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February 28, 2018 | Digital Dollar ($1.00) has ‘No Tie’ to Material Reality? Consequences!

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.

Virtual currencies (like our $1.00) have ‘NO tie’ to material reality (matter/mass/object)! All is digital and this means it is INNER/spiritual!

A major digital crash is on the horizon (2018 likely) because our digital $ has no ‘tie’ to material reality. Let’s think on this situation for today’s missive. My sense is that a major CRASH is on the horizon and eventually we could witness our digital $ going to zero (vanishing from all our senses completely). This means that our digital stock/bond/derivative markets could crash and eventually go to zero also. Why is this a real possibility? Why is this reality 101 for those with wisdom and understanding?

 

First of all, let’s focus on this concept called the ‘digital’ dollar ($1.00). What is a digital dollar in reality? Is it some ‘thing’ which exists in time and space? Is it a ‘thing’ which I can feel, touch, see, hear, or smell? Is it a material item from nature? Where is this ‘thing’ which we assume is real and present to our senses? Where is this digital $? Look all around yourself at this moment. Can you locate this ‘thing’ called a digital dollar ($1.00)? Anywhere? I don’t think so! What does this mean? Why is this significant?

 

The reality is that a ‘digital’ dollar is an INNER ‘name’ and ‘symbol’ which we visualize within our consciousness (mind) but which has no outer existence. A digital dollar is thus similar to any ‘name’ or ‘symbol’ which we derive from our INNER being. If I want to start a crypto currency (for example) then I merely choose a ‘name’ (say Swede) and I create an algorithm which locks in a select number of units (say 20 million) and then I create an ‘image’ of this unit (crypto Swede) for you to visualize (see) in the computer screen.

 

The image can now be called a crypto currency (or a virtual currency) and we can all witness this photon image within our computer screen (cyberspace). We can assume that it is real and material even though it is really nothing material (a ‘thing’ composed of matter). It’s merely a virtual image with a name and it has no existence within our space/time universe. The image or name gets relevance only because we can visualize (see) this image/name in our computer screen.

 

Our digital dollar ($1.00) is similar to the above created crypto currency. It is a virtual item within our computer screen. It has no existence or substance and the image can not be located within time and/or space. This means that the image and name is INNER and is derived from my/your consciousness. It’s similar to the ‘tooth fairy’ image/name from our youth. We create the image/name and circulate this image/name like an email communication. We basically have a virtual item which was created from our spiritual consciousness (our mind) and we then circulate this item as if it were real.

 

So if the digital dollar ($1.00) is virtual and inner, then what is it in reality? I would suggest that this unit is metaphysical and/or spiritual. It lives in my consciousness and it gets visualized in my computer screen. It is merely a ‘number’, ‘symbol’, ‘name’. It has NO tie to material reality (matter/energy). It has no independent ‘existence’ outside my/your mind (consciousness). We could say that it is ‘nothing’ and it is also ‘nowhere’. Try find it? Try locate it in space/time? Try sense it with one of your five senses?

 

We now live with money units (some 90+%) which are virtual/digital units and which have no outer existence in space/time. Our digital dollar is INNER and imaginary. Our digital dollar is virtual or illusory. Our digital dollar has no ‘matter/energy’ which gives it substance. This means that our digital dollar vanishes and disappears when we witness a real crash in our virtual/cyber markets. When confidence wanes to a low-level, then traders will short most investments and sell digital assets. Where does this lead?

 

When confidence wanes sufficiently our digital money system will CRASH totally. Within hours, days, and months the entire digital mountain of math will come crashing down (silently being erased from our inner consciousness). We live in a fantasy marketplace of digits, virtual images, and numbers. It’s all inner and within our mental arena (also called our consciousness). It’s a subjective/inner marketplace of symbols $$$$$ and 1,2,3,4….imaginary numbers. All are circulating in a cyber space environment.

 

What is cyberspace (in reality)? Where is cyberspace (in reality)? Is this netherworld space material and composed of matter or energy? Is it a space which we can attribute to our five physical senses? Can I locate this space outside myself? Just where is this space which we call ‘cyberspace’? Where is my MONEY today? Is it located in my computer screen? Is it digital? Is it virtual? Does it EXIST within material reality? If not, then what happens to all these money units ($$$$$$) when a CRASH of confidence emerges?

 

I think we all could discover that our entire financial system is ephemeral and fragile. This virtual/digital financial system is subjective at the core. Once people lose confidence in the virtual/electronic/digital money, then the entire mountain of ‘numbers’, ‘names’, and ‘symbols’ come tumbling down to ground ZERO. We end up with a vanishing system of ‘numbers’, ‘names’, and ‘symbols’ which vanish and disappear into our inner self (consciousness). Is this a SOUND financial system for long-term international trade and commerce?

 

I think we need to recognize that our entire financial system is ephemeral and very fragile. The entire mountain of math (called our financial system) will eventually come tumbling down and vanish into our inner self. It is happening as I write (to a degree). It will magnify once investor confidence reaches a specific level (which no-one can know at this point). Money is a ‘confidence’ game and all our math, numbers, and symbols (used for valuation of assets) are ephemeral and very fragile. Witness: http://www.usdebtclock.org. Think on this! Enjoy! I am: https://kingdomecon.wordpress.com.

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February 28th, 2018

Posted In: Kingdom Economics

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