Dual Currency Time

Introducing Karmic Credits – A Global Debt Resolution - A Vision for Financial Harmony.

In an era marked by financial crises and rising global debt, the concept of Karmic Credits offers an innovative solution. This system proposes that as individuals open preloaded accounts, the Global debt reduces by that exact amount thereby repaying global debt through positive action, fostering economic and moral equity.

Here, we delve into the mechanics of Karmic Credits and its transformative potential for global debt resolution.

Understanding Karmic Credits

Preloaded Accounts:

To facilitate initial adoption, Karmic Credit accounts are preloaded with 275,000 credits, providing a substantial starting point for global debt reduction through active participation and fostering trust.

The Karmic Credit trading system aims to align economic transactions with ethical behaviour, inspired by the principle of karma, where actions have consequences. Positive actions contributing to the common good are assigned a value through Karmic Credits, which can be used to offset debt. This approach fosters responsibility and interconnectedness.

# Structure and Mechanism

Mankind:

Individuals benefit through Karmic Credit accounts designed to end poverty and hardship. These credits, quantified and standardized, ensure fairness and transparency. The system is basic for secure and decentralized ledgering, ensuring accurate recording and trust in the system.

Governments:

Governments benefit as national debt reduces to a point where the debt has been fully repaid and the govt account goes into credit, but there is a secondary and more important benefit to govt spending, as benefits and subsidies are no longer required.

Implementation and Integration

The people would oversee the Karmic Credit trading system, keeping this needs-based system separate from the governments debt-based financial instruments, but integrated with existing financial frameworks.

# Phases of Implementation

·         Awareness and Education - Launch a global campaign to inform the public about Karmic Credits' benefits and operations.

·         Pilot Programs - Test the system's viability and impacts globally, refining its integration based on insights and data.

·         Global Rollout - Expand the system globally, integrating it with national economies in collaboration with international organizations.

Impact on Global Debt

Karmic Credits could revolutionize global debt management by linking debt repayment to account creation, incentivizing new contributions for the greater good. This collective effort can significantly alter nations' debt crisis where debt has been completely repaid with money over, promoting economic stability and growth.

# Benefits to Society

·         Economic Empowerment - Individuals financial well-being is directly impacted through positive actions.

·         Social Cohesion - Promotes cooperation and mutual support, strengthening community networks.

·         Environmental Sustainability - Encourages sustainable practices and will reduce ecological footprints.

·         Innovation and Progress - Fosters creativity and advancement, driving societal progress.

Challenges and Considerations

Implementing Karmic Credits solves several challenges, including:

# Ethical and Practical Issues

·         Standardization of Credits – the creation of karmic credits as a common currency valued 1 for 1 in every country across all cultures and contexts.

·         Inclusion and Equity - Ensures equal opportunities for all individuals to benefit from Karmic Credits.

·         Resistance from financial Institutions – Both the Governments and the people benefit equally, and solves the looming global issue stated by Ray Dalio.

·         Technological Infrastructure - Building a simple accounting platform capable of handling vast transactions simply and efficiently.

The Path Forward

Introducing Karmic Credits on behalf of Humanity signifies a bold step towards addressing global debt through transformative action and moral accountability. By aligning the people’s needs with geopolitical incentives and ethical behaviour, Karmic Credits can create a more secure and sustainable world.

Understanding Numbers:

For the American debt with a per-person debt of $142,000.00 less 275,000.00kc, the American national debt would be gone, replaced by $133,000.00 per-person, and this is the same for every other country.

This is not the people buying the debt as with normal supply-demand trends, as the people are not buying into the old system, but staying outside its reach, paying out the national debts, where GDP cannot be used as a unit of measure, and interest rates cannot affect the average joe until the Karmic credit account hits its 6-digit ceiling. This is where people step back into debt-based financial management and taxation.

The Offer

Humanity offers World Leaders a New Earth in which societies can self-regulate their financial need, and Governments can become responsible to those people, building co-operative infrastructure projects that make life easier while at the same time rebuilding ecosystems, and sharing basic resources without detriment.

 While the end of debt is good, the factors in creating this debt have been resolved, altering how governments will now act, outside of this old paradigm. New policies will need to be initiated as we Make Humanity Great Again. MHGA pronounced MahGa.