Universal Monetary Unit

Over the last three years, the devaluation of paper fiat currencies across the world has increased due to immense currency printing, thrusting Central Bank Digital Currencies (CBDCs) into the mainstream spotlight. Monetary officials have praised the exciting possibilities that stem from a transition to a digital global currency, but others warn against centralizing monetary power under one entity. As the world moves towards a system in which a single global monetary unit is controlled by the International Monetary Fund (IMF), World Bank, Bank of International Settlements (BIS), or a combination of all three, such centralization would inevitably lead to a devaluation of citizens’ savings and purchasing power on a scale never seen before in the modern world.

If all central banks had their power abolished and consolidated under one or more of the previously mentioned institutions, the worldwide head of these entities would have complete control over the financial fate of every citizen on Earth.  While many believe central banks need to be disbanded altogether returning monetary authority to the people – at least when you have multiple central banks across the world, you have an increased possibility that one or a few will act in the best interest of the people.

And with that said, just last week, the Digital Currency Monetary Authority (DCMA) in partnership with the IMF announced a Universal Monetary Unit (UMU or Unicoin) that acts “as a legal money commodity that can transact in any legal tender settlement currency and functions like a CBDC to enforce banking regulations and protect the financial integrity of the international banking system.”  While this may initially seem innocuous, when you think about how a CBDC has the potential to be abused by the issuer, the phrase “and functions like a CBDC to enforce banking regulations” becomes much more concerning.  With central bank digital currencies, all purchases are traceable, carbon credit or a social credit score system can be applied, and negative interest rates are activated to encourage spending and stifle savings, among other controls, pushing the world closer together under the same monetary umbrella in an attempt to consolidate control.  As citizens become more informed, many are turning to silver and gold to protect themselves from the ever-tightening grip of another monetary authority.

The question that remains on everyone’s mind: Who exactly is the Digital Currency Monetary Authority?  We know based on their website they consist of sovereign states, central banks, commercial and retail banks, and other financial institutions, but their website never discloses the exact entities. This ambiguity has fuelled massive skepticism, leaving everyone wondering who is it exactly that is pushing the new Universal Monetary Unit.

Meanwhile, as the United States continues to struggle with its financial future, they are now promoting the potential benefits of a digital U.S. dollar on the official White House website. With the government debt ceiling still needing to be raised and Treasury funds only lasting until June of 2023 before the country is officially broke, monetary officials appear to be shifting toward the system that will succeed the current fiat system we have in place today.  Remember, if the United States were to default on its debt, the value of ALL United States dollars in circulation would be called into question – sending the purchasing power of each dollar into a tailspin.  This is why they must do everything they can to keep citizens out of physical silver and gold before that happens, or control shifts to the people who secured their wealth in physical form and away from those with monetary authority over the current system.  Enter FedNow, the digital payments system from the Federal Reserve set to be activated one month after funds in the U.S. Treasury run out in June.  Coincidence?  We think not. Across the world’s oceans, an entirely different scenario is playing out – a scenario surrounding real value and tangible assets.  It was previously reported that a mutual BRICS currency would be potentially backed by commodities such as silver, gold, rare earth metals, and/or oil reserves.  This is FAR different than the IMF’s Universal Monetary Unit which is rumored to be backed by a diverse equities portfolio, meaning stocks, bonds, and other securities; assets that have been proven these past years to be anything but stable.  So why would anyone want to use a currency backed by these assets?  The answer: they wouldn’t.  And when considering that BRICS has received applications from “over a dozen” countries all overflowing with commodities  — it is becoming clear that illusionary wealth is moving west, while real wealth is moving east.

If all applications are accepted by the current BRICS nations, members will create a group of countries with a GDP 30% larger than that of the United States, they would represent over 50% of the global population, and would control 60% of all global gas reserves – this not even mentioning the fact these nations have been stockpiling precious metals at an unprecedented pace.

The choice is being presented to all citizens of every nation – either move in the direction of illusionary CBDC wealth OR move toward becoming your own bank with real wealth held in tangible commodities like silver, gold, and other precious metals.