Week in Review: Deutsche Bank on Brink of Crisis, India Strike on Pakistan, Nationalizing the Police and Much More

Week in Review: Deutsche Bank on Brink of Crisis, India Strike on Pakistan, Nationalizing the Police and Much More

October 1, 2016 • From theTrumpet.com

All you need to know about everything in the news this week

Highlights:

Deutsche Bank’s global economic crisis

Investors are gripped by renewed worries about the health of Germany’s Deutsche Bank.
The global economic crisis that began in 2008 could be about to hit Germany
“Germany is the fourth-largest economy in the world, the largest economy in Europe, the lender of last resort and the foundation of European stability,” wrote George Friedman for Geopolitical Futures.
“If Germany weakens or destabilizes, Europe destabilizes, and it is not too extreme to say that if Europe destabilizes, the world can as well.”

Indian strikes on Pakistan

In what analysts have described as a landmark development, the Indian military carried out surgical strikes on “terror launch pads” inside Pakistan, killing 38 terrorists and two Pakistani soldiers.
Some militants in Pakistan want revenge.
The attacks were in retaliation for an attack on an Indian base two weeks ago that left 18 soldiers dead.
Should this crisis escalate, the implications on global security would be hard to overstate, given that both India and Pakistan are full-fledged nuclear powers.

Nationalizing the police

During Monday’s debate, both United States presidential candidates seemingly contended that the federal government should impose nationwide standards on local police forces.
The U.S Constitution does not grant the federal government the power to dictate policy to local police departments, but the imposition of federal standards on local police forces could escalate, regardless of whom the next the president will be.

Russian missile downed MH17

A Dutch-led team of prosecutors investigating the 2014 downing of flight MH17 over Ukraine said Wednesday that the missile that struck the plane was from Russia.
The team said the Buk missile had been moved from Russia into a rebel-held region in eastern Ukraine on the morning of July 17. Shortly after the passenger plane was downed, the launcher was brought back into Russia.
None of this is particularly new; it’s mere confirmation of previous analyses that highlighted Russia’s increasing belligerence.

Israel’s Shimon Peres dies

Former Israeli Prime Minister and President Shimon Peres died on Wednesday and was remembered as the brains behind the Oslo Accord.
Though he pushed for peace at all costs with the Palestinians, “look at what negotiating with Yasser Arafat has brought upon Israel,” commented Trumpet editor in chief Gerald Flurry in 2007. “Giving the Palestinian Authority self-governing powers in the West Bank led to the second intifada, forcing Israel to begin constructing a 465-mile security barrier. The Lebanon withdrawal triggered the Second Lebanon War and Israel’s embarrassing retreat in the summer of 2006. And pulling out of Gaza cleared the way for the violent emergence of ‘Hamastan,’ which rules the Gaza Strip today.”
“[H]ow important are those peace agreements? The Palestinians have broken virtually every one of them!”

Other news:

On Wednesday, United States President Barack Obama signed an official executive order authorizing the State Department to admit up to 110,000 refugees into the country for humanitarian reasons during 2017.

Proof of King Hezekiah’s recorded efforts to abolish pagan worship during the First Temple period were unearthed in Tel Lachish National Park, near Mount Hebron. The proof was in the form of a rare gate shrine.