Tag Archives: Eschatology

What is Bitcoin?

12/11/2013 Portland, Oregon – Pop in your mints…

We are settling in for a long, productive winter here at The Mint.  While there is a whirlwind of activity outside, the key to maintaining one’s sanity is to maintain an internal balance, no matter what happens.

The best way we have found to do this is to maintain a state of constant rest, the eternal Sabbath, if you will, together with the creator in the very core of our being.  Rather than experiencing God in one’s mind or even heart, true peace is found when you experience Him in the abdominal region, often referred to as the soul.

It was in the midst of this rest today that we had a profound revelation.  While the revelation was centered on the present Bitcoin phenomenon, it has implications far beyond the Bitcoin, and, for those of us who are paying attention, may reveal something of the nature of the divine as well as that of humankind.

Longsuffering readers of The Mint know that our musings on Monetary Theory often lead us to dabble in Eschatology, the study of what are commonly called the end times in world religions that hold apocalyptic worldviews.  Today’s revelation, as you will see, is a further dabble into this inherently speculative subject.

Before we dive into today’s revelation, we must provide a bit of context with regards to Bitcoin.

Bitcoin, an Unregulated Ponzi Scheme

We have watched the rise of the Bitcoin/USD ratio, which now stands near $909, ever since April.  In this short time frame, we have observed that every time there is a surge in the Bitcoin price, it attracts an increasing amount of attention, both positive and negative.  As it is with most things in life, the negative opinions are played at a higher volume.  In the case of Bitcoin, those who hold it in disdain throw around two flavors of arguments:

1.  It is a Ponzi scheme and, 2.  There is no regulation of it.

The detractors are correct on both counts, however, what they fail to recognize is that the same is true for fiat currencies, equities, and all other indirect claims on wealth.

“But what about the FED, SEC, the Government, etc.?  Don’t they regulate currencies and equities?” come the shrill voices from the public.

Again, this rebuttal is correct if one takes the narrow view of both of the unregulated Ponzi schemes in question.  The Federal Reserve does attempt to regulate its Ponzi scheme within the framework of the IRS and Banking system, and the SEC attempts to regulate various Ponzi schemes within its purview on various stock exchanges.

However, the unregulated universe in both equities and currencies is much larger than most realize, and Bitcoin’s apparent lack of regulation stems from the fact that it is a mere four years in existence.  Given time, sovereign governments and Bitcoin exchanges will begin to erect a regulatory framework for the Bitcoins that pass amongst their citizens or participants.  Indeed, these efforts are already underway.

The narrow analysis of Bitcoin that its critics lean on is that Bitcoin is either an equity or a currency.  In this faulty analysis, they point to the fact that as an equity or currency, there is nothing immediately recognizable within its framework that would lend it valuable.  Therefore, they state smugly, Bitcoin is a Ponzi scheme to be avoided and derided, case closed.

Yet supposedly educated, computer literate persons are willing to pay $900 USD per Bitcoin despite the risks.  What gives?  What the failed analyses of Bitcoin do not recognize is that Bitcoin is neither a currency or an equity, but rather the purest reflection to date of something that is pursued by nearly every person on the planet the world over on a daily basis in some form or another.

It may come as a shock to you, fellow taxpayer, and indeed much of humankind, that a great majority of humanity pursues what Bitcoin represents without even knowing how to articulate what they are pursuing.

While a portion of Bitcoin’s value stems from its functionality as an open source international money transfer channel, we believe that most of Bitcoin’s value stems from the fact that it is the purest reflection of what we call the Monetary Premium.  In an academic sense, the Monetary Premium is the relative increased value attached to an item that is attributable to a specific, ephemeral part of the item’s value that is related to its function, no matter how minimal it may be, as money.

As the common person’s view of money is generally limited to fiat currencies, it is understandable that most would not know what makes a fiat currency act as money.  It then follows that Bitcoin, which is the purest form of the Monetary Premium, would be widely misunderstood by most of humankind.

Bitcoin, The Monetary Premium, and Eschatology: The Revelation

With the lengthy but essential matter of defining what Bitcoin is out of the way, the revelation that follows should now be clear.

The revelation is best presented in the following bullet points:

1.  Bitcoin may be the purest reflection of the Monetary Premium known to humankind.

2.  The Monetary Premium is manmade and cannot be seen.

3.  Pursuit of the Monetary Premium in some shape or form is what a majority of humans dedicate a large portion of their daily activities towards through the acts of producing, consuming, and investing.

4.  When God warns of the choice between God and money, as He does in Matthew 6:24:

24  “No one can serve two masters, for either he will hate the one and love the other; or else he will be devoted to one and despise the other. You can’t serve both God and Mammon.”

The Mammon (money) being referred to is not an inanimate object, but rather the Monetary Premium.

5.  The Ultimate choice between full, dedicated worship to the invisible God and continuing to pursue the invisible manmade Monetary Premium will be presented to those who are still present on earth with the ultimatum presented to mankind described in Revelation chapter 13:16-18 (for those who are familiar with eschatology, this last statement makes it clear that we hold a pre tribulation rapture view):

16 He causes all, the small and the great, the rich and the poor, and the free and the slave, to be given marks on their right hands, or on their foreheads; 17 and that no one would be able to buy or to sell, unless he has that mark, the name of the beast or the number of his name. 18 Here is wisdom. He who has understanding, let him calculate the number of the beast, for it is the number of a man. His number is six hundred sixty-six.

Click the image above to read more on Eschatology and Money
Click the image above to read more on Eschatology and Money

What does it all mean?

The Bitcoin is not the Mark of the Beast or any such thing.  However, Bitcoin’s unique reflection of the Monetary Premium is illustrative for purposes of understanding money in Biblical contexts where the worship of money is juxtaposed with the worship of God, as it is in Matthew 6:24, and the implications for such an understanding within the context of eschatological studies, specifically when pondering the events described in Revelation chapter 13.

Beyond the monetary realm, Trusting Jesus today is the single most important step that one can take in the search for inner peace.  For chasing the fickle monetary premium around will never allow for rest, peace with God can be found in Jesus.  He is closer than you think, waiting to commune with every one of us in the eternal Sabbath.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for December 11, 2013

Copper Price per Lb: $3.28
Oil Price per Barrel:  $97.37

Corn Price per Bushel:  $4.31
10 Yr US Treasury Bond:  2.84%
Mt Gox Bitcoin price in US:  $900.50
FED Target Rate:  0.09%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,252

MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.0%
Inflation Rate (CPI):  -0.1%
Dow Jones Industrial Average:  15,844
M1 Monetary Base:  $2,658,600,000,000

M2 Monetary Base:  $10,900,400,000,000

Rapture!

8/20/2012 Portland, Oregon – Pop in your mints…

We have recently released our latest e book here at The Mint entitled:

Eschatology and Money: A brief look at what is to come

For as long as we leave it up, it can be had for free over at Smashwords.com.

As the title suggests, it is a brief look at what is to come in the monetary realm as the Biblical prophecies regarding the end of the world unfold.  While nobody can predict when or exactly how these events will play out, it is important to be aware of them and, if necessary, take the gift of time afforded us in the here and now to make the proper adjustments to one’s relationship to both their money and The Living God.

The Beauty of Rapture

Students of Eschatology will note our belief in a pre-tribulation rapture.  For those unfamiliar with the term, the concept of rapture is the taking up, out of this world, of we who accept Jesus of Nazareth as the promised Jewish Messiah.

Jesus’ life, death, and resurrection undeniably changed the world.  He is the ultimate expression of God’s mercy towards us.  To us it is logical that we are to be called up to heaven to watch God’s final judgments unfold from the safety of our new home with Him.  Admittedly, anyone who has taken the time to read the book of Revelation would be either masochistic or insane to not want to subscribe to a pre-tribulation rapture.

Even so, there are strong arguments which find support in scripture for a “mid-tribulation” rapture or even a “post-tribulation” rapture.  Further, there are those who believe that the book of Revelation is simply an allegory for events which occur from time to time throughout history.

Given the seemingly sound, yet grim, alternatives, on what basis can we have confidence that this pre-tribulation rapture is true?

As stated above, the basic logic of our worldview leads us to this conclusion.  God loves us jealously and mercifully.  He is bringing the judgments described by John to the earth to prove once and for all the He is the only God.  For those of us who already understand this, the display of sovereignty and wrath is unnecessary and inconsistent with who He is to us.

However, if God is making one last merciful attempt to call His creation to Him, the events in described in Revelation are perhaps the only way to get their attention.  The time of evangelism of the living saints will be over.  Were God to allow those of us who have already chosen to give our lives to Him to suffer further through the tribulations, it would only serve to cause confusion amongst those whom He will call during the time of tribulation.

For those who believe that God will need many witnesses at that time, would not the rapture of the saints, who would disappear without notice, be perhaps the most powerful witness since Jesus himself first appeared?  We argue that many who witness the rapture but do not partake in it will be God’s most fruitful evangelists through the tribulation that is to come.

To apply this logic to the events examined in our e book, for the believer, the test of allegiance that will take the form of the mark of the beast appears to be, has already been passed.

Beyond logic and into Beauty

Yet beyond logic, or perhaps to further affirm it, there is a beautiful symmetry between God’s first universal act of redemption, at the resurrection of Jesus which occurred on the date of a Jewish festival call the Passover, and what will be His final act of redemption before He returns to physically reign, which we believe will be at the time of Rosh Hashanah, the Jewish day of atonement or judgment.  It is also known as the Feast of Trumpets.

Jason Hommel has written extensively regarding the Feast of Trumpets being the appointed time of the coming rapture of the saints.  Through his insights, we gather a greater glimpse of the beauty of Jesus’ plan to rapture His bride, the church.

For the rapture will not be an emergency airlift operation of a people in distress, this is what the day of our salvation from sin was.  No, the rapture will be Christ knocking at our door to take those who are prepared and have our lamps lit to our wedding feast with Him.

Somehow the word beauty seems inadequate.  For God has given us the model of the Jewish wedding, a seven day celebration which begins at an unexpected time.  This is consistent with the scripture, “You will know not the day nor hour, but the season.”  It is also consistent with the celebration of Rosh Hashanah, which generally takes place over a period of two days for the simple reason that no one knows exactly when the new moon, which marks its beginning, will occur.

You will notice that while we may be certain of the time of year which Jesus will come, no one is certain as to which year it will occur, nor the specific date, the only certainty is that the doors of heaven will be swung wide open at that time.

It is just as God intended it, and it is beautiful.

Rosh Hashanah for the year 5773 (or 2012, according to the Gregorian calendar) begins on September 16th.

Is your lamp lit?

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for August 20, 2012

Copper Price per Lb: $3.37
Oil Price per Barrel:  $95.83
Corn Price per Bushel:  $8.15
10 Yr US Treasury Bond:  1.81%
FED Target Rate:  0.13%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,621 PERMANENT UNCERTAINTY
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  8.3%
Inflation Rate (CPI):  0.0%
Dow Jones Industrial Average:  13,272
M1 Monetary Base:  $2,308,300,000,000
M2 Monetary Base:  $10,037,100,000,000

Dabbling in Eschatology: What to expect in the Monetary Realm as the world comes to an end – Part III of III – The Vision of Daniel

4/11/2012 Portland, Oregon – Pop in your mints…

If you missed parts I or II of this series, please click below and give them a brief read before continuing:

Part I – Give to Caesar what is Caesar’s and Part II – The Vision of John

In our brief but necessary excursion into the wild world of Eschatology here at The Mint, we have endeavored to bring to your attention, fellow taxpayer, what one can expect in the Monetary Realm as the world comes to an end.

To be clear, we are not predicting when the world will come to an end, for only God alone can determine this, rather, we are sharing our interpretation of what will take place regarding man’s relationship to his money and possessions as the inevitable trials and tribulations which will take place begin to unfold.

First, a brief review of parts I and II of the series:

Part I – Give to Caesar what is Caesar’s:  Around 2000 years ago, Jesus reiterated the importance of a mark in determining monetary ownership, stating that since the mark of Caesar is on the coin used to pay the tax to Caesar, it is proper to “give to Caesar what is Caesar’s, and to God what is God’s.”

With this simple statement, Jesus reaffirmed both the complete Sovereignty of God as well as the validity of private property held by men in God’s view.

The obvious yet staggering implication is that money and coinage given by an Emperor may at some point be demanded back by that Emperor, therefore it is foolish to accumulate money and coinage issued by an Emperor as a store of one’s wealth.

Not surprisingly, the same is true today.

Part II – The Vision of John:  Roughly 60 years after Jesus’ declaration, the Apostle John was given a vision of the events that would transpire before Jesus returned to the earth to reign triumphantly.

{Editor’s Note:  This is not unprecedented; in addition to the vision of Daniel which we will discuss today, a vision of Jesus’ first coming was given to Isaiah some 700 years prior to the event.}

 

Albrecht Dürer, The Revelation of St John: The Four Riders of the Apocalypse, 1497-98, Woodcut
The Revelation of St John: The Four Riders of the Apocalypse, 1497-98, by Albrecht Dürer, Woodcut

John’s vision, recorded in the book of Revelation, covers a great deal of topics and is perhaps the most widely studied book when it comes to Eschatology.  In this series, we are specifically concerned with only the portion of the vision which is commonly referred to as the “Mark of the Beast.”

In our review, we stated that the “beast (satan)” will at some point in the future demand the worship of all men.  Specifically, he will ban all worship of the One True God and cause a statue to be set up, which God refers to as the “abomination which causes desolation,” and demand that everyone on the earth render worship to the statue.

One tactic that will be used to coerce mankind into worshiping the statue instead of the One True God will be to require mankind to accept a “mark” on their physical body in order to be able to buy and sell.

The choice to accept or deny this mark will be the watershed moment for the inhabitants of the earth at that time.  They will be forced to choose to either throw their lot in with satan, whose kingdom is being destroyed forever, or the One True Living God, whose Kingdom is established for eternity.

On paper, the choice is obvious.  However, given the deception which satan employs in an attempt to manipulate mankind, much perseverance will be required.

The prospect of losing title to all of their possessions and not being able to buy or sell may be too much for even self professed Christians to bear, and many, faced with the choice to continue their way of life within the system or to presumably wander the earth as Cain was, may be tricked into capitulating to satan’s tactic and accepting the mark.

We wrote yesterday that the Rapture will occur before any of the tribulations, including the dreaded choice of whether or not to accept the “mark of the beast,” takes place.  Therefore, if the end times which John writes of seem like too much to bear (as it is for us,) we implore you to begin trusting Jesus today.

If you have just made or have already made a decision to trust Jesus, you may stop reading and begin a life of praise and service to God.

However, for those who are unfortunate enough to be living on the earth during the perilous days to come, the third and final passage which we will consider is intended to give them a measure of hope, as well as the timeframe which one must be prepared to endure.

Fortunately, God has given us, circa 2012, a guide to the end times.  For the vision of Daniel regarding the end times, related in the book of Daniel, Chapter 12, taken together with the vision of John in Revelation gives us the specific time frames that the “Mark of the Beast” will be required to be used for buying and selling within the earth’s system.

It is clear from John’s vision that the imposition of the mark will coincide with the erection of the statue which God calls the “abomination which causes desolation.”  Therefore, according to Daniel 12:11-12, the time frame from the beginning of the tribulations until the time that the decision to accept or reject the mark is presented to all of those on the earth at that time, will be 1,290 days, or approximately 3 years and 6 months.

If one finds him or herself on the earth at this time, we advise you to use those 1,290 days to prepare at least 45 days of rations.

Why 45 days?  Because 45 days is the period of time which one will have to refrain from buying or selling if you still desire to accept Jesus and reject the mark of the beast.  As it is related in Daniel 12:12:  “Blessed is the one who waits for and reaches the end of 1,335 days.”

Again, 45 lonely days is all one will have to refrain from buying or selling as a consequence of wisely rejecting the mark of the beast.  During this extremely short period of time, the beast will appear to have complete control over the monetary realm.

Then, the fraudulent monetary and religious system that the beast has attempted to impose on the earth will collapse, and all of the earth will fall into a deeper tribulation as a result.  However, it is clear from Daniel’s vision that those who refused to accept the mark of the beast will be blessed.

We are aware that this is but one of many interpretations of the events surrounding the end times.  It is our prayer that you will find both comfort and a call to action in our interpretation of what is to come. 

45 days may seem like a long time, but with the proper preparations, all of the peoples of the world who remain during the coming tribulation may eagerly await the coming of Jesus without fear and full of hope.

God is faithful and will quickly answer honest and earnest prayer.  We encourage everyone to study the Bible and to seek God in order to develop their own understanding of what is to happen and what they are to do.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

 

Key Indicators for April 11, 2012

Copper Price per Lb: $3.68

Oil Price per Barrel:  $102.70

Corn Price per Bushel:  $6.36

10 Yr US Treasury Bond:  2.03%

FED Target Rate:  0.15%  ON AUTOPILOT, THE FED IS DEAD!

Gold Price Per Ounce:  $1,660

MINT Perceived Target Rate*:  0.25% AWAY WE GO!

Unemployment Rate:  8.2%

Inflation Rate (CPI):  0.4%

Dow Jones Industrial Average: 12,805

M1 Monetary Base:  $2,299,000,000,000

M2 Monetary Base:  $9,823,900,000,000

Dabbling in Eschatology: What to expect in the Monetary Realm as the world comes to an end – Part II – The Vision of John

4/10/2012 Portland, Oregon – Pop in your mints…

If you missed Part I of this series, please click below and give it a brief read before continuing:

Part I – Give to Caesar what is Caesar’s

It is clear from Jesus’ answer to the spies’ question that He ascribed little importance and value to the coinage of Caesar.  This flew in the face of what to most people believe about money on a subconscious level.

As we have explored in this space before, the current monetary system, where money is debt, creates an unnatural link between human beings, a sort of mutual slave/master relationship in which each and every person within the system finds themselves ensnared.

How does Caesar ensnare people in this system?  By simply placing his mark on the coinage, the coin becomes Imperial property.  The next step is to pass a series of laws, commonly known as legal tender laws, which obligate people to use the coinage in trade and commerce.

“Give to Caesar what is Caesar’s,” therefore, may be seen as a call out of the system of Imperial coinage and tribute.  If one remains in the system by accepting and using the coinage in exchange for goods and labor, they remain a slave to the empire and all of the money bearing his mark which they have accumulated belongs to Caesar.

Today, some 2000 years after Jesus’ words, most of the western world lives in a system where not only does the modern day Caesar lay claim to their money via a mark, but also their future output by means of debts which are incurred as a necessity in the face of the declining real world value of the Imperial coinage in trade.

And yet it is only money, nothing more.  Jesus stresses both private property rights and God’s divine sovereignty over all when He continues, “and to God what is God’s.” implying that everything is God’s while recognizing the right for Caesar to lay claim to all Imperial coinage via the mark.

This brings us to the second passage which we will examine as we continue our eschatological dabbling into what to expect in the monetary realm as the world comes to an end.

Albrecht Dürer, The Revelation of St John: The Four Riders of the Apocalypse, 1497-98, Woodcut
The Revelation of St John: The Four Riders of the Apocalypse, 1497-98, by Albrecht Dürer, Woodcut

The second passage relates to us a portion of the vision given to the Apostle John as he was exiled on the Isle of Patmos in the Aegean Sea circa 95 AD.

The passage, Revelation 13:14-18, is a source of widespread discontent amongst Christians who are paying attention as it warns of a time when all people on the earth will be forced to make a permanent choice between accepting the “mark of the beast” and “buying and selling.”

The discontent stems from the perception that one will be forced to accept the mark, and as a consequence presumably be forever estranged from Jesus, to be able to put bread on the table for themselves and their families.  On the surface, this discontent is completely understandable.

Yet in light of the coming rapture of the Church, it is also completely unfounded for the true believer.  Allow us to explain.

At the Mint, we are of the opinion that Jesus will rapture us (those who have accepted Jesus as their savior) before the inhabitants of the earth are faced with this fateful decision.  This opinion is based on the parallels between the rapture and Jewish wedding traditions, where the bride (the Church of Christ) is swept away for seven days.

The parallel is that Jesus will come to sweep us away and hide us in his house (heaven) for the seven years of the tribulation which were revealed to John in his vision.  This interpretation is supported by everything else that Jesus said about the end of the world.

While nobody knows exactly when Jesus will come, it is reasonable to expect that He will return around the time of Rosh Hashanah, the Jewish New Year.  The first coming of the Messiah, Jesus, was the culmination of the Jewish Passover which occurs in the springtime.  It could logically follow that the second coming of Jesus would occur during the harvest time around the Feast of Trumpets.  Though we do not know the time of Jesus’ return, we will know the season.

If you, too, would like to share this joyful fate, we encourage you to choose today to trust Jesus.  At this point, you may stop reading and begin a life of praise and service to God.

In the unfortunate event that one chooses to decline God’s loving invitation and finds themselves on the earth when humanity is faced with the ultimatum to either accept the mark of the beast or to be denied access to a perceived economic necessity, namely, “buying and selling,” please read on, for there will still be time to choose eternal life with God, but it will involve a seemingly difficult decision.

There is no shortage of speculation as to what form this “mark of the beast” will take, ranging from barcode tattoos, implanted microchips, and even the choice to worship on Sunday.  Here we do not wish to add to the speculation.

Rather than focus on the substance which the mark will take, it is more important to focus on what it will mean, for at the time of the ultimatum, the choice they are being asked to make will be subtle and at the same time, crystal clear for all of mankind.

God’s enemy, satan, desires to occupy the place of God in people’s lives and the obligation to worship an image and accept a mark will be his final, desperate attempt to obtain all human worship for himself through a final deception.

It is clear that this desperate attempt will fail, yet that even some of those who are following Jesus may be led astray.  For this reason, it is important for all to be aware of the choice which is being presented.

The acceptance or denial of the mark will be a choice that all those on earth will be forced to make and it appears to be the final watershed event in human history.  The choice for those living at that time will be clear to them and the consequences eternal.

The choice is the following:  Will you accept the mark and throw your lot in with the world which you can see or will you deny the mark and throw your lot in with the unseen God, and as a consequence subject yourself and your family to being ostracized from the world system to face hunger, persecution, and torture?

Denying the mark will likely be similar to losing title to all of one’s assets and loss of access to the banking system.

In other words, it would mean being shut out of the system.

The choice that each person makes at that time will then be clear for all to see.  It will symbolize either entitlement to goods, services, and protection in the world system or being cast out of it to wander the earth as Cain did.

Those who desire to throw their lot in with God at that time are then presented with the some very important questions here and now:  How long can you and your family survive without access to your assets or the banking system?  Is it worth it to resist the mark and live as wanderers?  Won’t God understand if I take the mark and forgive even this transgression?

To the first two questions, only you can provide the answers.  The Bible is clear as to the answer to the third question, and from what we read in Revelation 14:9-12, it appears that the answer is no.

So, then, the true believer is left to prepare to live outside of the system until Jesus comes for them, to keep their lamp lit until the groom comes, as it were.

But for how long?  That, fellow taxpayer, is the exciting part, and it will have to wait until tomorrow.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for April 10, 2012

Copper Price per Lb: $3.69

Oil Price per Barrel:  $100.90

Corn Price per Bushel:  $6.34

10 Yr US Treasury Bond:  1.99%

FED Target Rate:  0.16%  ON AUTOPILOT, THE FED IS DEAD!

Gold Price Per Ounce:  $1,660

MINT Perceived Target Rate*:  0.25% AWAY WE GO!

Unemployment Rate:  8.2%

Inflation Rate (CPI):  0.4%

Dow Jones Industrial Average: 12,716

M1 Monetary Base:  $2,299,000,000,000

M2 Monetary Base:  $9,823,900,000,000