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October 10, 2017 | Crash #1 – Caracas General, Venezuela! Next???

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: http://kingdomecon.wordpress.com.

 

After reaching the lofty number of 558,102.62 (over a 4000% increase in 1 year) this electronic exchange crashed on Monday, 10/08/2017 to 518.06 (a 99% crash)! Why? Is it time to wake-up and buy some silver and gold? I think so! Check your CNBC app for details! 

 

The Caracas General Index Market in Caracas, Venezuela (another small but relevant electronic exchange market) CRASHED yesterday and investors lost some 99% of their Bolivar earnings. This is what can happen to any of our global electronic markets when valuations become ridiculous and over extended. What happened to the Bolivars which this exchange stored in cyberspace? Where are they?

The Bolivar (the Venezuelan currency unit) vanished and disappeared in a matter of seconds/minutes and the investors (in this exchange) lost nearly everything. This is our situation today with our electronic/cyber money. Money (now units of consciousness) can vanish and disappear in seconds/minutes as these electronic markets crash and collapse. The crash is silent and without sound but it ‘hurts’ the inner self where these units of imagination are stored.

Electronic money consists of mere digits in the computer screen. These digits are stored in cyberspace and displayed on an electronic screen as supposed representation of ‘value’. In reality, these units of nothing contain NO ‘value’ and NO ‘substance’ and thus can CRASH to zero. The Caracas General crashed 99% and is now 1% of what it was last Friday, 10/06/2017. We need to learn from this situation as ALL our electronic markets could experience similar situations in the near future.

All our digital/electronic/cyber markets are mere imaginary representations of ‘value’ and they do not represent any REAL value. These markets are manipulated daily by high-speed computers and HFT trading gimmicks. A few select traders (including our corrupt Central Banks) trade our electronic markets to PUMP UP these digits so as to IMPLY that all is well economically. In reality all is fantasy/fake/make-believe. Is it time to wake-up to this fantasy and buy some REAL substance (silver coins and gold coins)? I think so! Think for yourself! I am: https://kingdomecon.wordpress.com.

Time to BUY some silver and gold coins/bars as representations of REAL value:

Image result for silver/gold coins

Silver coins and gold coins have real ‘substance’ (matter) and do not vanish and disappear when a market crashes. Think for yourself to understand! Computer digits are living in cyberspace! What is cyberspace? Where is cyberspace?

WORLD MARKETS AMERICAS MARKET Stock Indexes 10/10/2017

Symbol
Price
Change
%Change
BOVESPA76650.73923.931.22%
TSX COMP15777.2948.970.31%
TSX 60930.693.720.40%
S&P/BMV IPC49934.72-137.22-0.27%
MERVAL27080.92314.961.18%
CHILE IPSA5464.58-21.05-0.38%
CARACAS531.113.440.65%

Notice the Caracas number of 531.11 above (this is the ‘value’ of this market today). On Monday, 10/08/2017 (prior to the crash) this number was 558,102.62. What happened to the money (a 99% crash)? Where did it go? Who got hurt? Think on this to comprehend what our markets really represent today!!!

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October 10th, 2017

Posted In: Kingdom Economics

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