All posts by David Mint

Portland, Oregon, United States David Mint has a Bachelors degree in Business Administration from Colorado State University and an MBA from the Universitat de Barcelona, Spain. He has over 15 years of experience in Accounting, Finance, Treasury, and Information Systems Consulting positions both in the United States and Spain.

Bitcoin, Cryptocurrencies, and Alternative Payment Systems: A Panel Discussion

BitcoinFor those who are in the Portland area, the Oregon & SW Washington Association for Financial Professionals is hosting a panel discussion on Bitcoin, Cryptocurrencies, and Alternative Payment Systems on Wednesday, February 18th at 11:30am at the Multnomah Athletic Club.

As you can see, the panelists are top notch:

Lawrence I Lerner of LERNER Consulting – Change Agent in digital strategy, payments, security, change management, and retail: http://lawrenceilerner.com/

Ian Pulicano – Digital currency specialist and co-founder of Bit Consultants.  Building the new paradigm

Anna Guyton – Co-Founder of Bit Consultants, Bitcoin educator and integration specialist, encouraging individual and local self-sufficiency https://bitconsultants.org/

Mike Fors – Founder of BitcoinNW, Bitcoin evangelist, and owner of a Bitcoin Kiosk located in Pioneer Square: www.bitcoinnw.com

George K. Fogg – Partner, Perkins Coie, LLP, national co-chair of firm’s Financial Transactions and Restructuring practice and a member of the firm’s Virtual Currency Team

Your’s truly will be moderating and generally trying to stay out of the way of what promises to be an interesting, informative, and timely discussion amongst those in the Pacific Northwest who are at the forefront in this exciting and perplexing space.

You can register for the event here: http://oregonafp.camp7.org/event-1844146

First time guests to the group are free, which is a nice.  Hurry, though, as space is limited.  Hope to see you for this important topic and Stay Fresh!

An Ode to Papa Jerry

Jerry and Bettie Mitchell
Jerry and Bettie Mitchell

Earlier this year in the class on Luke, we collectively learned that death is a form of healing. This being the case, our friend Jerry Mitchell was healed on January 28th, 2015. In terms dear to us as Samaritans, it may be said that Jerry graduated to heaven on that day.

Jerry Mitchell, or Papa Jerry, as we knew him, taught in the Beaverton School District until his retirement. He was already retired when we met him. We came to know Jerry as the cornerstone of Good Samaritan Ministries (GSM), a ministry with a call to “teach nothing but the Kingdom of God,” a call which continues to this day at GSM in Beaverton.

While Jerry’s wife, Bettie Mitchell, is recognized as the founder of the Ministry, she is always quick to recognize that Jerry, by giving permission for Bettie to leave her teaching job to pursue the Ministry full time, was the one who released the calling into action. It was he who supported and accompanied her through the years as the Ministry grew to touch lives not only in Beaverton but also in some 32 countries throughout the world.

Jerry was a veteran of World War II and a member of what Tom Brokaw famously referred to as “The Greatest Generation.” Jerry was a great fan of the Portland Trailblazers and was always quick with a smile and a joke. He was honest and approachable and loved children. It may truly be said that he never lost touch with the child within himself.

His positive impact as a soldier, teacher, and Samaritan can be seen today on four continents, and we count ourselves blessed to have had our hearts warmed by knowing Papa Jerry towards the twilight of his wonderful life. The world is a better place because Papa Jerry lived.

Rest in peace Papa Jerry, and thank you for your many sacrifices this side of heaven. We look forward to the time when we will meet again on the other side.

The Healing Miracles of Jesus Recorded in Luke

Healing Peter's mother-in-law by John Bridges, 19th century. Mark 1:29-31, Luke 4:38-41 and Matthew 8:14-15.
Healing Peter’s mother-in-law by John Bridges, 19th century. Mark 1:29-31, Luke 4:38-41 and Matthew 8:14-15.

The following are notes and Materials we used when teaching a class on January 7th, 2015 at Good Samaritan Ministries in Beaverton.  The class was on the Healing Miracles of Jesus Recorded in Luke.

For setting, we set the class up with a row of seats back to back in the middle, with a perimeter of seats in the shape of a U around this row.  It gave the class a feel that they were in a doctor’s waiting room and served to drive interaction.

We began the class by recounting a recent medical incident that involved a bit of drama.  You can use a similar story of your own or borrow ours:  Narrative of Medical Incident – Intro

We then handed out the following medical questionaire to the class.  As you will see, it was a bit daunting (the attendees did come under the impression that they were attending a Bible class, after all):  In Depth Medical History Form

If you prefer, start with something lighter such as:  Medical History Form

In both cases, it is important to get the class thinking about their family as well, so a Family Medical History Questionnaire is in order:  Family Medical History Form

As the class is filling these out, move through the outline, asking questions about recent experiences at the doctor, etc.  Try to get people focused on the concept of healing.  Key questions:  What does healing look like?  What form does it take?  How do you know when you are healed or have healed someone?

Refer to the class outline “When the Silence Comes, the Healing Takes Place” for a full narrative where the facilitator plays the role of Luke for the audience, telling them about Jesus, the doctor.  This outline also contains the key questions to the class for this teaching.

About halfway through this narrative, where Luke refers to the “Last Page” of the forms, direct them to this surprisingly simple and profound “Healing Eligibility Questionnaire.

You can either have this form at the back of the other questionnaires you have handed them or pretend that you forgot to give it to them, and that it is really the only form that is required.  In the class we taught, we pretended to forget it and people were as relieved to see it as they were shocked to recieve the first, exhaustive round of forms.

Raising of Jairus' Daughter by Paolo Veronese, 1546. Mark 5:21–43, Matthew 9:18–26, Luke 8:40–56
Raising of Jairus’ Daughter by Paolo Veronese, 1546. Mark 5:21–43, Matthew 9:18–26, Luke 8:40–56

You then will hand out a “Frequently Asked Questions” sheet to the class which will cause them to think deeply about healing in the Biblical context.

Now that the introduction to the material has taken place, the class is prepared to hear the miracles.  We have identified the following passages in Luke as containing references to a healing miracle.  The teacher is to read them, one by one aloud and allow the Lord to guide them in their teaching one another:

Luke 4:23-27, 31-37, 38-39, 40-41

Luke 5:12-16, 17-26

Luke 6:6-11, 17-19

Luke 7:1-10, 11-17, 21-30

Luke 8:26-39, 40-56

As you ask around the room, you will be astonished at how many people have witnessed a healing miracle.  In our class, one women shared that she had seen her daughter raised from the dead in the 1980’s, and that her son, who had a severe developmental disorder, had been dead twice and both times was resuscitated.

Resurrection of the Widow's son from Nain, altar panel by Lucas Cranach the Younger, c. 1569, in the Stadtkirche Wittenberg. Luke 7:11-17
Resurrection of the Widow’s son from Nain, altar panel by Lucas Cranach the Younger, c. 1569, in the Stadtkirche Wittenberg. Luke 7:11-17

Luke 9:1-6, 10-11, 37-43

Luke 10:1-12

Luke 13:10-17, 32-33

Luke 14:1-6

Luke 17:11-19

Luke 18:35-43

Luke 19:1-10

Luke 22:50-51

It is astonishing that Jesus healed even as he was being betrayed on the Mount of Olives.

In reviewing these miracles, you can see Luke, as a physician, gave a great deal of importance to the Healings Jesus performed.

Two key insights that were gained when we gave the class on the 7th were, first, that healing can be defined as the continuity/alignment of the spirit, mind, and body.  Second, that physical death is a form of healing.

At the end of the class, return to the questions on the Healing Eligibility questionnaire.  Ask them again.

To close, we prepared a PowerPoint presentation of artist’s depictions of the Healing Miracles found in Luke.  The PowerPoint can be downloaded here: Healing Miracles of Jesus in Luke PowerPoint

You can see the PowerPoint put to music below:

Close the class in prayer.

We pray that this teaching will heal all those who teach and hear it, for it is the power of the Living God within us all to heal, if only we believe.

You can see how the teaching went on January 7th, 2015 at GSM in Beaverton in the video below.  We didn’t get to the slideshow, but somehow it did not matter.  The healing came to us.

Freed by the Fire, The Fourth Man

The Book of Daniel, Chapter 3
Nebuchadnezzar the king made an image of gold, whose height was sixty cubits,* and its width six cubits. He set it up in the plain of Dura, in the province of Babylon. Then Nebuchadnezzar the king sent to gather together the local governors, the deputies, and the governors, the judges, the treasurers, the counselors, the sheriffs, and all the rulers of the provinces, to come to the dedication of the image which Nebuchadnezzar the king had set up. Then the local governors, the deputies, and the governors, the judges, the treasurers, the counselors, the sheriffs, and all the rulers of the provinces, were gathered together to the dedication of the image that Nebuchadnezzar the king had set up; and they stood before the image that Nebuchadnezzar had set up.
Then the herald cried aloud, “To you it is commanded, peoples, nations, and languages, that whenever you hear the sound of the horn, flute, zither, lyre, harp, pipe, and all kinds of music, you fall down and worship the golden image that Nebuchadnezzar the king has set up. Whoever doesn’t fall down and worship shall be cast into the middle of a burning fiery furnace the same hour.”
Therefore at that time, when all the peoples heard the sound of the horn, flute, zither, lyre, harp, pipe, and all kinds of music, all the peoples, the nations, and the languages, fell down and worshiped the golden image that Nebuchadnezzar the king had set up.
Therefore at that time certain Chaldeans came near, and brought accusation against the Jews. They answered Nebuchadnezzar the king, “O king, live for ever! 10 You, O king, have made a decree, that every man that hears the sound of the horn, flute, zither, lyre, harp, pipe, and all kinds of music, shall fall down and worship the golden image; 11 and whoever doesn’t fall down and worship shall be cast into the middle of a burning fiery furnace. 12 There are certain Jews whom you have appointed over the affairs of the province of Babylon: Shadrach, Meshach, and Abednego. These men, O king, have not respected you. They don’t serve your gods, and don’t worship the golden image which you have set up.”
13 Then Nebuchadnezzar in rage and fury commanded that Shadrach, Meshach, and Abednego be brought. Then these men were brought before the king. 14 Nebuchadnezzar answered them, “Is it on purpose, Shadrach, Meshach, and Abednego, that you don’t serve my god, nor worship the golden image which I have set up? 15 Now if you are ready whenever you hear the sound of the horn, flute, zither, lyre, harp, pipe, and all kinds of music to fall down and worship the image which I have made, good; but if you don’t worship, you shall be cast the same hour into the middle of a burning fiery furnace. Who is that god that will deliver you out of my hands?”
16 Shadrach, Meshach, and Abednego answered the king, “Nebuchadnezzar, we have no need to answer you in this matter. 17 If it happens, our God whom we serve is able to deliver us from the burning fiery furnace; and he will deliver us out of your hand, O king. 18 But if not, let it be known to you, O king, that we will not serve your gods or worship the golden image which you have set up.”
Shadrach, Meshach, and Abednego by Simeon Solomon, 1863
“Simeon Solomon – Shadrach Meshach Shadrach, Meshach, and Abednego by Simeon Solomon, 1863

19 Then Nebuchadnezzar was full of fury, and the form of his appearance was changed against Shadrach, Meshach, and Abednego. He spoke, and commanded that they should heat the furnace seven times more than it was usually heated. 20 He commanded certain mighty men who were in his army to bind Shadrach, Meshach, and Abednego, and to cast them into the burning fiery furnace. 21 Then these men were bound in their pants, their tunics, and their mantles, and their other clothes, and were cast into the middle of the burning fiery furnace. 22 Therefore because the king’s commandment was urgent, and the furnace exceeding hot, the flame of the fire killed those men who took up Shadrach, Meshach, and Abednego. 23 These three men, Shadrach, Meshach, and Abednego, fell down bound into the middle of the burning fiery furnace.

24 Then Nebuchadnezzar the king was astonished, and rose up in haste. He spoke and said to his counselors, “Didn’t we cast three men bound into the middle of the fire?”
They answered the king, “True, O king.”
25 He answered, “Look, I see four men loose, walking in the middle of the fire, and they are unharmed. The appearance of the fourth is like a son of the gods.”
26 Then Nebuchadnezzar came near to the mouth of the burning fiery furnace. He spoke and said, “Shadrach, Meshach, and Abednego, you servants of the Most High God, come out, and come here!”
Then Shadrach, Meshach, and Abednego came out of the middle of the fire. 27 The local governors, the deputies, and the governors, and the king’s counselors, being gathered together, saw these men, that the fire had no power on their bodies. The hair of their head wasn’t singed. Their pants weren’t changed, the smell of fire wasn’t even on them.
28 Nebuchadnezzar spoke and said, “Blessed be the God of Shadrach, Meshach, and Abednego, who has sent his angel, and delivered his servants who trusted in him, and have changed the king’s word, and have yielded their bodies, that they might not serve nor worship any god, except their own God. 29 Therefore I make a decree, that every people, nation, and language, which speak anything evil against the God of Shadrach, Meshach, and Abednego, shall be cut in pieces, and their houses shall be made a dunghill; because there is no other god who is able to deliver like this.”
30 Then the king promoted Shadrach, Meshach, and Abednego in the province of Babylon.

Today our Pastor gave a profound teaching on this chapter.  There are two eternal lessons we can all take from Daniel 3:

When you are in an impossible situation, do not play along, hold true to your values.  Further, when they throw you into the fire, know that it is the fire that frees you.

When you are in the fire, don’t miss the fourth man who is there with you.  Jews believe it to be the Archangel Michael, Christians believe it to be Jesus, and in both cases it is the Living God who is with us in the trial.

La Granja Tributaria

La Granja Tributaria.  Un lugar que parece ser “casa” por el mayor parte del año, hasta que el granjero pasa a sacar la leche.

La Granja Tributaria circa 1964
La Granja Tributaria circa 1964

Hace poco realizamos un curso para dueños de empresas pequeñas y medianas en Portland y los alrededores.  Presentamos aquí, como servicio al publico de The Mint, las materias del curso por si le puede servir a alguien en nuestra audiencia.

El Archivo PowerPoint: Tax Prep Class SPANISH 1-14-2015

El PowerPoint por YouTube:

Recursos en Portland para preparar su declaración anual: Tax Preparation Guide English – Spanish

Páginas web claves:  Ayuda Tributaria en Español

El IRS en Español:  http://www.irs.gov/Spanish

La Granja Tributaria circa 2014
La Granja Tributaria circa 2014

Un consejo, los impuestos son un asunto muy personal, y no hay ninguna situación que sea igual al suyo.  Por eso rogamos que, si tiene alguna duda, que se ponga en contacto con un profesional en su localidad.  Según la situación en la que uno se encuentre, tener sus asuntos en orden con la granja tributaria puede ser muy valioso.

Mucha suerte!  Y qué el granjero no le saque demasiado este año.

 

Digital Silver

1/11/2015 Portland, Oregon – Pop in your mints…

A belated happy new year to our fellow taxpayers. While the pages of The Mint have been quiet, The Mint himself has been pressing forward on a number of initiatives. Perhaps the most notable being our renewed interest in Tax Planning and preparation, which is a natural complement to our virtual CFO and associated services. More to come on that.

Long-suffering readers of The Mint are well aware of our views on monetary theory. Throughout the ages, true money has generally taken the form of gold and/or silver. However, for roughly 44 years now, mankind has been on an extremely dangerous experiment in which debt has come to take the place of money in everyday transactions. While it may seem a completely normal manner of transacting business today, it is lost on most that money and debt are actually polar opposites. They are meant to cancel each other out in trade and, in doing so, maintain the quantity of one another and by extension all of world trade and economic activity, in balance.

However, when money becomes debt, then debt can only be cancelled by the issuance of more debt, which means that the primary impulse of all economic activity is not a well thought out response to the laws of supply and demand, but a response to whether or not the supply of debt instruments in the world is increasing or decreasing.

The period between 2008 and 2013 has been marked by a relative stagnation in what was until then a steady wave of increasing credit post 1971. This stagnation was almost fatal to the debt based monetary system that, by definition, counts on an infinite expansion in the quantity of debt for its very existence.

The current expansion, which began in 2014 and is set to accelerate through 2015 and beyond, is already causing cosmic shifts in the economy. Old, established companies and brands are being supplanted by a phenomenon that is best exemplified by social media platforms: Hyper focused content delivery and a wholesale fragmentation of what were, just five years ago, long-established norms around consumer behavior. Large brands are losing the edge as consumers can increasingly tailor the content that passes by their eyeballs on social media and, further, consume almost any type of media on demand.

This shift is once again propelling a large wave of growth, which means that soon, consumers will begin to demand increasing amounts of credit so that they can underwrite their various individual activities necessitated by this shift.

What place does Silver have in this brave new world? At $16.57 an ounce, physical silver is taking a short breather as the world’s best investment. However, a new form of Silver is rising to take its place.

Silver Money
Digital Silver in the form of unsecured credit at your fingertips

Silver Money Service is a simple mobile app that filters hundreds of credit card offers to help you find unsecured credit that suits your needs. While at first this may seem an elementary concept, the utility of the Silver app, which is currently available for Android and iPhone, cannot be overstated.

As much as we are loath to admit it, most consumers will need to increase their credit footprint over the coming year in order to keep pace with inflation. What the Silver app does is simply save consumers tens if not hundreds of hours sifting through credit card offers in the mail and on the internet.  By asking a few simple questions, Silver guides the user to the current credit card offerings that are best suited to their needs.

How does it work?  As we mentioned above, the app asks the user a simple, multiple-choice question:

  1. Which type of card are you looking for?
    • Rewards
    • Cash back
    • Low Interest
    • Bad Credit

From there, it asks the user a second, again multiple choice question based on their response to the first in order to tailor its results to the user’s unique credit needs.  The app then presents a list of the relevant credit card offers alongside buttons that allow the user to contact the credit card provider directly via telephone, email, or directly at their website.


Silver’s refreshingly simple and intuitive approach to assisting consumers in expanding their credit footprint.  You can download this handy app that the Google Play store and the iPhone App Store today and get a head start on your peers.

While physical silver will always be a safe harbor, the Silver app may prove more useful over the coming years as a way to fund the next wave of credit expansion. Even if you are a gold or silver bug, you can use the Silver app to get a credit card to get ahead of the curve by ordering your next tube of rounds or silver bars from your favorite bullion dealer.

For in the blow off phase, it won’t matter how much unsecured debt one has to pay back, but what real assets one has on hand to confront the gradual disintegration of the real economy.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Key Indicators for January 11, 2015

Copper Price per Lb: $2.79
Oil Price per Barrel (WTI):  $47.58

Corn Price per Bushel:  $4.00
10 Yr US Treasury Bond:  1.97%
Bitcoin price in US: $276.80
FED Target Rate:  0.12%
Gold Price Per Ounce:  $1,225

MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  5.6%
Inflation Rate (CPI):  -0.3%
Dow Jones Industrial Average:  17,737
M1 Monetary Base:  $3,157,800,000,000

M2 Monetary Base:  $11,769,400,000,000

Thomas Friedman’s Brief Theory of Everything

12/15/2014 Portland, Oregon – Pop in your mints…

At the closing session of the 2014 AFP National Conference, New York Times columnist and three time Pulitzer Prize winner Thomas Friedman gave a great discourse related to the biggest trends in the US and indeed the world today.  For those who are unfamiliar with Friedman’s work, suffice it to say that he is one of the more influential voices on the planet via his post at the New York Times.  As his discourse will reveal, he writes on foreign affairs, globalization, and environmental issues.

Thomas Friedman By Charles Haynes (Charles Haynes' flickr account) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons
Thomas Friedman By Charles Haynes (Charles Haynes’ flickr account) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons
Friedman is also a bestselling author, and many of his working hypotheses can be found in his 2005 International Best Seller, The World is Flat:  A Brief History of the Twenty-First Century.  In the book, Friedman lays out 10 “flatteners,” or things that he points to that are enabling the trend of leveling the global playing field.

On the afternoon of November 4th in Washington, D.C., Friedman shared a number of interesting insights with our audience of Finance leaders, among them is his own recognition of the effects that the forces he describes have on his own ability to influence American and global thought.  As he puts it {with a slight paraphrase to add context}, “Thirty years ago, James Reston, my predecessor would ask himself every morning, ‘I wonder what my seven competitors are going to write today?’  Today, I sit in my office and ask myself ‘I wonder what my 70 million competitors are going to write today?”

While we may not agree completely with Friedman’s ideologies at base, it cannot be denied that he is compelling to listen to.  His voice is inquisitive and familiar, and his depth of experience in the idea realm gives his opinions, whether one fully agrees with them or not, a strange authority of their own.  You can listen via the link below to one of the finest discourses we have ever had the pleasure of listening to:

Below are some of the most interesting points Friedman brings up, along with their corresponding time stamp on the above recording:

At 2:40:  Is the US’s OODA loop broken?  Friedman expresses concern about the US Government’s ability to Observe, Orient, Decide, and Act using a metaphor from the US Air Force.

At 4:25: – As Historians look back at our times, Friedman believes that they would identify as the most important things happening in the early 21st is that the three biggest forces on the planet, The Market, Moore’s Law, and Mother Nature, all went into hyper growth at the same time.

At 5:50: – The story of the Chessboard brought up in the book The Second Machine Age.  The Chessboard parable is cited as popular in Silicon Valley, and the morale is that, when you double something 63 times, you get 18 quintillion of whatever it is.  Friedman cites the Chessboard analogy a number of times in the discourse.  He believes that the world is in the “Second half of the Chessboard” in terms of the velocity of change with respect to The Market, Moore’s Law, and Mother Nature.

At 8:00: – The 2004 Thesis of The World Is Flat is that the convergence of four factors, the PC, the Internet, Workflow Software, and Search capabilities, that were melding together to form a platform that was allowing for large scale collaboration on a level never before experienced. {Editor’s Note: We closely observed this trend as an MBA student in Barcelona and it has continued to transform the way we live and work today, 10 years on. }

At 11:07 – In the past 10 years, with the advent of Facebook, Twitter, Skype, and the like, the world went from connected to hyper connected, and from interconnected to interdependent.  We are in the second half of the Chessboard with regards to globalization.

At 13:45 – Friedman begins to speak on the Environment, what happens when Mother Nature enters the second half of the Chessboard.  He cites the fact that the amount of carbon in the earth’s atmosphere is increasing 100 times faster today than it was at the end of the last ice age.  He also observes that the population of the earth has doubled in his lifetime, from 1959 to 1999, from 3 billion to 6 billion people.

At 21:00 – Friedman brings up the drought in Syria between 2006 and 2010, the most severe in modern history, as the cause of the revolution that rages there today.  One million Syrians, who had previously dedicated themselves to agriculture in the countryside, flocked to the cities, overwhelming the infrastructure.  Here, he also highlights the fact that Sao Paulo, Brazil, may become the first major city to run out of water due to a combination of a prolonged drought and the effects of deforestation of the wetlands and watersheds of its major water sources.

At 22:30 – What does it mean?  This is a great world to be a consumer, a maker (Entrepreneur), and a breaker (here Friedman cites ISIS’s use of social media as its command and control system).  It is a terrible world to be a leader (every leader is in a two way conversation).

At 30:10 – Average is over for countries as Mother Nature, The Market, and Moore’s Law enter the second half of the chessboard.  Developing countries are stressed, and weak countries are failing and entering disorder.

At 32:52 – This is perhaps Friedman’s most important insight Average is over for every worker.  Every worker must identify their unique value add.  “When I graduated from college, I had to find a job.  When you graduate from college, you will need to make your job.”  Every middle class job is being pulled up, out, and down.  The high wage, middle skill job, is over.  There are now only high wage, high skill jobs.

At 36:31 – Friedman speaks of the effects of Globalization on his own job.  Thanks to the internet, he now has 70 million competitors whereas his predecessor, James Reston, had 7.

At 39:30 – The three tiers of work, the first tier was non-routine, second tier was routine; the third tier was non-routine, local work, are being rattled to the core.  The second tier is being crushed, and the wages of the third tier non-routine depends upon the quality of the first tier non-routine.  Further, the first tier, non-routine must also be “creative” non-routine.

At 42:00 – You need more than the three R’s: Reading, Writing, and Arithmetic, you need the four c’s:  Creativity, Communication, Collaboration, and Critical Thinking, and the “M”:  Self-motivation.

At 44:07 – Now that the digital divide is gone, the good news ceilings and walls are gone; the bad news is that so are the floors.  For example, as an employer, Google doesn’t care what you know because it knows everything, but what you can do with it.

At 45:30 – Friedman’s five pieces of advice for his children, 1) Think like an immigrant, be a paranoid optimist, we are all new immigrants to the hyper connected world, 2) Think like an artisan, make what you make special, give it an extra effort, carve your initials into it, 3) Always be in beta, in Silicon Valley there is only one four letter word, Finished.  Always be in beta.  Literacy today is the ability to learn and relearn, 4) pq + cq > iq.  Perseverance/passion quotient + curiousity quotient is greater than a high intelligence quotient, 5) Think like an Entrepreneur:  Friedman paraphrases this as “Think like a pancake waitress,” do your best with those things under your control, and where you can, add value.

At 51:12 – Friedman fields a few questions from the audience and shares his thoughts on what needs to occur in the realm of politics.  The comments are timely as they come on the date of the 2014 US midterm elections.

This is one of the better discourses that we have been privileged to attend.  It is clear that Friedman is a deep thinker and has learned the art of expressing himself.  He is not especially clairvoyant, but he is deeply in touch with the times.  Evidence of his hypotheses is literally surging from every corner of the globe.

What will be your value add in the brave, new, flat, hyper connected world that is fast coming upon us?

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Key Indicators for December 15, 2014

Copper Price per Lb: $2.94
Oil Price per Barrel (WTI):  $55.99

Corn Price per Bushel:  $4.08
10 Yr US Treasury Bond:  2.12%
Bitcoin price in US:  $351.50
FED Target Rate:  0.12%
Gold Price Per Ounce:  $1,197

MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  5.8%
Inflation Rate (CPI):  0.0%
Dow Jones Industrial Average:  17,218
M1 Monetary Base:  $2,966,700,000,000

M2 Monetary Base:  $11,635,400,000,000