Deception, Dollar, Cyber Currencies, Reality! Let’s think!
I witness huge deceptions within our economic/finance/commodity professions today! Speakers talk as if they are certain about their beliefs, but when evaluated in real-time (by me), many are actually deceived (and unaware of their deceptions). Let’s talk and think about some of these deceptions so we can discern why we now must question everyone’s presentations (especially the well-known speakers who act as the guru’s for each profession). The guru’s are those who are generally on TV, the media Internet videos, or on official Podcasts…and they act as if they are the Authorities on a particular issue. Guru’s often are assumed (by the masses) to KNOW what they are talking about! But do they?
A nice Guru and person! But full of deception with many of his ‘words’!
Let’s start with a simple concept and important word of finance: the ‘word’ Dollar! The $ is our American currency unit and this unit has been present as a meaningful concept since its founding in 1785. In 1785, our founding father, Thomas Jefferson (and maybe others) decided that this ‘name’ and/or unit of consciousness (word) would be chosen as our official currency unit. Prior to 1785 our thirteen States had a hodgepodge of various foreign and domestic pseudo currencies and monies which people used for their marketplace transactions. Barter was also prevalent within many of the economic neighborhoods.
A great person and philosopher on the issue of our ‘dollar’ and our historical ‘money!
The ‘name’ (Dollar), however, did not have an official definition in 1785 and this made it merely a ‘unit’ of consciousness (nothing). A concept from my/your MIND is what I call a ‘unit’ of consciousness! The unit, called ‘dollar’, was within one’s mind but not out in the marketplace as a ‘thing’ or ‘object’. When our Constitution was officially adopted and our first President chosen, than Alexander Hamilton (our first Secretary of the Treasury) and Thomas Jefferson (our first Secretary of State) presented our Congress with the initial plan for a new American currency system with all the subsidiary currency units.
The outcome of the new American currency system emerged as the Coinage Act of 1792…later our first official Mint was constructed and then our first Central Bank. Americans now had a currency unit (called the American ‘dollar’) with a specific definition based upon real market experiences of real people. The ‘name’ Dollar was officially defined…specifically as 371.25 grains of silver (Ag) and later 24.75 grains of gold (Au). The ratio between silver and gold (in the marketplace was 15:1 at that time). Notice what happened! Think about this ‘word’ which we call Dollar!
What is a Symbol without any grounding (a definition)? Where do symbols come from?
The ‘name’ Dollar (our unit of consciousness) could now be engraved upon a minted coin which has meaning and specificity. The ‘name’ Dollar could also be engraved upon an official paper note…and put into circulation as our paper currency note and legal tender unit. Americans now had both an official silver coin (engraved with the name ‘dollar’) and an official paper bank-note (engraved with the name ‘dollar’). Americans had a monetary system with meaning and specificity. This meant that we could now ‘value’ goods and services with this new currency/money system.
Notice some basic and simple realities. The ‘word’ Dollar starts out as merely a ‘unit’ of consciousness (within one’s mind in 1785) and then it gets ‘defined’ specifically and officially so that we all KNOW what it is and what meaning we can give to it (1792). Words do need definitions if they are to MEAN anything in the marketplace (for real meaningful transactions). This goes for our currency unit called the Dollar as well as for any other economic/finance/commodity activity. Words, without a definition, have merely rhetorical meaning which can be interpreted in numerous and sundry ways (subjectively). Deceptions emerge when we all think of different meanings for a simple word like ‘Dollar’!
Does the engraved ‘image’ have meaning for you? Who puts an ‘image’ on a paper note?
Now let’s fast forward to our marketplace today! What does this ‘word’ Dollar mean today? Do you know? Can you define the ‘word’ or ‘name’? Try to visualize and define this ‘word’ that we call Dollar! What is a $ with NO definition and which circulates as merely a cyber ‘digit’ within our computer screen? Nearly 96% of all monetary transactions are now done with a cyber ‘dollar’ which is electronically circulated. What is this ‘dollar’? Where is it? What is a ‘digit’ in cyberspace? How does this ‘digit’ get into cyberspace (our computer screen)? Think on this issue for now!
Yes, I still have a few paper FRN dollars in my billfold. I also carry one silver dollar in my billfold. But 95% of my monetary transactions are done with this unit called our ‘cyber dollar’. This digit resides within my computer screen and gets transferred from me to another counterparty via invisible frequencies (at near the speed of light). What is this unit which we all use and which we call the ‘cyber dollar’? Think on this! What is it? How does it get into this metaphysical space which we all call Cyberspace? Are you aware of what Cyberspace is? What is it? Where is it? Can you locate it?
What is cyberspace? Where is it? Is it physical or metaphysical? Inner or Outer?
My point is that we live with a DIFFERENT ‘dollar’ today and most of our expert guru’s seem unaware of this reality! They speak and communicate as if every $ is the same and means the same, yet if you discern the above history you should be able to discern that there are three different ‘dollars’ today. Each is different and each means something different. Each emerges into the marketplace differently. Two are composed of matter/substance (4% of monetary transactions) and one is composed of ‘consciousness’ and ‘extended consciousness’ (96% of all monetary transactions)! Can you identify all these unique differences? What is ‘matter’ and what is ‘mind’? See if you can differentiate between the two!
This guy started the ‘digitization’ of our dollar (also called QE by the media)!
To conclude: Are you aware that ALL of our cyber currencies today (dollar, euro, yen, pound, yuan, etc.) are units (digits) within our computer screens. The paper substitute of each is minimal compared to the electronic version. Nearly all trading today is electronic. All our stocks are within this virtual realm which we call cyberspace. This goes for bonds and almost all the other derivative instruments. Virtual objects have replaced the paper objects of old. Virtual currencies have replaced the metal and paper objects which we used to call ‘money’. We now live in a virtual environment called our global Internet. Think about what all this means! All our markets have changed! Even Open OutCry is gone!
This image is partly correct! Out of nothing is really ‘out of consciousness’! Thin air means the central bankers MIND! Paper notes are now CYBER digits!
How is Quantitative Easing (QE) created today? Who does it? How does our fractional reserve banking system create our credit today? Where do all the units called ‘digital/cyber’ currencies derive from? Who creates these units in the trillions? What does the word ‘metaphysical’ mean? What is the ‘mind’? Go back and think about what the word ‘dollar’ meant prior to its definition (in 1785)? What is a unit of consciousness with NO underlying substance? Is it composed of matter/substance or is it METAPHYSICAL! Think of this difference (physical vs. metaphysical). Deception is rampant among all our GURU’S today! Why? Enjoy! I am: https://kingdomecon.wordpress.com.
P.S. The price of silver is now down to $13.92/ounce. It was $48 in 2011 and our esteemed central planners have rigged this price with an ‘algorithm’ so as to control and bracket this precious metal. Who is this team called the Plunge Protection Team? Are they Americans working for our country? Are they using an ‘algorithm’ on our Globex electronic exchange to bracket and control this cyber price? Personally, I think so! Gold also has been removed from acting as a thermometer for our dangerous/volatile/corrupt markets! Steve Forbes is now talking on CNBC with his guru analysis. It’s mostly deception and lies IMO! Yet, I do like Steve as a person! He gets lots of media attention as one who KNOWS the markets!