Decentralized Economy
Diana Hochman, February 2024
A decentralized order of balance of power, while not without its challenges, is the only way forward, and the last bastion of hope for humanity on earth.
A multipolar world is a decentralized global collective of nation-states. No one nation has primacy over any other nation in such an international relations paradigm. Each nation maintains its sovereignty and nations work in concert in regional bloc frameworks to achieve common goals that are mutually beneficial to all of the nations involved within the regional framework, as well as the larger collective body of nations in the global village.
To this end, a decentralized economy is the only option forward for freedom and justice. Up until now, the world was controlled from a centralized source of governance, dominated by the West through unipolar hegemony. However, this framework has imploded. Rather than Make America Great Again, Donald Trump uniquely hastened the collapse of America and by extension the Western Empire. This is evident in every sphere and vertical of human and public affairs. Multipolarity is diametrically opposed to unipolar hegemony. A move to a decentralized economy coincides with and in fact is synchronous with a multipolar world. The two compliment one another harmoniously. Perhaps, the reason God allowed Trump to be president again is so that Trump could be used to usher in the great transformation for humankind. Of course, America could be a part of this transformation, but due to sheer hubris will fall from grace, just like Satan in biblical literature.
In America, the economic system is rigged (for failure). Every adult is expected to carry a certain amount of debt. In fact, one is rewarded with “good credit” if one is able to keep one’s credit utilization at 30%. A person who is debt-free will actually harm their credit rating, as much as someone with bad credit does. America is $37 trillion dollars in debt and counting. And Donald Trump just saddled Americans with another $5 trillion dollars of debt. Meanwhile, a very small minority class of people have been shamelessly primed to benefit from bankrupting America’s future. The current monthly debt payment in America goes to interest and not even principal. America has dug itself into a hole it will not soon get out of. It just keeps digging itself ever deeper.
There are many factors involved regarding America’s debt, but the common denominator of the debt problem is poor fiscal management compounded only by waging interventionist foreign wars whose many repercussions have literally bankrupted both American and global society across all verticals of human life. Our children do not have a future to look forward to. And to make matters worse, other nations who once looked to America as a prospect to invest in, now look elsewhere, and in fact, are even focusing on divestment.
The credit card industry in America, that is, Visa, Master Card, American Express, and so forth, all of these dominate and control American lives. An American is not free to spend money in Russia right now and use their credit cards there because of America’s nuclear sanctions against Russia. No American, or any person on the globe in any place, should be told how or where to spend their money, as long as they are not committing a crime. In a decentralized economy, the credit card industry and the monopoly of the United States Dollar (USD) as noted via SWIFT will no longer be able to limit the mobility of any individual.
In a decentralized economy, nations will agree to become part of a global network of currency exchange brokers that transact all financials on a blockchain. In such a world, a person will be able to move around freely, and will be able to access his or her currency in any place at any time; and will store his or her currency in a Virtual Trust. Such a Virtual Trust (currency house) will be funded by a subscription fee per account, as it were. That is, to hold one’s currency in any particular Virtual Trust, one will pay a monthly fee in proportion to the amount of the currency one places in the Virtual Trust. Thus, the greater the amount of the currency account, the greater the storage fee, as it were. Aside from this, a Virtual Trust does not charge any other fees, except a nominal fee to exit (transfer funds) the Virtual Trust.
The currency account holder in a decentralized economy is always free to both transfer currency from one Virtual Trust to another and to other members on the currency exchange. While currency is held in a Virtual Trust, there are humans (not only AI) who work at the Virtual Trusts, often remotely, and located anywhere in the world, who are positioned to be responsive to customer needs. There may also still be physical locations of Virtual Trusts as well.
In this way, the new money, now called currency in a decentralized global economy, is wholly managed by the owner and/or his or her appointed financial manager; and no government in any place will be able to tell a private citizen of any nation-state where and how he or she may spend their money, excluding criminal activity.
Moreover, there will never be interest or fees for any purchases, aside from sales taxes which are determined by localities. The price of goods and services is determined by local markets, and the currency for these goods or services is charged according to the currency exchange rate in a specific vicinity. For many countries around the world, a free society is the only way forward. Because there are so many changes happening now at a rapid, if not alarming, rate, there is likely to be a major upset in the current monetary structures that dominated the world until now. Notably, we will see great turbulence in the International Monetary Fund (IMF), World Economic Forum (WEF) and the United States Dollar (USD) and Swift system(s). All of these systems are on target to become obsolete.
Fiat money and the current globalist new world order of unipolar hegemony is on its death bed. Placing Currency in Virtual Trusts, decentralized (blockchain), in a multipolar world where all nation-states are equally sovereign is the only way forward to finally emancipate humanity from the throes of oppression that have enslaved human beings for all of recorded history thus far. Globalism has fostered greed and inequality while concentrating wealth in the hands of a few select elite. The current monetary system has ravaged the world to the brink of ruin. A decentralized order of balance of power, while not without its challenges, is the only way forward for peace and prosperity, and the last bastion of hope for humanity on earth.
Published at 5:18 pm
