3/28/2013 Portland, Oregon – Pop in your mints…
At long last, the much anticipated fifth volume in our “Why what we use as Money Matters” series is available in on Amazon’s Kindle and over at Smash words.com for your immediate reading pleasure.
The volume has a hero, Luca Pacioli, the Franciscan Monk who not only taught mathematics to Leonardo Da Vinci but dissimenated to Western Civilization nothing short of an economic super power.
It also has a villian, Central Banking, born of the super powers of dual-entry accounting, it uses this super power against humanity and has become dual-entry accounting’s arch nemesis.
How will it end? At this point, you’ll have to shell out $0.99 and a couple hours of your time to find out. However, by doing so, you may end up changing the world for the better. Not a bad return on investment!
We pray you will enjoy it.
Today, Bitcoins traded near $100 USD, silver and gold continued to mysteriously get crushed, and US stocks, perhaps more mysteriously, continued to defy gravity. What does it mean?
The events in Cyprus have once again caused a sort of flight to safety. Unfotunately, the flight to safety is a very crowded trade, and is causing the US Dollar to suffer from an unwelcome bout of strength, or potential deflation.
Bernanke and the Fed will never stand for it. US Dollar strength cannot be tolerated, and will be swiftly dealth with. As it is dealt with in the coming weeks, Bitcoins, gold, and silver will seem like a steal at today’s prices.
Then there is the matter of the brewing war in Persia, but speculation on that scenario must wait, for the Passover is at hand.
Stay tuned and Trust Jesus.
Stay Fresh!
Email: davidminteconomics@gmail.com
Key Indicators for March 28, 2013
Copper Price per Lb: $3.40
Oil Price per Barrel: $97.23
Corn Price per Bushel: $6.95
10 Yr US Treasury Bond: 1.85%
FED Target Rate: 0.12% ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce: $1,597 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*: 0.25%
Unemployment Rate: 7.7%
Inflation Rate (CPI): 0.7%
Dow Jones Industrial Average: 14,579
M1 Monetary Base: $2,425,500,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base: $10,547,600,000,000
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