Category Archives: Teaching

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.

Do The Right Thing

10/22/2013 Portland, Oregon – Pop in your mints…

The financial world took a big step closer towards a new currency over the past week.  First came revelations that the US Treasury increased its net debt by $1 Trillion in ONE MONTH, which, in and of itself is shocking.  Perhaps not coincidentally, Bitcoin prices blew through the $200 mark once again.  We have written extensively on why Bitcoin is likely to rise, you can purchase a copy of what is now our most popular ebook on a number of ereading platforms here:

Bitcoins: What they are and how to use them
Bitcoins: What they are and how to use them

Bitcoins:  What they are and how to use them

Today, we turn our attention to the area of morality here at The Mint.  We must warn you, however, that what you are about to read may turn everything that you once understood about ethics and morality on its head. Read on at your own risk.

Do the Right Thing

“Ask not what you are to do, for you are called to do the right thing, not the expedient thing, not the easy thing, but the right thing.  You will know what the right thing to do is when you learn to see your neighbor not as a rival, but as a brother.”

From our youth, when we were confronted with a form of temptation or, perhaps more commonly, the opportunity to choose between selfish gain or pursuing the good of others, we were often exhorted by our elders with a phrase that is both etched in our memory and charged with meaning: “Do the right thing.”

The phrase is alive and well today and continues to drip with authority, for it implies that in the situation that is being confronted, there exists a common body of knowledge which, if consulted, would lead the person confronted with the opportunity to “Do the right thing,” with an obvious course of action.

When this phrase is uttered, more often than not it is uttered by a person whose good intentions are matched only by their complete lack of a direct interest in the outcome of whatever is transpiring.  It is also often uttered by someone who, if they were to be in your shoes, would more often than not be completely incapable of “doing the right thing” that they benevolently have advised you to do.

Today, we hear the phrase in discourses by those charged with national government. In this context, even the feigned benevolence which is the hallmark of the way the phrase is delivered in political settings is overshadowed by the fact that by “doing the right thing,” the politician invariably means “submit to my will and ask no questions.”

Imperial governance, which is the form that the world labors under today, is paradoxically predicated on categoric refusal to “do the right thing,” as, at its base, modern governance results in the enslavement of men and women via a myriad of rules and threats in order to convince them to render tribute and allegiance.  We have explored this phenomenon thoroughly in our volume entitled “What is Truth?  On the Nature of Empire.”  The inescapable irony which engulfs every utterance of the phrase by a public official means that, at this point, we cannot hold a straight face when we hear it.

To draw on a recent example, when the President states that Congress must “Do the right thing” and fund the government, the statement may have been the most presumptuous ever to escape human lips, for the underlying assumption is that whatever the government does is right, which is, from most rational and religious standpoints, absolutely incorrect.

Politics aside, at its base, even the seemingly disinterested “do the right thing” offered by a friend,a parent, or colleague is a thinly cloaked act of moral superiority on display, for the phrase is all too often offered as thinly veiled advice which, once decrypted, is read to imply “do what I want you to do.”

If the term has indeed been hijacked to lay claim to the moral high ground in a debate, shaky as it may be, humankind must strive to understand the noble origins of this seemingly important and universal saying.

Life is complicated, and, contrary to what many would say, it does not come with an instruction manual which tells humanity what is categorically right and wrong in all situations which we may encounter.

For this reason, the Bible, which we believe to be the closest thing to a users manual, reads not like a how to or self-help book, but a series of events where people, both individually and corporately, are thrown into unimaginably complex and dire situations (once one looks beyond the surface to understand the Biblical settings) ostensibly to see what they will do.  The question that is being asked constantly of the Biblical characters as well as each and every human being today is this:

Will we do the right thing?

Doing the right thing is beyond important, it is imperative that anyone who is genuinely seeking God and His Kingdom Do the right Thing at all times that the circumstances demand them to choose a course of action.

However, what constitutes doing the right thing in any given circumstance is not a matter of democratic preference or legislative action, it is purely a mater left to God and the individual of whom the right thing is required, for it is they and they alone to whom the ability and intuition has been given to make these life and death determinations.

The right thing cannot be legislated or encouraged, it can only be done or not done.  Each time it is done, the Kingdom of God draws near to us all.  Each time it is neglected, we all suffer the consequences.

So Do the right thing and, more importantly, be close to God, for it is He who is the only judge of such matters. The logic can be carried further to imply that everyone who utters the phrase “do the right thing,” to someone who is faced with a difficult situation is, perhaps unknowingly, both usurping God’s role as well as inhibiting that person’s ability to learn for themselves how to choose the right thing, which is an ability that all of mankind must learn deeply and permanently.  The right thing is a lesson that can only be learned through personal experience and exercise of one’s own decision-making processes.

This however, does not mean that the right thing must be learned on the field of battle.  There are more often than not subtle clues which will guide us as to which situations demand us to respond by doing the right thing as well as what the right thing to do is.  For instance, in our observation doing the right thing often involves an initial sacrifice to be made of time or resources.  It is often a choice to pay the cost.  While it is not universal, this minor detail is often a clue that one is doing the right thing.

Only those with a perfect knowledge of all of the circumstances involved are qualified to ultimately judge what is right or wrong.  Even in the hypothetical case that the actors are in a position to understand all of the circumstances involved, the observation is limited by our über short human timelines which ignore the concept of eternal justice.

Doing the right thing is imperative, and all human judgement as to what the right thing is in any specific circumstance is null and void unless it is agreed upon by all parties who are directly (not indirectly) affected by a course of action.

Perhaps the distinction is best illustrated in the Gospels.  While the religious leaders were left legislating the right thing, Jesus was doing it.  It is a contrast that is emphasized for a reason, for the doing the right thing is deeply personal and immensely powerful.

There is one thing and one thing only that one can be absolutely certain that is always the right thing to do from an eternal perspective:  Forgive

Stay tuned and Trust Jesus!

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for October 22, 2013

Copper Price per Lb: $3.28
Oil Price per Barrel: $97.78
Corn Price per Bushel: $4.38
10 Yr US Treasury Bond: 2.51%
Mt Gox Bitcoin price in US: $208.76
FED Target Rate: 0.09% ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce: $1,341
MINT Perceived Target Rate*: 0.25%
Unemployment Rate: 7.2%
Inflation Rate (CPI): 0.1%
Dow Jones Industrial Average: 15,468
M1 Monetary Base: $2,515,000,000,000
M2 Monetary Base: $10,867,000,000,000

What it takes to succeed, three great articles that contain more wisdom than many MBA courses

In today’s fast changing world, it is increasingly important to maintain one’s competitive edge.  Technological breakthroughs are either eliminating jobs or shifting work around at a breakneck pace and if one is to survive and thrive under such conditions, complacency is not an option.

The following are three great articles which are worth a read by anyone working to gain, maintain, or increase their competitive edge.

First, Keld Jensen over at Forbes lo

What is Money? By David Mint
What is Money? By David Mint

oks at what it takes to succeed, and it may not be what you think.  We were once told that a good heart would take us further than good grades.  In our experience, this has proven true.  Jensen appears to agree in this great read:

Intelligence is overrated:  What you really need to succeed

Next, Geoffrey James over at Inc.com shares the core beliefs of great bosses.  Again, great stuff that we have observed as well.  Especially the first one he lists, “Business is an ecosystem, not a battlefield.”  We are truly all in this together, and great managers and leaders recognize this as a basic truth:

Management secrets:  Core beliefs of great bosses

Rounding out the trio is a piece on productivity by Ilya Pozin again at Inc.com.  Timely advice in a world were the need to communicate is trumping the need to produce:

7 Things highly productive people do

Next time you are in an entrepreneurial rut or feeling stuck, refer to these articles to get your groove back on track.

The 800 Pound Gorilla and Pacioli’s Gift

3/27/2013 Portland, Oregon – Pop in your mints…

Today, we present to you the “postre” of our most recent eBook offering, which we have entitled, after much deliberation,

Pacioli’s Gift or Bernanke’s Curse?

It is slated to arrive on digital shelves this evening.  What started as a book about the irony of dual-entry accounting enabling central banking, therefore making man’s greatest wealth producing innovation the agent of his greatest wealth destroying menace.

While it accomplishes this, it naturally spreads its tentacles into sound money, economic thought, and monetary history.

Enjoy desert, the main course will be available shortly.

Conclusion

While free markets and Free Banking represent mankind’s best hope for averting disaster, many people look at the scene on the water bed and side with the 300 pound man, who represents the central bankers of the world.  After all, isn’t he the only one taking action to capture and sedate the 800 pound gorilla, whom in our metaphor represents the world’s financial markets?

Luca_Pacioli_Gemaelde by Jacopo de' Barbari circa 1496
Summa de Arithmetica, Geometrica, Proportioni et Proportionale – Pacioli’s great gift to Western Civilization

What this analysis fails to recognize is that the best course of action when dealing with an 800 pound gorilla is to observe it from a distance.  Once the gorilla feels like it has an understanding of its surroundings, it will become docile and predictable unless it gets hungry or senses danger.  If the gorilla gets hungry, one should let it find something to eat.  If it senses danger, one’s reaction should not be to calm the gorilla, rather, to focus on the source of the gorilla’s agitation and act accordingly.

The 800 pound gorilla is not the problem.  In fact, it can often be counted on to recognize threats and, even though its reactions may seem unpredictable, gyrations in financial markets serve as early warning signs to potential economic problems on the horizon.  Once recognized, economic imbalances can be recognized and remedied.

To silence the gorilla, or the gyrations in the financial markets, is to rob mankind of an important early warning system.  Circa 2013, as the efforts of the world’s central bankers to sedate the gorilla by force escalate, many a Chihuahua (our metaphor’s personification of the government) is getting trampled and the water bed of world economic activity is on the verge of springing any number of leaks.

This is an outcome that Luca Pacioli could not have envisioned, for he lived in an age and in a place where Free Banking and free markets were more or less givens.  It was an age where capital formation was accelerating and the capital base from which we still operate today was being formed.  All thanks to Pacioli’s unwitting effort to disseminate the methods of dual-entry accounting throughout western civilization from his humble Franciscan abode.

While it is a great irony that a Franciscan Monk, sworn to poverty, would refine and articulate the greatest wealth generating innovation known to mankind, it is an even greater irony that this innovation would enable the large-scale employment of man’s greatest threat to this wealth, modern central banking.

The unconventional measures employed by the world’s central bankers in increasing measures over the past 100 and are not only failing to achieve their stated goals of increasing employment and economic growth, they are triggering what is quickly becoming an unmitigated disaster in the fixed income markets.  These markets, once the bedrock of global finance, have now been conditioned to do nothing more than attempt to front run the central banks’ interest rate cues up and down the yield curve.

Fortunately, the choice of whether to use Pacioli’s gift for good or for evil is always at hand.  Even as the world suffers under the grip of modern central banking, the ultimate solution of Free Banking, the banking that Pacioli and the Venetian merchants had assumed would always exist, is waiting in the wings to save mankind from its own penchant for error.  In fact, Free Banking is not something that requires a great deal of compromise and administrative rule writing as most modern legislation does.

Free Banking operates under the rules of natural law, and it can be implemented via a simple political decision to get off of the water bed and leave the gorilla alone.

Unfortunately, it is a political decision that modern governments, whose fate and existence depends upon the modern central banking model, will never take on their own.  In the absence of political action, it will take the wholesale collapse of the central bank itself to rid the world of its menace.

It is the catastrophe to come, and it will leave the fortunes of many laid waste as it indiscriminately dismantles the erroneous divisions of labor and implied daily activities that it has caused mankind to organize itself under.

It is not a question of if, but when.  For modern central banking will eventually give way to Free Banking out of necessity.  When it happens, mankind will be allowed to continue its self-correcting path toward civility and peace.

And Luca Pacioli, if not Christopher Columbus, will be vindicated.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for March 27, 2013

Copper Price per Lb: $3.45
Oil Price per Barrel:  $96.69
Corn Price per Bushel:  $7.35
10 Yr US Treasury Bond:  1.85%
FED Target Rate:  0.14%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,605 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.7%
Inflation Rate (CPI):  0.7%
Dow Jones Industrial Average:  14,526
M1 Monetary Base:  $2,368,600,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base:  $10,521,800,000,000

The Presumption of a Monetary Constant

3/26/2013 Portland, Oregon – Pop in your mints…

Today, we offer a second course on the menu of our upcoming eBook release, Pacioli’s Gift vs. Bernanke’s Curse, it is a chapter on the importance of a monetary constant when employing the methods of dual entry accounting.  Enjoy!

The Presumption of a Monetary Constant

Luca Pacioli was first and foremost a mathematician.  He understood that mathematics relies upon certain constants to remain, well, constant in order for the calculations that depended upon them to be meaningful.  Whether or not Pacioli was conscious of the fact, implicit in his presentation of the methods of dual entry accounting is the assumption that the money in which he was directing merchants to keep their accounts on the basis of was sound money.  The use of the monetary unit as a unit of account implies that he understood that money was to the economic world what constants were to mathematical calculations.

Also implicit in his assumption was that the monetary units which were to be used as units of account on the accounting ledger contained a constant weight of silver or gold which existed in the natural world.  Silver and gold that had been hewn out of the ground and struck into coinage of a set weight and metallic alloy by the men at the old Zecca, the Mint of Venice in the Rialto district which preceded its famous successor was completed in 1545.  This was an important assumption, as dual entry accounting only works when the accounts balance.  By design, it implies that physical goods are in existence or are reasonably expected to come into existence and become available for exchange.

When Pacioli penned Summa, the Venetian Zecca was one of the largest and most reputable mints in the world.  This reputation was born in no small part of a scandal at the Zecca which consummated with the Doges, who ruled Venice at the time issuing a decree on the 11th of November, 1457 against then noted variations in the weight and purity of the gold and silver coins that the Mint at Venice.  As a result of this renewed commitment to monetary purity, the coins which circulated in Pacioli’s time and locale, the Silver Ducat, Soldo, Lira Sequin, and Gold Ducat, served as the standard of trade in the world known to Pacioli.

Given that the Venetian merchants could count on this sound monetary standard on which to base their accounts and, by extension, their choice of activities, their use of dual entry accounting not only benefited their own interests, but had the side effect of benefiting all who circulated and traded the Venetian coinage, whether or not they had mastered the art of dual entry accounting.

Luca_Pacioli_Gemaelde by Jacopo de' Barbari circa 1496
Summa de Arithmetica, Geometrica, Proportioni et Proportionale – Pacioli’s great gift to Western Civilization

For those who had mastered the art of dual entry accounting in this environment, the ability to properly recognize and record their transactions and to make sense of the results gave them a sort of super power.  This super power, the ability to recognize the value of transactions over longer time horizons and therefore direct investments over longer time horizons, was further refined by Pacioli, who employed the use of Arabic numerals and proposed a system of mercantile accounting that could apply uniformly to all trades and nations.

However, dual entry accounting, as mankind is now coming to understand, is a two-edged sword.  For dual entry accounting to work in favor of those who practice and/or rely upon it, the unit of account must hold a stable value.  The assumption of the relatively stable value of the monetary unit in relationship to the natural world is essential for interpreting the primary output of dual entry accounting, the profit or loss signal.  The stable unit of account is also essential when evaluating the worth and employment of items that are represented by entries to the balance sheet, upon which the profit or loss signal ultimately depends.

In short, the stability of the monetary unit of account was essential if dual entry was to be relied upon for sound decision-making.

For the Venetians, this requirement was met by virtue of their relatively stable monetary unit.  As such, the Venetian Mercantile class rose to dominate the Western world.  Indeed, with few notable exceptions, dual entry accounting has rendered an invaluable service to mankind and has allowed human progress to follow a generally upward trajectory in terms of material well-being ever since Pacioli made his bequeath to mankind.

As a stable currency enables the super powers of dual entry accounting to operate, an unstable currency, of which there are numerous examples in the largest economies in the world today, circa 2013, is its kryptonite.  A currency that does not have a relatively stable value over long time horizons, specifically the time horizons required for large-scale investments of capital to be planned with the precision required for them to be successful, serves to render the gift of Pacioli powerless.

In doing so, an unstable currency threatens to take mankind from the comfort of their large screen televisions, sofas, and smart phones, and throw them back into the dark ages, from which the world that Pacioli lived in had recently emerged.

In the irony of ironies, mankind has unwittingly made use of Pacioli’s gift to create the largest system of unstable currency that the world has ever known, the one that has operated for the past 100 years.  This disastrous invention is known as central banking, and it has quickly turned the world’s economy into an unmitigated catastrophe waiting to happen.

Stay tuned for the release and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for March 26, 2013

Copper Price per Lb: $3.45
Oil Price per Barrel:  $96.17
Corn Price per Bushel:  $7.30
10 Yr US Treasury Bond:  1.91%
FED Target Rate:  0.15%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,600 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.7%
Inflation Rate (CPI):  0.7%
Dow Jones Industrial Average:  14,560
M1 Monetary Base:  $2,368,600,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base:  $10,521,800,000,000

Pacioli’s Gift vs. Bernanke’s Curse

3/25/2013 Portland, Oregon – Pop in your mints…

As events in the Cyrus experiment continue to unfold.  here at The Mint we are watching from a distance, aghast at the implications.  The sacred rule of the Financial Crisis, the one that shielded most banking clients from taking direct losses as a result of holding their funds in a weak bank in a sovereign nation without the means or the control over its currency to bail them out, has been broken.

Anyone who was unfortunate enough to be holding over 100,000 Euros in a Cypriot bank at the close of business on March 15, 2013, now stands to take a 40% bath on all “uninsured funds.”

This is a warning shot, and if you are reading these words and do not yet understand, let us spell it out loud and clear.  Funds held in banks or financial institutions are sitting ducks for bankrupt governments to line their pockets with.  Any wealth that one wishes to maintain must be kept close at hand in something tangible and trade-able.  Bank accounts are no longer risk free assets.  They never were.

How has the world come to this place, where a government would directly confiscate assets and assume that there would not be severe repercussions?

Luca_Pacioli_Gemaelde by Jacopo de' Barbari circa 1496
Summa de Arithmetica, Geometrica, Proportioni et Proportionale – Pacioli’s great gift to Western Civilization

We have been editing our latest e-book, which will hit digital shelves later this week if all goes well.  It is volume V in our “Why what we use as Money Matters” series.  In it we explore how humanity came to this point in history, what is wrong, and most importantly, the solution.

As an appetizer, we present to you the introduction.  Enjoy!

Pacioli’s Gift vs. Bernanke’s Curse

An Introduction

In response to what has become known as the Financial Crisis of 2008, the Central Bankers of the world have employed nearly every form of monetary alchemy at their disposal in a desperate attempt to maintain the status quo.  The status quo, which in this case means that all commercial banks and sovereign governments remain both liquid and solvent, has become increasingly difficult to maintain as each attempt to stimulate economic growth via ultra low discount rates and quantitative easing has seen a diminishing marginal return in terms of economic growth.  The longer the Central Banks of the world engage in these and other forms of financial alchemy, which in the end serve as futile attempts to defy immutable natural laws, the greater the danger of a complete economic collapse becomes.

The unconventional measures employed by the World’s Central bankers in increasing measures over the past five years are not only failing to achieve their stated goals of increasing employment and economic growth, they are triggering what is quickly becoming an unmitigated disaster in the fixed income markets.  These markets, once the bedrock of global finance, have now been conditioned to do nothing more than attempt to front run the FED and other Central Banks up and down the yield curve.

The action in the financial markets is akin to a 300 pound man, who represents the Central Banks, chasing an 800 pound gorilla, who represents the financial markets, around on a queen sized water bed.  The action is becoming completely unpredictable and downright dangerous.  Throw in the chaotic interventions of a 10 pound chihuahua, who represents the sovereign governments’ meddling in the market financial market mechanisms via commercial banking regulation and tax policy, and the entire situation is a basement flood waiting to happen.

As the chaos on the water bed, which is a metaphor for the wealth of the real world, continues to unfold, it is important to examine and understand, to the extent possible, how humanity has arrived at this critical juncture in history, where a fat man chasing a gorilla while dancing around a chihuahua on a water bed can threaten to damage the wealth of nearly everyone on the planet.

It is the aim of this volume to explore two of the oft overlooked elements that have, each in their own way, given rise to the system which enables a relatively small group of persons to the ability to destroy the accumulated wealth of mankind’s 9,000 years of toil in just over 100.  Dual entry accounting, which we refer to as mankind’s greatest invention, and Central Banking, which we refer to as mankind’s greatest catastrophe.

In the end, we present what is known as “Free Banking” as the antidote for the curse of Central Banking, and the ultimate solution to the current and future financial crises that the world will suffer at the hands of well-meaning Central bankers who, it would appear, are oblivious to the destruction that their chosen profession inflicts on humanity.

Intrigued?  So are we.  Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for March 25, 2013

Copper Price per Lb: $3.44
Oil Price per Barrel:  $94.75
Corn Price per Bushel:  $7.33
10 Yr US Treasury Bond:  1.92%
FED Target Rate:  0.16%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,605 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.7%
Inflation Rate (CPI):  0.7%
Dow Jones Industrial Average:  14,448
M1 Monetary Base:  $2,368,600,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base:  $10,521,800,000,000

Of Money and Metals: The Operation of a Free Money Supply Explained

We’ve been at it again!  Be the first to download our newest e-book,  now available on Smashwords and Amazon’s Kindle:

Of Money and Metals: The Operation of a Free Money Supply Explained

Of Money and Metals: The Operation of a Free Money Supply Explained is Volume II in the “Why what we use as Money Matters” series. Of Money and Metals presents the fallacies of the current day practice of circulating debt in the place of money and explains the urgent need for and the operation of a free money supply. This volume also explores the phenomenon of Bitcoins and digital currencies.

It is available to our dear readers for free until January 31, 2013 at smashwords.com, just enter coupon code: MA65L

Thank you for your support!

Of Money and Metals by David MInt