The Quantum Financial System 101 – Transforming ‘Value’, Eliminating Bankers

ER Editor: Quantum technology, including a quantum financial system, is definitely the next big thing and, according to some sources, is designed to be an entirely good thing for humanity, representing the Real and Better Reset (our capitalization). To that end, we’re going to be exploring the topic as best as we are able, bearing in mind its complexity, with few people so far really understanding what it is. For starters, it meshes physics with economics …

We’re kicking off here with a veteran of the topic, Gunther Sonnenfeld, whose work can be found on Medium. We’ll be publishing more from him.

The takeaways we get from this article so far are:

• There is a moral vision of what banking should be about, namely –
• to ‘protect all parties from corruption, usury, and manipulation within the banking system and ensure banks are monitored and protected’
• Beneficial projects can be financed without the interference and ultimate approval of ‘financial middlemen’ or banks, who would also take their cut. That is to say, the direction and vision of the world doesn’t depend upon the financial class
• ‘Value’ takes on an entirely different meaning, where it isn’t some arbitrary financial number established by a power elite in backrooms but is based on real-world value: ‘financial assets … are not separate from their sustained utilities in the natural world, to include any and all environmental variables which ultimately determine their value.’
• Will this ‘reset’ abolish old systems of debt and credit that have traditionally shackled us to those who have owned and controlled our money supply? Is this an interest-free system? ‘In the case of a non-interest based system, it must be established that a proper “reset” entails no dependencies on credit or debt that result in the “overfinancialization” of assets.’
• It is a gold-backed system, fully surveilled and accountable: The coins themselves and the virtual coins will have barcodes (for ownership) and GPS tracking devices (for location).
• The complex AI system QFS utilizes carries its own human-contamination risks, mentioned at the end of the article.

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Quantum Finance

The Quantum Financial System (QFS) has been building a Virtual Private Network (VPN) for the Cross-Border Interbank Payment System (CIPS).

It’s a network based on sovereignty and commerce.

This author recently outlined the primary components of the real financial reset, the details of which are behind this effort, to include documentation (proof) of its relevance and importance.

To coordinate a national research effort encompassing Federal agencies, the academic community, and industry leaders already underway, The White House National Quantum Coordination Office released A Strategic Vision for America’s Quantum Financial System Networks, in February of last year (2020).

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In short, the QFS provides “pristine clean integrity” in the movement of funds from central banking sources to destination accounts.

This means that the key benefit of the QFS is to protect all parties from corruption, usury, and manipulation within the banking system and ensure banks are monitored and protected with regard to the agreed upon contract of the transfer fund process.

FINANCIAL SELF-SOVEREIGNTY

As this author has also outlined, this system can also support economic development that does not involve banks.

It is critical to note that with the proper ledgering system in place, national banks, regional banks and signature banks can play a crucial role in large-scale infrastructure development (roads, schools, urban and rural planning projects, etc.), while independent groups can build their own components to vital infrastructure that are unencumbered by financial middlemen, such as small farming co-ops, alternative energy grids, and alternative supply chains.

Given that 92% of supply chains are now decoupled, asset inflation is likely to eclipse 20% in the coming months, over 60 million businesses worldwide have shuddered due to the “pandemic”, and underemployment and youth unemployment rates are at all-time highs, we have reached a point at which locally sustained economic ecosystems are perhaps the only way forward in achieving economic health that supports people of all walks of life and cultural backgrounds.

This author’s framework called Smart Ecologies is one such method for the design and development of these ecosystems.

In order to support this shift, it is prescient that we approach our uses of currency and finance through a radically different lens.

And it begins anew in how we control and manage our own data.

As we’ll see in a moment, the QFS does not come without its design challenges, namely that it is an AI-enabled consensus system.

As pointed out in other posts, human participation in counter party agreements must be managed by selective consensus, to avoid unnecessary obfuscations of decision-making power.

QUANTUM FINANCIAL MECHANICS

Quantum finance is an interdisciplinary field, applying theories and methods developed by quantum physicists and economists in order to solve problems in finance. It is a branch of what is known as econophysics.

While quantum computing methods have been in existence for quite some time that use physics first principles to understand better ways to conduct and manage monetary flows, it is actually the math that matters in this new scenario.

In the case of a non-interest based system, it must be established that a proper “reset” entails no dependencies on credit or debt that result in the “overfinancialization” of assets.

In other words, we don’t need to add unnecessary 1s and 0s to our transactions, nor in the ways we create or produce assets we wish to redistribute and from which we generate revenues autonomously.

Source

Published to The Liberty Beacon from EuropeReloaded.com

https://www.thelibertybeacon.com/the-quantum-financial-system-101-transforming-value-eliminating-bankers/