Did You Notice What happened on June 24???
I wager that none of the readers of this missive actually understand (or have internalized) what happened on June 24 (Friday), the day after BREXIT. Why? Because I have been teaching this concept called ‘VALUE’ for some 45 years and so far only a handful seem to understand this concept. What happened on June 24 was historic! Trillions in ‘Value’ (dollar value, Yen value, Euro value, Pound value) disappeared/vanished in minutes, hours, and within this one day! Value is equivalent to the ‘word’ MONEY (in today’s cyber world). Most of us now live in Cyberspace with our investments/savings/trading. Are you aware that this concept called ‘Value’ is at the core of economics and our global monetary system? What is ‘Value’ anyway? Why would ‘trillions’ in dollar/yen/euro/pound ‘Value’ vanish and disappear completely?
June 24 was when I witnessed trillions in VALUE vanishing from our global marketplace! Where did it go? Was it ‘conserved’ or was it merely my/your ‘fantasy’ which I witnessed?
What happened on June 24 was that our stock and currency markets declined in historic amounts (in numbers) and when added up (say in $$$) we can estimate that ‘trillions’ of VALUE disappeared/vanished! Let me ask you a simple question: What flashes across your MIND when I say the word ‘Value’? Think on this for a minute. What flashes across your Conscious MIND? I would suggest that ‘NOTHING’ flashes across your inner subjective conscious MIND. Why is this so? I would suggest that it is because this concept we call ‘Value’ does not EXIST. Think on this for a minute! What is ‘Value’ in reality? Is it a ‘thing’ which EXISTS? Is it ‘inherent’ in a ‘thing’ or ‘object’? Why or why not? If it exists, where is it? Can anyone on this planet ‘locate’ or ‘find’ it? I don’t think so! Look at your house and ask yourself, does this ‘thing’ have inherent VALUE? Why or Why not?
Our cyber currencies vanish and disappear when a stock market crash occurs! We now live within Cyberspace (mostly) with our savings, investments, trading, and monetary transactions.
VALUE needs to be understood in today’s markets because this concept is ‘foundational’ to all of economics and money. We ‘store’ value (we assume). We ‘exchange’ value (we assume). And we ‘trade’ value within our stock, bond, real estate, investment, and savings accounts. The core concept in ALL of economics and money centers around this concept that we call VALUE. Is ‘value’ conserved within our closed global monetary system? Conserved means that it remains within the system and merely changes ownership. Mass and energy are ‘conserved’ (mass/energy can not be created or destroyed within our global closed universe). But is ‘Value’ a ‘thing’ with mass and/or energy? Think on this for a minute! I would wager that ‘value’ is a non-thing which emerges from my/your thinking (the human MIND)! What does this mean? Why is ‘value’ within our subjective CONSCIOUSNESS? Why is it NOT conserved when a crash occurs?
The Nikkei Exchange flashes DOWN and this means trillions of ‘yen’ disappear from reality! Where did all these YEN go?
This concept called VALUE is totally subjective and has no existence within our material/physical universe (so say I)! That to me is obvious! Others may disagree! But if you disagree, provide some evidence that ‘value’ has mass/energy or that it exists as a physical ‘thing’. Physics is based upon mass/matter/energy. All material objects are composed of a substance consisting of mass/matter/energy. But is ‘Value’ an exception to this view of reality? I think so! Value, in reality, does not exist as a ‘thing’ or ‘object’. In reality, ‘value’ is NOTHING and NOWHERE! Value derives from our ‘metaphysical’/’spiritual’ subjective MIND. The concept is a ‘unit’ of my/your subjective consciousness! That seems obvious to me even though many may disagree with this assumption. Think on this for a minute! Is VALUE a non-thing?
Our trading markets are now mere ‘numbers’ within cyberspace (our extended consciousness)! These ‘numbers’ represent ‘VALUE’ and value is merely a subjective idea (fantasy) within our active consciousness! The concept has no existence within our material/physical universe!
The BREXIT was historical because it reveals that ‘value’ (money) can VANISH and DISAPPEAR from our material universe. Today, our money is also ‘nothing’ as it resides within cyberspace as units of ‘nothing’. In reality, our entire monetary system consists of currencies which are really ‘nothing’…but we trade these currencies (in real-time) as if they represent some ‘thing’ of VALUE. In reality, there is NO such THING as VALUE within our entire global trading system. Value, in reality, is a ‘faith’ based concept of our MINDS which actually disappears and vanishes when markets crash/collapse/decline. In reality, our entire monetary/trading system is now living mostly within this space called CYBERSPACE. Cyberspace is really just an ‘extension’ of my/your MIND! Think on this for a minute! What is ‘cyberspace’ and where is it?
The British ‘pound’ is now a cyber currency and it can vanish and disappear as markets crash! The same goes for the ‘dollar’, ‘yen’, ‘euro’, etc.
The ‘fantasy VALUE of this metal usually increases as other cyber currencies crash! The metal (called Au) does not change in composition or substance (mass/matter/energy) but its VALUE changes with emotion and subjective human psychology! Why?
This lady is enslaved with obligations derived from this concept called VALUE!
Fantasy is what derives from my/your imagination and today our entire monetary system is mostly FANTASY in motion. Few comprehend this ‘fantasy’ as they operate in the netherworld of cyberspace as if it is REAL. Most ASSUME that cyberspace is REAL. The computer screen is REAL to most traders and investors and this makes this FANTASY world of $$$ and YYY…’appear’ REAL to our conscious mind. But BREXIT did reveal to me (at least) that all this ‘fantasy’ value can crash into ‘nothingness’ at some point…in a future moment of now. June 24 revealed (to me) that trillions in $$$ value vanished and disappeared. At some point we should witness MORE ‘value’ vanishing from our markets. When ALL ‘value’ within our marketplaces (this fantasy within our profession called Economics) has disappeared into our human consciousness, then we can start over with a NEW SYSTEM. This might happen within my lifetime! Only God knows! Enjoy! I am: https://kingdomecon.wordpress.com.