There is a lot of financial speculation taking place. Some are
asking: How much government money will big business get for how many
shares of government ownership?
In addition, Russia is making a move on the world stage to test
the new president-elect by pointing missiles at Poland and making
new overtures to Cuba. Meanwhile, there appears to be a global
effort to make a one-world economy out of many failing economic
Inside the White House
by Bill Koenig
The United States is experiencing a rapid moral slide and a
further acceleration into the final days. The outcome of the recent
national election will only accelerate this.
We are living in a time as spoken in Isaiah 5:20 (KJV): "Woe unto
them that call evil good, and good evil; that put darkness for
light, and light for darkness; that put bitter for sweet, and sweet
Americans being impacted by inept leadership in
Sadly, the leadership in Washington, which helped create the
crisis our nation is facing on so many fronts, is not qualified to
handle the challenges, so that means the times will get more
challenging. Their previous actions have created many "unintended
consequences" with many more coming in the future.
The world says the US is responsible for the worldwide
The world is blaming the US for the worldwide financial
contagion; but President Bush, others in his administration, and
those on Capitol Hill deny that the subprime fiasco and Wall
Street's financial derivatives and futures trading activities were a
main reason for the financial catastrophe.
Apparent biblical connections to the US financial
There have been some very interesting possible connections
between the state of the US economy, the Jewish fall feasts this
year, and the Torah readings of Nov. 1, 8 and 15.
(Thanks to Dr. Elliot Snyder of Dallas for the Wall Street and
fall feast connections and Pastor Mark Biltz for the Noah/Cheshvan
connection to this Saturday’s G-20 Summit in Washington and the
Rosh Hashanah (the Jewish New Year) began at sundown on
Monday, Sept. 29, and ended at nightfall on Wednesday Oct. 1,
Rosh Hashanah is the Jewish New Year. As such, it is a time
for Jews to review the mistakes they made in the past year and to
resolve to make improvements in the upcoming year.
On Rosh Hashanah, Jews listen to the shofar blown during lengthy
prayer services, eat holiday meals, and do no work. After
repenting for bad deeds through prayers, they symbolically cast off
sins through the tashlich ceremony.
Rosh Hashanah is both a solemn and a happy day. It is a time
for introspection, asking for forgiveness, giving forgiveness,
resolving to do better, remembering God is King and Judge, and
praying for a healthy and happy year to come. Those observing the
Jewish New Year are solemn in their repentance but happy in their
confidence that God is merciful and good.
The stock market crash of 2008
In 2008, Rosh Hashanah began on the evening of Sept. 29, while
Yom Kippur began on the evening of Oct. 9.
On Rosh Hashanah eve in the U.S. (Sept. 29), the Dow Jones
Industrial Average (DJIA) closed down a record-setting 777.68
points. Israel was already celebrating Rosh Hashanah at the time of
the record Dow close.
Dr. Elliot Snyder wrote:
Seven is the number of God, and 777 could represent "Holy, Holy,
Holy." This is God's signature, the manner in which the angels
praise the Sovereign God in Isaiah 6:3. This is also reflected in
7-Seal, 7-Trumpet and 7-Bowl Judgments, in the events of things to
come as outlined in Revelation 6:19! I believe the Rosh Hashanah
shofar was a heralding, proclamation or announcement of God's
weighing our nation in the balance beginning at the start of the
10 Days of Awe. The judge is entering the courtroom.
The eyes of the financial world were fixed upon the 777-point
drop, the largest single one-day point decline in the history of the
Dow Jones Industrial Average (DJIA), although not the largest
Other peculiarities on the opening bell and gavel of 9/29/08
and 9/30/08 for the NYSE
There was an anomaly at the opening bell when there was no
opening bell! At 9:30 am ET a mechanical bell should have rung.
As the CNBC countdown to the opening reached zero, there was
puzzlement at the podium as the bearer of the gavel awaited the
opening bell in vain. After about a minute, even without the bell,
The next morning, the bell worked. CNBC had made a big deal over
the bell having never failed to ring before; it had failed on the
morning of 9/29. On 9/30 the bell worked at 9:30AM; however, with
the camera fixed upon the podium, there was no one manning the
Yom Kippur (the Jewish Day of Atonement) began at sundown on
Wednesday, Oct. 8, and ended at nightfall on Thursday, Oct.
Yom Kippur, literally "Day of Atonement," is the holiest day of
the Jewish year.
After the Israelites alienated God by worshipping the golden
calf, Moses ascended Mount Sinai to ask God for forgiveness. While
Moses was on the mountain, the Israelites repented by fasting. On
the tenth day of the Hebrew month of Tishrei (Yom Kippur), Moses
descended Mount Sinai with the second tablets.
Thus, on the first Yom Kippur (approximately 3,500 years ago),
the Israelites succeeded in atoning for their sins and restoring
their covenant with God.
Why is Yom Kippur important?
Yom Kippur is observed eight days after Rosh HaShanah (the Jewish
New Year). Jews believe that on Rosh HaShanah, God inscribes all of
their names in the "books"; and on Yom Kippur, the judgment entered
in these books is sealed. Yom Kippur is, essentially, the last
chance to demonstrate repentance and change God's judgment. On
Yom Kippur, one's fate for the coming year is sealed.
Dow falls 678.91
Dr. Elliot Snyder wrote:
On Yom Kippur eve in the U.S. (Oct. 9), the Dow Jones
Industrial Average (DJIA) closed down 678.910 (6, 7, 8, 9,
10!) The odds of this precise sequence arising are 1:99,999.
Following the 10 Days of Awe, on the Day of Atonement or
Judgment, God sent another numerical message through the fall of the
stock market. Specifically, God has judged the nation in
accordance with the Noahic law. This is spelled out in the second
table of the Ten Commandments – specifically, 6-10* — by the Dow
falling exactly 678.910. As the sun had already set in Jerusalem,
God was telling us that we have been weighed in the balance of the
6th, 7th, 8th, 9th and 10th commandments and found wanting. God has
spoken for all with eyes to see and ears to hear!
Our nation is not being judged for idolatry, blasphemy or failure
in Sabbath observations, but rather for murder, adultery,
stealing, lying and covetousness.
The Days of Awe refers to the ten days between the first two
Fall Feasts of Israel, Rosh Hashanah (or the Feast of Trumpets), and
Yom Kippur or the Day of Atonement.
The sound of the trumpet shofar ushering in Rosh
Hashanah and the Days of Awe is a call to a searching of our souls
and thorough examination of our thoughts, deeds and intentions for
the past year. This begins a time of God's evaluating the life
of each member of the House of Israel, culminating on the 10th day
with Yom Kippur, the day of final judgment, and hopefully,
The just verdict was to be pronounced on the Day of Judgment, Yom
One of the worst seven-day declines in Wall Street
history occurred during this year's Days of Awe
Chronology – Sept. 29–Oct. 10
Sept. 29: U.S. House of Representatives rejects mammoth
$700 billion bailout plan. Dow Jones Industrial Average (DJIA)
drops 777.68. (Rosh Hashanah began that evening; it had already
begun in Israel at the close of Wall Street.)
Sept. 30: Wachovia Bank teeters on collapse, starts
negotiating with Citigroup for takeover deal.
Oct. 1: U.S. Senate adopts massive bailout plan, adding
sweeteners to get House acceptance.
Oct. 3: Wells Fargo Bank and the fourth largest U.S. bank,
Wachovia Corp., announce merger.
Oct. 3: The largest government intervention in capital
markets in U.S. history clears the U.S. House of Representatives,
becoming law with President Bush's signature. The bailout was for
Oct. 6: Responding to global credit fears, the Dow
finished below 10,000 for the first time since October 2004. After a
day in which stocks dropped as deeply as 9,600, the market
rebounded, finishing the day at 9990.47.
Oct 9: The Dow Jones industrial average closed down
678.910 points, or 7.33 percent, at 8,579.19. It's the first time
since May 2003 that the Dow traded below 8,600. The steep
sell-off capped the Dow and the S&P's biggest seven-day decline
since the October 1987 market crash, and the NASDAQ’s worst
seven-day decline since December 2000. Over the seven days,
the Dow shed almost 21 percent and the S&P 500 nearly 22
percent. The steep declines came on the anniversary of the
Dow's all-time closing high above 14,000.
"With no visible sign of restoration of normal credit
movement, that is shaking investor confidence that the banking
system at this point still has a long way to go before it gets
fixed," said Frederic Dickson, senior vice president and market
strategist at D.A. Davidson & Co., in Lake Oswego, Oregon.
Oct. 10: The central barometer of the U.S. economy, the
Dow Jones Industrial Average ended one of its worst weeks in
Torah reading – Nov. 1 – Times of Noah
Torah / Gen. 6:9-11:32 – Haphtarah / Isaiah 54:1-55:5, 1 Pet.
The Torah makes clear that the world was not flooded because of
the caprice of some god, but because it had become corrupt,
destructive and entirely idolatrous. Moreover, Noah was not
arbitrarily saved, but was considered ish tzaddik (a
righteous man), perfect in his generation: Noah walked with God.
The earth was repopulated through Noah's three sons (as the
founders of the "seventy nations" of the Gentiles — as described
in the detailed genealogy of Genesis chapter 10). The descendants
of Noah remained a single people group with a single language
(leshon hakodesh) for ten generations.
However, they eventually returned to the evil ways of the
"sons of Cain" by uniting in an idolatrous religion that led them
to build a "tower with its top in the heavens." God confounded
their evil religion, however, by "confusing their speech" and
thereby dispersed the people into the 70 nations of the earth
(the abandoned tower was called Bavel (Babel) and is considered by
many to be the origin of "Mystery Babylon").
Nov. 2 Israel's secular leadership pressured Israeli settlers
to leave unauthorized settlements
Nov. 2 Shin Bet chief warned extreme-right settlers might carry
out political assassination
Nov. 2 Israel's government decided on new measures against the
illegal Jewish outposts in the West Bank
Nov. 2 Ehud Barak: Settlers trying to fracture State's
Nov. 4 Ehud Olmert reiterated that he intended to use every day
left in office to continue pushing forward with the diplomatic
process, saying that Israel's problems were too pressing to wait.
Nov. 4 Dozens arrived at Jerusalem's Mt. Herzl Cemetery to take
part in the civilian memorial ceremony held for slain Prime
Minister Yitzhak Rabin. Former IDF Chief of Staff Amnon
Lipkin-Shahak spoke of the growing violence within the far right:
"Rabin wouldn’t have allowed for a reserve officer to have his arm
broken and do nothing about it. This simply cannot happen, and it
makes no difference whether it emanates from the Left, the Right
or the middle."
Infrastructure Minister Binyamin Ben-Eilezer warned that a
political assassination was still possible in today's political
climate: "The writing is once again on the wall, this time in
bigger letters. The next political assassination is right around
the corner," he said.
Nov. 4: The United States selected Barack Obama to be
president, a man who says homosexuality isn't a sin, is not
opposed to late-term abortion (even infanticide), has questionable
domestic and foreign associations, and says that people can be
saved through other faiths while calling himself a Christian.
November 4: Daunting challenges lie ahead for the U.S. economy
as it faces the worst financial crisis in decades, the head of the
Federal Reserve Bank of Dallas said Tuesday. "We are navigating
the mother of all financial storms," Richard W. Fisher, the
Dallas Fed's president and chief executive, said at a meeting of
the Texas Cattle Feeders Association in Grapevine.
"Despite the efforts of the Fed, the hope that comes with a new
presidency and what will hopefully be responsible and carefully
calibrated fiscal initiatives from Congress, I believe we have
an epic challenge ahead of us," he said.
All told, the assets on the Fed's books now exceed $1.9
trillion, compared with $890 billion at the beginning of this
year, Mr. Fisher said. They could grow even more in the coming
months to as much as one-fifth of gross domestic product, or GDP,
he said. "I would not be surprised to see them aggregate to $3
trillion — 20 percent of GDP — by the time we ring in the New
Year," he said.
Nov. 6: Harvard University sponsored Islamic Finance 101 at the
U.S. Treasury Department.
Nov. 6: Rice arrived in Israel for the 24th trip as secretary
of state. On Thursday evening she met with Prime Minister Ehud
Olmert, followed by a dinner at the home of U.S. Ambassador James
Cunningham in Herzliya with Israeli Foreign Minister Tzipi Livni.
Torah reading Nov. 8 – God instructs Abraham to go to Canaan
Torah / Gen. 12:1-17:27 – Haphtarah / Isaiah 40:27-41:16,
Abram left everything behind in response to the promise of
divine inheritance given by the LORD. As a result of his
obedience, the LORD told Abram that he would become the father
of a multitude of people, as numerous as the stars in heaven. The
LORD then renamed him Abraham and made a covenant to give him the
land of Canaan as an everlasting possession. The LORD further
commanded Abraham and his descendants to be circumcised as a sign
of the covenant.
Nov. 8: Rice flew back to Israel on Friday evening, and on
Saturday morning took a trip to Jenin to get a first-hand look at
the PA's efforts to assert security control there.
Nov. 9: The Quartet met in Sharm-el-Sheikh, Egypt, on the
land promised to Abraham, Isaac and Jacob and their
descendants. Rice and the Quartet leaders met with Livni and
Palestinian Authority negotiator Ahmed Qurei on where the
negotiations currently stand. In attendance were United Nations
Secretary General Ban Ki-Moon, Russian Foreign Minister Sergey
Lavrov, French Foreign Minister Bernard Kouchner, High
Representative for European Common Foreign and Security Policy
Javier Solana, European Commissioner for External Relations Benita
Ferrero-Waldner, and Quartet Representative Tony Blair.
Nov. 9: This day was the 70th anniversary of
Kristallnacht — the nights of Nov. 9-10, 1938, when gangs of
Nazi youth roamed through Jewish neighborhoods breaking windows of
Jewish businesses and homes, burning synagogues and looting. In
all, 101 synagogues and almost 7,500 Jewish businesses were
destroyed. Some 26,000 Jews were arrested and sent to
concentration camps. Jews were physically attacked and beaten, and
91 died (Snyder, Louis L. Encyclopedia of the Third Reich.
New York: Paragon House, 1989:201).
Nov. 10: This day was the 7th anniversary of President Bush
declaring to the U.N. General Assembly that he favored a
Palestinian state — the first time a U.S. president had made
Nov. 11: The Obama-Biden transition team included both
"sexual orientation" and "gender identity" in its
non-discrimination policy for applicants for employment in the
incoming Obama administration.
Christopher Anders, senior legislative counsel with the
American Civil Liberties Union, said "President-elect Obama and
Vice President-elect Biden, by explicitly rejecting the bigotry
and intolerance of the past, are committing that gay, lesbian
and transgender professionals can serve in government without fear
of discrimination." (AFA)
Nov. 12 King Abdullah of Saudi Arabia sponsored United Nations
high-level debate on interfaith dialogue. President Bush gave a
message on faith. He said freedom is God's gift to every man,
woman and child — and that freedom includes the right of all
people to worship as they see fit.
Nov. 13 Bush discussed financial markets and world economy. He
said, "We're facing this challenge together, and we're going to
get through it together. The United States is determined to
show the way back to economic growth and prosperity."
Nov. 13 Bush unexpectedly met Livni, Peres: During a brief,
unscheduled and warm encounter on Thursday afternoon in New York,
Livni told Bush that he had helped advance Israeli-Palestinian
peace hopes and congratulated him for standing up to terrorism
Torah reading Nov. 15 – Abraham and Sarah promised a son.
Abraham pleaded for Sodom. God destroyed Sodom and Gomorrah
Torah / Gen. 18:1-22:24 – Haphtarah/ 2 Kings 4:1-37, 2 Peter
While the three men were eating, one of them announced that in
exactly one year, He would return to them and Sarah would then
birth to a son. Sarah, who had been listening from the tent door,
heard this and laughed within herself at the suggestion. To this
the LORD (disguised as one of the three guests) replied "Why did
Sarah laugh and say, 'Shall I indeed bear a child, now that I am
old?' Is anything too wonderful for the LORD? At the appointed
time I will return to you about this time next year, and Sarah
shall have a son."
The three guests then set out from there for Sodom, and Abraham
accompanied them to see them off. Then the LORD said, "Shall I
hide from Abraham what I am about to do, seeing that he shall
surely become a great and mighty nation, and all the nations of
the earth shall be blessed in him?" The LORD then explained
that He was going to see if the outcry against the wicked cities
of Sodom and Gomorrah was true, and if so, was going to pronounce
judgment upon it.
Abraham then questioned the LORD: "Will you indeed sweep
away the righteous with the wicked?" he asked. "Shall not the
Judge of all the earth do what is just?" In a profound
sequence of hypothetical questions and answers, Abraham asked the
LORD whether He would destroy the entire city if 50 righteous
dwelt there. No, answered the LORD, not if there were 50 in the
city. Well, how about 45? No again, answered the LORD. Abraham
began showing some chutzpah. What about 40? 30? 20? … 10? The LORD
then stated that if even ten righteous men were found there, He
would spare the city from His wrath, and then went His way.
Summary: Abraham and Sarah were promised a son. Abraham begged
for Sodom. God destroyed Sodom and Gomorrah. Isaac was born. Hagar
and Ishmael were sent away. God tested Abraham.
Bank Crisis: Special G20 Summit in Washington
The Top 20 global financial powers will meet in Washington on
Saturday, Nov. 15.
Nov. 15 is Cheshvan 17, the 17th day of the second month,
the very day when Noah's flood began (Genesis 7:11): "In the
six hundredth year of Noah's life, in the second month, the
seventeenth day of the month, the same day were all the
fountains of the great deep broken up, and the windows of heaven
Russian Prime Minister Vladimir Putin sees America's election
of President-elect Barack Hussein Obama as evidence of a nation in
decline, and Putin is setting out to test Obama's mettle as a leader
… For example, Russia chose the day of the Obama victory to
announce deployment of short-range missiles pointed at
This perception of a weak Obama was driven home by a
photograph on the front page of the Kommersant newspaper
that showed his humiliating detention at an airport in the Ural
Mountains on a 2005 visit he made as part of a nuclear
Last week, Putin dispatched a trusted lieutenant, First
Deputy Prime Minister Igor Sechin, to Cuba and Venezuela to
prepare a presidential tour of South America this month that is
likely to rankle Washington. (The Associated Press)
Cuban President Raul Castro will visit Russia in 2009, the
Kremlin has announced, in a new sign that Moscow is reviving a Cold
War-era trade and military alliance … Moscow also repeated
calls for Washington to lift the economic embargo imposed on
Cuba in 1962 when Castro's brother, Communist revolutionary Fidel
Castro, was in power.
"Next year we await … Raul Castro in our country, and this
will be yet another contribution to the development of ties,"
Russian President Dmitry Medvedev told Cuban Foreign Minister
Felipe Perez Roque in Moscow. "Your visit is yet more evidence
that relations between Cuba and Russia are developing in a very
dynamic way," NTV television showed Medvedev saying.
The Kremlin on Wednesday rejected U.S. proposals aimed at
easing concerns over a missile defense system in Europe and said it
would try again to resolve the row once Barack Obama is in the White
House … "Russia is ready to cooperate with the United
States on European security but considers the proposals that were
sent [as] insufficient," Itar-Tass news agency quoted an
unidentified Kremlin source as saying.
"We will not give our agreement to these proposals, and we
will speak to the new administration," said the source. The
Bush administration "is intent on putting the new U.S. president in
a hopeless situation, so that he should take responsibility for
what they concocted without him." (Reuters)
Had the whole world been able to vote in the American
elections, it would make the same choice made by Americans: Obama.
Indeed, he has enjoyed record-breaking global support. In the
past 60 years, the US elections have not featured a presidential
candidate whom a majority of six billion people hoped would win.
According to Ynet columnist Sever
Plocker, the wave of excitement that swept through the streets
of the world in the wake of Obama's victory reflects deep
desire by current-day humanity for a social leader who would
not only lead the world’s greatest power but, also, the entire
Does Obama carry significance in Islamic prophecy? According
to Daniel Pipes, he just might … Ali ibn Abi-Talib, the
seventh-century figure central to Shiite Islam, is said to have
predicted when the world will end.
A "tall black man" commanding "the strongest army on earth"
will take power "in the west." He will carry "a clear sign"
from the third imam, Hussein. Ali says of the tall black man:
"Shiites should have no doubt that he is with us." Barack
Hussein in Arabic means "the blessing of Hussein." In Persian,
Obama translates as "He [is] with us."
But the Muslim reaction to Obama's victory is more mixed than
one might expect. American Islamists are delighted, and
terrorist groups like Hamas are happy. However, Iran insiders
believe that enmity between the U.S. and Iran would have been better
served with a McCain victory, and Taliban terrorists believe that
resistance will continue.
In a Sunday address celebrating Obama, Nation of Islam
Minister Louis Farrakhan said Obama has a God-given capacity to
handle any burdens he'll face as the nation's leader … Farrakhan
added that Obama will only be able to make positive changes with
help from "God and people of good will," and he urged the
Chicago-based movement's followers to do their part.
"Because if God is involved, and He is, then it is God who has
laid on this young man this horrible burden at the worst time in the
history of America and the world," he said. "But it was also
God that has given this young man this tremendous capacity to handle
what God has put on his shoulders." (AP)
The worldwide economic summit hosted by the Bush
Administration this coming weekend has prompted academic economists
to weigh in with a bail-bucket of advice … The economists agree
that governments need to act more quickly than they have to
recapitalize banks, guarantee cross-border bank claims,
restructure nonperforming assets, and extend support to
countries in crisis.
In the collection of ideas, several offer creative ways to
regulate financial institutions across borders. One argues for a
World Financial Organization, modeled on the World Trade
Organization. At the same time, others worry that countries
may over-regulate financial institutions and raise protectionist
barriers in response to the crisis — a response they say would
impede the global economy in the long run. (The Wall Street
Connecting the Dots — When even the elect are deceived
by Bill Wilson, Daily Jot News Service Senior Analyst
Over a week after the historical presidential elections,
Americans are expressing concern and anxiety over what a Barack
Hussein Obama presidency will mean. Some are complaining that Obama
will open the doors to unimpeded abortions. Others are concerned
about Obama’s plan for mandatory civil service camps where young
people between the ages of 18 and 25 will be forced into
military-style civil service and “reeducation’ as to what it means
to be an American—Obama style. Still others are upset with using
taxpayers’ money for massive federal bailouts and the government
taking ownership positions in America’s most storied industries.
Others are alarmed that anti-American voices like former Clinton
Administration secretaries of state—Warren Christopher and Madeleine
Albright—will be taking strong advisory roles in the Obama
The media now confirms reports that the Obama campaign met with
the terrorist group Hamas before the election but told Hamas not to
announce the meeting until after the election. And then there is the
question of exactly where did all the money come from that Obama
raised and how nobody will ever know because he is not subject to
the scrutiny of Federal Election Commission guidelines—Obama did not
receive public financing.
Americans wanted change. And change is what they are going to
get. Change was defined all along in the details of what Obama
wanted to accomplish. But the public refused to hear. Now that the
Obama chief of staff is defining exactly what mandatory civil
service means; the co-chair of the Obama transition team says that
Obama will be ready to “rule” on day one; and every big business in
America is going to get billions of taxpayer dollars in return for
government-held stock, Americans are alarmed. There were warnings
all along. But Americans, even American Christians, ignored the
The National Election Pool exit survey showed Obama won 43
percent of voters who say they attend church weekly, eight points
higher than 2004 Democratic nominee John F. Kerry. Obama won 57
percent of occasional worshipers, 11 points more than Kerry. Some 54
percent of the Catholic vote supported Obama—two points higher than
Catholic support for President Bush in 2004.
The Los Angeles Times cited as an example Christian
leaders like Pastor Rick Warren for helping Obama court Christians
with appearances at an AIDS conference, a Warren review of Obama's
book, and the presidential forum Warren hosted.
Jesus warned in Matthew 24:24 (NKJV), "For there shall arise
false Christs, and false prophets, and shall show great signs and
wonders; insomuch that, if it were possible, they shall deceive the