Flow
Karmic credits are regenerative. 275000Kc is born when an account opens, and it dies when the balance attempts to go past its 6-digit limit. There are no interest, fees or charges, nor do we offer periodic payments or loan facilities.
Karmic Credits belongs to the Collective with a purpose to end poverty, and is designed to act as a true Reserve Currency because it holds no fixed value - yet it is pegged 1 to 1 in every country, allowing the IMF to still hold relevance, but provide a true pathway for all countries to equalize over time.
This flexibility solves the BRICS Unit problem of trading 60% local currency/40% gold by weight, by allowing every country to trade Karmic credits preventing countries being stuck with a country's currency that nobody wants.
BRICS -Bonds are not related to these debt-based trades. They also belong to the Collective and are managed by BRICS multipolar standing to act in the interests of the collective, reducing a countries national debt through their uptake. Should a country want out - the bonds freely given can be returned in the bond equivalent of gold, silver, cash or land to the people - simple money in money out.
BRICS-Bonds on Governments
- Efficient Financial Operations
- Limits on bond allocation are based on population numbers to ensure fair and equitable distribution.
- Sovereign central bank allocations are managed and must be replaced, promoting development spending without creating long-term debt burdens.
- Karmic credits are responsive with no interest fees, periodic payments, or loans, making financial processes simpler and stress-free.
- Economic and Social Benefits
- This framework eradicates poverty and hardship by ensuring resources are always available to borrow and utilize.
- It promotes local trade and improves lives and livelihoods, fostering economic stability and growth.
- Encouraging Government Accountability
- Governments are no longer responsible for people’s health, social security and welfare, nor do they need to offer aid packages.
- Governments will be fully responsible for their term in office, as bond allocations must be replenished for the incumbent party.
- Global Stability and Collaboration
- By emphasizing ethical imperatives and fostering inclusivity, the framework strengthens trade relationships and enhances trust in financial markets.
- A collective reserve promotes social equality, reduces incentives for conflict and encourages economic security.
Overall, this framework not only supports financial and government efficiency but also contributes to revitalizing towns and cities from slums and soup kitchens, reducing social disparities and helping to restore peace and prosperity.
BRICS
Gold, as a tangible asset, provides intrinsic value and security, reducing dependency on unstable financial markets. Vulnerabilities in fiat currencies forced BRICS to use weights of gold (1kg=100k Usd) in its 60/40 settlements to ensure a more stable unit of exchange which could be universally recognized by BRICS member countries, however the inclusion of Community (Karmic) Credits to replace fiat vulnerabilities with collective stability would provide the perfect solution to fortify trade relations and remove the need for gold.
The adoption of this framework completes the multipolar BRICS approach to addressing monetary and governance challenges globally. By focusing on responsible management of shared resources and embedding ethical practices, this framework strengthens domestic economies and fosters broader integration of diverse national interests. The completed BRICS model has the potential to benefit the whole of humanity under a collective umbrella and remove suspicion.
As countries move away from unipolar to multipolar, no country wants the burden of being the reserve currency. China has been thrust toward this role and America doesn't want to let it go, but to truly remove this burden, the Collective is the one to shoulder this responsibility, and we have BRICS members who want what humanity wants. A stable financial system void of war.
Financial Markets
Adopting Community (Karmic) Credits one country at a time provides mankind with a global financial framework that acts in the interests of the people and corporate concerns. A needs-based and debt-based money supply supports a reality where A.I and robotics are taking menial and sophisticated jobs where people rely on government handouts, so investing for our survival and praying that our superannuation is going to be large enough to retire, becomes much less important.
Existing financial markets have changed, with bursts in Bond markets expected (no buyers), Share markets using machines to trade (A.I trading houses), Derivative market now selling bank liabilities to Super Funds (the Big Short), and Currencies, Gold, Tariff wars, Energy wars and the like, are all reaching their breaking point at the same time.
Humanity is waking up, and we stand at that precipice again, ready to fall off and start all over doing the same thing and regurgitate our past, or we can open our eyes to a new world with new opportunities, new revelations, and new possibilities that we may have only glimpsed in our dreams are here waiting for us - we just have to want it.
