10/29/2012 Portland, Oregon – Pop in your mints…
While we have taken the decision, along with a silent majority of Americans, not to vote in the upcoming national elections, this does not mean that we have given up hope for change, quite the contrary.
Here at The Mint, for better or worse, we have opinions that cannot be confined to a dot on a pre printed scantron form. They require words and dialogue.
Enter the open letter. If one is to effect change in this world, it is important to correspond with those who are in the seats of power and therefore have the ability to effect positive change in this world. If we can change their mind, they can change the world.
When writing world leaders, it is important to both acknowledge their authority and use terminology which we understand to be important to them. We must recognize them as an ally for we share a common aim, the good of themselves and their people. Finally, as people who are derided daily for serving their populace, they need encouragement.
The following is a copy of our open letter to Evo Morales, the President of Bolivia. A proper Spanish translation will be forthcoming. Enjoy!
October 29, 2012
An open letter addressed to His Excellency Evo Morales Ayma, President of the Plurinational State of Bolivia,
Allow me to extend my warmest greetings to you, Mr. President, and to the honorable people of the great Andean Republic of Bolivia. May they live long and prosper in the blessed land that they inhabit which you capably govern as their humble servant.
I have watched, both from near and far, your passion to liberate and elevate the Peoples which inhabit the land known today as the Plurinational State of Bolivia. I have watched with admiration your courage and determination as you have risen to your current position and as you continue to labor daily for the liberation and dignity of those who have, for too long, been victims of unjust oppression.
I write you today for two reasons. First, to encourage you in your noble struggle. All great leaders, as you know all too well, face adversity, criticism, and opposition from those who are threatened by what they represent. These forces have only increased in intensity as you take steps to repair centuries of injustices. Know that though there may be some with loud voices who heap insults upon you for taking action while they sit idly by, there are many, though their voices be soft, who pray for your health, strength, and wisdom.
Our second motive for writing to you is to humbly offer you three principles which, to the extent they are followed, will allow the Peoples of the land known as Bolivia to excel economically. Bolivia is already a rich land. In the hands of the people, it will be made richer.
While the titles of these principles may appear in conflict with your first and sixth commandments, we ask that you carefully read the explanations and see that the operation of these three principles will allow for the accomplishment of your ten commandments which to save the earth from exploitation.
A word of caution, it is exceedingly important that these economic principles operate together, or they will not operate at all:
Liberty: Much has been written on the subject of Liberty. Truly, it is the precursor to dignity and the cornerstone of all civilized human societies. As it applies to economic policy, liberty means that Peoples will prosper to the extent that artificial restrictions on their ability to work, produce, and trade are removed. The correlation between Liberty and civilized society is so great, that the chorus of the Bolivian anthem rings especially true:
“Morir antes que esclavos vivir!” {For those reading this in English, it translates as: “We will die before living as slaves.”}
The concept of Liberty, to be productive in society, must not be limited merely to speech and movement, as it is today in most societies which pretend that their inhabitants are free, but rather extended to the ability for a person to engage in trade and other activities at will to the extent that engaging in the activity does not infringe upon the Liberty or property of another. This is the key to Liberty, as it keeps the earth in balance. Dangerous imbalances occur when the Liberties of one group are subordinated to those of another. Our third principle, Equality before the law, deals with this.
Perhaps most importantly today, Liberty must be extended into the banking and currency realm, leaving the decision of the most acceptable medium and methods of trade in the hands of the people.
Private Property: For all of the virtues that the principle of Liberty bestows upon a people, the principle is nothing more than an intangible idea unless its natural byproduct, the principle of Private Property, is respected equally by all members of society. The concept of Private Property is the basis for any and all productive activity which takes place on the earth, from sowing a field to building a wells to provide access to clean water.
Beyond the ownership of one’s person, which should go without saying, a person or group of persons must be able to lawfully possess property, which they may choose to work and share as they please, with the expectation that they will be able to both employ and enjoy the fruits of their labors.
In the same way, the principle of Private Property comes with the obligation to care for and maintain the property that one is entrusted with. The principle itself provides the incentive for the property to be maintained as persons will naturally care for something that they will either enjoy themselves or prepare for sale to another free individual.
In order to be both productive and well maintained, Private property must be held at the individual, family, or community level. If property is held by the government or another large entity, it will be exploited in the same way that property is today exploited by large corporations, who have no direct incentive to care for it after they have extracted the wealth from it.
Equality before the Law: The principles of Liberty and Private Property must be secured for all by the concurrent operation of the principle of Equality before the Law. For people to prosper economically, they must know not only which actions are permitted, but that the laws which are enforced are administered in the same manner to all members of society, regardless of perceived wealth or lack of wealth, race, sex, color, or origin. Only if there is a perceived equality before the law can persons plan and carry out their daily activities.
Equality before the law is the basis for a just society in which people may prosper in accordance with their efforts to help their fellow-man by serving their most intensely felt needs. As such, all laws in a society should focus on protecting both the life and rightful property of the individual or group, any law extending beyond these two realms necessarily serves to limit both the right to Liberty and Private Property which must be held sacred allowed to operate unhindered so that the greatest possible amount of material good can come to the greatest possible number of persons in a society.
We offer you these three principles, knowing that in your wisdom and benevolence, the Peoples who find themselves under your care will benefit greatly and become the envy of the nations of the earth, not for the natural wealth they care for and produce, but for the nobility of their convictions.
Your dedication and service to the people of Bolivia is an inspiration to all of humanity. Our desire is to see all of the Bolivian people, and the Peoples of the world, live in balance and freedom with God, nature, and each other.
Be encouraged and may God bless you and all Bolivia.
All the best,
David Mint
Stay tuned and Trust Jesus.
Stay Fresh!
David Mint
Email: davidminteconomics@gmail.com
Key Indicators for October 29, 2012
Copper Price per Lb: $3.49
Oil Price per Barrel: $95.54
Corn Price per Bushel: $7.37
10 Yr US Treasury Bond: 1.75%
FED Target Rate: 0.16% ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce: $1,710 PERMANENT UNCERTAINTY
MINT Perceived Target Rate*: 0.25%
Unemployment Rate: 7.8%
Inflation Rate (CPI): 0.6%
Dow Jones Industrial Average: 13,107
M1 Monetary Base: $2,334,000,000,000
M2 Monetary Base: $10,199,400,000,000
While we have taken the decision, along with a silent majority of Americans, not to vote in the upcoming national elections, this does not mean that we have given up hope for change, quite the contrary.
Here at The Mint, for better or worse, we have opinions that cannot be confined to a dot on a pre printed scantron form. They require words and dialogue.
Enter the open letter. If one is to effect change in this world, it is important to correspond with those who are in the seats of power and therefore have the ability to effect positive change in this world. If we can change their mind, they can change the world.
When writing world leaders, it is important to both acknowledge their authority and use terminology which we understand to be important to them. We must recognize them as an ally for we share a common aim, the good of themselves and their people. Finally, as people who are derided daily for serving their populace, they need encouragement.
The following is a copy of our open letter to Evo Morales, the President of Bolivia. A proper Spanish translation will be forthcoming. Enjoy!
October 29, 2012
An open letter addressed to His Excellency Evo Morales Ayma, President of the Plurinational State of Bolivia,
Allow me to extend my warmest greetings to you, Mr. President, and to the honorable people of the great Andean Republic of Bolivia. May they live long and prosper in the blessed land that they inhabit which you capably govern as their humble servant.
I have watched, both from near and far, your passion to liberate and elevate the Peoples which inhabit the land known today as the Plurinational State of Bolivia. I have watched with admiration your courage and determination as you have risen to your current position and as you continue to labor daily for the liberation and dignity of those who have, for too long, been victims of unjust oppression.
I write you today for two reasons. First, to encourage you in your noble struggle. All great leaders, as you know all too well, face adversity, criticism, and opposition from those who are threatened by what they represent. These forces have only increased in intensity as you take steps to repair centuries of injustices. Know that though there may be some with loud voices who heap insults upon you for taking action while they sit idly by, there are many, though their voices be soft, who pray for your health, strength, and wisdom.
Our second motive for writing to you is to humbly offer you three principles which, to the extent they are followed, will allow the Peoples of the land known as Bolivia to excel economically. Bolivia is already a rich land. In the hands of the people, it will be made richer.
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Evo Morales – President of Bolivia, photo taken December 17, 2007 in Brazil by Marcello Casal Jr. of Agencia Brasil http://www.agenciabrasil.gov.br/media/imagens/2007/12/17/1840MC44.jpg
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Together with you, we reject the Neo-Liberal principles which have wrought destruction on those Peoples who have blindly employed them. Our aim is to provide you with the tools with which not only Bolivia, but all of the inhabitants of the earth, can strive to observe the ten commandments to save the planet which you have generously contributed to the world.
While the titles of these principles may appear in conflict with your first and sixth commandments, we ask that you carefully read the explanations and see that the operation of these three principles will allow for the accomplishment of your ten commandments which to save the earth from exploitation.
A word of caution, it is exceedingly important that these economic principles operate together, or they will not operate at all:
Liberty: Much has been written on the subject of Liberty. Truly, it is the precursor to dignity and the cornerstone of all civilized human societies. As it applies to economic policy, liberty means that Peoples will prosper to the extent that artificial restrictions on their ability to work, produce, and trade are removed. The correlation between Liberty and civilized society is so great, that the chorus of the Bolivian anthem rings especially true:
“Morir antes que esclavos vivir!” {For those reading this in English, it translates as: “We will die before living as slaves.”}
The concept of Liberty, to be productive in society, must not be limited merely to speech and movement, as it is today in most societies which pretend that their inhabitants are free, but rather extended to the ability for a person to engage in trade and other activities at will to the extent that engaging in the activity does not infringe upon the Liberty or property of another. This is the key to Liberty, as it keeps the earth in balance. Dangerous imbalances occur when the Liberties of one group are subordinated to those of another. Our third principle, Equality before the law, deals with this.
Perhaps most importantly today, Liberty must be extended into the banking and currency realm, leaving the decision of the most acceptable medium and methods of trade in the hands of the people.
Private Property: For all of the virtues that the principle of Liberty bestows upon a people, the principle is nothing more than an intangible idea unless its natural byproduct, the principle of Private Property, is respected equally by all members of society. The concept of Private Property is the basis for any and all productive activity which takes place on the earth, from sowing a field to building a wells to provide access to clean water.
Beyond the ownership of one’s person, which should go without saying, a person or group of persons must be able to lawfully possess property, which they may choose to work and share as they please, with the expectation that they will be able to both employ and enjoy the fruits of their labors.
In the same way, the principle of Private Property comes with the obligation to care for and maintain the property that one is entrusted with. The principle itself provides the incentive for the property to be maintained as persons will naturally care for something that they will either enjoy themselves or prepare for sale to another free individual.
In order to be both productive and well maintained, Private property must be held at the individual, family, or community level. If property is held by the government or another large entity, it will be exploited in the same way that property is today exploited by large corporations, who have no direct incentive to care for it after they have extracted the wealth from it.
Equality before the Law: The principles of Liberty and Private Property must be secured for all by the concurrent operation of the principle of Equality before the Law. For people to prosper economically, they must know not only which actions are permitted, but that the laws which are enforced are administered in the same manner to all members of society, regardless of perceived wealth or lack of wealth, race, sex, color, or origin. Only if there is a perceived equality before the law can persons plan and carry out their daily activities.
Equality before the law is the basis for a just society in which people may prosper in accordance with their efforts to help their fellow-man by serving their most intensely felt needs. As such, all laws in a society should focus on protecting both the life and rightful property of the individual or group, any law extending beyond these two realms necessarily serves to limit both the right to Liberty and Private Property which must be held sacred allowed to operate unhindered so that the greatest possible amount of material good can come to the greatest possible number of persons in a society.
We offer you these three principles, knowing that in your wisdom and benevolence, the Peoples who find themselves under your care will benefit greatly and become the envy of the nations of the earth, not for the natural wealth they care for and produce, but for the nobility of their convictions.
Your dedication and service to the people of Bolivia is an inspiration to all of humanity. Our desire is to see all of the Bolivian people, and the Peoples of the world, live in balance and freedom with God, nature, and each other.
Be encouraged and may God bless you and all Bolivia.
All the best,
David Mint
Stay tuned and Trust Jesus.
Stay Fresh!
David Mint
Email: davidminteconomics@gmail.com
Key Indicators for October 29, 2012
Copper Price per Lb: $3.49
Oil Price per Barrel: $95.54
Corn Price per Bushel: $7.37
10 Yr US Treasury Bond: 1.75%
FED Target Rate: 0.16% ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce: $1,710 PERMANENT UNCERTAINTY
MINT Perceived Target Rate*: 0.25%
Unemployment Rate: 7.8%
Inflation Rate (CPI): 0.6%
Dow Jones Industrial Average: 13,107
M1 Monetary Base: $2,334,000,000,000
M2 Monetary Base: $10,199,400,000,000
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