On the Importance of Religion: The Guard Rail Analogy

2/29/2012 Portland, Oregon – Pop in your mints…

This past weekend our Pastor, Fred Cason of True Life Fellowship in Beaverton, delivered a profound message.  As are many great metaphors in the modern west, it was came disguised as a vehicle metaphor.

What’s up with all the guard rails?

As each of us careen down the highways and canyons in life, from time to time we will observe to our left or right, a man made construction which, at a glance, appears to have little practical purpose.

In fact, it seems like a hindrance, an unnecessary distraction or limitation on an otherwise scenic drive.  If one dwells on it too long, its very existence may become quite bothersome indeed.

Yet guard rails serve an extremely important purpose.  For, if well placed, they can save a life.  They have the power to turn what would have been a deadly accident into a mere fender bender.  Fender benders are unpleasant, but they are much easier to repair and recover from than a fatality.

In some cases, guard rails are erected by those who have planned and built the road.  In other cases, they have been erected only after those whom have traveled down the road numerous times came to a tacit or explicit agreement as to where they are necessary.  While there may have been discussion as to exactly where to place them, their necessity was, at one point, obvious to all.

Regardless of how they got there, guardrails are set at places where the yellow painted lines were simply not enough to keep people from running off the road.

How are the guard rails in your life?

For guard rails which are carefully thought out are placed locations along the road where, were the driver to suffer a brief lapse in judgment or some sort of mechanical failure, the consequences for running off the road are the gravest.  Conversely, at places in the road where no such danger exists, it would be foolish to erect guard rails for the sake of erecting them.

A curiosity about guard rails, especially along the most scenic and well-traveled roads, is that they are often placed where the view is the best, which can make their existence extremely frustrating.

Yet they are there precisely because the very places where the view is spectacular are often where there is an extreme correlation between the level of distraction of the driver and the catastrophic consequences of running off the road into an abyss.

Do you see where this is going?

It is probably clear to most that a peculiar set of rules, commonly known as religion, determines the placement of the guard rails (the rules themselves in this metaphor) in one’s life.

The road is one’s life, their chosen path, the road where they have either intentionally traveled or via some obligatory detour, find themselves on.

Some roads are more dangerous than others, and require a careful placement of rules along the way in order to avoid hurtling one’s life towards disaster.  In this lies the benefit of religion.

Yet no one, save perhaps the guard rail contractor, chooses their road based solely on the guard rails placed along the way.

So, then, it is clear that the guard rail is not an end in and of itself.  In fact, when one is in control, focused on the road, and their vehicle is in good operating condition, they may not even notice the guard rails in their midst.

Guard rails will never provide one with focus or control of their vehicle, as rules will never provide one with focus or control of their life.  Only the Living God can provide this.

Ironically, the guardrail serves absolutely no purpose for the coherent, sober, focused driver.  It is the driver who, from time to time, gets distracted or willing takes their hands off the wheel (read, everyone on the planet) which to benefit the most from the guard rails’ (rules’) existence.

A final note, if you happen to find yourself on a road without any guard rails, it may be time to look for a different road.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

The Bible Clearly Explains the Consequences of a Debt based Monetary System

2/28/2012 Portland, Oregon – Pop in your mints…

Yesterday we took our fellow taxpayers for a detour which is leading us into what, for some, may be uncharted waters.  These waters are commonly known as the Bible, or the Word of God.  While seemingly unrelated to the discipline of economics and specifically monetary theory, it is important to gain an understanding of the Bible for two reasons:

  1. It is the most widely read book in the history of the world to date
  2. In its labyrinth of narratives, poetry, song, and prophecy, it provides the only coherent framework within which humans, who have been given the gift of reasoning, can understand the world in which they inhabit and what they are to do with their time here.

If only for these reasons alone, it is of the utmost importance that the Bible be understood if we are to gain any meaningful understanding of what is called the “economy” and our specific area of interest, monetary theory, as these disciplines make absolutely no sense without an understanding of the framework in which they operate.

Regardless of one’s preconceived judgments about the Bible’s ability to provide this framework, it is important to understand that a number of one’s fellow humans believe that the Bible provides this framework.  With this given, it can be inferred that this belief is, in whole or in part, is driving their choice of actions. 

A Bible Handwritten in Latin in Malmesbury Abbey, Wilshire, England. Transcribed in Belgium in the year 1407

However, if you remain unconvinced or simply do not have time or motivation to undertake a careful study of the Bible, we will relate what we understand, it is in no way a substitute for one’s personal and corporate study of the Bible, but we appreciate your confidence.

The lessons of the Bible are important and we reiterate, without an understanding of the framework of the Bible, nothing that is going to take place in the future will make sense but will appear to simply occur at random:

Truly we tell you, the events to come have been foretold.  The Kingdom of God is advancing.

What does it have to do with money?  Why is a proper understanding of what we use as money important?

We are glad you asked, allow us to explain:

The current monetary system which most of the Western world uses to each day is built on debt.  Debt, at its essence, is built a faith that persons will perform certain actions in the future.  Performance of these actions from the debtor’s perspective is homogenized as being able to order delivery of the debts of others to the creditor in order to satisfy the debt.

This activity and its consequences are conveniently summed up in Bible as the parable of the Unforgiving Debtor, which can be found in the Bible in the book of Matthew, Chapter  18, verses 21-35.

Wrapped up in a narrative which will take under two minutes to read, the final consequences of using debt as money have never been more clearly stated.  Please give it a read, it is important.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

 

Key Indicators for February 28, 2012

Copper Price per Lb: $3.86

Oil Price per Barrel:  $106.55

Corn Price per Bushel:  $6.53

10 Yr US Treasury Bond:  1.93%

FED Target Rate:  0.10%  ON AUTOPILOT, THE FED IS DEAD!

Gold Price Per Ounce:  $1,784

MINT Perceived Target Rate*:  1.00% AWAY WE GO!

Unemployment Rate:  8.3%

Inflation Rate (CPI):  0.2%

Dow Jones Industrial Average: 13,005

M1 Monetary Base:  $2,137,600,000,000

M2 Monetary Base:  $9,763,200,000,000

The Importance of the Bible, A Foray into E-Book publishing

2/27/2012 Portland, Oregon – Pop in your mints…

We have been busy here at The Mint publishing our first of what we hope will be many E-books.  To the surprise of many, it has nothing to do with Monetary Theory.  For Monetary Theory to have any coherence, a proper understanding of the world must first be established.  This E-Book is a humble attempt to begin this process for our dear fellow taxpayers.

Regardless of whether you believe that the Words of the Bible are true or if you are of the opinion that the Bible has nothing of relevance to say to the modern world, it is extremely urgent that you examine the Bible soon for it will provide the only coherent explanation for the events which are unfolding.

This particular E book deals with teaching the Bible, specifically the book of the prophet Hosea.  Fellow taxpayers who have an interest in the Bible are encouraged to take a peek at it here.  The book presents a method which is entirely different than any other teaching method which we have encountered, for it permits the Word of God to speak for itself, free of man’s distorted and too often self interested interpretations.

A book which teaches one to study the Bible may not be what one would expect from The Mint.  On the other hand, given that the Bible is our only hope of grasping a coherent, consistent truth from which all other events can be understood and put into perspective, there could perhaps be no more urgent or noble undertaking to which we must dedicate our lives

In the Bible, God did 10 amazing things: 

  1. He gave us a concrete understanding of our origins in a way so simple that a child can understand it.
  2. He gave us a historical narrative that can be archeologically corroborated should we have doubts that the events actually took place.
  3. He gave us 10 rules to live by which, if observed, would eradicate every social and many physical and mental ailments.
  4. He provided a number of other tips and suggestions which would further improve the general welfare.
  5. He gave us a brief summary so that we would not have to memorize the rules, tips, and suggestions in order to observe them.
  6. He gave us the choice whether to live by the rules and suggestions or not.
  7. He sent His Son to accept all of the natural consequences for failing to observe the rules and suggestions and in the process He vanquished the inevitability of death.
  8. He gave examples of every problem imaginable with regards to family and other human relationships, and then some.
  9. He laid down the division between good and evil which had nothing to do with observed behavior and everything to do with intent.
  10. He gave us a promise the He would physically return to dwell with us.

It should come as no surprise, then, that a correct understanding of the present state of the economy and of cause and effect can only be achieved by first understanding the essence of life, the world in which we live, and most importantly, who is ultimately in charge.

There is a need for understanding that can only be found in the Bible.  While reading the Bible is a good way to start, listening to the spoken word of the Bible in the presence of others is a much better way to gain the aforementioned understanding of life itself.

This E Book is an attempt to open the Word of God to be understood by many.  There is a deep need for people to take the hard assignments that are given to them as they gain this aforementioned understanding for themselves.

Are you ready, fellow taxpayer?

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

 

Key Indicators for February 27, 2012

Copper Price per Lb: $3.84

Oil Price per Barrel:  $107.96

Corn Price per Bushel:  $6.44

10 Yr US Treasury Bond:  1.92%

FED Target Rate:  0.08%  ON AUTOPILOT, THE FED IS DEAD!

Gold Price Per Ounce:  $1,768

MINT Perceived Target Rate*:  1.00% AWAY WE GO!

Unemployment Rate:  8.3%

Inflation Rate (CPI):  0.2%

Dow Jones Industrial Average: 12,981

M1 Monetary Base:  $2,137,600,000,000

M2 Monetary Base:  $9,763,200,000,000

Watch “‘Greece doomed, economy total farce & fiction!'” on YouTube

Patrick Young, an investment advisor, gives a sobering account of the current state of the Greek economy and the future of the EU. In short, Greece will default within 8 weeks and it will be chaotic.
We are not sure what is more shocking, Mr Young’s assessment or the footage of the riots in Athens running in the background. About 5 minutes and well worth a view:

No Love for Greece, The latest casualty of central planning

2/15/2012 Portland, Oregon – Pop in your mints…

The fruits of Central Planning, via the socialized monetary and credit system which is currently managed by the World’s Central Banks, are beginning to ripen, and the whole world is witnessing the latest social harvest of this doomed philosophy in Greece.

From the Associated Press:

“Tensions between Athens and other European capitals have hit new highs this week. While the European Union is officially still warning of the far-reaching dangers of a disorderly default by Greece, some politicians have in recent weeks downplayed the effects of such an event.

… While the Parliament in Athens faced down violent protests over the weekend to approve a far-reaching new austerity package, the cabinet of ministers remained locked in talks Tuesday evening over how to save an extra euro325 million demanded last week by the eurozone.”

It seems that the Greeks are having trouble accepting the well intended budgetary advice which their credit “counselors” (read overlords) in the north are so generously imposing upon them.  Now that the Greeks appear to be balking at their inevitable slide towards a vassal state, the folks in the north are getting restless as their banking syndicates have quite a bit riding on the events unfolding on the shores of the Aegean Sea.

Will the Hellenic Republic submit?

On the other side of the Atlantic, it appears that the similarly indebted US government will escape the fate of externally imposed austerity which Greece is now suffering.  The Federal Reserve has made it clear that it will print money to monetize the deficits of the US Government for as long as necessary, and the Republican budget hawks have had their wings clipped with their latest capitulation on the extension of the Payroll tax holiday.

These two events, taken together, indicate that the US intends to go for broke and fully embrace the Keynesian dream of printing its way to full employment.

The obvious solution, then, would be for the Greeks to reject the Euro in favor of not the Drachma, but the infinitely flexible US Dollar.

Unfortunately for the US, and the Greeks, should they choose to join them, the Keynesian dream is quickly becoming a nightmare as the folly of central economic planning begins to express itself in the form of runaway inflation.  The policy tools used in the past have succeeded only in stripping the earth and its people of the ability to make productive economic decisions.  What now awaits the world is the inevitable adjustment which is likely to lead to a lower standard of living.

At this prospect, Athns burned on Sunday night, and it appears that the last bastions of austerity in the US capital threw in the towel and, for the moment, Washington is not burning.

The tragedy unfolding in Europe is a painful reminder that the power to mint money was never meant to be given, by edict, to an elect few. 

Will the rest of the world learn this valuable lesson before it is too late?

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com 

Key Indicators for February 15, 2012

Copper Price per Lb: $3.80
Oil Price per Barrel:  $101.93

Corn Price per Bushel:  $6.27 
10 Yr US Treasury Bond:  1.93%

FED Target Rate:  0.12%  ON AUTOPILOT, THE FED IS DEAD!

Gold Price Per Ounce:  $1,721

MINT Perceived Target Rate*:  1.00% AWAY WE GO!
Unemployment Rate:  8.3%
Inflation Rate (CPI):  0.0%
Dow Jones Industrial Average: 12,781

M1 Monetary Base:  $2,274,500,000,000
M2 Monetary Base:  $9,653,000,000,000

Nigel Farage calling out the EU on their Handling of Greece

Nigel Farage, again telling it like it is.  Below he calls out the members of the EU for systematically destroying Greece by forcing them to stay in the Euro.  With a puppet government and ceaseless demands for austerity, Greece’s economy has contracted for 5 straight years and is currently falling off a cliff.

It is refreshing to hear Farage call out the EU, and it is painfully obvious that his pleas fall on deaf ears as his Eurocrat colleagues simply mill about.  The EU Commission would be a funny joke if their idiocy didn’t cause such widespread suffering.  From zerohedge.com:

Everybody Has a Voice

The following is another excerpt of a book which we have recently completed about teaching the Bible which focuses on some techniques that may be little known and are certainly seldom practiced today.  Here we present two more, “Everybody has a voice,” and an additional note on preparation.  Enjoy!

Taken from “Hosea: A brief guide for those who are lead to teach the book of Hosea

Everybody Has a Voice

The person who is teaching must recognize that they are not truly the teacher, per se, rather, that they are the intermediary who is delivering the Word of God afresh to minister to thirsty souls, amongst which they must find their own.  As such, it is important to ask open ended questions of the audience and to give everyone in the room an opportunity to respond.  It is equally important to understand that some questions do not have answers, in fact, the best questions tend to lead to further questions rather than answers.

And it is good.  Remember, as you are speaking the Word, the Holy Spirit is ministering about the room.  As the audience listens to the Word of God and the Holy Spirit is ministering, it becomes apparent that everyone in the room is a teacher and one person’s response to your question or comment may minister to another in the room without either of you being aware of it.  The healing that occurs when this take place is amazing, and should be expected to be a constant part of the class when the Holy Spirit is leading.

There are no set rules, but as the intermediary (read teacher), the person in charge of the class has the responsibility to maintain the classroom environment as holy.  If a question or comment carries on it can become more of a distraction than an aid to the healing that is taking place.

There is a fine line between teaching the Word of God and expressing one’s own opinions.  It will be clear when it has been crossed, as the teacher, you are responsible for discerning when it has been crossed and steering the class back to the Holy Place.

A Brief Note on Preparation

While we have provided a number of questions and historical background to facilitate the study, we encourage you to read the entire Biblical text which you will teach, in this case Hosea, at least five times before presenting it.  Each time, write down key questions which the Word begs the reader to answer.  We have provided space for you to do this on page 19, and it is expected that this space will not be adequate.

Some of these questions will simply appear verbatim in the Biblical text, as is often the case when Jesus is teaching.  Some of them will come to you through the Holy Spirit as you read and prepare.  All of these questions are valid, and the Holy Spirit will guide you as to which questions to ask.  Even simple questions such as, “what are you hearing?” or “what is happening out there, would anyone like to comment?” can lead to great healing amongst those in the class.

Stay tuned for more teaching tips and the release of the book itself here at The Mint.  Trust Jesus and stay fresh!

Manipulation And Abuse Confirmed In $350 Trillion Market | ZeroHedge

An interesting piece on Zerohedge.com which confirms what many have long suspected: LIBOR is not exactly an objective measure of inter bank lending rates.

It’s like finding out professional wrestling isn’t real, does it really matter?

The answer, of course, is that it does not matter…until it does.

Enjoy:

http://www.zerohedge.com/news/manipulation-and-abuse-confirmed-350-trillion-market

Opening the Bible as if You have Never Read It Before

The following is an excerpt of a book which we have recently completed about teaching the Bible, focusing on some techniques that may be little known and are certainly seldom practiced today.  We pray that it will be a blessing to you and encourage you to open the Bible as if you have never read it before.  Enjoy!

Taken from “Hosea: A brief guide for those who are lead to teach the book of Hosea

NOTES ON TEACHING

You do not need to be an expert to teach the Word of God.  In fact, some would argue that an advanced degree in a Seminary actually hinders your ability to teach.  Sound strange?  In our experience, we have found that a great majority of sermons and Bible studies tend to drive the audience to a somewhat premeditated conclusion.

There is generally nothing wrong with this.  From our childhood we are taught to structure our essays and messages concisely so that at the beginning, the audience knows what your talking points will be and what they are supposed to get out of it.

This approach may work well in academic circles and “how to” books, yet it is a complete and total disaster when employed in an attempt to teach the Words of the Living God.

Open the Bible as if You have Never Read It Before

The holiness and perfection of the Bible allow us to learn something new each time that we read it.

For this reason, we would like to encourage you and your audience, beginning with this study, to open the Bible as if they have never read it before.  Many Christians have preconceived notions and prejudices regarding the parts of the Bible which must be overcome for the Word of God to move in a new way in their lives.  Opening the Bible as if you have never read it before accomplishes this goal for most people.

Read Slowly: Let the Word Of God Resonate in the Room

Another necessity when teaching the Word of God is to read slowly.  When teaching the Word of God, it is important to both read aloud and to listen to your own voice.  Far from being ridiculous, slowly reading the Word of God accomplishes two important purposes.  First, it allows everyone in the audience both to hear and to meditate on the words.  Second, you will immediately notice that the spoken words themselves have a power which resonates throughout the room.

Hearing is a deeply spiritual exercise.  Listening to yourself as you read will generally ensure that you maintain the proper pace and that the Holy Spirit moves about the room, ministering to everyone as they simply listen, for the Word of God does not ever return void.

Sound interesting?  Stay tuned for more teaching tips and the release of the book itself here at The Mint.  Trust Jesus and stay fresh!

Bernanke Sends the US Dollar on a Suicide Mission

2/7/2012 Portland, Oregon – Pop in your mints…

We have been cooking up a project here at The Mint and have been remiss in our faithful correspondence to you, fellow taxpayer.  For this, we offer you our humble apologies. 

With our mission partially accomplished, we are back in the saddle and riding the monetary range.  The days have been uncharacteristically sunny here in the Northwest, and it should come as no surprise that the outlook has cleared up, along with the skies.  While Europe remains in the dual grip of debt and cold, the US is once again tying its shoes and heading out to dance.

Official unemployment is down and inflation is nowhere to be seen according to the government.

Yes, fellow taxpayer, all signs indicate that a Keynesian socialized monetary system has saved the day.

Yet no matter what the official statistics say, there is something much more important occurring as we write, something that will adversely affect every person who is long the current US Dollar via holding the currency directly or indirectly via some vague promise to have the currency delivered in the future (Read:  Bonds, MBS, and any derivative of such).

The fateful occurrence is this:  The US Dollar is about to carry out its suicide mission.

Suicide mission?  Wouldn’t the Government inform us of something as important as the severe devaluation of the currency?

Yes and no.

Allow us to explain.  First and foremost, the Government, who, behind the banks in the Federal Reserve system, gain the most from a weak dollar, have a tremendous incentive to devalue the dollar as well as a tremendous incentive to hide this fact.

However, the truth can easily be deduced by simply observing what the stated Federal funds rate is at any given time and waiting approximately three years for the effects of that rate to hit main street.

39 months, to be exact, but here at The Mint there are no extra points given for accuracy.

Where were we, something about a suicide mission, ah yes…

Join us, fellow taxpayer, on a journey back to the lazy days of August and September of 2007.  The world could not have been brighter.  Everything seemed to be turning up roses, which in retrospect should have been the first sign of trouble.

 

"Benky" sends the US Dollar on its final quest

 

In early September, Ben Bernanke, the Chairman of the Federal Reserve, has just parked his avatar, “Benky” and logged off of World of Warcraft after completing a quest during his third day of “work” after a much undeserved vacation when the phone in his office rang.

“It’s time,” said the voice on the other end, and Bernanke slowly hung up the phone.  Nothing more needed to be said.

The Federal Reserve was finished; it was only a matter of time.  100 years of subtle confiscation was about to go into the history books, and it was time to execute the plans which had been laid for its chief agent, the US Dollar, to go out in spectacular fashion. 

Mr. Bernanke and his colleagues held a cursory open market meeting to say a tearful goodbye to the currency which they had been sworn to defend.  They then set in motion a series of rate cuts which to this day have not been reversed.

The US Dollar was off on its suicide mission.

It had been on many similar missions before, all with overwhelming success in what were increasingly high risk operations against multiple targets, and it had always returned to its home shores with the spoils of war in its train, stronger and more arrogant for the experience.

But this mission was unheard of.  Delving into short term interest rate depths never before attempted by a currency its size.  Infiltrating foreign bases and confiscating wealth on an unimaginable scale.  Only this time, it was not foreseen that it would return.  A bigger, stronger, and more efficient model was waiting in the wings to swoop in and bring the spoils, which the US Dollar was to so painstakingly confiscate, home.

The mission, as in the past, was to take three years.  Beginning at the FED, it would make a slow and steady descent through the short term funding markets and then plunge, in the span of 15 months, to the unexplored bottom.  There it would lurk, setting mines and nets for the next 39 months which would confiscate the wealth of not just individuals and corporations, but of nations and multinationals as well.

It would be a grand climax to an illustrious career.

For their part, Bernanke and his colleagues at the FED would provide all of the cover fire they could muster in order to give the US Dollar as much time as possible to carry out its terrible work.  In the end, however, there was little doubt that the currency would be found, tried, and executed during this tour of duty.

So certain was this fact, that neither provision nor measure was to be taken by anyone at the FED to rescue the US Dollar.  No further resources would be used in its rescue, save the empty words of Bernanke and his colleagues. 

The US Dollar’s orders were clear:  To remain at the ultimate depths of short term funding markets, laying as many traps as possible, until it expired in this effort.

It is a grim mission, to be sure, with a grim outcome for those who are long the US Dollar and, ultimately, for the dollar itself.

Circa February 7, 2011, it appears to the greater world that the US Dollar has descended to the 1% level, the exact level it had been perceived to be at on that fateful day in late summer of 2007 when Mr. Bernanke got the call.  For most people, it feels that all has returned to normal after four years of what can only be described as an economic nightmare.

Nothing could be further from the truth.

For in one short month, it will be clear that the US Dollar, rather than returning to base at the FED, as it has for nearly 100 years, has gone deeper and further into the pockets of the world than any currency has ever dared go before.

And it is about to pick each and every one of them.

If there was ever a time to own real assets instead of US Dollars, it is now.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for February 7, 2012

Copper Price per Lb: $3.85
Oil Price per Barrel:  $98.55

Corn Price per Bushel:  $6.42
10 Yr US Treasury Bond:  1.99%

FED Target Rate:  0.11%  ON AUTOPILOT, THE FED IS DEAD!

Gold Price Per Ounce:  $1,742 PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  1.00% DROPPING LIKE A ROCK INTO MARCH!!!
Unemployment Rate:  8.3%
Inflation Rate (CPI):  0.0%
Dow Jones Industrial Average:  12,881

M1 Monetary Base:  $2,198,400,000,000 RED ALERT!!!  THE ANIMALS ARE LEAVING THE ZOO!!!
M2 Monetary Base:  $9,686,800,000,000 YIKES UP $1 Trillion in one year!!!!!!!