Angel Investing and Entrepreneurship: Adam and Eve in the Garden

4/29/2013 Portland, Oregon – Pop in your mints…

Here at The Mint, we have a soft spot for both Entrepreneurs and Angel Investors, for they are to a business what Adam and Eve are to the Genesis narrative.  They are not the creators themselves, but they are the ones who work together in the creation of a business so that it might to flourish.

Our friends over at onlinemba.com have put together a great video series called Minute MBA.  In a recent video, which can be seen here (or by pasting the following link in your browser: http://www.onlinemba.com/blog/video-how-to-fund-a-startup), they eloquently, in both pictures and words, walk us through the startup funding process from idea, to seed capital, through to an IPO in under three minutes.

They also stress the importance of timing the solicitation of the appropriate flavor of capital at the right stage in the company’s life cycle.  It is an extremely import detail which cannot be overstated.

How To Fund A Startup
Click to view “How To Fund A Startup” via www.onlinemba.com

While there is much written about ideas, business plan development, and the life-cycle of a startup, which is naturally where a majority of the action takes place, there is often less attention devoted to the preparation of the garden plot upon which the seed capital will be planted into.

We call this garden plot the entity structure.  While many entrepreneurs wait until the Angel Investor appears on the scene to prepare the garden plot, there are some things that can and should be done by the entrepreneur at or near the conception of their venture to ensure that any seed capital they manage to attract is not needlessly scattered to the wind.

{Editor’s Note:  At this point a blanket disclaimer is in order, at this point, we are neither an attorney, CPA, tax, or other type of registered professional.  Even if we were, the following is in no way intended to address any one specific situation.  Any decision regarding entity structure should be taken after consulting an attorney and/or CPA who understands the laws of the land where the enterprise is to be founded and operate (should they not be one in the same) as well as the specifics of the owner(s)’ situation and goals.}

The following are three types of potential entity structures that may be employed to form a receptacle that can receive seed or, in some cases, even angel stage capital depending upon the requirements of the potential investor(s).

Think of it as the entrepreneur building their own garden box into which they will pour the rich soil of their time, effort, creativity, and ingenuity.  A garden box that is prepared to receive seeds that will be watered by the blood, sweat, and tears of the entrepreneur in hopes they will blossom to the point where the angels will take notice, muster their resources, and work their own creative magic.

When the angel gets involved, they may see that the garden box is well-tended and bearing fruit.  Depending upon the circumstances, they may seed their capital into the existing garden box, make substantial additions to it, or ask the entrepreneur to take their idea out of the garden box altogether and purchase them a field large enough to accommodate the flood of IPO funding.

We now digress to that lonely place where the entrepreneur sits alone in their yard, trying to decide what type of garden box to build.  The following is a menu of basic garden box designs from which to choose with the careful guidance of a qualified professional with intimate knowledge of the actors and the circumstances:

Step 1 – Buy an investment vehicle – The entrepreneur should establish a simple entity such as an S-Corporation or LLC to serve as their personal vehicle in which they can drive their idea(s) around in to visit potential investors.  This step will help establish a shield between the entrepreneur’s personal assets and their new venture.  It will also give the entrepreneur a tool through which they can manage their tax liability if necessary.

Perhaps more importantly, establishing the first entity gives the entrepreneur a bit of practice, both at corporate governance as well as letting go.  As parents of college freshmen (and Suzy Bogguss) will tell you, it’s never easy letting go.  The saying goes sevenfold for an entrepreneur and their idea.  However, letting go, to some extent, is the ultimate, often unstated goal of soliciting angel types of investment.  It is best to take the first, painful step in the privacy of one’s own home to avoid any unwanted emotional breakdowns as they sign away a portion of the rights to their baby entity in return for the cash needed for it to grow and thrive.

This is a deep, nearly metaphysical, aspect of the interplay between entrepreneur and angel investor, and we must leave it there for the moment and get on to the designs.

Design 1 – The Simple Promissory Note:  While most entrepreneurs and investors alike tend to think of seed capital as purely equity, we believe that in terms of ease of set up (meaning fewer legal and accounting fees) and understanding, creating a promissory note directly payable to the seed fund investor and the vehicle entity that is wholly owned by the entrepreneur for the amount to be invested offers a simple, if not elegant way for the parties to marry their money and idea on a trial basis.

From the entrepreneur’s standpoint, the ideal promissory note would provide for the use of the investor’s funds for a mutually agreed upon amount of time, during which interest may accrue at an agreed upon rate, but no payments on the note are due until the entity is projected to be able to have the free cash flow available to make good on the obligation.

The investor may be afforded some protection by perfecting a security interest against a portion of the entrepreneur’s other assets which would act as collateral.  We refer to this type of clause as a negative outcome exit.

However, as the reason for the decision to invest in the first place is presumably because the investor believes that the venture will succeed and grow, it would make even more sense to include a positive outcome exit.  In the case of the simple promissory note structure, the positive exit would include the right for the investor to convert the note into an equity stake of a previously agreed upon percentage of an entity that is again, previously agreed upon to be formed as a next stage investment vehicle for the new venture.

The promissory note strategy is a form of baby IPO that allows for the intimate gestation of the venture while it is at its most vulnerable by two parties who have a vested interest in seeing it grow and develop.

This strategy does not, however, offer the tax advantages usually associated with the investor’s ability to write off any losses that the venture may incur in its early years that the strategies mentioned below in Design 2 and 3 offers.  Then again, if a portion of an investment return is attributed to losses incurred in the early years, it may delay or even discourage the wise and judicious development of the venture by lulling the entrepreneur and investor alike into a false sense of security as the piling up of losses may be explained as beneficial with regards to tax liability.

Design 2 – The S-Corporation: An S-Corporation, while a bit antiquated, is still a favorite entity structure for closely held ventures.  S-Corporations are subject to state administrative rules related to corporations and may be formed with a fixed number of shares that can be sold to a limited number of investors.

Along with the S-Corporation come the joys (read responsibilities) of corporate governance.  There is more ongoing paperwork involved and therefore more attorney and CPA fees.  However, the S-Corporation is a much sturdier garden box than the simple promissory note.  It serves to isolate the venture and give it form; it also allows all parties to “enjoy” the tax benefits of the early years where the venture bleeds money.

Another advantage of the S-Corporation structure is that it can later be converted into a C-Corporation, which is the field upon which the great flood of the IPO can be released.

Design 3 – The Limited Partnership:  This option generally allows for the greatest amount of entrepreneurial flexibility to operate with the greatest number of potential investors.  Depending upon the requirements of the Limited Partners (LPs) and the myriad of exit strategies available, the agreements can be quite complex and again, there can be a great deal of legal and accounting fees incurred during the setup and operation of the LP.

The basic structure involves a General Partner, which in this case would be the entrepreneur’s vehicle established in Step 1 above, and one or several Limited Partners.  The General Partner is responsible for the day-to-day operations and has full responsibility for the debts of the partnership (for this reason, it is best that the General Partner, in practice, be an S-Corporation or LLC which itself will limit the entrepreneur’s liability).  New forms of Limited Partnerships, such as the LLP and LLLP are now being recognized which serve to further insulate the General Partner from unlimited liability.

The Limited Partners are only liable up to their invested amounts and are shielded in the same way a corporate shareholder is shielded in the event the LP should go bankrupt.  However, the Limited Partners cannot participate in the day-to-day operations of the Partnership, which for most Angel investors is just fine.

The Limited Partnership allows all parties to enjoy the tax “benefits” of the losses that the venture incurs early on.

Another advantage of the Limited Partnership is that one General Partner can be involved with many Limited Partnerships, which is ideal for the entrepreneur who has multiple ideas that may appeal individually to differing groups of investors who may not want to be in the same risk pool together.  These risk pools can be established by creating different Limited Partnership.

Under the Limited Partnership model, the General Partner will generally charge a percentage of revenues as a management fee and an additional percentage or fixed amount as an investors’ service fee to the partnership in exchange for dealing with 100% of the headaches.  These fees may be cash flow contingent and may vary depending upon the extent that the General and Limited Partners are sharing the profits or losses of the venture.

The Issue of investor accreditation and other rules, laws, and regulations:

In the case of Design 1, it may not always be possible to solicit funds using this vehicle depending upon local laws and regulations regarding who may or may not enter into a promissory note.  In a perfect world, this would not be a barrier, however, we do not live in a perfect world.

Further, in Designs 2 and 3 (and in some cases, Design 1 as well), there exists the Federal requirement that all investors be “accredited,” meaning that they have a net worth of over $1MM or have an income of at least $200K for two of the past three years ($300K if married) and the expectation of generating this level of income during the current year.  There are some other ways to qualify which can be seen here http://richard-wilson.blogspot.com/2008/08/accredited-investor.html but the $1MM threshold is the most common.

In summary, Design 1, the promissory note, is simplistic in that no new entity that needs to be formed.  However, it does not offer much in the way of income tax advantages or flexibility.  It is best suited for a specific project or purpose with an eye towards the larger garden boxes that will later be built.  Designs 2 and 3 both have the complication of entity formation and governance.  The ultimate advantage of options 2 and 3 are enhanced liability protection, greater operating flexibility, and the ability to control income tax considerations to a greater degree.

Again, these are just a few of any number of possible designs, and an attorney and or CPA that is close to the specific situation that is being addressed is in the best position to be able to advise which specific design to tailor so that both entrepreneur and angel investor, Adam and Eve, as it were, will be properly clothed.

If you are an Adam in search of an Eve, or vice versa, or an Adam and Eve who have just found each other and are in desperate need of a Virtual CFO to get things to the next level and beyond, we would love to help!  Simply contact us at the email address below to enquire about our customized, tailor made CFO services here at The Mint.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for April 29 2013

Copper Price per Lb: $3.21
Oil Price per Barrel:  $94.43
Corn Price per Bushel:  $6.84
10 Yr US Treasury Bond:  1.67%
Mt Gox Bitcoin price in US:  $143.50
FED Target Rate:  0.13%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,474 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  -0.2%
Dow Jones Industrial Average:  14,819
M1 Monetary Base:  $2,470,700,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base:  $10,667,300,000,000

Natural Law and the Theory of Economic System Fluidity now available!

4/26/2013 Portland, Oregon – Pop in your mints…

Natural Law and the Theory of Economic System Fluidity
Natural Law and the Theory of Economic System Fluidity

We are pleased to announce the release of our latest eBook offering, Natural Law and the Theory of Economic System Fluidity.

Natural Law and the Theory of Economic System Fluidity provides the theoretical basis for allowing the strengths of each economic system to peacefully work together to achieve this end and examines both the natural laws which govern economics as well as the moral basis for the existence of the nation state.

It is volume VI of the Why what we use as Money Matters series, and perhaps the most important, for it forms the philosophical core of our thesis.

We are pleased to offer it in PDF format for free here to our fellow taxpayers at The Mint, just click on the following link:

Mint Edition 04252013 – Natural Law and Economic System Fluidity

Additionally, it can be had for a mere $0.99 over at Amazon’s Kindle store and for free in a myriad of other eBook formats over and at Smashwords.com for the next month.  Be sure to use coupon code: WF75E at checkout to receive the discount.  The offer is good until May 25th, 2013.

Thanks again for reading and all the best!

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for April 26, 2013

Copper Price per Lb: $3.17
Oil Price per Barrel:  $93.00
Corn Price per Bushel:  $6.44
10 Yr US Treasury Bond:  1.66%
Mt Gox Bitcoin price in US:  $138.55
FED Target Rate:  0.13%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,462 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  -0.2%
Dow Jones Industrial Average:  14,713
M1 Monetary Base:  $2,470,700,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base:  $10,667,300,000,000

Marx and Rand together in perfect harmony set for release!

4/25/2013 Portland, Oregon – Pop in your mints…

As the financial world continues to turn in an ever inflated manner, we have been diligently working to complete the latest volume of the Why what we use as Money Matters series before the joyous distractions of summer in the Northwest call us away.

The following is an excerpt of Volume VI in the series, entitled Natural Law and the Theory of Economic System Fluidityis perhaps the most important volume because it forms the ideological core of our economic treatise.

Enjoy and stay fresh!

Marx and Rand together in perfect harmony

It is increasingly important that mankind take adequate time to pause and reflect as to what ideology is being tacitly or actively pursued as a guide for his daily toils.  As the collective efforts of mankind reach an effectiveness that was unimaginable a generation ago, the throws of human action are having a profound impact not only on an increasingly interconnected global economy, but on the very earth which mankind has been entrusted with.

Natural Law and the Theory of Economic System Fluidity
Natural Law and the Theory of Economic System Fluidity

It is no longer a safe assumption that the natural world can perpetually work to correct the mistakes in favor of mankind.  A deep examination of our motives in light of the Golden Rule is desperately needed to ensure a prosperous future for many.  The key to material prosperity is allowing mankind to tacitly coordinate his varied productive efforts by promoting the ideals of true capitalism in large scale dealings, for it is the ideology which best allows mankind to respond to the incessant demands of natural law. Continue reading Marx and Rand together in perfect harmony set for release!

A Tale of Two Responses to Anarchy

4/22/2013 Portland, Oregon – Pop in your mints…

The world keeps turning and has become quite unpredictable.  Check that, it has always been unpredictable, the realization of one’s inability to predict what will happen comes with age.

On one hand, money supply measures around the globe are going through the roof, as is indebtedness.  On the other had, the underlying economy, which had barely picked itself off of the canvas, appears to be up again, ready to be pile driven once again.  What is one to make of it?

The Bitcoin is once again racing ahead in USD terms, while Gold and Silver peel themselves off of the pavement after encountering a steamroller in their path (as an aside, it will be interesting just how much $1,350 gold and $23.50 silver can be delivered, our guess is, not much.)

Karl Marx
Will Karl Marx dance with Rand?

Our upcoming eBook, Natural Law and Economic System Fluidity – Marx and Rand together in perfect harmony, wrestles with unexplained economic phenomena such as the seeming impossibly of Capitalism and Socialism coexisting in harmony with one another, which are rapidly becoming important.

The following is a brief excerpt of our latest offering, scheduled to release late this month.  Enjoy!

A Tale of Two Responses to Anarchy

In the current economic debate that rages between the productive virtues of what is referred to as Capitalism and the humanistic virtues of the Socialist ideal, it has become fashionable to assume that the virtues of one system, were its guiding principles put into action at once by all of the members of society, would eventually bring about the virtues promised by the other system in a peaceful manner.

This narrow, apologetic view taken by Capitalists and Socialists alike ignores the fact that the systems are wholly incompatible.  It also ignores the fact that mankind is in a constant struggle to bring order to surroundings that are inherently anarchic in nature.  The only laws that must be adhered to are natural laws, which are explored in section II of this volume.

For purists on either side of the ideological fence, compromise on any point is a slippery slope, and in the sense that the two systems are wholly incompatible, the view is technically correct.  However, most economists miss the fact that it is perfectly normal and beneficial for each system to operate side by side.  In fact, it is the only way in which mankind can reap the benefits of both systems at once.

All humans live and operate in both systems to some extent.  The Capitalistic system is best equipped to organize resources on a grand scale and provide material goods for the greatest number of people, the Socialist system is the system that offers refuge from the rigid and unrelenting demands of the Capitalistic system’s incessant response to anarchy and the demands of natural law.

This refuge is commonly referred to as the family, and it can be observed operating the world over in all shapes and sizes.

The inescapable fact that Capitalism and Socialism are at once incompatible and completely reliant upon one another is the basis for the Theory of Economic System Fluidity.

More to come as we hack and slash our way through the draft.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for April 22, 2013

Copper Price per Lb: $3.14
Oil Price per Barrel:  $89.36
Corn Price per Bushel:  $6.46
10 Yr US Treasury Bond:  1.70%
Mt Gox Bitcoin price in US:  $126.75
FED Target Rate:  0.15%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,424 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  -0.2%
Dow Jones Industrial Average:  14,567
M1 Monetary Base:  $2,437,900,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base:  $10,645,600,000,000

Nature’s desperate struggle for balance in spite of men

4/19/2013 Portland, Oregon – Pop in your mints…

We leave you this Friday with some  foor for thoughts on Nature’s struggle from our upcoming eBook.  Enjoy!

The natural world strives daily to achieve a perfect state of balance.  Events and occurrences that, taken by themselves, appear chaotic and devoid of meaning are part of a grand rebalancing of the earth’s delicate state.  These events are the splash of color across an oppressive gray sky that hints at the rainbow that will soon appear.

The natural world exists in a constant state of subtle agitation and violent quakes, yet each ebb and flow in the natural world is the physical expression of a desire to achieve a state that by definition will never be perfected:

Homeostasis.

Homeostasis, the tendency toward a relatively stable equilibrium between interdependent elements, is all at once a state of being that already exists and one that will never exist, for the natural world’s constant striving towards this state ensures that a perfect balance will never be achieved.

Yet despite the constant struggles in the natural world, the clashes between immovable objects and irresistible forces, the interplay between predator and prey, and the aggregation of slow processes which unite to cause large scale natural spectacles and events, are living proof of the laws that they are governed by, a set of rules that we hold out as natural law.

Mankind, for all of its virtues, has tacitly adopted a large scale delusion with regards to the natural world.  The delusion is this, that all of nature’s struggles, interplays, and slow processes can be tamed or manipulated to bring about a constant state of balance in which he can plan, build, and operate with a high degree of certainty.

The widespread belief in this delusion, while seemingly noble and painstakingly practical, has flourished and proliferated under the current monetary system, in which the monetary premium, which is the highest expression of value that can be attributed to a good, has been completely removed from the natural world and is largely attributed to debt instruments, which ultimately rest on nothing more than the well intended promises of men.

Mankind’s day to day activities, which are the result of the choices that each man or woman individually take, often unconsciously, are largely dedicated to obtaining an increased portion of the monetary premium.  With this given, it holds that the activities of mankind, to the extent that they succeed in their pursuit of the monetary premium, serve to throw the natural world ever further out of its delicate balance, which in turn gives rise to nature’s need to rebalance itself in order to comply with the immutable natural laws under which it must operate.

This volume, which is the most important and forms the basis for the previous five and all subsequent volumes in the Why what we use as Money Matters series, deals with natural law and mankind’s most suitable response to its many and varied demands, the capitalistic system.

It does so by presenting the ideologic basis of the true capitalistic system, a system rooted in the principles of freedom and private property.  It further examines the specific demands of natural law and mankind’s failed response to it, which is the large scale socialist system which is violently forced upon mankind through the mechanism of large scale government.  The concept of the large scale socialist system is referred to throughout this volume as a product of the “might makes right,” mentality.

While mankind is a mere forty years into the present monetary experiment in which the monetary premium has been increasingly associated with debt instruments, the effects of the removal of the monetary premium from the natural world are already evident. The consequences are staggering, and are currently manifesting themselves in the natural world through a phenomenon that has been labeled climate change.

The label is woefully misleading, as the climate is not simply changing, rather, the natural world is becoming increasingly unstable as it desperately seeks to balance as the activities of men, which previously worked in relative harmony with nature, with the immutable demands of natural law.

The current debt based monetary system and its tendency towards centralized planning and decision making has not only caused significant imbalances in trade and resource allocation, it is increasingly causing the earth itself to react more and more violently as it alone strives to comply with the demands of natural law.

For mankind, once the earth’s unwitting yet faithful custodian, has become its well meaning adversary.  The root of this growing antagonism between man and nature is money, and the only remedy is to return the monetary premium to its rightful place in the natural realm.

For so long as it rests solely on the hopes and dreams of mankind, the power of the monetary premium is in the employ of the most destructive force on the planet.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for April 19, 2013

Copper Price per Lb: $3.15
Oil Price per Barrel:  $88.01
Corn Price per Bushel:  $6.52
10 Yr US Treasury Bond:  1.70%
Mt Gox Bitcoin price in US:  $119.50
FED Target Rate:  0.15%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,407 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  -0.2%
Dow Jones Industrial Average:  14,548
M1 Monetary Base:  $2,437,900,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base:  $10,645,600,000,000

On Rumors that Zimbabwe will officially adopt the Bitcoin

4/16/2013 Portland, Oregon – Pop in your mints…

Much has occurred since our last correspondence.  First, tragically, another act of terrorism has rocked the land of the free.  Our thoughts and prayers go out to all affected.  Once again, we are reminded of Robert Kennedy’s speech on the menace of violence.  For those who have never heard it, it is well worth a listen.

Source IMF via the Money Game.
Source IMF via the MoneyGame

Well before the twin blasts interrupted a peaceful Boston afternoon, two of our key indicators and our investment of choice here at The Mint, silver, took an unprecedented bath.

No, the data below on both the Bitcoin and Gold price are not typos.  As a Goldman Report put it:  “There are weeks when decades happen” or something to that effect, with regards to the action in the gold markets.

Essentially, 500 tonnes of gold were sold in the most recent selloff.  Where it will come from or whether or not it will actually be delivered, nobody knows.  It is certainly fodder for those who claim these markets are manipulated.  Even so, there is no divine law as to what the price of things in US dollars should be.  As such, those involved in the trade must accept their random fate, no matter how unjust it feels.

The Bitcoin somehow found its footing around $65 USD after crashing down to the canvas from $260.

However, the amazing, or perhaps not so amazing, if you have read our most recent eBook, part of the story is that it is still trading around $65 USD.  This is an amazing commentary on the state of national currencies.  How long can the central bank issued national currencies compete when a lifeless logarithm is doing their job better than they ever could?

Bitcoins: What they are and how to use them
Bitcoins: What they are and how to use them

We, along with the rest of the Bitcoin community, have been developing some innovative ideas about how to make Bitcoins more accessible to the general public.  If you have $150,000 and care to help us launch the initiative more quickly (as an investor, naturally, this is not a charitable endeavor, at least, that is not the intention!) please email us for more information.  You could significantly reduce our launch time in what will soon be a highly lucrative and competitive market:  Building the Bitcoin infrastructure.

Perhaps our seed capital will come from none other than Zimbabwe.  Those who have followed currency matters will recall that just five years ago Zimbabwe gave the world a rare glimpse of hyperinflation and one trillion dollar bill.  In the now infamous words of Gideon Gono, Governor of the Reserve Bank of Zimbabwe:

“I’ve been condemned by traditional economists who said that printing money is responsible for inflation. Out of the necessity to exist, to ensure my people survive, I had to find myself printing money. I found myself doing extraordinary things that aren’t in the textbooks. Then the IMF asked the U.S. to please print money. I began to see the whole world now in a mode of practicing what they have been saying I should not. I decided that God had been on my side and had come to vindicate me.”

In a page that has since been removed from CNN’s ireport {SEE UPDATE BELOW}, we saw a rumor that Zimbabwe was poised to adopt the Bitcoin as its official currency.  Perhaps Mr. Gono got a hold of our book?

{UPDATE 4/17/2013: The page has been updated and can be seen here.  It now appears that Zimbabwe rumor is now official, though unverified by CNN.}

Meanwhile, as Bitcoin, Gold, Silver, and Oil crash, the monetary measures continue to spiral out of control.  There are some big naked shorts out there, and Mr. Bernanke may, for a finale as Fed Chairman, borrow a page from Mr. Gono’s playbook circa 2009 in an attempt to cover them.  Given the IMF’s global growth forecast, we deem it a virtual certainty.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for April 16, 2013

Copper Price per Lb: $3.44
Oil Price per Barrel:  $88.97
Corn Price per Bushel:  $6.63
10 Yr US Treasury Bond:  1.72%
Mt Gox Bitcoin price in US:  $68.00
FED Target Rate:  0.15%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,374 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  -0.2%
Dow Jones Industrial Average:  14,757
M1 Monetary Base:  $2,655,000,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base:  $10,636,100,000,000

Bitcoin hits $200 just ahead of our eBook release

4/9/2013 Portland, Oregon – Pop in your mints…

The Bitcoin is currently trading at $235, and fortunately, by forfeiting a few hours of sleep and employing the miracle of digital distribution channels, we have been able to deliver on yesterday’s promise to have our small contribution to the Bitcoin universe available.

Bitcoins:  What they are and how to use them:  A Beginner’s Guide to adopting the Gold Standard in Digital Currencies

It is now available and can be had for just $0.99, or roughly 0.00442340 Bitcoins at the current USD/Bitcoin conversion rate.  You can pay in Bitcoins and download a the PDF here at The Mint.  It is also available in multiple formats over at Smashwords.com and on Amazon’s Kindle.  For the time being, you will have to pay the later two distributors in US Dollars.

However, should Mark Coker and Jeff Bezos read and implement the steps in our guide, they will no doubt be well on their way to Bitcoin adoption, as you will be, by the time you read these words.

Bitcoins: What they are and how to use them
Bitcoins: What they are and how to use them

While it is by no means a complete Bitcoin bible, it is akin to a Bitcoin gospel, full of observations, setting, and the practical implications of the Bitcoin’s emergence.  The information contained in the guide will leave the reader with both a solid understanding of what a Bitcoin is, its usefulness in trade, and finally and most importantly, how to use it.

Admittedly, it is a roughly hewn gem.  However, the Bitcoin phenomenon is moving at a pace unimaginable just years ago and time is of the essence.  As such, we are presenting the introduction to Section II as well as the first and most important step to personal Bitcoin adoption, establishing a Bitcoin wallet, today as a public service here at The Mint.  You may click here to read it.

A final note that those of you who have taken the step of purchasing the eBook, to whom which we are eternally grateful, if you do not need to be convinced of Bitcoin’s usefulness, we recommend diving straight into Section II of the guide:  It contains a roadmap which, if followed, will set you well ahead of your online peers in terms of being able to accept and trade in terms of Bitcoins.

As the Bitcoin phenomenon takes off at lightening speed, this may be one of those rare times that it pays to leap before looking.  There will be plenty of time to reflect and read section I and the appendix once you are comfortably retired as a result of being an relatively early Bitcoin adopter.

For, if we are correct, the Bitcoin represents not merely another fad, it will come to represent digital gold, the measuring stick by which all subsequent digital currency issues will be measured.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for April 9, 2013

Copper Price per Lb: $3.44
Oil Price per Barrel:  $93.94
Corn Price per Bushel:  $6.44
10 Yr US Treasury Bond:  1.75%
Mt Gox Bitcoin price in US:  $235.11
FED Target Rate:  0.15%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,586 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  0.7%
Dow Jones Industrial Average:  14,674
M1 Monetary Base:  $2,534,800,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base:  $10,501,300,000,000