blog.Tribulationperiod.com

So Long, Wu Long, How Long You ‘Gonna’ Be Gone?

Bye, Bye, Egyptian, Saudi, and Jordanian Leaders.

Days numbered as Arab Presidents and Kings

When Antichrist His Caliphate does Bring?

October 13, 2008

http://www.tribulationperiod.com/

Before considering this Blog, please consider the Blog we issued last year on August 29 on the same subject, which immediately follows, and in turn has today’s Blog following it.

Begin Excerpt from Daily Star of Blog issued August 29, 2007

Saudi Arabia, Egypt, and Jordan not among the 10 horns of Daniel 7!

August 29, 2007

http://www.tribulationperiod.com/

I have been contending for some 33 years that Saudi Arabia, Jordan, and Egypt would not be among the 10 toes and 10 horns found in the Second and Seventh Chapters of the Book of Daniel.

There are several reasons I have consistently maintained this position and the individual reasons for each country are sprinkled throughout our Archives, but there is one reason that is paramount, which applies to all three. Simply this – They are too buddy-buddy with the United States,

and any major Jihad attack plans would be guarded to the death in order to prohibit such information from leaking to any one of these three Islamic countries.

The fact that Egypt and Jordan signed peace agreements with Israel is looked upon as a betrayal of Islamic Law by Syria, Iran, and Iraq, and Saudi Arabia’s rulers playing “footsy” with the United States is considered an act of betrayal to Jihad.

The latest Daily Star staff article, which follows, attests to the scalding comments of Saudi Arabia against Syria that have certainly added fuel to a fire which will not allow the Saudis to be privy to any secret plans of Jihad.

Begin The Daily Star Article

Daily Star staff

Friday, August 24, 2007

BEIRUT: Riyadh-based Oukaz lashed out at the Syrian regime Tuesday accusing it of having plotted the assassination of Lebanese politicians starting with Druze leader Kamal Jumblatt.

“For the last 30 years Syria has set up a clear-cut plan to systematically kill Lebanese leaders to incite strife among various Lebanese sects, and consequently reinforce its presence and role in Lebanon,

” the newspaper said

The Saudi daily has published in its Tuesday issue a special report from Beirut tackl

ing the role of Syria in Lebanon since 1975.

The daily described the current Syrian regime as “a regime of slaying and slaughter,” and accused it of making use “of all possible means to restore its influence in Lebanon after their withdrawal in April 2005.”

“The Syrian regime has long worked on inciting hatred and conflicts among the Lebanese and has currently created what could be labeled as ‘death teams’ to silence anyone who dares to speak against Syrian influence in Lebanon,” Oukaz reported.

The daily blamed Syria for plotting all the assassinations of March 14 figure which took place following the assassination of former Premier Rafik Hariri. Oukaz also accused Syria of killing former presidents Bashir Gemayel and Rene Mouawad.

http://www.dailystar.com.lb

Tensions between Saudi Arabia and Syria escalated in the last week or so because of discord over Lebanon.

Syrian Vice President Farouq al-Sharaa said last week the kingdom’s regional influence was in a state of paralysis. Riyadh snapped back saying Damascus was trying to incite disorder and conflicts in the region.

Relations between the two countries deteriorated after the February 2005 Hariri assassination, which ultimately led to Syria’s withdrawal of its troops from Lebanon after a three-decade military presence.

“The Syrian regime has brought nothing but harm to the Lebanese as well as the Palestinians in Lebanon; fueling inter-Lebanese and Lebanese-Palestinian skirmishes in an attempt to boost its role in Lebanon,” the daily said. – The Daily Star

End Excerpt from Daily Star in Blog of August 29, 2007

Continue Heading of Current October 13, 2008 Blog

When Antichrist attacks Israel to begin the final war of the Gentile age, Saudi Arabia, Jordan, and Egypt will be among the many Islamic states which will have internal coups within themselves, in which their current kings and presidents will be removed from power by assassination or by flight from their countries. They are three of many countries referred to in Daniel 11:40,41.

Daniel 11:40,41 – And at the time of the end shall the king of the south push at him: and the king of the north shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over. [41] He shall enter also into the glorious land, and many countries shall be overthrown:

Begin Excerpt from Asia Times via World News

Syria plays hardball with the Saudis

By Sami Moubayed

October 11, 2008

DAMASCUS – In a further sign of just how low Syrian-Saudi Arabian relations have sunk, Syrian authorities have banned the distribution of al-Hayat, the Saudi-owned mass circulation Arab daily.

The step came nearly two years after al-Sharq al-Awsat, another Saudi daily, was banned from Syria for running articles that were considered critical of the Syrian government during the Israeli war in Lebanon in 2006.

Subsequently, the Syrians hailed Hezbollah in Lebanon as a resistance organization while the Saudis criticized it because of its links to Iran, claiming that Hezbollah leader Hassan Nasrallah was an “adventurer”.

President Bashar al-Assad snapped back in a speech that those who had conspired against Hezbollah in the Arab world (in clear reference to Saudi Arabia) were “half-men”.

The cold war between Damascus and Riyadh continued

between 2006-2008, over a variety of issues related to influence in Lebanon, Iraq and to a lesser extent, Palestine. The Syrians challenged Saudi Arabia by cementing their relationship with Iran, arguing that while the Iranians were supporting Syria’s positions with regard to its standoff with the United States, the Saudis were only adding insult to injury by applying pressure on Washington to keep the heat on Damascus and engaging in dirty intelligence tricks with the aim of destabilizing Syria.

Syria challenged the Saudis in Beirut – and won a military confrontation between Hezbollah and the Saudis’ Hariri bloc last May. Meanwhile, the Saudis started playing the dangerous game of turning a blind eye to jihadis wanting to wage war on Syria. While Saudi Arabia’s official policy remained critical of Syria, a certain branch in the Saudi royal family still harbored ambitions to topple the Syrian government altogether and replace it with pro-Saudi opposition figures like former vice president Abdul Halim Khaddam.

Tension was further elevated when terror struck in the heart of Damascus on September 27. A suicide bomber loaded with 200 kilograms of explosives killed 17 Syrians and injured between 15 to 40 civilians. Saudi Arabia was the only country in the Arab world that refused to condemn the attack, although it was harshly criticized by France, Russia and even the US.

The Saudi press continued to write negatively about Syria, explaining why the Syrians decided to ban the distribution of al-Hayat, the only surviving Saudi daily on Syrian newsstands. Coinciding with Syria’s decision came the resignation of Ibrahim Hamidi, the newspaper’s bureau chief and senior correspondent in Syria.

Hamidi, who had served as al-Hayat’s man in Damascus since the early 1990s, was quoted saying, “I couldn’t take it anymore. I terminated my work with al-Hayat because I cannot be a part of a newspaper that is engaged in a systematic campaign against Syria.”

Although it became clear to everybody – France being first on the list – that the Saudis were not getting the upper hand in Beirut politics, Lebanon remained closely allied to Riyadh, due to the personal and financial bond between Saad Hariri, the parliamentary majority leader, and the House of Saud.

One of the first to realize that the Syrians are overpowering the Saudis in Lebanon was Druze leader Walid Jumblatt, a strongman of the March 14 Coalition. He realized that the US-imposed isolation of Syria has crumbled, after Bashar Al Assad’s visit to Paris in July 2008. The Turks and the Qataris are firmly behind Syria in its indirect peace talks with Israel, a strong counterbalance to the Saudis, which might result in a peace treaty as of mid-2009. If that happens, the Hariri Tribunal (on which the Saudis had placed high hopes) will be consigned to history.

The US administration, wrapped in controversy in Iraq, is clearly uninterested in regime change in Syria, as was the case several years ago. Their ally, Abdul-Halim Khaddam, has by all accounts ruined himself by betting on the wrong horse in 2005. What’s worse, the Saudi-trained and funded March 14 forces were defeated on the streets of Beirut in May, when they tried to confront Hezbollah.

Within hours, Hezbollah rounded up all militiamen on the payroll of Saudi Arabia and forced the cabinet of Prime Minister Fouad al-Siniora to back down on legislation taken earlier against Hezbollah. It was clear: the US and Saudi Arabia lost the war for Beirut, and Syria and Iran won.

When fighting shifted to the Druze villages on Mount Lebanon, Hezbollah fighters encircled Jumblatt’s home – despite all the backing he had from the Saudis – but did not invade it. He got on the telephone with speaker Nabih Berri (who is pro-Syrian and strongly allied to Iran) and said, “Tell Sayed Hassan Nasrallah I lost the battle and he wins.

So let’s sit and talk to reach a compromise.”

Last month, Jumblatt went further, accusing Hariri in the Beirut daily al-Akhbar of building a militia and allying himself with Islamic hardliners. Speaking about the arms of the Hariri team, Jumblatt said, “To form a militia today? To face whom? Hezbollah? This is crazy.”

More recently, what worried both the Saudis and Jumblatt was the semi-rapprochement that started developing between Syria

and the US. Last month, Syrian Foreign Minister Walid Mouallem met with Secretary of State Condoleezza Rice, at her request, and discussed a variety of issues related to the Middle East.

That was the second meeting between both ministers since May 2007. According to the Syrian minister, Rice showed willingness to support Syrian-Israeli peace, a u-turn in the American position, which until now, has been uninterested in the indirect talks taking place in Turkey.

This week, the Doha-based al-Jazeera news agency quoted American “sources” saying that they were reconsidering their policies towards Syria during what remains of the George W Bush administration. A “senior US official” was quoted repeating exactly that on Israeli radio, adding that this would lead to the lifting of sanctions imposed on Syria by

the Bush administration since 2003.

The Syrians believe, although they have not said it bluntly, that the Saudis are furious at Syria’s repeated diplomatic successes. Eager for vengeance, they are now financing Islamic fundamentalism in Lebanon to strike at both Hezbollah and Syria and have not yet digested the outcomes of May 2008.

Assad said that the sectarian violence taking place in northern Lebanon was dangerous to Syria. Many believe that the suicide bomber who detonated a bomb in Damascus was a product of a fanatical group trained and created in Lebanon. That might explain why the Syrians amassed thousands of troops on their border with Lebanon, to prevent the influx of jihadi fighters to Syria.

If Saudi Arabia was not guilty of the September 27 attack, it certainly looked and acted guilty by refusing to say anything about it.

Meanwhile, the Saudis, frantic to save their positions in Lebanon, had already started pumping money to build a Sunni armed movement to confront Hezbollah if matters escalated once again. Earlier in May 2007, veteran US journalist Seymour Hersh claimed that they had co-created Fatah al-Islam, a fundamentalist group to fight the Shi’ites in Lebanon.

It grew out of control, just as the case with al-Qaeda (which was created with the aim of fighting the Soviets) and turned its arms against the Lebanese state, resulting in grinding battles in the Naher al-Bared refugee camp in northern Lebanon.

Earlier last year, the UN prosecutor in the Hariri affair, Serge Brammertz, noted that the suicide bomber who killed Rafik al-Hariri in February 2005 was neither Lebanese, nor Syrian. Rather, he came from a “hot district” which was believed by many to be a clear reference to one of the Gulf countries, possibly Saudi Arabia.

The bomber, according to Brammertz, had spent only about four months of his life in Lebanon and nearly 10 years in a “rural area”, possibly the mountains of Afghanistan.

After all, hundreds of Saudis lived there when working with the United States to combat the Soviet invasion in the 1980s. That shed light once more on Saudi jihadis in Lebanon.

The Syrians realize just how dangerous it is for the Saudis to be flirting with radical fundamentalists, because this can set the entire region ablaze. After all, it has already been revealed (by a US source in the Los Angeles Times) that 45% of all foreign fighters in Iraq were coming from Saudi Arabia, 50% of them arriving in Baghdad, “ready-to-explode”.

Sami Askari, a senior advisor to Iraqi Prime Minister Nuri al-Maliki, confirmed the accusations, saying, “The fact of the matter is that Saudi Arabia has strong intelligence resources, and it would be hard to think that they are not aware of what is going on [in Iraq].”

Saudi journalist Faris bin Khuzam, writing for the Saudi daily al-Riyadh, put the number of Saudi jihadis in Lebanon operating from Naher al-Bared at 300.

He claims they were “lured” into a battlefield “other than the one they wanted”, saying that they had plans to fight the Americans in Iraq, and ended up in Tripoli.

The reason, he explained, is tight security on the Syrian border (in addition to the Saudi border) preventing them from making a breakthrough into war-torn Iraq. Instead, they found their way into Lebanon and stayed for what initially seemed to be a temporary transit period.

“Gradually the pendulum shifted,” Khuzam wrote, adding that “they were told that the road to Jerusalem runs through here [Naher al-Bared]”. He concluded, “They chose the Saudi dream that Osama bin Laden could not fulfill.”

When the battle of Naher al-Bared ended in 2007, it was revealed that 43 Saudi jihadis had been rounded up from Fatah al-Islam in Tripoli, while others could be found in the Ain al-Hilweh camp near Sidon. According to Hersh, “The idea [is] that the Saudis promised they could control the jihadis, so we [US] spent a lot of money and time … using and supporting the jihadis to help us beat the Russians in Afghanistan, and they turned on us. And we have the same pattern, not as if there’s any lessons learned, the same pattern, using the Saudis again to support jihadis.”

The Saudis, Hersh said, were telling the Americans, “It’s not that we don’t want the Salafis to throw bombs, it’s who they throw them at – Hezbollah, [Iraqi Shi’ite cleric] Muqtada al-Sadr and the Syrians, if they continue to work with Hezbollah and Iran.” In a famous CNN interview, Hersh added, “The enemy of our enemy is our friend, just as the jihadi groups in Lebanon were also there to go after [Hezbollah leader Hassan] Nasrallah. We’re in the business of creating in some places, Lebanon in particular, sectarian violence.”

Sami Moubayed is a Syrian political analyst

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Hamas Halloween Holocaust to Israel!

A Hamas Online Course for Making Gifts

To be personally delivered on Halloween

By Satan’s little Palestinian terrorist Elves.

All The Elements For Assembly & Wrapping

Are supplied by cute little demons from Iran!

Ahmadinejad is a favorite Demon of the Devil,

In the Euphrates valley, seat of Satan’s Power,

With Tentacles Going To Syria-Hizbullah-Hamas!

October 12, 2008

http://www.tribulationperiod.com/

Revelation 16:10-16 – And the fifth angel poured out his vial upon the seat of the beast; and his kingdom was full of darkness; and they gnawed their tongues for pain, [11] And blasphemed the God of heaven because of their pains and their sores, and repented not of their deeds. [12] And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared.

[13] And I saw three unclean spirits like frogs come out of the mouth of the dragon, and out of the mouth of the beast, and out of the mouth of the false prophet. [14] For they are the spirits of devils, working miracles, which go forth unto the kings of the earth and of the whole world, to gather them to the battle of that great day of God Almighty. [15] Behold, I come as a thief. Blessed is he that watc

heth, and keepeth his garments, lest he walk naked, and they see his shame. [16] And he gathered them together into a place called in the Hebrew tongue Armageddon.

Begin Excerpt from Arutz Sheva

Hamas Offering Online Courses in Practical Jihad

8 Tishrei 5769, 07 October 08 05:13

By Nissan Ratzlav-Katz

(IsraelNN.com) The Islamist Hamas terrorist organization has initiated an online course in explosives, military weapons and tactics for would-be jihad fighters. Aimed at the population of the Palestinian Authority, the course is called “Get Ready” and is designed to prepare the population for war with Israel.

First exposed outside Palestinian Authority and jihadist circles on Monday by Israel’s Channel 10 TV, the sophisticated course includes highly detailed practical and theoretical lessons, as well

as sample videos of jihadist attacks.

All manner of weapons are described, analyzed and their proper use explained by masked Hamas instructors.

Students also learn about such things as the manufacture and detonation of explosives, the functioning of rocket launchers, weak points on IDF tanks, and the physics of firing at a moving vehicle.

Lessons cover possible scenarios such as an IDF ground incursion into Hamas-controlled Gaza or an airborne Israeli commando assault.

Each instructive section concludes with test questions.

For example, a fatigues-wearing Hamas teacher asks, “A truck is moving at a rate of 15 meters per second, at a distance of 200 meters, from left to right. How will you succeed in hitting this truck?”

In its report, the Channel 10 corespondent speculated that the instruction was not only intended to teach Hamas members to more effectively fight Israel, but also to prepare them for confrontation with the rival PA terrorist movement, Fatah. Such a confrontation has already occurred periodically in recent years, but Hamas hopes that an armed clash with PA Chairman’s Fatah forces in Judea and Samaria would end with the Islamists in control of the entire PA.

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Welfare States Cry the Loudest!

Some Notorious “Welfare” States now asking U.S. Taxpayers to foot the huge state deficits generated by their many long standing extravagant welfare Programs!

October 11, 2008

http://www.tribulationperiod.com/

The state of California has long been recognized as one of the leaders in state welfare programs, which has created a large part of its well known financial problems. The northeastern U.S. states have also not been far behind California in their well meaning, but fiscally unbalanced desire to make the middle working class and the non-working class equality to fit the so-called American dream of equality. Unfortunately, if all the wealth in the United States was equally distributed to each adult, one would find that twenty years later the nation would have retuned once again to inequity – the same ones would have struggled back into the working middle class, and the same ones would have descended into the non-working class. Those who have risen out of the non-working class into the middle class have done so through diversity and struggle. They are the type of men and women who rise above their poverty by honest endeavor to have a better life. I am very much afraid that the plan we will see Obama institute, if is he is elected President, will distribute the wealth from the working taxpayers to the nonworking non-taxpaying segment of the American society. Obama has deliberately targeted the young (non-taxpayers) and welfare recipients (non-taxpayers) in order to win the election. The huge percentage of votes which will be received by Obama from non-taxpayers in November is going to put him in office unless all the taxpayers show up at the polls and vote. A Robin Hood plan of robbing the rich and giving to the poor has great emotional appeal, but it will only bring anarchy, chaos, and eventually it will finish this country’s greatness.

I could care less about sex, race, color, or creed of the candidates in this election, and while I enjoyed the reading of the exploits of the mythical Robin Hood in my youth, it is not a good program to rob the rich to give to the poor. I simply am convinced Obama’s statement he will only take from the richest is ridiculous. It will come from both the middle class and the so called “richest.”

This Saturday morning, as I type this article, my vanity is hoping I am right about the prediction I made, when all this started, that the Dow Industrial Average would not fall below 7000 and, that after wild swings up and down, it would likely eventually rise back to 11000 by year’s end, but I must admit that is pure speculation on my part. It is possible this thing could go either way. But of this I am certain, if Obama is our next President, during his term in office the implementation of his plans will help the next slide of the Dow Industrial Average to begin earlier than if McCain is elected. However, we are living on borrowed time. I am convinced the final war of this age will begin at some point in time between 2010 and 2015, and close the Age of the Gentiles with its final battle of Armageddon some three and one-half years later.

The two excerpts which follow give a good overall view of the present world financial crisis.

Begin Excerpt from Associated Press via Jerusalem Post

US states cut spending, delay projects

October 9, 2008

Associated Press , THE JERUSALEM POST

With the economy in a slide and the credit markets seized up, US states are slashing budgets, eliminating jobs, putting major construction projects on hold and nervously waiting to see whether their shriveled pension funds recover.

They are also weighing lawsuits against Wall Street firms. And at least one state – California – may ask Washington to come to the rescue.

Gov. Arnold Schwarzenegger warned he may have to beg the federal government for a short-term loan to cover operating costs for schools, nursing homes and police if the nation’s most populous state is unable to borrow a short-term $7 billion on the credit market.

Dozens of states are expecting big drop-offs in revenue and dispiriting pension-fund losses, and are making another round of emergency spending cuts on top of deep cutbacks earlier in the year, when the economy began softening and the mortgage crisis started to unfold.

New York, the capital of the US financial industry, is grappling with the highest unemployment rate since the Sept. 11, 2001, terror attacks and a $1.2 billion deficit that could balloon to $2 billion by the end of the fiscal year March 31.

“We’re going to have to take drastic action,” Gov. David Paterson said.

In Massachusetts, Gov. Deval Patrick may ask state lawmakers for the power to make midyear cuts to close a $223 million budget gap. Massachusetts also saw its pension fund shrink by nearly $4 billion in September alone to about $46 billion.

States such as Massachusetts, Indiana, Washington, Pennsylvania and Colorado are either putting a freeze on hiring or hoping to reduce their payroll through attrition.

With tax revenue expected to fall at least $2.5 billion short of previous estimates, Virginia Gov. Tim Kaine ordered 570 layoffs, cut college funding by at least 5 percent and postponed state employee raises from next month until next summer.

Washington Gov. Chris Gregoire suspended the early stages of a program that would give employees paid family leave.

Massachusetts successfully sold $750 million in bonds to pay state bills this week, but only after twice delaying the sale because of the paralyzed credit market.

In some states, the fiscal woes have bubbled over into anger and threats of lawsuits.

West Virginia’s governor has asked his staff to res

earch possible legal action after the state suffered deep losses in pension funds with holdings in Wall Street players like AIG, Fannie Mae, Freddie Mac, Lehman Brothers, Merrill Lynch and Washington Mutual.

“I want somebody to pay,” Gov. Joe Manchin said. “It’s outrageous. We should be looking at the people who walked away with the money.”

New Jersey investment chief William Clark said the state pension board is considering legal action against Lehman Brothers after the state bought about $180 million of Lehman stock in June and sold it for a loss of about $100 million.

The attorneys general and Connecticut and other states are investigating investment banks for alleged misleading and deceptive statements regarding sales of mortgage-backed securities. Connecticut also sued three of the nation’s leading credit rating firms, accusing them of giving artificially low ratings to cities and towns.

Begin Excerpt from DEBKAfile Special Analysis

Rescue the Old World Financial Order or Build a New One

DEBKAfile Special Analysis

October 11, 2008, 2:08 PM (GMT+02:00)

This weekend sees make-or-break efforts by Western finance ministers and international financial institutions to produce a plan that will drag their economies back into equilibrium before the world’ s market

s open Monday, Oct. 13. They are working to the dread drumbeats of turmoil, panicky investors and looming recession, which some economists predict will be more disastrous than the 1930s slump which led to World War II.

Two major rescue plans for the banking and financial systems by the US and UK have fallen short of luring fleeing investors back to the markets.

In seven black days, crashing global indexes led by Wall Street – which tumbled 18 percent and London by 21 percent – followed by Asia, wiped $4.5 trillion off share values world wide. In the UK, it was calculated that one person goes bankrupt every five minutes. Iceland’s entire economy is bankrupt.

The plan on the G7’s table is essentially to partially nationalize almost half of the Western banking system by buying up stakes in troubled banks or shoring up the banking system as a whole.

In their statement Saturday, the G7 said that they were working on a rescue package tailored for each country within a common framework that would include recapitalizing banks, ensuring strong deposit insurance to protect savers and restarting frozen credit and mortgage markets.

Many leading Western economists strongly doubt that these measures will do the trick.

DEBKAfile’s sources note that what the Americans and British have been aiming for until now is to restore investor confidence in the existing financial system by increasing credit, the lifeblood of economies based on the free market.

But matters have gone too far for what is essentially a patching up job. The upheavals of the last two weeks have demonstrated that the entire system is discredited. Trust has been suspended not only in the financial system but in the ability of political leaders to come up with solutions to protect the individual investor and taxpayer.

The partial nationalization of banks in the US and Europe breaks with the rules

of the free market, of which the United States is the global epitome – a major factor in its superpower status. While Asia has prospered by embracing free-market practices, resentment is deepening over its shortcomings for which the US is blamed.

The Columbia University Nobel-prize winning economist, Prof.

Joseph Stiglitz told the Washington Post : “People around the world once admired us for our economy and we told them if you want to be like us, here’s what you have to do – hand over power to the market. The point now is that no one has respect for that kind of model anymore given this crisis.”

And of course it raises questions about our credibility. Everyone feels they are suffering because of us.”

The only Western leader to address this problem head-on was Italian prime minister Silvio Berlusconi. At a government session in Rome, Oct. 10, he revealed: “The idea of suspending the markets for the time it takes to rewrite new rules is being discussed.” Berlusconi added: “They can’t just be for one country, or even just for Europe, but global.”

This remark was quickly retracted after a phone call from the White House in Washington, according to our sources, because it opens up the even more problematic question of who is competent to lead the rewriting of the rules. However, the IMF, high priest of the gospel that the market knows best, has already turned around and is calling for more international regulation and oversight on global finance, a further retreat from its basic tenets.

The looming leadership vacuum is fueling financial fears. The US president George W. Bush’s presidency ends in January, Canada faces an election next week, Japan is on its third prime minister in a year; Britain’s Gordon Brown is fighting sliding opinion polls.

Who will therefore lead the transition to a different, or even amended, world financial order? And how credible would a G7 or EU consensus be, given that so many major economic powers including China, Russia, India and Brazil, were excluded from their counsels?

Israel is suffering its own leadership crisis.

Friday night, Ronnie Bar-On, finance minister in the caretaker government headed by Ehud Olmert, went on record again as declaring that Israel’s banks and financial institutions are solid. No Israeli bank is threatened with collapse, he insisted.

The corporate leaders (Lev Leviev, Eliezer Fishman and Nohi Dankner), whose bonds have plummeted on the Tel Aviv stock exchange, are equally sound and will recover, the finance minister stressed.

As for the savers, who have lost 15-20 percent of their assets, they should not complain, said the minister, because in past years their value doubled. All he was willing to admit was that a new period was at hand.

By continuing to pour oil, the minister was gambling. The Tel Aviv Stock exchange opens for business Sunday, Oct. 12, after a six-day suspension due to Yom Kippur running into Saturday. It is unlikely that this market will sail unscathed through the global turbulence.

Bar-On may have reason to regret that he did not announce an emergency plan in good time to protect savers and holders of pension funds, if not the banks.

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from which we extracted it.

Happy Fall Holidays!

SEASON OF PIRATES!

PIRATES IN BUSINESS!

PIRACY IN GOVERMENT!

PIRACY ON WALL STREET!

PIRATES ON THE HIGH SEAS!

Islamic Pirates Now Singing Out!

Yo-Ho-Ho for $20 Mil Bottle of Rum!

Oh My—–TV Car 54!—–Where Are You,

Russian Fearless Frigate, Where ARE You,

While 30 million bucks of Russian Military Arms,

Are Anchored Off Somalia Coast for Islamic Militias?

I suppose one might be tempted to fear perilous Times!

October 11, 2008

http://www.tribulationperiod.com/

II Timothy 3:1 –This know also, that in the last days perilous times shall come.

II Peter 3:3,4,8,9 – Knowing this first, that there shall come in the last days scoffers, walking after their own lusts, [4] And saying, Where is the promise of his coming? for since the fathers fell asleep, all things continue as they were from the beginning of the creation. [8] But, beloved, be not ignorant of this one thing, that one day is with the Lord as a thousand years, and a thousand years as one day. [9] The Lord is not slack concerning his promise, as some men count slackness; but is longsuffering to us-ward, not willing that any should perish, but that all should come to repentance.

Psalm 2:1-6 – Why do the hea

then rage, and the people imagine a vain thing? [2] The kings of the earth set themselves, and the rulers take counsel together, against the Lord, and against his anointed, saying, [3] Let us break their bands asunder, and cast away their cords from us. [4] He that sitteth in the heavens shall laugh: the Lord shall have them in derision. [5] Then shall he speak unto them in his wrath, and vex

them in his sore displeasure. [6] Yet have I set my king upon my holy hill of Zion.

As I indicated in previous Blogs, the present financial crisis, after much fear and anxiety, will level off next week, and probably get back up above 10,000 before year’s end and stay there, but ups and downs will stay with us for quite a while. However, the Tribulation Period, which I believe will begin at some point in time between 2010 and 2015, will put the Stock Market out of business before it ends at Armageddon.

Begin Excerpt from New Zealand via Associated Press

G7 nations pledge to fight financial crisis

12:07PM Saturday Oct 11, 2008

WASHINGTON – Finance officials from the world’s top economic powers have pledged action to combat the worst financial crisis in more than half a century.

The officials from the so-called Group of Seven countries issued a five-point plan aimed at unfreezing a credit crisis that has unhinged Wall Street and markets around the globe.

The group pledged to take “decisive action and use all available tools” to battle the crisis.

Under the plan, the countries pledged to protect major banks and to prevent their failure. They also committed to working to get credit flowing more freely, support the efforts of banks to raise money from both public and private sources, bolster deposit insurance and revive the battered mortgage financing market.

U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, America’s central banker, met with their counterparts from the world’s six other richest countries as the rout of financial markets sped ahead in the face of dramatic rescue efforts in the United States and abroad.

Besides the United States, the other members of the G7 meeting in Washington are Japan, Germany, Britain, France, Italy and Canada.

Fear has tightened its grip on investors worldwide even as the United States and other countries have taken a series of radical actions including unprecedented, coordinated interest rate cuts by the Federal Reserve and other major central banks.

On Wall Street, the Dow Jones industrials, already down 21 percent for the week, dropped nearly 700 points more in the opening minutes but made up much of that fresh loss in the last hour of trading. The index finished down 128 points to end its worst week ever.

Stock markets in Europe and Asia also took another plunge on Friday.

Begin Excerpt from DEBKAfile Weekly Exclusive

NATO stirred into anti-piracy action by overlap with E. African jihadist terror

DEBKA-Net-Weekly Exclusive

October 9, 2008, 6:11 PM (GMT+02:00)

On Oct. 3, DEBKA-Net-Weekly 367 reported that the capture of the Ukrainian arms vessel, Faina, had placed Somali piracy at the center of the war on terror. This development is beginning to stir the world powers into action against the long-running scourge. On Oct. 9, sixteen days after the Faina’s capture, NATO defense ministers meeting in Budapest finally agreed to send warships “soon” to Somali waters to safeguard vessels threatened by pirates

Six more ships were hit in the last week

The DEBKA-Net-Weekly exclusive is summarized here.

Some East African counter-terror sources report that, while previous Ukrainian arms shipments were covertly diverted from Kenya to Darfur, some also reached the hands of Islamic militias in Somalia, who are ruled by the notorious Abdullah Mohamed Fazul, the slippery al Qaeda chief in East Africa. He has been on the run for two decades since masterminding the 1998 attacks on US East African embassies, but this has not stopped him engaging in terrorist activity.

During August and September,

Fazul was on the move, sighted in such places as Mombasa, Kenya, and the coastal town of Malindi. There, some sources report he negotiated the purchase of part of the Faina cargo from its Kenyan buyers. He need the arms to share out between his Somali insurgent following and the cells associated with al Qaeda in Uganda and Tanzania.

On Sept. 15, Ugandan security agencies went on high alert following intelligence reports that the wanted man may have been planning an attack in reprisal for Kampala’s support for African Union peacekeeping operations in Somalia. Fazul was said to be recruiting. The entire East African region went on alert to net al Qaeda’s East African mastermind who, unlike his master, Osama bin Laden, does not keep his head down but flits from place to place.

According to one theory prevalent in counter-terror agencies, Fazul was short of funds for buying the Faina’s entire arms cargo, so he traded off with a tip-off to the pirates of the approaching arms vessel on the understanding that his men would receive part of the shipment at cut price.

The USS Howard guided missile destroyer and several other Western warships have been standing by for 10 days monitoring movements aboard and around the Faina at anchor 7 miles from the Somali port of Hobyo, a stronghold of the local Islamic Resistance Movement which is linked to al Qaeda. It has been fighting for nearly two years to overthrow the Mogadishu government.

The US destroyer’s captain is under orders not to move in unless an attempt is made to offload the $30 m worth cargo of 33 T-72 tanks, RPG rocket-propelled grenades, ZU-23 automatic anti-air guns or let it reach the Islamist terrorists on shore.

Although Moscow first announced the missile frigate Neustrashimy (Fearless) was speeding to the rescue, the warship has not yet arrived.

DEBKAfile’s military sources add that the frigate is meanwhile escorting a Russian flotilla led by the Peter the Great around the ports of Libya and Syria. Only then, will it head to Somalia.

Begin Excerpt from BBC News

Pirates threaten to blow up ship

Somali pirates holding a Ukrainian ship with a cargo of military tanks off the Somali coast have threatened to blow it up if they are not paid a ransom.

A pirate spokesman told news agencies by satellite telephone that the ransom of $20m (£12m) must be paid by Monday night or the ship would be destroyed.

He said the pirates were ready to die along with the crew.

US warships have surrounded the MV Faina and a Russian frigate is on its way to help in the operation.

The Kenya-bound ship, together with its mainly Ukrainian crew of 21 and cargo of 33 tanks, was seized on 25 September.

One member of the crew, believed to be Russian, died of a stroke shortly afterwards.

‘Three days’

“We held a consultative meeting for more than three hours today and decided to blow up the ship and its cargo – us included – if the ship owners did not meet our ransom demand,” Sugule Ali told the Associated Press from aboard the vessel.

“After three days, starting from tomorrow, the news of the ship will be closed.

Either we achieve our goal and get the ransom or perish along with the ship, its crew and cargo.”

The pirate spokesman repeated the ultimatum in a conversation with the Spanish news agency Efe.

Piracy is rife in the busy shipping lanes near to Somalia’s coast and along the Gulf of Aden, where dozens of boats have been hijacked this year.

Somalia has lacked a functioning central government since 1991 and has been afflicted by continual civil strife.

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Just HOW LOW Will the Stock Market SINK?

I Have Received Numerous QUERIES On THIS!

I believe the Industrial Average WON’T go Below

7000 And, After Wild Ups And Downs, Will Stabilize

Next week between 8000 & 9000 as crisis fears Drop,

Wild Swings Will Continue for Some Time, but I Suspect

It Will Climb Over 10000 by the Dawn of the Coming Year,

But it will never again be quite the same and, at some Point

In time between 2010 and 2015, it will sink to a historical Low,

Finally going Out of Existence before the Tribulation Period Ends!

October 10, 2008

http://www.tribulationperiod.com/

Begin Excerpt from Associated Press via The Jerusalem Post

W all Street

sell-off spreads worldwide

October 10, 2008

Associated Press , THE JERUSALEM POST

Stock prices in Asia and Europe careened lower Friday, extending a stampede of selling that began in on Wall Street a day earlier, deepening a global financial crisis that has defied all efforts to stop it.

This week’s coordinated interest rate cuts by the world’s central banks to thaw frozen credit markets and boost investor confidence have fallen flat as markets remain gripped by fears about the scale and depth of the likely global recession.

The Wall Street Journal reported that government officials are considering temporarily guaranteeing all US bank deposits and billions of dollars of bank debt, in addition to possibly buying stakes in individual banks.

The New York Times also said officials are reviewing a British proposal that also includes repayment guarantees for certain types of loans.

Administration officials told The Associated Press that several financial rescue plans are being reviewed, but no announcements are likely before finance ministers from the seven biggest industrial nations meet Friday in Washington.

The $700 billion federal bailout legislation enacted on Oct. 3 cleared the way for the government insurance limit for bank deposits to be temporarily raised from $100,000 to $250,000 in cases where bank or savings and loans fail. That guarantee covered $5.2 trillion of deposits, but another $1.8 trillion is not presently covered, according to the Wall Street Journal.

But a Treasury Department official, who spoke on condition of anonymity because of the sensitive nature of market conditions, said covering all deposits is not now being considered. “We raised the limit one week ago and have no plans to remove the limit,” the official said.

Thursday’s anniversary of the US stock market peak turned into one of the worst days in Wall Street history, with the Dow Jones industrials loosing a breathtaking 679 points, or 7.3 percent.

Asian markets followed Wall Street’s cue, as key market gauges dropped 9.6 percent in Japan, 8 percent in India and 7.2 percent in Hong Kong.

European stocks slumped by midday with key market barometers losing 7.3 percent in London, 7.7 percent in Germany and 7.5 percent in Paris.

A stream of selling forced exchanges in Austria, Russia and Indonesia to suspend trading, and the rout in Australian markets caused traders to call it “Black Friday.” US stock futures pointed toward a sharply lower opening Friday.

“Overall it’s the fact that despite the huge firefighting efforts of central banks worldwide we still haven’t seen any thawing of interbank lending that is going to be causing the most concern now,” said Matt Buckled, a dealer at CMC Markets in London.

The late burst of selling Thursday on Wall Street sent the Dow Jones industrials down to 8,579, crashing through the 9,000 level for the first time in five years and wiping out $872 billion of investment value.

As bad as the day was, even worse was the cumulative effect of a historic run of declines: The Dow suffered a triple-digit loss for the sixth day in a row, a first, and the average dropped for the seventh day in a row, a losing streak not seen since 2002.

“Right now the market is just panicked,” said David Whys, chief economist at Standard & Poor’s in New York. “Nobody wants to take on any risk. Everybody just wants to get their money and put it under the mattress.”

Thursday’s sell-off on Wall Street took place one year to the day after the Dow closed at its record high of 14,164.

Since that day, frozen credit, record foreclosures, cascading job losses and outright fear have seized the market and sapped 39 percent of its value.

Paper losses for the year add up to an staggering $8.3 trillion, according to preliminary figures measured by the Dow Jones Wiltshire 5000 Composite Index, which tracks 5,000 US-based companies representing almost all stocks traded in America.

It was the second straight day that Wall Street was rocked by a final-hour sell-off, but this one was particularly shocking.

Most of the day was relatively calm, and the trading floor was quieter than usual because of Yom Kippur. Wall Street awoke to news the federal government was brandishing a new weapon against the financial crisis – considering seeking an equity stake in major US banks in order to stabilize them.

But that step appeared to be as ineffectual as the others Washington has rolled out in recent weeks, including a $700 billion bailout of the financial industry, a coordinated interest rate cut by central banks around the world and direct lending by the Federal Reserve to private companies to provide them with short-term cash.

Acquiring a stake in the banks would be yet another startling intervention by the government in the free market, but economists said President Bush was left with little choice because of the credit markets, where tight lending has choked off the everyday cash that is the lifeblood of the economy.

“In normal times, this would be out of the question, but in the present dire situation, I think the government should be employing all the powers that it can,” said Sung Won Shone, an economics professor at California State University, Ch

annel Islands.

Wall Street has been teetering on the brink of panic for a month now, vulnerable to any bad news. Thursday’s sell-off was triggered when a major credit rating agency put General Motors Corp.

and its finance affiliate under review to determine whether it should be downgraded.

Stock in GM, one of the 30 components of the Dow Jones industrials, lost 31 percent of its value and closed at $4.76 – its lowest level since the Korean War began more than a half century ago.

On Thursday, the Dow was above 9,200 after 1:30 p.m. and still above 9,000 after 3 p.m. The pressure to sell was so intense that the Dow kept dropping precipitously for 10 minutes after the 4 p.m. closing bell as the day’s losses were tabulated.

In percentage terms, the drop in the Dow exceeded the day the markets reopened after the Sept. 11, 2001, terrorist attacks. It was not close to the 22.6-percent decline on Black Monday in 1987, the last stock market crash.

Still, it is becoming increasingly clear that Washington has ever fewer places to reach in its toolbox to stop, or perhaps even slow, the crisis.

Among the options still left are buying up foreclosed properties and making direct loans to homeowners, both of them hard for free-market supporters to swallow.

Speaking in the afternoon before the market closed, President George W. Bush told an audience on the South Lawn of the White House that the economy was going through a “very touch stretch.”

But, he said: “I’m confident in our economy’s long-term prospects.”

After the market closed, the White House said Americans should remain confident despite the market plunge, and Bush planned to speak from the Rose Garden on Friday morning – though he was not expected to unveil any new policy proposals.

“The Treasury Department is moving quickly to use new tools to improve liquidity, which is the root cause of this problem,” White House press secretary Dana Perino said.

“Americans should be confident that every effort is being taken to stabilize our markets.”

Meanwhile, the credit markets remained stubbornly locked-up. The benchmark rate that banks charge each other for loans, known as Libor, rose to 4.75 percent from 4.52 percent a day earlier, signaling banks are still afraid to make loans because they worry they won’t be paid back.

Adding to Wall Street’s nervousness, a ban on short selling – a process in which investors borrow shares of stock and essentially bet the value will fall – expired.

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