"while they are saying" indicates a time period.
Since we are talking UN 4th placement of world government timing at Daniel 8:25, 11:45, and 12:11 identical parallels of international governmental completion, hence a real 8th "King" system, taking a numer of years from now, that statement is part of a worldwide sovereign proclamation series of that world government in full form, beyond the scale and power of the UN schematic forum.
World "peace and security" is the time of NO "reports of wars". It is also the time of Daniel 8:25 "freedom from care" as this next world tribulation cycle must end (Matt24:29) into actual world recovery and the peace and security effect and hope under a globalized world government as 8th King finality.
And it is no surprise really. WW1, WW2, and cold WW3 (Dan11:29), all ended a world war and tribulation of some sort to birth and present a form of the United Nations in the process in 1919, 1945 and 1990. Chaos to world government order is a formula seen there now three times in world history.
To expect a final world tribulation and war cycle leading to a fourth UN presentation in finally final form, is intuitive, it does not even need prophecy to understand world war is the psychological persuasion that makes world peace and UN world government all te more appealing in the process as the "peace bringer".
Thus before any real "end of the world" can come in the final conflict with Christ's Kingdom authority, a fully gloalized world government representing all the national collective under it (Rev16:13-16; Rev17:11-18) must make a final sovereign statement series worldwide, and "peace and security" is that final hopeful statement "during a freedom from care" that will be the greatest world recovery period of all human history after this next world tribulatory cycle expires over say 7-10 years from national collapse activations of Daniel 11:42-43 that lead to Daniel 11:44-45 where King North is 8th King world powers, not non-existent USSR fictions.
Globalized world government based on the UN foundation is no longer "conspiracy", it is elite internationalist policy. It starts with financial globalization processes of Dan11:42-43 that aid sovereign national transfer of "power and authority" of Revelation 17:11-17, which culminates Revelation 16:13-16 "gathering" of national powers into international unification of the 8th King. The primary force of that national "gathering" is actual globalization processes of finance, government and military globally into 8th King power, and everything else that triad controls in national powers naturally declining into international government ascension naturally dominating the world.
It actually will be "peace and security" for a while under that matured system after a number of years of final world government completion in the future.
Contrary to JW brainwash, it cannot "end any day now brothers!". National financial systems and Bethel are what can end any day now in some manner aiding globalization in the overall fuller process to actual world government beyond the UN "conference room" within that completing worldwide administration.
Thus as well a true "peace and security" statement of any real world government completed meaning also cannot come as prematurely as JWs are expecting. A hoax can develop though, or Bethel can purposely misinterpret a world allusion to such a perceived statement prematurely, which will only aid the Bethel corporate downfall in a period of Daniel 11:42-43, that JWs will think is Daniel 11:44-45 activating prematurely and out of sunc with actual prophecy and world governmental globalization as a drawn out process not at that required actual level of world government maturity for a number of years.
By these premature expectations by Bethel misapplied prophecy, JWs will be further bewildered in the actual period of Daniel 11:42-43, because it will not be the "end of the world", it will be the beginning of the worldwide globalization process in earnest, that must take several years to complete as per even internationalist projections.