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October 31, 2019 | Understanding Money: Key to Survival in 2020 and After!

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:

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Can anyone ‘see’ a digital dollar? What is a digital dollar?

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Today, at the clubhouse I talked with three retired business executives on the history of money and the evolution which we now witness within our digital economy. These retired individuals (one an economist) follow the money markets daily (as I) and they revealed to me why so many thinkers are confused about money, trends, and today’s realities. What did these retired experts think about today’s markets? Do they understand our digital/cyber markets? My view is:

1. None could discern the non-physical nature of today’s monetary system.
2. All viewed money as a ‘thing’ which exists. A unit of matter/energy.
3. None had any comprehension that money is now inner/imaginary/virtual/spiritual.

Let’s talk further on these issues as they point to why our investors are so confused and uncertain about all these realities of survival. First of all, let’s think about the origin of money. Where did it come from? Does money come from our natural world or our inner mental world (originally)? The following is the basic evolution of money for those of us who call ourselves Americans. The logic could apply, however, to all nations on this planet:

  1. Prior to the establishment of our American nation, there was no official money or currency which our people viewed as lawful and official. Why? Money had not yet been invented for Americans. If we go back to our founding (let’s pick 1620 as the founding) for purposes of this missive. The people who left Europe and landed at Plymouth Rock, Mass. had no official monetary system to use for trade and commerce. People bartered with the Indians and each other for most trade situations. Cigarettes were a form of money; deer skins, beaver skins, beads, European coins, and food items were accepted as money substitutes. The important concept is that there was no official money system for Americans at this time.
  2. Now let’s fast forward to 1776 (156 years later). The American war for independence revealed that money was a crucial item for military, economic and political survival.  Money had evolved into select silver/gold coins, paper notes backed by silver or gold, and promissory certificates which had validity because settlement could be arranged later into some item/thing of value. Think on this word ‘thing’ as your read further. The word ‘thing’ means (for this missive) that the item ‘exists’ in space/time and that the item resides ‘outside’ the human mind. This is key for understanding the evolution of money. Money has always been some ‘thing’ which exists (outside the human mind) and within our material universe. So remember this word ‘thing’ and the word ‘exist’ as you read further.
  3. After America’s war for Independence, our founding fathers desired to invent a new monetary system for all Americans. This invention process started mostly in 1785 – 1792 and the source was this founding father called Thomas Jefferson. Additional thinkers (at the time) were Alexander Hamilton and Benjamin Franklin and a few others (Robert Morris, James Madison). These few thinkers were the primary thinkers who invented America’s monetary system. I give Thomas Jefferson primary credit as his thinking and logic was exceptional. So what evolved from their thinking? Keep in mind that America had no official currency unit and no official money system at its founding.
  4. What evolved is the logic of money from the mind of mostly Thomas Jefferson. He defined the word ‘dollar’ (our choice for a currency unit) and he chose the precious metals (silver and gold) as most acceptable money items (things) which existed and which people viewed as having ‘value’. America’s dollar was defined as 371.25 grains of pure silver and/or 24.75 grains of pure gold. The (in ground) supply of silver relative to gold was approximately 15:1 at this time. So the definition of our dollar in terms of silver produced another definition in terms of gold. This logic was presented to our first Congress in Philadelphia and it was approved in 1792.
  5. In 1792 the official monetary system for Americans emerged and our official money (the dollar) started its evolution. The dollar (a mental symbol) was defined…as the word (dollar) was not a ‘thing’ (matter) which existed independently within nature. The word ‘dollar’ (a unit of the mind) was defined as 371.25 grains of silver (to give it credence) and was minted into a silver coin for purposes of circulation in the marketplace. People could now ‘value’ all production (goods) with this physical dollar coin and with representations (promises of dollars) which had equivalent logic to traders and consumers in the marketplace. Think on this evolution to discern the logic and importance of this invention of our founding fathers for growing our economy.
  6. From 1792 (the origin of our official money system) up until 1933 (some 141 years) the official system was relatively stable and logical. The Great Depression of 1929, however, brought new thinking to Washington and then with the election of Franklin D. Roosevelt a new monetary system for Americans. F.D.R. redefined our mental symbol (the dollar) as 13.71 grains of gold ($35/ounce of gold). He further eliminated gold as our money and mandated a mental dollar (printed on paper) as our official money for all commerce. This was called ‘faith money’. Americans now ‘valued’ all goods and services with their new ‘faith money’ (also called the Federal Reserve Note).
  7. To maintain credibility with our foreign traders and counterparties in Europe and elsewhere, F.D.R. allowed foreign central banks to continue with the concept of exchanging excess trade dollars (surplus dollars within a reserve account) of member nations to the Bretton Woods Agreement…and to exchange these excess dollars for our stored gold (now mostly in Fort Knox) at the ratio of $35 for one ounce of gold. This international trade dollar collapsed in 1971 under our President, Richard Milhous Nixon. Let’s understand why this happened.
  8. The Bretton Woods Monetary Agreement of 1944-46 was viewed as the official international policy for our monetary system after the World War II. America had some 700+ million ounces of stored gold at Fort Knox (accumulated after F.D.R. eliminated gold ownership for all Americans in 1933-34). This huge supply of gold gradually diminished to some 272 million ounces in 1971 as Europeans exchanged excess (surplus) reserve dollars for our gold at $35/ounce. This was viewed as a CRISIS in August of 1971. This resulted in Richard Milhous Nixon eliminating gold as an item of exchange (for our dollars) creating the new fiat (imaginary) monetary system in 1973 (our dollar was a weighted average of mental numbers/math) as money for the entire world. Mere mental symbols (called dollars, pounds, euros, yen, etc.) were now our official currencies making all global currencies units of our imagination (symbols/numbers/names within the human mind) with no ‘tie’ to anything physical (like silver or gold).
  9. All seemed to work fine from 1971 to 2008 (some 37 years) as the Nixon regime also negotiated a deal with Saudi Arabia (1974) to price all OPEC oil in dollars (giving our dollar the illusion of being tied to some ‘thing’…OIL). Oil was the commodity of need for all economies on our planet. To price oil in dollars gave credibility to our mental dollar for international trade purposes. All this started to crumble after the 2008 financial crisis (the next major crisis for all currencies) and we now live with a new reality within monetary affairs called the ‘digital’ dollar and ‘digital’ currencies globally. Our global central banks created the ‘digital’ dollar, ‘digital’ euro, ‘digital’ pound, etc. as our advanced technology was now the COMPUTER. Computerization of all currencies resulted in these virtual/digital currencies which live within cyberspace. All this evolved (mostly) since the crisis of 2008.
  10. Today, we live with a new reality which few comprehend. What is a ‘digital’ dollar? What is a ‘digital’ euro? What is a ‘digital’ pound/yen/ruble/yuan/etc.? What is virtual reality? What is cyberspace? Our monetary system has evolved (mostly since 2008) into a digital/virtual monetary system living within cyberspace. Does anyone understand this evolution and where our system now resides? Let’s think about this evolution of money from a ‘thing’ to a ‘non-thing’. From an object within nature to a mental object within consciousness. We now live with mental names/numbers/symbols as our money and these ‘numbers’ (1.00 and multiples thereof) are typed into cyberspace via computers. They are called legal tender and work as money as of today. But what are they in reality?
  11. In reality, we have evolved a new monetary system for our entire planet. This monetary system lives within cyberspace and consists of mere mental symbols as circulating units. These mental symbols (abstractions) work as our money but they are not real ‘things’ which exist. These mental symbols are really units of our consciousness (spirit phenomena). What is a unit of consciousness (in reality)? First of all, it is not a ‘thing’. It is not a physical object? It is not a unit of matter/energy? A mental symbols is actually a unit of my inner self/my spiritual self/my non-physical self. A virtual dollar is a unit of spirit (not a unit of physical matter). This means that all money transactions are now INNER transactions (within my consciousness). Who is aware of this evolution and where it leads over time?
  12. Why are many thinkers now talking about the Mark of the Beast financial system? Who talked about this concept prior to 2008? Few to none. Today, millions of thinkers are talking about the coming Mark of the Beast financial system. Why? I would suggest that its related to our virtual/digital monetary system. Computer money is digital money. Digital money is virtual money. Virtual money is mental/inner money. We could continue by saying that our entire monetary system is now a ‘spiritual’ system of mental numbers living within our extended consciousness (cyberspace). We are living with an INNER system of money and value. It has NO existence within our material space/time universe. Amazing!

Conclusion:  Money was originally invented (from consciousness) and has evolved back into consciousness. From the human mind back to the human mind. From nothing to a ‘thing’ back to nothing. Money is now created out-of-nothing. Out of thin air. Out of the consciousness of central bankers and commercial bankers. We circulate this fake money within cyberspace. Computers and our electromagnetic spectrum distribute these fake units of nothing from central computers to personal computers. From central on-line accounts to personal on-line accounts. From the minds of our elites (the 1%) to the minds of the common folk (the 99%). It’s all evolved since 1620 to 2020 (some 380 years) for Americans. It’s all subjective today. I call this system MONEY FROM HEAVEN!

If you desire to survive financially and politically going forward, I would suggest that you read this missive over and over. Pass in on to your friends for their reading and contemplation. This evolution is key to my survival and your survival in the coming decade. All will change in the coming decade as people become AWARE of this evolution. My friends at the clubhouse here in Marana, Arizona, are starting to wake-up. But most still can not DISCERN the spiritual nature of today’s monetary system. Most are secular thinkers who have bought into secular theories of reality. I call them DECEIVED. But that is my label. You can call me DECEIVED if you like. Reality, however, will prevail (eventually). That is my point-of-view. Have a great day and think on this evolution!

I am:

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October 31st, 2019

Posted In: Kingdom Economics

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