Evangelical Cattle Drive: Another Little Hiccup for the Markets Today

We live in an individualistic culture enveloped in an autonomous age, fertile soil for the evangelical doctrines of “soul competency” and the priesthood of the believer (singular). The very idea of absolutes applicable to all believers is regularly discounted in light of the final accountability we owe to God individually. American evangelicals are comfortable with this autonomy; they are not comfortable with uncompromising biblical standards or with admonitions for failing to adhere to them. The evangelical concept of “just me and my Bible” has become so pervasive we rarely unite around creeds, confessions, or even common commitments. To have anyone (including ecclesiastical authority) call us to a biblical standard of Christian education . . . .Well, bless your heart, brother; we would rather not talk about it. From Bradley Heaths book "Millstones & Stumbling blocks"....

....There has been a steady movement towards social pragmatism and messianic ideals---so that the state is viewed as the sole originator of law, and its legislation aims to create a perfect social order...

...Since the rule of Christ and God's law has been restricted to individual commitment and (if anywhere) private conscience, man has seen himself as free to generate or reject, as his own ethical authority, moral ideals and obligation. Individualism and liberty become the only absolutes which govern interpersonal relations. To "be yourself" and do what is dictated by desire is the goal of life; thus responsibilities and standards of justice come to be seen as shackles. Such thinking has gained widespread endorsement, being promoted in secular schools and represented in popular culture...Greg L. Bahnsen, Theonomy in Christian Ethics Pg 8

Wednesday, March 12, 2008

Another Little Hiccup for the Markets Today

So barely two days after the fed throws an oil tankers weight in money at the markets and one day after the people from Standard and Poors experts tell us about how the worst is now behind us. One of the largest most famous financial houses blows up. The following is a write up from wikepedia about who Bear Stearns is.

In 2005-2007, Bear Stearns was recognized as the "Most Admired" securities firm in Fortune’s "America's Most Admired Companies" survey, and second overall in the security firm section. The annual survey is a prestigious ranking of employee talent, quality of management and business innovation. This marks the second time in the past three years that Bear Stearns has achieved this top distinction. However, by August, 2007, shares in the firm reached a one year low as a result of Bear Stearns symbolizing troubles emanating from the U.S. subprime mortgage market. [2]

They are huge.... and what mr Paul Nolte said today is dead on.

"People realized that Bear Stearns just came out the other day saying everything was fine," said Paul Nolte, director of investments at Hinsdale Associates. "So, two days later, why would they need this funding from the Fed and JP Morgan? If it's like that for them, what is it like for Merrill Lynch or for Thornburg Mortgage?"
Shares of Bear Stearns fell 34%.

This company wound up down 55% by the end of the day. Do what you can to get ready It looks to me like God is gonna shake us. By letting us reap what we have sown.

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…Furthermore, the field of Christianity is the world. The Christian cannot be satisfied so long as any human activity is either opposed to Christianity or out of all connection with Christianity. Christianity must pervade not merely all nations, but also all of human thought. The Christian, therefore, cannot be indifferent to any branch of earnest human endeavor. It must all be brought into some relation to the gospel. It must be studied either in order to be demonstrated as false, or else in order to be made useful in advancing the Kingdom of God. The Kingdom must be advanced not merely extensively, but also intensively. The Church must seek to conquer not merely every man for Christ, but also the whole of man… 1913 J Gresham Machen

ouch! This explains so much "...by the dawn of this century the Marxist realized that direct attacks on Christianity did not persuade so much as provoke. They had more success with the argument that religion is a purely private matter-of no concern to the Government or to society....by the turn of the century the new alternatives to Christianity had convinced universities and the intellectuals. The clergy vanished from the administration of colleges their churchs had founded, and were replaced by professional educators of carefully neutral agnosticism....though Christians had built the west and comprised the majority of its western citizens.

Around 1900, American scholars and writers began to expurgate Christianity from our litature. This was a remarkable step.... The Christian scholars of the United States, however, decided that the heirs of Christiandom in this land did not need to know the history of christianity. Nineteen hundred years of effort were culled from our history books, and only that which tended to place Christianity in a ridiculous or intolerant light was retained...."
Otto Scott , Journal of Chrisitan Reconstruction 1985 , From the good guys at Chalcedon.

This I say, therefore, and testify in the Lord, that you should no longer walk as the rest of the gentiles walk in the futility of their mind...and be renewed in the spirit of your mind and that you may put on the new man which is created according to God, in true righteousness and holiness Eph4:17 , 4:23,24

A world view is a net work of presuppositions that are not testable by natural science, in terms of which, all experience is related and interpreted...our most basic convictions make up our world view and it is what we use to measure and test all we know and experience... Greg Bahnsen