12/12/2011 Portland, Oregon - Pop in your mints…
There
is something strangely satisfying about sitting around a large indoor
fire just feet away from the Christmas tree with family. In those
moments, one can partake of all that is right with the world. It
occurred to us that we all strive for these moments yet at times they
can seem elusive. Eternity is placed in our hearts, and time on earth
seems to be in short supply.
As such, we must use it wisely.
We
have been extolling the benefits of what we have been calling True
Capitalism. True Capitalism is what we here at The Mint humbly offer as
the solution to what currently ails the world. There is one byproduct
of True Capitalism, a radical respect of life and property, which is
often overlooked and is perhaps “central” to the advantage that it has
over every other conceivable construct of society:
True Capitalism works to decentralize power.
In other words, it naturally evens the playing field by removing unfair advantages realized by some at the expense of others.
But
isn't that what Government is supposed to do? Of course it is!
However, governments circa 2011 are in the middle of an unprecedented
power grab. This centralization of power, they say, is necessary in
order to homogenize life as we know it and to help everything run
smoothly.
Even if this were possible, there is a
fundamental problem created by the centralization of power which is
without resolution. In layman's terms, it makes for an easy target.
When
we see the word target, your mind may conjure up images of
vulnerability of a military attack. However, what we have in mind is
much more dangerous. An army of lobbyists.
Herein
lies the weakness of centralized power. However good its intentions,
it will constantly be under attack and subsequent influence of groups
who desire this centralized power for their own benefit. Repelling
these attacks is expensive. Succumbing to them, as is more often the
case, will bankrupt a nation.
Governing is not
cheap, and there are no economies of scale in it. Rather, the larger it
is, the less efficient it becomes. Does this sound familiar? This is
what we have now thanks to the Might Makes Right ideology by which we
are ruled.
Enter True Capitalism.
In
a Truly Capitalistic system, the cost of the nation state drops to
zero, for the nation state as we know it would cease to exist. Does
this mean that there will be not be a need for governance? No, on the
contrary, the roles which we now attribute to government will be carried
out by any number of organizations. Governance, in general, would
increase, yet it would cost less!
How is this
possible? Voluntary governmental bodies are generally more responsive
and efficient, in large part because the cost of governance falls
directly to those individuals who desire to pay for it.
Governance
has value, and its value can and is be properly set on an open market.
The phenomenon of corporations and persons choosing to reside in low
tax venues represents a conscious choice of where and by whom one
prefers to be governed by those individuals.
In
the west, the value of the brand of government provided in the US and
Europe is dropping along with its bond prices. The fact that nations
issue bonds is proof of two things: That their service oriented
businesses are failing and that they will be increasingly reliant upon
their ability to forcefully relieve their citizens of their assets
(commonly known as taxation) to continue operations.
In other words, they will rely on their Might, the use of force, to justify their “right” to govern.
This
untenable “Might Makes Right” system that can only operate as long as
people believe that the aggressor has absolute power over them. This is
why countries have flags and dictatorships have the image of the
dictator plastered everywhere. This is why people are being forced into
the current banking system, taught to rely upon it, and subsequently
shut out of it.
This is a reason why Modern
Central Banking and the Corporations that have sprung up around the
Central Banks are man’s greatest disaster.
Once
the currency and banking systems of Europe and America are completely
broken down, people’s blind faith in the currency and its issuer will be
destroyed. The currency regime will then quickly disintegrate
The
Federal Reserve will likely allude to QE3 to the tune of $1 trillion
dollars today in a desperate attempt to keep the currency regime afloat.
The clock is ticking on these failed monetary experiments.
Do you know where your money is?
Stay tuned and Trust Jesus.
Stay Fresh!
Email: davidminteconomics@gmail.com
P.S. For more ideas and commentary please check out The Mint at www.davidmint.com
Key Indicators for December 12, 2011
Corn Price per Bushel: $5.85
10 Yr US Treasury Bond: 2.01%
FED Target Rate: 0.07% ON AUTOPILOT, THE FED IS DEAD!
10 Yr US Treasury Bond: 2.01%
FED Target Rate: 0.07% ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce: $1,665 PERMANENT UNCERTAINTY
MINT Perceived Target Rate*: 2.00%
Unemployment Rate: 8.6%
Inflation Rate (CPI): -0.1%
Dow Jones Industrial Average: 12,021
M1 Monetary Base: $2,255,500,000,000 RED ALERT!!! THE ANIMALS ARE LEAVING THE ZOO!!!Unemployment Rate: 8.6%
Inflation Rate (CPI): -0.1%
Dow Jones Industrial Average: 12,021
M2 Monetary Base: $9,623,700,000,000 YIKES UP $1 Trillion in one year!!!!!!!
