Category Archives: Politics

Watch 180

This is a graphic, powerful 30 minute documentary which is an attempt to open the public’s eyes to the moral problem of abortion.  It opened my eyes, will it open yours?

 

Markets go up, Slovenia goes down, Dissing the State, Embracing Anarchy

9/20/2011 Portland, Oregon – Pop in your mints…

The Stock market is absolutely resilient in the face of news ranging from bad to UGLY.  Presumably, the slow motion debt market collapse occurring in Europe is priced in, and it may be this very collapse that is driving money into US equities.  In the insane “debt is money” system, the money can only go so many places, and there is currently so much money sloshing around that it is a wonder everything isn’t going up in price.

Oh, wait, it is!  The CPI came in at 0.4% for August.  Nothing to write home about but at this pace the annual CPI could hit 5%, well above the FED’s 2% target.

And we haven’t seen anything yet.  Tomorrow, the Federal Reserve will meet and be expected to “do something.”  Lately, “do something” has meant that the FED offers to throw perfectly good Federal Reserve notes at various forms of bad paper issued by companies and governments who never intend to make good on them.

At this stage in the game, it is now a given that if perfectly willing market participants won’t buy the paper, surely the FED must do it.  “So what?” say you, “Let the FED waste its own money!”  If only it were that simple, fellow taxpayer.

Unfortunately, the FED’s money, by decree, is everybody’s money.  Every bad decision by the FED reduces the purchasing power of every dollar holder on the planet, making nearly all of us involuntary shareholders of this worthless enterprise, and management at the FED has been making some very bad decisions with very large sums for about four years now.

As a concerned involuntary shareholder of the FED we are compelled to offer the following unsolicited advice:  Why not just wait until January, when the 0% FED funds “trickle” their way down to Main Street?  Then things will really be interesting.  That is when the US Dollar in its present form will go the way of every other paper currency in the history of mankind. 

Fellow taxpayer, prudence demands that one make immediate plans to replace anything that depends upon the value of the US Dollar with something real.  By the time the FED gets around to doing it for you, by introducing a New Dollar, current inaction will have caused anyone with faith in the dollar to suffer horrendously tremendous losses in relative purchasing power.

Back in the rotting old world, to quote Nabokov, the Euro debacle just became more complicated as the Slovenian government failed a confidence vote.  The President is now left trying to cobble together a government and the rest of the Eurozone will presumably have to wait at least 30 days to get Slovenia’s approval for the next round of good money to be thrown at Greece.

It is useless to point out that the Eurozone governments, like their American counterparts, are simply throwing good money after bad.  As we have observed here before, throwing money at failing enterprises is their only solution.  Besides, they have banking interests to protect.  Soon they will be spreading propaganda that ATMs won’t spit out Euros and the world will end if the Greeks are not supported.

That may be true, but these unpleasant outcomes will eventually come to pass no matter what the Euro FEDs do.

This is how the State, which by definition can do nothing but destroy wealth, operates.  Western societies, and dare we say, the entire world are now beginning to suffocate under the weight of the current form of welfare/warfare state which exists to make promises on behalf of its productive citizens to its unproductive citizens.

Then, after enslaving the productive citizens, the State then makes promises to support the banking and military interests in order to ensure that the productive citizens remain enslaved.

Is Anarchy the Answer?

At some point, each citizen decides that they are either better off becoming an unproductive citizen, working for the State taskmaster as a banker or provider of “security”, or fleeing beyond the State’s ability to enslave them.  Western society is quickly approaching the tipping point where a majority of its productive citizens will be forced to make this choice.

Faced with such facts, an intelligent fellow taxpayer such as yourself is surely asking (or should be asking, if we may prompt you), “Isn’t there a better way?”

In other words, is the State really necessary?  Today we read a brilliant essay on this very subject by Stefan Molyneux.  We encourage you to peruse it at your leisure.  You can see it by clicking on the link below:

The Stateless Society – An Examination of Alternatives

If you are limited on time, it is enough to say that Molyneux lays out compelling, logical arguments about how the free market would more effectively take care of the tasks which are currently relegated to the State.  Specifically, he examines three activities which pro-State apologists claim that the free market will not solve on its own, making the State’s existence a necessity:  Dispute Resolution, Collective Services, and Pollution.

After reading Molyneux’s arguments, it seems that now more than ever that embracing Anarchy is the answer to what ails society.

Much more than simply the answer, it is clear that the true chaos in not created by the Stateless Anarchist model, rather the present chaos is a product of entrusting the State with too much power.

How else can one explain how every present effort the Government uses to ”improve” its citizen’s lives serves to collectively impoverish them?

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for September 20, 2011

Copper Price per Lb: $3.76
Oil Price per Barrel:  $86.43

Corn Price per Bushel:  $6.90  
10 Yr US Treasury Bond:  1.94%

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

Gold Price Per Ounce:  $1,805 PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  2.00%
Unemployment Rate:  9.1%
Inflation Rate (CPI):  0.4%!!!   UP UP UP!!!
Dow Jones Industrial Average:  11,409  

M1 Monetary Base:  $2,101,100,000,000 RED ALERT!!!
M2 Monetary Base:  $9,540,500,000,000 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 Seeds of Revolution: Those on the Far Left and Far Right have had Enough! Can they come Together to Change the World?

In the past two weeks we have had two well delivered speeches brought to our attention here at The Mint.  One speech was delivered in Spain at the IU de Extremadura in 1999 by Julio Anguita Gonzáles, the coordinador general de Izquierda Unida at the time of this speech.

Don Julio is a communist.  In this speech, which is billed on youtube as “El Gran Discurso Antisistema” (The great anti-establishment speech), he makes compelling arguments against the establishment and the inequality which it creates and fights to maintain amongst its members.  You can see it below or by clicking here:

 

What is amazing about his speech is that he makes some of the same arguments that Tom Woods, who is perhaps the eloquent Libertarian thinker speaking today.  Mr. Woods’ recent speech on Nullification is quickly becoming an anti-establishment sensation.  You can see his speech below or by clicking here:

 

As Mr. Woods alludes to at the end of his speech, could it be that the anti-establishment thinkers of the far left and far right are closer together ideologically than they are to their mainstream liberal and conservative counterparts?

Oregon Legislature Singing “Never Gonna Give You Up!” in Harmony

A rare and courageous show of bi-partisanship by the Oregon Legislature in 2010.  Read the whole story courtesy of the StatesmanJournal.com at:

http://www.statesmanjournal.com/apps/pbcs.dll/article?AID=/201104121338/UPDATE/110412025

and enjoy the video!