The history of money reveals that money is invented by humans to solve a problem of trade. Private property produces production and production produces trade. Exchange (trade) of production produces this inner concept called ‘value’ and then this inner concept of value leads to the invention of ‘money’. Money derives from our ‘inner’ being and then it becomes ‘outer’. Let’s explore this difference further for full understanding.
As a human being I live within my consciousness (spirit) and my consciousness (spirit) lives within a body/brain. This reality was developed way back around 420 B.C. with Socrates and developed as a philosophy with Plato and thinkers who followed him. Basically, the view centers on the idea that my ‘mind’ is distinct from my ‘body’. Ideas or forms are living within the human ‘mind’ and these forms then get created into objects or things.
Money is an idea or form (of my/your ‘mind’) which we can call an ‘invention’ of the mind after it becomes developed. America started mostly with the people who emigrated from Europe and started a new life and system here in America. The start of America can be considered to be in 1607 and 1620. Jamestown and Plymouth Rock witnessed the beginning of America as we know it. These founders promoted a philosophy which grew into what we today call Capitalism.
The core foundation of Capitalism is this ‘thing’ called money. For Americans, money emerged from a legal system called ownership and/or private property. This led to production of goods by private citizens and then to exchange of these goods within a private marketplace. Exchange led to this inner concept called ‘value in exchange’ (value) and then to this ‘outer’ thing called ‘money’. Outer money became our proxy for this inner concept called ‘value in exchange’.
Over time private people in our marketplaces chose their proxies for ‘value’. People chose an ‘outer’ money object to serve as their proxy for this ‘inner’ concept called ‘value’. Gradually, private people chose this ‘thing’ called silver (and later gold) as their proxy for ‘value in exchange’. This led to Thomas Jefferson choosing this commodity as our ‘outer’ money item and he then ‘defined’ this ‘outer’ item to give everyone a reference point for ‘valuations’ in the marketplace.
In 1792 our first Congress produced the Coinage Act of 1792 and then defined all our chosen currency units (dollar, half-dollar, quarter, dime, nickel, penny). Americans now had ‘outer’ money units which they could use to create ‘prices’ in the marketplace. Prices emerge from private negotiations as they discern the relative ‘values’ of goods being traded. Prices (in dollars) defined specifically in terms of silver created the initial model for all price discoveries within our markets.
All this worked well until our politicians corrupted this system by redefining our initial dollar (this ‘inner’ unit) and changing its meaning in terms of silver and later gold. New definitions were created and new price relationships developed within our markets. Then in 1933-34, FDR eliminated the ‘tie’ of our ‘inner’ dollar to gold (the ‘tie’ to silver had previously been changed) and later Nixon eliminated the ‘tie’ to gold for foreigners. All this created new price discovery relationships within all our markets (now global).
Today, we have developed a pure ‘inner’ dollar (with no tie to any ‘outer’ money proxy). Some call our current system a fiat money system and some call it a floating currency system. Our dollar is essentially ‘inner’ as it derives from our ‘inner’ being (also called our consciousness). This unit then gets ‘typed’ into the computer screen and gets called our legal tender money. Bankers have taken over control of America’s money system completely and today our Central Bank (called the Fed) thinks up ‘inner’ dollar units (as units of their ‘mind’) to promote a corrupted system of prices within our corrupted and manipulated markets.
What we need to comprehend is that we do not have an ‘outer’ money unit today (with a few minor exceptions). Nearly all money transactions are now within cyberspace and the units being circulated within this space are ‘virtual’ units. Virtual units are basically ‘inner’ units with no ‘outer’ existence. Our official authorities are still espousing the view that we have an ‘outer’ money system. But this is inaccurate and false. Our money system is now an ‘inner’ system living within this ‘inner’ realm called cyberspace.
Inner means that the units derive from our inner consciousness. Outer means that the units derive from nature (mining minerals from the earth). Silver coins and gold coins and paper notes are examples of ‘outer’ money units. Cyber digits, virtual units, digital numbers are examples of ‘inner’ money units. Most everyone thinks that cyber money units are ‘outer’ as they SEE these units within their computer screen. This, however, is inaccurate and false. Seeing images (text and numbers) within the computer screen is really a process which I would call ‘visualization’ of units.
I ‘visualize’ units within our cyber banking accounts and then THINK that these units are ‘outer’. This, however, is an ‘illusion’ and a ‘deception’ of our thinking. The cyber units actually do not ‘exist’ within our space/time reality (what we call our universe). Cyberspace is a created space which we humans create by connecting a bunch of computers to a network. This created space (which we call cyberspace) has no physical or material existence. It’s purely an ‘illusion’ to think that this space exists as an ‘outer’ reality.
Since most everyone is deceived about the ‘nature’ of cyberspace they are also deceived about the ‘nature’ of the currency units circulating within this ‘inner’ space. I talk to many people who THINK that our virtual currency (also called money) units are real and material. They assume that virtual digits in their various cyber computer accounts will remain where they are indefinitely. Is this reality? I don’t think so. These virtual units of nothing can and will vanish and disappear at some point. When our stock markets crash and correct (seriously) then people will wake-up to this false reality which they are living.
Yes, this concept called money should be viewed as mostly ‘inner’ today. Outer money are objects which I can observe outside of my ‘inner’ being (self). I have a storage container full of silver coins. These units (coins) exist. All the virtual units in my Fidelity and Wells Fargo accounts are not real physical ‘outer’ units. These units are virtual/inner/metaphysical. Do you comprehend the difference? Probably not. Few seem to discern reality as we live it. Most everyone prefers ‘illusions’ and ‘deceptions’ and price distortions. Sheeple is what I call the masses when it comes to understanding money! Enjoy this day! I am: https://kingdomecon.wordpress.com.
Examples of ‘outer’ and ‘inner’ money for your consideration:
America’s first official legal tender derived from the Coinage Act of 1792. Our first mint in Philadelphia minted the above coin as our first ‘outer’ money! Subsidiary money units were our half-dollar, quarter, dime, nickel, and penny. All were ‘outer’ units created by a mint!
One of America’s first paper dollars (printed). This unit can also be viewed as an ‘outer’ money unit!
Another paper note dollar created by our treasury (printed). This is another example of an ‘outer’ money unit!
One of Americas first gold dollars! This would be another example of an ‘outer’ money unit! The unit gets created by an official mint!
This is an example of a virtual dollar as it evolves into cyber numbers within our computer! This would be an evolving ‘inner’ dollar!
To ‘measure’ economic events and transactions our money unit needs to be ‘outer’. Today, our unit is ‘inner’ and very subjective! A subjective inner unit (is merely an accounting unit). It has no role as a store of value, medium of exchange, or standard of value! At some point this unit will vanish and disappear as markets get more distorted, manipulated, and dysfunctional.
Another example of an ‘inner’ dollar unit which gets created within cyberspace! The unit has no external existence! It’s derived from our consciousness! Bankers ‘type’ this ‘inner’ unit into cyberspace via a decision. It distorts all prices as it has no scarcity to it. The cyber dollar can be created by merely ‘typing’ units into the computer screen. It should be viewed as Unconstitutional and Illegal!
Unlimited units of a cyber dollar get created via banker loans, banker QE policies, banker money shenanigans! Today, it is our private global Central Banks which control and distort our entire system. We do not have any real Capitalism or free markets today!
Few understand the details about ‘money’. Today, it is seriously confusing as our money (now virtual) gets created behind closed doors of our Central Banks. Inner thoughts produce our ‘numbers’ and the ‘numbers’ get typed into the computer screen as cyber images. Real price discovery is impossible as these ‘inner’ units can not be quantified objectively. Our money/currency system distorts reality, creates conflicts globally, and produces wars, crime, poverty, and all kinds of political corruption at the highest levels. The Comey/Trump soap opera situation is one example. The bubble stock markets are another example. The rising level of unpayable debts is another example. Money rules over our planet and those who control this ‘inner’ money system can rule over everyone. The end result is ‘enslavement’ of average citizens!