You may view the 5 minute update this week via audio:
In this week’s 5 minute update, we focused on several things:
1) The current status of the Israel / PLO peace process
2) The weak situation with the world economy
The international community continues its push to recognize a PLO state in September. The PLO say that their state institutions have been set up and are ready to go. In a meeting in Brussels this past week, Quartet representative Tony Blair stated that the PA is ready for a state. Prime Minister Salam Fayyad is asking for the international community to donate $5 Billion dollars over the next 3 years to support a PLO state. Salam Fayyad stated that the Brussels conference announcing that the PLO is ready for statehood is an international ‘birth certificate’ for a PLO state. Meanwhile, the USA blocked a Quartet meeting (the US, EU, UN and Russia) from taking place in Berlin, Germany this past week where it was expected that the Quartet would make a statement declaring their support for a PLO state based upon 1967 borders with East Jerusalem as its capital. While the US supports in principal a PLO state based upon 1967 borders with East Jerusalem as its capital, the US decision to block the Quartet meeting seems to be a tactical decision. The US would like to be in control of the timing and support for a PLO state based upon 1967 borders with East Jerusalem as its capital. As a result, Secretary of State Hilliary Clinton announced that President Obama will be making a speech in the next few weeks outlining the US position on a Israel / PLO peace agreement. A newspaper in Israel reported that President Obama will support a PLO state based upon 1967 borders with East Jerusalem as its capital at the UN this September. The PLO stated that when Obama details his new policy initiative that he must make a clear statement opposing Israeli building in the West Bank and East Jerusalem and supporting a PLO state based upon 1967 borders with East Jerusalem as its capital. In response, Israel Prime Minister Benjamin Netanyahu has been invited to speak at a joint session of congress in the USA in late May. Netanyahu stated that he would stand for the security interests of Israel and that the PLO need to recognize Israel as a Jewish state. Netanyahu is considering saying that he is willing to establish a PLO state upon 50% of the West Bank immediately and give more control of these areas to the PLO. Based upon that gesture, Netanyahu then wants to tell the international community that Israel is willing to sit down and negotiate with the PLO the details of a final status agreement. Upon hearing the rumors of Netanyahu’s position, the PLO have rejected it. It seems that Netanyahu will be asked by the USA and the international community if he is willing to accept the terms of reference for a final status agreement to be given by President Obama in a couple weeks or reject it. The showdown and the battle over Jerusalem (Zechariah 12:1-3) is now happening.
An agreement to divide Jerusalem and establish a PLO state is a tribulation event.
The link to these articles are as follows:
1) PA: Ready to Announce Statehood In September
2) UN: PA ready to govern a state of its own
3) Tony Blair to endorse Palestinian state in Brussels report
4) PA hail international ‘birth certificate’ of statehood
5) PA seek $5 billion for 3-year development plan
6) US Blocks Quartet Move to Propose Pro-PA Final Status Plan
7) ‘PA still want Quartet-brokered peace with Israel’
8.) ‘US will have hard time standing alone in UN’
9) Clinton: US to lay out new Mideast policy in weeks
10) Obama to recognise Palestinian state with ’67 borders
11) New U.S. peace push must come soon: PA
12) PA seeks US support for statehood
13) Netanyahu: I’ll address Iran, ‘secure peace’ in US speech
14) PM: Peace terms won’t be forced on us
15) Netanyahu mulling West Bank pullout to stave off ‘diplomatic tsunami’
16) Fatah Warns from Netanyahu’s Proposal
17) The New Christian settlers
18) Russian-American Christians seek new life in Samaria
Greece is now paying between 13% and 18% to finance its debt. This brings a risk that Greece will have more financial problems and could cause a crisis for the euro. The BRICS countries (Brazil, Russia, India, China and South Africa) are calling for a new international financial system which replaces the dependence of the US dollar as a world’s reserve currency. The US dollar index (the value of the dollar in the world market) has dropped over 15% since June, 2010. It has fallen from a reading of 88 to about 74. It is reaching the lows experienced in the summer of 2008 of around 72-74. If the dollar breaks through the 72-74 support level, its fall could be accelerated causing a collapse of the US dollar and the US to default on its debt.
A collapse of the US dollar and the establishment of one world currency is a tribulation event.
The link to these articles are as follows:
1) Fears grow over Greek debt default despite bail-out
2) BRICS demand global monetary shake-up, greater influence
3) US Dollar Index: Dollar has fallen over 15% since the summer of 2010
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