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Mr. Powell’s Philosophy Revealed Today!

June 13, 2018

 

Jerome Powell is our Chairman of the Fed and the main spokesperson for our economy. In today’s press conference he revealed his basic philosophy. Mr. Powell views our economy as ‘very strong’ and stable. His goals will be to gradually increase the fed funds rate so that a neutral rate structure emerges. He believes that inflation must remain at precisely 2% and unemployment must be the key focus of policy decisions.

 

The Fed will continue to reduce their balance sheet and he sees no change in this policy going forward. Mr. Powell is not concerned about Mr. Trump’s trade policies as this is not an issue which the Fed is responsible for addressing. His view is that the Fed will change their monetary policy based on real-time market conditions and if these conditions weaken then the Fed may change their view on what needs to be done. But, for now, the American and world economy is ‘very strong’ and this trend is likely to continue (so says Mr. Powell).

 

Our digital/electronic markets are not a philosophical issue (so it seems) in the policy considerations of our Fed Chairman. My sense is that he views money as a stable thing which exists and which does not vanish or disappear. His view of reality is much different from mine. I view our digital money as inner and subjective. Conditions can change, instantaneously, with the emotions of traders. The Fed can not control that which is inner. Today, we live with ‘inner’ money and this is a major change from our historical monetary system.

 

Approximately 95% of money transactions are now digital/electronic/inner. This means that only some 5% of money transactions involve cash (paper notes and metal coins). Digital money is ‘virtual’ in that it has no substance to it. I think of digital money as a unit of my consciousness…not a thing which is observable and outer. Mr. Powell, I sense, does not agree with this view of reality. He views our $1 as stable and a substance which exists within his outer reality. I would view this philosophy as an economic deception.

 

When I think of the electronic stock market over in Venezuela (called the Caracas General) I think of a market which crashed completely in 2017 and where the money digits vanished with this crash. The market declined 99.9% within seconds (minutes) and this reveals that digital/electronic money is without any substance. The ‘value’ of this market vanished and disappeared within the computer screens. This electronic market reached the lofty level of 558,102.62 in 2017 and then crashed to 518.06. What does this reveal? What happened to the money?

 

A crash of mere digital ‘numbers’ (called money) is what this revealed to me. Digital numbers are ‘inner’ units (of consciousness) not outer units which can be observed and controlled. This inner electronic market was restarted after the crash and it is currently at 44,258.88 (as I write). Over the past year this is an increase of 3,403.88%. In just the past three months this market has increased some 630.41%. Is this representative of money with substance? Why does ‘value’ disappear and vanish when electronic markets crash? What are these units which we all call ‘money’?

 

What Mr. Powell does not seem to comprehend is that our markets are now digital/electronic and that these digits reside within our consciousness. There is no OUTER reality to our digital money (the numbers). This means that all our money consists of subjective units (of emotion) which can vanish and disappear when confidence drops sufficiently. This is what happened over in Venezuela in 2017 and this same result will happen to all the other electronic markets when confidence drops sufficiently. We have some 65 global electronic markets.

 

Today, we live with ‘inner’ markets mostly. Inner markets live within my/your consciousness (cyberspace) and this realm of reality is subjective. There is no stability or permanence to this cyber financial marketplace. Mr. Powell, evidently, is not aware of this reality and he probably thinks that our money system is objective/stable/permanent. My evidence is Venezuela and what recently happened with this Caracas General electronic market. The market crashed to near zero. Electronic markets are what we live with today (all around our planet).

 

All our electronic markets are interconnected and when a MAJOR market crashes (say Japan) then all markets will be affected instantaneously. Cyber money will trade with a downside emotion and this will lead to a cyber crash within seconds. Computers operate at near the speed of light today. The click of a computer ‘sell’ key can start the avalanche of selling globally. All this is much beyond the ability of Mr. Powell to stop. His philosophical view of reality would need to change so as to deal with this event.

 

For today and for the immediate future (next couple of months) we could witness stability in our cyber markets. Confidence is strong as I write. But subjective emotions can change at any moment and this would change our electronic markets immediately. The key to understand is that our markets now live in this ‘inner’ space called cyberspace. Cyberspace is a virtual environment (within our extended consciousness) which responds to our inner emotions. Think of today’s financial markets as ‘subjective’ and ‘inner’. All is calm as I write. I am: https://kingdomecon.wordpress.com.

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