A new global currency has just been launched, yet 99% of the world’s population have no idea what just happened.
The ‘Universal Currency Unit’, also known as ‘Unicoin’, is an ‘international central bank digital currency’ designed to work alongside all existing national currencies. Obviously the widespread adoption of a new “global currency” would be a huge step forward for the globalist agenda. The IMF has not created this new currency, but it was unveiled at a major IMF meeting earlier this week…
Today, at the International Monetary Fund (IMF) Spring 2023 Meetings, the Monetary Authority for Digital Currencies (DCMA) announced the official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent policy recommendations on crypto assets proposed by the IMF.
The Universal Monetary Unit (UMU), symbolized by the ANSI character Ü, is legally a monetary asset, can transact in any legal tender settlement currency, and functions as a CBDC to enforce banking regulations and protect the financial integrity of the system international banking.
As the aforementioned press release indicates, this new “universal monetary unit” was created by the Digital Currency Monetary Authority. Who is the Monetary Authority for Digital Money (DCMA)? The press release says the organization is made up of “sovereign states, central banks, commercial and retail banks and other financial institutions.” Given the confidentiality, it almost seems like a secret association of states and central banks to push the adoption of central bank digital money.
We are told that the “Universal Monetary Unit” is a “crypto 2.0”, and those who created it hope it will be widely adopted by “all sectors of the global economy”…
The DCMA presents Universal Monetary Unit as Crypto 2.0 because it innovates a new wave of cryptographic technologies to build a public digital currency monetary system with a widespread adoption framework that includes use cases for all sectors of the global economy.
And would it surprise anyone that the Biden administration is touting the potential benefits of a “digital form of the US dollar”? The following is from the official White House website…
A US central bank digital currency (CBDC) would be a digital form of the US dollar. While not yet deciding whether to pursue a CBDC, the US has been carefully examining the implications and options for issuing a CBDC. If the United States were to issue a CBDC, the benefits could be many, such as facilitating low-cost and efficient transactions, fostering greater access to the financial system, stimulating economic growth, and supporting the continued centrality of the United States in the international financial system.
I don’t think it’s a coincidence that governments across the Western world are simultaneously developing CBDCs, and the IMF has already developed an extensive handbook “to assist central banks and governments around the world in introducing CBDCs”. Publicly released on April 10, the report “IMF Approach to Central Bank Digital Currency Capacity Development” outlines the IMF’s multi-year strategy to help introduce CBDCs, including the development of a living “CBDC Handbook” for monetary authorities to follow.
It is imperative to understand that if everyone used CBDCs, financial privacy will have all but disappeared. The authorities will be able to trace pretty much everything you buy and sell and I’m sure they won’t hesitate to use this information against you.
Can you imagine a world where you are prevented from buying meat for a certain period because you have already used up your “carbon credits” for the month? Or prohibit you from buying a car by preventing you from paying for it. This dystopian world can be easily accomplished by central bank controlled digital currency.
This will be possible with CBDCs. To encourage the use of CBDCs instead of cash or other private, therefore free, digital currencies, the authorities will gradually lower the limits on the use of cash, the only truly free and untraceable currency. The European Parliament has already imposed limits of 7,000 euros for cash and a thousand euros for cryptocurrency transfers, theoretical limits for now, but which, if imposed, would be a push towards CBDCs. At that point a centralized world currency would allow perfect control by an unelected supranational authority, and we could say goodbye to the little democracy that is left.
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