May 29, 2010: Weekly 5 minute update (Audio / Video and links to articles)

You may view the 5 minute update in two ways:

1) Listen to the audio
2) Watch the Video

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

1) The current status of the Israel / PLO peace process
2) The USA and Iranian nuclear issue
3) Economic reports of the health of the US economy

Regarding the current situation with the Israel / PLO peace process,  Netanyahu has been invited to have a meeting with Obama in the USA on June 1.  Abbas will meet with Obama in the USA on June 9.  The USA has proposed to place international troops along Israel’s border with a future Palestinian state.  Meanwhile, rabbis and settlement leaders are urging civil disobedience to block structures in the West Bank from being demolished.

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

The link to these articles are as follows:

1) Obama invites Abbas for June 9 talks
2) Obama plan: Global troops to protect Israel
3) Rabbis, settlement leaders: Prevent demolitions even at cost of confrontation

Regarding Iran, there is growing signs of US preparations to attack Iran. First, it has okayed reconnaissance missions over Iran. Secondly, a US nuclear submarine has crossed the Strait of Hormuz.  Thirdly, Syria has 1,000 ballistic missiles aimed at Israel. It looks like there could be a regional war in the Middle East this summer or fall.

The link to these articles are as follows:

1) Reconnaissance for attack a warning to Iran
2) A US nuclear submarine crosses into Strait of Hormuz
3) Syria has 1,000 ballistic missiles aimed on Israeli targets

A US war with Iran is a tribulation event.

Regarding the US economy, the M3 money supply contracted at a rate of nearly 10%.  The M3 money supply has not fallen this much since the Great Depression.  in 2010 1Q, FHA home financing has exceeded financing done by Fannie Mae and Freddie Mac indicating that the home market is on life support.

The link to these articles are as follows:

1) US Money Supply plunges at 1930s pace as Obama eyes fresh stimulus
2) FHA Home-Financing Volume Sign of ‘Very Sick System’

The collapse of the US dollar and the world economy is a tribulation event.

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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