August 7, 2010: Weekly 5 minute update (Audio / Video and links to articles)

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

1)  Listen to the audio
2) Watch the video

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

1) The current status of the Israel / PLO peace process
2) The situation with Iran
3) An IMF plan to have one world currrency

The USA and Israel have agreed on the need to move the Israel / PLO peace process to direct talks. The USA has imposed heavy pressure on the PLO to agree to direct talks. A week or so ago, the Arab league agreed on the need for direct talks but allowed for Mahmood Abbas to decide on the timing to start them. At the moment, Mahmood Abbas is resisting going to direct talks demanding that Israel agree that a PLO state will be based upon the June 4, 1967 borders and end settlement construction in the West Bank and East Jerusalem before he agrees to direct talks. Meanwhile, the PLO has made a peace offer to Israel given to George Mitchell in the middle of July. Israel hasn’t made an official comment to the peace offer.

I believe that Obama is pushing for direct talks so that the USA can ultitmately pressure Israel to agree on the borders of a PLO state. Earlier in the year, Obama promised Abbas that he would pressure Israel to agree to a PLO state at the end of the process of indirect talks which are scheduled to be from May 9 – September 9.  However, in order for Obama to fulfill his promise, he politically needs Abbas to agree to direct talks. Therefore, direct talks would be to the benefit of the PLO. However, the PLO seems to be more interested in trying to humiliate Israel while trying to get an agreement for a PLO state than actually doing what is needed to actually get one.  In Obama’s frustration, he “threatened” the PLO that there would be “consequences” if they would not enter into direct talks. George Mitchell is going to the Middle East next week to try to finalize an agreement to start direct talks.

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

The link to these articles are as follows:

1) Abbas resists US pressure for direct talks
2) Abbas rejects US request to set date for direct talks without reference
3) Abbas sets conditions for direct talks with Israel
4) Abbas wants a trilateral meeting between aides before direct talks
5) Saudis coaxing PA to enter direct talks
6) Erekat to Haaretz: New Proposal more generous than deal we offered Olmert

Regarding Iran, it has claimed to have smuggled anti aircraft missile systems into the country.  The USA has announced it will reduce the number of troops in Iraq to 50,000. Currently, Iraq is without a functioning government.  Will a US withdrawal from Iraq leave a vacuum in the Middle East and threaten Saudi Arabia and Israel as incumbent Shi’ite Prime Minister Nouri Al-Maliki is likely to be friendly toward Iran.

A US war with Iran is a tribulation event.

The link to this article is as follows:

1) Iran claims to have smuggled anti aircraft missile systems into country
2) Will US withdrawal from Iraq threaten Saudi Arabia and Israel?

The International Monetary Fund (IMF) has writen a document calling for a global currency named the “Bancor” to replace the US dollar as the world’s reserve currency.

The collapse of financial Babylon is a tribulation event.

The link to these articles is as follows:

1) New IMF Strategy Document Charts Launch of “Bancor” Global 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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