The Mint Money Supply Digest for May 24, 2013

5/24/2013 Portland, Oregon – Pop in your mints…

We were honored yesterday to be mentioned alongside a host of names with more weight and prestige than our own by a writer whom we greatly admire, Jason Hommel, on a list he has compiled of Christian Libertarian resources.  We have often referred to Mr. Hommel’s vast trove of research into both the silver market and eschatology (specifically the scriptural and empirical support for a pre-tribulation rapture), which he has published at both the Silver Stock Report and respectively, in our own investigation of these matters.  Indeed, Mr. Hommel has performed the world a great service through much of what he shares.

While we do not know him personally, we appear to share similar interests and applaud his bold search for truth and, perhaps more importantly, the tenacity with which he defends it once discovered.  Most who have tried find that truth is not often welcomed this side of heaven, at best it is ignored and then attacked as others come to know it.  Well done Jason, we cheer you on from our corner of the world and wish you all the best!

The matter gave us pause to think about what it means to be a Christian Libertarian.  Indeed, some who may be reading this site on Mr. Hommel’s may wonder where we stand on certain matters.

There two things that we we know.  One, that the God of the Bible is the one true God, and that He is our friend.  He revealed himself to us and, we believe to all of humanity, through the Messiah, commonly known as Jesus in our experience.  In this revelation, he made it clear that we are to Forgive as He has forgiven us, it is his one simple requirement.  Sacrifices are meaningless, what He desires is to be close to us.  We know that we will live with Him for eternity, no matter what happens here and now.

If this makes us a Christian, so be it.

We also recognize that God has given all of us a free will, which is a logical precondition for His relationship with us.  Some use this free will to liberate others, some use it to enslave them.

Yet it is clear that the whole mass of humanity is obligated to respond to the demands of an inherently anarchic world of our own devising because of our willful ignorance and defiance of God.  For both those of us who know and love God and those who are either ignorant of or defiant towards Him, our only hope of survival lies in our willingness to peacefully cooperate with one another.  This cooperation works best when it is done voluntarily without compulsion.

If this makes us a Libertarian, so be it.

Naturally, there is much more to say on both subjects, and we do pray that you will tune in from time to time.  We have attempted to collect our stream of consciousness, for lack of a better term, in a series of ebooks.  We are currently working on the last volume of what will be our mini treatise, “To Build up the Land,” which we hope to have on digital shelves by the end of May.

Shifting gears to the Money Supply, the M1 measurement clocked another steep week over week decline, this time on the order of 2.12%.  Again, while the week to week shifts in base money are volatile by nature, this now constitutes an 8% + drop.

This is bad news on a number of levels, and the Central Bankers of the world are now moving into overdrive with respect to money creation.  Will the succeed in holding off the coming depression?

Thanks again for reading and a special thanks to Mr. Hommel, we consider mention on your site to be a great honor.  Be encouraged in your work, for it is extremely important.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint


Key Indicators for May 24, 2013

Copper Price per Lb: $3.29
Oil Price per Barrel:  $94.20
Corn Price per Bushel:  $6.57
10 Yr US Treasury Bond:  2.01%
Mt Gox Bitcoin price in US:  $133.55
Gold Price Per Ounce:  $1,383 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.5%
Inflation Rate (CPI):  -0.4%
Dow Jones Industrial Average:  15,296
M1 Monetary Base:  $2,429,700,000,000 ANOTHER MARKED DROP
M2 Monetary Base:  $10,544,600,000,000