Tipping Point Quick Hits (4.20.23)
The IMF's Unicoin, Pahlavi in Israel, and Destructive AI
IMF Unveils “Universal Monetary Unit”
During the spring meetings of the International Monetary Fund (IMF), the IMF and Digital Currency Monetary Authority announced the launch of something they are calling “Unicoin,” or the Universal Monetary Unit (UMU).
It’s a central bank digital currency for the world, intended to improve cross-border financial transactions:
Per the DCMA, the Universal Monetary Unit (UMU) seeks to offer a legally recognized money commodity that can be transacted in any legal tender settlement currency. Symbolized by the ANSI character Ü, the UMU operates like a CBDC, enforcing banking regulations and protecting the financial integrity of the international banking system. It also enables banks to securely connect SWIFT Codes and accounts to a digital wallet, facilitating real-time cross-border payments.
The IMF has not officially endorsed the UMU, but neither has the organization raised any objections to its approach to monetary sovereignty. Right now, it’s being pitched as a solution to protect the integrity of the international banking system, especially in a period of currency fluctuations, exchange rate volatility and inflation. The Unicoin could provide economic stability and eliminate the need for currency conversion when trading with other countries.
But as Perry Stone and I discussed yesterday in this week’s Tipping Point Show, any move away from cash and toward a purely digital financial system—including a one-world monetary unit—is a move toward the kind of financial control that will give way to the Mark of the Beast.
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