DCMA launches global central bank digital currency, Unicoin, amid potential cash phase-out and economic uncertainty.
- You may or may not know that The Digital Currency Monetary Authority (DCMA) announced the launch of a new global central bank digital currency called Unicoin. The currency allows central banks to convert their own currency for easier international trade and builds stability against changes in exchange rates. However, it requires phasing out cash and other payment types, potentially leading to tyranny.
- Meanwhile, low-interest rates have led to unprofitable office buildings, and the global monetary experiment may be coming to an end with no apparent solution in sight.
- The Brazilian President along with other countries call for a shift away from the US dollar in favor of using emerging currencies, such as BRICS.
- Lastly, three Republican congressmen are pushing for the re-pegging of the Federal Reserve dollar to a fixed weight of gold via a bill called the Gold Standard Restoration Act.
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The IMF Has Just Unveiled A New Global Currency Known As The “Universal Monetary Unit” That Is Supposed To Revolutionize The World Economy (themostimportantnews.com)
The Digital Currency Monetary Authority (DCMA) has launched Unicoin, a global central bank digital currency aimed at improving financial accessibility and efficiency. However, phasing out physical currency opens up potential for financial tracking and tyranny.
A new global currency just launched, but 99 percent of the global population has no idea what just happened. The “Universal Monetary Unit”, also known as “Unicoin”, is an “international central bank digital currency” that has been designed to work in conjunction with all existing national currencies. This should set off alarm bells for all of us, because the widespread adoption of a new “global currency” would be a giant step forward for the globalist agenda. The IMF did not create this new currency, but it was unveiled at a major IMF gathering earlier this week…
Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.
Universal Monetary Unit (UMU), symbolized as ANSI Character, Ü, is legally a money commodity, can transact in any legal tender settlement currency, and functions like a CBDC to enforce banking regulations and to protect the financial integrity of the international banking system.
As the press release quoted above indicates, this new “Universal Monetary Unit” was created by the Digital Currency Monetary Authority.
The press release says that the organization consists of “sovereign states, central banks, commercial and retail banks, and other financial institutions”…
The DCMA introduces Universal Monetary Unit as Crypto 2.0 because it innovates a new wave of cryptographic technologies for realizing a digital currency public monetary system with a widespread adoption framework encompassing use cases for all constituencies in a global economy.
The coming globalized digital money system just got the endorsement it needed to proceed as the replacement for fiat paper currencies – LeoHohmann.com
The Digital Currency Monetary Authority (DCMA) plans to launch a global central bank digital currency (CBDC), Unicoin, for easier international trade and currency exchange rate stability. The Universal Monetary Unit Model Law suggests using Unicoin (UMU) as a complementary currency for value storage and payment settling rather than legal tender.
The coming globalized digital money system just got the endorsement it needed to proceed as the replacement for fiat paper currencies.
The Digital Currency Monetary Authority (DCMA) announced on April 10 it will be launching a new global central bank digital currency, or CBDC, calling it an “universal monetary unit,” also known as the Unicoin, which all of the world’s central banks and commercial banks will be able to use for settlements of trade among each other. The April 10 announcement took place at the annual spring meetings of the International Monetary Fund.
Who is the DCMA? “The DCMA is a world leader in the advocacy of digital currency and monetary policy innovations for governments and central banks. Membership within the DCMA consists of sovereign states, central banks, commercial and retail banks, and other financial institutions.”
But even after nations and their central banks issue their own CBDC’s, there’s still a void that needed to be filled. They needed a digital framework that ties all these central bank digital currencies together. More than 120 nations are working on rolling out CBDC’s but in order to have a truly global system, you need a centralized conduit, a “framework” as they call it, with which the nations will affiliate these new digital currencies. Once this is in place and the globalized digital money system is married to the globalized digital ID system, which is being forged as we speak in accordance with centralized standards being set by the World Health Organization, then we have a truly global system of 24/7 control over all humanity.
Why? Because the technology associated with centralized digital currencies and centralized digital health passports is going to be far more efficient at controlling human behavior than fiat paper currencies and paper or plastic ID cards in people’s wallets. The old system of paper IDs and paper money was sinister in itself. The underlying objective was for the state to mark you and track you. But the state used very crude tools and because of this one could still function, albeit in a diminished manner, outside the system, using cash to buy what you need. The advent of digital will take things to a whole new level in terms of the elites’ ability to control our movements, our spending habits, everything.
“There Is No Fix” – Rubino Warns Global Monetary Experiment Ends In “Bloodbath” | ZeroHedge
According to John Rubino, the global monetary experiment is headed towards a catastrophic end with no solution in sight. Silicon Valley Bank’s recent failure required intervention from the FDIC and the US Treasury to prop up the banking system. Low-interest rates are making office buildings unprofitable, and a rise in rates will lead to more significant issues for regional banks. The government can either leave the situation to worsen, leading to a Depression or bail out all industries, leading to inflation and a decline in the dollar’s value. To prepare for the crisis, Rubino suggests investing in tangible assets, such as food, water, tools, gold/silver, car titles, and gardening.
Analyst and financial writer John Rubino said in February, “We are in a debt and death spiral” that will force dramatic changes on the world.
It was a direct hit because in March, Silicon Valley Bank (SVB) tanked, and the FDIC and the U.S. Treasury were forced to basically back-stop the entire banking system. The financial problems are far from over as Rubino explains, “Basically, interest rates have been artificially low for a decade…
In that time, crazy numbers of office buildings went up and were financed at really low rates… Now, office vacancy rates are spiking, which means office building are not profitable anymore. The debts they have at 2% to 3% now have to be rolled over at 5%, 6% or 7%. This means an already unprofitable office building is going to be even more unprofitable because of rising interest rates. Now, they want to sell this office space, and the price cuts that have to be done to get a deal done is 30% to 50%… Some are down by 80%…
Local and regional banks already had their troubles last month but are going to have bigger troubles when all these building turn out to be not worth nearly as much as we thought they were. This paper is in pension funds… they are going to go into crisis.
So, real estate is liable to be the catalyst in crisis in several other sectors… The government is going to have to let it burn and have a 1930’s style depression, or bail out everybody in sight… at the cost of rising inflation and the dollar tanking.”
“There is no way to refill these buildings. There is no way to refinance them without going bankrupt…
Sometime this year we are going to drop back into negative growth, and it’s going to be a bloodbath. There is no solution, and these guys see it coming and they have no idea what to do about it…
The next bailout crates a lot of new dollars, and that pushes down the dollar, and then, we are in the death spiral where there is no fix. That is out there waiting to happen, a bailout so huge that it terrifies holders of the currency and Treasury bonds.
Then it’s game over… This is just a question of when people figure this out. That really is our situation right now.”
Brazil calls for ‘move away’ from dollar — RT World News
Brazilian President Luiz Inacio Lula da Silva advocates a move away from the US dollar towards developing countries’ currencies to reduce American dominance in the global financial system. The BRICS group was proposed as an alternative currency to the dollar for trade with Brazil establishing trade mechanisms for emerging economies that bypass traditional financial institutions. Russia has adopted the yuan as a primary reserve currency, and India intends to smash the dollar’s hegemony through its foreign trade policy. President da Silva is visiting China and is expected to discuss trade and foreign policy issues such as the Belt and Road Initiative.
Speaking in Shanghai on Thursday during an official visit to China, Lula said the BRICS group – comprising Brazil, Russia, India, China and South Africa – should look for an alternative currency to the dollar for trade.
“Every night I ask myself why all countries have to base their trade on the dollar. Why can’t we do trade based on our own currencies?” he said. “Who was it that decided that the dollar was the currency after the disappearance of the gold standard?”
The leftist leader went on to lament that “everyone depends on just one currency,” referring to the dollar, and proposed “a currency to finance trade relations between Brazil and China, between Brazil and other countries.”
Lula kicked off his trip to China with an event to mark the appointment of former Brazilian President Dilma Rousseff as the head of the New Development Bank, also known as the ‘BRICS bank,’ which he said could free emerging economies “from submission to traditional financial institutions, which want to govern us.”
Brazilian Finance Minister Fernando Haddad also traveled with the president to China, where he told reporters that Brazil would aim to create trade mechanisms for developing countries to bypass the use of the dollar.
“The advantage is to avoid the straitjacket imposed by necessarily having trade operations settled in a currency of a country not involved in the transaction,” he said.
Three Republican Congressmen Introduces Gold Standard Bill to Stabilize the Dollar – Big League Politics
H.R. 2435, introduced by three Republican Congressmen, aims to re-peg the Federal Reserve dollar to a fixed weight of gold through the Gold Standard Restoration Act. The proposed legislation calls for public disclosure of government and Federal Reserve gold holdings and gold-associated financial transactions dated 60 years ago. Sound money organizations and reputed individuals have lauded the proposal, highlighting the need to combat the inflation caused by irresponsible spending by reinstating sound money in the US.
Three congressmen, West Virginia Congressman Alex Mooney, Arizona Congressman Andy Biggs, and Arizona Congressman Paul Gosar recently introduced a sound money bill that would re-peg the Federal Reserve note “dollar” to a fixed weight of gold bullion.
The legislation in question is H.R. 2435, the Gold Standard Restoration Act, would give the United States Treasury and the Federal Reserve 24 months to publicly reveal all gold holdings and gold transactions. After this time window transpires, the Federal Reserve note “dollar” would be formally re-pegged to a fixed weight of gold at its market price at the time.
According to Money Metals New Service, Fed notes would become fully redeemable for and exchangeable with gold at the new price. The US Treasury and its gold reserves would backstop Federal Reserve Banks as guarantors.
“A gold standard would protect against Washington’s irresponsible spending habits and the creation of money out of thin air,” declared Mooney in a statement.
“Prices would be shaped by economics rather than the instincts of bureaucrats,” he added. “No longer would American families, businesses, and the economy as a whole be at the mercy of the Federal Reserve and reckless Washington spenders.”
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