"1. What is your understanding of No New Revelations or No New Knowledge?"
The "Christ life" is a CONSTANT communion between the Christian and the Holy Spirit, and "Revelation" at one level or another is continuous.
Luther's realization that "The just by his FAITH shall live" was a NEW revelation (in practical terms to a largely DEAD institutional church that was teaching all sorts of other stuff, and deep in superstition, and REJECTED Luther's input in protection of their "Vested Interests". But of course it wasn't "NEW KNOWLEDGE" (since it had been in the Bible all along, and had simply been forgotten by the Visible Church of the time.)
Bottom line: EVERYTHING that folks say that the Spirit told 'em HAS GOT TO BE checked out against the Written Word, and in the mouths of several confirming ministries - because it it doesn't "Square" then it's in all likelihood FALSE teaching.
NOTE: it MAY NOT "Square" with Denominational or traditional beliefs. a good demonstration of this was the Pentecostal revival in 1900. The Visible church had "Written off" 1 Cor 12,13,14 as something that had "gone away" with the last Apostle (or the finishing of the Canon - etc.). But THERE IT WAS big as life and twice as LOUD!!!
It wasn't "NEW KNOWLEDGE" - only the restoration of very OLD Knowledge that had been forgotten.
2. How does this affect things like dreams and visions and the gift of prophecy?
1 Thess 5:
16 Rejoice evermore.
17 Pray without ceasing.
18 In every thing give thanks: for this is the will of God in Christ Jesus concerning you.
19 Quench not the Spirit.
20 Despise not prophesyings.
21 Prove all things; hold fast that which is good.
22 Abstain from all appearance of evil.
23 And the very God of peace sanctify you wholly; and I pray God your whole spirit and soul and body be preserved blameless unto the coming of our Lord Jesus Christ.
24 Faithful is he that calleth you, who also will do it.
There are MANY "spirits" that will try to "give you information", and lots of 'em aren't from God. They can be VERY PERSUASIVE. knowing what the Word says is key. If you DON'T bother reading the WORD - you're "Fair game" for deception.
3. The apostles were the foundation, Christ the cornerstone. But if there is No new revelations, how do the walls and roof get built?
Line upon line, and precept upon precept as God RESTORES the Visible Church - until it looks like Ephesians 4:
11 And he gave some, apostles; and some, prophets; and some, evangelists; and some, pastors and teachers;
12 For the perfecting of the saints, for the work of the ministry, for the edifying of the body of Christ:
13 Till we all come in the unity of the faith, and of the knowledge of the Son of God, unto a perfect [Corporate] man, unto the measure of the stature of the fulness of Christ:
14 That we henceforth be no more children, tossed to and fro, and carried about with every wind of doctrine, by the sleight of men, and cunning craftiness, whereby they lie in wait to deceive;
15 But speaking the truth in love, may grow up into him in all things, which is the head, even Christ:
16 From whom the whole body fitly joined together and compacted by that which every joint supplieth, according to the effectual working in the measure of every part, maketh increase of the body unto the edifying of itself in love.
The Visible Church in 2012 is essentially a vast collection of disconnected "Building blocks" scattered across the earth defending their own little "Fifedoms", and battling over their "Private interpretations" of what the Word says. That's a "NORMAL state for the church at this stage of its infancy - the the word "Perfect" in V13 means "Mature". HUMAN wisdom will NEVER "Bring it together", but God through the power of the Holy Spirit will, and is as the plan unfolds down to the end of the age.
The LAST thing we'd want in 2012 would be a UNITED immature, and ignorant visible church - with political power. The middle ages should show us why.