BROWN EU MUST TAKE GLOBAL CONTROL

BROWN CALLS FOR EUROPEAN UNION WORLD CONTROL
http://www.youtube.com/watch?v=EyTRCZABaDI
EU
http://www.youtube.com/watch?v=5S8N-CNjYq0&feature=related
LISBON EXPLAINED
http://www.youtube.com/watch?v=rXCzWTVHjrs
http://www.youtube.com/watch?v=vLYueV6aFPA&feature=related
http://www.indymedia.ie/article/86544
http://www.redpepper.org.uk/article1164.html
http://www.brusselsjournal.com/node/2104
http://www.youtube.com/watch?v=2JJlI9swbsA&feature=related
http://www.youtube.com/watch?v=bM2Ql3wOGcU&feature=related
http://www.youtube.com/watch?v=Mg3gHT0_ins&feature=related

UN & IMF Back Agenda For Global Financial Dictatorship
Paul Joseph Watson Prison Planet.com Friday, March 27, 2009

Both the IMF and the United Nations have thrown their weight behind proposals to implement a new world reserve currency system to replace the dollar as part of the acceleration towards a global financial dictatorship, in the same week that Treasury Secretary Timothy Geithner told CFR globalists that he was open to the idea.As we reported yesterday, Timothy Geithner initially renounced a Chinese and Russian proposal to supplant the dollar with a new global currency, but he later told CFR elitists, who have consistently lobbied for a global currency as part of a wider agenda for global government, that he was open to the idea. Indeed, before Geithner was appointed by Obama when he was still president of the Federal Reserve Bank of New York, he argued for a new global central banking system shortly after attending the 2008 Bilderberg meeting.Now the U.N. and the IMF have thrown their weight behind the move and reports indicate that the matter will be a major point of discussion at the upcoming G20 conference, with officials having initially dismissed speculation that a global currency would be on the agenda.A UN panel of expert economists pressed Thursday for a new global currency reserve scheme to replace the volatile, dollar-based system and for coordinated steps by rich countries to stimulate their economies,reports AFP.A new Global Reserve System — what may be viewed as a greatly expanded SDR (Special Drawing Rights), with regular or cyclically adjusted emissions calibrated to the size of reserve accumulations, could contribute to global stability, economic strength and global equity, the panel said.

In addition, IMF managing director Dominique Strauss-Kahn said that talks on a new global reserve currency to replace the US dollar were legitimate and could take place in the coming months, according to the report.As we have repeatedly warned, the introduction of a new global currency system is a key cornerstone in the move towards global government, centralized control and more power being concentrated into fewer hands.The swift and ruthless exploitation of the economic meltdown on behalf of globalists and central banks who caused the problem in the first place revolves around their drive for a global monetary union, which is a directive coming from the very inner core of the CFR and the Bilderberg Group.The Federal Reserve is already is a private organization and as such unaccountable to the American people. A global central bank, which is effectively what a new global reserve currency system will create, will establish a de facto financial dictatorship which will wield power over the economies of every country on the planet with no accountability whatsoever.The ruling elite resolved long ago to force a global currency down our throats. In fact, a global currency is at the very core of their plan to dominate the world. Control money and you control the destiny of states, you eliminate national sovereignty. The control of money and credit strikes at the very heart of national sovereignty, A.W. Clausen, president of Bank of America once observed.As Georgetown professor and CFR historian Carroll Quigley noted, the goal of the banking families and their minions consists of nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole… controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.In 2007, Robert Mundell, the father of the euro, noted that international monetary reform usually becomes possible only in response to a felt need and the threat of a global crisis.

That very crisis arrived shortly after, providing the elite with the perfect opportunity to ram through a massive program of financial centralization by posing as the saviors - when they created the problem in the first place.The very actions of the elite will continue to worsen the financial crisis, providing the necessary political capital for them to institute what they had planned all along - a new global currency for the global government that they plan to implement thereafter.

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.

28 injured as tornados rip through southern Miss.By HOLBROOK MOHR, Associated Press Writer – Thu Mar 26, 6:57 pm ET

MAGEE, Miss. – Residents in a tornado-ravaged community took advantage of clearing skies Thursday to collect family keepsakes and begin cleaning up from a storm that left 28 injured and dozens of homes and businesses flattened across south-central Mississippi.But Magee, a town of about 5,000 in Mississippi's pine forests, may not have much time to begin serious cleanup as another storm system with the potential for more destruction was expected late Thursday or early Friday.While families were busy moving debris from around homes and covering exposed ceilings, the steady grinding of chain saws echoed through the community as utility crews cleared fallen trees from power lines.Magee Mayor Jimmy Clyde said the community was in the early stages of assessing the destruction from a pre-dawn twister that smashed through dozens of homes and apartment duplexes and damaged two churches.This is like reliving Hurricane Katrina all over again and that's no fun, Clyde said as office phones rang constantly with reports of storm-damaged neighborhoods and lost power and water service.We got hit back then and we've really been hit now.Officials believe 36 homes, a church and a business were destroyed in Simpson County, where Magee is located, and another 86 homes and structures were damaged. Across the state, 43 structures were destroyed and another 146 were damaged by at least five confirmed tornados.Phillip Runnels spent the afternoon sifting through what was the barely recognizable remains of his mother's mobile home on Mississippi 28.

His mother, Pamela McCallum, 48, was in good condition after being airlifted to the University of Mississippi Medical Center in Jackson. Her boyfriend, Larry Pearson, 58, was also injured and was in fair condition.She's in pretty bad shape and Mr. Larry, he's in worse shape,Runnels said as he continued his inspection.The twister smashed through Magee around 1:30 a.m. as severe thunderstorms rumbled across the Southeast. Power blackouts affected tens of thousands of Louisiana residents and authorities reported damage to some Alabama homes. Georgia residents also braced for potentially heavy rains.

There were no immediate reports of deaths.

Mississippi's governor declared a state of emergency in Simpson County. At least nine counties reported damage Thursday. An elementary school was closed in Amite County in southern Mississippi after high winds tore off part of its roof.The Salvation Army and other aid organizations hurried warm meals and supplies to stricken areas.We're getting a lot of help in here,Clyde said.That's the thing about Mississippi. Everybody just helps each other in times like this.Clyde said homes in some areas were basically leveled and damage was extensive just outside the city limits.Jeff Giachelli, 48, said he and his wife, Cappy, were asleep when the storm hit. He called to his wife when the windows of their red-brick home shattered. His roof also had been sheared off.We got in the closet and it just collapsed, he said.In a nearby neighborhood, several brick duplex apartments were smashed and cars were flipped upside down.Stephanie Malley, 35, cried as she looked at the shell of her home, its roof gone. She awoke when flying debris hit her in the back. She grabbed her 11- and 13-year-old sons and pulled them into a bathroom. We stayed in the bathroom for a long time until everything started coming down,Malley said.

Her 11-year-old needed nine stitches for a cut on his leg. Nearby houses were marked with red spray paint to show that emergency workers who dug through the rubble didn't find any injured or dead residents.The nearby Corinth Baptist Church was so shattered that only the doors to its sanctuary were left standing, she said. Members of the 100-year-old church stepped around the red brick rubble and walked through a cemetery where tombstones were knocked to the ground. A white church van was overturned. There were still plans to hold Sunday services in the parking lot, however. Our church is still here, because our church is the people, but the building is gone,said member Charlene Loyd. Another tornado touched down Wednesday in Mississippi's Lauderdale County, heavily damaging nine homes and a business, but causing no injuries, officials said.In Baton Rouge, La., the roof over Louisiana State University's $3.1 million indoor football practice field was damaged overnight by a passing storm. Crews there worked Thursday to restore electricity to thousands. Associated Press writers Chris Talbott in Jackson, Miss., and Kevin McGill in New Orleans contributed to this report.

Massive floods swamp North Dakota by Ann Arbor Miller – Thu Mar 26, 6:59 pm ET

FARGO, North Dakota (AFP) – With rapidly rising floodwaters lapping at sandbag dikes and scores of rural homes surrounded, North Dakota scrambled Thursday to reinforce defenses against what is forecast to be its worst floods in recorded history.

Officials have had to blow up ice jams with explosives and rescue trapped residents by boat and helicopter as ice and snow clogged waters swamped the flat prairie state.
A heavy blizzard knocked out power and dumped wet snow and freezing rain Wednesday, making many roads impassable and saturating the already sodden earth.It's uncharted territory,Fargo Mayor Dennis Walaker said. If nature has anything else to throw at us, it'd have to be a tornado.President Barack Obama issued a federal disaster declaration for 34 counties and two Native American reservations as nearly the entire state remained under a major flood warning.Low-lying homes across the region were evacuated as rivers and creeks spilled over their banks, though damage for now was largely restricted to water in basements.Several bridges and roads were already closed due to flooding as an unusually heavy snowpack began to melt on top of land that has not yet fully thawed.The state has turned into a fishing pond and can't absorb any more snow or rain, said Patrick Slattery of the National Weather Service.

The biggest threat was the Red River, which runs along the North Dakota-Minnesota border and flows northward to Canada. In 1997 massive flooding from the river forced tens of thousands of people from their homes -- an event looking to be eclipsed by this weekend.It was already 20 feet (six meters) above flood levels in Fargo and was forecast to rise several more before cresting on Saturday.Fargo -- a city of about 92,000 -- was most at risk as it has not developed the extensive flood protection systems of upriver cities like Grand Forks and Winnipeg, Canada.Thousands of volunteers, many in the city's Fargodome arena, filled 2.5 million sandbags to build miles of dikes as tall as a four-story building to hold back the rising river, which was at nearly 39 feet (11.9 meters) deep Thursday.But just as the exhausting bag-by-bag work seemed close to completion, forecasters raised their predicted crest level by a possible three feet.Conditions on the Red River at Fargo have grown increasingly dangerous over the past 24 hours, the weather service said in a bulletin late Thursday.The river is currently approaching record levels and showing no sign of slowing, it said, warning that flows upstream of the city have produced unprecedented conditions and the river is expected to behave in ways never previously observed.The crest could reach as high as 43 feet (13.1 meters) by Saturday and continue at that level for three to seven days, the weather service predicted.In 1897 the Red River reached a record 40.1 feet (12.2 meters) in Fargo. The massive 1997 flood sent waters here to 39.57 feet (12 meters) high.Officials began distributing evacuation plans and building a secondary system of dikes to protect against potential breaches after the cold weather has weakened the integrity of the dikes, which must now be raised by another foot.

But they promised residents they were not giving up.

We will defend every house, said deputy mayor Tim Mahoney, who noted that the river is already lapping at the sandbag dike in his own backyard. The state capitol of Bismark was granted some relief Thursday when the Missouri river levels fell back below flood stage after army specialists used explosives, sand and salt dropped from helicopters to break up a massive ice jam. But large swaths of the city remain under an evacuation order and several stranded residents had to be rescued. About 50 homes north of Winnipeg, Canada were flooded when an ice jam held up the flow of the Red River, local media reported.It will take at least a week for the crest to reach the Canadian border because of the flatness of the land, the weather service predicted.

More snow was forecast to fall on the Red River valley in the coming days and rain could worsen flood conditions next week.

Floods and tropical storms ravage Mozambique … Thu Mar 26, 1:31 pm ET

MAPUTO (AFP) – Flooding has cut off food supplies to 4,000 people in northwestern Mozambique, as swelling rivers and a strong tropical storm raise fears of severe weather emergencies, state media said on Thursday.At this moment all our teams, including marine officials, the Red Cross, the government, health, we're all prepared to face this storm, Antonio Duarte, an official from the central coast district of Pebane, told TVM television.The station reported that food aid would be needed in Cuamba, in the northwestern Niassa province, where the Lurio river basin has swollen under heavy rains that have been pounding the southern Africa region for weeks.We're monitoring it, said Duarte adding that rains over the past weekend damaged hundreds of houses and left three people injured in Pebane.Flooding in the upper Zambezi river basin has already displaced hundreds of thousands in Angola, Namibia and Zambia, the United Nations reports.The deluge has jeopardized food security in the southern African region and raised the threat of cholera and malaria outbreaks.As the flood waters travel downstream, officials in Mozambique are nervously watching their own stretch of the Zambezi basin.Last year, heavy rains in Zambia, Zimbabwe and Malawi caused flash flooding in Mozambique that displaced tens of thousands of people and destroyed almost 100,000 hectares of crops.Emergency officials in Mozambique are also monitoring tropical storm Izilda, which meteorologists say is gaining strength in the Mozambique Channel.Mozambique is no stranger to weather-related disasters. In 2000-2001 about 700 people were killed in one of the country's worst floods when torrential rains hit the southeastern African country.

FAMINE

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

Northern US flooding may cut wheat crop, boost soy Thu Mar 26, 6:35 pm ET

FARGO, North Dakota (Reuters) – North Dakota and Minnesota girded for the worst flooding in years, which could prompt farmers to cut spring wheat plantings by as much as 500,000 acres in the four main wheat-producing U.S. states.Fargo, N.D. was expecting a 41-foot crest on the Red River by Saturday that would break a 112-year-old record.Farmers still able to seed a crop will look hard at soybeans, which can be planted as late as early June, experts said.This isn't good news for wheat, Joel Ransom, an agronomist in cereal crops at North Dakota State University, said over the phone as he heaved sandbags onto a dike at the Red River in Fargo.Due to lower wheat prices, the North Dakota Wheat Commission already was expecting wheat plantings from North Dakota, Minnesota, Montana and South Dakota to drop sharply to 12.3 million acres from 12.8 million last year.That spring wheat reduction may now double, with another 500,000 former wheat acres planted instead with later-seeding crops like soybeans, sunflowers and dry beans, or not planted at all, said Jim Peterson, marketing director of the farmer-run commission.The U.S. Agriculture Department has predicted that at least 1 million acres in North Dakota will go unseeded this spring.

Producers want to grow a crop, that's how they generate their income, but if you just perpetually get stuck all the time or you mud a crop in ... it's like playing in the mud when you're a kid, Peterson said. It gets hard and packed and pretty poor (for) germination.Losing 500,000 wheat acres to flood and crop switches is a realistic estimate, said Rob Proulx, an agronomy lecturer at University of Minnesota in Crookston, Minn. near the east bank of the Red River.Wheat planting in North Dakota generally needs to start by mid-April, while soybean seeding can wait an extra month, Peterson said.Corn planting usually begins by May 5, but there are still roughly 400,000 unharvested acres in North Dakota and Minnesota, creating another delay for those farmers seeding new crop. Some farmers may switch to corn that has a shorter growing season, Peterson said.

The long-range forecast is no source of comfort.

March through May is expected to be wetter and cooler than last year, said Tim Hanagan, an analyst for Alaron Trading.Because of the supply and demand ratio and economics it makes sense for farmers in the northern tier of states to switch to soybeans, Hanagan said.Wheat has been a popular crop choice in the northern half of North Dakota, with corn and soybeans dominating the south, Ransom said.In Fargo, volunteers from as far away as Minneapolis scrambled to raise dikes another three feet to hold the river back after the crest forecast rose.Western North Dakota, out of the reach of the Red River, is also fighting floods because of ice jams on the Missouri River. The number of residents forced to evacuate statewide was not available on Thursday.The National Weather Service was predicting less than an inch of snow for Fargo Thursday, but no precipitation for the next four days.North of the border in the Canadian province of Manitoba, the Red River's crest isn't expected until April 5 at the earliest, but ice jams on the river have flooded or threatened 50 homes north of the city of Winnipeg. The ice jam broke up Thursday morning, but government officials said the ice could jam again if it moves. Winnipeg, home to 633,000 residents, is protected by an expanded floodway system that channels excess water around the city. The Manitoba government is considering evacuation plans for two communities with a combined population of 855. (Reporting by Rod Nickel in Saskatoon, Saskatchewan, Sam Nelson in Chicago and Rich Mattern in Fargo, North Dakota; writing by Rod Nickel; Editing by David Gregorio)

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)
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) through them; and, behold, I will destroy them with the earth.

Alaska volcano erupts twice, sends ash 12 miles up By MARY PEMBERTON, Associated Press Writer – MAR 26,09

ANCHORAGE, Alaska – Alaska's Mount Redoubt erupted several times Thursday, spewing a more than 12-mile-high cloud that could drop ash on Anchorage for the first time since the volcano began erupting Sunday night.The Alaska Volcano Observatory said the first eruption around 8:30 a.m. shot an ash cloud about 30,000 feet in the air, and a second eruption about an hour later sent ash 65,000 feet high — the highest cloud since the eruptions began. Five to 10 smaller eruptions followed, with none of their plumes surpassing 20,000 feet.The largest eruption caused a mud flow into the Drift River near the base of the volcano.Before Thursday's eruptions, the volcano had been relatively quiet for more than a day.We can have these large explosions pretty much any time, said Stephanie Prejean, an observatory seismologist. We don't know how long this will continue.When Redoubt last erupted 20 years ago, it went on for four months.

The National Weather Service said prevailing winds were expected to carry ash from the larger eruption east across Cook Inlet toward some of Alaska's larger communities. An ash fall advisory for the western Kenai Peninsula covers the towns of Kenai, Soldotna and Cooper Landing.The weather service said a trace of ash was reported south of Kenai and at its airport, but it wasn't expecting any significant accumulation from Thursday's eruptions.Ash dropped Thursday afternoon on Homer, a tourist and fishing town at the southern tip of the Kenai Peninsula.Juxia Scarpitta, owner of Halcyon Heights Bed and Breakfast in Homer, said the ash had obliterated her view of the bay and turned the snow into what looked like a carpet covered with gray dots.It is falling pretty fast,she said.Anchorage spokeswoman Jenny Evans said the state's largest city, roughly 100 miles northeast of the volcano, could see trace amounts of ash.Alaska Airlines canceled all flights to and from Anchorage until sunrise Friday, and all planes at Elmendorf Air Force Base in Anchorage were either placed in shelters or moved to other bases. Ash poses a significant threat to aircraft engines.

The National Weather Service also issued a flash flood warning for the Drift River, near the volcano. Eruptions can cause snow and ice to melt on the mountain, resulting in flooding along the river that drains from the mountain.Research geologists with the U.S. Geological Survey have said a lot of snow and ice remains on the mountain, increasing the danger from mud flows that already have downed hundreds of trees and carved a huge gouge out of a glacier.The mud flows also have littered the airport at the Drift River Terminal, a Chevron-operated facility that has been shut down but still has 6.2 million gallons of crude stored in two tanks. Until the airport runway is cleared, it is unusable.Prejean said it was not known if the mud flow produced Thursday reached the oil storage facility.Eleven employees were evacuated from the terminal Monday. Lana Johnson, a consultant for Cook Inlet Pipeline Co., said two crews reached the terminal by helicopter on Thursday but were evacuated when the volcano erupted. Previous flights had indicated that the oil storage tanks were not damaged and surrounding berms and dikes to contain any spilled oil were also OK.

Johnson said there was monitoring equipment at the terminal that could be read remotely, and the system indicated the tanks were holding the oil. Sara Francis, spokeswoman for the U.S. Coast Guard, said the safest place for that oil to be right now is in those tanks.Since the first series of eruptions Sunday night and early Monday morning, the volcano has had several smaller bursts with most ash falling on sparsely populated areas northwest of Anchorage. Some people in more populated areas were nervous about getting a dusting from Thursday's eruptions. Scarpitta, the B&B owner, said she's expecting the arrival of visitors from another disaster area — along North Dakota's Red River, where a historic crest was expected Saturday and thousands of sandbaggers were trying to prevent widespread flooding. Scarpitta said a family was coming so one of them can celebrate his birthday in Alaska. He is still coming right now. I advised him to get trip insurance,she said.

FALSE TEACHERS,PROPHETS,DECIEVERS

MATTHEW 24:4-5,11,24-25
4 And Jesus answered and said unto them, Take heed that no man deceive you.
5 For many shall come in my name, saying, I am Christ; and shall deceive many.
11 And many false prophets shall rise, and shall deceive many.
24 For there shall arise false Christs, and false prophets, and shall shew great signs and wonders; insomuch that, if it were possible, they shall deceive the very elect.
25 Behold, I have told you before.

1 TIMOTHY 4:1-2
1 Now the Spirit speaketh expressly, that in the latter times some shall depart from the faith, giving heed to seducing spirits, and doctrines of devils;
2 Speaking lies in hypocrisy; having their conscience seared with a hot iron;

MARK 13:22-23
22 For false Christs and false prophets shall rise, and shall shew signs and wonders, to seduce, if it were possible, even the elect.
23 But take ye heed: behold, I have foretold you all things.

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

Honduran Congress: Ban Antichrist sect building – Wed Mar 25, 2:54 pm ET

TEGUCIGALPA, Honduras – Honduran lawmakers have asked authorities to stop a religious group led by a man calling himself the Antichrist from constructing a spiritual center in the country's capital.Jose Luis de Jesus Miranda is banned from entering Honduras, but his Growing in Grace Church has 20 offices in the Central American nation.The Puerto Rican native has 666 tattooed on his forearm and preaches that sin and the devil do not exist.The Honduran Congress unanimously voted Tuesday to ask authorities to prohibit the sect from constructing the center in Tegucigalpa.Miranda founded Growing in Grace in 1986 and claims to have 2 million followers in 35 nations — most in Miami, where he lives, and Colombia.

VIDEO OF MASS GRAVE SITES
http://www.infowars.com/video-footage-of-phoenix-mass-grave-site/
http://www.youtube.com/watch?v=tevCNjgxnhs&feature=player_embedded
http://www.youtube.com/watch?v=OnqhfQ7O5Cg&feature=player_embedded
http://www.youtube.com/watch?v=jeqjykY5wPk&feature=player_embedded
http://www.youtube.com/watch?v=X0P-Q0vvCM0&feature=player_embedded

Video Footage of Phoenix Mass Grave Site
Infowars March 26, 2009

Video footage of a suspected mass grave site at the National Memorial Cemetery in Phoenix, Arizona, has surfaced on YouTube. I am still skeptical about the mass graves being used for civilians, H5N1 victims, writes wokeuplastweek, who posted the video. I’m not denying that it could be of dual-use, but I don’t find it to be likely for this particular issue. Looking at the statistics on current living veterans, it would make sense that they would need this many graves. Many WWII, Korean, and Vietnam Vets are getting up there in age. Gulf War Vets are coming back very ill from DU exposure, Gulf War Syndrome, and other issues and dying prematurely.On March 25, Shepard Ambellas appeared on the Alex Jones Show. Ambellas wrote a story and provided photographs of the site. See Military Industrial Complex Prepares Mass Graves for U.S. Citizens.Shepard Ambellas on Alex Jones TV. Part 2.Ambellas’ coverage of a suspected mass grave site in Arizona follows earlier reports. On July 18, 2008, a post on the Neithercorp Forum revealed the existence of a site in Georgia where 500,000 plastic coffins are stored. See Half a Million Plastic Coffins?

Plastic coffins stored in Georgia, home of the Center for Disease Control.

On February 11th, 2009, D. H. Williams of the Daily Newscaster reported on an Indiana county municipal official in the vicinity of Chicago who stated FEMA inquired to where mass graves could be placed in the county. FEMA indicated the site would take bodies from other locations around the country. In addition, FEMA said the county should prepare a plan to vaccinate the entire population within 48 hours.

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

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

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

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

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

WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/

HALF HOUR DOW RESULTS FRI MAR 27,2009

09:30 AM -11.79
10:00 AM -116.68
10:30 AM -133.01
11:00 AM -108.16
11:30 AM -116.37
12:00 PM -101.31
12:30 PM -121.78
01:00 PM -148.91
01:30 PM -130.06
02:00 PM -167.18
02:30 PM -143.13
03:00 PM -126.08
03:30 PM -116.52
04:00 PM -148.38 7776.18

S&P 500 815.94 -16.92

NASDAQ 1545.20 -41.80

GOLD 923.60 -16.40

OIL 52.15 -2.15

TSE 300 8821.06 -174.44

CDNX 961.02 -13.00

S&P/TSX/60 535.26 -11.34

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow -9.71%
S&P -7.79%
Nasdaq +0.63%
TSX Advances 992,declines 570,unchanged 254,Volume 2,788,578,548.
TSX Venture Exchange Advances 444,Declines 316,Unchanged 392,Volume 272,770,655.

Dow -99 points at 4 minutes of trading today.
Dow -146 points at low today.
Dow -3 points at high today so far.
GOLD opens at $925.30.OIL opens at $52.10 today.
Retail Gasoline prices inch over $2/gallon.
Bank of florida withdraws TARP application.
Johnson controls closes 10 plants eliminates jobs.
GM +10%,FT says no plans for Gm to ask for additional aid.
KB home sees no meaningful improvement in Market conditions.
Masco several quarters of extremely challenging conditions.
EIA gas inventory build triggered 9% slide in natural gas futures.

AFTERNOON,NEWS,STATS
Dow -156 points at low today so far.
Dow -3 points at high today so far.

DAY TODAY PERFORMANCE - 12:30PM STATS
NYSE Advances 966,declines 2,620,unchanged 101,New Highs 11,New Lows 74.
Volume 3,059,332,787.
NASDAQ Advances 757,declines 1,850,unchanged 121,New highs 9,New Lows 14.
Volume 1,018,082,933.
TSX Advances 441,declines 860,unchanged 266,Volume 1,163,916,506.
TSX Venture Exchange Advances 251,Declines 289,Unchanged 281,Volume 113,405,436.

WRAPUP,NEWS,STATS
Dow -186 points at low today.
Dow -3 points at high today.
Dow -1.87% today Volume 323,645,101.
Nasdaq -2.63% today Volume 1,935,145,271.
S&P 500 -2.03% today Volume N/A
FEB consumer spending +0.2%,Personal income -0.2%.
Dow heading for biggest monthly gain since 2002.
Dow on track for first monthly gain since OCT.
Dow up 10.1% this month MAR.
Dow up 6.8% this week.
Dow up 18.8% from bear market closing low on MAR 09.
S&P up 20.6% from bear market closing low on MAR 09.
S&P up 6.2% this week.
S&P heading for biggest monthly gain since 1991.
S&P up 11.0% this month.
Nasdaq up 12.2% in MAR.
Nasdaq up 6.0% this week.
Nasdaq up 21.8% from bear market closing low on MAR 09.
Nasdaq heading for biggest monthly gain since 2002.
STOCKS ADVANCE FOR 3RD STRAIGHT WEEK.
Wall street rally pauses after 21% runup for Dow over 13 sessions.

RECORD LOWS DOW
-Sept 30,1996 5,882.17
-Oct 30,1996 5,993.23
-Nov 6,1996 6,177.71
-Dec 16,1996 6,268.35
-Apr 15,1997 6,587.16
-Apr 21,1997 6,660.21
-Apr 28,1997 6,783.02
-May 1,1997 6,976.48
-May 7,1997 7,085.65

RECORD LOWS S&P 500
-Sept 5,1996 649.44
-Sept 6,1996 655.68
-Sept 11,1996 667.28
-Sept 12,1996 671.13
-Oct 1,1996 689.08
-Oct 28,1996 697.26
-Nov 4,1996 706.73
-Nov 5,1996 714.14
-Dec 17,1996 726.04

YEAR TO DATE PERFORMANCE,WEEKENDER
Dow -11.40%
S&P -9.67%
Nasdaq -2.02%
CANADAS WEEK ENDING STATS
TSX Advances 560,Declines 955,Unchanged 260 Volume 2,391,255,490.
TSX Venture Advances 392,Declines 343,Unchanged 350 Volume 193,938,302.

WORLD GOVERNMENT

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.

BROWN CALLS FOR EUROPEAN UNION WORLD CONTROL
http://www.youtube.com/watch?v=EyTRCZABaDI

Currency issues will be discussed at G20: UK's Brown
Thu Mar 26, 2009 11:38am EDT

BRASILIA (Reuters) - British Prime Minister Gordon Brown said on Thursday that currency issues would be discussed at a crucial G20 financial summit next week.Yes, we'll discuss currency issues, yes we'll discuss fiscal issues, Brown told a news conference after meeting Brazil's President Luiz Inacio Lula da Silva.Leading industrial and developing nations, including Brazil, will attend the G20 summit that Brown hosts in London on April 2.(Reporting by Adrian Croft)

Press releaseGordon Brown: EU must take the lead in reforming global financial institutions Institutions - 24-03-2009 - 17:23

Brown tells MEPs ahead of London G-20 summit: We need a new consensus for our times
Europe must take the lead in finding solutions to the global crisis at next week's G20summit, British prime minister Gordon Brown told MEPs in a speech in Strasbourg on Tuesday that was warmly welcomed by leaders of the main political groups. The group leaders of the smaller political groups questioned whether the UK's economy was well placed to recover. Europe uniquely placed to lead the world through global crisis, says Brown.

Today we enjoy a Europe of peace and unity which will truly rank among the finest of human achievements and which is today a beacon of hope for the whole world, the British prime minister told the House. He was proud to say that Britain today was a country not in Europe's slipstream but firmly in its mainstream. Europe was uniquely placed to lead the world in meeting the challenges of globalisation precisely because it had achieved the greatest and biggest single market in the world, the most comprehensive framework of environmental protection, the world's biggest programme of aid and the most comprehensive social protection anywhere in the world.However, he stressed, our whole experience as a European Union is that liberty, economic progress and social justice advance together or not at all and he wished to discuss how applying those values could help Europe and the world rise to the four great challenges of globalisation: financial instability, environmental degradation, extremism and the threats it brings to security, and growing poverty in the world.

Globalisation has violated moral boundaries

Let us be honest with each other: our global economic system has not just developed but been distorted in ways that run contrary to the values we celebrate and uphold in every other part or our lives, said Mr Brown.Just as globalisation has been crossing national boundaries - we know it has been crossing moral boundaries too.He therefore proposed that Europe take a central role replacing the Washington consensus with a new consensus for our times.First, he stressed, protectionism must be rejected as protectionism is the politics of defeatism, retreat and fear and in the end protects no-one at all. Turning to constructive moves, Mr Brown called for every continent to make the changes to its banking systems, cooperate in setting global standards for financial regulation and inject resources into their economy.

Amid the crisis, the world's poorest people must not be forgotten

Among other measures, he called for the end for offshore tax havens, recognition that any fiscal stimulus to the economy can be twice as effective in every country if it is adopted by all countries, and efforts to build a low carbon recovery.He also stressed that the countries of eastern and central Europe who are facing particular strains due to a flight of capital will not be abandoned, saying We will not walk away from you at your time of need.The need too maintain aid to poorer countries was another point emphasised by the prime minister, who pointed out that half a million more children are dying as a result of the global crisis.He repeated his well-known appeal for the world to make poverty history.Lastly, Mr Brown stressed the importance of EU-US cooperation on all fronts, saying the most urgently needed gift of such cooperation would be more jobs, more businesses, more trade, as together we meet and master the greatest challenges of our time.It is better to aim too high and fall short than aim too low and succeed, he said, quoting the saying attributed to Michelangelo.

EP President welcomes Brown's active international leadership

In his introduction, European Parliament President Hans-Gert Pöttering had said the G20 summit offers a vital opportunity for the leaders of both the industrialised world and the emerging economies to work together on a common agenda for immediate economic stability - and longer-term recovery.He continued As chairman of the G20, Gordon Brown has been offering active international leadership, at what is proving to be one of the most difficult times in recent history and added I have always believed that it is vital that Britain plays a committed role as a central player in the European Union. We strongly welcome your determination to play such a role.

European Commission President

I am confident that the G-20 summit, under Prime Minister Brown's leadership, will be a success said Commission President José Manuel BARROSO, reminding the House that the initiative for a global response had come from Europe, and that the EU has a particular responsibility in the summit.A unified message and proactive agenda for simultaneously stimulating the economy and regulating all financial players, from banks to hedge funds to new rules on credit rating agencies, should come out of the London summit, he said. We need to reject all forms of economic nationalism and protectionism, and to reaffirm our commitment to the Millennium Development Goals,he stressed.This severe slowdown calls for a co-ordinated response, to move the frontiers of financial regulation, from which no financial product, institution, market, or jurisdiction should be exempt, said the President, adding that the coming weeks would bring proposed rule changes on hedge funds, private equity and executive pay, to be followed by proposals for a new supervisory system.These actions are only a means to an end: improving people's wellbeing, he said, stressing the need to mitigate the effects of the economic downtown on employment.

European Parliament political group leaders

Joseph DAUL (EPP-ED, FR) pointed out that the crisis had started in the USA, and stressed that Europe will be strong only if it speaks with a single voice at the summit. The G-20 leadership provided by Presidents Barroso and Sarkozy of France had helped restore order to a system that had got out of control, he said. Mr Daul then cited the latest IMF figures on the UK and Hungary as a cause of concern - as a former fireman, he said, he had too often seen fires spread to neighbouring houses.

Before the left-wingers start telling us we must spend money we don't have, please note that it was this that led to the problems of the 1980s, said Mr Daul, nonetheless acknowledging that Mr Brown's government had not been in power at the time.It was the market economy that boosted West Europeans' average income by 40% in 40 years and gave them 2% average annual growth, he continued, noting that this had not happened behind the Berlin Wall.The banks had to be supported to prevent their customers from losing everything, and the recovery programme, together with single market leverage, will help to overcome the crisis, he added, advising Mr Brown to avoid slogans such as 'British jobs for British workers', and remember you are a true European.The Commission must ensure that laws are enforced to make the market free and fair, and the Basel II requirements must be put into effect, he concluded.Mr Brown's speech was a courageous, brilliant description of the way to go, and we subscribe to every word, said Martin SCHULZ (DE) for the Socialist group.

As to Mr Daul's remarks, he continued,the least you can expect of the chairman of a European Parliament political group is that he understands the difference between protectionism and social protection.President Sarkozy may know about protectionism, but he knows nothing about social protection, he added.That Mr Brown had chosen to give his agenda-setting speech here also showed that Parliament is now a true forum of international and multinational politics, said Mr Schulz.It was not greed that was decisive, it's the way the system allowed greed to spread - and now untrammelled liberalism has failed, said Mr Schulz, expressing sympathy for right-wing colleagues forced to accept that their policy, pursued for decades, has now gone pear-shaped.Mr Schulz hoped that renewed relations with the USA would usher in a new era of solidarity among peoples - and anyone who tries to play off environmental policy against economic policy will be making a fundamental mistake, he warned, pointing to the job-creating potential of climate change mitigation measures.The more the right howls, the more you know you are on the right track, he said in conclusion to Mr Brown.Graham WATSON (UK), on behalf of the ALDE Group said You have sketched a big agenda for the G-20 from combating world poverty to nuclear disarmament to peace in the Middle East and I wish you success.Opportunities to work with the Obama administration should not be spoilt by a transatlantic war of words. I know we share that view but America retains its affection for skeletal regulation and the reality of this recession shows that those who wilfully ignored bad practice are now suffering most.We need a new and sustainable economy enshrined in a global social contract. The era of easy money is passed. For future growth making a living must not equate to making a killing.But to achieve these things Europe must marshal consensus and the UK must be part of it.So let Britain be a positive partner cast in the European mould.I expect the single currency to emerge stronger from this crisis in the chill winds of recession investors have sheltered under the euro’s wing. You designed five Byzantine tests that prevented British entry these past 10 years. Will you now work to bring the United Kingdom into the euro in the post-recession period? The UK should not stand back to the wall while others take to the floor this is a dance that Britain should join.

Speaking on behalf of the UEN, Brian CROWLEY ( IE) commended Prime Minister Brown on presenting a case which offers a bridge between Europe and America with regard to some of the problems and difficulties that lie before us.However, he stated that despite the global financial crisis,we should not be allowed to forget the successes of the past fifteen years.Brian Crowley advocated building a financial system based on the successes of the past, recognising the failures that had been made and ensuring that we can chart an ambitious plan forward for a global recovery. Above all, the new financial system should guarantee better things for people not markets.

Monica FRASSONI (Greens/EFA, IT) called for Mr. Brown to back up his speech with actions to bring the UK into the euro or to end some of the UK's opt outs saying the UK was on the wrong side of the argument.Ms Frassoni also called for an end to, rather than a regulation of speculative funds, and for a reduction in the incomes of those who speculate.She pushed for the UK to take more concrete actions on the environment, as currently only 7% of investment is going into green investments.She also spoke out strongly on the forthcoming Copenhagen summit stating that without strong financial commitments,[it] is doomed to failure….along with our ambitions for climate change.

Francis WURTZ (GUE/NGL, FR) stated that since the fall of the Berlin wall, the EU finally gave free rein to unbridled capitalism, which has since outpaced its creators.He called for more humility from public leaders concerning the economic crisis, highlighting the attitude the President of Morgan Stanley Asia who recently stated that We are all responsible: the financial institutions, the regulators, the rating agencies, the management boards, the politicians, the central banks (...) and we all have to assume that collectively.In light of the financial crisis, Mr Wurtz reiterated the call to put people first, which he claimed would represent a Copernican Revolution in relation to what the dominant financial system has become.

Nigel FARAGE (IND/DEM, UK) accused Mr. Brown of breaking a specific manifesto pledge to have a referendum on the Lisbon Treaty, claiming that such an action devalued democracy.He stated that a clear majority of the British people want us to have friendship and free trade with the European Union, but do not want us to be members of this political union.He called for the people of Europe to be able to decide their own destiny, rather than having it done through parliaments like this or parliaments like Westminster.

Daniel HANNAN (UK), of the non-aligned MEPs, criticised Mr Brown for saying one thing here and another thing to your electorate.He argued that the UK was in the worst position of any country in the G20, saying our country as whole is in negative equity and has a budget deficit of 10% more than Pakistan's.He described Mr Brown as the devalued Prime Minister of a devalued government.

PM Brown's response

Prime Minister Brown stressed three points in his response to the debate.First,it is important that the world comes together to deal with this crisis, he said, and Europe had already led the way with certain practical measures. Second, global cooperation must take place not just over banking institutions but also on fiscal policy and trade.We need a global trading environment that is free and fair, he said.Third, to have global solutions we need strong global institutions. The world had changed since the current world bodies were set up in the 1940s and he emphasised the need for Europe to take the lead in overhauling the system.

Gordon Brown urges EU not to retreat into protectionism.Prime minister tells MEPs in Strasbourg that now is not the time to erect national barriers to trade
Nicholas Watt in Strasbourg guardian.co.uk, Tuesday 24 March 2009 14.25 GMT

Gordon Brown today issued an impassioned plea to the European Union to use the lessons of the continent's bloody history to guard against economic protectionism.In his first speech to the European parliament, the prime minister declared that Europe's history showed that erecting national barriers to trade only leads to retreat and fear.I know that the temptation for some is to meet this new insecurity with retreat, to try to feel safe by attempting to pull up the drawbridge or turn the clock back, Brown told MEPs.But I tell you if there's anything we know from history it's that protectionism is the politics of defeatism, retreat and fear and in the end protects no one at all.The prime minister addressed the European parliament in Strasbourg just after lunchtime today on the first leg of a five-day tour that will take him to New York, Brazil and Chile. Brown will meet a series of world leaders to prepare the ground for the G20 summit he will chair in London next week.Brown used today's speech to highlight one of his key messages for the G20: that Europe and the US should work ever more closely in piloting a way out of the worldwide downturn.

But he made clear that Europe first needs to work as one – and avoid protectionism – if it is to have credibility on the world stage. British sources declined to cite specific examples of protectionism, though they voiced support for the European commission, which raised doubts last week after Renault moved some car production from Slovenia back to France.One official talked of the danger of covert protection in which EU governments are tempted to help one industrial sector.Having warned against protectionism, the prime minister then said that Europe and the US should now redouble their efforts to work together.One of the great opportunities ahead of us is for Europe and every other continent, and Europe and America, to work more closely together.I talked to President Obama in recent weeks about what I want to talk to you about today: a new era of heightened cooperation between Europe and America. Never in recent years have we had an American leadership so keen at all levels to cooperate with Europe on financial stability, climate change, security and development, and seldom has such cooperation been so obviously of benefit to us and to all around the world.The prime minister said that Europe had joined together to help deliver – along with the US – the largest fiscal stimulus in world history.I believe that we are seeing the biggest cut in interest rates the world has ever seen and seeing implemented the biggest fiscal stimulus the world has ever agreed.British officials say they are relaxed about the warning from Angela Merkel, the German chancellor, who said at last week's EU summit in Brussels that it would be wrong to introduce a further fiscal stimulus. British officials said that Berlin introduced a fiscal stimulus earlier this year after initially dismissing one. EU leaders and G20 finance ministers also agreed that they would take whatever action is necessary to deal with the downturn.Brown attempted to win round his audience by directly addressing a longstanding view in Strasbourg dating back to his decade as chancellor: that he is a less-than-convinced European.He said: Some of you will know that I have for many years advanced the case for a global Europe. I know some critics suggested that I supported global action more because I supported European action less. But I have made this case so strongly for so long precisely because I passionately want Europe to be leading on the world stage.The prime minister also reached out to his audience by talking of his pride that Westminster had ratified the Lisbon treaty by a large majority.Dismissing Donald Rumsfeld's notorious jibe about how the continent was divided into new and old Europe, the prime minister said: Friends today, there is no old Europe, no new Europe, no east or west Europe. There is only Europe ... Our home, Europe.

So I stand here today proud to be British and proud to be European, representing a country that does not see itself as an island adrift from Europe but as a country at the centre of Europe, not in Europe's slipstream but firmly in its mainstream.His strong support for Britain's membership of the EU was aimed at David Cameron, who confirmed last week that the Tories would withdraw from the centre right EPP-ED grouping in Strasbourg after the parliamentary elections in June. This has dismayed pro-European Tories. Christopher Beazley, a pro-European MEP, yesterday resigned the Tory whip to remain in the EPP-ED.Beazley told the East Anglian Daily Times: I am terribly sad but I cannot watch my country head for the rocks, which it will do if Cameron becomes prime minister and has no allies in the major governments of the EU.

BETWEEN THE GLOBAL GREEN TREATIES(ENVIROMENTAL SCAM MOVEMENT)(EVIROMENTAL CULT WORSHIP INSTEAD OF WORSHIPPING KING JESUS THE GOD OF ISRAEL AND THE WORLD).AND THE COLLAPSING GLOBAL ECONOMIES IS HOW THE EU TAKES WORLD CONTROL SINCE THE BIBLE CLEARLY SAYS THE EU WILL TAKE WORLD ECONOMIC CONTROL.SO BROWNS CALL FOR THE EU TO TAKE WORLD CONTROL WILL WORK,YOU CAN COUNT ON IT GOD TOLD US IT WOULD HAPPEN IN HIS WORDS THE BIBLE.

UK's Brown urges G20 to back $100 billion more trade credit
Thu Mar 26, 2009 11:15am EDT

BRASILIA (Reuters) - British Prime Minister Gordon Brown said on Thursday he would urge the G20 powers to back a $100 billion expansion of trade finance to reverse a slide in world trade.I'm going to ask the G20 summit next week to support a global expansion of trade finance of at least $100 billion to help revive trade in all parts of the world, he told a news conference after meeting Brazil's President Luiz Inacio Lula da Silva.Leading industrial and developing nations, including Brazil, will attend the G20 summit that Brown hosts in London on April 2.A shortage of trade credit, which allows exporters and importers to settle accounts, has been a factor in a sharp drop in global trade which is exacerbating the economic downturn.(Reporting by Adrian Croft)

G20 summit will test resolve on greener economy
Thu Mar 26, 2009 12:02pm EDTBy Gerard Wynn

LONDON (Reuters) - A G20 summit next week will test leading countries' appetite to fight climate change after spending trillions bailing out banks and shoring up the global economy.The April 2 meeting in London of leaders of major developed and emerging economies aims to battle a financial crisis.British Prime Minister Gordon Brown, hosting the meeting, also wants to coordinate economic stimulus spending on a global response to climate change.If the summit fails to widen its agenda to green spending that would be seen at best as a wasted chance, and at worst evidence of waning enthusiasm to sign this year an ambitious pact to replace the Kyoto Protocol after 2012.We need a very clear signal that the G20 views this as broader than fixing a financial crisis, said Achim Steiner, executive director of the UN Environment Program.When you see $100 billion going into rescuing one or two companies you have to ask yourself is this the most rational way of dealing with a (climate) threat that will have far greater economic consequences and human suffering.The London meeting coincides with a resumption next week of U.N.-led climate talks in Bonn, Germany, meant to lay the foundations for a new climate treaty in Copenhagen in December.G20 powers could confirm next Thursday their commitment to forge a new climate treaty in Copenhagen, and urge spending wherever possible of a $2 trillion-3 trillion global stimulus on green causes, analysts say.The United States, the Europe Union, China and South Korea have led green spending plans of $300 billion-500 billion, or about 15 percent of wider economic stimulus plans, to boost low-carbon technologies, improve efficiency and protect the environment.

Much of that will be spent in the next two years.

Some analysts and green groups argue that is not enough, wary that future climate spend will be hamstrung by rising public debt, and worried that some planned projects such as road building will lock in future carbon emissions.

TILT

Green advocates say that infrastructure projects to build wind farms and improve home efficiency suit recovery spending, because they will create jobs as well as tackle post-recession threats including energy security and climate change.As far we are thinking about refloating, re-regulating financial markets, we should be thinking about climate change because unabated it will affect economic returns as much as any dodgy banking system, said Mark Kenber, policy director at the London-based Climate Group.Applying environmental conditions to stimulus spending may also pare state aid and protectionism fears. But the fight against recession inevitably means that the climate cash left will have to lever private sector money.Governments could get more for their buck by guaranteeing private sector loans, or under-writing green bonds where pension and insurance funds invested in clean energy.Similarly, public funding of carbon cuts in developing countries may smooth agreement on a tough treaty in Copenhagen, which would in turn assure investors that global energy policy is tilting in favor of low-carbon, fossil fuel alternatives.(Making) government spending work very, very hard in terms of leveraging private capital... that fits very much with the Copenhagen agenda,HSBC analyst Nick Robins said.

U.N. Climate Change Plan Would Likely Shift Trillions to Form New World Economy Friday, March 27, 2009 By George Russell
http://www.foxnews.com/story/0,2933,510937,00.html

A United Nations document on climate change that will be distributed to a major environmental conclave next week envisions a huge reordering of the world economy, likely involving trillions of dollars in wealth transfer, millions of job losses and gains, new taxes, industrial relocations, new tariffs and subsidies, and complicated payments for greenhouse gas abatement schemes and carbon taxes — all under the supervision of the world body.Those and other results are blandly discussed in a discretely worded United Nations information note on potential consequences of the measures that industrialized countries will likely have to take to implement the Copenhagen Accord, the successor to the Kyoto Treaty, after it is negotiated and signed by December 2009. The Obama administration has said it supports the treaty process if, in the words of a U.S. State Department spokesman, it can come up with an effective framework for dealing with global warming.The 16-page note, obtained by FOX News, will be distributed to participants at a mammoth negotiating session that starts on March 29 in Bonn, Germany, the first of three sessions intended to hammer out the actual commitments involved in the new deal.In the stultifying language that is normal for important U.N. conclaves, the negotiators are known as the Ad Hoc Working Group On Further Commitments For Annex I Parties Under the Kyoto Protocol. Yet the consequences of their negotiations, if enacted, would be nothing short of world-changing.Getting that deal done has become the United Nations' highest priority, and the Bonn meeting is seen as a critical step along the path to what the U.N. calls an ambitious and effective international response to climate change, which is intended to culminate at the later gathering in Copenhagen.

Just how ambitious the U.N.'s goals are can be seen, but only dimly, in the note obtained by FOX News, which offers in sparse detail both positive and negative consequences of the tools that industrial nations will most likely use to enforce the greenhouse gas reduction targets.The paper makes no effort to calculate the magnitude of the costs and disruption involved, but despite the discreet presentation, makes clear that they will reverberate across the entire global economic system.Among the tools that are considered are the cap-and-trade system for controlling carbon emissions that has been espoused by the Obama administration; carbon taxes on imported fuels and energy-intensive goods and industries, including airline transportation; and lower subsidies for those same goods, as well as new or higher subsidies for goods that are considered environmentally sound.Other tools are referred to only vaguely, including energy policy reform, which the report indicates could affect large-scale transportation infrastructure such as roads, rail and airports.When it comes to the results of such reform, the note says only that it could have positive consequences for alternative transportation providers and producers of alternative fuels.In the same bland manner, the note informs negotiators without going into details that cap-and-trade schemes may induce some industrial relocation to less regulated host countries. Cap-and-trade functions by creating decreasing numbers of pollution-emission permits to be traded by industrial users, and thus pay more for each unit of carbon-based pollution, a market-driven system that aims to drive manufacturers toward less polluting technologies.The note adds only that industrial relocation would involve negative consequences for the implementing country, which loses employment and investment. But at the same time it would involve indeterminate consequences for the countries that would host the relocated industries.

There are also entirely new kinds of tariffs and trade protectionist barriers such as those termed in the note as border carbon adjustment— which, the note says, can impose a levy on imported goods equal to that which would have been imposed had they been produced domestically under more strict environmental regimes.Another form of adjustment would require exporters to buy [carbon] offsets at the border equal to that which the producer would have been forced to purchase had the good been produced domestically.The impact of both schemes, the note says, would be functionally equivalent to an increased tariff: decreased market share for covered foreign producers. (There is no definition in the report of who, exactly, is foreign.) The note adds that If they were implemented fairly, such schemes would leave trade and investment patterns unchanged.Nothing is said about the consequences if such fairness was not achieved.Indeed, only rarely does the information note attempt to inform readers in dollar terms of the impact of spillover effects from the potential policy changes it discusses. In a brief mention of consumer subsidies for fossil fuels, the note remarks that such subsidies in advanced economies exceed $60 billion a year, while they exceed $90 billion a year in developing economies.But calculations of the impact of tariffs, offsets, or other subsidies is rare. In a reference to the impact of declining oil exports, the report says that Saudi Arabia has determined the loss to its economy at between $100 billion and $200 billion by 2030, but said nothing about other oil exporters.One reason for the lack of detail, the note indicates, is that impact would vary widely depending on the nature and scope of the policies adopted (and, although the note does not mention it, on the severity of the greenhouse reduction targets).

But even when it does hazard a guess at specific impacts, the report seems curiously hazy. A climate change levy on aviation for example, is described as having undetermined negative impacts on exporters of goods that rely on air transport, such as cut flowers and premium perishable produce,as well as tourism services.But no mention is made in the note of the impact on the aerospace industry, an industry that had revenues in 2008 of $208 billion in the U.S. alone, or the losses the levy would impose on airlines for ordinary passenger transportation. (Global commercial airline revenues in 2008 were about $530 billion, and were already forecast to drop to an estimated $467 billion this year.)In other cases, as when discussing the increased costs of traditional exports under a new environmental regime, the report confines itself to terse description. Changes in standards and labeling for exported goods, for example,may demand costly changes to the production process.If subsidies and tariffs affect exports, the note says, the economic and social consequences of dampening their viability may, for some countries and sectors, be significant.Much depends, of course, on the extent to which harsher or more lenient greenhouse gas reduction targets demand more or less drastic policies for their achievement.And, precisely because the Bonn meeting is a stage for negotiating those targets, the note is silent. Instead it suggests that more bureaucratic work is needed to deepen the understanding of the full nature and scale of such impacts.But outside the Bonn process, other experts have been much more blunt about the draconian nature of the measures they deem necessary to make effective greenhouse gas reductions.In an influential but highly controversial paper called Key Elements of a Global Deal on Climate Change, British economist Nicholas Lord Stern, formerly a high British Treasury official, has declared that industrial economies would need to cut their per capita carbon dioxide emissions by at least 80% by 2050, while the biggest economies, like the U.S.'s, would have to make cuts of 90 percent.Stern also calls for immediate and binding reduction targets for developed nations of 20 percent to 40 percent by 2020.To meet Stern's 2050 goals, he says, among other things, most of the world's electricity production will need to have been decarbonized.Click here for Stern's paper.http://www.foxnews.com/story/0,2933,510937,00.html .By way of comparison, according to the U.S. Department Of Energy, roughly 72 percent of U.S. electrical power generation in 2007 was derived from burning fossil fuels, with just 6 percent coming from hydro-power and less than 3 percent from non-nuclear renewable and other sources. And even then, those other non-fossil sources included wood and biomass — which, when burned, are major emitters of carbon.Click here to see the Department of Energy report.George Russell is executive editor of FOX News.

IMF sets conditions for Zimbabwe aid by Godfrey Marawanyika Godfrey Marawanyika – Wed Mar 25, 12:59 pm ET

HARARE (AFP) – The IMF said Wednesday it will only provide aid to Zimbabwe once the unity government meets key conditions, dealing a blow to efforts to secure billions of dollars in aid to revive the economy.Prime Minister Morgan Tsvangirai, who took office last month in a unity government with long-time President Robert Mugabe, has made a priority of trying to restore ties with international lenders.The International Monetary Fund sent a mission to Zimbabwe just one month after Tsvangirai took office, and members of his party had hoped that a new economic revival plan would convince the IMF to resume its lending.But after its two-week mission, the IMF laid out a series of conditions for Zimbabwe to again receive financial and technical assistance, saying Harare must establish a track record of solid policies, win donor support and a resolve outstanding debts, including its arrears to the Fund.IMF staff stand ready to continue to assist the authorities through policy advice, it said in a statement.Neighbouring countries have also called on the IMF to restore Zimbabwe to its good books, as southern African leaders prepare to meet Monday to discuss how to deliver economic aid to the country.The IMF mission was the first to Zimbabwe since 2006, when Mugabe's government narrowly averted expulsion from the body over some 125 million dollars in arrears.The Fund has long criticised Mugabe's economic policies but had praise for the efforts of the new unity government.

The decision to allow Zimbabweans to conduct their daily business in foreign currency had already helped stop hyperinflation and strengthened the credibility of the government's reform programme, it said.The national statistics office said Tuesday that US dollar prices for local goods has fallen slightly since January. The now-worthless local currency has disappeared from the streets.The IMF statement noted the dramatic worsening of Zimbabwe's humanitarian crisis last year, when a cholera epidemic erupted killing more than 4,000 people and chronic food shortages deepened, leaving seven million people in need of aid -- from a population estimated as low as nine million.A steep decline in economic activity and public services contributed to a significant deterioration in the humanitarian situation in 2008, it said.Last year, Zimbabwe's economy contracted 14 percent, it added, after shrinking by 40 percent from 2000 to 2007.To ensure an improvement in the delivery of the public services and the humanitarian situation, the government would need to mobilise significant donor financial support and contain the wage bill, it said.It also praised moves to abolish price controls and lift restrictions on current account transactions.Going forward, strengthening the investment climate, ensuring protection of property rights and maintaining wages at competitive levels will be essential for increasing domestic and foreign investment, it added.Finance Minister Tendai Biti, Tsvangirai's top aide, told reporters that Zimbabwe needs eight billion dollars to rebuild shattered infrastructure -- including the collapsing sanitation system, which allows cholera to thrive.The government needs an additional 100 million dollars a month just to keep running, but is collecting only 20 million dollars a month in revenue, he said.

Biti acknowledged international criticism of the new government, but insisted that the power-sharing regime needed to succeed. We also know this government has its own problems. This experiment has to work because the consequence will be drastic, he said. This government is in its formative stage. We need help,Biti added.

Greenspan says banks should not become too big MAR 26,09

LONDON (Reuters) – Former U.S. Federal Reserve Chairman Alan Greenspan recommends graduated capital requirements for banks to cut back their size.New regulatory challenges arise because of the recently proven fact that some financial institutions have become too big to fail as their failure would raise systemic concerns, he writes in Friday's Financial Times.The solution is to have graduated regulatory capital requirements to discourage them from becoming too big and to offset their competitive advantage.Greenspan is widely blamed for allowing financial firms to outgrow government oversight and in October last year he acknowledged that he was partly wrong to resist the regulation of some securities.He said in Friday's FT that while regulators could enforce collateral requirements, they could not fully forecast if, for example, sub-prime mortgages would turn toxic.(Reporting by Ben Deighton, editing by Carol Bishopric)

Hard-hit Ontario headed for 6 years of deficits By Frank Pingue – Thu Mar 26, 5:49 pm ET

TORONTO (Reuters) – The government of Ontario said on Thursday it would run budget deficits for the next six years as it spends heavily on infrastructure and cuts some taxes to offset the impact of the global financial crisis on its export-oriented economy.Ontario, the Canadian province hardest hit by the global economic slowdown, said it will run a deficit of C$14.1 billion for the 2009-10 fiscal year, a figure that the Liberal government said it plans to reduce each year before balancing the budget by 2015-16.Ontario is in the middle of a global and financial storm not of our making, Ontario Finance Minister Dwight Duncan said during a news conference. Ontario families are feeling the impact. Our job as a government is to take immediate action to create jobs now.Duncan acknowledged several challenges facing Ontario, including a sharp downturn in demand for the vehicles produced by the province's auto industry, and the pressing global financial meltdown that has crimped exports to the United States, Canada's biggest trading partner.To help kick start the battered economy back to growth, the province has committed C$32.5 billion in infrastructure spending that it expects will create more than 300,000 jobs over the next two years to build roads, transit, hospitals and schools.During the first two months of 2009, Ontario shed 106,000 jobs. The unemployment rate rose to 8.7 percent in February from 7.2 percent in December.The budget also included a proposal to harmonize Ontario's 8 percent sales tax with the 5 percent federal goods and services tax, a move the government says will help businesses become more competitive.The new sales tax structure will increase prices for a number of consumer items. To help individuals adjust, Ontario will send residents who qualify payments totaling C$1,000 in three installments over a one-year period starting in mid-2010.Ontario said the budget includes C$4.5 billion in tax cuts for businesses over three years, which it says will make companies more competitive with their U.S. peers. There will also be C$10.6 billion in income tax cuts over the same period to help people adjust to the new sales tax structure.The province, which relies heavily on manufacturing and the export of autos and auto parts to the United States, predicted its economy would start to recover in the second half of 2009, but that it will still shrink by 2.5 percent for the year.It expects the economy will return to growth in 2010 with real gross domestic product rising to 2.3 percent and then to 3.3 percent in 2011.

PROVINCES AWASH IN RED INK

The province said it will have a deficit of C$12.2 billion in 2010-11, a figure it expects to steadily decline to C$3.1 billion in 2014-15 before returning to balance in the following fiscal year.The infrastructure spending in the short term will help but the true stimulus is going to be when the U.S. picks up, said Derek Burleton, economist at Toronto-Dominion Bank.For the first time Ontario, once the country's richest province, will receive a handout in 2009-10 from a federal program designed to help poorer provinces.For the 2008-09 fiscal year that ends March 31, the Liberal government projects a C$3.9 billion deficit. Final figures for the year will be released this summer.The Ontario deficit is expected to be the biggest among Canada's provinces, many of which have already issued a budget deficit warning or rolled out a red ink budget.The much smaller province of Newfoundland and Labrador forecast a 2009-10 deficit of C$750 million in its budget on Thursday. Ontario said its net debt, the difference between its total liabilities and financial assets, would rise to C$169.8 billion in 2009-10 and to C$189.5 billion in 2010-11 from C$149.4 billion in 2008-09. The province also said its debt financing program will total C$34.8 billion in 2009-10and C$34.3 billion in 2010-11.Ontario government debt underperformed following the release of the budget. The yield on the province's 10-year benchmark bond widened to 131.9 basis points above the Canadian government yield curve from 131.1 basis points before the budget was released.(Editing by Peter Galloway)

ECB ready to help European businesses
ANDREW WILLIS Today MAR 26,09 @ 15:57 CET

EUOBSERVER / BRUSSELS - The European Central Bank gave its strongest indication to date on Thursday (26 March) that it is ready to step in and help European businesses that are struggling from a shortage of credit and are unable to get bank loans to finance their activities. ECB Vice-president Lucas Papademos said the bank was actively considering a programme to start buying European corporate debt in a bid to get the market flowing again. It may be warranted that the central bank purchases private sector bonds in the secondary market in order to enhance its liquidity, said Mr Papademos.Such a move, known as quantitative easing, would help SMEs and larger European companies who are currently finding it difficult to fund further investment.

It has to be kept in mind that this is a possibility, he said, adding no decisions have been made taken over the need or the extent of such a possible intervention.The US Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank have all adopted varying policies of quantitative easing in recent months to fight the current financial crisis. However the policy of buying corporate bonds is more problematic in the EU as member states are likely to compete over which companies should receive the funds. Mr Papademos also indicated that the ECB was considering lengthening its lending period to other banks. This will reduce the uncertainty they face with regard to the funding and help with extending more credit over longer periods to the private sector,he said. Mr Papademos stressed that because of the especially important role of the banking system in Europe, current ECB measures and other measures that we may take in the future concentrate on helping banks provide liquidity. He pointed out that since the crisis had started the ECB has pumped huge amounts of liquidity into the financial sector in the form of loans in an attempt to unblock lending.As a result that the ECB's balance sheet has increased by 70 per cent.Mr Papademos was speaking at the European Business Summit in Brussels and was joined on the panel by the EU's industry commissioner Guenter Verheugen.Mr Verheugen said that despite the extensive action taken by the ECB in recent months, the list of companies coming to him with complaints of credit shortages was growing.

Trade chiefs call on G20 leaders to reach Doha deal
ANDREW WILLIS Today MAR 26,09 @ 17:25 CET

EUOBSERVER / BRUSSELS - Two trade chiefs stepped up the pressure on world leaders on Thursday (26 March) to reach an agreement in the Doha round of trade negotiations after discussions broke down last year over farm subsidies and access to developing markets. I would ask them to complete the Doha round,said EU trade commissioner Catherine Ashton when asked by attendees at the European Business Summit, currently taking place in Brussels, what she hoped the G20 leaders of industrialised and developing nations would agree at their meeting on 2 April in London. She added that 85 percent of the deal was already negotiated and businesses around the world should remind their governments that the deal would be good for them. Pascal Lamy, who heads the World Trade Organisation, said G20 leaders from the more developed countries should consider the problems currently faced by emerging nations. Please think about developing countries,he said, adding that they were suffering from a crisis they did not cause. The conclusion of the Doha deal is the only bit of blue sky for developing countries in this world. We must make sure they can trade their way out of the crisis.

A report this week by the World Trade Organisation predicted that world trade levels would fall by nine percent in 2009 and that developing countries would suffer particularly badly.Critics of the WTO however argue that far from benefiting developing countries, the body is biased toward rich countries and multinational corporations and harms rather than aids development in the global south.

Protectionism

Rising protectionism was also a recurring theme on day one of the European Business Summit being held in Brussels.The good news is that the WTO restrictions work so I don't think there is a risk of high intensity protectionism, said Mr Lamy, but he added that there was plenty of room within current WTO rules to implement certain protectionist measures. This view that new protectionist measures were not running rampant across the globe was shared by the Anders Dahlvig, CEO of the Swedish furniture giant IKEA.At least up until now, I can't say we've seen anything that has effected us, either in a positive or negative way, adding that his company was still suffering from 30 per cent import tariffs in Russia.However, Jagdish Bhagwati of the University of Colombia said that protectionism had reached xenophobic levels where foreign workers are fired first and hired last. He added that French President Nicholas Sarkozy had taken this to its extreme by asking French companies to return to France.

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.

Barroso hopeful of progress on EU-Turkey talks
ELITSA VUCHEVA Today MAR 26,09 @ 17:35 CET

EUOBSERVER / BRUSSELS – Turkey's accession talks with the EU may move a small step forward before the Czech EU presidency ends in June, European Commission President Jose Manuel Barroso said on Thursday (26 March).We are hoping to open at least two chapters ... during the Czech presidency, Mr Barroso told journalists after meeting Turkish President Abdullah Gul in Brussels.Mr Gul's visit was the first ever visit of a Turkish president to the EU commission and it was a very comprehensive meeting in a family atmosphere,both leaders said at a joint press conference.The project of negotiations is moving along with the [final] objective of full membership, Mr Gul said.Turkey has been an official EU candidate since 1999 and opened accession negotiations with the bloc in 2005.But only ten chapters of its 35-chapter accession package have been opened so far, with just one successfully closed.Mr Barroso called on member states to hurry up with opening the energy chapter of the negotiations with Turkey, which is currently being blocked by Cyprus.Relations between the two countries are tense, as Turkey does not recognise the Greek Cypriot government in the southern part of the divided island and is also the only country to recognise its northern Turkish Cypriot region.The commission's position is clear – we should go ahead with this, we should open the chapter on energy. There are still some difficulties in the Council [representing the EU member states], we hope that this question can be solved [during the Czech EU presidency],he said.Earlier this month, Czech deputy prime minister Alexandr Vondra said opening this chapter would be a priority for his country's time at the helm of the EU.

The chapter is seen as particularly important as Turkish Prime Minister Recep Tayyip Erdogan had earlier made the bloc nervous by indicating Ankara may reconsider its support for the EU-backed Nabucco pipeline if it is not unblocked shortly.The Nabucco plan proposes a 3,400 km pipeline from Turkey's eastern border to Austria that would transport up to 31 billion cubic metres of gas per year from Azerbaijan, Turkmenistan and Iran.It is seen by the EU as a key tool to diversify gas supplies, especially in the aftermath of the Russia-Ukraine gas crisis earlier this year which saw gas deliveries to several member states interrupted.Turkey has since softened its position and promised Brussels it would not hinder Nabucco, as it is a commercial, not a political project.The two other chapters Prague is hoping to open before 30 June cover social policy, employment and taxation.

WW3 THE 3 WAVES THAT MARCH TO ISRAEL

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

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

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

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

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

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

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

Clinton: NKorea plan to fire missile provocative
Mar 26, 12:19 AM (ET)By MATTHEW LEE and PAMELA HESS

MEXICO CITY (AP) - Secretary of State Hillary Rodham Clinton on Wednesday warned North Korea that firing a missile for any purpose would be a provocative act that would have consequences.North Korea is loading a rocket on a launch pad in anticipation of the launch of a communications satellite between April 4 and 8, U.S. counterproliferation and intelligence officials said. North Korea announced its intention to launch the satellite in February, but regional powers worry the claim is a cover for the launch of a long-range missile capable of reaching Alaska.Clinton told reporters during a visit to Mexico City that the U.S. believes the North Korean plan to fire a missile for any purpose would violate a U.N. Security Council resolution barring the country from ballistic activity. She linked a missile launch to the future of talks between the U.S., North Korea and four other nations aimed at ending North Korea's nuclear weapons program.We have made it very clear that the North Koreans pursue this pathway at a cost and with consequences to the six-party talks, which we would like to see revived, Clinton said.We intend to raise this violation of the Security Council resolution, if it goes forward, in the U.N., she said. This provocative action in violation of the U.N. mandate will not go unnoticed and there will be consequences.National Intelligence Director Dennis Blair said earlier this month that all indications suggest North Korea will in fact launch a satellite. However, North Korea faked a satellite launch in 1998 to cloak a missile development test.In 2006, North Korea launched a Taepodong-2 that blew up less than a minute into flight.Both the satellite launch rocket and long-range missile use similar technology, and arms control experts fear even a satellite launch would be a test toward eventually launching a long-range missile.South Korea, the U.S. and Japan have urged North Korea to refrain from launching a satellite or missile, calling it a violation of the Security Council resolution. North Korea insists it has the right to develop its space program and on Tuesday warned the U.S., Japan and its allies not to interfere with the launch.In Seoul, the Defense Ministry and the National Intelligence Service said Thursday that they cannot confirm whether the North has loaded the rocket on the launch pad.South Korea's chief nuclear envoy, Wi Sung-lac, said Wednesday after returning from talks with his Beijing counterparts that a launch would trigger a response.

If North Korea launches rocket, certain countermeasures are unavoidable,he said. He refused to elaborate, saying the measures, including any sanctions, would be discussed among U.N. Security Council member nations.It probably won't be clear if the latest launch is a satellite or a missile test until footage can be analyzed after the event; the trajectory of a missile is markedly different from that of a satellite.Analysts have been watching for signs of a satellite or missile on the launch pad in Musudan-ni, the northeast coastal launch site. Satellite imagery from March 16 showed progress toward mounting a rocket, with a crane hovering over the launch pad, said Christian LeMiere, an editor at Jane's Intelligence Review in London.

LeMiere said that once the rocket is mounted, scientists would need at least a week to fuel and carry out tests before any launch. Images from earlier this month did not indicate the rocket or missile had been mounted, he said.Associated Press writer Pamela Hess reported from Washington. Jean H. Lee in Seoul also contributed to this report.

Japan says ready to shoot down NKorea missile by Kyoko Hasegawa – MAR 26,09

TOKYO (AFP) – Japan gave its military the green light on Friday to shoot down any incoming North Korean rocket, with tensions high ahead of a planned launch that the US and allies say will be an illegal missile test.Japanese and US warships have already deployed ahead of the April 4-8 window, when the secretive North has said it will launch a communications satellite.Pyongyang has said any move to shoot it down would be an act of war.But South Korea, Japan and the United States have all warned the North that any launch would be unacceptable, amid fears the regime is actually intending to test a long-range missile that could reach North America.The security council in Japan, where pacificism has been official policy since the end of World War II, decided ahead of time to shoot down any incoming missile that could hit its territory rather than wait until a launch.The security council this morning decided to issue a destruction order in advance, said Defence Minister Yasukazu Hamada.

We will do our best to handle any flying object from North Korea.

The North said Thursday that even referring a launch to the United Nations would ruin the long-running and erratic six-nation nuclear disarmament talks, during which North Korea has already tested one missile and an atomic bomb.US National Intelligence Director Dennis Blair said the North wanted to show it had the technology to launch an intercontinental ballistic missile.The North is believed to be preparing to test a Taepodong-2 that could hit Alaska.North Korea is attempting to demonstrate an ICBM capability through a space launch, Blair said.That's what they are up to.Pyongyang has reportedly already put a rocket onto one of its launch pads, raising the stakes in a delicate diplomatic stand-off that has come just two months into the new US administration of President Barack Obama.Enigmatic North Korean leader Kim Jong-Il was reported to have suffered a stroke in August, and some analysts speculate he is trying to demonstrate he remains firmly in control of the country.Though a recent photo showed him looking thin, the North's official media have reported more than three times as many public appearances by Kim so far this year than over the same period in the previous year.The six-nation talks -- grouping North and South Korea, the United States, China, Russia and Japan -- have offered the North aid and security guarantees in exchange for dismantling its nuclear programme.North Korea said Thursday that bringing any launch to the United Nations would be a "hostile action" that would end the negotiations.

The United States, which says the launch would violate a UN Security Council resolution, has vowed to do so.The six-party talks will become non-existent, a spokesman for the North's foreign ministry told official media. Senior US, Japanese and South Korean negotiators were to meet in Washington later Friday to discuss the situation. Japan's order for a shoot-down is the first since the nation revised its defence law in 2005. Asked whether Japan was capable of such an intercept, Defence Minister Hamada said:We have obviously prepared to be able to do it. I have no doubt we can do it.

Israel challenges Palestinian claim on Gaza dead By STEVE WEIZMAN, Associated Press Writer - Thu Mar 26, 6:02 pm ET

JERUSALEM – The Israeli military on Thursday disputed Palestinian claims that most of the people killed in the recent Gaza Strip war were civilians, claiming the vast majority of the dead were Hamas militants.Israel says the three-week offensive was aimed solely at Hamas militants, while Palestinians say hundreds of people were killed by an overwhelming show of force that showed little regard for civilians.Maj. Avital Leibovich, an army spokeswoman, said Thursday that the military had completed an investigation and determined that a total of 1,166 Palestinians were killed in the operation. It found that 709 were Hamas militants, while 295 were civilians, including 89 minors and 49 women. It was unclear whether another 162 men who died were militants or civilians.The figures clashed with numbers released last week by the Palestinian Center for Human Rights, which said 1,417 people were killed, including more than 900 civilians. Its toll included the names and ages of all of the dead.The Israeli military said it also had a list of names, but the army did not provide it to reporters.The Palestinian center Thursday called the Israeli report a deliberately manipulative attempt to distort the reality of the offensive and to disguise Israel's illegal actions. It said, for instance, that Israel wrongly classified 255 noncombatant police officers killed at the outset of the war as militants.The heavy civilian death toll caused an international outcry and fueled calls from human rights groups for a war crimes investigation against Israel.An Israeli military school's publication last week of soldiers' accounts of wanton destruction and slack rules of engagement that may have caused unnecessary civilian deaths, has added to the uproar.The military's report was unlikely to resolve the debate over the death toll, although Leibovich said the army's information was checked, crisscrossed and double-checked with the different intelligence bodies in Israel.When asked to explain the discrepancy, she said you have to ask your Palestinian sources and acknowledged it was not a precise science.We are receiving different information from different sources, the majority of which is not based on hard evidence, she said. I can tell you for a fact that our information is checked according to different intelligence organizations and Palestinian authorities and these are the right figures.Israel waged the war in Gaza in an attempt to weaken Hamas, which it considers a terrorist group, and halt persistent rocket fire from Gaza on Israeli border towns.

Israel blames Hamas for the heavy civilian casualties, saying the group launches attacks from schools and residential areas and uses civilians as human shields to deter Israeli attacks.President Barack Obama's administration has promised to become vigorously engaged in the search to end the Israeli-Arab conflict and has pledged $900million to help rebuild homes and infrastructure destroyed in the Israeli offensive in the Gaza Strip.Incoming Israeli Prime Minister Benjamin Netanyahu, who harshly criticized his predecessor's' peace efforts and said the Palestinians were not ready for independence said Thursday he does not expect to face pressure from Obama due to the deep and strong ties between Israel and the United States.Netanyahu is expected to present his center-right coalition to parliament next week .After signing a coalition pact with the centrist Labor Party Wednesday Netanyahu appeared to soften his previous stance, pledging that his government would be a partner for peace with the Palestinians,At a White House press conference the day before, Obama described the current deadlock between Israel and the Palestinians as unsustainable.

It is critical for us to advance a two-state solution, he added.

Asked by a reporter Thursday about Palestinian statehood, Netanyahu fielded the question by referring to the coalition agreement with Labor under which the new government would resume peace talks and commit itself to existing peace accords. It was not clear if that included the U.S.-backed road map peace plan for an independent Palestinian state alongside Israel. Both sides recommitted to the road map at a 2007 peace conference hosted by the United States. (This version CORRECTS Corrects name of rights group in graf 4 to Palestinian center sted Palestine.)

WAR ON DRUGS IN MEXICO

SINS OF PEOPLE

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

DECIEVERS WAXING WORSE AND WORSE.

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

DRUG PUSHERS AND ADDICTS

REVELATION 18:23
23 And the light of a candle shall shine no more at all in thee; and the voice of the bridegroom and of the bride shall be heard no more at all in thee: for thy merchants were the great men of the earth; for by thy sorceries (DRUGS) were all nations deceived.

REVELATION 9:21
21 Neither repented they of their murders, nor of their sorceries (DRUGS), nor of their fornication, nor of their thefts.

DEUTERONOMY 27:25
25 Cursed be he that taketh reward to slay an innocent person. And all the people shall say, Amen.

DEUTERONOMY 28:41-43
41 Thou shalt beget sons and daughters, but thou shalt not enjoy them; for they shall go into captivity.
42 All thy trees and fruit of thy land shall the locust consume.
43 The stranger (IMMIGRANT) that is within thee shall get up above thee very high; and thou shalt come down very low.

WOW THIS DRUG CARTEL MURDERING IN MEXICO IS JUST TO VIOLENT.WAREZ MEXICO HAS 9,500 TROOPS IN ITS TOWN TRYING TO STOP THE DRUG CARTEL BOSSES SINCE THE LOCAL POLICE COULD NOT STOP THEM. THERES BEEN AN AVERAGE OF 10 MURDERS A DAY IN WAREZ FOR THE LAST 2 WEEKS UNTIL THESE TROOPS CAME IN 2 or 3 DAYS AGO NOW NO MURDERS FOR NOW.

OBAMA CLAIMS ITS A JOINT TASK TO STOP THE DRUG DEALERS.95% OF THE GUNS USED IN MEXICO COME FROM THE US SAYS ANDERSON COOPER OF CNN. THE BORDER MUST BE MILITARIZED SAYS A MEXICAN.

How the Cartels sneak dope in to the USA across the border?

The drug dealers ship 3 trackertrailers full of 40 tons of dope. The cartel does the setup this way. They send 3 or 4 cars (decoys) ahead with 6Killos of dope in them,when one of them get stopped by Police officers and Sheriffs and sniffer dogs to check then this gives the 3 tracktertrailers time to get the 40 tons through as there is only 1 officer left flagging the vehicles across the border. And of course there is currupt Border officers on both sides that get paid off to let the trucks across the border also.

Theres hundreds of places were drugs are smuggled across America bringing in BILLIONS of tons of Cocaine,Meth,Marijuana,Heroin from Alaska to Georgia. Heres how the Drugs are smuggled in. It starts in Columbia with a TON of cocaine shipped in Coffee tins in a semi truck.Then a professional courier starts driving north through Central America to the USA border. When the drug shipment gets to the border the driver waits to get in by these tactics. They wait for heavy traffic across the border,or on hollidays or they try to go when the weather is bad anything to try to distract law inforcement. When the time is right a signaler will give the driver a tip and the truck blends in with the traffic and croses the border.

At least 4 drug cartels are in NEWMEXICO,TEXAS,ARIZONA,CALIFORNIA. Once the truck gets over the American border they get outta town quick. They then turn into delivery vans going to Los Vegas,Los Angeles,Portland or San Fransico. In each area a local cartel dealer gets the money and orders from the local drug dealers,gets the dope from the truck driver and it gets mixed with talcom powder to make the one TON of cocaine to 5 TONS when mixed. Within 48 hours the cartels whole load is distributed to the local dealers around America to sell to the addicts and so on. This is a very vicious way of making money,addicting our children and killing them.....all for greed of money......sick is all i have to say. No wonder the world is judged for being decieved by drugs and the violence that comes from the cartels and the dealers ETC.

Hillary Clinton admits US blame for Mexico drug violence ,America's insatiable demand for illegal drugs is to blame for much of the violence engulfing Mexico, Hillary Clinton has said.By Tom Leonard in New York 12:28AM GMT 26 Mar 2009

The US secretary of state also acknowledged America's inability to stop weapons being smuggled across the border from the US and being used by the drug cartels in a bloody turf war.Mrs Clinton made her candid remarks as she flew to Mexico City for a two-day visit where she will discuss US plans to ramp up border security with President Felipe Calderon.Our insatiable demand for illegal drugs fuels the drug trade. Our inability to prevent weapons from being illegally smuggled across the border to arm these criminals causes the death of police officers, soldiers and civilians,she said during her flight to Mexico City.I feel very strongly we have a co-responsibility.

She said US efforts to ban drugs such as cocaine and heroine had clearly not worked and it was unfair to blame Mexico for its drug cartel problem. Although Barack Obama has pledged to devote an additional 360 federal agents to border security, the US Congress this month trimmed the amount of drug aid money it will set aside this fiscal year to $300 million from $400 million last year. Mrs Clinton later pledged $80m for helicopters to help the fight against drugs. By contrast, President Felipe Calderon has spent more than $6.4 billion, assigning 45,000 troops and federal police, on fighting the cartels he tookd office in December 2006. Mexico has repeatedly said it cannot contain the increasingly brutal cartels, now armed with grenades and rocket launchers, if America does not do more to stop the drugs gangs buying guns in the US, where they are much easier to obtain. It's not only guns. It's night vision goggles. It's body armour,said Mrs Clinton. These criminals are outgunning the law enforcement officials. More than 8,000 people have been killed in drug-related fighting since January 2008.

Sunday, March 15, 2009 Beheadings for terror effect in Mexico
Houston Chronicle:

And now the violence has come to this small town on the high arid mesa outside Guadalajara, where five heads were tucked neatly into cheap coolers and adorned with menacing messages. I’m going to finish all of them off just like these, read one of the notes, I’m coming for you, Goyo.Everyone in the town of 8,000 surrounded by cattle pastures and maguey cactus plantations knew who Goyo was: a man long suspected of involvement in the drug trade. When something like this comes to a town, its impact is impressive, Francisco Sanchez, the town’s 32-year-old mayor, said of the heads.They are sending a message: We are here.Many townspeople assume they are the Zetas, the assassins for the Gulf Cartel drug syndicate based in cities bordering far south Texas. And the fact they are here might be very bad news indeed for Ixtlahuacan (pronounced Eekst-lah-wah-KAHN).Probably few acts of violence strike as much primordial fear in human beings as decapitation. That’s why conquering armies in centuries past once catapulted enemy heads into besieged castles, why kings put their rivals’ heads on spikes at the city walls .But beheadings are becoming distressingly routine amid Mexico’s gangland turmoil. More than 200 victims have been decapitated in the past few years, according to the count by the National Human Rights Commission, a government agency. Four more beheaded victims were discovered in a Juarez grave on Saturday.You hear about these things on the news, in distant places, but now it has come for us, said Maria Magdalena Perez, manning the counter of a roadside store outside town. Imagine how we feel. The terror has come.

Goyo,whom the town’s police and residents identified as Gregorio Gonzalez, was well known in Ixtlahuacan and never caused trouble in town. But Gonzalez and his family haven’t been seen since the heads were discovered in the early morning darkness Tuesday. The men’s bodies have not turned up.Two days later, soldiers seized a large clandestine methamphetamine lab in a walled compound about a 20-minute drive from town. The authorities did not say who owned the lab.If anybody in town was surprised by the violence and the drug lab, perhaps they shouldn’t have been.Guadalajara, whose lights are visible from the edge of Ixtlahuacan on clear nights, was Mexico’s gangland capital a generation ago .Zetas also have been marauding in Zacatecas state, whose border is a 15-minute drive north of Ixtlahuacan. Should the Zetas descend upon Ixtlahuacan, there’s little to stop them. A half-dozen state police and a squad of Mexican soldiers patrolled Ixtlahuacan last week. But the state and federal forces aren’t permanently based here. The town’s first line of defense rests with its 32 policemen.You can feel the fear, said Sanchez, the mayor. The town has been transformed.To defeat a criminal insurgency like that in Mexico requires a high force to space ration and persistence. That squad of soldiers may need to be platoon strength and it needs to be in the city patrolling with the local police daily. That is the way you get intelligence on the enemy activities and find out where they are hiding.The Houston Chronicle has probably done a better job than any other paper in covering what has become a significant criminal insurgency in Mexico. It is one example of why we need newspapers to survive. Posted by Merv at 9:59 AM

Mexico drugs war: cartels recruit child assassins ,Special Report: In Ciudad Juarez, North America's most dangerous city, the warring drug cartels have found a new weapon even more effective than rocket launchers or grenades. By Tom Leonard in Ciudad Juarez, Mexico 8:19PM GMT 24 Mar 2009

Army soldiers arrive to patrol Ciudad Juarez, Mexico Photo: AP The new addition to the world's most bloodthirsty gangs are sicaritos, or child assassins. As guerrilla forces have discovered in Africa, 13 and 14-year-old children on the margins of society make fearless killers. In Juarez, now Mexico's drug addict capital, they are almost certain to be high on crack cocaine. The city of 1.8 million people, separated by just a bridge over the Rio Grande from El Paso in Texas, sits on a major drug route and has been the epicentre of the brutal drug violence gripping Mexico and increasingly creeping over the border into the United States. In a city now empty of the Americans who used to flock here for the lively bars and flea markets, taxi drivers can instead offer visitors a macabre tour of the many murder spots as well as streets where drug deals can be seen being conducted within yards of the local police.In one street alone, home to a strip of non-descript, cartel-owned bars, 16 people have been killed in the past two months. Usually, the gunmen - teenagers among them - will saunter in and spray indiscriminately with AK-47 assault rifles, hitting both their targets and innocent bystanders. Few suspects are ever arrested as the local police are often working for the same cartels. A few streets away is a bar where a local cartel chief nicknamed Jesus the Devil was recently killed just three days after getting out of jail, shot seven times in the head.They killed him real bad,said the driver.

Those captured by the cartels are even less fortunate. Many are tortured and beheaded. Police officers, almost all suspected of working for the drug barons, have frequently been among the dead. The local morgue is currently doubling in size to cope with demand. But at last Juarez's battered citizens have been offered some respite. Army convoys now rumble through the narrow streets day and night, machine gun-armed troops and special forces soldiers crowded into pick-up trucks as they stop cars and raid houses. Government officials were able to announce this week that a surge involving 10,000 soldiers and federal police has cut by 70 per cent a murder rate previously averaging five a day. Belated efforts to tackle the cartels, long ignored by a US distracted by Islamic extremism, are also being stepped up north of the border. Playing down recent claims that Mexico is as much at risk as Pakistan of becoming a failed state, the US government has promised to send more troops and equipment to fight the cartels along the border. Washington may be reassured by the situation in Juarez where some semblance of normal life has returned to a city previously ruled by the warring drug factions of the Juarez cartel and Joaquin Guzman, recently added to the Forbes magazine's list of billionaires. But law enforcement sources fear it may be too late to tighten up the border as the cartels are already firmly established in an estimated 230 US cities. In Phoenix, Arizona, alone there have been 700 cartel-related crimes in the past two years, including kidnappings and shootings by gangs prepared to shove a gun into a baby's mouth to get their way. Although the cartels have warned that they will treat American law enforcement no differently than Mexican police, experts are split over whether the cartels are willing to use the same level of violence in the US. Many cartel members are already thought to live quietly just over the border, one reason that may explain why, despite the carnage across the river, El Paso is one of the safest cities in America. The drug violence exploded after a crackdown on the cartels ordered more than two years ago by the Mexican president, Felipe Calderon. According to Diana Washington Valdez, an El Paso investigative reporter who has covered the cartels extensively, Mr Calderon is isolated, allegedly surrounded by officials who are paid as much as $500,000 (£340,000) a month to supply the cartels with information. The big guys haven't been arrested. The authorites know where they are but they're always tipped off and protected,she said. If the Mexicans are serious, they have to go after these politicians who are on the take.The Juarez troop surge was financially unsustainable, she said. What's missing is a decisive plan of action. The cartels will lie low for a while and then get back to business. I'm afraid the violence will go on until everyone who is meant to die, dies.

EU-IMF AGREE 20 BILLION LOAN

Netanyahu pledges to pursue peace with Palestinians By Jeffrey Heller – Wed Mar 25, 5:51 pm ET

JERUSALEM (Reuters) – Israeli Prime Minister-designate Benjamin Netanyahu said on Wednesday his government would negotiate peace with the Palestinians, but made no mention of their U.S.-backed quest for statehood.In a speech a day after enlisting the center-left Labor Party into a broad-based administration that could help him avoid friction with Washington over peacemaking, Netanyahu focused on his plans to shore up the Palestinian economy.If we have a strong Palestinian economy, that's a strong foundation for peace, Netanyahu said in a speech to a business forum, pledging to remove some bureaucratic handicaps stunting growth.He told legislators from his right-wing Likud party, in separate remarks, that he planned to present his new government for parliamentary approval next week, a Netanyahu spokeswoman said.The vote, she said, would likely be held on Monday or Tuesday. Under a mandate from Israel's president, Netanyahu has until April 3 to form a government.On Wednesday evening Likud signed a coalition deal with the small, religious Jewish Home party, bringing the size of Netanyahu's coalition up to 69 out of the 120 members of parliament.That margin could decline, however, if any of 13 center-left Labor party lawmakers who opposed the partnership with Likud withhold their support of the government. The partnership was signed on Tuesday.There appeared to be little chance the ruling centrist Kadima party would agree at the last minute to join up. Kadima won 28 seats to Likud's 27 in the February 10 election that resulted in a strong rightist bloc in parliament.The Palestinian Authority and the United States have long urged Israel to ease restrictions on the movement of Palestinian people and goods in the occupied West Bank, where the Israeli military maintains a network of checkpoints.

I think that the Palestinians should understand that they have in our government a partner for peace, for security and for rapid economic development of the Palestinian economy,he said.This means that I will negotiate with the Palestinian Authority for peace, Netanyahu added, describing an economic track as a complement to political talks in an apparent bid to ease any international concerns he might not seek a peace deal.Asked about Netanyahu's comments, Nabil Abu Rdainah, a spokesman for Palestinian President Mahmoud Abbas, said the incoming Israeli government must be committed in an explicit manner, without ambiguity, to the two-state solution.

TWO-STATE SOLUTION

Netanyahu has shied away from declaring support for the establishment of a Palestinian state in the West Bank and Gaza Strip, alongside Israel, an objective U.S. President Barack Obama reaffirmed on Tuesday at a news conference in Washington.

But under the coalition deal with Labor, led by Defense Minister Ehud Barak, Likud agreed to respect all of Israel's international agreements -- a formula that includes accords envisaging Palestinian statehood.Indirect acceptance of that goal and formation of a broad government that includes Labor, the moving force behind interim peace deals with the Palestinians in the 1990s, might keep Netanyahu off a possible collision course with Obama.Netanyahu is widely expected to finalize his government in the next few days and ask parliament to ratify it next week.On Monday, Netanyahu sealed an agreement with the Orthodox Jewish Shas party, a perennial member of coalitions of right and left down the years. He had already signed up the Yisrael Beitenu party led by ultranationalist Avigdor Lieberman. But while enlisting those partners, Netanyahu made clear he preferred a broad-based coalition. A sharp turn to the right within Israel's government could raise international concern already heightened by Netanyahu's promise to appoint Lieberman as foreign minister.

Israel's New Government Won't Make Obama's Middle East Task Easier
By TONY KARON Tony Karon – Wed Mar 25, 7:20 pm ET

Unsustainable.That was President Barack Obama's blunt assessment on Tuesday night of the current state of affairs between Israel and the Palestinians. Acknowledging the obstacles in his path given the political changes on both sides, the President pledged to follow a philosophy of persistence in pursuit of a two-state solution, citing Northern Ireland's once unthinkable rapprochement as his inspiration. It may, however, take more than persistent cajoling to bridge a gulf that is widening rather than narrowing.Israel's leaders on Tuesday night concluded a political deal that will put the hawkish Likud leader Benjamin Netanyahu in power, with the centrist Labor Party of Ehud Barak and the far-right Yisrael Beitenu Party of Avigdor Lieberman as his main partners. Barak narrowly won his party's endorsement to join a government whose leader is not committed to a two-state solution, and whose Foreign Minister–designate, Lieberman, expresses harshly anti-Arab views. The Labor leader insisted that the presence of his party would put a brake on the more belligerent instincts of some of the government's coalition partners. But even if that proves to be true, there is still a recipe for paralysis on the question of peace with the Palestinians. Barak may be able to talk Netanyahu out of certain actions in respect to expanding the settlements that are most likely to antagonize Washington, but Netanyahu is unlikely to be persuaded to move in any meaningful way to end Israel's occupation of the West Bank. So, Netanyahu's comment that a unity government will bring stability to Israel may mean that it will simply stabilize the deadlock. (See pictures of Israel's Gaza offensive.)

While anxious observers in Washington and elsewhere have decried Netanyahu's victory as a setback for the prospect of a two-state solution, it's worth remembering that progress on that front had been scant even under the outgoing centrist Prime Minister Ehud Olmert and his Foreign Minister, Tzipi Livni, who is now the leader of the Kadima opposition. And the Bush Administration, rather than press for the implementation of a peace deal, had confined itself to staging talks between Olmert's government and Palestinian Authority (PA) President Mahmoud Abbas in search of what was termed a shelf agreement - a detailed draft of a two-state peace plan that could serve as a kind of eyes-on-the-prize political horizon to be implemented at a more favorable moment. But even that proved elusive, as Olmert's government, certainly more centrist than the incoming one, could not agree with the moderate Abbas leadership on where to draw the borders between Israel and a Palestinian state, the fate of Jerusalem and that of Palestinian refugees, and other key questions. It's not only on the Israeli side that positions have hardened since then. Abbas' popularity has declined steadily to the point where few believe he could win a Palestinian election that must be held sometime within next year. Abbas is involved in talks to create a unity government with Hamas, which remains the ruling party in his legislature (it is unable to meet because of the number of lawmakers in Israeli detention). Abbas' influence is declining even within his own Fatah movement, many of whose members believe he achieved nothing for the Palestinians in his decade of patient negotiations under Washington's tutelage. His aides say he won't negotiate with Netanyahu unless the Likud leader embraces a two-state solution.

While Netanyahu will put on his friendliest face for Washington's benefit - I will negotiate with the PA for peace, he told an Israeli business conference on Wednesday -his idea of peace has largely focused on building up the Palestinian economy and institutions of self-government in the various enclaves of the West Bank that are controlled by the Palestinian Authority. Netanyahu has stressed his belief that Israel's security needs are incompatible with sovereign independence for the Palestinians in the West Bank and Gaza. And he has made clear that he will not deal with a government that includes Hamas, and expects Washington to do the same. Indeed, his goal remains toppling the Hamas government in Gaza. But Abbas is seeking a unity agreement with that same group, which is likely to eclipse the Palestinian President at the polls the next time Palestinians are allowed to vote - that is, if Abbas remains Fatah's candidate. He could even lose a primary challenge to a more Hamas-friendly leader like the imprisoned Marwan Barghouti. Prospects for advancing by consensus to a two-state solution on the basis of the current political alignments are hard to see. Indeed, Netanyahu, in dealing with Washington, will emphasize reversing Iran's nuclear development, rather than making peace with the Palestinians, as his top concern. And in that position he has the unanimous backing of most of Israel's political spectrum.The problem is that the Palestinians are likely to make sure they're higher on Israel's - and Washington's - agenda. As things stand, there is no cease-fire agreement in Gaza, where Palestinians are chafing under an ongoing economic siege that prevents reconstruction. Meanwhile, Israel and Hamas have failed to agree on a prisoner exchange to secure the release of captured Israeli Corporal Gilad Shalit. There are growing signs that the population of the Fatah-controlled West Bank may be beginning to stir in renewed rebellion against Israel's security wall, checkpoints and expanding settlements. And Israel's moves to consolidate its grip on East Jerusalem, its planned settlement activity in the West Bank and this week's unrest in the Israeli-Arab town of Umm al-Fahm all suggest the region remains a tinder box. By this summer, the challenge facing Washington may be less about a long-term peace than on putting out the fires of an immediate upsurge in violence on any or all of those fronts. The status quo is, indeed, unsustainable, but you wouldn't want to bet against it getting worse.

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.

Ice-jammed floodwaters, blizzard swamp N. Dakota
by Lee Morris Lee Morris – MAR 25,09

FARGO, North Dakota9 (AFP) – A heavy blizzard dumped wet snow on volunteers as they rushed to build dikes against rising flood waters in North Dakota, as officials used explosives to try break up ice jams on swelling rivers.President Barack Obama issued a federal disaster declaration for 34 counties and two Indian reservations as the entire state remained under a major flood warning.The storm's blustering winds knocked out power to towns across the largely rural prairie state and made many roads impassable as it dumped snow and freezing rain, officials said.Several bridges and roads were already closed due to flooding as an unusually heavy snowpack began to melt on top of saturated land that has not yet fully thawed.The state has turned into a fishing pond and can't absorb any more snow or rain, said Patrick Slattery of the National Weather Service.More snow was forecast to fall on the Red River valley in the coming days and rain could worsen flood conditions by the weekend, the weather service predicted.Low-lying homes across the state were evacuated as rivers and creeks spilled over their banks, although damage was largely restricted to water in basements. No injuries were reported in a situation report issued at 7:30 pm (0130 GMT Thursday).About 20 people from homes south of Fargo were evacuated with airboats that sluiced through ice-covered floodwaters after sandbag dikes began to leak.

Frankly I do expect more (evacuations) over the next 24 hours, said Dave Rogness, the Cass County emergency manager.A farmer stranded on his tractor and several families whose rural homes were surrounded by floodwaters were also rescued across the state. Officials also evacuated 146 inmates from a jail in the state capital of Bismark, where the Missouri river was rising quickly as a result of a massive ice jam that stretched all the way to the border with South Dakota.The governor called in military specialists to try break up the ice jam with explosives after fragments of ice as big as four feet (1.2 meters) thick and other debris got stuck on a sandbar.Blackhawk helicopters were to be used to dump sand and salt down river of the ice jam to help get the water flowing again and reduce flood pressure on the city. Officials warned they may not know if the operation was successful until Thursday.Heavy snowfall prompted thousands of volunteers in Fargo to reinforce temporary dikes and levees after the projected crest of the mighty Red River was raised to a record 41 feet (12.5meters) by Saturday.It kind of scares you a little bit when they do that, Stephen Garrity said of the rising projections as he scrambled to add sandbags to dikes around his home.The river, which is normally only about 98 feet (30 meters) wide, was rising about an inch (2.5 centimeters) an hour, yawning to swallow trees along its banks -- it appeared to be some 2,952 feet (900 meters) wide.

A sandbag dike stretched for miles along the edge of the floodwaters.

Snowplows cleared streets for trucks delivering sandbags to neighborhoods along the river, where volunteers from as far away as Iowa and Montana mingled with high school and college students whose classes were cancelled.Hundreds of volunteers passed along sandbag after sandbag, some standing on pieces of wood to protect against the deep mud under the trampled snow. All the national media stories are,Oh, they need help. So here we are, said Rick Spohnholtz of Newark, Illinois, who arrived with his 13-year-old son Ricky on Wednesday morning.

EUS BROWN CALLS FOR GLOBAL RULE
http://www.youtube.com/watch?v=EyTRCZABaDI

Two-Faced Geithner Assures CFR Puppet Masters He’s Open To Global Currency
Paul Joseph Watson Prison Planet.com Thursday, March 26, 2009

In a near complete reversal of his comments on Tuesday, when he told a Congressional hearing that there were no plans to move towards a global currency to supplant the dollar, Treasury Secretary Timothy Geithner sought to please the elitist CFR by assuring them that he was open to the notion of a new global currency system.

Geithner’s two-faced reversal is another shining example of how much contempt Obama administration front men have for the American people - assuring them one day that the dollar will remain while the next pandering to their globalist puppet masters the CFR as the move towards a global monetary union accelerates.As we reported yesterday, Obama, Geithner and Bernanke on Tuesday publicly defended the dollar and denounced proposals by China and Russia to supplant the greenback with a new global currency, and yet the very policies of the Obama administration, the Treasury and the Federal Reserve are creating the perfect storm for the dollar’s death and its replacement with a new international reserve currency.Would you categorically renounce the United States moving away from the dollar and going to a global currency as suggested by China? a lawmaker asked Treasury Secretary Geithner on Tuesday.Geithner immediately responded, I would.However, just a day later, Geithner told the CFR in a speech that he was open to the Chinese proposal to replace the dollar with a new international reserve system.In response, The dollar fell 1.3 per cent against the euro as headlines saying Geithner open to SDR currency flashed across traders’ screens, reports the Financial Times.

I haven’t read the governor’s proposal. He’s a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue, said Geithner, before adding, We’re actually quite open to that suggestion – you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union.However, any move away from the dollar and towards an international reserve system, including the use of special drawing rights – a synthetic multinational currency maintained by the IMF, cannot be defined as anything other than a move towards a global monetary union.The continued use of the dollar as a reserve currency, he added, depends..on how effective we are in the United States…at getting our fiscal system back to the point where people judge it as sustainable over time.By that standard then, the dollar is a dead duck.The moderator of the CFR forum later gave Geithner a chance to reverse his comments, nervously sensing that he’d let the cat out of the bag.Geithner’s comments to the CFR are noteworthy because the CFR itself has constantly lobbied for the end of the dollar and its replacement with a new global currency as part of a wider agenda to establish global governance.

In May 2007, Benn Steil, the director of international economics at the Council on Foreign Relations wrote an article for the CFR’s influential Foreign Affairs magazine entitled The End of National Currency, in which he wrote that, the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.Steil wrote that countries should abandon monetary nationalism and produce a new multinational currency over a comparably large and economically diversified area.In the article, he argues that unneeded currencies should first be replaced by the dollar or the euro, but that even these currencies were just a temporary solution for an ultimate goal of a world monetary union. World Net Daily featured Steil’s comments in a piece entitled Goodbye U.S. dollar, hello global currency.Paul Volcker, former Fed Chairman, has also called for a world monetary union, famously stating, A global economy requires a global currency.

Volcker’s replacement Alan Greenspan has also badmouthed the dollar’s position as the world reserve currency, arguing that it should be replaced by the euro and also encouraging Arab countries to abandon their dollar pegs, which would be disastrous for the greenback.Groups like the Single Global Currency Union have also received support from NGO’s and other influential policymakers in the pursuit of creating a global currency as part of a wider agenda to implement global governance.In addition, White House economic adviser Austan Goolsbee refused to rule out the introduction of a global currency in an interview with CNN’s Wolf Blitzer earlier this week.Treasury Secretary Geithner has played a leading role in the wholesale looting of the greenback, announcing this week that the printing presses will be cranked to the tune of at least another $1 trillion to buy more toxic assets from the sagging balance sheets of failing institutions - again, all at the expense of the taxpayer who will pay for it with rampant tax hikes and runaway inflation on fuel and food later down the road.Geithner’s double-dealings are nothing less than traitorous. While publicly downplaying the demise of the dollar and the birth of a global currency, his every action is greasing the skids for that very scenario to unfold. In the meantime, he’s careful to assure the anti-American fifth column Council on Foreign Relations, who have vehemently lobbied for a global currency, that the agenda for a world monetary union, a key cog in the pursuit of world government, is right on track.

EU presidency: US stimulus is the road to hell By AOIFE WHITE, AP Business Writer – Wed Mar 25, 3:38 pm ET

BRUSSELS – The head of the European Union slammed President Barack Obama's plan to spend nearly $2 trillion to push the U.S. economy out of recession as the road to hell that EU governments must avoid.The blunt comments by Czech Prime Minister Mirek Topolanek to the European Parliament on Wednesday highlighted simmering European differences with Washington ahead of a key summit next week on fixing the world economy.It was the strongest pushback yet from a European leader as the 27-nation bloc bristles from U.S. criticism that it is not spending enough to stimulate demand.

Shocked by the outburst, other European politicians went into damage control mode, with some reproaching the Czech leader for his language and others reaffirming their good diplomatic ties with the United States. The leaders of EU's major nations — France, Britain and Germany, among others — largely ignored Topolanek and his remarks.

Obama pays his first official visit to Europe next week, aiming to thrash out reforms to the global financial system with the Group of 20 nations and call on NATO allies to commit more troops to the U.S. war in Afghanistan.Europeans leaders hope the new U.S. administration will agree with them on tightening oversight over the global financial system — which they see as crucial to fixing the global economy.Instead, the United States is focusing its efforts on economic stimulus and plans to spend heavily to try and lift itself out of recession with a $787 billion plan of tax rebates, health and welfare benefits, as well as extra energy and infrastructure spending.To encourage banks to lend again, the U.S. government will also pump $1 trillion into the financial system by buying up treasury bonds and mortgage securities in an effort to clear some of the toxic assets — devalued and untradeable assets — from banks' balance sheets.Obama insisted Tuesday that his massive budget proposal will put the ailing U.S. economy back on its feet. This budget is inseparable from this recovery, he said, because it is what lays the foundation for a secure and lasting prosperity.

But Topolanek took aim at Washington's deficit spending.

All of these steps, these combinations and permanency is the road to hell, Topolanek said. We need to read the history books and the lessons of history and the biggest success of the (EU) is the refusal to go this way.Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the liquidity of the global financial market, Topolanek said.

Topolanek spoke the day after he was ousted by his own parliament. The Czech Republic currently holds the six-month rotating EU presidency but its leadership is in question, with Topolanek hanging on to a caretaker government at home after losing a no confidence Tuesday.In Washington, State Department spokesman Gordon Duguid said he did not expect the Czech poltical turmoil to affect Obama's upcoming trip to Prague because the president was traveling to attend an EU event.Analyst Nicolas Veron, a research fellow at the Bruegel think tank, said Topolanek's view is not widely shared by EU leaders.I don't think the damage can be as large as the very strong wording of this would lead one to think, he said. Many people have doubts about the U.S. plan but what he said is much stronger.Veron said European leaders worry that the U.S. plan may not work or could cost taxpayers heavily — but he did not doubt the U.S.fiscal robustness or that it still had extra room to maneuver to stoke economic growth.Martin Schulz, leader of the Socialist group in the European parliament, immediately chided Topolanek, saying his comments were not the level on which the EU ought to be operating with the United States.You have not understood what the task of the EU presidency is, he told the Czech premier. EU Commission President Jose Manuel Barroso also said it was not helpful ... to try to suggest that Americans and Europeans are coming with very different approaches to the crisis.On the contrary, what we are seeing is increased convergence, he told the parliament. But Europe's resistance to the U.S. call for new stimulus measures is starting to weaken despite Germany's fierce opposition to any new spending program this year.

French President Nicolas Sarkozy said Tuesday he is prepared to support the economy with a new spending package. EU officials say they can't rule anything out — even an EU-wide stimulus that could help nations like Ireland and Spain, which can't afford any extra stimulus. British Prime Minister Gordon Brown has also supported U.S. calls to ramp up fiscal stimulus — government spending and tax cuts — although the Bank of England has warned that Britain's swelling public deficit may make it unable to afford new spending. Associated Press writers Raf Casert in Strasbourg, France, Jane Wardell in London and Desmond Butler in Washington contributed to this report.

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

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

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

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

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

WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/

HALF HOUR DOW RESULTS THU MAR 26,2009

09:30 AM +5.02
10:00 AM +41.92
10:30 AM +10.52
11:00 AM +47.15
11:30 AM +41.58
12:00 PM +68.40
12:30 PM +103.39
01:00 PM +102.35
01:30 PM +152.77
02:00 PM +142.89
02:30 PM +108.88
03:00 PM +72.16
03:30 PM +132.14
04:00 PM +174.75 7924.56

S&P 500 832.86 +18.98

NASDAQ 1587.00 +58.05

GOLD 934.30 -1.50

OIL 54.00 +1.23

TSE 300 8995.50 +198.06

CDNX 974.02 +24.98

S&P/TSX/60 546.60 +13.12

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow -11.70%
S&P -9.89%
Nasdaq -3.05%
TSX Advances 819,declines 721,unchanged 284,Volume 2,950,808,710.
TSX Venture Exchange Advances 428,Declines 327,Unchanged 324,Volume 253,747,460.

Dow +75 points at 4 minutes of trading today.
Dow +0.04 points at low today.
Dow +109 points at high today so far.
GOLD opens at $941.00.OIL opens at $54.24 today.

AFTERNOON,NEWS,STATS
Dow +0.04 points at low today so far.
Dow +109 points at high today so far.

DAY TODAY PERFORMANCE - 12:30PM STATS
NYSE Advances 2,611,declines 944,unchanged 96,New Highs 12,New Lows 83.
Volume 3,273,118,315.
NASDAQ Advances 1,875,declines 688,unchanged 136,New highs 14,New Lows 16.
Volume 952,819,276.
TSX Advances 831,declines 480,unchanged 261,Volume 1,320,456,689.
TSX Venture Exchange Advances 313,Declines 223,Unchanged 266,Volume 129,129,262.

WRAPUP,NEWS,STATS
Dow +0.04 points at low today.
Dow +179 points at high today.
Dow +2.25% today Volume 397,262,102.
Nasdaq +3.80% today Volume 2,147,483,648.
S&P 500 +2.23% today Volume N/A

Stocks funds JAN 09 3.4T,DEC 08 3.7T,DEC 07 6.5T.
Money Markets (taxable)funds JAN 09 3.4T,DEC 08 3.3T,DEC 07 2.6T.
Money markets (tax-free)Funds JAN 09 486B,DEC 08 491B,DEC 07 465B.
Dow,S&P,Nasdaq on pace for 3rd consecutive weekly gain.
Dow,S&P,Nasdaq touch fresgh 6 week highs.
Stocks extend gains after successful 7-yr note auction.
Major Indexes rise for 9th time in 13 sessions.
Nasdaq erases all losses for 2009.
Stocks rally into close.

RECORD LOWS DOW
-Sept 30,1996 5,882.17
-Oct 30,1996 5,993.23
-Nov 6,1996 6,177.71
-Dec 16,1996 6,268.35
-Apr 15,1997 6,587.16
-Apr 21,1997 6,660.21
-Apr 28,1997 6,783.02
-May 1,1997 6,976.48
-May 7,1997 7,085.65

RECORD LOWS S&P 500
-Sept 5,1996 649.44
-Sept 6,1996 655.68
-Sept 11,1996 667.28
-Sept 12,1996 671.13
-Oct 1,1996 689.08
-Oct 28,1996 697.26
-Nov 4,1996 706.73
-Nov 5,1996 714.14
-Dec 17,1996 726.04

EUS GORDON BROWN CALLS FOR GLOBAL RULE
http://www.youtube.com/watch?v=EyTRCZABaDI

EU rejects proposal for new reserve currency
ANDREW WILLIS 25.03.2009 @ 09:20 CET

The EU's economy commissioner Joaquin Almunia rejected a Chinese proposal for a new reserve currency on Tuesday (24 March), saying he felt the dollar would remain the world's reserve currency for the foreseeable future. Mr Almunia said he didn't envisage: major structural changes in the role the dollar plays today as a major reserve currency,following Monday's call by China's central bank governor, Zhou Xiaochuan, to create a new reserve currency that is disconnected from individual currencies.Everybody agrees also that the [main] present world reserve currency, the dollar, is there and will continue to be there for a long period of time,said Mr Almunia after a meeting of commissioners in Strasbourg reports the Associated Press.

China's call for a new reserve currency reflects fears that its huge stockpile of dollar denominated US treasury notes, amounting to roughly half of its $2 trillion (€1.49trn) in foreign reserves, is in danger of being devalued. Last week the US Federal Reserve announced the surprise decision to expand its balance sheet and buy up to $300 billion (€223bn) worth of longer-term US treasury securities. Mr Zhou made the appeal for a reserve currency that is able to remain stable in the long run in an essay published on the People's Bank of China's website and included an English translation to ensure an international readership. In the essay, Mr Zhou proposes that an accounting unit used by the International Monetary Fund known as special drawing rights (SDRs) and which is currently based on a basket of four currencies - the US dollar, the yen, sterling and the euro - should become the new reserve currency.The proposal suggests expanding this basket of currencies to include all those from the world's major economies and a system whereby governments could store their reserve SDRs with the IMF. In time SDRs would replace the dollar as the world's reserve currency says Mr Zhou. The British economist John Maynard Keynes, whose theory of counter cyclical spending to lift economies out of recession is currently in vogue, proposed a similar scheme in the 1940s.The move highlights China's increased willingness to voice its economic opinions on the world stage and comes just ahead of a G20 meeting of the leaders of industrialised and developing nations on 2 April in London where reforming the IMF is firmly on the agenda. Russia has also mooted the idea of a new reserve currency based on SDRs and has suggested the upcoming G20 meeting is the place to get the ball rolling. On Tuesday Mr Almunia said that everybody agrees over the need to reform the IMF and give developing nations such as China a greater say in how it is run.

EU, IMF agree €20bn rescue loan for Romania
ANDREW WILLIS 25.03.2009 @ 17:45 CET

EUOBSERVER / BRUSSELS - The European Union and International Monetary Fund agreed the basis for a €20 billion rescue loan for Romania on Wednesday (25 March) as the government struggles with falling tax receipts and rising unemployment payments. The move brings to three the number of EU countries that have turned to IMF and EU aid as a result of the economic crisis, with Latvia and Hungary already securing financial support. Under this latest deal, the IMF will contribute €13 billion to the loan while the EU will contribute €5 billion. A further €1 billion will come from the World Bank, with the remaining €1 billion coming from the European Bank for Reconstruction and Development and other multilateral lenders. The EU contribution will come from its balance of payments facility that EU leaders agreed to double last Friday from €25 to €50 billion. However the commission needs to prepare the necessary paperwork before it can raise the extra €25 billion by issuing bonds to investors, leaving the fund with €10 billion for the moment once Romania's loan, alongside those of Latvia and Hungary, are subtracted. I am pleased that it was possible to come to an agreement rapidly on a significant financial assistance package, said economy commissioner Joaquin Almunia on the Romanian deal, indicating that the loan was conditional on the government implementing a major programme of economic adjustment.

Mr Almunia was referring to an economy policy programme that the Romanian authorities must implement in order to receive the financial support necessary to recapitalise banks and withstand short-term liquidity pressures. A major component of the plan will see the Romanian government limit its budget deficit in 2009 to 5.1 per cent of GDP, eventually bring it below three per cent by 2011. The exact details of the loan conditionality will be spelt out in a memorandum of understanding that is still in negotiation between the lenders and the Romanian authorities.

Cut in public sector spending

Cuts in public sector spending appear inevitable however if the Romanian government is to meet the agreed targets, raising the spectre of social unrest. One of the conditions is likely to be the signing of an integrated salary law, Sorin Ionita of the Romanian Academic Society think-tank told EUobserver. Mr Ionita says the government is likely to target public sector bonuses rather than forced layoffs in big state enterprises, many of which have already been privatised in recent years.

However, last week, the Romanian transport ministry announced its intention to lay off 12,000 of the railway's 76,000 staff. The need for unpopular austerity measures is likely to further weaken the current centre-left coalition, which was elected last November and which has already suffered a string of setbacks, with two interior ministers resigning this year. People are slightly less hysterical towards the IMF [than in South America], but it is still not popular, said Mr Ionita, adding that the government would likely draw public attention to the EU side of the loan. Two EU governments have already fallen as a result of the financial crisis and economic downturn.The Belgium government was the first to go last December after former Prime Minister Yves Leterme offered his resignation over allegations his officials tried to stop judges blocking the proposed sale of Belgian assets in the multinational bank Fortis.In February of this year the Latvian government followed suit and on Monday the Hungarian prime minister offered to stand down if a replacement can be found, a move that would bring the total to three.

Geithner Remarks on IMF Roil Foreign-Exchange Market (Update2)
By Rebecca Christie

March 25 (Bloomberg) -- Treasury Secretary Timothy Geithner sent the dollar tumbling with comments about China’s ideas for overhauling the global monetary system, only to drive it back up by affirming that it should remain the world’s reserve currency.

Geithner was asked at a Council on Foreign Relations event in New York about People’s Bank of China Governor Zhou Xiaochuan’s call for a new international reserve currency. He said while he had not read Zhou’s proposal, he understood it as a plan designed to increase the use of the IMF’s special drawing rights. And we’re actually quite open to that.The dollar slid as much as 1.3 percent against the euro within 10 minutes of news accounts of Geithner’s remarks. It recouped much of the loss about 15 minutes later, when Geithner then predicted no change in the U.S. currency’s role. The dollar was down 0.9 percent at $1.3591 per euro as of 3:39 p.m. in New York.

Today’s episode highlights investors’ sensitivity to any weakening role for the dollar as power shifts toward a wider group of developed and emerging nations, said James McCormick, Citigroup Inc.’s global head of foreign-exchange and local- markets strategy. It was important that China’s proposal came in the run-up to a Group of 20 summit next week, he added.

Share of Reserves

The G-20 is gaining relative power versus the G-7 and we will feel that and see that for some time to come, London- based McCormick said. One key focus for markets will be any change in sentiment toward the dollar, which makes up about two- thirds of world central banks’ foreign-exchange reserves, he said. Geithner will attend the summit of the G-20, which groups the largest developing and emerging countries, April 2 in London along with President Barack Obama. The smaller Group of Seven had since the 1970s been the main forum for leaders of nations with the biggest economies.

After the dollar slumped in the aftermath of Geithner’s first remarks, Roger Altman, who worked with Geithner as deputy Treasury secretary in the Clinton administration, asked him whether he wanted to clarify his comments. I’d like to ask one final question, in effect on behalf of the market, said Altman, founder of Evercore Partners Inc. Let me ask the question this way. Do you see any change over the foreseeable future in the basic role of the dollar as the world’s key reserve currency?

Strong Dollar

Geithner responded: I think the dollar remains the world’s dominant reserve currency. In an interview with CNBC broadcast after the event, the Treasury chief said that a strong dollar is in America’s interest.In his earlier answer, Geithner said increased use of SDRs should be rather evolutionary, building on the current architecture, rather than moving us to global monetary union. SDRs are a unit of account at the IMF used for member countries’ reserves with the fund. Geithner’s remarks don’t indicate Geithner favors moving to a system with the SDR as a reserve currency, strategist Lee Hardman at Bank of Tokyo-Mitsubishi Ltd. wrote in a note. That was the big concern amongst the confusion, London- based Hardman said. A move to an SDR-linked system away from the dollar would naturally lead to a reduction in the dollar’s share of global reserves.

Confidence in U.S.

Geithner, a former Treasury undersecretary for international affairs and president of the Federal Reserve Bank of New York, which carries out U.S. interventions in currency markets, also said that we will do what’s necessary to make sure we’re sustaining confidence in our financial markets.Geithner and Fed Chairman Ben S. Bernanke both told lawmakers yesterday that they expected the dollar to remain the most important global currency. Obama said at a news conference late yesterday that the dollar is extraordinarily strong” because investors are confident in the ability of the U.S. to lead a worldwide recovery, and also rejected calls for a new global currency. China is the largest foreign holder of U.S. Treasuries, and Premier Wen Jiabao earlier this month expressed concern about the value of its investment. Central bank governor Zhou this week advocated a super-sovereign reserve currency that’s disconnected from any individual nation. Zhou said, in an essay posted on the PBOC’s Web site, that the International Monetary Fund’s special drawing rights offer light in the tunnel for the reform of the international monetary system. He said the SDR has yet to be put into full play due to limitations on its allocation and the scope of its uses.McCormick at Citigroup said it was a concern that Geithner said he hadn’t read Zhou’s comments.If I’m running the Treasury I would want to have been briefed on that.Geithner has been the only confirmed senior official at the Treasury since he took office in January. The White House yesterday nominated former Clinton official Lael Brainard as Treasury undersecretary for international affairs after at least one other candidate for the job removed herself from contention. To contact the reporter on this story: Rebecca Christie in Washington at Rchristie4@bloomberg.net

Sources: Extensive regulatory overhaul planned By MARTIN CRUTSINGER, AP Economics Writer – MAR 26,09

WASHINGTON – The Obama administration is proposing an extensive overhaul of financial regulations to increase oversight of such exotic instruments as credit default swaps that have been blamed for contributing to the worst financial crisis to hit the country in seven decades.Officials said Wednesday that the administration will seek to regulate the market for credit default swaps and other types of derivatives and require hedge funds to register with the Securities and Exchange Commission.Treasury Secretary Timothy Geithner was scheduled to outline the administration's proposals in testimony Thursday before the House Financial Services Committee. Administration officials provided details of the plan ahead of the testimony only on condition of anonymity.The program the administration was presenting to Congress will also include a recommendation for creation of a systemic risk regulator, possibly at the Federal Reserve, to monitor risks to the entire system.The plan also includes a measure that Geithner and Federal Reserve Chairman Ben Bernanke discussed before the committee on Tuesday to give the administration expanded powers to take over major nonbank financial institutions such as insurance companies and hedge funds that were teetering on the brink of collapse.The administration, pushing Congress to act quickly on its reform agenda, sent Congress a 61-page bill dealing with the expanded powers to seize control of nonbank institutions late Wednesday and the House Financial Services Committee, chaired by Rep. Barney Frank, has indicated it could move on the measure as early as next week.However, it was unclear how fast the rest of the financial reform agenda might move through Congress. Geithner was providing only a broad outline of the other proposals, with many thorny details remaining to be worked out.

Administration officials promised that the remaining issues would be hammered out in consultation with Congress with the goal of getting legislation approved as quickly as possible.The administration is proposing that hedge funds and other private pools of capital, including private equity funds and venture capital funds, be required to register with the SEC if their assets exceeded a certain size. The threshold amount has yet to be determined, officials said.The proposal on credit default swaps and other derivatives would require the markets on which they are traded to be regulated for the first time and for the buying and selling of these instruments to be conducted in a way that will foster greater oversight.Credit default swaps, which trade in a $60 trillion global market without government oversight, are contracts to insure against the default of financial instruments like bonds and corporate debt. They played a prominent role in the credit crisis that brought the downfall of investment banking giant Lehman Brothers Holdings Inc. last fall and pushed insurance giant American International Group Inc. to the brink of collapse, forcing the government to provide more than $180 billion in support.Hedge funds, vast pools of capital holding an estimated $1.5 trillion in assets, operate mostly outside of government supervision. As the market crisis deepened last fall, hedge fund selling was widely cited as one of the reasons for increased volatility that pounded stocks and bonds. Hedge funds also suffered huge losses last year, notably from investments in securities tied to subprime mortgages.The outline of the regulatory reform was being unveiled a week before President Barack Obama was scheduled to meet for discussions among the Group of 20 major industrialized and developing countries in London to assess what needs to be done to deal with the global financial crisis.

The administration is pushing other nations to follow the U.S. lead in putting together sizable economic stimulus programs to jump-start global growth. However, many in Europe are resisting those calls and arguing that the United States needs to do more to toughen financial regulations because they believe the current troubles can be traced to lax regulation in the United States in such key areas as hedge funds and credit default swaps.The Bush administration resisted calls for tighter regulations in these areas but the Obama administration has signaled its willingness to do more and is hoping that the flaws in current regulations that were exposed by the financial crisis will spur Congress to act.AP Business Writer Marcy Gordon contributed to this report.

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).

Czech government defeat raises major Lisbon concerns
ELITSA VUCHEVA 25.03.2009 @ 17:32 CET

EUOBSERVER / BRUSSELS – The presidents of both the European Commission and the European Parliament on Wednesday (25 March) urged the Czech Republic to proceed with the ratification of the EU's Lisbon Treaty despite the fall of the Czech government the day before, while Czech deputy premier Alexandr Vondra admitted the ratification would now become more difficult.I would like to urge all political leaders not to use this political crisis in a way to make the Lisbon Treaty hostage to domestic problems. That would not be fair to the other countries of Europe, Mr Barroso said at a press conference in Strasbourg.His comments came just a few hours after the centre-right Czech government of Prime Minister Mirek Topolanek lost a no-confidence motion by a single vote on Wednesday night.The most likely scenario however is that the current government will remain in place until the end of the Czech EU presidency in June.I really hope these political domestic developments are not used as a way to put into question the treaty, which was negotiated and signed by this enlarged Europe, by all the 27 member states,Mr Barroso stressed.Governments change, that is normal in democracy. Sometimes it happens that one government signs a treaty and another one ratifies [it] ... But it is important to say that there is a responsibility of the state as such, he added.The Czech Republic, Ireland, Germany and Poland comprise the four countries that have yet to complete the ratification of the Lisbon Treaty. In February, the lower house of the Czech parliament gave the green light to the document, but it must still pass the Senate and has then to be signed by the country's eurosceptic president, Vaclav Klaus, for ratification to be completed.

A lot more difficult

The defeat of the centre-right Civic Democrats (ODS) of Mr Topolanek, the majority party in the Czech Senate, has raised fears that the upper house might reject the Lisbon Treaty.The February vote in the lower house passed precisely thanks to the votes of a minority of ODS deputies.Of course the current developments do complicate the situation ... It is not going to be easy, Czech deputy prime minister Alexandr Vondra (ODS) said at the joint press conference with Mr Barroso and European Parliament President Hans-Gert Poettering.Obviously, it will be a lot more difficult now to convince people to vote in favour, he added.For his part, Mr Poettering highlighted what he saw as Prague's special responsibility in the ratification process.From the European Parliament's perspective, it would be a tragedy for Europe if the Lisbon Treaty were to fall in one country, in a country that belonged previously to the Warsaw Pact, he said, referring to the organisation of Communist states in central and eastern Europe that existed from 1955 to 1991.I cannot imagine that the Czech people, these 10 million people ... are going at the end of the day to stand against the 490 other million citizens of the European Union ... We have a historic responsibility to see this through, he added.

No lame-duck EU presidency

Speaking in the parliament's plenary earlier this morning, Czech Prime Minister Mirek Topolanek said that the fall of his government should not be considered a reflection on Prague's performance at the EU helm. Don't be concerned: The situation will have no impact on the [Czech EU] presidency,he told MEPs.Mr Vondra subsequently echoed this statement.Let's not call this a lame-duck presidency. We are now in day one of a new situation, and we hope that in the second half [of our presidency] our balance will be as successful as today, he said, stressing that his country would remain EU president until July, regardless of the political crisis at home.The European commission president also backed the Czech stewards of the union.A political crisis is normal for democracy,Mr Barroso said, insisting he had full confidence that the Czech presidency will be a successful one.

Road to Hell or road to somewhere else?

On Wednesday, Mr Topolanek also re-iterated criticism he had made earlier regarding the US economic recovery plans, saying that pumping ever-larger sums into the economy was the wrong approach and that US President Barack Obama's massive stimulus package and banking bail-out would eventually undermine the liquidity of the global financial market.All of these steps, these combinations and [their] permanency is the road to hell, he told MEPs.Later on, Mr Vondra insisted that the prime minister's comments – made just a week ahead of a G20 summit in London – had not been translated correctly from the Czech.I was there and listened to the speech in Czech and he never mentioned the word hell,Mr Vondra said.

Czech government falls, putting EU presidency at risk
VALENTINA POP 24.03.2009 @ 20:13 CET

EUOBSERVER/BRUSSELS – The Czech parliament on Tuesday (24 March) by a razor-thin majority voted down the government led by Prime Minister Mirek Topolanek, who currently holds the EU presidency.The vote of non-confidence gathered the necessary 101 votes out of 200 to topple the administration, with four votes from the governing party going with the opposition.The government will have to resign, but the constitution does not provide a deadline by which new elections need to take place, with EU officials expecting some sort of deal with the opposition so that the current cabinet can stay on until the end of the Czech EU presidency, on 30 June.The centre-right ODS party led by Mr Topolanek along with the opposition Social Democrats are expected to meet President Vaclav Klaus in the coming days to negotiate a solution.

According to the Czech constitution, the president is obliged to accept the resignation of the government and consider two possible solutions: early elections or a new government under political consensus of the parliamentary majority.The current government, formed by the ODS, the Christian-Democrats and the Greens only retained 96 of the 200 deputies in the lower chamber, depending on the good will of independent MPs. Two former ODS members, Vlastimil Tlusty and Jan Schwippel, as well as two other MPs recently expelled from the Green party, Vera Jakubkova and Olga Zubova, voted with the opposition, AFP reports.In its motivation for the non-confidence vote, Social Democrat leader Jiri Paroubek said the Czech government was a disgrace for the EU because it has no clear position on the union and is unable to ratify the Lisbon treaty in the Czech Republic.Mr Paroubek said the Topolanek government is sticking to its EU presidency as the only possibility to justify its existence and is closing its eyes to the impact of the global economic crisis. Commenting on the vote, Mr Topolanek admitted the collapse of his government could undermine the EU presidency.

I believe it can complicate our negotiating power ...partners in Europe have grown used to us negotiating hard. In this sense it can happen that our position will be weakened,he told reporters after the vote.He re-iterated that he would be in favour of early elections this summer if no new government is formed.The EU commission on Tuesday said it maintained full trust that the Czech law would allow the country to continue conducting its EU presidency as effectively as it has done until now.It is for the Czech Republic's democratic process under the constitution to resolve the domestic political issues. The commission is confident that this is done in a way which ensures the full functioning of the Council presidency,a commission statement reads.This is not the first time that a country in charge of the rotating EU presidency has a change of government during its mandate. In 1996, Italy faced a similar situation when a centre-left coalition headed by Romano Prodi won parliamentary elections, ousting the centre-right government led by Lamerto Dini.In 1993, Denmark also faced a change of government while it was chairing the EU, with the government led by Poul Schluter falling and Social Democrat Poul Nyrup Rasmussen coming to power.

Clinton: NKorea plan to fire missile provocative By MATTHEW LEE and PAMELA HESS, Associated Press Writers MAR 25,09

MEXICO CITY – Secretary of State Hillary Rodham Clinton on Wednesday warned North Korea that firing a missile for any purpose would be a provocative act that would have consequences.North Korea is loading a rocket on a launch pad in anticipation of the launch of a communications satellite between April 4 and 8, U.S. counterproliferation and intelligence officials said. North Korea announced its intention to launch the satellite in February, but regional powers worry the claim is a cover for the launch of a long-range missile capable of reaching Alaska.Clinton told reporters during a visit to Mexico City that the U.S. believes the North Korean plan to fire a missile for any purpose would violate a U.N. Security Council resolution barring the country from ballistic activity. She linked a missile launch to the future of talks between the U.S., North Korea and four other nations aimed at ending North Korea's nuclear weapons program.We have made it very clear that the North Koreans pursue this pathway at a cost and with consequences to the six-party talks, which we would like to see revived, Clinton said.We intend to raise this violation of the Security Council resolution, if it goes forward, in the U.N., she said.This provocative action in violation of the U.N. mandate will not go unnoticed and there will be consequences.National Intelligence Director Dennis Blair said earlier this month that all indications suggest North Korea will in fact launch a satellite. However, North Korea faked a satellite launch in 1998 to cloak a missile development test.In 2006, North Korea launched a Taepodong-2 that blew up less than a minute into flight.Both the satellite launch rocket and long-range missile use similar technology, and arms control experts fear even a satellite launch would be a test toward eventually launching a long-range missile.

South Korea, the U.S. and Japan have urged North Korea to refrain from launching a satellite or missile, calling it a violation of the Security Council resolution. North Korea insists it has the right to develop its space program and on Tuesday warned the U.S., Japan and its allies not to interfere with the launch.In Seoul, the Defense Ministry and the National Intelligence Service said Thursday that they cannot confirm whether the North has loaded the rocket on the launch pad.South Korea's chief nuclear envoy, Wi Sung-lac, said Wednesday after returning from talks with his Beijing counterparts that a launch would trigger a response.If North Korea launches rocket, certain countermeasures are unavoidable, he said. He refused to elaborate, saying the measures, including any sanctions, would be discussed among U.N. Security Council member nations.It probably won't be clear if the latest launch is a satellite or a missile test until footage can be analyzed after the event; the trajectory of a missile is markedly different from that of a satellite.Analysts have been watching for signs of a satellite or missile on the launch pad in Musudan-ni, the northeast coastal launch site. Satellite imagery from March 16 showed progress toward mounting a rocket, with a crane hovering over the launch pad, said Christian LeMiere, an editor at Jane's Intelligence Review in London.LeMiere said that once the rocket is mounted, scientists would need at least a week to fuel and carry out tests before any launch. Images from earlier this month did not indicate the rocket or missile had been mounted, he said.Associated Press writer Pamela Hess reported from Washington. Jean H. Lee in Seoul also contributed to this report.