Evangelical Cattle Drive: When Govt and industry collaborate to hide things,look out

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

Saturday, May 9, 2009

When Govt and industry collaborate to hide things,look out

So everyone in govt keeps speaking about transparency, but it is just lip service. With the stress test for the Banks just finished and the results released we find out that the results were negotiated between the Govt and the Banks.

On none of my credit ratings, has anyone worked or negotiated with me before they look at my debts and asset ratio's and then asign me a number. Nust be nice.

We find out its not as bad as everyone thought. ...following two weeks of intense bargaining.

We also see tha a different standard is now being used. ...the Fed used a different measurement of bank-capital.

So they are afraid of what will happen if it the truth is revealed. The market is up because of accounting changes?!?

Banks Won Concessions on Tests
Fed Cut Billions Off Some Initial Capital-Shortfall Estimates;

The Federal Reserve significantly scaled back the size of the capital hole facing some of the nation's biggest banks shortly before concluding its stress tests, following two weeks of intense bargaining.

In addition, according to bank and government officials, the Fed used a different measurement of bank-capital levels than analysts and investors had been expecting, resulting in much smaller capital deficits.

The overall reaction to the stress tests, announced Thursday, has been generally positive. But the haggling between the government and the banks shows the sometimes-tense nature of the negotiations that occurred before the final results were made public....

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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