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March 13, 2020 | Economics 101: Wealth is Production, NOT Money Symbols, Mr. Powell! Resign!

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.

 

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Our criminal Fed and most Keynesian economists view money symbols ($$$$$) as our wealth.
 Our Fed pumps in $trillions of new counterfeit symbols to buy assets. Is any of this activity helping our economy longer-term? Is any of this activity in accordance with our justice/legal/constitutional principles? I don’t think so! Pumping in trillions of ‘imaginary’ money symbols ($1, $2, $5, $9,999,987,654,321) does not produce new production. The cart is before the horse. In reality, wealth is production (bread, butter, milk, meat, eggs, steel, lumber, oil, etc.). Money symbols are ‘imaginary’ units of nothing. Where is the ‘value’?

My investor friends at the clubhouse still think that the money symbols are key to their wealth. They all want our Fed to continue the counterfeiting (this is shameful) so their personal money symbols will increase. Is this economics or criminal activity by our Fed? In my judgment, we have a criminal Fed (central bank) which has no real understanding of economics or the moral principles which underlie economics. The goal of economics is to produce wealth (production of material goods). This is not happening as I write.

Our Fed is now trying to SAVE their ego with new injections of Funny Money (mere counterfeit money symbols) to prevent a crash. This will not work longer-term. At some point all this criminal activity will be discovered as more corruption within our economy. What we need today is not new ‘counterfeiting’ of money symbols, but a NEW ECONOMIC MODEL for the planet. All this criminal activity by all the central banks will NOT save our economy. It’s pure corruption 101. That is my view.

Reality will surface at some point and those with some wisdom will become our leaders. Fake leaders who use criminal activity to further the system for select elites will be rejected by the public (when awareness grows). It takes time for all this to happen. But my sense is that it will happen as events play out. We are now in the midst of a major economic calamity which will get worse and worse (over time). Criminal activity will eventually be recognized by the public and those who advance this criminal activity will be viewed as criminals.

Can I or you counterfeit trillions of money symbols for our friends or select clients? Can we type in money symbols into our computer accounts to increase our numbers (checkbook)? If I did this I would be viewed as a criminal and the authorities would usher me to jail immediately. But Jerome Powell and his staff can counterfeit $trillions of money symbols (called dollars) and provide new legal tender to select clients with no condemnation from our elites. All this is CORRUPTION 101 and in my mind a CRIMINAL activity 101.

What is happening today to pump-up select accounts for select Fed clients is criminal and corrupt to the core. Anyone with some understanding of morality or economic history should be able to discern this criminality. Jerome Powell should resign immediately from his position which is now becoming exponentially more criminal as each day passes. Counterfeiting money symbols for select clients is not an American moral value IMO. It’s pure criminality! Resign on March 18 during your next media exposure, Mr. Powell!

What kind of example does this activity provide for other economic decision-makers around the planet? Why shouldn’t every central bank on the planet start their own criminal counterfeiting operation? What kind of moral example is Jerome Powell and his group of criminals providing for the world system of economics? The entire system (globally) will follow the lead of this criminal (if this continues). Is a dollar that is virtual and created via counterfeiting part of our legal system (our Constitution)? What is a money symbol ($1) derived from the MIND of Jerome Powell?

How can counterfeiting of virtual money symbols be viewed as official LEGAL TENDER? Think! Creating virtual money symbols via the computer is counterfeiting, Mr. Powell. It is totally corrupt and criminal. Our entire FED system must be abolished (sooner the better). All the staff should resign immediately. Mr. Powell should resign on March 18 (the next FOMC meeting). None of the Fed operations are CONSTITUTIONAL or moral. That is my view of the situation. We have a CRIMINAL FED! Think for yourself. I am: https://kingdomecon.wordpress.com.

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March 13th, 2020

Posted In: Kingdom Economics

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