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Karmic Credits is a uniquely different Trading system designed to end poverty and create equality and stability throughout the world.
Built for freedom, equality, safety, security, stability and peace, Karmic Credits is a regenerative trading system that works very differently to the inflative debt-based fiat currencies we are using and the blockchains designed to replace it.
As a dual currency, Karmic credits is the Pirate Currency of the people which uses existing notes and coins and a different electronic system allowing credit to be spread far and wide, to anyone who needs it.
Although we think of credit as something that has to be paid back, it is not the case with Karmic credits because it is built to end poverty and hardship and remove the need for the accumulation of debt.
Karmic credits is regenerative, which means that money/credit is born when an account opens and it dies when an account tries to go past 6-digits, limiting each account to 999,999.99Kc.
Accounts are created through phone numbers, not names, and you can have as many numbers as you like for this is not limited, and what that does is prevent hackers and theft because there's no point.
The electronic system is a simple plus and minus accounting system, which does not include nor need fees, charges, or interest, nor require a periodic payment or loan facility, adding to increased weekly costs.
Karmic Credits is a true 1 for 1 currency pegged to every currency, and also 1 for 1 globally, where real world equality can finally prevail.
With a true 1 for 1 system, a single global wage for every man, woman, and child can be set at 30Kc per hour and this can even up country bias ending the use of the IMF weaponized currency values.
The Problem
Lack of credit means people, small farms and towns suffer, but this is no longer true.
Lack of a hierarchy, means there are no fat-cats taking from those who need it most.
Creating a flexible currency means we can have a fixed hourly wage for every man, woman, and child of 30Kc per hour.
Our Solutions
Karmic credits is a regenerative banking system designed to end poverty, homelessness and debt, and limit corruption, greed, and environmental terrorism.