1/7/2014 Portland, Oregon – Pop in your mints…
The New Year has come according to the Gregorian calendar, and we wish our fellow taxpayers a happy and healthy 2014. We can hardly contain our excitement, as the calendar change seems to have awoken the slumbering giants of economic progress who have been holed up the past five years.
As an aside, if you are in the Portland area, tomorrow evening at Good Samaritan Ministries in Beaverton there will begin an important series of Bible classes at 6:30 pm. For those who are just now joining us, at the beginning of each calendar year, we choose approximately ten books of the Bible to be taught on and teach one of them each Wednesday evening until the 10 are complete, wrapping up the series of classes sometime in March.
The classes are unique in that each year we are opening the Bible as if we have never opened it before, throwing out preconceived notions and opinions and letting the Bible study us, not the other way around as is the common practice in much of Christendom, where the faithful study the Bible, as if we had something to add to it or the Bible required our approval. It is a simple juxtaposition of subjects that makes all the difference. We do not study the Bible, the Bible studies us.
Starting from this place, the teaching is fresh and earth shattering every time, for all who are in attendance become both teacher and student in this unique format. Again, the series begins tomorrow evening, January 8th at Good Samaritan Ministries in Beaverton. Our assignment this season is on Deuteronomy, and we will be allowing it to study us in mid February.
Its 2014: Just do it
2014 is setting up to be an extremely prosperous year, and, now that Janet Yellen has been confirmed as the Federal Reserve’s first Chairwoman, what could possibly go wrong?
The answer, of course, is many things. The world’s economy is built upon a shaky premise and the obligation to use debt-based currency brings with it a whole slew of unknowns that may become known over the next several months, such as, “what happens when borrowing and lending of a debt based currency become so disjointed that trading in said currency becomes not just unpalatable, but nearly impossible?” or “what happens when a $2.2 trillion dollar corporate cash hoard gets deployed all at once?”
The answers to these and other burning questions are likely to reveal themselves over the next several months.
Here at The Mint, we have been busy churning out proposals and other documents in hopes of attracting a portion of the downpour of cash that awaits those of us just beyond the spigot of the Federal Reserve System, hence the lapses in our faithful correspondence.
As we alluded to above, it will be an exciting year and one in which our broad advice is once again best encompassed in the three words made famous by a neighboring company:
Just do it.
If there is something you have put off, a dream, an idea, a plan, 2014 seems like as good of a time as any to execute it, the wind is at your back in terms of monetary measures. There is more than enough of it to go around, and were the money supplies of the world not centrally managed in what is an essentially Socialist system, it would be more evenly distributed throughout the economy by now.
As this is decidedly not the case, prepare to see large scale dislocations exacerbated by the widespread confusion surrounding the newest provisions of the health care law taking effect which will be most noticeable in the fact that getting an appointment with a medical provider will simply not be as easy as it has been in the past.
In other words, you can give everyone the right to health care but you can’t create doctors and nurses to provide said care out of thin air.
For this reason, we drink to the health of all our fellow taxpayers as the earth begins its latest run around the sun on the Gregorian calendar. The odds are it may be the only thing one needs to maintain in order to prosper this year.
Janet Yellen is taking care of the rest.
Stay tuned and Trust Jesus.
Stay Fresh!
Email: davidminteconomics@gmail.com
Key Indicators for January 7, 2014
Copper Price per Lb: $3.35
Oil Price per Barrel: $94.00
Corn Price per Bushel: $4.26
10 Yr US Treasury Bond: 2.94%
Mt Gox Bitcoin price in US: $909.00
FED Target Rate: 0.08% ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce: $1,232
MINT Perceived Target Rate*: 0.25%
Unemployment Rate: 7.0%
Inflation Rate (CPI): 0.0%
Dow Jones Industrial Average: 16,531
M1 Monetary Base: $2,758,400,000,000
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