Why What We Use as Money Matters

11/3/2013 Portland, Oregon – Pop in your mints…

Could it be that it is not how, but what we use as money that matters when contemplating the root causes of Climate Change and other global problems? This is the question that is at the root of our Economic and Philosophical Treatise which bears the cryptic name:

Why What We Use as Money Matters: Unpacking the Key to Reversing the Effects of Climate Change is an Economic and Philosophical Treatise

Why What We Use as Money Matters now in print!

Our Monetary Magnum Opus is now available in print at the following embedded links onAmazon.com and Createspace.com.

While there seems to be an endless debate as to what humankind should do in order to reduce our impact on the environment, ironically most of this and indeed countless other political debates result in more action being taken, either to cease and desist an activity or mobilize to clean up and reduce future environmental impacts of certain actions.

However, every action brings about some sort of reaction, often in the form of an “unintended consequence” which serves to negate any good that the carrying out of the well intended initial mandate had managed to accomplish.

Despite Al Gore’s call to action, realistic and manageable solutions to Climate Change remain elusive. As such, where Gore and other Climate crusaders have failed, we have been compelled to step in. You see, there is really a quite simple, certain, and palatable solution to Climate Change that could be implemented today.

The solution lies not in well-known solutions such as recycling, Cap and Trade schemes, development restrictions, technological advances, or taxes and other social engineering methods. In fact, it has absolutely nothing to do with what people do or what they or their governments spend their money on.

It lies in What we use as money circa 2013.

What the world uses as money is not really money, but a highly liquid debt instrument. While the difference is imperceptible to most, the accumulation of mistaken incentives and resulting actions on behalf of humankind which are inherent in the insane debt as currency model are beginning to manifest themselves in nature, and nature itself is beginning to bring itself into balance unilaterally.

Where humankind and the land once lived in a peaceful, mutually beneficial balance with one another, the relationship has become antagonistic and will remain so until the defects in the money supply are remedied.

How, then, can these defects be remedied? Ah, fellow taxpayer, it is for this reason that the above mentioned book contains 400 pages, for while the answer is simple, it will require that humankind let go of some deeply ingrained ideas which a vast majority of us do not even know we hold fast to.

Start letting go by ordering your copy today!

Print editions are currently available at Amazon.com and Createspace.com and Electronic editions are available on Amazon’s Kindle, Barnes & Noble, Google’s Play Store, and a variety of formats via Smashwords.

Thank you for joining us in this quest.

Stay tuned and Trust Jesus!

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Why What We Use as Money Matters, Our Economic and Philosophical Treatise, is Now Available

Our long awaited Treatise on Economy and Philosophy, Why What We Use as Money Matters, is now available in various digital formats at Smashwords.com and on Kindle at Amazon.com.  With any luck, we will have a print version available before we leave for the Southern Hemisphere.

What kind of book is this?  It is largely up to the reader to decide.  For us, it is the fruit of two years of wrestling with some of life's deeper questions with regards to Economics, Politics, and Philosophy.  It has answered many of them and, in turn, has raised other issues, for in our exploration, as you will see, the current state of affairs is laid bare for all to examine, and our recommended courses of action may be unpalatable for many.

Nevertheless, there it is, altogether thick and challenging, yet refreshingly simple, the key to reversing the effects of climate change.

In a sense, it culminates the first phase of what we set out to do here at The Mint.  There will be more to come, but for the time being, we leave you to ponder the following brief excerpt:

"The natural world strives daily to achieve a perfect state of balance. Events and occurrences that, taken by themselves, appear chaotic and devoid of meaning are together part of a constant rebalancing of the earth's delicate state. Each event is a splash of color across an oppressive gray sky that hints at a rainbow that will soon appear. "

Anarchy is an Ultimate Given - A New Ebook on Kindle

The following is the introduction to our latest ebook, which is now available on Kindle.  It is the latest volume in the Why what we use as Money Matters series.  Enjoy!

Anarchy is an Ultimate Given

An∙ar∙chy – noun – ‘anərkē

The definition of anarchy, according to the Merriam-webster Dictionary:

1.a:  absence of government

  b:  a state of lawlessness or political disorder due to the absence of governmental authority

  c:  a utopian society of individuals who enjoy complete freedom without government

2.a:  absence or denial of any authority or established order

  b:  absence of order

Disarming the State is as simple as changing and then using one’s mind

Anarchy.  The word strikes fear in the hearts general public, who have been trained to conjure images from fraternity house shenanigans to rioting and looting on the streets of important cities at its mention.  For most civilized persons, with these mental images close at hand, anarchy is something to be avoided at all costs.  How can civilized society carry on with the threat of bombs and looting effectively slamming the brakes on human progress?

In this volume, we seek to free the concept of anarchy from these negative connotations.  For anarchy, far from being the greater evil in the choice amongst evils when it comes to man’s state in this world, is really not a choice at all.  Rather, anarchy is something that every human being and animal on the planet is born into.  It is the basic state of man in this world.  It is an ultimate given.

As an ultimate given, it is futile, nay, self-destructive for men and women to live their lives fretting about falling from a state of order into one of anarchy.  The line of thinking is debilitating and counterproductive to what must be mankind’s highest and most urgent calling in the physical realm:  How best to respond to the state of anarchy in which they live.

For it is not anarchy itself that causes disorder and the other maladies which the mere mention of the word bring to mind, but mankind’s failed responses to this ultimate given under which they labor and cause others to labor on their behalf.  The only thing more dangerous than confusing anarchy for the disorder which arises from the collapse of a failed response to it, is to spend ones life’s toils aiding another person’s failed response to his or her inherently anarchic surroundings.

Further, this volume seeks to give the reader a sufficient level of awareness to step back, if even for a moment, to evaluate the response to anarchy under which they are currently laboring and make a sober evaluation as to whether they are truly laboring in alignment with their own best interests.

Too many lives have been wasted laboring under a mistaken fear and avoidance of anarchy, and we hope this volume will steer the reader away from this fate.  It may not change the way you think or what you do at all, and that is good.  For to personally validate ones own course in life with a firmer grasp of the facts has caused harm to no one.  In fact, it should cause one to carry on with a renewed sense of pride and purpose.  We only encourage you, then, to offer others the chance to give their own lives a sober evaluation, and respect their decision to change once they truly understand the wonderful anarchy into which we are all born.

The book is now available on Kindle and will be available on Smashwords in early May.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

The Repo man goes Basel on funding markets

1/25/2013 Portland, Oregon – Pop in your mints…

We have been remiss in our regular correspondence to you, fellow taxpayer, and we pray you will forgive us.  We have completed and published the first two volumes in our series, called “Why what we use as Money Matters.”  It is our humble attempt to explain, well, why what we use as money matters.  The volumes are currently available on Amazon’s Kindle as wells as in various eBook formats on Smashwords and can be accessed at the following links:

What is Money? – Volume I – Free until February 7, 2013 at Smashwords

Of Money and Metals -Volume 2 – Free until January 31, 2013 at Smashwords

Our objective in writing the series is to convince humanity of two truths:

1.  That if the activities of the earth are to be in balance with the available resources, money must be something natural, in other words, not debt or a sort of promise or idea.

2.  That Anarchy is an ultimate given, and that Capitalism is the best response to this given.

The governments of the world, as we have known them, are disintegrating, but this will be addressed in our upcoming volumes in the series.

We would be honored if you would give them a read and keep watch for the upcoming volumes, for these ideas are exceedingly important.

Back to finance

While the Fiscal cliff and subsequent fallout have taken a toll on the average working American to the count of 2% right where it counts, there is a something altogether wonderful and dreadful knocking at the door:

Inflation

The wave of inflation that has been on the horizon ever since Federal Reserve monetary policy gave us new acronyms such as ZIRP and QE, appears to be breaking and will soon wash ashore.  Now that it is breaking, the only thing that stands between it and the average working American is some flavor of collective default by the nation’s banks.  Thanks to the programs which are represented by the above mentioned acronyms, this is highly unlikely.

At this point, then, the only entities whose default could cause such a chain reaction are the Federal Reserve, US Treasury, or possibly the ECB.  However, here at The Mint we believe that the tidal waves of cash that have been unleashed may even make the default of one of these institutions manageable.

The Federal Reserve has succeeded in the sense that they have flooded the system with so much cash and have repeatedly stated in no uncertain terms that they will backstop the Treasury and MBS market until the US Dollar’s last dying breath.  While for a time, maturing debt obligations were mopping up the liquidity that the FED was pumping in, most consumers have now moved to extend maturities via refinancing or, on the conservative end, have closed out both cash and debt positions by paying off mortgages with savings which had been “ZIRPed” into dormance as an income producing asset.  This collective action has put the economy in a sort of warped reset where the fiat currency debt monster can run amok for the foreseeable future, with the attendant fatal real world consequences.


Oddly enough, as the FED begins to claim victory over the financial crises which its own policies have made possible, the double whammy of the Basel accords and Dodd-Frank regulatory regimens may eventually eliminate many of the financial institutions which today are household names.

The Repo man cometh

In what is perhaps an unintended consequence, the afore mentioned regulations have given what is known as a REPO contract its walking papers.  In our oversimplified understanding of the matter, for simplicity is a virtue here at The Mint, the REPO arrangement, which is a glorified demand deposit, has allowed banks to hold their client’s funds on their balance sheet as Tier I capital.

In 2017, these arrangements will be forced to be properly classified as demand deposits, and many of the wiser financial institutions, who already have a long way to go to reach the Basel Tier I requirements, are already steering their clients away from these arrangements.

How much capital will this pull out of the banking system?  Nobody knows.  But what is for sure is that unwinding these REPO positions will leave some institutions exposed and unprepared.  They will probably become aware of their exposure via the classic individual financial panic mechanism:
The margin call.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for January 25 2013

Copper Price per Lb: $3.64
Oil Price per Barrel:  $95.88
Corn Price per Bushel:  $7.21
10 Yr US Treasury Bond:  1.95%
FED Target Rate:  0.15%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,659 THE GOLD RUSH IS ON!
MINT Perceived

Of Money and Metals: The Operation of a Free Money Supply Explained

We’ve been at it again!  Be the first to download our newest e-book,  now available on Smashwords and Amazon’s Kindle:

Of Money and Metals: The Operation of a Free Money Supply Explained

Of Money and Metals: The Operation of a Free Money Supply Explained is Volume II in the “Why what we use as Money Matters” series. Of Money and Metals presents the fallacies of the current day practice of circulating debt in the place of money and explains the urgent need for and the operation of a free money supply. This volume also explores the phenomenon of Bitcoins and digital currencies.

It is available to our dear readers for free until January 31, 2013 at smashwords.com, just enter coupon code: MA65L

Thank you for your support!

What is Money? A quest to answer the question of the ages

Be the first to download our latest e-book, free until February 7, 2013:

What is Money?  A quest to answer the question of the ages

It is the first in our ‘Why what we use as Money Matters” series and is available now at smashwords.com, coupon code: PG74U

Available for Kindle at Amazon as well.

Thank you for your support!