looking forward to Major changes in 2024
Bankcoin Price
US$2790
looking forward to Major changes in 2024
Bankcoin Price
US$2790
Bankcoin Price
US$2790
Bankcoin Price
US$2790
Major changes are happening around the world to do with Governments, Banks, Financial Institutions and Monetary funds.
These are great positive changes for the people of this world.
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IMPLEMENTATION
One of McAlister’s challenges in developing Bankcoin Reserve was to create a system that could provide a remedy to fix inherent flaws in the central banking system. These flaws often cause situations where the results include the eradication of a country’s sovereignty. Central banks currently use the “Borrowing at Interest” method of providing loans to countries where the collateral usually includes state assets and utilities. Repayment conditions and fluctuating interest rates place huge pressure on smaller countries and make it virtually impossible to maintain sovereignty. Loan defaults often ensue, thereby transferring ownership of these assets and utilities to multinational corporations.
This results in the country losing vital income streams and, in turn, puts a strain on government services; the net result of which includes poorer living standards and higher taxes for its people. Bankcoin Reserve provides the instrument to assist countries in regaining and strengthening their sovereign position with no direct cost to the country or its citizens. One of the models achieves this by creating a long term contract with a country and allocating Bankcoin Reserve Coin based on 10% of the GDP. The net effect is that the minting proceeds provide an income stream for that country. Using this model as an example, the allocation and minted Bankcoin Reserve Coin remain under the management of Bankcoin Reserve for the life of the contract. Bankcoin Reserve also has a “Match” policy, which will be explained in this presentation. Even though the 10% of GDP limit is a hard coded cap, it can be increased when appropriate, for example, when the country’s population increases significantly.
This creates the transition from a debt-based interest imposition to an asset or commodity earnings model that then puts the country in a sustainable position where, once the existing loans are repaid using Bankcoin Reserve’s revenue earnings model, the country will no longer need to borrow large sums of money from financial institutions. This can be applied to a country’s government by creating a Memorandum of Understanding, or an MOU, as it’s known. The MOU would be drawn up and signed by representatives of the country, Bankcoin Reserve and AAA Blockchain Ltd. Terms specific to the country or entity would be negotiated and agreed upon. This MOU does not legally bind the parties listed, however, a legally binding agreement would need to be put in place to begin implementing terms included in the MOU. More information can be found on page 37 of McAlister’s book “Blockchain Prophecy’ sold on Amazon.
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The removal of the need to borrow from, and thus be indebted to,
external financial institutions.
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The removal of the need to issue treasury bonds to pay down
accumulated interest on existing loans.
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The reduction of the interest burden taxpayers have to pay.
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The Bankcoin Reserve Coin
is the only product available that is
asset or commodity based, having a secondary mining innovation
protected by its patents.
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Governments of countries have a new revenue earning model that
can offset taxes due to the new gain.
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Anti-Money Laundering and Know Your Customer compliance,
auditing and insurance components.
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The country can create and provide opportunities for its people to
start their own small to medium businesses using the “No Interest
Principle”.
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A Bankcoin Reserve partnership will also enhance and strengthen
the country’s position in the marketplace by providing full exporting
facilities, via the Bankcoin Reserve monetary transactional
network, using the latest in blockchain and mobile technology.
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Ethical Treasury Credits can be introduced and are recommended
to run parallel with a country’s existing treasury bond program.
Coin earnings will comfortably cover the interest repayments.
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The Bankcoin Reserve instrument is straightforward to implement.
Software has been extensively tested.
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