Free Market Status: Dead

The bankruptcy of Lehman Brothers, an international banker with a famous reputation, and the acquisition of Merrill Lynch - my internship site this past summer - by Bank of America Corp. (NYSE: BAC) only added to the list of victims of the sub-prime mortgage crisis that has plagued the Wall Street for the past year. Before that, Bear Stearns, a well-reputed investment banker, was merged rather forcibly by the government with JPMorgan Chase & Company (NYSE: JPM). Our most-wonderful government decided that intervention was in the best interest of our economy's health by taking over Fannie Mae and Freddie Mac. Finally, as the creme du de coup, the government decided to bailout America Insurance Group (AIG) with a $85 billion loan... directly from the taxpayers' pocket (read: every single one of us who earn a dime). This past week alone has been a tough week for the stock market, and it leaves people like myself wondering what will happen in the future with our economy.

As a Management major with a finance concentration and a minor in Economics - hence the reason this topic interests me so much - I have learned one principle that generally is a bad news for the market: big government. When the government decides to grow and expand through control and bureaucracy, that is when the market, our so-called free market, suffers from the strangling hold of the "Big Brother." The bailout of Fannie Mae and Freddie Mac is our most recent evidence of government intervention in the capitalistic market. Instead of letting businesses collapse and fail (this is rather painful, but necessary, for the proper operations of a capitalistic economy), the government thinks that they know the answer to every problem, every crisis, and tells us, "We are here to save the day!" I beg to differ.

In fact, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, along with President Bush, has just announced a possible plan for the government to "buy up bad mortgages and other toxic debts," all while using "a 'significant amount of taxpayers' money.'" This proposed governmental intervention will be - read this carefully - "the biggest proposed government intervention in financial markets since the Great Depression." Read more about the government's lifeline to rescue the financial market.

The free market, I fear, might already be dead. Read U.S. Senator Bunning's statement if you think I'm overreacting.

Your thoughts on what's happening in the economy are welcomed.

Pray for Sara Palin's Church

I received this e-mail message from a dear friend of mine today, and wanted to share it with you, since some of the readers are Christians and have great interest in politics. It is important for us to pray for our politicians, especially Sarah Palin, who is being unfairly attacked by the liberal media for non-essential reasons. This e-mail message reminded me that Sarah's life is not only influenced by her choice - the people who knows her at some level will be questioned by the media with a goal of finding subtle mistakes, if any, that might influence Sarah's shot at her VP bid during this election season. Moreover, if there is any flaws found within the church that she attended, the very vitality of the Body of Christ will be affected in that community.

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Greetings to all!

Our pastor here in Bigfork, Montana, Hal Curtis, is friends with the pastor of Sarah Palin's pastor in Wasilla, Alaska. His name is David Pepper and the church is Full Gospel Church of Wasilla, AK.

Three days before Gov. Palin was announced by John McCain as his choice for VP, she came before her pastor to be anointed and prayed over for service to God. She didn't tell the church what was going on....just that she needed their prayer support. During the mere days since the announcement, the pastor and the church have been bombarded with questions from the media. They are trying to get the word out to Christians all over the nation to pray for God's protection of Sarah Palin and of their church. They suspect that the treatment of Jeremiah Wright will pale in comparison to what is coming their way as a conservative Christian body.

When the little Down's Syndrome baby of Todd and Sarah Palin was dedicated a few months ago, their statement to the congregation was 'This little boy is my pro-life statement.' According to David Pepper, Todd and Sarah are very strong in their faith in Jesus Christ and believe God has put them in this position to serve Him.

Let's remember to pray for Gov. Palin and her family as they walk through this very trying time! Thank you so much!

Vicky Creamer

p.s. Please pass this request on to other prayer warriors!

An Enslaved Freedman

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among them are Life, Liberty, and the pursuit of Happiness." (Declaration of Independence, July 4th, 1776)

Hailed as one of the greatest philosophical documents ever written, Thomas Jefferson (along with the help from John Adams and Benjamin Franklin) wrote the Declaration of Independence and made a bold move against the British Empire to dissolve the colonies' relationship with the Crown. Colonists were fed up with paying taxes, dealing with ignorant Parliament who believes that England is entitled to world dominion, and religious intolerance - expressed through the now infamous Boston Tea Party and witnessed through the mass migration of Puritans. After the submission of this Declaration to the British Parliament, the American Revolution did not conclude until the Treaty of Paris was formally ratified and exchanged by the British and United States parties on May 12, 1784 in France. It required America eight additional years after the signing of the Declaration until she was fully emancipated from England. The effect of the Revolution can still be felt not only in America, but all over the world.

I am eternally thankful for the liberties I enjoy in America. We have achieved a great amount of equality in many ways, let it be racial, economical opportunity, and equal employment opportunity. We are allowed to practice whatever belief system we want to without being threatened by our government. We can bear arms in our houses and use it to defend ourselves against people who intend to do harm toward us. We do not have to fear any unwarranted searches and seizures of our personal property. An impartial jury, by principle, is guaranteed to any of us who have been accused of any wrongdoings, and we are presumed to be innocent unless proven guilty. There are enumerated powers assigned separately for the federal and state governments; no single governmental agency in America has the right or power to usurp the powers reserved for a lesser government. You can say that I am free in America, and I won't deny that. There are many people in the world who are hungry, oppressed, and shackled in a society. I'm grateful for the utterly high price our soldiers who fought in all wars to defend our freedom and perished.

Yet the more I thought about my liberty, the more I realized that it was temporal, only to be enjoyed in this lifetime. Although it makes me feel elated to be blessed in such a way, I realized something crucial: I was still a miserable prisoner. After I take my last breath, what will my liberties meant to me? I cannot bring the freedom I have here into my death. I was still controlled by Death.

In other words, I was a prisoner of hate, greed, jealousy, lust, desires, fear, material items, and fruitless dreams. I was set on pursuing the American dream, to become wealthy and enjoy my life to its fullest. However, I finally realized something: no matter what I do, I cannot get rid of my nagging sense of despair and hopelessness. There was a void in my heart that I cannot fill by things found in this world; this hole, I realized later, was a God-sized one.

I am an enslaved freedman. Although free, my heart is held captive to a higher principle that is apart from this transient world. Just when I thought that the cold iron shackles of slavery would burden me when I sworn my allegiance to God, the freedom I found greeted me like a dear friend. I am not bound to any laws, but to the Law that is characterized by a mind-boggling Grace and unconditional Love. As a captive, I am free to shout. I am free to run. I am free to dance. I am free to live my life aiming to honor, praise, and glorify my King: Christ Jesus, my Lord, Savior, and Friend.

And here's why: my King laid down all the splendor and glory of his God-ship only to come here on Earth as a lowly human, a man who was tempted and tried in every possible way, yet never sinned. He was born under the law, lived for thirty-three years under the law, and died uneventfully under the law. My King was able to heal the sick, make the lame walk, restore the blind's sight, and make the dead walk again. He was arrested, accused and convicted; He suffered unimaginable agony and pain, all while hanging on an accursed tree, the cross, like a common criminal, as a completely innocent man. He did no crime, except for this: He brought forth true freedom into this world. He makes this freedom available to all who choose to believe, receive, and declare Him as their personal savior.

As I meditated on what Christ did, I am reminded that only true freedom can be found in Christ alone. No governments of this world can offer us this assertion. No kings that has lived, is living, and will come in the future can give people a 100% certainty on their freedom. Even the founding Fathers who boldly wrote the Declaration cannot - only Christ can. Apostle Paul sums it up:

"[W]here the Spirit of Lord is, there is liberty. " (2 Corinthians 3:17)

"For he who is called in the Lord while a slave is the Lord's freedman. Likewise he who is called while free is Christ's slave." (2 Corinthians 7:22)

I have sworn allegiance to my King, and a Declaration of Independence has already been written, ratified, and sealed with my name through the blood of Christ. Will I find your name among the signers?

DFYouth Ministry Logo Unveiled!

For the past few months, I have been working in a cooperative effort with a church member who happens to work as a graphic designer to develop a new logo for Deaf Fellowship Youth Ministry (DFYouth Ministry). Last night, I added some finishing touch to the logo, and, with excitement and enthusiasm, unveiled our official logo to the church family.

I'm really thrilled to have this project completed because it will allow people to associate our ministry with an image when we do our outreach activities (just like what other ministries do - DeafTeen Quest(r), Focus on the Family, etc.). There are a few subtle messages embedded in the logo that will be clear upon explanation. First, perhaps my favorite feature of the logo, there is a cross with a "I-Love-You" hand sign on the top of the mountain, signifying the unconditional, eternal Love Christ had for us when He died on the cross for our sake. Second, the three crosses on the mountain should remind us who Christ died with - sinners - and the location of His death - the Calvary. Third, the mountain, hopefully, will remind everyone to keep their gaze fixed upward toward Christ. In addition, the mountain also represents the arduous journey that every Christian who profess Christ as their personal savior, Lord, and the King of their lives will make in their lifetime as they pursue to be more like Christ (sanctify themselves). Finally, the arch tells us that with Christ's death, there's Hope in the world (just like the Bible, "His mercies are new every morning") - hence the likeliness of a sun that rises every morning.

This logo is loaded with meaning, I know, but all relevant to the Christian faith! I hope you enjoyed the DFYouth Ministry's logo design, and that you are inspired to embody an unique logo into your own ministries!