8/2/2011 Portland, Oregon – Pop in your mints…
After a long absence, we offer a brief Mint. As the entire financial world knows, the US Government decided to go deeper into debt to the tune of $2.4 Trillion. Something was mentioned about spending cuts but they are inconsequential and probably will never materialize.
“The US is now conducting war-like operations in at least six different countries. The problem, of course, is that it is ruinously expensive. In all of history no empire has been able to resist the urge to overdo it…to commit suicide – either by military or financial “overstretch.” In America’s case, it does both.
The cost of maintaining the empire…fully loaded…is about $1.2 trillion a year. That’s the Pentagon, the Department of Homeland Security, fortified embassies – everything. Take it away, and the US budget is almost in balance.
But Washington won’t seriously cut military spending. Why not? It’s the way destiny works. First, she disarms you of your critical intelligence. And they she shoots you in the back of the head.
An empire continues until it drops. It does not back up. It does not reconsider its mission – not until it is forced to. How is it forced to? In the usual way…it runs out of money…”
Yes, it appears that America is intent upon losing its place as the leading private security agency on the planet, for as a practical matter, that is all that what we frequently refer to as nations are. More on that to come.
Stay tuned and Trust Jesus.
P.S. Don’t believe what you read about the Nebraska corn harvest, it will be just fine and as abundant as ever!
Key Indicators for August 2, 2011
Gold Price Per Ounce: $1,660 PERMANENT UNCERTAINTY
MINT Perceived Target Rate*: 2.00%
Unemployment Rate: 9.2%
Inflation Rate (CPI): -0.2%!!! PULL OUT THE HELICOPTERS!!!
Dow Jones Industrial Average: 11,866 TO THE MOON!!!
M1 Monetary Base: $1,937,200,000,000 RED ALERT!!!
M2 Monetary Base: $9,260,300,000,000 YIKES!!!!!!!
*See the MINT Perceived target Rate Chart. 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.