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Currency Convergence

Writer's picture: Manaian WayManaian Way

Updated: Jan 20

Rise of BRICS

The BRICS group, comprising Brazil, Russia, India, China, and South Africa, has gained significant prominence in the global economic landscape. Established to enhance cooperation among emerging economies, BRICS has evolved into a platform for political dialogue and economic collaboration. Here are some key points regarding its rise:

  • Economic Growth: BRICS countries have shown remarkable economic growth, contributing significantly to global GDP.

  • Trade Alliances: The establishment of trade agreements among member countries has facilitated increased trade and investment.

  • Political Influence: BRICS has become a counterbalance to Western-dominated institutions, advocating for a multipolar world.

  • Development Initiatives: The New Development Bank (NDB) was created to support infrastructure and sustainable development projects in member countries.

  • Cultural Exchange: BRICS promotes cultural and educational exchanges, fostering mutual understanding among member nations.

Rise of Karmic Credits

Karmic Credits refers to a common dual currency framework associated with the idea of a 1 to 1 system that crosses borders without interruption. Being both a pay-it-forward and regenerative trading model, creates credits when an account is opened, provides society with the money to rebuild based on each particular circumstance whose actions and contributions to society, lifts GDP without governments becoming involved. This concept is gaining traction in discussions about sustainability and ethical practices. Here are some aspects of its rise:

  • Regenerative Initiatives: Central bank adoptions of Karmic credits, provides incentives to financial institutions to pull back from fiat as a responsible behavior.

  • Social Responsibility: Governments are recognizing the importance of leveraging Karmic credit accounts to control the flow of money and reduce the need for fiat.

  • Consumer Awareness: As consumers become more conscious of their choices, they are seeking brands that align with ethical and regenerative practices.

  • Blockchain Technology: The use of blockchain can enhance transparency and trust in the accumulation and trading of karmic credits.

  • Community Engagement: Karmic credits encourage the return of small business and community involvement of support for local initiatives to provide free basic needs.

The Global Shift

Humanity is moving forward, evolving toward inclusion and fairness, away from systems that have become weaponized, creating geopolitical tensions, lost opportunity and war. Humanity has awaited this shift, unsure of what it would be, and the space currently being fought over is the banking system of the people, where we, can adopt Karmic credits instead of each new CBDC that would ensure equality would never be.



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