the

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A DIGEST OF SIGNIFICANT WORLD NEWS FROM THE PHILADELPHIA TRUMPET STAFF FOR THE WEEK OF DECEMBER 5-11, 2010

We shall yet rue having

forgotten the powerful
lessons of that fateful
day on which a massive
enemy attack broke the
back of the USS Arizona.
Some 56 percent of
people interviewed by
Transparency International
said their country had
become more corrupt.
71 percent of Iranians
want the country to have
atomic weapons.
It may all be too good
to be true, but on the face
of it, theres an economic
miracle going on
in Germany.
The U.S. thinks it
has Iran on the run.
T
wenty-one thousand loans$3.3
trillion worth: That is what it took
in terms of hard currency for the
Federal Reserve to stop the fnancial
meltdown of the United States. Yet
where has this huge amount of money
gotten America? Is the system fxed?
Or is the Feds latest disclosure actually
evidence that the economy is far more
precarious than anyone admits?
The Federal Reserve fnally made
available details concerning its massive Wall Street bailout,
corporate bailout, andas it turns outforeign central
bank bailout. Although everyone knew the Fed went to
extremes to prop up the banking system during the tense
days of 2008, few knew just how far it had actually gone.
Yet the signifcance is lost on far too many people.
Actually, the Feds disclosure is a big deala very big
deal. That is why the Federal Reserve fought so hard for
two years to keep it secret.
It paints a picture of an economy in danger of sudden
collapse.
Much focus has been given to the scale of the bailouts.
$3.3 trillion is a massive amount of money. Measuring at
more than two times Americas budget defcit, it is incred-
ibly signifcant in terms of the U.S. economy.
The fact that this money was created out of thin air
seems to be missed by most people. But maybe that is ft-
ting, since much of what the Fed traded that $3.3 trillion
for appears to be vastly overpriced junk. $1.5 trillion worth
of collateral came with the ratings unavailable designa-
tion. Only 1 percent of the pledged collateral was highly
rated government treasuries.
It was also revealed that the Federal Reserve not only lent
$600 billion to foreign central banks, but also to foreign
auto makers like Toyota, and billions more to foreign private
banks at very low interest rates (sometimes at 0.15 percent).
In other words, at the height of the crisis, the Fed was
printing and lending money to anyone with a pulse, regard-
less of who they were and what collateral they pledged.
The Federal Reserve even lent cheap money to specula-
tive hedge funds and pension planslike the Major League
Baseball Players Pension Planto invest, in an attempt to
get money fowing through the economy again.
Under one of the Federal Reserves lending programs, it
was revealed that the Feds cycled a mind-boggling $9 tril-
lion in and out of the economy between the collapse of
investment bank Bear Stearns in March 2008 through to
January 2010, when the last loan was made.
To be fair, the Fed never had $9 trillion outstanding at
any one time. Many of the loans were very short term and
were paid back very quickly.
Through this program, Citigroup alone borrowed an
astounding $2.2 trillion in multiple revolving transactions
to stay afoat. Merrill Lynch borrowed $2.1 trillion across
226 loans. Bank of America borrowed $1.1 trillion in emer-
gency money to avoid failure. It asked the Fed for credit a
whopping 1,000 different times. Morgan Stanley took out
212 loans to stay in business. Even the venerable Goldman
Sachs borrowed $620 billion across 84 loans. Small banks
too went to the Fed for money to keep them going.
More ominously, it wasnt just the banks and failing hedge
funds that the Fed propped upit directly propped up many
of the biggest, most famous names in corporate America.
Credit card companies, insurance companies, vehicle
manufacturers all got loans. Some of this was known. But
did you know that Caterpillar took government money?
That Verizon Communications needed $1.5 billion? That
Harley-Davidson received bailout money 33 times, for a
total of $2.3 billion? General Electric Co. needed funding
12 times for a total of $16 billion?
Even McDonalds borrowed money from the Fed.
Why did the Fed give loans to these companies? How is
it that Harley-Davidson poses such a systemic risk to the
economy that it gets special bailout funding?
All these companies borrow money each and every day.
They need credit just to keep up business as usual. During
the economic crisis surrounding Sept. 11, 2008, the debt
markets froze. No one would lend moneyat all. Banks were
failing. The government was nationalizing trillion-dollar cor-
porations. The whole system was balanced on a razors edge.
Just imagine what would have happened if Caterpillar,
or Verizonor worse yet, McDonaldshad a failed debt
auction. If MacDonalds, one of Americas highest rated
companies, couldnt borrow money. Contagion could have
gone national, even international. A massive domino effect
might have swept the business world. The Fed had to step
in to provide the moneyor it risked total shutdown of
corporate America.
That is how addicted to debt America is. It cannot func-
tion without dailyhourlydebt injections. Stop the debt
america the precarious
see PRECARIOUS page 10
ROBERT MORLEY
COLUMNIST
Middle east
E
gypts ruling party won a sweeping victory in parliamentary
elections according to results released Monday following a fnal
round of voting. The National Democratic Party (ndp) won 83 per-
cent of the seats and, if independent candidates join with it as expected,
the party could control 96 percent of the legislature. The runoff elec-
tion, held Sunday, was boycotted by the two main opposition groups,
including the fundamentalist Muslim Brotherhood, because of alleged
massive vote-rigging. In the last elections, held in 2005, the Muslim
Brotherhood won 20 percent of the seats in parliament. This time
around, despite increased popularity, the Brotherhood failed to win a
single seat outright in the frst round of voting. The party has prom-
ised to mount legal challenges against the results, and Egyptian rights
groups are demanding that President Hosni Mubarak annul the elec-
tions and dissolve the newly elected parliament. Opposition fgure and
former head of the UNs nuclear watchdog agency Mohammed ElBara-
dei called for a boycott of next years presidential election, dismissing
Egypts election process as a farce. While the elections leave the ndp
frmly in control of the new parliament, this could instigate a backlash
resulting in greater support for its main rival, the Muslim Brotherhood.
Brazil announced on December 3 that it now recognizes an indepen-
dent Palestinian state, with Argentina following suit three days later
and Uruguay saying it intends to do the same in 2011. The Palestinian
Authoritys Foreign Minister Riad al-Malki said that he expected Para-
guay and other South American nations to recognize a Palestinian state
soon. Stratfor reports that the endorsements are a result of a campaign
by Palestinian Authority President Mahmoud Abbas to gain support
and to put pressure on the Israeli government to freeze settlement
activity. Abbas praised the moves, while Israel reacted by saying they
breached its 1995 agreement with the Palestinian Authority that any
Palestinian state would only come about by mutual negotiations. These
Latin American countries join some 100 other states, including most
Arab countries, in recognizing an independent Palestinian state, and
while the development is unlikely to make much if any difference on the
ground, it is another psychological victory for the enemies of Israel.
British Jewrys relationship with Israel is undergoing seismic change,
the Telegraph reported this week. One of the most senior leaders of
Britains Jewish community, speaking at a meeting at the London Jew-
ish Cultural Center on November 13, shattered a longstanding taboo
by publicly criticizing Israeli Prime Minister Benjamin Netanyahu over
the peace process, voicing concerns about Israeli policy and calling
for criticism of Israel to be voiced freely. Mick Davis, chairman of the
leading Anglo-Israel charity, the ujia, and the executive of the Jewish
Leadership Council, was supported in his statements by other Jewish
leaders. The British government and society have long shown hostility
against Israel; now it is emerging that even the Jewish community in
Britain is withdrawing its support for the Jews of Israel. This trend was
foretold in Bible prophecies that reveal that the time is coming when
Israel will no longer be able to rely on the U.S. or Britain for support in
the peace process and will instead look more to Europe.
A massive wildfre in northern Israel that overwhelmed Israeli fre-
fghters was fnally contained, with the help of international frefghting
crews, on Sunday, after claiming 42 lives and forcing the evacuation of
thousands of people from their homes as the fres raged for three days.
Haaretz criticized Prime Minister Netanyahus handling of the crisis,
calling it his Hurricane Katrina, his BP oil spill. Blame has also been
pointed at the interior minister, whose ministry is responsible for the
countrys frefghting services. The brushfre, which destroyed about 50
square kilometers of forest land and caused extensive damage to homes
and infrastructure, is considered the worst natural disaster in Israels
history, Xinhua reports. The fre is just one more end-time curse on a
THE TRUMPET WEEKLY December 11, 2010 2
iran is planning to place medium-range
missiles on Venezuelan soil according to
an article in the German daily, Die Welt, of
November 25. According to the article, an
agreement between the two countries was
signed during the last visit of Venezuelan
President Hugo Chvez to Tehran . The
previously undisclosed contract provides for
the establishment of a jointly operated mili-
tary base in Venezuela, and the joint devel-
opment of ground-to-ground missiles.
According to Die Welt, Venezuela has
agreed to allow Iran to establish a military
base manned by Iranian missile offcers,
soldiers of the Iranian Revolutionary Guard
and Venezuelan missile offcers. In addi-
tion, Iran has given permission for the mis-
siles to be used in case of an emergency.
In return, the agreement states that Ven-
ezuela can use these facilities for national
needsradically increasing the threat to
neighbors like Colombia. The German daily
claims that according to the agreement,
Iranian Shahab 3 (range 1,300-1,500 km)
will be deployed in the proposed base .
Venezuela has also become the coun-
try through which Iran intends to bypass
UN sanctions. Following a new round of
UN sanctions Russia decided not to sell
fve battalions of S-300pmu-1 air defense
systems to Iran. Now that these weap-
ons cannot be delivered to Iran, Russia is
looking for new customers it found one:
Venezuela.
Novosti reports that if the S-300
deal with Venezuela goes through, Caracas
should pay cash for the missiles. If Iran,
therefore, cannot get the S-300 missiles
directly from Russia, it can still have them
through its proxy, Venezuela, and deploy
them against its staunchest enemy, the
U.S. . If a missile base can be opened in
Venezuela, many U.S. cities will be able
to be reached from there even with short-
medium range missiles.
The situation that is unfolding in Ven-
ezuela has some resemblance to the Cuba
crisis of 1962.
Among the nations that aspire to become
world powers, Iran has certainly the best
capabilities of posing a challenge to the
West. Iran is soon going to have a nuclear
weapon, and there are no signs that UN
sanctions will in any way deter the Ayatol-
lahs regime . Now we learn that Iran is
planning to build a missile base close to the
U.S. borders.
iran placing
medium-range
missiles in Venezuela
HUDSON NEW YORK,
ANNA MAHJAR-BARDUCCI | December 8
THE TRUMPET WEEKLY December 11, 2010 3
nationbiblical Judahthat does not have Gods protection.
In another WikiLeaks disclosure, Lebanons Western-backed gov-
ernment told the U.S. that Iran telecom was taking over the country
when in April 2008 it discovered a secret Hezbollah communications
network operating across the country, according to a U.S. State De-
partment cable. The Lebanese minister of communications, Marwan
Hamadeh, told the Americans that the Iranian Fund for the Recon-
struction of Lebanon fnanced the network. The group was accused of
laying telecommunications lines in tandem with the rebuilding of roads
and bridges. It was shortly after this that Iran solidifed its control of
Lebanon politically following a show of Hezbollahs strength.
JERUSALEM POST | December 9
71 percent of iranians
Want nuclear arsenal
T
he majority of Iranians are in favor of their country having nuclear
weapons, despite the fact that they are worried about international
sanctions, according to a poll carried out by U.S.-based Charney
Research for the International Peace Institute.
The poll found that 71 percent of Iranians want the country to have
atomic weapons, a number that stood on only 52 percent in 2007
CHRISTIAN SCIENCE MONITOR | December 6
a stronger iran returns
I
ran began talks Monday in Geneva with world powers eager to curb
its expanded nuclear capabilities. But some Iranian offcials
say their nuclear program (which has made substantial progress
on nuclear enrichment, despite new sanctions) wont even be on the
agenda. And if it is, the political and technical landscape has changed
so much in the past yearproof that U.S. efforts have backfred, say
analyststhat Irans hand is stronger going into these talks.
While Iran is set on pursuing its independent uranium enrichment
policy, and when the U.S. is not in a position of starting a new war in
the region, time is against Washington, says Kayhan Barzegar, an Iran
specialist at Harvard Universitys Belfer Center for Science and Inter-
national Affairs.
The U.S. thinks it has Iran on the run after Tehran experienced
some technical problemsthe International Atomic Energy Agency
(iaea) reported that all of Irans 8,426 centrifuges involved in low
enrichment were idle in mid-Novemberit has also made progress in
many areas.
Its easy if you are sitting at the State Department to say: Were
steamrolling these guys, says Ms. Barzashka. But at the same time,
Iran is pushing forward with 20 percent enrichment. Theyre pushing
forward with their own fuel manufacture.
If reducing Irans capacity to get a nuclear bomb was a concern, the
delayed diplomacy and Irans inability to secure 20 percent fuel from
any other source have so far given Iran a reason [to go] for higher en-
richment, putting it closer to a bomb, she says.
Sanctions dont push back the nuclear clock, but 20 percent enrich-
ment actually pushes that [clock] forward, Barzashka adds. Iran has
already produced about 33 kilograms of the higher-grade material; if it
were able to get the fuel, it would have no reason to enrich to that level.

RON FRASER | COLUMNIST
For the past two decades,
the Trumpet has warned of
the revival of the German
question and has continu-
ally pointed out just how
little understood this major
geopolitical phenomenon
is. That has been our theme
for over 20 years, consistent
with the prophetic warnings of our late men-
tor, Herbert Armstrong, which go clear back
to even before World War ii.
Some intelligence experts are now seeing it.
Take Stratfors European analyst Marko
Papic, who after recent observations on what
the leaked U.S. diplomatic dispatches have
revealed concerning Germany. Our readers
know we have consistently declared Germany
is destined to dominate Europe, overtake nato
and replace it with a pact with Russia.
No surprise then when Papic wrote, We
have also seen the German-Russian rela-
tionship grow and in particular this has
given Berlin an impetus to evolve its rela-
tionship with its nato member state allies
(December 2; emphasis mine throughout).
There is another observation that Papic
made that should ring in our ears, The 2008
fnancial crisis and the subsequent 2010
eurozone sovereign debt crisis have allowed
Germany to exert more infuence on EU
affairs. In particular, Berlin has looked to re-
shape and reformulate European Union and
the eurozone in its own image (op. cit.).
Herbert Armstrong foretold that same
story to his supporters on July 7, 1984, de-
claring what would cause Europe to suddenly
unite: I think I can see what may be the very
event that is going to trigger it, and that is the
economic situation in the world.
All of a sudden Germany is calling the
tune on the European economy. The euro-
zone nations, especially those in debt crisis,
effectively handed control of their economies
to the regulators in Berlin/Brussels.
You are now seeing current-day, living
Bible prophecy take place before your very
eyes!
The WikiLeaks revelations on the growing
tensions between Germany and Washing-
ton, which Stratfors Marko Papic concluded
as being perhaps the most signifcant and
yet the least understood geopolitical issue
of the moment is, in reality, the greatest of
non-leaks.
Its been embedded in the prophecies of
your Bible for 3,000 years. Now its rapidly
becoming reality!
Its the greatest non-leak of the past century.
the great
Wiki non-leak
europe
G
erman deFense Minister Karl-Theodor zu Guttenberg argued
for greater European military cooperation on December 9 as he
met with other European defense ministers in Brussels. The
commitment to European defense must be more than just lip service,
wrote Guttenberg in an article in the Frankfurter Allgemeine Zeitung,
published on the same day. By intensifying our military coopera-
tion, we will all beneft in the end. Guttenberg worked with Swedish
Defense Minister Sten Tolgfors to present EU defense ministers with
a plan to streamline Europes militaries as nations cut their defense
budgets. The scarcity of resources in all nations, wrote Guttenberg,
means that nations need to pool their military equipment. A lot of
politicians have talked about integrating Europes militaries, but often
it has yielded little results. In the short time that Guttenberg has been
German defense minister, however, he has begun a complete revolution
of the German military. His advocating European military cooperation
could well achieve signifcant results.
Nearly 2,000 people said they had been sexually or physically
abused as minors by Roman Catholic Church personnel in the Neth-
erlands, an independent commission reported on December 9. This
makes the Netherlands the second-most abused nation by the Catholics,
after Ireland.
Hungary had its credit rating cut by two notches by credit-rating
agency Moodys on December 6. Its rating is now Baa3, Moodys lowest
investment grade. Moodys said its outlook for Hungary is negative,
meaning it may downgrade it to junk status in the next three months.
TELEGRAPH, JEREMY WARNER | December 7
germanys
economic miracle
I
t may all be too good to be true, but on the face of it, theres an
economic miracle going on in Germany, against which the crisis in
the peripheral economies of the eurozone, all-absorbing spectacle
though it is, seems something of a sideshow.
Rewind seven years to 2003, and Germany was widely regarded as
the sick man of Europeuncompetitive after the traumas of reunif-
cation, infexible, uncreative and far too dependent on manufacturing
for a modern, post-industrial society. But the crisis has vindicated
Germanys economic model, while the boom in developing markets,
far from wiping out Germanys manufacturing sector, has by provid-
ing fast-growing new export markets for German companies, proved a
positive boon.
Germany is experiencing a sharp V-shaped recovery, more so than
any other major advanced economy as industrial production, poleaxed
by the banking crisis, bounces back.
Nor is this recovery entirely down to industrial production. Services
have bounced back sharply too. One reason for this is that since 2003,
Germany has sharply increased its competitiveness against the euro-
zones peripheral economies.
Germany has acted to reduce once-internationally-uncompetitive rates
of corporation tax. For multinationals, the tax regime in Germany is now
marginally more competitive than the UK. More importantly, unit labor
costs have been signifcantly reduced relative to the rest of the eurozone.
Germany has invested heavily in energy effciency, further reducing
its costs.
THE TRUMPET WEEKLY December 11, 2010 4
u.s. Fiscal Health
Worse than europes
the u.s. dollar will be a safe invest-
ment for the next 6 to 12 months be-
cause global markets are focused on the
eurozones troubles but Americas fscal
health is worse than Europes, an adviser
to the Chinese Central Bank said on
Wednesday.
Li Daokui, an academic member of
the central banks monetary policy com-
mittee, said that U.S. bond prices and
the dollar would fall when the European
economic situation stabilized. For now,
market attention is still on Europe and
for the coming 6 to 12 months, it will
not shift to the United States, Li said .
But we should be clear in our minds that
the fscal situation in the United States
is much worse than in Europe. In one
or two years, when the European debt
situation stabilizes, attention of fnancial
markets will defnitely shift to the United
States. At that time, U.S. treasury bonds
and the dollar will experience consider-
able declines.
In Europe, Irelands parliament passed
the frst in a series of resolutions under-
pinning its 2011 austerity budget on Tues-
day, marking the frst step in a lengthy
approval process. But investors are now
worried that the regions debt crisis could
engulf Portugal next, or Spain.
China has a big stake in the perfor-
mance of dollar assets. The country
holds the worlds biggest stockpile of
foreign exchange reserves at $2.64 tril-
lion, and an estimated two thirds of that
is invested in dollar assets, including U.S.
treasuries.
Li was speaking on the sidelines of a
fnancial forum in Beijing. He sits on the
monetary policy committee of the central
bank but does not have real infuence on
key decisions on interest rates and the
yuan.
Chinas annual economic growth
will exceed 9.5 percent in 2011 and will
remain above 9 percent through the
coming decade, Li told the forum. The
long-term growth outlook would be
underpinned by the need to continue
investing in infrastructure, he said.
China has a vast domestic demand that
is untapped, and thats the fundamental
difference between China now and Japan
in 1985, Li told a forum.
Li also predicted that global com-
modities prices, including oil, would rise
sharply next year.

REUTERS | December 8
In marked contrast to other advanced economies, unemployment
barely rose during the crisis and is now back below pre-crisis levels.
This was only partly due to government policy to subsidize employ-
ment during the downturn. Employees also agreed part-time working
arrangements, which employers were happy to accept so as to preserve
a skilled workforce for the upturn.
Levels of youth unemployment have remained among the lowest in
Europe, thanks largely to Germanys apprenticeship system. The pay is
marginal, but the young worker ends up trained.
German companies are investing as heavily abroad as at homepar-
ticularly in China, where German investment is now almost as big as for
the entire EU-15 put together. German trade with bric states has grown
at such a rate that it now exceeds trade with the U.S., once Germanys
biggest market after Europe.
Contrary to received wisdom, the problem of subdued domestic de-
mand in Germany isnt primarily one of lack of consumption. In fact, it
is private investment that has been the problem. Post the reunifcation
boom, much of Germanys surplus of savings fowed into the periphery
of the eurozone, where it fnanced unsustainable real-estate and con-
struction booms.
But this is now changing. More of the surplus is now staying at home,
funding a renewed domestic investment boom which restores Germa-
nys position as the engine room of Europe.
Imports are now rising more strongly than exports.
Too good to be true? Seeing is believing.
DEUTSCHE WELLE | December 2
germans negative about
muslims and Jews
G
ermans view Muslims and their religion, as well as Jews, more
negatively than their European neighbors, according to sociolo-
gist Detlef Pollack, who led a study on religious tolerance by the
University of Muenster in northwestern Germany.
Compared to France, the Netherlands and Denmark, there is a more
rigid and intolerant understanding of extrinsic religions in Germany,
Pollack said. Most Germans entirely disagree with a recent statement
by President Christian Wulff that Islam belongs to Germany, he
added.
The study also revealed a more prevalent anti-Jewish undercurrent
in Germany than in other western European countries. A little more
than 28 percent of West Germans and 29 percent of East Germans
had negative attitudes about Jews, the survey found. This compared to
about 10 percent in the Netherlands, 12 percent in Denmark, and nearly
21 percent in France.
The fgures and comparisons were also similar for other religions,
such as Hinduism and Buddhism.
The representative survey, which polled 1,000 people in each of the
four countries mentioned, found that fewer than 5 percent of Germans
thought Islam was a tolerant religion, compared to roughly 20 percent
for the Danes, Dutch and French.
In Germany only 34 percent of those surveyed in the west of the
country and 26 percent in eastern Germany had a positive view of
Muslims.
When asked what they associated with Islam, more than 80 percent
said discrimination of women, 60 percent said fanaticism, and only
8 percent of West Germans and 5 percent of East Germans said that
Islam was peaceful.
THE TRUMPET WEEKLY December 11, 2010 5
a World With no
one in charge
currency wars. Terrorist attacks. Military
conficts. Rogue regimes pursuing nuclear
weapons. Collapsing states. And now, mas-
sive leaks of secret documents. What is the
cause of such turbulence? The absence of
empire.
Americas ability to bring a modicum of
order to the world is simply fading in slow
motion.
The days of the U.S. dollar as the worlds
reserve currency are numbered, just as
our diplomacy is hobbled by wide-ranging
security leaks that are specifc to an age of
electronic communication, itself hostile to
imperial rule.
Then there is Americas military power.
Armies win wars, but in an age when the the-
ater of confict is global, navies and air forces
are more accurate registers of national might.
(Any attack on Iran, for example, would be
a sea and air campaign.) The U.S. Navy has
gone from nearly 600 warships in the Reagan
era to fewer than 300 today, while the navies
of China and India grow apace. Such trends
will accelerate with the defense cuts that are
surely coming in order to rescue America
from its fscal crisis. The United States still
dominates the seas and the air but the
distance between it and other nations is nar-
rowing.
As for Taiwan, China has 1,500 short-
range ballistic missiles pointed at the island,
even as hundreds of commercial fights
each week link Taiwan with the mainland in
peaceful commerce. When China effectively
incorporates Taiwan in the years to come,
that will signal the arrival of a truly multipo-
lar and less predictable military environment
in East Asia.
In the Middle East we see the real collapse
of the Cold War imperial order. The neat
Israeli-Arab dichotomy that mirrored the
American-Soviet one has been replaced by a
less stable power arrangement, with a zone
of Iranian infuence stretching from Lebanon
to western Afghanistan, pitted against both
Israel and the Sunni Arab world, and with
a newly Islamic, and no longer pro-Western,
Turkey rising as a balancing power.
Yes, empires impose order, but that order
is not necessarily benevolent, as Irans
budding imperial domain shows. Out of
self-interest we will probably not involve
ourselves in another war in the Middle East
even as that very self-interest could consign
the region to a nuclear standoff.
[L]essening our engagement with the
world would have devastating consequences
for humanity.
WASHINGTON POST,
ROBERT D. KAPLAN | DECEMBER 5
asia
R
ussian president Dmitry Medvedevs trip to Europe this week has
improved his countrys relations with the Continent and brought
Russia closer to joining the World Trade Organization (wto). Med-
vedev visited Brussels for an EU-Russia summit on December 7, where
he signed a bilateral trade agreement between Russia and the European
Union which European Commission President Jos Manuel Barroso
called a milestone. Russia has been negotiating to join the wto for 17
years, and Barroso said that We expect Russia to join the wto next year.
Russia came to a similar agreement with the U.S. in September, mean-
ing that few obstacles bar it from wto membership. On the same trip, on
December 6 Medvedev visited Poland, where he worked to improve rela-
tions in the frst offcial visit to the country by a Russian leader in nine
years. Medvedev said that in order to attain better relations with nato
and the EU, Russia must draw closer to Poland. The Russia-EU, and spe-
cifcally the Russia-Germany, relationship is an important one to watch.
If the two work together, as they have several times in recent history, they
can rise in power quicklyputting them in a better position to wage war.
Gen. Ricardo David Jr., the chief of staff of the Armed Forces of the
Philippines (aFp), traveled to Beijing on Tuesday to meet with Chinese
military offcials and sign a military logistics deal between the two na-
tions. Although the details of the agreement havent been divulged, an
aFp spokesman said it was a step in the direction of bolstering military
ties between Beijing and Manila, which would greatly beneft the Philip-
pines 130,000-man army. The aFp is too weak to control either internal
threats in the Philippines or external security challenges involving the
nations many sea-lanes and islands. Historically, Manila has depended
on the U.S. for the military assistance it needs in these areas, but the
U.S.-Philippines military relationship is cooling as Washington becomes
distracted by pressures in the Middle East and elsewhere. Meanwhile,
Beijing sees the void as a chance to gain a foothold in the Philippines and
expand its sphere of infuence in Southeast Asia, while simultaneously
elbowing the U.S. out. As Americas infuence in the Philippines and all of
Asia wanes, Chinas soft-power diplomacy and hard-power buildup will
fll the void and steadily solidify the Asian nations into a global power.
TELEGRAPH, AMBROSE EVANS-PRITCHARD | December 5
chinas credit Bubble on
Borrowed time
T
he royal Bank of Scotland has advised clients to take out protec-
tion against the risk of a sovereign default by China as one of its
top-trade trades for 2011. This is a new twist.
It warns that the Communist Party will have to puncture the credit
bubble before infation reaches levels that threaten social stability. This
in turn may open a can of worms. Many see Chinas monetary tighten-
ing as a preemptive tap on the brakes, a warning shot across the prover-
bial economic bows. We see it as a potentially more malevolent reactive
day of reckoning, said Tim Ash, the banks emerging markets chief.
Offcially, infation was 4.4 percent in October, and may reach 5 per-
cent in November, but it is too hard fnd anybody in China who believes
it is that low. Vegetables have risen 20 percent in a month.
Diana Choyleva from Lombard Street Research said the money sup-
ply rose at a 40 percent rate in 2009 and the frst half of 2010 as Beijing
stoked an epic credit boom to keep uber-growth alive, but the costs of
this policy now outweigh the benefts.
THE TRUMPET WEEKLY December 11, 2010 6

BRAD MACDONALD | COLUMNIST
when Kim Jong Il began shell-
ing the South Korean island
of Yeonpyeong last month,
most of the world, especially
regional counterparts such
as Japan and Taiwan, roared with disapproval.
China though, remained relatively quiet.
The reason is simple. Chinas leaders sup-
port Kims regime because a rogue North
Korea serves Chinas ambitions, both within
the region and globally!
The existence of an unpredictable, highly
volatile nuclear aspirant is a distraction to Chi-
nas competitors. Chinese President Hu Jintao
uses Kim to keep Japan and South Korea off
balance. China employs North Korea in Asia in
much the same way Iran employs Hezbollah in
Syria and Lebanon: as an instrument to push,
pry and distract Western-aligned governments,
thereby undermining and countering U.S.
interests in Asia.
But ultimately, the reason Beijing keeps
North Korea afoat is because Kim Jong Ils
ideologies and ambitions align perfectly with
Chinas goal of undermining the united states!
The media are awash with reports on Chi-
nas effort to destabilize the dollar and under-
mine the American fnancial system. Evidence
shows that Beijing is expanding its military
capacities to counter America. China is com-
peting with the U.S. in space, and reports show
it to be undermining U.S. power in cyberspace.
It has forged dubious relationships with anti-
American regimes, and it consistently handi-
caps Americas diplomatic ventures.
When you consider Chinas defense of North
Korea in this broader perspective, theres only
one conclusion: China considers Pyongyang a
tool with which it can challenge the U.S.!
Why isnt China concerned about Pyong-
yangs nukes fnding their way into the hands
of terrorists? Simple. It knows the nukes wont
explode in Beijing or Shanghai, but in New York
City or Los Angeles. China has groomed North
Koreas nuclear ambitions from their infancy.
It pleases Beijing that Pyongyangs nukes are
pointed not west, but east, at Americas shores.
No matter where we live, we must take
North Korea seriously. Bible prophecies speak
of a soon-coming nuclear winter. In the Olivet
prophecy in Matthew 24, Jesus Christ warned
that world conditions would be so bad immedi-
ately before His Second Coming that unless He
intervened, there should no fesh be saved.
By continuing to sponsor North Koreas bel-
ligerence, China is accelerating the fulfllment
of this prophecy.
Why china refuses
to Deal With
north Korea
THE TRUMPET WEEKLY December 11, 2010 7
The economy is entering the ugly quadrant of cyclestagfation
where credit-pumping leaks into speculation and price spirals, even as
growth slows.
The froth is going into property. Experts argue heatedly over wheth-
er or not China has managed to outdo Americas subprime bubble, or
even match the Tokyo frenzy of late 1980s. The imF straddles the two.
China is trying to keep the game going as if nothing has changed, but
cannot do so. It dares not raise rates fast enough to let air out of the
bubble because this would expose the bad debts of the banking system.
The regime is stymied.
Albert Edwards from Socit General said the oecds leading indica-
tors are signaling a downturn for Asias big fve (Japan, Korea, China,
India, and Indonesia).
I remain convinced we are witnessing a bubble of epic proportions
which will burstcatching investors as unawares as the bursting of the
Asian bubbles of the mid-1990s. Ignore these indicators at your peril, he
said.
The sons of Mao insist that they have studied the Japanese debacle
closely and will not repeat the error. And I can sell you an ocean-front
property in Chengdu.
africa/latin aMerica
T
he ivory Coast continued to slide toward unrest or even civil war
this week as protests continued over the results of its November
28 elections. Both incumbent President Laurent Gbago and his
opponent Alassane Ouattara claimed victory after the run of elections.
The Ivory Coasts Constitutional Court ruled that Gbago won 51 per-
cent of the votes, and Ouattara 49 percent. However, the Independent
Electoral Commission says that Ouattara won. The U.S., UN, EU and
AU have all called for Gbabo to step down.
Somali pirates hijacked a Bangladeshi ship only 300 miles from the
coast of India on December 5. The Jahan Moni was 1,300 miles east of
Somalia when it was seized. Western efforts to combat Somali piracy
have mainly involved patrolling the Gulf of Aden. They have not dealt
with the cause of the problem, but rather merely tried to protect a small
area from pirates. This means that the problem has not gone awaythe
pirates are just spreading out over a much larger area.
Haiti was shut down by violent protests this week after preliminary
election results were announced on December 7. The nations electoral
council announced the two leaders who would go forward to a run-off
election in January. Jude Celestinprotg of the current president,
Rene Prevaltook one of the spots at the expense of Michel Martelly, a
popular singer. In response to the unrest, the electoral council an-
nounced it would recount the votes.
TIME | December 9
politics Bring new
turmoil to Haiti
T
he longstanding credibility issues of Haitis Provisional Electoral
Council (cep) continued on Tuesday, when it announced prelimi-
nary election results that gave second placeand a place on a
runoff ballot on January 16to President Rene Prevals hand-picked
candidate, Jude Celestin. International observer groups maintain that
the world is considered a more cor-
rupt place now than it was three years
ago, a poll suggests. Some 56 percent
of people interviewed by Transpar-
ency International said their country
had become more corrupt.
The organization put Afghanistan,
Nigeria, Iraq and India in the most
corrupt category, followed by China,
Russia and much of the Middle East.
Meanwhile, a bbc poll suggests that
corruption is the worlds most talked
about problem. About one in fve of
those polled by the bbc said they had
discussed issues relating to corruption
with others in the last month, making
it the most talked-about concern ahead
of climate change, poverty, unemploy-
ment and rising food and energy costs.
In the Transparency International
survey, political parties were regard-
ed as the most corrupt institutions,
and 50 percent of people believed
their government was ineffective at
tackling the problem. One in four
of those polled said they had paid a
bribe in the past yearthe police be-
ing the most common recipient. Some
29 percent of bribes went to the po-
lice, 20 percent to registry and permit
offcials, and 14 percent to members
of the judiciary.
Religious bodies experienced a
sharp rise in people regarding them
as corrupt28 percent in 2004 in-
creased to 53 percent by 2010.
Unfortunately peoples experience
with bribery most often involves the
police, and this is really worrying,
[Robin Hodess, Transparencys policy
and research director,] said. Its a fg-
ure thats grown in the past few years.
Its nearly doubled, in fact, since
2006. Nearly one in three people who
had contact with the police around
the world had to pay a bribe.
By region, people in sub-Saharan
Africa were the most likely to have
paid a bribe (56 percent). Bribe-tak-
ing was least common in EU coun-
tries and North America (both 5 per-
cent)although these were the two
regions seeing the biggest increase in
concern about corruption.
Analysts blame this rising concern
on the global fnancial crisis for under-
mining peoples faith in government,
banks and economic institutions.
World is getting
more corrupt

BBC | December 9
THE TRUMPET WEEKLY December 11, 2010 8
Celestin had, in fact, fnished third behind opposition candidate Michel
Sweet Micky Martelly. After an election marred by widespread reports
of fraud, many Haitians took to the streets to make it clear whom they
were believing, and it wasnt the cep.
The resulting wrath, especially among Martelly supporters, led to
gunfre and left the streets of Port-au-Prince choked by roadblocks
and burning tires on Wednesday, while the headquarters of the ruling
inite (Unity) Party was set on fre. Preval, widely criticized for his aloof
response to Januarys massive earthquake that killed 230,000 people,
called for calm; but the unrest shut down the capitals airport. With
more than a million Haitians still homeless after the quake, and with
a cholera epidemic so far claiming 2,100 more lives, the nation is in no
mood to tolerate what many suspect is government-engineered fraud.
Since none of the 19 candidates won a 50-percent-plus-one majority
in the frst round on November 28, a runoff between Manigat and the
No. 2 candidate, either Celestin or Martelly, will be staged in the new
year. But on Wednesday, Port-au-Prince was awash with rumors that
because of the controversy, the cep may now call for a three-candidate
runoffsomething Martelly and his backers rejected as a ploy to keep
Celestins candidacy alive in spite of the international observers reports.
anglo-aMerica
B
ritish protesters attacked a car carrying Prince Charles on Thurs-
day. The prince and his wife were riding to an evening show when
crowds surrounded their Rolls Royce; kicked it; threw bottles,
bins and paint on it; and cracked a window on Prince Charless side.
The throng was leaving a major protest in Trafalgar Square where they
had been denouncing Parliaments 323-302 vote to remove much of its
subsidizing of university education. Protesters had bombarded police
with fares, sticks, paint balls and other objects and set fre to benches
in Parliament Square, the Telegraph reported.
The Offce for National Statistics reported Thursday that more than
1 in 10 Britons were born abroad. The number of Europeans who reside
in the United Kingdom has increased sevenfold since the expansion of
the EU. Africa, India, Pakistan and Bangladesh were the other major
sources of immigration. The proportion of foreign-born Britons dou-
bled to 11 percent, or 7 million people, between 1981 and 2009. England
is also one of Europes most congested countries, the report said, with
an average of about 400 people per square kilometer.
A study by the Organization for Economic Cooperation and Devel-
opment released Tuesday found that students in the United Kingdom
and the United States lag behind in tests of math, science and read-
ing. Asian nations dominated the top spots, while Britain ranked 16th

in science, 25th in reading and 28th in math. In 2000, it was eighth
or higher in all three categories. Despite its affuence, the U.S. ranked
only just above the average: 17th in reading, 23rd in science and 32nd
in math.
Making headlines this week in the United States was the closing of a
notorious housing project. Originally an attempt to provide affordable
housing for Chicagoans, the 70-acre Cabrini-Green housing project has
become an open sore to the city of Chicago and an infamous symbol
of failed planning, urban crime and unending murder. The project is
scheduled for demolition as another attempt by human government
fails to fnd the way to right living.
Authorities in Escondido, California, burned a house that was so full
of homemade explosives that it could not be entered. The house was
rented by an unemployed Serbian-born man and was stuffed with a
stockpile of chemicals and substances similar to those used by suicide
bombers and insurgents.

STEPHEN FLURRY | COLUMNIST
in the wake of the WikiLe-
aks scandal, the United
States has feverishly worked
to downplay the adverse
impact of the unauthor-
ized release of more than
250,000 classifed State
Department documents.
After predicting the impact
would be fairly modest, Secretary of Defense
Robert Gates proclaimed, We are still ... the
indispensable nation.
White House Press Secretary Robert Gibbs
exuded this same air of superiority during
an interview with FoxNews. Were not afraid
of one guy with a laptop, he said. Were the
United States of America!
This infated sense of self-worth, however,
does little in the way of fxing the massive
amount of damage the leaks have already
caused. Besides being a monumental embar-
rassment, the security breach has caused
serious damage to Americas war-fghting and
information-gathering abilities. And the most
disturbing development in all of this, as Charles
Krauthammer noted, is the helplessness of
a superpower that not only cannot protect its
own secrets but shows the world that if you
violate its secretsmassively, wantonly and
maliciouslythere are no consequences.
Amazingly, when asked why the United States
didnt use Cyber Command in order to prevent
the WikiLeaks fasco, Pentagon spokesman Geoff
Morrell said that while the U.S. had offensive
capabilities, it decided it would not have been
appropriate to preemptively strike at WikiLeaks.
Besides that, Morrell went on to explain, were
the United States of America! None of this ad-
versely impacts Americas power or prestige.
The rest of the world, meanwhile, sees Amer-
ica as a former superpower whose strength and
prestige is in rapid decline. The pride of Ameri-
cas power has already been broken, just as God
said it would be (Leviticus 26:19). And noth-
ing illustrates this quite like Americas passive
response to the WikiLeaks sabotagea blatant
act of international espionage aimed directly at
the United States; an attack the U.S. might have
been able to stop, but chose not to.
Its a far cry from the iron-handed approach
to foreign affairs that presidents like Theo-
dore Roosevelt once employed, when America
was on the rise as a prestigious and dominant
world power. Speak softly and carry a big
stick[and] you will go far, Roosevelt said. As
Thomas Bailey wrote in The Art of Diplomacy,
Roosevelts proverb means that for diplomatic
courtesy to produce tangible results, it has to
be backed by a show of real strength.
speak loudly and
carry a small stick
THE TRUMPET WEEKLY December 11, 2010 9
WEEKLY STANDARD | December 7
gitmo recidivism
rate soars
O
ne hundred and ffty former Guantanamo detainees are either
confrmed or suspected of reengaging in terrorist or insurgent
activities, according to a new intelligence assessment released
by the Director of National Intelligences offce on Tuesday. In total, 598
detainees have been transferred out of U.S. custody at Guantanamo.
One out of every four, or 25 percent, of these former detainees is now
considered a confrmed or suspected recidivist by the U.S. government.
The dnis latest assessment is a signifcant increase over previous esti-
mates. As recently as February of this year, the Obama administration
claimed that none of the detainees it had transferred had returned to ter-
rorism. While that may have been true at the time, it was not for long.
The dnis new assessment notes that the number of former detainees
identifed as reengaged in terrorist or insurgent activity will increase.
On average, there is about 2.5 years between when a detainee leaves
Gitmo and the U.S. Intelligence Community frst learns that he has
reengaged in terrorist or insurgent activities.
In other words, it is likely that more detainees who have been trans-
ferred since January 2009, and even before, will be added to the dnis
recidivist list in the future.
PRESSTV | December 7
u.s. state Debts soar
A
merican states have taken drastic measures, bracing for more cuts,
layoffs and tax increases as they collectively owe trillions of dollars
in debt. Some of the measures include releasing the prisoners early
or laying off police offcers. Some analysts, though, believe the root of the
problem is that government employees have traditionally been overpaid.
States now do not have enough money to pay for pensions and will
be forced to renegotiate retirement benefts of government workers.
Unless they can renegotiate these liabilities, because they cant pay
them, theyre far too big, you have to look at bankruptcy by state gov-
ernments as an alternative, economist Rollin Amore told Press tv.
The problem has been kept mostly hidden from the public eye. The
fnances of some states and local governments are comparable to the
run-up to the subprime mortgage meltdown or that of the debt crisis
hitting nations in Europe, analysts say.
DER SPIEGEL | December 6
a lot of Blood for little oil
C
ontrary to what many people believe, the Iraq war provided few
advantages for the U.S. oil industry. The diplomatic cables show
that, in most cases, it was competitors to the Americans who
often did better in the country. Only one U.S. company truly profted:
Halliburton.
In the end, bidder consortiums led by Frances Total and Chinas
cnpc secured contracts. Other companies awarded contracts were from
Malaysia, Vietnam, Angola, Norway, Britain and Russia.
But there were no U.S. companies.
Dude Whines
like a liberal
the associated Press recently ran an
article that should frmly establish the
unc [University of North Carolina] system
as the most ridiculous system of hire (pun
intended) education in the United States
of America.
According to the AP, Nicole actually
spent over $100,000 on an attempted
transition from male to female, includ-
ing fying to, of all places, Thailand,
for sexual reassignment surgery. After
spending at whopping $20,000 on facial
hair removal Nicole still had a problem:
His voice still gave him away as a male
(because he was and still is a male).
This alleged victim had to endure
callers referring to him as sir when
he answered the phone. It offended him
badly because he wants to be referred to
as maam .
So what was Nicole to do in order
to fnd a solution to the problem of
people correctly identifying his actual
God-given gender? Despite the deep
budget crisis, North Carolina taxpayers
pay uncg [University of North Carolina
Greensboro] speech pathologists to teach
transgender people how to speak like the
people of the sex they are trying unsuc-
cessfully to become. Does that make
sense? Of course it doesnt. Were talking
about unc-Gomorrah.
The AP quoted the 57-year-old man
named Nicole as saying, To me, theres
nothing worse than seeing someone
dressed as a woman, a beautiful woman
then she opens her mouth and she
sounds like a sailor. Its very off-putting
for people. I agree. In fact, I feel the same
way .
Nicole took eight private classes at
uncg where he learned to redirect his
voice through the front of his mouth
instead of his throat or chest so that he
sounds more like a womanalthough,
clearly, he is not. Each semester, speech
pathologists at the uncg School of Health
and Human Performance take time off
from addressing legitimate problems in
order to teach about eight or so transgen-
der people.
The present state of higher education is
the future state of our culture. Its prom-
ise is that every man has a right to be
happy by becoming whatever he wants to
become regardless of what he is. If we just
put our faith in the gods of diversity they
will deliver us from ourselves. And we
wont be mistaken for men any longer.

TOWNHALL, MIKE ADAMS | December 8
THE TRUMPET WEEKLY December 11, 2010 10
PRECARIOUS from page 10
and the system goes into cardiac arrest. Twenty-three thousand times
the Fed had to jump-start the system.
The massiveness of the Federal Reserves bailouts, the frequency,
and the recipients of the bailouts all point to a system far more precari-
ous than most dare to imagine.
Outside of the formal bidding process, only two U.S. oil giants man-
aged to secure contracts for other oil feldsExxon and Occidental.
No Blood for Oil had been a slogan used by protesters against
George W. Bushs invasion of Iraq. Neoconservatives in Washington
had always said that the money from Iraqs oil would be used to pay for
the war and the reconstruction.
But the opposite came true. A lot of blood was spilled, but very little
oil fowed for the U.S. With production of 2.5 million barrels of crude
oil daily, production in Iraq has returned to close to its prewar levels.
Forecasts now suggest it will take 20 years before that production is
doubled or tripled, however. The U.S. spent more than $700 billion on
Iraq, but now Iraqs oil profts are going to other countries.
EXPRESS | December 9
Flood of support for our
eu crusade
M
ore than 100,000 people have signed up to the Daily Expresss
crusade for Britain to quit the European Union, it can be
revealed today.
The newspaper has received a deluge of our special crusade cou-
pons calling on David Camerons government to organize an orderly
withdrawal from the EU. Support has hit six fgures in just over a week
since the historic crusade was launched. It is on course to become the
fastest-growing campaign in newspaper history.
Last night the colossal surge of support was being viewed as a stark
warning to Brussels that Britain has had enough of meddling and an
ever growing tax burden.
Tory MP Philip Davies, a member of the Better Off Out group of mps,
said: This is an absolutely amazing response. It reveals the pent-up
frustration among the public that none of the mainstream political par-
ties are speaking up for what they believe in.
UK Independence Party peer Lord Pearson said: This is a huge level
of support from the great British public to the greatest British newspa-
per. The strength of feeling shown by Daily Express readers refects the
growing support across the country for withdrawal.
A survey by pollsters Angus Reid earlier this week showed that 48
percent of voters asked want Britain freed from the yoke of Brussels
while 59 percent believe EU membership has damaged the UK.
And support among
Daily Express readers for
withdrawal from the EU
is overwhelming, with 99
percent of the tens of thou-
sands of callers who rang
this newspapers exclusive
phone poll backing an exit
for Britain.
Yet, ultimately, Europe forcing its identity
down the throats of the British will reach a
stopping point. The Bible indicates that the
UK will not remain a part of the Catholic-
dominated, German-led EU. At some point,
probably over some crisis, Britain will either
leave the Union or be kicked out.
Trumpet, March 2006
Witness to a Fading
Fighting spirit
on december 7, Hawaii remembered when 69
years ago hundreds of fghter planes from the
Imperial Japanese Navy stunned a sleeping
population and military personnel with a
massive air attack on Pearl Harbor.
Admiral Yamamoto had hoped that a sur-
prise attack on Pearl Harbor would break the
nations morale. History shows the opposite
happened. A sleeping giant was awakened.
Looking from the Arizona memorial, you
see in the distance the uss Missouri, on which
the Japanese unconditionally surrendered to
U.S. supremacy. Thats the last time an enemy
surrendered to the greatest single nation in
history.
Oh, how times have changed.
Today, 69 years later, an air of weakness
emanates from the once great superpower.
The results of a long list of wars and skir-
mishesKorea, Vietnam, Cuba, Rwanda,
Somalia, and today Iraq and Afghanistanall
too readily demonstrate that the will to win
complete victory by vanquishing the enemy
is a phenomenon of Americas past. The pride
of the once great superpower is now demon-
strably diluted, divided and all but broken
(Leviticus 26:19).
Madmen with nuclear ambitions and
jihadist terrorists wave their fsts with impu-
nity at America.
Pearl Harbor should have taught us to
watch our back and to never again allow en-
emy nations to perceive us weak and lacking
the will to fght.
Today we are left asking the question,
would America react the same way as it did
69 years ago if an unprovoked, surprise at-
tack struck its citizens and servicemen in an
effort to destroy its military capability and
weaken morale?
Well it happened on September 11 almost
a decade ago, and despite all our vaunted,
sophisticated technology, we still have not
vanquished the real perpetratorsa ragtag
bunch compared to the massive hoards that
sought to destroy our nation almost 70 years
ago.
So, how many stopped to remember the
seventh of December? The answer is too few,
far too few. Then again, America has always
been a forgetful nation.
We shall yet rue having forgotten the
powerful lessons of that fateful day on which
a massive enemy attack broke the back of the
uss Arizona and laid it to rest at the bottom
of Pearl Harbor, there to remain a mute and
silent witness to the last time that America
truly answered the trumpet call to a battle to
win ultimate victory over its enemy.
THETRUMPET.COM,
GARETH FRASER | December 8