Look all around yourself (NOW). Where is a digital dollar, a digital euro, a digital krona, or a digital 'whatever'? Where is this unit of currency located? Can you discover the location within our observable universe? I can't! Amazing! All this digital finance (now ubiquitous) is located within my/your MIND. What is the human MIND? Where is the 'mind' located? Does the 'mind' have any substance/matter to it?
The human MIND is not understood IMO by most pundits. The reality is that the human MIND lives within the non-physical world of spirit. There is no substance/matter to my/your 'consciousness' (which is the Source of all our thinking). My MIND and your MIND is part of our 'consciousness'. What is our 'consciousness'? I would suggest that it is the non-physical/non-material part of us. The INNER self!
Our INNER self is actually where all our digital currencies RESIDE (today). We call this space by the name, 'Cyberspace'. But what is 'Cyberspace' in reality? It's actually part of our extended 'consciousness'. Look at your Smart Phone screen and ask yourself...where is 'Cyberspace'? Is it within my observable universe? Is it out in observable SPACE? Where is this space which we call 'Cyberspace'?
One definition of 'cyberspace' is: Cyberspace is the virtual computer world which operates over a notional environment of computer networks.
Cyberspace is the space in which virtual information resides, the cable network through which that information is transmitted, plus the software which enables transmission. A synonym for 'Cyberspace' is Virtual Reality. What is a good definition of 'virtual'?
Virtual is a word which means: not physically existing as such but made by software to appear to do so. Software creates a 'virtual' environment' which we assume is equivalent to observable reality. But this is really a deception. A 'virtual' environment of 'dollars', 'euros', 'krona', 'pounds', etc. allows a human MIND to create these units (out-of-nothing). A Central Banker, like Jerome Powell, of our FED can merely THINK up cyber digits (call these units 'dollars') and then punch a computer key to create these units (of nothing) for the marketplace.
A Central Banker today can create 'trillions' of currency units by merely 'typing' NUMBERS (digits) into a computer ACCOUNT. Our FED's computer account is called the SOMA (System Open Market Account). As of today, some $8.8 trillion of cyber digits (called dollars) resides in this cyber space. How did these units get into this computer account? Jerome Powell and other Central Bankers create these VIRTUAL units from their MIND (their thinking). Is this legal or Constitutional? Do the citizens understand the nature of this counterfeiting operation within our FED?
This so-called DIGITAL money which our Central Banks create should not be called MONEY. These units should be called 'units created from the human MIND'. The 'units' are really NOTHING! There is 'no' substance (matter) within these units (called dollars, yen, pounds, krona, euros, lira, pesos, etc.). The units are derived from the INNER self of a Central Banker who has control over a Central Computer System. Is this diabolic or what?
A current example of money (digits) created from the computer can be called QE (quantitative easing). See the videos at the end of this missive for what happens when QE is created. Is QE created by the actions of a few insiders at the Central Bank? Is this legal tender according to our Constitution? Has our court system adjudicated the 'nature' of these digital units which our Central Bank creates?
Give this missive some attention as we could witness the CRASH of a lifetime when traders discover the REAL 'nature' of these currencies. As of today, FEW seem to understand what is happening in real-time within our economic markets. Finance is not understood. Money is not understood. Virtual reality is not understood. My sense is that most will reject all these financial gimmicks when they understand what is happening. That is my viewpoint. Have a great day!
I am: Donald B. Swenson, Economist/Philosopher, donaldswenson.blogspot.com and http://kingdomecon.wordpress.com.
Videos to watch:
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