On Saturday, October 11, 2008, Eric Rank and Robb Harris will give split sermons, titled, respectively, “Thirst” and “Ethics.”
 
The services can be heard at www.cognetservices.org at 12:30 pm Pacific Time (which is 2:30 pm Central Time). Just click on Connect to Live Stream.
 
The Speaking Schedule for the services during the Feast of Tabernacles is posted on the Web. All services can be heard at www.cognetservices.org at the designated times. Just click on Connect to Live Stream.

NOTE:
 
Due to the Feast of Tabernacles, we will not publish a weekly Update on October 17 and 24, 2008. Our next Update will be published on October 30, 2008. 

Members of the Church of God have just celebrated the annual Feasts of Trumpets and Atonement, which picture the return of Jesus Christ (1 Thessalonians 4:16) and the banishment of Satan (Revelation 20:1-3). In a few days, Church members will observe the Feast of Tabernacles for seven days at designated convention sites all over the world. These days picture and foreshadow a time of unparalleled joy, happiness and prosperity for all nations–something that the world has not experienced before. The Kingdom of God will have come to this earth (Matthew 6:10). Truly, utopia will become reality–Paradise will be established right here on this planet. This world will witness “heaven on earth” in the truest sense of the word.
 
Today, we are bombarded with bad news. Even the “Current Events” sections in our weekly Updates are filled with unpleasant and dire warnings. But we don’t report these events because of masochistic tendencies. Rather, we are telling our readership what is happening in light of Biblical prophecy. These events are necessary to unfold prior to a most mind-boggling occurrence–the return of the Messiah and the beginning of a wonderful and better world. Viewed in that way, even the bad news is good news.
 
But the REALLY good news will become reality when God begins to rule this earth. The Feast of Tabernacles pictures the “Millennium” or a period of one thousand years, when Christ and His immortal disciples or “saints” will govern on and over this planet (Revelation 20:4, 6; 5:10; Isaiah 32:1; 33:17, 20-22). Notice, from the pages of the book of Isaiah, the RESULT of such righteous and all-powerful administration–and compare it, if you like, with our present human rule:
 
— “Nation shall not lift up sword against nation, Neither shall they learn war anymore” (Isaiah 2:4).
 
— “Of the increase of His government and peace There will be no end” (Isaiah 9:7).
 
— “The wolf shall dwell with the lamb. The leopard shall lie down with the young goat. The calf and the young lion and the fatling together; And a little child shall lead them… the nursing child shall play by the cobra’s hole… the earth shall be full of the knowledge of the LORD” (Isaiah 11:6-9).
 
— “Then He will give the rain for your seed With which you sow the ground, And bread of the increase of the earth; It will be fat and plentiful. In that day your cattle will feed In large pastures…” (Isaiah 30:23).
 
— “And the inhabitant will not say, ‘I am sick'” (Isaiah 33:24).
 
— “Then the eyes of the blind shall be opened, And the ears of the deaf shall be unstopped. Then the lame shall leap like a deer, And the tongue of the dumb sing” (Isaiah 35:6).
 
— “For waters shall burst forth in the wilderness, And streams in the desert” (Isaiah 35:6).
 
— “He will make her wilderness like Eden, And her desert like the garden of the LORD; Joy and gladness will be found in it” (Isaiah 51:3).
 
— “All your children shall be taught by the LORD, And great shall be the peace of your children” (Isaiah 54:13).
 
— “Violence shall no longer be heard in your land” (Isaiah 60:18).
 
— “The LORD will cause righteousness and praise to spring forth before all the nations” (Isaiah 61:11).
 
Too good to be true? But why should it be? Granted, these are truly amazing, breath-taking announcements of a better world to come–and there is so much more! It is THAT better world, which is worth “living for”–and even “dying for,” if need be. The Feast of Tabernacles reminds us of a future civilization and society, which seems so distant today, so unrealistic, so incredible.
 
But imagine what we just read: Satan will no longer deceive mankind; Christ will rule this earth; human nature will be changed; the environment will be fruitful, hospitable and pleasant; war and violence will be a thing of the past; all sickness will be healed! Why is it so hard to believe that such a world is possible? Of course, with man it is not possible–but is anything too difficult for God?
 
Adam and Eve lost their Paradise–but not forever. It is man’s destiny to find and regain it–and even in a much more all-encompassing condition than at the time of man’s creation.
 
Today, the Church of God proclaims the gospel or good news of the coming Kingdom of God in all the world as a witness. That very Kingdom will be ushered in within a few years from now–and all the world will experience its life-saving and life-enriching effects. Today, this world scoffs at its destined future. But soon, it will celebrate a new and everlasting beginning of a better world–and why not?

Now…Global Bailouts Needed!

A relentless stream of devastating financial news from all over the globe highlights the repercussions of what first began in the US. The Christian Science Monitor reported the following on October 7, 2008:
 
“Battered by successive shocks, the world economy may be slipping into multicontinent recession.

“First, the housing bubble burst in the US and some European nations. Then soaring commodity prices hit countries around the world, especially poor food-importers. Now the bank turmoil wrought by the real estate downturn is spreading beyond Wall Street to other financial capitals.

“Ireland, Denmark, and France have declared a recession. Germany and Britain are teetering. Even the hot economies of India and China may suffer slowing growth.

“‘At this point it is a very fragile situation,’ says Eswar Prasad, an international economics professor at Cornell University and a fellow at the Brookings Institution in Washington. ‘There is a crisis of confidence more than anything else.'”

Pakistan Nears Bankruptcy

On October 6, 2008, the Telegraph.co.uk featured this somber financial report about the very politically unstable nation of Pakistan:
 
“Pakistan’s foreign exchange reserves are so low that the country can only afford one month of imports and faces possible bankruptcy.”
 
The article also points out the dire impact this may have on its relationship with the US:
 
“The government is engulfed by crises left behind by Pervez Musharraf, the military ruler who resigned the presidency in August. High oil prices have combined with endemic corruption and mismanagement to inflict huge damage on the economy.

“Given the country’s standing as a frontline state in the US-led ‘war on terrorism’, the economic crisis has profound consequences. Pakistan already faces worsening security as the army clashes with militants in the lawless Tribal Areas on the north-west frontier with Afghanistan.”

Iceland’s Economy Collapses

Bloomberg.com reported on October 9:

“Iceland’s government seized control of Kaupthing Bank hf, the nation’s biggest bank, completing the takeover of a banking industry that has collapsed under the weight of its foreign debt…

“The banks are saddled with about $61 billion of debt, 12 times the size of the economy, according to data compiled by Bloomberg. The government is seeking a loan from Russia and may ask for aid from the International Monetary Fund to help guarantee deposits. The central bank ditched an attempt to fix the krona yesterday as the currency went into freefall.

“‘This looks like a total collapse,’ said Thomas Haugaard Jensen, an economist at Svenska Handelsbanken AB in Copenhagen. ‘It’ll take several years before the economy can start to return to growth.'”

The article continues with this shocking assessment:

“The debts of the Icelandic banking system are too big for the government to repay.

“‘There is no way that the Icelandic population can assume responsibility for the private debt’ that the banks have built up, [Prime Minister] Haarde said yesterday.”

European Nations Not United In Moment Of Crisis

CNN.com reported this week on the reaction of governments across Europe to the global financial meltdown:

“While Europe’s four largest economies pledged to coordinate national responses to help banks in distress, their failure to agree an EU-wide plan showcased the divisions in Europe on how to deal with the crisis.”

Reporting on Europe’s frenzied attempts at coordinating a response to the financial crisis, The New York Times (10/4/2008) stated:

“After days of squabbling, the leaders of Europe’s largest economies vowed Saturday to work together to stop a growing financial panic, but they failed to offer a systemwide answer to a credit crisis that has forced them to bail out several banks in just the past week.”

The Times article continued:

“Sharply criticizing what they said were the American roots of what has become a global credit crisis, Europe’s leaders insisted it was time for the European Union to act decisively.

“We are fully aware of the responsibility that weighs on our shoulders,” said President Nicolas Sarkozy of France, who hosted the gathering at the sumptuous Élysée Palace here.

“The crisis has become the biggest financial challenge for European policymakers since the introduction of the euro as a Continent-wide currency in 1999.”

The Timesonline (10/6/2008) recounted the the failed attempt on the part of France to face the growing financial crisis in a unified stance:

“President Sarkozy’s ambition of leading a united Europe through the global financial turmoil appeared to have sunk last night as Angela Merkel moved to guarantee German savings.

“The German Chancellor’s initiative may have torpedoed Mr Sarkozy’s aim of ensuring coordinated action on crisis-hit banks in the European Union. It came less than 24 hours after the French president had summoned Gordon Brown, Mrs Merkel and Silvio Berlusconi, the Italian Prime Minister, to a summit in Paris designed to devise a EU strategy in the face of the upheaval. The move irritated EU leaders who were not invited, such as José Luis Zapatero, the Spanish Prime Minister.

“Critics said that the snub would complicate the already difficult task of producing a single EU policy on the crisis. The obstacles were underlined in the final document from the Paris meeting, which contained vague commitments from Europe’s biggest economies to work together. There were few hard decisions other than the establishment of a £25 billion fund to support small business unable to secure loans from their banks in the credit crunch.

“A plan floated by France and the Netherlands for a €300 billion bank rescue fund had been blocked by Britain and Germany even before the meeting had started. Mrs Merkel was always reticent to adopt the French approach of solidarité, which she saw as a roundabout way of asking Germany to finance rescue packages in other countries.

“Her go-it-alone deposit guarantee measure – which came after she criticised the Irish Republic for doing almost the same thing – blew another hole in Mr Sarkozy’s dream. He had seen the crisis as a chance to impose France’s vision of a federal Europe and a regulated economy.”
 
Europe’s fragmented approach has not been reassuring. Shocking steps are being taken to secure the financial stability of banks and investment firms–with the outcome moving Europe’s powerful core nations to take steps toward the nationalization of their economies. What lies ahead for the European Union is graphically described in our free booklet, “Europe In Prophecy.”

Pope Challenges Godlessness and Bible Understanding

An AP article appeared in Yahoo! News on October 5, 2008, reporting on a meeting of bishops during which the Pope made critical remarks about the role of religion:
 
“Pope Benedict XVI warned Sunday that modern culture is pushing God out of people’s lives, causing nations once rich in religious faith to lose their identities”
 
Continuing… “‘Today, nations once rich in faith and vocations are losing their own identity, under the harmful and destructive influence of a certain modern culture,’ said Benedict, who has been pushing for religion to be given more room in society.”
 
The article also had the following significant statements:
 
“A document prepared for the meeting rejects a fundamentalist approach to the Bible and said a key challenge was to clarify for the faithful the relationship of scripture to science. A rabbi will address the conference on Monday in what is believed to be the first time a Jew has participated in such a meeting.”
 
Concerning the address by a rabbi, Inquirer.net (10/04/2008) quoted Shear-Yashuv Cohen, Grand Rabbi of Haifa, Israel:

“Cohen told the Washington-based Catholic News Service in Jerusalem that his invitation was a ‘signal of hope (bringing) a message of love, coexistence, and peace for generations.'”

The article continued…

“He was due to speak on the Jewish interpretation of the Bible, whose first five books comprise the Torah, Judaism’s most holy sacred writings.

“Benedict has continued the conciliatory steps taken by his predecessor, Polish-born John Paul II, to improve inter-faith relations, but has sometimes stumbled.

“Most recently he allowed the reintroduction of a controversial Good Friday prayer calling for the conversion of Jews.

“However in April the German-born pontiff won some Jewish hearts and minds when he became the first leader of the Roman Catholic Church to visit a synagogue in the United States.”
 
An article appearing in the Houston Chronicle on October 3, 2008, adds some detail to the Catholic view of the Bible and its use:
 
“Of equal concern to the bishops is how Catholics understand Scripture when and if they read it. The synod’s official agenda notes the increasing popularity of ‘fundamentalism,’ which it says ‘takes refuge in literalism and refuses to take into consideration the historical dimension of biblical revelation.’

“Earlier this month, Benedict himself stated that a proper understanding of the Bible ‘excludes by its nature everything that today is known as fundamentalism” and insisted that the “word of God can never simply be equated with the letter of the text.’

“As they reaffirm the church’s teaching authority, or magisterium, the bishops will also discuss the compatibility of Catholic doctrine with modern methods of interpretation that Catholic scholars have increasingly adopted since Vatican II.”

The article also cited the following:

“Catholics over the age of 50 are old enough to remember when the church discouraged nonclergy from acquainting themselves with Scripture, apart from selections quoted in their catechisms or read aloud at Mass. But that traditional attitude has shifted amid the many dramatic changes in Catholicism that began in the 1960s.”

As is the case with all the visions given to Zechariah, the vision of the high priest relates foremost to our days–even though it might also refer to an initial and preliminary fulfillment at the time of Zechariah.

Zechariah 3:1-10 reads as follows:

“(1) Then he showed me Joshua the high priest standing before the [angel] of the LORD, and Satan standing at his right hand to oppose him. (2) And the LORD said to Satan, ‘The LORD rebuke you, Satan! The LORD who has chosen Jerusalem rebuke you! Is this not a brand plucked from the fire?’ (3) Now Joshua was clothed with filthy garments, and was standing before the [angel]. (4) Then He answered and spoke to those who stood before Him, saying, ‘Take away the filthy garments from him.’ And to him He said, ‘See, I have removed your iniquity from you, and I will clothe you with rich robes.’ (5) And I said, ‘Let them put a clean turban on his head.’ So they put a clean turban on his head, and they put clothes on him. And the [angel] of the LORD stood by.

“(6) Then the [angel] of the LORD admonished Joshua, saying, (7) ‘Thus says the LORD of hosts: “If you will walk in My ways, And if you will keep My command, then you shall also judge My house, And likewise have charge of My courts; I will give you places to walk Among those who stand here. (8) Hear, O Joshua, the high priest, You and your companions who sit before you, For they are a wondrous sign; For behold I am bringing forth My Servant the BRANCH. (9) For behold, the stone That I have laid before Joshua: Upon the stone are seven eyes. Behold, I will engrave its inscription,’ Says the LORD of hosts, ‘And I will remove the iniquity of that land in one day. (10) In that day,’ says the LORD of hosts, ‘Everyone will invite his neighbor Under the vine and under his fig tree.'”‘”

1) A Glimpse of the Millennium

As we explained in recent Updates, the visions of Zechariah are clearly pointing at the last days and the Millennium. Regarding the vision at issue, we find obvious millennial descriptions. First, we read in Zechariah 3:2 that the LORD has chosen Jerusalem–which will occur when Christ returns (compare Zechariah 2:12). Verse 10 uses the phrase, “in that day”–an expression describing the time just prior to and subsequent to Christ’s return. That verse says that “in that day,” everyone will invite his neighbor under his vine and fig tree. This is a clear reference to the Millennium.

Describing the “latter days” and the beginning of the Millennium, Micah says in Micah 4:4: “But everyone shall sit under his vine and under his fig tree…” This expression also points at a time of peace and security; the latter half of verse 4 continues: “And no one shall make them afraid.” As a temporary forerunner of certain millennial conditions, 1 Kings 4:25 describes peace and security under King Solomon in this way: “And Judah and Israel dwelt safely, each man under his vine and his fig tree… all the days of Solomon.”

The commentary of Jamieson, Fausset and Brown adds: “‘under … vine …[and] fig tree’ — [an] emblem of tranquil prosperity… Type of spiritual peace with God through Christ… and of millennial blessedness.”

2) “In One Day”

Verse 9 quotes the LORD as saying that He will remove the iniquity of the land “in one day.” Again, this is a reference to the time of Jesus Christ’s return (1 Thessalonians 5:2, 4). He is the “BRANCH,” mentioned in Zechariah 3:8 (compare also Zechariah 6:12, as well as Isaiah 4:2; 11:1; and Jeremiah 23:5; 33:15).

We read, in Zechariah 14:4, that “in that day His feet will stand on the Mount of Olives.” We are also told, in Zechariah 14:6-7, that “It shall come to pass in that day That there will be no light; The lights will diminish. It shall be ONE DAY Which is known to the LORD [God the Father]–neither day nor night. But at evening time it shall happen That it will be light.”

During this one day of 24 hours in length, Christ will “fight against those nations” which battled against Jerusalem (Zechariah 14:2-3), and the plague inflicted on them will be terrible (compare Zechariah 14:12-15). Christ will remove the iniquity of the land in one day (Zechariah 3:9) by destroying those who act wickedly.

We are also told, in Isaiah 66:7-9, that the Church of God will “deliver” her children in “one day.” Spirit begotten Christians will then be born again–they will be immortal Spirit beings. At the moment of their resurrection or change to immortality, they will be totally sinless–incapable of sinning. Whatever iniquity they still had will be forgiven, washed away and extinguished.

3) The end-time “Joshua”

Since the context of Zechariah’s vision of the “high priest” Joshua deals with the time of Christ’s return and the Millennium, God’s dealings with Joshua himself must also have prophetic and future application. Even though Joshua was a literal high priest at the time of Zechariah, the vision addresses foremost an end-time religious figure who obtains forgiveness of sins and who is given clean clothes–representing godly righteousness. “Filthy clothes,” on the other hand, describe sinful conduct, compare Isaiah 64:6 and Proverbs 30:12.

a) Clean Clothes

We read in Revelation 19:7-8:

“Let us be glad and rejoice and give Him glory, for the marriage of the Lamb has come, and His wife has made herself ready. And to her it was granted to be arrayed in fine linen, clean and bright, for the fine linen is the righteous acts of the saints.”

We read in the book of Revelation about a great multitude “of all nations, tribes, peoples, and tongues, standing before the throne and before the Lamb, clothed with white robes, with palm branches in their hands” (Revelation 7:9). These are those “who come out of the great tribulation, and WASHED THEIR ROBES AND MADE THEM WHITE IN THE BLOOD OF THE LAMB” (verse 14). In other words, they repented of their sins, accepted the Sacrifice of Jesus Christ, obtained forgiveness and were clothed with clean garments, symbolizing God’s righteousness.

Christ also tells the angel or leader of the endtime church of the Laodiceans to buy from Him “white garments, that you may be clothed, that the shame of your nakedness may not be revealed; and anoint your eyes with eye salve, that you may see” (Revelation 3:14, 18). As the leader of the church of Laodicea reflects the attitude of the entire church of Laodicea, so Joshua’s unclean clothes reflect not just his own unrighteousness, but also the attitude and condition of the people whom he, as “high priest,” represents before God.

We can therefore conclude that the end-time “Joshua”–a spiritual leader in the Church of God–as well as many members of the end-time Church of God, will be spiritually cleansed. This might perhaps occur during the time of the Great Tribulation.

“Joshua” is described as “a brand plucked from the fire” (Zechariah 3:2); that is, he will be saved from Gehenna fire which will burn up the incorrigible wicked. Satan, the accuser of the brethren (Revelation 12:10), will try to “object” to the role and function which God will bestow on “Joshua.” Satan will try to remind God of Joshua’s former sinful conduct. But God will respond by telling the devil that Joshua has received forgiveness, and that his former sins will be remembered “no more.”

b) Inscription on the Stone

At the same time, Joshua is reminded (compare Zechariah 3:7), to continue walking in the commandments of God–indicating that he might not have been that diligent before in doing so. If he proves faithful, God will engrave an inscription on the stone that He has laid before Joshua (compare Zechariah 3:9). This reminds us of Christ’s promise to His faithful disciples, as recorded in Revelation 2:17: “To him who overcomes I will give… a white stone, and on the stone a new name written which no one knows except him who receives it.”

c) The Seven Eyes

In addition, we read in Zechariah 3:9 that there are “seven eyes” on the stone. These seven eyes are identified as seven angels or powerful spirit beings. We read in Zechariah 4:10: “… for these seven rejoice to see The plumb line in the hand of Zerubbabel. They are the eyes of the LORD, Which scan to and fro throughout the whole earth.” That God refers in the vision of the high priest to these seven angels shows their role in guiding and protecting Joshua, since they are “ministering spirits sent forth to minister for those who will inherit salvation” (Hebrews 1:14).

d) A Wondrous Sign

Zechariah 3:8 identifies Joshua and his companions as a wondrous sign. The Nelson Study Bible writes: “Joshua and his companions were a sign because the reinstitution of the priesthood made public God’s continuing intention to fulfill His promises to His people”–including the promise of the First Coming of the “Branch”–the Messiah.

But since Zechariah’s prophecy deals foremost with end-time events, the activities of a future Joshua and his companions, will be a public sign–a witness or proof–for the return of Jesus Christ.

e) Judge God’s House

We are also told that Joshua is destined to judge God’s house and to have charge of His courts; and God will give him places to walk among his companions (Zechariah 3:6). This seems to imply a high position in God’s Kingdom, mainly in a priestly function. We are all promised to become kings and priests in the Kingdom (Revelation 5:10), ruling in the Millennium under the King of kings and the High Priest–Jesus Christ. But some may have a more predominant role as kings (compare Christ’s statements to the early apostles in Matthew 20:28), while others may fulfill primarily responsibilities as priests (which is apparently a task set aside for the end-time Joshua).
< br />Joshua might be given an important role during the Millennium to judge “God’s house”–which could refer to the physical descendants of the house of Israel and of the house of Judah. The Bible identifies the people of Israel and Judah as God’s people; therefore, the house of Israel could likewise be designated, in that sense, as “God’s house,” which is in need of God’s judgment (compare Amos 9:8-10; notice also Micah 4:1-2).

That Joshua will also have charge of “God’s courts” might refer to an important priestly position in the millennial temple–perhaps in a supervising capacity of physical Levites who will administer the temple service.

It is more likely, however, that God’s invitation to the end-time Joshua to judge God’s house and to have charge of His courts refers to a leadership position within the end-time Church of God, just prior to Christ’s return. We read that “the time has come for judgment to begin at the house of God”–the Church (1 Peter 4:17). Also, Paul wrote that the Church should judge those who are inside (1 Corinthians 5:12; compare 1 Corinthians 6:2-3).

Further, the Church is called the temple of God (1 Corinthians 3:16-17; 2 Corinthians 6:16; Ephesians 2:21). The physical temple included courts (Psalm 65:4; 84:2, 10). Psalm 116:18-19 states: “I will pay my vows to the LORD Now in the presence of all His people, In the courts of the LORD’s house, In the midst of you, O Jerusalem…”

4) Joshua Points Towards Jesus

In an ultimate fulfillment, the events surrounding an end-time “Joshua” point at, and are symbolic for, the role of THE High Priest, Jesus Christ.

As the commentary of Jamieson, Fausset and Brown points out: “The restoration of the glory of the priesthood is implied: first, partially, at the completion of the second temple; fully realized in the great High Priest Jesus, whose name is identical with Joshua [Hebrews 4:8], the Representative of Israel, the ‘kingdom of priests’ [Exodus 19:6]; once clad in the filthy garments of our vileness, but being the chosen of the Father… He hath by death ceased from sin, and in garments of glory entered the heavenly holy place as our High Priest [Hebrews 8:1; 9:24].”

Adam Clarke’s Commentary on the Bible adds: “‘Clothed him with garments’… [is] Referring to the vestments of the high priest. The true high priest, who is over the house of God, will establish his office among them [the people of Israel and Judah], when they shall acknowledge him as their Messiah, and seek redemption in the blood of the sacrifice which he has offered for their sins; and not for theirs only, but for the sins of the whole world.”

The stone, mentioned in Zechariah 3:9, which is placed before Joshua, also points towards Jesus Christ. Adam Clarke’s Commentary on the Bible writes:

“Alluding no doubt to the foundation stone of the temple: but this represented Christ Jesus: ‘Behold, I lay in Zion for a foundation a Stone, a tried stone, a precious Corner Stone, a Sure Foundation,’ [Isaiah] 28:16. This means Christ, and none other; on him his whole Church rests, as a building does on its foundation.” Compare also Ephesians 2:20-21.

On the other hand, Zechariah’s prophecy cannot be understood as speaking exclusively of Jesus Christ. Certain statements just do not apply to Christ at all (compare Zechariah 3:6-7). In addition, Joshua is pictured as a SIGN for the coming BRANCH (the Messiah), showing that foremost, a human being is addressed who will arise in the end time.

In conclusion, Zechariah’s vision of the high priest has great prophetic significance for us today and our future, since it addresses the time of Christ’s return and the establishment of God’s Kingdom on earth, when the Millennium begins. May God speed those days.

Lead Writer: Norbert Link

Starting the evening of October 13 and continuing through October 21, 2008, is the Feast of Tabernacles. This year, we will be meeting in Tucson, Arizona, in the US. In England, the Feast is being observed in Derbyshire. Details are available at www.eternalgod.org/feasts; www.globalchurchofgod.co.uk/feasts; and www.churchofgodacf.ca/feasts.

On Thursday, October 9, 2008, is the Day of Atonement. Dave Harris will give the sermon, titled, “Forgive and Forget.”

The services can be heard at www.cognetservices.org at 12:30 pm Pacific Time (which is 2:30 pm Central Time). Just click on Connect to Live Stream.

On the Sabbath of September 13, I was walking from the car park to church services and had an accident. For no apparent reason, I fell headlong, injuring my left side and my back. As I tried to protect myself, I seemed to almost bounce off the pavement and hit my side and back on a steel post. For a couple of minutes, the pain was excruciating, but then seemed to lessen. It was very uncomfortable, and three days later I went to the hospital. After being seen by a nurse and two doctors plus having a lumbar x-ray, I was advised that there was no damage except for the very obvious bruising. Time would heal.

That morning I had prayed for a number of things, one of which was for protection. Did God not hear my prayer or was there another explanation? To the skeptic or unbeliever, this would be good ammunition for them to try and prove their case. But to me it entirely DISPROVED their point!

If God always healed us, then we would never die. If we were always protected from everything, then we would never know how others suffered when they had accidents. And aren’t we promised tests and trials? For me, the key was that God DID protect me from anything serious. I could have hit my head on that steel post, causing concussion, brain damage or even death. I could have smashed my face, had severe dental damage, injured my eyes or any number of other scenarios. Even my spectacles which were in my pocket were undamaged, and they would have been expensive to replace.

Yes, I did have a couple of weeks of pain, soreness and quite severe bruising in many places, but that was it. And yes, I believe that I really was protected from what could have been so much worse. God is the protector of His people. Let us always trust Him for His protection.

Many of God’s people will be traveling, in some cases long distances, to keep the Feast of Tabernacles. Some will drive hundreds of miles while others will fly. Let us all pray for one another that we will all be protected on the outward and return journeys and also during the Feast. This is another area where we can be of service to the brethren and put our trust in the One Who will, and does, protect us.

Iran vs. Israel–“The Day of Reckoning Is Near”

On September 27, The Daily News published the following opinion by Mr. Baer, a former CIA case officer. Mr. Baer is the author of the just-released book, “The Devil We Know: Dealing with the New Iranian Superpower”:

“Are we going to have an October surprise, an attack on Iran by either the Bush administration or by Israel to stop the regime from becoming a nuclear power? It could happen – and alter the dynamics of the presidential race in the blink of an eye – but only if Israel pulls the trigger. Don’t expect the United States to drop bombs anytime soon. The reason: Iran has us over a barrel.

“According to Britain’s Guardian newspaper, Bush earlier this year nixed an Israeli plan to attack Iran’s nuclear facilities. Reportedly, the President said no because we couldn’t afford Iranian retaliation against our troops in Iraq and Afghanistan or Iran closing down Persian Gulf shipping… Iranian Silkworm missiles could close down Gulf oil exports in a matter of minutes, taking about 17 million barrels a day of oil off world markets. Americans could suddenly be looking at the prospect of $10-$12 for a gallon of gas… An angered Iran could punish us with thousands of extra casualties in Iraq and Afghanistan, as Iranian-trained, armed and funded fighters flow back into the war zones with a vengeance…

“But none of this changes the fact that Israel – on its own, without U.S. complicity – is moving closer to a decision to attack Iran, almost by the day. What many Americans miss is that Iran is a threat to Israel’s very existence, not an imagined danger used by politicians for political advantage. Every Israeli city is within range of Iranian/Hezbollah rockets. To make matters worse, since the July 2006 34-day war, Hezbollah may have as much as trebled the number of rockets it has targeted on Israel.

“Meantime, Hezbollah has become the de facto state in Lebanon. And lest we forget, Israel lost that July 2006 war to Hezbollah, pulling its troops out of Lebanon without having obtained a single objective. In other words, Israel no longer has its deterrence credibility, the fear that it can decisively retaliate against its enemies…

“Israel has to calculate that American influence around the world is on the wane. Americans are tired of the wars in Iraq and Afghanistan. And now, after the war in Georgia, Russia is opening up its flow of weapons to Iran… [Israel] is starting to believe that it has no choice but to change its fortunes with arms… The day of reckoning is near.”

New Toothless Security Council Resolution Against Iran

AFP reported on September 27:

“The UN Security Council on Saturday unanimously adopted a resolution again urging Iran to suspend its sensitive nuclear fuel work but offering no new sanctions and merely reaffirming existing ones…

“US Ambassador to the UN Zalmay Khalilzad immediately welcomed the adoption of the resolution by all 15 council members… Russian Ambassador Vitaly Churkin, who Friday ruled out any new sanctions for now, told reporters after the vote: ‘[The] added value of this resolution is in channelling the thinking of everybody in the direction of political rather than military enterprise.’

“Western diplomats had expressed fears that a lack of action by the Security Council might have led Israel to carry out its threat to resort to military action to ensure that its mortal enemy, Iran, does not acquire nuclear weapons… The United States and its European allies had pushed for new, tougher sanctions against Tehran but ran into resistance from Russia and China.”

Iran’s New Gas Pipeline with Europe

The EUObserver wrote on September 26:

“Iran oil minister Akbar Torkan has said Tehran wants to build a $4 billion, 37 billion cubic metre a year gas pipeline to the EU, newswires report. The ‘Pars Pipe’ would bypass Russia and be an alternative to the EU’s favoured Nabucco.”

Next–Conflict over Azerbaijan, Nagorno-Karabakh?

The EUObserver reported on September 26:

“Azerbaijan is sticking to plans to reduce oil exports to the EU and increase shipments to Russia and Iran… In the immediate aftermath of the Georgian crisis Azerbaijan decided as a temporary move to reduce shipments through Europe’s only direct import route from the energy-rich Caspian Sea… and to increase exports to Russia… Unlike Russia-critical Ukraine, Azerbaijan has remained silent over Russia’s invasion of Georgia despite disruptions caused to its oil business.

“With presidential elections coming up on 15 October, Azerbaijan’s head of state, Ilham Aliev, is trying to strike a balance between a re-assertive Russia and the West, especially since his country also has a frozen conflict on its own territory. The majority-Armenian populated region of Nagorno-Karabakh split from Azerbaijan in a civil war in 1991 and remains under Armenian occupation, with Russia and Armenia enjoying close ties. An alleged Armenian-Russian link during the Georgian conflict was highlighted by the chairperson of the European Parliament’s foreign affairs committee, Jacek Saryusz-Wolski, who asked EU’s foreign policy chief Javier Solana in a public hearing on 10 September if Russian bases in Armenia were used to launch missiles at Georgia during the conflict…

“During a visit in Baku last week, the United States’ chief mediator in the region, Matthew Bryza, said it was more important than ever to resolve the dispute after the Russia-Georgia war. ‘The recent events in Georgia underscore the importance of a timely resolution of the Nagorno-Karabakh conflict,’ he said, adding that the US strongly support[s] the sovereignty and territorial integrity of Azerbaijan.”

Far-Right’s Strong Gains in Austrian Elections

AFP reported on September 28:

“Austria’s far-right notched up the strongest gains in snap parliamentary elections Sunday, while the two main parties, the Social Democrat SPOe and centre-right OeVP, slumped to historic lows.

“The SPOe and the OeVP, whose ‘grand’ coalition held power for just 18 months, held on to the first and second places again this time round, according to preliminary estimates… But voter dissatisfaction with the left-right coalition, which collapsed in bitter disarray three months ago, meant the two parties lost valuable votes to the far-right Freedom Party (FPOe) and Alliance for the Future of Austria (BZOe).

“According to an estimate…, the Social Democrat SPOe scored 29.2 percent of the vote and the centre-right People’s Party or OeVP came second with 24.9 percent. The far-right Freedom Party or FPOe saw its score jump by 7.3 percentage points to 18.3 percent. Joerg Haider’s BZOe nearly trebled its showing at 11.5 percent, while the environmentalist Greens came fifth with 9.8 percent… Final results will be published on October 6, after some 586,700 absentee ballots — almost ten percent of the electorate — have been tallied.”

The Associated Press added on September 28:

“At this point, the two right-wing parties were not expected to join forces due to resistance from Freedom Party chief Heinz-Christian Strache. However, Joerg Haider, leader of the Alliance for the Future of Austria, has suggested it is something worth thinking about. And Strache on Sunday suggested he was interested in becoming chancellor.”

Austria’s Far Right

Der Spiegel Online wrote the following on September 29:
 
“… But will Strache be the kingmaker? As a young man, Strache played paramilitary games with known neo-Nazis in the forests of Carinthia, and he has been forced to admit having had close ties with the now-outlawed right-wing extremist ‘Viking Youth’ group. But now he plays the part of a Mr. Goody-Two-Shoes and demands that he be given an important role in the future government, and he even drops rather big hints that he has his eyes set on becoming chancellor. Newcomers, immigrants and asylum seekers — they will all have to brace themselves for what lies ahead, as will the political system in the Alpine state. That’s because Strache isn’t the type of person concerned with making peace; he’s much too interested in using some heavy rhetorical baiting… And he loves to speak out against foreigners…

“Strache is in no way the only one who has benefited from the Austrians’ frustration at the political status quo. His former mentor, Jörg Haider and his right-wing Alliance for Austria’s Future (BZÖ) party were able to pull in 11 percent of the vote — or almost three times as much as they did in the last elections… Haider’s success was the biggest surprise of the election.

“Though they were once close, Haider and Strache have now completely fallen out. Strache accuses his former mentor of having betrayed the FPÖ. Following a disagreement, Haider abandoned the FPÖ in 2005 and founded the BZÖ. But political observers in Vienna are already asking themselves what would happen if the two rivals were to patch up their differences and join forces into an alliance… If they did so, the whole political power structure in Austria would be thrown into complete confusion.

“Together, the FPÖ and the BZÖ would have 29 percent of the vote, which would put them at eye level with the SPÖ. Even if the far right is fragmented into two parties, it is still stronger than it ever has been. Indeed, it is in an even stronger position than it was in 1999, when Haider made the FPÖ the second-strongest party with 27 percent of the vote…

“After the 1999 election, then party chairman Wolfgang Schüssel scored an historic coup: By pulling Haider’s FPÖ, which secured the third most votes, into the government, he not only snapped the chancellery away from the Social Democrats, but also ended a decades-long tradition of joint Christian- and Social Democratic rule. For years, Schüssel gloated about the fact that — by including the right-wing populist FPÖ into his government as well as its leading figure Haider — he had helped to eliminate the far-right’s mystique. But Sunday’s election result has proved otherwise.”

Rightwing Populism on the Rise in Europe

The Financial Times wrote on September 30:

“In 2000, Austria was shunned by most of its European Union partners after Wolfgang Schüssel invited the far right Freedom party into a coalition with his conservative People’s party. Eight years later, the possible return to government of the extreme right is high on the political agenda again after two far right parties scored massive gains in Sunday’s general election. But even if the far right re-enters the halls of power, political pundits expressed confidence yesterday that there would be no repetition of Austria’s isolation.

“That is largely because of a shift in Europe’s political landscape since Vienna was ostracised. Rightwing populism has gained ground amid fears of unfettered immigration and anxieties about crime and social security abuses by foreigners… another grand coalition [in Austria] could ultimately benefit the far right. Some Austrian analysts believe that Mr Haider and Mr Strache might one day even feel bold enough to form a government themselves…”

Bavaria’s Disastrous Elections–Are Big Changes Coming in Germany?

Der Spiegel Online wrote on September 29:

“Bavaria’s Christian Social Union has lost its absolute majority after suffering its worst election result in over half a century. German commentators warn that the consequences of the CSU decline could be felt far away in Berlin… The sister party to Chancellor Angela Merkel’s Christian Democrats may have ended up with 43.4 percent of the vote but in Bavaria that is the equivalent to a political debacle. The CSU has grown used to an absolute majority in state elections and a monopoly on power in Bavaria, German’s largest and richest state. Only five years ago the party experienced its second highest vote of 60.7 percent.

“Following the ousting of long-time leader Edmund Stoiber last year a new leadership duo was put in place but neither Governor Günther Beckstein nor CSU party head Erwin Huber have shone and supporters have defected to both the pro-business Free Democrats and the conservative protest group the Freie Wähler (free voters.) Now the CSU faces the novel task of having to court potential coalition partners.

“The left, however, failed to capitalize significantly on the Bavarians’ dissatisfaction with the CSU. The Social Democratic Party (SPD), despite a recent change of leadership in Berlin, saw its vote actually fall below its abysmal 2003 tally while the Left Party didn’t quite make it past the 5 percent hurdle to secure seats in parliament…

“The center-left Süddeutsche Zeitung, which is based in the Bavarian capital Munich, writes:

“‘The unthinkable has happened: The CSU has not only lost its absolute majority, but it can no longer govern Bavaria without a coalition partner…’

The conservative Die Welt writes:

“…’The CSU disaster is something of a mystery. Five years ago Stoiber achieved 60.7 percent, the second best state election result in the party’s history. However, soon afterwards the people and the party were united in wanting rid of the governor … Stoiber was pushed out of office in a putsch — and it was done completely openly. The CSU knew that they didn’t want him anymore. But they had no idea what they wanted instead. Now they are paying the price.’…

“The financial daily Handelsblatt writes:

“Politics will be exciting over the next few months not just in Bavaria but at the federal level. The union must now show whether the disaster in Bavaria rips it out of its lethargy or if it will go on dozing. They can no longer rely on the big win in the south balancing out weak results in the north. It should now be clear … that the CDU and the CSU have not yet won the 2009 federal elections… The worse the economic problems are perceived, the less Merkel’s policy will bear up. Like Huber and Beckstein she has believed that she will be rewarded for the economic upswing. Now she will have to rush to find an alternative route to that of the two crash pilots.'”

America Tries to Threaten and Blackmail Europe

The Daily Mail wrote on September 29:
 
“American anti-terror chiefs are threatening to withdraw the Visa Waiver Scheme for British and European tourists unless the EU signs an agreement on the new measures before Christmas. Under the US Homeland Security scheme, all travellers – including children – without a visa must fill out a detailed online questionnaire about their health and criminal history at least three days before departure…

“The measures have caused concern among European leaders and data protection authorities, with the EU demanding assurances about how the information will be used, who will have access to it and how long it will be kept…

“Michael Chertoff, director of the Department of Homeland Security, has called a halt to negotiations and is warning the European Commission that it must agree to the measures before the end of the year… The blunt rebuttal to EU concerns comes after the influential American Civil Liberties Union warned: ‘The negotiations under way between US security agencies and their European counterparts over the transatlantic transfer of personal data are just the latest of . . . the Bush Administration’s attempts to collect the personal information of an increasing share of the world’s population…”

Tight Cooperation Between Russia and Venezuela

The Los Angeles Times wrote on September 27:

“Venezuelan President Hugo Chavez was feted here Friday with what are emerging as the trademark tokens of Russian favor: oil and gas deals; the promise of nuclear cooperation; and, most significant, a $1-billion loan to buy weapons. Moscow agreed to lend Venezuela money to buy a wide variety of Russian weaponry and hardware… Reminiscent of Soviet loans to its Cold War allies, the deal is among a number gradually binding the two oil-rich governments, whose ties with the U.S. are strained, into tight cooperation… Russia sent a pair of strategic bombers to Venezuela this month for training exercises… In November, Russia is expected to dispatch warships for exercises in Venezuelan waters…

“In recent years, [Chavez’s] country has ordered more than $3 billion of Russian weapons and military hardware, including helicopters, missile defense systems and dozens of fighter jets. Russia also has sold Venezuela about 100,000 assault rifles and started work on two Kalashnikov plants in Venezuela…

“During Friday’s meetings, Putin also said that Russia was ready to cooperate with Venezuela on nuclear energy. Their ministries signed a memorandum of understanding that sets out plans for an energy consortium. The deal would give Russian companies greater access to fields in Venezuela, which would reap billions of dollars in Russian investments.”

Largest Bank Failure in US History

The Associated Press reported on September 26:

“As the debate over a $700 billion bank bailout rages on in Washington, one of the nation’s largest banks — Washington Mutual Inc. — has collapsed under the weight of its enormous bad bets on the mortgage market.

“The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift’s banking assets to JPMorgan Chase & Co. for $1.9 billion.

“Seattle-based WaMu, which was founded in 1889, is the largest bank to fail by far in the country’s history. Its $307 billion in assets eclipse the $40 billion of Continental Illinois National Bank, which failed in 1984, and the $32 billion of IndyMac, which the government seized in July… The seizure by the government means shareholders’ equity in WaMu was wiped out.”

The Failed Bail-Out Plan

The New York Times wrote on September 29:

“The collapse of the proposed rescue plan for the teetering financial system was the product of a larger failure — of political leadership in Washington — at a moment when the world was looking to the United States to contain the cascading economic crisis.

“From the White House to Congress to the presidential campaign trail, the principal players did not rally the votes they needed in the House. They appeared not to comprehend or address in a convincing way an intense strain of opposition to the deal among voters. They allowed partisan politics to flare at sensitive moments.

“If there was any doubt that President Bush had been left politically impotent by his travails over the last few years and his lame-duck status, it was erased on Monday when, despite his personal pleas, more than two-thirds of the Republicans in the House abandoned the plan.

“While there were lawmakers who opposed the package on the merits, with Election Day just five weeks away, substantial numbers decided that to favor the bill would be to imperil their own political futures. And once the vote was under way and so few Republicans were voting aye, Democrats were disinclined to force more of their members to help pass the unpopular plan.

“The leaders of both parties failed, many analysts agreed, in bringing the measure to the House floor without knowing whether it had the votes to pass — a bad move at any time, but especially so in this case given the risk of the markets and the badly weakened financial system reacting badly…

“The candidates to replace Mr. Bush, Senator John McCain and Senator Barack Obama, were far from Washington, bit actors at best in helping to resolve a crisis that one of them will inherit… The episode underscored that Mr. Bush’s credibility and political clout, long gone among Democrats, is lacking among Republicans as well.”

After Rejection of Bail-Out Plan—Biggest Single-Day Loss EVER

CNNMoney.com reported on September 29, 2008:

“Stocks skidded Monday… in the biggest single-day point loss ever, after the House rejected the government’s $700 billion bank bailout plan. The day’s loss knocked out approximately $1.2 trillion in market value, the first post-$1 trillion day ever… The Dow Jones industrial average lost 777.68, surpassing the 684.81 loss on Sept. 17, 2001 – the first trading day after the September 11 attacks.”

The Los Angeles Times added on September 29:

“Stocks plunged today as the House of Representatives shocked Wall Street by voting down the government’s proposed $700-billion financial-system bailout. The Dow Jones industrial average fell more than 700 points as the vote was being concluded and investors realized that the uncertainty that pervaded Washington and Wall Street last week would continue this week… The vote threw another monkey wrench into an already chaotic stock market, with investors speculating about when and whether the rescue measure would be resurrected and how the troubled credits markets would fare in the meantime…

“An agreement by Citigroup Inc. to take over the banking operations of troubled Wachovia Corp. in a government-brokered deal — plus a series of bailouts of major banks in Europe overnight — served as a reminder that some large banks remained at risk. Stocks around the world fell hard overnight as news of the European bailouts raised fear that the financial crisis is increasingly infecting banks outside the United States.”

America’s Long Recession

AFP wrote on September 30:

“A vacuum of fear is causing a desperate shortage of funds in the interbank system, despite infusions from central banks, and is a critical factor in pressures that have brought down many top names in US and European banking… Around the world officials and commentators used the language of disaster and despair to describe the possible impact of further delay in US action on the world economy and especially the interbank lending system…

“Former World bank chief economist and Nobel economics prizewinner Joseph Stiglitz [said]… ‘We will have other dramatic failures of financial institutions. The American economy is headed into a long recession.'”

Europe Feels the Heat

Reuters reported on September 29:

“The governments of Belgium, the Netherlands and Luxembourg moved to partly nationalize Belgian-Dutch group Fortis NV with an injection of more than $16 billion. German lender Hypo Real Estate Holding AG secured a credit line from the German government and banks of up to 35 billion euros.

“British mortgage lender Bradford & Bingley Plc was brought under the government’s wing. Shares of French bank Dexia tumbled on a report it might need emergency capital, and bank rescue deals also emerged in Iceland, Russia and Denmark.

“‘The contagion is spreading to mainland Europe and everyone’s asking, “Who’s next?”‘ said Mark Sartori, head of European sales trading at Fox-Pitt, Kelton in London…

“In the Fortis rescue, the governments of Belgium, the Netherlands and Luxembourg agreed to inject 11.2 billion euros ($16.4 billion) into the banking and insurance company, which has 85,000 staff worldwide.”

Germany Blames USA For Financial Crisis–Which May Be Hypocritical

Der Spiegel Online wrote on September 26:

“Germans were reacting to the finger-wagging performance of German Finance Minister Peer Steinbrück before the federal parliament, the Bundestag, on Thursday. ‘The world will never be the same as it was before the crisis,’ Steinbrück told German lawmakers. ‘The US will lose its status as the superpower of the global financial system.’ His speech blamed Wall Street’s ‘blind drive for double-digit profits’ and insufficient regulation for the crisis…

“In Friday’s papers, German commentators digest Steinbrück’s comments in a number of ways. In general, though, none of them appear ready to gloat — and none of them are ready to believe that the danger has passed.

“The center-right Frankfurter Allegemeine Zeitung writes:

“‘It’s the rhetoric of Sept. 11. … But this crisis actually has much larger dimensions than the attack against the twin towers and collapse seven years ago. Why? Because, this time, the attack on all-American doctrines is not the work of some foreign enemy. It comes from within, from the depths of the system. Largely unobstructed by its own state controls, American capitalism has created its own suicide bomber whose explosives — derivatives — have had an even greater effect than the flying bombs of the jihadists. The whole world — and not just New York — has a new ground zero now — Wall Street.’

“‘Germany will also pay a high price for the sins of the US financial system — higher even than the €320 million that the KfW so prematurely transferred to the bankruptcy administrators of Lehman Brothers. Even if German banks and the German credit system are spared from the chain reaction of a crash, the aftereffects on this side of the Atlantic will be plenty painful: shrinking growth, higher unemployment and less room to maneuver.’

“The Financial Times Deutschland writes:

“‘There’s no doubt that Steinbrück was right on a lot of points. But the finance minister’s droning self-righteousness was completely out of place. And it can’t distract us from the fact that he hasn’t provided answers on a number of important issues. You can start by taking a look at continuing economic developments. Steinbrück is now trying to propagate the theory that the US financial crisis is stabbing Germany’s solid economy in the back. But that is nonsense, as can be seen with a cursory glance at the pertinent figures, which show that the economic downturn had already begun much earlier. Steinbrück also gave no hint at how he will handle the foreseeable slump. There wasn’t much more than the impassioned warning of hard times ahead.’…

“The center-left Süddeutsche Zeitung writes:

“‘The government in Washington is trying to plaster over this crisis with strong words — and with strong acts, by bracing itself against the crisis with a $700 billion rescue plan. But… it could still go awry. Were that to happen, there might be a chain reaction: Banks could go belly up, one after the other; lending institutions could constrict the amount they grant in loans; the crisis could overwhelm the real economy; and companies could start going into tailspins. And in the end, just as Bush is warning us, millions of jobs could be lost. This could happen, but it doesn’t have to. If governments, central banks and overseers really take the right steps, and if they can boost the economy and not just rescue the speculators by buying them, it might be possible to get past this crisis. But it will presumably take a long time. However, if politicians and overseers continue to make as many mistakes as they have in the last few years, disaster awaits us.'”

A Country on Its Way Down

The German magazine, Der Stern, wrote the following on September 30:
 
“The suicidal ‘No’ of the American Congress shows the downfall of the USA… ‘We are dealing with a government which is unable to function in times of great need,’ economic commentator Paul Krugman said sadly, but correctly. ‘A group of insane people acts in Congress, and nobody trusts the White House anymore. We are a banana republic with atomic weapons.’… President Bush… is now lamer than a lame duck… Wall Street is dead… What is left is a weak, insecure America. A country on its way down. It has to come soon to its senses, so that it does not continue to drag along [or destroy] the entire world…”
 
Der Spiegel Online wrote on September 30, under the headline, “The End of Arrogance”:
 
“The banking crisis is upending American dominance of the financial markets and world politics. The industrialized countries are sliding into recession, the era of turbo-capitalism is coming to an end and US military might is ebbing. There are days when all it takes is a single speech to illustrate the decline of a world power. A face can speak volumes, as can the speaker’s tone of voice, the speech itself or the audience’s reaction. Kings and queens have clung to the past before and humiliated themselves in public, but this time it was merely a United States president. Or what is left of him… Even America’s closest allies are distancing themselves — first and foremost the German chancellor…
 
“Economists now characterize what began two years ago with falling prices in the American real estate market as the biggest economic disaster since the world economic crisis of the 1930s. No one knows whether and how the meltdown of global financial markets, which would have grave consequences for the world economy, can still be prevented. And now, of all times, the world is faced with a preeminent power that no longer seems capable of leading and a US president who is not even able to unite his divided country in an hour of need.”

US Senate Attempts to Save Bailout

The United States Senate met in an urgent attempt to respond to America’s money crisis.

CNN Money.com reported on late Wednesday, October 1:
 
“The Senate on Wednesday night passed a sweeping and controversial financial bailout similar in key ways to one rejected by the House just two days earlier.”
 
The article continued, “The legislation, if passed by the House, would usher in one of the most far-reaching interventions in the economy since the Great Depression.”

As we explained in our last Update (#363), the vision of the “measuring line” clearly deals with prophetic events for us today and for our immediate future. It should therefore be self-evident that the statements immediately following that vision are likewise addressing events, which will shortly come to pass.

Zechariah 2:6-13 reads:

(6) “‘Up, up! Flee from the land of the north,’ says the LORD; ‘for I have spread you abroad like the four winds of heaven,’ says the LORD. (7) ‘Up, Zion! Escape, you who dwell with the daughter of Babylon.’ (8) For thus says the LORD of hosts: ‘He sent Me after glory, to the nations which plunder you; for he who touches you touches the apple of His eye. (9) For surely I will shake My hand against them, and they shall become spoil for their servants. Then you will know that the LORD of hosts has sent Me. (10) Sing and rejoice, O daughter of Zion! For behold, I am coming and I will dwell in your midst,’ says the LORD. (11) ‘Many nations shall be joined to the LORD in that day, and they shall become My people. And I will dwell in your midst. Then you will know that the LORD of hosts has sent Me to you. (12) And the LORD will take possession of Judah as His inheritance in the Holy Land, and will again choose Jerusalem. (13) Be silent, all flesh, before the LORD, for He is aroused from His holy habitation!'”

1) Who Is Speaking?

This passage in Zechariah 2:6-13 is one of those remarkable passages in the Old Testament which prove that God is not just one Person. We read that the LORD says that He will send the LORD. Notice carefully: In verse 10 we read that the LORD says that He is coming and that He will dwell in the midst of His people–an obvious reference to the Second Coming of Jesus Christ (more fully explained below). But then, we read in verse 11 that God’s people will know that the “LORD of hosts” has sent “Me” [i.e., the LORD, mentioned in verse 10]. So we see that the FATHER–called the LORD of hosts–will send Jesus Christ–also referred to as the LORD–back to this earth. The word “LORD” in the Old Testament can therefore refer to either the Father or the Son–depending on the context.

John Gill’s Exposition of the Entire Bible states that the Personage speaking here [i.e., the LORD] is “Christ, sent by [the LORD, i.e.] God the Father; and who will be known and owned by the Jews, as well as by the Gentiles…, when they shall be converted, and antichrist shall be destroyed.”

Our free booklet, “God Is A Family,” describes and explains this fact in more detail. Under the headline, “The Prophet Zechariah Understood,” the following is pointed out:

“Reading in Zechariah 4:8–9: ‘Moreover the word of the LORD [in Hebrew, ‘Yahweh’] came to me, saying: The hands of Zerubbabel Have laid the foundation of this temple; His hands shall also finish it. Then you will know That the LORD [in Hebrew, ‘Yahweh’] of hosts has sent Me [“Yahweh”] to you.’

“We see in this passage that the LORD [‘Yahweh’] sent the LORD [‘Yahweh’]. The expression, ‘Yahweh,’ then is applied to both God beings. As we will see in more detail, both God the Father and Jesus Christ are referred to in Scripture as ‘Yahweh’—the ‘I AM’ (compare Exodus 3:14)—basically meaning, ‘the Eternal,’ or, ‘the Ever-living One.’ This fact alone proves that both the Father and Jesus Christ have always existed—that they are God beings, and that the Old Testament teaches that there is more than just one God being.

“Zechariah 6:9, 12–15 confirms this conclusion: ‘Then the word of the LORD [‘Yahweh’] came to me, saying… (v. 12) Then speak to him, saying, Thus says the LORD [‘Yahweh’] of hosts, saying: Behold, the Man whose name is the BRANCH! From His place He shall branch out, And He shall build the temple of the LORD [‘Yahweh’]; Yes, He shall build the temple of the LORD [‘Yahweh’]. He shall bear the glory, And shall sit and rule on His throne; So He shall be a priest on His throne, And the counsel of peace shall be between them both. Now the elaborate crown shall be for a memorial in the temple of the LORD [‘Yahweh’]… Even those from afar shall come and build the temple of the LORD [‘Yahweh’]. Then you shall know that the LORD [‘Yahweh’] of hosts has sent Me to you. And this shall come to pass if you diligently obey the voice of the LORD [‘Yahweh’] your God.’

“Again, we see, that the God being, referred to as ‘Yahweh’ here, sent the second God being, also referred to as ‘Yahweh.’ It is ‘Yahweh’ who says that ‘Yahweh’ sent Him to the people. This passage does not refer to just a human messenger, or to an angel to convey the ‘word of the LORD,’ while the ‘LORD’ is speaking about Himself. Note that the New King James Bible capitalizes the word ‘Me’ in ‘…the LORD of hosts has sent Me to you.’ They convey the intended meaning that the word ‘Me’ refers to one of the two God beings, and not to a human or angelic messenger.

“A third passage in the book of Zechariah, proving that the word ‘Yahweh’ applies to both God beings, can be found in chapter 2, verses 8–11. Again, we read what the LORD [‘Yahweh’] says, ‘And I will dwell in your midst. Then you will know that the LORD [‘Yahweh’] of hosts has sent Me to you’ (verse 11).”

2) The Identity and Meaning of “Zion”

We read in Zechariah 2:7 that “Zion,” which is “dwelling with the daughter of Babylon,” is to flee out of the “land of the north.” Who is Zion?

We pointed out the following in one of our Q&As on “Zion,”:

“In the time of Abraham, the place where the city of Zion was built was known as Salem. It is from this city that Melchizedek reigned as king and priest of ‘God Most High’ (Genesis 14:18)… the meaning of Zion continued to expand in its usage throughout the Bible. Zion became synonymous with Jerusalem and Israel and was applied to the land and people that God had chosen, as well. For example, Jerusalem and its inhabitants are personified as the ‘daughter of Zion’ (Compare Isaiah 62:11; Zechariah 9:9; and, Matthew 21:5).

“Zion is especially significant regarding the many prophetic statements concerning the establishment of God’s Kingdom on the earth and the location of His rule. ‘For the LORD has chosen Zion; He has desired it for His dwelling place: “This is My resting place forever; Here I will dwell, for I have desired it”‘ (Psalm 132:13-14). Zion is called the ‘…city of God’ (Psalm 87:3) and the ‘…city of the great King’ (Psalm 48:2)… Another reference states: ‘For out of Zion shall go forth the law, And the word of the LORD from Jerusalem’ (Isaiah 2:3). Psalm 102, verse 16, explains: ‘For the LORD shall build up Zion; He shall appear in His glory.’

“The physical location of Zion is the place on this earth where Jesus Christ will assemble those who have part in the first resurrection (or who are changed from mortal to immortal — compare 1 Corinthians 15:51-52 and 1 Thessalonians 4:13-18): “Then I looked, and behold, a Lamb standing on Mount Zion, and with Him one hundred and forty-four thousand, having His Father’s name written on their foreheads’ (Revelation 14:1)…

“We see, then, that the meaning of Zion is far more than its original designation as a Jebusite stronghold or fortress. Zion depicts the headquarters for governmental administration — that is, for God’s rule in and from heaven; for a united Israel under King David; and eventually for the rule of God’s government over mankind. Importantly, Zion also describes the people and the land of promise as a symbol of the hope that God has prepared for all nations!”

As pointed out above, “Zion” can refer to the chosen people of God. This means that it can refer to and include, symbolically, the members of the New Testament Church of God. Christ will rule with His saints–Spirit-born Church members–from Jerusalem. As “Zion” can refer to a physical location as well as the physical people of Israel and Judah, so it can also refer to the people of spiritual Israel–true Christians.

We must understand God’s admonition to “Zion” to flee out of the “land of the north” mostly in this context. As we will point out below, God warns true Christians to separate themselves, spiritually, from the end-time Babylonian system, as He will destroy it in due time because of its sins.

3) Time Setting

As mentioned, Zechariah’s prophecy addresses our time. For example, we read in verse 11 that many nations will join God “in that day.” The phrase, “in that day,” refers ALWAYS to the time just prior to, or subsequent to Christ’s return. Another expression would be, “the day of the Lord.”

A similar description of the events just following Christ’s return and His rule in Zion [Jerusalem] can be found in Isaiah 2 (mentioned above). We read in Isaiah 2:2-4: “Now it shall come to pass in the latter days That… all nations shall flow to it [the Lord’s house, verse 1]. Many people shall come and say, ‘Come, and let us go up to the mountain of the LORD, to the house of the God of Jacob; He will teach us His ways, And we shall walk in His paths.’ For out of Zion shall go forth the law, And the word of the LORD from Jerusalem.”

We also read, in Zechariah 2:6, that God has spread abroad Zion like “the FOUR WINDS OF HEAVEN.” This can be understood as a reference to the physical end-time descendants of the ancient houses of Israel and Judah who will be enslaved in many countries. Jeremiah 23:8 prophesies that Christ, when He returns, will free the remnants of Israel and Judah from their captivity:

“…’As the LORD lives who brought up and led the descendants of the house of Israel from the NORTH COUNTRY and from ALL THE COUNTRIES where I had driven them.” Compare also Jeremiah 3:18; 16:14.

These passages could also refer to Christ’s disciples–members of spiritual Israel–the Church of God. We read in Matthew 24:31 that Christ, at His return, “will send His angels with a great sound of a trumpet, and they will gather together His elect FROM THE FOUR WINDS, from ONE END OF HEAVEN to the other.”

4) Flee from Babylon

We are told, in Zechariah 2:6-7, that the daughter of Zion is to flee and escape from the “land of the north”–the “daughter of Babylon.”

Albert Barnes’ Notes on the Bible explains that “The north country, although its capital and center was Babylon, was the whole Babylonian empire, called ‘the North’… because its invasions always came upon Israel from the north.”

End-time Israel will be conquered by the “king of the North” (Daniel 11:40-42). This king will be the last leader of the revived Holy Roman Empire. He is also referred to as the “beast” in the book of Revelation. He will be the military leader of modern Babylon.

Even though the end-time relevance of God’s admonition to flee from or escape out of the land of the north–i.e., modern Babylon–can be hardly overlooked, some commentaries try to apply this warning only to the Jews at the time of Zechariah. However, the New Testament repeats God’s warning, addressed to His people in the end time. Zechariah’s admonition to Zion to escape from the “land of the north” is foremost directed at spiritual Israel–the “Church of God.” So is the following warning in Revelation 18:4: “And I heard another voice from heaven saying, ‘Come out of her [Babylon, verse 2], my people, lest you share in her sins, and lest you receive of her plagues.”

Additional end-time warnings, pertaining to the same circumstances, can be found in Jeremiah 50:8 and Jeremiah 51:6, 45.

God does not want His people to dwell with the “DAUGHTER of Babylon”–the revived modern Babylonian system. The commentary of John Gill’s Exposition of the Entire Bible states: “… it may be rendered, ‘[Zion] inhabits the daughter of Babylon’;… dwells in [her] cities, towns, and villages, belonging to it.”

5) Be Silent, for God Is Aroused

Zechariah 2:13 tells us to be silent–or to stand in awe and amazement–when Christ returns to this earth to take vengeance on the enemies of God (2 Thessalonians 1:6-10; Revelation 6:10).

The commentary of Jamieson, Fausset and Brown explains:

“[God] is raised up out of his holy habitation–that is, out of heaven… to judge and avenge His people… the call to all to ‘be silent’ is… when God has come forth from heaven where so long He has dwelt unseen, and is about to inflict vengeance on the foe, before taking up His dwelling in Zion and the temple… God is now ‘silent’ while the Gentile foe speaks arrogance against His people; but ‘our God shall come and no longer keep silence’; then in turn must all flesh ‘be silent’ before Him.”

In conclusion, Zechariah’s prophecy is directed at us today. It contains a warning to separate ourselves–in conduct and in mind–from this wicked world and its environment, which will reach its evil culmination in a future revival of the ancient Roman Empire. The Bible calls this last revival “Mystery, Babylon the Great, the mother of harlots and of the abominations of the earth” (Revelation 17:5). Christ will return soon to avenge His people and to spoil those who spoiled them (compare Zechariah 2:8-9). Until that time, God’s true servants must be sober and of a sound mind, resisting the temptation of wanting to belong to and befriend the people of this world–this Babylonian system–in order to follow their bad example. After all, this present evil age, with its lusts and passions, will pass away very soon.

Lead Writer: Norbert Link

The sermon, “The Mystery of Righteousness” from September 30, 2008, by Norbert Link, was posted on Google Video.
 
A new StandingWatch program was posted on StandingWatch, Google Video and YouTube. It is titled, “After the Great Crash of 2008.” In the program, Norbert Link discusses our present and future financial situation in the USA and around the world. Here is a summary of the program:
 
Note these comments in the American and European press: “Almost Financial Armageddon”; “Economic Pearl Harbor”; “Apocalypse–Now?”; “U.S. System Is Collapsing”; “US will lose its status as the Superpower”; “Attack on America from within”; and “American capitalism has created its own suicide bomber.” WHY are we in such deep financial trouble? And let us not naively assume that our current or future political leaders will rescue us and bring us back to financial prosperity!

Additionally, the following sermon has been posted on Google Video: Edwin Pope, Bible Study–Our Calling–A Privilege, October 8, 2005.

by Manuela Mitchell

Every year I try to prepare myself for the spontaneous trials that may occur around the Holy Day season. I never know how I will overcome these trials, but most of the time, they are already expected. My reactions vary in each occurrence. Even though I “plan” for a trial to occur, I still find myself impatient, frustrated, annoyed, insecure, and sometimes even helpless. Satan tries in every aspect to make things more and more difficult than they really are; while God allows the way of escape through self-recognition and prayer.

Just recently I realized that my dog training class, which I teach, fell on the Tuesday of a Holy Day. So, I talked to my class and asked if we could arrange a session on a different day of the week. Most were compliant, and some were neutral, but we all finally agreed on Monday evening because some couldn’t attend the class on any other day – which was great. When I got home, I realized that Monday evening was the start of the Holy Day. What was I thinking!!!!??
 
I felt horrible, and didn’t know what to do, since I thought I would lose my clients if I cancelled again. I prayed, asking for strength and to help convince my students’ minds that I wasn’t incompetent. I called my clients, re-apologized, and to my surprise, everyone understood; no one was angry and somehow, everyone was able to accommodate different schedules, including mine. I expected trials, but I didn’t expect to feel worried for 4 hours before I finally asked God for help and then informed my students about the second change. I should always expect room for improvement.

On Saturday, September 27, 2008, Dave Harris will give the sermon from Colorado, titled, “By Faith.”

The services can be heard at www.cognetservices.org at 12:30 pm Pacific Time (which is 2:30 pm Central Time). Just click on Connect to Live Stream.

On Tuesday, September 30, 2008, is the Feast of Trumpets.

Rene Messier will give the sermon in the morning from Oregon, titled, “Trumpets and You.” Norbert Link will give the sermon in the afternoon from California, titled, “The Mystery of Righteousness.”

The services can be heard at www.cognetservices.org at 9:00 am Pacific Time (which is 11:00 am Central Time) and at 12:30 pm Pacific Time (which is 2:30 pm Central Time). Just click on Connect to Live Stream.

This is a message of the most extreme importance. Be ready to flee today …but continue to live your life like Christ will not return for many years. In other words, hurry up and wait!

Since Christ came nearly 2000 years ago, many have been expecting His return in their lifetime. How long have we been awaiting the arrival of Christ or more specifically, certain events leading up to His Second Coming? The answers will no doubt range from a very short time to many decades. But no matter how long it has been, are we maintaining a sense of urgency?

Now, the problem with the title and opening sentence of the Editorial is that we are so inundated with emails, snail mail, and ads in general that are saying the exact same thing, that the tendency for us is to tune it out. When we read the Bible, hear sermons, read Editorials, peruse Current Events and Q&As, are we inclined to do the same? God forbid!

Now here is a little test: Did any of us just skim over the last emphatic statement at the end of the preceding paragraph or did we take it to heart? Only you can answer the question and only you can be the one to decide to heed the warnings of the Bible for our time and be compelled to press forward.  No matter how many times we have heard this before, NOW is the time to really do it… and so is tomorrow.

Brethren, “let us not grow weary while doing good, for in due season we shall reap if we do not lose heart.”

Needed–A Plan to Rescue Us from the New Bailout Plan

The Associated Press announced on September 25:

“Warned of a possible financial panic, key Republicans and Democrats reported agreement in principle Thursday on a $700 billion bailout of the financial industry and said they would present it to the Bush administration in hopes of a vote within days… ‘I now expect that we will indeed have a plan that can pass the House, pass the Senate (and) be signed by the president,’ said Sen. Bob Bennett, R-Utah. The bipartisan consensus on the general direction of the legislation was reported just hours before President Bush was to host presidential contenders Barack Obama and John McCain and congressional leaders at the White House for discussions on how to clear obstacles to the unpopular rescue plan.”

WHY is that plan so “unpopular”?

On September 19, The Financial Times wrote in more detail about the proposed plan of the federal government to rescue or bail out troubled banks. This “magnificent” plan proposes that the government borrows money to buy bad loans from troubled banks for the purpose of wiping out most of them, thereby freeing those troubled banks from their problems and allowing them to borrow more money. Of course, ultimately the tax payer will have to bleed for these grandiose concepts. In addition, note what the Financial Times writes:

“A copy of the draft legislation, obtained by Reuters, also calls for raising US borrowing authority to $11.315 trillion [the U.S. national debt is right now about $9.6 trillion]… The political negotiations on the rescue plan, which followed a week of unprecedented stress in global financial markets, envisage the most extensive peacetime expansion of the role of government in the financial system since the Great Depression and appeared to many to mark the end of an era of Reaganite deregulation.”

The Financial Times added on September 24:

“The cost of the Treasury plan to save the US financial system from collapse cannot be estimated because it is too vague, Peter Orszag, head of the Congressional Budget Office, told legislators on Wednesday. At a hearing before the House budget committee, Mr Orszag said: ‘The secretary would have the authority to purchase virtually any asset, at any price, and sell it at any future date; the lack of specificity regarding how that authority would be implemented makes it impossible at this point to provide a quantitative analysis of the net cost to the federal government.’

“But Mr Orszag added that the CBO, which analyses the cost of legislation on a non-partisan basis, expected the Treasury to ‘fully use’ the $700bn authority in the fiscal year of 2009 it is demanding. Over time, he said, the government would recover some of that money, but the extent to which this would happen could not be estimated…

“Meanwhile, new data showed that existing home sales dropped by 2.2 per cent in August, which was much worse than expected and highlighted the continuing downturn in the US housing market.”

President Bush: USA in Serious Financial Crisis

Reuters reported on September 24:

“President George W. Bush on Wednesday said the United States was in a serious financial crisis as he tried to convince Americans to support a $700 billion financial rescue plan… He warned that ‘the market is not functioning properly,’ there is widespread loss of confidence, major sectors are at risk, and more banks could fail and threaten sending the U.S. economy into recession. ‘We must not let this happen,’ Bush said.”

“Almost Armageddon” –Until Next Time…

The New York Post wrote on September 21:

“The market was 500 trades away from Armageddon on Thursday… Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed… money market funds were inundated with $500 billion in sell orders prior to the opening…

“The panicked selling was directly linked to the seizing up of the credit markets… and the rumors of additional money market funds ‘breaking the buck,’ or dropping below $1 net asset value. The Fed’s dramatic $105 billion liquidity injection on Thursday (pre-market) was just enough to keep key institutional accounts from following through on the sell orders and starting a stampede of cash that could have brought large tracts of the US economy to a halt.”

“An Economic Pearl Harbor”–And “No Plan B”!!!

Bloomberg wrote on September 24:

“Billionaire investor Warren Buffett, calling the market turmoil ‘an economic Pearl Harbor,’ said Treasury Secretary Henry Paulson’s $700 billion proposal to prop up the U.S. financial system is ‘absolutely necessary.’

“‘The market could not have taken another week’ like last week, Buffett told CNBC today… ‘I think it was the last thing Hank Paulson wanted to do, but there’s no Plan B for this’… The economy is ‘everybody’s problem,’ he said…”

Germany Blames USA and Britain for Present Financial Crisis

Deutsche Welle reported on September 20:

“German Chancellor Angela Merkel… said her government had tried in vain to win G8 support last year for tighter regulation of hedge funds and financial oversight of capital markets, hinting that she felt vindicated in her stance as a financial disaster unfolded on Wall Street in recent days… In a separate interview with a Munich newspaper, Muenchner Merkur… Merkel criticized the US and British governments for obstructing Germany’s efforts in the first half of 2007 to bring greater transparency to the markets… the United States and Britain ‘did not back this to the degree required,’ she said.”

Germany and Great Britain Won’t Participate in Bailout

Der Spiegel wrote on September 22:

“On Sunday US Treasury Secretary Henry Paulson then called on foreign governments to launch… bailouts for their own banks… But the governments of Germany and Great Britain have shaken their heads…

“Michael Meister, the deputy head floor whip of Merkel’s Christian Democrats (CDU)… said the US could be laying a foundation for the next crisis with its multibillion dollar bailout… Joachim Poss, deputy parliamentary whip for the center-left Social Democrats, also rejected calls from Washington to participate in the bailout. ‘The Americans can’t make Germany liable for their own failure and arrogance. A similar action is neither planned nor necessary in Germany,’ he said…

“In Britain, Prime Minister Gordon Brown told the BBC: ‘People were taking risks that were excessive — and that was mainly in my view in America and we are paying a price for what has come out of America.'”

“The US System Is Collapsing…”

The Los Angeles Times wrote on September 20:

“… the economic meltdown that wrought its wrath from Rome to Madrid to Berlin this week brought Europeans together in a harsh chorus of condemnation of the excess and disarray on Wall Street.

“The finance minister of Italy’s conservative and pro-U.S. government warned of nothing less than a systemic breakdown. Giulio Tremonti excoriated the ‘voracious selfishness’ of speculators and ‘stupid sluggishness’ of regulators. And he singled out Alan Greenspan, the former chairman of the U.S. Federal Reserve, with startling scorn. ‘Greenspan was considered a master,’ Tremonti declared. ‘Now we must ask ourselves whether he is not, after [Osama] bin Laden, the man who hurt America the most. . . . It is clear that what is happening is a disease. It is not the failure of a bank, but the failure of a system. Until a few days ago, very few were willing to realize the intensity and the dramatic nature of the crisis… The system is collapsing, exactly like the Albanian pyramids collapsed,’ Tremonti said…

“The crisis threatens to worsen woes — inflation, unemployment, weak growth — of regional powerhouses including Britain, Spain and Italy… Among the European economies, it is Britain’s that most resembles America’s in its vulnerability… ‘The financial tsunami that has engulfed Wall Street since the weekend hit these shores yesterday,’ the Daily Telegraph declared in an editorial Thursday… ‘The spectacle across the ocean has left a lasting [negative] impression on many Europeans…”

New US-German Tensions Over Relations with Russia

Der Spiegel Online wrote on September 22:

“A US diplomat has denounced the controversial Baltic natural gas pipeline… [and has] ruffled feathers in Berlin and highlighted growing US-German tensions over relations with Russia.

“Michael Wood… has been the US ambassador to Sweden for the past two years… He wrote that the pipeline represents ‘a special arrangement between Germany and Russia’ that ‘bypasses the Baltic States and Poland,’ which are ‘potential customers.’ Wood calls for the EU to speak ‘with a single voice to counteract the power of Russia’s energy weapon.’

“… Rüdiger von Fritsch, head of economic affairs at the German Foreign Ministry, promptly called up the American embassy in Berlin and demanded an explanation. Von Fritsch said the German government was ‘annoyed’ by this highly ‘unusual’ approach.

“On the other end of the line, Deputy Chief of Mission John Koenig said that he was surprised by the ambassador’s statements. He underscored that the US position remains unchanged: Washington will issue no comment on the private pipeline deal… Nevertheless, the incident has created an air of suspicion…

“German Foreign Minister Frank-Walter Steinmeier and his team are afraid that the American slip-up has let the cat out of the bag on how the US actually views the issue. Sources inside the German Foreign Ministry say that for months US diplomats have been working behind the scenes to undermine the proposed 1,200-kilometer (745-mile) underwater pipeline between the Russian port of Vyborg and Greifswald, Germany. They say that the Americans fear the pipeline will increase Western Europe’s dependency on Russian gas and make it more vulnerable to blackmail.

“The dispute over the undersea pipeline threatens to divide the US and Europe, just as the Georgian crisis has done… When it comes to Russia, politicians in Washington generally view Germany with suspicion. They accuse the Germans of being so dependent on Russian gas that they don’t dare speak their mind to the Russian strongman, Prime Minister Vladimir Putin.

“But the Baltic States, Poland and the Scandinavians are also uneasy about the pipeline. They are afraid that Moscow and Berlin have made a special deal… Chancellor Merkel, who had already warned of the dependency on Russian gas before taking office, now supports the project without reservations.”

Needed–A New Currency Order?

Reuters wrote on September 17:

“Threatened by a ‘financial tsunami,’ the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday… The People’s Daily is the official newspaper of China’s ruling Communist Party, and the overseas edition is a smaller circulation offshoot of the main paper. Its pronouncements do not necessarily directly reflect leadership views, but this commentary by a professor at Shanghai’s Tongji University suggested considerable official alarm at the strains buckling world financial markets…

“The commentary suggested China must brace for grave economic fallout and look to alternatives, saying the crisis brings to mind the Great Depression of the 1930s. ‘Lehman Brothers’ announced bankruptcy will not only have a domino effect on the global financial world, it will bring a shock to the world economy,’ the front-page comment stated.”

China Banks Told to Halt Lending to U.S. Banks

Reuters reported on September 25:

“Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported… [It] cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.”

Apocalypse–Now?

On September 21, the British paper, The Daily Mail, published an article which dealt with the possible outcome of the present worldwide financial crisis. Although much of what is predicted in the article is pure nonsense–such as, that the current crisis will destroy the Euro–some of the opinions are worthwhile considering. Here are some excerpts:

“Almost exactly seven years ago Al Qaeda terrorists targeted their hijacked planes into the Twin Towers at the heart of New York’s financial centre — and the world was transformed. There were no deaths this week, but the effects of the carnage on the financial markets will be far more profound and destabilising than the 9/11 atrocity…

“The seismic events which have seen the near-destruction of the investment banking sector and the collapse of insurance giant AIG are on the scale of the Great Crash of 1929. That was such a disaster because it created conditions for the emergence of fascism in continental Europe and then World War II. Although it is hard to predict the consequences, we should expect ramifications of equal significance — including the re-emergence of violent Far Right parties across the globe.

“Some experts were talking this week as if the financial crisis was nearly over. They could not be more wrong. The downturn has only just begun — and for most citizens uninvolved with finance the consequences have not been felt at all. But they will be felt very soon and very brutally. The British economy is in the same position as the Texan coast earlier this month as Hurricane Ike approached — apparently calm, with life going on as normal, but an almighty storm is raging just over the horizon and heading our way with terrifying speed.

“We [in Britain] can expect a sharp increase in personal bankruptcies. Yet the numbers will not peak until this time next year at the earliest. Hundreds of thousands of people will lose their jobs, with many forced to sell their houses. Property prices will slump. There will be extreme human suffering, panic and despair. Many careers will be destroyed. This is considerably worse than the downturn of the early 1990s… Banks will foreclose on thousands of small businesses. Massive corporate failures are inevitable…

“But the biggest worry is what will happen in the U.S. Ever since the end of World War II, America has been the world’s policeman. It has been able to play this role, and see off perceived enemies, such as Soviet Russia and Saddam Hussein’s Iraq, because for the past 60 years it has been the greatest global economic power. The most important question facing the world today is whether the U.S. — already crippled by the estimated $2 trillion cost of financing the Iraq occupation — can afford to continue its global role. The historical precedent is far from encouraging… America’s global dominance — already threatened by the emergence of rival economic powers such as China — may soon be coming to its end…

“The world that will emerge from the Great Crash of 2008, therefore, will be dark and unpredictable.”

What the Russians Left In Their Wake in Georgia

On September 24, The Wall Street Journal wrote the following:

“Having devastated vast areas of its own lands in the Caucasus, such as Chechnya and Ingushetia, in order to ‘protect’ them from instability, Moscow’s obliterating shadow has settled deep over Georgia — with the usual consequences. The full barbarism of Russian actions in Georgia may not emerge for years; much of the evidence lies behind the lines in terrain newly annexed by Russia. But some details are now beyond dispute.

“Alongside the various human atrocities, such as the bombing and purging of civilian areas, the invaders looted and destroyed numerous historical sites, some of which were profoundly revered by the Georgians as sacred building blocks in their national identity. This is especially true of the region around South Ossetia that served as a kind of cradle of early Georgian culture…”

Get Ready for Iran’s Nuclear Weapons

The Associated Press reported on September 24:

“Iran is nearing the ability to arm a nuclear warhead even if it insists its atomic activities are peaceful, the European Union warned Wednesday… the EU also asserted that Iran appeared to have had a past nuclear arms program despite its denials… Israel says the Islamic Republic could have enough nuclear material to make its first bomb within a year. The U.S. estimates Iran is at least two years away from that stage, and some experts say the country could reach that stage in as little as 6 months through uranium enrichment… To date, Iran has produced nearly 1,000 pounds of low-enriched uranium… close to… the 1,500-pound minimum needed to produce the 45-60 pounds needed for a simple nuclear bomb under optimal conditions…”

Russia Sabotages Sanctions on Iran

Reuters wrote on September 24:

“Iran is posing a crucial challenge to the U.N. nuclear watchdog, the International Atomic Energy Agency, the EU and the United States said during a debate at an IAEA board of governors meeting. But they threatened no action, reflecting differences among six world powers negotiating with Iran over what to do after Russia snubbed a U.S.-led campaign for tough sanctions on Iran…

“‘The (IAEA) report presents a decidedly bleak picture. We now seem at a particularly critical juncture, with Iran now asserting there is nothing for the agency to investigate as far as possible military dimensions to its nuclear program are concerned,’ Germany, France and Britain, among the six big powers, said in a joint statement to the governors’ meeting… Foreign ministers of the United States, Britain, France, Germany, Russia and China scrapped talks this week to discuss a fourth round of sanctions after Moscow pulled out, a few days after an abortive meeting on the matter in Washington.”

Tensions Between Moscow and Washington Could Worsen Other World Crises

Deutsche Welle reported on September 24:

“Germany’s foreign minister [Frank-Walter Steinmeier] warned Wednesday recent tensions between Moscow and Washington could worsen a number of world crises after high-level talks on Iran’s disputed nuclear program were scrapped… Steinmeier said the US decision to pull out of a planned meeting of foreign ministers from the Group of Eight industrialized nations had led Russia on Tuesday, in a tit-for-tat move, to drop out of talks of the so-called 3+3 on Iran bringing together the United States, Russia, China, France, Britain and Germany… ‘We’re going in the wrong direction, I am completely convinced of that,’ Steinmeier said…

“Relations between Washington and Moscow have been tense since the five-day Georgia war last month. The US has recently attempted to exclude Russia from several G8 conference calls and called for internationally isolating Moscow. In his final speech at the General Assembly, US President George W. Bush accused Russia of having violated the UN charter with what his administration has called a premeditated invasion of Georgia, a former Soviet territory. The Russian Foreign Ministry called on the US to declare how it intended to maintain relations with Russia…”

Iran “Blasts” USA

The Associated Press reported on September 23:

“Iran’s president addressed the U.N. General Assembly Tuesday declaring that ‘the American empire’ is nearing collapse and should end its military involvement in other countries… He accused the U.S. of starting wars in Iraq and Afghanistan to win votes in elections and blamed a ‘few bullying powers’ for trying to undermine [Iran’s] nuclear program…

“Ahmadinejad also lashed out at Israel on Tuesday, saying ‘the Zionist regime is on a definite slope to collapse, and there is no way for it to get out of the cesspool created by itself and its supporters.’ The Iranian president is feared and reviled in Israel because of his repeated calls to wipe the Jewish state off the map, and his aggressive pursuit of nuclear technology has only fueled Israel’s fears.

“Ahmadinejad accused ‘a small but deceitful number of people called Zionists … (of) dominating an important portion of the financial and monetary centers as well as the political decision-making centers of some European countries and the U.S.’…

“His speech came just hours after President Bush made his eighth and final appearance before the U.N. General Assembly, urging the international community to stand firm against the nuclear ambitions of Iran and North Korea. ‘A few nations, regimes like Syria and Iran, continue to sponsor terror,’ Bush said…”

Pakistani Troops Fire at U.S. Helicopters

Reuters reported on September 25:

“Pakistani troops fired on U.S. helicopters which had crossed into Pakistan from Afghanistan on Thursday, the Pakistani military said. In a conflicting version of the incident, the U.S. military denied the aircraft had flown into Pakistani territory. There were no casualties nor were the helicopters damaged, NATO said.

“The shooting took place amid rising tension between Pakistan and the United States — normally close allies in the U.S-led ‘war on terror’ — after U.S. troops launched missile attacks and a helicopter-borne ground assault into Pakistan this month. The Islamabad government condemned those raids and said it would not tolerate any infringement on its territory.”

And Now… North Korea Becomes Again a Nuclear Threat

Reuters reported on September 24:

“North Korea has expelled U.N. monitors from its plutonium-making nuclear plant and plans to start reactivating it next week, rowing back from a 2007 deal to scrap its atomic bomb program…

“North Korea… [is] angry at Washington for not taking it off its terrorism blacklist… Washington says it will de-list Pyongyang once it allows inspectors to verify claims it made about nuclear arms output… Before Yongbyon’s shutdown, U.S. officials estimated North Korea had produced about 50 kg (110 pounds) of plutonium, which experts said would be enough for six to eight nuclear weapons.”

U.S. Pastors Plan to Defy IRS Ban on Political Speech

The Los Angeles Times wrote on September 25:

“Setting the stage for a collision of religion and politics, Christian ministers from California and 21 other states will use their pulpits Sunday to deliver political sermons or endorse presidential candidates… The pastors’ advocacy could violate the Internal Revenue Service’s rules against political speech with the purpose of triggering IRS investigations. That would allow their patron, the conservative legal group Alliance Defense Fund, to challenge the IRS’ rules, a risky strategy that one defense fund attorney acknowledges could cost the churches their tax-exempt status. Congress made it illegal in 1954 for tax-exempt groups to publicly support or oppose political candidates…

“[33] pastors who have signed on to the ‘pulpit initiative’ have sparked loud condemnations by fellow clergy and advocates of the separation of church and state. These critics… argue that Sunday’s sermons at churches in Oregon, Texas, New Mexico, Pennsylvania and other states will violate federal tax law by politicizing the pulpit…

“‘The integrity of the religious community is at stake when religion and politics become entangled,’ said… Eric Williams of the North Congregational United Church of Christ in Columbus, Ohio. Williams was recruited for the defense fund but instead joined with 54 other Christian and Jewish clergy members to file a complaint against the initiative with the IRS… Representing the religious leaders are three Washington attorneys, all former IRS officials, who also filed a complaint accusing defense fund attorneys of violating IRS rules by helping the churches break federal law.

“Meanwhile, a separate group of 180 ministers, rabbis and imams also has sought to counter the ‘pulpit initiative.’ Members of the Interfaith Alliance — which includes the nation’s top Episcopal bishop — have signed a pledge to refrain from electioneering in their houses of worship. ‘Political activity and political expressions are very important, but partisan politics are . . . . a death knell to the prophetic freedom that any religious organization must protect,’ said… Ed Bacon, rector of All Saints Episcopal Church in Pasadena, who signed the pledge.

“All Saints survived a nearly two-year IRS investigation after former Rector George Regas spoke out against the Iraq war on the eve of the 2004 presidential election. Bacon repeatedly said the church did not engage in campaigning. The IRS dropped the case last year even though agency officials indicated that they still considered the sermon to be illegal.”

As explained in previous Updates, when discussing Zechariah’s visions of the “woman in the basket,” “the flying scroll,” “the four chariots,” and the “four horns and the four craftsmen,” as recorded in chapters 6, 5 and 1, respectively, of the book of Zechariah, Zechariah’s visions are to be viewed together and contain foremost prophecies for us today and for our immediate future.

While commentaries are divided as to the intended timing of some of the visions, virtually all agree that the vision of the “measuring line” applies to the future Millennium, when God’s Kingdom will be established on this earth.

Zechariah 2:1-5 reads as follows:

“(1) Then I raised my eyes and looked, and behold, a man with a measuring line in his hand. (2) So I said, ‘Where are you going?’ And he said to me, ‘To measure Jerusalem, to see what is [better: will be] its width and what is [better: will be] its length.’ (3) And there was the angel who talked with me, going out; and another angel was coming out to meet him, (4) who said to him, ‘Run, speak to this young man, saying, “Jerusalem shall be inhabited as towns without walls, because of the multitude of men and livestock in it. (5) ‘For I,’ says the LORD, ‘will be a wall of fire all around her, and I will be the glory in her midst.'”‘”

(1) As stated, virtually all commentaries agree that this is foremost a millennial prophecy.

Unger’s Bible Handbook states: “This vision presents Jerusalem in millennial glory… [The surveyor’s] activities intimate the growth and prosperity of Jerusalem… ultimately to be fulfilled in the Kingdom Age.”

The “New Scofield Reference Edition” contains the following annotation: “The measuring line (or reed) is used by Ezekiel (40:3, 5) as a symbol of preparation for rebuilding the city and Temple in the Kingdom Age. Here [in Zechariah 2:1-5] it has that meaning… The subject of the vision is the restoration of nation and city. In no sense has this prophecy been fulfilled.”

The Nelson Study Bible agrees, stating that “These words refer ultimately to the future Jerusalem under the rule of its glorious king…”

Charles Feinberg writes in “The Minor Prophets,” page 280: “Surely it will not be denied that the fulfillment of this prophecy is in millennial times.”

(2) We are told in this vision that Jerusalem, which will be largely destroyed just prior to the return of Christ, will be rebuilt, and Jerusalem’s boundaries will be enlarged because of the multitude of people and livestock in it. This shows that the prophecy does not deal with the New Jerusalem, which will come down from heaven AFTER the Millennium and the Great White Throne Judgment period, when there will be no more physical beings and animals, but it describes the rebuilt or restored city of Jerusalem at the time of the Millennium.

Regarding its future boundaries, Matthew Henry’s Commentary states: “… it shall extend far beyond the present dimensions.”

(3) We read that the city of Jerusalem will have no physical walls. This is confirmed in Ezekiel 38:11-12, where not only the city of Jerusalem, but also the entire Promised Land, is described as a “land of unwalled villages,” which are occupied by “a peaceful people, who dwell safely, all of them dwelling without walls, and having neither bars nor gates… a people gathered from the nations, who have acquired livestock and goods, who dwell in the midst of the land…”

(4) Even though the city and the entire country will not have physical walls or gates for defense purposes, it won’t be helpless or defenseless. In fact, we read in Ezekiel 38 that at the very beginning of the Millennium, Asiatic hordes will attempt to invade and occupy the Promised Land. But God will intervene and defeat this enemy by fire (Ezekiel 38:22; 39:6). We find a similar event occurring at the very end of the Millennium, when God will destroy invading armies with fire (compare Revelation 20:7-9). And so, it is God who is described in Zechariah’s vision as “a wall of fire” for His people, indicating His ability and willingness to supernaturally defend His people.

Whatever physical “walls” or “gates” may exist surrounding Jerusalem and the entire Promised Land (compare Isaiah 60:10), they will not exist for the purpose of defense, and their gates will be continuously open (Isaiah 60:11). We read in Isaiah 60:18 that, with the exception of the attack of the Asiatic hordes at the beginning of the Millennium, and a similar event at its end, “Violence shall no longer be heard in your land, Neither wasting nor destruction within your borders; But you shall call your walls Salvation, And your gates Praise.”

In addition, God will be “their glory in [Jerusalem’s] midst.”

The commentary of Jamieson, Fausset and Brown offers the following explanation:

“The same combination of ‘glory and defense’ is found in Isaiah 4:5, alluding to the pillar of cloud and fire which defended and enlightened Israel in the desert… As God is to be her ‘glory,’ so she is to be His ‘glory’ ([Isaiah] 62:3).”

(5) With this insight into Jerusalem’s glorious future, Zechariah, who is described as a “young man” (Zechariah 2:4), was inspired to encourage the people at his time to become zealous and diligent in fulfilling their obligation and duty–to rebuild physical Jerusalem.

The Broadman Bible Commentary explains:

“This message has direct application to the task at hand. If the most important aspect of the rebuilt and reinhabited city will be the presence of God, attention to the building of the house must command top priority.”

In the same way, God’s people today must be diligent to fulfill their task and commission–to preach the gospel of the glorious Kingdom of God in all the world as a witness, announcing the time soon ahead of us when the Messiah–Jesus Christ–will restore and rebuild Jerusalem here on earth and make it His royal dwelling place during the Millennium (compare Isaiah 2:1-4).

Lead Writer: Norbert Link

A new StandingWatch program was posted on StandingWatch, Google Video and YouTube. It is titled, “Why Federal Bailouts Won’t Help!” In the program, Norbert Link addresses the fact that we are in a “once-in-a century” financial crisis, rapidly approaching a depression, with no end in sight. The federal government keeps bailing out broken banks and insurance institutions, but it must borrow money to do so.  While our national debt is already in excess of 9 TRILLION Dollars, the newest bail-out plan may cost taxpayers another 1 Trillion Dollars. These man-made “solutions” will cost us dearly in the long run. What is being overlooked in all of these idle attempts to cure our financial problems? Why are we facing them in the first place?

We also posted a new German program on our Website, “Auf Posten Stehen,” and on You Tube.

Our newest booklet, “Is That in The Bible–The Mysteries of the Book of Revelation,” has been posted on our Website.

On Saturday, September 20, 2008, Kalon Mitchell and Michael Link will give split sermons, titled, respectively, “Your Philosophy” and “Persistency.”

The services can be heard at www.cognetservices.org at 12:30 pm Pacific Time (which is 2:30 pm Central Time). Just click on Connect to Live Stream.

My wife and I had a saying when one of us had to go away on a training or business trip, or to visit our daughter in North Carolina, while the other spouse had to stay home and take care of things. That saying was, “Keep the home fires going.” It was understood to remind us in a loving way to take care of the house; to do the laundry and dishes; to make sure the children were fed and taken care of; to water the plants; to make the beds and generally, to have the house and yard in the same condition as it was when the spouse had left.

We did not consider this to be an unreasonable request, and we usually followed through on it, so that the departing spouse would not be overwhelmed with excess work upon his or her return.

Christ gave His disciples a similar admonition when He stated in Matthew 24: 45-46: “Who then is a faithful and wise servant, whom his master made ruler over his household, to give them food in due season? Blessed is that servant whom his master, when he comes, will find so doing.” To give them food in due season includes doing our part in publishing the gospel to the world, as prophesied in Matthew 24:14: “And this gospel of the kingdom will be preached in all the world as a witness to all the nations, and then the end will come.”

Notice, it says the gospel WILL be preached, not that it might perhaps be preached.  The question we need to ask ourselves is, are we engaged in this process? Are we furthering this Work by faithfully tithing? Are we praying for the success of this Work and are we doing our part, however small it may seem to us? We should not despise the day of small things and always bear in mind that the effective prayer of the righteous person avails much. James 5:16 confirms this: “… The effective, fervent prayer of a righteous man avails much.”

Now is not the time to let down. We must not allow our environment to slow our progress in the responsibilities we have towards God in regard to our calling and efforts to get this much needed gospel out to a sick and dying world. We have to be zealous in the job we have been given to do, since that is what is expected of us. Remember, we are blessed if, at His return, the Lord finds us faithfully doing the Work. So let’s ensure that we are keeping those home fires going.

Dangerous War Preparations

The International Herald Tribune wrote on September 14:

“The Bush administration is pushing through a broad array of foreign weapons deals as it seeks to re-arm Iraq and Afghanistan, contain North Korea and Iran, and solidify ties with onetime Russian allies. From tanks, helicopters and fighter jets to missiles, remotely piloted aircraft and even warships, the Department of Defense has agreed so far this fiscal year to sell or transfer more than $32 billion in weapons and other military equipment to foreign governments, compared with $12 billion in 2005. The trend, which started in 2006, is most pronounced in the Middle East, but it reaches into northern Africa, Asia, Latin America, Europe and even Canada… 

“The United States is far from the only country pushing sophisticated weapons systems: It is facing intense competition from Russia and elsewhere in Europe, including continuing contests for multibillion-dollar deals to sell fighter jets to India and Brazil…

“About 60 countries get annual military aid from the United States, $4.5 billion a year, to help them buy these American weapons. Israel and Egypt receive more than 80 percent of that aid. The United States has also recently given Iraq and Afghanistan large amounts of weapons and other equipment…

“The United States has long been the top arms supplier to the world. In the past several years, however, the list of nations that rely on the United States as a primary source of major weapons systems has greatly expanded. Among the recent additions are Argentina, Azerbaijan, Brazil, Georgia, India, Iraq, Morocco and Pakistan… Cumulatively, these countries signed $870 million worth of arms deals with the United States from 2001 to 2004. For the past four fiscal years, that total has been $13.8 billion…

“In the Gulf region, much of the re-armament is driven by fears of Iran. The United Arab Emirates, for example, are considering spending as much as $16 billion on U.S.-made missile defense systems… Saudi Arabia, this fiscal year alone, has signed at least $6 billion worth of sales agreements to buy weapons from the U.S. government – the highest figure for that country since 1993, which was another peak year in U.S. weapons sales, after the Gulf War. Israel, long a major buyer of U.S. military equipment, is also increasing its orders, including planned purchases of perhaps as many as four American-made coastal warships, worth $1.9 billion.”

Israel Prepares for a Strike Against Iran

The Jerusalem Post wrote on September 14:

“The US Department of Defense has notified Congress of a potential sale to Israel of 1,000 smart bombs capable of penetrating underground bunkers, which would likely be used in the event of a military strike on Iran’s nuclear facilities… The bomb Israel wants is the GBU-39, developed in recent years by the US as a small-diameter bomb for low-cost, high-precision and low-collateral damage strikes. Israel has also asked for 150 mounting carriages, 30 guided test vehicles and two instructors to train the air force in loading the bombs on its aircraft.

“The GPS-guided GBU-39 is said to be one of the most accurate bombs in the world… Tests conducted in the US have proven that the bomb is capable of penetrating at least 90 cm. of steel-reinforced concrete…

“In its recommendation to Congress, the Defense Security Cooperation Agency wrote that Israel’s strategic position was ‘vital to the United States’ interests throughout the Middle East.’… The agency’s announcement came amid growing concern that the Pentagon was not willing to sell Israel advanced military platforms such as bunker-buster missiles in an effort to dissuade Jerusalem from attacking Iran’s nuclear facilities. Bunker-buster missiles would be a fundamental component of an air strike against Iran, since many of the nuclear facilities, such as the Natanz uranium enrichment complex, have been built in underground, heavily fortified bunkers.”

Israeli Foreign Minister Tzipi Livni to Become New Prime Minister?

BBC News reported on September 18:

“Israeli Foreign Minister Tzipi Livni is beginning the task of putting together a new government after her election as leader of the ruling Kadima party. She has 42 days to form a coalition and replace Ehud Olmert as prime minister… The Islamist movement, Hamas, which controls the Gaza Strip, said it expected no change in Israel’s policy towards the Palestinians… The centre-right opposition Likud party of former prime minister Binyamin Netanyahu, which is currently leading in the polls, immediately called for a general election…

“If she can form a fresh governing coalition within the next six weeks, Ms Livni will become Israel’s first woman prime minister since Golda Meir stepped down in 1974. The BBC’s Tim Franks in Jerusalem says that will be no easy task, and if it were to end in failure, general elections will follow in a further three months.”

Russia’s Provocations Continue… While Europe Gives In… Again…

Deutsche Welle reported on September 17:

“Russian President Dmitry Medvedev signed friendship treaties with Georgia’s breakaway regions of Abkhazia and South Ossetia on Wednesday and promised them the backing of Russia’s armed forces… The deals were signed in the face of widespread global condemnation of Russia’s incursion into Georgia… In a speech after the signing ceremony in the Kremlin, Medvedev said Russia was committed to defending Abkhazia and South Ossetia from any Georgian attempts to reclaim the two enclaves. Georgia has insisted the two regions be returned to Tbilisi’s control…

“Just hours after the signing of the treaties, European Commission President Jose Manuel Barroso said the European Union may resume talks on a cooperation agreement with Russia, even if Moscow maintains a military presence in Georgia’s separatist regions of South Ossetia and Abkhazia. On Sept. 1, EU leaders attending an emergency summit in Brussels agreed to postpone talks on a new Partnership and Cooperation Agreement (PCA) with Russia until Russian troops ‘have withdrawn to the positions held prior to Aug. 7.'”

The EUObserver reported on September 17:

“France, Germany, Spain and Italy are leaning toward pulling Georgia and Ukraine into the EU over the next 10 or more years, but keeping them out of NATO to avoid antagonising Russia. The UK is keen on both NATO and EU membership for the pair, Polish daily Gazeta Wyborcza writes.”

With the exception of the UK and some Eastern European states, Europe’s conduct in this entire affair has been deplorable. Europe’s cowardice towards Russia has been clearly dictated by political and economic interests, and Europe has demonstrated that it is willing to turn its back on an ally in the pursuit of its own purposes.

Russia’s Alliances with Iran, Venezuela, Cuba and Nicaragua

The Times wrote on September 18:

“Russia snubbed its nose at the United States today by announcing plans to sell military equipment to both Iran and Venezuela… Reports have circulated for some time that Russia is preparing to sell its S-300 surface-to-air missile system to Iran, offering greater protection against a possible US or Israeli attack on the Islamic republic’s nuclear facilities. The missiles have a range of more than 150 kilometres and can intercept jets approaching at low altitudes.

“Ruslan Pukhov, director of the Centre for Analysis of Strategies and Technologies in Moscow, said that it was logical to conclude a lucrative contract with Iran ‘in the current situation, when the US and the West in general are stubbornly gearing toward a confrontation with Russia.’ Russia has already delivered 29 Tor-M1 missile systems under a $700 million deal with Iran in 2005.

“Sergei Chemezov, the head of state-owned Russian Technologies also disclosed that Venezuela’s leader Hugo Chavez wanted to buy anti-aircraft systems, armoured personnel carriers, and new SU-35 fighter jets when they come into production in 2010… Deputy Prime Minister Igor Sechin, one of Prime Minister Vladimir Putin’s closest allies, has visited Venezuela and Cuba this week… Mr Sechin travelled to Nicaragua yesterday as part of Russia’s efforts to revive its influence on America’s doorstep in Latin America. Nicaragua was the only state to join Russia in recognising the independence of Georgia’s breakaway regions of Abkhazia and South Ossetia…”

Palin Ready to Go to War With Russia?

The EUObserver wrote on September 9:

“US Republican vice presidential candidate Sarah Palin has backed Georgia’s NATO membership in a television interview, while leaving open the option of war with Russia if it were to attack a NATO ally. In an interview with ABC News, Ms Palin was asked whether the United States would have to go to war with Russia if it invaded Georgia, and the country was part of NATO, Ms Palin said: ‘Perhaps so’…

“Prime Minister Vladimir Putin warned on Thursday (11 September)… that tensions between Russia and the EU may well worsen if the planned US missile defense shield is deployed in Poland, threatening yet once more to point Russian missiles at European targets… Mr Putin fiercely defended Russia’s invasion of Georgia, accusing the West of ‘anti-Russian hysteria’ and saying that if this military operation had not been carried out, it would have been like Russia ‘getting a bloody nose and hanging its head down.'”

How German Paper “Die Welt” Saw Palin’s Interview With ABC

Die Welt wrote on September 12:

“Vice presidential candidate Sarah Palin’s assertion that she believes humans play a role in climate change – made in her first major interview since joining the Republican ticket – is at odds with her previous statements… ‘Show me where I have ever said that there’s absolute proof that nothing that man has ever conducted or engaged in has had any effect or no effect on climate change. I have not said that,’ Palin told ABC News in an interview broadcast Thursday and Friday. However, in the past Palin has said she does not believe global warming is caused by human activity. She has told the Internet news site Newsmax, ‘A changing environment will affect Alaska more than any other state, because of our location. … I’m not one, though, who would attribute it to being man-made…’

“She also… [a]ppeared unsure of the Bush doctrine – essentially that the United States must help spread democracy to stop terrorism and that the nation will act pre-emptively to stop potential foes. Asked whether she agreed with that, Palin said: ‘In what respect, Charlie?’ Gibson pressed her for an interpretation of it. She said: ‘His world view.’ That prompted Gibson to say ‘no, the Bush doctrine, enunciated September 2002, before the Iraq war’ and describe it to her… Asked three times what her position would be if Israel felt threatened enough to attack Iranian nuclear facilities, Palin repeatedly said the United States shouldn’t ‘second guess’ Israel’s steps to secure itself.”

U.S. Faces “Once-in-a-Century” Financial Crisis

AFP reported on September 14:

“The United States is mired in a ‘once-in-a century’ financial crisis… former Federal Reserve chief Alan Greenspan said… [adding] that the crisis… still had a long way to go and would continue to effect home prices in the United States… Asked whether the crisis, which has seen the US government step in to bail out mortgage giants Freddie Mac and Fannie Mae, was the worst of his career, Greenspan replied ‘Oh, by far’… [He] also predicted that the financial crisis would see the failure of more major financial institutions, even as embattled Wall Street investment giant Lehman Brothers scrambled to find a buyer.”

U.S. Financial Mess Deepens

Reuters reported on September 15:

“Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry… a deepening crisis took new, bigger victims…

“The events signal a seismic shift in Wall Street’s power structure with big name investment banks biting the dust and major banks like Bank of America and JPMorgan Chase becoming the survivors. ‘It’s a return to pure capitalism, the survival of the fittest — the government can’t and won’t bail everybody out,’ said Justin Urquhart Stewart, investment director at 7 Investment Management in London. Bank of America agreed to buy Merrill Lynch in an all-stock deal worth $50 billion, seeking a bargain as the world’s largest retail brokerage sought refuge from fears it could be the next victim.

“‘It’s just shockingly fast how it happened,’ an employee for Merrill in Asia said. ‘It’s hard to believe there will be no more Merrill Lynch,’ he said…

“Asian and European stock markets tumbled… Shares in U.S. banks trading in Frankfurt tumbled… The euro jumped to as high as $1.4479, up 1.7 percent from Friday, while U.S. Treasury yields dropped to five-month lows…

“With Lehman and Merrill out of the picture, three of the top five U.S. investment banks have effectively departed the scene inside six months…

“Britain’s Barclays emerged as a front-runner to buy Lehman late on Sunday after Bank of America pulled back, but it was deterred by the U.S. government’s unwillingness to provide a financial backstop to potential losses.

“The New York Times also reported that AIG, once the world’s largest insurer, had made an approach to the Federal Reserve seeking $40 billion in short-term financing…

“One of the catalysts for this weekend’s events was the stance of U.S. Treasury Secretary Henry Paulson, who opposed using government money to resolve the Lehman crisis after a week earlier bailing out mortgage lenders Freddie Mac and Fannie Mae, wary of accusation of encouraging excessive risk-taking by bailing out the bank.”

“Black Sunday” Affects Europe

Der Spiegel Online reported on September 15:

“Financial authorities tried to shore up confidence on Monday as world markets plummeted following ‘Black Sunday’ on Wall Street where Lehman Brothers filed for bankruptcy protection and Bank of America took over Merrill Lynch.

“Europe’s big central banks pumped liquidity into the financial system to calm investors… The European Central Bank conducted a one-day tender for €30 billion… The Bank of England and Swiss National Bank also provided liquidity as Asian and European stock markets tumbled. The FTSEurofirst 300 index of leading European shares fell 5 percent, led by falling bank stocks such as UBS, down 10 percent. The Dax index of leading German [banks] fell as much as 4.7 percent to its lowest level in two years.
 
“Fears of a global crash swept through markets on Monday… The German finance ministry, the Bundesbank central bank and the Bafin financial supervisory authority all tried to restore calm in German markets with a joint statement saying the exposure of German banks to Lehman was manageable.”

For further discussion on the worldwide financial crisis, listen to our new StandingWatch program on Global Depression. It is posted on StandingWatch, Google Video and YouTube.

U.S. Housing Market Still Very Unstable

The Wall Street Journal wrote on September 17:

“A steep decline in new home construction last month to a 17-year low suggests that the hoped-for stabilization of the housing market — key to boosting the U.S. economy — is still a ways off. Construction of new homes dropped by 6.2% in August to a seasonally adjusted 895,000 annual rate, the Commerce Department said Wednesday. Construction of multifamily units fell sharply. Single-family home construction fell by a smaller amount…”

Stocks Fall and Gold Rises, as Federal Reserve Bails Out AIG

The Associated Press reported on September 17:

“Gold prices soared Wednesday, notching the biggest one-day advance ever as mounting credit market turmoil prodded jittery investors to pull money out of equities and into safe-haven assets. Gold’s huge rally came as the government moved overnight to rescue troubled insurer American International Group Inc. with an $85 million bailout loan. The Federal Reserve stepped in after AIG, teetering on collapse from losses tied to the subprime crisis and the credit crisis, failed to find adequate capital in the private sector.

“Fearing more tightening of credit markets, investors reacted swiftly and began dumping stocks and socking money into gold, silver and other safe-haven commodities. Gold is especially attractive during times of crisis because the metal is known for holding its value.”

AIG Bailout–Abuse of Taxpayer Money?

Die Welt wrote on September 17:

“For the second time this month, the U.S. government intervened to bail out a private financial company, saying the failure of the huge insurer American International Group Inc. would further disrupt markets and threaten the already fragile economy… The Federal Reserve said Tuesday it would provide up to $85 billion in an emergency, two-year loan to rescue AIG… In return, the government will get a 79.9 percent stake in AIG and the right to remove senior management.

“The move was similar to the government’s seizure on Sept. 7 of mortgage giants Fannie Mae and Freddie Mac, where the Treasury Department said it was prepared to put up as much as $100 billion over time in each of the companies if needed to keep them from going broke. Both moves were bound to raise questions about the use of taxpayer money to bail out private firms…

“The decision to help AIG marked a reversal from the government’s move over the weekend, when it refused to use taxpayer money to bail out Lehman Brothers Holdings Inc. Lehman, which filed for bankruptcy protection Monday, collapsed under the weight of mounting losses related to its real estate holdings…

“The central bank also pumped $70 billion into the nation’s financial system to help ease credit stresses. In emergency sessions over the weekend, the Fed expanded its loan programs to Wall Street firms, part of an ongoing effort to get credit flowing more freely…”

The Collapse of Lehman and AIG–Bad and Good News for Europe?

Der Spiegel Online wrote on September 17:

“America’s central bank has saved Wall Street insurance giant AIG from failure, but a federally insured German fund could be facing €6 billion in liabilities following the collapse of investment bank Lehman Brothers…

“World markets Wednesday briefly reversed their slides after a sudden bailout by the United States Federal Reserve of the American insurance giant American International Group (AIG) — which on Tuesday joined Lehman Brothers and Merrill Lynch in a brutal series of Wall Street failures. But by late morning, Germany’s blue chip DAX index was headed south again, with investors doubting that the worst is over…

“Stock markets have been sliding worldwide since Bank of America announced a deal to buy Merrill Lynch and Lehman Brothers filed for Chapter 11 bankruptcy protection on Monday. The Lehman failure is said to be the largest bankruptcy in history and it could also have massive implications for Germany. Lehman Brothers’ German subsidiary is a member of the Deposit Guarantee Fund of the Association of German Banks (BdB); and the fund, backed by Germany’s biggest banks, could be required to cover up to €6 billion of Lehman’s liabilities… The fund’s liability can only be reduced if parts of Lehman’s German subsidiary are sold — and that could present a serious problem.

“According to Germany’s Finance Ministry, the Deposit Guarantee Fund has only $4.6 billion at its disposal… Experts noted… that if the amount reaches €6 billion it would be the largest single loss in the history of a German fund…

“On Tuesday, news emerged that the German state lender KfW had transferred €300 million to Lehman Brothers the day it filed for bankruptcy in an erroneous swap — a transaction in which two parties agree to exchange one stream of cash flows against another, according to Reuters. The transfer exposed the government lender to €300 million in losses, triggering criticism from the Finance Ministry, which demanded a ‘swift explanation of such a technical failure.’

“But other German companies viewed Monday’s development and the announcement of the AIG bailout as an opportunity to step into the lucrative American financial market — just as the British bank Barclays announced a deal to buy Lehman Brothers’ core businesses for what the New York Times described as a ‘fire-sale price’ of $1.75 billion.

“AIG provides insurance not just for consumers but also for large Wall Street investment firms against just the sort of credit crisis that has brought Lehman and Merrill to their knees. German insurance giants like Allianz and Munich Re are openly on the lookout for Lehman-style bargains… given a strong euro and a relatively weak dollar…”

Washington Mutual for Sale?

The Associated Press reported on September 18:

“Ailing bank Washington Mutual Inc. appeared headed toward a sale Wednesday… The New York Times, citing unidentified people familiar with the matter, said an auction of the bank was already under way, and The Wall Street Journal reported Wells Fargo & Co. and Citigroup Inc. expressed interest in a takeover. WaMu, Wells Fargo and Citigroup all declined to comment…

“After losing $6.3 billion in the past three quarters, Washington Mutual believes it is slowly healing under a new chief executive, Alan Fishman, who will receive an $8 million bonus if he can keep WaMu alive through 2009… Nonetheless, analysts still expect the company to sustain a loss of about $1.8 billion in the quarter ending Sept. 30… The company’s stock fell 31 cents to $2.01 Wednesday, leaving the stock price with a decline of 85 percent so far this year. The erosion has left WaMu with a market value of about $3.5 billion—down from $43 billion at the end of 2006.”

“Who Will Bail Out Uncle Sam?”

CBS reported on September 17:

“The federal government may seem like a financial knight on a white steed riding to the rescue of big companies in trouble. The irony is that Uncle Sam’s got enormous money problems of his own. The government is far deeper in debt than any of the companies it’s bailing out.

“As of this morning, the national debt stands at over $9.634 trillion. That’s trillion – with a ‘T.’ And that’s nearly $4 trillion more than it was on the day President Bush took office. This year alone, it’s costing taxpayers more than $230 billion just to pay the interest on the national debt.

“And it’s getting bigger every day thanks to the relentless rush of the government spending money it has to borrow. The federal deficit for the fiscal year ending September 30 is expected in the range of $400 billion – close to the all-time high. In fact, the government doesn’t have the $85 billion needed to bailout insurance giant American International Group. The treasury department announced this morning it would auction new debt to raise funds for the Federal Reserve’s rescue plan for AIG… But where does the federal government go when it needs a bailout? Taxpayers need only look in the mirror.”

“The Greatest Destruction of Financial Wealth the World Has EVER Seen”

The Washington Post wrote on September 17:

“Having pumped $100 billion into the banking system, and lent another $115 billion to rescue Bear Stearns and AIG, the Federal Reserve was forced to ask the Treasury yesterday to borrow some extra money to replenish its coffers… This is what a Category 4 financial crisis looks like. Giant blue-chip financial institutions swept away in a matter of days. Banks refusing to lend to other banks. Russia closing its stock market to stop the panicked selling. Gold soaring $70 in a single trading session. Developing countries’ currencies in a free fall. Money market funds warning they might not be able to return every dollar invested. Daily swings of three, four, five hundred points in the Dow Jones industrial average.

“What we are witnessing may be the greatest destruction of financial wealth that the world has ever seen…”

“In the end, however, there is only so much the government can borrow and so much the government can do. The only other choice is for Americans to finally put their spending in line with their incomes and their need for long-term savings… But if everyone cuts back at roughly the same time, a recession is almost inevitable. That’s a bitter pill in and of itself, involving lost jobs, lower incomes and a big hit to government tax revenues. But it could be serious trouble for regional and local banks that have balance sheets loaded with loans to local developers and builders who will be hard hit by an economic downturn. Think of that… as the inevitable second round of this financial crisis that, alas, still lies ahead.”

The New York Times added on September 18:

“The Dow industrials closed up more than 400 points [on Thursday], but there was little relief from the paralysis that has gripped the credit markets.”

US FINANCIAL CRISIS–“The World As We Know It Is Going Under”

Der Spiegel wrote on September 19:

“Panic is the word of the hour on Wall Street…

“The bad news on Wall Street was coming thick and fast. All the US indexes were crashing again after Tuesday’s brief and deceptive breather. In its wild, rollercoaster ride, the Dow Jones lost about 450 points, which was almost as much as it lost on Monday, the most catastrophic day on US markets since 2001… Things got worse after the markets closed. Washington Mutual, America’s fourth-largest bank, announced that it had started the process of putting itself up for sale. The Wall Street Journal reported that both Wells Fargo and the banking giant Citigroup were interested in taking over the battered American savings bank.

“And then came the announcement that would dominate all of Thursday’s market activities: Morgan Stanley — the venerable Wall Street institution and one of the last two US investment banks left standing — had lost massive amounts and was fighting for survival. Media reports were saying that it was even in talks about a possible bail-out or merger. Rumor had it that possible suitors might include Wachovia or China’s Bank Citic…

“In fact, it really does look as if the foundations of US capitalism have shattered. Since 1864, American banking has been split into commercial banks and investment banks. But now that’s changing. Bear Stearns, Lehman Brothers, Merrill Lynch — overnight, some of the biggest names on Wall Street have disappeared into thin air. Goldman Sachs and Morgan Stanley are the only giants left standing. Despite tolerable quarterly results, even they have been hurt by mysterious slumps in prices and — at least in Morgan Stanley’s case — have prepared themselves for the end…

“Many are drawing comparisons with the Great Depression, the national trauma that has been the benchmark for everything since. ‘I think it has the chance to be the worst period of time since 1929,’ financing legend Donald Trump told CNN. And the Wall Street Journal seconds that opinion, giving one story the title: ‘Worst Crisis Since ’30s, With No End Yet in Sight.’

“… the era of the unbridled free-market economy in the US has passed — at least for now. The near nationalization of AIG, America’s largest insurance company, with an $85 billion cash infusion — a bill footed by taxpayers — was a staggering move. The sum is three times as high as the guarantee provided by the Federal Reserve when Bear Stearns was sold to JPMorgan Chase in March…

“The situation appears to be so serious that George W. Bush cancelled two domestic trips he had planned for Thursday on short notice. Instead, the president will remain in Washington to discuss the ‘serious challenges confronting US financial markets.’…

“So far, the US presidential candidates have made few helpful remarks about the crisis other than the usual slogans… Republican Party presidential candidate John McCain had the most to say. On Monday, he said ‘the foundation of our economy’ was ‘strong,’ adding that he opposed a government-led bailout of US insurer AIG. But now he’s promising further government steps ‘to prevent the kind of wild speculation that can put our markets at risk.’ McCain’s explanation for the current crisis: ‘unbridled corruption and greed.’

“But Democratic presidential hopeful Barack Obama didn’t move past superficialities, either. ‘We’re Americans. We’ve met tough challenges before and we can again.’ What else are they supposed to say? After all, US presidents have very little influence on stockmarkets. And Wall Street is expecting the status quo for the next president…”

Terrible Aftermath of Hurricane Ike

The Associated Press reported on September 16:

 “More Hurricane Ike relief was on the way for evacuees Tuesday as tens of thousands of people waited for food, water and ice, for the electricity to return to their homes or for their first hot meal and shower… Many service stations have no gasoline, and some major highways remain under water. More than 30,000 evacuees are still living in nearly 300 public shelters, and roughly 2 million people in Texas alone are without power…

“A curfew remains in force for Houston, barring people from being on city streets from 9 p.m. to 6 a.m., and officials were working to prevent looting and theft…

“Officials on the barrier island said it could be months before the city of Galveston reopens. The main gas and a primary electric transmission line to the island were severely damaged… Officials warned that mosquito-borne diseases could begin to spread… Across the entrance to Galveston Bay on Bolivar Peninsula, a resort community where entire neighborhoods were obliterated by the height of Ike’s storm surge, only one or two buildings remained standing in the town of Gilchrist. Aaron Reed, a spokesman for Texas Parks and Wildlife, said the town ‘is almost completely gone. Like somebody took a razor and went pffft.'”

Lawful Excuse to Intentionally Destroy Property Over Global Warming Dispute?

The Independent wrote on September 11:

“The threat of global warming is so great that campaigners were justified in causing more than £35,000 worth of damage to a coal-fired power station, a jury decided yesterday. In a verdict that will have shocked ministers and energy companies the jury at Maidstone Crown Court cleared six Greenpeace activists of criminal damage.

“Jurors accepted defence arguments that the six had a ‘lawful excuse’ to damage property at Kingsnorth power station in Kent to prevent even greater damage caused by climate change. The defence of ‘lawful excuse’ under the Criminal Damage Act 1971 allows damage to be caused to property to prevent even greater damage – such as breaking down the door of a burning house to tackle a fire…”

Pope Benedict in France

AFP reported on September 12:

“Pope Benedict XVI Friday threw his weight behind a call by President Nicolas Sarkozy to rethink the strict separation of religion and state in France, the ‘eldest daughter’ of the Catholic Church. Bells tolled across Paris to greet the arrival of the leader of the world’s one billion Roman Catholics, whose four-day visit comes as France faces a freefall in the number of churchgoers despite its deep Christian heritage… Sarkozy, a twice-divorced lapsed Catholic, defended his vision in presence of the pope, saying it would be ‘madness’ to ‘deprive ourselves’ of religion.”

NPR reported on September 12:

“Pope Benedict has arrived for his first visit to France, which has 35 million baptized Catholics. Polls show the French have lost much of their sense of belonging to the church though Catholicism remains by far the country’s No. 1 religion.”

Reuters added on September 13:

“Pope Benedict prayed on Saturday at the site where the Virgin Mary is said to have appeared to a French peasant girl 150 years ago… At Lourdes, Benedict prayed in the grotto where Saint Bernadette Soubirous said she had seen the Madonna 18 times in 1858, and drank water from a spring that believers say has healing powers. In the past 150 years, the Church has recognized as ‘miracles’ 67 medically inexplicable healings of sick pilgrims who visited Lourdes…

“At mass on Saturday morning in Paris, the pope told more than a quarter of a million people that the modern world had turned money, possessions and power into idols as false as the gold and silver statues worshipped by the pagans of antiquity… ‘Has it not imitated, perhaps inadvertently, the pagans of antiquity, by diverting man from his true end, from the joy of living eternally with God,’ he said in fluent French, wearing gold, white and red vestments. Benedict, who arrived in France on Friday, celebrated the mass at Les Invalides, a complex of military buildings begun by King Louis XIV in the 17th century that houses the sarcophagus of Napoleon Bonaparte…

“Since he arrived on Friday, the pope has been encouraging Catholics to speak out confidently in a country where ‘laicite’, the separation of church and state that often relegates faith to the private sphere, is part of the national psyche. The once powerful French church struggles with a shortage of priests and Sunday mass attendance is below 10 percent. But religion has re-emerged as a factor in public life, especially because of the growth of Islam, and French Catholics have increasingly spoken out on social issues.”

Due to more “miracles, signs and wonders,” which will be in some way attributed to the “Virgin Mary” and the present or future leader of the Roman Catholic Church, the number of practicing Roman Catholics in France–and around the world–will greatly increase in coming years. Also, the fact that Pope Benedict celebrated mass at Les Invalides where Napoleon I is buried, is highly significant. Emperor Napoleon Bonaparte represented the fifth revival of the HOLY Roman Empire (a confederation of Church and State)–or the eighth resurrection of the ancient Roman Empire. For more information, please listen to our Public Bible Lecture, which is posted on Google Video and titled, “Public Bible Lecture: Europe in Prophecy” and read our free booklet on “Europe in Prophecy.”

As stated in previous Updates, (361, 360 and 359) when discussing Zechariah’s visions of the “woman in the basket,” the “flying scroll” and “the four chariots,” as recorded in the fifth and sixth chapters, Zechariah’s visions must be viewed, foremost, as containing prophecies for us today and our immediate future.

Zechariah 1:18-21 states:

“(18) Then I raised my eyes and looked, and there were four horns. (19) And I said to the angel who talked with me, ‘What are these?’ So he answered me, ‘These are the horns that have scattered Judah, Israel and Jerusalem.’ (20) Then the LORD showed me four craftsmen. (21) And I said, ‘What are these coming to do?’ So he said, ‘These are the horns that scattered Judah, so that no one could lift up his head; but the craftsmen are coming to terrify them, to cast out the horns of the nations that lifted up their horn against the land of Judah to scatter it.'”

While some commentaries understand this vision as strictly symbolic with no historical or prophetic meaning attached to the specific nature and identity of the four horns (compare the Broadman Bible Commentary), most commentaries agree that the four horns represent four kingdoms or powers (compare Daniel 7:7, 8, 24; Revelation 17:12) which fight against the house of Judah, the city of Jerusalem and the house of Israel. However, very few seem to understand that the vision does not only relate to the time of Zechariah, but that it is foremost discussing events in the end time. Failing to appreciate this, they are bound to misidentify the real nature of the four horns.

For example, the Ryrie Study Bible writes that the four horns describe the “power of Gentile nations (perhaps Assyria, Egypt, Babylonia, and Medo-Persia specifically) which afflicted and scattered Israel.” This understanding is echoed in The Life Application Bible. A similar, howbeit equally wrong interpretation is offered by The Nelson Study Bible, stating, “The horns that persecuted Israel and Judah included Assyria, Babylon, Medo-Persia and later Greece.”

A better explanation is given by Unger’s Bible Handbook. That commentary seems to understand the prophetic end-time significance of the prophecy. It states regarding the four horns that they “represent hostile nations, i.e., the four great world powers of the times of the Gentiles (cf. [Daniel] 2:37-45; 7:2-8, 17-28), namely, Babylon, Medo-Persia, Greece and Rome (the latter to be revived at the end time, [Daniel] 2:42-44; 7:7, 8, 20; [Revelation] 13:1).”

A similar interpretation is offered by Jamieson, Fausset and Brown, stating: “But the Spirit in the prophet looked farther; viz., to the four world powers, the only ones which were, or are, to rise till the kingdom of the Messiah, the fifth, overthrows and absorbs all others in its universal dominion. Babylon and Medo-Persia alone had as yet risen, but soon Graeco-Macedonia was to succeed…, and Rome the fourth and last, was to follow… The fact that the repairing of the evils caused to Judah and Israel by all four kingdoms is spoken of here proves that the exhaustive fulfillment is yet future.”

However, even these last two explanations do not capture the full significance of Zechariah’s vision for end-time events still ahead of us. It is true that the Bible foretold the existence of four world-ruling empires (Babylon, Medo-Persia, Greece and Rome), and also prophesied that the ancient Roman Empire would be revived ten times throughout history, culminating in the tenth and final revival just prior to Christ’s return.

It does not appear that the four horns refer to ancient powers which have long come and gone; rather, the emphasis is primarily directed at four powers in existence at the time of Christ’s return, which will have turned against the modern descendants of the houses of Israel and Judah–as well as spiritual Israel and Judah, the Church of God–and which will have been instrumental in a future occupation and destruction of the city of Jerusalem. (For more information as to the identity of the modern houses of Israel and Judah, please read our free booklet, “The Fall and Rise of Britain and America.”)

We need to realize that the Bible speaks of “ten horns” or ten kings or kingdoms, as existing contemporaneously in the future, and which will give their power and authority to a charismatic political and military leader (“the beast”) for a very short time (Revelation 17:12-13). However, these ten horns–symbolizing kings or kingdoms–are not totally united in approach and goal, and some will be more powerful and influential than others. In the book of Daniel, we read that these last ten kings will be “partly of potter’s clay and partly of iron,” showing that the last “kingdom shall be divided… [and] be partly strong and partly fragile… [and] they will not adhere to one another” (Daniel 2: 41-43). It is therefore likely that some–apparently four–of the ten future kings or kingdoms will be more powerful than the rest and instrumental in persecuting and attacking modern physical and spiritual Israel and Judah.

It is also possible that one of the four horns refers to the “kingdom” (compare Daniel 2:41) of the last revival of the ancient Roman Empire, consisting of ten nations or groups of nations, which will be led by the “beast.” The other three “horns” could then refer to three most powerful allies of the Beast power, which will fight together with the Beast power (the revived Roman Empire) against physical and spiritual Israel. An end-time confederacy of several nations against Israel is described in Psalm 83:5-8. Besides “Assyria”–a reference to modern Germany which will lead the coming last revival of the ancient Roman Empire–countries like Edom (Turkey), Ammon (part of Jordan) and Moab (perhaps part of Iraq) are mentioned (countries which are specifically identified in Daniel 11:41, as not being overthrown by the king of the North or the end-time Beast power).

As is the case with the identity of the four horns, commentaries are equally confused–and perhaps even more so–regarding the identity of the four craftsmen which will “cast out” the four horns who had lifted up “their horn”–signifying agreed-upon single and unified action–against the land of Judah.

A few commentaries suggest that some of the horns turned into the craftsmen. For instance, the Nelson Study Bible writes: “The craftsmen or ‘smiths’ destroyed the horns (v. 19). Historically, Babylon destroyed Assyria, Medo-Persia conquered Babylon, Greece conquered Medo-Persia, and Rome overcame Greece.” Similar, but equally unconvincing, is the explanation in Unger’s Bible Handbook, even though it does allow, at least, for a future end-time fulfillment. It states:

“The Lord then shows the prophet four smiths… These artisans (technicians) symbolize kingdoms which the Lord used to cast down the persecutors of His people Israel. Three of these ‘smiths’ (Medo-Persia, Greece, and Rome) were horns, which in turn became smiths. The fourth smith is the kingdom set up by the returning King of [kings] and Lord of lords ([Revelation] 19:16) who destroys the ten-kingdom confederation of the end time ([Daniel] 2:44).”

The problem with this explanation is at least two-fold: First, Zechariah’s vision does not seem to allow for the concept that the horns turn into craftsmen. Rather, we read about four craftsmen who will destroy the four horns. If horns would turn into craftsmen, then–following that rationale–the last or fourth craftsman, allegedly the kingdom of God which Christ will establish here on earth–would have been a prior “horn.”

Secondly, the prophecy deals with the end-time fulfillment of the destruction of all the four horns by the four craftsmen. Contemporaneous horns and craftsmen are described–not one horn following another horn and one craftsman following another craftsman. In other words, at the very end, four existing craftsmen will destroy four existing horns at approximately the same time. Based on this understanding, we must conclude that the four craftsmen are four mighty and powerful angelic beings who will, in unison with Jesus Christ, destroy the four horns which will fight against the modern physical descendants of the houses of Israel and Judah, as well as spiritual Israel and Judah–the Church of God.

We read that Christ will return with His mighty angels to take vengeance on those who persecuted God’s people and who did not obey the gospel (2 Thessalonians 1:7-8). We also explained in our last Update (#361) that God will destroy the modern Babylonian system with the help of angels. Our free booklet, “Angels, Demons and the Spirit World,” in more detail the role and function of “warrior” angels –such as the archangel Michael–who assist God with the execution of His judgment over disobedient people and kingdoms.

In conclusion, Zechariah’s vision pertaining to four horns and four craftsmen shows that God and His angels are in charge. When the time has come, they will intervene and destroy all enemies of God and of God’s people. Especially when we apply the vision to Christ’s disciples–spiritual Israel–it should encourage them and give them hope for the future–knowing that God cares for His people and that their blood is precious in His sight.

Lead Writer: Norbert Link

Our new comprehensive booklet on the book of Revelation is being printed. We hope that we will receive it on time to be able to distribute a copy to all who will be attending our Feast sites in the USA and Britain. The mailing of the booklet will commence sometime after the Feast of Tabernacles.

A new member letter has been written and is being printed. In the letter, Rene Messier gives an overview of the annual Fall Holy Days and explains their meaning for us today.

A new StandingWatch program was posted on StandingWatch, Google Video and YouTube. It is titled, “Soon to Come–GLOBAL Depression?” In the program, Norbert Link discusses the fact that the media and the press warn more and more of a looming worldwide recession and even depression. They point out alarming parallels with the 1930s. But how bad is it REALLY? Listen to up-to-date developments and the underlying facts, and UNDERSTAND from history what IS going to happen soon.

The following sermons by Norbert Link have been posted on Google Video:

“Bible Study–Sex and Marriage, Part 2″ (November 10, 2007)

“Bible Study–Sex and Marriage, Part 3″ (November 24, 2007)

“Bible Study–Sex and Marriage, Part 4″ (December 8, 2007)

“Bible Study–The Mystery of Justification” (September 13, 2008)

by John Amorelli

My alarm clock goes off every morning to begin a new day for me. I normally set the alarm clock one to two hours before I drive to work. That would give me enough time to get ready. However, there is a feature on my alarm clock called a “snooze” button.  When the alarm goes off, I can depress this “snooze” feature button and it quiets the alarm for 10 minutes.  After 10 minutes, the alarm will sound again and the process is repeated.  Lately, I have been “snoozing away.” I have been hitting the “snooze” button three or more times so I can keep sleeping.  As a result, I had to rush, frantically, to get ready for work.

The above scenario is my physical life situation. But what about “snoozing away” in my spiritual life? Have I been “snoozing away” in prayer, fasting or Bible study? Am I depressing my spiritual “snooze button”?  Or, do I avoid the snooze feature on my alarm clock and get myself spiritually ready for Jesus Christ’s return at the sound of the first alarm?

Each morning, when the physical alarm goes off and I avoid depressing the physical snooze feature button, it is a reminder to get my spiritual alarm ready every day and not snooze away!