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September 22, 2018 | Digital Wealth vs. Physical Wealth!

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 used to be physical. Today, we live primarily with digital money ($$$) for our valuations/prices! The difference is HUGE!

Let’s think about our financial system as composed of two forms of ‘wealth’. My car is an example of ‘physical’ wealth and the ‘value’ of my car is a form of ‘digital’ wealth. So how should I view these two forms of wealth? My physical car is produced from material items derived from the land (plastic, iron, leather, rubber, etc.). We could say that my physical car is an accumulation of items which come from various items of production  (the scientific word for physical is ‘matter’). Matter (physical) as opposed to Mind (non-physical). This reality (within economics) has emerged mostly since the closing of the gold window in 1971.

 

My car is a physical item which I view as a real form of wealth for my transportation. The cow above is also an item which is physical. The ‘value’ of my car (or the cow), however, is imaginary and I express this ‘value’ (today) in imaginary digital dollars (not silver or gold). This expression of ‘value’ (today) is thought of as digital wealth. The key to understanding these realities is to think of physical wealth as an object which exists in real-time/space and the ‘value’ (or price) given an item as imaginary wealth which we create from the human mind (our subjective imagination).

 

Economics consists of physical wealth (food, clothing, shelter, cars, cows, etc.) and digital wealth (that which we create from the human mind $$$$$ to finance/value a purchase or an ownership situation). My house is another example of physical wealth but the ‘value’ of my house is imaginary and expressed in digital units (dollars or similar invented units from the human mind). What we call ‘money’ (today) is really an invented set of number(s) to give my house a ‘value’…for sale, purchase, or collateral purposes. Physical wealth can be viewed as objective (real) and digital wealth as subjective (imaginary).

 

Today, our ‘money’ consists of digital dollars (primarily) which circulate in cyberspace (within our computer screens). All these digits within our computer screens are units of money which get ‘invented’ (created) by a banker’s consciousness (mind). We all call these digital units ‘wealth’ but, in reality, these units are mere symbols $$$$$ of our ‘imagination’ (inner units of consciousness). Numbers (1, 2, 3, etc.) are imaginary units of my consciousness (mind) and not physical items. I can invent or create ‘unlimited’ numbers of numbers and call these numbers ‘wealth’. But they are NOT physical wealth!

 

All I do (today) is ‘type’ numbers into the computer screen and call these ‘numbers’ money (official legal tender for use in ‘valuing’ other physical production). The game, today, is to invent (create from the mind) digits…call these digits money and then to distribute these imaginary digits to people in the marketplace. People will then ‘use’ these invented digits to ‘value’ items in the physical marketplace (food, clothing, shelter, cars, cows, etc.). Get the picture? Money, today, is imaginary and gets invented by our bankers via merely ‘typing’ numbers into the computer screen. Is this sound economics?

 

Think of wealth (today) as consisting of TWO separate realms of reality. Physical wealth which is composed of matter/energy (say a car, barrel of oil, or a house) and mental/digital wealth which gets ‘invented’ from one’s mind or consciousness (and gets used to ‘value’ these items of physical wealth). Today, we live in a global financial economy where our Central Banks (merely ‘invent’ these digital money units in unlimited amounts). We call this lending and/or quantitative easing. We create ‘numbers’ from our imagination so as to ‘value’ physical production. Production is physical and our money is non-physical!

 

In reality, our money today is mostly meaningless when it comes to ‘measuring’ historical value. Think on this situation as your read my words in this missive. When we used silver or gold coins as our money (or paper notes which could be converted into silver or gold) then we had a form of money which could ‘measure’ value (somewhat objectively). Thomas Jefferson created our original historical money system. Value was (originally) a form of wealth which could be viewed as physical (as it was derived from physical money units…silver and/or gold).

 

Today, however, we use mere inner money units (digits of consciousness) for our money and we ‘value’ production with these imaginary units (mere numbers/symbols). My house or car consists of physical production but my ‘valuation’ is internal/mental/imaginary. Get the picture? It’s all because our money today is digital/imaginary and living in cyberspace (another imaginary realm). We need to recognize that we live with a corrupted system of finance and economics (today) which is destined for a mental crash (down the road). The system is based on fakery and fantasy and has no physical foundation!

 

How can imaginary money units (digits in cyberspace) last when these money units are totally subjective and inner units (mental abstractions)? Subjective money leads to distortions, manipulations of value, false bookkeeping, invented lending processes, counterfeiting of our official legal tender (called quantitative easing), rigging of our prices, favor for select borrowers, distorted price discovery, personal loans for useless projects, etc., etc. The entire financial system becomes a rigged and manipulated house of cards. Can this last longer term? Why support this fantasy system?

 

Can you discern what has evolved these past 10 years since the 2008 financial crisis? We now have a ‘Mark of the Beast’ financial system which consists of mere accounting ‘numbers’ (with no tie of the money units to physical reality). Think of our money as consisting of ‘imaginary’ numbers derived from a bankers MIND (inner consciousness). What are mere ‘numbers’ which get ‘typed’ into the computer screen (and then called money)? Isn’t this a casino of subjectivity and corruption? Where is a digital $? What is a digital $? Where does digital money reside? Try ‘find’ a unit of digital money!

 

We need to wake-up to reality, folks. We live within a financial system composed of ‘fantasy’ money and ‘make-believe’ valuations. Our money is INNER and SUBJECTIVE. Our inventors of this money are our commercial bankers and our Central Bankers. These select few just ‘type’ money numbers (imaginary symbols $$$$$$) into the computer screen and give these symbols to their select cronies (mostly politicians, crony capitalists, friends who bow to a bankers belief system, or those with excessive accumulations of prior debt). It’s totally corrupt and unworthy of our support.

 

We could transition to a NEW MODEL of economics rather easily if we desired a change. We could collapse this existing HOUSE of fantasy and set up a NEW MODEL for our future. I have talked for years about this NEW MODEL. You can read all about it in my prior missives on this website. Think about collapsing this existing HOUSE of fantasy (this fake/subjective/corrupt system). Sell your stocks, get into paper notes, silver coins, gold coins, and tangible items. Watch as the HOUSE of fantasy collapses and cheer on this collapse as your children laugh at our absurdity and stupidity.

 

Anyone with a smidgen of common sense should be able to discern that fake/subjective/imaginary money can not last or produce real prosperity, happiness, and security. The current system needs to collapse and vanish from history. We need to start thinking about a NEW MODEL for our children and for those who follow after us. The time is NOW. Reality is always a NOW experience IMO. NOW is the time to create this collapse so our children can have a meaningful future. Think for yourself! Check out this website for all the current fantasy and fakery: http://www.usdebtclock.org.

 

I am: https://kingdomecon.wordpress.com. Help to pass this missive on to others. Education is key to meaningful change. I think you would agree!

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September 22nd, 2018

Posted In: Kingdom Economics

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