David Westerfield

Gospel. Culture. Technology. Music.


The Gospel and Idolatry

The Grand Demythologizer: The Gospel and Idolatry (Video) – Tim Keller

Once again, I have to be reminded of truths I’ve forgotten. It is so easy to forget things that should constantly be flowing through your mind. One is the fact that the heart (my heart), as Martin Luther said, is an idol factory. I listened to Tim Keller’s talk on The Gospel Coalition’s website entitled The Gospel and Idolatry and was once again confronted with my idols, that is those things I’m staking my ultimate hope in besides Christ. How quickly we turn from Him to less satisfying, less glorious things and exchange Him for lesser gods that don’t deliver what we most desperately need! “Wretched man that I am! Who will deliver me from this body of death? Thanks be to God through Jesus Christ our Lord!” – Romans 7:24-25

John Piper – TULIP Seminar – Part 1 – Introduction

Commercial Real Estate Watch

“In order to sort through the disaster that is Wells Fargo’s commercial loan portfolio, the bank has hired help from outside experts to pour over the books… and they are shocked with what they are seeing. Not only do the bank’s outstanding commercial loans collectively exceed the property values to which they are attached, but derivative trades leftover from its acquisition of Wachovia are creating another set of problems for the already beleaguered San Francisco-based megabank.”

“The CRE alarmists may yet be proven right, but the delayed reckoning due to CDS [credit default swap’s] accounting means it may take a while for these shoes to start dropping.”

“The next wave of the credit crisis is about to hit — a collapse in com mercial real estate and potential explosion of bank failures. With its resources tapped out by the first wave, what should Washington do?

“Over the last year, the Federal Reserve doubled the size of its balance sheet, and took unprecedented action in monetizing government debt and extending credit to financial institutions. Now it must head off inflation and extricate itself from $5 trillion-plus in credit exposure from various bailouts. The Treasury, meanwhile, is issuing debt at the fastest pace in peacetime history.

“Now comes the next crisis. The same factors that caused the residential bubble — easy credit, lax lending standards and booming mortgage-backed-securities underwriting — also drove commercial real-estate overvaluation. But the commercial market lags the residential one by about a year, so this bubble is still popping.”

Peter Schiff is Officially Running For Senate

Something They Won’t Show You in the Mainstream Media About the Protests This Past Weekend

I think this movement is just getting started. Combine the prospect (and likelihood) of more excessive taxes and government control on the unemployed and already burdened, and you get a large group of ticked off people. Are these the roots of a revolution if things don’t start reversing? I don’t know, depends on what happens in the next year or two from now with legislation, the economy and next years’ elections. If things get worse as some economists are predicting (who rightly predicted last years’ crisis), the numbers could grow significantly.

As Gerald Celente said in predicting this trend earlier this year, “When people lose everything and they have nothing to lose, they lose it.” Hopefully that will not happen. So far, it is a non-violent movement. But if people get pressed far enough, anything is possible. I’m not saying I condone such a thing if it turned to that. I would decline to participate. I’m just pointing out the possibility.

Most Republican politicians don’t seem to have the fight in them that many of these protesters do. So could a third party, a truly conservative group of honest politicians get elected? It would be nice, but as one political commentator said recently on a show I was listening to, we need to first get competent politicians elected who know how the machine of economics and politics works.

Just check out the sea of people in this video, it’s really quite amazing:

Commercial Real Estate Loan Foreclosures Coming to Pass

From Calculated Risk:

This is happening all across the country: falling demand [for commercial real estate] and still more office supply coming available as large commercial real estate projects are completed. This means falling rents and property values. And as the construction loans come due, there will be more and more losses for lenders.

From WashingtonPost article cited in Calculated Risk’s blog:

“We may see the commercial version of the subprime situation,” said Steve Silverman, director of the Montgomery County Department of Economic Development.

This was predicted earlier this year by Gerald Celente, founder of Trends Research Institute. The question is, will the effects of this and other situations prove to be as dire as he predicted? We’ll have to see I guess.

The Global Illicit Economy

The Active Obedience of Christ – Wayne Grudem

The Active Obedience of Christ – Wayne Grudem

If Christ had only earned forgiveness of sins for us, then we would not merit heaven. Our guilt would have been removed, but we would simply be in the position of Adam and Eve before they had done anything good or bad and before they had passed a time of probation successfully. To be established in righteousness forever and to have their fellowship with God made sure forever, Adam and Eve had to obey God perfectly over a period of time. Then God would have looked on their faithful obedience with pleasure and delight, and they would have lived with him in fellowship forever.

For this reason, Christ had to live a life of perfect obedience to God in order to earn righteousness for us. He had to obey the law for his whole life on our behalf so that the positive merits of his perfect obedience would be counted for us. Sometimes this is called Christ’s “active obedience,” while his suffering and dying for our sins is called his “passive obedience.” Paul says his goal is that he may be found in Christ, “not having a righteousness of [his] own based on law, but that which is through faith in Christ the righteousness from God that depends on faith” (Phil. 3:9). It is not just moral neutrality that Paul knows he needs from Christ (that is, a clean slate with sins forgiven), but a positive moral righteousness. And he knows that that cannot come from himself, but must come through faith in Christ. Similarly, Paul says that Christ has been made “our righteousness” (1 Cor. 1:30). And he quite explicitly says, “For as by one man’s disobedience many were made sinners, so by one man’s obedience many will be made righteous” (Rom. 5:19).

Controversial Video Shown to Elementary Students

Parents upset over ‘leftist propaganda’ video (Archive)

Many of the things each celebrity lists in this video are inherently good things. I’m absolutely an advocate of looking after my neighbor’s interests and not only my own, though of course not through a government mandate, but willingness of heart. Loving our neighbors as ourselves is part of the summing up of the entire law, according to Jesus Himself. And just on its face, this is a virtue any society should uphold. I’m also in favor of building stronger communities in which we do help each other, although of course I believe the church should be a strong, influential, integral member in the community as well, in order that the Gospel may spread to those who don’t know Christ.

What I primarily negate in this video (even before the political aspect) is the worldview and theological perspective this understanding of serving others springs from: it is secular, postmodern humanism, that is, the exaltation of humanity. Some version of this can be seen in history in Genesis 11:1-11 at the Tower of Babel. Humans were made (dare I say designed) to worship. And if we don’t worship the Lord, the true God, and refuse to make Him the center of our lives through Christ alone, we will worship something else, of necessity. Martin Luther called the human heart an “idol factory.” And rightfully so.

Panel – N.T. Wright and the Doctrine of Justification

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