Deception is rampant within economics! Why?
The issues within economics are most difficult to comprehend and this often leads to gross deceptions, confused presentations, and many misunderstandings. Let’s talk about a few of these deceptions which I have noticed within economics. My sense is that the core deception which leads to most of the other misunderstandings is a lack of understanding the NOW. Living in the Now (and thinking in the Now) is key to discerning what is happening IMO…and what is emerging down the road. The vast majority of pundits, however, do not live in the Present moment or the Now moment (with their thinking)! What I witness in talking with people is that most live with a mindset of Past/Future and this leads to deceptions when the Past/Future is not current reality! The NOW is reality (always) and few seem to discern this important concept!
Living in the Past (mentally) produces words like…“our Fed is continuing to ‘print’ more money”. This concept of the Past continues within the mentality of so many of our media experts as they talk about our economy. When I listen to most expert commentators (including some of the most well-known economists on this planet) they continue with words of the Past (prior history) when it comes to their realtime thinking. Printing money and the concept of a Paper Futures Market are words of the Past (prior to our electronic/computer age) and not reflective of what is happening in the NOW. The NOW is what is important!
Reality is always experienced as ‘successive moments of Now’!
Today, our markets are mostly electronic and within cyberspace. There is no ‘paper’ involved (only digits and text within our computer screens). Economics is now within our computer screens. Printing money is a concept of the Past which is no longer a relevant concept. The Paper Futures Market is also a concept of the Past (prior to our electronic markets). Yet, the mindset of most pundits continues with this Past mentality of a Paper Market…as being relevant for what is happening in the NOW. Today, Paper and the Open Outcry System of determining prices is gone (history). Today, we live with a silent bid/ask system which is all electronic and within cyberspace. The Paper Markets (printing, etc. is history)!
The above ‘tick’ chart reveals the electronic/virtual/cyber contracts which are now traded via computer trading! There is NO ‘paper’ market! Think ‘cyber’ or ‘electronic’ market!
Living in the Now moment is a reality for me and I would suggest that it is relevant for everyone. We all actually live and speak in the Now (always) but our inner voices (our thinking) is often focused upon what has happened in the PAST (a ‘now’ memory). The mindset of Past, Present, Future is really a deceptive mindset which leads to much confusion, deception, and misunderstandings. The idea of a Past or a Future is a misrepresentation of how we all live our lives. In reality, I/you, live our lives in the Now…and successive moments of Now (always). Within each NOW moment are ‘now memories’ of what has happened. These ‘Now Memories’ (which most call the Past) are not the same as that which is happening NOW…and within successive moments of Now! The mindset of many needs to CHANGE!
The ‘words’ above mislead and confuse. All spot prices are now set within cyberspace and our ‘prices’ are cyber prices! There are NO ‘paper’ markets left! Think in the NOW!
Living in the NOW is key to communicating with more clarity and accuracy. We need to get this idea of a PAST/FUTURE out of our awareness as being ‘real’. Who can live in the Past or the Future? Can anyone actually LIVE in a Past or a Future? I don’t think so! I can only live in the Now moment…and then successive moments of Now moments! Everyone on this planet actually LIVES in the Now moment continually but many seem unaware of this reality. I witness this mindset of a Past/Future when I visit with most everyone! Also, the establishment education system has reinforced these deceptive concepts which we call the PAST and the FUTURE (as if this is reality). Think about how I/you/we LIVE our lives!
Today’s marketplace consists of cyber currencies, cyber prices, cyberspace objects, virtual contracts, electronic trading, algorithms, robots, and Artificial Intelligence (AI).
Today, we live within a Cyberspace economic system (the Global Internet) where practically all documents, instruments, stocks, bonds, mortgages, currencies are circulating as ‘virtual’ images, text, and objects. Virtual documents are now being circulated/transferred/sold as our collateral and our assets. Virtual money has emerged with all our cyber currencies (dollar, yen, pound, euro, etc.) as our ‘money’. Trading, buying, selling, investing, saving is now within this new Cyberspace economic system. The PAST system of ‘paper’ and ‘snail’ mail is mostly over for everyone. Emailing, texting, AI, robots, algorithms and virtual experiences are our current NOW marketplace. The PAST system is OVER! Paper Markets are Over! We need a new mindset which focuses on the NOW and successive moments of NOW. Think about NOW as the core REALITY! Enjoy! I am: https://kingdomecon.wordpress.com.
P.S. A question for our legal experts: If the ‘paper’ dollar is mostly history (only 3% of all monetary transactions) and all currencies are now mostly cyber currencies (97%), have these new concepts been adjudicated in our Court system? For example: is our ‘dollar’ actually official ‘legal tender’ now that all PAPER notes are being eliminated from circulation? Legal Tender laws are based on a ‘paper’ currency as the instrument for settling all debts! Are virtual/cyber dollars (bits/digits) actually approved as ‘legal tender’ within our United States of America? My review suggests that our Court system needs to review this matter!
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