Dec 192014
 

Arutz Sheva: “Former Deputy Defense Minister Danny Danon (Likud) responded to the Gaza rocket attack Friday morning, linking it to the European Union’s (EU) removal of Hamas from its terrorist organization list on Wednesday.

“This morning the Europeans received more proof that Hamas is a terrorist organization,” released Danon in a statement after the rocket attack which fortunately didn’t inflict any wounds or damage.

The MK continued “the rocket that Hamas fired at Israel proves again to European countries that they don’t need to wait for any check as to whether Hamas is a terrorist organization, if anyone still had a doubt about it they received their answer now with the (rocket) firing.”

Opinion: As world opinion continues to turn against Israel we are reminded of Psalm 2:2:  ““The kings of the earth stand up, and the rulers take counsel together, against the LORD, and against His anointed.” (Psalm 2:2)

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 Posted by at 2:00 PM
Dec 182014
 

snb_2783022bZero Hedge: “Everyone thought that any major monetary policy surprises and/or capital controls today would come from Putin during his annual press conference. Boy were they wrong: just after 2 am Eastern, none other than the Swiss National Bank joined the ranks of the ECB in scrambling to stem the wave of capital flight, not to mention the cost of money, when it announced it too would start charging customers for the privilege of holding cash in its banks, when it revealed a negative, -0.25% interest rate on sight deposits: a step which according to the SNB was critical in maintaining the 1.20 EURCHF floor.

From the SNB:

  The Swiss National Bank (SNB) is imposing an interest rate of –0.25% on sight deposit account balances at the SNB, with the aim of taking the three-month Libor into negative territory. It is thus expanding the target range for the three-month Libor to –0.75% to 0.25% and extending it to its usual width of 1 percentage point. Negative interest will be levied on balances exceeding a given exemption threshold.Zero Hedge: “Everyone thought that any major monetary policy surprises and/or capital controls today would come from Putin

Opinion: This is really not complicated. Think of the US Federal Reserve (Fed) and the European Central Bank (ECB) as a bank for banks.

Bank of America, Deutsche Bank, Barclays, J.P. Morgan, and other large banks use the Fed and the ECB much as we use a bank. They store large amounts of money, called reserves, at central banks and when they need loans they can borrow directly from them.

In a normal world, banks pay depositors an interest rate and then loan these funds out to businesses and consumers at a higher interest rate for a profit. The bank’s goal is to earn a “spread”, which is the difference between the small business loan revenue of 5% and their cost to depositors of 1%. In this example, the bank would earn a spread of 4% on the total loan value (5% – 1% = 4%).

In addition, the Swiss have inched negative rates to avoid hot money flowing in from other EU nations which would drastically appreciate their currency and cause a severe disruption in exports.

The Fed has maintained a Zero Interest Rate Policy (ZIRP) for over five years in order to help repair our economy from the damage caused by the financial crisis. The goal of ZIRP was to keep interest rates so low that companies would be enticed to borrow super cheap money to hire workers and grow their businesses.

So if you are confused as to why banks find it necessary to take such drastic measures with all the positive economic news being reported, it is because the global economy, especially the EU, Russia, and China are actually incredibly weak.

And that is why the US dollar is strong; the cleanest’ shirt in the dirty laundry bag.

From a Biblical view, the Rider on the Black Horse (Revelation 6:5-6) bringing economic collapse is in view. But remember Revelation 6, the beginning of the 7 year tribulation period, comes after Revelation 4:1, the rapture.

(Thanks to Vason for editing and adding to this post)

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Dec 172014
 

Investors Business Daily Op-Ed: Israel: A U.N. Security Council resolution setting a deadline for Israeli retreat from land sought for a Palestinian state might as well declare the Jewish state dead. The U.S., disgracefully, is taking it seriously.

Netanyahu’s forceful response is no surprise: “Israel won’t accept any unilateral, time-defined measures” and “will repulse all efforts to bring terrorism into our home.”

As the Israeli leader has pointed out many times — most famously to President Obama’s face in the Oval Office in 2011 with the cameras rolling — a country as tiny as his cannot exist with those borders, with aggressive enemies next door.

Opinion: If you only watch 1 video today, make it this one. The Danish Ambassador’s comments are part and parcel of the EU/UN /US attitudes towards Israel. Caroline Glick’s response is spot on.

(Thanks to Nannette for sending the video)

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Dec 132014
 
Ireland: Mention of Israel Banned at Holicaust Memorial Day

The Algemeiner: “A furore has broken out in Ireland after organizers of the forthcoming Holocaust Memorial Day on January 27 decided to ban any mention of Israel at the event. The trustees of Holocaust Educational Trust Ireland (HETI) have instructed the host of the country’s main Shoah memorial event in January ‘not to refer to

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Dec 092014
 
Islamic State Claims ‘Radioactive Device’ Now in Europe

The Washington Free Beacon: “An alleged weapons maker for the Islamic State (IS) claimed that a “radioactive device” has been smuggled into an undisclosed location in Europe, according to an intelligence brief released Monday by the SITE Intelligence Group. “A Radioactive Device has entered somewhere in Europe,” according Twitter user Muslim-Al-Britani, who claims to be

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Nov 242014
 
Israel fears EU Parliament will recognize Palestine

YNet News: “The European Parliament plans to hold a vote on Thursday on a resolution to recognize a Palestinian state, following Sweden’s official decision to do so and symbolic votes in Spain, the UK and Ireland. The moves reflect mounting frustration in the EU at Israel’s expanding settlement program on land the Palestinians want for

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Nov 202014
 
Spanish Lawmakers Call for Recognition of 'Palestine'

Arutz Sheva: “Spanish lawmakers adopted a motion Tuesday calling on the government to recognize a Palestinian state, AFP reported. The motion submitted by the opposition Socialists asks the conservative government to recognize “Palestine” in coordination with any similar move by the European Union. It was adopted nearly unanimously in the lower house of parliament, with

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