Why it is Never a Good Idea to Talk to the Police

Today we came across some information that may literally be a question of life or death.  It is regarding the much vilified Fifth Amendment, better known for its Miranda translation, “The right to remain silent.”

We came across this crucial bit of information via the following article published at priceonomics.com:  http://priceonomics.com/how-sergey-aleynikov-learned-never-to-talk-to-the/

The jest of the article is that, rather than being a hiding place for criminals, the Fifth Amendment, the right to not incriminate oneself, serves an extremely important function in today’s culture where persons are all too often presumed guilty until proven innocent.  The best advice, when approached by a police officer, is to draw on the fifth amendment first and then ask questions later, with an attorney present.

The logic is that, the police, even under the best of circumstances, may unintentionally twist one’s words in a way that implicates them in a crime that one did not commit.  In the worst of cases, the Police use anything one says to frame them.

The article draws on information from the following lecture given by a law school professor and former criminal defense attorney, which deals extensively with this very issue:

With the incredible pressure and awkward situations in which those who are entrusted to serve and protect us are placed in daily, invoking the Fifth Amendment may also be the best way to get them out of a difficult situation.

Paradoxical as it may seem, the next time one is approached by the Police, the best course of action is to simply state, “I invoke my right to remain silent.  If you wish to speak with me, I will do so only with my attorney preset.”  When they ask why, simply state “Because, anything I say can and will be used to incriminate me.”

As society has made the Subtle Change from Principles to Rules, simply being alive and breathing may cause one to break any number of rules, both written and unwritten, no matter how much one tries to do the right thing.

The Police are there to enforce the rules, and we praise them for it, unfortunately the rules themselves all too often serve to pervert justice rather than serve it.  For innocents simply trying to live their life peacefully, the Fifth Amendment may be the best and only source of protection against random prosecutions.

Why What We Use as Money Matters, Our Economic and Philosophical Treatise, is Now Available

Our long awaited Treatise on Economy and Philosophy, Why What We Use as Money Matters, is now available in various digital formats at Smashwords.com and on Kindle at Amazon.com.  With any luck, we will have a print version available before we leave for the Southern Hemisphere.

Why What We Use as Money MattersWhat kind of book is this?  It is largely up to the reader to decide.  For us, it is the fruit of two years of wrestling with some of life’s deeper questions with regards to Economics, Politics, and Philosophy.  It has answered many of them and, in turn, has raised other issues, for in our exploration, as you will see, the current state of affairs is laid bare for all to examine, and our recommended courses of action may be unpalatable for many.

Nevertheless, there it is, altogether thick and challenging, yet refreshingly simple, the key to reversing the effects of climate change.Why What We Use as Money Matters

In a sense, it culminates the first phase of what we set out to do here at The Mint.  There will be more to come, but for the time being, we leave you to ponder the following brief excerpt:

“The natural world strives daily to achieve a perfect state of balance. Events and occurrences that, taken by themselves, appear chaotic and devoid of meaning are together part of a constant rebalancing of the earth’s delicate state. Each event is a splash of color across an oppressive gray sky that hints at a rainbow that will soon appear. “

 

The Snowden Revelations: Keeping the NSA in Perspective via Stratfor

While the world continues to watch and wait for Eric Snowden’s next move, we have watched with bewilderment from afar.  We has baffled us is how Mr. Snowden’s revelations about the NSA’s programs qualify as shocking.

To anyone who has stopped to ponder the phenomenon of the Internet, it should have been abundantly clear long ago that the structure of Internet itself is, among other things, a giant information gathering tool.  To assume that those in power would not make use of this tool towards their ends is to deny the power of self interest.

However, while programs such as PRISM and many others which surely exist are disturbing, they are not without precedent in the American Imperial experience.  In many respects, the Internet, while greatly facilitating the gathering of information, has likely served to make the mission of the NSA with respect to evaluating such data infinitely more difficult.

The following essay, Keeping the NSA in Perspective by George Friedman, is republished here with permission of Stratfor.

As always, Mr. Friedman does a fine job of providing the historical context for the current NSA/Snowden fiasco as well as presenting both the operational and constitutional difficulties not only of surveillance programs such as PRISM, but also of waging a war with such vague objectives as the current War on Terror seems to have.

Without further ado, Mr. Friedman…

By George Friedman

In June 1942, the bulk of the Japanese fleet sailed to seize the Island of Midway. Had Midway fallen, Pearl Harbor would have been at risk and U.S. submarines, unable to refuel at Midway, would have been much less effective. Most of all, the Japanese wanted to surprise the Americans and draw them into a naval battle they couldn’t win.

The Japanese fleet was vast. The Americans had two carriers intact in addition to one that was badly damaged. The United States had only one advantage: It had broken Japan’s naval code and thus knew a great deal of the country’s battle plan. In large part because of this cryptologic advantage, a handful of American ships devastated the Japanese fleet and changed the balance of power in the Pacific permanently.

This — and the advantage given to the allies by penetrating German codes — taught the Americans about the centrality of communications code breaking. It is reasonable to argue that World War II would have ended much less satisfactorily for the United States had its military not broken German and Japanese codes. Where the Americans had previously been guided to a great extent by Henry Stimson’s famous principle that “gentlemen do not read each other’s mail,” by the end of World War II they were obsessed with stealing and reading all relevant communications.

The National Security Agency evolved out of various post-war organizations charged with this task. In 1951, all of these disparate efforts were organized under the NSA to capture and decrypt communications of other governments around the world — particularly those of the Soviet Union, which was ruled by Josef Stalin, and of China, which the United States was fighting in 1951. How far the NSA could go in pursuing this was governed only by the extent to which such communications were electronic and the extent to which the NSA could intercept and decrypt them.

The amount of communications other countries sent electronically surged after World War II yet represented only a fraction of their communications. Resources were limited, and given that the primary threat to the United States was posed by nation-states, the NSA focused on state communications. But the principle on which the NSA was founded has remained, and as the world has come to rely more heavily on electronic and digital communication, the scope of the NSA’s commission has expanded.

What drove all of this was Pearl Harbor. The United States knew that the Japanese were going to attack. They did not know where or when. The result was disaster. All American strategic thinking during the Cold War was built around Pearl Harbor — the deep fear that the Soviets would launch a first strike that the United States did not know about. The fear of an unforeseen nuclear attack gave the NSA leave to be as aggressive as possible in penetrating not only Soviet codes but also the codes of other nations. You don’t know what you don’t know, and given the stakes, the United States became obsessed with knowing everything it possibly could.

In order to collect data about nuclear attacks, you must also collect vast amounts of data that have nothing to do with nuclear attacks. The Cold War with the Soviet Union had to do with more than just nuclear exchanges, and the information on what the Soviets were doing — what governments they had penetrated, who was working for them — was a global issue. But you couldn’t judge what was important and what was unimportant until after you read it. Thus the mechanics of assuaging fears about a “nuclear Pearl Harbor” rapidly devolved into a global collection system, whereby vast amounts of information were collected regardless of their pertinence to the Cold War.

There was nothing that was not potentially important, and a highly focused collection strategy could miss vital things. So the focus grew, the technology advanced and the penetration of private communications logically followed. This was not confined to the United States. The Soviet Union, China, the United Kingdom, France, Israel, India and any country with foreign policy interests spent a great deal on collecting electronic information. Much of what was collected on all sides was not read because far more was collected than could possibly be absorbed by the staff. Still, it was collected. It became a vast intrusion mitigated only by inherent inefficiency or the strength of the target’s encryption.

Justified Fear

The Pearl Harbor dread declined with the end of the Cold War — until Sept. 11, 2001. In order to understand 9/11’s impact, a clear memory of our own fears must be recalled. As individuals, Americans were stunned by 9/11 not only because of its size and daring but also because it was unexpected. Terrorist attacks were not uncommon, but this one raised another question: What comes next? Unlike Timothy McVeigh, it appeared that al Qaeda was capable of other, perhaps greater acts of terrorism. Fear gripped the land. It was a justified fear, and while it resonated across the world, it struck the United States particularly hard.

Part of the fear was that U.S. intelligence had failed again to predict the attack.  The public did not know what would come next, nor did it believe that U.S. intelligence had any idea. A federal commission on 9/11 was created to study the defense failure. It charged that the president had ignored warnings. The focus in those days was on intelligence failure. The CIA admitted it lacked the human sources inside al Qaeda. By default the only way to track al Qaeda was via their communications. It was to be the NSA’s job.

As we have written, al Qaeda was a global, sparse and dispersed network. It appeared to be tied together by burying itself in a vast new communications network: the Internet. At one point, al Qaeda had communicated by embedding messages in pictures transmitted via the Internet. They appeared to be using free and anonymous Hotmail accounts. To find Japanese communications, you looked in the electronic ether. To find al Qaeda’s message, you looked on the Internet.

But with a global, sparse and dispersed network you are looking for at most a few hundred men in the midst of billions of people, and a few dozen messages among hundreds of billions. And given the architecture of the Internet, the messages did not have to originate where the sender was located or be read where the reader was located. It was like looking for a needle in a haystack. The needle can be found only if you are willing to sift the entire haystack. That led to PRISM and other NSA programs.

The mission was to stop any further al Qaeda attacks. The means was to break into their communications and read their plans and orders. To find their plans and orders, it was necessary to examine all communications. The anonymity of the Internet and the uncertainties built into its system meant that any message could be one of a tiny handful of messages. Nothing could be ruled out. Everything was suspect. This was reality, not paranoia.

It also meant that the NSA could not exclude the communications of American citizens because some al Qaeda members were citizens. This was an attack on the civil rights of Americans, but it was not an unprecedented attack. During World War II, the United States imposed postal censorship on military personnel, and the FBI intercepted selected letters sent in the United States and from overseas. The government created a system of voluntary media censorship that was less than voluntary in many ways. Most famously, the United States abrogated the civil rights of citizens of Japanese origin by seizing property and transporting them to other locations. Members of pro-German organizations were harassed and arrested even prior to Pearl Harbor. Decades earlier, Abraham Lincoln suspended the writ of habeas corpus during the Civil War, effectively allowing the arrest and isolation of citizens without due process.

There are two major differences between the war on terror and the aforementioned wars. First, there was a declaration of war in World War II. Second, there is a provision in the Constitution that allows the president to suspend habeas corpus in the event of a rebellion. The declaration of war imbues the president with certain powers as commander in chief — as does rebellion. Neither of these conditions was put in place to justify NSA programs such as PRISM.

Moreover, partly because of the constitutional basis of the actions and partly because of the nature of the conflicts, World War II and the Civil War had a clear end, a point at which civil rights had to be restored or a process had to be created for their restoration. No such terminal point exists for the war on terror. As was witnessed at the Boston Marathon — and in many instances over the past several centuries — the ease with which improvised explosive devices can be assembled makes it possible for simple terrorist acts to be carried out cheaply and effectively. Some plots might be detectable by intercepting all communications, but obviously the Boston Marathon attack could not be predicted.

The problem with the war on terror is that it has no criteria of success that is potentially obtainable. It defines no level of terrorism that is tolerable but has as its goal the elimination of all terrorism, not just from Islamic sources but from all sources. That is simply never going to happen and therefore, PRISM and its attendant programs will never end. These intrusions, unlike all prior ones, have set a condition for success that is unattainable, and therefore the suspension of civil rights is permanent. Without a constitutional amendment, formal declaration of war or declaration of a state of emergency, the executive branch has overridden fundamental limits on its powers and protections for citizens.

Since World War II, the constitutional requirements for waging war have fallen by the wayside. President Harry S. Truman used a U.N resolution to justify the Korean War. President Lyndon Johnson justified an extended large-scale war with the Gulf of Tonkin Resolution, equating it to a declaration of war. The conceptual chaos of the war on terror left out any declaration, and it also included North Korea in the axis of evil the United States was fighting against. Former NSA contractor Edward Snowden is charged with aiding an enemy that has never been legally designated. Anyone who might contemplate terrorism is therefore an enemy. The enemy in this case was clear. It was the organization of al Qaeda but since that was not a rigid nation but an evolving group, the definition spread well beyond them to include any person contemplating an infinite number of actions. After all, how do you define terrorism, and how do you distinguish it from crime?

Three thousand people died in the 9/11 attacks, and we know that al Qaeda wished to kill more because it has said that it intended to do so. Al Qaeda and other jihadist movements — and indeed those unaffiliated with Islamic movements — pose threats. Some of their members are American citizens, others are citizens of foreign nations. Preventing these attacks, rather than prosecuting in the aftermath, is important. I do not know enough about PRISM to even try to guess how useful it is.

At the same time, the threat that PRISM is fighting must be kept in perspective. Some terrorist threats are dangerous, but you simply cannot stop every nut who wants to pop off a pipe bomb for a political cause. So the critical question is whether the danger posed by terrorism is sufficient to justify indifference to the spirit of the Constitution, despite the current state of the law. If it is, then formally declare war or declare a state of emergency. The danger of PRISM and other programs is that the decision to build it was not made after the Congress and the president were required to make a clear finding on war and peace. That was the point where they undermined the Constitution, and the American public is responsible for allowing them to do so.

Defensible Origins, Dangerous Futures

The emergence of programs such as PRISM was not the result of despots seeking to control the world. It had a much more clear, logical and defensible origin in our experiences of war and in legitimate fears of real dangers. The NSA was charged with stopping terrorism, and it devised a plan that was not nearly as secret as some claim. Obviously it was not as effective as hoped, or the Boston Marathon attack wouldn’t have happened. If the program was meant to suppress dissent it has certainly failed, as the polls and the media of the past weeks show.

The revelations about PRISM are far from new or interesting in themselves. The NSA was created with a charter to do these things, and given the state of technology it was inevitable that the NSA would be capturing communications around the world. Many leaks prior to Snowden’s showed that the NSA was doing this. It would have been more newsworthy if the leak revealed the NSA had not been capturing all communications. But this does give us an opportunity to consider what has happened and to consider whether it is tolerable.

The threat posed by PRISM and other programs is not what has been done with them but rather what could happen if they are permitted to survive. But this is not simply about the United States ending this program. The United States certainly is not the only country with such a program. But a reasonable start is for the country that claims to be most dedicated to its Constitution to adhere to it meticulously above and beyond the narrowest interpretation. This is not a path without danger. As Benjamin Franklin said, “They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.”

The Mint Money Supply Digest – July 15, 2013

7/15/2013 Portland, Oregon – Pop in your mints…

Now that summer is in full swing there are few surprises on the horizon and the world, it would appear, is resigned to reluctantly following the current credit cycle on its dramatic upward trajectory. While we do not believe that the centrally managed credit cycles of today are beneficial (indeed, they are quite the opposite) nor do we believe in money in its present form (as long-suffering readers well know), the centrally managed credit cycle is quite predictable and in this sense appeals to our inner laziness.

Some five years ago, the Federal Reserve began doing everything in their power to stimulate credit, as the swoon of 2008, induced by a series of blind 25 basis point hikes in the Fed’s rate target, threatened to choke off the lifeblood of the debt based monetary system.  At the time, we postulated that it would be roughly 39 months before the average man on the street began to feel stimulated the way the Fed’s architects imagined he would.

Now, 60 months on, consumer credit is finally picking up, on net, and everywhere you look the debt soaked economy is on a high.  The money is so hot one risks a scorched retina by merely looking upon it as it flashes through the bond, equity, and commodity charts.

Unfortunately, beyond the glare, the debt based money supply has left some major sinkholes in the economy that either fiscal or monetary policy can patch.  The trick to safely navigating through the coming phase of the most recent edition of credit madness sponsored by central banks across the globe will be to avoid being engulfed by the sinkholes, for at this point there exists not the means nor political will to do so.

Where are the sinkholes?  Alas, if we knew for certain, we would long since have laid our pen to rest in favor of a life of leisure.  However, if we were pressed to guess, we would watch for them to appear under any patch of economic mass holding large sums of cash or long term debt instruments.

Given that criteria, the central banks themselves come to mind.  It is they that will remain trapped in concrete as human progress speeds ahead.

Stay tuned and Trust Jesus!

Stay Fresh!

Key Indicators for July 15, 2013 

Malala Yousafzai addresses the UN as a 16 year old peacemaker

Malala Yousafzai, the Pakistani girl who survived a vicious attack by Taliban gunmen as she and her friends attempted to exercise their right to go to school, was given the opportunity of a lifetime yesterday as she addressed a youth delegation at the United Nations’ general assembly room on her 16th birthday.  Her address to the UN, which can be seen below in its entirety, will go down as one of the greatest in recent memory.

Many in the West will no doubt be stricken by the fact that there are places in the world where girls are not allowed to attend school even when the facilities exist.  We were stricken for a different reason:  Malala is not only one who has stood up for educational rights, she is a 16 year old peacemaker.

In the speech she cites Gandhi, Martin Luther King, and others as her inspiration to pursue peaceful methods of protest.  In doing so, she has become a living example of two truths:

That violence is a symptom of cowardice, and that the peacemakers shall be called the children of God.

A New Season is Upon the Earth

7/11/2013 Portland, Oregon – Pop in your mints…

The summer is in full swing here in the Northwest.  We have recently sent the manuscript for our mini treatise off to perhaps the only publisher that aligns ideologically with its many and varied themes; Laissez Faire Books.

As we await a response, we are directing our creative energies into the construction of a playground/deck/Gaudi-esque structure upon some otherwise idle ground near the back of the property.  As someone who stares at screens for a living, wielding a circular saw and power screwdriver is nothing short of exhilarating.

There is something about creating something from nothing that brings with it a contentment only those who have done it can explain.  It is to work outside the confines of time and space while at the same time yielding to their limitations.  In the best of moments, it brings us closer to the divine.

In addition to our power tool therapy, we have been seeking funding for a number of projects that have come across our radar.  While our efforts to this point have been categorically unsuccessful, we have a feeling that is about to change.  We have had the feeling that things are about to break loose for some time now.

Yesterday, this feeling was confirmed in the most unexpected of settings, a Board Finance Committee.  In the middle of the meeting, as we were punting around various ideas and cost savings measures, a prophet came in and declared a new season had come upon the world, a season in which the plans of Yahweh, those that have been stayed for various reasons, would now come to pass.  That the righteous would have resources thrust into their hands.  This season began in early July.

With that, all discussion ceased and we simply came into agreement in prayer over the matter as a Committee, and the meeting was adjourned.  It was the most unique committee meeting we have ever attended.

It must be said that there is great relief in prayer.  While simply praying is no guarantee that funds will appear or that plans will come to pass, it is a guarantee that the matter is firmly in Yahweh’s hands, leaving the outcome, whatever it may be, a victory for the Kingdom of Heaven.

In other words, prayer brings peace, and in this case the confirmation of a notion that The Lord has laid upon us for the past six months. A new season in the spiritual realm has arrived.

It is crucial that we open our eyes, or we shall remain blind.  This was made clear to us in a vision we had yesterday (yes, visions are returning as well!) in which we saw a field and a man standing at the end of it.  The man was looking through a field of vision that allowed him to see a mere 1% of the immense richness of the land in front of him.

This represented the blindness inherent in seeking answers in numbers, which provides one a viewpoint that is 1% reality and 99% fiction.  If we can learn to see past the 1% and step forward into the field before us, the 99%, the abundance of Yahweh’s supply for us, appears as if out of nowhere…yet it has been there all along.

Such is the blindness of those who decide based on numbers alone, for the numbers are at best, a trailing indication of words, decisions, and actions long past. At worst, they are a stumbling block and a snare.  For renewal an growth to take place, there must be a complete separation from the current concept of money and the reality of the natural world.  This separation is just now beginning to take place.

Finally, we are also making preparations for our long delayed annual journey to Bolivia, where we hope to advance a project that has long been on our hearts:

The Night John the Baptist Died

Stay tuned and Trust Jesus!

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for July 11, 2013

Copper Price per Lb: $3.16
Oil Price per Barrel:  $104.63
Corn Price per Bushel:  $7.16
10 Yr US Treasury Bond:  2.57%
Mt Gox Bitcoin price in US:  $86.90
FED Target Rate:  0.09%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,286
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  0.1%
Dow Jones Industrial Average:  15,461
M1 Monetary Base:  $2,623,800,000,000
M2 Monetary Base:  $10,629,300,000,000

An Agnostic Moment – Episode 4 arrives with the Big Seven

Episode 4 in Craig Birchfield’s entertaining and informative series, An Agnostic Moment, brings to light a series of arguments which he dubs the Big Seven which are like flashing billboards on the highway of life constantly pointing us towards the divine.  Enjoy!

Why Short-Term Interest Rate Management is Harmful to the Economy: The Unseen Funding Dynamic

Ben Bernanke Testimony
Pondering the folly of Short-term interest rate management

7/1/2013 Portland, Oregon – Pop in your mints…

There are days when things are muddled and days when things are so painfully apparent it disturbs us that we did not happen upon it sooner.  Today is one of the latter.

We have been pondering the failure of centralized planning.  While the evidence is clear that centralized planning is a failure, pointing to the reasons why can prove elusive.  The same holds for our working theory that in order for the activities of mankind to be in balance with the natural world, the monetary premium, a concept that is commonly referred to as money, must be affixed to the natural realm.

Today, a revelation regarding the problem with fixing short-term interest rates (or any interest rate for that matter) came upon us which we will share with you now.  We believe that the revelation deals with both the problem of short-term interest rate fixing as well as the larger issue of the placement of the monetary premium, for the two are linked.

The revelation is the following:  Imagine you are a banker who needs to fund a loan.  In order to fund this loan, you would presumably need to have the money available with which to fund it.  This is simple logic, however, in the real world of banking, the decision of whether or not to fund a loan is completely disconnected from the availability of funds, which is primarily determined by the overnight funding markets which, in turn, are completely reliant upon short-term interest rates.

In a world that followed the rules of financial physics, the short-term interest rates would be completely dependent upon the availability of funds in the system.  However, the centralized management of interest rates makes this critical data point, which would otherwise provide a snapshot of the amount of capital in an economic system which is held in liquid form and available for deployment, irrelevant.  The amount of capital available in system can be determined on whim, such is the power of centralized discount rate management.

As such, the ability of the banker to fund the loan is not dependent upon an availability of funds that represents the amount of capital available in the real world, rather, his ability to fund the loan is completely dependent upon the borrower’s ability to pay, the size of the loan, and the structure of the bank’s balance sheet.

The three criteria above are important, as any underwriter will tell you, but the invisible fourth criteria, the true availability of the funds for the loan, what we call the funding dynamic, is completely ignored in the following fashion:

When the short-term interest is managed to be low, as is the case currently, any borrower who has the capacity to pay and has a lending need that fits well with a certain bank’s loan mix is extremely likely to get funded, regardless of whether or not the economics system as a whole has the capital available to fund his or her loan.  When the short-term interest rate is managed to be high, as it was in the early 1980’s in the US, funding any loan, regardless of the ability to pay and fit with then bank’s balance sheet, becomes impossible to fund.

In both cases, both the borrower and the banker are left completely in the dark as to whether or not there exists the necessary capital stock or productive capacity in the economy for the funds to be deployed in the manner that the borrower envisions, for the short-term interest rate signal has been genetically modified to send a common signal to all participants.

Unfortunately, it is a signal that blinds everyone to the facts of the situation.  For many are the hopes, dreams, and ideas of mankind, but it is the funding dynamic which keeps these hopes, dreams, and ideas in harmony with the natural world upon which we all depend.

Right now, we are floating in the clouds, completely disconnected from reality.  The landing caused by the next round of high rates, via a natural rebalancing of accounts or further genetic modification of the short-term rates, will be very hard indeed.

The funding dynamic is so delicate that mankind cannot hope to optimize genetically modification, for when left alone, it is optimized by definition.  Again, by definition, every attempt to modify will bring about sub-optimal results.

As with all complex economic and political systems, dissent is information, and serves to manage the system’s outputs while at the same time increasing the resiliency of the system, making it less susceptible to shocks.

Centralized short-term interest rate management must be abandoned before it is too late, for it is leading the activities of mankind towards a dangerous showdown with the limitations of the natural world.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for July 1, 2013

Copper Price per Lb: $3.14
Oil Price per Barrel:  $97.99
Corn Price per Bushel:  $6.55
10 Yr US Treasury Bond:  2.48%
Mt Gox Bitcoin price in US:  $89.74
FED Target Rate:  0.09%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,253
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  0.1%
Dow Jones Industrial Average:  14,975
M1 Monetary Base:  $2,452,200,000,000
M2 Monetary Base:  $10,628,800,000,000

The Primary Reason for the Superiority of Anarchy as a System

Dissent is information:  Anarchy ensures system resilience
Dissent is information: Anarchy ensures system resilience

Here at The Mint, we have learned to embrace the anarchy in which we live as an ultimate given.  Anarchy is the primary state of being for all humans, whether we recognize it or not.  The sooner one realizes that they live in a state of Anarchy, the better able they will be to operate within it.

We also recognize that centralized control, when exercised without consent, is bad.  Fortunately, anarchic systems have a way of dealing with centralized control by forcing the disbandment of any form of control that is not obtained by assent.  Not by assent of the majority, as democratic thought would have us believe, but assent by each individual.  As such, if one is involuntarily subject to a form of centralized control, there is an easy escape for those who are not physically detained.  The escape hatch is in the mind, as all centralized control mechanisms can be escaped by changing one’s mind about the power it wields over them.

As both anarchy and its antithesis, centralized control, coexist to some extent all around us in various forms of ultimately voluntary capitalist and socialist systems which are constantly interacting with each other,  it is often difficult, if not impossible, to understand why Anarchy is superior to centralized control.

We recently came across a post on Zerohedge.com, Why Centralization Leads to Collapse, which articulates what we believe to be the primary reason the for the superiority of Anarchy:

Dissent is information

The author of the post, in a concise, well written fashion, recognizes that centralized control, which is an natural outgrowth of the desire for efficiency, leads to the rejection and ultimate termination of viewpoints that do not agree with the ideology or methods of the central authority.  Dissent is ignored, hindered, or terminated.

However, is terminating dissent, the centralized authority has removed perhaps the most important means by which a system can transmit information from the margins.

This information is important as well as the activities that dissenters carry out, for the diverse and seemingly contrary activities serve to make the entire system in which people live “anti-fragile.”  This means, for practical purposes, that an anarchic system is better prepared to deal with changes in data and the natural environment because it is constantly dealing with it by default, while a centralized system labors under the delusion that’s contingency plans are adequate to stave off any event that would threaten the supposedly superior system.

The rejection of dissent, then, ensures the collapse of the centralized system, while the toleration of the Anarchic system ensures its resilience.  It may be said that the chief virtue of Anarchy, then, is that it prevents centralized control by definition.

God recognized this and intervened famously on the Tower of Babel to ensure the earth which had rejected Him would remain resilient.  Mankind is dangerously close to constructing any number of similar towers today.

Will we recognize the error in time?

The Mint Money Supply Digest – June 27, 2013

6/27/2013 Portland, Oregon – Pop in your mints…

With the last trading day in June in sight, the US equity markets are staging a comeback from their recent collapse.  Nearly everything is along or the ride except for currency alternatives such as Bitcoin and Gold.

While we think the stock markets will continue to post nominal highs, it is painfully apparent that the action over the past few days is smells more of window dressing than any serious near term move higher.  After all, most working Americans are due a statement of their retirement account on June 30, and their asset managers want to make sure they have a number appear that will ensure their employment for another quarter.

In the real world, where window dressing in not an issue, there is a serious problem occurring.  On one hand, there is an unprecedented amount of liquid funds available for deployment.  On the other, there is a world on edge, reluctant to take the bait.

If history is any guide, the recent rise in interest rates will kick start the exchange of money (for we are loathe to call it economic activity) and the central bankers of the world will have all the velocity they can handle to go along with their unprecedented creation of currency.

It will be quite a ride, and when it is finished, we will either have a large increase in overall price levels and a severely disjointed and dysfunctional economy, or we will have a full scale currency collapse and a severely disjointed and dysfunctional economy.

Either way, dollar holders lose.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for June 27, 2013

Copper Price per Lb: $3.02
Oil Price per Barrel:  $96.82
Corn Price per Bushel:  $6.67
10 Yr US Treasury Bond:  2.48%
Mt Gox Bitcoin price in US:  $102.59
FED Target Rate:  0.09%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,201
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  0.1%
Dow Jones Industrial Average:  15,024
M1 Monetary Base:  $2,452,200,000,000
M2 Monetary Base:  $10,628,800,000,000

The Mint Money Supply Digest – June 24, 2013

6/24/2013 Portland, Oregon – Pop in your mints…

And then there were two.

The liquidity drain initiated by the People’s Bank of China has caused a fire sale on financial assets across the globe as Chinese banks scramble to make various margin calls in the face of double-digit overnight rates.  Lee Adler, over at the Wall Street Examiner, offers some insight into the big squeeze currently underway:

US and Japan Pump It, Chinese Dam It and Suck, And Europe Sullenly Suffers Shrinkage

For the uninitiated, we beg of you to take a step back and to leave, just for a moment, any thought of “efficient market” hypotheses and market fundamentals behind and see the financial world for what it is:  A bunch of corporations with large credit card bills to pay and margin calls to meet.

Like anyone who has a large credit card bill to pay or margin call to meet, the ability to meet the obligation is more often than not determined by the willingness of other large corporations in similar situations to lend them money.  If they can, great, the credit rolls over.  If not, assets must be liquidated so that the debt can be paid.

The flaw in efficient market theory, with regards to financial markets, is that it implies stability when, in fact, most debtors, especially big ones, only liquidate assets as a final option.  As such, this type of liquidation often occurs suddenly and with little warning, hence the feeling of panic and cascading financial markets.

At their core, equity markets represent decisions at the margin. They often reflect this type of liquidation in an exaggerated manner.  In an odd way, this sort of whiplash seems to be the only way to spur Central bankers into action.

The actions of the PBoC suggest that they have had enough of the easy money policy that has dominated Central Bank actions for the past five years.  They have pulled the plug.  Does it have anything to do with Mr. Snowden?  Who knows, but it is what it is.

As it stands now, the Federal Reserve and Bank of Japan now stand alone on the mountain of insane monetary policy, watching the smoke plumes rise.

Anyone who has perused The Mint no doubt has noticed that we keep a relatively small collection of coins online.  This serves a dual purpose.  First, it allows us to quickly grab marketing copy should we have a particular coin in stock.  Second, it allows us to savor the coin as we attempt to put its dual faces into words.  Normally, this can be a tedious and relatively dull process.

1 OZ .999 Fine Silver First Anniversary Mount St. Helens Harry Truman Commemorative Round – 1981
1 OZ .999 Fine Silver First Anniversary Mount St. Helens Harry Truman Commemorative Round – 1981

Today was different, as we came across a relatively rare 1 OZ .999 Fine Silver First Anniversary Mount St. Helens Harry Truman Commemorative Round, minted in 1981.  For those who are unfamiliar with Harry R. Truman, we offer our marketing copy as a brief descriptor:

On one side of this coin is a bust of Harry R. Truman, the caretaker of the Mount St. Helens Lodge at Spirit Lake who stubbornly refused to leave his home even as the historic eruption was imminent. Truman was 84 when the Mount St. Helens erupted and is presumed to have died along with his 16 cats and 56 others that fateful day on May 18th, 1980. Truman’s bust is surrounded by the inscriptions “Courage,” “Spirit,” “Determination” above and his name, “Harry R. Truman” and the years he was born and died, “1896 – 1980″ below. The letters “KU” appear to the right, their meaning is unknown.

On the other side of this reeded coin is a depiction of Mount St. Helens erupting flanked by the inscriptions “One Troy Ounce” and “.999 Fine Silver,” to indicate its weight and silver content. The top of the coin, just above the smoke plume, is adorned with the inscription “First Anniversary.” Below the mountain are inscribed “1980 – 1981,” and the words “Mount St. Helens.” These beautiful coins are a great way to inspire your friends, loved ones, and co-workers by recalling the finer qualities of a man who became a hero for sticking by his desire to ride out a violent act of nature, come what may.

Mr. Truman, may he rest in peace, in many ways represents the Fed and BoJ today.  The other Central Bankers of the world have stepped cautiously back, away from the dreadful inflation for which the eruption of Mount St. Helens will serve as a handy metaphor of today.

1 OZ .999 Fine Silver First Anniversary Mount St. Helens Harry Truman Commemorative Round – 1981
1 OZ .999 Fine Silver First Anniversary Mount St. Helens Harry Truman Commemorative Round – 1981

Not Mr. Bernanke and his Japanese counterparts.  Both the US Dollar and Yen have been on the mountain longer than many of their counterparts, and their current caretakers are convinced that the bubbling inflation that their policies are stoking will simply blow over as they has in the past.

Are they right?  Or is it time to move away a safe distance from the mountain?

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for June 24, 2013

Copper Price per Lb: $3.03
Oil Price per Barrel:  $94.85
Corn Price per Bushel:  $6.53
10 Yr US Treasury Bond:  2.55%
Mt Gox Bitcoin price in US:  $122.89
FED Target Rate:  0.10%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,283
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  0.1%
Dow Jones Industrial Average:  14,660
M1 Monetary Base:  $2,432,200,000,000
M2 Monetary Base:  $10,621,100,000,000

Embarrassing Gospels – An Agnostic Moment – Episode 3

Today we return with Episode 3 of Craig Birchfield‘s thought provoking series, An Agnostic Moment. In this episode, Birchfield explores the Gospels.  Specifically, he explores the seeming contradiction contained in the first four books that form the basis of Christianity.

The contradiction is this; the Gospels, taken at face value, come across as an exercise in self-effacement by the church’s founders.  Rather than a religious how to or self-help book, the Gospels portray a most unflattering picture of Jesus’s disciples.

It is hardly the type of propaganda that one would produce were they to set out to start a religious movement.  The only plausible reason that the leaders of a religious movement would allow such an unflattering depiction of themselves to propagate is that perhaps they were not interested in starting a religious movement at all, but rather testifying with brutal accuracy to what they had seen and heard as they walked with the Messiah.

Enjoy!

An Intro to Why What We use as Money Matters – The Calling

6/21/2013 Portland, Oregon – Pop in your mints…

A quick peek at the financial markets over the last two days may lead one to think the world is ending.  From what we can tell, investors are attempting to front run what they perceive to be an earlier than anticipated FED exit from its unprecedented support of the Bond market to let it fend for itself.

Lest us be clear, the Federal Reserve will not exit when anyone expects it.  The mere prospect of it, which began to transmit itself through the markets on Wednesday, caused Treasuries to collapse towards normal and overnight lending in China to seize up while leaving equities and commodities as collateral damage.  M1 even managed to collapse again to $2.4 trillion.  These are hardly long-term (or short-term, for that matter) Fed goals.

If Fed history is any guide, it shows that the Fed knows absolutely nothing.  For example, can you predict what GDP or unemployment will be in one, two, or three years?  Neither can the Federal Reserve governors, who are tasked with controlling such matters.  The only difference between the man on the street and a Federal Reserve governor with regard to such matters is that the wild guess of the man on the street is more likely to be accurate than that of the Fed governor, but that is a tale better wound by those more qualified to explain such matters, such as Lee Adler at the Wall Street Examiner.

We are gearing up to publish our Treatise on political economy, Why What We use as Money Matters, before we head out on holiday this year.  It is more than a treatise, it is our calling (more below).

The current plan is to copy-edit and self publish this important work unless we are successful in landing an interested publisher in the interim.  It is urgent that mankind examine what is in their wallet, for it is currently an invisible hand steering mankind towards a myriad of disasters that are either unfolding or about to unfold.  These man-made disasters can be undone, if only a few can grasp what we have to share.

Stay tuned for the release and enjoy the brief introduction below!

Introduction:  The Calling

Owen Meany had a calling.  The hero in John Irving’s 1989 New York Times bestseller A Prayer for Owen Meany which was later loosely adapted to the feature-length film Simon Birch, believed himself to be God’s instrument in an unswerving and often shocking manner.  Owen Meany’s calling was as clear to him as it was confusing, for while he could see the end result, he could not foresee nor fully understand the varied circumstances which guided him to his encounter with destiny.

We believe that, like the fictional Owen Meany, every human being that is alive or has ever lived has a calling, something specific that is to be done in this world that only they and they alone can accomplish.  The task may be ignored, but it cannot be delegated.  It may require the collaboration of many to accomplish, but the burden and drive to complete the task rests with one individual.

If the task does not get done, it does not get done, and the world will be all the worse off for it.  On the other hand, if it is accomplished, all the host of heaven will applaud, for every calling that is recognized and pursued is not simply another task to be completed, it is an indispensable stitch in the fabric of what may be if only all of humanity would accept the call to a higher purpose that, far from being reserved for the exceptional, is the birthright of every human.

The following nine volumes are our calling.  Taken individually, they are a winding exploration of philosophy, monetary theory, economics, dual entry accounting, climate change, and eschatology.  Taken together, they are a treatise on political economy of such gravity and importance that, if fully understood by even one person among a million, will bring the activities of mankind into a perfect balance with nature.

Will that person be you?

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for June 21, 2013

Copper Price per Lb: $3.10
Oil Price per Barrel:  $93.92
Corn Price per Bushel:  $6.68
10 Yr US Treasury Bond:  2.17%
Mt Gox Bitcoin price in US:  $115.00
FED Target Rate:  0.10%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,299 THE GOLD RUSH IS ON HOLD FOR THE SUMMER!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  -0.4%
Dow Jones Industrial Average:  14,799
M1 Monetary Base:  $2,432,200,000,000
M2 Monetary Base:  $10,621,100,000,000

The Mint Money Supply Digest for June 17, 2013

6/17/2013 Portland, Oregon – Pop in your mints…

Over the past week the M1 money supply has come roaring back from its relative collapse over the prior two weeks.  Today, the measure sits at $2.6 trillion.

For the uninitiated, the M1 and M2 Money supply measures, published on a weekly basis by the Federal Reserve, are defined as the following:

M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler’s checks of nonbank issuers; (3) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions. Seasonally adjusted M1 is constructed by summing currency, traveler’s checks, demand deposits, and OCDs, each seasonally adjusted separately.

M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market mutual funds, less IRA and Keogh balances at money market mutual funds. Seasonally adjusted M2 is constructed by summing savings deposits, small-denomination time deposits, and retail money funds, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.

In layman’s terms, the M1 Money supply is what we refer to as “Money on the street,” or cold hard cash.  It is the part of the money supply that is otherwise unencumbered or loaned out on float.

The M2 Money supply is perhaps best defined as the Money on the street (M1) plus all of the money that customers think is held at banks but is really loaned out.

In the past, the Federal Reserve also published the M3 (Broad) Money supply measure, which was essentially all of the money that customers had, thought they had, and/or thought that they could receive (via the inclusion of money market funds and repo instruments).  It was perhaps the truest measure of the money circulating in an economy  in aggregate.  In addition to base money, demand deposits, and time deposits, M3 included what the largest treasuries were holding in quasi money instruments . The Federal Reserve stopped publishing the measure on  March 23, 2006 as it began to launch into the stratosphere.

While the Broad money supply (M3) may have crossed the line into credit instruments {Editor’s Note:  Here at The Mint we recognize all Central Bank notes as credit instruments by definition}, it was an excellent proxy for inflation, for it gave demonstrated the sum total of how many players were participating in the game of monetary musical chairs that the banks and large treasuries play every evening when they settle up.

The M2/M1 Ratio

Today, we submit for your perusal, a graphic of the M2 Money supply divided by the M1 Money supply (the M2/M1 Ratio) by month for the data sets since January 1, 1959, the first year that the data is easily retrievable, through the first week of June.

Historical Ratio of M2 / M1 Money Supply Measures
Historical Ratio of M2 / M1 Money Supply Measures

For purposes of interpretation, the chart shows the degree to which the M1 Money supply is “leveraged” by commercial banks to create what is reported in the M2 figures.  Bear in mind this ratio is a function of both bank reserve requirements and consumer behavior.  Generally speaking, the M1 and M2 Money supply measures have been increasing over the span of the chart.

The ratio between them, however, has been on a general increase as well, meaning that the M1 measure has been leveraged.  This leverage appears to have peaked around 5.4 during the meltdown of late 2008 and early 2009.  Ever since then, it has been on a steady decline and currently stands at 4, just a shade above the straight average of 3.7 for the entire data set.

At a glance, it would appear that the economy, in terms of the M2/M1 ratio, is returning to a healthy balance.  In practice, this means that the game of musical chairs that occurs at the Fed settlement each night is a bit less stressful for the participants.

Unfortunately, this ratio appears to be historical with little predictive value save that perhaps a ratio of 5/1 being an indication that the monetary base is overextended.

For the moment, with the downward trend in the ratio intact, it appears that the monetary base that the Federal Reserve has gone to great pains to pad via its QE programs, is intact and ready to support an increase in economic activity.  Howver, one must keep in the back of their mind that the money supply itself is fragile, and if confidence in the Fed were to evaporate, all bets are off.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for June 17, 2013

Copper Price per Lb: $3.19
Oil Price per Barrel:  $97.78
Corn Price per Bushel:  $6.68
10 Yr US Treasury Bond:  2.17%
Mt Gox Bitcoin price in US:  $106.99
FED Target Rate:  0.09%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,385 THE GOLD RUSH IS ON HOLD FOR THE SUMMER!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  -0.4%
Dow Jones Industrial Average:  15,180
M1 Monetary Base:  $2,634,300,000,000
M2 Monetary Base:  $10,586,200,000,000

The Mint Money Supply Digest for June 11, 2013

6/11/2013 Portland, Oregon – Pop in your mints…

Here at The Mint we have been invited to take part in a summer ritual dating back to 1887, one which we have abstained from participating in for one reason or another for twelve years:  Softball.

We began what was a reintroduction to the ritual last night in a double header.  There was much familiar and generally a good time was had by all.  What was unfamiliar was the unexpected mind/body dynamic that took place as we laced up the cleats, grabbed our glove, and pulled our hat down.

As we trotted out to center field, a position chosen entirely at random as time constraints forced our team to tacitly choose positions on the fly, our mind took a trip back some 20 years to our high school baseball days.  Unfortunately, our body, which must deal with reality, did not make the trip.

The Georgia Peach in a 1910 photo Courtesy of the George Grantham Bain Collection (Library of Congress)
The Georgia Peach in a 1910 photo Courtesy of the George Grantham Bain Collection (Library of Congress)

What followed was a series of misguided exertions and poorly judged balls that passed for softball only by virtue of our dress and physical location.  While we avoided striking out, the results were far from optimal.  With every successive exertion, our already limited range in the position made famous by Ty Cobb, Mickey Mantle, and Willie Mays, became even more limited while the range perceived by our 17 year old mind grew to that exercised by the Georgia Peach himself.

Towards the end, we found ourselves playing just a shade off the infield and found ourselves in a number awkward instances where we were unnecessarily obligating ourselves to replicate Mays’ famous Catch with quite different results.

However, today is another day and brings another double header with it.  How will it turn out?  Fortunately, our body is only beginning to seize up and we should avoid the full physical consequences of last nights folly until at least tomorrow.

The M1 money supply is racing upwards once again after a dramatic drop over the past two weeks.  Equities, Fixed Income, and Gold are beginning to exhale, which means an inordinate amount of dough is set to run through a supermarket near you.

To make matters worse, or better, depending upon your preference for more Quantitative Easing on the part of the FED, the BLS (sans L) Unemployment rate ticked up to 7.6%, virtually ensuring that the program will remain in place.  Despite recent speculation of a taper, QE is the only thing standing between the big banks and insolvency.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for June 11, 2013

Copper Price per Lb: $3.19
Oil Price per Barrel:  $95.25
Corn Price per Bushel:  $6.59
10 Yr US Treasury Bond:  2.19%
Mt Gox Bitcoin price in US:  $106.99
FED Target Rate:  0.11%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,378 THE GOLD RUSH IS ON HOLD FOR THE SUMMER!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  -0.4%
Dow Jones Industrial Average:  15,171
M1 Monetary Base:  $2,585,400,000,000
M2 Monetary Base:  $10,489,300,000,000

 

U.S. Naval Update Map: June 6, 2013 | Stratfor

The private intelligence firm Stratfor publishes a weekly report on the positioning of US Naval assets using non-classified, open source information available to the public.  While this week’s report does not appear to contain any surprises, they can provide valuable insight into the movements of the primary means by which the United States projects its military power across the globe.

The complete report and graphic are republished here with permission of Stratfor:

U.S. Naval Update Map: June 6, 2013

U.S. Naval Update Map: June 6, 2013
U.S. Naval Update Map: June 6, 2013 is republished with permission of Stratfor

The Naval Update Map shows the approximate current locations of U.S. Carrier Strike Groups and Amphibious Ready Groups, based on available open-source information. No classified or operationally sensitive information is included in this weekly update. CSGs and ARGs are the keys to U.S. dominance of the world’s oceans. A CSG is centered on an aircraft carrier, which projects U.S. naval and air power and supports a Carrier Air Wing, or CVW. The CSG includes significant offensive strike capability. An ARG is centered on three amphibious warfare ships, with a Marine Expeditionary Unit embarked. An MEU is built around a heavily reinforced and mobile battalion of Marines.

Carrier Strike Groups

  • The USS Dwight D. Eisenhower CSG with CVW 7 embarked is conducting missions supporting Operation Enduring Freedom, maritime security operations and theater security cooperation efforts in the U.S. 5th Fleet AOR.
  • The USS Nimitz CSG with CVW 11 embarked is conducting maritime security operations and theater security cooperation efforts in the U.S. 7th Fleet AOR.
  • The USS Carl Vinson is underway in the Pacific Ocean for routine training.
  • The USS Harry S. Truman CSG with CVW 3 embarked is conducting a sustainment exercise in the Atlantic Ocean in preparation for an upcoming deployment.

Amphibious Ready Groups/Marine Expeditionary Units

  • The USS Kearsarge ARG with the 26th MEU embarked is underway in the U.S. 5th Fleet AOR supporting maritime security operations and conducting theater security cooperation efforts.
  • The USS Wasp is underway in the Atlantic Ocean for routine training.

U.S. Naval Update Map: June 6, 2013 is republished with permission of Stratfor

You can follow Stratfor on Twitter or Facebook at the following links:

Twitter: @stratfor on Twitter

Facebook: Stratfor on Facebook

To Build up the Land, Thoughts on Mankind’s uneasy intercourse with Nature

To Build up the Land
To Build up the Land

Our latest ebook offering here at The Mint, To Build up the Land, Thoughts on Mankind’s uneasy intercourse with Nature, is now available on Smashwords and Amazon’s Kindle.

It is a thought provoking look at the root cause of climate change and the origins of mankind’s interaction with the land.

From GMOs to CAFOs and back through to the elusive Garden of Eden, To Build up the Land explores how the modern day urban centric worldview has given rise to both the myth of overpopulation as well as the all too real phenomenon of climate change.

However, rather than searching out the usual suspects of increased carbon footprints, fossil fuels, and over development, we masterfully pinpoint the root cause of climate change.  It is a cause that is seldom recognized or addressed, yet it lies at the heart of the myriad of crises which increasingly besiege our planet.

As a special offer to our loyal readers, you can pick up a free copy here at The Mint until June 11th.  Just click here and follow the check out process.

Visit Smashwords.com, Amazon’s Kindle Store, or pick up your very own Mint edition today!

Fresh ideas on Economics, Monetary Theory, Politics, and Less Pressing but Equally Entertaining Matters for the English and Spanish speaking worlds