Tag Archives: organic growth

The Tenets and Benefits of True Capitalism

10/28/2011 Portland, Oregon – Pop in your mints…

We have been kicking around the idea of True Capitalism and cannot shake it.  In our experience, the only hope we have of shaking it and moving on is to write it out, so here it is.  Thank you for listening, fellow taxpayer.  It may be simply a directionless rant, then again, we may solve the world’s problems.  Either way, we aim to make it entertaining.

We will start with what we know:

True Capitalism is man’s most perfect expression of democracy

True Capitalism enables Justice

True Capitalism enables Equality

True Capitalism enables true prosperity

True Capitalism is born in and comfortable with Anarchy

True Capitalism is radically trusting in people

The Breakdown of society is a breakdown of Trust, If there is to be hope for the future, we must collectively learn to trust again.  True Capitalism is a constant test of trustworthiness and a betrayal of trust is quickly and harshly dealt with.  Conversely, those found trustworthy stand to be richly rewarded in a Truly Capitalistic system.  The meting out of natural rewards and consequences increases general trustworthiness.

Anarchy Leads to Order, Not Chaos

True Capitalism improves society by carrying out the consequences of actions in a rapid and impartial manner.  It encourages men and women to serve one another as they find that serving one another is in their mutual interest.  In fact, it is in their rightly understood self interest (to quote a term from Mises) to serve one another.

Intrigued?  So are we.  But what exactly is True Capitalism?

True Capitalism is a radical respect for life and private property.  It is the recognition that the right of an individual to life and private property are inviolate and that individuals, assured that their life and property are no endangered, will reap the fullest benefits of the division of labor and mutual cooperation which men and women on this earth are capable of.

Let Freedom Ring

Participation in the True Capitalistic System is not voluntary, for True Capitalism, as we will find, is not an idealistic concept, rather, it is an ultimate given.  Apart from participation, however, all other actions and agreements which do not violate other’s rights to life or property are completely voluntary.

Apart from being a part of the system, nothing done in the True Capitalistic System is purely obligatory.  This is where True Capitalism differs from what has come to be known as “Crony Capitalism,” the system in which most of the world currently operates which is full of random taxes, fees, regulations, and laws which require compulsion or coercion by a nation state in order to be paid or obeyed. 

At the other end of the spectrum, in the Truly Capitalistic system, actions such as paying an entity or observing a regulation may be strongly advisable to the point of being considered a necessity, but not taken under compulsion or the threat of violence by a nation state or another actor in the system.

In a Truly Capitalistic system, the best way to get ahead (obtain more opportunities, leisure, or whatever one desires) is to make oneself useful to his or her fellow man or woman.  The nature of the system is to reward those who best serve others.  Those rewarded then find themselves able to consume goods and services freely produced by their fellow man by using the resources they have obtained by doing the same.

If one lifts the veil of the machinations of today’s nation state, it is abundantly clear that this is more than idea, it is natural law.

We submit for your consideration, that, far from being unattainable ideals, True Capitalism (and by extension, Anarchy), are ultimate givens within which the current system of nation states are forced to operate.

If the nation state were to cease to exist, it can be argued that Anarchy would reign.  This is technically true.  Unfortunately, too many individuals believe that Anarchy would lead to chaos.  We believe that quite the opposite is true.

Out of Anarchy, the Truly Capitalistic System would ORGANICALLY emerge, and with it a new dawn for humanity, built on mutual interest and almost endless capital formation which will engender a spontaneous and dynamic social order, and a society without borders that would enjoy freedom and prosperity that we cannot even imagine under current conditions.


Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for October 28, 2011

Copper Price per Lb: $3.67
Oil Price per Barrel:  $93.32

Corn Price per Bushel:  $6.55  
10 Yr US Treasury Bond:  2.33%


Gold Price Per Ounce:  $1,743 PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  2.00%
Unemployment Rate:  9.1%
Inflation Rate (CPI):  0.3%
Dow Jones Industrial Average:  12,231  

M1 Monetary Base:  $2,071,500,000,000 RED ALERT!!!
M2 Monetary Base:  $9,607,200,000,000 YIKES UP $1 Trillion in one year!!!!!!!

Economy to suffer Rolling Blackouts, A Flare up in Palestine, Does the FED have an Expiration Date?

6/7/2011 Portland, Oregon – Pop in your mints…

Summer has arrived in Portland.  We had hoped that it would arrive months ago but as with 41% of our predictions here at The Mint, we were early, which is a polite way to say that we were wrong.

In the financial markets, it continues to rain.  The authorities have done everything in their power to stop the effects of the rain, hoping to simply ride it out.  They are now exhausted and the ominous prospect of rising flood waters to accompany the constant drizzle adds to their misery.

The storm began innocently enough and that was the problem.  Despite the dark clouds forming on the horizon, most people thought that they simply needed to stay indoors for a while, maybe move the patio furniture inside, and wait it out.

As it turns out, loading up the wagon and moving to higher ground is the only thing that can save them.  In a practical sense, this means paying off debts and moving assets into precious metals or anything else real.  It means cutting ties with any and all counter-parties because the probability of default is increasing and can strike without warning.

This financial storm did not necessarily require the divine insight afforded Noah in his day but to adequately prepare for it one needed to at least have in mind the possibility that this storm was no ordinary storm.

Yes, fellow taxpayer, the world economy is not in a recession or a depression (unless you are trying to describe a certain level of misery and not an economic phenomenon).  The economy is in the process of being completely retooled.  Bill Bonner at the Daily Reckoning calls it the “Great Correction.”  We do not have a name for it here at The Mint but Mr. Bonner’s term seems a bit mild to us.

Now that the FED’s firepower and credibility are completely expended, the economy is set to experience something akin to random “rolling blackouts.”  As the cash and credit that flowed steadily downstream for the past 50 plus years begins to dry up, a wall of water in the form of stimulus and monetary accommodation is barreling down the canyon and is literally destroying everything in its path and is PERMANENTLY changing the river’s channel.

Beyond the wall of water is a dry riverbed.  This has been confirmed as the FED’s credibility is shot.  Even if they could continue sending what water is left down the canyon it wouldn’t even come close to filling the new channel or be capable of forming anything that resembles the river that once was.

It is difficult to imagine a more desperate state of affairs.  This is one of the miracles of central planning, that it always and in every sense is a failure for everyone.  In some rare cases the planners benefit but for the most part, in the long run, even they are poorer for their efforts.

So what awaits the economy are unpredictable rolling blackouts as the lack of water causes random and unexpected defaults and quasi-defaults to occur until all participants learn to not trust each other.  Oddly enough, only then will something resembling organic growth begin anew.

An interesting idea was brought to our attention yesterday.  The idea is that the FED’s charter as America’s Central Bank is set to end on December 21, 2012, which nicely coincides with the final date on the Mayan Calendar.  We then further investigated and saw that someone with the Youtube user name “Man of Truth” predicted that the FED would be bankrupt in December of 2012 back in 2009.

While back in 2009 the Man of Truth may have sounded like a lunatic, circa 2011 his prediction seems not only possible but highly likely.  While the December 2012 date is arbitrary, all of this taken together with the fact that many people believe the Mayan Prophecy may be enough to disrupt life as we know it for an extended period of time.

Courtesy of http://bizarrocomics.com/

While we at the Mint do not personally believe in the Mayan Prophecy or the FED for that matter, we have a feeling that enough people do believe to warrant being prepared for an extended period of random rolling economic blackouts which will probably begin early in 2012, making the best time to prepare for them, well, now.

How to prepare?  First and foremost, accept Jesus Christ as your personal savior.  Then, not matter what happens, you have absolutely nothing to fear, not even death.

Second, financially act as if a flash flood is coming down the canyon and get whatever you think you may need to ride out the blackout period close at hand because the probability of obtaining it later is diminishing with each passing day.

Third, help others to do likewise.  In the process of helping others, you will literally be laying the foundation for the bright future that awaits you.

Piece of cake, right?

Meanwhile, the security situation in Palestine the Middle East continue to deteriorate.  Will it be enough to distract the West from its own perilous situation?

Stay Fresh!

David Mint

Email:  davidminteconomics@gmail.com

P.S.  Please check out our latest 72 Hour Call at www.davidmint.com

Key Indicators for Wednesday, June 7th, 2011

Copper Price per Lb: $4.15
Oil Price per Barrel:  $99.67
10 Yr US Treasury Bond:  3.01%
FED Target Rate:  0.10% FED IN DESPERATION MODE!!!!
Gold Price Per Ounce:  $1,545
MINT Perceived Target Rate*:  2.25% INFLATION HERE WE COME!!!!
Unemployment Rate:  9.1% ITS NOT WORKING
Inflation Rate (CPI):  0.4%
Dow Jones Industrial Average:  12,071
M1 Monetary Base:  $1,949,300,000,000 THE CRACK-UP BOOM BEGINS!!!!
M2 Monetary Base:  $8,985,800,000,000 MORE FUEL FOR THE CRACK-UP BOOM!!!!

*See FED 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.