Again, here we are in 1 Timothy. We're going to look today in chapter 2 at verses 9 through 15. And what we're looking at is the subject of women in the church, women in the church. And, you know, it's one of those portions of scripture that I believe is very practical. And yet we're living in a time when there is anything that is said that may contradict what the current trend of thinking is, is looked at with suspicion, especially as it pertains to the gifts and the calling and ministry in the church that women possess. And so Paul is dealing with that here in 1 Timothy. And we'll be looking at that together in these verses. So let's read together in 1 Timothy chapter 2 at verse 9. We'll read to verse 15 and we'll get into our study. Paul writes in like manner also that the women adorn themselves in modest apparel with propriety and moderation, not with braided hair or gold or pearls or costly clothing, but which is proper for women professing godliness with good works. Let a woman learn in silence with all submission. I'll just, I'll just rest on that for a minute. And I do not permit a woman to teach or to have authority over a man, but to be in silence. Oh, for Adam was formed and playing with you.  Good, okay. For Adam was formed first, then Eve. And Adam was not deceived, but the woman being deceived fell into transgression. Nevertheless, she will be saved in childbearing if they continue in faith, love and holiness with self-control. And so let's look at this passage together today. We know that the apostle Paul is writing a letter. He's writing a letter to a young man named Timothy. You know that Timothy is a pastor. Timothy is the pastor of a church in an area of Turkey that is called Ephesus. So Paul is writing a letter to Timothy, this young pastor, and he's giving to him instructions concerning a few things that are necessary to be tuned up there in the church. So he's speaking about things like false teachers. He's also speaking concerning leadership. Even speaks concerning bad leadership. And so to deal with the problems that now exist in the church there in Ephesus, Paul begins to write to him concerning what you would call church order. He's instructing him concerning church life and ministry within the confines of the body of Christ. So here in chapter two, he's been giving those instructions and we had already seen how he had spoken concerning prayer and how he had encouraged the men to be spiritual leaders. We looked at that last time we were together. Remember in chapter two, verse eight, how he had said, I desire therefore that the men pray everywhere, lifting up holy hands without wrath and doubting. So I already was speaking concerning the men in the church and he was saying to the men in the church that you're to be the spiritual leaders in the church. And he was speaking concerning especially the discipline of prayer. And he said what you are to do is you're to take spiritual leadership, you're to lead out in prayer and you're supposed to do so everywhere because wherever believers gather, he's saying you men need to take the initiative and you need to be leaders. And when you do so, he says that you lift up holy hands, notice without wrath and without doubting. So when he says men you are to lift up holy hands, that's another picture of what we would call purity or holiness. You're to lift up hands and offering and worship to God without hidden sin.  But when you pray make sure that you don't have hidden sin.  So make sure that when you pray that before you even come that your heart is pure before the Lord. It's like what it says in Psalm 66 verse 18, if I regard iniquity in my heart the Lord will not hear.  He says, and make sure you pray without wrath. The word wrath is an interesting word. It speaks of a settled anger but it also gives a practical application of an absence of love for other people and sometimes you may have a settled wrath or settled anger in your heart. Sometimes you may have an unforgiveness within your heart and that's going to hinder your prayers. It says in Ephesians 4.32, be kind to one another, tender hearted, forgiving one another just as God in Christ forgave you. And so he says, lift up holy hands and let there be no wrath and also he said no doubting. Doubting it's just another way of speaking of an absence of faith. He said, when you come and you pray, don't have the hidden sin of hypocrisy. Don't be in a position of unforgiveness and he's saying, and make sure that you pray with faith. Like it says in Mark 11, 24, therefore I say to you, whatever things you ask when you pray, believe that you receive them and you will have them. So you don't go to prayer and pray to God without expecting that the Lord will respond. In Hebrews 11, verse 6, without faith it's impossible to please him. For he who comes to God must believe that he is and that he is a rewarder of those who diligently seek him.  As he has spoken to man, he now begins to speak to the ladies and he speaks concerning women in the church. And as he's doing so, he's actually going to speak concerning the roles of women, at least some of the roles that women have in the church. You see, unfortunately, and you'll see this later on in chapter 5, there are some of the ladies in the church that are causing some problems. They're not living properly. He will address that in chapter 5, verses 12 and 13. As he speaks about those women, he says, these women have cast off their first faith. And besides, they learn to be idle, wandering about from house to house and not only idle, but also gossips and busybodies, saying things which they ought not on Facebook. That's the modern translation. So he's speaking concerning men in the church and now he's speaking concerning women. That's why he begins in verse 9 by saying, in like manner, in like manner also that the women adorn themselves in modest apparel with propriety and moderation, not with braided hair or gold or pearls or constantly clothed. And so now he begins to speak to women about how they ought to be there in church. And that's why he says in like manner, with the same regard, in other words, with the same regard to what our faith requires. Men of the church have certain standards, but so do women. And so he says women are to notice adorn themselves in modest apparel with propriety. The word adorn is a Greek word that simply means to arrange or put something in order. So he's saying a woman is to arrange herself appropriately to join God's people in worship. He speaks of her being modest. As he speaks in that way, the word modest speaks of clothing that is not revealing, clothing that would be regarded as being decent. He uses the word propriety. That would speak of the inner motivation to reject anything that is unbecoming. And he uses the word moderation, which refers to self-restraint. It's a rejection of anything that isn't proper. So arrange yourself with modesty, propriety, and moderation is what he's saying. In other words, he's saying to the ladies, women, he's saying be aware of what worship is and be aware of who you are. If you want to begin to identify as a lady, as a Christian woman, he would be saying, remember that you're daughters of the king. Remember and never forget that. And also he would say, you need to remember that your value is not determined by what others decide for you. There's a word that used quite often in our society that we really don't use anymore. And when it is used, it's usually just used in a way that's not really in regards to what its actual meaning intended to convey. And that's the word pagan. When you read the word pagan today, you don't realize what it's saying. A pagan is somebody who doesn't worship God. It's an ungodly individual. And there is a difference between Christians and those who are regarded as pagan and all. And so we need to remember that pagans are ungodly. People have always used women for their own pleasure. And even today, designers for women seem to sometimes, I don't know how else to say it other than to say it like this. It seems to me that sometimes those who design fashions for women really don't regard them very much because some of the designs that you see that are for women today are anything but attractive. And that's been the way of the world all along. And we need to remember that the teachings of Jesus Christ brought value to women because they were awakened to the fact that they belonged to God, that women who are saved are children of God. And they're no longer to be simply used and then discarded. Because in Christ, women gained individual standing as well as their understanding of their own personal value through Him. And that's something that did not occur in the pagan world. As much as people like to say that Christianity is oppressive, we need to remember historically that Christianity gave women full status before God, equality of personhood, which you did not have 2,000 years ago. Women 2,000 years ago in various echelons of the society during the time of Christ, Roman, Greek, and Jewish did not have the value in the Roman and Greek especially society and didn't have the heightened value in the Jewish society that Christ gave to them when they got saved. Romans looked at women as basically being simply under the possession of their father who basically owned them. He had the right of life and death in regard to his wife and all in the Greeks. Well, the Greeks during the time of the writing, the Greeks looked at women as being divided into a couple of categories. One was if I was a married man, I had a wife who would bear my legitimate children, but I would have a woman on the side that was intended to give me pleasure. For a Jewish woman, the idea of her ever yielding up her Jewish faith for Christianity was unheard of. And for a woman at that time to actually say, I'm going to come and follow Christ was a very courageous thing to do. And on all of this, the pagans did not regard women whatsoever. So when Christ came, he gave women a sense of who they truly are, their daughters of the King. In Galatians 3 28, Paul said, there is neither Jew nor Greek, slave nor free, male nor female, for you are all one in Christ Jesus. And so that was revolutionary. And as a woman of God, the most important concern for her was that she be a vessel of honor. And so Paul's point is, don't draw attention to yourself in any way that dishonors the Lord. And that would include he's saying the way that you dress. You're to worship God properly. That includes your attitude as well as your manner of dress. And so women dress in decent fashion. And he's saying you're not to draw undue attention to yourself because that honors God. And not only that, if you're married, that honors your husband. And as a believer, that honors the church, the body of Christ. So don't cause any to stumble by your outward appearance. Do not stumble. Males, he's saying, be careful not to stumble females. Because the manner in which a woman dresses can encourage stumbling. So men are wired differently than women. You all know that, obviously. I'm saying something that everybody knows, even though today there's an awful lot of argument to the contrary. There are a lot of people arguing today saying, no, no, women and men are actually wired exactly the same. And it's society that determines the way we respond as either male or female. And there's really no difference. I can still remember when my daughters were young and were growing up and becoming more mature as young ladies, that I would say to them, be aware of the fact that the way that you dress can cause men to respond in a way that's not proper towards you. Be aware of that. And my girls being as wise as they were had to instruct their father how out of touch I am and out of step I am.  And I said, yeah, right. So do you think you'll learn? Because we are different, obviously. And I don't even know why. And I am taking time to say this because today our society is so absolutely confused about this. Men are visually stimulated. Men see differently than women. If a woman came walking in here right now wearing a bathing suit, the women would be looking at her differently than the men I guarantee you. I just guarantee you.  And so years ago, back in 1975, I had an opportunity to go to Europe for three months. It was just before I married Marie. And so before I went to Europe, I spent three months backpacking. I went through several countries. I went to Germany and Holland. I went through Belgium, England, France, Spain, Austria, Switzerland, Italy, Greece, Yugoslavia. I was gone for three months and I was backpacking through all these countries and joined myself. And so I told Marie before I left, I said, you need to know something. When I come home, I'm going to break up with you. I told her that because, see, when I get jet lagged, I can be depressed. I can become depressed. And first thing I start doing is I'll just throw things off that I don't have time for. And I told that to Marie. I said, you need to know this. When I come home, I am going to break up with you. Do not be surprised because when I go and I travel and I get jet lagged, it just affects me that way. So she goes, okay. So I'm gone for three months. I come back and I see her. I go to church with her. And then I say, I'm breaking up with her.  Marie, yes. I'm coming to see you tomorrow. Okay. I go there to break up because I'm going to, that's it. I've had it. I'm tired. I don't need it. So I, I break up with this church every time I travel. No. So I, so I go to her house and I lived in Norwalk at that time and she lived out here in Ontario. I still remember driving my 65 Volkswagen, driving here to Ontario, just up the street. And I pulled over and I, in my mind, breaking up with her. I knock on the door. She opens the door. She's wearing an orange top, jeans, platforms.   Men are visually stimulated. I thought with my eyes at that moment, I thought, no, no, no, no, no, no, no.  Slap, slap, you know, wake up, Jack. But it's true. And, you know, but a lot of women don't seem to understand this. As a matter of fact, I've heard this so many times. They'll say things like, well, you know what, that's your problem. You know, if you have problems and things like that, it's your problem. Well, on the one hand, we need to remember that we as men, that we men, we have to make decisions to keep our eyes on the right things. We are responsible for our own thought life. There's no doubt about that. Who would argue to the opposite? I am responsible. I can decide whether I'm going to allow what I see to provoke me to improper things. Job 31 verse 1 says it like this, I've made a covenant with my eyes. Why then should I look upon a young woman? I've made a decision that I will view them in the proper way at all. I will treat young women like sisters. I will have the right attitude. Yeah, it requires that in me. And it is an act of love for others when I consider how I'm treating them. And yet on the other hand, there are those who say things to us like, well, you know, it's your problem. Some will say, well, young ladies have said this. So what if they say that the way I dress bothers them? Why should I worry about what somebody else feels? And then they'll say things like, well, that's their problem. And I see that quite often. I see that often. It's posted very often on some of the Facebook posts and the various other posts. It's posted. It's their problem. If they don't like it, that's their problem. Is that the way that Christians are to speak and to believe about other people, though? And the answer to that is obviously no. I can't live my life based on how people think I should look. That's true. Over the years, I've had people say things to me. I don't like your hair. I don't like the way you dress. I understand that people have preferences and all. And I think everybody's pretty much got a right to their opinion, and that's okay. For a while there, there were people wondering if I dye my hair because my beard is white. And so I was getting my hair cut at where I get my hair done. Hair cut. Can tell I talked to Marie a lot where I get my hair cut.  I wonder how many of you know Ken Graves or know of him? Ken Graves, man's man, Ken Graves, right? I saw him just three weeks ago, two or three weeks ago. Ken Graves. He's from Bangor, Maine. And he's a man's man. And he walks up to me and he says, your hair looks real. And I said, what? He said, yeah, he said, good job, your hair looks real. And I smiled at him and I said, listen, I was at a shop. One of the ladies there who comes to our church went up to my barber and asked him, tell me, does he or doesn't he? And my barber said, no, he doesn't. So no, I don't dye my hair. Why is my beard white and my hair dark? I don't care, but God knows why. I don't know. It just is.  They're taking notes right now. He doesn't dye his hair. So I told that to Ken and he says, good man, good man. What business is it of yards? The other time I hear anyway, you wear girls pants. But anyway, um, does that matter?  That's true. But when I get the attitude that it doesn't matter whether I stumble somebody, that's not good. The Bible makes it very clear in Romans 14, verse 13, make up your mind not to put any stumbling block or obstacle in your brother's way. 1 Corinthians 8, verse 12, when you thus sin against the brethren and wound their weak conscience, use sin against Christ, Romans 15, 3, even Christ did not please himself. And so on the one hand, we should live in such a way that we don't intentionally stumble others. And on the other hand, we need to be sensitive to the feelings of those that we may stumble. And again with Ken, he's a dear friend of mine and I'm teasing about him. But you know, those are things that you talk about sometimes because people wonder about those things, you know. In the context of this, aggressive sexuality and immodesty, Paul is saying is not pleasing to God. Why? Well, God prizes virtue. He prizes modesty and purity because those qualities are both beautiful as well as edifying. In Proverbs 12, verse 4, a virtuous woman is a crown to her husband. And she that makes ashamed is as rotten as in his bones. Proverbs 31, 10, who can find a virtuous woman for her price is far above rubies. So how is a woman to dress if she's to be pleasing to the Lord? Verse 9, once again, with propriety, which speaks of, again, reserve that keeps one within the bounds of decency and moderation, a soundness of mind, self-control or sobriety. What is he saying? He's saying, do not get caught up with extreme forms of current fashion. That's why in verse 9 he says, in propriety and moderation, not with braided hair or gold or pearls or costly clothing, you're not to go out of your way to draw undue attention to yourself. Often clothing is intended to flaunt beauty, your body, your wealth, or simply glorify yourself. And so the point he's making, you'll see this more clearly in a moment, is the preoccupation of the believer must be their spiritual condition and not only the outward. In 1 Peter 3, verses 3 and 4, it says your beauty should not come from outward adornment, such as braided hair and the wearing of gold jewelry and fine clothes. Instead, it should be that of your inner self, the unfading beauty of a gentle and quiet spirit, which is of great worth in God's sight. Rather than working simply on the outside, he's saying, cultivate that inner person because that's what God is most greatly pleased with. Again, during the time of the writing, very often Greek women didn't have anything to do because their husband kept them at home. And so they would play dress-up, if you will. They would braid their hair, they'd put on gold and various things like that because their value was basically on the outer. And Peter is saying, no, cultivate the inner person. You see, again, there's nothing sinful about taking care of yourself. There is a benefit in having health and exercising and dressing attractively. That's not bad. But it's also done with the knowledge that we have, what I call an expiration date. We need to be aware of the fact that one of these days, and it's not that long for any of us, will be before the Lord. And therefore, that's why we cultivate the inner person. In 1 Timothy 4, 7 and 8, it says reject profane and old wives fables. Exercise yourself toward godliness. Bodily exercise profits a little. But godliness is profitable for all things, having promise of the life that now is and of that which is to come.  Modern society has elevated fashion and looks, though, to the point of idolatry. Advertisers encourage immodesty and unwise spending. And designers often create clothing that is intended to flaunt specific body parts. I looked up some of the runway models, some of the clothing that runway models sometimes are wearing. And because very often their design is being used to encourage women to dress in a certain way. And sometimes the runway models and the clothing is actually sad to see. It's comical as a matter of fact, I have in that pretty, they're gorgeous and they're so happy. They're always what she's doing is she's looking at food. I like her eyebrows. And these are the models. These are models. I mean, there's so many. There's, there's, you can actually look up just runway models and get all kinds of interesting things. And the sad thing is that that is what is being used today in many ways as models for you ladies.  And so a Christian woman is to flee temptation like this. If she's single, she should dress modestly because it expresses her moral purity. If she's married, she should reserve her beauty for her husband and reject the desire to attract other men's attention or other women's envy because she's totally committed to her husband alone. And dressing in a sexually provocative way will violate the purpose of even coming to church in the first place. So how are you to dress again? Verse 10, that which is proper for women, professing godliness with good works. So it isn't proper for women professing to be believers to call attention to themselves. It makes no sense if they say they are seeking heaven but are attached to the world. So they are to adorn themselves with godliness. He says, as well as good works, godliness, well, that speaks of your reverence to the Lord. Good works refers to the manner of life that is openly in pursuit of pleasing the Lord. And so he says, if you want to dress in act, when you're coming to church, and I'll make sure that you dress like this, godliness and good works. Now he moves on into some proper things related to church service.  I do not permit a woman to teach or to have authority over a man, but to be in silence. For Adam was formed first, then Eve. Adam was not deceived, but the woman being deceived fell into transgression. Nevertheless, she will be saved in childbearing if they continue in faith, love, and holiness with self-control. And so this again is dealing with order in the church. And notice verse 11, let a woman learn in silence with all submission. So learning should be done attentively with a heart of obedience that the result may be holiness. Now I want to say this quickly. This is not directed towards a surrender of mind and conscience. Ladies, it is not the abandonment of the duty of private judgment, it's been said. Silence refers to her not asking questions during the teaching of the Word. She's free in Christ, but she's not to interrupt the teaching in any way. In 1 Corinthians 14, 33 through 35, Paul said, God is not a God of disorder, but a peace. As in all the congregations of the saints, women should remain silent in the churches. They're not allowed to speak, but must be in submission as the law says. If they want to inquire about something, they should ask their own husbands at home for a disgrace. It's disgraceful for a woman to speak in the church. What is he saying? Well, and we'll look at this in a little more depth. During that time, you have women who would be seated on one side, men who would be seated on another in congregations very often, and the teacher would be given the Word and it would cause the wife to be wondering what it meant, and she may speak across the isles to the husband during the service and interrupt the service, interrupt the teaching. That's why he says that if she has a question, she shouldn't ask it during church. She should ask her husband at home. Well, the husband is supposed to be equipped to be able to answer her questions, which once again puts that responsibility on me. I have the responsibility to be able to answer the questions that my wife may have. That's why I should be in the Word. That's why I should be in prayer. That's why I should be in fellowship with like-minded men so that I can be growing in my faith, so that if my wife is also pursuing the Lord, she can ask me a question. Perhaps she heard something said during the study and she get at home. She can say, by the way, Pastor said this and I didn't get it. Can you explain it to me? And a husband should be able to do so. Now, if he can't do it at that time, then he has the responsibility to get the answer for her because he has a spiritual question. And so during the church services, the woman sometimes may speak across the aisle saying, what did he mean by that? And he's saying she shouldn't be speaking at all. She's to learn in silence. If she has a question, she had asked her husband when they go home. What he's talking about though is that also is that this is to be noticed with all submission. That's a warning against the usurpation of authority. As a member of the church, he's saying she's to submit to proper biblical authority. That's why in verse 12, he says, I do not permit a woman to teach or to have authority over a man, but to be in silence. Now, again, this is in public ministry. The church is assembled. He says she's not to usurp. She's not to act on her own authority. She's not to exercise dominion over someone. He's saying women are to submit to rightly constituted church authority. They're not to be placed in a spiritual authority over the church. They're not to officiate as a pastoral teacher in a congregation of believers. Obviously, this doesn't forbid women from instructing from God's Word. All you need to do is look at Timothy himself, because Timothy came to faith in Christ through the influence of his mother and grandmother. In 2 Timothy 1, verse 5, Paul said, When I call to remembrance the genuine faith that is in you, which dwelt first in your grandmother Lois and your mother Eunice, and I'm persuaded, is in you also. And then he says in chapter 3, verse 15, he said from childhood you, Timothy, you have known the holy scriptures which are able to make you wise for salvation through faith, which is in Christ Jesus. So Timothy had a godly mother and godly grandmother. They gave him the scriptures. So he's not saying that a woman cannot communicate the truth of God. Women do teach. They teach other women. They teach children. They teach at conferences sometimes, seminars, college courses, various classes. We'll see this next week if you women come back. But he gives the qualifications of an elder in chapter 3, after speaking concerning the women's role in chapter 2. And you do not see in chapter 3 any qualifications that relate to a woman. These are qualifications that pertain to male leadership. So women do have obvious ministry, but not in pastoral services. In worship services, when a woman is communicating, she does so under the covering of male leadership. Male leadership in Scripture is the norm. And women have roles, but they're not to compete. She's not to, as he says, usurp authority over the man. She's not to assume a role of spiritual leader over a congregation. I was in the Philippines. We used to have radio ministry in the Philippine Islands. And our radio ministry was in, it was broadcast out of Manila, Philippines. And so on a few occasions, I took teams to the Philippines and I did radio rallies with other Calvary Chapel ministries. And I can still remember being in Manila on one occasion. And I taught main seminars. And then we had what are called breakout sessions. And so in the breakout session, I was sharing. And I was sharing out of this passage and the Filipino pastors and their wives were there in the breakout session. And so there were women and men that were gathered together. There were maybe 60 to 80 in attendance in this one particular session. And I was just teaching about these things. And the men began to snicker when I said that women do not have the role as a pastor in the church. They began to actually snicker. And you can see, as I'm teaching the right in front of me, the men are looking at one another. And I haven't got a clue. This was in the 90s. I had, didn't have a clue why they were doing that until we had the question and answer period. And so when we had the question and answer period, I said, are there any questions you'd like to ask pertaining to what we're looking at? The first person who stood up was a lady. I still remember her clearing her throat. And I remember seeing the men looking at one another when she did that. And she introduced herself to me by saying, my name is, we'll say, Eunice Flores. I am pastor Eunice Flores. So she wanted to argue. So I looked for Marie. No. No. Mommy, help. So I, so I said, Oh, really? And the guys are snickering. And she says to me, I would have you know that in the Philippines, men, this is her, I'm quoting what she said, as I remember, as accurately as possible. Men in the Philippines do not take leadership roles. She says, so the women have had to rise to do so. She says in churches throughout the Philippines, there are pastors who are women because the men will not rise and teach. So I have had to stand up and I have had to become a pastor because the men in the congregation will not lead. And I'm looking at the men. And, and so I said, so Eunice, what you're saying to me is that the scriptures are not supposed to alter culture, but culture is supposed to alter scripture. What you're saying to me is because man's weakness, because of man's weakness, women are now in authority. I said, is that what you're saying? Because as we look at the scriptures, the scriptures say that the man is to lead and the woman is to be in submission with silence. And the Bible doesn't say that the woman has the authority, but that the man has been vested with it. Not just because a man is not enacting the role that God gave to him, does not say that scriptures are wrong. It says your society is wrong. And it says that the men should stand up and take the lead. But you don't alter your your biblical understanding based on human frailty and sin. And we're doing that right now, by the way, here in the United States. Did you know that right now in seminary, there are more women studying to become pastors than men? Did you know that? That men who should be leading are not and women who have not been called to hold the office of pastor that they're studying and going to seminary in order to be pastors? Did you know that? It's true. And there are different denominations that are yielding to that trend, rather than saying, Hey men, why don't we do what God called us to do? Now this is not to knock men and this is not to knock women. What we're supposed to do though, wouldn't you say, is what God says in his word. And what God says in his word is that men are to lead and the women have a support role they can do so many things. I'll show you this in a minute that are tremendously important. Well, when it comes to the role of pastor in a church, that's God has called men to do that. God has called men to do that. That's what we're called to do. And it's that's what he's presenting to us. He's saying that the male leadership is the norm. Why? Well, verse 13, he says Adam was formed first and then Eve. Adam wasn't deceived, but the woman being deceived fell into transgression. So he says that Adam was formed first to finalize this argument. He actually is appealing to the authority of Scripture and refers to the priority of creation. Adam was created first in order to have biblical headship. He says that again in 1 Corinthians 11, eight and nine, he said the man is not of the woman, but the woman of the man. Neither was the man created for the woman, the woman for the man. He's going to priority of creation. God created Adam that took the rib and created from the rib Eve. That's what he's speaking about the priority of creation. He was not made for her. She was made as a help that was suitable for him. Therefore, she being made for him is not to usurp authority over him. He says, and he says Adam was not deceived. The woman being deceived fell into transgression. In 2 Corinthians 11, 3, he says this, Paul said, I'm afraid that just as Eve was deceived by the serpent's cunning, your minds may somehow be led astray from your sincere and pure devotion to Christ. She was deceived. She was hoodwinked. She was completely beguiled. She was taken. And that's what he's saying in verse 14 here. Adam was not deceived, but the woman being deceived. She was deceived. In Romans 5, 12, wherefore as by one man sin entered into the world, death by sin, death passed upon all men, all have sinned. Man is the federal head. The sin nature comes from man because man voluntarily made the choice to succumb to taking of that forbidden fruit. Someone said Adam and Eve both sinned, but Adam was not deceived He sinned aware of the magnitude of the sin he was voluntarily committing. Eve, on the other hand, was completely and thoroughly deceived. She succumbed to the serpent's deceit. So since she was so easily deceived, she's not to be a pastor teacher. Again, this doesn't mean that women have no ministry in church. The women minister in every way possible, but they're not the pastor. One of the key ministries is found in Titus 2, verses 3 through 5, where older women teach the younger how to live godly lives. He said in Titus 2, 3 through 5, likewise teach the older women to be reverent in the way they live, not to be slanderers addicted to much wine, but to teach what is good. He said that the older women are to admonish young women to love their husbands, love their children, be discreet, chased, homemakers, good, obedient to their husbands, that the Word of God may not be blasphemed. Women have tremendous ministry. Here in our fellowship, we have women who actually minister to other women.  That happens all the time. We have great women's ministry, as some of you ladies partake in and know, where you grow in the ways of the Lord. Women have tremendous ministry. They're not called the pastor. He goes on finally in verse 15, nevertheless, she will be saved in childbearing if they continue in faith, love, and holiness with self-control. Now that's mysterious. In many ways, it's like, what are you talking about? She's going to be saved in childbearing. Well, in childbirth, a woman remembers the curse and she as a believer could even think that she's lost. Why? Because the curse found in Genesis 3.16 reads to the woman, he said, I will greatly increase your pains in childbearing. With pain, you will give birth to children. Your desire will be to your husband. He will rule over you. You're going to, in birth, you're going to have pain. I don't care. I've said this before. I'm going to repeat myself. Forgive me. I don't care if it's the Lamas, Ha, Ha, He, He, Who, Who. It all ends up with one word, Ow, Ow. My sister, my sister Madeline was teaching ladies to have childbirth in a particular way. I forgot whether they were in bath tubs or whatever. I went through Lamas classes to try and help my wife and all. It didn't work. She crushed my hand. She squeezed it so hard. I always went going, Ha, Ha, Who. As she was breaking my fingers. It's a reminder. In pain, you're going to be giving birth. And so a Christian woman going through the birth pains could be thinking, perhaps I'm not saved because the curse that God had given in Genesis 3.16 seems to be being affecting me right now. And so he says, no, wait a minute. You need to remember that though you experience pain, the pain doesn't represent a break of relationship with God any longer. It's just a matter of natural fact that you're going to have pain. But also you can remember that Messiah was brought forth through a woman in order to remove that curse. Someone said those sin and sorrow and childbirth came in by the woman. Yet by a woman's childbearing, a savior came into the world. And so women may be saved as well as the men by Christ. And Jesus, of course, being born to a woman by the name of Mary. So how is a woman supposed to dress in church? Moderation, godliness, good works, remembering that she came to church, not a fashion show, but she came to church to worship the Lord and to enjoy Him. It's so simple, but it bears repetition, especially in this hour day. That modesty is a good thing. It's pleasing to the Lord.


My bad, we don't drug test here. What we do, but we only hire the people that fail.  You're not hired. You're not hired. You're not, yeah, yeah, yeah, yeah. Yeah, you're not worth it. Like, hold on, do you do drugs? Yeah, well, we don't want you around.        You just want that girl touching on you. She think I give about, I think she coming back around.  Good luck. We been in the trap for a little minute and I've been wanting to do some redecorating. About time. You know, it's time to elevate. This ain't even mine, so I ain't worried about this.    That's dope. I don't know why though. I'm charging this big rent. This small house with big rent. That's how I'm living though. But I got somebody in here with us today that's gonna really help us figure all this out, bro. Our design problems are no more. No more. But before we do that, you know what? I don't like to go to work unless people know that it's, you know, the black market is open. That's all the bell symbolizes. Welcome to the black market once again. I got my man Rich Reed in here from Rich Designs. Rich, welcome. Thank you. Appreciate it. Welcome. Thank you. This couch is comfortable now. That couch makes dreams come true. We have, every time we have somebody on that couch, we always tell them to make a wish. Because it comes true. Prosperity for everybody. Yeah. Property and prosperity. There you go. That couch is blessed by the best. There you go. We had a voodoo lady come through.  What's up, man? What's been going on? Man, just working and making dreams come true for people who want homes, communities, and commercial properties. Bruh, check this out. You thought I was bullshitting when I told you before we got started. Now that everybody's here, tell them that we've had people come through here bringing up his work already. Rich Designs. Man, that's a fact. That's a fact. Your work already precedes it, so how did this stuff come about? Real talk, getting tired of making money for other people. I love that idea. Make some money for yourself. That's what we're pushing in. Yeah, in black ownership. Yep. One more time. One more time. The word black ownership scares people so much.  I don't know what that's about. And sometimes it's an uphill battle, but you gotta persevere and keep going. Right. I've worked for major, major firms, huge firms. I've been practicing for over 15 years, and it was time to step out. Right. It was time to make the leap and say, I'm gonna dedicate my time and effort to specific people in our community, and in Atlanta specifically, city of Atlanta and outside of that, and make dreams come true, and make them feel as if they have a handing in design process. Not only just design it for them, but they're really integral in the whole process. Like a lot of my clients are really close friends of mine now. You know what I mean? That's how integrated I put the design within them, you know? 15 years in the business, give me some of your favorite designs that you've done.  You see this? Ain't no edges on this. Yeah, we don't cut corners. They don't edges on this. Shoot, I've designed a brewery in Kennesaw, horned out brewery. Designed homes on 184 in Kirkwood, Clay Street. Four houses, they're all in a row. So you can go down there and look at them. They're all modern homes. I've done historic homes. I got permission to say this from her. It's the first house of a boulevard right across the street from the BP in Grant Park, City of Atlanta. Total redo of her house. That's you. That's me. Sits on a hill. Can't miss it, first house on there. So yeah, those are the ones right now that I can say, you know, that's dope. That's what's up, man. Did some of your work right here? This is some of my work. That's the brewery in Kennesaw right there. That was adaptive reuse. That was nothing, it didn't look anything like that. It was just an empty space, a brick. So I added on to it and the inside is just crazy. It's mainly up to center. And I see you got some articles over here. Yeah, a couple articles I was written about me as being an entrepreneur here in Atlanta and making a difference in the city and the city landscape and fabric. And so yeah. So what's going on with the industry right now? I know once COVID hit, ran the price of everything up. Yeah, lead times were slow. The prices were going up. But now we're seeing it come back down. We won't get that effect. So don't go to Home Depot and think you're gonna get wood cheap. It's gonna hit a little bit later. But the prices are now finally coming down. Lead times are coming down. Usually I would have a lead time of six months or more. Now it's gonna be like three or four months. So we're seeing things come down now. So yeah. The construction is not stopping though. What's new in construction though? You're the whole architect and all that. Man, I remember the whole downtown fabric has changed over time. I remember when Buckhead wasn't Buckhead now. I remember they had the clubs and then they tore it all down and then it's now. So Atlanta is constantly growing. Constantly growing. To the point where we got fine space for stuff for the high rises in the multifamily and all that good stuff. But it's never gonna stop. So yeah. What we need to be looking forward to though, in the future. What they about to start putting in houses, man? Oh man, everything. It's like college campuses are now hotels. Homes are now like luxury apartments.  And if you hire someone like me, I'm very innovative. So I think of the new stuff. I set the trends. So I don't want you to say go look for something. Come to me and I'll tell you what you want. That's hard. As you see, I easily flip that. Like don't go looking for the new. I got it. Yeah, I have it. Just hire me. I got you covered. Yup. And a lot of people don't know what it's like to work for architect. And that's why I started my own studio. It's because I hand hold my clients. I walk them through the entire process. So any questions, text me, call me, email me. I'm quick to respond and I'll let you know what is necessary from design, going through the city permits. I have relationships with everybody in the city of Atlanta and other jurisdictions. So you don't have to go and deal with that. I have an entire team of mechanical, electrical, employment, engineers. I have a contractor on board that's trustworthy because a lot of people don't like dealing with contractors straight up. So I kill all that lead for you. Right. It's a one stop shop. Okay, so we get this, the whole point of this platform is to bring people in from different industries and things like that.  So we got to get some game from a 15 year veteran in this industry. What advice are you giving to young black architects and designers and things of that nature who are coming up in the industry behind you?  Learn from other people and keep an open mind and stay persistent. If you want to become an architect, it's possible.  Don't let them do it. What kind of game did you pick up working for the big firm? What not to do?  The good?  Did you be like, okay, I see why this works for them? Yeah, business. Learning the business of architecture because they stayed in business for a reason and it's not me and us. So I learned how to deal with the money, all the things that's behind the scenes. How do you deal with the money? We have good contracts. You got to know your contracts and then have revenue to back up each project. You know what I mean? You'll be fine if you can keep your client within their budget. Once you get to see that, then you're going to burn. You're going to burn through fees easily, easily. So you got to know the money and keep to a budget period, you know? You can be very, very creative with limited resources is what you do with it. Yeah, that's what pushes the creativity. Yeah. That's what you do with it. The limited resources. That's dope, man. What can they reach out to you and start their projects through Rich? Oh, man. RichDesign.Studio is my website, not .com or .net. It's RichDesign.Studio, social media. That means he own that. It ain't .com, I mean, .studio. Instagram, Rich Reid, studios. It's easy to find out. Heavy presence on the social media platform and then Facebook, Rich Reid. I'm about to get on you because of that. Should I give up my phone number because they can hit me up directly on, you know? Nah, this show go crazy.  I already told you the projects. I need them already. I got you. Do it. Anything you want to leave them with? Just hit me up. Your projects is in good hands with me. Our team will give you a good service for a good price. And have a real dope design. And it doesn't matter if it's adaptive reuse, commercial, residential, it doesn't matter. Or ground up, we do it all. And we have an entire team that can service everybody's needs. Hold on, you ought to put it in here. I'm tripping. But yeah, man, keep doing good work. I told you, your word is already out in the streets, man, people talking about what you got going on. And yeah, we'll get a project in and we'll post it on here. And people will be like, Rich Reed did that. Yeah, that'll be hard, man. But we appreciate you stopping through the black market. Drop everything for them one more time so they can hit you. Instagram, richdesign.studio. Website, it's richdesign.studio as well. Facebook, just look up Rich Reed. And yeah, I'll get back with you. Well, J-O-N, there you have it. Give me your number, bro, because I definitely need my project started. Right here on the black market, making it happen in the black way. 85 South Shelf Black Market, Rich Reed Designs. What cat? Oh, you want me to... Yeah. It's still over, cat.


Very good morning. Hope everyone had a fantastic weekend Monday, the 9th of September. As per usual, Monday morning, this is very much a look ahead for the week, as you can see to the side of me. This is the kind of economic calendar of highlights, inclusive then of data, meetings. I generally include everything on here, so any political things that are going on, like the propagation of UK Parliament, which is expected to happen this week, so we're going to talk plenty about Brexit over the next few minutes. But then I'll hand you over to Sam, so I'm going to spend very little time actually looking at the charts. From a technical perspective, I'll leave that to him to go over in more detail, generally what we do as a tandem. I'll pretty much take all of the technical analysis from last week off the charts and let him just start afresh so he can talk through as he's doing it and why he's doing it when Sam comes on in a moment. But looking at the charts this morning, the currency markets, the dollar index is pretty flat overall, but some slight softness seen in the major pairs, particularly cable, and I think rightly so, given the movement that we saw last week, I mean, we had such a decent run-up in cable after we had the passage, if you like, or we are awaiting the Royal Ascent, of course, today, but that bill going through the lower house of Parliament and then the upper house for confirmation of the fact that Brexit could well be delayed until January of next year. And so a bit of profit-taking coming in. There's plenty of news and more resignations that have come from Cabinet members over the weekend, which we'll have a look at. Otherwise elsewhere, gold pretty flat, reflective really of just generally the news that's come out over the weekend, which has been relatively light. The Asia-Pacific session was slightly positive after we had confirmation at the end of last week that China had once again cut the reserve requirement, the triple R ratio, that helping release some liquidity in the system to help offset what was some weak trade data that was seen over the weekend. So if you're looking at the centre charts here in the future space, the DAX, NASDAQ and S&P 500 futures all seen moderately higher this morning. S&P, of course, in a pretty tight range, just finding some resistance up and around the range higher that was restricting some of the price section towards the end of last week. T-notes consequently down a touch about six ticks and oil up about 64 cents. A couple of news items there also to be aware of ahead of the joint ministerial monitoring committee meeting happening in Abu Dhabi later this week on Thursday. So let's jump straight into the news and we will circle back round to this calendar in a second but I did briefly mention China. So this is what happened. End of last week, we had Beijing cut the triple R, China cuts its bank reserve ratio freeing up $126 billion for loans as the economy has slowed. So this not really coming as a great surprise trying to remember now. I think this is possibly the ninth cut to the triple R seen since the onset of the last few years, let's say. And so it's just in fitting with the pledge that they've made in order to do essentially whatever it takes to mitigate the downturn that's been clearly evident from the global slow down emanating particularly from the stress on their economy from the ongoing trade war. The onshore Yuan falls Shanghai shares were up about 0.4% and we also did see at the weekend China's August exports unexpectedly shrunk of course US shipments slumped. So again, just giving further or warranting the action of why they did what they did at the end of last week. So that was kind of led the slight risk on tone to this morning, but it's nowhere near a kind of a runaway sentiment I would say. So fairly neutral overall. So I'll still be keeping an eye on the XC markets. I think they'll probably settle here until the US come in to be quite honest. Couple of big things coming up on the calendar of course later on in the week. This does come though in the bigger picture of things with the non-farm payroll report. We obviously saw no real sustained impact from that, but a weaker headline than expected. And of course then this all lining us up quite nicely for the interest rate decision to come from the Federal Reserve, which is going to be next week on Wednesday of course. One thing though is that as far as markets are concerned we are still expecting a cut of 25, not 50 basis points at this point, but the ECB looking to lower interest rates this week. You've got the Bank of Japan last week talking about the idea of they'd be interested in talking about this idea of going for the negative rates. You've got the Fed looking to cut rates along with their guidance that they're gonna reissue next week and you've got China cutting the triple R. So despite the overall global concerns that there are we remain in this phase that as long as central banks globally coordinate and remain in this accommodative stance for the moment it seems to be enough to keep sentiment just ticking over for the time being. Enough of that though, let's get straight into on this weekly calendar. You can see one of the main things here I've highlighted in bold and underline is the potential commencement of the prorogation of UK Parliament. So of course this was the one that was passed at the end of August, surprisingly by Boris Johnson, but it does mean that as soon as today Parliament could be prorogued or will happen in the coming days, certainly by the end of the week that will be underway, not to reopen then until we get the official Queen's speech I think on October 14th. And so hence the reason why we've had so much action of Brexit headlines over the last week or so, given that move and strategy by Boris Johnson. So what have we got to look out for? Well today Parliament obviously reopens. Prime Minister Boris Johnson sticking to his Brexit plan will seek to delay or will not seek a extension or any delay to Britain departures from the European Union. This of course though could go against him in terms of legal law being passed in a royal assent from the Queen later today. And so if he does not abide by that, well he is in effect breaking the law. So what that has meant is that this was leaked in the Times newspaper from overnight. Boris Johnson is in retreat over delay on Brexit. So apparently here he is looking. I love the photos that they managed to catch of these guys. But Boris Johnson has signalled to cabinet ministers that the government will have to accept a further three months delay to Brexit if it is forced on him by the courts. Now to be clear what happens here is having gone through the house lower and upper it now goes to the Queen. Now the Queen does actually carry some powers of rights to veto certain things. So technically speaking, the Queen might not give the royal assent and therefore it's game on again for Boris Johnson. And I would say if that were to be the case and that materialized the Queen not giving her assent then the pound would drop pretty dramatically today because we'll go into propagation and then the risk of no deal is right back on the table. Now what's the probability of that happening?  Now there are two things that she must consider in order that was going to be a change of mind. One is if she feels as though that there was a mistake on the actual law of which has passed so far seen by her judgment that one is seen as absolutely no way that would happen because the remainers, let's say have done a very good and solid job at making sure that wording appeases all the necessary legal requirements. The other one is that she can take advice from ministers. And over the weekend of course, Boris Johnson was said to have been in conversations with the Queen. Now could he say the fact that he's had to expel 21 of his Tory members because they're not following through with what he's saying? Could he say that the fact that the opposition have failed to call a vote of no confidence in his government, the opposition have failed to adhere to the Prime Minister's request to have a general election? That means then that really the Queen should vote this down. Well there's some of the reasons why she could go off the Prime Minister's reasoning and judgment. However, I would say it's highly unlikely that that's to be the case. I think the Queen will want to steer completely clear of any direct involvement politically in getting tied up into any of this. And I do very much expect that this will just go through as per the plan. Brexit then is delayed as per law, which means the PM would be breaking that if that were the case. So what does that mean? Well today actually when Parliament reopens Boris actually is going to call for a general election again. That again will get voted or will not get the relevant backing of 2,000 majority of Parliament. So instead of it being a quest for a general election I would see it more as a political opportunity for the existing government and Boris Johnson to bash the opposition for not committing so far. But as we know, does this mean a general election's not going to happen even though Brexit now technically, potentially by the end of the day will be delayed? Well no, because Jeremy Corbyn already said last week that as long as this goes into law, the delay, then he would back the call for a general election. So it's not a matter of if but when more so that the general election will inevitably take place over the coming weeks or months at some point. Now, a few other things to be aware of. This is, well let's just jump back to here. One of the other news headlines you probably saw was that Amber Rudd has quit Boris Johnson's cabinet. She was the Works and Pensions Secretary. She said the government was having no formal negotiations with the EU about a new deal, only conversations. She in fact said that 80 to 90% of Brexit work being done was spent preparing for a no deal. So obviously from her point of view, being someone who originally backed a remain vote, she's kind of saying that, well, we're supposed to be an open party reflective of the different political views, the fact that you've had to expel 21 Tory ministers and the fact that you're not really seriously looking to make any headway on Brexit because 80 to 90% of the time is being spent preparing for no deal, not negotiation, her position was untenable, she said. And so she has resigned. This of course comes a week after his own brother, Joe Johnson has resigned, but he still has his faithful allegiance with Dominic Rab, Seji Javid sticking up for him, both coming out saying that they're still following the government's plan and they must stick to that plan for the moment. So yeah, couple of different things going on. The pound backing off a little bit this morning, but I'd say it's already down to his S2 on the daily pivots. Yeah, this is more, I would say a bit of profit-taking. I think the run-up last week was a bit overdone, in my opinion, for the current state of play. Potentially quite a few shorts getting squeezed after we had that kind of failed breach through the 120 about a week and a half ago. And so just a little bit of downside pressure just coming through. But again, a risk could be the Queen does not give her royal assent to that bill. Was it the Hillary Ben bill that passed? If that were to happen, I would be expecting a big spike lower in sterling. Anything from a point plus, I don't think would be out of the realms for a daily session change. However, I'd assign a probability of the Queen not giving passage to that bill at about anything from one to 5%. So incredibly low if I was to give it that kind of percentage probability. The other thing that Boris is doing today, so you're aware, because you're probably gonna get lots of headlines today on the Northern Irish border, because he is meeting the Irish PM for Radker in Dublin today. What's expected from this? Well, not a great deal. They're having a conversation, of course. But what the Irish PM has said is that nothing is expected to come of today. If there is any deal or compromise to be done, it's more likely to be done when there's that EU summit happening in about a month's time, five weeks' time, ahead of what was or could be the previous deadline of October 31st. So just to point it out, you're gonna get lots of headlines about Northern Ireland and the border, I'm sure, today. Are we gonna get any groundbreaking resolution? The answer to that is no. Okay, other things are, go back to the calendar for a moment. Tuesday, pretty quiet, not really too much going on overall. Some Chinese inflation data, perhaps could be quite interesting. Remember, we've been having quite a divergence between CPI and PPI. PPI obviously weakening, given the state of light we saw at the weekend, a slump in US imports from China has meant the trade has decreased. So PPI naturally decreasing as manufacturing activity has slowed down. On the flip side though, CPI on the consumer side has been spiking because of food prices in particular and pork prices, given what we've had with the likes of, not just trade talks, but the swine flu that's been impacting the pig situation in that region as well. So probably that will continue for the moment. That could be fairly interesting though to have a look at. UK average earnings data, again, takes a bit of a sideshow towards the political stuff that's going on at the moment. Wednesday, again, pretty quiet. We do get the OPEC monthly report, usually monitored by energy traders to just get the latest on the global kind of demand and supply situation, also the adherence to the OPEC compliance levels, of course, and this comes ahead of the joint ministerial meeting happening in Abu Dhabi, which is going to be on Thursday. Now on that point, talking of oil, this happened at the weekend. Not sure if you caught it, but quite a surprise announcement. I didn't remember hearing anything really talking about the fact that Khalid Al-Fali, the former energy minister was going to be dismissed, but that is exactly the case of what's happened. It's not immediately clear why the Saudi King Salman removed Al-Fali, but analysts and officials importantly have said that the decision is unlikely to change the kingdom's oil policy. Now his replacement is actually King Salman's son, Prince Abdul-Laiz, who is a longtime top energy official. And so the point being is here, not expecting too much of any great change in direction to the commitment for Saudi to continue to push for further supply cuts and rollovers of these deals and importantly keeping Russia on side so it's an OPEC plus deal will be key. So oil a little higher this morning, in fitting generally with the correlations with the cross asset class mix this morning. I don't really see this as too much of an issue, but something to just be aware of on the oil side. Back to the calendar, Thursday then is the interesting day and potentially really the highlight of the week. And this is because it's the ECB interest rate decision with the accompanying press conferences call, press conference as well. And I believe you get the latest ECB staff projection. So this is one of the most important meetings for the ECB we've had in a while. Not only is it outgoing for Mario Draghi before he hands the reins over to Christine Lagarde, but we are expecting action from a policy perspective. So what I've done here is I've printed out as we can see here time for shock and awe is the Reuters headline and they've produced here a couple of graphics that will help explain the situation, what's happening in the Euro area. And so first graph here is looking at money market expectations for ECB rates. So it's looking at the Ionia money market curve. So kind of like what we look at typically with the Federal Reserve when we're looking at the FedWatch tool. This is a reflection of a similar thing. So basically this orange line here is the floor here in this area of money market rate expectations. Now what the bottom access is here is a timeline. So you've got everything from basically one month out to 30 year on the far right hand side. And then the right access, you've got the level of the deposit rate facility. So at the moment the deposit rate obviously is here minus 0.4%. The general consensus on the street is for a cut of 10 basis points to 0.5. The Reuters median forecast of depot rate for next quarter and through 2020 is for minus 0.6. So markets are already priced for further cuts beyond what we've already had. And the floor of money market rates is actually down close towards minus 0.7. So just like market positioning for the Fed comparative to their actual central bank communication, i.e. markets always being much more dovishly priced, that's exactly the same case for the ECB. So as far as money market show, we're looking for a trough in Eurozone rates in about three to four years before then the sharp recovery that is anticipated to be seen. As for QE, this encapsulates or everything right from the beginning of the quantitative easing program from the ECB to the unwinding of it to then the fact that QE actively has been stopped ever since the beginning of the year. We are expecting then Draghi's term to end and him to announce this Thursday that QE is set to recommence from October. That means then that potentially we could see the restart happening either then or towards the end of the year as we go into 2020. So we'd be expecting this to pick back up again. This is one of the other reasons why the ECB are feeling as though they need to take action. The red dotted line of course is the ECB's inflation target of 2%. And what we have here are three metrics. You've got the consumer price index and core inflation rate. So both of which reside around 1.1 and 1.2% at the moment. So particularly low. We did see a slight spike in 2018. I'd imagine that was really linked to energy prices. Core inflation remained relatively flat line. This is the one that's been the most headache for the ECB that core inflation for the last three years has gone nowhere. And what we have been seeing amid as well the economic slowdown in the euro area is that the eurozone inflation link swap basically the five year, five year break evens have continued to edge down lower. Meaning that basically further money supply more quantitative easing is needed in order to fuel inflation again particularly if we're going into an economic downturn as well at the moment. And then the final few things here is well what is the situation for total excess reserves of credit institutions subject to minimum reserve requirements in the euro area. And so excess reserves that the ECB saw this coming as of course the ECB wants to liquidate the system for any potential downturn that could be on the horizon given what we've been seeing with the various inversions of the yield curve and so on and comes at a time when eurozone sovereign debt yield heat map. I know this is quite small but essentially if I just zoom this in for one second these are all the countries going from Germany at the top to Greece at the bottom and obviously if you look at this the entire German yield curve is negative. Remember the starting post for German yields obviously much lower given the higher credit quality of its debt whereas Greece obviously the complete opposite end of the spectrum so all of Greek yields being more speculative in nature given their lower credit ratings are much higher but you can see here more than half the board is in negative territory at the moment. So this is one of the key things that a lot of people will be talking about when the ECB meet later. How effective can their quantitative easing program be and the parameters of which they do their purchases at the moment or they need to be tweaked in time. Okay so that's the kind of ECB situation all of that to come of course on Thursday so that is a big one and so if you're thinking about your trades around the euro currency perhaps really as we get closer towards Thursday all the more it's probably gonna sap a lot of market volume and liquidity into that event for then it's such an important one to see what happens next. The bottom line is that as far as Mario Draghi is concerned this is kind of like his farewell meeting. And not only are we expecting action but Draghi seldom has really failed to not deliver in previous historical occasions and we'll be expecting the same thing again this time round. Going through then to finish off the week Thursday US CPI and then Friday US retail sales will be important of course. So that is pretty much it from me. Gonna post this video up onto the YouTube channel later on this morning. If you did have any questions at all about anything we've covered please feel free to leave a comment on the video below. Me and Sam will be happy to answer as we go through the rest of the day otherwise have yourself a good week. Lots of Brexit action likely gonna be front-loaded this week because of the fact that Parliament will be pro-robed this week. And as I've discussed I'm gonna get another call for a general election. That's not gonna happen from Boris Johnson. He's gonna get voted down. Royal Ascent will go in. So all things being equal then that will lead us into this down period where Parliament will be shut until we come back in the middle of October. But it doesn't mean in the interim period there's gonna be lots of news in the time in between. Okay, hand you over to Sam and he can talk over the charts and set up for the week ahead. All right guys, take care. Thanks Sam and hope everyone had a good weekend. I'm just gonna say a shame about England and the cricket but congratulations Australia. And of course Rafa Nadal which I'm sure Anthony is a bit annoyed about as he's getting closer to taking over Roger Federer. But we'll have a quick look over the pound and the euro to begin with. As Ant mentioned likely to be front-loaded in that end for the pound.  So wanna keep a close eye on what happens there. So starting off with the pound and under pressure this morning. And I'm just having a look on the trading platform against some other pairs and there's some good levels coming up on the idea that we can get a bit of a retracement this morning to then get short again. And with the pound you could argue that would be around 122.57 which is well the current or the previous low of the day. Just looking for areas like that that if we were to get any retracement we can just get that continuation. Of course headline risk is something to take into consideration. But at the moment the pound week across the board and euro pound as well is pushing above the R1 which is also coming to a couple of key levels just above where we're trading which we'll have a look at in a moment. In a moment I should say 124 that retest of that multi-year trend line that broke never really got close enough. I think we're about 50 ticks away from that coming in. But for the pound if we can get any retracement on all the pairs that's how I'd really be looking to take that on. Below where we're trading obviously got the low that we had back on Thursday 122.16 which would be the next real support level below where we're trading and 122 on the futures. I just think for optimal entry a retracement to previous lows would be what I'd have marked up. And euro pound here just looking on a four hourly chart you can see if we were to just push a bit higher up we just come back to and yes it is another test but you can see just how good a support point it was previously in August. These lows here are not too far away from coming to test that there 90-23 around that area which of course was good price action point in previous weeks and months as well. So worth keeping an eye on that for the euro and the pound just another retest of that level but considering how good it was a support area you gotta imagine about a headline it would struggle to initially get through that. Euro obviously it's all about Thursday ECB and having a look at this you can see we came to retest on Thursday what was at such a key level. The failure to break and close above there has seen us drip lower and just putting this back onto a 60 minute chart you can just see the importance of the low of the day that we had today as a whole area itself if I just draw a line up there you can see we've also got some lows that we had back on the 4th, the 5th and almost Friday as well so you'd have that as a big zone to have marked up in the week ahead below there and it could well open up and then you would be looking at some of these highs that we had back on the 2nd and 3rd of September so really key support coming in around 110-20. The pivot not too far away from getting tested it's obviously an area to have marked up as you can see just looking at the previous days just how choppy it has been around there it might well be worth and just marking up a bit higher up towards that R1 where you've got some cleaner prior section, 110-59 so maybe with Fridays high to low that's the range to focus on for the week and your lines in the sand of course but we're going forward there so to the downside around 110-20 and 110-59 to the upside as well have a quick look over at US equities which of course have pushed higher after breaking out of that longer term range that upside and we were saying don't want to get long unless we close above there we did on the 5th and when we came back to retest obviously the R1 on that day not quite a 29-45 which is still a very key level for the week but we have continued to push higher since then and I'd say we've got obviously 3,000 to the upside that's an area people will be looking at we are perhaps just running out a bit of momentum just failing to close above those previous highs and you can see here we're almost getting that third test this morning of this trend as well so that around the R1 is a key point today that's as good a line in the sand for before we get to 3,000 that you could want and then obviously to the downside we've perhaps got this new range here where we had the higher from Thursday the lows from Friday around 29-71 as well so a couple key levels this intraday before we get to 3,000 and any test of 29-45 again you could imagine there'd be some good support headline permitting of course the DAX this morning obviously 35 minutes into that opening increase in volume it pushed higher to snap back lower relatively quiet and subdued as an open itself but obviously worth keeping an eye on that and the key level will all be at choppy this morning Friday's high which has been tested already a couple of times as well keeping an eye on where we get slightly higher on the futures at 12,180 and that would be another level to have marked up gold and silver unfortunately if you were well I guess if you've been long for a while you're happy to have taken profit and this move coming lower is probably just a bit of a correction that was needed with the Trump comments on that Thursday you could see that push lower but we are just starting to test these lows a couple of times silver very much similar to gold in this respect we're just knocking on the door again this morning we keep coming down to test this area 15,10 it is on gold and if that is to go I know you've got all the lows about smoothness above the camera from 1502 but 1500 psychologically on the futures will be worth having an eye on there and then of course when could this drop happen not the worst idea and just having a trend line there to see if we can get the third test and then a breakthrough but 15,10 important for the day but also the week perhaps as the last support point before getting down to 1500 to the upside of the pivot is key you can see a decent price action there as well we'll go through obviously some of these levels longer term in the strategy that we go through but certainly for gold and silver in terms of just these lows that keep getting hit over the last few days very important points 18, we almost touched it on the futures this morning but also some key levels around that S1 you can see here from the beginning of the 26 and then we tested it a couple of times before breaking through that would be somewhere to have marked up there but silver not looking too bullish right now as of gold really needs to hold that level quick look over at oil to wrap things up and as I mentioned just drifting higher this morning have settled down a bit and has been drifting down if we put this on that longer term chart it's been tricky I guess to really think about where this market is going to go we had the break of a trend only to sort of snap back on Friday we are now back above that we can just see how messy that has been and we're testing or we tested we say Friday the top end of the 13th of August and now we're sort of in this area where it's I guess you could say but no man's land while the last and including today one, two, three, four days to the upside you feel that 57, 52 really has to break and then the next level has a bit more to go dollar and a half above that around 58, 82 as well so being an important week for oil certainly if we have a look more intraday if we put those pivots on you can see the retest of what has been a chalky trend line anyway would also this time be the morning high from Friday as well so 56, 50 pretty key to the downside and of course R1 and retest of Friday's high an important area as well as usual any questions please do let us know Safe Havens is coming under further pressure this morning the Bund now down 49 T-notes which for the morning a decent move already breaking that pivot as well and gold and silver under pressure keep an eye obviously on those equity markets which aren't really moving as such the Euro up towards that pivot as well that'll be said probably a bit of a choppy area however already any questions as usual please do let us know looks to be a decent week obviously UK the focus to begin before we look at that ECB on the Thursday as we see in some nice US numbers as well to wrap up Thursday and Friday so it should be a decent week ahead hope you all have a good one and I'll catch you all later on


Starting in process welcome everyone it looks like 7.15 6.15 to me What's the computer say? 6.14 6.14 so a lot of talks So we've posted this agenda at three places publicly and on the website and emailed interested parties correct so we can move forward And was it the 12th of September here, and we have a prior meeting minutes from August 22 2022 and I it looked good except I found one correction on page 2 in the middle of the paragraph where I left out that Remediation is not by the property. It should also say owner After that But otherwise it looked good to me anyone else have any corrections? You had something about Arpa funds Was that on that one? Yeah, just that we take out the word maybe because we did use some Arpa funds on that I mean we're going to use Arpa funds. We were going to use all the John's money on that So take out the word some All right, so I've moved to approve second mom favor. All right. Okay, cool, and We have Some officers from the fire department here with something to speak about right? Big thing is our jobs are 20 years old and they've got An upgrade kit if they can do now you send it in and make it off cordless will get rid of a Bunch of weight like he's got 68 pounds So we get they make it 100% cordless. So right now you have a battery pack then you got 10-12 feet cord heavy cord So to make it work and they got this Introduction out to take you can use everything on ours. They rebuilt it refurbish it For about six grand, but we just don't have the money to do it but it is 20 years old and Next year we got send it in without that we put at least three thousand into it. I think I Last time we send in a cast of 2,500 what send it in just for refurbishing. Yeah So that upkeep would happen in the process of upgrading it right What is it that they do This is what we had is one of these and this cold And it all be gone and just have this unit now Why say yep, so they rebuild this handle and stuff and this here gets all rebuilt So is the battery just It's they're tangible just like let's be a battery right here. Yeah, they just plug in the top of it Just like any battery tool. Yeah, how many batteries come with that? To so you always have one ready. So what do you use for a battery now like a it's a regular 12-volt car battery Not quite that big but probably that like that It's a little bit bigger Yeah, and so it requires two people to somebody has to carry the battery around So this way you can't really hand it across to somebody This is moving into lithium, correct But that's what it is right there So do the upgrade And we'd have to spend probably half of that pretty soon. Just update the unit Maintenance you're saying right. Yeah next year. We'd have to yeah, so I can't see what I mean We just thinking we just don't have the money I mean in our budget to come up with six grand as you know the extra money we got right now is earmarked for the new truck right so we're here to See a few folks would like to donate some of that money The Jaws of life on our budget This is a breakdown of what we spent on our but this year and how this was the original Payment we had the hundred and sixty thousand right and this is what we have left of that original hundred This is like adding this in this is what we actually have After the addition except for we haven't wrote the check to pay for the Paving down at the town garage. I mean so there's roughly about this amount left in there about a hundred four thousand Yes, yeah So I don't see any problem. I think it's money well spent.  I'm sorry. I thought um, I heard here I heard chili say jaws and I thought he must mean jobs of life Then I heard you say it just after I started waving my hand. So that's what you mean is the jaws of life Yes Okay, thank you. I just want to make sure it is correct about that Did we have our performance earmarked for anything else for the fire department? We the only thing I know that I had on the list for them was If they needed more funds to refurbish the truck Right And we we're with a lot some more I think the total that's gone to the fire department now has been For the air pump was 15 750 and then if we do this that'll make 21,000 to them Now see a problem with it personally, I mean it'll save down the road and we don't have the money in the In the reserve funds. I don't believe is there any money in that? Yeah, yeah, so that'll go towards the truck anyway, or if we need some but Right just the way it is. Yeah, I heard eight months to eight years before you get a truck So you feel the fire department feels this is the best use of that $6,000 that there isn't another place that you would like you go guy wish we done Just that all of our tools are getting old I mean I guess me too and But you know, we got a couple nozzles of change And you know what a fire nozzle an inch and a half nozzle is about thousand dollars Right, so is that is that and we're gonna take why we're buying a couple of what we're taking out over budget That was in our budget. Okay, I just want to this is something that we don't have in the budget And we figured it out and they're 20 about 20 years old When we raise the money out and a new one is about 17 sex Well, we're keeping an eye on the rest of the ARPA funds and we want to make the best use out of all I think this is a great use just for safety and not an endless pot. There will be an end Right, and I don't think we've been asking for an endless pot We got to reserve some for Well, this is a limited time thing may not be around next year this this offer No, I'm perfectly fine with it. Yeah, no I might move to Improve that expenditure of the ARPA funds. I second it all in favor Thank you guys Jump out of bed and you go take care of the situations that arise and this makes it safer and easier with the help Sorry about you but you you voted to approve So it basically should say that you voted to approve $6,000 of ARPA funds to Give to the public to give to the fire department to Thousand so it would bring on the quote. It was like yes, Martha 6,000 5,980 Yeah To replace their jobs of life To Reparation upgrade Yes No One of the major Mike Triple A's for a lithium batteries 980 to refurbish and upgrade the jobs of life. Is that correct? Thank you Well, thank you guys We have we're going to review the treasurer's report That's on the agenda It might be in the back We do have a couple park use applications one From the White River Valley players No, it's application for use of the town's cemetery You're right and that is for on the agenda Well, it was park use. Yeah outdoor theater. It's there. They're modified because we usually don't have applications for use of the cemetery Count Park, it's for a theatrical production For it would be a kind of exploring some of the history that's resides in the cemetery And it's a fall show on October 22nd 23 Should we bring the cemetery Cemetery Commission gave them permission to do it. Okay, so the seven yet I thought they'd talk with you about that So I'd move to approve a second it all in favor And the second one Is for the park And for a concert in the park dedicated to life and music of grandfather Speedy Wyman the application is Daniel Wyman He's a singer and plays fiddling guitar All are invited to hear music and dance family and children appropriate and This would be for the 8th of October 12 to 3 and Sounds good to me. I approve it a second all in favor All right And Tony is not here with us today and nor Cooter, but we did Finally finish the paving around the installation of the stormwater control system down by the town garage And the new paving is very popular with the skateboarding crowd And And they started Accumulating sand again for the winter. I know who does a little anxious to like for them to finish up the work so they could start You know building that pile up. So that is that is happening Dana is scheduled for Jerry duty And so we'll have to figure out a deal with that it will have to look at the so they give you If you get so they give you $30 a day. Yeah, and I think that it was He had mentioned something about the town possibly Offsetting the lack of income I think we'll have to look at the policy Isn't it in the personnel policy We're reading it the other day. It's a little confusing, but yeah, but well, I told him we'd figure something out So yeah, yeah, he overly concerned Hopefully doesn't get selected if it is we'll have to write it because it'll be in October Yeah, what if you got in for one of those year long? Yeah I don't know to what extent if that did go into winter there are I mean there's Extenuating circumstances if this is someone in charge of the safety of the whole town for being one of a three-man road crew I would think that would get some yeah, we could argument Draft something He's going tomorrow for the first installment, and then I think it's in another two days he has to go It's twice this week. It doesn't mean he's going to get where is he going? I don't know. He didn't tell me why I didn't Yeah, I wouldn't be surprised if that's where he's going. He didn't say And I didn't ask so but I just said he was more concerned about his pay They hit up Rochester Terry you got anything on the utilities front Are you upset with the pavement everything's good there, right? I know I'm actually getting today, so I'm hoping they pay attention. They don't seem to mark all the covers, so I Pay attention. Yeah.  It's not me I showed you guys, you know three ton mark these out four or five times now It seems like some way how to write down a piece of paper, right? They don't I mean that way Bobby's a only mark tool from this last time. Oh, really this morning.  There's two vows there and they didn't I Don't think they can do anything there the mailboxes are there and that telephone pole is there I think they're stepping it out where they can is the way I took that Which will be nice and very good and up there in front of the biggest hall. I mean, he's Four feet there today from Stockbridge and someone did red marks everywhere on the road Right, they mack in the road for a baby So you see where they did that area in front of the library going to be dealt with yeah Has to be they're gonna pave right up to the grass So I don't know how they're gonna leave that what they dug out You know, that's going to be up to This has to do with that paving coming going through the village and I know it's the state doing it, but When we had a nervous fear I noticed it was there was a Section of this of a place on the sidewalk It used to have and the sidewalk facing main main street that used to have like a little I guess you'd call it a ramp area But an incline so you could get up it if you had a wheelchair or a walker or something and they have put a big Pavement there. I mean obviously it's not finished or something Do you know if they're going to leave that kind of stuff and do you know when they might be doing the paving? They told me this morning that they were going to start next week And it'd be starting from the south and I'm sure when they get done They're going to make it accessible to the sidewalks and in all around areas. That's they have to do that I mean, I never noticed that kind of stuff until I had to walk with Walker and now I do it and Several people came through the fear gate because I was on the gate at harvest fair all Saturday Mentioned one, you know, ask me if I knew when we were going to start paving and if they were going to fix the sidewalk And I said, well, I'll ask it this way for me. Okay. Thank you very much. Sorry about you guys Thank you Thank you. And just another Thing on the highway. I did go over to Gilead and look at that class that trail over there for the logger that goes out through Gilead road up and back on our trail and It's it looks to me like it's not of any problem as far as it's it's pretty flat out through there And where they're going to put the landing is is or at least that's where I believe they're going to put the landing Is on a flat area with it's not going to road or anything that I could see so I don't see any issue with it The guy wants to you know, you are just logs out there and truck out through there. Yeah, plunge of the Fixes in that. Yeah, yeah, and he will so So that's taking care Do we have Jeff here from the energy coordinator? Hello Jeff Hello Not really much of anything to report Yes, kind of a low energy evening here Which came off pretty well, I thought We did run an energy committee booth there and there was a lot of a lot of people stopped in At least come through the gate and that doesn't mean that other people that didn't go through the sides And it was the weather was perfect. It was just such a good there was our 33rd fair Anyway, sorry, I I'm the producer of the fair so I was really proud of how well All right, so I'm sure we'll talk more about energy as the weather starts to get colder, right? Shaking his head. Yes. All right moving on to the old business. We were talking about the master financial policy, and then are we ready to adopt section sections one three and four Did have Jim Barlow had Offered his his corrections and improvements on that and they got incorporated. Yep What do you guys think yeah, I was good with it. Yeah. Yeah with the changes Yep, so I'd move to adopt sections one three and four of them this year's version of the master financial policy Second that non-favorite And now we also have in Jim put his eyes on sections five six and seven So I'm Yeah It's it was two hundred twenty five dollars to have a review And I don't know if you feel confident of spending You know that more money going forward Well the way or what's the whole point of adopting these policies or to make sure that we're We're following Protocol the protocol so we don't get tripped up and right and lose access to Fundings because we don't have the proper Verbiage in place. So I think it's probably money. Well spent I have a couple of comments. Yeah on them In section six It says in the middle of the paint the first page items purchased as a set not bought purchases and have an aggregate value of $2,000 or more I think that that two thousand dollars should be higher In today's day and age that could be auto parts. So This just seems as though If you want to buy a computer something that you're going to consider an asset and capital asset and listed on our inventory And depreciate all our stuff that maybe maybe we should jump up to three to five thousand for something like that So that's saying in a it says two thousand in but that's in the in the bulk Yes Items purchased as a set. This is in the next section. You said five. So you said this was in section six section six. Yeah, I Think I was okay with five. I just had a couple number six Thanks And then thinking about Item e on the third page about infrastructure assets are long-lived capital assets um I don't know that we uh Keep track. I know we have a culvert survey, but I don't know that we have, you know drainage lines and systems fiber optics beaches and boat ramps docks and piers and you know, um, I know we have some of that inventory But I don't know that we have all of that under inventory As infrastructure I think a lot of our water sewer is under that Inventory Do we have a value on the culverts Um, I'm sure there is a a number I don't have it I don't have it either and I don't know The maps are all up to date as far as what we have in the ground By right, I just think we should read that over and think about that one. Yeah The replacement value you wouldn't you couldn't even begin to go with that No, we just have an inventory of where they are where they are in the links and let's just think about that Whether we want to say that we need to have a value on every bridge and our culvert and good rail in our town Oh And this was a lot of these were pulled from other towns Right, so kind of a boiler plate, but yet we just want to Customize it more to our town. I'm not saying we shouldn't I'm just saying let's think about that. Yeah So we can review that part. I also had something on number and Um number five reserve fund expenditures Uh down on the end says any John number one Reserve funds for any other purpose shall require the authorization of the more majority of the voters at the annual meeting or town meeting So I guess that means that anything reserve fund expenditures That is used for something for something other than other than that other than that reserve Yeah, which is I don't know if we need that or should we Have to think should be We use that when we sold the constables cruiser and put the money into the general fund We did that's the only time I've encountered that situation, but yeah So I don't see where it hurts to have to keep that in kid keeps the reserve funds reserve for for that purpose What we wanted to be I just wasn't sure if I was reading it right or not. I guess I wasn't so that's all right But no, but that puts in Mechanism in place for something comes up and we do Need to shuffle the money around we can you know Not do it just ourselves, but the town meeting right for a special meeting. Yeah. Yeah, we're special Okay I'm good with it So you want us to um, I still think it'd be worth Letting Jim take a look at it for a couple hundred bucks And I don't send it to him until we've all reviewed it just so that we can get a lot of the editing done Right, and I would like that question you just asked about is that an appropriate value to Maybe we want to change the terminology make our life a little easier. Yeah All right, I had a so we're tabling this moves on Um, thank you. We're in the process of reviewing. Yes So, um, do you have something else? Yeah, I guess we can move into the public comment. Yeah, um, I just this is just a quick last Tuesday the Rochester Stockbridge Unified District unanimously passed a motion To support the work of the committee including going back to review their budget For funds to heat and power the building this year That's the high school building They made a pledge to work together With the committee which is doing a charitable drive fundraising drive To make the commitment to keep the high school building heated for the winter So that was the the Basic Progress coming out of that meeting And they've got a meeting right now. They're meeting right now. So oh this could change That's how it stood up until 5 30 tonight And that's it for me. Yep Anybody on zoom have anything we'd like to speak about? Well There you have it 29 minutes We get one of those every once in a while. She tried to move to adjourn. I second. All in favor? All right. Good night. Thank you