I encourage you to read Daisy’s FedNow article.  It will give you a good idea of how digital payments will be initially billed as a convenience, then something we can’t do business without.  Read the article, and then imagine digital currency on a global scale.

This is in the works, too.

Worldwide digital currency

On April 10, the Digital Currency Monetary Authority (DCMA) launched its international central bank digital currency.  Proponents claim that this Universal Monetary Unit (UMU, Ü) will be used exactly like any other form of digital money.

Side note: DCMA has also been referring to the Universal Money Units as Unicoin.  However, since there is a separate cryptocurrency also going by the name “Unicoin,” we’ll refer to this as UMU. (source)

You may be wondering, what is the DCMA?  What countries is it affiliated with?  Is it part of the  United Nations?

As explained in this Redacted video, DCMA is run by bankers and unnamed government officials from around the world.

The DCMA is described as “a world leader in the advocacy of digital currency and monetary policy innovations for governments and central banks.  Membership within the DCMA consists of sovereign states, central banks, commercial and retail banks, and other financial institutions.”

On its website, the DCMA states that its mission “is to enable trade globalization through the monetary integration of international payments and settlements while strengthening national economies [sic] monetary sovereignty.  The first wave of cryptographic cash was designed for public untrusted networks.  The DMCA reimagines the next wave of cryptographic innovations engineered for adoption by central banks, retail and commercial banks, Fintech, governments, and cryptocurrency exchanges.”

Here’s what makes UMU Unicoin different

UMU’s big advantage, what makes this different from individual countries’ proposed CBDCs, is that it can be used for cross-border transfers of money.  Offering UMU users discounted foreign exchange rates is part of the plan to encourage adoption.  International Monetary Fund (IMF) representatives claim that right now, exchanging currencies between different nations slows down transactions and increases the cost of doing business; they claim that UMU will dramatically speed things up.  Like FedNow, they are using the convenience of instant payments, coupled with the promise of the best foreign exchange rates, as a method of promoting this new payment framework.

As of January, 114 countries, representing over 95% of the world’s economy, are exploring CBDCs, and a few have already rolled them out.  However, as BeInCrypto noted, the rollouts haven’t gone particularly smoothly, which makes this rollout of a global crypto framework linked to the international banking system somewhat surprising.

Here’s what happened when the Nigerian government tried to force the issue.

China’s use of the digital yuan to enforce its rigid social credit system is well known.  However, we can also look to Nigeria to see what can happen when governments attempt to impose CBDCs on the population.

In 2021, Nigeria became the first African country to implement a CBDC, the eNaira.  Nigeria struggles a great deal with terrorism and counterfeiting operations; CBDC cheerleaders claimed that switching to digital currency would address some of these problems.  Since 35% of Nigerians use cryptocurrencies, government officials assumed that Nigerians would hop right into a CBDC system.

They were wrong.

35% of Nigerians may be comfortable with crypto, but less than 0.5% signed up for the government-issued eNaira.  The ones that did download it gave it lousy ratings.  No one really wanted it; many vendors wouldn’t accept it.

So, the Nigerian government tried forcing everyone to use it.  They restricted cash withdrawals to about US $44 a day or no more than about US $217 a week.

Authorities hoped that this would force people onto the CBDC. Instead, it resulted in chaos.  A tremendous cash shortage ensued, and some governors claimed their territories were “on the verge of anarchy.”

Since then, the Nigerian government has slowed down its rush to become a cashless society.  They had originally planned to be totally cashless by January. This did not work, and people will be able to use their bank notes until the end of 2023. (source)

No one would call this an inspiring success.  But no one seems to want to change courses, either.

Sweden is NOT actually a cashless society.

Mainstream media continually holds Sweden up as an example of a wealthy, functional cashless society, but this is disingenuous.  Sweden’s not actually cashless.  Yes, most Swedes choose not to use cash, but the government has actually passed laws saying that it has to be available.  Why?  Because the Swedish government, quite sensibly, admits that digital money is vulnerable to disruption, whether through natural disasters that disrupt the grid or something like an EMP.  They know that they need backup currency in case of emergency. (source)

Sweden is investigating CBDCs, just like everyone else.  We’ll see where they land.  Interestingly enough, their mostly-cashless society is being sold on digital currency for the same reason the Africans are: the ease of cross-border payments.  The Swedes have been functioning mostly without cash but also without a CBDC.  So why would they want an e-krona?  To make international trade easier, and that brings us right back to the UMU.

Things are not going well in the financial world.

Patterns are emerging.  Failures abound.  Fox just fired its most popular host.  Anheuser-Busch slapped its working-class customer base in the face with its hiring of TikTok star Dylan Mulvaney as a promoter.  It’s cost the company at least $5 billion.

And then the bank failures!  Three out of the four biggest bank failures in American history have occurred in the last two months.  Daisy wrote about First Republic failing on Monday. Signature Bank and Silicon Valley Bank both failed in March.  As of Tuesday, several other regional banks started to collapse, as reported by ZeroHedge.

When small businesses go under, bigger establishments win.  J.P. Morgan Chase is now the biggest bank in the U.S.  As there are fewer and fewer banks to negotiate, implementing new rules (like CBDC) becomes easier because fewer entities need to agree.

The bank bailouts of the past 15 years have been rewarding poor investment decisions and destabilizing the financial system, as explained by Peter Schiff.

We’re at the beginning of another round of crashes, but what is the financial sector doing?  As of May 1, the Biden administration will be slapping those with high credit scores with additional mortgage fees to subsidize home loans for people with poor credit.  We had a collapse in 2008; it looks like we’re at the beginning of another crash.

And yet we insist on incentivizing poor lending behavior.

Businesses are making poor decisions left and right, seemingly heedless of consequences.  Those trying just to make money are being hampered by ESG and CEI scores.  It’s like there’s a conscious effort to destroy business as usual.

The more time goes by, the more I suspect that’s the point.  As Daisy noted in the FedNow article, widespread bank failures will make people desperate, and desperate people become willing to sign on for “solutions” like CBDCs that they otherwise may not have.

Is this the road to global governance?

Once CBDCs are common among nations, UMU will follow.  And UMU will greatly facilitate global governance.

This probably sounds crazier than it should, but we’ve been sleepwalking toward global governance lately.  Look at the WHO’s most recent treaty.  If this gets ratified, which is very likely, all signers will have given sweeping powers to a huge, unelected group of global bureaucrats.  Global currency is just another nail in the global governance coffin.

I don’t think this will happen overnight.  I agree with Rebel Capitalist’s recent assessment that this will be a process. Getting everyone onboard with a CBDC will take time, particularly if governments want to avoid social disruption.  Nigerians were stripping their clothes off and smashing bank machinery in protest when they couldn’t get cash. I imagine American bank owners would prefer to avoid that.

Adding a global layer of infrastructure is that much more work.  But just because it’s five years down the road doesn’t mean we should ignore what’s going on right now.  Frameworks are being put in place that, in a perfect world, could conceivably lead to streamlined international business.  But we don’t live in a perfect world.

Between Covid, and the Afghanistan debacle, and the widespread dysfunction within the business community, I don’t think it’s far-fetched for anyone to harbor serious concerns about the competence and motives of those in power.

CBDCs are a danger to freedom.

The frameworks being constructed will enable a level of surveillance and control that past dictators could only dream about.  We need to call it what it is and do what we can to delay implementation.  Florida Governor Ron DeSantis and Texas Senator Ted Cruz are both calling for CBDC bans. I don’t live in Texas or Florida, but I applaud those politicians for speaking out about it

Most of us probably need to educate friends and relatives about CBDC, too.  I’ve been shocked at how many people have no idea that this is in the works.  Advertisements for instant payments are all over the place; if most people had better spending habits, this wouldn’t be anywhere near as appealing.  If you have teenagers and young adults in your house, talk about finances with them.  Solid budgeting skills make instant payments unnecessary.  Make the youngsters in your life aware of the costs of constantly doing whatever is most convenient.

Unfortunately, I agree with Daisy in that this is probably going to happen regardless of what we do.  However, we can still do our best to starve the beast by minimizing our digital footprints and doing as much as we can on our own or within a trusted network of friends.  We don’t have to stumble into the New World Order blindly.  We can be difficult.

Two years ago, there was a widespread push to mandate certain medical treatments across the workforce.  People stalled, argued, and filed lawsuits.  Mandates started going away, and just this month, the U.S. is finally ending its vaccine requirement for foreign travelers.

Do I think this is a permanent reprieve?  Oh no.  I think medical passports will come back in some other form, for some other disease.  My point is simply that dragging our collective feet might buy us a little time.

Sunlight is the best disinfectant for government policies as well as laundry.  By spreading awareness about the CBDC and UMU frameworks being put in place, hopefully, we can slow the adoption of these massive surveillance tools.

What are your thoughts?

Do you think UniCoin or Universal Monetary Unit is part of the plan to institute one global currency? Do you think this will move the world further toward digital currencies and cashless societies? What potential problems do you see with that, if any?

Let’s talk about it in the comments.

About Marie Hawthorne

A lover of novels and cultivator of superb apple pie recipes, Marie spends her free time writing about the world around her. Article cross-posted from The Organic Prepper.

All of the world’s central banks, including the private Federal Reserve, and commercial banks will be able to use Unicoin to settle trades with each other. Unicoin’s unveiling occurred at the annual spring meetings of the International Monetary Fund (IMF).

In a press release, the DCMA, in case you are unfamiliar with it, described itself as a “world leader in the advocacy of digital currency and monetary policy innovations for governments and central banks.”

“Membership within the DCMA consists of sovereign states, central banks, commercial and retail banks, and other financial institutions,” the press release goes on to explain.

On its website the DCMA goes into further detail about how its purpose is to advocate for a one-world digital currency that would allow for “trade globalization through the monetary integration of international payments and settlements while strengthening national economies’ monetary sovereignty.”

“The first wave of cryptographic cash was designed for public untrusted networks. The DCMA reimagines the next wave of cryptographic innovations engineered for adoption by central banks, retail and commercial banks, Fintech, governments, and cryptocurrency exchanges.”

Are you ready for a new world order?

The Unicoin network is where all of this is slated to occur, this being a decentralized international banking network open specifically and exclusively to central banks and the other aforementioned entities. Central banks can also deploy their own individual CBDC monetary systems on the Unicoin Network Crypto 2.0 protocol.

The DCMA is also working on trying to develop a new unifying platform for the Unicoin cryptocurrency, which it plans to power with artificial intelligence, or AI.

“They claim this platform will allow central banks to convert their own currencies into Unicoin for easier international trade, while also allowing more stability against price fluctuations,” reports Leo Hohmann.

“So not only do we have a digital version of the Bank for International Settlements but we now have it endorsed by the IMF.”

Up until now, we have mostly heard about individual central bank crypto coins of CBDCs at the national level, which would not constitute the one-world currency spoken about in the Bible. This new Unicoin scheme by the IMF, however, would seem to fit the bill in many ways.

Ever since World War II, the global financial system has utilized what is known as the SWIFT system and the Bank of International Settlement (BIS) as conduits for the exchange of fiat currencies. If Unicoin becomes the new standard, SWIFT and BIS will become history.

Even if every country in the world develops its own unique CBDC, there will still need to be a centralized system and unified currency in place to handle the transactions. This is the purpose of Unicoin.

“We are already moving to the world of digital currency,” says Alkesh Shah, a crypto expert with Bank of America Securities, explaining the difference between our current electronic system for fiat and the new Unicoin and CBDC-based system.

“We think we are digital today with our currency – we are not. We are electronic. We always need a middle man. Once there is digital you don’t need a middle man. You can actually use it like cash. I give Harry some money smartphone to smartphone. And that’s the promise of digital. We’re not there yet … but we’re getting there, and we will be getting there with digital assets and one day with the Fed actually putting out digital currency.”

The latest news about the switch from paper fiat to digital crypto can be found at DollarDemise.com.

Sources for this article include:

• LeoHohmann.com
• NaturalNews.com
• NATURAL NEWS

Here’s another attempt with the help of Michael Snyder from The Economic Collapse Blog. We may be witnessing the birth of something I’ve been warning about for a while. It’s no secret that governments around the world, including the Biden-Harris regime, are plunging headlong into the freedom-killing quagmire of Central Bank Digital Currencies. But as I’ve noted, getting a bunch of CBDCs in play is only a step toward the end goal. I’ve been annoyed to read some journalists claiming CBDCs are the endgame. They are not.

A one-world currency that consolidates and centralizes CBDCs is the endgame, at least from a financial perspective. They don’t want a Digital Dollar, a Digital Yuan, a Digital Euro, and other digital currencies doing their own thing. They want everyone everywhere on the globe using the same Digital Enslavement Currency, and the International Monetary Fund may have just rolled it out in the form of Unicoin.

Read what Snyder says about it, then I’ll finish with some closing thoughts…

The IMF Has Just Unveiled a New Global Currency Known as the “Universal Monetary Unit” That Is Supposed to Revolutionize the World Economy

A new global currency just launched, but 99 percent of the global population has no idea what just happened.  The “Universal Monetary Unit”, also known as “Unicoin”, is an “international central bank digital currency” that has been designed to work in conjunction with all existing national currencies.  This should set off alarm bells for all of us, because the widespread adoption of a new “global currency” would be a giant step forward for the globalist agenda.  The IMF did not create this new currency, but it was unveiled at a major IMF gathering earlier this week…

Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.

Universal Monetary Unit (UMU), symbolized as ANSI Character, Ü, is legally a money commodity, can transact in any legal tender settlement currency, and functions like a CBDC to enforce banking regulations and to protect the financial integrity of the international banking system.

As the press release quoted above indicates, this new “Universal Monetary Unit” was created by the Digital Currency Monetary Authority.

So who in the world is the Digital Currency Monetary Authority?

Honestly, I had no idea until I started doing research for this article.

The press release says that the organization consists of “sovereign states, central banks, commercial and retail banks, and other financial institutions”…

The DCMA is a world leader in the advocacy of digital currency and monetary policy innovations for governments and central banks.  Membership within the DCMA consists of sovereign states, central banks, commercial and retail banks, and other financial institutions.

Basically, it sounds like a secretive cabal of international banks and national governments is conspiring to push this new currency down our throats.

We are being told that the “Universal Monetary Unit” is “‘Crypto 2.0”, and those that created it are hoping that it will be widely adopted by “all constituencies in a global economy”…

The DCMA introduces Universal Monetary Unit as Crypto 2.0 because it innovates a new wave of cryptographic technologies for realizing a digital currency public monetary system with a widespread adoption framework encompassing use cases for all constituencies in a global economy.

I don’t know about you, but this sounds super shady to me.

Of course the Digital Currency Monetary Authority is not the only one that has been working on a new digital currency.

The UK has also been working on one.

The same is true for the European Union.

And would it surprise anyone that the Biden administration is touting the potential benefits of a “digital form of the U.S. dollar”?  The following comes from the official White House website…

A United States central bank digital currency (CBDC) would be a digital form of the U.S. dollar. While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC. If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost transactions, fostering greater access to the financial system, boosting economic growth, and supporting the continued centrality of the U.S. within the international financial system.

I don’t think that it is a coincidence that governments all over the western world are simultaneously developing CBDCs.

And the IMF has actually already put together an extensive handbook “to assist central banks and governments throughout the world in their CBDC rollouts”…

The International Monetary Fund (IMF) is putting together a Central Bank Digital Currency (CBDC) handbook to assist central banks and governments throughout the world in their CBDC rollouts.

Published publicly on April 10, the “IMF Approach to Central Bank Digital Currency Capacity Development” report outlines the IMF’s multi-year strategy for aiding CBDC rollouts, including the development of a living “CBDC Handbook” for monetary authorities to follow.

A lot of people out there will cheer when these digital currencies are introduced.

But it is imperative to understand that once everyone is using them, your financial privacy will be almost totally gone.

Authorities will be able to track virtually everything that you buy and sell, and I am sure that they won’t hesitate to use that information against you.

Needless to say, the potential for tyranny in such a system is off the charts.

Can you imagine a world in which you are restricted from buying meat for a while because you have already used your “carbon credits” for the month?

Your “financial privileges” could potentially be restricted at any time at the whim of a government bureaucrat, and if you are a big enough troublemaker you could be “deplatformed” from the system permanently.

Of course in order for such a system to have real teeth, cash and other forms of payment will need to be phased out, and that is precisely what is happening right now in Europe.  The following comes from the official website of the European Parliament…

To restrict transactions in cash and crypto assets, MEPs want to cap payments that can be accepted by persons providing goods or services. They set limits up to €7000 for cash payments and €1000 for crypto-asset transfers, where the customer cannot be identified.

Ultimately, they will just keep lowering the limits until the use of cash is almost completely eliminated.

Everyone will be slowly but surely forced on to the new digital system, and it will be a system that they control with an iron fist.

And most people will willingly go along with it.  These days, most people are just scraping by from month to month and one recent survey found that 70 percent of all Americans are “financially stressed” at this point…

Inflation, economic instability and a lack of savings have an increasing number of Americans feeling financially stressed.

Some 70% of Americans admit to being stressed about their personal finances these days and a majority — 52% — of U.S. adults said their financial stress has increased since before the Covid-19 pandemic began in March 2020, according to a new CNBC Your Money Financial Confidence Survey conducted in partnership with Momentive.

Most Americans simply do not care that these new digital currencies could open a door for great tyranny.

They just want to be able to pay the bills and take care of their families, and if our politicians tell them that this new system is good for the economy they will be all for it.

But those of us that are awake know that more globalism doesn’t lead anywhere good.

Concentrating even more power in the hands of the international elite is always a bad idea, and hopefully we can start to get more people to understand this.

Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

Editor’s Commentary

Those who have been attempting to expose the machinations of the New World Order, the globalist elite cabal, the Liberal World Order, or whatever they’re calling themselves these days have long said that a one-world currency will be required in order for the powers-that-be to have complete control over us. Unicoin really could be it, and hopefully my readers are cognizant of the fact that I do not jump on conspiracy theories very easily.

With that said, this particular conspiracy “theory” is materializing as fact. This is why it’s imperative that we do everything in our power to accomplish two things. First, we must fight this in any way that we can and unfortunately I’m not sure how that manifests. I know that making people aware is an important part of fighting the good fight because we will need to reach a tipping point of awareness to have a chance, but even then I’m not sure how to stop it. That’s above my paygrade. All I know is that people must be told the truth.

Second, it behooves us all to start (if you haven’t started already) building and/or joining localized networks for alternative commerce. Make friends. Build alliances. Get to know farmers, ranchers, shop owners… anyone who isn’t part of the corporate financial infrastructure. Again, I do not know exactly what that will look like or if alt-economies are going to be effective anywhere, let alone everywhere. I just know that smarter people than me are talking about it too, so there’s a good chance it’s on the right track.

The most important consideration for Bible-believing Christians is that we must never let our faith be secondary to anything. Surviving and thriving in this world is important to many of us, but we cannot allow that to ever supersede our faith. No matter how bad things get in this world, it’s our place in the next world that should be our greatest consideration.

God Bless you all.

The IMF’s Spring Meetings this year saw the announcement of the organization’s own, “international central bank digital currency” called the Universal Monetary Unit (UMU, aka Unicoin).

The IMF said in a statement that UMU functions like a CBDC and is a legal and global money commodity. The purpose of this particular iteration of a CBDCs is to make sure banking regulations are enforced, as well as to protect “the financial integrity of the international banking system.”

This currency will be used by banks via SWIFT codes and bank accounts linked to a UMU digital wallet.

The scheme is supposed to allow for digital cross-border payments modeled after SWIFT, and promises best wholesale exchange rates of settlement currencies and real-time settlement, “while bypassing the correspondent banking system.”

At the same time, IMF officials are describing the current cross-border payment system as slow, expensive, and risky, while declaring that UMU’s goal is not disruption of the international monetary system – such as it is – but rather, to further “strengthen” it.

Not only that, but the IMF looks set on rebranding the term “crypto” – normally associated with decentralized digital currencies that leave central banks and governments out of the equation. “Crypto 2.0” is how the IMF would market UMU, and likely, CBCDs in general.

Meanwhile, critics of CBDCs are using strong words to express their opposition to the trend, with some calling it a path toward financial slavery that is always a handy companion to political tyranny.

More criticism has to do with CBDCs being seen as a way of introducing social credit scores and digital IDs, thus having individuals fully ceding to the government control over their own assets and/or the amount they spend.

Unlike cash and decentralized crypto, CBCDs are feared to spell the end of private financial affairs, and usher in even more surveillance by the authorities.

Article cross-posted from Reclaim The Net.