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rgy Sector. Don't miss an episode of this premier podcast! Join us for powerful interviews with industry leaders, sharing their cutting-edge insights on bitcoin, crypto, AI, cybersecurity, and the digital revolution. Don't miss out! Our electrifying episodes are available worldwide on Spotify, LinkedIn Live, YouTube, Apple Podcasts, Google, and the Metaverse. If you're interested in being a guest on the podcast, please email [email protected] with your bio and the subject area you'd like to discuss. Read our Digital Monetary Policy Below:
AmeriCoin Monetary Policy: Revolutionizing Economic Equality and Stability
The legacy of Dr. Martin Luther King Jr. will always be remembered for his undeniable role in the civil rights movement. Another cause he championed towards the end of his career before his assassination in 1968 was the belief that poverty, not just among people of color, should not be normalized. He fought tirelessly to find solutions to this issue. Income inequality is often blamed on cheap labor in China, unfair exchange rates, and job outsourcing. Corporations are frequently targeted for prioritizing profits over workers, which increases their earnings. companies must compete with lower-priced Chinese and Indian companies that pay their workers much less. Consequently, many companies have outsourced their high-tech and manufacturing jobs overseas. Since 2002, the United States has lost 20% of its factory jobs. The idea of Universal Basic Income became a popular policy again in 2019 when Andrew Yang, who ran for president as a Democrat, announced he would implement a guaranteed income if elected. Yang proposed a guaranteed payment of $1,000 per month, or $12,000 per year, for all U.S. citizens over the age of 18. Although Yang dropped out of the Democratic race, his idea gained renewed attention due to the COVID-19 pandemic, which brought it back into mainstream policy debate. The question remains: how far will $1,000 go? Yang did not address the potential impact of inflation triggered by increased demand for goods and services. In the long run, there may not be a significant increase in the standard of living for poverty-stricken families because of inflated prices. Alastair Caithness, Head of the AmeriCoin project, stated, “AmeriCoin is the only feasible way to save Main Street America. I credit Andrew Yang and the Yang Gang for their sentiment; however, we must provide more than just pure survival but a solution to kick-start the US economy and give every American the opportunity to live the American Dream." The current Federal stimulus plan risks pushing too many Americans into poverty and relies heavily on the Federal government for survival. This plan is exploding the Federal deficit, potentially turning the US into a debtor nation, which could damage our economy and world standing well into the 21st century. There is an alternative option available. AmeriCoin converts the Federal government's substantial resources into a usable currency, which will be distributed to all American citizens. This distribution will level the economic playing field for all Americans and serve as a form of reparations and basic income for U.S. citizens who have struggled to achieve economic liberty. AmeriCoin will exist as a digital asset and tokenized store of value, enabling the U.S. economy to function without the controls of the Federal Reserve and the Federally chartered banking system. Initially, AmeriCoin should coexist with the U.S. dollar (USD). To gain buy-in from the American people, the USD should remain in place, and the value of AmeriCoin should be benchmarked to a single USD. The development of the blockchain now enables the Federal government to distribute the tokenized value of its significant real assets into the hands of Americans using a digital wallet. It is possible to set up a digital wallet for every American and to distribute AmeriCoins using Social Security numbers in a matter of days. It has been over 50 years since Dr. Martin Luther King Jr. passed away, and his fight for equality and ending poverty remains unresolved. The Federal Government’s one-dimensional inner-city federal housing policy had unintended consequences, including displacing residents, demoralizing communities, and creating concentrations of poverty, unemployment, and crime. The severity of COVID-19 was a crisis within a crisis in inner-city areas, where problems and statistics were magnified compared to the rest of the U.S. Media focus on inner-city problems typically lasts only a few fleeting months every four years when Presidential candidates sense opportunity and offer promises and solutions to problems that have plagued generations. After November, little is accomplished, leaving residents from those communities frustrated and helpless. It is worthwhile to consider how Martin Luther King Jr. would have viewed a solution that involves tokenizing the National Reserves and federal energy assets to remedy some of the problems that plague poverty-stricken people. This dream may become a reality with the advent of emerging technologies such as blockchain and tokenization, which can make those dreams a reality.
