The Prophecy Club News Update

Wednesday, December 19, 2007

Stand back! Economic electrodes! EU central bank attempts to shock global banking system back to life


The world's central banks have again resorted to shock tactics to unfreeze the credit markets, flushing the global system with $530bn (£263bn) so far this week in the biggest injection of liquidity ever recorded. The European Central Bank alone lent over half a trillion dollars (€349bn) to lenders for two weeks in an unlimited auction. The rate was set at just 4.21pc, far below the market cost of short-term money.

We're going through the Big D and I don't mean Dallas ... EU central bank's half-trillion-dollar cash infusion has some people worrying ... Is somethi


The Bank of England is once again the frugal sister of the credit markets, vastly outdone by the bountiful maiden of Frankfurt.The half trillion dollar (€349bn) blitz by the European Central Bank is 25 times larger than yesterday's auction on Threadneedle Street.

Rothschild-controlled City money-changers called "dangerous" by Bank of England governor


Mervyn King has launched a major broadside at the banking sector, labelling it "dangerous" and urging politicians to impose fresh regulations on the City's financiers. In comments which will aggravate the already-strained relationship between the Bank of England Governor and the Square Mile.

Has Saudi Arabia just issued a fatwa against the US dollar?


To all intents and purposes, the Wahabi religious establishment of Saudi Arabia has just issued a fatwa against the US dollar. This bears watching. A message issued by 26 leading clerics warns that inflation has reached intolerable levels in the Gulf kingdom. While it does not vilify the dollar explicitly, the apparent political aim is to undermine the country’s dollar peg.

Swiss insurance company: Global disasters costs over $60 billion in 2007




More than 20,000 people were killed by natural and man-made catastrophes in 2007, according to a report by Swiss Re. The world's largest reinsurer said initial estimates have shown the disasters led to overall financial losses of $61bn (£30.2bn) across the globe. Some of the more severe damage was caused in Bangladesh, which was hit several times by natural disasters.

Bush orders 'significant reduction' in US nuclear weapons stockpile


WASHINGTON: President Bush has approved "a significant reduction" in the U.S. nuclear weapons stockpile, cutting it to less than one-quarter its size at the end of the Cold War, the White House said Tuesday. At the same time, the Energy Department announced plans to consolidate the nuclear weapons complex that maintains warheads and dismantle those no longer needed, saying the current facilities need to be made more efficient and more easily secured.

Assad: I turned down an offer to buy nuclear weapons

Syrian President Bashar Assad turned down an offer to buy nuclear missiles from Pakistani weapons smugglers in 2001, he was quoted as saying Wednesday.
In an interview with the Austrian newspaper Die Presse, Assad said that the smugglers introduced themselves as envoys of Abdul Qadeer Khan, considered the father of Pakistan's nuclear weapons program.

In 2004, Khan confessed to selling nuclear technology and secrets to Iran, Libya and North Korea and has since been under house arrest in Islamabad. Khan was spared a more severe punishment after the Pakistani government prevented US investigators from directly interrogating him.

Argentina: Iran behind bombs at Israeli embassy, Jewish center


Iran was behind the bombings over a decade ago in Argentina against the Israeli embassy and Jewish community center, according to the country's chief prosecutor, Alberto Nisman, who served as a special prosecutor investigating the attacks. "I have no doubt that the most senior Iranian leadership, with the help of Hezbollah, is responsible for the attacks in Buenos Aires against AMIA [the community center in 1994].

Jerusalem's Latin Patriarch rejects Israel's Jewish identity


Israel's identity as a Jewish state discriminates against non-Jews, the Holy Land's top Roman Catholic clergyman said in a pre-Christmas address on Wednesday. "If there's a state of one religion, other religions are naturally discriminated against," Latin Patriarch Michel Sabbah told reporters at the annual press conference he holds in Jerusalem before the Christian holiday.

Religious Freedom in Military Questioned

TOPEKA, Kan. -- A foundation that has sued the military alleging widespread violations of religious freedom said Tuesday that it has evidence showing that soldiers are pressured to adopt fundamentalist Christian beliefs.

Russian military to adopt Topol-M MIRV missile soon


MOSCOW, December 19 (RIA Novosti) - A new multiple-warhead missile system armed with Topol-M multiple independently targetable reentry vehicles (MIRV) will go into service in Russia's Armed Forces soon, a first deputy prime minister said. Sergei Ivanov said the Topol-M missile complex currently exists in two modifications - mobile and fixed-site.

Israelis create Bible smaller than a pinhead


Israeli scientists yesterday said they had created the world's smallest Hebrew Bible, fitting the book on to a gold-coated silicon chip smaller than a pinhead. Scientists at Technion, Israel's Institute of Technology, were able to pack the 308,428 words of what Christians refer to as the Old Testament on to a 0.5mm square of silicon by etching its surface with particle beams. "The Guinness Book of World Records has a Bible 50 times bigger," said Ohad Zohar, who directed the project.

North-of-border link finishes NAFTA superhighway grid….Atlantic-Pacific route would allow cross-continental goods deliveries


Canada has announced a plan to extend the NAFTA Superhighway network north in a way that would finish a continental grid designed to accommodate an anticipated tsunami of containers from China and the Far East. The Canadian Intelligent Super Corridor, or CISCOR, is a national transportation route designed to reach from the West Coast ports of Vancouver and Prince Rupert to Montreal and Halifax.

Merry Christmas! Big Brother is watching you at the shopping mall


Holiday shoppers at Arden Fair Mall in Sacramento this weekend may have noticed something besides the crowds and crowded parking. Two new high-tech security cameras are now on patrol. The cameras were paid for by a U.S. Department of Homeland Security grant to help keep a close watch on all the comings and goings at the busy shopping hub.

Huckabee Defends Christmas Ad


(AP) Republican presidential candidate Mike Huckabee on Tuesday defended his Christmas ad amid suggestions that the ordained Baptist minister had gone too far mixing religion and politics. The ad, which is airing in Iowa, New Hampshire and South Carolina, shows Huckabee in front of a Christmas tree as he says, "Are you about worn out by all the television commercials you've been seeing, mostly about politics? Well, I don't blame you."

Powerful 7.2 magnitude earthquake rattles Alaska

A large earthquake rattled Alaska's seismically active Aleutian Islands, but there were no immediate reports of any damages or injuries. The magnitude-7.2 quake struck at 11:30 p.m. Tuesday and was centered about 125 miles west of Adak in the island chain, according to a preliminary report by the U.S. Geological Survey.

Friday, December 14, 2007

Deadly Winter Storm Hits Northeast

Winter Storm Hits Northeast After Leaving the Plains and Midwest in the Dark.

A deadly winter storm brought snow and sleet to the Northeast on Thursday, while crews in the Plains and Midwest worked to restore power to hundreds of thousands of people left in the dark in its ice-coated wake.

Dems: Amen to Ramadan, but forget about Christmas

9 House members praise Islamic faith, won't recognize Christian observance.

Only weeks after voting for a resolution that "recognizes the Islamic faith as one of the great religions of the world," nine Democrats in the U.S. House refused to vote for a Christmas resolution that condemns the worldwide persecution of Christians.

Boy Scouts' banishment threatens Catholic Church


Pro-homosexual Philadelphia officials' campaign to evict the Boy Scouts of America from their long-held regional headquarters on city-owned ground will create a precedent that could endanger dozens of other groups in the city, including the Catholic Church, as well as museums and a public radio station.

China Ship Building Challenges U.S., Admiral Says

The chief of the US naval operations expressed concern Thursday about competition from China's flourishing ship building sector, while a lawmaker said it could soon be building more warships that the United States.
"The fact that our shipbuilding capacity and industry is not as competitive as other builders around the world is cause for concern," Admiral Gary Roughead told the House of Representatives Armed Services Committee.

Report: Hamas to escalate attacks on Israel

Hamas has asked Iran to allow the organization to escalate its altercations with Israel, carry out more suicide attacks and if need be – threaten kidnapped IDF soldier Gilad Shalit with execution, Kuwait's Al-Jarida newspaper reported Friday.

Israel, U.S. to meet to discuss differing assessments on Iran


Israeli and American officials involved in the intelligence analysis of Iran's nuclear efforts will meet soon to discuss the two countries' differing assessments of Iran's rate of progress toward achieving nuclear weapons. Israel, which was surprised by the National Intelligence Assessment on Iran released last week, initiated the meeting.

IRS to Probe More Tax-Exempt Groups in 2008

WASHINGTON -- The Internal Revenue Service said on Thursday it will audit more tax-exempt organizations in 2008 as well as start a new compliance program to help groups maintain their tax-exempt status.

The IRS's Exempt Organizations division said the tax agency wants to determine how many employers comply with employment tax laws and that the investigation will include tax-exempt groups and government agencies.

Friday, December 07, 2007

Second Temple 'Palace' Discovered

JERUSALEM, Israel - The Israeli Antiquities Authority (IAA) announced Wednesday that the large structure uncovered in the Givati parking lot may have been built by Queen Helena of Adiabene during Second Temple Times. The Second Jewish Temple stood from 516 BC to 70 AD.

Senate drops gays from hate crimes bill


WASHINGTON - The Senate has dropped its insistence that Congress pass legislation expanding hate crime laws to include attacks on gays, after it became clear the measure wouldn't pass the House, according to congressional aides. House and Senate negotiators agreed on Thursday to drop the provision from a major defense policy bill. The legislation authorizes the military to spend some $150 billion in money for the wars in Iraq and Afghanistan.

4 Russian bombers fly over Atlantic, Arctic Oceans


MOSCOW, December 6 (Itar-Tass) - Four Russian strategic bombers Tu-95 flew patrol missions over the Atlantic and Arctic Oceans on Thursday, Air Force spokesman Col Alexander Drobyshevsky told Itar-Tass. "The bombers made 9- to 16-hour long flights in adverse weather conditions, with midair refueling," Drobyshevsky said.

Tuesday, December 04, 2007

Jordan's king urges Israel to 'withdraw'


Jordan's King Abdullah II inaugurated a new parliament Sunday with a call on Israel to relinquish war-won lands, saying that would help peace and security to prevail in the Middle East. The king also urged unity among feuding Palestinian factions, saying the time has come for statehood. "We emphatically tell Israel that ending the occupation of Arab and Palestinian lands.

Philadelphia Boy Scouts Face Eviction Over Anti-Gay Policy


The Philadelphia Boy Scouts could find themselves booted from their historic dowtown headquarters Monday unless a dispute with City Hall over the group's anti-gay policies is resolved. The Cradle of Liberty Council—Philadelphia's Boy Scout chapter—has been housed in an historic building in downtown Philly for almost 80 years, paying almost nothing for the prime piece of proprety under the terms of a 100-year sweetheart lease it inked with the city in 1928.

Russian strategic bombers conducted over 70 patrols since August


MOSCOW, December 4 (RIA Novosti) - Russia's strategic bombers have carried out since August over 70 patrol flights over the Pacific, Atlantic, and Arctic oceans, as well as the Black Sea, a senior Air Force official said on Tuesday. Russian President Vladimir Putin announced the resumption of strategic patrol flights.

Pat Robertson turns CBN over to son Gordon


After nearly half a century at the helm, evangelist Pat Robertson said Monday that he is passing daily management of the Christian Broadcasting Network to his son, Gordon Robertson. Pat Robertson, 77, remains chairman of the Virginia Beach-based television ministry he founded in 1960. "I thought that some of this day-to-day operation was important to pass down the line.

SIV alert! Growing fears world is headed for major credit crash

SIV alert! Growing fears world is headed for major credit crash

There are growing fears that the world is headed for a major credit crash because of Enron-style behaviour by the world's biggest investment banks. Banking giants have made huge write-downs, totalling more than $50 billion, but that is not causing the greatest concern. The major worry is that they have borrowed hundreds of billions of dollars to invest in funds which they are now having to bail out. The money is in special funds known as the Structured Investment Vehicle (SIVs), which are leaking money.

Cellphone Tracking Powers on Request

Federal officials are routinely asking courts to order cellphone companies to furnish real-time tracking data so they can pinpoint the whereabouts of drug traffickers, fugitives and other criminal suspects, according to judges and industry lawyers.In some cases, judges have granted the requests without requiring the government to demonstrate that there is probable cause to believe that a crime is taking place or that the inquiry will yield evidence of a crime. Privacy advocates fear such a practice may expose average Americans to a new level of government scrutiny of their daily lives.Such requests run counter to the Justice Department's internal recommendation that federal prosecutors seek warrants based on probable cause to obtain precise location data in private areas. The requests and orders are sealed at the government's request, so it is difficult to know how often the orders are issued or denied.The issue is taking on greater relevance as wireless carriers are racing to offer sleek services that allow cellphone users to know with the touch of a button where their friends or families are. The companies are hoping to recoup investments they have made to meet a federal mandate to provide enhanced 911 (E911) location tracking. Sprint Nextel, for instance, boasts that its "loopt" service even sends an alert when a friend is near, "putting an end to missed connections in the mall, at the movies or around town."With Verizon's Chaperone service, parents can set up a "geofence" around, say, a few city blocks and receive an automatic text message if their child, holding the cellphone, travels outside that area."Most people don't realize it, but they're carrying a tracking device in their pocket," said Kevin Bankston of the privacy advocacy group Electronic Frontier Foundation. "Cellphones can reveal very precise information about your location, and yet legal protections are very much up in the air."