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June 21, 2017 | Definitions: Virtual, Digital, Cyber, Electronic, Cashless, Imaginary!

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:

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My sense is that most investors and pundits do not realize that we live with ‘imaginary markets today. What today’s thinkers need to do is read the definitions of key words which reveal the nature of today’s virtual/electronic markets. I still run into many business people who think that our money is a paper note and that paper notes are what our Fed creates for our markets. Why this disconnect with reality? Why do so many pundits and experts still seem confused about the ‘nature’ of today’s markets (stock, bond, trading markets, currency markets, and investment markets).  I think I know. They have not done their homework on the ‘definitions’ which reveal what our markets are all about. Let’s focus on some key definitions for a new understanding:

Virtual:  not physically existing as such but made by software to appear to do so, virtual currencies are essentially imaginary currencies, synonyms: simulated, artificial, imitation, make-believe

Digital:  using data in the form of numerical digits; involving or using numerical digits expressed in a scale of notation, usually in the binary system, to represent discretely all variables occurring in a problem

Cyber/cyberspace:  the space in which computer transactions occur, particularly transactions between different computers. We say that images and text within the computer screen exist in cyberspace, this space does not physically exist but is made to appear to exist, it’s simulated space, artificial space, make-believe space

Electronic $:  money which exists only in banking computer systems and is not held in any physical form. In the United States, only a small fraction of the currency in circulation exists in physical form (some estimate 4%)

Cashless:  functioning, operated, or performed without using coins or banknotes for money transactions but instead using credit cards or electronic transfer of funds. payments are made using cards or electronic methods rather than physical money

Imaginary $:  existing only in the imagination, formed or characterized imaginatively or arbitrary, synonyms:unreal, nonexistent, fictional, fictitious, pretend, make-believe, mythical, mythological

All the above definitions are related and can be interchanged to some degree. Our global cyber money system is now mostly a virtual system. Virtual means a simulated system which is make-believe. Paper currencies, paper stocks, and paper bonds have been eliminated as have paper derivative contracts and savings certificates. Most monetary transactions are now done via the computer…and our electromagnetic frequency spectrum distributes our money units from sender to receiver. Mere units of light (photons) create the text and images which we believe are real (even though these text and images are imaginary). Change is revealed via numbers and math quantities which derive from one’s consciousness…not from our material space/time universe.

Algorithms have developed which trade our markets at the speed of light. We witness all our ‘index’ charts, exchanges, and network information in real-time as we digest information, make our trades, and accumulate our make-believe money for our various cyber accounts (all in real-time). The entire facade of finance is now a mental exercise as mental abstractions make up all our money units, our tic charts, and our various savings accounts. All is stored in cyberspace today, a space which does not physically exist, within our space/time universe. What does all this change mean for our financial system going forward?

What it means is that Capitalism is essentially over and we now live with a centrally planned economy for the entire planet. Our Central banks and our central monetary institutions rule over all global finance. All our debt is now stored in our imagination (cyberspace). Trillions of $ and trillions of units of foreign currencies are all stored in cyberspace and could vanish with the click of a computer key. Cyberspace is really our extended consciousness (an inner space). Yes, Capitalism as we have known it is over and done. Virtual reality has replaced material reality. Metaphysical money has replaced physical money. Give the above definitions some serious reflection as each definition is crucial to understanding today’s markets.

Those who are serious thinkers will discern that we now live with a new global monetary system which is inner. This makes our inner self very important to understand for today’s markets. The mind/body problem is an issue of philosophy which I have studied recently as it relates to  today’s monetary system. Mind now precedes body and this is a core change which we all need to comprehend. We all need to get in touch with our inner self if we desire to understand today’s markets. The word ‘virtual’ is key to today’s cyber markets. Virtual derives from our ‘inner’ self. Give this word your attention and then relate this word to all the other similar words which make up today’s financial system. Enjoy! I am:

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June 21st, 2017

Posted In: Kingdom Economics

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