Wednesday, August 29, 2018

A return to a gold standard could work if people were able to reap the rewards of becoming their own central bank

One of the two forgotten trends of not too long ago was that the world's monetary system was based on a gold standard, and that access to capital was often not available to most people.  In fact it wasn't until the early 1900's that the emergence of consumer credit began to take shape, and where for the most part pawn shops or brokers were the primary drivers of loans to the masses.

Now of course consumer credit issued by the banks is so common that most Americans will get credit card applications sent to them in the mail a couple of times per month.

However the dirty little secret that economists and financiers never tell you is that our fiat currency system is not based on real money, and that the longer you use it the poorer you become.

Since 2008, the world's money supply has expanded several fold, but the overall wealth of 99% of the people has diminished significantly.  And at the heart of this con is none other than the central banks themselves.

So with this in mind how can the average person hope to fight against a system that not only has the support of governments around the world, but in many instances where these banks actually own and control governments?  The only answer is to become your own central bank, and to do so using a form of money that doesn't diminish its purchasing power.

And that form of money of course is gold, and the way to become your own central bank is to disconnect from the current system the same way nations like China, Russia, and even now Europe are seeking to disconnect from the dollar and SWIFT system.

Right now there is one reputable company that facilitates someone exchanging their wealth and currencies into gold, while still being able to function in the global financial system.  However there is a anther company that is coming online in just a few days that will allow you to do all of these things, but also invest in the system itself to be able to receive earnings on all transactions that occur within the platform.


Just like a central bank does.
Set to be launched by the Allocated Bullion Exchange (ABX) – the world’s first electronic institutional allocated physical precious metal bullion exchange – Kinesis is a wholly integrated value exchange system, linking to globally accessible crypto currencies that are directly backed by hard assets in gold and silver, giving them intrinsic value. 
The real challenge for an alternative global system of value exchange is not for it to be a wealth creation exercise for the elite, but an effective method of transfer that is stable, cannot be manipulated by institutions or governments, protects the individual, has an intrinsic value and can be used quickly for ordinary, day-to-day transactions. 
The Kinesis currencies 
KAU (gold-backed, 1 KAU = 1 gram of gold) and KAG (silver-backed, 1 KAG = 10 grams of silver) are linked directly to above ground gold or silver, so can never be sold below the current price of gold and silver, which gives them stability. The currencies are protected, as they decentralise control from banks to the individual, who retains 100% title to their value at all times, unlike bank deposits.
The deposits of fully insured gold and silver are held in third-party vaults with the highest security rating across the world and these holdings will be subject to semi-annual third-party holding audits. To put that in perspective, the last full audit of the gold held in Fort Knox took place in 1954. The Kinesis system is based on LBMA (London Bullion Market Association) bars, officially recognised via the legacy system, with all associated taxes paid. 
In short, Kinesis is an ethical system that enhances money as both a store of value and a medium of exchange. 
Transactions take just 2-3 seconds and are proportionate to what you are buying, so, unlike other crypto currencies, these can actually be used in day-to-day transactions like buying a cup of coffee. 
When you pay over the currency unit, which can be allocated using your Kinesis debit card, you are also paying over that percentage share of the gold or silver that goes with it. At the same time, transactions costs are a fraction of alternatives, making the whole system viable for day-to-day use in even small amounts. And the Kinesis debit card can be used to access cash at ATMs. - Global Banking and Finance
And when we mean being able to receive a yield or return on your investment for becoming a part of Kinesis and thus your own central bank, this is how earnings from transactions on the platform occur.

Underpinning it is a unique multifaceted yield system that promotes the use of Kinesis as a medium of exchange while distributing back the wealth generated according to proportionate KVT (Kinesis Velocity Token) holdings and velocity. 
The KVT is an investment in the soon to be launched Kinesis Monetary system. Stakeholders are essentially buying into the success of the system. Holders of the KVT tokens will receive a 20% proportional share of the transaction fees from the Kinesis Monetary System. 
The token rewards participants, proportionately to the growth of Kinesis Monetary System. To perpetuate growth of the Kinesis Monetary System, Kinesis have released the Kinesis Velocity Token (KVT). KVT’s are limited to 300,000 only. This will create an additional layer of income for token holders on top of the value of the token itself.
Token based finance on the Blockchain appears to be more and more where the future that money is headed towards.  And while many are pushing non-backed cryptocurrencies like Bitcoin as the alternative to central banking and fiat currencies, they have as yet the ability to function as a stable medium of exchange in commerce unlike what gold and silver can do.

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