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Rietzke may reside far from the trading pit in Chicago, but he and thousands of other ranchers and farmers across the country are at the heart of futures trading.
With billions of their dollars locked up by MF Global's October 31 bankruptcy filing, they are a key voice in determining if and when the futures business regains its poise and reputation.
"I have no confidence in the market, because it could happen at any other brokerage," Rietzke told Reuters from his 8,000 acre ranch near the southwest Kansas town of Coldwater.
Dozens of other market participants, most of them smaller introducing brokers or independent traders, say the painful lesson of MF Global is forcing them to reconsider a livelihood in the market and how they hedge future crops and livestock....
Jim Lincoln wrote: RP, Satan is the god of this world,
What was accomplished then when Christ ascended his Mediatorial Throne as the exalted Prophet, Priest and King over Zion? What does Ephesians 4 teach contrary to what you assert? Satan is the prince of the power of the air, the spirit that is now at work in the sons of disobedience. But he is a defeated foe by the power of the resurrection. I expect the Jews to be converted to Christ, the fullness of the Gentiles to be brought in, the true gospel preached, gospel officers raised up, and gospel ordinances cleansed from corruption, as the Lord's prayer instructs us to pray, thy kingdom come, thy will be done on earth as it is in heaven. If we ask anything according to his will he hears us. It seems I expect to see more of Christ's glory on earth before the second coming. I expect a Mediatorial reign of Christ on earth from heaven through the person of his Bride, the Church responding with more comeliness to her exalted Head/ Husband in the future, as the prophetic Scripture indicates.
RP, Satan is the god of this world, and he is only restrained by the Holy Spirit.
Gil Rugh said or, wrote: The book of Revelation is a book about the coming earthly kingdom of Jesus Christ, the Messiah of Israel. . The Messianic kingdom has not begun yet. No part of it is underway yet. When it begins, it will be a dramatic worldwide event, that all will know about. I stress this, because there's much misunderstanding on the kingdom. Many people today believe that the kingdom is spiritual and exists in hearts, and that fulfills the prophecies and promises.
Some people believe the Messianic kingdom has begun, but we won't really come into full bloom until Christ is personally here. I find no support for that in Scripture either.
The Bible is clear, that at a future point in time, Jesus Christ will personally appear from heaven, and come to earth, destroy His enemies, and establish a kingdom over the earth.
Jim Lincoln wrote: RP, ... I don't think we can bring the Kingdom of God as a functioning government. Only Christ can do that. This is how it is stated in the Book of Revelation.
Agreed. But Christ has promised to do just that in both the Old and New Testaments. If Jesus Christ is the Head of His kingdom on earth, the Church and He is; then the Scripture has given the rules for her functioning governance under His headship. If Jesus Christ is Lord and as such Creator God and He is; then He is already reigning Sovereign and Mediator seated at the Father's right hand who will put all things under his feet or make his enemies his foot stool, before he his final return as Judge. God promised Abraham that in him (as the father of those with the faith of Abraham in Christ the promised seed) all nations (as nations) of the earth, like Israel of old, shall be blessed. Blessed as commonwealths under David's son and David's Lord. See Psalm 2 in that light for that is what it says and where it warns all opposers of Christ's rule; whether donative over the Church or as Creator over the nations as nations, that subjection to Christ is not optional but wise in God's view.
RP, while of course I do recognize The Universal Kingdom of God, I don't think we can bring the Kingdom of God as a functioning government. Only Christ can do that. This is how it is stated in the Book of Revelation.
Jim, the kingdom of God is within us. If that is so, then our lives should be a demonstration of that in many ways; the way we worship God and relate to our brethren and neighbors for example.
I hold a different eschatological view and have a different soteriology. We will not hold the same men in esteem, as 'faithful and true' gospel ministers. This is confusion that is not necessary, but it is so, at this time, as is evidenced daily right here on SA. In 1 Corinthians there were divisions among brethren i.e. one preferred that Paul was able to get across profound truth simply, Apollos was known to be an eloquent speaker, some preferred his style or Peter's, not different foundations. These were all teachers under apostolic authority, for quick resolve. Men would hear the 'same message' from various speakers and conclude differently. These hearers then in the church would cause the division & resulting schism.
It is so much more broken in our day. Yet it is possible to determine where the Church was in a reformation and start there. That is what needs to happen.
Gil Rugh said or, wrote: The concept of the Kingdom is widespread in both the Old & New Testaments of the Bible. The Bible does not say we are in the Kingdom. The Bible does not say the Church is to build the Kingdom. The Bible does not say the Church is the Kingdom.
Confusion is growing concerning what the Church is, what is its responsibility to society, and what the Bible teaches about building the Kingdom.
When I asked someone with a farm background, questions about this story they praised the good of socialism and others praise capitalism. It seems to be we should praise the power of God in the gospel to change lives and then the fog would clear enough to humbly learn from the Scripture what would be best in God's eyes as regards business. The world will not be full cleansed sin until Christ returns, there will still be sin in it until them. But Psalm 67&68 indicated better days are coming. When a greater number of men fear God and those that lead are not chosen from the vile, so that the wicked walk freely on every side. But leadership is chosen from amongst their brethren because the majority of the nation believes the gospel and not just a handful, as it is at the present time. Leaders would then uphold the true reformed religion from error like a parent protects his won dear child for their good (kings shall be our nursing fathers and THEIR queens our nursing mothers Isa. 49:22-23)and the good of the Church and nation will be one and the same. For when God's Church flourishes in grace, mercy and peace the nation flourishes in provision.
There's nothing novel or amazing about investment disasters; consider the Mississippi Bubble & South Sea Bubble, which were equivalents in their day. John Law, a supposed economic expert from Scotland, was largely responsible for the former, & fled France disguised as a woman. And the latter almost brought down King George I. "A resolution was proposed in Parliament that bankers be tied up in sacks filled with snakes and tipped into the murky Thames." Doesn't THAT sound familiar?
So there's nothing new under the sun. Let the imprudent get their haircuts, and civil damages awarded, where appropriate.