Phillip H. Perez, Founder and CEO of BarterUnit LLC, has launched a privatized digital currency called the BarterUnit. The company’s goal is to independently tackle poverty and counter the inefficiencies, inequalities and corruption that are embedded in our existing monetary system.
“The core of the existing financial system is deeply corrupted and contaminated. The financial system is plagued with Oligarchies,designed to benefit their interests and their interests alone. Having said that, we simply cannot reform a broken system, rather we must transform it. We need to implement a financial system that promotes pure, uncontrolled, unregulated laissez faire capitalism, period. A financial system free from, government intervention, corporate greed, Wall Street manipulation, bureaucratic constraints and general political corruption and coercion. Just as there is a law for the separation of Church and State, there should be a law for the separation of Economics and State,” says Perez.
The BarterUnit establishment believes that people have a basic human right to share in the money supply. The system takes into account the interests of the people, specifically the interests of the poor and minorities and provides them opportunity to be socially relevant.
“Our system is specifically designed to protect the American people. It is designed to protect them from usury and financial extractions undemocratically issued by greedy corporations and self-perpetuating banking oligarchies,” says Perez.
The company also plans to implement a Universal Basic Income (UBI) program, sometime in May 2020, issuing every American citizen 1,000 Barter Units per month in hopes to tackle poverty and provide financial freedom and security to all Americans.
The BarterUnit mobile application is available on the Apple and GooglePlay Stores. The UBI program is set to launch on May 1st, 2020 and access to the UBI registration will be on May 1st 2020 as well.