November 21, 2019 | Fed’s ‘Money Button’ Identical to All Central Banks! Why?

Since 2008 our central banks have operated via a computer (electronic) system for creating our official money (currencies). Money today is mostly ‘virtual’ (90%) as mere cardinal numbers act as our official legal tender. The American dollar is now a virtual unit (a number). It emerges from pressing a computer key which types numbers into a computer account. The ‘numbers’ emerge as our official legal tender for distribution to the marketplace (mostly a few wealthy institutions). This new monetary situation has emerged mostly since the financial crisis of 2008.

The paper dollar and the coin dollar has mostly vanished and the ‘virtual’ dollar has become standard for commerce. Most people think of this ‘virtual’ unit as a ‘digital’ unit. Digital money is what I now have within all my personal accounts (my computer accounts). My savings, checking, investments are all living within cyberspace (my computer screen accounts). I bank mostly at Wells Fargo and their computers store my virtual numbers which I call my money. This is similar to what everyone now experiences as our markets are now computer driven and electronic signals send money from me to my bank at near the speed of light.

All central banks create our virtual currencies in a similar manner as our Fed (America’s central bank). The process is called an electronic ‘money button’ (see above image). Some call the process QE and others call the process official counterfeiting of a currency. The point is that money (a currency) emerges from punching keys on a computer keyboard. There is no physical money (or any physical gold) within our central banks today. Money has become ‘virtual’ and these virtual numbers are distributed from computer to computer. This has changed all our markets (mostly since 2008) and favored those with existing wealth (the 1%).

So what is ‘virtual’ money (in reality)? The word ‘virtual’ means that the currencies being created do not technically ‘exist’ as a ‘thing’. A virtual currency can be defined as: a unit (a number) created by software and then made to ‘appear’ as being a real thing. The number (created) ‘appears’ within a computer screen and this gives the unit the illusion of being a real thing (which exists). In reality, the unit does not physically exist. It is virtual and/or mental and/or within our consciousness. Our money today is mostly within our inner self (called our consciousness). Who understands?

Let’s type some numbers for understanding. The American dollar is now this symbol ($1.00). The Japanese yen is this symbol (Y1.00). The Swedish krona is this symbol (SEK1.00). Mere mental abstractions (symbols) are now our official money for most transactions on our planet (say 90%+). Some paper and coin money still exists for various markets. But the overwhelming majority of markets now live with ‘virtual’ money (living in cyberspace/our computer screen). Virtual reality is now a reality that we all need to understand.

The changes within our global monetary system (mostly since 2008) have favored the rich over the common man. The wealthy can borrow and expand their enterprise (with little resistance) while the consumer is limited to their virtual pay check received from an employer. As banks favor the wealthy who they think will repay their loans, this grows monetary wealth for the select few (mostly the 1%). Jeff Bezos of Amazon, for example, can borrow and expand with no resistance from our lenders. His net worth is now over $110 billion. Billionaires are now the favor class within economics.

What has happened since 2008 is that our billionaires are growing their wealth exponentially while the masses of common persons are growing their wealth arithmetically (and/or not at all). Banks favor the wealthy and this temporarily grows our economy but it also gradually increases debt for the general consumer. As I write, consumer credit card debt is over $1 trillion. Student loan debt exceeds $1.5 trillion. The wealthy, however, buy stocks and ride the manipulated stock market up into the stratosphere. The Dow has gone mostly UP and UP since 2009.

http://www.usdebtclock.org

All the stock markets can be manipulated upward with trading strategies controlled by our central banks and select commercial banks (like JP Morgan Chase). These huge financial entities control the majority of all wealth on our planet and they receive FAVOR from our banking establishments. This promotes a marketplace of wealth disparity for the general citizen (consumer). Ms. Elizabeth Warren, Bernie Sanders, and a host of democrats (running for office in 2020) now propose a wealth tax as they witness this disparity. The rich get richer and the common man gets enslaved with debt.

Our system is now run by a few banksters operating behind closed doors in the major cities on our planet. The Bank of Japan, for example, has used their ‘money button’ to create trillions of yen for their central bank balance sheet. Mr. Kuroda can use his ‘money button’ whenever he chooses (to buy equities and government assets) and few comprehend what he is doing (behind his closed doors). Mr. Draghi did similar for years. Today, Mr. Powell, is using our Fed ‘money button’ to create $trillions for this Repo Market situation. He has also started a new QE counterfeiting operation of some $60 billion per month.

All this money (it’s really fake ‘virtual’ money) gets distributed to the few who have connections and special favor with our central bank and our huge commercial banks (such as JP Morgan Chase, Goldman Sachs, Citi Bank, Bank of America, etc.). The wealthy get more wealthy and the 99% who live as employee’s must add to their existing debt to survive. It’s totally diabolical and corrupt. The SYSTEM is our problem and it will not change until the voting citizens desire change. This could take some time as people do not understand money, reality, or how the system works.

Watch the markets as our Fed continues with their ‘money button’ manipulations (now daily). Mr. Trump and his monetary administrators (the Fed governors and our Treasury Secretary) seem to desire more of this wealth disparity (for now) as it could favor his plan to win the 2020 election. The economy is key to Mr. Trump’s reelection bid. He has stated that he desires more official QE (counterfeiting of the dollar) and lower interest rates for the markets. This policy could help with his plan to serve a 2nd term as our President. It’s the economy, stupid, is the mantra of a politician.

Wake up to what has happened to our monetary SYSTEM. We now live with ‘virtual’ currencies, ‘virtual’ stocks, and ‘virtual’ assets (all action is within cyberspace/our computer screen). Read this newsletter for daily updates on what is happening within our Fed controlled markets:  https://wallstreetonparade.com/. Russ and Pam Martens do a great job in exposing the corruption within our central bank and their proxies. Another great site for details on our corrupt markets is:  http://www.kingworldnews.com.

Have a great day and I hope that every reader of this missive will grow in wisdom and understanding. I am: https://kingdomecon.wordpress.com.

Don Swenson November 21st, 2019

Posted In: Kingdom Economics

Next: Putin Predicts Collapse of US Dollar »