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June 2, 2017 | What is Money? my Challenge to Pundits, Part II

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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Paper notes, silver/gold coins, virtual/digital symbols, and wampum (above) all have and still do serve as money for some markets! Today, however, our markets are mostly virtual/digital/cyber and a cashless world is emerging! Be prepared for major change going forward!

Let’s think further about this concept called ‘money’. In my prior missive, I argued that money does not really exist at the macro level. There is no such ‘thing’ as money within our greater material space/time universe. Look anywhere/everywhere for this ‘thing’ called money. I don’t think you will find it. This ‘word’ called money is just that…a ‘word’. The ‘word’ gets invented (for a reason) and then gets applied to some ‘thing’ or ‘non-thing’ which serves as our proxy for another concept…called ‘value’. Money emerges from our thinking to serve as our proxy for ‘value’ (in exchange). What is ‘value’? It’s a concept of our inner consciousness!

Throughout history, money has always been some ‘thing’ which we would call physical. We have invented cowry shells for money. Tobacco for money. Wampum (beads) for money. Paper notes for money. Silver coins for money. And virtual numbers for money. Whatever we invent and whatever gets an agreement from the traders in our markets can serve (temporarily) as money. America invented our currency in 1785 (called the dollar) and then we defined this invisible concept (name) in terms of silver. We defined our dollar as 371.25 grains of pure silver (Ag). This invention was approved by our Congress in 1792 and our mint (in Philadelphia) minted our first coins. Americans had money derived from a political decision!

Article 1, Section 8, of our Constitution then specified that our Congress “shall coin our money and regulate the ‘value’ thereof”. Regulating ‘value’ has always been done by defining our invisible concept called our ‘dollar’ in terms of some ‘thing’. Over the years since 1792, our invisible dollar (the concept) has had many different definitions. The final definition was in 1933 where our dollar was defined as 23.2 grains of gold (Au). In 1934, Americans were forced to accept an invisible dollar (engraved on a paper note as our money). This dollar was given the name Federal Reserve Note. Americans have had this invisible dollar (viewed on paper) ever since FDR removed the tie to gold for Americans but retained a definition for our dollar for foreigners until 1971 (when Nixon closed out this option for foreigners).

Today, our invisible dollar ($1.00) is engraved on paper for some 5% of all currency in circulation. We call this paper money and also ‘cash’. But our major spending is now done with another invisible dollar which is virtual/digital. This dollar represents some 95% of all money transactions for Americans. The plan today is to eliminate the paper dollar completely (called physical cash) and move all Americans into this virtual/digital dollar (also called a cyber dollar). All this leads me to ask: what is a virtual/digital/cyber dollar in reality? Is a virtual dollar the same as the paper dollar? Is the virtual dollar the same as our historical silver/gold dollar? I think you will realize that it is not!

What we now need to recognize is that our money (really a ‘virtual’ currency unit living within cyberspace) is now both invisible and imaginary to our physical sight. This virtual unit gets created via the computer via a thought process (within our banking community). Virtual dollars get typed into the computer screen and enter this Netherworld called cyberspace (also called the computer screen). Cyberspace is a metaphysical space which can not be seen with our physical eyes. We can ‘visualize’ images, text, numbers within cyberspace (our computer screens) but we actually can not SEE (with our physical eyes this space). Cyberspace is immune (not available) to our five physical senses (sight, hearing, feeling, tasting, and smelling).

Cyberspace is really an extension of my/your consciousness (our inner human spirit/mind). This means that we can ‘visualize’ virtual images within this space but we can not actually experience this space with any of our five senses. What a change all this is from our historical money. Virtual/cyber money is really invisible and non-physical money. The virtual units vanish and disappear when our cyber markets crash, decline, collapse, or when a market correction occurs. Money (these virtual units) vanish and disappear as we ‘visualize’ our computer screens in front of our noses. What a change from yesteryear. What does this tell us? What does this mean?

What we now need to understand is the ‘nature’ of cyber money and of cyberspace (this virtual world of images within our computer screens). What we need to comprehend is that ‘virtual’ currencies are really ‘visualized’ currencies which are imaginary in nature. They vanish and disappear when our business cycle turns down and when markets correct. Our authorities have installed circuit breakers to prevent a complete melt down of all the markets. Circuit breakers stop trading when trader confidence turns negative and selling is excessive and ubiquitous. A bank holiday would likely follow a major market correction today.

Virtual money is what we need to comprehend today. Virtual money lives within cyberspace and does not technically EXIST (as matter/energy). Matter/energy is what we think of as physical and material. Objects like silver and gold coins are made of MATTER/energy. But virtual money units are made of spirit and/or consciousness. These units should be viewed as IMAGINARY or units of our inner CONSCIOUSNESS. These units will VANISH and DISAPPEAR when power is turned off, when circuit breakers shut down a market, when an EMP shuts down the electrical grid, when electromagnetic frequencies are turned off, or when our authorities declare a BANK HOLIDAY.

We live in a fragile monetary world where our Central Banks monitor, control, manipulate, trade, and distort all our markets (now living in cyberspace). Legally, our legal tender (now a virtual dollar) should be declared ILLEGAL. This unit has not been adjudicated by our courts and our Congress is allowing our corrupt Federal Reserve institution to do as they will with our money system. Central Banks now RULE this planet and rule over all money systems and all of our cyber markets. Wake-up to a NEW world of virtual/cyber money and virtual/cyber markets. Buy some silver and gold for part of your portfolio to give you some insurance as the business cycle changes going forward. Enjoy! I am:

Some additional images for your consideration:

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Historically money could be represented as above. Today, however, this image is invalid!

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Physical notes now represent only some 5% of all money in circulation. And the % is going down as our cashless society emerges!

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America’s first coined money (dollar) emerged from this mint in Philadelphia, Pennsylvania in 1792. It was a silver coin!

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Americans were forced to turn in their gold (1933) and accept a new invisible dollar (printed on paper with no convertibility)!

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Foreigners were forced to accept America’s invisible dollar (printed on paper) in lieu of physical gold!

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The breakdown of the Bretton Woods Monetary System (1971-72) created the invisible fiat dollar system (mere index numbers…also called the floating currency system)! Math and cardinal numbers became our money!

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The new digital/virtual dollar system started in the 1980’s, expanded in the 1990’s, and is ubiquitous today!

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The following comes from an article entitled “Inside the Secret Meeting Where Wall Street Tested Digital Cash’ (Bloomberg News)

On a recent Monday in April, more than 100 executives from some of the world’s largest financial institutions gathered for a private meeting at the Times Square office of Nasdaq Inc. They weren’t there to just talk about blockchain, the new technology some predict will transform finance, but to build and experiment with the software.

By the end of the day, they had seen something revolutionary: U.S. dollars transformed into pure digital assets, able to be used to execute and settle a trade instantly. That’s the promise of a blockchain, where the cumbersome and error-prone system that takes days to move money across town or around the world is replaced with almost instant certainty.

Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity, Fiserv and Pfizer in the room, and Blockchain also claims to be partnering with Capital One, State Street, and First Data on this new technology. Our authorities desire virtual money for everyone on planet Earth! I call this the beginning of the ‘Mark of the Beast’ monetary system. Beware!

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Sweden is currently 95+% cashless and they could be the model of which our Central Banks use to create a cashless planet!

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A cashless world is a virtual world which is a world where people become enslaved to numbers and a centralized Global Computer Brain (controlled by select elites)!

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A global computer brain controlled by select elites (operating behind closed doors) will likely emerge in the near future! Prophecy predicts this result or similar!

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Cyber money leads to this central planning outcome! Agenda 2030 is here now!


Speculations by pundits on who might emerge as the BEAST and/or the Antichrist! This person would likely be in control of the Global Computer Brain and our Cashless monetary system for planet earth!

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Since money is now a unit of consciousness (spirit), I expect that the Mark of the Beast monetary system will emerge  in the very near future. The signs are everywhere to those who can discern reality in the now! Virtual reality and virtual money (a spiritual reality) leads to this soon coming institution and person! Those with wisdom and understanding recognize this reality! Most will reject this reality until it is here in the now!

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June 2nd, 2017

Posted In: Kingdom Economics

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