Lo yisa goy el goy cherev
Lo yilm'du od milchama

is the more "usual" transliteration. There are many "correct" ways to write transliterations - but some are more standard. It means,

Nation shall not lift up sword against nation,
neither shall they learn war any more.

Lo, is "no" goy is "nation".

It's from Isaiah 2:4.

I don't quite recognize the "v' cheetetoo charvo tam le-eeteem va chaneetoteyhem le maz me rot:., possibly it's the previous sentence, "they shall beat their swords into plowshares, and their spears into pruning hooks"? --Linda Goodman