Monday, March 13, 2023

The Briefing with Albert Mohler

The Southern Baptist Theological Seminary

Christianity, Culture, Commentary, Sbts, Scripture, Seminary, Albert, Christ, Preach, God, 881944, Truth, Mohler, Jesus, Bible, Religion & Spirituality

4.8 • 8.4K Ratings

🗓️ 13 March 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is The Briefing, a daily analysis of news and events from a Christian worldview.

Part I (00:13 - 18:15)
A Failed Bank, A Breach in Trust: Nation’s Second Largest Bank Failure Provokes Massive Worldview Questions

Part II (18:15 - 19:52)
Farmgate Avoided? South African President Cleared of Corruption Accusations After the Theft of Money from His Sofa Stash

Corruption Watchdog Moves to Clear South African President in Cash-in-Couch Incident by New York Times (John Eligon)

Part III (19:52 - 23:30)
Totalitarianism with No Rivals, No Successor in Sight: Xi Jinping Begins Unprecedented 3rd Presidential Term

Xi Seals His Political Supremacy, Focusing on Economy and U.S. Rivalry by New York Times (Chris Buckley and Keith Bradsher)

Part IV (23:30 - 25:23)
A Shift Towards More Chinese Power on the World Stage: China Brokers Deal Between Iran and Saudi Arabia — What Does This Mean for the U.S.?

Part V (25:23 - 26:29)
The Velocity of the Headlines: The Troubles of Today Were Often Unknowns Just Yesterday

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Transcript

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0:00.0	It's Monday, March 13, 2023.
0:07.8	I'm Albert Moller, and this is The Briefing, a daily analysis of news and events from
0:12.2	a Christian worldview.
0:13.5	Will you talk about a matter of vast worldview significance that comes out of the blue and
0:18.4	catches people by surprise and hits them where it counts?
0:22.4	That is to say, in the bank account.
0:24.2	On Friday of last week, federal authorities shut down a major bank and what now amounts
0:29.4	to the second largest bank failure in the United States history.
0:33.6	The bank in this case is in Northern California known as the Silicon Valley Bank.
0:38.6	It's considered a moderate size bank.
0:41.1	It's not one of the largest banks in the country covered by even more strict banking requirements
0:46.0	and regulations, but this came as a big shock.
0:48.8	It came as a big shock to the entire financial system, and of course, it sets off a wave
0:53.8	of tremendous concern about the health of banking in the United States.
0:58.4	The most people who know very much about the banking sector were rushing in to say,
1:02.5	there should not be much contagion about this.
1:05.3	This is not a major failure of banking.
1:08.1	This is not 2008 all over again.
1:10.4	This is not the Great Depression in 1929.
1:13.6	This is something that is limited to this one bank and to an understandable, if regrettable
1:19.5	set of financial circumstances.
1:22.2	We are talking about the failure of a bank, and there are a lot of Americans who might not
	...

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