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August 7, 2019 | Virtual Wealth, Virtual Currencies, Virtual Valuations, Virtual Prices!

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.

Let’s start with a definition of this concept (word) called VIRTUAL:

Virtual:  COMPUTING
not physically existing as such but made by software to appear to do so.

Virtual:  an artificial environment which is experienced through sensory stimuli (such as sights and math data) provided by a computer and in which one’s actions partially determine what happens in the environment.

Virtual:  noting an image formed by the apparent convergence of rays geometrically, but not actually, prolonged/separated, as the image formed by a mirror (opposed to the real object outside the mirror).

Image result for my picture in the mirror

Today, within economics and finance I accumulate mostly ‘virtual’ wealth. This wealth consists of numbers within the computer screen (such as the computer cloud). I trade my virtual savings so as to increase my virtual wealth. I also lose my virtual wealth as these virtual numbers go up and down within my cyber computer screen.  Virtual wealth is ephemeral and fleeting as it technically does not exist within material reality. Virtual wealth lives within my consciousness and it is viewed within my computer account.

Image result for virtual wealth in the computer cloud

Measurement of my virtual wealth is accomplished via these virtual currencies which also are computer generated. The dollar is now mostly a virtual currency. It lives within my consciousness and my extended consciousness (my cyber computer screen). I still have a few non-virtual dollars (called paper notes) but gradually most of my money transactions are now done via my smart phone and via the computer. This makes my dollar wealth ‘virtual’ and ‘inner’.

Image result for virtual wealth in the computer cloud

Today, my car, house, furniture are my primary material objects (non-virtual) which I ‘value’ (as my virtual wealth). There are no material (non-virtual) valuations in today’s economic world. All valuations are virtual valuations and most valuations are now accomplished via the computer. Algorithms do the math and derive the valuation. Retail purchases are all given a virtual price for me to consider.

Image result for my car and house

When I go shopping I experience virtual prices. Milk, butter, bread, meat, soup, and all items on the shelves are given virtual prices. I visualize these prices within my consciousness and assume that they were derived fairly. Prices, however, are mostly derived by algorithms with a computer program. Price discovery is mostly a computer driven process with no human negotiation allowed. The old price discovery methods where paper notes (cash) were used to set (negotiate) prices is mostly no longer relevant.

Image result for virtual wealth in the computer cloud

We now need to think of finance, money, and economics as mostly an experience within our virtual consciousness. Yes, my consciousness is also virtual. Consciousness creates all these virtual results such as virtual wealth, virtual currencies, virtual valuations, and virtual prices. The tool used to help with all these virtual calculations is the computer and our internet world. We live within a computer simulation today with our financial transactions. I call this two realms of reality (the virtual and the non-virtual).

Image result for virtual wealth in the computer cloud

Think of virtual reality as derived from my consciousness. Think of non-virtual reality as objects within our material world (outside my consciousness). My car, house, and furniture are examples of non-virtual reality. The prices of each item, however, are part of my virtual reality. This makes me a dual person who lives within two realms. I usually call these two realms the INNER and the OUTER. The inner is virtual and the outer is non-virtual. I hope this missive will help you discern these differences.

Image result for inner and outer realities

All of finance is now mostly a virtual experience. Soon all non-virtual currencies (money) will be eliminated and the entire world will operate within a virtual environment. Today, countries like Sweden, Canada, India, China, and the USA are mostly cashless. This trend will continue until the entire planet is cashless. Then the entire planet will transact within the VIRTUAL realm of reality. Outer objects (goods) will be purchased using virtual currencies, virtual valuations, and virtual prices. It’s mostly here NOW.

Image result for a cashless world is developing

It’s is important to understand the VIRTUAL nature of finance and economics. With paper notes, coins, silver, and gold being eliminated as currencies, the entire system will be VIRTUAL. My car, house, and furniture will still be non-virtual but my buying/selling/investing/saving/valuations will be totally virtual. It’s mostly here NOW and according to prophecy this virtual system will develop for the entire planet in the next few years. It’s called the ‘Mark of the Beast’ economy.

Image result for a cashless world is developing called the mark of the beast system

This coming ‘Mark of the Beast’ economy will be computer driven, virtual, and will require that everyone buy into the system. Those who reject the system will be eliminated and ostracized. That seems to be the message of prophecy (so it seems). Anyway, it is important to comprehend what is emerging. Many of us will reject this coming ‘Mark of the Beast’ financial system. You, also, may do so. Rejection may have consequences but at my age these consequences have little meaning.

Image result for a cashless world is controlled by a central authority or a central computer

Think on all these issues on your own to discern what is happening in this world of money and finance. It is interesting to learn and then contemplate its significance. I live in the now and successive moments of now always. So, for me, the NOW is reality. My reference point for reality is that which I experience in the NOW moment. Each moment of NOW changes and this means that I must stay tuned-in to each NOW moment. My smart phone helps with this situation. Enjoy this day and watch events happen as they happen. What ‘will be will be’…so said Doris Day back in the 60’s. It’s my mantra!

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August 7th, 2019

Posted In: Kingdom Economics

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