American Consumers Spend $92 Per Day

American Consumers Spend $92 Per Day on average?  (link).

Really?

Yes, and No!  Really?

It is simply an average estimate based on a sample.  About as accurate as Economic "Science", which Economics is not!

"Gallup's self-reported Consumer Spending measure is based on a question that Gallup tracks daily, asking a nationally representative sample of about 500 adults, aged 18 and older, and reports monthly based on approximately 14,000 interviews. Gallup asks Americans each day to estimate the amount of money they spent "yesterday," excluding the purchase of a home, an automobile or normal household bills. The survey is conducted with respondents contacted on landlines and cellphones"

Just another WAG.

I would bet that the CEO of McDonalds or Walmart has a monitor on their desk reporting all sales, all those billions in real time with subcategory real time break down to location, date/time, item and time between order and fulfillment, etc.

The digital monetary system I propose based on Internet/WWW system and protocols would provide the same data for all American Consumers, not only 14,000 interviews.  In real time we could watch the rise and fall of spending as it crept across the country like a real time satellite view of dawn and dusk across the continent.  The transaction action communications of every single dollar and account related to every single user of the monetary system.  Not just consumers but all monetary system entities.  Everyone that spends/receives money.  When, where, how much and categorically as well as specifically who is doing the spending and receiving.

A digital monetary system that is a Walled Garden and the Only game in town.  With its own web site analogous to the one at the L station in space between the earth and the sun giving a real time view of the world as it turns to face the sun.

What would the real number mean if we had the total system to produce it.  Recorded to the penny as the owning account of a single unique digital dollar with a unit value changes its owner relationship from a spending account to a new owner receiving account in real time?  In any way or shape of big data and micro data form depending on how we wish to slice and dice the data in the mining process for extract information for monetary system control as well as security protection monitoring and policing.

A statisticians delight.  Stats that are not samples but exact numerical indicators of real things and events.

The monetary system patterned on the Internet/WWW would be an exact measurement system.  A exact control system.  Equally able to identify fraud and abuse.

Ah-ha yous say!  No better than the Internet and WWW with all its bugs and viruses?

Yes, I suppose.  But compare it to the bugs and viruses and built in by design failings of the legacy monetary system structure and performance.

By comparison, the Internet/WWW is relatively flawless.  Black Magic vs Science.  The only thing they have in common is Margin of Error in system structure and performance!

Black Magic can mark to Make Believe Margin and that produces errors in Structure and Performance.

Science Must Mark to Real Numbers for Belief to reduce ambiguity and errors in Structure and Performance.

Black Magic can create and choose its sectoral applications

Science has to deal with universal application of equally universal system structure and performance in creating its applications.

Conceptual things are big marshmallows until they are structured to perform as a model as accurate as the natural world.

The initial link was referenced in Lambert's "Stats Watch" at NakedCapitalism.com.  Information there is a WAG and attempting to pull strings to the source or connect the different silos to extract meaning is an Information Engineering challenge.  The common unit is money.  The more the common unit becomes granular the better the system design and function with increases in accuracy of measurement and control.

"Science like" stuff always beats Black Magic concepts detatched from the real world and is continually pushing back the black with the light of day.

In the word of money and monetary systems Money has been in the dark for too long.

Its day is coming.  It will be the day when it is no longer something that moves in the dark and is perceived only by what it "Does" not what it "Is".  When it comes out of the dark to be defined primarily and fundamentally by what it "Is" as an entity with identity and attributes and methods as a real conceptual object not by what it "Does" action involving a math number value of a transaction.

Build into money the object nature of what it is designed to do then it will do it as a function of its design in the financial economic system. 

The legacy financial system was built as an object with design that makes money a function of debt and debt is a number.  A number created from nothing and having identity derived from its numerical function not its nature as an independent object with persistence at the granular level over time.