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November 24, 2019 | Education on ‘Virtual Money’! Today’s Market Situation!

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.

Since 2008 our financial markets have changed materially. Our markets have become computerized and our money has become electronic and virtual. Any money which gets created within cyberspace and circulates within cyberspace is a ‘virtual’ monetary unit. Cyberspace is this artificial space which emerges from the connection of computers into a network. Select computer software creates our money and the trend is now towards a cashless world of cyber currencies for the entire planet going forward. Let’s define some key words to understand this new market of ‘virtual’ reality for all finance and economics.

1. Virtual money: a digital representation of value for purposes of market exchange or storage of value. Our money lives within cyberspace.
2. Virtual currency: a currency held in digital form that circulates within cyberspace (our computer screen). Some examples are bitcoin, any cryptocurrency (coin or token), any digital currency, any official currency which circulates within cyberspace and is used for cyber transactions (such as our digital dollar, digital euro, digital yen, digital pound, digital krona, etc.). Most official currencies are now virtual as they derive from computer operations. Paper notes and metal coins are vanishing from our markets!
3. Virtual assets: all stocks, bonds, mortgages, and derivatives which live within cyberspace and which traders use to represent ‘value’ in exchange.
4. Non-physical assets: the nature of all virtual assets, money, and currencies. All are non-physical (meaning they have no mass, matter, weight, or material existence).
5. Metaphysical assets: the nature of all virtual assets, money, and currencies. The images are beyond the physical (meta-physical). The units are all living with cyberspace (this space which gets created via the connection of computers into a network).
6. Virtual (the meaning): that which does not exist but which computer software creates and which appears to be real….as the images can be circulated, manipulated, and changed by select computer operations.
7. Electronic money: money which circulates within cyberspace and which gets created/destroyed within computers and computer software (such as debit cards, credit cards, and all forms of financial transfer via a computer signal). All our markets are now mostly electronic. Stocks, bonds, mortgages, derivatives are traded electronically today.
8. Cashless finance: a system where all exchanges of ‘value’ are accomplished within cyberspace (virtually). No material/observable items are exchanged. All the monetary units are virtual, digital, electronic and operate within cyberspace.

A good example of virtual money creation is this video from the Bank of England: https://www.youtube.com/watch?v=J9wRq6C2fgohttps://www.youtube.com/watch?v=J9wRq6C2fgo. Notice the virtual nature of all money transactions in this video. The symbols reveal the virtual nature of all transactions of value. All happens with the punch of a few computer keys (mostly within select central bank institutions).

Now that most finance lives within cyberspace, we could say that our financial world lives within us. What does this mean? Historically, exchanges of value have involved an exchange of observable items (paper notes, metal coins, silver, gold, etc.). Today, however, exchanges are mostly virtual and the exchange takes place within my/your consciousness (cyberspace represents our extended consciousness). Our inner self (our consciousness) stores the exchange of value.

A virtual currency has no real material value (as an item of nature). There is no matter/mass/weight which gets exchanged. We exchange mere inner ‘symbols’ ($$$$$) which are mere math numbers. These virtual numbers represent ‘value’ until the number is deleted from cyberspace. A mere ‘deletion’ of numbers (today’s virtual money) removes all ‘value’ from reality. Numbers go back into our consciousness to complete the deletion process. A banker or a financial agent could delete all our financial numbers.

Since this concept called ‘value’ is virtual, non-physical, metaphysical and subjective the denomination of ‘value’ using virtual numbers ($$$$$) becomes a similar process. Our virtual money is merely a proxy for our virtual value. All is subjective today and all our ‘value’ and ‘money’ can be DELETED with the punch of a computer delete key. So we now live in a meta-physical financial world of mere ‘units of consciousness’ for all valuations.

This means that the entire financial world could be ‘deleted’ with the punch of a few computer keys. Our central banks hold the key to our financial future as these administrators can create and/or delete all these virtual money units for the entire global marketplace (if they desire). QE can be created indefinitely, for a select few, or for all consumers. The entire financial set of numbers can also be deleted so that all our asset values go to ZERO. All debt could also be eliminated with our computer ‘delete’ key.

Our financial world is now an ‘inner world’ of math, numbers, and virtual images. Look at your own computer accounts (these inner cyber accounts) for evidence. All my financial assets are now within the computer screen called cyberspace (with the exception of a few silver coins and paper notes which I store onsite). I live with virtual reality for nearly all my financial transactions today.

Understanding this concept of ‘virtual’ finance is very important. All finance is trending towards a cashless/virtual society. A few central banks control the system, monitor the system, manipulate the system and rig the system. It’s all done via computers, software, algorithms, artificial intelligence, and robots (mostly behind closed doors). Where does all this lead going forward?

All this leads to an integrated global financial world of virtual finance. Our internet is at the core of this new system. The positives of this system are temporary and real (more options for all of us). The negatives are more long-term as everyone becomes a slave to numbers, codes, algorithms, and the centralized administration of the system. Our central planners will determine our financial future (for good and for bad).

Today’s missive was intended to help educate us on the changes which have recently occurred. I have written many missives on the dangers of this virtual system for our freedoms. But for now all seems positive as most of us have benefited from all this computerization and growth in asset values. All this could change, however, as a virtual monetary system is subjective and its administration is centralized. Watch your financial Apps for changes in real-time daily. I will do likewise!

Have a great day! I am: https://kingdomecon.wordpress.com.

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November 24th, 2019

Posted In: Kingdom Economics

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