Hi, this is MXUX. I am doing this video on the Fed and a recent presentation by a Fed analyst that is extremely bullish on Lordstown Motors. I'm going to show how the present economic conditions don't really affect the market for the Lordstown endurance. I hope you like the video. Let's get started. Hi, this is MXUX after that. Introduction. I want to go through this presentation. I want to try to keep it short. This is all about what the Fed is doing and what a key Fed auto analyst has to say concerning Lordstown Motors, which is, in my opinion, very bullish for Lordstown Motors. So, let's get started. This is titled Macro and Money Environment and LEX, which is the new nomenclature for Lordstown Motors I've developed. That stands for Lordstown EV Corporation, which is how it is identified with the National Highway Traffic Safety Association, Lordstown EV Corporation, LEX stands for Corporation under teletype, I believe that's still in the stock market. So, that's what I have decided to call it, LEX. So, we have Fox and LEX. Fox, LEX. Anyway, let's move forward. Let's talk about the Federal Reserve. Okay. The Federal Reserve will likely hike in the coming meeting, despite Wall Street predictions, RCM and so forth. Jerome Powell met with the Republicans and he told the Republicans there will be one more hike. So, there will be one more hike. That would be probably 25 basis points and that'll take us over 5%, well over 5%. So, that is the latest information on that topic. Now, the banks, especially smaller regional banks, have unrealized losses under books as do commercial real estate interests as do insurance companies. The commercial real estate companies have loans written at 2%. They don't write long mortgages on those. Those are all going to be coming due next quarter. HedgeEye just did a report on this, billions of them. And those are going to renew from 1% to 2% and the new rate is going to be, you know, 5% to 6%, whatever. So, that is apocalyptic. As well, the banks that hold these loans have reserves, have their cash reserves in these low-interest bonds, which are unrealized losses as well. And the small regional banks, again, they take deposits. This is a fractional reserve system we have. They take deposits. They loan out a large percentage of them and they have a, you know, 10% of all the money on deposit is actually with the bank. What they do is they backstop this with, and I'm not an economist so bear with me on this, but in any case, they backstop this with bonds and these bonds are at 1% and 2% with the interest rate now at 5%. These bonds are underwater. If they get a run on the bank, they're going to have to cash these banks in. They are not going to get power value for these bonds. It's going to be below par because the interest rate is higher. It's going to be knocked back because the interest rate is higher. So, $100 bond is going to be bought back for $90. They're going to end up being short to cover their depositors. This is the whole bank problem we have. So, if there's a run on deposits, they need deposits. This is what's going to happen. You say, well, you know, it's only a 2% or 3% loss. Well, it's on trillions of dollars. That's the thing. And also not being mentioned here is insurance companies also have these, you know, I guess their liquidity accounts. In their case, it would be premiums, I imagine. But again, these are at 1% to 2% in government bonds and they are underwater. If there's a large natural disaster or some other demand on capital made to these insurance companies, they're also at risk of not being able to cover their obligations because they're underwater. Now, the Fed has put in an institution. I don't know if it covers commercial real estate and insurance companies where banks are allowed to borrow at par against these assets for one year without interest, but they got to pay it back. But there's still risk. The guy who predicted the black swan, Norabel, what's his name? I just did a piece that there's tremendous risk in the system. Now, here's the thing. These 1% to 2% bond, collateral bonds, to get returns on excess cash during the pandemic, everybody's saying, well, these banks didn't know what they were doing. They bought these 2% long bonds, 10-year bonds, whatever they are at 2%, never thinking interest rates are going on. You have to understand that Fed guidelines under the Dodd-Frank banking reform and other things encourages, because of taxation and other balance sheet conditions, encourages, the Fed encouraged through the regulations the purchase of these long bonds. And you could say that these banks were mismanaged by taking these long bonds on as collateral to their cash accounts and so forth. However, these were Fed guidelines. And now, since these are Fed guidelines, General Powell has got to know that these deposits were out there, or are we all, like I say, the victims of a monstrous hoax? Does nobody know what they're doing? Are all these Ivy League guys um, suiting in Bhutan and they're nutting in the suit? I don't know, but again, the reason we're in this condition is because the Fed encouraged the purchase of these long bonds at 1 to 2%. Okay? And now they're underwater and there's a lack of liquidity in this system. And here we have the Fed tax structure implored these entities to do this via the existing rule legal structure. It's important to note again, everybody says, well, why did they buy these long bonds at these low rates? It's because that was the deregur under the regulations. Now, the Fed raising rates 20x in less than a year has put all these bonds underwater. Okay? So this is what I've been talking about. These are unrealized losses. These are losses that are on the book that they haven't realized yet. That's like when your stock portfolio goes down, you know, cash it out. It's unrealized loss. Same thing. And again, some banks is barring Fed cash at par value of these bonds for one year. This has to be paid back and it is a, it is a, I have a bank stop. It's a backstop against bank runs to provide liquidity. A lot of people think this is going to be enough. There are trillions of these bonds out. And the result of these banks taking advantage of this par borrowing is it is going to inject cash into the system. And again, they're going to be looking returns on this cash. But in any case, all this cash being injected into the system is why chicken genius has recommended buying. Okay. This is a Cavaco capital. This is a charting channel I follow. I think these guys are pretty fantastic. And this is their take on the economy. This is just late breaking. I wanted to add it to this video. Let me see if I can play a short segment. Link in the video. Link in the description. Here, started to develop a similar look last year. The cloud is turning green here. This is October. The ratio was above the cloud. And again, you really don't see that a lot. What's noteworthy is when the ratio started to fall and more importantly made it back below the cloud here. The major low on the S and P 500 was in the rear view mirror. Something similar just happened this week for the first time we have a similar look. BIL divided by XLK is below the cloud, the weekly cloud for the first time. You can make an argument this point here. Similar to this point in here, which again is after the major low in the S and P 500. Similar story. This looks different than anything we had in the rear view mirror here during the bear market. And it also looks similar to this point here after the major low was in place. We zoom in on this portion. All of this just this week below the cloud. Also getting the cloud turning from green in favor of cash over tech to red. Brand new signal March 31st telling us from a probability perspective, the odds have shifted back in favor of XLK. Convincingly, not yet. We really like to move away from the cloud a little bit, but it's a good start. Others have not. I just watched Hedgeye Hedgeye presentation. They said the second quarter of this year is when all these real estate commercial real estate loans are going to be financed and it's going to be bad. They see it as the Titanic, their strong gold, Cathie Wood, as I said in here somewhere, I believe is into crypto. But chicken Jean just says because of this, at least interim, there's going to be money going into the market and then the market is up. I'm not sure that this borrowing for these bonds, these par, you know, they're able to borrow at par, which is the full value of face value of the bond for one year. I don't think insurance companies and real estate firms have access to this. Someone can correct me if I'm wrong on that. So we just, we, this is endemic throughout the world and throughout many, many different companies and many different market segments. And again, I say here cash in will feed stocks. Chicken Genius says by now, again, Noriel Robini says extreme potential risk. Hedgeye says the quarter of doom with commercial real estate coming up. Cathie Wood appears to me to be hedging with Bitcoin as much as possible buying Coinbase and cash block. It is blocked now. Anyway, this is kind of where we are at. So we have trillions of dollars of bonds throughout the world economy that are pledged as collateral, two cash deposits and other assets. Again, not a financial guy here, but I'm just saying the point is these are all underwater. So none of this, none of these deposits that they're covering are covered by these assets. This is what we're looking at. And bank runs are the problem, but I think there are other complications. These commercial real estate mortgages, what's going to happen is when they do these commercial real estate projects, as I understand, they establish a corporation for each building or each project. And if they have worked out the financing of this project, you know, they go 20 years, you know, buy versus lease or whatever the analysis is at a certain current, at a certain interest rate for the project to make sense. If it renews from 2% to 6%, they will just hand the keys into the bank and the banks are going to end up owning all these buildings that nobody wants. And this is another shoe that may drop. So Chicken Genius says buy now. And that may be the intermediate term. I don't know. You have to make your own decision. The world is fraught with risk result. Every firm that owns these bonds is underwater and has unrealized loss on the books unless the Fed cuts rates to make them whole. The Fed has said they are going to make one day, Jerome Powell told the Republican caucus that they are going to make one more rate hike. So they are not going to start cutting rates, although they said extraordinary circumstances would cause them to do that. Will they pause after this? Probably? Maybe? We don't know. But we got one more rate hike for sure. There's no way around that.  I don't know what Wall Street is. Is it CMI index? Perhaps I'll try to find a clip of the CMI index that does. Okay, this is MXUX. This is a CME group FedWatch. This is a tool. They use this. They base this on futures contracts on the Fed rate. And what they have here, as my understanding how to read this, this is from the May 3rd meeting. If you come over here, no change is 52% in change. A raise is 47.7. Very close, but the futures contracts are saying no hike. And I think these guys are wrong. According to the presentation, Powell gave to the caucus of Republicans. So this is no hike. This is hike. They're looking at no change. And Powell clearly stated that he is going to hike. So this you can take into your evaluation of the market. Oh, also, three weeks ago, Tom Lee said, we're heading into a bull rally in April. And this may be April to May. So had mentioned we didn't hear from, we haven't really heard from Tom Lee in a month. So that was his last word. Anyway, that's it. Let's get back to the video of Wall Street sentiment on rate hike possibilities on here. The point is the Fed is not going to cut rates, not in the next quarter or two. Again, Hedge Eye, which called the last 2008 catastrophe says it is the Titanic going down the stock market, especially they mentioned today anybody with calls on Tesla is in for a surprise. I don't know. You have to evaluate that yourself. Hedge Eye is bullish on gold. Kathy Wood bullish on Bitcoin. Tom Lee, who I think is one of the most astute economic analysts says the Fed actions have either broken something or something in the economy has changed. That's very nebulous. I cannot find any definitive word from Tom Lee lately. So I think the top guy. Well, I mean, all these people are top people that I follow. But you have a range of different opinions there from Chicken Genius to Tom Lee to Kathy Wood to Hedge Eye. It's all over the place. But according to my rating, 51% chance of downturn of some type. And there could be a positive black swan or a white swan, a pink swan that could turn everything around. Now, I have down here. Now, Trump has been in the news. This is not a political channel. I don't support or not support Trump. I just want to say, I watched an interview with Trump, he proposed increasing the oil supply. And this is actually a pretty genius comment in my opinion. I am not a big fan of Laffer curve and Laffer was the author of Reaganomics. But Laffer does have a point in, you know, you can quash demand or increase supply to lower inflation. And in this case, increasing oil supply would have an effect to lower inflation. Energy is a component of all consumption. Everything you buy has an energy component, whether that's transporting the raw materials, delivering it to your house, so on and so forth. Right now we have a oil based energy system, hydrocarbon energy system. And oil prices are going up. You see Buffett is buying oxy. This is why he's buying oxy. And by the way, we need oil. According to my estimations, we're at a very near peak oil, which means all the cheap oil has been gotten. So it's just going to get more expensive from here. And I think this is why Buffett also is buying oxy. And we do need oil, even if we go to all electric cars, because we need plastics and other things that are made from hydrocarb. So there's just no way around it. But I think a major move and I think the president administration is moving backwards on this. Although they are looking at opening a reserve up in Alaska or the Arctic area, the thing is, one thing that could change the inflation picture is increasing oil supply. Whether you like that or not, that would have the effect of, that is a denominator of everything we buy. So anyway, interestingly, Trump is right on that. And I think that's an interesting proposition. Now, just getting down to the nitty gritty here, the ultimate solutions include the Fed buying all of these underwater bonds back from the holders at par. So retiring all these bonds and giving the holders cash for them, so that whatever the par would be, they were sold at a discount of 2%. So they would pay them the full amount. So in other words, a $10 bond was sold for $8 at maturity would pay 10. They would buy them back at 10. So that would involve the Fed retiring all of these bonds from all these parties all over the world. Trillions, trillions of dollars that would infuse cash into the money slide could be worldwide inflation. The second solution is the Fed ensures deposits at all levels to stop bank runs. And there's political opposition to this from the Republican Party. You know, in the SVB, they guarantee any amount of deposit over and above the $250K Federal Reserve guarantee. A third option here, and I believe this is being discussed regarding money market accounts, you have to do your own research on this. But in general, there is a rumble that they want to impose rules that limit your access to your money to stop bank runs. I don't know what form this would take, but there's a couple of different proposals out there. There's some considerations out there. You know, under certain conditions, you would not be allowed to withdraw money, things of this nature. This is actually being talked about. You have to research it yourself. There's nothing formal yet. I do believe there was just a rule regarding money market fund withdrawals that a law that was passed that went into effect, you have to research that yourself. That's another, of course, this would be the Cathie Wood argument for Bitcoin because, of course, they are trying to control Bitcoin, but Bitcoin would not fall under these rules presently. And then I have here the tinfoil hat. I have a video out about Powell raising rates. I had in that video have Jerome Powell raised rates to bring credit card and other debt based on the Fred rate to current dollars for big banks. I think big banks had about, I don't know, $12 trillion is the number of, for example, credit card debt. And this was all debt that was undertaken at 2% interest rates. And now that the interest rates are 5%, they want this debt paid back in current dollars. In other words, they don't want the same loss that the bond holders are looking at by having stuff on the books that's under par. And my thesis was that this was the main reason. You know, the Fed is composed of bankers, they work for bankers. So that was my thing so that the big banks didn't theoretically, in any case, recognize unrecognized losses on these, on this $12 trillion of credit card debt. So the Fed raised rates. That was initially my first take on this race. And these rate hikes have also caused and will cause consolidation in banking, making the biggest banks bigger. And also the biggest banks are in the best position to weather, to deal with this underwater bond issue. And they have more liquidity. So again, are we all the victims of a monstrous hoax? I think we have to question what Jerome Powell's rationale is. Now, some people have said that it has to do with the value, international value of the dollar and keeping the dollar of the world currency. But of course, this is my tinfoil hat argument. Anyway, that could at least be part of it, summary. So what we're going to have, and this is coming, if not here, it's going to take time according to the expert, credit's going to tighten up. You know, they're going to make it harder to borrow, you're going to have to jump through more hoax, have higher credit ratings. Banks will hike, hike liquid collateral levels. So they are going to try to backstop their balance sheets. The T bill rates will drop to zero. And there's, this is already happening. There, there are, you know, they're buying short term T bills with zero return, just to have liquidity, secure liquidity to back these collateral levels. And I have down here, maybe limits on deposits with thralls. Okay, this is I mentioned earlier. And large unrecognized losses exist throughout the world economy, throughout the world economy. So stocks may benefit from increased cash in the system, you know, from these Fed injections. And that's the chicken genius thesis. And chicken genius says buy a chicken genius is pretty smart guy. Anyway, now, here's the thing. What does this Fed activity have to do with Lordstown Motors Corporation or LMX as I call it? Auto Line Daily After Hours had a panel discussion. They had a auto analyst from the Chicago Federal Reserve on this call. And it was incredibly bullish for Lordstown Motors. And I'm going to play a clip of this. And I'm going to put the links in the description. I have two links under here that you can look at on the screen and copy if you like. This Fed analyst says municipalities and governments, including the federal government, at all levels want to replace fleets. Okay, as I said, there's unrequited demand for fleet vehicles. They haven't had any for two, three years. They're at the end of life. They especially want to replace these things with battery electric vehicles by law in a lot of places. These municipalities and governments, including the federal government, can't find vehicles to buy. They have had orders in for a year. And they are not getting their vehicles.  Why would they? They're going to make the higher value-added vehicles. They're not going to dedicate battery units and so forth to the $40,000, which has now had the price just raised again. I do believe the price of the base Ford Pro is now at $54,000. Don't quote me on that. So we have the endurance base price at $56,000. I'm sure that it will match the endurance base price. But they cannot buy these vehicles. I want you to listen to this clip. I'm going to play it right now. Hi, this is MXUX. I just want to play this. This is a Federal Reserve Bank of Chicago auto analyst on Auto Line after hours. And she is going to make a comment here pointing out in the presentation that is very bullish for Lordstown Motors. And let me just see if I can get that to play for us. Okay. So, Kristen, Jeff, I mean, let's start by each of you talking about how you characterize the period we're in right now in the auto industry. I mean, what are the things that people really need to be paying attention to? Well, I'll say nothing is normal, still. It's getting back to normal, but nothing is normal. And we started the year with, I think, Jeff might agree, cautious optimism that this year some things would start to work out and get a little better. Production recovery is underway. There's companies that are managing their inventory a little bit more closely. Prices are starting to mediate and level out to address some of the affordability. And there's still a whole lot of pent up demand out in the retail customer as well as fleet. One of the fleets that we don't think about too much is government fleets. And many states and the federal government in particular are looking to buy EVs or plug-in hybrids, and they haven't been able to get them, and they haven't been able to get them at the prices that governments usually pay. So, I talked to a state that was getting ready, the legislature was going to pull their budget because they put in their orders in October when their fiscal year started and getting around to the end of the year, they still didn't have the vehicles. So, there's a lot of demand out there. We just have to see how strong it holds up this year. Okay. Okay, now I'm back. This is crazy. A lease under this market qualifies for all available tax credits under the IRA at full levels. So, in other words, this is a perfect market for the Lordstown Endurance. And under a lease, a lease is the same as an individual buyer. So, there's going to be a massive tax incentive to lease these BEV vehicles. And again, we're looking at the Laffer curve. We're looking at supply and demand. Increasing supply in this market is also going to lower the price. It's actually just, I don't know what the government is doing because we need these vehicles. Why are they allowing these new companies to be, you know, why are they not supporting these new companies? Why hasn't Lordstown Motors gotten the government innovation grant that other companies have got? You know, Abterra just got a $21 million grant from California. Why hasn't Lordstown Motors? Why hasn't Lordstown received the federal grant that Tesla received back when it was at the same stage of development? The government is just not supporting Lordstown Motors. And I just want to make that point. But the other point is this is a market that is waiting to be tapped. This is the potential here for a fleet. And by the way, pickup trucks are in the top 10 vehicles of every consumer segment for automobiles. There's a pickup truck in it. The endurance is one of three pickup trucks right now. And that would be the Ford Lightning, which is having battery recall problems and production and they're having trouble meeting production and they're talking about two years. You know, Ford is milking this for all it's worth, in my opinion. You have Rivian, which really does not operate at this cost basis or in a fleet mode. They do not have a fleet model. So I think this is a really perfect setup for Lordstown Motors. And anyway, I have down here this is a crazy bullish for Lordstown Motors. And I think the key is this demand basically bypasses all these banking issues, especially when you're focused on the fleet market. Because these municipalities and federal government, they have budgets in place to buy these vehicles. They cannot get these vehicles. So that's all I have to say on this. Good luck in the market. I hope you liked the video. And again, there is the auto line link right there for the full video on this. I'll put it in the description as well. Again, this comes straight from the Fed and this is very bullish for Lordstown Motors. This is MXUX. Good luck in the market. Thanks for checking out the presentation.


Thank you, Jefina. I was happily talking with the mic muted. Okay. So let me begin again. Okay, welcome back after the break. Before we went for the break, we were looking at Genesis chapter three versus 14 and 15. And we said that this verse is referred to as the proto-evangel. Which means it's the first evangelistic message. It's the first messianic prophecy in the Old Testament. And it's also referred to as the Edenic covenant. And this covenant is the basis for the development of all the other covenants on redemption. We also said that this verse, in one sense, it's in a figurative sense. Okay, that means, you know, and we saw and we looked at what each word and who it represents.  Okay. Now, some important facts that we need to, you know, look at or learn from this verse is that the enmity between Satan and the human race, you know, there was an, there began an enmity between Satan and the human race. And it implies that, you know, God would one day reconcile the world to himself. And we know that this was made possible. This was accomplished through the work of Jesus Christ on the cross. So that is one important fact that we learn from this verse. The second thing is that the seed of the woman will crush the head of the serpent, which is Satan. And we know that this has been literally fulfilled in Christ. We read this in Hebrews chapter two, verses 14 and 18, where it says the last part of verse 18, where it says, through that, he might destroy him who had the power of death. That is the devil. Okay.  And he destroyed Satan on the cross. Okay. And this, we also see that this promise is being fulfilled. We read about this, you know, in Romans chapter 16 verse 20, where this promise of, you know, that the seed of the woman will crush the head of the serpent is being fulfilled through the people of God. Romans chapter 16 verse 20. Can somebody read that please? Romans chapter 16 verse 20. Hello, is anyone in class? Romans chapter 16 verse 20. Yes, Subashwish, can you please read then? Romans chapter 16 verse 20. Romans chapter 16 verse 20. The God of peace will soon crush that and under your feet the grace of our Lord Jesus be with you. Okay.  That's talking about, here basically it's talking about, you know, Paul writing to the church at Rome.  That means they will see God, you know, bring an end to those who are deceiving the church who are trying to divide the church. So here we see that, you know, crushing Satan under your feet was already an accomplished thing by Jesus when he did it on the cross. And how do we know this? We read it in Hebrews chapter two verse 18. And we also see that it's being fulfilled in the people of God as we read in Romans chapter 16 verse 20. And last important point or fact that we need to understand or that we can learn from this verse is the serpent was to bruise his heel which portrays, you know, the prolonged struggle between good and evil. So there'll be a long struggle. Satan will continue to, you know, deceive us, continue to cause harm and difficulty. So it's going to be a continuous struggle between good and evil, okay? So we looked at the first Old Testament prophecy that is given in Genesis chapter three verses 14 to 15, which is the Edenic covenant. It's a coming of the Messiah who will destroy Satan through his works and we see that it's fulfilled. Before we look at the second Old Testament prophecy, sorry, that's the Abrahamic covenant, the promise to Abraham, anyone has any doubts? No? Okay, then we go ahead and look at the Abrahamic covenant, the promise to Abraham. Genesis chapter 22 verse 18, can somebody read that please? Genesis chapter 22 verse 18, in your seed all the nations of the heart shall be blessed because you have obeyed my voice. Okay, okay, so this is part of God's covenant to Abraham and God is promising Abraham that through his seed, that means through his descendants, his children, his children, the generations to come that all nations on the earth will be blessed. So all the nations of the earth will be blessed through Abraham's seed that his children, his children, the generations to come and we see Paul writing about this as well in Galatians. Galatians chapter three verses 18, sorry, Galatians chapter three was eight and 16. So can somebody read Galatians chapter three was eight and 16, please? Galatians chapter three was eight and 16. And the scripture foreseeing that God would just justify the Gentiles by faith, reached the gospel to Abraham beforehand saying, in you all the nations shall be blessed now to Abraham and his seed were the promises made. He does not say and to seeds as of many but as of one and to your seed who is Christ. Okay, thank you. So here Paul is mentioning about the promise that God made, the covenant that God made. And here we see his seed integrates that God was speaking about Christ. The American standard version reads as this, in thy seed shall all the nations bless themselves. I say that again, in thy seed shall all the nations bless themselves. So this implies that all the nations should seek Jesus Christ and when they seek Christ they will receive blessings or they will be blessed and this blessing will come only through Jesus Christ. So we know that all nations don't seek him, okay? And hence there is a need for us to proclaim the gospel, the good news of Jesus, of his salvation, of his work among all the nations, okay? So through the seed that God is talking about here to Abraham's seed is basically referring to Jesus who comes in the lineage of Abraham and through Jesus Christ the blessings will be released through to all nations, to people in all nations. And we see that all nations do not believe in Jesus Christ and hence the need for us to share so that they could receive the blessings that come through the covenant promise that was made by God to Abraham that through his seed all the nations of the earth will be blessed. So through Jesus all the nations of the earth will be blessed, okay? The next Old Testament prophecy about the incarnation of Jesus Christ is in Genesis chapter 49 verse 10. So can somebody read that please? Genesis chapter 49 verse 10. Genesis 49 10, the sector shall not depart from Judah nor a low giver from between his feet until Shiloh comes and to him shall be the obedience of the people. Okay, thank you. So here this prophecy is clearly talking about a foretelling about one particular individual and that is talking about Jesus Christ. The word Shiloh here is Shiloh is a city in which the tabernacle was set up. We read this in Joshua chapter 18 verse one. The city was later destroyed. We read about this in Jeremiah chapter seven verses 12 to 14. Now the Jewish scholars explain that this word Shiloh or Shiloh is compounded from two words, shell and low, which means to whom it belongs. Okay, so Shiloh basically means to whom it belongs. As I said, Shiloh was a city, but here it's basically referring to a person that is Jesus Christ. So the skeptor will not depart from Judah nor a law giver from between his feet until Shiloh comes, just talking about Jesus Christ coming and the skeptor shall not depart from Judah. And we know that Jesus came out of the royal tribe of Judah, we read this in Hebrews chapter seven verse 14. And we also see in this prophecy, which is talking about or foretelling about the incarnation of Jesus Christ. It's also foretelling about the second coming of Jesus Christ, the latter half of this verse in Genesis chapter 49 verse 10 where it says, and to him shall the obedience of the people be. So one version says as unto him shall the gathering of the people be, another version says, and the nations will obey him. That means when Jesus comes again the second time, he will gather all people from every nation to himself. And we know that during the 1,000 year millennium rule, all nations would live together and they would obey Jesus Christ. So here it's the two prophecies, one about the incarnation of Jesus Christ that the skeptor will come, the ruler will come from Judah. And we see that it's fulfilled. And also, Shiloh, which is meaning a place, but he has referring to a person because the skeptor will come to whom it belongs and that is Jesus Christ, okay? And so we see that this prophecy is fulfilled because Jesus came in the lineage or the tribe of Judah. The next Old Testament prophecy about the incarnation of Christ we read in Deuteronomy chapter 18 verses 15 and 18. Deuteronomy chapter 18 verse 15 and verse 18. Can somebody read that please? Deuteronomy chapter 18 verse 15 and 18.  Okay, thank you, Roslit. Here we see that the prophet that has been spoken about here is Jesus Christ. And how do we know that this is Jesus Christ because Peter quotes this passage in his sermon in Acts chapter three verses 20 to 26. And he reveals to us that this prophet is referred to Christ himself. And we also see that John the Baptist when he is testifying if Jesus is the Messiah. We read this in John chapter three and when people were looking for the Messiah they were wondering if Jesus was the Messiah that they were looking for. John the Baptist confirms this when he says in John chapter three verse 34, for the one whom God has sent speaks the very words of God for God gives the spirit without limit. So he says he's proving that Jesus is the prophet, the Messiah they were looking for. And how is he the Messiah? John is saying that he speaks the very words of God. And in Jesus we see the spirit without any measure limitless. And thus proving that Jesus is the Messiah and telling the people this is the Messiah you were looking for. This is a prophet that was spoken about in the Old Testament. And hence we know that this prophecy in Deuteronomy chapter 18 where God is promising that he will raise a prophet that he will put his words in his mouth as referring to Jesus Christ. Before we move on to the next prophecy in Isaiah chapter seven was 14 and Isaiah nine was six. Anyone has any questions or doubts so far? No mom. Okay, thank you. If no, then we will move on. Can somebody read, somebody who's never read can read Isaiah chapter seven was 14 and Isaiah chapter nine was six please. Yeah, sure, go ahead. Isaiah chapter seven was 14. Therefore the Lord himself will give you a sign. We hold the virgin shall conceive and bear a son and shall call his name Emmanuel. Isaiah chapter nine was six. For unto us a child is born, unto us a son is given and the government will be upon his shoulder and his name will be called wonderful, counselor, mighty God, everlasting father, Prince of Peace. Amen. Thank you. So here we know that these are very familiar passages and we know that these two verses here are talking about the incarnation. They're foretelling the birth of Jesus Christ and these prophecies were delivered 700 years prior to its fulfillment and we see that it was fulfilled in Jesus Christ even as he became God incarnate, God becoming man. And we see that the virgin gave birth to a son and that his name will be called Emmanuel. And we'll move on to the next prophecy that the prophecy concerning that the Messiah or the Christ that is to be born will come from Bethlehem. Micah chapter five verse two. Can somebody read Micah chapter five verse two please? Micah chapter five verse two. But you, Bethlehem, a brother, though you are little among the thousands of children, yet out of you shall come forth to me, the one to be ruler in Israel, whose green forts are from of good from everlasting. Thank you. So we had looked at this verse when we talked about God and his nature of being everlasting from being from eternity to eternity and his going forth are from old. So we see this fulfillment of this prophecy that Jesus came out of Judah. We read this in Matthew chapter two verses one to six when Herod is looking for where this Christ child is to be born. He calls the chief priests and the teachers of the law and he asked them, where is this Messiah to be born? And they say in Bethlehem in Judea because this is what the prophets had to do and we see the fulfillment of this prophecy as well. Then we look at another few more prophecies that Jesus will come riding on a donkey. Zechariah chapter nine verse nine. Can somebody read that please? Zechariah chapter nine verse nine. We just give the order of Zion. Shout order of Jerusalem.  He cuts the foes of a donkey. Amen. Here it's, thank you. Here we see that the Messiah, the one who was promised to save the people will come riding on a donkey, the cold of a donkey and did this happen? Yes, no? Yes, no. Yes, how do we know it happened? How do we know that Jesus rolled on a cold of a donkey? A donkey's cold? He did it in the scripture. Yes, we read this in, yeah? Matthew? I don't know the scripture. Okay, thank you Rosalind. Matthew chapter 21 verses one to 11. We see Jesus did enter Jerusalem on a donkey's cold. And this prophecy, which was fulfilled, was predicted, a foretold 400 years before was fulfilled when Jesus entered Jerusalem just before his crucifixion on a donkey's cold. Okay? The next prophecy, the Old Testament prophecy regarding the incarnation of Jesus Christ is the messenger of the covenant. We read this in Malachi chapter three, verse one. Can somebody read Malachi chapter three, verse one? Malachi chapter three, verse one. Behold, I send my messenger and he will prepare the way before me and the Lord whom you seek will suddenly come to his temple, even the messenger of the covenant in whom you delight. Behold, his coming says the Lord of hosts. Thank you. So here Jesus, we see Jesus quoting Malachi chapter three, verse one in Matthew chapter 11, verse 10. Now it says here, behold, I send my messenger. Who is this messenger? Who is this messenger? Jesus Christ. Jesus Christ. Jesus Christ. Okay. Thank you for the answer. If you look at this verse, I wanted to read it carefully. It says, Behold, I send my messenger and he will prepare the way before me. Is it John? Yes, thank you, Zia Toli. It is John the Baptist because he says, Behold, I send my messenger and if you look at my, it is a capital M, so it's referring to God and says my messenger and he will prepare the way before me. No problem, Rosalind. Can you please mute your mic? Thank you, Rosalind. So here we see that, and he will prepare the way. So he is referring to the messenger and if you look at it, it's not a capital H. It's not a capital H, so it's not referring to God or Jesus Christ, it's a small H. So we know the messenger is, a messenger will come and prepare the way before me and if you look at the me there, it's a capital M. Okay, so if you want to really know if it is referring to God or to Jesus Christ, then look at the words, whether if it's in a capital letter, then it's referring always to God or to Jesus Christ and if it's a small letter, then it's referring to a human being. Okay, so here, Behold, I send my messenger and he, which is a small H, will prepare the way before me, which is a capital M. So God is saying, know that the messenger will come before Jesus Christ and he will prepare a way for Jesus and this messenger here is referring to John, the Baptist will prepare the way for Jesus Christ. We read about this in Isaiah chapter 40 verse three. Luke chapter one was 76 and John chapter one was 23. Okay. We also see that the said that the Lord would suddenly come to his temple. So here it says, and the Lord whom you seek will suddenly come and we're looking at the latter half of this covenant regarding the Old Testament prophecy regarding Jesus Christ. So the first up we saw was the messenger as John the Baptist, he'll come before Jesus. This latter half of this verse says, the Lord whom you seek will suddenly come to his temple and it's talking about his temple, which is a capital H. So it's talking about God's temple, even the messenger of the covenant in whom you delight. And if you look at this messenger here, it's a capital M. But if you look at the messenger that is there in the first phrase of this sentence, this is a capital M or a small M in the first part of this verse. It's a small M, right? If you look at, behold, I sent my messenger. Yeah, it's a small M. So when it's talking about a small M, it's referring to a human being. But if you look at towards the end of this verse one, it says even the messenger of the covenant and then it's a capital M, which is referring to Jesus Christ. And here it's saying in the second half of this prophecy that this messenger who is Jesus Christ will suddenly come to the temple and we see it fulfilled when Jesus came. And we read about this in John chapter two, verses 14 and 15, when Jesus came and cleansed the temple from those who were selling cattle sheep and doves. And it says, even the messenger of the covenant in whom you delight. Okay, so we see that Jesus is referred to as a messenger of the covenant here. Why are we saying that this messenger that is referred to here in the latter part of this verse is Jesus because the capital M and he's the one who initiated the covenant, the new covenant between God and man. And in the first half of this, the first phrase of this verse, we see it's a small M and it's referring to before the coming of Jesus. Okay, so Jesus is referred to as the messenger of the covenant. We see Jesus himself saying this in Matthew chapter five verse 17. He says, I have come to fulfill the old covenant. I have not come to abolish the law, but I've come to fulfill it. So he says, I've come to fulfill the covenant. And in Hebrews chapter eight was 16 to 13. We see Jesus spoken of as a mediator of the new covenant. That means he ushered in the new covenant. How did he usher in the new covenant when he died on the cross? He reconciled man to God and thus he brought about peace and reconciliation and thus he initiated the new covenant, which is no longer by the law, but it is by grace through faith. Okay, so he's Jesus Christ as the initiator of the new covenant. Did you understand this verse? Any doubts? We see all of it, what was fulfilled, was written and predicted here in this prophecy was fulfilled in terms of John the Baptist coming, making a way for Jesus, in terms of Jesus cleansing the temple and in terms of Jesus being the mediator or initiating the new covenant. Okay, there's no questions. We will move on to the next prophecy, Old Testament prophecy in Isaiah chapter 42 verses one, verse six and verse seven. So can somebody who's not read for a long time, can you please read Isaiah chapter 42 verses one, six and seven, please? Okay ma'am, I'm reading. Yeah, go ahead. No. Behold my servant whom I uphold, my elite one in whom my soul delights. I have put my spirit upon him. He will bring forth justice to the Gentiles. I the Lord have called you in righteousness and will hold your hand. I will keep you and give you as a covenant to the people as a light to the Gentiles, to open blind eyes, to bring out prisoners from the prison, those who sit in darkness from the prison house. Thank you. So here we see that, behold my servant. So my is the capital, what is a my. And if you look at this S, it's a capital S. So, it's talking about Jesus Christ. Now Isaiah, prophesy in the book of Isaiah, there are four servant songs, get chapters that are called as servant songs. Servant is referring to Jesus Christ, okay? And he says upon whom, upon the servant, God has put his spirit. We read about this in Isaiah chapter six, verses 61, verses one and three, Luke chapter four, verses 18 and 19 that the spirit of the Lord was upon Jesus, okay? So we look at some important facts about the servant who is referred to as Jesus Christ. The servant was to be given as a covenant to the people and it refers to a new covenant that Jesus came to give us. But if you notice here that the servant himself was to be given as a covenant, that means Jesus himself was presented or given as a covenant. He says, I will give you as a covenant to the people. That means Jesus made the perfect sacrifice and by making that perfect sacrifice, he initiated the covenant, he brought about that covenant. So he was given as a covenant to the people and scripture also teaches us that Jesus is the one who established the new covenant. He is the priest who officiated the covenant by sprinkling of the blood. We know that any sacrifice that is made is made by the priest and it's done by the sprinkling of the blood on the altar or on the arc of the covenant. So Jesus is a priest who officiated the new covenant and how did he do it by shedding his own blood? We need about this in Isaiah chapter 52 verse 15 and Hebrews chapter nine verse 11 to 15. Now I'm just quoting this verses, all of them are in your course content. We don't have the time to go through everything. Most of the important passages will be going through but I will request you to take time and read it, okay? And Jesus is also the one who brought about the covenant into effect. He's the one who died on the cross and through his death he made the full sufficient and perfect sacrifice that brought about the new covenant that made the new covenant effective because it was the perfect sacrifice that was needed for the covenant to be made. And we see that he himself is the covenant. Jesus is a new covenant and he embodies the messiah, embodies the covenant of God. Now, why are we saying that Jesus is the made, was the, by through his sacrifice he made the new covenant because every covenant that Jesus God made in the Old Testament, we see it's through a sacrifice. It's through an animal that was cut, the blood that was shed. In those days in the Old Testament times when they made a covenant between two people they usually used to cut off their palm or their wrist here and both the parties used to mingle their hands like this touched the part where they made the cut where the blood was oozing out and they're saying that the covenant that they make is life for life, okay? So here also we see that when God makes a covenant in the Old Testament, there's always a sacrifice whether it's Noah, Noah made the sacrifice, Abraham. He cut the animals and then got passed, brought the fire and passed through those animals and it was all burnt on the altar. So we see all of them had a sacrifice where there was blood that means blood for blood, that means life for life. So if I don't keep this covenant then you are authoritized to take my life. So we see that by Jesus giving his life by shedding his blood, he brings into effect the new covenant, he initiates the new covenant. He establishes the new covenant and he himself is the covenant because he embodies the new covenant and new covenant is in him and he manifests the new covenant, he embodies the new covenant. The second thing that we important fact that we can learn from this verse is in Isaiah chapter 42 verses one, six and seven. It says, as a servant was to open the blind eyes, bring the prisoners out and those who sit in darkness out of the present house and we see that this is fulfilled. We read about this in Luke in Matthew chapter four verses 12 and 16. We also read it in Luke chapter four, verse 17 and 18. In Luke chapter four, verse 17 and 18 Jesus said, the spirit of the Lord is on me because he has anointed me to preach the good news to the poor. He has sent me to proclaim freedom to the prisoners, recovery of sight to the blind, to set the oppressed free. And we see that, you know, Jesus came to do this. He established this, he set the prisoners free. And we see that this has been continued even today, you know, even as the Holy Spirit sets people free out of their chains, their enslavement to Satan, to sin, you know, open the blind eyes of those who are blinded by the truth of the gospel and let them see the light that is in gospel and he brings them out of darkness. So Jesus did this when he lived here on the earth and we see this happening even today. Now the third important fact or truth that we learn from this prophecy is the servant will bring forth justice to the Gentiles. We see that the ministry of the servant, here I said is Jesus Christ was not just restricted to his own race that is a Jewish people. We see Jesus also ministering to the Gentiles, you know, to those who are non-Jews and he brings, we see that he brought justice and righteousness to them even when he died on the cross and even when he ministered to them. And this task is also being assigned to us as the body of Christ. Okay, we are to bring forth justice to the Gentiles and how do we bring justice to the Gentiles? How do we bring righteousness to the Gentiles? Is, you know, when we fulfill the task that Christ has given to us when we share the good news, when we set people free from their darkness into bring them into the light of the gospel of the truth that is in Jesus Christ. We break the chains and bondages and we set them free. We are also doing what Christ did of bringing justice to the Gentiles, okay? And this we see in Acts chapter 13 verses 46 to 48. Can somebody read that please? Acts chapter three verses 46 to 48. Acts 13, 46 to 48. Then Paul and Barnabas grieve, bold and sad. It was necessary that the word of God should be spoken to you first, but since you reject it and judge yourself unworthy of everlasting lie, behold, we turn to the Gentiles. For so the Lord has commanded us, I have said you as a lie to the Gentiles that you should be for salvation to the ends of the earth. And now when the Gentiles heard this, they were glad and glorified the word of the Lord. And as many as had been appointed to eternal life believed. Okay, thank you. So here we see Paul and Barnabas and Boli saying that they brought the word of the Lord of the good news. It was spoken to the Jews first, but since they rejected it and Paul and Barnabas and their team turned towards the Gentiles. And why did they bring the good news of salvation of Jesus Christ to the Gentiles? Because not because the Jews rejected it. It's not just because they didn't have any other audience because the Jews refused to listen to them. So they go to the Gentiles, but it says it was because the Lord had commanded us. It was a command of the Lord. It's not just something that they felt or they wanted to do. And what did the Lord command Paul and Barnabas said? I have set you as a light to the Gentiles that you should bring salvation to the ends of the earth. Okay, so Paul is saying, yes, we brought the message to you Jews, but you refuse. So we took it to the Gentiles, not in retaliation, not because to show you down or, you know, because we needed an audience as well, but because it was a command of the Lord. And when the Gentiles heard the good news of salvation, their response was totally different. They were very glad and they glorify God. So just as God had commanded and prophesied that the servant who is to come, that is Jesus Christ, will set the captives free, will bring light to the Gentiles, we too are to follow this command. Just as Paul and Barnabas deceived it, we too are given this command as, you know, people of the new covenant, people of the church, the body of Christ that we need to take the light of the gospel to the nations of the world because the people need the gospel, okay? So even as we looked at all of these Old Testament prophecies concerning, you know, the incarnation of Christ, the coming of Jesus or God becoming man, it's not just for us to know, okay, these are the Old Testament prophecies that, you know, God gave and it is fulfilled and Jesus Christ came and he finished the work, but, you know, let it lead us into a deeper adoration of, you know, of this infinite God, limitless God that we serve who planned things even before the foundation of the world and in his mind, everything was completed and done thing that Christ was tied on the cross and is crucified, you know, let us just stand and worship and awe and adoration and give him all the glory for his, for who he is, what he has done. And also let's just, you know, thank Jesus for his work for coming and fulfilling and initiating the new covenant, you know, we are privileged people compared to the people of the Old Testament because we are part of the new covenant. We no longer under the law, but under grace and it's by grace and to faith that we are saved and it's not just by keeping the law and we have so much of the grace of God, the love of God that is just poured out into our hearts. So even as we study all of these Old Testament prophecies, that is, you know, about concerning the incarnation of Jesus Christ, let us just, let it lead us into, you know, just worshiping God, adoring him, thanking him for his plan, for redeeming mankind from our sins, for his salvation and, you know, knowing that we are in the end days. Okay, we looked at the prophecy that's talking about Shiloh and the coming and gathering of the people where, you know, Jesus is going to come soon and he's going to gather people from all nations and those who do not know him, first of all, are not going to receive the blessings. Okay, they're already not receiving the blessing. Secondly, there will not be part of the millennium rule and thirdly, there will be destined to eternal hell. So that should lead us into a greater awareness and a deeper burden, you know, that people are lost, the coming of Jesus is soon, that we need to share the good news with family who do not know, relatives who do not know him, neighbors so that people are saved, they can enjoy the blessings, the covenantal blessings that God had given through his seed, that is Abraham's seed, that is Jesus Christ, through him all nations shall be blessed and also that, you know, when God comes again when he gathers everybody, all people will be gathered and none will be left behind, okay? So let's, even as we study all of this, consider ponder, let's just burst forth into worship, adoration, thanksgiving and also let's not just be complacent and thank God that we are saved, we enjoy the blessings, but it's not just a privilege but it's a responsibility that we have and like Jesus fulfilled his responsibility, he also sets us a standard that we need to fulfill the responsibility, okay? That's the end of chapter four. So anyone has any questions on the prophecies concerning the incarnation of Christ? No questions.  Okay, I request you to please go through your notes. You have one week before we meet next Monday and it's a long gap Monday to Monday. So I request you to please go through your notes even before you come to your next class so that you are able to understand and if you have any doubts, you can clear that, okay? Okay, thank you everyone for joining class. Have a good day and God bless all of you and I'll see you soon. I'll see you next tomorrow for our Dr. Foundation's class. Not tomorrow, Wednesday. Okay, yeah, thank you everyone. See you, bye. Thank you, ma'am. Thank you, professor. Thank you, ma'am.