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January 27, 2018 | Adjudication of Four Words: Value, Money, Dollar, Virtual!

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.

 

Let’s see if we can define, describe, and understand four key words which are prevalent in today’s financial marketplace. The words are: value, money, dollar, and virtual. Put on your philosopher’s cap and let’s think about the meaning of these words in today’s marketplace. To adjudicate means: Adjudication is the legal process by which an arbiter or judge reviews evidence and argumentation, including legal reasoning set forth by opposing parties or litigants to come to a decision which determines rights and obligations between the parties involved.[1]

 

  1. Value:  this word is foundational to economics and finance. What is value (in reality)? Does the ‘word’ value REFER to anything in nature? I would suggest that this word called ‘value’ is totally an ‘inner’ word of my subjective mind (consciousness). It ‘refers’ to nothing outside of itself. Take the ‘word’ table.  This word ‘table’ refers to an object outside of myself. It is similar to the ‘word’ chair. But this ‘word’ called VALUE refers to nothing within nature (our material world). This makes it a subjective word which gets interpreted differently by each person. We ‘value’ all items of commerce and each person derives a ‘value’ which is personal to him/her. Do you agree or disagree with this adjudication? If this word called ‘value’ is inner and subjective then all prices and asset values are also inner and subjective. All that we ‘value’ in finance and economics is thus subjective, uncertain, relative, variable, inner, and changing! We need to recognize this REALITY in today’s marketplace! Think of this word called ‘value’ as an INNER word (a unit of consciousness).
  2. Money:  this word has a 6,000 year history within commerce and this word also refers to ‘nothing’ fixed or objective within nature (our outer material world). The word ‘money’ refers to ‘nothing’ specific that is unchanging, specific, or absolute. The word is ‘invented’ to serve a purpose within a barter or Capitalistic system of commerce (which we also invent). I, as a property owner, create goods and then I offer these goods to a marketplace. If the marketplace has not ‘invented’ money (as of this time), then I must barter with my counterparty to derive some ‘subjective’ value for the trade (exchange). If the barter marketplace has already chosen (invented) some item as ‘money’, then I can exchange my production (goods) for this item (money is ‘invented’ to serve as a ‘tool’ to help us in our trading and our commerce). Notice that this word called money has no objective/specific/fixed meaning or definition. Money ‘refers’ to nothing in nature that is recognized as universal ‘money’. Money can be basically anything (an item from nature) or any subjective ‘number’ or ‘name’ from my consciousness (a virtual item) can also serve as money. Money is a tool within commerce for helping us to ‘value’ other goods/services and also to serve as our proxy (substitute) for this inner/subjective concept called ‘value’. There is no objective item within our material universe that is automatically ‘money’. Think of ‘money’ (today) as a UNIT of consciousness (an ‘inner’ concept of my/your mind).
  3. Dollar:  the word ‘dollar’ has been around for hundreds of years and this word was chosen as America’s official currency unit back in 1785. Thomas Jefferson was mostly instrumental in choosing this word to serve as our ‘counting unit’ for deriving prices in a marketplace. The ‘word’ refers to nothing in nature so Jefferson chose to define this word to give it meaning in the marketplace. Jefferson defined ‘dollar’ as 371.25 grains of pure silver (Ag)…an element from nature. Without this definition, the word ‘dollar’ would REFER to nothing and would be merely a virtual unit of nothing (a ‘number’ and a ‘name’). Dollar would be a mental abstraction and would have no outer referent. Jefferson overcame this nothingness by defining the word ‘dollar’ in terms of the element called Silver (Ag). Today, we have no definition for this word ‘dollar’ and it circulates as a ‘virtual’ unit of my/your consciousness. It circulates in this netherworld space called ‘cyberspace’. It is a ‘tool’ for counting and deriving prices in our marketplace, but it has no existence within our material world of nature. Think of ‘dollar’ as a unit of nothing, located nowhere, and which is ‘inner’ and ‘subjective’. It vanishes as it gets deleted (by bankers) within cyberspace and it emerges as bankers think and punch their computer keys to add new digits within their cyberspace accounts. The word ‘dollar’ is a unit of consciousness (inner) with no referent to a ‘thing’ within nature (our material universe). This goes for all fiat currencies which circulate within cyberspace.
  4. Virtual:  this word arrived in the 80’s and 90’s with the advent of our computer technology. When I connect computers to each other a new ‘space’ emerges which we call ‘cyberspace’. This new ‘space’ is not physical or material but is actually an ‘extension’ of my consciousness (my inner self). Connecting computers into a worldwide network (like our internet) creates a global cyberspace world for everyone. Today, I can use my computer, laptop, smart phone, or similar device to access this cyberspace network within this netherworld space called cyberspace. This virtual space is where all our currencies reside today. The dollar, yen, pound, euro, krona, peso, etc. all reside in this virtual netherworld space which is invisible, inner, spiritual, metaphysical, and part of our consciousness. I call this space my ‘extended’ consciousness. As a banker, I can now think up digits (cyber numbers), call these digits by the name ‘money’ or ‘currency’, and then I can manipulate, rig, manage, administer, and/or control the entire global world of commerce. Money and currencies live in this new ‘space’ (inner realm) which we now call cyberspace. This virtual space is observed in my computer screen or my smart phone screen, but I am unable to ACCESS this space as it is really an ‘INNER’ spiritual space which does not EXIST (physically). Virtual currencies (called money) are really part of my/your CONSCIOUSNESS (or extended consciousness). Think of this word ‘virtual’ as different from ‘observed’ space (tables and chairs) but part of our INNER metaphysical/spiritual space (the human mind). Today’s commerce is accomplished (mostly) in this virtual/cyber/inner space as ‘values’, ‘prices’, ‘money’, ‘currencies’, and ‘cryptos’ are invented/ derived/circulated. It’s all imaginary/illusionary/deceptive!

 

Our world of commerce has changed significantly in the past 20 years as our new computer technologies have emerged and evolved. Today, we live with some 65 global electronic stock/bond exchanges where virtual digits reveal what is happening within global commerce. Our official money is now virtual and these units (dollars, euros, pounds, yuan, yen, krone, pesos, etc.) are multiplied via our banking community by merely punching computer keys. Money is added and subtracted (in the trillions) with the punch of a computer key. We call this world a DIGITAL world of virtual currencies, prices, and values.

 

The old monetary regime of physical money units (paper notes, metal coins, silver bars, gold bars, etc.) has been replaced with a new regime of cyber money which circulates within cyberspace (from computer to computer) at near the speed of light. Subjective money (created out-of-nothing) has replaced our old objective money items. Central Bankers have emerged as major players, traders, and manipulators of all these virtual/cyber markets. Some use the word ‘rigged’ to refer to the ability of select Central Bank traders or their proxies to change these cyber prices/values/numbers/digits (at will) with their unlimited ability to create new digits for their accounts (called QE and or quantitative additions to the money supply).

 

Central Banks have also acquired huge trading facilities where they can trade our cyber/electronic markets so as to continually pump UP these virtual asset prices with their unlimited supply of cyber digits (created out-of-nothing). Today, we witness these electronic exchanges (some 65 global exchanges) being pumped UP and UP continually by Central Bank traders (and their proxies). This should be viewed as absolutely corrupt and illegal but so far only a few patriots notice all this corruption/rigging/manipulation. Our Central Bank traders, operating behind closed doors, do not allow any media to observe their operations. This is designed so these elites (called policy administrators) can continue the global corruption indefinitely and ubiquitously (without any public outcry).

 

Our SYSTEM is now a corrupt inner system which is administered by corrupt insiders with happy faces and smiling supporters (advocated by a few select politic insiders and a group of Deep State supporters)…with unlimited virtual wealth to distribute between themselves, their friends, their proxies, and their corporate supporters. This history of Central Banking is unknown to most citizens. The history, however, will reveal this operation (called money and banking) to anyone who desires real understanding on all these issues. Here is one website for you to watch for some enlightenment (there are many others on You tube):  https://youtu.be/5IJeemTQ7Vk, https://youtu.be/5IJeemTQ7Vk.

 

Read the above definitions of key words a few times to internalize their meanings. Our world is changing rapidly and those with understanding will help to change our system to a BETTER system. Our elites at the TOP will not change as they are benefiting from all this corruption. They also do not desire that YOU get educated. But, today we have the internet and blogs such as mine. We can all learn and then ACT to change this system for our future. Thanks for reading this far. I am: https://kingdomecon.wordpress.com.

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January 27th, 2018

Posted In: Kingdom Economics

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