The Future of Currency
Global Trade
Because the US trade dollar was weaponized, restricted countries deprived of economic growth, local resources, and equality, have banded together to build a new system of trade which not only stops the deprivation, but creates a new foundation based on Bretton Woods 1 in which gold once again backs the trade: 40% Gold and 60% local currency.
Unresolved Issues
However, separation through the IMF currency market is ongoing, because old thinking is building the BRICS Unit. Keeping this does not close the door on currency manipulation nor provide humanity with equality and will again lead to future wars.
However, this has a silver lining where a needs-based system built for the people can provide a way to operate successfully on its own, as well as help BRICS member countries equalize the value of their currencies that will lead to the closure of the IMF and end inequality once and for all.
A Needs-based Currency
A needs-based currency is designed to end poverty, hardship, greed and debt, and provide an outcome of freedom, equality, safety, security, stability and peace, and is unlike any debt-based monetary system in the world today.
Its introduction will use the same process as China's electronic Renminbi to act as a dual currency to the Yaun for world trade 1 for 1, where paper notes and coinage are the same.
This system has been successfully operating in China and provides the guidelines to introduce a common currency throughout the world based on needs rather than debt.
Introducing Karmic Credits.
Karmic credits (Kc) has been developed as a common currency equal 1 to 1 in every country for the benefit of all people to become equal by default, raising living standards throughout the world by sharing the wealth through a regenerative trading model.
Regenerative systems are natural, and with Karmic credits, money is born when an account opens, and it dies when it reaches a particular limit.
Kc is an electronic system which requires no security, keeps no history, and it does not have interest, fees, or charges, nor does it have periodic payment or loan options.
These are debt-based products that you can use at your local bank branches.
Power to the People
Bitcoin can never be a global currency for reasons which include: its price fluctuation, it uses too much energy through miners who check the validation of each transaction, and the time it takes to complete a transaction is measured in hours and sometimes days.
A Kc transaction is done in seconds, and it doesn't matter what part of the world you are trans actioning to, because 1 is still 1 wherever you are.
Ther are no middlemen with this currency which begins as free, no visa, no master card, no currency exchange, no one.
The considerable cost to rebuild after wars is mitigated by Karmic credits to provide the money to people everywhere, providing support for families and businesses who will drive economic activity toward manufacturing to produce the real necessities in real-time.
What makes Karmic Credits Unique?
Karmic credits is regenerative, which means that money is ‘Born’ when an account opens, where each recipient receives 275,000.00 Kc, and the currency ‘Dies’ when it reaches the limits of the account currently set at 6-digits, 999,999.99 Kc.
Accounts are opened using a phone number fed into a plus and minus electronic accounting system (no blockchain required), for the purpose of stability.
Karmic credits by being free, does not limit the number of accounts one can hold and this will end the hacking, security and the spyware dilemma we currently face.
Regulations.
As a currency, Karmic credits slips between the cracks as the regulatory hurdles says it does not represent fiat or crypto, and as such, does not require an AFSL or ACL, and is cleared against being able to be used for counter terrorism financing CTF or money laundering AML in its current form.
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