BANKING AND FINANCE

Monday 24 October 2011

Today's Scripture: Titus 3

Today's Scripture: Titus 3

1Put them in mind to be subject to principalities and powers, to obey magistrates, to be ready to every good work,

2To speak evil of no man, to be no brawlers, but gentle, shewing all meekness unto all men.

3For we ourselves also were sometimes foolish, disobedient, deceived, serving divers lusts and pleasures, living in malice and envy, hateful, and hating one another.

4But after that the kindness and love of God our Saviour toward man appeared,

5Not by works of righteousness which we have done, but according to his mercy he saved us, by the washing of regeneration, and renewing of the Holy Ghost;

6Which he shed on us abundantly through Jesus Christ our Saviour;

7That being justified by his grace, we should be made heirs according to the hope of eternal life.

8This is a faithful saying, and these things I will that thou affirm constantly, that they which have believed in God might be careful to maintain good works. These things are good and profitable unto men.

9But avoid foolish questions, and genealogies, and contentions, and strivings about the law; for they are unprofitable and vain.

10A man that is an heretick after the first and second admonition reject;

11Knowing that he that is such is subverted, and sinneth, being condemned of himself.

12When I shall send Artemas unto thee, or Tychicus, be diligent to come unto me to Nicopolis: for I have determined there to winter.

13Bring Zenas the lawyer and Apollos on their journey diligently, that nothing be wanting unto them.

14And let our's also learn to maintain good works for necessary uses, that they be not unfruitful.

15All that are with me salute thee. Greet them that love us in the faith. Grace be with you all. Amen.

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What is the Meaning of this Text?

bedience to magistrates, and becoming behaviour towards all, are enforced from what believers were before conversion, and what they are made, through Christ. (1-7) Good works to be done, and useless disputes avoided. (8-11) Directions and exhortations. (12-15)

Verses 1-7: Spiritual privileges do not make void or weaken, but confirm civil duties. Mere good words and good meanings are not enough without good works. They were not to be quarrelsome, but to show meekness on all occasions, not toward friends only, but to all men, though with wisdom, (Jam 3:13). And let this text teach us how wrong it is for a Christian to be churlish to the worst, weakest, and most abject. The servants of sin have many masters, their lusts hurry them different ways; pride commands one thing, covetousness another. Thus they are hateful, deserving to be hated. It is the misery of sinners, that they hate one another; and it is the duty and happiness of saints to love one another. And we are delivered out of our miserable condition, only by the mercy and free grace of God, the merit and sufferings of Christ, and the working of his Spirit. God the Father is God our Saviour. He is the fountain from which the Holy Spirit flows, to teach, regenerate, and save his fallen creatures; and this blessing comes to mankind through Christ. The spring and rise of it, is the kindness and love of God to man. Love and grace have, through the Spirit, great power to change and turn the heart to God. Works must be in the saved, but are not among the causes of their salvation. A new principle of grace and holiness is wrought, which sways, and governs, and makes the man a new creature. Most pretend they would have heaven at last, yet they care not for holiness now; they would have the end without the beginning. Here is the outward sign and seal thereof in baptism, called therefore the washing of regeneration. The work is inward and spiritual; this is outwardly signified and sealed in this ordinance. Slight not this outward sign and seal; yet rest not in the outward washing, but look to the answer of a good conscience, without which the outward washing will avail nothing. The worker therein is the Spirit of God; it is the renewing of the Holy Ghost. Through him we mortify sin, perform duty, walk in God's ways; all the working of the Divine life in us, and the fruits of righteousness without, are through this blessed and holy Spirit. The Spirit and his saving gifts and graces, come through Christ, as a Saviour, whose undertaking and work are to bring to grace and glory. Justification, in the gospel sense, is the free forgiveness of a sinner; accepting him as righteous through the righteousness of Christ received by faith. God, in justifying a sinner in the way of the gospel, is gracious to him, yet just to himself and his law. As forgiveness is through a perfect righteousness, and satisfaction is made to justice by Christ, it cannot be merited by the sinner himself. Eternal life is set before us in the promise; the Spirit works faith in us, and hope of that life; faith and hope bring it near, and fill with joy in expectation of it.

Verses 8-11: When the grace of God towards mankind has been declared, the necessity of good works is pressed. Those who believe in God, must make it their care to maintain good works, to seek opportunities for doing them, being influenced by love and gratitude. Trifling, foolish questions must be avoided, and subtle distinctions and vain inquiries; nor should people be eager after novelties, but love sound doctrine which tends most to edifying. Though we may now think some sins light and little, if the Lord awaken the conscience, we shall feel even the smallest sin heavy upon our souls.

Verses 12-15: Christianity is not a fruitless profession; and its professors must be filled with the fruits of righteousness, which are by Jesus Christ, to the glory and praise of God. They must be doing good, as well as keeping away from evil. Let "ours" follow some honest labour and employment, to provide for themselves and their families. Christianity obliges all to seek some honest work and calling, and therein to abide with God. The apostle concludes with expressions of kind regard and fervent prayer. Grace be with you all; the love and favour of God, with the fruits and effects thereof, according to need; and the increase and feeling of them more and more in your souls. This is the apostle's wish and prayer, showing his affection to them, and desire for their good, and would be a means of obtaining for them, and bringing down on them, the thing requested. Grace is the chief thing to be wished and prayed for, with respect to ourselves or others; it is "all good."

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How can We Apply this Scripture familyto our Life?

In our Bible Study here in the book of Titus we have made application in Titus chapter 1 for the Right Leadership in the Church, in Chapter 2 our responsibility to live right in the Church, and here in Chapter 3 to Obey Government, Avoid useless arguments. We all have a responsibility to live what we study in the scriptures. To not just hear the Word but Obey and live it out in every decision we make. Keeping the main thing, the main thing, Sharing what God did for us through His Son. Once we learn it, we live it, then teach it to the next generation. I have heard of Churches splitting because of the color of the carpet in a building plan. I have heard of Christians not paying their taxes. Fighting within the Church for anything and everything. Be tolerant of believers for their standards and level of their Christian growth. It is really simple, get saved, share Christ, and love others as Christ has loved us. Keep the main thing the main thing.

Bishop Uchenna C. Okonkwor

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Wednesday 11 August 2010

...Continuation

Does the Federal Reserve process all the checks Americans write?
No. The Federal Reserve Banks handle less than one-third of all U.S. checks. Private entities
process the rest.
Is the Federal Reserve responsible for regulating and supervising the entire U.S.
banking system?
No. It shares this responsibility with other federal and state regulatory agencies.
Does the Federal Reserve set interest rates?
The Federal Reserve is responsible for U.S. monetary policy. This means it makes policies that
influence how much money and credit will be available to the U.S. economy. Interest rates
often go up or down in response to the Federal Reserve’s monetary policy decisions, but only
the discount rate is set directly by the Federal Reserve. The discount rate is the rate banks pay
when they borrow from the Federal Reserve.
The Federal Reserve
does not print money.
U.S. paper money is
printed by the Bureau
of Engraving and
Printing, which is part
of the U.S. Treasury
Department.
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When was the Federal Reserve established?

When was the Federal Reserve established?
Congress created the Federal Reserve System in 1913 to help make the U.S. banking system
safer and more efficient.
How many Federal Reserve Banks are there?
There are twelve Federal Reserve Banks. Each of the twelve Reserve Banks serves its own
Federal Reserve District.
Where is the headquarters for the Federal Reserve?
The System’s headquarters is in Washington, D.C. It is called the Board of Governors of the
Federal Reserve System.
Does the Federal Reserve lend money to businesses and consumers?
No. The Federal Reserve does not lend money to private borrowers, but it sometimes lends
money to banks when the need arises.
Does the Federal Reserve print U.S. paper money?
No. Although Federal Reserve Notes account for almost 100 percent of the U.S. paper money
in circulation, the notes are actually printed by the Bureau of Engraving and Printing, which
is part of the U.S. Treasury Department. The paper money is then shipped to the Federal
Reserve Banks and their branches. When banks need cash for their customers’ needs, they
order it from the Federal Reserve Bank in their District. Also, since money gradually wears out,
the Federal Reserve Banks process cash in order to determine its fitness. Worn out bills are
shredded; new bills are introduced into the system to replace the old ones.
Do all Federal Reserve Banks store gold bars in their vaults?
Only the Federal Reserve Bank of New York has a working gold vault, and almost all of the
gold in its vault is foreign-owned. The U.S. government’s gold is held at Fort Knox, Kentucky,
the U.S. Mints in Denver and Philadelphia, the San Francisco Assay Office of the U.S. Mint,
and the U.S. Bullion Depository in West Point, New York.
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