Cyber Money: totally worthless when confidence crashes!
Today, our Nation States settle their balance of trade issues with cyber currencies. All Nations on this planet now settle trade balances with these bit-currencies which are created ‘out-of-nothing’. These units (called money) are really worthless when our markets collapse and when confidence declines significantly. The dollar is now a cyber currency. The euro, yen, pound, rouble, krona, franc, peso, dong, rial, shekel, etc. (some 168 currencies) are now mostly cyber currencies. These currencies work temporarily (but inefficiently) as long as confidence in our markets and our Central Bank administrators is high and growing. As long as general inflation and confidence continues, these cyber/digital units tend to work. But what happens when our markets crash and confidence wanes and also crashes?
Capitalism is based on Value for Value transactions! America does not follow this logic!
Our balance of trade deficits continue into 2015 with no improvement! Why this injustice? Why no Value for Value? Can America continue to give ‘nothing’ for ‘something’ forever?
Historically, balance of trade issues were settled with a currency that was tangible and which was outside one’s consciousness. Gold was a logical money in which to settle trade balances. Silver was a logical money in which to settle trade balances. Paper notes (backed by silver or gold) were logical units in which to settle trade balances. But today our elite Central Bank Planners (and their proxies) have created a new currency which circulates totally within Cyberspace. These currencies are now ubiquitous globally and every country/nation now uses these cyber units for settling their balance of trade issues (as well as all other payment issues). But what specifically are these Cyber Currency Units?
The paper dollar has been replaced with one’s and zero’s (bits/bytes) circulating in cyberspace! Cyber money is what we now use globally? Cyber money has no substance, no existence is space/time, and emerges from the mind (consciousness)!
The best example of a cyber currency is the American Dollar ($1.00). This unit is now legal tender for all goods and services in the USA and most of the World. This unit circulates within Cyberspace. Prices of most goods and services emerge from exchanging these cyber dollar units… as representations of value between seller and buyer. China sells us goods and products which we display and sell in our retail stores. In exchange America increases the computer account for China with the dollar price due. This payment is made with a cyber currency (now circulating totally within cyberspace). Cyber money has become the medium of account for all bookkeeping issues.
Would Ben Franklin approve of cyber money? He invented the paper Continental dollar! I doubt it!
In other words, we pay China with a unit which we can create ‘out-of-nothing’ via the computer. The cyber dollar enjoys a reserve status which few countries can match. At the end of the year, China’s computer trading account grows in numbers from our purchases (imports) and their exports. But is this a value for value exchange? Let’s think about these cyber units which we transfer to China via a computer entry. What are they (in reality)? Do these units actually contain any tangible value? Do these units exist within our space/time universe? How do we generally pay for the imports which we receive from China, Japan, Germany, Vietnam, South Korea, etc.? How do we settle our balance of trade with other countries? Is the system fair and just?
What happens to our Cyber Money when our markets crash? Or when our Central Bank computer has crashed? Or when cyber hackers shut down the bank computer account?
Take a look at this website which reveals our trade deficits since 1976. America has been running a year over year trade deficit now for some 40 years: http://www.tradingeconomics.com/united-states/balance-of-trade. The cumulative deficit is $8.9 trillion since 1985 and over $12 trillion total since 1950. Are Americans living beyond their means? I think this is obvious! Our cyber dollar (the Reserve Currency for the planet) allows us to create our exchange Value ‘out-of-nothing’ and from ‘nothing! Who understands this corruption within economics? Our politicians ignore this issue. The American voters are not aware of this issue! Few desire to talk about this issue!
China’s cyber dollar reserves now exceed $3 trillion. Will they desire to buy American real estate or do they want gold? Does America even have any gold in their storage vaults? Has it been sold into the global markets?
Why can America get away with this farce, bogus settlement, and corrupt economic behavior? We can because we mandate that other countries accept our cyber dollar (now a bit currency within the computer screen) as settlement for our excessive consumption. This has been going on since 1973 (after Nixon closed the gold window). We create our cyber dollar from the MIND of our Central Planners (the Federal Reserve Banking System). This unit of consciousness is now created from the consciousness of our Central Bank (out-of-nothing) and used to settle balance of trade accounting issues. There is no VALUE for VALUE as our cyber unit is a totally bogus (imaginary) unit!
Is this reality today? What is QE all about? How do Central Bankers create our money?
This activity is totally corrupt and unjust when I think about the concept of Value for Value. Trade is supposed to be settled on a Value for Value exchange where the books are balanced each year! America has consumed some $12 trillion of excess goods from other nations (since 1950) and not settled fairly with any of these countries. We have not returned Value for Value. Currently our trade deficit (for 2015) is running in excess of $450 billion. Our June deficit was some $43 billion. In June, imports increased 1.2 percent to $232.4 billion (exports were $188.7 billion). Imports of food and automobiles were the highest on record. Imports of goods increased $2.7 billion to $191.1 billion. Consumer goods increased $1.7 billion. Pharmaceutical preparations increased $1.3 billion. Industrial supplies and materials increased $1.2 billion. Crude oil increased $0.9 billion.
The BRICS now have their own international bank. Will this improve international trade accounts?
Why are China, Russia, Iran, Brazil, India, and a host of other countries recognizing that the Game of International Trade is unfair, unjust, and corrupt? There is no VALUE for VALUE given by America. America merely creates bogus cyber dollars and mandates that all other countries on this planet accept these units of our consciousness (units of the mind). Cyber units are nothing but bits/bytes (one’s and zero’s) in the computer screen. They are units of our ‘extended’ consciousness and created OUT-OF-NOTHING. There is no VALUE for VALUE given! This is totally corrupt and morally unjust! Think about what your nation (called America) is doing? Wake-up!
The above transaction is a Value for Value exchange! Capitalism was based upon this concept! Today, balance of trade accounting is via cyber/digital/imaginary bit-units. What happens after a serious crash when these bit-currencies vanish into money heaven? They have no existence in space/time!
Our economic profession totally ignores the unfairness and corruption which America has foisted upon the economic world. Cyber money is corrupt money as it is worthless (as a unit). It is a non-thing and does not even EXIST within our greater space/time universe. There is no substance to this unit. It is created from the consciousness of Central Bankers via the punch of a computer key. It then circulates as bits/bytes within our computer screens. We owe the world some $12 trillion to settle our past balance of trade imbalances. Do we have $12 trillion of GOLD to settle? No! Do we have ANY gold in our storage vaults? Where is it? Has there been an AUDIT? Does anyone care?
Is this the reality today? Where is America’s gold? Can America exchange VALUE for VALUE (going forward)?
Let’s face reality and recognize that America is totally bankrupt (financially and morally). We can not settle our obligations now or in the future with any real exchange of VALUE. Cyber money is not viable much longer. As our counterparties wake-up to America’s Ponzi Scheme, they will revolt. This is now starting. The markets will eventually crash from all these bogus cyber currencies. I witness the beginning of this crash now. When confidence crashes the game is over for America. Our Central Planners are suppressing the prices of gold and silver to deceive the public and our trading partners so as to promote their CYBER dollar. The game is nothing but corruption! Is it time to WAKE-UP? Think and learn! I am: https://kingdomecon.wordpress.com.