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August 16, 2018 | All Currencies have NO anchor! Why?

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.

Today, we live with some 180 fiat digital currencies on this planet. They are fiat as they get created by select Central Banks or proxy governments (out-of-nothing). They are digital because they circulate within cyberspace and appear as numbers (digits) within our computer screens. They have no anchor as they are mere units of consciousness with no TIE to a material object (like silver or gold).

 

Historically, we used the word MONEY to denote an object from nature which was accepted as having intrinsic value. We used the word CURRENCY to denote a note, coin, or number which allowed us to ‘value’ a transaction. In other words, money was different from a currency. Money was supposed to represent ‘value’. A currency was supposed to ‘calculate’ value.

 

Today, we have NO object/commodity/thing which acts as a proxy for ‘value’. Our governments have eliminated gold and silver from our monetary systems. Each nation or group of nations have a currency that circulates and which we use to value transactions. But this currency is not tied to anything tangible. This means that we have floating digits (in cyberspace) as our currencies.

 

These digits work for the time being. But they are actually non-physical items and I would call them ‘imaginary’ items as they are ‘virtual’ in nature. Think of a ‘number’ with no tie to physical reality as our currency. Think of mere ‘numbers’ being created by our banksters for circulation within our marketplace. Think of numbers as our currency and money and ask yourself if this is a sound/lasting system?

 

What we use today for money is scandalous. Select banksters merely ‘type’ numbers into select accounts and call this sound economic thinking. This is criminal activity if we think of our history of money and our legal tender laws. Select banksters can simply ‘counterfeit’ currency units from their thinking and reward select cronies with these units of wealth. Is this leading to growth, prosperity, peace, and happiness?

 

Those with a semblance of ethics need to inform our elites that this type of system is scandalous and corrupt. Check into these realities on your own to comprehend what is happening today. Call your representative in Washington D.C. and inform them that you reject this system. Our future depends on rejecting this fantasy called digital money. Ask yourself this question: What is a digital dollar? Where is it?

 

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

 

P.S. My goals require some financial help from those who desire to pursue ‘truth’ in finance. You can donate if you desire to help me promote my goals for our country. Thanks for your help!

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August 16th, 2018

Posted In: Kingdom Economics

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