The Seeds of Revolution: Those on the Far Left and Far Right have had Enough! Can they come Together to Change the World?

In the past two weeks we have had two well delivered speeches brought to our attention here at The Mint.  One speech was delivered in Spain at the IU de Extremadura in 1999 by Julio Anguita Gonzáles, the coordinador general de Izquierda Unida at the time of this speech.

Don Julio is a communist.  In this speech, which is billed on youtube as “El Gran Discurso Antisistema” (The great anti-establishment speech), he makes compelling arguments against the establishment and the inequality which it creates and fights to maintain amongst its members.  You can see it below or by clicking here:


What is amazing about his speech is that he makes some of the same arguments that Tom Woods, who is perhaps the eloquent Libertarian thinker speaking today.  Mr. Woods’ recent speech on Nullification is quickly becoming an anti-establishment sensation.  You can see his speech below or by clicking here:


As Mr. Woods alludes to at the end of his speech, could it be that the anti-establishment thinkers of the far left and far right are closer together ideologically than they are to their mainstream liberal and conservative counterparts?

72 Hour Call for June 9, 2011

Today’s Call:  July Corn Price Per Bushel to rise.  Currently $7.85-4.

Rationale:  USDA Report released today revealed the expected corn surplus to be 23% less than already low expectations.  This will cause tremendous price pressure up and down the food chain.  Corn is to food production what oil is to manufacturing.  As such, we have decided to add it to our Key indicators.

Result of Call for June 6, 2011:  Bank of America (BAC) to rise.  Was $10.83, Currently $10.65.  Bad Call. 

Calls to Date:  Good Calls: 27, Bad Calls: 19, Batting .587

Key Indicators for Thursday, June 9, 2011

Copper Price per Lb: $4.09
Oil Price per Barrel:  $101.86

Corn Price per Bushel:  $7.85
10 Yr US Treasury Bond:  3.00%

Gold Price Per Ounce:  $1,544

MINT Perceived Target Rate*:  2.25%
Unemployment Rate:  9.1%
Inflation Rate (CPI):  0.4%
Dow Jones Industrial Average:  12,124
M1 Monetary Base:  $2,022,700,000,000 RED ALERT!!!
M2 Monetary Base:  $9,005,800,000,000 STARTING TO DRY UP?  NOT

 *See FED Perceived Economic Effect Rate Chart at bottom of blog.  This rate is the FED Target rate with a 39 month lag, representing the time it takes for the FED Target rate changes to affect the real economy.  This is a 39 months head start that the FED member banks have on the rest of us on using the new money that is created.