Swiss, French call to bring home gold reserves

EUROPE - The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany. An unmatched pace of money printing by major central banks has boosted concerns in European countries over the safety of their gold reserves abroad.

Inside OPEC room, Naimi declares price war on US shale oil

AUSTRIA - Saudi Arabia's oil minister told fellow OPEC members they must combat the US shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers. Ali al-Naimi won the argument at Thursday's meeting, against the wishes of ministers from OPEC's poorer members such as Venezuela, Iran and Algeria which had wanted to cut production to reverse a rapid fall in oil prices.They were not prepared to offer big cuts themselves, and, choosing not to clash with the Saudis and their rich Gulf allies, ultimately yielded to Naimi's pressure.

Billions wiped off energy shares as investors rush for exit

USA - A fresh slide in the price of crude wiped tens of billions of dollars off oil companies' market value on Friday and signalled an end to the sector's safe-haven status, as fears mounted over future profits and dividend payouts. Fund managers described the last 24 hours of trading as "capitulation" - the point at which a sell-off becomes widespread and panic-driven - as investors reassessed whether the sector could keep gushing cash after OPEC's decision not to cut oil production to fight a supply glut.

The black day Christmas finally died

UK - By Dr George Carey, Former Archbishop Of Canterbury: “I have always counselled against writing off Christmas for its blatant commercialism. Christians shouldn’t be Scrooges. It was pretty smart of the early Christian Church to connect the birth of Jesus to an existing pagan festival. We have to recognise that a mid-winter feast predates our own faith and belongs to people of all faith and none. For that reason I have been reluctant to enter this particular debate. But the sudden arrival of ‘Black Friday’, an import from the US, has marked a new intensity in the festival of acquisition now enveloping us at this time of year – and it is important to say something.”

EU chief: We’ll survive without Britain

EUROPE - The European Union “will survive” if Britain leaves after an in-out referendum but would be “dead” if France voted for exit, Herman Van Rompuy has said. The outgoing president of the European Council criticised the UK and indicated that David Cameron will not be able to secure changes to freedom of movement rules.

World on brink of oil price war as Opec set to keep pumping

AUSTRIA - Oil slumped on Wednesday as expectations that Opec will cut production faded following dovish remarks by cartel kingpin Saudi Arabia, which could signal the beginning of a price war. Speaking on the sidelines ahead of Thursday's critical meeting of the Organisation of Petroleum Exporting Countries (Opec) in Vienna, Saudi oil minister Ali Al-Naimi said: "The market will stabilise itself eventually".

Opec refuses to cut oil production, prices slump to five-year low

AUSTRIA - A landmark Opec meeting has ended in anger after the cartel's members agreed to leave oil production quotas unchanged, sending crude prices plummeting. Venezuela's representative to the Organisation of Petroleum Exporting Countries (Opec), Rafael Ramirez, stormed out of the secretariat in Vienna after his proposal to make deep cuts was rejected by Opec kingpins Saudi Arabia and a clutch of Gulf Arab producers. Iran's influential oil minister, Bijan Zanganeh, said the decision not to make a cut was not what he wanted, signalling deep divisions between Opec's "core" Gulf producers and members aligned to Iran and Venezuela. Mr El-Badri denied Opec's decision will trigger a price war that could put shale oil drillers in the US out of business. "We're not sending any signal," he said.

 
OPEC Policy Ensures US Shale Crash, Russian Tycoon Says

RUSSIA - OPEC policy on crude production will ensure a crash in the US shale industry, a Russian oil tycoon said. The Organization of Petroleum Exporting Countries kept output targets unchanged at a meeting in Vienna today even after this year’s slump in the oil price caused by surging supply from US shale fields.

Why do the German elites want war?

GERMANY - Last Saturday the Socialist Equality Party (PSG) held a meeting in the city of Stuttgart. Peter Schwarz, editor of the German language edition of the World Socialist website and a member of the executive of the PSG, gave a presentation entitled, "Why do the German elites want war? The historical and political reasons for the renewed bid for world power."

Germany Warns Wrecking Russian Economy Would Be Perilous

GERMANY - Germany wants to avoid wrecking Russia’s economy with sanctions imposed in the conflict over Ukraine, Foreign Minister Frank-Walter Steinmeier said. The economic measures are taking a toll on Russia, so the European Union doesn’t need to intensify them, Steinmeier said in a speech today in Berlin. Instead, Germany must take the lead in negotiations aimed at defusing the eight-month conflict on Europe’s eastern periphery, he said.

Swiss vote provokes '6,000-year gold bubble' attack

SWITZERLAND - Five million Swiss voters will decide on Sunday whether to force the Swiss National Bank to repatriate all its gold from vaults in Britain and Canada, boost its holdings of bullion to 20 percent of foreign reserves and then keep the metal forever. The “Save Our Swiss Gold” referendum is a valiant attempt by Switzerland’s army of gold bugs - and the populist Swiss People’s party (SVP) - to lead the world back to the halcyon days of the international Gold Standard. It is a primordial scream against a quantitative easing and money creation a l’outrance by the leading central banks.

China Seeks to Build its Own Military Industrial Complex to Rival the Us

CHINA - The PLA General Staff Headquarters recently published 108 military items for "advanced training technologies and equipment", encouraging private companies to take part in their research, development and manufacturing. The move indicates that the military is moving away from a monopoly of state-owned defence contractors in training logistics and lowering the eligibility threshold for military procurement, the official PLA Daily reported.

Japan's smartphone 'zombies' wreak havoc on the streets

JAPAN - When the lights change at the Shibuya crossing in Japan's capital, one of the world's busiest pedestrian thoroughfares, hundreds of people with their eyes glued to smartphones pick their way over the road.

Despite being engrossed in the latest instalment of Candy Crush or busy chatting with their friends on messaging app Line, most manage to weave around cyclists, skateboarders and fellow Tokyoites.

Geo-engineering: Climate fixes 'could harm billions'

UK - Schemes to tackle climate change could prove disastrous for billions of people, but might be required for the good of the planet, scientists say. That is the conclusion of a new set of studies into what's become known as geo-engineering. This is the so far unproven science of intervening in the climate to bring down temperatures.

North Dakota Oil

USA - More than 11,000 oil wells have been drilled in North Dakota since 2006, covering the state’s agricultural landscape. In all, almost 40,000 miles of well bores have been drilled underground to connect the fracking operations to surface wells. Laid end to end, they would circle the Earth about one and a half times.

 
“Just what is an APOSTLE?”
Just what is an Apostle?

Today we find the Church of God in a “wilderness of religious confusion!”

The confusion is not merely around the Church – within the religions of the world outside – but WITHIN the very heart of The True Church itself!

Read online or contact email to request a copy

Listen to Me, You who know righteousness, You people in whose heart is My Law: …I have put My words in your mouth, I have covered you with the shadow of My hand, That I may plant the heavens, Lay the foundations of the earth, and say to Zion, “you are My people” (Isaiah 51:7,16)