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 possibility of war with Iran
3) The possibility that political instability could develop in Saudi Arabia
4) The events leading to the decline of the US dollar as the world’s reserve currency
The PLO have a strategic plan for the UN Security Council to recognize a PLO state with East Jerusalem as its capital by this September. If Israel doesn’t agree to a negotiated PLO state by this September then Norway has threatened to recognize a PLO state at that time. Meanwhile, the Quartet (US, EU, UN and Russia) is having a meeting on March 15 in Paris seeking to move the peace process forward and invited Israel and the PLO to attend. Israel decided not to attend because there were to be no direct negotiations. Because of international pressure upon Israel regarding the stalemate of peace talks, PM Benjamin Netanyahu is seeking to make a speech outlining a new Israeli peace plan that is believed to be an interim agreement with a promise to establish permanent borders in a specified time frame. Upon hearing of this idea, the PLO have rejected it. As a result, Netanyahu is discussing making a policy speech on the peace process in the USA in May. Defense Minister Ehud Barak stated that if Israel is going to make peace with the PLO then Kadima would have to join the current Israeli government as he believes that the right-wing parties would not agree to a peace agreement. Recently, Israel tore down an illegal outpost in the West Bank. As a result, settlers in the West Bank protested. Israel’s defensive shield against enemy missiles called ‘Iron Dome’ is now ready to be installed. Finally, a Western diplomat in Jordan has indicated that Israel isinterested in going to war with Syria and Hezbullah.
An agreement to divide Jerusalem and establish a PLO state is a tribulation event.
The link to these articles are as follows:
1) Palestinians Seek New Path to State
2) Norway may recognize Palestinian state if peace process remains stalled
3) Blair in Jerusalem ahead of upcoming Quartet meeting
4) Israel skips Quartet meet, as PM eyes interim deal
5) PM told Abbas Israel demands to hold 40% of W. Bank
6) PM mulling new initiative on Palestinian statehood
7) Netanyahu mulls Palestinian state with temporary borders as part of interim peace deal
8.) PA rejects Netanyahu’s conditions for discussing borders
9) Abbas: We won’t accept interim peace deal
10) PM likely to unveil diplomatic initiative in DC in May
11) Netanyahu: Binational state would be disastrous for Israel
12) Barak: Make-up of government is problematic for advancing peace
13) Settlers block roads, train tracks on ‘Day of Rage’
14) Report: ‘Iron Dome’ Nears Completion
15) Israel planning new war on neighbors
Iran is now planning to build a permanent naval base in Syria. This development is causing great concern for the USA and Israel. This event increases the risk of instability in the region and possible war with Iran.
A US war with Iran is a tribulation event.
The link to these articles are as follows:
1) Iran to build permanent naval base in Syria
2) Clinton warns of Iranian efforts to fill ME power vacuum
We are now watching for the possibility of political unrest to develop in Saudi Arabia beginning this March 11 as a “day of rage” has been planned. There is now political instability in Bahrain. Iran is supporting the Shi’ite minority while Saudi Arabia is supporting the Sunni majority government. Because of rumblings of Shi’ite unrest in Saudi Arabia that coud threaten the stability of the Saudi government, the Saudi stock market dropped by 7% this week. If the Saudi government has instability and the supply of oil is disrupted then oil could rise to $200 per barrel.
The link to this article is as follows:
1) Bahrain May Be Uprising Too Far for Saudis Avoiding Iran’s Grip
2) Tehran’s hands-off threat to Riyadh incites Saudi Shiites to revolt
3) Saudi Arabia contagion triggers Gulf rout
4) Saudi Arabia Uprising Could Mean $200 Oil
China now holds nearly $1.2 Trillion dollars of the $4.4 Trillion dollars of US Debt held by foreign nations. It is being reported that the dollars reign as the world’s primary reserve currency is coming to an end. The influence of the Chinese currency is on the rise as China aims to settle nationwide trade in its own currency by the end of 2011. This will put further pressure on the international status of the US Dollar.
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) China now owns $1.16 trillion of U.S. debt
2) Why the Dollar’s Reign Is Near an End
3) China aims to settle nationwide trade in yuan by 2011
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