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July 7, 2018 | Let’s Review: What is ‘Money’ in Reality?

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.

 

Understanding reality is important as reality does prevail ultimately. Who is aware of what this ‘word’ money describes? Does it describe an object from nature? Does it describe some ‘thing’ which exists within our material world. The word ‘exist’ means that money would be permanent and available to anyone who seeks its discovery. Let’s think about this concept called ‘money’!

 

In the old days (prior to 1971), many viewed gold as money. Gold is found in nature and many have viewed this metal as equivalent to ‘money’. Later silver was viewed as ‘money’ by most authorities. This meant that both gold and silver were equivalent to ‘money’ (for thinking purposes). For thousands of years people have viewed these precious metals as a type of ‘money’. But is this a valid mindset today?

 

Today, we know that ‘money’ can be invented and then circulated as mere digits in the computer screen. We call this digital money and/or cyber money. Currently, our authorities do not view gold and silver as real ‘money’. Most people who I talk with do not view gold and silver as money. So, today, money has taken on a new meaning. Anything which people use and which our official authorities define as legal tender becomes ‘money’ (for most).

 

Today, the word ‘money’ is a concept of our mind. The concept denotes these cyber digits which we all circulate via our credit cards, smart phones, and our bank wire transfers. Digital units have been foisted upon the world and most everyone today seems to view these electronic digits as equivalent to ‘money’. When I show people a gold coin or a silver coin they look at it like it is an object of jewelry. They do not think of these items as money. What a change has occurred (in our thinking) since my youth in the 1950’s.

 

We now live with a concept of money which was invented by our banking authorities fairly recently. Mere cyber digits were invented and these digits now circulate within our computer screens as our money. Computers and digits create our stock markets, our bond markets, our real estate markets, and all our derivative markets. We ‘value’ all goods and services today with these computer digits. Price discovery is a result of computerization and digitization. All this was invented (mostly) in just the last 20 years.

 

So what can we learn from these past 70 years of monetary history? We can learn that this word called ‘money’ is an invented concept which changes over time. Our American economy started out with silver coins and gold coins as ‘money’. This was in 1792 and it continued until 1934 (mostly). FDR removed gold from our American markets and mandated that our banking system create new money for the markets. Nature and the mining for money was mostly eliminated after 1934. After the closing of the gold window in 1971, all monetary thinking revolved mostly around ‘digits’, ‘numbers’, and inner concepts of the mind as our money. Gold was gradually eliminated as circulating money.

 

Fiat numbers imprinted on paper notes and metal coins were allowed as money (for minor transactions) but most money became accounting digits and numbers within our computer machines. In 1973, we developed an index dollar for the world, index currency markets emerged, index trading developed, and floating index measures for this concept called ‘value’ developed. Today, practically all monetary transactions are the result of cardinal numbers derived from our metaphysical mind. Gold coins, silver coins, copper coins, and paper notes are disappearing from circulation and cyber money has replaced these older forms of money. A cashless world is here.

 

All this was done to further economic growth within our economy and create a global economy where trade could be accomplished in real-time. Real-time markets are now reality for nearly everyone. Cyber money is reality for nearly everyone. Inner monetary transactions have replaced outer money exchanges. A cashless world of inner monies is progressing and becoming ubiquitous. All this has created our Central Planning economy where computers and Central Banks rule over all our financial markets.

 

Private money and private control over our economy has vanished as all digital money has become centralized. Central Planners (called central banks) determine who gets what digits (money) and who must live with entitlement money administered by the central authorities. Capitalism as we knew it historically has changed into a Central Planned economy (now global) with a few central banks in control. Who are these central banks which control all of us?

 

In America and the West we have the Federal Reserve Banking System as extremely powerful. In Europe we have the European Central Bank and the Bank of England. In Japan and China we have select central banks. Some 60 powerful central banks rule over commerce and control our financial system (globally). The Bank for International Settlements has 60 member central banks which rule over all commerce on planet Earth.  http://www.bis.org.

 

Money is now being invented by human decision-makers who can think up numbers and then type these numbers into a computer account. Thinking up numbers and typing numbers into a computer account creates ‘money’ for the world financial system. Most commercial banks can now create digital money with no deposits or backing. Fractional reserve banking is becoming ‘fractionless’ reserve banking. I call this money from heaven (derived from the inner consciousness of a bank decision-maker).

 

So what is ‘money’ today? It is not gold. It is not silver. It is not copper. It is not paper. Money has become (mostly since 2008) mere cyber digits (derived from thinking decision-makers within our banking system). Money from nothing is the mantra. Money from thin air is another name. Money derived from typing numbers into the computer screen is reality today. Money from an inner consciousness which is spiritual or metaphysical in its nature is our situation. Money from ‘heaven’ is what I call it.

 

Our markets are now mostly inner markets where we think and then spend. We exchange nothing physical. We carry nothing physical. We swipe credit cards for most transactions. We use ‘near field’ technology to transfer digits from a smart phone to a receiver. The receiver then sends a signal to our banking account. It’s all done electronically and within this space called cyberspace. Cyber money has replaced all the historical money of yesterday (gold, silver, copper, and paper).

 

Where is all this leading for our planet? My sense is that it is leading to a new digital currency system. One central authority will administer the system. Everyone will be given a 12 – 16 digit account number. This has already happened in India. To buy, sell, invest, save, or transact we will need this ‘number’. Enslavement to a number will become ubiquitous. It’s happening quickly and silently. Few comprehend what is happening. The ‘Mark of the Beast’ economy is here.

 

The name of the game going forward is control, control, control. Central Planners need control to administer this metaphysical financial system. It’s totally diabolical but few will resist as money is key to each person’s survival. Yes, money is ‘invented’ and then it is administered for purposes of CONTROL. Those in authority must have control to administer the system. Enslavement is the result for the masses. Is it time to recognize our enslavement? I sense it happening everywhere. Think for yourself to discern these realities. I am: https://kingdomecon.wordpress.com.

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July 7th, 2018

Posted In: Kingdom Economics

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