Category Archives: Jesus

On the Importance of Religion: The Guard Rail Analogy

2/29/2012 Portland, Oregon – Pop in your mints…

This past weekend our Pastor, Fred Cason of True Life Fellowship in Beaverton, delivered a profound message.  As are many great metaphors in the modern west, it was came disguised as a vehicle metaphor.

What’s up with all the guard rails?

As each of us careen down the highways and canyons in life, from time to time we will observe to our left or right, a man made construction which, at a glance, appears to have little practical purpose.

In fact, it seems like a hindrance, an unnecessary distraction or limitation on an otherwise scenic drive.  If one dwells on it too long, its very existence may become quite bothersome indeed.

Yet guard rails serve an extremely important purpose.  For, if well placed, they can save a life.  They have the power to turn what would have been a deadly accident into a mere fender bender.  Fender benders are unpleasant, but they are much easier to repair and recover from than a fatality.

In some cases, guard rails are erected by those who have planned and built the road.  In other cases, they have been erected only after those whom have traveled down the road numerous times came to a tacit or explicit agreement as to where they are necessary.  While there may have been discussion as to exactly where to place them, their necessity was, at one point, obvious to all.

Regardless of how they got there, guardrails are set at places where the yellow painted lines were simply not enough to keep people from running off the road.

How are the guard rails in your life?

For guard rails which are carefully thought out are placed locations along the road where, were the driver to suffer a brief lapse in judgment or some sort of mechanical failure, the consequences for running off the road are the gravest.  Conversely, at places in the road where no such danger exists, it would be foolish to erect guard rails for the sake of erecting them.

A curiosity about guard rails, especially along the most scenic and well-traveled roads, is that they are often placed where the view is the best, which can make their existence extremely frustrating.

Yet they are there precisely because the very places where the view is spectacular are often where there is an extreme correlation between the level of distraction of the driver and the catastrophic consequences of running off the road into an abyss.

Do you see where this is going?

It is probably clear to most that a peculiar set of rules, commonly known as religion, determines the placement of the guard rails (the rules themselves in this metaphor) in one’s life.

The road is one’s life, their chosen path, the road where they have either intentionally traveled or via some obligatory detour, find themselves on.

Some roads are more dangerous than others, and require a careful placement of rules along the way in order to avoid hurtling one’s life towards disaster.  In this lies the benefit of religion.

Yet no one, save perhaps the guard rail contractor, chooses their road based solely on the guard rails placed along the way.

So, then, it is clear that the guard rail is not an end in and of itself.  In fact, when one is in control, focused on the road, and their vehicle is in good operating condition, they may not even notice the guard rails in their midst.

Guard rails will never provide one with focus or control of their vehicle, as rules will never provide one with focus or control of their life.  Only the Living God can provide this.

Ironically, the guardrail serves absolutely no purpose for the coherent, sober, focused driver.  It is the driver who, from time to time, gets distracted or willing takes their hands off the wheel (read, everyone on the planet) which to benefit the most from the guard rails’ (rules’) existence.

A final note, if you happen to find yourself on a road without any guard rails, it may be time to look for a different road.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

The Bible Clearly Explains the Consequences of a Debt based Monetary System

2/28/2012 Portland, Oregon – Pop in your mints…

Yesterday we took our fellow taxpayers for a detour which is leading us into what, for some, may be uncharted waters.  These waters are commonly known as the Bible, or the Word of God.  While seemingly unrelated to the discipline of economics and specifically monetary theory, it is important to gain an understanding of the Bible for two reasons:

  1. It is the most widely read book in the history of the world to date
  2. In its labyrinth of narratives, poetry, song, and prophecy, it provides the only coherent framework within which humans, who have been given the gift of reasoning, can understand the world in which they inhabit and what they are to do with their time here.

If only for these reasons alone, it is of the utmost importance that the Bible be understood if we are to gain any meaningful understanding of what is called the “economy” and our specific area of interest, monetary theory, as these disciplines make absolutely no sense without an understanding of the framework in which they operate.

Regardless of one’s preconceived judgments about the Bible’s ability to provide this framework, it is important to understand that a number of one’s fellow humans believe that the Bible provides this framework.  With this given, it can be inferred that this belief is, in whole or in part, is driving their choice of actions. 

A Bible Handwritten in Latin in Malmesbury Abbey, Wilshire, England. Transcribed in Belgium in the year 1407

However, if you remain unconvinced or simply do not have time or motivation to undertake a careful study of the Bible, we will relate what we understand, it is in no way a substitute for one’s personal and corporate study of the Bible, but we appreciate your confidence.

The lessons of the Bible are important and we reiterate, without an understanding of the framework of the Bible, nothing that is going to take place in the future will make sense but will appear to simply occur at random:

Truly we tell you, the events to come have been foretold.  The Kingdom of God is advancing.

What does it have to do with money?  Why is a proper understanding of what we use as money important?

We are glad you asked, allow us to explain:

The current monetary system which most of the Western world uses to each day is built on debt.  Debt, at its essence, is built a faith that persons will perform certain actions in the future.  Performance of these actions from the debtor’s perspective is homogenized as being able to order delivery of the debts of others to the creditor in order to satisfy the debt.

This activity and its consequences are conveniently summed up in Bible as the parable of the Unforgiving Debtor, which can be found in the Bible in the book of Matthew, Chapter  18, verses 21-35.

Wrapped up in a narrative which will take under two minutes to read, the final consequences of using debt as money have never been more clearly stated.  Please give it a read, it is important.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

 

Key Indicators for February 28, 2012

Copper Price per Lb: $3.86

Oil Price per Barrel:  $106.55

Corn Price per Bushel:  $6.53

10 Yr US Treasury Bond:  1.93%

FED Target Rate:  0.10%  ON AUTOPILOT, THE FED IS DEAD!

Gold Price Per Ounce:  $1,784

MINT Perceived Target Rate*:  1.00% AWAY WE GO!

Unemployment Rate:  8.3%

Inflation Rate (CPI):  0.2%

Dow Jones Industrial Average: 13,005

M1 Monetary Base:  $2,137,600,000,000

M2 Monetary Base:  $9,763,200,000,000

The Importance of the Bible, A Foray into E-Book publishing

2/27/2012 Portland, Oregon – Pop in your mints…

We have been busy here at The Mint publishing our first of what we hope will be many E-books.  To the surprise of many, it has nothing to do with Monetary Theory.  For Monetary Theory to have any coherence, a proper understanding of the world must first be established.  This E-Book is a humble attempt to begin this process for our dear fellow taxpayers.

Regardless of whether you believe that the Words of the Bible are true or if you are of the opinion that the Bible has nothing of relevance to say to the modern world, it is extremely urgent that you examine the Bible soon for it will provide the only coherent explanation for the events which are unfolding.

This particular E book deals with teaching the Bible, specifically the book of the prophet Hosea.  Fellow taxpayers who have an interest in the Bible are encouraged to take a peek at it here.  The book presents a method which is entirely different than any other teaching method which we have encountered, for it permits the Word of God to speak for itself, free of man’s distorted and too often self interested interpretations.

A book which teaches one to study the Bible may not be what one would expect from The Mint.  On the other hand, given that the Bible is our only hope of grasping a coherent, consistent truth from which all other events can be understood and put into perspective, there could perhaps be no more urgent or noble undertaking to which we must dedicate our lives

In the Bible, God did 10 amazing things: 

  1. He gave us a concrete understanding of our origins in a way so simple that a child can understand it.
  2. He gave us a historical narrative that can be archeologically corroborated should we have doubts that the events actually took place.
  3. He gave us 10 rules to live by which, if observed, would eradicate every social and many physical and mental ailments.
  4. He provided a number of other tips and suggestions which would further improve the general welfare.
  5. He gave us a brief summary so that we would not have to memorize the rules, tips, and suggestions in order to observe them.
  6. He gave us the choice whether to live by the rules and suggestions or not.
  7. He sent His Son to accept all of the natural consequences for failing to observe the rules and suggestions and in the process He vanquished the inevitability of death.
  8. He gave examples of every problem imaginable with regards to family and other human relationships, and then some.
  9. He laid down the division between good and evil which had nothing to do with observed behavior and everything to do with intent.
  10. He gave us a promise the He would physically return to dwell with us.

It should come as no surprise, then, that a correct understanding of the present state of the economy and of cause and effect can only be achieved by first understanding the essence of life, the world in which we live, and most importantly, who is ultimately in charge.

There is a need for understanding that can only be found in the Bible.  While reading the Bible is a good way to start, listening to the spoken word of the Bible in the presence of others is a much better way to gain the aforementioned understanding of life itself.

This E Book is an attempt to open the Word of God to be understood by many.  There is a deep need for people to take the hard assignments that are given to them as they gain this aforementioned understanding for themselves.

Are you ready, fellow taxpayer?

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

 

Key Indicators for February 27, 2012

Copper Price per Lb: $3.84

Oil Price per Barrel:  $107.96

Corn Price per Bushel:  $6.44

10 Yr US Treasury Bond:  1.92%

FED Target Rate:  0.08%  ON AUTOPILOT, THE FED IS DEAD!

Gold Price Per Ounce:  $1,768

MINT Perceived Target Rate*:  1.00% AWAY WE GO!

Unemployment Rate:  8.3%

Inflation Rate (CPI):  0.2%

Dow Jones Industrial Average: 12,981

M1 Monetary Base:  $2,137,600,000,000

M2 Monetary Base:  $9,763,200,000,000

Everybody Has a Voice

The following is another excerpt of a book which we have recently completed about teaching the Bible which focuses on some techniques that may be little known and are certainly seldom practiced today.  Here we present two more, “Everybody has a voice,” and an additional note on preparation.  Enjoy!

Taken from “Hosea: A brief guide for those who are lead to teach the book of Hosea

Everybody Has a Voice

The person who is teaching must recognize that they are not truly the teacher, per se, rather, that they are the intermediary who is delivering the Word of God afresh to minister to thirsty souls, amongst which they must find their own.  As such, it is important to ask open ended questions of the audience and to give everyone in the room an opportunity to respond.  It is equally important to understand that some questions do not have answers, in fact, the best questions tend to lead to further questions rather than answers.

And it is good.  Remember, as you are speaking the Word, the Holy Spirit is ministering about the room.  As the audience listens to the Word of God and the Holy Spirit is ministering, it becomes apparent that everyone in the room is a teacher and one person’s response to your question or comment may minister to another in the room without either of you being aware of it.  The healing that occurs when this take place is amazing, and should be expected to be a constant part of the class when the Holy Spirit is leading.

There are no set rules, but as the intermediary (read teacher), the person in charge of the class has the responsibility to maintain the classroom environment as holy.  If a question or comment carries on it can become more of a distraction than an aid to the healing that is taking place.

There is a fine line between teaching the Word of God and expressing one’s own opinions.  It will be clear when it has been crossed, as the teacher, you are responsible for discerning when it has been crossed and steering the class back to the Holy Place.

A Brief Note on Preparation

While we have provided a number of questions and historical background to facilitate the study, we encourage you to read the entire Biblical text which you will teach, in this case Hosea, at least five times before presenting it.  Each time, write down key questions which the Word begs the reader to answer.  We have provided space for you to do this on page 19, and it is expected that this space will not be adequate.

Some of these questions will simply appear verbatim in the Biblical text, as is often the case when Jesus is teaching.  Some of them will come to you through the Holy Spirit as you read and prepare.  All of these questions are valid, and the Holy Spirit will guide you as to which questions to ask.  Even simple questions such as, “what are you hearing?” or “what is happening out there, would anyone like to comment?” can lead to great healing amongst those in the class.

Stay tuned for more teaching tips and the release of the book itself here at The Mint.  Trust Jesus and stay fresh!

Opening the Bible as if You have Never Read It Before

The following is an excerpt of a book which we have recently completed about teaching the Bible, focusing on some techniques that may be little known and are certainly seldom practiced today.  We pray that it will be a blessing to you and encourage you to open the Bible as if you have never read it before.  Enjoy!

Taken from “Hosea: A brief guide for those who are lead to teach the book of Hosea

NOTES ON TEACHING

You do not need to be an expert to teach the Word of God.  In fact, some would argue that an advanced degree in a Seminary actually hinders your ability to teach.  Sound strange?  In our experience, we have found that a great majority of sermons and Bible studies tend to drive the audience to a somewhat premeditated conclusion.

There is generally nothing wrong with this.  From our childhood we are taught to structure our essays and messages concisely so that at the beginning, the audience knows what your talking points will be and what they are supposed to get out of it.

This approach may work well in academic circles and “how to” books, yet it is a complete and total disaster when employed in an attempt to teach the Words of the Living God.

Open the Bible as if You have Never Read It Before

The holiness and perfection of the Bible allow us to learn something new each time that we read it.

For this reason, we would like to encourage you and your audience, beginning with this study, to open the Bible as if they have never read it before.  Many Christians have preconceived notions and prejudices regarding the parts of the Bible which must be overcome for the Word of God to move in a new way in their lives.  Opening the Bible as if you have never read it before accomplishes this goal for most people.

Read Slowly: Let the Word Of God Resonate in the Room

Another necessity when teaching the Word of God is to read slowly.  When teaching the Word of God, it is important to both read aloud and to listen to your own voice.  Far from being ridiculous, slowly reading the Word of God accomplishes two important purposes.  First, it allows everyone in the audience both to hear and to meditate on the words.  Second, you will immediately notice that the spoken words themselves have a power which resonates throughout the room.

Hearing is a deeply spiritual exercise.  Listening to yourself as you read will generally ensure that you maintain the proper pace and that the Holy Spirit moves about the room, ministering to everyone as they simply listen, for the Word of God does not ever return void.

Sound interesting?  Stay tuned for more teaching tips and the release of the book itself here at The Mint.  Trust Jesus and stay fresh!

The death of Isaiah

The following is a brief narrative loosely based on the “Ascension of Isaiah”, an early Christian text:

“You are around a campfire on a mountain after fleeing Bethlehem, which you had fled to after you’d fled Jerusalem.  You are with Isaiah and other prophets who have come under persecution by Manasseh, and you are overjoyed.  Not because of your current circumstances, but by what the Lord has spoken to you and your brethren who are sitting around the fire with you this cold night.

Isaiah has just told you and your brethren about his ascension to the seventh heaven, where he was permitted to see the Son of Man descend, undetected, through the heavens and down to earth to come to his own as a babe in a manger.  He then tells how he saw the Son of Man nailed to a tree and then descending into Sheol, only to return victoriously to the seventh heaven in unimaginable glory to sit at the right hand of the Eternal One.

Indeed, it is a terrible and wonderful time.

As you are rejoicing with your brethren over the promised Messiah and the Lord’s final victory over death, you see torches and hear shouts coming from the valley below, you and your brethren quickly extinguish the flames and run to hide wherever you can.  As you crouch behind a rock, out of the corner of your eye you watch Isaiah slip into a hollowed out tree. 

The men in torches appear and begin to search the area around the smoldering campfire.  You see that they are led by none other than Manasseh, the king of Judah.  You then recall that Isaiah had prophesied that indeed he would die by Manasseh’s hand.  As you are piecing this together in your mind, one of Manasseh’s men passes the by the rock which is your cover and strides up next to the tree in which Isaiah is hiding.  As he searches the branches above, he notices a light emanating from within the trunk of the tree.

It is Isaiah. 

You fix upon Isaiah’s face and watch as a holy calm and radiance comes over him.  A radiance that would later be recognized on the face of Stephen, the first Jew to be martyred for giving testimony to the messiah that Isaiah foresaw some 700 years earlier.

Then the unthinkable happens…

{Editor’s Note:  For those unfamiliar with the story, it is widely believed that Isaiah was sawn in two by Manasseh’s men while hiding in the tree.  This is testified to in the Jerusalem Talmud, the Babylonian Talmud, and the early Christian psuedepigrapha “The Ascension of Isaiah,”}

Bono de U2 Adorando y Predicando – U2’s Bono Worshiping and Preaching

A beautiful montage from U2 for this weekend.  The year of Jubilee is approaching.  Stay Fresh!

Un hermoso montaje de U2 para este fin de semana. El año del Jubileo se está acercando. Manténgase fresco!

THE LORD IS SALVATION: Proto-Isaiah

We have been tasked with the privilege of teaching chapters 1-39 of the old testament book of Isaiah, which is commonly known as Proto-Isaiah.

Isaiah recorded prophesies for over 60 years and saw four Kings of Judah ascend to the throne throughout his ministry.  Proto-Isaiah is generally thought to have been written in Isaiah’s lifetime by Isaiah himself.

The remaining chapters (40-55 and 56-66) are thought to have been added on to the original Isaiah text at a later date.  In reading Isaiah, it is clear that this is the case.

We could not find a summary of themes which did justice to the complexity and rythym which characterize Isaiah’s writings.  As such, we offer the following outline of Isaiah which we compiled as we poured over it earlier this month.

Please let us know what you think and if possible, join us at GSM in Beaverton for the 2012 series of Bible classes, which this year will focus on the old testatment.

Without further ado, we present to you Proto-Isaiah:

Introduction

Chapters 1-5 – Judah on trial
 

The Prophet

Chapter 6 – The world ends – the call of Isaiah

 

Act I

Chapters 7-8 – Jerusalem attacked by Assyria – God tells King Ahaz of Judah to stand firm

Chapter 9:1-7 – Prophecy about the coming Messiah

 

Act II

Chapters 9:8-10 – The destruction of Israel (Samaria) by Assyria, Assyria’s destruction

Chapter 11:1-10 – Prophecy about the coming Messiah

Chapter 11:11-16 – A remnant will return

Chapter 12 – PRAISE

 

Act III

Chapters 13 – 17:3 – The destruction of Babylon, Assyria, Philistia, Moab, and Damascus

Chapter 17:4-11 – Israel is judged

Chapters 17:12 – 23 – Cush, Egypt, Babylon, Dumah, Arabia, Jerusalem, Shebna, Tyre, and the whole earth are judged and destroyed

Chapter 24 – APOCOLYPSE, the judgment of the entire earth

Chapters 25-27 – SALVATION

 

Act IV

Chapter 28:1-22 – Drunk with the Law, man is unprepared to deal with death

Chapter 28:23-29 – The supremacy of the Lord’s natural law

Chapter 29 – Jerusalem: God’s mercy on those bound by the law, the unjust are vanquished and the righteous are rewarded

Chapter 30:1-17 – Condemnation of seeking help from Egypt

Chapter 30:18- 31 – Mercy, victory, and help come from God alone

Chapters 32-33 – The Lord Arises, the Righteous Kingdom Comes, peace for the righteous and terror for the unjust

Chapter 34 – APOCOLYPSE

Chapter 35 – The Holy Way

 

Act V

Chapter 36 – Assyria threatens Jerusalem

Chapter 37:1-7 – Hezekiah Inquires of Isaiah

Chapter 37-8-13 – Sennacherib’s threatening letter

Chapter 37:14-35 – Hezekiah Prays, the Lord confirms Isaiah’s word

Chapter 37:36-38 – Victory is the Lord’s

 

Act VI

Chapter 38 – Hezekiah’s illness and recovery

Chapter 39 – Hezekiah opens the door to Babylonian captivity

How can men live together in organized society?

We have been reading The Source, by James A. Michener.  Like many of Michener’s works, it is a fictional account which is loaded with facts, history, and at times profound insight.

The following is one of the latter.

It is revealed as one of the characters in the book is attempting to resolve a conflict that is troubling him.  It has to do with a knotted old olive tree and the fresh shoots that continue to grow from it, even though the tree itself appears dead.

He realizes that the olive tree represents Judaism, and the fresh shoots the ways in which it has reinvented itself over more than five millenia.

The character, a Christian Archeologist, is running his thoughts by his Jewish colleague.  The following excerpt from Michener’s narrative is the colleague’s response:

“My thought is that in those critical years (100 – 800 CE) Judaism went back to the basic religious precepts by which men can live together in a society, whereas Christianity rushed forward to a magnificent personal religion which never in ten thousand years will teach men how to live together.  You Christians will have beauty, passionate intercourse with God, magnificent buildings, frenzied worship, and exaltation of the spirit.  But you will never have that close organization of society, family life, and the little community that is possible under Judaism.  Let me ask you this:  Could a group of rabbis, founding their decisions on Torah and Talmud, possibly come up with an invention like the Inquisition, an essentially anti-social concept?”

The Jewish colleague continues:

“…Judaism can be understood, it seems to me, only if it is seen as the fundamental philosophy directed to the greatest of all problems: how can men live together in an organized society?”

The Christian Archeologist responds:

“I would have thought that the real religious problem is always ‘How can man come to know God?'”

To which the Jewish colleague replies:

“There’s the difference between us.  There’s the difference between Old Testament and New.  The Christian discovers the spirit of God, and the reality is so blinding that you go right out, build a cathedral and kill a million people.  The Jew avoids this intimacy and lives year after year in his ghetto, in a grubby little synagogue, working out the principles whereby men can live together.”

“The tremendously personal religion that evolved around the figure of Christ was all the He and Paul had envisaged.  It was brilliant, penetrating and a path to personal salvation.  It was able to construct soaring cathedrals and even more vaulted processes of thought.  Bit it was totally incapable of teaching men to live together.”

It has always troubled us that such a sharp distinction exists between Judaism and Christianity (and for that matter, Islam).  As a Christian, it is obvious to us that Christ came to show that once and for all, the God of the Old Testament, the one and only God, forgives.

History has shown that the blind pursuit of Christianity, Islam, of any other religion which is not firmly based in the precepts of how men can and must live together, bearing with one another, as the Jewish faith relentlessly strives to do, can lead to disastrous results for society.

It is fascinating that the Jews, for all that they have suffered, still strive towards helping all of mankind learn to live together.

It is even more fascinating that, with a few noteworthy exceptions, the Jews have been largely unable to form the society for which their religion continuously strives.

The problem of living together in society can only be solved if two things occur.  First, man must learn to truly and permanently forgive, as God has forgiven us.  Second, he must abandon the Might makes Right ideology and adopt True Capitalism, a radical respect for both the life and property of others, as the basis of his relations with others.

It would not be perfect, but it would be a large step in the right direction.

Believe.

Forgiveness, the FED, Bank of England, Bank of Japan, and ECB to coordinate actions, will they formally peg exchange rates?

9/9/2011 Portland, Oregon – Pop in your mints…

Much ink is being spilled today in anticipation of what may or may not happen as the 10th anniversary of the events that occurred on September 11, 2001.  Here at The Mint, we take the somewhat radical view of the Amish in response to tragic loss.  We must forgive.  An important part of forgiveness is to avoid making or observing a memorial to the offense.  Memorializing an event is to keep it present before us.

As the US Empire is now conducting at least three extremely expensive military adventures which have their origins in the events that occurred that fateful day, forgiveness is probably not on many people’s minds this weekend.  Meanwhile, millions of dollars are being spent to memorialize it.

We must forgive.  It is our opportunity to choose the tree of life over the tree of the knowledge of good and evil.  To repair the fateful error made in Eden.

Under the cover of this memorial, we sense that an extraordinary event will occur which will impact the fortunes of many in the US, England, Japan, and Europe and others outside their borders with exposure to their respective currencies.

Debauchery

The Event which we refer to is the coordinated debauchery of their currencies. 

For the past four years, the FED, BoE, BoJ, and ECB have been engaged in a desperate attempt to debauch (devalue) their currencies.  They have had the predictably mediocre to poor results that one would expect from efforts made by this rare hybrid of an agency which combines the laziness of the banking class with the incompetence of the governing class.

The goal seems simple enough.  Print money to pay existing debts and encourage people to spend and to take on new debt.  So simple, that each of these Central Banks is currently running at their own pace down this calamitous path with little regard to how the outside world is reacting.

Guess what?  The outside world is not reacting as expected.

What they did not take into account, at least until now, was that there is quite a bit of money to be made from the fact that they are all running at different paces down the same path.  The nature of international finance is such that one Central Bank’s unbridled effort to debauch its currency leads to an opportunity to profit by borrowing in that nation’s currency and purchasing one of the other three currencies, which undermines the debauchery of the currency that is being purchased. 

Stark, as most thinking persons, cannot stomach the debauchery in his midst

This is commonly known as the carry trade, and these large Central Banks have taken all of the guess work out of it for the past four years.

We suspect that these four Central Banks see the immediate need to eliminate interest rate spreads amongst their currencies which will force those who ply the carry trade to purchase currencies outside of this group.

In effect, this ultimate coordination of interest rate policies will cause these four currencies to “peg” to each other, which should assure that the debauchery of their respective currencies will continue unchecked and likely accelerate.

According to Bloomberg, there is speculation that this type of coordination, a de facto currency peg to the dollar, could begin this weekend at the G-7 Meeting.

Will another stealth disaster befall the US this weekend?  If these Central Banks somehow coordinate their collective debauchery of the currency, the economic devastation of millions will march on.

Perhaps this is why Juergen Stark has suddenly stepped down from the ECB.  It will be more than any caring Bundesbank official can stomach.

Stay tuned and Trust Jesus.

Stay Fresh!

 

David Mint

 

Email: davidminteconomics@gmail.com

 

Key Indicators for September 9, 2011

 

Copper Price per Lb: $4.00
Oil Price per Barrel:  $87.20

 

Corn Price per Bushel:  $7.26  
10 Yr US Treasury Bond:  1.92%

FED Target Rate:  0.09%  ON AUTOPILOT, THE FED IS DEAD!

 

Gold Price Per Ounce:  $1,856 PERMANENT UNCERTAINTY

 

MINT Perceived Target Rate*:  2.00%
Unemployment Rate:  9.1%
Inflation Rate (CPI):  0.5%!!!   UP 0.7% IN ONE MONTH, 8.4% ANNUALLY AT THIS PACE!!!
Dow Jones Industrial Average:  10,992  TO THE MOON!!!

 

M1 Monetary Base:  $2,181,100,000,000 RED ALERT!!!
M2 Monetary Base:  $9,456,000,000,000YIKES!!!!!!!

We’d like our gold now, Chavez Calling JP Morgan’s bluff? Bank Stocks Tanking, as Palestine flares up on cue

8/18/2011 Portland, Oregon – Pop in your mints…

It is 66 degrees on a mid-August afternoon in Portland.  As a banker friend of ours put it, “we hope you are enjoying the mild winter.”  The truth is, were it not August, we would be quite enjoying the weather.  Unfortunately people have certain expectations about the weather, hence the widespread belief that man can control and reverse trends like global warming or cooling.  August in the Northern Hemisphere should be hot.

But its not.

If people are upset at the weather, then they must be seething at what is occurring in the financial markets.  The relative calm in the financial markets has vanished like free beer at a NASCAR event.  A 400+ drop in the Dow today and an even more significant drop in the price of oil and financial stocks, coupled with a rise in gold, silver, and Treasury Bills? (yes, you read it right) on the surface are evidence of a classic “flight to safety.”

But what is going on?  Why such a massive flight to safety on what would otherwise be a calm August day, so fit for reflection and the pondering of life as one knows it?  We don’t know exactly why all of this occurred today but suffice it to say, none of it should come as a surprise.

For instance, it should come as no surprise that banks are completely broke and at this point, worse than worthless, as they are destroying real wealth.  The modern bank is built on the assumption that the currency regime and the demand for debt denominated in that currency will increase infinitely.  Demand for debt in US Dollars began to wane about four years ago and as far as we can tell is not coming back anytime soon, at least not in the quantities (nor at the margins) necessary for the modern megabanks to exist on their current scale.

Hence, the banks are toast.  Short them if you can after the next round of short covering passes.

The FED unwittingly made matters worse for the banks a couple of weeks ago when they announced that short rates would be near 0% for at least two years.  The FED has given up, and they have done it in the worst possible way.  Rather than standing ready to bail water out of the waterlogged currency ship, they have turned the spigot on full blast and walked away.

The FED will probably not be around in two years.

In yet another twisted irony that is a by-product of the current insane “debt is money” currency system, these low short rates, which in theory should be a boon to banks, will drown the banks with large deposits that they cannot lend except at razor thin margins to sub-prime borrowers such as the US Government.

Yes, society’s aversion to debt has fundamentally changed the banking business from one which primarily benefits from usury to one that must redefine itself as a trusted custodian of assets.  This change seems to be happening overnight, and the banks are completely unprepared.

Case in point, it appears that Hugo Chavez, Venezuela’s democratically elected dictator has been moved to repatriate his country’s roughly 211 tons of gold held by foreign banks.  He has already issued a demand to the Bank of England and rumor has it He will soon issue a demand to JP Morgan, which reportedly holds 10.6 tons of Venezuela’s gold.

Show Me The People's Money!

The problem is, JP Morgan only has 10.6 tons of gold in custody on liabilities of roughly 100 times that amount.  This would not be a huge problem except for the fact that thanks to the internet the entire world now knows this.  Leave it to Chavez to strike at the heart of US imperialism.  Things should begin to get interesting.

JP Morgan’s short position in physical Silver is even more frightening.   If JP Morgan’s skills as a custodian is any indication, it appears that the modern banks are unable to provide this service.  Protect your assets accordingly.

And speaking of frightening, almost as if on cue, violence in Palestine began to escalate again after attacks on Israeli civilians, the deadliest in two years, led Israel to retaliate by launching an airstrike against Gaza earlier today.

Our instinct tells us that a major event is unfolding in Palestine ahead of the UN’s statehood vote and it just may coincide with the collapse of the Western Currencies.

Coincidence?  Most certainly.  And a very sad coincidence indeed.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for August 18, 2011

Copper Price per Lb: $3.95
Oil Price per Barrel:  $81.83

Corn Price per Bushel:  $6.99  
10 Yr US Treasury Bond:  2.08%

FED Target Rate:  0.09%  ON AUTOPILOT, THE FED IS DEAD!

Gold Price Per Ounce:  $1,825 PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  2.00%
Unemployment Rate:  9.1%
Inflation Rate (CPI):  0.5%!!!   UP 0.7% IN ONE MONTH, 8.4% ANNUALLY AT THIS PACE!!!
Dow Jones Industrial Average:  10,991  TO THE MOON!!!

M1 Monetary Base:  $2,033,000,000,000 RED ALERT!!!
M2 Monetary Base:  $9,478,200,000,000 YIKES!!!!!!!

Is America becoming ungovernable?

8/17/2011 Portland, Oregon – Pop in your mints…

Almost nothing of consequence happened today in the markets.  Just what one would expect on a quiet August day.   Silver and other commodities are poised to go higher, but our guess is that it will wait a month to really hit its stride.  At that point, inflation could really be a problem.

August is a time for reflection and relaxation.  Casting off the cares of the past 11 months and charging the batteries for another run.  At The Mint, we are pondering a great many things.  Our dear German friend who has been with us here in Portland the past nine months left for Frankfurt today.  She will be missed dearly by all.  It seems that Oregon had a special impact upon her as well and she commented that this season has been one of the most pleasant of her life.

Yes, Oregon is a special place.

“There is so much nature here!” she commented upon returning from a trip to Montana.  Apparently in Germany every square mile is spoken for, leaving wild animals little room to roam.  One of her chief concerns on these excursions was the bears.  Who can blame her, with the news coming out of Yellowstone at the time? 

She is heading to Barcelona to start a ministry and we wish her well, for she is now one of the family.  Hospitality blesses one in ways they cannot imagine.

August thoughts in the US are being rudely interrupted by the presidential campaigns that are warming up in Iowa and are heading to New Hampshire to continue the race in which the winner will declare themselves King of the Americans. 

As Bloom County fans may recall, when the Meadow party nominated Bill the Cat and Opus for the job, they concluded that only a complete idiot would apply after careful consideration of the job description which in there estimation included “being blamed for every problem on the planet.”

The complete idiot label came to mind after we heard a comment in a video shared with us by a friend in which Bill Hybels, the Pastor of Willow Creek, a large church in Illinois, noted that the tendency in American dialogue today is to “throw stones first” and ask questions later.  He explained that people grab onto comments and statements made by others and publicly villianize them without bothering to consider the context or verify the validity of said statements.

His remarks were made at the Willow Global Leadership Summit while addressing the interesting situation in which Howard Schultz, the CEO of Starbucks, backed out of his contract to appear at the summit after receiving threats of a boycott from a group who claimed that Willow Creek was anti-gay.

He went on to say that this phenomenon is making America “ungovernable.”

Mr. Hybels did not go into detail as to how this phenomenon would make the country ungovernable, but the idea got us thinking.  What makes a country governable in the first place?  Do people naturally need government in order to survive?

In the sense that people need to feel protected and able to care for themselves and their loved ones, people may need the concept of government.  People, knowing their weak state on this planet, need to believe that someone is looking out for them.  This need leads them to subject themselves to the idea of government.

Inevitably, those who are entrusted with embodying the idea of government find that they are given quite a bit of power over the lives of others and quickly learn to abuse it.

This leads the subjects to seek freedom from the government while at the same time looking for someone of something else to fulfill the basic needs of protection and material well-being.  Seen this way, when a people become “ungovernable” they are rejecting the government under which they are because of a perceived or actual abuse.

It is important to note that, for people to reach this state, they must feel that they are out of options under the current government.  Economic hardship has a lot to do with how people perceive their options.  It should come as no surprise then that economic hardship is a result of policies which restrictive freedom.

Free men are infinitely more productive than slaves.  A policy change in either direction will express itself in economic results.  The results in America prove that we are a people becoming enslaved.

When things go well, no one cares who is governing.  When things go badly, they become unnaturally preoccupied with the political process.  America circa 2011 is moving towards this unnatural preoccupation.

Ironically, the more one concentrates on the government and its political processes, the more it becomes evident that the very existence of a government organized by men may be more a threat to than a protector of the basic needs of protection and material well-being.

We have stated before that in practice the governments of the world today operate like competing defense agencies.  It may be, then, that Americans are tired of the current contractor and are searching for another one; one that is less intrusive and has fewer overhead costs to cover.

Will they find it before they are completely enslaved by the current one?

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for August 17, 2011

Copper Price per Lb: $4.03
Oil Price per Barrel:  $87.43

Corn Price per Bushel:  $7.11  
10 Yr US Treasury Bond:  2.16%

FED Target Rate:  0.10%  TIGHTENING?  NOT!

Gold Price Per Ounce:  $1,789 PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  2.00%
Unemployment Rate:  9.1%
Inflation Rate (CPI):  -0.2%!!!  PULL OUT THE HELICOPTERS!!!
Dow Jones Industrial Average:  11,410  TO THE MOON!!!

M1 Monetary Base:  $2,140,300,000,000 RED ALERT!!!
M2 Monetary Base:  $9,404,000,000,000 YIKES!!!!!!!

The Move to a European Government, Caesar can keep his money!

8/16/2011 Portland, Oregon – Pop in your mints…

The markets seem to be enjoying a relative calm after the record setting volatility they experienced last week.  It turns out that one would have hit a home run by buying the VIX as the debt ceiling debate was dragging on.  We’ll keep that recommendation tucked away for a later date as the conditions which created last week’s tremors still exist and continue to intensify.

A headline caught our eye today, from BloombergGerman, French leaders propose European ‘economic government’

This caught our eye because it is further confirmation of what we have long suspected here at The Mint.  Specifically that giving up the right to coin currency (seigniorage) essentially means giving up a nation’s sovereignty.  Any sort of puppet government may be set up to give the appearance of sovereignty.  They may even give the people the right to vote for their own government.  No matter how the government is chosen, the puppet will move in accordance with the way its strings are pulled.

In practice, the monetary authority becomes the sovereign.

We have further speculated that the current sovereign debt crisis in Europe would serve to erode the sovereignty of the governments being bailed out.  It now appears that even wise users of the Euro, such as Germany and the Netherlands, will have to give up the illusion of budgetary authority to save the currency.  Think of it as guilt by association.

What happens next in Europe will be the true test of the Euro’s ability to exist.  Can Greeks and Spaniards manage finances to German standards?  Can they alter their production and consumption patterns to the German standard?  If the answer is yes, then we will have confirmation that a shared fiat currency (and by default fiscal policy) is all that it takes to break down borders and achieve world peace.
If the answer is no, then the Euro, the latest entrant in a long line of doomed experiments in fiat currencies is…doomed.

The leaders in the Eurozone are dealing with a problem that has no solution.  What is unfortunate is that they are taking a considerable amount of time and other people’s money in a vain attempt to solve it. 

The problem is simple enough.  A fiat currency, such as the Euro, is a faith based currency.  One needs faith that the currency will maintain its value and continue to be accepted in trade.  The bedrock of this currency faith is that credits must be created which are repayable in the currency.  This gives people, who naturally want to improve their circumstances by attending to the most urgently felt need, the incentive to productively trade in the currency.

If the currency is something tangible and can be produced in sufficient quantities, this is all that is required for something to be accepted as currency in society.  Production and circulation of the currency would occur organically as the needs of the economy dictated.

The Euro’s faith based currency is doomed

 

On the other hand, if the currency is a fiat, faith based currency, such as the Euro, much heinous effort is required for it to be accepted as currency.  The first requirement is a decree that all taxes must be remitted in the fiat currency.  This is what Jesus referred to when he told the spies of the Chief Priests to “give to Caesar what is Caesar’s and give to the Lord what is the Lord.”

Once it is decreed that taxes will be remitted in the fiat currency, the fiat currency must be produced in sufficient quantities without the guidance of the free market signals (known today as monetary policy).  Finally, the system of taxation and redistribution of the tax revenue (known today as fiscal policy) must be perceived as either inconsequential or fair in order for those subjected to the fiat currency regime to continue to assent to using the currency.

The Eurozone’s incurable ailment is that its single monetary policy cannot respond to the multitude of fiscal policies that are operating in the currency zone.  If the currency were tangible, production in the economy would properly adjust and fiscal policy would be less pervasive and dictated by reality.  But because the Euro is simply a faith based currency, fiscal and monetary policy have no chance of harmonizing themselves.

The Euro is doomed and its handlers must at least suspect it by now.  Their only hope is to quickly form a unified fiscal government in the Eurozone which is what in theory they are doing.  In practice this may be nearly impossible.

The US Dollar faces a similar problem which has been slower to manifest itself because its problem is on a global scale.

As Jesus said, the fiat authority only owns the coins, scraps of paper, or electronic bits that consist of money.  True ownership of real things, and especially people, ultimately is the Lord’s.

How important this simple teaching will be in the years to come.

Stay tuned, Trust Jesus, and Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for August 16, 2011

Copper Price per Lb: $3.99
Oil Price per Barrel:  $87.14

Corn Price per Bushel:  $7.14
10 Yr US Treasury Bond:  2.21%

FED Target Rate:  0.10%  TIGHTENING?  NOT!

Gold Price Per Ounce:  $1,787 PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  2.00%
Unemployment Rate:  9.1%
Inflation Rate (CPI):  -0.2%!!!  PULL OUT THE HELICOPTERS!!!
Dow Jones Industrial Average:  11,406  TO THE MOON!!!

M1 Monetary Base:  $2,140,300,000,000 RED ALERT!!!
M2 Monetary Base:  $9,404,000,000,000 YIKES!!!!!!!

Humility

Be humble, as God is humble.

This past Friday evening, were enlightened. A great mystery was revealed to us.

It is simple, yet with profound implications for everyone on the planet.

It has to do with our understanding of humility.

Most Christians understand that God is Almighty, Perfect in Power, Our Mighty Savior, and that God is for us and not against us.

But do we understand that He is humble, and that He commands us to be humble as well?

Think of it, the Lord of all creation, Jesus, speaking directly to his own character, states that He is humble in heart!

THIS IS SHOCKING!!!

Yet it makes perfect sense.

It is clear that God consistently opposes the proud.

Jesus washed the feet of His disciples.

Jesus died so that we would not have to.

The Holy Spirit is constantly transforming us Christians into His image, whether we cooperate or not.

Would it not follow that His desire is for us to be humble, as He is humble?

Around 2008, God began to destroy human pride on the earth.  Most see this process a as it unfolds daily and understand it to be a bad thing.

We are here to tell you that it is quite the opposite.

We are to rejoice in our sufferings.  Did you ever wonder why?

Why turn the other cheek?

Why die to ourselves?

Why give and not count the cost?

God‘s response to this and a thousand other “WHY’S?” is simple.

We are to be humble as He is humble, for humility, as much as love, mercy, justice, and power, is the very nature of God.

Take heart and rejoice in your sufferings and be humble, as He is humble.