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July 22, 2018 | Capitalism Ended After 2008 Crisis!

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.

The dawn of a new age started with (and after) the financial crisis of 2008. Our Central Banks created digital money via their computers. This operation called QE became the tool which liquified our markets with new counterfeit legal tender. This action is now ubiquitous as most commercial banks can now create digital loans with no reserve requirement. Money from the computer is here and historical Capitalism is essentially over.

 

The operations after 2008 have now allowed our digital stock and bond markets to recover from the near collapse of 2008-2009. Trillions of new legal tender (counterfeited tender) was created to cover the bad assets within our banking system. Central Banks increased their balance sheets by merely counterfeiting new units of money for their accounts. This money then was funneled into assets (mostly stocks and real estate) to re-liquify our collapsing markets.

 

Our markets are now digital and almost all money transactions are now digital. All this has happened since 2008. Our stock exchanges have become electronic and the prior open outcry system of price determination was eliminated. Prices are now derived via computer algorithms and via source codes programmed into the software used by our computers. Look everywhere and try find any pure private markets. There are none.

 

Our markets are now digital/electronic and they operate in cyberspace. Computers rule over all our markets and our Central Banks control, monitor, manipulate, and rig all our computer markets. Read my prior missives for details. It’s all done at the speed of light and mostly behind closed doors. Our Central Banks and their primary dealers control trading and price discovery within all our markets. It’s all done via computer algorithms and via high frequency trading.

 

Think of our markets as machine driven. Computer machines drive all our 65 electronic exchanges which permeate the globe. All these electronic exchanges can be controlled, monitored, manipulated, and rigged by select traders operating behind closed doors. The five main culprits which rule over our markets are the U.S. Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan, and the Peoples Bank of China.

 

Central Bankism is what I witness today as I watch our global markets fluctuate and gyrate from moment to moment in real-time. Digits have become money. Cyberspace has overtaken observed space. Our markets are now mostly inner and metaphysical. All this change has happened mostly since 2008. Yes, Capitalism is over and Central Bankism is here. Think for yourself on these issues. I am: https://kingdomecon.wordpress.com.

 

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July 22nd, 2018

Posted In: Kingdom Economics

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