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February 17, 2020 | All Digital Currencies Today – Are Units of Consciousness! Imaginary!

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.

 

Today, we have some 8 – 10 global currencies which trade as ‘hard’ currencies and some 170
‘soft’ currencies which are recognized by the United Nations but do not qualify as currencies which can be traded freely for all goods and services. Then we also have some 4,000 cryptocurrencies which can be used for select purposes. But what is now different from prior periods of monetary history is that most currencies now trade as ‘digital’ units. What is a digital unit and why is this important to understand? Let’s think on this issue for this missive.

There are three concepts which we now need to comprehend to understand currency values, financial flows, and currency creation/destruction. The three concepts are: consciousness, units of consciousness, and extended consciousness. Let’s briefly define each of these concepts for a better understanding of today’s financial marketplace.

1. Consciousness: that which derives from one’s mind (the inner world of thinking) and which activates my/your brain neurons and synapses. Consciousness is non-physical and has no relationship to matter/energy (that which we all witness outside our mind) and within space/time. Consciousness is fundamental to thinking, naming, and symbol creation. Words and mental symbols derive from our consciousness. Today, digital money derives from consciousness.

2. Units of Consciousness: the obvious units of consciousness are ‘words’ which exit our mouth when spoken. Words derive from my/your mind/consciousness and then activate brain neurons and transmitters prior to exiting our mouth. Also, symbols, names, numbers ($1.00, etc.) derive from our consciousness. Currency units ($1.00) consist of symbols, numbers, and then a specific symbol/number is given a ‘name’ (like dollar, euro, yen, pound, franc, yuan, peso, krona, etc.). Today, we live with more than 100 currency units (globally) which trade internationally within our digital/cyber financial markets. Trading is digital and happens within a computer screen (cyberspace).

3. Extended Consciousness:
 the space where our currency units flow from computer to computer is called cyberspace. Cyberspace is part of my/your ‘extended’ consciousness. I look at my smart phone screen and watch the flow of digital money as it flows from computer to computer. This can be witnessed by watching a ‘tick’ chart in real-time. The flow of money goes up/down and the numbers revealed within a ‘tick’ chart provide understanding on issues of money flow, prices, and trends. The American dollar is now traded as a ‘digital’ currency which means that it trades within cyberspace (our extended consciousness).

All digital currencies (including cryptocurrencies) trade within cyberspace (our extended consciousness). All this has evolved mostly since the financial crisis of 2008. Our world is now mostly digital and all these currencies which used to be physical (paper notes and such) are now mere symbols/numbers within cyberspace. Today, I can watch the flow of money and prices by watching a ‘tick’ chart in real-time. An example of a real-time tick chart is here:

https://www.kitco.com/charts/interactive-charts/?utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_chdata&utm_campaign=iCharts

Here is a tick chart on prices of silver in real-time:

https://www.kitco.com/charts/livesilver.html

All currencies can now be followed within a computer screen and watched as algorithms drive select prices (of nearly any commodity) within a real-time environment. My smart phone can trade nearly any asset/commodity which lives within our digital environment. Digital trading, investing, and exchange is all done within my ‘extended’ consciousness (cyberspace). I do not trade anything physical today as practically all trading is done within my consciousness and my extended consciousness (my computer screen represents this world of my extended consciousness).

Today, prices are generated digitally and via programmed algorithms. All this happens within my ‘extended’ consciousness (cyberspace). I think and grow rich (is the mantra today). I can purchase digital assets of all types (stocks, bonds, mortgages, interest rate derivatives, silver ETF’s, futures contracts, gold, silver, and more (all via my computer and via symbols/numbers which live within my extended consciousness…my cyberspace screen). I live within virtual reality which is another area of my inner self (my consciousness). To understand today’s financial marketplace I need to understand consciousness, units of consciousness, and extended consciousness.

The reason we all buy/sell/trade/invest/save within our consciousness is because we live with currencies which are ‘tied’ to nothing. A dollar, euro, yen which is ‘tied’ to nothing is actually part of my/your inner self (our consciousness). See my prior missive. There is no outer thing which we use to trade with today when our markets are nearly all digital. Our world is heading for a cashless society of inner digits which have no OUTER reality. A dollar ($1.00) which is created by banking elites (from their thinking) represents this new world of consciousness.

A computer world of symbols/numbers (our money and prices) which flows within cyberspace represent this new world of our extended consciousness. It’s now important to understand what has evolved in recent years. Our financial world has gone digital and our currencies are now digital. There is no paper or metal involved for most buying/selling/trading. All is done within our consciousness and our extended consciousness. Amazing. It is time to understand what has evolved. To deal with this new environment we need to comprehend these three concepts: Consciousness, units of consciousness, and extended consciousness. This missive is merely my introduction. More will follow. Have a great day!

I am: https://kingdomecon.wordpress.com.

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February 17th, 2020

Posted In: Kingdom Economics

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