it to my eyewitness account of a Sharp Dressed Man escorting Mutallab through the boarding process and allowing him to baord without a valid passport we can make the connection that the Sharp Dressed Man was a U.S. Government offical/agent.
The reasoning behind the following events now becomes very clear:
1. The reason Mutallab got through security despite the numerous warnings for months before our flight.
2. The reason why there have been so many lies from the U.S. Governemnt attempting to discredit my eyewitness account.
3. The reason why the Amsterdam airport security video is being hidden from the public.
4. The reason why the government is proposing a Failed to Connect the Dots account of the failure. The truth is too damning.
5. The reason why Mr. Wolf of the Obama administration indicated on the Keith Olberman Show that the White House was investigating a possible intentional act from within the U.S. Government as the reason for the Christmas Day attack.
6. The explanation for the cameraman and why he hasn’t been identified (Obviously, he was another U.S. Government agent) whose job was to film Mutallab for some governmental purpose.
7. The reason for the lax security after landing, which can be attributed to foreknowledge of the possible suspects involved.
8. The reason for the failure to search or secure the plane and passengers after landing, which can also be attributed to foreknowledge of the possible suspects involved.
9. The corporate media’s attempt to bury my eyewitness account.
10. Carl Levin’s, Debbie Stabenow’s and John Dingle’s intentional avoidance of my story and failure to return my calls/emails.
11. Janet Naploitano’s statement that The System Worked. From her point of view it probably did as this WAS PART OF THE SYSTEM!
IDF to Remove Jesus Gun Codes by Tzvi Ben Gedalyahu
(IsraelNN.com) A Michigan company that supplies gun sights to Israel and other companies has agreed to provide a kit to remove the JN8:12 code, a reference to the New Testament passage of John 8:12 that Jesus is the light of the world. Another type of the company’s gun sights is stamped with 2COR4:6,a reference to part of the second letter of Paul to the Corinthians.The coded references are etched on the sights and are barely visible on the hundreds of thousands of rifles supplied to several countries around the world, including the United States and Israel. The IDF Rabbinate told Arutz Sheva that the codes do not violate Jewish law but that it is preferable to remove them because of the sensitivity regarding their appearance on weapons used by the army of the Jewish State.The IDF said it was unaware of the codes until the issue was raised in the United States. The coded gun sights appear on many Israeli rifles as well as 300,000 gun sights in the U.S. army and marines.
The guns with the coded gun sights have been termed Jesus rifles, and U.S. General David Petraeus, head of the American Central Command, called their appearance disturbing and said that they could create a perception that is absolutely contrary to what we have sought.Trijicon, founded by an evangelical Christian, announced it would be providing free kits for removing the coded references on the gun sights. The company stated, As part of our faith and our belief in service to our country, Trijicon has put Scripture references on our products for more than two decades. Trijicon has proudly served the US military for more than two decades, and our decision to offer to voluntarily remove these references is both prudent and appropriate.Americans have raised concerns that the sights violate a government ban on proselytizing troops. Australia and New Zealand have ordered their troops on the front lines to remove the codes, but British officials said they did not issue a similar order because it would have a detrimental effect on combat operations. The Council on American-Islamic Relations warned that the gun sights were a potential recruiting tool for anti-American forces.The codes never came into widespread notice until a former U.S. air force officer, Michael Weinstein, brought the issue to public attention. He operates the Military Religious Freedom Foundation.
Rev. Dr. C. Welton Gaddy, president of the Interfaith Alliance in New York, wrote U.S. President Barack Obama, Images of American soldiers as Christian crusaders come to mind when they are carrying weaponry bearing such verses. This incident simply adds to the perception that religion rather than national security is at the heart of our military’s presence abroad.
Everything that could go bad, did not By Krishna Guha in Washington Published: January 31 2010 19:59
Look back in anger: Hank Paulson is frustrated critics do not acknowledge the disasters averted by timely actions
EDITOR’S CHOICE
Clive Crook: America can square its fiscal circle - Jan-31.Paulson claims Russia tried to foment Fannie-Freddie crisis - Jan-29.Financial crisis inquiry - Jan-14..Hank Paulson feared there would be a run on the dollar during the early phase of the financial crisis when global concerns were focused on the US, the former Treasury secretary has told the Financial Times.
It was a real concern,Mr Paulson said in an interview ahead of the release on Monday of his memoir On the Brink. A dollar collapse would have been catastrophic, he said. Everything that could go bad did not go bad. We never had the big dislocation of the dollar.When the crisis escalated and went global with the failure of Lehman Brothers in September 2008, the dollar rallied – but Mr Paulson had to grapple with a firestorm of financial failures.He feared Goldman Sachs and Morgan Stanley would go down along with Washington Mutual and Wachovia.Excerpt from On the Brink, Saturday September 13 2008 (during the Lehman Brothers crisis weekend)I left the New York Fed before 9pm, optimistic about the prospects for a deal. The industry was doing its part to come up with funding, and I had reason to believe we would find a solution to Barclays’ need for a shareholder vote.
Anticipating another sleep-deprived night, I arrived back at the hotel exhausted. I went into the bathroom of my room and pulled out a bottle of sleeping pills I’d been given. As a Christian scientist, I don’t take medication, but that night I desperately needed rest.I stood under the harsh bathroom lights, staring at the small pill in the palm of my hand. Then I flushed it – and the contents of the entire bottle – down the toilet. I longed for a good night’s rest. For that, I decided, I would rely on prayer, placing my trust in a Higher Power...Lloyd Blankfein, Goldman Sachs chairman, told him that Goldman would be next if speculators succeeded in bringing down Morgan Stanley, the former Treasury secretary said. If they go, we’re next,Mr Blankfein told Mr Paulson, a former Goldman chairman who had recused himself from decisions relating to his former company.US officials explored the possibility of mergers between JPMorgan and Morgan Stanley, Goldman and Citigroup, or Goldman and Wachovia, before settling on turning Morgan Stanley and Goldman into banks with access to central bank loans.
Even then, Morgan Stanley was not safe until the US Treasury helped seal an investment by Japan’s Mitsubishi UFJ, Mr Paulson writes.The frenzied manoeuvring came in the three-week period between the failure of Lehman on September 15 2008, and Columbus Day weekend in early October, when the global financial system was on the verge of meltdown.Banks were going down like flies, Mr Paulson told the FT. As his book details, he was scrambling to secure Tarp bail-out funds from Congress.The timing could not have been worse since we were months or weeks from the election so you had the collision of markets and politics.Although a Republican, Mr Paulson found it harder to deal with John McCain than Barack Obama – raising the interesting (and unanswered) question of which candidate Mr Paulson voted for.Mr Paulson said that the turning point in the crisis came when – armed at last with Tarp equity – the US joined other Group of Seven nations to announce comprehensive interventions to guarantee bank funding and access to capital on October 10.Three days later, Mr Paulson pressured nine top US financial institutions into accepting $125bn (€90bn, £75bn) in Tarp capital. I do think it was the defining act,Mr Paulson said.
Mr Paulson said the US authorities lacked essential tools to deal with a crisis – above all a controlled bankruptcy regime for non-bank financial companies.He hopes his book conveys the pace at which things were moving and the number of decisions that had to be made in very short time frames.He said he was surprised by the vehemence of the public reaction against bail-outs. He told the FT there was a disconnect between the way policymakers saw their actions and the way the public perceived them.We knew, I knew that when the markets froze there was going to be a painful impact on the economy a number of weeks out.Mr Paulson is frustrated that people do not pay more attention to disasters averted by timely actions – including the move to seize control of Fannie Mae and Freddie Mac.Instead, most debate centres on the failure to stop Lehman from collapsing, and the decision to rescue insurance giant AIG. Critics say the Treasury should have deployed its sole pre-Tarp source of capital, the Exchange Stabilisation Fund, to backstop a rescue. However, Mr Paulson said Treasury lawyers had been through this during the Bear Stearns crisis six months earlier and concluded that it would not be lawful.Others fault top US officials for not doing a better job of preparing for a Lehman collapse.Mr Paulson said the US was taken by surprise by the UK bankruptcy administrator’s decision to seize hedge fund assets held by Lehman – a move he said was devastating.
He also admitted: I did not see the money markets moving as quickly as they did after the Lehman collapse. But he said there were limits to what could have been done in general to mitigate a Lehman failure without precipitating its immediate collapse.On AIG, Mr Paulson said he had nothing to do with the controversial decision to pay counterparties at par – and found out about it only in December when AIG made a public disclosure.The decision to rescue AIG was a Fed authority, a Fed decision and the Fed was responsible for administering that loan,he told the FT.His book hints that the Treasury was less than enthusiastic about supporting the original Federal Reserve loan with later Tarp equity – but Mr Paulson refused to discuss AIG further.Looking back, Mr Paulson is confident that – notwithstanding criticism – the big calls were the right ones. This Monday morning quarter-backing misses the point – that guess what, we did take the important actions that it took to stop the system from collapsing.The Financial Times Limited 2010.
The Fed – Just One Giant Money Counterfeiter
Tyler Durden Zero Hedge February 1, 2010
Must read perspective on the Federal Reserve, by Robert Murphy, published originally at Ludwig von Mises Institute
San Jose State economics professor Jeffrey Rogers Hummel tells all his students that the easiest way to understand the Federal Reserve is to think of it as a giant, legalized counterfeiter. I had always known that the Fed and other central banks were like counterfeiters, but I still thought that the actual mechanics of open-market operations and so forth actually provided some important distinctions.In large part because of my frequent email exchanges with Hummel, I now realize that I was being naïve. Once you understand the details of modern central banking, you are able to step back and see that it truly is a way for the government to use the printing press to pay its bills. All of the complicated process of targeting interest rates through buying Treasuries simply hides this essential point — and perhaps deliberately so.
An Old-Fashioned Monarch With a Printing Press
Before we examine Fed operations, let’s start with something simpler. Suppose there is a powerful monarch reigning over a large, industrialized country. The monarch has managed to wean his subjects off commodity money such as gold or silver, and instead they use fiat notes, rectangular slips of paper featuring the king’s portrait. The king has a printing press at his disposal, which gives him unlimited ability to create more slips of paper with which he can buy goods throughout his kingdom.At first, one might think that our hypothetical king has infinite wealth. But upon reflection, we see that there are actually pragmatic limits on how much new money he will print up each year. It’s true that there are no legal constraints on how many notes he can create, but the more monetary inflation he sows, the greater the price inflation he will reap.At some point, the monarch would actually make himself poorer in the long run by running the printing press too heavily in the present. For example, if he doubled the stock of money in one year, the resulting price inflation would destabilize his economy and cause much needless capital consumption. His subjects would be less willing to invest in their businesses and retirement portfolios, knowing that he might effectively confiscate their savings again through massive creation of new money. Foreign investors too would be wary of exposing themselves to his country if he made his fiat currency too volatile.Because of these considerations, the monarch would no doubt run off new money every year from his printing press, but he wouldn’t overdo it. He would aim for a moderate level of constant price inflation, with the purchasing power of his fiat currency slowly falling over time in a predictable manner. Each year, the new influx of money into the economy would represent a transfer of wealth from all other currency holders into the king’s possession.
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Now what if our monarch is really profligate? What if he wants to spend more money than the income and tribute he earns in his position as monarch, even including the amount of new money he dares to create each year with his printing press, can support? In this case, the monarch can still resort to old-fashioned borrowing. Therefore in any given year, the monarch can only spend what he collects in tribute (taxes), debt financing, and inflation.
Modern Counterfeiting, Fed Style
At first glance, our present monetary system is nothing like the simple tale of a king with a printing press. For one thing, the US Treasury is a distinct entity from the Federal Reserve. When the US federal government runs a budget deficit, it can’t simply have the Fed print up enough $100 bills to cover the shortfall. No, the Treasury always covers its budget deficits by issuing debt, referred to as Treasuries. These are bonds, IOUs sold by the Treasury to outside investors who lend the Treasury money today in the hopes of being paid back in the future.But wait, there’s more to the story. One of the main buyers of this Treasury debt is the Federal Reserve itself. This phenomenon is especially pronounced during emergencies such as major wars and the current financial crisis. Indeed, in the second quarter of 2009, the Federal Reserve was the effective buyer of some 48 percent of the new Treasury debt issued that period, as part of its quantitative easing. It’s true, the Fed doesn’t show up at the Treasury auctions and directly buy the new T-bills and so forth, but private dealers pay higher prices for the Treasuries knowing that the Fed is waiting in the wings to pick them up.At this point let’s review exactly what happens when the Federal Reserve buys Treasuries from private dealers. Let’s say the Fed wants to buy $1 million worth of T-bills from Joe Smith. So it writes Joe a check for $1 million, drawn on the Fed itself. Joe hands the T-bills over to the Fed, where they end up on the asset side of its balance sheet. Joe then deposits the check in his personal checking account, which goes up by $1 million.So at this point the Fed has increased the money supply by $1 million. In normal times, because of the fractional-reserve banking system, Joe’s bank would lend out $900,000 of the new deposit to another customer, so that the money supply would grow even further. But that’s not what interests us in this article, so we’ll leave that train of thought.
What we want to focus on is the effect of the Fed’s purchase on the US Treasury. By entering the bond market and buying Treasuries (with money created out of thin air), the Fed pushes up the price of the bonds. That of course means that their yield drops. So, for example, if the Treasury issues a T-bill promising to pay the holder $10,000 in 12 months, then the auction price determines how much money the Treasury actually gets to borrow now in exchange for this promise to pay back $10,000 in one year. If the demand is such that people pay $9,901 for each T-bill with a face value of $10,000, then the Treasury gets to borrow money for a year at an interest rate of 1 percent.Already we see why the folks at the Treasury are big fans of the Fed’s quantitative easing program, in which Bernanke decided it was in the national interest to begin adding more than a trillion dollars’ worth of Treasury debt to the Fed’s balance sheet. If nothing else, the Fed’s massive buying of Treasury debt pushes up the auction price of the Treasuries, meaning the federal government can borrow at cheaper interest rates.Now, if this were the whole story, it would be fishy but not nearly as bad as our hypothetical monarch with the printing press. Sure, the Fed would create new dollars (which would push up dollar prices of goods and services) in order to keep the Treasury’s borrowing costs low. But still, the Treasury would have to pay some interest on its debt, especially for longer-dated debt with higher yields, like 10-year Treasury notes. So although the mechanism we have described would encourage the Treasury to run higher deficits at the expense of average people, who suffer from rising prices, things don’t seem nearly as crooked as they were in the case of our monarch.Ah, but we’re not done yet. Not only does the Fed’s accumulation of Treasury debt artificially push down the interest rate, but the Fed gives the interest payments right back to the Treasury! After all, interest is how the Fed makes money.It writes checks on itself (created out of thin air) and accumulates assets, and then earns the interest and (in some cases) capital gains on the assets. But after the Fed pays its employees, pays its electric bill, and throws the staff Christmas party, it remits the excess earnings back to the Treasury.
For example, in fiscal year 2008 the Federal Reserve distributed to the US Treasury some $31.7 billion (page 173) of its net earnings. To repeat, much of this money consisted of interest payments that the Treasury paid out to the holders of its debt, who just so happened to be the Fed for much of it. So not only is the official rate of interest kept artificially low by the Fed’s money-creation, but the interest payments themselves are largely refunded to the Treasury, to the extent that the Fed ends up holding the Treasuries rather than outsiders.All right, so the Fed (a) suppresses the interest rate on Treasury debt and (b) refunds virtually all of the interest payments on Treasury debt held by the Fed. And remember, the way the Fed does this is through creating new dollars out of thin air, in order to buy the Treasury debt from the original investors who lent money to the Treasury. Therefore the Fed is clearly giving aid to the US government’s deficit spending at the expense of everyone holding assets denominated in US dollars.Still, the one thing holding back the complete recklessness of the feds is that they still have to pay off the principal of their bonds when they mature, right? In other words, all we’ve really shown is that the Fed allows the Treasury to run deficits virtually at zero interest expense, at least for debt held by the Fed. But this is still a far cry from our hypothetical monarch, who had a whole component of his expenses which he met year in and year out by running the printing press.Sorry, but our own monetary system has the same feature. When the Treasury securities held by the Fed mature — so that the Treasury has to pay back the face value in principal — the Fed rolls over the debt. Over time, the nominal market value of the Fed’s holdings of Treasury debt continually grows. Barring a sudden reversal in this policy, the Treasury knows that it will never have to pay off this debt. For all practical purposes, any Treasury debt ultimately finding its way onto the Fed’s balance sheet is economically equivalent to our monarch running the printing press to pay his bills.[1]We have just one last consideration. Up till now we’ve seen that the modern US government, with its complicated central bank and fiat money system, operates essentially as a king with a simple printing press, to the extent that the Fed is willing to accumulate larger holdings of Treasury debt. But what determines how much the Fed is willing to take on? At what point would the Fed decide to ease off on its open-market operations and stop creating so many new dollars to (indirectly) hand over to the government? The ultimate constraint on the Fed’s operations is the same one our hypothetical king faced: investor and citizen backlash in response to rising prices. That is, the Federal Reserve can only absorb so much of the Treasury’s new debt each year because too much dollar-creation would lead to unacceptably high price inflation. Thus our profligate government, like the hypothetical monarch, must finance some of its spending through traditional borrowing from private citizens and other governments.
Conclusion
Stripped of its fancy terminology and confusing mechanics, modern central banking boils down to a legalized counterfeiting operation. If there were suddenly a widespread public outcry to punt the press,we can bet our hypothetical monarch would mobilize all his allies in the media to discredit the people threatening his source of revenue. In that light, we can understand the reaction today to people calling to end the Fed.
Stocks climb as manufacturing, spending increase By TIM PARADIS and IEVA M. AUGSTUMS, AP Business Writers – FEB 1,10
NEW YORK – Stock indexes rose Monday as a flurry of reports bolstered hopes that the economy is recovering.The stronger reports on manufacturing activity and personal incomes helped shore up the market's sentiment after three straight losing weeks that left stocks with a loss for January. Investors were already becoming more optimistic thanks to news on Friday that the economy grew at the fastest pace in six years in the final three months of 2009.Major indicators started higher and kept the momentum up through midday trading. The Dow Jones industrial average rose 80 points, and other indexes logged similar gains. Energy stocks led the market higher following a strong earnings report from Exxon Mobil.In economic news, U.S. manufacturing activity grew for a sixth straight month in January to the strongest level since August 2004, according to the Institute for Supply Management. The trade group said factories increased production as customers replenished inventories.The ISM's manufacturing index jumped to 58.4 in January from 54.9 in December. Analysts polled by Thomson Reuters had expected a level of 55.5. Any reading above 50signals growth.
Meanwhile, the Commerce Department said consumer spending increased by 0.2 percent in December, its third straight monthly gain. The government also said personal income increased more than expected in December.The economy and the recovery seem to be on track. The GDP number on Friday and the ISM number today confirm that, said Kevin Shacknofsky, portfolio manager of the Alpine Dynamic Dividend Fund in Purchase, N.Y.The government reported last Friday that the U.S. economy grew at an annual rate of 5.7 percent in the final three months of 2009, a pace far stronger than economists had forecast.The positive signals in the economic reports lent support to a market that fell sharply in late January, marking its worst monthly performance since the bear market early last year. The Dow Jones industrials reached a 15-month high of 10,725.43 on Jan. 19 but is still down 6.1 percent since then.In midday trading, the Dow rose 80.86, or 0.8 percent, to 10,148.19. The broader Standard & Poor's 500 index rose 10.00, or 0.9 percent, to 1,083.87. The Nasdaq composite index rose 9.12, or 0.4 percent, to 2,156.47.Bond prices fell, pushing yields higher. The yield on the benchmark 10-year Treasury note rose to 3.66 percent from 3.60 percent late Friday.
The dollar mostly fell against other major currencies, while gold prices rose.
On Monday, President Barack Obama sent the U.S. Congress a $3.83 trillion budget that would pour more money into the fight against high unemployment and boost taxes on the wealthy. The nation's unemployment rate sits at 10 percent.In corporate news, Exxon Mobil Corp. reported its fourth-quarter earnings fell 23 percent but topped analysts' estimates. The company's shares rose $1.87, or 2.9 percent, to $66.30, helping boost energy stocks.Crude oil rose 90 cents to $73.79 per barrel on the New York Mercantile Exchange.Three stocks rose for every one that fell on the New York Stock Exchange, where volume came to 395.5 million shares compared with 470.4 million shares traded at the same point Friday.The Russell 2000 index of smaller companies rose 1.93, or 0.3 percent, to 603.97.In afternoon trading, Britain's FTSE 100 rose 1.1 percent, Germany's DAX index rose 0.8 percent, and France's CAC-40 rose 0.6 percent. Earlier, Japan's Nikkei stock average rose 0.1 percent. Augstums reported from Charlotte, N.C.
WORLD TERRORISM
GENESIS 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.(WORLD TERRORISM,MURDERS)(HAMAS IN HEBREW IS VIOLENCE)
12 And God looked upon the earth, and, behold, it was corrupt; for all flesh had corrupted his way upon the earth.
13 And God said unto Noah, The end of all flesh is come before me; for the earth is filled with violence (TERRORISM)(HAMAS) through them; and, behold, I will destroy them with the earth.
2 PETER 2:5
5 And spared not the old world, but saved Noah the eighth person, a preacher of righteousness, bringing in the flood upon the world of the ungodly;
2 PETER 3:7
7 But the heavens and the earth, which are now, by the same word are kept in store, reserved unto fire against the day of judgment and perdition of ungodly men
LEVITICUS 26:16
16 I also will do this unto you; I will even appoint over you( sudden) terror, consumption, and the burning ague, that shall consume the eyes, and cause sorrow of heart: and ye shall sow your seed in vain, for your enemies shall eat it.
GENESIS 16:11-12
11 And the angel of the LORD said unto her, Behold, thou art with child, and shalt bear a son, and shalt call his name Ishmael; because the LORD hath heard thy affliction.
12 And he will be a wild man; his hand will be against every man, and every man's hand against him; and he shall dwell in the presence of all his brethren.
ISAIAH 33:1,18-19 Woe to thee that spoilest,(destroys) and thou wast not spoiled;(destroyed) and dealest treacherously, and they dealt not treacherously with thee! when thou shalt cease to spoil,(destroy) thou shalt be spoiled;(destroyed) and when thou shalt make an end to deal treacherously, they shall deal treacherously with thee.
18 Thine heart shall meditate terror. Where is the scribe? where is the receiver? where is he that counted the towers?
19 Thou shalt not see a fierce people, a people of a deeper speech than thou canst perceive; of a stammering tongue, that thou canst not understand.
JOHN 16:2
2 They shall put you out of the synagogues: yea, the time cometh, that whosoever killeth you will think that he doeth God service.
Female suicide bomber hits Iraq pilgrims, kills 54 By BUSHRA JUHI, Associated Press Writer – FEB 1,10
BAGHDAD – A female suicide bomber mingling among Shiite pilgrims in Baghdad detonated an explosives belt Monday, killing at least 54 people, officials said.The bombing was the first major strike this year against pilgrims making their way to the southern city of Karbala to mark a Shiite holy day. It came as a security official warned of a possible increase in attacks by insurgents using new tactics to bypass bomb-detection methods.The bombing raises fears of an escalation of attacks as hundreds of thousands of Shiites head to Karbala to mark on Friday the end of 40 days of mourning following the anniversary of the death Imam Hussein, a revered Shiite figure.The bomber hid the explosives underneath an abaya — a black cloak worn from head to toe by women — as she joined a group of pilgrims on the outskirts of Baghdad's Shiite-dominated neighborhood of Shaab, said Maj. Gen. Qassim al-Moussawi, Baghdad's top military spokesman.The bomber set off the blast as she lined up with other women to be searched by female security guards at a security checkpoint just inside a rest tent, al-Moussawi said.A police official said 54 people, including 18 women and 12 children, were killed and 117 were wounded. A hospital official confirmed the casualties. Both officials spoke on condition of anonymity because they were not authorized to talk to the media.Witnesses described a chaotic scene in the minutes after the blast.Raheem Kadhom, 35, said he was standing nearby when a huge fireball erupted among the pilgrims.
Pilgrims were on the ground, covered in blood and crying for help, he said.Banners were all over the ground and covered in blood.The blast was so powerful it knocked some out of their slippers and shoes, which were scattered across the ground, he said, adding how people put the wounded in cars, taking them to hospitals rather than wait for ambulances.Despite an overall decline in violence in Iraq, al-Qaida and other Sunni extremists have routinely targeted pilgrims in an attempt to stoke sectarian strife and weaken the Shiite-dominated government.The vast numbers of pilgrims and the distances many of them must travel at predictable times of the year make it all but impossible to guarantee their safety against extremist groups. The pilgrims targeted Monday were walking from the northeast Diyala province and other areas north of Baghdad, police said.During a pilgrimage in February of last year, a female suicide bomber attacked a tent filled with women and children resting during the walk to Karbala, killing 40 people and wounding 60 others. A month before that, a suicide bomber dressed in women's clothing and hiding among Iranian pilgrims killed more than three dozen people outside a mosque in Baghdad's Shiite neighborhood of Kazimiyah.Security forces were put on alert shortly after Monday's attack, al-Moussawi said.We informed all checkpoints to be careful and to intensify the search procedures, he said.Iraqi authorities lack enough policewomen to conduct searches of female travelers at most checkpoints, and security forces have been reluctant to use bomb-sniffing dogs against people because of cultural sensitivities.
Al-Moussawi warned insurgent groups were using new tactics to smuggle explosives past security forces.Terrorist groups have come up with ways to hide explosive substances that cannot be detected with bomb detector sets, he said in a statement posted on his Web site. Iraq's forces have been using a bomb-detection device at checkpoints across the country that Britain banned for export after questions were raised about whether it works. Iraqi security officials have insisted it works, though they began their own investigation after the U.S. military also said the device did not work. Meanwhile, Baghdad's military command has referred 134 members of Iraq's security forces for investigation. They are suspected of negligence for the security lapses that allowed last week's suicide bombings at three hotels and Baghdad's main crime lab, al-Moussawi said. Meanwhile, Iraq's election planning has been mired in controversy over the banning of candidates for suspected ties to Baath Party, with some Sunnis claiming the blacklist is an attempt by the Shiite-led government to undermine their candidates. U.S. Ambassador Christopher Hill told The Associated Press Monday that the elections need to be widely accepted as fair otherwise protests by the losers will bog down the new government. Hill believes that a fierce controversy over a ballot purge of candidates who are suspected Saddam Hussein loyalists will likely be resolved before the vote. An estimated 450 candidates have been barred from the ballot for suspected links to Saddam's now outlawed Baath Party. Hill said he believes Iraq's government will open its vetting process to show voters why certain candidates were disqualified from running.
Associated Press Writers Chelsea J. Carter, Lara Jakes and Qassim Abdul-Zahra contributed to this report.
Jordan criticized for stripping Palestinian rights By DALE GAVLAK, Associated Press Writer – FEB 1,10
AMMAN, Jordan – A U.S.-based human rights group criticized Jordan Monday for stripping the citizenship of nearly 3,000 Jordanians of Palestinian origin in recent years.Nearly half the kingdom's 6 million people are of Palestinian origin and Jordan fears that if Palestinians become the majority, it will disrupt the delicate demographic balance. Those concerns have been heightened by some Israeli hard-liners who argue that neighboring Jordan should become the Palestinian state and that more West Bank Palestinians should be pushed into Jordan.Palestinians want to establish an independent state in the West Bank and Gaza Strip with east Jerusalem as their capital.Concerned about increasing numbers of Palestinians in the country, Jordan in 2004 began revoking citizenship from Palestinians who do not have the Israeli permits that are necessary to reside in the West Bank.Human Rights Watch said Jordan stripped about 2,700 Jordanians of Palestinian origin of their citizenship between 2004 and 2008 and urged them to restore their full rights. The trend continued last year, the group said in a report released in the Jordanian capital, Amman.The Jordanian measure rendered the Palestinians stateless, depriving them of passports, voting rights, education, travel, health care and jobs, said Christoph Wilcke, HRW researcher on Jordan.Jordan is playing politics with the basic rights of thousands of its citizens, said Sarah Leah Whitson, Middle East director at Human Rights Watch.
Jordanian officials denied any wrongdoing.Jordan ruled the West Bank and east Jerusalem from 1950 until 1967, when Israel seized the territories in war. In 1988, Jordan renounced all claims to the West Bank. Most of Jordan's Palestinians fled successive Arab-Israeli conflicts since 1948. But there is no clear breakdown on how many Palestinians come from the West Bank.Wilcke said there is no part of Jordan's law that allows the Interior Ministry to withdraw nationality by imposing new conditions,such as having Israeli-issued residency permits for the West Bank.Those permits are extremely difficult to obtain, given Israel's restrictive policies on granting residency rights to Palestinians, Wilcke added.Interior Ministry spokesman Karim Naber claimed Jordan did not revoke anyone's citizenship but only suspended giving social security numbers pending reunification of families in the West Bank.
Most Palestinians hesitate to take their cases to the courts, fearing legal steps would only finalize their loss of Jordanian citizenship, Wilcke said.A few Palestinian Jordanians have had their citizenship reinstated, often with help from the royal court, Wilcke added, but provide no definitive figure.Defending the measure, Interior Minister Nayef al-Qadi recently said the government wants Jordanians of Palestinian origin to clarify their status by renewing permits that recognize them as West Bank citizens in order to preserve their Palestinian identity.
Wilcke warned others could be at risk from a similar measure, such as 250,000 Jordanians of Palestinian origin expelled by Kuwait during the 1991 Gulf War.
I WRITE NEWS ABOUT AND PUT NEWS ARTICLES ABOUT ISRAEL AND JERUSALEM PERTAINING TO BIBLE PROPHESY HAPPENINGS.JOEL 3:20 But Judah (ISRAEL) shall dwell for ever, and Jerusalem from generation to generation.(THATS ISRAEL-JERUSALEM WILL NEVER BE DESTROYED AGAIN)-WE CHRISTIANS ARE ALL WAITING PATIENTLY FOR THE PRE-TRIBULATION RAPTURE TO OCCUR.SO WE CAN GO TO JESUS AND GET OUR NEVER DYING BODIES.SO WE CAN RULE OVER CITIES OURSELVES.WHILE JESUS RULES FROM DAVIDS THRONE FOREVER IN JERUSALEM.
IMPORTANT LINKS
- 2-STRONG MAN BEHIND THE SPIRIT.
- 2024 CANADA PREDICTIONS.
- ABORTION IS MURDER OF A GENERATION OF CHILDREN.
- BEHOLD ISRAEL-AMIR TSARFATI
- BIOLOGICAL WEAPON COVID STARTED IN 1965.
- BRENT MEIDINGER, SINGER
- CBN NEWS
- DESTINY OF NATIONS.
- ELIJAH & MOSES PREACH 3 1/2 YEARS
- EU'S 10 POINT PEACE PLAN.
- FOX NEWS
- FROM NEBUCHADNEZZAR TO TODAY.
- HOLY TEMPLE MYTH 1
- HOLY TEMPLE MYTH 2
- HOLY TEMPLE MYTH 3
- I ASKED AI LEADER QUESTIONS.
- ISRAEL AND EUS HISTORY TO END OF TRIBULATION.
- ISRAEL BIRD MIGRATION 2
- ISRAEL BIRD MIGRATION 3
- ISRAEL BIRD MIGRATION.
- ISRAEL DEFEATES ALL ENEMIES.
- ISRAEL RADIO
- ISRAEL-JERUSALEM TOGETHER FOREVER
- ISRAEL365 NEWS
- ISRAELI CITIES CAMERA
- J D FARAG
- JACK VAN IMPE
- JAN MARKELL
- JERUSALEM LIVE
- JERUSALEM POST NEWS
- JERUSALEM WESTERN WALL LIVE
- JEWISH FEASTS - HOLIDAYS - HOLY DAYS.
- LATEST MUSLIM SCAM READERS DIGEST
- LAURA-LYNN TYLER THOMPSON
- MARK LEVIN (TRUTHS)
- MY 12 YR BAN ON GAY FLAG IN OWENSOUND
- MY 7 YR PEACE TREATY SITE
- MY END TIME SCENARIO.
- MY MOHAWK HARNESS PREDICTIONS
- MY NHL HOCKEY STATS SITE
- MY TWITTER SITE
- MY YOUTUBE SITE
- NEW WORLD ORDER BY ME
- NTEB
- REBEL NEWS
- SHOTS ARE GENE THERAPY.
- SHROUD OF TURIN
- THE GATEWAY PUNDIT
- THE LAST GENERATION
- TIMES OF ISRAEL NEWSFEED
- WAR IN HEAVEN REV 12
- WERE ISLAM WILL BE BURIED 300 MILLION.
- WHOS LAND IS IT (2)
- WHOS LAND IS IT (3)
- WHOS LAND IS IT? (1)
- WHOS LAND IS IT? (4)
- WHOS LAND IS IT? (5)
- WHOS LAND IS IT? (6)
- WOKE CULTURE IS MAOISM IN CANADAS CHARACTERISTICS
- WW3 THE WAVES.
Monday, February 01, 2010
Sunday, January 31, 2010
GODLESS EARTH CHARTER TEXT
ROMANS 8:25
22 For we know that the whole creation groaneth and travaileth in pain together until now.
23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.
24 For we are saved by hope: but hope that is seen is not hope: for what a man seeth, why doth he yet hope for?
25 But if we hope for that we see not, then do we with patience wait for it.
JOHN 1:1-5,14,17
1 In the beginning was the Word,(JESUS)and the Word was with God, and the Word was God.(JESUS IS GOD)
2 The same was in the beginning with God.
3 All things were made by him; and without him was not any thing made that was made.
4 In him was life; and the life was the light of men.
5 And the light shineth in darkness; and the darkness comprehended it not.
14 And the Word(JESUS)was made flesh, and dwelt among us, (and we beheld his glory, the glory as of the only begotten of the Father,) full of grace and truth.
17 For the law was given by Moses, but grace and truth came by Jesus Christ.
GOD IS IN CONTROL OF THE EARTH,NO CLIMATE SCAMMERS LIKE NEW AGE ENVIROMENTAL LEFTIST ROBBERS.JESUS WILL REFURBISH THE EARTH WHEN HE RETURNS SHORTLY TO EARTH BODILY TO RESTORE IT.HUMANS DON'T CAUSE CLIMATE CHANGE THE SUN AND THE SON (GOD-JESUS)ARE IN CONTROL OF THE SUN AND THE SO CALLED CLIMATE CHANGE AT HIS WILL.
ISAIAH 30:26-27
26 Moreover the light of the moon shall be as the light of the sun, and the light of the sun shall be sevenfold, as the light of seven days, in the day that the LORD bindeth up the breach of his people, and healeth the stroke of their wound.
27 Behold, the name of the LORD cometh from far, burning with his anger, and the burden thereof is heavy: his lips are full of indignation, and his tongue as a devouring fire:
MATTHEW 24:21-22,29
21 For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be.
22 And except those days should be shortened, there should no flesh be saved: but for the elect’s sake (ISRAELS SAKE) those days shall be shortened (Daylight hours shortened)
29 Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken:
REVELATION 16:7-9
7 And I heard another out of the altar say, Even so, Lord God Almighty, true and righteous are thy judgments.
8 And the fourth angel poured out his vial upon the sun; and power was given unto him to scorch men with fire.
9 And men were scorched with great heat, and blasphemed the name of God, which hath power over these plagues: and they repented not to give him glory.
WHILE WERE ON THE EARTH.IF PEOPLE ONLY KNEW THE TRUE FACTS ABOUT CAP AND TRADE,THERE WOULD BE AN UPROAR AS EVERYHING IN YOUR HOUSEHOLD WILL BE TAXED.I CAN ONLY IMAGINE HOW MUCH TAXES ON THE HOUSEHOLD ENERGY BILLS WILL BE AT LEAST 1 TO 2 THOUSAND DOLLARS A YEAR FOR EACH HOUSEHOLD,THEN IN 20 OR SO YEARS WE WILL ALL BE PAYING 10 TO 12 THOUSAND DOLLARS EXTRA A YEAR FROM THIS CAP AND TRADE GIVE TO THE IMF WORLD GOVERNMENT TAX SCAM.
WITH THIS CAP & TRADE SCAM,1 JOB WILL BE CREATED,2.2 JOBS LOST.THE COMPANIES WILL BE PAYING FOR THIS CAP AND TRADE TAX WHICH IN TURN WILL BE PASSED ON TO EVERY PERSON ON EARTH.WHATEVER IS USED BY ENERGY WILL BE TAXED,THATS EVERYTHING IN OUR HOMES.WIND AND SOLAR ENERGY CAN BE BETWEEN 300% TO 1000% PERCENT MORE EXPENSIVE THEN FOSSEL FUEL ENERGY TODAY.
CAP & TRADE IN DEPTH
http://www.nocapandtrade.us/TNA_Cap&Trade9-20-09.pdf
What we are facing just to start:(by 2030)
$2,872 per family per year in increased energy costs (Listen to what Obama
admits here and what it means here)
$4,600 per family per year total increased taxes.
$662 billion a year loss of GDP or $6,790 per family of four.
Each family of four's share of the debt accumulated by cap and trade would be equal to $114,915
$5.7 Trillion in increased taxes
$9.4 Trillion total GDP cost thru 2030.
$4.35 to $5.10/gallon gas price.
Up to 6 Million lost jobs (based on Spanish experience)
2.2 jobs lost for every green job created (Spanish experience)
$750,000+ cost for every green job created
Trading of carbon credits on the derivatives market -- the same one that caused the financial collapse last year.
Devastating to 3rd World Nations
A MUST SIGHT TO READ THE RESULTS OF CAP & TRADE ROBBERS.
http://nocapandtrade.us/
NO CAP & TRADE ROBBER VIDEOS
http://www.youtube.com/watch?v=CeVh886XHbQ
http://www.youtube.com/watch?v=r9uc_BIT3MA
http://www.youtube.com/watch?v=26BYWp_wFCY
http://www.youtube.com/watch?v=6IMGiNn9hmc
http://www.youtube.com/watch?v=osyXClOQfRE
http://www.youtube.com/watch?v=i_LpmLqFkQ0
WHAT DO SCIENTISTS SAY
http://www.youtube.com/watch?v=5UKI3lKts9Q
http://www.youtube.com/watch?v=Z-9B42RasmQ
http://www.youtube.com/watch?v=2bWrNGSuCTU
http://www.youtube.com/watch?v=nf4LXv6r_cs
http://www.youtube.com/watch?v=0J7LAhSTgxU
http://www.kusi.com/weather/colemanscorner/81583352.html
http://www.augustreview.com/issues/technocracy/carbon_currency:_a_new_beginning_for_technocracy?_20100125155/
MIKE COFFMAN ON JAN MARKELL SHOW
http://www.olivetreeviews.org/radio/mp3/
http://www.nocapandtrade.us/short_videos.htm
GODLESS EARTH CHARTER TEXT
http://www.earthcharter.am/eng/text.html
http://www.earthcharter.am/eng/index.html
What is the Earth Charter?
The Earth Charter is a declaration of fundamental ethical principles for building a just, sustainable and peaceful global society in the 21st century. It seeks to inspire in all people a new sense of global interdependence and shared responsibility for the well-being of the whole human family, the greater community of life, and future generations. It is a vision of hope and a call to action.
The Earth Charter is centrally concerned with the transition to sustainable ways of living and sustainable human development. Ecological integrity is one major theme. However, the Earth Charter recognizes that the goals of ecological protection, the eradication of poverty, equitable economic development, respect for human rights, democracy, and peace are interdependent and indivisible. It provides, therefore, a new, inclusive, integrated ethical framework to guide the transition to a sustainable future.
The Earth Charter is a product of a decade-long, worldwide, cross cultural dialogue on common goals and shared values. The Earth Charter project began as a United Nations initiative, but it was carried forward and completed by a global civil society initiative. The Earth Charter was finalized and then launched as a people’s charter in 2000 by the Earth Charter Commission, an independent international entity.
The drafting of the Earth Charter involved the most inclusive and participatory process ever associated with the creation of an international declaration. This process is the primary source of its legitimacy as a guiding ethical framework. The legitimacy of the document has been further enhanced by its endorsement by over 4,500 organizations, including many governments and international organizations.
In the light of this legitimacy, an increasing number of international lawyers recognize that the Earth Charter is acquiring the status of a soft law document. Soft law documents like the Universal Declaration of Human Rights are considered to be morally, but not legally, binding on state governments that agree to endorse and adopt them, and they often form the basis for the development of hard law.
At a time when major changes in how we think and live are urgently needed, the Earth Charter challenges us to examine our values and to choose a better way. At a time when international partnership is increasingly necessary, the Earth Charter encourages us to search for common ground in the midst of our diversity and to embrace a new global ethic that is shared by an ever-growing number of people throughout the world. At a time when education for sustainable development has become essential, the Earth Charter provides a very valuable educational instrument.
The Earth Charter Text
PREAMBLE
We stand at a critical moment in Earth’s history, a time when humanity must choose its future. As the world becomes increasingly interdependent and fragile, the future at once holds great peril and great promise. To move forward we must recognize that in the midst of a magnificent diversity of cultures and life forms we are one human family and one Earth community with a common destiny. We must join together to bring forth a sustainable global society founded on respect for nature, universal human rights, economic justice, and a culture of peace. Towards this end, it is imperative that we, the peoples of Earth, declare our responsibility to one another, to the greater community of life, and to future generations.
EARTH, OUR HOME
Humanity is part of a vast evolving universe. Earth, our home, is alive with a unique community of life. The forces of nature make existence a demanding and uncertain adventure, but Earth has provided the conditions essential to life’s evolution. The resilience of the community of life and the well-being of humanity depend upon preserving a healthy biosphere with all its ecological systems, a rich variety of plants and animals, fertile soils, pure waters, and clean air. The global environment with its finite resources is a common concern of all peoples. The protection of Earth’s vitality, diversity, and beauty is a sacred trust.
THE GLOBAL SITUATION
The dominant patterns of production and consumption are causing environmental devastation, the depletion of resources, and a massive extinction of species. Communities are being undermined. The benefits of development are not shared equitably and the gap between rich and poor is widening. Injustice, poverty, ignorance, and violent conflict are widespread and the cause of great suffering. An unprecedented rise in human population has overburdened ecological and social systems. The foundations of global security are threatened. These trends are perilous—but not inevitable.
THE CHALLENGES AHEAD
The choice is ours: form a global partnership to care for Earth and one another or risk the destruction of ourselves and the diversity of life. Fundamental changes are needed in our values, institutions, and ways of living. We must realize that when basic needs have been met, human development is primarily about being more, not having more. We have the knowledge and technology to provide for all and to reduce our impacts on the environment. The emergence of a global civil society is creating new opportunities to build a democratic and humane world. Our environmental, economic, political, social, and spiritual challenges are interconnected, and together we can forge inclusive solutions.
UNIVERSAL RESPONSIBILITY
To realize these aspirations, we must decide to live with a sense of universal responsibility, identifying ourselves with the whole Earth community as well as our local communities. We are at once citizens of different nations and of one world in which the local and global are linked. Everyone shares responsibility for the present and future well-being of the human family and the larger living world. The spirit of human solidarity and kinship with all life is strengthened when we live with reverence for the mystery of being, gratitude for the gift of life, and humility regarding the human place in nature.
We urgently need a shared vision of basic values to provide an ethical foundation for the emerging world community. Therefore, together in hope we affirm the following interdependent principles for a sustainable way of life as a common standard by which the conduct of all individuals, organizations, businesses, governments, and transnational institutions is to be guided and assessed.
PRINCIPLES
I. RESPECT AND CARE FOR THE COMMUNITY OF LIFE
1. Respect Earth and life in all its diversity.
a.Recognize that all beings are interdependent and every form of life has value regardless of its worth to human beings.
b.Affirm faith in the inherent dignity of all human beings and in the intellectual, artistic, ethical, and spiritual potential of humanity.
2. Care for the community of life with understanding, compassion, and love.
a.Accept that with the right to own, manage, and use natural resources comes the duty to prevent environmental harm and to protect the rights of people.
b.Affirm that with increased freedom, knowledge, and power comes increased responsibility to promote the common good.
3. Build democratic societies that are just, participatory, sustainable, and peaceful.
a.Ensure that communities at all levels guarantee human rights and fundamental freedoms and provide everyone an opportunity to realize his or her full potential.
b.Promote social and economic justice, enabling all to achieve a secure and meaningful livelihood that is ecologically responsible.
4. Secure Earth’s bounty and beauty for present and future generations.
a.Recognize that the freedom of action of each generation is qualified by the needs of future generations.
b.Transmit to future generations values, traditions, and institutions that support the long-term flourishing of Earth’s human and ecological communities.
II. ECOLOGICAL INTEGRITY
5. Protect and restore the integrity of Earth’s ecological systems, with special concern for biological diversity and the natural processes that sustain life.
a.Adopt at all levels sustainable development plans and regulations that make environmental conservation and rehabilitation integral to all development initiatives.
b.Establish and safeguard viable nature and biosphere reserves, including wild lands and marine areas, to protect Earth’s life support systems, maintain biodiversity, and preserve our natural heritage.
c.Promote the recovery of endangered species and ecosystems.
d.Control and eradicate non-native or genetically modified organisms harmful to native species and the environment, and prevent introduction of such harmful organisms.
e.Manage the use of renewable resources such as water, soil, forest products, and marine life in ways that do not exceed rates of regeneration and that protect the health of ecosystems.
f.Manage the extraction and use of non-renewable resources such as minerals and fossil fuels in ways that minimize depletion and cause no serious environmental damage.
6. Prevent harm as the best method of environmental protection and, when knowledge is limited, apply a precautionary approach.
a.Take action to avoid the possibility of serious or irreversible environmental harm even when scientific knowledge is incomplete or inconclusive.
b.Place the burden of proof on those who argue that a proposed activity will not cause significant harm, and make the responsible parties liable for environmental harm.
c.Ensure that decision making addresses the cumulative, long-term, indirect, long distance, and global consequences of human activities.
d.Prevent pollution of any part of the environment and allow no build-up of radioactive, toxic, or other hazardous substances.
e.Avoid military activities damaging to the environment.
7. Adopt patterns of production, consumption, and reproduction that safeguard Earth’s regenerative capacities, human rights, and community well-being.
a.Reduce, reuse, and recycle the materials used in production and consumption systems, and ensure that residual waste can be assimilated by ecological systems.
b.Act with restraint and efficiency when using energy, and rely increasingly on renewable energy sources such as solar and wind.
c.Promote the development, adoption, and equitable transfer of environmentally sound technologies.
Internalize the full environmental and social costs of goods and services in the selling price, and enable consumers to identify products that meet the highest social and environmental standards.
d.Ensure universal access to health care that fosters reproductive health and responsible reproduction.
e.Adopt lifestyles that emphasize the quality of life and material sufficiency in a finite world.
8. Advance the study of ecological sustainability and promote the open exchange and wide application of the knowledge acquired.
a.Support international scientific and technical cooperation on sustainability, with special attention to the needs of developing nations.
b.Recognize and preserve the traditional knowledge and spiritual wisdom in all cultures that contribute to environmental protection and human well-being.
c.Ensure that information of vital importance to human health and environmental protection, including genetic information, remains available in the public domain.
III. SOCIAL AND ECONOMIC JUSTICE
9. Eradicate poverty as an ethical, social, and environmental imperative.
a.Guarantee the right to potable water, clean air, food security, uncontaminated soil, shelter, and safe sanitation, allocating the national and international resources required.
b.Empower every human being with the education and resources to secure a sustainable livelihood, and provide social security and safety nets for those who are unable to support themselves.
c.Recognize the ignored, protect the vulnerable, serve those who suffer, and enable them to develop their capacities and to pursue their aspirations.
10. Ensure that economic activities and institutions at all levels promote human development in an equitable and sustainable manner.
a.Promote the equitable distribution of wealth within nations and among nations.
b.Enhance the intellectual, financial, technical, and social resources of developing nations, and relieve them of onerous international debt.
c.Ensure that all trade supports sustainable resource use, environmental protection, and progressive labor standards.
d.Require multinational corporations and international financial organizations to act transparently in the public good, and hold them accountable for the consequences of their activities.
11. Affirm gender equality and equity as prerequisites to sustainable development and ensure universal access to education, health care, and economic opportunity.
a.Secure the human rights of women and girls and end all violence against them.
b.Promote the active participation of women in all aspects of economic, political, civil, social, and cultural life as full and equal partners, decision makers, leaders, and beneficiaries.
c.Strengthen families and ensure the safety and loving nurture of all family members.
12. Uphold the right of all, without discrimination, to a natural and social environment supportive of human dignity, bodily health, and spiritual well-being, with special attention to the rights of indigenous peoples and minorities.
a.Eliminate discrimination in all its forms, such as that based on race, color, sex, sexual orientation, religion, language, and national, ethnic or social origin.
b.Affirm the right of indigenous peoples to their spirituality, knowledge, lands and resources and to their related practice of sustainable livelihoods.
c.Honor and support the young people of our communities, enabling them to fulfill their essential role in creating sustainable societies.
d.Protect and restore outstanding places of cultural and spiritual significance.
IV. DEMOCRACY, NONVIOLENCE, AND PEACE
13. Strengthen democratic institutions at all levels, and provide transparency and accountability in governance, inclusive participation in decision making, and access to justice.
a.Uphold the right of everyone to receive clear and timely information on environmental matters and all development plans and activities which are likely to affect them or in which they have an interest.
b.Support local, regional and global civil society, and promote the meaningful participation of all interested individuals and organizations in decision making.
c.Protect the rights to freedom of opinion, expression, peaceful assembly, association, and dissent.
Institute effective and efficient access to administrative and independent judicial procedures, including remedies and redress for environmental harm and the threat of such harm.
d.Eliminate corruption in all public and private institutions.
e.Strengthen local communities, enabling them to care for their environments, and assign environmental responsibilities to the levels of government where they can be carried out most effectivel.
14. Integrate into formal education and life-long learning the knowledge, values, and skills needed for a sustainable way of life.
a.Provide all, especially children and youth, with educational opportunities that empower them to contribute actively to sustainable development.
b.Promote the contribution of the arts and humanities as well as the sciences in sustainability education.
c.Enhance the role of the mass media in raising awareness of ecological and social challenges.
d.Recognize the importance of moral and spiritual education for sustainable living.
15. Treat all living beings with respect and consideration.
a.Prevent cruelty to animals kept in human societies and protect them from suffering.
b.Protect wild animals from methods of hunting, trapping, and fishing that cause extreme, prolonged, or avoidable suffering.
c.Avoid or eliminate to the full extent possible the taking or destruction of non-targeted species.
16. Promote a culture of tolerance, nonviolence, and peace.
a.Encourage and support mutual understanding, solidarity, and cooperation among all peoples and within and among nations.
b.Implement comprehensive strategies to prevent violent conflict and use collaborative problem solving to manage and resolve environmental conflicts and other disputes.
c.Demilitarize national security systems to the level of a non-provocative defense posture, and convert military resources to peaceful purposes, including ecological restoration.
d.Eliminate nuclear, biological, and toxic weapons and other weapons of mass destruction.
e.Ensure that the use of orbital and outer space supports environmental protection and peace.
f.Recognize that peace is the wholeness created by right relationships with oneself, other persons, other cultures, other life, Earth, and the larger whole of which all are a part.
THE WAY FORWARD
As never before in history, common destiny beckons us to seek a new beginning. Such renewal is the promise of these Earth Charter principles. To fulfill this promise, we must commit ourselves to adopt and promote the values and objectives of the Charter.
This requires a change of mind and heart. It requires a new sense of global interdependence and universal responsibility. We must imaginatively develop and apply the vision of a sustainable way of life locally, nationally, regionally, and globally. Our cultural diversity is a precious heritage and different cultures will find their own distinctive ways to realize the vision. We must deepen and expand the global dialogue that generated the Earth Charter, for we have much to learn from the ongoing collaborative search for truth and wisdom.
Life often involves tensions between important values. This can mean difficult choices. However, we must find ways to harmonize diversity with unity, the exercise of freedom with the common good, short-term objectives with long-term goals. Every individual, family, organization, and community has a vital role to play. The arts, sciences, religions, educational institutions, media, businesses, nongovernmental organizations, and governments are all called to offer creative leadership. The partnership of government, civil society, and business is essential for effective governance.
In order to build a sustainable global community, the nations of the world must renew their commitment to the United Nations, fulfill their obligations under existing international agreements, and support the implementation of Earth Charter principles with an international legally binding instrument on environment and development.
Let ours be a time remembered for the awakening of a new reverence for life, the firm resolve to achieve sustainability, the quickening of the struggle for justice and peace, and the joyful celebration of life.
22 For we know that the whole creation groaneth and travaileth in pain together until now.
23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.
24 For we are saved by hope: but hope that is seen is not hope: for what a man seeth, why doth he yet hope for?
25 But if we hope for that we see not, then do we with patience wait for it.
JOHN 1:1-5,14,17
1 In the beginning was the Word,(JESUS)and the Word was with God, and the Word was God.(JESUS IS GOD)
2 The same was in the beginning with God.
3 All things were made by him; and without him was not any thing made that was made.
4 In him was life; and the life was the light of men.
5 And the light shineth in darkness; and the darkness comprehended it not.
14 And the Word(JESUS)was made flesh, and dwelt among us, (and we beheld his glory, the glory as of the only begotten of the Father,) full of grace and truth.
17 For the law was given by Moses, but grace and truth came by Jesus Christ.
GOD IS IN CONTROL OF THE EARTH,NO CLIMATE SCAMMERS LIKE NEW AGE ENVIROMENTAL LEFTIST ROBBERS.JESUS WILL REFURBISH THE EARTH WHEN HE RETURNS SHORTLY TO EARTH BODILY TO RESTORE IT.HUMANS DON'T CAUSE CLIMATE CHANGE THE SUN AND THE SON (GOD-JESUS)ARE IN CONTROL OF THE SUN AND THE SO CALLED CLIMATE CHANGE AT HIS WILL.
ISAIAH 30:26-27
26 Moreover the light of the moon shall be as the light of the sun, and the light of the sun shall be sevenfold, as the light of seven days, in the day that the LORD bindeth up the breach of his people, and healeth the stroke of their wound.
27 Behold, the name of the LORD cometh from far, burning with his anger, and the burden thereof is heavy: his lips are full of indignation, and his tongue as a devouring fire:
MATTHEW 24:21-22,29
21 For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be.
22 And except those days should be shortened, there should no flesh be saved: but for the elect’s sake (ISRAELS SAKE) those days shall be shortened (Daylight hours shortened)
29 Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken:
REVELATION 16:7-9
7 And I heard another out of the altar say, Even so, Lord God Almighty, true and righteous are thy judgments.
8 And the fourth angel poured out his vial upon the sun; and power was given unto him to scorch men with fire.
9 And men were scorched with great heat, and blasphemed the name of God, which hath power over these plagues: and they repented not to give him glory.
WHILE WERE ON THE EARTH.IF PEOPLE ONLY KNEW THE TRUE FACTS ABOUT CAP AND TRADE,THERE WOULD BE AN UPROAR AS EVERYHING IN YOUR HOUSEHOLD WILL BE TAXED.I CAN ONLY IMAGINE HOW MUCH TAXES ON THE HOUSEHOLD ENERGY BILLS WILL BE AT LEAST 1 TO 2 THOUSAND DOLLARS A YEAR FOR EACH HOUSEHOLD,THEN IN 20 OR SO YEARS WE WILL ALL BE PAYING 10 TO 12 THOUSAND DOLLARS EXTRA A YEAR FROM THIS CAP AND TRADE GIVE TO THE IMF WORLD GOVERNMENT TAX SCAM.
WITH THIS CAP & TRADE SCAM,1 JOB WILL BE CREATED,2.2 JOBS LOST.THE COMPANIES WILL BE PAYING FOR THIS CAP AND TRADE TAX WHICH IN TURN WILL BE PASSED ON TO EVERY PERSON ON EARTH.WHATEVER IS USED BY ENERGY WILL BE TAXED,THATS EVERYTHING IN OUR HOMES.WIND AND SOLAR ENERGY CAN BE BETWEEN 300% TO 1000% PERCENT MORE EXPENSIVE THEN FOSSEL FUEL ENERGY TODAY.
CAP & TRADE IN DEPTH
http://www.nocapandtrade.us/TNA_Cap&Trade9-20-09.pdf
What we are facing just to start:(by 2030)
$2,872 per family per year in increased energy costs (Listen to what Obama
admits here and what it means here)
$4,600 per family per year total increased taxes.
$662 billion a year loss of GDP or $6,790 per family of four.
Each family of four's share of the debt accumulated by cap and trade would be equal to $114,915
$5.7 Trillion in increased taxes
$9.4 Trillion total GDP cost thru 2030.
$4.35 to $5.10/gallon gas price.
Up to 6 Million lost jobs (based on Spanish experience)
2.2 jobs lost for every green job created (Spanish experience)
$750,000+ cost for every green job created
Trading of carbon credits on the derivatives market -- the same one that caused the financial collapse last year.
Devastating to 3rd World Nations
A MUST SIGHT TO READ THE RESULTS OF CAP & TRADE ROBBERS.
http://nocapandtrade.us/
NO CAP & TRADE ROBBER VIDEOS
http://www.youtube.com/watch?v=CeVh886XHbQ
http://www.youtube.com/watch?v=r9uc_BIT3MA
http://www.youtube.com/watch?v=26BYWp_wFCY
http://www.youtube.com/watch?v=6IMGiNn9hmc
http://www.youtube.com/watch?v=osyXClOQfRE
http://www.youtube.com/watch?v=i_LpmLqFkQ0
WHAT DO SCIENTISTS SAY
http://www.youtube.com/watch?v=5UKI3lKts9Q
http://www.youtube.com/watch?v=Z-9B42RasmQ
http://www.youtube.com/watch?v=2bWrNGSuCTU
http://www.youtube.com/watch?v=nf4LXv6r_cs
http://www.youtube.com/watch?v=0J7LAhSTgxU
http://www.kusi.com/weather/colemanscorner/81583352.html
http://www.augustreview.com/issues/technocracy/carbon_currency:_a_new_beginning_for_technocracy?_20100125155/
MIKE COFFMAN ON JAN MARKELL SHOW
http://www.olivetreeviews.org/radio/mp3/
http://www.nocapandtrade.us/short_videos.htm
GODLESS EARTH CHARTER TEXT
http://www.earthcharter.am/eng/text.html
http://www.earthcharter.am/eng/index.html
What is the Earth Charter?
The Earth Charter is a declaration of fundamental ethical principles for building a just, sustainable and peaceful global society in the 21st century. It seeks to inspire in all people a new sense of global interdependence and shared responsibility for the well-being of the whole human family, the greater community of life, and future generations. It is a vision of hope and a call to action.
The Earth Charter is centrally concerned with the transition to sustainable ways of living and sustainable human development. Ecological integrity is one major theme. However, the Earth Charter recognizes that the goals of ecological protection, the eradication of poverty, equitable economic development, respect for human rights, democracy, and peace are interdependent and indivisible. It provides, therefore, a new, inclusive, integrated ethical framework to guide the transition to a sustainable future.
The Earth Charter is a product of a decade-long, worldwide, cross cultural dialogue on common goals and shared values. The Earth Charter project began as a United Nations initiative, but it was carried forward and completed by a global civil society initiative. The Earth Charter was finalized and then launched as a people’s charter in 2000 by the Earth Charter Commission, an independent international entity.
The drafting of the Earth Charter involved the most inclusive and participatory process ever associated with the creation of an international declaration. This process is the primary source of its legitimacy as a guiding ethical framework. The legitimacy of the document has been further enhanced by its endorsement by over 4,500 organizations, including many governments and international organizations.
In the light of this legitimacy, an increasing number of international lawyers recognize that the Earth Charter is acquiring the status of a soft law document. Soft law documents like the Universal Declaration of Human Rights are considered to be morally, but not legally, binding on state governments that agree to endorse and adopt them, and they often form the basis for the development of hard law.
At a time when major changes in how we think and live are urgently needed, the Earth Charter challenges us to examine our values and to choose a better way. At a time when international partnership is increasingly necessary, the Earth Charter encourages us to search for common ground in the midst of our diversity and to embrace a new global ethic that is shared by an ever-growing number of people throughout the world. At a time when education for sustainable development has become essential, the Earth Charter provides a very valuable educational instrument.
The Earth Charter Text
PREAMBLE
We stand at a critical moment in Earth’s history, a time when humanity must choose its future. As the world becomes increasingly interdependent and fragile, the future at once holds great peril and great promise. To move forward we must recognize that in the midst of a magnificent diversity of cultures and life forms we are one human family and one Earth community with a common destiny. We must join together to bring forth a sustainable global society founded on respect for nature, universal human rights, economic justice, and a culture of peace. Towards this end, it is imperative that we, the peoples of Earth, declare our responsibility to one another, to the greater community of life, and to future generations.
EARTH, OUR HOME
Humanity is part of a vast evolving universe. Earth, our home, is alive with a unique community of life. The forces of nature make existence a demanding and uncertain adventure, but Earth has provided the conditions essential to life’s evolution. The resilience of the community of life and the well-being of humanity depend upon preserving a healthy biosphere with all its ecological systems, a rich variety of plants and animals, fertile soils, pure waters, and clean air. The global environment with its finite resources is a common concern of all peoples. The protection of Earth’s vitality, diversity, and beauty is a sacred trust.
THE GLOBAL SITUATION
The dominant patterns of production and consumption are causing environmental devastation, the depletion of resources, and a massive extinction of species. Communities are being undermined. The benefits of development are not shared equitably and the gap between rich and poor is widening. Injustice, poverty, ignorance, and violent conflict are widespread and the cause of great suffering. An unprecedented rise in human population has overburdened ecological and social systems. The foundations of global security are threatened. These trends are perilous—but not inevitable.
THE CHALLENGES AHEAD
The choice is ours: form a global partnership to care for Earth and one another or risk the destruction of ourselves and the diversity of life. Fundamental changes are needed in our values, institutions, and ways of living. We must realize that when basic needs have been met, human development is primarily about being more, not having more. We have the knowledge and technology to provide for all and to reduce our impacts on the environment. The emergence of a global civil society is creating new opportunities to build a democratic and humane world. Our environmental, economic, political, social, and spiritual challenges are interconnected, and together we can forge inclusive solutions.
UNIVERSAL RESPONSIBILITY
To realize these aspirations, we must decide to live with a sense of universal responsibility, identifying ourselves with the whole Earth community as well as our local communities. We are at once citizens of different nations and of one world in which the local and global are linked. Everyone shares responsibility for the present and future well-being of the human family and the larger living world. The spirit of human solidarity and kinship with all life is strengthened when we live with reverence for the mystery of being, gratitude for the gift of life, and humility regarding the human place in nature.
We urgently need a shared vision of basic values to provide an ethical foundation for the emerging world community. Therefore, together in hope we affirm the following interdependent principles for a sustainable way of life as a common standard by which the conduct of all individuals, organizations, businesses, governments, and transnational institutions is to be guided and assessed.
PRINCIPLES
I. RESPECT AND CARE FOR THE COMMUNITY OF LIFE
1. Respect Earth and life in all its diversity.
a.Recognize that all beings are interdependent and every form of life has value regardless of its worth to human beings.
b.Affirm faith in the inherent dignity of all human beings and in the intellectual, artistic, ethical, and spiritual potential of humanity.
2. Care for the community of life with understanding, compassion, and love.
a.Accept that with the right to own, manage, and use natural resources comes the duty to prevent environmental harm and to protect the rights of people.
b.Affirm that with increased freedom, knowledge, and power comes increased responsibility to promote the common good.
3. Build democratic societies that are just, participatory, sustainable, and peaceful.
a.Ensure that communities at all levels guarantee human rights and fundamental freedoms and provide everyone an opportunity to realize his or her full potential.
b.Promote social and economic justice, enabling all to achieve a secure and meaningful livelihood that is ecologically responsible.
4. Secure Earth’s bounty and beauty for present and future generations.
a.Recognize that the freedom of action of each generation is qualified by the needs of future generations.
b.Transmit to future generations values, traditions, and institutions that support the long-term flourishing of Earth’s human and ecological communities.
II. ECOLOGICAL INTEGRITY
5. Protect and restore the integrity of Earth’s ecological systems, with special concern for biological diversity and the natural processes that sustain life.
a.Adopt at all levels sustainable development plans and regulations that make environmental conservation and rehabilitation integral to all development initiatives.
b.Establish and safeguard viable nature and biosphere reserves, including wild lands and marine areas, to protect Earth’s life support systems, maintain biodiversity, and preserve our natural heritage.
c.Promote the recovery of endangered species and ecosystems.
d.Control and eradicate non-native or genetically modified organisms harmful to native species and the environment, and prevent introduction of such harmful organisms.
e.Manage the use of renewable resources such as water, soil, forest products, and marine life in ways that do not exceed rates of regeneration and that protect the health of ecosystems.
f.Manage the extraction and use of non-renewable resources such as minerals and fossil fuels in ways that minimize depletion and cause no serious environmental damage.
6. Prevent harm as the best method of environmental protection and, when knowledge is limited, apply a precautionary approach.
a.Take action to avoid the possibility of serious or irreversible environmental harm even when scientific knowledge is incomplete or inconclusive.
b.Place the burden of proof on those who argue that a proposed activity will not cause significant harm, and make the responsible parties liable for environmental harm.
c.Ensure that decision making addresses the cumulative, long-term, indirect, long distance, and global consequences of human activities.
d.Prevent pollution of any part of the environment and allow no build-up of radioactive, toxic, or other hazardous substances.
e.Avoid military activities damaging to the environment.
7. Adopt patterns of production, consumption, and reproduction that safeguard Earth’s regenerative capacities, human rights, and community well-being.
a.Reduce, reuse, and recycle the materials used in production and consumption systems, and ensure that residual waste can be assimilated by ecological systems.
b.Act with restraint and efficiency when using energy, and rely increasingly on renewable energy sources such as solar and wind.
c.Promote the development, adoption, and equitable transfer of environmentally sound technologies.
Internalize the full environmental and social costs of goods and services in the selling price, and enable consumers to identify products that meet the highest social and environmental standards.
d.Ensure universal access to health care that fosters reproductive health and responsible reproduction.
e.Adopt lifestyles that emphasize the quality of life and material sufficiency in a finite world.
8. Advance the study of ecological sustainability and promote the open exchange and wide application of the knowledge acquired.
a.Support international scientific and technical cooperation on sustainability, with special attention to the needs of developing nations.
b.Recognize and preserve the traditional knowledge and spiritual wisdom in all cultures that contribute to environmental protection and human well-being.
c.Ensure that information of vital importance to human health and environmental protection, including genetic information, remains available in the public domain.
III. SOCIAL AND ECONOMIC JUSTICE
9. Eradicate poverty as an ethical, social, and environmental imperative.
a.Guarantee the right to potable water, clean air, food security, uncontaminated soil, shelter, and safe sanitation, allocating the national and international resources required.
b.Empower every human being with the education and resources to secure a sustainable livelihood, and provide social security and safety nets for those who are unable to support themselves.
c.Recognize the ignored, protect the vulnerable, serve those who suffer, and enable them to develop their capacities and to pursue their aspirations.
10. Ensure that economic activities and institutions at all levels promote human development in an equitable and sustainable manner.
a.Promote the equitable distribution of wealth within nations and among nations.
b.Enhance the intellectual, financial, technical, and social resources of developing nations, and relieve them of onerous international debt.
c.Ensure that all trade supports sustainable resource use, environmental protection, and progressive labor standards.
d.Require multinational corporations and international financial organizations to act transparently in the public good, and hold them accountable for the consequences of their activities.
11. Affirm gender equality and equity as prerequisites to sustainable development and ensure universal access to education, health care, and economic opportunity.
a.Secure the human rights of women and girls and end all violence against them.
b.Promote the active participation of women in all aspects of economic, political, civil, social, and cultural life as full and equal partners, decision makers, leaders, and beneficiaries.
c.Strengthen families and ensure the safety and loving nurture of all family members.
12. Uphold the right of all, without discrimination, to a natural and social environment supportive of human dignity, bodily health, and spiritual well-being, with special attention to the rights of indigenous peoples and minorities.
a.Eliminate discrimination in all its forms, such as that based on race, color, sex, sexual orientation, religion, language, and national, ethnic or social origin.
b.Affirm the right of indigenous peoples to their spirituality, knowledge, lands and resources and to their related practice of sustainable livelihoods.
c.Honor and support the young people of our communities, enabling them to fulfill their essential role in creating sustainable societies.
d.Protect and restore outstanding places of cultural and spiritual significance.
IV. DEMOCRACY, NONVIOLENCE, AND PEACE
13. Strengthen democratic institutions at all levels, and provide transparency and accountability in governance, inclusive participation in decision making, and access to justice.
a.Uphold the right of everyone to receive clear and timely information on environmental matters and all development plans and activities which are likely to affect them or in which they have an interest.
b.Support local, regional and global civil society, and promote the meaningful participation of all interested individuals and organizations in decision making.
c.Protect the rights to freedom of opinion, expression, peaceful assembly, association, and dissent.
Institute effective and efficient access to administrative and independent judicial procedures, including remedies and redress for environmental harm and the threat of such harm.
d.Eliminate corruption in all public and private institutions.
e.Strengthen local communities, enabling them to care for their environments, and assign environmental responsibilities to the levels of government where they can be carried out most effectivel.
14. Integrate into formal education and life-long learning the knowledge, values, and skills needed for a sustainable way of life.
a.Provide all, especially children and youth, with educational opportunities that empower them to contribute actively to sustainable development.
b.Promote the contribution of the arts and humanities as well as the sciences in sustainability education.
c.Enhance the role of the mass media in raising awareness of ecological and social challenges.
d.Recognize the importance of moral and spiritual education for sustainable living.
15. Treat all living beings with respect and consideration.
a.Prevent cruelty to animals kept in human societies and protect them from suffering.
b.Protect wild animals from methods of hunting, trapping, and fishing that cause extreme, prolonged, or avoidable suffering.
c.Avoid or eliminate to the full extent possible the taking or destruction of non-targeted species.
16. Promote a culture of tolerance, nonviolence, and peace.
a.Encourage and support mutual understanding, solidarity, and cooperation among all peoples and within and among nations.
b.Implement comprehensive strategies to prevent violent conflict and use collaborative problem solving to manage and resolve environmental conflicts and other disputes.
c.Demilitarize national security systems to the level of a non-provocative defense posture, and convert military resources to peaceful purposes, including ecological restoration.
d.Eliminate nuclear, biological, and toxic weapons and other weapons of mass destruction.
e.Ensure that the use of orbital and outer space supports environmental protection and peace.
f.Recognize that peace is the wholeness created by right relationships with oneself, other persons, other cultures, other life, Earth, and the larger whole of which all are a part.
THE WAY FORWARD
As never before in history, common destiny beckons us to seek a new beginning. Such renewal is the promise of these Earth Charter principles. To fulfill this promise, we must commit ourselves to adopt and promote the values and objectives of the Charter.
This requires a change of mind and heart. It requires a new sense of global interdependence and universal responsibility. We must imaginatively develop and apply the vision of a sustainable way of life locally, nationally, regionally, and globally. Our cultural diversity is a precious heritage and different cultures will find their own distinctive ways to realize the vision. We must deepen and expand the global dialogue that generated the Earth Charter, for we have much to learn from the ongoing collaborative search for truth and wisdom.
Life often involves tensions between important values. This can mean difficult choices. However, we must find ways to harmonize diversity with unity, the exercise of freedom with the common good, short-term objectives with long-term goals. Every individual, family, organization, and community has a vital role to play. The arts, sciences, religions, educational institutions, media, businesses, nongovernmental organizations, and governments are all called to offer creative leadership. The partnership of government, civil society, and business is essential for effective governance.
In order to build a sustainable global community, the nations of the world must renew their commitment to the United Nations, fulfill their obligations under existing international agreements, and support the implementation of Earth Charter principles with an international legally binding instrument on environment and development.
Let ours be a time remembered for the awakening of a new reverence for life, the firm resolve to achieve sustainability, the quickening of the struggle for justice and peace, and the joyful celebration of life.
DAVOS NEWS - WHATS HAPPENING
WEF DAVOS
http://www.weforum.org/en/index.htm
2010 TRANSCRIPS
http://www.weforum.org/en/events/AnnualMeeting2010/Transcripts/index.htm
LIVE STREAM AT DAVOS 2010
http://wef2010.unitec-media.tv/livestream/live.html
2006-2009 HIGHLIGHTS
http://www.weforum.org/en/events/ArchivedEvents/AnnualMeeting2009/index.htm
DAVOS HIGHLIGHTS JAN 27,10
http://wef2010.unitec-media.tv/20100127/20100127.html
DAVOS HIGHLIGHTS JAN 28,10
http://wef2010.unitec-media.tv/20100128/20100128.html
DAVOS HIGHLIGHTS JAN 29,10
http://wef2010.unitec-media.tv/20100129/20100129.html
DAVOS HIGHLIGHTS JAN 30,10
http://wef2010.unitec-media.tv/20100130/20100130.html
DAVOS HIGHLIGHTS JAN 31,10
http://www.weforum.org/en/events/AnnualMeeting2010/Sun31/index.htm
BLOOMBERG VIDEO FROM DAVOS
http://www.youtube.com/watch?v=KrmX7C5D9IQ&feature=player_embedded
http://www.youtube.com/watch?v=ZLj4Xgd1qtI&feature=player_embedded
http://www.youtube.com/watch?v=yDyoGReZDeU&feature=player_embedded
http://www.youtube.com/watch?v=aU7Q7mblI50&feature=player_embedded
http://www.youtube.com/watch?v=0g7GIKrcmdk&feature=player_embedded
http://www.youtube.com/watch?v=yDyoGReZDeU&feature=player_embedded
http://www.youtube.com/watch?v=UnU2dpw2g2k&feature=player_embedded
http://www.youtube.com/watch?v=wnBetu_JBpo&feature=player_embedded
http://www.youtube.com/watch?v=_UwUWOr2Zgo&feature=player_embedded
http://www.youtube.com/watch?v=ip8udTgWfZQ&feature=player_embedded
http://www.youtube.com/watch?v=UJaF9haoa-U&feature=player_embedded
http://www.youtube.com/watch?v=fbFUW-Dzi4c&feature=player_embedded
Banks, Officials Find Common Ground at Davos Meeting (Update1) By Jana Randow and Aaron Kirchfeld
Jan. 30 (Bloomberg) -- Policy makers and bankers called a truce after a week of mutual recrimination at the World Economic Forum annual meeting, saying they agreed on the need for global financial regulations. On many aspects, we found common ground,Deutsche Bank AG Chief Executive Officer Josef Ackermann said in an interview today after a private session of bankers and regulators in Davos, Switzerland. There was better dialogue between business leaders, political and regulatory leaders than ever before.The meeting came after policy makers pushed back at bankers who had warned of excessive and uncoordinated attempts to toughen regulation following unprecedented government bailouts of the financial industry. Executives from Bank of America Corp., HSBC Holdings Plc, Standard Chartered Plc and JPMorgan Chase & Co. were among those in attendance. There are very important issues to which there needs to be input from the politicians, from the regulators, from the central bankers, from the private bankers and from the private sector, Adair Turner, chairman of the U.K.’s Financial Services Authority, said after the meeting. The purpose was to discuss the full range of issues. One of the topics was how to define whether an institution is too big to fail, meaning that its collapse would harm the entire financial system, according to John Sununu, a former U.S. senator who’s on the board of managers of Bank of New York Mellon Corp.’s ConvergEx Holdings LLC. He attended the meeting. Some people think you need to try, and others think you need to understand that small institutions with certain interconnectedness can cause systemic problems just as much as large institutions,Sununu said.Larger institutions can sometimes use their size to effectively diversify their risk.
Terms of Reform
We had good discussions and agreement among all the participants,said Brian Moynihan, the CEO of Bank of America, the largest U.S. bank.There has to be a lot of discussion to make sure that we do the things we need to do in terms of reform.HSBC Chairman Stephen Green, Standard Chartered CEO Peter Sands and JPMorgan’s international chairman, Jacob Frenkel, also were at the meeting, along with White House economic adviser Larry Summers, U.K. Chancellor of the Exchequer Alistair Darling and French Finance Minister Christine Lagarde. Central bankers at the gathering included Zhu Min, the deputy governor of the People’s Bank of China, Italy’s Mario Draghi, France’s Christian Noyer, Mexico’s Agustin Carstens and Switzerland’s Philipp Hildebrand.
Leaving Behind Rhetoric
It was the first time I’ve seen both sides go beyond the rhetoric,Duncan Niederauer, CEO of New York Stock Exchange owner NYSE Euronext, said after the meeting.There were practical suggestions being discussed. It’s now everyone’s responsibility to produce some tangible results.Terry Smith, CEO of London-based brokerage Tullett Prebon Plc, said one topic was contingent capital, or debt instruments that can convert into equity. I don’t know of any other opportunity that the high-level ministerial and regulatory officials there have to interact with such a broad group of participants from the private sector,Sununu said.There was a very direct, frank exchange because it is a private session.U.S. President Barack Obama’s plans to rein in banks and impose a levy on those with liabilities of more then $50 billion went beyond the blueprint laid out by the Group of 20 nations last year. To avoid a repeat of the worst financial crisis since the Great Depression, G-20 leaders said banks should tie bonuses to long-term performance and increase the quantity and quality of capital they hold.
Trading Restrictions
Financiers, surprised by Obama’s embrace of a plan to restrict proprietary trading and investing at banks, have argued in Davos that such efforts undermine global cooperation and could jeopardize economic recovery. Officials, including Darling and U.S. Representative Barney Frank, who chairs the House Financial Services Committee, countered that banks shouldn’t argue against reforms. The big banks, if they think they’re in a position to stop the regulation, they’re deluding themselves,Frank said yesterday.They have no political support.Today, Frank said banks got the message on the need for more regulation. He said there was general agreement on the need for global coordination. A large part of the discussion was with other regulators about how we can coordinate,Frank said after the meeting. After that, Frank left to meet with Turner from the U.K.’s Financial Services Authority. To contact the reporter on this story: Jana Randow in Davos at jrandow@bloomberg.netAaron Kirchfeld in Davos at akirchfeld@bloomberg.net
Zhu Says China to Keep Yuan Policy, Fight Inflation (Update1) By Simon Kennedy and Rob Delaney
Jan. 30 (Bloomberg) -- People’s Bank of China Deputy Governor Zhu Min said his government’s main goal is capping inflation and signaled officials have no immediate plans to change their currency or monetary policies. The first challenge is inflation expectations,said Zhu in Davos, Switzerland, where he is attending the annual meeting of the World Economic Forum. We’ll continue with current accommodative fiscal and monetary policy,and added that a stable yuan has helped China during the financial crisis. China grew faster than economists anticipated in the fourth quarter, and the inflation rate accelerated to a 13-month high of 1.9 percent in December. The speed of those expansions is putting officials under pressure to consider tightening policy or allowing the yuan to gain. Zhu said overcapacity also poses challenges for the government, which is continuing efforts to rebalance the economy toward domestic consumption and away from export-led growth. Overcapacity in steel, cement and shipbuilding should be reined in, he said.
China wants to ensure the growth path is stable all the year along,between 8 percent and 9 percent, Zhu said. The Chinese economy expanded 10.7 percent during the last quarter of 2009 from a year earlier, the fastest pace since 2007, buoyed by new loans. The International Monetary Fund forecasts China’s growth will accelerate this year to 10 percent from 8.7 percent in 2009.
Davos Demands
China is poised to overtake Japan this year to become the second-largest economy after the U.S. China’s GDP was 33.5 trillion yuan last year, the statistics bureau said Jan. 21, almost the same as the World Bank’s 2008 estimate for Japan.
Billionaire investor George Soros and U.S. Representative Barney Frank were among Davos delegates that urged China this week to allow its currency to strengthen. The world’s fastest- growing major economy has controlled the yuan since July 2008 after it strengthened 21 percent against the dollar over the previous three years. Zhu said stability is important for China’s economy and that a stable exchange rate during a crisis is good for China and good for world.He argued any change would only play a small part in rebalancing the world economy although China is willing to work with other nations in withdrawing emergency stimulus. You change exchange rates, you don’t necessarily change the trade balance,he said. Controlling inflation expectations will be very important in 2010 and money and loan growth is very strong,he said.
Chinese regulators began restricting new loans after a surge in bank lending since Jan. 1 and an unprecedented credit growth of 9.59 trillion yuan ($1.4 trillion) in 2009 fanned concerns of a property bubble. To contact the reporter on this story: Simon Kennedy in Davos at skennedy4@bloomberg.net; Rob Delaney in Davos at robdelaney@bloomberg.net
Emerging Markets Will Drive M&A This Year, Bankers in Davos Say By Jacqueline Simmons
Jan. 30 (Bloomberg) -- Companies based in emerging markets will probably drive global mergers and acquisitions, as countries such as Brazil, India and China fuel economic growth, said bankers meeting this week in Davos, Switzerland. There will be a lot of corporate finance and M&A coming out of emerging markets,said Sadeq Sayeed, Nomura Holdings Inc.’s European chief, at the annual meeting of the World Economic Forum. Capital and savings ratios in Asia are so great, and to grow there is a need for countries like India to have Western-style governance and accountancy, and that means there will be more acquisitions.While takeovers in regions including Asia, eastern Europe and South America have declined by 17 percent to $743 billion over the past 12 months, the drop wasn’t nearly as steep as in Europe and North America, according to data compiled by Bloomberg. Those regions had a combined decline of 34 percent. Near-term secular growth doesn’t exist in the developed economies, so more of the activity, both target and acquirer, will likely occur in Brazil, Russia, India and China, said Peter Weinberg, a founding partner of New York-based investment bank Perella Weinberg Partners LP. BP Plc, based in London, is interested in acquiring assets in Brazil and is working with China Petrochemical Corp. to expand in Asia, Chief Executive Officer Tony Hayward said yesterday in Davos. Carlyle Group co-founder David Rubenstein on Jan. 27 said emerging markets are the best place to invest as their economies grow faster than the developed world.
Attractive Places
Emerging markets are the most attractive places to invest and are rebounding more rapidly,Rubenstein said, referring to China, India and Brazil, South Korea and Turkey.We’ll see lots of capital going into these countries.The International Monetary Fund this week said the global economy this year will be stronger than it previously forecast, driven by emerging markets. Emerging and developing economies will grow 6 percent this year, almost triple the 2.1 percent pace forecast for advanced economies, the IMF predicted Jan. 26. Companies have disclosed an increase in transactions of about 22 percent over the past two months as firms revive deals that were shelved or postponed during the credit crunch. People found in the go-go years they were able to run debt-equity ratios that were higher and those gave rise to the ability to buy things and run conglomerates,said Sayeed.That may not make sense anymore and conglomerates may break down.Weinberg said a reasonable number of large, conservatively capitalized companies are eyeing both domestic and cross-border opportunities. To the extent that the confidence in the recovery doesn’t decline, I think that we will see these large entities capitalize on their strength to create value in this marketplace,he said.To contact the reporter on this story: Jacqueline Simmons in Davos, Switzerland at jackiem@bloomberg.net
Roubini Calls U.S. Growth Dismal and Poor, Predicts Slowing
By Simon Kennedy and Erik Schatzker
Jan. 30 (Bloomberg) -- New York University Professor Nouriel Roubini, who anticipated the financial crisis, called the fourth quarter surge in U.S. economic growth very dismal and poor because it relied on temporary factors. Roubini said more than half of the 5.7 percent expansion reported yesterday by the government was related to a replenishing of inventories and that consumption depended on monetary and fiscal stimulus. As these forces ebb, growth will slow to just 1.5 percent in the second half of 2010, he said. The headline number will look large and big, but actually when you dissect it, it’s very dismal and poor, Roubini told Bloomberg Television in an interview at the World Economic Forum’s annual meeting in Davos, Switzerland.I think we are in trouble.Roubini said while the world’s largest economy won’t relapse into recession, unemployment will rise from the current 10 percent, posing social and political challenges. It’s going to feel like a recession even if technically we’re not going to be in a recession, he said. To contact the reporter on this story: Simon Kennedy in Davos at skennedy4@bloomberg.net
In Davos, Regulators Tell Bankers New Rules Coming
Published: Saturday, 30 Jan 2010 | 8:23 AM ET CNBC.com
DAVOS, Switzerland - Government regulators from the United States and Europe laid out their financial reform plans Saturday before a skeptical banking industry, asking financiers for input but adamant that change was coming with or without their support. Emerging from the two-hour meeting as its unofficial spokesman, U.S. Representative Barney Frank made it clear that governments were now calling the shots after spending billions to bail out the industry. Top bankers, by contrast, who came into this week's World Economic Forum buoyed by signs of economic recovery, left somewhat subdued even as they called the closed-door meeting constructive. No one got up and said, Don't regulate us, said Frank, a Massachusetts Democrat who heads the U.S. House Financial Services Committee.It would have been a waste of their time if they did.The meeting comes after days of tension at this Swiss Alpine resort over government plans for stricter controls on the financial industry to limit speculation and avoid a repeat of the 2008 meltdown that plunged the world into recession. Bankers have protested, saying the U.S. and other countries risk choking off a gradual economic recovery with regulation they see as heavy-handed. The event was not on the forum's official agenda, but quickly became the most significant development of the day.
We are determined to do strong, sensible regulation,Frank said, rejecting any notion that President Barack Obama's administration could sink the economy again with too many new controls on the banking industry. That's nonsense, Frank told reporters. What we're trying globally to recover from is a total lack of regulation.On the government side, those at the meeting included Lawrence H. Summers, Obama's top economic adviser, British treasury chief Alistair Darling, French Finance Minister Christine Lagarde and Jean-Claude Trichet, president of the European Central Bank, which oversees the 16-nation euro zone. Bankers attending the private talks included Josef Ackermann, chief executive of Deutsche Bank AG, Bank of America Corp. CEO Brian Moynihan and JPMorgan Chase & Co. Chairman Jacob Frenkel. It was the most constructive dialogue I've seen between policymakers and industry officials and hopefully that's a base people can build from,said Duncan Niederauer, CEO of stock exchange operator NYSE Euronext Inc.It was the first time I've seen both sides go beyond the rhetoric. There were practical suggestions being discussed.The banks were asked for their input, Frank said, adding that he believed they got the message that tighter controls were coming. Frankly it doesn't matter if they did or didn't, Frank said.They aren't in charge of this.Frank said the most important element of the meeting was coordinating and better understanding the various approaches that governments are taking to stabilize and prevent excessive risks in their financial industries. The aim was not to push for a global financial governing system, Frank said, saying each country could deal with the crisis on its own terms. A large part of the discussion was on the regulators, to talk about how we can coordinate so we don't create opportunities for (banks) to move from one place to another to escape regulation,he said, adding that some of the strongest concerns over U.S. developments have come from international regulators.
Frank earlier told The Associated Press that some countries got used to the U.S. being the least regulated and they almost resent the fact we are going ahead with regulations, that we are taking the lead.He declined to say which national regulators he was referring to. No one at the Saturday meeting elaborated on any concrete proposals or agreements that were discussed. The head of Britain's Financial Services Authority said the banks didn't ask for anything at the talks. It was not a negotiation or a debate,Adair Turner said. Frank and Turner later held one-on-one discussions. Ackermann of Deutsche Bank called it an excellent, useful meeting, while Joaquin Almunia, the European Union's competition commissioner, said it was not the place to make decisions.It was constructive. Not conclusive, but constructive,Almunia said.
Moynihan of Bank of America and Frenkel of JPMorgan Chase declined to comment.
Dominique Strauss-Kahn, the International Monetary Fund chief, said financial sector reforms should be bold but handled in close cooperation so that no countries suffer as a result. My fear is that we may ... forget one of the key lessons of the crisis, which is coordination,he said at a separate panel after the meeting ended.
CNBC AT DAVOS VIDEOS
http://www.cnbc.com/id/15840232?video=1399467182&play=1
http://www.cnbc.com/id/15840232?video=1399447445&play=1
http://www.cnbc.com/id/15840232?video=1399409843&play=1
http://www.cnbc.com/id/15840232?video=1399241227&play=1
http://www.cnbc.com/id/15840232?video=1399059417&play=1
http://www.cnbc.com/id/15840232?video=1399030210&play=1
http://www.cnbc.com/id/15840232?video=1399026096&play=1
http://www.cnbc.com/id/15840232?video=1399440488&play=1
http://www.cnbc.com/id/15840232?video=1398617052&play=1
http://www.cnbc.com/id/15840232?video=1398563511&play=1
BERNANKE RECONFIRMED
http://www.cnbc.com/id/15840232?video=1398606710&play=1
http://www.cnbc.com/id/15840232?video=1398530949&play=1
BERNANKE VOTE
http://www.cnbc.com/id/15840232?video=1398565207&play=1
OBAMA SOU LIES AND DECEPTION
http://www.cnbc.com/id/15840232?video=1398107479&play=1
http://www.cnbc.com/id/15840232?video=1398108427&play=1
http://www.cnbc.com/id/15840232?video=1398108457&play=1
GEITHNER GRILLED
http://www.cnbc.com/id/15840232?video=1396222657&play=1
http://www.cnbc.com/id/15840232?video=1397058054&play=1
http://www.cnbc.com/id/15840232?video=1397084834&play=1
http://www.cnbc.com/id/15840232?video=1397101420&play=1
http://www.cnbc.com/id/15840232?video=1397118672&play=1
http://www.cnbc.com/id/15840232?video=1397101402&play=1
http://www.cnbc.com/id/15840232?video=1397139220&play=1
http://www.cnbc.com/id/15840232?video=1397147161&play=1
http://www.cnbc.com/id/15840232?video=1397128472&play=1
http://www.cnbc.com/id/15840232?video=1397191375&play=1
http://www.cnbc.com/id/15840232?video=1397242687&play=1
PAULSON GRILLED
http://www.cnbc.com/id/15840232?video=1397221718&play=1
http://www.cnbc.com/id/15840232?video=1397260653&play=1
http://www.cnbc.com/id/15840232?video=1397293876&play=1
http://www.cnbc.com/id/15840232?video=1397280224&play=1
http://www.cnbc.com/id/15840232?video=1397260696&play=1
WORLDS BIGGEST DEBTORS
http://www.cnbc.com/id/30308959
BERNANKE BACKERS AT DAVOS
http://www.cnbc.com/id/35099702
http://www.cnbc.com/id/35141895
UN Climate Chief : Climate Crisis An Economic Agenda Friday, 29 Jan 2010 | 1:28 PM ET By: April Lee Special to CNBC.com
The UN's top environmental official Friday stressed the climate change crisis as a key component of economic recovery that needs rebranding as an economic issue.Yvo de Boer, executive secretary of the UN Framework Convention on Climate Change, called climate change an economic agenda rather than a green agenda. It needs to be explained more clearly that this is about energy security and jobs going in a different direction.Pointing to President Obama’s economic recovery package, De Boer suggested that climate change might be hindering debate and thus the issue could be raised more anonymously.De Boer made the comments in a CNBC interview at the World Economic Forum's annual meeting Friday in Davos, Switzerland. The UN official addressed skeptics of climate change in the audience by noting that 120 heads of state of government decided to come to Copenhagen because they think climate is important.The recently completed UN climate conference in Copenhagen ended with broad policy agreement on reducing carbon emissions, but fewer-than-expected tangible goals.De Boer acknowledged that one impediment to more progress in Copenhagen was that developing countries were afraid that targets were being imposed on them, which would slow down their economic growth and the eradication of poverty.
Climate change was a relatively low-profile issue in Davos this year after being a centerpiece item in 2009.In order reach a political consensus and a subsequent legal agreement, De Boer maintained the importance of rebuilding trust in the program and making the case more clearly that this is actually about growth, not about slowing growth down.
http://www.weforum.org/en/index.htm
2010 TRANSCRIPS
http://www.weforum.org/en/events/AnnualMeeting2010/Transcripts/index.htm
LIVE STREAM AT DAVOS 2010
http://wef2010.unitec-media.tv/livestream/live.html
2006-2009 HIGHLIGHTS
http://www.weforum.org/en/events/ArchivedEvents/AnnualMeeting2009/index.htm
DAVOS HIGHLIGHTS JAN 27,10
http://wef2010.unitec-media.tv/20100127/20100127.html
DAVOS HIGHLIGHTS JAN 28,10
http://wef2010.unitec-media.tv/20100128/20100128.html
DAVOS HIGHLIGHTS JAN 29,10
http://wef2010.unitec-media.tv/20100129/20100129.html
DAVOS HIGHLIGHTS JAN 30,10
http://wef2010.unitec-media.tv/20100130/20100130.html
DAVOS HIGHLIGHTS JAN 31,10
http://www.weforum.org/en/events/AnnualMeeting2010/Sun31/index.htm
BLOOMBERG VIDEO FROM DAVOS
http://www.youtube.com/watch?v=KrmX7C5D9IQ&feature=player_embedded
http://www.youtube.com/watch?v=ZLj4Xgd1qtI&feature=player_embedded
http://www.youtube.com/watch?v=yDyoGReZDeU&feature=player_embedded
http://www.youtube.com/watch?v=aU7Q7mblI50&feature=player_embedded
http://www.youtube.com/watch?v=0g7GIKrcmdk&feature=player_embedded
http://www.youtube.com/watch?v=yDyoGReZDeU&feature=player_embedded
http://www.youtube.com/watch?v=UnU2dpw2g2k&feature=player_embedded
http://www.youtube.com/watch?v=wnBetu_JBpo&feature=player_embedded
http://www.youtube.com/watch?v=_UwUWOr2Zgo&feature=player_embedded
http://www.youtube.com/watch?v=ip8udTgWfZQ&feature=player_embedded
http://www.youtube.com/watch?v=UJaF9haoa-U&feature=player_embedded
http://www.youtube.com/watch?v=fbFUW-Dzi4c&feature=player_embedded
Banks, Officials Find Common Ground at Davos Meeting (Update1) By Jana Randow and Aaron Kirchfeld
Jan. 30 (Bloomberg) -- Policy makers and bankers called a truce after a week of mutual recrimination at the World Economic Forum annual meeting, saying they agreed on the need for global financial regulations. On many aspects, we found common ground,Deutsche Bank AG Chief Executive Officer Josef Ackermann said in an interview today after a private session of bankers and regulators in Davos, Switzerland. There was better dialogue between business leaders, political and regulatory leaders than ever before.The meeting came after policy makers pushed back at bankers who had warned of excessive and uncoordinated attempts to toughen regulation following unprecedented government bailouts of the financial industry. Executives from Bank of America Corp., HSBC Holdings Plc, Standard Chartered Plc and JPMorgan Chase & Co. were among those in attendance. There are very important issues to which there needs to be input from the politicians, from the regulators, from the central bankers, from the private bankers and from the private sector, Adair Turner, chairman of the U.K.’s Financial Services Authority, said after the meeting. The purpose was to discuss the full range of issues. One of the topics was how to define whether an institution is too big to fail, meaning that its collapse would harm the entire financial system, according to John Sununu, a former U.S. senator who’s on the board of managers of Bank of New York Mellon Corp.’s ConvergEx Holdings LLC. He attended the meeting. Some people think you need to try, and others think you need to understand that small institutions with certain interconnectedness can cause systemic problems just as much as large institutions,Sununu said.Larger institutions can sometimes use their size to effectively diversify their risk.
Terms of Reform
We had good discussions and agreement among all the participants,said Brian Moynihan, the CEO of Bank of America, the largest U.S. bank.There has to be a lot of discussion to make sure that we do the things we need to do in terms of reform.HSBC Chairman Stephen Green, Standard Chartered CEO Peter Sands and JPMorgan’s international chairman, Jacob Frenkel, also were at the meeting, along with White House economic adviser Larry Summers, U.K. Chancellor of the Exchequer Alistair Darling and French Finance Minister Christine Lagarde. Central bankers at the gathering included Zhu Min, the deputy governor of the People’s Bank of China, Italy’s Mario Draghi, France’s Christian Noyer, Mexico’s Agustin Carstens and Switzerland’s Philipp Hildebrand.
Leaving Behind Rhetoric
It was the first time I’ve seen both sides go beyond the rhetoric,Duncan Niederauer, CEO of New York Stock Exchange owner NYSE Euronext, said after the meeting.There were practical suggestions being discussed. It’s now everyone’s responsibility to produce some tangible results.Terry Smith, CEO of London-based brokerage Tullett Prebon Plc, said one topic was contingent capital, or debt instruments that can convert into equity. I don’t know of any other opportunity that the high-level ministerial and regulatory officials there have to interact with such a broad group of participants from the private sector,Sununu said.There was a very direct, frank exchange because it is a private session.U.S. President Barack Obama’s plans to rein in banks and impose a levy on those with liabilities of more then $50 billion went beyond the blueprint laid out by the Group of 20 nations last year. To avoid a repeat of the worst financial crisis since the Great Depression, G-20 leaders said banks should tie bonuses to long-term performance and increase the quantity and quality of capital they hold.
Trading Restrictions
Financiers, surprised by Obama’s embrace of a plan to restrict proprietary trading and investing at banks, have argued in Davos that such efforts undermine global cooperation and could jeopardize economic recovery. Officials, including Darling and U.S. Representative Barney Frank, who chairs the House Financial Services Committee, countered that banks shouldn’t argue against reforms. The big banks, if they think they’re in a position to stop the regulation, they’re deluding themselves,Frank said yesterday.They have no political support.Today, Frank said banks got the message on the need for more regulation. He said there was general agreement on the need for global coordination. A large part of the discussion was with other regulators about how we can coordinate,Frank said after the meeting. After that, Frank left to meet with Turner from the U.K.’s Financial Services Authority. To contact the reporter on this story: Jana Randow in Davos at jrandow@bloomberg.netAaron Kirchfeld in Davos at akirchfeld@bloomberg.net
Zhu Says China to Keep Yuan Policy, Fight Inflation (Update1) By Simon Kennedy and Rob Delaney
Jan. 30 (Bloomberg) -- People’s Bank of China Deputy Governor Zhu Min said his government’s main goal is capping inflation and signaled officials have no immediate plans to change their currency or monetary policies. The first challenge is inflation expectations,said Zhu in Davos, Switzerland, where he is attending the annual meeting of the World Economic Forum. We’ll continue with current accommodative fiscal and monetary policy,and added that a stable yuan has helped China during the financial crisis. China grew faster than economists anticipated in the fourth quarter, and the inflation rate accelerated to a 13-month high of 1.9 percent in December. The speed of those expansions is putting officials under pressure to consider tightening policy or allowing the yuan to gain. Zhu said overcapacity also poses challenges for the government, which is continuing efforts to rebalance the economy toward domestic consumption and away from export-led growth. Overcapacity in steel, cement and shipbuilding should be reined in, he said.
China wants to ensure the growth path is stable all the year along,between 8 percent and 9 percent, Zhu said. The Chinese economy expanded 10.7 percent during the last quarter of 2009 from a year earlier, the fastest pace since 2007, buoyed by new loans. The International Monetary Fund forecasts China’s growth will accelerate this year to 10 percent from 8.7 percent in 2009.
Davos Demands
China is poised to overtake Japan this year to become the second-largest economy after the U.S. China’s GDP was 33.5 trillion yuan last year, the statistics bureau said Jan. 21, almost the same as the World Bank’s 2008 estimate for Japan.
Billionaire investor George Soros and U.S. Representative Barney Frank were among Davos delegates that urged China this week to allow its currency to strengthen. The world’s fastest- growing major economy has controlled the yuan since July 2008 after it strengthened 21 percent against the dollar over the previous three years. Zhu said stability is important for China’s economy and that a stable exchange rate during a crisis is good for China and good for world.He argued any change would only play a small part in rebalancing the world economy although China is willing to work with other nations in withdrawing emergency stimulus. You change exchange rates, you don’t necessarily change the trade balance,he said. Controlling inflation expectations will be very important in 2010 and money and loan growth is very strong,he said.
Chinese regulators began restricting new loans after a surge in bank lending since Jan. 1 and an unprecedented credit growth of 9.59 trillion yuan ($1.4 trillion) in 2009 fanned concerns of a property bubble. To contact the reporter on this story: Simon Kennedy in Davos at skennedy4@bloomberg.net; Rob Delaney in Davos at robdelaney@bloomberg.net
Emerging Markets Will Drive M&A This Year, Bankers in Davos Say By Jacqueline Simmons
Jan. 30 (Bloomberg) -- Companies based in emerging markets will probably drive global mergers and acquisitions, as countries such as Brazil, India and China fuel economic growth, said bankers meeting this week in Davos, Switzerland. There will be a lot of corporate finance and M&A coming out of emerging markets,said Sadeq Sayeed, Nomura Holdings Inc.’s European chief, at the annual meeting of the World Economic Forum. Capital and savings ratios in Asia are so great, and to grow there is a need for countries like India to have Western-style governance and accountancy, and that means there will be more acquisitions.While takeovers in regions including Asia, eastern Europe and South America have declined by 17 percent to $743 billion over the past 12 months, the drop wasn’t nearly as steep as in Europe and North America, according to data compiled by Bloomberg. Those regions had a combined decline of 34 percent. Near-term secular growth doesn’t exist in the developed economies, so more of the activity, both target and acquirer, will likely occur in Brazil, Russia, India and China, said Peter Weinberg, a founding partner of New York-based investment bank Perella Weinberg Partners LP. BP Plc, based in London, is interested in acquiring assets in Brazil and is working with China Petrochemical Corp. to expand in Asia, Chief Executive Officer Tony Hayward said yesterday in Davos. Carlyle Group co-founder David Rubenstein on Jan. 27 said emerging markets are the best place to invest as their economies grow faster than the developed world.
Attractive Places
Emerging markets are the most attractive places to invest and are rebounding more rapidly,Rubenstein said, referring to China, India and Brazil, South Korea and Turkey.We’ll see lots of capital going into these countries.The International Monetary Fund this week said the global economy this year will be stronger than it previously forecast, driven by emerging markets. Emerging and developing economies will grow 6 percent this year, almost triple the 2.1 percent pace forecast for advanced economies, the IMF predicted Jan. 26. Companies have disclosed an increase in transactions of about 22 percent over the past two months as firms revive deals that were shelved or postponed during the credit crunch. People found in the go-go years they were able to run debt-equity ratios that were higher and those gave rise to the ability to buy things and run conglomerates,said Sayeed.That may not make sense anymore and conglomerates may break down.Weinberg said a reasonable number of large, conservatively capitalized companies are eyeing both domestic and cross-border opportunities. To the extent that the confidence in the recovery doesn’t decline, I think that we will see these large entities capitalize on their strength to create value in this marketplace,he said.To contact the reporter on this story: Jacqueline Simmons in Davos, Switzerland at jackiem@bloomberg.net
Roubini Calls U.S. Growth Dismal and Poor, Predicts Slowing
By Simon Kennedy and Erik Schatzker
Jan. 30 (Bloomberg) -- New York University Professor Nouriel Roubini, who anticipated the financial crisis, called the fourth quarter surge in U.S. economic growth very dismal and poor because it relied on temporary factors. Roubini said more than half of the 5.7 percent expansion reported yesterday by the government was related to a replenishing of inventories and that consumption depended on monetary and fiscal stimulus. As these forces ebb, growth will slow to just 1.5 percent in the second half of 2010, he said. The headline number will look large and big, but actually when you dissect it, it’s very dismal and poor, Roubini told Bloomberg Television in an interview at the World Economic Forum’s annual meeting in Davos, Switzerland.I think we are in trouble.Roubini said while the world’s largest economy won’t relapse into recession, unemployment will rise from the current 10 percent, posing social and political challenges. It’s going to feel like a recession even if technically we’re not going to be in a recession, he said. To contact the reporter on this story: Simon Kennedy in Davos at skennedy4@bloomberg.net
In Davos, Regulators Tell Bankers New Rules Coming
Published: Saturday, 30 Jan 2010 | 8:23 AM ET CNBC.com
DAVOS, Switzerland - Government regulators from the United States and Europe laid out their financial reform plans Saturday before a skeptical banking industry, asking financiers for input but adamant that change was coming with or without their support. Emerging from the two-hour meeting as its unofficial spokesman, U.S. Representative Barney Frank made it clear that governments were now calling the shots after spending billions to bail out the industry. Top bankers, by contrast, who came into this week's World Economic Forum buoyed by signs of economic recovery, left somewhat subdued even as they called the closed-door meeting constructive. No one got up and said, Don't regulate us, said Frank, a Massachusetts Democrat who heads the U.S. House Financial Services Committee.It would have been a waste of their time if they did.The meeting comes after days of tension at this Swiss Alpine resort over government plans for stricter controls on the financial industry to limit speculation and avoid a repeat of the 2008 meltdown that plunged the world into recession. Bankers have protested, saying the U.S. and other countries risk choking off a gradual economic recovery with regulation they see as heavy-handed. The event was not on the forum's official agenda, but quickly became the most significant development of the day.
We are determined to do strong, sensible regulation,Frank said, rejecting any notion that President Barack Obama's administration could sink the economy again with too many new controls on the banking industry. That's nonsense, Frank told reporters. What we're trying globally to recover from is a total lack of regulation.On the government side, those at the meeting included Lawrence H. Summers, Obama's top economic adviser, British treasury chief Alistair Darling, French Finance Minister Christine Lagarde and Jean-Claude Trichet, president of the European Central Bank, which oversees the 16-nation euro zone. Bankers attending the private talks included Josef Ackermann, chief executive of Deutsche Bank AG, Bank of America Corp. CEO Brian Moynihan and JPMorgan Chase & Co. Chairman Jacob Frenkel. It was the most constructive dialogue I've seen between policymakers and industry officials and hopefully that's a base people can build from,said Duncan Niederauer, CEO of stock exchange operator NYSE Euronext Inc.It was the first time I've seen both sides go beyond the rhetoric. There were practical suggestions being discussed.The banks were asked for their input, Frank said, adding that he believed they got the message that tighter controls were coming. Frankly it doesn't matter if they did or didn't, Frank said.They aren't in charge of this.Frank said the most important element of the meeting was coordinating and better understanding the various approaches that governments are taking to stabilize and prevent excessive risks in their financial industries. The aim was not to push for a global financial governing system, Frank said, saying each country could deal with the crisis on its own terms. A large part of the discussion was on the regulators, to talk about how we can coordinate so we don't create opportunities for (banks) to move from one place to another to escape regulation,he said, adding that some of the strongest concerns over U.S. developments have come from international regulators.
Frank earlier told The Associated Press that some countries got used to the U.S. being the least regulated and they almost resent the fact we are going ahead with regulations, that we are taking the lead.He declined to say which national regulators he was referring to. No one at the Saturday meeting elaborated on any concrete proposals or agreements that were discussed. The head of Britain's Financial Services Authority said the banks didn't ask for anything at the talks. It was not a negotiation or a debate,Adair Turner said. Frank and Turner later held one-on-one discussions. Ackermann of Deutsche Bank called it an excellent, useful meeting, while Joaquin Almunia, the European Union's competition commissioner, said it was not the place to make decisions.It was constructive. Not conclusive, but constructive,Almunia said.
Moynihan of Bank of America and Frenkel of JPMorgan Chase declined to comment.
Dominique Strauss-Kahn, the International Monetary Fund chief, said financial sector reforms should be bold but handled in close cooperation so that no countries suffer as a result. My fear is that we may ... forget one of the key lessons of the crisis, which is coordination,he said at a separate panel after the meeting ended.
CNBC AT DAVOS VIDEOS
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BERNANKE RECONFIRMED
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BERNANKE VOTE
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OBAMA SOU LIES AND DECEPTION
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GEITHNER GRILLED
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PAULSON GRILLED
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WORLDS BIGGEST DEBTORS
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BERNANKE BACKERS AT DAVOS
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UN Climate Chief : Climate Crisis An Economic Agenda Friday, 29 Jan 2010 | 1:28 PM ET By: April Lee Special to CNBC.com
The UN's top environmental official Friday stressed the climate change crisis as a key component of economic recovery that needs rebranding as an economic issue.Yvo de Boer, executive secretary of the UN Framework Convention on Climate Change, called climate change an economic agenda rather than a green agenda. It needs to be explained more clearly that this is about energy security and jobs going in a different direction.Pointing to President Obama’s economic recovery package, De Boer suggested that climate change might be hindering debate and thus the issue could be raised more anonymously.De Boer made the comments in a CNBC interview at the World Economic Forum's annual meeting Friday in Davos, Switzerland. The UN official addressed skeptics of climate change in the audience by noting that 120 heads of state of government decided to come to Copenhagen because they think climate is important.The recently completed UN climate conference in Copenhagen ended with broad policy agreement on reducing carbon emissions, but fewer-than-expected tangible goals.De Boer acknowledged that one impediment to more progress in Copenhagen was that developing countries were afraid that targets were being imposed on them, which would slow down their economic growth and the eradication of poverty.
Climate change was a relatively low-profile issue in Davos this year after being a centerpiece item in 2009.In order reach a political consensus and a subsequent legal agreement, De Boer maintained the importance of rebuilding trust in the program and making the case more clearly that this is actually about growth, not about slowing growth down.
TORAH PORTION FROM JAN 31 - FEB 6,2010
SINCE WHAT ISRAEL READS WILL BE FULFILLED IN THAT WEEK I WILL BE PUTTING THE WEEKLY TORAH PORTION ON FOR ALL OF US TO KEEP TRACK OF ISRAEL HAPPENINGS.
TORAH PORTION FROM JAN 31 2010 6PM - FEB 06 6PM 2010
EXODUS 18:1 - 20:26
1 When Jethro, the priest of Midian, Moses' father in law, heard of all that God had done for Moses, and for Israel his people, and that the LORD had brought Israel out of Egypt;
2 Then Jethro, Moses' father in law, took Zipporah, Moses' wife, after he had sent her back,
3 And her two sons; of which the name of the one was Gershom; for he said, I have been an alien in a strange land:
4 And the name of the other was Eliezer; for the God of my father, said he, was mine help, and delivered me from the sword of Pharaoh:
5 And Jethro, Moses' father in law, came with his sons and his wife unto Moses into the wilderness, where he encamped at the mount of God:
6 And he said unto Moses, I thy father in law Jethro am come unto thee, and thy wife, and her two sons with her.
7 And Moses went out to meet his father in law, and did obeisance, and kissed him; and they asked each other of their welfare; and they came into the tent.
8 And Moses told his father in law all that the LORD had done unto Pharaoh and to the Egyptians for Israel's sake, and all the travail that had come upon them by the way, and how the LORD delivered them.
9 And Jethro rejoiced for all the goodness which the LORD had done to Israel, whom he had delivered out of the hand of the Egyptians.
10 And Jethro said, Blessed be the LORD, who hath delivered you out of the hand of the Egyptians, and out of the hand of Pharaoh, who hath delivered the people from under the hand of the Egyptians.
11 Now I know that the LORD is greater than all gods: for in the thing wherein they dealt proudly he was above them.
12 And Jethro, Moses' father in law, took a burnt offering and sacrifices for God: and Aaron came, and all the elders of Israel, to eat bread with Moses' father in law before God.
13 And it came to pass on the morrow, that Moses sat to judge the people: and the people stood by Moses from the morning unto the evening.
14 And when Moses' father in law saw all that he did to the people, he said, What is this thing that thou doest to the people? why sittest thou thyself alone, and all the people stand by thee from morning unto even?
15 And Moses said unto his father in law, Because the people come unto me to enquire of God:
16 When they have a matter, they come unto me; and I judge between one and another, and I do make them know the statutes of God, and his laws.
17 And Moses' father in law said unto him, The thing that thou doest is not good.
18 Thou wilt surely wear away, both thou, and this people that is with thee: for this thing is too heavy for thee; thou art not able to perform it thyself alone.
19 Hearken now unto my voice, I will give thee counsel, and God shall be with thee: Be thou for the people to God–ward, that thou mayest bring the causes unto God:
20 And thou shalt teach them ordinances and laws, and shalt shew them the way wherein they must walk, and the work that they must do.
21 Moreover thou shalt provide out of all the people able men, such as fear God, men of truth, hating covetousness; and place such over them, to be rulers of thousands, and rulers of hundreds, rulers of fifties, and rulers of tens:
22 And let them judge the people at all seasons: and it shall be, that every great matter they shall bring unto thee, but every small matter they shall judge: so shall it be easier for thyself, and they shall bear the burden with thee.
23 If thou shalt do this thing, and God command thee so, then thou shalt be able to endure, and all this people shall also go to their place in peace.
24 So Moses hearkened to the voice of his father in law, and did all that he had said.
25 And Moses chose able men out of all Israel, and made them heads over the people, rulers of thousands, rulers of hundreds, rulers of fifties, and rulers of tens.
26 And they judged the people at all seasons: the hard causes they brought unto Moses, but every small matter they judged themselves.
27 And Moses let his father in law depart; and he went his way into his own land.
EXODUS 19:1-25
1 In the third month, when the children of Israel were gone forth out of the land of Egypt, the same day came they into the wilderness of Sinai.
2 For they were departed from Rephidim, and were come to the desert of Sinai, and had pitched in the wilderness; and there Israel camped before the mount.
3 And Moses went up unto God, and the LORD called unto him out of the mountain, saying, Thus shalt thou say to the house of Jacob, and tell the children of Israel;
4 Ye have seen what I did unto the Egyptians, and how I bare you on eagles' wings, and brought you unto myself.
5 Now therefore, if ye will obey my voice indeed, and keep my covenant, then ye shall be a peculiar treasure unto me above all people: for all the earth is mine:
6 And ye shall be unto me a kingdom of priests, and an holy nation. These are the words which thou shalt speak unto the children of Israel.
7 And Moses came and called for the elders of the people, and laid before their faces all these words which the LORD commanded him.
8 And all the people answered together, and said, All that the LORD hath spoken we will do. And Moses returned the words of the people unto the LORD.
9 And the LORD said unto Moses, Lo, I come unto thee in a thick cloud, that the people may hear when I speak with thee, and believe thee for ever. And Moses told the words of the people unto the LORD.
10 And the LORD said unto Moses, Go unto the people, and sanctify them to day and to morrow, and let them wash their clothes,
11 And be ready against the third day: for the third day the LORD will come down in the sight of all the people upon mount Sinai.
12 And thou shalt set bounds unto the people round about, saying, Take heed to yourselves, that ye go not up into the mount, or touch the border of it: whosoever toucheth the mount shall be surely put to death:
13 There shall not an hand touch it, but he shall surely be stoned, or shot through; whether it be beast or man, it shall not live: when the trumpet soundeth long, they shall come up to the mount.
14 And Moses went down from the mount unto the people, and sanctified the people; and they washed their clothes.
15 And he said unto the people, Be ready against the third day: come not at your wives.
16 And it came to pass on the third day in the morning, that there were thunders and lightnings, and a thick cloud upon the mount, and the voice of the trumpet exceeding loud; so that all the people that was in the camp trembled.
17 And Moses brought forth the people out of the camp to meet with God; and they stood at the nether part of the mount.
18 And mount Sinai was altogether on a smoke, because the LORD descended upon it in fire: and the smoke thereof ascended as the smoke of a furnace, and the whole mount quaked greatly.
19 And when the voice of the trumpet sounded long, and waxed louder and louder, Moses spake, and God answered him by a voice.
20 And the LORD came down upon mount Sinai, on the top of the mount: and the LORD called Moses up to the top of the mount; and Moses went up.
21 And the LORD said unto Moses, Go down, charge the people, lest they break through unto the LORD to gaze, and many of them perish.
22 And let the priests also, which come near to the LORD, sanctify themselves, lest the LORD break forth upon them.
23 And Moses said unto the LORD, The people cannot come up to mount Sinai: for thou chargedst us, saying, Set bounds about the mount, and sanctify it.
24 And the LORD said unto him, Away, get thee down, and thou shalt come up, thou, and Aaron with thee: but let not the priests and the people break through to come up unto the LORD, lest he break forth upon them.
25 So Moses went down unto the people, and spake unto them.
EXODUS 20:1-26
1 And God spake all these words, saying,
2 I am the LORD thy God, which have brought thee out of the land of Egypt, out of the house of bondage.
3 Thou shalt have no other gods before me.
4 Thou shalt not make unto thee any graven image, or any likeness of any thing that is in heaven above, or that is in the earth beneath, or that is in the water under the earth:
5 Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
6 And shewing mercy unto thousands of them that love me, and keep my commandments.
7 Thou shalt not take the name of the LORD thy God in vain; for the LORD will not hold him guiltless that taketh his name in vain.
8 Remember the sabbath day, to keep it holy.
9 Six days shalt thou labour, and do all thy work:
10 But the seventh day is the sabbath of the LORD thy God: in it thou shalt not do any work, thou, nor thy son, nor thy daughter, thy manservant, nor thy maidservant, nor thy cattle, nor thy stranger that is within thy gates:
11 For in six days the LORD made heaven and earth, the sea, and all that in them is, and rested the seventh day: wherefore the LORD blessed the sabbath day, and hallowed it.
12 Honour thy father and thy mother: that thy days may be long upon the land which the LORD thy God giveth thee.
13 Thou shalt not kill.
14 Thou shalt not commit adultery.
15 Thou shalt not steal.
16 Thou shalt not bear false witness against thy neighbour.
17 Thou shalt not covet thy neighbour's house, thou shalt not covet thy neighbour's wife, nor his manservant, nor his maidservant, nor his ox, nor his ass, nor any thing that is thy neighbour's.
18 And all the people saw the thunderings, and the lightnings, and the noise of the trumpet, and the mountain smoking: and when the people saw it, they removed, and stood afar off.
19 And they said unto Moses, Speak thou with us, and we will hear: but let not God speak with us, lest we die.
20 And Moses said unto the people, Fear not: for God is come to prove you, and that his fear may be before your faces, that ye sin not.
21 And the people stood afar off, and Moses drew near unto the thick darkness where God was.
22 And the LORD said unto Moses, Thus thou shalt say unto the children of Israel, Ye have seen that I have talked with you from heaven.
23 Ye shall not make with me gods of silver, neither shall ye make unto you gods of gold.
24 An altar of earth thou shalt make unto me, and shalt sacrifice thereon thy burnt offerings, and thy peace offerings, thy sheep, and thine oxen: in all places where I record my name I will come unto thee, and I will bless thee.
25 And if thou wilt make me an altar of stone, thou shalt not build it of hewn stone: for if thou lift up thy tool upon it, thou hast polluted it.
26 Neither shalt thou go up by steps unto mine altar, that thy nakedness be not discovered thereon.
PROPHETS PORTION
ISAIAH 6:1-7:6
1 In the year that king Uzziah died I saw also the Lord sitting upon a throne, high and lifted up, and his train filled the temple.
2 Above it stood the seraphims: each one had six wings; with twain he covered his face, and with twain he covered his feet, and with twain he did fly.
3 And one cried unto another, and said, Holy, holy, holy, is the LORD of hosts: the whole earth is full of his glory.
4 And the posts of the door moved at the voice of him that cried, and the house was filled with smoke.
5 Then said I, Woe is me! for I am undone; because I am a man of unclean lips, and I dwell in the midst of a people of unclean lips: for mine eyes have seen the King, the LORD of hosts.
6 Then flew one of the seraphims unto me, having a live coal in his hand, which he had taken with the tongs from off the altar:
7 And he laid it upon my mouth, and said, Lo, this hath touched thy lips; and thine iniquity is taken away, and thy sin purged.
8 Also I heard the voice of the Lord, saying, Whom shall I send, and who will go for us? Then said I, Here am I; send me.
9 And he said, Go, and tell this people, Hear ye indeed, but understand not; and see ye indeed, but perceive not.
10 Make the heart of this people fat, and make their ears heavy, and shut their eyes; lest they see with their eyes, and hear with their ears, and understand with their heart, and convert, and be healed.
11 Then said I, Lord, how long? And he answered, Until the cities be wasted without inhabitant, and the houses without man, and the land be utterly desolate,
12 And the LORD have removed men far away, and there be a great forsaking in the midst of the land.
13 But yet in it shall be a tenth, and it shall return, and shall be eaten: as a teil tree, and as an oak, whose substance is in them, when they cast their leaves: so the holy seed shall be the substance thereof.
1 And it came to pass in the days of Ahaz the son of Jotham, the son of Uzziah, king of Judah, that Rezin the king of Syria, and Pekah the son of Remaliah, king of Israel, went up toward Jerusalem to war against it, but could not prevail against it.
2 And it was told the house of David, saying, Syria is confederate with Ephraim. And his heart was moved, and the heart of his people, as the trees of the wood are moved with the wind.
3 Then said the LORD unto Isaiah, Go forth now to meet Ahaz, thou, and Shearjashub thy son, at the end of the conduit of the upper pool in the highway of the fuller’s field;
4 And say unto him, Take heed, and be quiet; fear not, neither be fainthearted for the two tails of these smoking firebrands, for the fierce anger of Rezin with Syria, and of the son of Remaliah.
5 Because Syria, Ephraim, and the son of Remaliah, have taken evil counsel against thee, saying,
6 Let us go up against Judah, and vex it, and let us make a breach therein for us, and set a king in the midst of it, even the son of Tabeal:
ISAIAH 9:5-7
5 For every battle of the warrior is with confused noise, and garments rolled in blood; but this shall be with burning and fuel of fire.
6 For unto us a child is born, unto us a son is given: and the government shall be upon his shoulder: and his name shall be called Wonderful, Counsellor, The mighty God, The everlasting Father, The Prince of Peace.
7 Of the increase of his government and peace there shall be no end, upon the throne of David, and upon his kingdom, to order it, and to establish it with judgment and with justice from henceforth even for ever. The zeal of the LORD of hosts will perform this.
NEW TESTAMENT PORTION
MATTHEW 5:21-30
21 Ye have heard that it was said by them of old time, Thou shalt not kill; and whosoever shall kill shall be in danger of the judgment:
22 But I say unto you, That whosoever is angry with his brother without a cause shall be in danger of the judgment: and whosoever shall say to his brother, Raca, shall be in danger of the council: but whosoever shall say, Thou fool, shall be in danger of hell fire.
23 Therefore if thou bring thy gift to the altar, and there rememberest that thy brother hath ought against thee;
24 Leave there thy gift before the altar, and go thy way; first be reconciled to thy brother, and then come and offer thy gift.
25 Agree with thine adversary quickly, whiles thou art in the way with him; lest at any time the adversary deliver thee to the judge, and the judge deliver thee to the officer, and thou be cast into prison.
26 Verily I say unto thee, Thou shalt by no means come out thence, till thou hast paid the uttermost farthing.
27 Ye have heard that it was said by them of old time, Thou shalt not commit adultery:
28 But I say unto you, That whosoever looketh on a woman to lust after her hath committed adultery with her already in his heart.
29 And if thy right eye offend thee, pluck it out, and cast it from thee: for it is profitable for thee that one of thy members should perish, and not that thy whole body should be cast into hell.
30 And if thy right hand offend thee, cut it off, and cast it from thee: for it is profitable for thee that one of thy members should perish, and not that thy whole body should be cast into hell.
MATTHEW 15:1-11
1 Then came to Jesus scribes and Pharisees, which were of Jerusalem, saying,
2 Why do thy disciples transgress the tradition of the elders? for they wash not their hands when they eat bread.
3 But he answered and said unto them, Why do ye also transgress the commandment of God by your tradition?
4 For God commanded, saying, Honour thy father and mother: and, He that curseth father or mother, let him die the death.
5 But ye say, Whosoever shall say to his father or his mother, It is a gift, by whatsoever thou mightest be profited by me;
6 And honour not his father or his mother, he shall be free. Thus have ye made the commandment of God of none effect by your tradition.
7 Ye hypocrites, well did Esaias prophesy of you, saying,
8 This people draweth nigh unto me with their mouth, and honoureth me with their lips; but their heart is far from me.
9 But in vain they do worship me, teaching for doctrines the commandments of men.
10 And he called the multitude, and said unto them, Hear, and understand:
11 Not that which goeth into the mouth defileth a man; but that which cometh out of the mouth, this defileth a man.
MATTHEW 19:16-30
16 And, behold, one came and said unto him, Good Master, what good thing shall I do, that I may have eternal life?
17 And he said unto him, Why callest thou me good? there is none good but one, that is, God: but if thou wilt enter into life, keep the commandments.
18 He saith unto him, Which? Jesus said, Thou shalt do no murder, Thou shalt not commit adultery, Thou shalt not steal, Thou shalt not bear false witness,
19 Honour thy father and thy mother: and, Thou shalt love thy neighbour as thyself.
20 The young man saith unto him, All these things have I kept from my youth up: what lack I yet?
21 Jesus said unto him, If thou wilt be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasure in heaven: and come and follow me.
22 But when the young man heard that saying, he went away sorrowful: for he had great possessions.
23 Then said Jesus unto his disciples, Verily I say unto you, That a rich man shall hardly enter into the kingdom of heaven.
24 And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.
25 When his disciples heard it, they were exceedingly amazed, saying, Who then can be saved?
26 But Jesus beheld them, and said unto them, With men this is impossible; but with God all things are possible.
27 Then answered Peter and said unto him, Behold, we have forsaken all, and followed thee; what shall we have therefore?
28 And Jesus said unto them, Verily I say unto you, That ye which have followed me, in the regeneration when the Son of man shall sit in the throne of his glory, ye also shall sit upon twelve thrones, judging the twelve tribes of Israel.
29 And every one that hath forsaken houses, or brethren, or sisters, or father, or mother, or wife, or children, or lands, for my name’s sake, shall receive an hundredfold, and shall inherit everlasting life.
30 But many that are first shall be last; and the last shall be first.
MARK 7:5-15
5 Then the Pharisees and scribes asked him, Why walk not thy disciples according to the tradition of the elders, but eat bread with unwashen hands?
6 He answered and said unto them, Well hath Esaias prophesied of you hypocrites, as it is written, This people honoureth me with their lips, but their heart is far from me.
7 Howbeit in vain do they worship me, teaching for doctrines the commandments of men.
8 For laying aside the commandment of God, ye hold the tradition of men, as the washing of pots and cups: and many other such like things ye do.
9 And he said unto them, Full well ye reject the commandment of God, that ye may keep your own tradition.
10 For Moses said, Honour thy father and thy mother; and, Whoso curseth father or mother, let him die the death:
11 But ye say, If a man shall say to his father or mother, It is Corban, that is to say, a gift, by whatsoever thou mightest be profited by me; he shall be free.
12 And ye suffer him no more to do ought for his father or his mother;
13 Making the word of God of none effect through your tradition, which ye have delivered: and many such like things do ye.
14 And when he had called all the people unto him, he said unto them, Hearken unto me every one of you, and understand:
15 There is nothing from without a man, that entering into him can defile him: but the things which come out of him, those are they that defile the man.
MARK 10:17-31
17 And when he was gone forth into the way, there came one running, and kneeled to him, and asked him, Good Master, what shall I do that I may inherit eternal life?
18 And Jesus said unto him, Why callest thou me good? there is none good but one, that is, God.
19 Thou knowest the commandments, Do not commit adultery, Do not kill, Do not steal, Do not bear false witness, Defraud not, Honour thy father and mother.
20 And he answered and said unto him, Master, all these have I observed from my youth.
21 Then Jesus beholding him loved him, and said unto him, One thing thou lackest: go thy way, sell whatsoever thou hast, and give to the poor, and thou shalt have treasure in heaven: and come, take up the cross, and follow me.
22 And he was sad at that saying, and went away grieved: for he had great possessions.
23 And Jesus looked round about, and saith unto his disciples, How hardly shall they that have riches enter into the kingdom of God!
24 And the disciples were astonished at his words. But Jesus answereth again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the kingdom of God!
25 It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.
26 And they were astonished out of measure, saying among themselves, Who then can be saved?
27 And Jesus looking upon them saith, With men it is impossible, but not with God: for with God all things are possible.
28 Then Peter began to say unto him, Lo, we have left all, and have followed thee.
29 And Jesus answered and said, Verily I say unto you, There is no man that hath left house, or brethren, or sisters, or father, or mother, or wife, or children, or lands, for my sake, and the gospel’s,
30 But he shall receive an hundredfold now in this time, houses, and brethren, and sisters, and mothers, and children, and lands, with persecutions; and in the world to come eternal life.
31 But many that are first shall be last; and the last first.
LUKE 18:18-30
18 And a certain ruler asked him, saying, Good Master, what shall I do to inherit eternal life?
19 And Jesus said unto him, Why callest thou me good? none is good, save one, that is, God.
20 Thou knowest the commandments, Do not commit adultery, Do not kill, Do not steal, Do not bear false witness, Honour thy father and thy mother.
21 And he said, All these have I kept from my youth up.
22 Now when Jesus heard these things, he said unto him, Yet lackest thou one thing: sell all that thou hast, and distribute unto the poor, and thou shalt have treasure in heaven: and come, follow me.
23 And when he heard this, he was very sorrowful: for he was very rich.
24 And when Jesus saw that he was very sorrowful, he said, How hardly shall they that have riches enter into the kingdom of God!
25 For it is easier for a camel to go through a needle’s eye, than for a rich man to enter into the kingdom of God.
26 And they that heard it said, Who then can be saved?
27 And he said, The things which are impossible with men are possible with God.
28 Then Peter said, Lo, we have left all, and followed thee.
29 And he said unto them, Verily I say unto you, There is no man that hath left house, or parents, or brethren, or wife, or children, for the kingdom of God’s sake,
30 Who shall not receive manifold more in this present time, and in the world to come life everlasting.
ACTS 6:1-7
1 And in those days, when the number of the disciples was multiplied, there arose a murmuring of the Grecians against the Hebrews, because their widows were neglected in the daily ministration.
2 Then the twelve called the multitude of the disciples unto them, and said, It is not reason that we should leave the word of God, and serve tables.
3 Wherefore, brethren, look ye out among you seven men of honest report, full of the Holy Ghost and wisdom, whom we may appoint over this business.
4 But we will give ourselves continually to prayer, and to the ministry of the word.
5 And the saying pleased the whole multitude: and they chose Stephen, a man full of faith and of the Holy Ghost, and Philip, and Prochorus, and Nicanor, and Timon, and Parmenas, and Nicolas a proselyte of Antioch:
6 Whom they set before the apostles: and when they had prayed, they laid their hands on them.
7 And the word of God increased; and the number of the disciples multiplied in Jerusalem greatly; and a great company of the priests were obedient to the faith.
ROMANS 2:17-29
17 Behold, thou art called a Jew, and restest in the law, and makest thy boast of God,
18 And knowest his will, and approvest the things that are more excellent, being instructed out of the law;
19 And art confident that thou thyself art a guide of the blind, a light of them which are in darkness,
20 An instructor of the foolish, a teacher of babes, which hast the form of knowledge and of the truth in the law.
21 Thou therefore which teachest another, teachest thou not thyself? thou that preachest a man should not steal, dost thou steal?
22 Thou that sayest a man should not commit adultery, dost thou commit adultery? thou that abhorrest idols, dost thou commit sacrilege?
23 Thou that makest thy boast of the law, through breaking the law dishonourest thou God?
24 For the name of God is blasphemed among the Gentiles through you, as it is written.
25 For circumcision verily profiteth, if thou keep the law: but if thou be a breaker of the law, thy circumcision is made uncircumcision.
26 Therefore if the uncircumcision keep the righteousness of the law, shall not his uncircumcision be counted for circumcision?
27 And shall not uncircumcision which is by nature, if it fulfil the law, judge thee, who by the letter and circumcision dost transgress the law?
28 For he is not a Jew, which is one outwardly; neither is that circumcision, which is outward in the flesh:
29 But he is a Jew, which is one inwardly; and circumcision is that of the heart, in the spirit, and not in the letter; whose praise is not of men, but of God.
ROMANS 7:7-12
7 What shall we say then? Is the law sin? God forbid. Nay, I had not known sin, but by the law: for I had not known lust, except the law had said, Thou shalt not covet.
8 But sin, taking occasion by the commandment, wrought in me all manner of concupiscence. For without the law sin was dead.
9 For I was alive without the law once: but when the commandment came, sin revived, and I died.
10 And the commandment, which was ordained to life, I found to be unto death.
11 For sin, taking occasion by the commandment, deceived me, and by it slew me.
12 Wherefore the law is holy, and the commandment holy, and just, and good.
ROMANS 13:8-10
8 Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.
9 For this, Thou shalt not commit adultery, Thou shalt not kill, Thou shalt not steal, Thou shalt not bear false witness, Thou shalt not covet; and if there be any other commandment, it is briefly comprehended in this saying, namely, Thou shalt love thy neighbour as thyself.
10 Love worketh no ill to his neighbour: therefore love is the fulfilling of the law.
EPHESIANS 6:1-3
1 Children, obey your parents in the Lord: for this is right.
2 Honour thy father and mother; (which is the first commandment with promise;)
3 That it may be well with thee, and thou mayest live long on the earth.
1 TIMOTHY 3:1-14
1 This is a true saying, If a man desire the office of a bishop, he desireth a good work.
2 A bishop then must be blameless, the husband of one wife, vigilant, sober, of good behaviour, given to hospitality, apt to teach;
3 Not given to wine, no striker, not greedy of filthy lucre; but patient, not a brawler, not covetous;
4 One that ruleth well his own house, having his children in subjection with all gravity;
5 (For if a man know not how to rule his own house, how shall he take care of the church of God?)
6 Not a novice, lest being lifted up with pride he fall into the condemnation of the devil.
7 Moreover he must have a good report of them which are without; lest he fall into reproach and the snare of the devil.
8 Likewise must the deacons be grave, not doubletongued, not given to much wine, not greedy of filthy lucre;
9 Holding the mystery of the faith in a pure conscience.
10 And let these also first be proved; then let them use the office of a deacon, being found blameless.
11 Even so must their wives be grave, not slanderers, sober, faithful in all things.
12 Let the deacons be the husbands of one wife, ruling their children and their own houses well.
13 For they that have used the office of a deacon well purchase to themselves a good degree, and great boldness in the faith which is in Christ Jesus.
14 These things write I unto thee, hoping to come unto thee shortly:
2 TIMOTHY 2:2
2 And the things that thou hast heard of me among many witnesses, the same commit thou to faithful men, who shall be able to teach others also.
TITUS 1:5-9
5 For this cause left I thee in Crete, that thou shouldest set in order the things that are wanting, and ordain elders in every city, as I had appointed thee:
6 If any be blameless, the husband of one wife, having faithful children not accused of riot or unruly.
7 For a bishop must be blameless, as the steward of God; not selfwilled, not soon angry, not given to wine, no striker, not given to filthy lucre;
8 But a lover of hospitality, a lover of good men, sober, just, holy, temperate;
9 Holding fast the faithful word as he hath been taught, that he may be able by sound doctrine both to exhort and to convince the gainsayers.
HEBREWS 12:18-29
18 For ye are not come unto the mount that might be touched, and that burned with fire, nor unto blackness, and darkness, and tempest,
19 And the sound of a trumpet, and the voice of words; which voice they that heard intreated that the word should not be spoken to them any more:
20 (For they could not endure that which was commanded, And if so much as a beast touch the mountain, it shall be stoned, or thrust through with a dart:
21 And so terrible was the sight, that Moses said, I exceedingly fear and quake:)
22 But ye are come unto mount Sion, and unto the city of the living God, the heavenly Jerusalem, and to an innumerable company of angels,
23 To the general assembly and church of the firstborn, which are written in heaven, and to God the Judge of all, and to the spirits of just men made perfect,
24 And to Jesus the mediator of the new covenant, and to the blood of sprinkling, that speaketh better things than that of Abel.
25 See that ye refuse not him that speaketh. For if they escaped not who refused him that spake on earth, much more shall not we escape, if we turn away from him that speaketh from heaven:
26 Whose voice then shook the earth: but now he hath promised, saying, Yet once more I shake not the earth only, but also heaven.
27 And this word, Yet once more, signifieth the removing of those things that are shaken, as of things that are made, that those things which cannot be shaken may remain.
28 Wherefore we receiving a kingdom which cannot be moved, let us have grace, whereby we may serve God acceptably with reverence and godly fear:
29 For our God is a consuming fire.
JAMES 2:8-13
8 If ye fulfil the royal law according to the scripture, Thou shalt love thy neighbour as thyself, ye do well:
9 But if ye have respect to persons, ye commit sin, and are convinced of the law as transgressors.
10 For whosoever shall keep the whole law, and yet offend in one point, he is guilty of all.
11 For he that said, Do not commit adultery, said also, Do not kill. Now if thou commit no adultery, yet if thou kill, thou art become a transgressor of the law.
12 So speak ye, and so do, as they that shall be judged by the law of liberty.
13 For he shall have judgment without mercy, that hath shewed no mercy; and mercy rejoiceth against judgment.
1 PETER 2:9-10
9 But ye are a chosen generation, a royal priesthood, an holy nation, a peculiar people; that ye should shew forth the praises of him who hath called you out of darkness into his marvellous light:
10 Which in time past were not a people, but are now the people of God: which had not obtained mercy, but now have obtained mercy.
TORAH PORTION FROM JAN 31 2010 6PM - FEB 06 6PM 2010
EXODUS 18:1 - 20:26
1 When Jethro, the priest of Midian, Moses' father in law, heard of all that God had done for Moses, and for Israel his people, and that the LORD had brought Israel out of Egypt;
2 Then Jethro, Moses' father in law, took Zipporah, Moses' wife, after he had sent her back,
3 And her two sons; of which the name of the one was Gershom; for he said, I have been an alien in a strange land:
4 And the name of the other was Eliezer; for the God of my father, said he, was mine help, and delivered me from the sword of Pharaoh:
5 And Jethro, Moses' father in law, came with his sons and his wife unto Moses into the wilderness, where he encamped at the mount of God:
6 And he said unto Moses, I thy father in law Jethro am come unto thee, and thy wife, and her two sons with her.
7 And Moses went out to meet his father in law, and did obeisance, and kissed him; and they asked each other of their welfare; and they came into the tent.
8 And Moses told his father in law all that the LORD had done unto Pharaoh and to the Egyptians for Israel's sake, and all the travail that had come upon them by the way, and how the LORD delivered them.
9 And Jethro rejoiced for all the goodness which the LORD had done to Israel, whom he had delivered out of the hand of the Egyptians.
10 And Jethro said, Blessed be the LORD, who hath delivered you out of the hand of the Egyptians, and out of the hand of Pharaoh, who hath delivered the people from under the hand of the Egyptians.
11 Now I know that the LORD is greater than all gods: for in the thing wherein they dealt proudly he was above them.
12 And Jethro, Moses' father in law, took a burnt offering and sacrifices for God: and Aaron came, and all the elders of Israel, to eat bread with Moses' father in law before God.
13 And it came to pass on the morrow, that Moses sat to judge the people: and the people stood by Moses from the morning unto the evening.
14 And when Moses' father in law saw all that he did to the people, he said, What is this thing that thou doest to the people? why sittest thou thyself alone, and all the people stand by thee from morning unto even?
15 And Moses said unto his father in law, Because the people come unto me to enquire of God:
16 When they have a matter, they come unto me; and I judge between one and another, and I do make them know the statutes of God, and his laws.
17 And Moses' father in law said unto him, The thing that thou doest is not good.
18 Thou wilt surely wear away, both thou, and this people that is with thee: for this thing is too heavy for thee; thou art not able to perform it thyself alone.
19 Hearken now unto my voice, I will give thee counsel, and God shall be with thee: Be thou for the people to God–ward, that thou mayest bring the causes unto God:
20 And thou shalt teach them ordinances and laws, and shalt shew them the way wherein they must walk, and the work that they must do.
21 Moreover thou shalt provide out of all the people able men, such as fear God, men of truth, hating covetousness; and place such over them, to be rulers of thousands, and rulers of hundreds, rulers of fifties, and rulers of tens:
22 And let them judge the people at all seasons: and it shall be, that every great matter they shall bring unto thee, but every small matter they shall judge: so shall it be easier for thyself, and they shall bear the burden with thee.
23 If thou shalt do this thing, and God command thee so, then thou shalt be able to endure, and all this people shall also go to their place in peace.
24 So Moses hearkened to the voice of his father in law, and did all that he had said.
25 And Moses chose able men out of all Israel, and made them heads over the people, rulers of thousands, rulers of hundreds, rulers of fifties, and rulers of tens.
26 And they judged the people at all seasons: the hard causes they brought unto Moses, but every small matter they judged themselves.
27 And Moses let his father in law depart; and he went his way into his own land.
EXODUS 19:1-25
1 In the third month, when the children of Israel were gone forth out of the land of Egypt, the same day came they into the wilderness of Sinai.
2 For they were departed from Rephidim, and were come to the desert of Sinai, and had pitched in the wilderness; and there Israel camped before the mount.
3 And Moses went up unto God, and the LORD called unto him out of the mountain, saying, Thus shalt thou say to the house of Jacob, and tell the children of Israel;
4 Ye have seen what I did unto the Egyptians, and how I bare you on eagles' wings, and brought you unto myself.
5 Now therefore, if ye will obey my voice indeed, and keep my covenant, then ye shall be a peculiar treasure unto me above all people: for all the earth is mine:
6 And ye shall be unto me a kingdom of priests, and an holy nation. These are the words which thou shalt speak unto the children of Israel.
7 And Moses came and called for the elders of the people, and laid before their faces all these words which the LORD commanded him.
8 And all the people answered together, and said, All that the LORD hath spoken we will do. And Moses returned the words of the people unto the LORD.
9 And the LORD said unto Moses, Lo, I come unto thee in a thick cloud, that the people may hear when I speak with thee, and believe thee for ever. And Moses told the words of the people unto the LORD.
10 And the LORD said unto Moses, Go unto the people, and sanctify them to day and to morrow, and let them wash their clothes,
11 And be ready against the third day: for the third day the LORD will come down in the sight of all the people upon mount Sinai.
12 And thou shalt set bounds unto the people round about, saying, Take heed to yourselves, that ye go not up into the mount, or touch the border of it: whosoever toucheth the mount shall be surely put to death:
13 There shall not an hand touch it, but he shall surely be stoned, or shot through; whether it be beast or man, it shall not live: when the trumpet soundeth long, they shall come up to the mount.
14 And Moses went down from the mount unto the people, and sanctified the people; and they washed their clothes.
15 And he said unto the people, Be ready against the third day: come not at your wives.
16 And it came to pass on the third day in the morning, that there were thunders and lightnings, and a thick cloud upon the mount, and the voice of the trumpet exceeding loud; so that all the people that was in the camp trembled.
17 And Moses brought forth the people out of the camp to meet with God; and they stood at the nether part of the mount.
18 And mount Sinai was altogether on a smoke, because the LORD descended upon it in fire: and the smoke thereof ascended as the smoke of a furnace, and the whole mount quaked greatly.
19 And when the voice of the trumpet sounded long, and waxed louder and louder, Moses spake, and God answered him by a voice.
20 And the LORD came down upon mount Sinai, on the top of the mount: and the LORD called Moses up to the top of the mount; and Moses went up.
21 And the LORD said unto Moses, Go down, charge the people, lest they break through unto the LORD to gaze, and many of them perish.
22 And let the priests also, which come near to the LORD, sanctify themselves, lest the LORD break forth upon them.
23 And Moses said unto the LORD, The people cannot come up to mount Sinai: for thou chargedst us, saying, Set bounds about the mount, and sanctify it.
24 And the LORD said unto him, Away, get thee down, and thou shalt come up, thou, and Aaron with thee: but let not the priests and the people break through to come up unto the LORD, lest he break forth upon them.
25 So Moses went down unto the people, and spake unto them.
EXODUS 20:1-26
1 And God spake all these words, saying,
2 I am the LORD thy God, which have brought thee out of the land of Egypt, out of the house of bondage.
3 Thou shalt have no other gods before me.
4 Thou shalt not make unto thee any graven image, or any likeness of any thing that is in heaven above, or that is in the earth beneath, or that is in the water under the earth:
5 Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
6 And shewing mercy unto thousands of them that love me, and keep my commandments.
7 Thou shalt not take the name of the LORD thy God in vain; for the LORD will not hold him guiltless that taketh his name in vain.
8 Remember the sabbath day, to keep it holy.
9 Six days shalt thou labour, and do all thy work:
10 But the seventh day is the sabbath of the LORD thy God: in it thou shalt not do any work, thou, nor thy son, nor thy daughter, thy manservant, nor thy maidservant, nor thy cattle, nor thy stranger that is within thy gates:
11 For in six days the LORD made heaven and earth, the sea, and all that in them is, and rested the seventh day: wherefore the LORD blessed the sabbath day, and hallowed it.
12 Honour thy father and thy mother: that thy days may be long upon the land which the LORD thy God giveth thee.
13 Thou shalt not kill.
14 Thou shalt not commit adultery.
15 Thou shalt not steal.
16 Thou shalt not bear false witness against thy neighbour.
17 Thou shalt not covet thy neighbour's house, thou shalt not covet thy neighbour's wife, nor his manservant, nor his maidservant, nor his ox, nor his ass, nor any thing that is thy neighbour's.
18 And all the people saw the thunderings, and the lightnings, and the noise of the trumpet, and the mountain smoking: and when the people saw it, they removed, and stood afar off.
19 And they said unto Moses, Speak thou with us, and we will hear: but let not God speak with us, lest we die.
20 And Moses said unto the people, Fear not: for God is come to prove you, and that his fear may be before your faces, that ye sin not.
21 And the people stood afar off, and Moses drew near unto the thick darkness where God was.
22 And the LORD said unto Moses, Thus thou shalt say unto the children of Israel, Ye have seen that I have talked with you from heaven.
23 Ye shall not make with me gods of silver, neither shall ye make unto you gods of gold.
24 An altar of earth thou shalt make unto me, and shalt sacrifice thereon thy burnt offerings, and thy peace offerings, thy sheep, and thine oxen: in all places where I record my name I will come unto thee, and I will bless thee.
25 And if thou wilt make me an altar of stone, thou shalt not build it of hewn stone: for if thou lift up thy tool upon it, thou hast polluted it.
26 Neither shalt thou go up by steps unto mine altar, that thy nakedness be not discovered thereon.
PROPHETS PORTION
ISAIAH 6:1-7:6
1 In the year that king Uzziah died I saw also the Lord sitting upon a throne, high and lifted up, and his train filled the temple.
2 Above it stood the seraphims: each one had six wings; with twain he covered his face, and with twain he covered his feet, and with twain he did fly.
3 And one cried unto another, and said, Holy, holy, holy, is the LORD of hosts: the whole earth is full of his glory.
4 And the posts of the door moved at the voice of him that cried, and the house was filled with smoke.
5 Then said I, Woe is me! for I am undone; because I am a man of unclean lips, and I dwell in the midst of a people of unclean lips: for mine eyes have seen the King, the LORD of hosts.
6 Then flew one of the seraphims unto me, having a live coal in his hand, which he had taken with the tongs from off the altar:
7 And he laid it upon my mouth, and said, Lo, this hath touched thy lips; and thine iniquity is taken away, and thy sin purged.
8 Also I heard the voice of the Lord, saying, Whom shall I send, and who will go for us? Then said I, Here am I; send me.
9 And he said, Go, and tell this people, Hear ye indeed, but understand not; and see ye indeed, but perceive not.
10 Make the heart of this people fat, and make their ears heavy, and shut their eyes; lest they see with their eyes, and hear with their ears, and understand with their heart, and convert, and be healed.
11 Then said I, Lord, how long? And he answered, Until the cities be wasted without inhabitant, and the houses without man, and the land be utterly desolate,
12 And the LORD have removed men far away, and there be a great forsaking in the midst of the land.
13 But yet in it shall be a tenth, and it shall return, and shall be eaten: as a teil tree, and as an oak, whose substance is in them, when they cast their leaves: so the holy seed shall be the substance thereof.
1 And it came to pass in the days of Ahaz the son of Jotham, the son of Uzziah, king of Judah, that Rezin the king of Syria, and Pekah the son of Remaliah, king of Israel, went up toward Jerusalem to war against it, but could not prevail against it.
2 And it was told the house of David, saying, Syria is confederate with Ephraim. And his heart was moved, and the heart of his people, as the trees of the wood are moved with the wind.
3 Then said the LORD unto Isaiah, Go forth now to meet Ahaz, thou, and Shearjashub thy son, at the end of the conduit of the upper pool in the highway of the fuller’s field;
4 And say unto him, Take heed, and be quiet; fear not, neither be fainthearted for the two tails of these smoking firebrands, for the fierce anger of Rezin with Syria, and of the son of Remaliah.
5 Because Syria, Ephraim, and the son of Remaliah, have taken evil counsel against thee, saying,
6 Let us go up against Judah, and vex it, and let us make a breach therein for us, and set a king in the midst of it, even the son of Tabeal:
ISAIAH 9:5-7
5 For every battle of the warrior is with confused noise, and garments rolled in blood; but this shall be with burning and fuel of fire.
6 For unto us a child is born, unto us a son is given: and the government shall be upon his shoulder: and his name shall be called Wonderful, Counsellor, The mighty God, The everlasting Father, The Prince of Peace.
7 Of the increase of his government and peace there shall be no end, upon the throne of David, and upon his kingdom, to order it, and to establish it with judgment and with justice from henceforth even for ever. The zeal of the LORD of hosts will perform this.
NEW TESTAMENT PORTION
MATTHEW 5:21-30
21 Ye have heard that it was said by them of old time, Thou shalt not kill; and whosoever shall kill shall be in danger of the judgment:
22 But I say unto you, That whosoever is angry with his brother without a cause shall be in danger of the judgment: and whosoever shall say to his brother, Raca, shall be in danger of the council: but whosoever shall say, Thou fool, shall be in danger of hell fire.
23 Therefore if thou bring thy gift to the altar, and there rememberest that thy brother hath ought against thee;
24 Leave there thy gift before the altar, and go thy way; first be reconciled to thy brother, and then come and offer thy gift.
25 Agree with thine adversary quickly, whiles thou art in the way with him; lest at any time the adversary deliver thee to the judge, and the judge deliver thee to the officer, and thou be cast into prison.
26 Verily I say unto thee, Thou shalt by no means come out thence, till thou hast paid the uttermost farthing.
27 Ye have heard that it was said by them of old time, Thou shalt not commit adultery:
28 But I say unto you, That whosoever looketh on a woman to lust after her hath committed adultery with her already in his heart.
29 And if thy right eye offend thee, pluck it out, and cast it from thee: for it is profitable for thee that one of thy members should perish, and not that thy whole body should be cast into hell.
30 And if thy right hand offend thee, cut it off, and cast it from thee: for it is profitable for thee that one of thy members should perish, and not that thy whole body should be cast into hell.
MATTHEW 15:1-11
1 Then came to Jesus scribes and Pharisees, which were of Jerusalem, saying,
2 Why do thy disciples transgress the tradition of the elders? for they wash not their hands when they eat bread.
3 But he answered and said unto them, Why do ye also transgress the commandment of God by your tradition?
4 For God commanded, saying, Honour thy father and mother: and, He that curseth father or mother, let him die the death.
5 But ye say, Whosoever shall say to his father or his mother, It is a gift, by whatsoever thou mightest be profited by me;
6 And honour not his father or his mother, he shall be free. Thus have ye made the commandment of God of none effect by your tradition.
7 Ye hypocrites, well did Esaias prophesy of you, saying,
8 This people draweth nigh unto me with their mouth, and honoureth me with their lips; but their heart is far from me.
9 But in vain they do worship me, teaching for doctrines the commandments of men.
10 And he called the multitude, and said unto them, Hear, and understand:
11 Not that which goeth into the mouth defileth a man; but that which cometh out of the mouth, this defileth a man.
MATTHEW 19:16-30
16 And, behold, one came and said unto him, Good Master, what good thing shall I do, that I may have eternal life?
17 And he said unto him, Why callest thou me good? there is none good but one, that is, God: but if thou wilt enter into life, keep the commandments.
18 He saith unto him, Which? Jesus said, Thou shalt do no murder, Thou shalt not commit adultery, Thou shalt not steal, Thou shalt not bear false witness,
19 Honour thy father and thy mother: and, Thou shalt love thy neighbour as thyself.
20 The young man saith unto him, All these things have I kept from my youth up: what lack I yet?
21 Jesus said unto him, If thou wilt be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasure in heaven: and come and follow me.
22 But when the young man heard that saying, he went away sorrowful: for he had great possessions.
23 Then said Jesus unto his disciples, Verily I say unto you, That a rich man shall hardly enter into the kingdom of heaven.
24 And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.
25 When his disciples heard it, they were exceedingly amazed, saying, Who then can be saved?
26 But Jesus beheld them, and said unto them, With men this is impossible; but with God all things are possible.
27 Then answered Peter and said unto him, Behold, we have forsaken all, and followed thee; what shall we have therefore?
28 And Jesus said unto them, Verily I say unto you, That ye which have followed me, in the regeneration when the Son of man shall sit in the throne of his glory, ye also shall sit upon twelve thrones, judging the twelve tribes of Israel.
29 And every one that hath forsaken houses, or brethren, or sisters, or father, or mother, or wife, or children, or lands, for my name’s sake, shall receive an hundredfold, and shall inherit everlasting life.
30 But many that are first shall be last; and the last shall be first.
MARK 7:5-15
5 Then the Pharisees and scribes asked him, Why walk not thy disciples according to the tradition of the elders, but eat bread with unwashen hands?
6 He answered and said unto them, Well hath Esaias prophesied of you hypocrites, as it is written, This people honoureth me with their lips, but their heart is far from me.
7 Howbeit in vain do they worship me, teaching for doctrines the commandments of men.
8 For laying aside the commandment of God, ye hold the tradition of men, as the washing of pots and cups: and many other such like things ye do.
9 And he said unto them, Full well ye reject the commandment of God, that ye may keep your own tradition.
10 For Moses said, Honour thy father and thy mother; and, Whoso curseth father or mother, let him die the death:
11 But ye say, If a man shall say to his father or mother, It is Corban, that is to say, a gift, by whatsoever thou mightest be profited by me; he shall be free.
12 And ye suffer him no more to do ought for his father or his mother;
13 Making the word of God of none effect through your tradition, which ye have delivered: and many such like things do ye.
14 And when he had called all the people unto him, he said unto them, Hearken unto me every one of you, and understand:
15 There is nothing from without a man, that entering into him can defile him: but the things which come out of him, those are they that defile the man.
MARK 10:17-31
17 And when he was gone forth into the way, there came one running, and kneeled to him, and asked him, Good Master, what shall I do that I may inherit eternal life?
18 And Jesus said unto him, Why callest thou me good? there is none good but one, that is, God.
19 Thou knowest the commandments, Do not commit adultery, Do not kill, Do not steal, Do not bear false witness, Defraud not, Honour thy father and mother.
20 And he answered and said unto him, Master, all these have I observed from my youth.
21 Then Jesus beholding him loved him, and said unto him, One thing thou lackest: go thy way, sell whatsoever thou hast, and give to the poor, and thou shalt have treasure in heaven: and come, take up the cross, and follow me.
22 And he was sad at that saying, and went away grieved: for he had great possessions.
23 And Jesus looked round about, and saith unto his disciples, How hardly shall they that have riches enter into the kingdom of God!
24 And the disciples were astonished at his words. But Jesus answereth again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the kingdom of God!
25 It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.
26 And they were astonished out of measure, saying among themselves, Who then can be saved?
27 And Jesus looking upon them saith, With men it is impossible, but not with God: for with God all things are possible.
28 Then Peter began to say unto him, Lo, we have left all, and have followed thee.
29 And Jesus answered and said, Verily I say unto you, There is no man that hath left house, or brethren, or sisters, or father, or mother, or wife, or children, or lands, for my sake, and the gospel’s,
30 But he shall receive an hundredfold now in this time, houses, and brethren, and sisters, and mothers, and children, and lands, with persecutions; and in the world to come eternal life.
31 But many that are first shall be last; and the last first.
LUKE 18:18-30
18 And a certain ruler asked him, saying, Good Master, what shall I do to inherit eternal life?
19 And Jesus said unto him, Why callest thou me good? none is good, save one, that is, God.
20 Thou knowest the commandments, Do not commit adultery, Do not kill, Do not steal, Do not bear false witness, Honour thy father and thy mother.
21 And he said, All these have I kept from my youth up.
22 Now when Jesus heard these things, he said unto him, Yet lackest thou one thing: sell all that thou hast, and distribute unto the poor, and thou shalt have treasure in heaven: and come, follow me.
23 And when he heard this, he was very sorrowful: for he was very rich.
24 And when Jesus saw that he was very sorrowful, he said, How hardly shall they that have riches enter into the kingdom of God!
25 For it is easier for a camel to go through a needle’s eye, than for a rich man to enter into the kingdom of God.
26 And they that heard it said, Who then can be saved?
27 And he said, The things which are impossible with men are possible with God.
28 Then Peter said, Lo, we have left all, and followed thee.
29 And he said unto them, Verily I say unto you, There is no man that hath left house, or parents, or brethren, or wife, or children, for the kingdom of God’s sake,
30 Who shall not receive manifold more in this present time, and in the world to come life everlasting.
ACTS 6:1-7
1 And in those days, when the number of the disciples was multiplied, there arose a murmuring of the Grecians against the Hebrews, because their widows were neglected in the daily ministration.
2 Then the twelve called the multitude of the disciples unto them, and said, It is not reason that we should leave the word of God, and serve tables.
3 Wherefore, brethren, look ye out among you seven men of honest report, full of the Holy Ghost and wisdom, whom we may appoint over this business.
4 But we will give ourselves continually to prayer, and to the ministry of the word.
5 And the saying pleased the whole multitude: and they chose Stephen, a man full of faith and of the Holy Ghost, and Philip, and Prochorus, and Nicanor, and Timon, and Parmenas, and Nicolas a proselyte of Antioch:
6 Whom they set before the apostles: and when they had prayed, they laid their hands on them.
7 And the word of God increased; and the number of the disciples multiplied in Jerusalem greatly; and a great company of the priests were obedient to the faith.
ROMANS 2:17-29
17 Behold, thou art called a Jew, and restest in the law, and makest thy boast of God,
18 And knowest his will, and approvest the things that are more excellent, being instructed out of the law;
19 And art confident that thou thyself art a guide of the blind, a light of them which are in darkness,
20 An instructor of the foolish, a teacher of babes, which hast the form of knowledge and of the truth in the law.
21 Thou therefore which teachest another, teachest thou not thyself? thou that preachest a man should not steal, dost thou steal?
22 Thou that sayest a man should not commit adultery, dost thou commit adultery? thou that abhorrest idols, dost thou commit sacrilege?
23 Thou that makest thy boast of the law, through breaking the law dishonourest thou God?
24 For the name of God is blasphemed among the Gentiles through you, as it is written.
25 For circumcision verily profiteth, if thou keep the law: but if thou be a breaker of the law, thy circumcision is made uncircumcision.
26 Therefore if the uncircumcision keep the righteousness of the law, shall not his uncircumcision be counted for circumcision?
27 And shall not uncircumcision which is by nature, if it fulfil the law, judge thee, who by the letter and circumcision dost transgress the law?
28 For he is not a Jew, which is one outwardly; neither is that circumcision, which is outward in the flesh:
29 But he is a Jew, which is one inwardly; and circumcision is that of the heart, in the spirit, and not in the letter; whose praise is not of men, but of God.
ROMANS 7:7-12
7 What shall we say then? Is the law sin? God forbid. Nay, I had not known sin, but by the law: for I had not known lust, except the law had said, Thou shalt not covet.
8 But sin, taking occasion by the commandment, wrought in me all manner of concupiscence. For without the law sin was dead.
9 For I was alive without the law once: but when the commandment came, sin revived, and I died.
10 And the commandment, which was ordained to life, I found to be unto death.
11 For sin, taking occasion by the commandment, deceived me, and by it slew me.
12 Wherefore the law is holy, and the commandment holy, and just, and good.
ROMANS 13:8-10
8 Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.
9 For this, Thou shalt not commit adultery, Thou shalt not kill, Thou shalt not steal, Thou shalt not bear false witness, Thou shalt not covet; and if there be any other commandment, it is briefly comprehended in this saying, namely, Thou shalt love thy neighbour as thyself.
10 Love worketh no ill to his neighbour: therefore love is the fulfilling of the law.
EPHESIANS 6:1-3
1 Children, obey your parents in the Lord: for this is right.
2 Honour thy father and mother; (which is the first commandment with promise;)
3 That it may be well with thee, and thou mayest live long on the earth.
1 TIMOTHY 3:1-14
1 This is a true saying, If a man desire the office of a bishop, he desireth a good work.
2 A bishop then must be blameless, the husband of one wife, vigilant, sober, of good behaviour, given to hospitality, apt to teach;
3 Not given to wine, no striker, not greedy of filthy lucre; but patient, not a brawler, not covetous;
4 One that ruleth well his own house, having his children in subjection with all gravity;
5 (For if a man know not how to rule his own house, how shall he take care of the church of God?)
6 Not a novice, lest being lifted up with pride he fall into the condemnation of the devil.
7 Moreover he must have a good report of them which are without; lest he fall into reproach and the snare of the devil.
8 Likewise must the deacons be grave, not doubletongued, not given to much wine, not greedy of filthy lucre;
9 Holding the mystery of the faith in a pure conscience.
10 And let these also first be proved; then let them use the office of a deacon, being found blameless.
11 Even so must their wives be grave, not slanderers, sober, faithful in all things.
12 Let the deacons be the husbands of one wife, ruling their children and their own houses well.
13 For they that have used the office of a deacon well purchase to themselves a good degree, and great boldness in the faith which is in Christ Jesus.
14 These things write I unto thee, hoping to come unto thee shortly:
2 TIMOTHY 2:2
2 And the things that thou hast heard of me among many witnesses, the same commit thou to faithful men, who shall be able to teach others also.
TITUS 1:5-9
5 For this cause left I thee in Crete, that thou shouldest set in order the things that are wanting, and ordain elders in every city, as I had appointed thee:
6 If any be blameless, the husband of one wife, having faithful children not accused of riot or unruly.
7 For a bishop must be blameless, as the steward of God; not selfwilled, not soon angry, not given to wine, no striker, not given to filthy lucre;
8 But a lover of hospitality, a lover of good men, sober, just, holy, temperate;
9 Holding fast the faithful word as he hath been taught, that he may be able by sound doctrine both to exhort and to convince the gainsayers.
HEBREWS 12:18-29
18 For ye are not come unto the mount that might be touched, and that burned with fire, nor unto blackness, and darkness, and tempest,
19 And the sound of a trumpet, and the voice of words; which voice they that heard intreated that the word should not be spoken to them any more:
20 (For they could not endure that which was commanded, And if so much as a beast touch the mountain, it shall be stoned, or thrust through with a dart:
21 And so terrible was the sight, that Moses said, I exceedingly fear and quake:)
22 But ye are come unto mount Sion, and unto the city of the living God, the heavenly Jerusalem, and to an innumerable company of angels,
23 To the general assembly and church of the firstborn, which are written in heaven, and to God the Judge of all, and to the spirits of just men made perfect,
24 And to Jesus the mediator of the new covenant, and to the blood of sprinkling, that speaketh better things than that of Abel.
25 See that ye refuse not him that speaketh. For if they escaped not who refused him that spake on earth, much more shall not we escape, if we turn away from him that speaketh from heaven:
26 Whose voice then shook the earth: but now he hath promised, saying, Yet once more I shake not the earth only, but also heaven.
27 And this word, Yet once more, signifieth the removing of those things that are shaken, as of things that are made, that those things which cannot be shaken may remain.
28 Wherefore we receiving a kingdom which cannot be moved, let us have grace, whereby we may serve God acceptably with reverence and godly fear:
29 For our God is a consuming fire.
JAMES 2:8-13
8 If ye fulfil the royal law according to the scripture, Thou shalt love thy neighbour as thyself, ye do well:
9 But if ye have respect to persons, ye commit sin, and are convinced of the law as transgressors.
10 For whosoever shall keep the whole law, and yet offend in one point, he is guilty of all.
11 For he that said, Do not commit adultery, said also, Do not kill. Now if thou commit no adultery, yet if thou kill, thou art become a transgressor of the law.
12 So speak ye, and so do, as they that shall be judged by the law of liberty.
13 For he shall have judgment without mercy, that hath shewed no mercy; and mercy rejoiceth against judgment.
1 PETER 2:9-10
9 But ye are a chosen generation, a royal priesthood, an holy nation, a peculiar people; that ye should shew forth the praises of him who hath called you out of darkness into his marvellous light:
10 Which in time past were not a people, but are now the people of God: which had not obtained mercy, but now have obtained mercy.
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