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August 5, 2018 | Central Banks: From Where Do They Get Their ‘MONEY’?

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.

Money is what? Where does money derive from? Today, money can be created and then circulated via merely TYPING numbers into a computer account. Are you aware of this? Money is now a unit (a mental unit) derived from the THINKING of bankers (their mind) and then these NUMBERS get TYPED into a computer account. All this has emerged mostly since the financial crisis of 2008. Is any of this legal and according to LAW?

 

Since the financial crisis of 2008, Central Banks and their proxy commercial banks have developed a new money creation system. This system requires NO physical money…but merely NUMBERS typed into an account. We call this money merely because it works just like our prior physical notes and coins (at the moment). But what has changed is HUGE. Let’s think about today’s banking/money system. From ‘where’ does money come?

 

Today, money is an INNER concept (a number) which derives totally from the THINKING of bankers. I think and then I create a loan (money for a borrower). A borrower like Amazon or Apple can borrow unlimited NUMBERS to grow their business. Apple just exceeded $1,000,000,000,000 in value. Amazon is near $1 trillion. These select corporations can obtain loans from nearly any commercial bank. What an advantage these select entities have over the average entrepreneur.

 

What are the implications of all this favoritism for select borrowers? Since 2008, our Central Banks (especially our Fed) has created trillions of mental numbers (called money) and funneled these numbers into our global economy. All this is now done via merely THINKING and then TYPING these numbers into an account. The numbers (money) get represented as an ASSET and a LIABILITY on the books (now a computer ledger). The logic seems sound until I recognize the underlying SCHEME. It’s a SCAM!

 

The underlying scheme allows select bankers to rule over our entire economy. Since money is non-physical and INNER, select bankers and their favorite customers can REAP huge advantages over the average entrepreneur. All I need is to have a special relationship with a personal BANKER who will provide me with unlimited loans (money) for my company. Money emerges from this BANKER and from his INNER thinking (his consciousness). Bankers can now solicit loans to create their deposits!

 

If the banker is confident and likes me and my company, then I can borrow at low-interest rates (next to zero for some) and then buyback my stock, pay my shareholders, or invest in new growth. Our legal tender money is now an INNER number (imaginary) and this number gets called a ‘dollar’ or some other ‘name’ (outside the USA). So what is a ‘dollar’ today given these changes to our monetary system? Is it a ‘thing’ which exists? Where does this ‘unit’ come from?

 

In reality, a ‘number’ is a unit of my consciousness (an inner unit of my mind) and it has no existence as an OUTER object. Numbers are units of my mind…not physical ‘things’ which exist within nature. What does this mean? It means that bankers now function illegally and unlawfully as they create mere imaginary ‘numbers’ (call these units money) and then favor select customers who they personally desire to promote. Has our Congress or our Courts approved this money system of our bankers? I don’t think so!

 

Actually, the Coinage Act of 1965 allows only physical money units to circulate as our legal tender. Read the Act. Today, our bankers create unlimited money units (called dollars in America) and then provide these inner units to their select customers. This should be viewed as ILLEGAL tender. When and where have these inner units been adjudicated as official legal tender for payment of debts? I find no evidence that our court system or our Congress has approved inner money units for our legal tender.

 

We now live with an illegal money system IMO. Creating money units from a bankers MIND is not a physical process. This is corrupt and illegal (when I think about our history and our Constitution). Money is supposed to be PHYSICAL. Money is supposed to be approved by our Congress and our Court system. The Coinage Act of 1965 is the last legislation which gives legal tender status to our money units. Where is the approval of INNER (mental abstractions) as official legal tender? I find no court adjudication of this system for our economy.

 

We now live with an UNCONSTITUTIONAL monetary system and an ILLEGAL banking system. Our FED is the main culprit behind all the changes which have occurred since 2008. Our Fed has created TRILLIONS of dollars (electronic numbers) for select foreign banks and for select Wall Street corporations. This private entity should be viewed as a CRIMINAL entity. Any sound thinker should recognize that TYPING imaginary numbers into accounts and doing this without any limits is morally corrupt. It is CRIMINAL.

 

Look into this issue at your leisure. We now live with ILLEGAL money and with CRIMINAL administrators of our money system. This must STOP. Dire consequences will flow from this criminal behavior. Read our Constitution for that which is lawful and sound. Article I, Section 8 and 10, spells out what money must be to be LEGAL. Physical money is much different from INNER (imaginary) money numbers. Wake-up to this corruption before the HOUSE of CARDS collapses into NOTHINGNESS! Morality does matter! Criminality must STOP!

I am: https://kingdomecon.wordpress.com

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August 5th, 2018

Posted In: Kingdom Economics

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