Today, I am going to be preoccupied offline to take care of the aforementioned assignment I mentioned earlier this week. The sooner I finish it before today is over, the more time I will have to devote toward work on the one final three SMP Compendium entries. I may have to write another update to let people know once that assignment has been taken care of.
For now, I thought I should remind everyone that the abbreviation “GDM” refers to a placeholder currency I had created as part of the SMP Compendium. The World State Organization’s World Reserve Currency designation as per ISO (International Standardization Organization) protocol for currency abbreviations is “JDS.”
I am also proud to announce that the USD/GDM Exchange Rate for the final three SMP Compendium entries is “$75.00 USD for 1.00 GDM.” The GDM/JDS Exchange Rate is “100,000,000.00 GDM for 1.00 JDS.”
These are very generous Exchange Rates for the US Dollar as of late. It will only get worse as the Biden presidency spends and taxes the Union into oblivion. After all, I am mathematically converting from Liberal Capitalist Finance to Socialist Finance. Always remember that the Quantity of Kapital and Quantity of Schuld are by default quantitatively higher than the Quality of Arbeit and Quality of Geld under the Work-Standard.
If the Federal government decides to buy 1.00 JDS, they will have to spend $7.5 billion ($7,500,00,000.00) USD in a Socialist world order. Since the Jeffersonians are totally fine with raising the “Debt Ceiling” for all eternity, why not? Why waste an opportunity to show how the US Dollar is rapidly depreciating in Value under Socialist Finance? For on 31 March 2021, the total amount of all Kapital in existence was “in excess of over $1.3 quadrillion ($1,300,000,000,000,000) US Dollars.”
As of March 31, 2021, there was nearly US $2.1 trillion in circulation, including Federal Reserve notes, coins, and currency no longer issued.
If you are looking for all the [Physical Kapital] (notes and coins) and the [Kapital] deposited in savings and checking accounts, you could expect to find approximately $40 trillion. This figure represents only ‘[Narrow Kapital].’
However, if you add the ‘[Broad Kapital],’ the amount rises to over $90.4 trillion. This amount further increases when bitcoins and other cryptocurrencies are included.
[Kapital] in the form of investments, derivatives, and Cryptocurrencies exceeds $1.3 quadrillion. This is what it looks like written out: $1,300,000,000,000,000.
This is a much more significant amount compared to the total money in the stock market, which is a mere $95 trillion. Leading tech companies such as Apple, Alphabet, Microsoft, and Amazon contribute a lot to the stock market.
The value of all cryptocurrencies in circulation (over $2 trillion) and investment in commercial real estate ($30 trillion) also represent a small portion of the total money in the world. Bitcoin, for example, accounts for less than 1% of the world’s money.
In the 2021 list of the world’s billionaires, Forbes included 2,755 billionaires with a total net wealth of $13.1 trillion. Surprisingly, the top 26 billionaires own as much as the poorest 3.8 billion.
As the above link demonstrates, there really is no way that anyone (including me) is going to know for sure, which is a consequence of the Economic Calculation Problem. Does anybody here know how much Kapital there is in existence as of today only? How much Sovereign Schuld (Debt/Guilt) is there in existence for the United States and the rest of humanity on Earth as of today? What will be the Quantity of Schuld tomorrow?
In closing, here is my favorite scene from “Thus Spoke Nietzsche’s Lenin“:
Flee, [Comrades], into your [Solidarity]! I see you deafened with the noise of the great men, and stung all over with the stings of the little ones. Forest and rock know how to be silent with you. Be like the tree which you love, the broad-branched one — silently and attentively it overhangs the sea.-Friedrich Nietzsche, “Flies in the Marketplace,” from Thus Spoke Zarathustra, ca. 1883
Where [the Solidarity of Socialism] ends, there begins the [Liquidity of Neoliberalism at the Financial Market]; and where the [Financial Market] begins, there begins also the noise of the great actors, and the buzzing of the poison-flies. In the world even the best things are worthless without those who make a side-show of them: these showmen, the people call great men.
Little do the people understand what is great — that is to say, the creator. But they have a taste for all showmen and actors of great things. Around the creators of new values revolves the world: — invisibly it revolves. But around the actors revolve the people and the glory: such is the course of things. The actor has spirit, but little conscience of the spirit. He always believes in that with which he most strongly inspires belief — in himself!
Tomorrow he has a new belief, and the day after, one still newer. Like the people, he has quick perceptions and fickle moods. To defeat — that means for him: to prove. To drive to frenzy — that means for him: to convince. And blood is to him the best of all arguments. A truth which glides only into refined ears, he calls falsehood and nothing.