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Title: I RECANT.
Source:
Chuck Baldwin / Facebook
URL Source: https://www.facebook.com/permalink. ... 69863063938&id=226997970644468
Published: Apr 5, 2015
Author: Chuck Baldwin
Post Date: 2015-04-15 02:15:42 by Hondo68
Keywords: None
Views: 66429
Comments: 178
I'm using this Facebook post to make a couple of personal confessions. In one way or another, we are all victims of our past. I was schooled in certain persuasions that have taken 3/4 of a lifetime to overcome. But when I made a conscious decision to pursue and follow truth--no matter where it led me--many years ago, my mind and heart have been liberated with the illumination of truth time and time again. I personally believe that only people who, in their hearts, are sincerely open to truth will ever find it. I will not make these issues a test of fellowship with those who disagree with me (although, I'm sure many of them will). I, myself, believed differently for all of my adult life. And these conclusions have not been made overnight. It has taken years of study and research to bring me to the conclusions I am sharing with you in this post. Obviously, this forum will not allow me to go into detail about the conclusions I'm going to share. That must be reserved for another day and another forum. But, for the sake of the folks--especially those Christian folks--who follow my work, I believe I need to be honest and straightforward regarding these conclusions. So, here we go: 1. I recant the dogmatism of a belief in a pre-millennial rapture. That doesn't mean that I DON'T believe in a Rapture. It just means that I am no longer dogmatic about it; and neither do I think that it matters to a tinker's dam regarding my personal duty to God. The Lord is going to fulfill His divine will regarding prophetic events in His time. Quite frankly, I am convinced that, for the most part, it is not for us to know the things God has reserved unto Himself. (Acts 1:6, 7) For too long, many of our pre-millennial friends have been using a belief in the Rapture as an excuse to sit back on their blessed assurance and do nothing. Even if the doctrine is true, the way it is being used as an excuse to not engage the liberty fight is downright shameful. 2. I recant the position that the modern state of Israel is the same as the prophetic Israel of the Bible. The nation of Israel rejected their Messiah and God destroyed their nation, their capital city, and their temple in 70 AD. Spiritually, the children of Israel have been in a state of blindness ever since. With the advent of the New Testament Church, we are NOT Jews or Gentiles, Greeks or Barbarians, etc.: we are all ONE IN CHRIST. God's people today are the blood-washed saints of all races, ethnicities, nationalities, etc. Again, we are ONE IN CHRIST. Accordingly, I am convinced that the modern state of Israel is NOT the prophetic fulfillment of the future redeemed nation of Israel. NOT IN ANY SHAPE, MANNER, OR FORM. I further conclude that the misapplication of applying prophetic scriptures to the modern state of Israel is producing nothing but perpetual war, the demise of liberty at home, the rise of a Police State, and the facilitation of a devilish New World Order. So, there you have it. I RECANT.
Poster Comment: I wonder if he's getting ready to run for president again? I voted for him when Ron Paul endorsed him in '08, and I just might again in '16.
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Begin Trace Mode for Comment # 129.
#7. To: hondo68 (#0)
It is rather notable for anyone to admit they recanted anything in modern life. I think he might have discussed his reasons in a little more depth if he wanted to persuade more readers to his position. This is more a mere statement than an argument.
On October 20, 2008, Herman Cain wrote, in an article in North Star Writers Group’s Herman Cain column #133, that “Wake up people! Owning a part of the major banks in America is not a bad thing. We could make a profit while solving a problem.”” Beautiful plumage, the Herman Blue.
Turns out he was right. "TARP revenue has totaled $441.7 billion on $426.4 billion invested." (http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program)
Da comrade. The government should nationalize the entire financial sector because when it comes to TOO BIG TO FAIL, big government has the monopoly. /s
That's not necessary if the federal government would keep it's nose out of the financial sector to begin with. But when the federal government forces banks -- under the rubric of diversity and inclusiveness -- to offer sub-prime loans to otherwise unqualified buyers, I think they share the responsibility when the bank fails. Had the federal government not intruded itself, the banks would have been just fine.
Whose nose was in what when Glass-stegall was defanged? "FRAUD - You probably think there should be rules against it, I think the market will figure it out" --Alan Greenspan to Brooksley Born Even Greenspan admits he had his head in his arse.
He was referring to federal regulation of the derivatives market. The problem is not derivatives. The problem is what the derivative is derived from. When the derivative is sub-prime mortgage-backed securities and the sub- prime mortgage is a worthless piece of paper (due to federal government interference), the derivative is worthless. Keep in mind that it was a government institution, Fannie Mae, that rated these mortgage backed securities and said they were solid. They lied.
And the housing market. Housing never goes down, right? That's the essence of what he said - and what he admitted he was wrong about. The gaming of housing prices and the gaming of the derivatives market cannot be separated, they are sewage in the same systemically corrupt sewer pipe. The same is true about congress and the vermin who've corrupted it to facilitate their kleptocracy. "Lender Lobbying Blitz Abetted Mortgage Mess Ameriquest Pressed For Changes in Laws; A Battle in New Jersey"
He said that, historically, housing never went down.
Well, so much for those "assurances". Whose fault was it when Greenspan was advocating removing Glass-steagal?
Are you saying Glass-Steagall was responsible for the banking crisis? If not, give it a f**king rest already.
Are you saying the deregulation advocated by Greenspan didn't allow banks to engage in activities that resulted in the big 4 PRESENTLY holding over 200 Trillion dollars in notional derivatives? If not, then give yourself a f**king rest and try doing some actual research into the events that created the environment in which the so-called "banking" crisis transpired instead of regurgitating Lush Limbaugh's GeeOpie sound bytes.
OK. So you're saying that Glass-Steagall was NOT responsible for the banking crisis but you're going to keep bringing it up anyways. Just like you're going to keep bringing up your stupid Ameriquest argument despite the FACT that they only represented a very small part of the problem. Just like you're going to keep bringing up your stupid "whiteout and scissors" argument like that was the main problem. Take your red herrings elsewhere. The government interfered with the financial market. It was only fair that they cleaned up their own mess. That they did so at a profit was simply a bonus.
#131. To: misterwhite (#129)
(Edited)
Nope. Removing the prohibitions of Glass-Steagall absolutely was part of the problem. I'm saying go educate yourself about the systemic sewer system's plumbing before talking out of your a$$. Country Wide, Wells Fargo, Bear Stearns, and the other predators who followed the "revolutionary" model pioneered by Roland Arnall and his merry band of Long Beach pirates evidently didn't think it was so stupid. Roland Arnall, founder of Orange-based Ameriquest Mortgage Co. and a "godfather of subprime lending," died Monday at age 68. Arnall, who resigned this month as U.S. ambassador to the Netherlands, died "suddenly" of cancer at UCLA Medical Center, said family spokeswoman Lisa Cohen. A major contributor to Republican Party causes and President Bush's campaigns, Arnall was appointed ambassador in 2006 after Ameriquest and its affiliated companies agreed to pay $325 million - without admitting wrongdoing - to settle complaints of predatory lending by attorneys general in 49 states. Arnall built a fortune, estimated at $1.5 billion by Forbes magazine, writing loans for people with spotty credit, a type of loan later known as "subprime." ... Wall Street sold the mortgages as securities, fueling a real estate boom followed by the current bust that triggered worldwide economic turmoil, highlighted by this week's collapse of investment bank Bear Stearns Cos. ... A Jewish native of France, Arnall's family survived World War II before moving to America. Arnall sold flowers on the streets of Los Angeles and then real estate in the 1970s, before founding Long Beach Savings in 1979. That bank split into Ameriquest and a publicly traded subsidiary that sold for $350 million in 1999 to become the subprime arm of Washington Mutual. Arnall's executives founded other subprime lenders - Brea-based ResMae Mortgage Corp. and Encore Credit Corp. in Irvine....
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#8. To: TooConservative (#7)
It is rather notable for anyone to admit they recanted anything in modern life.
http://hermancaintarp.com/about-herman-cain/herman-cain-supports-tarp/
#13. To: VxH (#8)
"Owning a part of the major banks in America is not a bad thing. We could make a profit while solving a problem.”
#45. To: misterwhite (#13)
#59. To: VxH (#45)
"Da comrade. The government should nationalize the entire financial sector because when it comes to TOO BIG TO FAIL, big government has the monopoly. /s"
#81. To: misterwhite (#59)
it's nose out of the financial sector to begin with.
#84. To: VxH (#81)
"Even Greenspan admits he had his head in his arse."
#97. To: misterwhite (#84)
(Edited)
He was referring to federal regulation of the derivatives market.
www.wsj.com/articles/SB119906606162358773
#98. To: VxH (#97)
"Housing never goes down, right? That's the essence of what he said - and what he admitted he was wrong about."
#113. To: misterwhite (#98)
He said that, historically, housing never went down.
#120. To: VxH (#113)
"Whose fault was it when Greenspan was advocating removing Glass-steagal?"
#121. To: misterwhite (#120)
(Edited)
Are you saying Glass-Steagall was responsible for the banking crisis? If not, give it a f**king rest already.
#129. To: VxH (#121)
Replies to Comment # 129. so you're saying that Glass-Steagall was NOT responsible for the banking crisis
your stupid Ameriquest argument despite the FACT that they only represented a very small part of the problem.
Ameriquest founder was subprime "godfather"
End Trace Mode for Comment # 129.
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