Tag Archives: Jesus

How can men live together in organized society?

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

The following is one of the latter.

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

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

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

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

The Jewish colleague continues:

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

The Christian Archeologist responds:

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

To which the Jewish colleague replies:

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

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

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

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

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

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

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

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

Believe.

Watch 180

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

 

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

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

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

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

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

In practice, the monetary authority becomes the sovereign.

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

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

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

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

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

The Euro’s faith based currency is doomed

 

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

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

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

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

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

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

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

Stay tuned, Trust Jesus, and Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for August 16, 2011

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

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

FED Target Rate:  0.10%  TIGHTENING?  NOT!

Gold Price Per Ounce:  $1,787 PERMANENT UNCERTAINTY

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

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

Crash! The Mother of all Calls illustrated by Dave Kingman

8/4/2011 Portland, Oregon – Pop in your mints…

Today the Dow fell some 500 points.  Looking further, everything seemed to fall today.  We hope you have a good umbrella,  fellow taxpayer, it could be quite a storm.

Three noteworthy things seemed to have taken place in no particular order and for no apparent reason other than to unite to tank financial asset prices all over the globe, which is no small feat.  We will take them one by one.

First, overnight, the Japanese Central Bank intervened to prop up the dollar (or weaken the Yen, however you prefer to look at it).

Second, the world gave a collective thumbs down to the Eurozone’s “effort” to stabilize its bond markets.  The Euro Feds appear over matched in their currency union’s first true fidelity test.

This uncoordinated action led to the third event which we will call the “mother of all calls” on the US Dollar.  With short and long interest rates skipping around a zero as far as the eye can see, speculators have taken swings at the dollar like Dave Kingman at the 2-0 fastball.  The dollar is already sold short on an almost unimaginable scale.

Today, those speculators, ala Dave Kingman, whiffed and nearly fell over.  The only way this “mother of all calls” could be satisfied was for those short the dollar to quickly and injudiciously exit other positions.

This exiting injudiciously of  other positions is colloquially called a crash.

This crash, along with the foul smelling economic datacoming out of the US will give the Fed and Congress all the ammunition they need to launch both QE3 and any and every fiscal stimulus program they can dream up.

QE3 and fiscal stimulus on steroids will soon prove those speculators short the dollar right and the final, sordid chapter of the US Dollar’s history is about to begin!

Dave Kingman may have whiffed at the 2-0 fastball, but he has two more swings…

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for August 4, 2011

Copper Price per Lb: $4.19
Oil Price per Barrel:  $85.60

Corn Price per Bushel:  $6.93
10 Yr US Treasury Bond:  2.46%
FED Target Rate:  0.12%  TIGHTENING?  NOT!

Gold Price Per Ounce:  $1,649 PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  2.00%
Unemployment Rate:  9.2%
Inflation Rate (CPI):  -0.2%!!!  PULL OUT THE HELICOPTERS!!!
Dow Jones Industrial Average:  11,384  TO THE MOON!!!
M1 Monetary Base:  $2,012,200,000,000 RED ALERT!!!
M2 Monetary Base:  $9,226,100,000,000 YIKES!!!!!!!

*See the MINT Perceived target Rate Chart.  This rate is the FED Target rate with a 39 month lag, representing the time it takes for the FED Target rate changes to affect the real economy.  This is a 39 months head start that the FED member banks have on the rest of us on using the new money that is created.

Back from the Corn, Congress None the Wiser

7/27/2011 Portland, Oregon – Pop in your mints…

We are back from the corn fields and rest assured that despite the flooding on the Missouri, the corn and soy harvests look promising. 

Much to our surprise, the US Congress has not yet resolved its debt cieling standoff.  We have nothing to add other than this is either insanity in action or a blatant attempt to force money out of Treasuries and spark hyperinflation.  Given June’s negative CPI reading (which no thinking person should take seriously), we are beginning to think the latter is true.

We offer today’s Key Indicators for your perusal and enjoyment.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for July 27, 2011

Copper Price per Lb: $4.41
Oil Price per Barrel:  $97.23

Corn Price per Bushel:  $6.91  
10 Yr US Treasury Bond:  2.98%

FED Target Rate:  0.06%  JAPAN HERE WE COME!

Gold Price Per Ounce:  $1,614 PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  2.00%
Unemployment Rate:  9.2%
Inflation Rate (CPI):  -0.2%!!!  PULL OUT THE HELICOPTERS!!!
Dow Jones Industrial Average:  12,302  TO THE MOON!!!
M1 Monetary Base:  $1,944,400,000,000
RED ALERT!!!
M2 Monetary Base:  $9,092,700,000,000 YIKES!!!!!!!

 

*See the MINT Perceived target Rate Chart.  This rate is the FED Target rate with a 39 month lag, representing the time it takes for the FED Target rate changes to affect the real economy.  This is a 39 months head start that the FED member banks have on the rest of us on using the new money that is created.

Waiting for a Default, the Search for Knowledge, Final Prices, and What do Schlitz and the US Dollar have in Common?

6/22/2011 Portland, Oregon – Pop in your mints…

We search for answers, yet the questions are trumping them right now.  This phenomenon is inherent to human existence.  People are always chasing after knowledge.  In the Bible, the book of Daniel speaks of our times when the Angel tells Daniel in his vision:

“But you, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased.”

Daniel 12:4, King James Version

A little bit of knowledge sparks a thirst for more knowledge, which, once quenched, sparks an even greater thirst for knowledge.  Like Carmex, which soothes one’s chapped lips for a time only to dry them out again, which appears to create a perpetual “need” for to the product, knowledge provides answers and understanding which lead the enquirer to even more questions, and the cycle repeats itself.

The phenomenon expresses itself in markets in the form of a search for a “final price”.  In a free, unfettered marketplace, this price, in money terms, represents all that is known about the value of the good that is being exchanged for money at that point in time.  However, this “final price” is in and of itself a new data point to be considered, as is the exchange of goods which it represents.  This changing data necessarily creates a new “final price” which, by definition, takes into account all factors know about the value of the good and so on.

Ever since we decided to eat the fruit of the tree of the knowledge of good and evil, the chase for knowledge has continued and will continue until Jesus returns.

But what does this have to do with the US Dollar, let alone Beer?

We are glad you asked as we were getting a bit side-tracked.  Our personal search for knowledge has brought us to the most recent of the endless questions that need to be answered:

When will Central Bank Currency Regimes and Sovereign Governments admit they are bankrupt and be allowed to default?

This is an URGENT and very important question as the entire financial world cannot progress until this question has been answered.

To be clear, most western governments and their Central Bank run currency regimes are now technically in default.  They have been ever since they began to “solve” liquidity problems via money printing or “Quantitative Easing” (QE for short).

The acts of Quantitative Easing, which have been embarked upon by the US, Euro, and Japanese Central Banks is only necessary when the faith based currency regime in question has failed.  The necessity to print money which is not demanded by the market nor provided at market prices provides concrete proof that people are no longer willing to further enslave themselves by incurring additional debt.

As we have explained in this space before, debt is the lifeblood of the currency regime.  In these mindless confiscatory monetary systems where the only way to create money is to coax someone else into incurring debt, shrinking debt is the equivalent of someone pushing the currency regime’s self destruct button.

But instead of recognizing this fact for what it was, a failure of the system, much of western civilization continues in willful denial.  Soon, however, everyone will be rushing for the exits.

But we promised you a beer, fellow taxpayer, so crack yourself a cold one (on your own dime, of course, this is, after all, a free newsletter) and see if you tell us what the Federal Reserve Notes that we currently use as money and Schlitz Beer have in common?

What do Schlitz and the Federal Reserve Note have in Common?

Need a hint?  Think quality, or lack thereof.

Give up?  Here are the answers, as always, we invite inquiring fellow taxpayers to add to this list by commenting below.

First, both Federal Reserve Notes and Schlitz were once the gold standards of their product class (currency and beer, respectively).  Federal Reserve Notes took the place of US Dollars in 1913 and maintained the US Dollar’s tradition of quality and enjoyed increased market share until finally overtaking the British Pound Sterling as the world’s currency of choice.  In the beer industry, Schlitz rose to overtake rival Pabst as the most popular beer in the world in 1902.

In the 1970s, the Schlitz brewing process was changed to make use of high temperature fermentation in order to further speed production.  This change and subsequent changes in the formula had disastrous results which came to a head in 1982.  On the US Dollar front, then President Richard Nixon began to tinker with the US Dollar formula in the 70s, namely making the US Dollar no longer convertible into gold.  This watering down of the dollar supply had disastrous effects which also came to a head in the early 1980’s.

Both Schlitz and the US Dollar then continued to generally decline in status for close to 30 years.

In 2008, however, the old Schlitz formula was discovered and has been revived by Stroh’s Brewing Company to give new life to an old beer that everyone had left for dead.

Circa 2011, the US Dollar is still yearning to return to the “gold convertibility” formula that made it so insanely popular for the first half of the twentieth century.

Is there anyone who can find it?

Stay Fresh!

David Mint

Email:  davidminteconomics@gmail.com

P.S.  If you enjoy or at least otlerate The Mint, please share us with your family, friends, and colleagues.

Key Indicators for Wednesday, June 22, 2011

Copper Price per Lb: $4.10
Oil Price per Barrel:  $95.06 A FAILURE TO INFLATE

Corn Price per Bushel:  $6.07 MONETARY POLICY IS NOT WORKING
10 Yr US Treasury Bond:  2.99%
FED Target Rate:  0.09% FED IN PERMANENT DESPERATION MODE

Gold Price Per Ounce:  $1,549 BENEFITING FROM PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  2.25%
Unemployment Rate:  9.1%
Inflation Rate (CPI):  0.2%
Dow Jones Industrial Average:  12,163
M1 Monetary Base:  $1,921,900,000,000 RED ALERT!!!
M2 Monetary Base:  $9,084,400,000,000 YIKES!!!

*See MINT Perceived Economic Effect Rate Chart at bottom of blog.  This rate is the FED Target rate with a 39 month lag, representing the time it takes for the FED Target rate changes to affect the real economy.  This is a 39 months head start that the FED member banks have on the rest of us on using the new money that is created.

Humility

Be humble, as God is humble.

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

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

It has to do with our understanding of humility.

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

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

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

THIS IS SHOCKING!!!

Yet it makes perfect sense.

It is clear that God consistently opposes the proud.

Jesus washed the feet of His disciples.

Jesus died so that we would not have to.

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

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

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

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

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

Why turn the other cheek?

Why die to ourselves?

Why give and not count the cost?

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

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

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