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February 26, 2017 | Inner/Outer, Mind/Matter, Imagination/Things!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian:

Image result for events or results

Back in the late 70’s I learned about the psychology of effective communication during a valuation seminar in Chicago, Illinois. The speaker/psychologist stressed that ‘words’ can refer to both ‘things’ and ‘results’. Things are what we all observe within nature. Results emerge from our life experiences. Words like happiness, success, joy, sadness, progress, etc. are really ‘results’ not ‘things’ which exist. Apples on a tree or in one’s hand exist. Oranges on a tree or in one’s hand exist. Words, however, do not exist but serve as ‘pointers’ to either ‘things/objects’ or ‘results/events’.

This mindset of categorizing words into two different realms was extremely helpful when communicating with another person. Results are words which describe happenings or real-time experiences of people. Things are ‘objects’ within nature that I observe and then identify. A tree is a ‘thing’ but ‘falling’ is a ‘result’. A planet in the sky is a ‘thing’ but the action of gravity is a ‘result’. My tennis ball is a ‘thing’ but my ‘serving’ is a ‘result’. A food item is a ‘thing’ but a ‘satisfied’ stomach is a ‘result’. Other experiences which should be viewed as ‘results’ are: happiness, success, political power, sitting, jumping, running, throwing, serving, motion, flow of money, cyberspace, etc.

The word ‘dollar’, for example, starts out as a ‘inner/mental’ concept of our mind (a non-thing). It then can be given a reference within observable reality when an ‘object’ or ‘thing’ is selected for it to refer to. Our founding father, Thomas Jefferson, seemed to understand this psychology of ‘things’ and ‘results’…as I read the history of our money system.  In 1785 he (and others) chose this ‘word’ dollar for our American currency unit. After this word ‘dollar’ was chosen, however, he recognized that it needed to ‘refer’ to some ‘thing’ or ‘object’ from nature to have credibility in the marketplace. What meaning does a ‘dollar’ have without any referral to an ‘object’ from nature?

So what might this word ‘dollar’ refer to in the marketplace of objects/goods (this was the question of our founding fathers)? Jefferson discovered that people within a marketplace (who were trading goods/products) viewed various commodities as having some ‘value’ or ‘store of value’ when direct exchange was impractical (when a double coincidence of wants was lacking). Tobacco, for example, had some ‘store of value’ significance. Cotton had some ‘store of value’ significance. Silver (coins/bars) had some ‘store of value’ significance. So what did Jefferson (and others) conclude from this evaluation within our colonial marketplaces?

Jefferson concluded that a word like ‘dollar’ could have meaning as a ‘store of value’ IF the word referred to some ‘thing’ (silver was later viewed as the best ‘thing’ which represented a ‘store of value’). People in the marketplace seemed to agree with Jefferson. This led to the word ‘dollar’ being officially defined in terms of this ‘thing’ called silver. The existing piece-of-eight coin called the Spanish peso dollar was assayed to reveal that it had 371.25 grains of silver within the coin. This led Jefferson to the conclusion that 371.25 grains of pure silver is a logical definition for our American currency unit…’the dollar’. This led to $1.00 = 371.25 grains of Ag.

The word ‘dollar’ took on special meaning in the marketplace as people recognized that a specially minted coin (containing 371.25 grains of Ag) could be ‘stored’ and later exchanged for another item of production in lieu of a direct barter exchange of product for product. Money was invented for Americans and a currency unit was also invented to serve as our ‘tool’ for valuation of products within a marketplace. Money was silver and our currency unit was the dollar (specifically defined). Capitalism could now start to grow our economy as we had sound money and a sound currency unit.

Evidently, our Congress agreed (with the above logic) because they passed the Coinage Act of 1792 which gave this word ‘dollar’ and the above specific definition (official meaning). Today, all ‘tie’ of our ‘dollar’ to some ‘thing’ from nature has been severed. This happened in 1934 and after. Today (2017), our ‘dollar’ is a mere ‘word’ (mental abstraction) within our inner self (mind/consciousness) with no reference to any object/thing from nature. With the digitization of our ‘dollar’ (1980’s) we now live with a mere cyber unit ($1.00) which gets created from select minds (called banksters). Imaginary money has emerged for our marketplace and for our valuations of goods.

What does all this imply and mean for us today…going forward? I would suggest that we need to THINK like a Dualist when it comes to our economic psychology. A Dualist recognizes that we all live within TWO realms of reality (inner/outer, mind/matter, imagination/thing). Our ‘dollar’ is now a result derived from the thinking of select banksters and their computers. It is not a ‘thing’ which exists within space/time. This unit is invisible/inner/imaginary. It now lives within this space called cyberspace. Follow this timeline to understand the logic:

  1. 1784 and prior: the American ‘dollar’ a mere ‘word’ with no special meaning.
  2. 1785 until 1934: the American ‘dollar’ referred to a ‘thing’ (called silver…then gold).
  3. 1934 to 1971: the American ‘dollar’ referred to a paper note (called the FRN).
  4. 1972 to 2017: the American ‘dollar’ refers to a ‘number’ ($1.00).

What is the message of this missive? The message is that the word ‘dollar’ has acquired various meanings over our history. It started out as an ‘inner’ word of the mind (imaginary). It then became defined and given a reference (it became a ‘thing’). It was defined as 371.25 grains of silver. In 1934 and after it became a paper note issued by our Central bank. This note was called the Federal Reserve Note. In 1971 the ‘tie’ of this note to a ‘thing’ (gold at that time) was severed. The ‘dollar’ became a ‘number’ (mental abstraction). Today, this mental abstraction ($1.00) is called a cyber dollar as it lives within cyberspace and gets circulated by our electronic computers.

Americans have come full circle since our founding in 1776. Capitalism started with real money and a sound currency unit. Capitalism created most of our past wealth and prosperity. Today, Capitalism has become Welfare Socialism and our money has become a unit within cyberspace (nothing). Global Socialism is now prevalent and Americans must either adopt this model (philosophy) or crash our current Socialistic system so as to choose another (better) alternative. The end of Capitalism is here and the new question is: What do Americans desire for our future? I am:

Some images to consider:

Image result for coincidence of wants definition

Image result for various goods used as a store of value

Image result for goods, economics

Image result for FDR calls in gold


Image result for bernanke , i am not printing money

Image result for capitalism is over, socialism here

Image result for the philosophy of dualism, socrates/plato

Our system of Capitalism is now OVER. We live in a global economic society under the control and auspices of select Central bankers. Cyber money has emerged to replace items from nature. Time to think about Dualism as a psychological reality! Our ‘dollar’ is now a non-thing (a result). Valuation is measurement of imagination in $$$$!

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February 26th, 2017

Posted In: Kingdom Economics

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