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I am the Alpha and the Omega, the beginning and the end – IMF/World Bank WBDC – Unicoin (UMU)

By
John Mc Keown
-
4

So.. a new development came in the blockchain space over the week.. and it didn’t make a huge splash in my feed, nor did it show up in any ‘weekly rundowns’ I read..

It’s a new WBDC – yes you read that right. ‘W’ is too far away from ‘C’ on the keyboard for it to be a typo.

‘World Bank Digital Currency’

It’s called the Unicoin, also known as UMU.

The last post I started working on (which wasn’t very long) was about Musk’s XAI. I started viewing material about it on Thursday, more urgent matters intervened, and I didn’t get to assemble it and publish it until the next day.

As I released it, I noticed there was no shortage of others covering the story.

That’s the ‘Musk Factor’ and maybe if Unicoin had been breaking news a different week, it would have probably risen higher on peoples radar.

So what exactly is the Unicoin?

A ‘Stacker News’ tread contributor wrote: The IMF clearly didn’t do any research before picking the name “Unicoin”. There are at least two other currencies that are also called “Unicoin”….

Supposedly there is a whitepaper for IMF’s Unicoin, but I can’t find it anywhere. The only thing that mentions a whitepaper is the FAQ, but that’s a reference to Bitcoin’s whitepaper. Without a technical description, Unicoin could be anything.’

Another thread contributor claimed that the announcements from the IMF were written in a very new language known as ‘shitcoinese’. I sensed some satire in that.

To understand what a Unicoin ‘NOTIONALLY SHOULD BE’ as we go to a sovereign nation’s currency to understand the anchor of a CBDC, we should go to the IMF to understand the functioning value instrument they use as a basis for defining their unitary financial engagements.

For this we look at a contrivance known as the IMF’s SDR Basket.

This is a reserve of the IMF which is a cocktail of different leading currencies in various proportions.

The Renminbi (Chinese Yuan) was admitted in 2016.

In theory, if this was the truth, then as a means of value exchange, it wouldn’t be a bad thing on the face of it.. the cocktail formula would render it less vulnerable to sovereign weaknesses of individual CBDCs due to the fiscal performance of its sovereign state.

The IMF SDR basket composition, which should ‘NOTIONALLY’ decide what one Unicoin (UMU) is.

If Nigerians were given free access to this in exchange for Naira, this wouldn’t be bad at all…because the Naira is a restricted currency, the eNaira inherits its sovereign properties, and provides no better capability of border crossings than physical notes.

If IMF/World Bank were to ‘require’ FGN to give its citizens free and open access to Unicoin (UMU) it would render many aspects of the cryptocurrency ban impotent.

However, Next News Network says: ‘…the International Monetary Fund (IMF) just announced their plan to launch a revolutionary digital currency: Unicoin. This futuristic currency is poised to take over the global banking system, leaving national currencies like the dollar in the dust…Is this a financial revolution or a subtle form of monetary tyranny? Some experts warn of the IMF’s sinister plan for control and domination, sparking concerns about financial sovereignty.’

https://www.youtube.com/watch?v=log3n0GYHnw

 

Moreover the Unicoin/UMU appears to be the work of an organisation called the DCMA (Digital Currency Monetary Authority) which does not seem to be directly under the auspices of the IMF, but a separate entity of sorts.

The CEO of DCMA is one Darrell Hubbard, and one George Walker, a Partner at Practus, LLP, specializing in international law, facilitated meetings between the DMCA and the IMF.

Different documentation suggests the Unicoins’ emulation of the SDR basket composition is ‘a target’.

Well.. a target… what’s that? It either is, or it isn’t. When aligning value instruments, they are either pegged or not. Subjective language is worrying.

Talking up the Unicoin, George Walker said:

Although the IMF has not officially endorsed Universal Monetary Unit, in reviewing the DCMA’s Whitepaper and in weekly team discussions, the IMF has yet to state any objections to UMU’s FX premium rates and its monetary sovereignty approach.

Whatever that is supposed to mean.

My conclusion: Jury is still out.

9ja Cosmos is here…

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All reference sites accessed between 15-16/04/2023

nextnewsnetwork.com/2023/04/13/imf-and-the-global-elite-launch-unicoin-a-digital-trojan-horse-for-the-financial-apocalypse/

kitco.com/news/2023-04-10/IMF-unveils-Unicoin-A-global-legal-tender-settlement-CBDC.html

beincrypto.com/whats-deal-new-international-cbdc-unicoin/

unicoin.com/

dcma.io/

winepressnews.com/2023/04/13/the-digital-currency-monetary-authority-launches-an-international-cbdc-called-unicoin-at-imf-meeting-for-all-nations-to-transact-with/

endtimeheadlines.org/2023/04/imf-unveils-new-global-currency-known-as-the-universal-monetary-unit-that-is-supposed-to-revolutionize-the-world-economy/

coinmarketcap.com/headlines/news/ripple-the-central-banks-of-central-banks-launches-cbdc-can-xrp-beat-it-due-to-superior-tech-report/

www.imf.org/en/News/Articles/2016/09/30/AM16-PR16440-IMF-Launches-New-SDR-Basket-Including-Chinese-Renminbi

 

 

 

What Could Make You #Believe As A Young Person in Your Nigerian State Government More?

By
Ndubuisi Ekekwe
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3

As a Nigerian young person, what three things could be done to make you #believe more in your nation and especially in your state government? Yes, despite any framework or initiative by any government, if the young people do not connect into it, that framework has no chance.

In other words, if you do not get the youth to believe that their future would be better under whatever you are pushing out as policy, you have lost an unborn opportunity. So, as we look at Nigeria, what could be done to get the young people to #believe, especially at a state level.

Background: During the days of Chief Sam Mbakwe as governor of the old Imo State, my grandmother gave me 25 kobo to contribute towards a donation fund on a Monday morning. I was in primary school and on a Sunday morning, the governor was on TV showing a piece of paper. I knew nothing about what he was talking about but the next day, the headmaster said that the governor needed money to build this and that, and that we should ask our parents and guardians to contribute. It was an involuntary contribution. My grandmother like other Imolites responded, and sent the governor money.

What do you think a government could do to get Nigerians back to that level of partnership? Or better, what can a government do to get your interest to that enviable level which men like Mbakwe, Rimi (Kano), and Jakande (Lagos) demonstrated? #ThreeThings

Share below…

Sociological Imagination: Between Idealism and Realism

By
Tiamiyu Ismail
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0

The first debate on Realism Vs Idealism was probably traced to 300 BC during the Hellenistic transformation which was greatly impacted by the Greek classical Philosophers. Two notable philosophers of this era, Plato and Aristotle, were said to prepare the grand framework on which much of the modern philosophies are predicated.

Plato found the Academy in Athens where the Greeks and those from faraway nations went to learn the art of doing philosophy. Plato’s school of thought is a top-down worldview where the philosopher is a part of the world’s order. Plato’s philosophy of forms is based on the notion that all material or physical forms have their unfathomable ethereal energies called ‘’the soul’’ which gives substance and meaning to their existence and experiences.

According to Plato, for every horse (physical form) there is a horseness (soul) which makes it impossible for the horse to become a Lion or a Cat. This kind of analysis espouses the belief that human development and experience transcend the scope of personal volition or conscious actions.

Later, Aristotle who used to be a very brilliant and beloved student of Plato departed from the doctrine of his master to found his own path  which evolved to be called the peripatetic school. Aristotle believed since the ideal remains unfathomable, it is better to start the intellectual journey from what is readily accessible and discernible which is the reality or the material forms. Consequently, a bottom-up approach to doing philosophy emerged.

On forms, Aristotle dissects the transmutation of energy from potential to reality through his analogy of the oak and the acorn. The oak tree was a potential energy in the acorn which only manifested under certain conditions.

Since the time of Plato and Aristotle, contemporary theories and thoughts in modern disciplines have developed along the polarities of Idealism and Realism. In Sociology or Social sciences generally, the Idealist Vs the Realist debate persists and has continued to engender intellectual discourse and development of new insights.

The Social realists, also known as empiricists, argue that social life can only possibly be analyzed objectively. A part of this group believes people’s experiences and realities are consciously or unconsciously shaped by a set of beliefs and values handed down to them through the institutions that maintain social order. Emile Durkheim, a French classical Sociologist, describes this as the imposition of social facts.

According to Durkheim, social facts including material culture and nonmaterial cultures such as beliefs, norms, values, rituals and doctrines are external to the human self which then grow to become the coercive force of the human thought, actions and sense of being in Society. In other words, social facts make up the collective conscience of a people which guide their thoughts, inclinations, behaviours and realities.

The social realists believe human nature is expressed, objectified and improved in the course of their interaction with their environment. External events and things such as social facts influence the choices of people as to how they conduct themselves in social gathering and exert their creative energy for economic subsistence.

On the other side of the debate are the idealists who believe that social creation and the continuing social order cannot be simply attributed to social facts even though they are real. According to the idealists, human beings have creative talents and freewill that enable them to deal with their realities or social facts as necessity demands.

For the idealist, the social world is but a conception of the mind; all social events including the imposition of social facts derive essentially from human creative capacity expressed and given meaning through day-to-day social interaction.

However, a sociological model of reconciling the gap between the idealists and realists was offered by C. Wright Mills, a 20th century American Sociologist. He called this doing sociological imagination. According to Wright Mills, Sociological imagination is about ‘’examining the individual biography along the general context of the history of society’’.

Seeing and Approaching the “Burning Bush” in Companies, and Career Promotions to LEAD

By
Ndubuisi Ekekwe
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1

One of the greatest attributes for leadership is authenticity. Another is awareness & observation. Without awareness & observation, we miss opportunities even when they’re glaring.  Let’s take a case study.

He was on Horeb, and saw a burning bush: the bush was on fire but it did not burn up. So he thought, “I will go over and see this strange sight—why the bush does not burn up.”

First, his attention was needed for a very important message. He needed to be consumed by something uncommon. Secondly, his bravery was tested: he went over instead of running away when he saw the burning bush. Then, his God called him “Moses! Moses!” and revealed a mission.

The burning bush was to get his attention and that was critical before a big message was to be revealed. In your career, when you see that “burning bush”, what do you do? Do you run away?

Some people run away while others take the challenges. Yes, take those huge tasks to save that company. Usually, in the middle of that challenge, glory will come. For Moses, it was to lead his brethren; in business, you could be the next CEO, GM, ED, etc!

What is the burning bush before you in that company? Without awareness and observation, you may not even know the company is asking for your attention to be called to #LEAD. Until you can see and approach the “burning bush”, and not run, that career ascension may not come.

Build Your Webinality – 9 Ways of Standing Out in the Web

A new French bill requires influencers to disclose use of filters, photoshop; we need this law in Nigeria.

By
Stanley Alieke
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0

In France, a new bill has just been passed by the French parliament waiting to be assented to into law by the French executives. The bill in its summary requires social media beauty/wellness products influencers to fully disclose the use of filters in their video or picture posts and also disclose to the public if the picture or video they posted was natural or edited or photoshopped while promoting a beauty product. They are as well legally expected to be honest about whether they have tested and used the product they are promoting or influencing as a social media public figure or influencer. 

This law has taken this form of full disclosure outside the realm of morality to the jurisdiction of legality; now you as an influencer (when the bill is assented to) are legally bound to let your followers and the general public to know if the picture you posted is natural or edited or photoshopped, failure to do that you risk going to jail. 

This bill also aimed at regulating the use of filters and photo-editing software by social media influencers and as well curtailing the lies, bluffs or wild claims by beauty promoters on social media who lie about products and deceive their gullible followers in order to promote or sell the product.

A law like this is more important in the Nigerian social media space today because there is a whole new level of fraud and criminality going on in the Nigerian social media space in the guise of influencing. Product influencers who are mostly celebrities and popular figures in Nigeria always promote products which they do not use and have never used and tell lies about the efficacy of those products. 

We have seen cases of teeth-whitening product influencers who were caught red-handed that they never used the teeth-whitening product they are influencing, rather they used filters and editing apps to whiten their teeth claiming that their teeth got Whitened due to the efficacy of the product. Acts like this have transcended the realm of morality, it should be criminalized. It is fraud to promote a product that you have never used or know if it’s efficient or even safe for consumers and you to lie about it and deceive your followers and those that take you by your words only for them to end up getting scammed and defrauded. 

Body whitening creams and soaps, butt, breast and penis enlargement products and aphrodisiac (kayamata) influencers are all guilty as well of this fraud. It’s been found out that 99% of the influencers who influence body whitening creams and soaps only use filters to edit their pictures and videos so as to have clear and smooth skin in order to lie and claim that it is the efficacy of the products that are working miracles on their bodies.

All ye influencers who engage in acts like these, you are a thief and a fraudster and I’m sure that other countries especially Nigeria will learn one or two from the French parliament so as to pass a bill as well criminalizing acts of this nature.

The easiest way to sell fraud to Nigerians now is through social media influencers; crypto fraudsters and Ponzi schemes always explored this avenue so well to defraud huge sums off gullible Nigerians, this is because there are yet to be strict regulations or legislations on social media influencing and advertising, unlike the mainstream media where there are heavy regulations and plethora legislations on advertising. 

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