Friday, November 26, 2010

In the news

There are a lot of interesting news stories today, so I'll keep the commentary brief.

Update: Korea

N Korea warns region is on brink of war

North Korea warned Friday that U.S.-South Korean plans for military maneuvers put the peninsula on the brink of war, and appeared to launch its own artillery drills within sight of an island it showered with a deadly barrage this week.

The fresh artillery blasts were especially defiant because they came as the U.S. commander in South Korea, Gen. Walter Sharp, toured the South Korean island to survey damage from Tuesday's hail of North Korean artillery fire that killed four people.

"The situation on the Korean peninsula is inching closer to the brink of war," the report in the North's official Korean Central News Agency said.

North Korea says U.S.-South Korea drills bring war closer

"The situation on the Korean peninsula is inching closer to the brink of war due to the reckless plan of those trigger-happy elements to stage again war exercises targeted against the (North)," the North's official KCNA news agency said.

"...The army and people of the DPRK (North Korea) are now greatly enraged at the provocation of the puppet group (South Korea) while getting fully ready to give a shower of dreadful fire and blow up the bulwark of the enemies if they dare to encroach again upon the DPRK's dignity and sovereignty even in the least."

North Korea said on Friday that impending military exercises by the South and the United States were pushing the region towards war, days after it launched its heaviest bombardment since the 1950-53 Korean War.


Update: The EU's financial crisis

Euro-Zone debt Crisis Escalates

The euro zone's sovereign debt crisis escalated Friday as the market homed in on Spain as another potential weak spot, leaving officials scrambling to quell investors' fears.

Finance ministers from all 27 EU member states are expected to hold a teleconference on Sunday to discuss the economic situation in Europe, a person in the diplomatic world said.

EU rescue costs start to threaten Germany itself

The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of monetary union

"Germany cannot keep paying for bail-outs without going bankrupt itself," said Professor Wilhelm Hankel, of Frankfurt University. "This is frightening people. You cannot find a bank safe deposit box in Germany because every single one has already been taken and stuffed with gold and silver. It is like an underground Switzerland within our borders. People have terrible memories of 1948 and 1923 when they lost their savings."

'Day of Reckoning' Nears

Borrowing costs for Europe’s most indebted nations are at record highs as Ireland’s capitulation in accepting a bailout of its banking industry stokes concern that other countries also will have to seek aid.

Policy makers must head off a “spreading disaster” in the euro region, said Mohamed El-Erian, chief executive officer of Newport Beach, California-based Pacific Investment Management Co. “The comforting statements issued by European ministers in recent days must be urgently translated into meaningful actions,” he wrote earlier this week in an article for the Financial Times.


Update: The Middle East

As predicted, based on Ezekiel 38, we see Turkey continue its anti-Israeli stance:

Erdogan: Turkey will not remain silent if Israel attacks Lebanon

Turkey PM warns Lebanese leaders that Israel may be planning an attack, calls on 5 permanent members of the UNSC to pressure Israel over its nuclear program.

Turkish Prime Minister Recep Tayyip Erdogan said Thursday that Turkey would not remain silent if Israel attacked Lebanon or Gaza, French News Agency AFP reported.

"Does (Israel) think it can enter Lebanon with the most modern aircraft and tanks to kill women and children, and destroy schools and hospitals, and then expect us to remain silent?" Erdogan said at a conference in Lebanon organized by the Union of Arab Banks.

Syria warns Israel: Evading peace will lead to Mideast war

Syrian Foreign Minister Walid Moallem on Friday criticized stalled peace talks between Israel and the Palestinians, warning that closing the horizons to peace could lead to war in the Middle East.

In an interview with the Russian newspaper Moscow News, Moallem accused Israel of evading peace and said that the window of opportunity for a peace deal is slowly closing.

Moallem warned of the ramifications of a new Middle Eastern war emerging, saying that in a new war everyone will lose due to the existing advanced military technology which could cause great damage even for the side with the greater military might.


It is amazing just how many prophetic stories are just on the very brink of exploding.

The EU's tenuous status and the instability if the Euro: Could this lead to the long awaited "10 Kings" phase?

The Korean crisis: Will this continue to escalate and will China become involved, leading to conflict with the U.S.?

The Middle East: Just on the brink. Turkey, who is part of the Gog-MaGog alliance is continuing with their rhetoric threatening war. Syria is doing the same. When will this powder-keg become ignited?

As mentioned before - so many aspects around biblical prophecy seem JUST on the brink.

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