I asked my 80 year old friends at the clubhouse to define a 'digital' dollar? What is this unit of currency called the 'digital' dollar? Is it a 'thing' which exists in space/time? Is it a 'physical' unit (identical with a 'paper' dollar)? Is it composed of this substance called 'matter'? Let's think and identify what this 'unit' is in reality! It's key to understanding why our financial markets are impossible to predict (yet totally corrupt)!
As a teacher on issues of money for over 50 years, I understand the real nature of money (my perception). Money has always been some item from nature (composed of matter). Thomas Jefferson originally chose America's first unit of currency (called the dollar). This happened around 1785. Thomas recognized that the 'symbol' $$$$$$ was not viable as money as it is a mental symbol (a unit of our Mind). So Thomas defined our 'dollar' in terms of matter. He used a silver PESO as his reference point for defining our original $.
The original definition was: 371.25 grains of silver. Silver is an element of nature. The symbol is Ag. It is composed of 'matter'. So defining our 'dollar' in terms of silver produced a monetary psychology that worked for hundreds of years. People thought that our dollar was a 'physical' thing as we could argue that the 'nature' of money was physical. Silver was physical and later paper (the currency unit) was physical. Do you discern the mindset which originally established this currency called the 'dollar'?
All this changed, however, in 2008 (and after) as our 'digital' dollar emerged in our marketplace. Today, some 95% of all money transactions are 'digital' transactions. Is it time to understand the 'nature' of a 'digital' dollar? When I asked my 80 year old friends (some were bankers/accountants/money men during their careers), they say mostly that THEY do not KNOW what a 'digital' dollar is (in reality). They hesitate and seemed confused! Their eyes get glassy? Why?
If we are to understand our markets today, I propose that we need to understand the 'nature' of a 'digital' unit of money. All our global currencies are now (mostly) digital units. These units live in 'cyberspace' and they travel from computer screen to computer screen at the speed of light. Photons send these units (mere numbers/symbols) from a bank computer to my computer to your computer. All my money is now (mostly) digital symbols. Think of 'digital' symbols as $$$$$$$$$$$$$$$$$$$ (or 112233445566778899).
I would propose that most of our markets are NOW derivations which derive from money symbols living within 'cyberspace'. Our prices are cyber prices. Our values are cyber values. Our stock markets are expressed as cyber values/prices. We live with 'digital' finance which derives from our inner self (the human Mind). Are these cyber symbols REAL? Are they units which LAST? Are they representative of real valid valuations? What the heck are these units...and could they BE 'imaginary' (units of nothing)?
My sense as a teacher of monetary history is that today's MONEY is pure deception within the human MIND. The units are 'imaginary' and they can all DISAPPEAR in nano-seconds. Disappear means that they have no SUBSTANCE to them (no 'matter'). These units of nothing are created by the human MIND (by our banksters) and they circulate as 'invisible' photons of light from computer to computer. The units are really mere 'NUMBERS' of the human MIND. In reality they have NO tangible existence.
What does all this mean going forward? My sense is that this means that our 'digital' markets could CRASH to nothingness in a matter of seconds or minutes. As I write our American politicians are adding more spending to our markets (some 1.7 trillion). In the past decade multiple TRILLIONS (of mere 'numbers') have been added to our digital computer accounts. All these 'NUMBERS' are units of my/your 'imagination'. They are really NOTHING. This means they can CRASH to nothingness in a matter of seconds/minutes. Amazing deception is happening within our markets and FEW comprehend!
We are living in the END days of man's rule IMO. Finance will END the game of commerce as we move forward into 2023 (and beyond). A sudden event within our digital stock markets could produce this sudden event (CRASH) in a matter of seconds/minutes. The CRASH of a lifetime will then happen (and it will be global). Mere mental money 'numbers/symbols' will CRASH to nothingness in a moments notice. All could happen in 2023 as the distortions within out markets are growing exponentially. Few seem to comprehend today's FINANCE. Few are prepared and few own a physical money substitute (silver/gold coins).
What is a 'digital' dollar? It's a unit of my 'imagination'. It's a unit in 'cyberspace' which disappears completely when the computer 'delete' key is punched. All these imaginary/cyber units will DISAPPEAR when this event happens. It is bound to happen at some point going forward. The precise time/date is impossible to predict. The event is preordained, however, to happen IMO. The NATURE of money is our problem. Can other teachers on issues of money discern these realities? FEW discern...is my perception.
Money is a subject which produces 'glassy' eyes when discussed. What is a 'digital' dollar is unknown to my 80 year old friends at the clubhouse. Why not ask your friends to DEFINE this item for YOU? Ask them to define a digital/cyber unit of currency. Where is this 'unit' located (in reality)? Your currency is NOW digital also. The world financial system is going 'digital'. Imaginary money is ubiquitous today. Everyone uses these units and FEW to NONE understand the NATURE of these units. AMAZING ignorance IMO. Think for yourself to DISCERN!
I am: Donald B. Swenson, Economist/Philosopher, donaldswenson.blogspot.com. Also, http://kingdomecon.wordpress.com.
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