February 12, 2011: Weekly 5 minute update (Audio Only)

You may view the 5 minute update this week via audio:

1) Listen to the audio

In this week’s 5 minute update, we focused on several things:

1) The current status of the Israel / PLO peace process
2) US meddling in Egypt
3) Events toward a North American Union
4) Prospects for a new world currency

The Quartet held their February 5 meeting regarding the Middle East peace conference in Munich, Germany. They released a statement saying that a Israel / PLO peace agreement should be through negotiations. The PA was disappointed because they wanted the Quartet to endorse the borders of a future PLO state with East Jerusalem as its capital. Meanwhile Israel announced new building in East Jerusalem which the US condemned indicating it being unhelpful in creating the conditions to make East Jerusalem the capital of a PLO state.  Because of the civil unrest in Egypt and fearing that it could spread across the Middle East, chief PLO negotiator Saeb Erekat resigned and announced new PLO elections for September. Israel Defense Minister Ehud Barak visited the US to discuss the situation in Egypt and Israel’s security. George Soros is creating a financial fund to aid economic development for a future PLO state.

An agreement to divide Jerusalem and establish a PLO state is a tribulation event.

The link to these articles are as follows:

1) Quartet refuses to endorse unilateral state – PA Upset
2) Mideast Quartet: Israel-PA peace talks must advance quickly due to Egypt unrest
3) US Official: Israel’s actions in East Jerusalem go against Mideast peace efforts
4) US Officials emphasize commitment to Israel security
5) Erekat resigns as PA announces September elections
6) Obama, Soros create ‘Palestine’

Egyptian President Hosni Mubarak resigned as President of Egypt. Mubarak expressed displeasure in the way in which the US treated him throughout the uprising. In leaving office, Mubarak stated that he believes that Egypt and other Middle East governments will have greater problems this year dealing with radical Islam. The US may have had a role to play in the unrest in Egypt. During the Bush administration, the US developed a vision for the Middle East called the “New Middle East Project” outlined in the “Clash of Civilizations” essay which appeared in the “Foreign Affairs” magazine. The goal is a “new map” of the Middle East. The long term goal is for the US to control the financial institutions and the oil reserves of the Middle East. In any future government of Egypt, there is a concern of the influence of the Muslim Brotherhood. Meanwhile, George Soros is one of 8 members of the ICG executive committee who has funded organizations opposed to traditional US allies in the Middle East.

The link to these articles are as follows:

1) Mubarak slammed US in phone call with Israeli MK before resignation
2) Obama proves Osama was right
3) The G8 Map of Washington’s Greater Middle East extends right to the borders of China and Russia and West to Morocco
4) Muslim Brotherhood awakens terrorist wing
5) Soros fingerprints on Mideast chaos

An agreement was made this week between the USA and Canada to establish a regulatory council to unify the security and economic elements of both countries. This is the beginning of the implementation of the SPP (Security and Prosperity Partnership) established under the Bush administration. This is part of the effort to eventually create a North American Union consisting of the USA, Canada and Mexico.

1) Obama creates World’s First Superstate With US-Canada Merger
2) New Harper / Obama Border Deal about Corporate Power – Not Security and Trade
3) North America Union Advances with New Declaration

Portugal 10-year interest rates are rising causing intervention by the European Central Bank. Because of this, there is a concern that the same financial crisis which has happened to Greece and Ireland could happen to Portugal. A top Federal Reserve spokesperson indicates that the US can’t grow itself out of its current debt problems. Meanwhile, the IMF is again calling for a global currency whose value is tied to a basket of currencies called ‘Special Drawing Rights’ (SDR’s). When the US dollar collapses there will be a need for a new world reserve currency.

A collapse of the US dollar and the establishment of one world currency is a tribulation event.

The link to this article is as follows:

1) European debt crisis threatens Portugal
2) Fed’s Lockhart: US Can’t Grow Out of Debt Problems
3) IMF calls for dollar alternative
4) International Monetary Fund director Dominique Strauss-Kahn calls for new world currency

From a Biblical prophetic perspective, the reason why the God of Israel would allow these events to happen is because it will result in the end of the exile of the house of Jacob and the reunification of the 12 tribes of Israel (Ephraim and Judah).

We will to be “watchmen on the walls of Jerusalem” and we will not rest until the God of Israel makes Jerusalem a praise in the earth (Isaiah 62).

Shalom in Yeshua the Messiah,

Eddie Chumney
Hebraic Heritage Ministries Int’l

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