Will The Current Peace Talks Address Jerusalem’s Sovereignty And That Of Palestinian Occupied East Jerusalem?

I … President Obama has invited a cast of middle-east leaders to encourage Direct Talks toward Middle East Peace. They include Prime Minister Benjamin Netanyahu of Israel, former Prime Minister Tony Blair of the UK, King Abdullah II of Jordan, President Hosni Mubarak of Egypt, and Mahmoud Abbas President of the Palestinian Authority. Hamas, the democratically elected leadership of the Palestinians since January, 2006, has vowed to disrupt direct peace talks. My question is, will the peace talks address Jerusalem’s sovereignty and that of Palestinian occupied East Jerusalem? Sovereignty is one of five issues that Christian Science Monitor relates that must be addressed for peace to be achieved.

II … At some point in time, wars held forth in bible prophecy, will occur, nullifying any present peace proposals attempting to further a Mideast peace. 

Bible prophecy foretells of a world war between Israel, Iran, Syria, Turkey and other arab nations that draws in Russia, Germany, Bulgaria, Romania, as well as Turkey. One can read of this in Jack Kelley’s article The Battle Of Ezekiel 38 on the Grace Through Faith Website.

Syria is involved in war with Israel in Isaiah 17:1.

Syria, Lebanon, Hezbollah, and Hamas confederate against Israel in Psalm 83.

III … Bible prophecy of Daniel 9:27 predicts that a third Jewish Temple will be constructed before the Lord’s return, and that the world’s Sovereign will one day, after the war of Ezekiel 38, establish a peace covenant between Israel and Arab nations; and in so doing, it is very likely that he will insist that an international peacekeeping force be present within both Israel and within Jerusalem as well at Israel’s borders.  

Yet the Sovereign will not fully honor that covenant, as he will break it after 36 months. “He shall confirm the covenant with many for one week”; here each day represents one year. This important phrase indicates that the event that starts the 70th week, the seven-year tribulation, is the signing of a seven-year covenant between the Sovereign and Israel.  The signing of the covenant begins the period called the Tribulation. At the halfway point of the Tribulation, which is three and a half years, the Sovereign will break this covenant with Israel with an event called “The Abomination of Desolation.” It is at this time that God provides a physical place of safety, that is a refuge, for a select group of saints. This also signals there is only three and a half more years remaining, before Christ returns to earth to set up His Earthly Kingdom, which will last for a 1,000 years.

It is a given that the covenant between the Sovereign and Israel will permit the Jews to rebuild their temple, where they will once again practice their sacrifices. Presently a red heifer to be used in ritual sacrifice is being sought, instruments are being implemented, priests are being prepared, and blueprints are being drafted toward this end.

IV … The Apostle John writes prophetically of a global governor, that is a sovereign, who will rise to rule mankind in Revelation 13:5-10. He is preceded by a global authority, that is a world system comprised of mankind’s seven institutions ruling globally through ten regions of governance, as described in Revelation 13:1-4.  These regions of global governance were called for by the Club of Rome in 1974.

A … This world system arises out of currency and economic collapse.

Debt deflation is the contraction and crisis that follows credit expansion.  One of the most famous quotations of Austrian economist Ludwig von Mises is from page 572 of Human Action: “There is no means of avoiding the final collapse of a boom brought about by credit expansion.  The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency involved.”

B … Global stock debt deflation commenced on April 26, 2010, when the value shares failed to outperform the growth shares.

It was on April 26, 2010, the currency traders went long the yen and short the global currencies as is seen in this MSN Finance chart of FXA, FXE, FXM, FXC, ICN, FXB, FXS, SZR, FXF, BZF, XRU, FXY causing the US Dollar to rise; as can be seen in this chart from April 26, 2010 to June 7, 2010.

On June 7, 2010, the US Dollar, $USD, turned down as the Euro, FXE, rallied on news of the call for the EFSF Monetary Authority to be established, it as of yet, still has to be approved by member states.

The Swiss Franc and the Australian Dollar both were sold against the Yen on April 26, 2010; but on June 7,  the Swissie-Aussie carry trade,  FXF:FXA,  blasted out of a consolidation triangle on June 7th as the US dollar was sold off.

C … On July 19, 2010 the Yen, FXY, fell lower introducing the age of competitive currency devaluations.

D … The European sovereign debt crisis and competitive currency devaluation has created an investment demand for gold. Gold has risen as the sovereign world currency and storehouse of investment value. Currencies, sovereign debt, stocks and bonds are all headed off to the pit of investment abandon.

E … We are living in the age of global governance: when crisis arises, leaders announce policy, that is they govern by announcement. The word, will and way of the leader or leaders becomes the law of the land.  

The socio, economic, and political landscape is completely different from it was pre European Sovereign Debt Crisis time of May 8, 2010.  Crisis arose and governance changed. At the Eurozone May 2010 Summit, The EU Finance and State Leaders announced European Economic Governance and called for Monetary Union with a federal debt agency, the EFSF, with seigniorage authority to issue eurobonds and in so doing they effected a bloodless coup where they waved national sovereignty. Sovereign nations are a principle of a bygone era. One is no longer a citizen of a nation-state; rather one is a resident in a region of global governance.

The libertarians perceive that they are sovereign individuals; yet the truth be told: the leaders of their region, both economic and political, are their sovereigns. Libertarians include: individualist anarchists, (Lysander Spooner), anarcho-capitalists (Murray Rothbard, John Locke), constitutionalists (Chuck Baldwin), fiscal libertarians (Kristin Davis), objectivists (Ayn Rand), libertarian economists (Milton Friedman), left-libertarians (Noam Chomsky), and anarcho surrealists (Andre Breton).

This governance is in light with Strobe Talbott’s vision that “within the next hundred years,” …  “nationhood as we know it will be obsolete; all states will recognize a single, global authority.” And David Rothkopf’s vision that “mechanisms of global governance are more achievable in today’s environment,” and that these mechanisms “are often creative with temporary solutions to urgent problems that cannot wait for the world to embrace a bigger and more controversial idea like real global government.”

Andrew Gavin Marshall in article The Global Political Awakening and the New World Order, The Technological Revolution and the Future of Freedom, Part 1 writes that Strobe Talbott worked as a journalist for Time Magazine for 21 years, and has been a fellow of the Yale Corporation, a trustee of the Hotchkiss School and the Carnegie Endowment for International Peace, a director of the Council on Foreign Relations, the North American Executive Committee of the Trilateral Commission, and the American Association of Rhodes Scholars, and a member of the participating faculty of the World Economic Forum. Talbott served as Deputy Secretary of State from 1994 to 2001 in the Clinton administration and currently sits as President of the Brookings Institution, one of the premier American think tanks. Writing in America Abroad: The Birth Of The Global Nation Time Magazine: July 20, 1992,  Mr. Talbott said  “within the next hundred years,” …  “nationhood as we know it will be obsolete; all states will recognize a single, global authority.” He explained:  “All countries are basically social arrangements, accommodations to changing circumstances. No matter how permanent and even sacred they may seem at any one time, in fact they are all artificial and temporary. Through the ages, there has been an overall trend toward larger units claiming sovereignty and, paradoxically, a gradual diminution of how much true sovereignty any one country actually has”.

David Rothkopf, a scholar at the Carnegie Endowment for International Peace, former Deputy Undersecretary of Commerce for International Trade in the Clinton administration, former managing director of Kissinger and Associates, and a member of the Council on Foreign Relations, recently wrote a book titled, “Superclass: The Global Power Elite and the World They are Making.” As a member of that “superclass,” his writing should provide a necessary insight into the construction of this “New World Order.” He states pages on 315-316, “In a world of global movements and threats that don’t present their passports at national borders, it is no longer possible for a nation-state acting alone to fulfill its portion of the social contract.” He wrote that, “progress will continue to be made,” however, it will be challenging, because it “undercuts many national and local power structures and cultural concepts that have foundations deep in the bedrock of human civilization, namely the notion of sovereignty.” He further wrote that, “Mechanisms of global governance are more achievable in today’s environment,” and that these mechanisms “are often creative with temporary solutions to urgent problems that cannot wait for the world to embrace a bigger and more controversial idea like real global government.”

F … Global bond debt deflation commenced with the purchase of the yen based carry trades on September 1, 2010, which rallied stocks, ACWI; and turned the tide on bonds, BND, sending them lower, establishing August 31, 2010 as a high in bonds at 82.66 – establishing August 31, 2010 as peak credit.

The interest rate on the 30 Year US Government bond, $TYX, rose strongly September 1, 2010. 

And the interest rate on the US 10 Year Note, $TNX, also rose strongly September 1, 2010.

September 1, 2010 marks the transition from “the age of neoliberal Milton Friedman based credit liquidity” to “the age of the end of credit”; this also means ”the end of entitlements” and “the beginning of world-wide austerity”. Part of the end of entitlement will be that of “living payment free” in a bank’s shadow inventory of real estate property, as banks, being desperate for income will transition from being holders of real estate to lessors of property.

Yes with the coming stock market driven write down of bank equity, and bond market driven write down of US Treasuries kept at the Federal Reserve in Excess Liquidity, the banks will no longer amend pretend and extend lending as described by IrvineRenter and others. The bank’s, KBE, FASB 157 entitlement to value real estate at mark-to-fantasy, rather than mark-to-market will have no meaning in a debt depreciated future.      

The 30-10 yield curve,$TYX:$TNX , began to flatten on August 11, 2010, reversing a trend that goes back to early 2000. This signals risk aversion to sovereign debt. The flattening of the yield curve came as a result of the Federal Reserve Chairmans announcement of August 10, 2010 of the purchase of mortgage-backed securities. Then on August 27, 2010, the Federal Reserve Chairman stated the possibility of an even larger purchase of debt. This caused the bond rally in US Treasuries, TLT, that began April 6, 2010, to fail today September 1, 2010 sending bond prices lower and interest rates higher. The safe haven rally in debt that began with the onset of the European Sovereign Debt Crisis is over. Investors see Mr Bernanke’s plans as monetization of debt; and have gone short US Treasuries, especially the longer out ones such as ZROZ.

Systemic risk is quite high. Liquidity evaporation could happen quite easily, either coming through a failed Treasury auction or a situation where there may not be enough buyers of investment securities to meet sellers demand.  

G … I  believe that soon, out of a liquidity evaporation and a liquidity crisis, stemming from a fast fall in bond and/or stock values, that here in the US a Financial Regulator will be announced who will oversee lending and credit, as well as money market and brokerage accounts. He will be what I call a credit boss or credit seignior who funds economic operations with an emphasis on seeing that the strategic needs of the country are met and that monies for food stamps keeps flowing. I believe the government will become the first, last and only provider of liquidity and money.

I believe that here in the US, the Financial Regulator will exercise Discretionary Governance, and announce a Home Leasing Program administered by the banks on their REO properties and those of Freddie Mac, Fannie Mae and the US Federal Reserve. Mortgage lending and securitization of loans will cease, and leasing of homes will be a public private partnership cooperative endeavor. Companies that have created and serviced mortgage-backed securities, such as Anworth Mortgage Asset Corporation, ANH, and Annaly Capital Management, NLY, will quickly disappear from the economic landscape, as mortgage bond funds such as Goldman Sachs Mortgage Bonds, GSUAX, tumble in value.

And I envision that in Europe, a continuing fall in the EUR/JPY from 108, will result in further stock deflation, seen in the ETF, FEZ, falling below the 33/34. Then a liquidity crisis will emerge, where there will not be enough buyers for sellers of stocks as well as bonds, causing small business failures and banks to become sorely decapitalized, resulting in the president of the ECB arising to be an “Eurozone credit seignior” and provider of liquidity to Europe.

I also believe that “framework agreements” will be announced in Europe providing for fiscal federalism, giving a whole new meaning to the term European Economic Governance.

Yes, I foresee a greater fiscal union in Europe.

Fiscal federalism will result in the Eurozone evolving into a region of global governance where national sovereignty will be a concept of a bygone era; and state corporatism will be recognized as sovereign; and austerity as a way of life.

Argentina, already has a Seignior, that is a credit, banking, and monetary boss, that being Christina Fernandez de Kirchener. The Economist Magazine in article Happy Go Lucky Christina, presents Christina Fernandez de Kirchener. I consider her to be Argentina’s credit seignior.

Suggested reading

The Claim To Jerusalem Is The Obstacle To Peace In The Middle East

Might Central Asia, The Black Sea And EurAsia Be Involved In The Ezekiel 38 War?

The Conflagration Of The Coming War Between Israel And Iran, Syria, Lebanon And Turkey Will Be Intense Beyond All Past Wars

Ezekiel 38: Togarmah

Is The Ezekiel 38 War Coming Soon?

2 Responses to “Will The Current Peace Talks Address Jerusalem’s Sovereignty And That Of Palestinian Occupied East Jerusalem?”

  1. Prerana Says:

    good write

  2. Olive Olivia Says:

    it’s worthwhile article

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