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May 17, 2018 | Currency Problems are the Core Issue for Venezuela, Argentina, Iran, North Korea, Syria, Afghanistan!

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.

 

Venezuela is experiencing 13,000% inflation. This must qualify as hyper-inflation. Yet sellers of prime real estate in Caracas must discount their prices to accomplish a sale. What does this suggest? Price inflation can affect select sectors of an economy and not others. Food and energy are being affected as hyper-inflation hits these items first. Real estate is a different story. Lights are going out in Caracas and garbage is collecting on the streets. Yet people do not seem to understand that money is at the core of all these problems. This concept called ‘money’ is at the core of all our social problems today!

 

Over in Argentina, interest rates are up to 40% as the Peso collapses relative to hard currencies (the dollar, etc.). This country will continue to deteriorate as their money gets rejected on the international stage. Countries like Iran, North Korea, Syria, and Afghanistan also have currencies which are collapsing relative to hard currencies. I sense that this situation will grow exponentially as currency problems magnify in the next few years. Digital money is corrupt money as it has no tangible value independent of the official banking establishment.

 

Today, we live with fiat/digital/cyber currencies globally. All these currencies fluctuate subjectively from day-to-day (relative to other currencies). None of these currencies are tied or defined in terms of a tangible good. The gold standard was abandoned in 1971 by Mr. Nixon. This set the stage for our cyber currencies which are mere symbols in the computer screen. Mental symbols ($) and mental numbers (1) are subjective units of one’s consciousness. These units can not work when a country’s currency collapses. History is our teacher.

 

Venezuela should be a lesson to all financial pundits that these units of nothing (inner units of consciousness) will all collapse over time. Cyber money only works in a progressive economy where prices and values go UP and UP. When values and prices collapse, then trade can not work with these currencies. Cyber money which gets circulated within our computer screens can not be held in one’s hand. This type of money is worthless when an economy collapses (like we now witness over in Venezuela). Argentina could be next and then a host of countries which have weak and/or inflated cyber currencies could follow.

 

Our entire globe is now functioning on cyber money and money which gets created from the consciousness of our banksters. I call this INNER money. It is INNER as it has no outer existence. Try to hold a cyber $ or a cyber currency in your hand. Try to dig into your computer screen for a cyber money unit in your account. I wish you luck. Cyber money is subjective and worthless as economies collapse and crumble. It has happened in Venezuela and is now starting in Argentina. Iran is in serious trouble. A host of nations with weak cyber exchange rates (relative to the dollar or a hard Western currency) will experience a similar situation to Venezuela. It’s all emerging gradually.

 

We need a global RESET to our cyber currency system. This must happen even though this will not solve the money dilemma. History shows that money (to work in a collapsing economy) must be tangible and viewed as having exchange ‘value’. Today, we have NO currencies which are tied to gold or silver. This means that our cyber currencies will ALL collapse at some point. The start of this collapse has already happened over in Venezuela. Watch as more nations experience a similar situation. Think for yourself! Our world system is in serious trouble! I am: https://kingdomecon.wordpress.com.

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May 17th, 2018

Posted In: Kingdom Economics

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