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March 5, 2020 | Is the U.S. Dollar ($1) as GOOD as GOLD (AU)? Let’s Think!

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:

Many of my investor friends at the club house view the U.S. dollar as better than gold.
 They say that gold offers no growth and pays no interest rate. So few of my investor friends have invested any of their savings in gold. Is this a wise decision for the coming years? I would suggest, NO. Let’s review what are some details about the dollar ($1) and this physical metal called gold (AU) to discern the situation:

1. Gold is a physical metal which derives from our land. We mine gold. It has a symbol (AU) and it exists in real-time as a ‘thing’. Gold was money for most of our history. Gold was money and a currency until 1971 (for all foreigners). Gold, for Americans, was not official from 1934 – 1974). On August 15, 1971, President Nixon was advised that our gold supply was disappearing at a record rate. Foreign banks were the culprit.

Our supply in 1945 was around 740 million ounces and our supply in 1971 was down to around 272 million ounces. This decline forced Mr. Nixon to close the gold window and gradually over the years gold has been discouraged as being money and a currency for Americans. Today (1975 forward), gold trades as a commodity (for Americans) and it has no official role within our international system of commerce (as a currency). Essentially, gold has been demonetized for Americans (and most of the world) but it still has some credibility as a ‘store of value’ for a small body of investors.

Does America have any gold at Fort Knox (today)? Some say this historical gold has been sold and/or transferred to foreigners. America could be living with a naked dollar (no psychological backing) as our only option going forward. Is this good or bad? The American dollar is now mostly a digital unit (virtual). It trades as a mental abstraction. This means it trades as a virtual unit of account within our computer screens (cyberspace). The dollar has no ‘tie’ to gold or any physical ‘thing’ within our periodic table of elements.

Today, our dollar, is a pure unit of ‘consciousness’ (also called a mental abstraction). The symbol ($1) is what we trade, save, and use for all our transactions. Paper and coin money has mostly disappeared. This symbol ($1) is really ‘nothing’ and it is created ‘out-of-nothing’ (human consciousness). Mere mental symbols ($$$$$) are ‘typed’ into cyberspace and these ‘symbols’ act as our money and currency (95% of transactions). This is not a stable situation going forward IMO. Have you noticed the volatility in our stock markets lately? This is due to our trading an ‘imaginary’ symbol ($$$$$) as our money and currency. Is this equal and/or superior to gold going forward?

I would suggest that gold has one more role to play prior to a complete RESET of the global system. Investors will abandon this ‘imaginary’ dollar symbol ($1) when they realize that it has no substance or stability. As of today, most investors view the dollar ($1) as a physical ‘thing’. They see the symbol in their investment accounts and assume that it exists in real-time. This deception is what gives the dollar ($1) its credibility among my investor friends. They ‘assume’ that this ‘symbol’ will last for their lifetime. A mental abstraction (to them) is a physical ‘thing’. What deception!

Yet, deception works in the marketplace if people ‘THINK’ that the dollar ($1) exists and is stable. Why buy gold when the dollar is promoted as a ‘REAL’ thing which exists by our authorities. In reality, the dollar ($1) is a spiritual symbol and it does not ‘exist’ in real-time. It is ‘nothing’ and has no ‘location’ within our space/time universe. But since investors and the public THINK it ‘exists’ it works as a currency and as money (for now). My sense is that this deception will start to vanish as time continues. Why? Because, in reality, the dollar is a ‘mental abstraction’ and/or a metaphysical creation. Reality prevails, ultimately!

Our dollar is ‘typed’ into reality by policymakers who manipulate our financial system (behind closed doors). Are you aware that our central banks merely ‘type’ new dollars into the computer screen (arbitrarily)? Are you aware that QE is a form of ‘official’ counterfeiting of our dollar? Where do these dollar symbols come from? Who is ‘typing’ these number symbols into the computer screen (arbitrarily)? Could it be an AGENT of the FED? An agent of our Treasury Department? Who has the authority to CREATE ‘imaginary’ currency from their ‘consciousness’? Think on this to discern today’s reality!

If I had authority to create dollar symbols ($1, $2, $3, $100) from my consciousness, I could email each of you MILLIONS or BILLIONS of units via the internet. I would just TYPE a number (say $1,000,000) and send it to you as official money for your transactions. Is this what our FED does for their clients? I think so! They have NO MONEY of their own. They have no paper notes to type into their computer. They merely type money symbols ($1,000,000,000, etc.) into their SOMA account and then they spend these symbols for their policy purposes. Is this legal and valid? I don’t think so!

It’s total corruption and criminal behavior at the HIGHEST level. But the Fed is INDEPENDENT (they maintain). The Fed reports to no-one for their daily operations. They report to themselves. This is what INDEPENDENT means. Congress is not aware of what they do. The American investors are not aware of what they do. The voting public is not aware of what they do. You, the reader of this missive, is probably unaware of this reality. The system works because most everyone is DECEIVED and/or compliant. People THINK that these money symbols are REAL ‘things’. In reality, they are inner ‘units’ of consciousness (nothing/imaginary/virtual/spiritual).

We live with a PONZI financial system which FEW comprehend. Our Fed leader, Mr. Jerome Powell, probably does not comprehend what he is doing. His staff probably does not desire to understand. All this deception allows the PONZI system to work (temporarily). But all this Ponzi finance will END at some point. The game must revert to reality (eventually). That is my premise. Reality will prevail when the CRASH in these markets becomes severe. Until THEN, keep smiling and do what seems logical. I will do likewise. I have no choice in the matter. Have a great day! I am:

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March 5th, 2020

Posted In: Kingdom Economics

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