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October 2008 Issue

Economics Undone
Oct 1st, 2008
By Carl Teichrib - July 2008

During the past fourteen months, the threat of economic uncertainty has permeated the business and financial communities. From the American sub-prime crisis to the globally expanding costs of energy and food, it’s evident that a major shake-up is in the works, and this economic turbulence has resulted in some very interesting stories. Here are a few that cropped up toward the end of June.

- The Royal Bank of Scotland “has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.”

- Tim Bond, Barclays Capital’s chief equity strategist: “We’re in a nasty environment. There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mode and are retreating into our shell. Investors will do well if they can preserve their wealth.... They [central banks] will have to slam on the brakes. There is going to be a deep global recession over the next three years as policy-makers try to get inflation back in the box.”

- Fortis Bank, a major European financial institution, recently recapitalized based on the belief that the United States economy is on the verge of a complete meltdown. Chairman Maurice Lippens, when discussing this recapitalization program, dropped the following bombshell: “We were saved at the last minute. Things in the U.S. are going far worse [than what] people think.”

To better understand the economic condition we find ourselves in, it’s important to provide some essential background. And this includes an often overlooked fact: Economics, politics, and religion are indelibly linked.

The reasoning that drives this thought may be construed as an overgeneralization; nevertheless, there is validity to the argument that cannot be ignored. At the personal and cultural level, morality is based on the impact of historical and contemporary religious convictions, or lack thereof. Furthermore, from a cultural perspective, our worldview and moral standards reflect the way our financial and economic affairs are conducted. This in turn influences the political spectrum, which passes laws and regulations in order to guide behavior in the realm of economics and financial obligations.

Coming full circle, this action reinforces the morality that provided the ethics behind economics. Religion, morality, and politics: all of this frames the national and global economic picture.

So what does this picture look like? For starters, it’s enormous: The interlocking moral, political, and economic landscape is so broad, so vast, so all encompassing, it’s hard to build a case using only one example. The scandals at Enron and WorldCom immediately come to mind. So does the mafia-run Wall Street “chop house” brokerages where organized crime ran illegal funds through the stock market in the 1990s.

And let’s not forget the amazing web of deceit and destruction woven by the BCCI . During the 1980s and early 1990’s, the Bank of Credit and Commerce International acted as the “central banker” for arms merchants, drug traffickers, money launderers, and a myriad of black operations – attracting to it some of the most powerful and nasty players within the international arena.

When the BCCI was finally shut down is was dubbed the “bank of crooks and criminals.” Adding to this is the fact that its depositors included “central banks, governmental organizations, government investment funds, and government officials, involving most of the countries in the world.” By the time the BCCI affair was exposed, a trail of bodies and bomb craters stretched from Latin America to the Middle East and elsewhere.

If anything, BCCI validated the words of the Bible: “For the love of money is a root of all kinds of evil” (1 Timothy 6:10).

But other angles to our economic panorama have to be considered. Richard Ebeling, an economics professor, reminds us of the role that state intervention plays,

“Look around in any direction of our economic and social lives and try to find even one corner of our existence free from some form of direct or indirect government intrusion into our personal and interpersonal affairs. It is practically impossible to find such a corner. Our lives our not our own. They are the property of the state...

"Today, it is not free market forces but political directives that most often influence what goods and services are produced, where and how they are produced, and for what purposes they may be used. Pick up any product in any store anywhere in the United States and you will discover that hundreds of federal and state regulations have actually determined the methods by which it has been manufactured, its quality and content, its packaging and terms of sale, and the conditions under which it may be ‘safely’ used by the purchaser. Buy a tract of land or a building and you will be trapped in a spider’s web of restrictions on how you may use, improve, or sell it. Every facet of our lives is now subject to the whims of the state.

"In an environment in which ‘public policy’ determines individual lives and fortunes, in which social and economic life has become politicized, it is not surprising that many Americans have turned their attention to politics to improve their market position and relative income share. Legalized coercion has become the method by which they get ahead in life. And make no mistake about it: Every income transfer, every tariff or import quota, every business subsidy, every regulation or prohibition on who may compete or how a product may be produced and marketed, and every restraint on the use and transfer of property is an act of coercion.... Over time, interventionism blurs the distinction between what is moral and what is not.”7

All of these issues reflect a moral dilemma that goes beyond basic self-interests (meeting one’s needs): It’s called greed, and the power and ability to feed greed has resulted in the world’s largest growth industry - money.

Speaking of financial greed, Federal Reserve chairman Alan Greenspan made the following statement during a US Senate Banking Committee hearing in 2002.

“An infectious greed seemed to grip much of our business community. Our historical guardians of financial information were overwhelmed. Too many corporate executives sought ways to ‘harvest’ some of those stock market gains. As a result, the highly desirable spread of shareholding and options among business managers perversely created incentives to artificially inflate reported earnings in order to keep stock prices high and rising.... It is not that humans have become any more greedy than in generations past. It is that the avenues to express greed have grown so enormously.”

Greenspan was right; an “infectious greed” has gripped the business community. But in pointing a finger at the corporate sector, three were pointing back at him. For no other business on the planet has mastered the ability to feed greed better than the banking industry. After all, the ultimate power to create wealth or to withhold it isn’t found in the business world, it’s firmly planted in the realm of central banks and commercial lending institutions.

Sir Josiah Stamp understood this. As the former president of one of the world’s most powerful central banks – the Bank of England – and considered the second richest man in England during the 1920s, Mr. Stamp knew the banking world intimately.

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again.

"However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.”

Some readers will be raising their eyebrows; “What does he mean, ‘continue to create deposits’...?”

That’s right: Banks create money. In fact, the vast majority of the money in use isn’t physical cash, but bank designed deposits. Accessing 2006 stats from the US Federal Reserve, author Ellen Brown reports that 3% of the US money supply is in the form of coins and paper-based dollars.

“The other 97 percent is created by commercial banks as loans but in the form of credit and debt-based bank deposits.”

This is sometimes called “checkbook money,” and it’s created through a process called “fractional reserve” banking – a system employed by practically every bank and credit institution. Larry Bates, a former banker and member of the Tennessee House Committee on Banking and Commerce, explains how this works,

“As a former banker, I have literally created millions of dollars out of thin air with the stroke of my pen. It works like this: One day I made a loan to a customer in the amount of $100,000, thereby increasing my assets in loans by $100,000. This customer was a good customer, and I deposited the $100,000 loan proceeds to my customer’s checking account, thereby increasing my liabilities on the liabilities side of my bank ledger by $100,000. At the end of the day when I totaled my statement of condition, by the stroke of my pen I had increased the size of my bank by $100,000.

"All I have to do legally is to keep 10 percent of the $100,000 I deposited to my customer’s checking account, or $10,000 in reserve. I subtract this $10,000 from the $100,000 deposit, and I now loan my next customer $90,000 of their money and repeat the process. The total amount that I can ultimately create is called a ‘multiplier.’ It is determined by a formula which is regulated by the reserve requirement set by the Federal Reserve.

"If you were to have a 10 percent reserve requirement, a simple way to determine the multiplier is to divide 100 by your reserve requirement. In the case of 100 divided by 10 percent reserve, it equals 10, so your multiplier factor is 10. In other words, with a 10 percent reserve requirement, I can take $1,000,000 in new deposits and under fractional reserve banking can parlay that into a maximum of $10,000,000 in newly created money supply.” [emphasis added]

Contrary to what many people think, the world’s currencies are no longer based on a gold standard (hasn’t been for decades), or on any other tangible commodity. It’s built on a massive bubble of debt (credit) and the “faith” of the user that the government will “back it up.” This form of money is known as fiat – currency by government decree, not intrinsic value. Hence, our entire monetary system is now a towering pyramid of irreversible debt built on the foundation of fractional reserve banking.

While this sinks in, we need to briefly explore another economic reality: Monetary inflation and deflation. Simply put, monetary inflation is the expansion of money. The more money created, the less “value” it has and the more prices increase to compensate for this loss in purchasing power. Other issues certainly impact price increases, such as supply and demand, and the spill over of supply/demand also comes into play. General inflation, however, is oriented to an increase in the general money supply.

This is significant, especially when considering the money creating power of banks and the present reality of credit-as-money. Walter Stewart, a Canadian author on banking and finances, recognized this seldom considered linkage.

“The implications are huge. First, there is no effective curb on the amount of money a bank can conjure up in the bowels of a computer, with a few keystrokes, and if that isn’t dangerous, I don’t know what is... Second, there is no longer any effective instrument, other than jacking up interest rates, that the government can use to control inflation.”

“Jacking up interest rates” brings us to another point: deflation. Deflation is the contraction of the general money supply. Now, with less money in circulation, the overall price of goods decreases to reflect the rising value of the more scarce dollars. Dropping prices sounds nice, until you realize that this is a result of less money in everyone’s pocket, including yours and mine.

In our modern system where money is only based on debt – inflationary in its very nature – the effect of raising interest rates is a deflationary step. Higher rates means less loans, less credit, less money. This is what’s known as “tightening up.”

Finding the fine balance between monetary expansion and contraction, especially in light of other market drivers such as supply/demand, trade balances and employment issues, is not an easy task. Yet, this is what a nation’s central bank is supposed to do. Therefore, when a central bank lowers interest rates, and keeps it artificially down to incite growth (spending) – which is what has happened during the last fifteen years – an inflationary imbalance occurs.

For more than a decade this cheap credit has been viewed as a good thing. It’s appealed to our personal greed: Can’t afford the new car? The new house? Buy now and pay for a lifetime. Can’t afford the leather furniture, the big screen TV, the computer? Buy now and pay later with approved financing. Can’t afford the trendy clothes, the meals out, the movies? Put it on plastic.

We’ve all done it; and now our culture is awash in debt and inflated, valueless, credit-based money. The following LendingTree commercial, which is trying to sell even more credit, provides a prime example. Set in an affluent, upper-middle class suburb, we’re introduced to a smiling Stanley Johnson who’s kind enough to show us his “American dream” lifestyle – including his gorgeous home complete with a fireplace and pool.

“'I’m Stanley Johnson. I’ve got a great family. I’ve got a four bedroom house in a great community. Like my car? It’s new! I even belong to the local golf club. How do I do it? I’m in debt up to my eyeballs. I can barely pay my finance charges.'”

"LendingTree cuts in, 'Need a smart way to handle your debt? At, you can lower your monthly payments by using the equity in your home, with either a home equity loan or by refinancing your mortgage. Call 1-800...'

"Riding his lawn tractor in his suburban backyard, Stanley cuts in; 'Somebody help me.'

Sadly, this sums up personal finances throughout much of the Western world. Corporations and governments are in no better shape, as witnessed by America’s total national debt (including government, corporate, and personal) at $50 trillion plus.

But this wasn’t accidental. Every time a loan or financing program has been entered into, a conscious decision has been made to proceed – sometimes for the personal betterment of the individual, sometimes not. Collectively, we knew what we were doing. So did the corporations and governments.

Likewise for credit institutions. The banking industry, following the lead of central banks, handed out cheap credit (debt) like candy. Did they know what they were doing? Of course! Banks advertised low rates and pain-free payments like they were carnival side-show vendors, doing everything short of banging on doors to sell cheap credit.

And the public, no longer content with starting small and building up savings to purchase items, gobbled up all the credit-candy possible. In turn, this created an almost endless credit-inflation cycle that society seemingly has had no choice but to perpetuate.

The US housing market demonstrates this principle [NOTE: The following explanation has been simplified due to space limitations].

Everyone needs a place to live, but buying a home is a big undertaking, and few can afford to enter with cash. Therefore, a loan is required for the average buyer. When the loan is made, more credit-based money is injected into the market supply. Thus, over the years, prices collectively rose. In some places the housing market was hotter than others, but this was a reflection of localized supply and demand pressures. Generally speaking, prices climbed as interest rates came down, and the loans became larger with less collateral attached.

Then in the late 1990s, banks started giving out high-risk loans to already debt-burdened families and low wage earners. These loans had a low introductory rate, but were adjustable – enter the subprime model. As consumer debt steadily expanded across demographic lines, and as the purchasing power of the dollar correspondingly fell, the use of subprime loans rapidly gained momentum.

Expanding on this, lending institutions bundled these loans and sold them to other banks and speculators around the world – creating the investment side of the sub-prime market. This became a goldmine for investors willing to take a risk. Money flowed, and lenders made sure that virtually everyone who wanted a home “could afford one.”

No savings? No collateral? No problem. Cheap credit flowed like sweet soda, and the housing market inflated into an unimaginable bubble, pushing homeowners, banks, and subprime investors closer to the brink.

However, just as too much candy makes one sick, a debt-based inflationary economy eventually reaches a critical point. For scores of subprime homeowners, the critical point came when rates were adjusted up.

Is the housing problem over? Not even close. Instead, it may have acted as the cork in the dam. When the cork finally popped, it revealed a web of fast-growing cracks, right down to the foundation. Now it appears that the infrastructure could crumble.

If the economic weaknesses can’t be shored up, what can we expect? Two options present themselves: inflation or deflation. Let’s recap.

Inflation: In this scenario, the central bank lowers interest rates and injects more liquidity (credit money) into the system, providing a band-aid solution. This may hold off the inevitable for a time, but continue this practice too long and saturation takes effect. In this scenario, hyperinflation could be the outcome: money becomes worthless and prices skyrocket by the week, the day, and the hour. Monetary assets, such as gold, gains in value as national currencies are discarded by the market.

Deflation: In this scenario, the central bank raises interest rates, thereby slowing inflation by contracting the money supply. If this reaction happens too fast in a society operating chiefly on credit, then a deflationary depression ripples through the system. In this “tightening” scenario, lines of credit are no longer affordable, loans are difficult to come by, and those in debt cannot sustain the rate increases. Jobs are lost and prices plummet, including the value of stocks, as money is increasingly hard to come by.

A third option exists, but it’s so improbable that it hardly warrants mention: In the short-term, central banks walk the perfect inflation/deflation tightrope, and at the same time reform the financial base of society – placing restrictions on the money creation power of the banking industry (including themselves), and introducing some form of asset backed currency to bring stability and accountability. This would be a start: Good luck.

The fact that we are entering a period of crisis is certain. Two big questions crop up; will this crisis be deflationary or inflationary? And how soon before the dam breaks? Right now, many analysts are predicting a further inflationary run. Mary Anne and Pamela Aden, editors of The Aden Forecast, recently reported,

“Suddenly, there’s a lot of talk about inflation in official circles and that wasn’t the case before. But over the past couple of months, comments or inflation warnings were made by the Fed, the European Central Bank and the Bank of England. Government officials are speaking out, and so is the press. The International Monetary Fund was the most direct, warning that global inflation has reemerged as a major threat to the world economy.” [emphasis added]

No doubt inflation could be poised to jump higher. However, the reaction to an inflationary crisis – and we’ve been experiencing a slow boil inflation build-up for decades – could set us up for a reactionary, credit tightening movement. And while energy and food costs are currently rising (due in part to geopolitical pressures), other sectors such as housing in the US are falling. Other parts of the world are experiences downturns too, yet even at the global level this crisis doesn’t show uniformity.

Ambrose Evans-Pritchard, in the Telegraph, wrote, “The West is in the full grip of a debt deflation as years of credit abuse come back to haunt it. The East - loosely speaking - is in the blow-off phase of an inflationary boom.” [emphasis added]

On June 19th, Bob Janjuah, the Royal Bank of Scotland’s credit strategist, indicated a deflationary move was in the making.

“A very nasty period is soon to be upon us - be prepared...Cash is the key safe haven. This is about not losing your money, and not losing your job...The ugly spoiler is that we may need to see much lower global growth in order to get lower inflation.”

And George Soros was quoted in the Telegraph as saying that this is “the end of a 60-year period of continuing credit expansion based on the dollar as the reserve currency.” [emphasis added]

Inflation or deflation? Or a hybrid beast that hits the world from both ends? Until the storm is directly overhead, it’s extremely difficult to say. Nor can anyone guess the timing of when the storm will unleash its fury. But an observation can be made; the storm clouds have crested the horizon.

Isn’t it amazing what greed can do? In the words of Ambrose Evans-Pritchard,

“We are in uncharted waters. The easy tradeoff between growth and inflation that so flattered asset prices for a quarter century is over. The monetary lords can no longer shield us from the full consequences of our debts. Nor do they want to.”

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Escaping Persecution
Oct 1st, 2008
Art Sadlier

Trials and tribulations are the constant experience of God’s people. We cannot expect to escape persecution. Jesus warned that if they hated Him they will hate His disciples. We, in our culture, have been an exception for many years now. We have escaped real persecution, there are signs that a change is coming.

The Purpose Driven Church and New Evangelicalism have desperately sought to be as much like the world as possible. Their philosophy is, “we must cause the world to like us, we do not want the world to condemn us or reject us”. Those who take this approach will never be persecuted by the world. However, this approach is foreign to the history of the Church.

The Voice of the Martyrs has estimated that since the death of Christ Jesus 2000 years ago 43,000,000 Christians have been martyred. Over 50% of these were in the last century alone. More than 200,000,000 Christians face persecution each day, 60% are children. Every day over 300 believers are killed for their faith in Jesus Christ. - Art Sadlier

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Is Apostasy Possible?
Oct 1st, 2008
Roger Oakland

Are we living in a day similar to what it was like before Noah’s flood came and destroyed the world? While that question might sound harsh, think about this for a moment. When Jesus was asked by His disciples for signs of the times regarding His return, He answered them by telling them it would be just like it was in the days of Noah. The days of Noah were characterized by a terrible apostasy. If the return of Jesus is at hand, should we not see some parallels?

Since 1990, when Understand The Times was founded, I have been committed to warn people about the apostasy the Bible states will characterize the days before Jesus returns. Over these years we have seen a pattern that has emerged. There are fewer Christians now who are concerned about apostasy than there were fifteen to twenty years ago.

Now, how could this be? As time has passed it would seem that those who have followed current events should have been able to see the fulfillment of the signs predicted by Jesus and others. How can anyone miss it? We have been warned ahead of time what to watch for and now current events indicate these warning signs are underway. Shouldn’t every Bible believing Christian be shouting as loud as possible – the time of His return is near?

Such is not the case. You might be shocked if I were to let you read some of the letters and e-mails I get. There are a number who have endeavored to have our Understand The Times program removed from several radio stations. Some say the warnings we have been airing are a distortion of the truth. There is no such thing as “an ecumenical agenda” to unite the “separated brethren” with Rome, they say. Apostasy is not a word that is even in their vocabulary.

Further, these critics are convinced that Jesus can’t come, until the church gets the job done. In essence, they believe that while governments have failed to bring social justice here on earth, the church is now called to play that role. Their plan involves mobilizing two billion Christians worldwide to form a mighty army of God. Have you heard about this plan? If you haven’t, you will.

Now, to establish such a plan here on earth is, of course, a noble effort. But man’s plans, if they are not God’s plans are useless. Is it possible to believe you are helping God out, when in fact you are not? Remember, that is exactly what apostasy is – being convinced you are serving God, when instead you have been seduced and don’t know it.

The only way to be protected from being swept into apostasy is to be in God’s Word. Study His Word and know what is says. If you don’t you could be part of the problem rather than the solution

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Jews It's YOUR land; when will you JUST SAY SO!
Oct 1st, 2008
Jerusalem Watchman - Stan Goodenough

It is true, Israel, that:

The entire world insists you surrender your historic heartland to which untold millions of Jews prayed and longed to return to through the centuries.

The world’s 1.2 billion Muslims believe Allah has ordained that no sovereign Jewish state can exist in Dar-el-Islam (the world of Islam)

Great numbers of Islam’s adherents hate you with an unquenchable hatred and are ready to sacrifice their lives to destroy yours.

It is true that:

The European Union has leaders and members who consider the 1948 rebirth of the State of Israel as the worst thing to have happened in the 20th Century.

The majority of polled Europeans believe that Israel poses the greatest threat to world peace today.

Belligerent, resurgent Russia plans to assist your Middle Eastern enemies in eventually squeezing you out of the region and out of existence.

The United Nations has voted for more resolutions condemning Israel than all its other condemnations combined.

It is true that:

Your own media, and not only left-wing newspapers like Ha’aretz and Yediot Ahronot (Ynetnews) but even the centrist The Jerusalem Post – have either enthusiastically embraced or reluctantly succumbed to employing the epithet “West Bank” that delegitimizes the Jews’ claim to their heartland – even though Israel’s mountain spine has for millennia been known as Samaria and Judea (Judea – From which you get your national designation, JEW!)

You have only got one friend in the community of nations and but for Washington’s veto in the UN Security Council and its numerous acts of support for your nation you would – barring Divine intervention – have already been erased from the map of the world.

As a result you feel obligated to jump as high as the Americans “ask” you to; after all, you feel, you do OWE them.

It is also true that:

Most of your leaders going all the way back to David Ben Gurion and, before him, to the great Zionist visionaries Theodore Herzl and Chaim Weizmann have been avowed secularists or agnostics and not G-d-fearing Jews.

Many (most?) of you are like them, and you do not believe there is any way on earth you can defy, or stand against, all these overwhelming odds. And there is ABSOLUTELY NO WAY you can win support for any claim you might make to actually OWNING the land everyone is breathing down your neck to surrender.


If you truly love your people, then it is your clear DUTY to say so.

I want to ask you something, dear Am Yisrael

Do you know of any other nation that has ever existed in ALL OF HISTORY that has so globally and for millennium after millennium massively and positively impacted mankind?

Do you know of any other nation that can claim to have survived EVERY EFFORT the mind of evil man could conceive to eradicate them?

Do you know of any other nation that has been decimated by war, its survivors driven into exile, then rendered repeatedly homeless over thousands of years, driven out of country after country, forced en masse to convert or die, made the scapegoat for every major national ill, ultimately devoured in an industrial death machine leaving a pitiful few million remaining, and has still SURVIVED?

And not only survived, but returned to their original country and there been reconstituted as a nation, restoring thriving life to their destitute land, resurrecting their original language, withstanding overwhelming and unrelenting efforts to militarily crush them, indeed becoming a nation “in a day” and rapidly racing to the frontlines of hi-tech and other industrial development that never stops and cannot be outdone?

Let me tell you, NO NATION COMES CLOSE TO YOURS. Israel, you are one amazing M-I-R-A-C-L-E.

And behind every miracle is one amazing G-D.

He is YOUR G-d. The L-rd G-d of ISRAEL. He has named Himself after you. With Him on your side you CANNOT BE OUTNUMBERED and YOU WILL NOT BE UNDONE.

G-d foretold everything that you would experience as a nation; everything I have listed above, and more. He promised to preserve you among the nations and to return you from exile TO THE SAME LAND FROM WHICH YOU WERE DRIVEN 2000 years ago.


He has promised to keep you in this Land, to go to war against Your enemies on your behalf, and to wipe out all those who seek to destroy you. He has sworn to bless those who bless you, and He has vowed to curse those who curse you. This is the pledge and the commitment of your Father in heaven, the Creator of all things.

He does not lie. He is not impressed by numbers. He is not fearful for your future. In fact, as He sits enthroned high abovethe earth your G-d, dear Israel, is laughing to scorn all nations and allreligions that hate you.

Hear what your great King David said of Him:

“The L-RD is my rock and my fortress and my deliverer;
The G-d of my strength, in whom I will trust;
My shield and the horn of my salvation,
My stronghold and my refuge;
My Savior, You save me from violence. …

“For You are my lamp, O L-RD;
The L-RD shall enlighten my darkness.
For by You I can run against a troop;
By my G-d I can leap over a wall.
As for G-d, His way is perfect;
The word of the L-RD is proven;
He is a shield to all who trust in Him…”
(2 Samuel 22:2,3, 29-31)

David also says:

For who is G-d, except the L-RD?
And who is a rock, except our G-d?
It is G-d who arms me with strength,
And makes my way perfect.
He makes my feet like the feet of deer,
And sets me on my high places.
He teaches my hands to make war ,
So that my arms can bend a bow of bronze.
(Psalm 18:31-34)

As asG-d messaged you through His prophet Jeremiah:

Thus says the L-RD, your Redeemer,
And He who formed you from the womb:
“I am the L-RD, who makes all things,
Who stretches out the heavens all alone,
Who spreads abroad the earth by Myself;
Who frustrates the signs of the babblers,
And drives diviners mad;
Who turns wise men backward,
And makes their knowledge foolishness;
Who confirms the word of His servant,
And performs the counsel of His messengers;
Who says to Jerusalem, ‘You shall be inhabited,’
To the cities of Judah, ‘You shall be built,’
And I will raise up her waste places…”
(Isaiah 44:24-26)
And as He promises you through Zechariah:

“The L-RD will save the tents of Judah first, so that the glory of the house of David and the glory of the inhabitants of Jerusalem shall not become greater than that of Judah. In that day the L-RD will defend the inhabitants of Jerusalem; the one who is feeble among them in that day shall be like David, and the house of David shall be like G-, like the Angel of the L-D before them. It shall be in that day that I will seek to destroy all the nations that come against Jerusalem….” (Zechariah 12:7-9)

Israel, if you look around you, you may have much reason to fear. And if you put your trust in man, or in a nation, you will surely be let down.

But if you look to the One who still gazes onyou with love, to Whomyou remainHis special treasure and the apple of His eye, and if you put your trust in Him, your fear will leave you and your hope will be restored.

Trust in your G-d, Israel, and lay claim to the land He has given to you, EXCLUSIVELY AND FOREVER.

From the River to the Sea, and more: THIS LAND IS YOURS.

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Men On Their Knees
Oct 1st, 2008
Alan Redpath

“Half a dozen men on their knees for 60 minutes waiting on the Lord with the absolute conviction that they have no answer, that their human ideas and programs are ineffective and bankrupt – they will accomplish more than 50 men around a table discussing problems for a whole year.”

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The Dry Bones
Oct 1st, 2008
Art Sadlier

God is not finished with Israel. He has a program to bring Israel to His intended purpose, we read about the consummation of that purpose in Zechariah 13:9, “And I will bring the third part through the fire, and will refine them as silver is refined, and will try them as gold is tried: they shall call on my name, and I will hear them: I will say, It is my people: and they shall say, the Lord is my God”.

The dry bones in Ezekiel 37 reveal how God’s program to restore Israel will unfold. This is an exciting portion of prophetic scripture. In the context of the chapter, Israel is in captivity in Babylon because of sin, unbelief and disobedience. The captives have lost all hope of restoration, Jerusalem is in ruins, the Temple is destroyed by fire and the land has been depopulated.

However in Ezekiel 36:8, God gives them hope, “But ye, O mountains of Israel, ye shall shoot forth your branches, and yield your fruit to my people of Israel; for they are at hand to come.” God was chastening Israel but He had not cut her off permanently. But the question was, how could this promise of God ever come to pass? That is what Ezekiel 37 is about, how God would bring it to pass. The Lord gives Ezekiel a prophetic vision of how He will restore Israel to her land and her place of blessing.

Two prophetic scenarios are in view here.

  1. The captivity of Israel in 506 BC, and her return to the land, starting in 536 BC.
  2. The final great dispersion of Israel (which began in 70 AD) and her final return.

Many Old Testament prophecies have more than one fulfillment, a near and a far, a classic example of that is found in Isaiah 9:6. There are two fulfillments in that prophecy. For unto us a child is born”, this was fulfilled 800 years later at Bethlehem. A second is given without any comment or explanation, “and the government shall be upon his shoulders”, that is yet to be fulfilled at Christ’s glorious second coming.

The first captivity in 606 BC, was only a foreshadowing of a much greater chastening, which has lasted 2000 years.

The first return in 536 BC, was only a foreshadowing of the great return which is happening in our lifetime.

The vision of Ezekiel 37 brings before us the spiritual condition of Israel nationally during the long centuries of her present dispersion and the process of her restoration.

In Isaiah 6:9-10 the prophet tells of Israel’s setting aside by God. In verse 11, the question is asked, “Lord, how long?” The answer comes in verse 11-12, “Until the cities are wasted without inhabitant, and the houses without man, and the land be utterly desolate, and the Lord have removed men far away, and there be a great forsaking in the midst of the land.”. There is enough evidence in this fulfilled prophecy to prove to any honest seeking person, that God is the Lord of history who knows the end from the beginning. The problem of unbelief is not in the head but in the heart.

Paul also answered the question of “how long” in Rom. 11:25, “until the fullness of the gentiles be come in.” Until the church is complete and is raptured out of the world, then the blindness of Israel as a nation will be lifted and her restoration will begin.(note the fullness of the gentiles and the times of the gentiles are two different things)

In Ezekiel 37:1 the Lord, in a vision brings Ezekiel down into a valley which represents the whole world. The valley is filled with dry bones,

verse 11 says, “These bones represent the whole house of Israel”. In verse 2, the Lord lets Ezekiel see Israel as He sees her.

Three things stand out in Ezekiel’s mind.

  1. “There were very many”, they represent all of the Jewish people present in the world at the time of the re-gathering, today about 13 million.
  2. “They were very dry”, what could be deader than dry bones. These bones represent living people but people who are spiritually dead. What a picture of Israel for 1900 years, cut off from spiritual life! Cut off from their land! Cut off from God! Cut off from each other!
  3. “The open valley”, scattered all across this vast valley which represents the whole world to which Israel has been scattered for so long.

Which re-gathering is this focusing on? This chapter is focusing on the last days re-gathering of Israel. Isaiah tells us of this second re-gathering, “And it shall come to pass in that day, that the Lord shall set his hand again the second time to recover the remnant of his people” (Isaiah 11:11). Then he lists the countries of the world to which they are scattered. Hosea also refers to this second re-gathering, “For the children of Israel shall abide many days without a king, and without a prince, and without a sacrifice …” (Hosea 3:4). Such a clear fulfillment of this prophecy leaves no doubt as to the authority of God’s word.

Some 1500 years before this final great dispersion of Israel we read in Deuteronomy 28: 63-66 about the affliction they were to suffer. The prophecies of Deuteronomy have been fulfilled in exacting detail.

....70AD a million Jews were slaughtered at Jerusalem by Rome.
....135AD hundreds of thousands were slaughtered and the remainder were put out of the land, sold as slaves and scattered to the four corners of the earth.
....700AD the land was usurped by Islam.
.... 1348-9AD more than 200 Jewish communities exterminated in Europe.
... 1492AD August, the same day Columbus sailed from Spain, the Jews were expelled.
.. 1700AD No Jews were allowed in Spain, Portugal, England, France, Scandinavia, Sicily, Norway, Germany nor Italy
... 1792AD Jews banned from Russia.

This is only part of the story, all down over the centuries the Jews were persecuted, oppressed and slaughtered. Hitler killed 5,820,000 Jews from 14 countries in Europe. Today Islam is trying to exterminate Israel.

This fulfilled prophecy alone is enough to prove beyond any shadow of a doubt that the bible is the word of the living God. We also learn that God will not tolerate sin and disobedience by His people.

Ezekiel’s vision describes Israel’s hopelessness. “Our bones are dried up”, nationally dead! “Our hope is lost”, no human hope of the nation being restored. “We are cut off from our parts”, cut from one another.

We see three stages of Israel’s Return.

... STAGE-1 We see a dramatic scene in verse 7! Ezekiel preaching to dry bones, probably shouting across the valley all of the promises of God to Israel. Suddenly the bones began to shake, shooting all across the valley. Bones coming together, clicking and clacking everywhere. They came together, “Bone to its bone”, suddenly the bones were fashioned into a skeleton. The lost hope is being restored. That is the first stage and that first stage of Israel’s re-gathering has happened in our lifetime. A few thousand at first, 1931- 1935 150,000 Jews returned to Israel. By 1948 650,000 had returned. That was the first stage, the skeleton had been formed, bones coming together into their own land.

...STAGE-2 In verse 6, the skeletons are turned into bodies, a corporate body has been formed, a nation has been formed. May 14, 1948 Israel became a nation again with a government, a constitution, an army and schools etc. Isaiah prophesied this event in Isaiah 66:8. That’s where Israel is today, a body with no breath in it.

...STAGE-3 We see the spiritual restoration of the nation. In verse 9, we read, “Come from the four winds and breathe upon these slain that they may live”. That reminds us of the rushing mighty wind on the day of Pentecost, when the Holy Spirit came upon the church on its birthday, the day the church came to life. That has not yet happened to Israel. You can read about that event in Zechariah 12:10-12. Today Israel stands between the second and third stages.

The word of God tells us about four things that will happen to Israel between the second and third stages.

  1. A Peace Treaty a false Christ will sign a false peace treaty between Israel and her enemies. It will be a time of great deception that will sweep the whole world, but it will not happen until the Church is raptured.
  2. A Brief Time of Peace this false peace will last only a few weeks or months.
  3. A Divine Deliverance Russia, Iran and the nations surrounding Israel will launch a massive surprise attack on Israel God will intervene with supernatural intervention. See Ezekiel 38:18, 19, 22,23.

This will be followed by a time of great tribulation for Israel, tribulation such as the world has never seen before. All of these things will be used of the Lord to bring Israel to the point of repentance and redemption.

As we have seen the first two stages happening in our lifetime and we see the furious attempts to bring about the peace treaty we know of a certainty that the trumpet is soon to sound. Are you ready?

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The Fruits of Apostasy
Oct 1st, 2008
Art Sadlier

The following news item appeared September 26 on WorldNetDaily. “Christian men get honest about porn addiction. An award-winning musician … has turned his talents toward creating a documentary on a closeted problem running rampant within the Christian church: men and marriages struggling with sex addiction. The film targets men within Christianity, where pornography is considered immoral but where statistics show … more than half of the men attending … Promise Keeper rallies admitted to viewing pornography, and 37% of Christian pastors admitted to being addicted to porn.”

We wonder why the church has no impact upon the world. Instead of the church winning the world, the world has won the church. With immoral men in the church, worship is a sham, with immoral men in the pulpits, the church becomes a curse. The only encouraging thing we see is that God always has a remnant, thank God for the remnant!

I believe that this is the unintended fruit of New Evangelicalism. Instead of being separate from the world, they have become like the world in order to reach the world, it doesn’t work, they just become corrupted by the ways of the world. The fruit they produce is more counterfeit Christianity.

I think the problem goes beyond the issue of carnal Christians, I believe we are seeing the last days apostasy of the Laodicean Church (New Evangelicalism). When we see statistics that tell us that 57% of professing, born again Christians, state that they believe that Christ is not the only way to heaven, you know apostasy is sweeping the church. God’s answer to apostasy is to isolate it, to separate from it. The reason New Evangelicalism has grown so exponentially is because many of God’s people have refused to separate from it. - Art Sadlier

“… in the latter times some shall depart from the faith” 1 Tim. 4:1

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The Iranian Threat
Oct 1st, 2008
Art Sadlier

It has been revealed that President Bush will not be involved in an attack on Iran’s nuclear facilities. It has also been revealed that Iran’s nuclear program is so well fortified in cement bunkers that an attack would probably accomplish very little in the way of destruction and disruption of Iran’s ability to produce nuclear bombs in the near future.

We now realize that sanctions will not be effective due to Russian and Chinese refusal to participate.

Iran, Syria, Hamas and Hezbollah are arming to destroy Israel, and with nuclear and chemical weapons now entering the equation, the situation looks very bleak for Israel. We know from scripture that Israel will not be annihilated by nuclear attack; therefore some unexpected events will likely occur before Iran has the chance to destroy Israel.

Perhaps there will be a disastrous war in which Israel will exercise the Sampson option against Syria destroying Damascus (see Isaiah 17:14).

Whatever develops, it seems certain that cataclysmic events lie on the near horizon. Perhaps these events will be so catastrophic that the ground will be prepared for the false peace treaty of antichrist. - Art Sadlier

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The New World Order
Oct 1st, 2008
Art Sadlier

The new world order is simply a world government. John prophesied, nearly 2000 years ago about a coming world government and a coming world dictator, the Antichrist. John said in Rev. 13:7, “….and power was given him over all kindreds, and tongues, and nations”. In verse 16, “And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads”.

In the last 60 years the call for a world government has been growing. In 1950 a Senate Foreign relations committee introduced the following resolution. “Whereas, in order to achieve universal peace and justice, the present Charter of the U.N. should be changed to provide a true world government constitution”.

Another statement reads, “World government is coming, in fact, it is inevitable. No arguments for or against it can change that fact.”

Harry Trueman said, “It will be just as easy for nations to get along in a republic of the world as it is for us to get along in a republic of the United States.

“Regionalization is in keeping with the tri-lateral plan which calls for a gradual convergence of East and West, ultimately leading toward the goal of one world government, national sovereignty is no longer a viable concept” said Zbigniew Brezezinski.

DR. Henry Kissinger said ”Today America would be outraged if UN troops entered Los Angeles to restore order (referring to the riot caused by the Rodney King incident). Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond, (outer space) whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to bedelivered them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the world government”.

One of the pillars of a world government will be a world currency.

Former West German Chancellor Willy Brandt said, “The new world order is a world that has super-national authority to regulate the world commerce and industry; an international organization that would control the production and the consumption of oil; an international currency that would replace the dollar; ….and an international police force to enforce the edicts of the New World Order”.

I do not believe that this One World Government will appear until the Antichrist comes to power, but I believe the stage is now being set for his appearance. One of the stage setting events will be the collapse of the US dollar and the establishment of a world currency. The present monetary crisis suggests the dollar is in grave danger of collapse.

Financial problems are today universal. Russia and China are in serious financial crisis. China has recently called for a new world currency to replace the dollar. A group of oil-rich mid-east nations are calling for a new currency.

A Financial Times news report stated, “The US will lose its status as the superpower of the financial system… in the wake of the financial crisis this world will become multi-polar. The world will never be the same again.”

I am again reminded of the words of David Rockefeller, “We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the new world order”.

We see the preparations for the new world order accelerating in the present monetary crisis.

The collapse of the American dollar would bring unprecedented recession to the American economy. The budget of the military would be slashed to the point that the military would be a hollow shell. That would create a power vacuum in the world, which in turn would create chaos in the whole world. It would be similar to removing the police force out of New York City.

Three major situations would develop.

I. Israel would be cast on Europe for protection. That is the exact prophetic end time scenario.

II. Perhaps, such chaos would develop that the nations would be ready and willing for the Peace Treaty of Antichrist.

III. Russia, Iran and their alliance would be emboldened to attack Israel, as per Ezekiel 38-39, as the West stood helplessly by (Europe is not ready yet to fill the void of the loss of US military power).

Perhaps you might consider this article over the top, I would agree that it seems dramatic, however, it fits the prophetic scenario so closely, we need to consider the events now unfolding very carefully.

A. Sadlier

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True Faith Brings Committal
Oct 1st, 2008
A. W. Tozer

We can prove our faith by our committal to it, and in no other way. Any belief that does not command the one who holds it is not a real belief; it is a pseudo belief only. And it might shock some of us profoundly if we were brought suddenly face to face with our beliefs and forced to test them in the fires of practical living.

"Many of us Christians have become extremely skilful in arranging our lives so as to admit the truth of Christianity without being embarrassed by its implications. We arrange things so that we can get on well enough without divine aid, while at the same time ostensibly seeking it. We boast in the Lord but watch carefully that we never get caught depending on Him. “The heart is deceitful above all things, and desperately wicked: who can know it?”

Pseudo faith always arranges a way out to serve in case God fails it. Real faith knows only one way and gladly allows itself to be stripped of any second way or makeshift substitutes. For true faith, it is either God or total collapse. And not since Adam first stood up on the earth has God failed a single man or woman who trusted Him …

… For each of us the time is surely coming when we shall have nothing but God. Health and wealth and friends and hiding places will all be swept away and we shall have only God. To the man of pseudo faith that is a terrifying thought, but to real faith it is one of the most comforting thoughts the heart can entertain.

It would be a tragedy indeed to come to the place where we have no other but God and find that we had not really been trusting God during the days of our earthly sojourn. It would be better to invite God now to remove every false trust, to disengage our hearts from all secret hiding places and to bring us out into the open where we can discover for ourselves whether or not we actually trust Him. That is a harsh cure for our troubles, but it is a sure one.

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