April 23, 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) The buildup in the Middle East for war with Iran
3) Events leading to the collapse of the euro and US dollar

If Israel doesn’t initiate a peace plan in the near future, the Quartet (EU, US, UN and Russia) are threatening to recognize a PLO state based upon 1967 borders with East Jerusalem as its capital.  Catholic, Jewish and Muslim religious leaders called upon Obama  to recognize a PLO state based upon 1967 borders with East Jerusalem as its capital. Britain, France and Germany are pressuring the US to immediately establish a position on the peace process and for Obama to initiate a peace plan.  Reports are that the Obama administration has been debating on the parameters of a US peace plan.  One of the current ideas is that a US peace plan would entail a PLO state based upon 1967 borders with East Jerusalem as its capital. Israel would be provided with security and the PLO would give up the right of return of refugees.  Israel Prime Minister Benjamin Netanyahu stated that Israel cannot compromise on two key issues: Israel being a Jewish state and Israel maintaining a security presence along the Jordan Valley. The PLO’s position is the right of return is non-negotiable and that they will never accept an Israeli military presence along the Jordan Valley in any final status agreement.  The PLO plans to get the UN Security Council or the UN General Assembly to recognize a PLO state based upon 1967 borders with East Jerusalem as its capital this September. Mahmood Abbas said that it would be illogical for the US to block a PLO state this September at the UN. If the UN recognizes a PLO state this September, a member of the Israeli government, Uzi Landau, suggested that Israel should annex the settlement blocs in the West Bank and possibly even the entire West Bank.

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

The link to these articles are as follows:

1) Israel under pressure to offer peace plan
2) ‘Quartet may recognize Palestinian state’
3) Religious leaders urge Obama to take lead on Mideast peace
4) Europe ups pressure on US over Mideast
5) Shape of new peace plan emerging
6) Obama’s plan: Palestinian state, without right of return
7) Jewish state central to conflict, Netanyahu tells AFP
8.) Palestinians: Right of return non-negotiable
9) Palestinian Authority rejects Israel’s troop deployment
10) Palestinians to Seek Statehood Approval in September, Abbas Says
11) ‘PA will get majority UN-recognition for Palestinian state’
12) Abbas: U.S. would be illogical to block independent Palestinian state at UN
13) Landau: Israel should annex W. Bank if PA get statehood

Saudi Arabia is concerned about the growing influence of Iran in the Middle East and the threat it would impose to the Saudi government. Saudi Arabia is also concerned about the US lack of commitment to restrain the Iranian influence and the lack of support that the US showed toward former Egyptian President Hosni Mubarak which led to his departure as President of Egypt.  As a result, Saudi Arabia is leading an effort of the Gulf Security Council to military protect their interests against Iran. Part of this plan is standing with the existing goverment of Bahrain against civilian protesters.

A US war with Iran is a tribulation event.

The link to these articles are as follows:

1) Saudis give up on US, instigate direct Gulf action against Iran

Greece is now paying over 19% to finance 2 year bonds. Finland is threatening to veto a possible EU bailout of Portugal. For the first time since the great depression, US government cash handouts to its citizens is exceeding its tax revenue. For the first time in history, the credit agency Standard and Poor’s has downgraded America’s credit outlook from stable to negative. Leap2020.eu, a European think tank, is now predicting a collapse of the US dollar (a 30% devaluation) this fall.  The BRICS countries (Brazil, Russian, India, China and South Africa) agreed to open credit lines denominated in their own currencies rather than the world’s reserve currency, the US dollar. Together, the account for nearly 40% of the world’s currency reserves. All these things create the condition for a collapse of the euro and 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) Sovereign debt fears put euro under pressure
2) Government Cash Handouts Now Top Tax Revenues
3) US faces credit downgrade if debt not cut
4) Autumn 2011: A collapse of the US Dollar
5) BRICS to replace dollar credits with local currencies

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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