Daily Archives: October 13, 2019

October 13 Get Up!

Scripture Reading: Luke 22:31–34

Key Verse: Luke 22:31

And the Lord said, “Simon, Simon! Indeed, Satan has asked for you, that he may sift you as wheat.”

In Peter’s mind, it was a brave moment of standing with his Messiah. Sword in hand, Peter would do everything he could to help Jesus carve away the Roman Empire and regain Israel’s independence.

Christ’s battle was not against Rome, though; it was against sin. He saw the truth of the situation, whereas Peter had a limited view. Jesus understood that in the stressful events leading up to the Crucifixion, the disciples would be filled with sorrow and confusion. Jesus knew that Peter would fail. Jesus told him, “I have prayed for you, that your faith should not fail; and when you have returned to Me, strengthen your brethren” (Luke 22:32).

Jesus knows there will be times when you fail too. Things will arise in your life—distresses, perplexities, great pains—that will be extraordinarily difficult to stand against, and you will flounder. However, Jesus is interceding for you. He does not view you in light of your failures but whether you rise again to serve Him.

Henry Liddon said, “Nothing is really lost by a life of sacrifice; everything is lost by failure to obey God’s call.” When you fall, do not be afraid of God. He always accepts you with open arms. Focus instead on His forgiveness and get up again!

Lord, just as You knew Peter would fail—but would return, humbled, and serve You—so, too, You know my failings and draw my penitent heart back to You.[1]

 

[1] Stanley, C. F. (2006). Pathways to his presence (p. 300). Nashville, TN: Thomas Nelson Publishers.

What Was the Reformation All About? — Ligonier Ministries Blog

Over 500 years ago, a German monk named Martin Luther started a protest that exploded into a worldwide movement. So what was the Protestant Reformation all about? This short video narrated by R.C. Sproul is a tool to help you give an answer. Share it with your family and friends. Also available in Chinese, FrenchGerman, ItalianPortuguese, and Spanish.

This Reformation Month, watch a short video every day on the history and insights of the Protestant Reformation. And don’t forget that for this month only, you can request your free digital download of R.C. Sproul’s video teaching series Luther and the Reformation plus the ebook edition of The Legacy of Luther, edited by R.C. Sproul and Stephen Nichols at ligm.in/Reformation. Offer ends October 31, 2019.

Transcript

500 years ago, a German monk named Martin Luther started a protest that exploded into worldwide movement. At that time, Europe lived in the shadow of the Roman Catholic Church. It was more like an empire than a church. It crowned and cast down kings, and used its dominance to keep people in the darkness of superstition. That sounds pretty unfamiliar.

But in some ways, Luther’s day was very much like our own. Just like today, everyone had an opinion about the Bible even though almost no one had actually read it. Like so many of us, they were trusting the thought-leaders and taste-makers of their day to tell them what was in the Bible and whether or not to believe it. Luther was one of the very few people actually reading the Bible, and what he found was earth-shattering. Even though he was a monk, Luther hated the God of the Bible. But when he studied it, the world around him began to make sense. God made sense. The significance of Jesus became clear to him. He discovered the answer to his deepest question: how could evil be overcome? Specifically, how could his own evil—his own sin—be dealt with?

Luther discovered that he couldn’t do anything to fix this problem himself. He had to rely on the finished work of Christ alone. Luther had discovered a central truth. It changed his life. It changed the world. The Protestant Reformation was about two things. It was about who can say what’s true and it was about how to reconcile who we are with who God is. It recognized that God’s Word is the ultimate authority in this world, and that the perfect life and sacrificial death of Jesus Christ are the only answer for evil and the only basis on which sinners can stand before a holy God. The Protestant Reformation is a story of transformation—a transformation from hate to love, from slavery to freedom, and from blind faith to a glorious discovery of the truth in Jesus Christ.

via What Was the Reformation All About? — Ligonier Ministries Blog

WICCANS, PAGANS and HALLOWEEN: What Every Christian Should Know

Absolute Truth from the Word of God

Every year, it seems that the topic of whether Christians would celebrate Halloween or not creates differing opinions – and sometimes bad feelings rise up during debates.

This article is not about opinions. I researched straight from WICCAN sites and Witchcraft sites to get the real scoop:  What is Halloween really about and should followers of Christ celebrate it?

I even found a youtube of a woman who had been involved with WICCA aka Pagans, but is now a born again, blood washed Christian. Her ministry is to educate believers as to what WICCA truly is and also to help us understand Halloween and what that holiday means to witches and pagans.

From holidayinsights.com

Brethren, this site is not from a Christian vantage point. But this explains so much about the blatant evil of Halloween. I believe that we Christians need to fully understand this:

Witches and Warlock – Annual…

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October 13 Devoted to Prayer

Scripture Reading: Matthew 14:13–23

Key Verse: Luke 5:16

He Himself often withdrew into the wilderness and prayed.

Even with all of the crowds pressing around Him, with continual requests and a desire just to be with Him, Jesus sought time alone with His Father. Jesus made clear what He believed is the most important part of fellowship with God. In spite of the demands on His energy, He made communing with God His priority.

Is prayer the first thing on your list for the day? The last? Somewhere in between? Read what the apostle Paul said to the believers in the church at Colosse: “Devote yourselves to prayer, keeping alert in it with an attitude of thanksgiving” (Col. 4:2 nasb).

The word devote here doesn’t convey the complete meaning of the original Greek, which was “giving constant attention to” or “persevering.” We are to make the conscious decision to set aside time to talk to the Father and to listen to Him as He works in our hearts by the Holy Spirit and His Word.

It is tremendously helpful to set a specific time to pray. Make an “appointment” with the Lord, and write it down on your list for the day. If you keep in mind that you are making arrangements for a special encounter with God, you will treat this meeting accordingly.

You can combat the clamor of the day to find victory and joy in prayer, and a vital part of doing so is finding freedom from avoidable distractions.

Ask God to show you how rich your relationship with Him can be.

Father God, I make a conscious decision today to set aside time to talk with You. Set me free from avoidable distractions. Show me how rich our relationship can be.[1]

 

[1] Stanley, C. F. (1999). On holy ground (p. 300). Nashville, TN: Thomas Nelson Publishers.

Sunday Talks: Defense Secretary Mark Esper -vs- Chris Wallace Debate Turkey, Syria, Kurds and Ultimately The Ottoman Empire and TheMuslim Brotherhood… — The Last Refuge

 

Defense Secretary Mark Esper discusses and defends President Trump’s smart decision to withdraw U.S. troops from Northern Syria in advance of Turkish forces launching an assault into Syria against Kurdish forces and the SDF.

The background here goes back to Turkish President Recep Ergodan, a gatekeeper between the middle-east and Europe; and his intention to use his ideological alignment with political Islam, via the Muslim Brotherhood, to recreate the Ottoman Empire.

via Sunday Talks: Defense Secretary Mark Esper -vs- Chris Wallace Debate Turkey, Syria, Kurds and Ultimately The Ottoman Empire and TheMuslim Brotherhood… — The Last Refuge

October 13 Seeking God’s Will

Scripture reading: John 16:7–15

Key verse: John 16:13

When He, the Spirit of truth, has come, He will guide you into all truth; for He will not speak on His own authority, but whatever He hears He will speak; and He will tell you things to come.

Former pastor Henry Blackaby is helping countless Christians answer their questions in seeking the will of God. In his popular book Experiencing God, Blackaby says we should not ask, “What is God’s will for my life?” Rather, we should ask, “What is God’s will?”

Right now God is working all around you and in your life. One of the greatest tragedies among God’s people is that, while they have a deep longing to experience God, they are experiencing God day after day but do not know how to recognize Him.

Blackaby writes,

The Holy Spirit and the Word of God will instruct you and help you know when and where God is working. Once you know where He is working, you will adjust your life to join Him where He is working.

You will experience His accomplishing His activity through your life. When you enter this kind of intimate love relationship with God, you will know and do the will of God and experience Him in ways you have never known Him before. I cannot accomplish that goal in your life. Only God can bring you into that kind of relationship.

The relationship comes first. If you have received no clear direction about how to serve the Lord, perhaps it is time to deepen your fellowship with Jesus. The Christian life is a marathon that begins with a walk.

Dear heavenly Father, strengthen my relationship with You. I want to experience You in ways I have never known before.[1]

 

[1] Stanley, C. F. (2000). Into His presence (p. 300). Nashville, TN: Thomas Nelson Publishers.

Byron York: Democrats Use Secret Impeachment Process to Control Narrative | Breitbart News

Byron York wrote in the Washington Examiner on Saturday that Democrats are using a secret impeachment process to create a narrative that leaves out contradictory facts and prevents Republicans from presenting any real defense.

Source: Byron York: Democrats Use Secret Impeachment Process to Control Narrative

Fed Held Secret Videoconference On October 4 To Plan Launch Of QE 4 | ZeroHedge News

While the financial intelligentsia debates whether the Fed’s just announced plan to restart POMO with the purchase of T-bills at an initial pace of $60BN per month “at least into the second quarter of next year in order to maintain over time ample reserve balances at or above the level that prevailed in early September 2019”, is QE or is “Not A QE”, a key development was lost in the din surrounding the bigger picture.

As Rabobank’s Philip Marey writes, after hesitating at the September 17-18 meeting, the FOMC decided to announce balance sheet expansion well before the next meeting on October 29-30. This is earlier than the Committee anticipated at the previous meeting; it is also well ahead of the Wall Street consensus that had formed a balance sheet announcement would be made at the November FOMC: “After all, at the press conference on September 18, Powell indicated that ‘organic growth’ of the level of reserves would be high on the agenda of the October meeting.”

However, in his speech to the NABE last week (October 8) Powell was more explicit and said that the FOMC would “soon” announce measures to add to the supply of reserves over time.

It now turns out that “soon” meant a few days, and it was not a coincidence.

The reason for that is that as the Fed announced in a Q&A that was published alongside the POMO announcement, and which mostly flew under the radar amid the flurry of other news on Friday, the FOMC secretly held a video conference on October 4: “the first unscheduled (= emergency) meeting of this cutting cycle” as Rabobank puts it. From the Fed’s Q&A:

The FOMC met by videoconference on Friday, October 4 to discuss issues related to the recent pressures in money markets and monetary policy implementation. There was broad agreement following that discussion on appropriate technical operations to address these issues. Specific plans were developed for review by the Committee this week. As noted in the announcement, the final plans for these technical operations were approved by notation vote that was completed today.

That this took place after quarter-end, when the Fed had already announced a generous menu of repo unclogging operations, including a barrage of term repos in addition to the expanded, $100BN overnight repo, confirms just how seriously the Fed took the mid-September freeze of overnight funding markets (which sent G/C overnight repo rates to 9.25%), and is proof that – contrary to what many central bankers said last week – this was far more than a mere “plumbing” hiccup.

It also suggests that the bank which we pointed out on October 2 was the catalyst for the sudden and dramatic flare up in repo rates in September may have had one or more phone calls with Powell in hopes of boosting the amount of “excess” reserves in the interbank market (because clearly $1.4 trillion in reserves is no longer enough, and clearly expanding this amount of reserves to where they were at the peak of the Fed’s QE is “not QE” as so many so-called pundits will claim).

That bank, for those who missed the article, was JPMorgan.

Whether or not Powell indeed held a call with Jamie Dimon – who is “richer than you” for obvious reasons – will be revealed when the next set of the Fed Chair’s public schedules is released in a few weeks – the most recent one showed that Powell held phone calls with top Wall Street executives at the start of August, a day after the central bank cut interest rates for the first time since the global financial crisis. Specifically, Powell spoke with JPMorgan’s Jamie Dimon for seven minutes and Citigroup’s Michael Corbat for 15 minutes on the morning of August 1, according to his latest public schedule.

Incidentally, later that afternoon on August 1, markets tumbled after President Trump abruptly announced he would move forward with tariffs on an additional $300 billion worth of Chinese products (which he has since suspended). The Fed had a day earlier lowered its benchmark rate by a quarter percentage point but signaled it was not necessarily the start of an easing cycle. A little over two months later, the market is convinced that this, too, was a lie and the Fed will cut again in October and gives significant probability to yet another rate cut after, some time in November or December.

Meanwhile, going back to Rabobank, the bank which correctly predicted the Fed’s U-turn one year ago, now expected that the Fed will continue easing until the end of 2020, when the Fed Funds rate goes back to 0.00%

 

One final point: whereas we have made it quite clear that in our view, the Fed’s monthly purchase of $60BN in Bills, and up to $110BN in total TSY purchases, net of maturities and rollovers, is QE 4, even if we enjoy calling it “NOT A QE” to infuriate those Fed progressive pedants who for some bizarre reason find the urge to defend Powell’s actions, when it was the Fed’s monetary lunacy that caused the biggest wealth and income inequality and directly led to the ascent of Trump, the Fed defends its narrative of not calling the $60BN in indefinite T-Bill purchases a QE for the following reason:

the operations announced on October 11 are purely technical measures aimed at maintaining an appropriate level of reserves in the banking system and have no material implications for the stance of monetary policy. In particular, purchases of Treasury bills likely will have little if any effect on longer-term interest rates, broader financial conditions, or the overall stance of monetary policy. As a result, these purchases should not have any meaningful effects on household and business spending decisions and the overall level of economic activity.

There is just one problem with that cop out loophole: the Fed is saying it’s “not QE” because the Fed isn’t directly targeting long-term rates and “overall level of economic activity.” That is beyond disingenuous for one simple reason: while the Fed may not admit it, it is now scrambling to restore monetary conditions that were attained at the peak of QE. And while Powell may not claim that injecting up to $400BN in liquidity in the market is not aimed at monetary policy, it has a very clear, if unstated, motive: to further ease financial conditions, which is precisely what QE sought to do.

A very simple thought experiment: what would happen if the Fed had not pursued permanent balance sheet expansion: just how severe would the ensuing banking crisis be, which the Fed with its own actions confirmed was inevitable had it not intervened?

Source: Fed Held Secret Videoconference On October 4 To Plan Launch Of QE 4

Fed in Effect Commits to Financing 60 % of Federal Deficit With Its Own Made Up Money | AC2 News

In that case, why stop there? Why not double and triple the deficit again? The Fed says that all this self financed federal spending won’t cause inflation or anything else.
(From Reuters)

It’s a message that [Fed Chairman] Powell… foreshadowed earlier in the week: This is not quantitative easing.

The Treasury purchases will therefore have “little if any” meaningful effect “on household and business spending decisions and the overall level of economic activity,” the Fed said, repeating that explanation three times for emphasis in a statement Friday accompanying its announcement.

Click here for the article.

Source: Fed in Effect Commits to Financing 60 % of Federal Deficit With Its Own Made Up Money