Archive for January, 2008

Weakening Dollar Go Away, Israeli Shekel Wants to Play!

Wednesday, January 9th, 2008

Weakening Dollar Go Away, Israeli Shekels Want to Play!

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January 9, 2008

http://www.tribulationperiod.com/

As our world position, Middle East influence, and international dollar buying power fades into the historical sunset, it is at times tempting to vote for the U.S. Presidential candidate I dislike the most, in order to insure he or she (or it) will inherit these woes, along with the plague of an Islamic scourge of Allah now moving across the face of the earth.

If I really thought the illusionary great end time revival was going to occur, (which some evangelicals keep telling the world is soon to happen according to prophecy), it would matter a great deal more to me who was elected as the next U.S. President, but prophecy does not teach that massive numbers will be turning to Christ before His Second Coming. Certainly I am in favor of great revival efforts in these last days all over the earth, but I would say to do it simply because that is what we are supposed to do before His Second Coming. I do not think we should use a promise of great success, by claiming fantastic masses will be saved, as a justification for doing what we are always supposed to be doing.

Of course, it does matter to me who our next President will be, but in all reality, I don’t think what he or she does, or doesn’ t do, will change

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the outcome of the inevitable Middle East war as described in prophecies of the Bible.

Begin Haaretz Article

After 22 years, the skekel has finally ousted the dollar

January 8, 2008

By Ami Ginsbury

The conversion from price listings in dollars to listings in shekels should have occurred in Israel long ago.

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That it did not was mainly due to habit, which can be hard to change. People simply became used to certain prices being set in dollars. It was a fact of life.

Habits play an important part in maintaining stability in economic systems.

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Thus without a shock that results in heavy losses for at least some, habits are difficult to change.

But there have been plenty of losses.

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This week we learned that the price Tnuva’s sellers (the kibbutzim and moshavim) received for the company was NIS 330 million lower than they had expected. The reason? The deal was drawn up ten months ago in dollars, whose exchange rate against the shekel has since eroded by 9.8%. According to another report this week, 60% of all new apartment rental contracts are based on rental fees linked to the cost-of-living index rather than the dollar, because apartment owners who have been hurt by the falling dollar exchange rate are no longer willing to be exposed to currency exchange risk.

Prices are like shop windows. The price of a product is the first piece of information available to us. Let us say that a person approaches two lawyers and requests an estimate for legal services. If lawyer A names a price of NIS 500 per hour and lawyer B asks an hourly fee of NIS 1,500, we will initially conclude that lawyer B must be better and more experienced.

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After all, why else would he charge such exorbitant fees?

Because pricing contains both overt and hidden messages, it is very difficult to change without good reason. Merely changing the law – as was done in 2002, when an amendment to the Consumer Protection Law directed businesses

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to present prices in shekels only – is not always enough.

Changes of habit have become possible in recent years only by virtue of the shock that the dollar has undergone – its great weakness against other currencies worldwide, including the shekel.

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People suddenly understood that linkage to the dollar could cost them dearly. They also understood that anyone who calculates his costs in shekels and his revenues

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in dollars is taking an unnecessary risk.

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And when that risk materializes and becomes a large loss, they suddenly become willing to change deeply ingrained habit.

In the big picture, the move from dollar to shekel prices is good news for the Israeli economy. It will create uniformity and increase the ability to compare prices for products and services. Such uniformity is a natural efficiency mechanism, much like the one Europe benefited from with the advent of the euro currency. Cancelation of dollar linkages will also help stabilize inflation rates during periods of shekel devaluation.

The change is also good news from the point of view of consumers and businesses. In most transactions, it will save the parties unnecessary risk.

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Israel has already accustomed itself to currency changes in the past. The Israeli lira was taken out of circulation in the 1980s and replaced by the “old” shekel (when the shekel equaled 10 lira). The new shekel was introduced in 1985 as part of the economic stabilization program, and its value

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was 1,000 old shekels.

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The currency replacement was meant to instill a new scale of prices in the public consciousness and to help stabilize prices. Now, it seems, events have come full circle. Twenty-two years after the new shekel appeared in our wallets and bank accounts, it has managed to push the dollar out of its last strongholds and truly become the official currency, accepted by all Israeli residents.

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THE FINAL SAY IS A PLUCKING UP WAY!

Tuesday, January 8th, 2008

THE FIN AL S

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AY IS

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A PLUCKING UP WAY!

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Arab Plan Can Open the Way to Syrian

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Control through a Pro-Syrian Lebanese Leader with THE FINAL SAY!

January 8, 2008

http://www.tribulationperiod.com/

If the latest plan, proposed by the Arab League, is eventually accepted by opposing sides in the Lebanese Parliament, it can pave the way for a leader with “the final say,” which in essence is a nice word for dictator.

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The only candidate considered to have a chance at being elected to such a powerful position by both sides is pro-Syrian and pro-Hizbullah. If this plan is accepted, such a constitutional change may open the door for Lebanon to be the country where one of three kings, prophesied in Daniel, was to be eventually subdued by a leader in Syria.

Daniel 7:8 – I considered the horns, and, behold, there came up among them another little horn, before whom there were three of the first horns plucked up by the roots: and, behold, in this horn were eyes like the eyes of man, and a mouth speaking great things.

Daniel 7:24,25 – And the ten horns out of this kingdom are ten kings that shall arise: and another shall rise after them; and he shall be diverse from the first, and he

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shall subdue three kings.

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[25] And he shall speak great words against the most High, and shall wear out the saints of the most High, and think to change times and laws: and they shall be given into his hand until a time and times and the dividing of time.

It will be interesting to see which way the Lebanese Parliament goes on this Arab Proposal. The pro-American majority in the Parliament has literally been worn to a frazzle, through threats and a long chain of the most horrific assassinations imaginable, and their resistance to constant pressure

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has weakened their resolve.

Begin Khaleej Times Article

The ground plan

8 January 2008

Khaleej Times

THE Arab League’s three-point plan for breaking the Lebanese constitutional deadlock has raised hopes for a peaceful settlement of the political issues.

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The Arab world’s efforts to iron out the differences between various parties in Lebanon can also be regarded as a counterpoint to the Western powers’ aggressive stand on Syria whom they accuse of meddling in the internal affairs of Lebanon. The recent diplomatic standoff between Syria and France followed by President Bush’s harsh words against Damascus seemed to only add fuel to fire.

The draft plan does in no way antagonise Syria. The c onsensus

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around Michel Sulaiman, who is regarded as being pro-Syrian, as the presidential candidate has been a positive development and rightly regarded as the first step towards resolving the crisis in the country that has witnessed 11 failed attempts at selecting a president. In fact, Syria shouldn’t be having anything to complain about since the Arab League plans to enhance the president’s powers.

As per the plan drafted by Arab foreign ministers meeting in Cairo, the presidential election will be expedited. It will also be ensured that a national unity government is in place and no party will have the power of veto over any major decision — the president will have

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the final say.

Though the plan does attempt to settle all contentious issues, it remains to be seen how it’s going to be accepted by the opposition group Hezbollah, which declared a few days ago that it will oppose presidential elections if it does not get a third of the Cabinet seats which will enable it to pass or block any major cabinet decision. Hezbollah has responded cautiously to the Arab League plan and has announced that it will prefer to wait and watch. Its leaders have also said that they won’t block any ‘productive’ endeavour to break the impasse.

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Therefore, Arab foreign ministers, who are heading for Beirut this week, will have to walk a tightrope. They have to allay the fears of all the parties concerned regarding power-sharing in Parliament. Though the Arab League seems to have come up with the blueprint for peace, it’s still not clear whether the Arab ministers have hit upon a winning formula.

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They have a tough task ahead of them — making the feuding parties reach a consensus on how the government will be constituted. They have to make efforts to achieve some kind of reconciliation between the Western-backed government and the opposition forces. But one thing is pretty clear — Lebanon, scarred by civil strifes, political assassinations and foreign invasions, cannot afford to slip into further chaos.

FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.

0 cialis comment currently reply

We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

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For more detailed information go to:

http://www.law.cornell.edu/uscode/17/107.shtml.

You may use material originated by this site.

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However, if you wish to use any quoted copyrighted material from this site, which did not originate at this site, for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner from which we extracted it.

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