For those among our
readership who do not follow Spanish Politics, Catalunya, the region of Spain
most easily recognized by its leading city, Barcelona, held a vote on two
matters of the utmost importance to the Catalans. The questions were posed in the following
manner:
1) Do you want
Catalunya to be a State?
2) Do you want that
State be Independent?
The vote today in
Catalunya, of which 80.72% voted "yea" on both questions, was not
sanctioned or recognized by the Spanish government in Madrid, other than to say
it was nothing more than propaganda.
According to The
Guardian, roughly 2 million of the 5.4 million persons who were eligible to vote cast a ballot today, a roughly 37%
turnout, which means that today, roughly 32.3% of those living in Catalunya
took the time to submit a symbolic ballot in favor of their Independence from
Spain. For a quick comparison of this
figure, 68.9% of eligible voters cast a ballot in Spain's last General Election
in November of 2011.
While voter turnout
today in Catalunya may not seem impressive on the surface, it takes on more
meaning when one considers that, as it was unsanctioned by the Spanish
Government, over 40,000 volunteers took it upon themselves to receive and count
the ballots.
The Catalans have
employed what we call Classic, or Grass-roots, Democracy in an effort to allow
their citizens to determine in a civilized manner the most basic of questions
with regards to self governance: Shall we,
as a region, be Independent?
Admittedly, Catalunya
is in a unique position to do so. Most
regions, for which Independence is more a romantic idea than a practical one
(the most recent example being Scotland's
referendum to break ties with the UK), have much to lose and little to gain by declaring
Independence. Catalunya, on the other
hand, is essentially self-sufficient and for them, remaining part of Spain has
little upside.
For a time, the
argument could be made that Spain provided Catalunya access to markets that it
otherwise could not have sold into.
Today, this is a non-issue, as the EU trade agreements would continue to
cover an Independent Catalan State.
The Spanish Government
has a big problem. While Spanish
officials are swiftly and publicly denouncing the Catalans for holding what, in
their mind, had already been declared an "illegal" vote, the Catalans
have cleverly and very publicly made a mockery of what passes today as
"Democracy" in the Sovereign States of the world who embrace this
model of governance.
For what is Democracy
if not the people's right to self determination? Yet modern democracy for most boils down to
questions of which hand picked candidate will occupy an embedded power
structures, and whether or not to increase the existing tax and regulatory
burdens imposed by this power structure.
With today's actions,
the Catalans struck at the heart of the existing system. Our guess is that one day, they and many
other regions in similar situations will enjoy sovereign status as peers to
their former oppressors in the EU.
Throwing off the EU's
chains, however, would be a matter settled by arms, as the French, American,
and every other successful revolution against the clutches of Empire have shown. It is not the nature of Empire to negotiate
or put to vote matters of self-determination.
Oregon Taxes Weed
In our local
elections, our fellow Oregonians chose to decriminalize marijuana. Joining them
were the people of Washington, DC, making a total of four jurisdictions in the
US that have changed the innocuous plant from a huge drain on tax revenue to a
potential source of revenue with the stroke of a pen.
Weed: It got your parents kicked out of school, now
it can pay for yours.
Which way did The Mint
vote on the issue? We didn't. You can read our reasons for abstaining from
voting on State and Federal Matters in the links below:
Ballot Burning, Our Breaking Point, and Why the Next Gold
Rush Just Began (notice the reference to Catalunya's Independence preparations)
As the Catalans have
seen in the case of the Spanish, government, once it exceeds a certain size,
ceases to serve the people who created it and becomes at best parasitic and at
worst, antagonistic and violent as it increasingly resorts to the use of force in
an effort to advance a failed system.
Can Catalunya
peacefully remove the yoke?
Stay Fresh!
David Mint
Key Indicators
for November 9, 2014
Corn Price per Bushel: $3.67
10 Yr US Treasury Bond: 2.31%
Bitcoin price in US: $361.80
FED Target Rate: 0.09%
Gold Price Per Ounce: $1,179
10 Yr US Treasury Bond: 2.31%
Bitcoin price in US: $361.80
FED Target Rate: 0.09%
Gold Price Per Ounce: $1,179
MINT Perceived Target
Rate*: 0.25%
Unemployment Rate: 5.8%
Inflation Rate (CPI): 0.1%
Dow Jones Industrial Average: 17,574
M1 Monetary Base: $2,939,700,000,000
Unemployment Rate: 5.8%
Inflation Rate (CPI): 0.1%
Dow Jones Industrial Average: 17,574
M1 Monetary Base: $2,939,700,000,000
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