It is not set up as a blockchain, so it cannot track purchases or surveil account holders, and its prefilled accounts are free which protects families and small businesses against poverty and theft.
This trading system reduces cost of living pressures, as we move away from drip feed payments, and go back to buy it outright, because we can.
With the spread of credits to every part of the country, we bolster health and wellbeing and accelerate business and trade, and we prioritize small farms with profitable relations which gives town and country the boost it needs.
By offering this alternative, Karmic credits empower communities to engage in trade that prioritizes community projects. This innovative currency not only fosters trust and collaboration, breaking down barriers caused by globalist expansion where small councils are gobbled up to form larger councils, shrinking economic profitability of these smaller towns and the country overall.
Karmic credits is a peer-to-peer trading system which uses preloaded phone numbered accounts holding 275,000Kc, and this is not seen as a financial product because it is neither fiat nor crypto under the acts, clearing the money laundering and counter terrorism financing hurdles, and we are not required to hold an AFSL or an ACL in its current form.
Setting up the worlds new financial system into Needs-based and Debt-based, provides humanity with stability and peace on one hand and instability and war on the other.
This important step ensures people can exist without overbearing restriction and limitation, while still allowing the manipulation, greed and consequences of the debt-based order to manifest but not impact the people like it once did.
Yes, we can protect one another with systems the same as we can devastate one another, yet the purpose here is not to control but instead offer choices to the population as to which system works best for them, because nothing is taken here, only given. We can live in either or, or both.
Financial institutions are coming into a reset period in the coming months, and ‘We the People’ are supposed to fall in line and take their next debt-based version, the CBDC.
The first version of this blockchain tech was Bitcoin (ArmstrongEconomics.com), and with all the hype about tokenizing nature, surveiling all we do, and them having control over our bank accounts and future spending needs, falling in line is now a choice.
The Karmic credit trading system rethinks traditional monetary systems and provides humanity with a choice that shows it can sustainably provide for the necessities of life and balance needs-based and debt-based currencies in a resolute manner.
By disconnecting from conventional debt-based currencies, individuals are afforded the freedom to pursue trade and commerce without the looming weight of external financial institutions. Such autonomy not only encourages innovation but also nurtures local economies, allowing them to thrive in a manner that is harmonious with ethical and ecological values.
Kc is a trading account which operates between 1 and 1million.
Security works a little differently because accounts are free, and if you lose your phone, you just start again with a new number. If surveillance works off history, Karmic credit accounts only hold the last 3 transactions, which are of course coded rather than showing a phone number.
Until Karmic Credits becomes legal tender, 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.
Kc has been tested on trades from Oz to Uk, NZ, India, Russia, and Ireland 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 the debt-base did not change. Other countries have not yet brought forth their own debt-based digital currency, but they are coming.
Imagine electronic KC and paper Rupees, Dollars etc, and the introduction of a needs-based to these nations and the effect on its citizens.
Adding to the needs-based monetary supply is a needs-based housing system that reduces the cost of housing, so not only can we end poverty through Karmic credits, but we can also become Guardians, a new form of property ownership.
The Guardianship housing system uses the Guardian Right to manage the fixtures of a property, where two interests in one property are formed.
This dual ownership model cuts houses from the land making a home cheaper, and then it uses depreciation set at 10% p/a and call options which default to 10 years benefitting the landholder in equity increase and the guardian in reduced rent cost at the same time.
Goto Guardian Right Registry