It is not set up as crypto, so it not unstable nor can it be repriced up and down with market sentiment. But instead, it is designed to break people from the grip of government dependency so we can look after ourselves, which is good for the people and good for the government, and keeps families and small businesses viable.
This trading system reduces cost of living pressures and allows farm and factory owners to charge what they need to stay profitable, and the best part is, that Karmic credits can afford to absorb this price correction. Society will begin again to buy goods and services outright, helping to remove further cost of living pressures.
With the spread of credits to every part of the country, we bolster health and wellbeing, accelerate business and trade, and we prioritize small farms with profitable relations to empower town and country.
Community (Karmic) credits empower communities to engage in trade that prioritizes community projects. This innovative currency not only fosters trust and collaboration, it also breaks down barriers caused by globalist expansion where small councils are gobbled up to form larger councils, shrinking the economic profitability of the smaller towns.
Karmic credits is currently a peer-to-peer trading system which uses preloaded phone numbered accounts holding 275,000 Kc. This is not seen as a financial product by legal teams because it is neither fiat nor crypto under the acts, clearing both AML money laundering and CTF counter terrorism financing hurdles, and we are not required to hold an AFSL or an ACL in our current form.
When splitting our currency into Needs-based and Debt-based categories, our local communities can become flushed with funds to create the needed projects or repairs which have been let go, and provide new businesses within the community that enhances the viability of the town.
This important split ensures people can exist within the confines of a limited account without the overbearing restriction and limitation we have been used to. Using cash and coin for both Kc and the dollar together, we can choose which system we want to pay through, whether it is for convenience or strategic.
Financial institutions are coming into a reset period in the coming months, and ‘We the People’ will be made to fall in line and take their next debt-based trading model, unless we have built one of our own. Karmic credits is a peoples currency which backs the new earth goal of free basic needs rather that being backed by oil or gold. People care about stability - not greed.
The first version of NSA blockchain tech was in Bitcoin. Touted as the people’s currency, it acts as a Ponzi, and with all the hype about stablecoin CBDC’s which can tokenize nature, surveil all we do, control our bank accounts and regulate future spending needs, falling in line is not something mankind should do, especially after Covid.
The Karmic Credit trading system rethinks traditional monetary supply and provides humanity with an opportunity to sustainably provide for the necessities of life outside of any democratic dependency confines, helping humanity to balance needs-based and debt-based money in a resolute manner.
By disconnecting society from conventional debt-based currencies, individuals are afforded the freedom to pursue trade and commerce without the looming weight of external financial institutions. This autonomy encourages innovation such as complimenting BRICS in a move to divert responsibility from its members to the collective in a joint effort to create a fair and equitable solution for mankind.
Karmic Credits is an electronic trading account which operates between 1Kc and 1million Kc, and incorporates existing notes and coins from every country, and pegs itself to any denomination 1 for 1, in a sort of spiritual no fixed value while being fixed in the country for which it is being used.
Security works a little differently because accounts are free, and if you lose your phone, you just start again with a new number. Karmic credits are designed to work for the citizens of every country in a 1 for 1 exchange.
Until Karmic Credits becomes legal tender or the global reserve, it can only act as a community currency like the Brixton Pound or the Bribie Island Dollar, however these did not have an electronic system that could expand from community to community or go global.
Karmic Credits has been tested on trades in AU, NZ, Europe and Russia, where the transaction time was only a few seconds, but with millions of transactions per hour, I do not know if the time would be lengthened or not.
China recently added their electronic RMB to their paper Yuan, which are 1 for 1 legal, but they are both debt-based. Other countries are slowly incorporating their own debt-based CBDC central bank digital currency, but will we use them?
Imagine having the choice to trade electronic KC and paper Rupees, Dollars etc inside each country, only transacting in corporate Rupees, Dollars etc as a last resort, yet when travelling abroad, we are able to pay in Kc without an exchange hub like Visa or Mastercard.
Adding to the needs-based monetary supply is the needs-based APG Guardianship housing system that reduces the cost of housing, so not only can we end poverty through Karmic credits, we can also become Guardians of property, losing money through depreciation rather than paying rent.
The Guardianship housing system uses the transferable Guardian Right to manage the fixtures of a property, and the Landholder is given fixed prices and Call Options to buy back the Guardian Right when required.
This dual ownership model uses a Terms Agreement to separate the house from the land, making a home immediately cheaper, and then it uses depreciation set at 10% p/a calculated monthly, setting the price for every future exchange. This benefits landholders, guardians, society and investors, at the same time.
GO TO GUARDIAN RIGHT REGISTRY