Wednesday, February 11, 2015

Kiri Campbell's Debt-Free Trading System | Understanding the CreditExchange system, and why it can work

Kiri Campbell's Debt-Free Trading System | Understanding the CreditExchange system, and why it can work
February 12, 2015

Another incredible piece and perspective by Justin & Julian of the Stillness in the Storm blog. This post does an incredible job of simplifying complex ideas down into digestible bite size doses of extremely potent data. Not an easy task by any means. The adoption which Justin speaks of below will be a direct reflection of the masses ability to comprehend this information. Indeed it will take time. However, if Kiri and her team are successful at swiping the card this week for the first official public transaction on record, I anticipate the learning curve will be fueled and supported by a great deal of new found excitement and interest. Which may end up being an extreme under statement :) Holding space for this to roll out without any major set backs. ~BK

In mid-2013, Kiri Campbell shocked the world by depositing $15,000,000 in TSB Bank attempting to access her 'value,' secured by the OPPT filings from late 2012. This deposit was not honored by TSB and it created a storm of controversy which has overshadowed her work to this day.

But Kiri did not give up, since that time she has focused her attention and energy on developing a system which does in fact allow people to 'access their value' but in a different way than what was discussed in the CVAC process. This method is essentially a trading system, a network of people who want to use 'credits' instead of National Currencies in some of their transactions. Click here to listen the ONE people interview discussing her system (interview is towards the bottom).

Julian and I wanted to produce a concise and easy to understand article about this system, why it can work, and why key knowledge and understanding is essential to keeping it free and honorable. As such, if more data is released we will issue updates or corrections as needed.

What is the short version of Kiri's system? The system is nothing more than a trading platform, and does have infrastructural costs associated; maintaining the website, accounting etc. It is 'debt-free' in the sense that there is no fiat dollar cost (hidden cost for using the currency i.e. income tax), but at the moment it does cost money to use this system - per the information on the CreditXchange site; see below for more information.

Before we discuss the Credit Exchange System, we should first understand what 'money' really is and why we must gain knowledge in order to be free.

Money, Trade and Agreement

"Money," as we use it today on Earth, is bank credit or paper notes which are Debt Instruments, allowing individuals to TRADE debt, acquiring things that are valued. Lawful Money (backed by gold and silver) has not existed since 1933. When you 'buy' something, you are taking an IOU (a bank note or electronic credit) and exchanging it for goods or services. For all intents and purposes, modern day money systems are nothing more than a Trading platform which uses IOU's as the device for exchange. The real thing that is being transferred is 'value' which is a subjective determination dependent upon the individual receiving it. We discussed this deeply in RV/Gold Bait and Switch? - Secular Value vs Absolute Value - Hidden History of Gold.

In the past, we used other representations of value: Gold coins, Silver Coins, Tally sticks, etc. which all accomplish the same thing: they facilitate the flow of goods and services between parties. In reality it doesn't matter what the representation (device) is; it is JUST A SYMBOL. If we wanted to use live stock, we could. So what is the key concept to 'get' in relation to money, credit and trading systems?

What is the REAL mechanism that makes money powerful?

I know it can be very confusing trying to understand how this all works. The key concept is simply this: A mutually agreed exchange method between 2 or more individuals facilitated by a SYMBOL of value. If two people agree that a glass of water is something that represents value, then they can use it to exchange things. "I need ten glasses of water for my 12 eggs."

Thats all ANY money or a trading system really ever does. There maybe fancy rules, there may be complex legal concepts attached to the device (like FRN's), but at the end of the day, it always comes down to: what is the agreed symbol of value and are you willing to accept it. That being said, Kiri's system is not much different from many of the other systems available; bitcoin, Cylos (Angel Lucci's System), FRN's etc. The big difference is: 'who is in the system' and what is the totality of agreements that are in place when we choose to use it.

For example, FRN's are the product of the Federal Reserve System, which when used by people creates a contractual relationship between them and government. Using FRN's in daily life creates an implied agreement that you are an agent of government, and are subject to the rules of employee's of governments: to file taxes, pay income tax, accept the authority of government, etc. This hidden contractual relationship is the major reason as to why FRN's are so detrimental to human life. Over the past 100 years of using FRN's more debt has been created then any other time in history, which requires REAL human energy to 'pay off' and as a result we are all SLAVES to the Federal Reserve System. FRN's are the hidden tool for enslavement pushed by our would-be masters and actually cost money per dollar value that is paid for as income tax.

Moneyless Society

Take a moment and imagine a world where everyone consciously acknowledges their interconnectedness with all things, and chooses to ensure their actions and desires create harmony with others and the environment. In this world each individual is a Sovereign (rules themselves because they have attained a holistic level of knowledge) and chooses to help others willingly. On earth today in contrast, there are many things which many people 'only do for money' - no one cleans toilets to help humanity, but they will happily do it for a paycheck - is the socially acceptable moto.

Money, as it is used today, is a tool to facilitate the flow of goods and services between unwilling or incompetent parties; ignorant debt slaves. Within Equity Law, the citizenry of every nation which uses money, is defined as incompetent and while this is a harsh statement, it reflects a truth. Because of constant conditioning and poor education most of the earths population could care less about their impact on others; as long as they get what they need (Moral Relativism). This creates constant war and environmental destruction, therefore chaos due ignorance within humanity as a whole, is balanced by a system which manages the slaves.

But in a moneyless society, we can acknowledge the truth: that almost everything we do has an effect on someone or something else. And with this knowledge develop systems which encourage freedom, personal independence and harmony. The CreditXchange system has the potential to do just that, by revealing to people our true relationship to this thing called money, slowly educating the masses and eventually leading to the ideal of a moneyless society; if it is shared in this way.

In a family environment, we provide goods and services without the need for money, which is a microcosmic example of the acknowledgement of interconnectedness mentioned above. In this sense, a moneyless society can work purely on goodwill and be a truly united one people; a human family.

Participation is the Key

Just like when we travel to a new country, we need local currency, this system works by participation in exactly the same way. The more people that join the network the more we can use it to acquire goods and services. In this sense the credit exchange system is only as 'good' as the scope and applicability of it's membership base. Right now it appears that there are small businesses and individuals using the system, and it is limited to that scope; one can not buy goods internationally at the moment. But as it expands, and individuals use it, the system's scope will increase.

Historically speaking, this is how ALL money systems have come to be used. The history of the Federal Reserve system is one nation after another being forced to accept FRN's. Consider operation Golden Lily, where during the prelude to WWII, dynastic families were robbed of their assets of gold and forced to deposit them in the BIS, which forced their participation in the new FRN banking system.

Therefore, the BIGGEST determining factor in any system's success is directly dependent on people agreeing to use it. Do you see the common thread here? As we mentioned above, what makes any trading system work is mutual agreement. Hence, each individual deciding to join and use the system will FORCE the big banking powers hands in a sense. And unlike in the past, where our agreement is implied under duress because we have no choice but to use the currency of our nation of residence, this system can be used by our own free will choice; just like bitcoin and any other system out there. 

Think about it like this: if half the worlds population wanted to use the CreditXchange, then the other half of the world that does not, would need to negotiate to facilitate trade between them; this idea is already widely known under the banner of international trade. Since the big banking powers NEED people to use them inorder to maintain themselves, eventually if enough people used an alternative system, the banks would be forced to 'play' in order to survive; look to bitcoin as an example of this. Now this does not preclude them from trying all sorts of nefarious things to force people out of an alternative system, but if people educate themselves about what their true relationship to money is, then they will realize that the people have always had the power, not the banks.

We have always been the Creditors, where banks and governments are debtors; this is the secret every Bank on earth acknowledges.

What will make this successful?

What makes any system successful is participation, true knowledge of why it can work, and persistence in continuing to expand the network honorably. The more people that join, the stronger it becomes and the more power it has to negotiate with large institutions. Once a major business begins accepting this system (like walmart or oil company, etc) it will provide even more negotiation power for all who are involved. Eventually a critical mass will be reached.

Cindy, from We Rise Together was commenting that this system is not a new invention, it is simply a trading platform. And since it still uses "money" in some form, it is not the ultimate solution. I agree with this assessment, but we must remember that the CORE issue is each individual's knowledge and actions; or lack there of as a whole on earth.

For example, in a family, each person agrees to help contribute (ideally) and then everyone works together to maintain their mutual quality of life. We discussed this in the article How to Access your Absolute Value - Manifesting Paradise through acknowledging our place in the Universal Community. This concept is known under a different name: as 'paying it forward,' and the effect on the individuals employing this system, is a growing desire to act honorably with respect to others, and to create harmony in life instead of chaos. Alternative money systems can be used in this way, but a conscious recognition of ourselves as the source of value, goods and services is key. Ignorance of this devolves the system back into a power grab by greedy people, who fail to recognize that improving life for all, improves life for themselves.

Why is CreditXchange not like "real money"?

Currently "Real money" is tied to a Central Banking system. What makes FRN's so powerful as a trading currency is that EVERYONE has been forced to use it; the reserve currency for every other currency on earth. This is why FRN's loss in buying power and the BRICS initiative is so damaging to FRN stability - alternative systems pull people out of the FRN system, and they begin to lose power. As such, an alternative system is limited to the people using it.

Right now major companies and producers are not accepting it, but more and more people are joining, and eventually if a major company wants to continue doing business with this growing population, they will be forced to participate; expanding the power of the system in the process.

Specific Information about Kiri's Credit Exchange System
(All provided information is subject to change, as the system progresses.)

What is CreditXchange? It is a Non-Bank Trading Platform, using cards and credits, which are not debt based. The underlying intent and design: is a credit exchange system which is based on the value of each being, as described by the OPPT filings, however it does not directly access the $5 Billion ostensibly secured by the OPPT. Here is the website for more information

Is it a SWIFT compatible system? Kiri and her team are working on SWIFT approval, which will allow the routing of trade credits ("money" in her system) through SWIFT which converts it into normal bank credit; fiat money. Which could ostensibly be used like normal cash. This HAS NOT happened yet, but work is moving forward according to Kiri.

Franchise or Regional Branch

This point is what gets most people confused, assuming that because there is any cost associated it must just be another scam; but is there any basis to this?

In order to create a Central Hub or "Branch" in your area for CreditXchange, you need $5,000 to set up a franchise. Individual card holders do not have to do this. Kiri says this is needed because fiat currency (FRN's) purchases a set of the private exchange system. Think of it like a platform which uses cell phones to exchange, the system may work without hidden fees, but you still have to buy a cell phone to use it. Eventually, when enough people join the system, according to Kiri, this will not be needed. The Franchises, at present are only available in New Zealand; Australia is on target to begin opening centers soon.

How much does a card cost? Cost for an individual card $40.

What does it cost to get started? (pulled from the CreditXchange site and could be inaccurate as updates are pending)

In the FAQ section of the site we found this:
  • New account set-up fee $99
  • $15/month cash and $15/month trade
  • NO listing fees!
  • 6% transaction fee (for purchases and sales)
**Kiri did mention an update to the website is needed, possibly indicating some of these fees no longer exist. Until then, here is what is available on the site, and is subject to change as membership increases.

A fee list associated with different account types is shown so you may choose your account type when clicking on "Become a Member". Here we can see the fees are no longer there for Membership, Transactions and Listings:

How do I get Credits in this system? Credit Voucher System is one way to top up your account. This Credit Voucher is your debt-free digital currency all members can use to top up their accounts. The voucher uses the anti-debt credit technologies to provide a debt-free currency. The benefits of the Credit Voucher is that instead of borrowing credit or distributors lending credit, you can now purchase credit for a 10% fee instead of repayments and interest. Because the Credit Exchange is not a bank or a financial institution, we can offer our members a credit exchanging facility, as opposed to a lending or borrowing system, which means all our members are effectively creditors and shareholders of the Credit Exchange Systems.


We are going to be watching this development intensely, and I encourage everyone to develop a personal understanding of the mechanics I attempted to describe above.

This is not a new idea, there are many, many systems like this which have been around for decades. What makes this the potential Paradigm changer that people can recognize their true relationship to money, and we can liberate ourselves from systems which create debt and slavery. That being said, as more and more people begin using this system, asking major companies to accept credits, it will build in power and scope. Again this is not some 'new invention' what makes the real difference is each person educating themselves and sharing that knowledge with others; when that happens it really won't matter what system is used - as it is the knowledge of how to exchange honorably, which makes a system benefit humanity.

But this won't happen by magic. As Kiri shared in the ONE people interview recently, "it won't come falling out of the sky" it will work because we actively choose to direct our focus and attention in using it, and sharing the core knowledge with others, so they can realize at a conscious level that it is a better way.
- Justin

Here is some additional information on the CreditXchange site:

Our Tools & Technologies consist of:

1. The Revolutionary Anti-debt Credit Technologies that govern the Credit Exchange System - This means that debt backed currencies can become a thing of the past and eventually phase out as the concepts begin to evolve and take shape.

2. Smart Card Account for tablet and mobile buying and selling with individuals, businesses etc.

3. Smarter Eftpos Card designed to be used wherever there is eftpos. This gives you greater freedom and choice of where you can spend your credits.

4. QR Code Scanning Tablet, great for local businesses that don't have Eftpos and more cost effective system to using Eftpos.

5. Credit Exchange App, Buy or Sell with our awesome app, now your ability to take payments or send payments is not restricted to conventional methods.

6. Online Account for a convenient way to manage all your accounts. Send and receive credits, manage all your purchases or sales all from the convenience of your online account.

7. Tradexchange is the best way to advertise all your products goods or services to members as well as non-members. If you are buying then the Tradexchange is the first place to look when buying if you are wanting to sell then the Tradexchange is the most cost effective way to sell and the first place buyers will look.

8. Mobile Area Merchant (Account Manager) Each month, you receive a full statement of account activity as detailed as a typical credit card or bank statement. Credit Exchange may extend credit to members in good standing in the form of a Credit Voucher. Each account has a set limit and can only be extended by visiting your Mobile Area Merchant. They are responsible for managing your account and providing all members with up-to-date information, services, tools and technologies from the Credit Exchange System and Exchange Education Centers. It is also their duty to manage any misuse of the Credit Exchange systems under the guidance of each Distributor.

9. Credit Voucher System is one way to top up your account. This Credit Voucher is your debt-free digital currency all members can use to top up their accounts. The voucher uses the anti-debt credit technologies to provide a debt-free currency. The benefits of the Credit Voucher is that instead of borrowing credit or distributors lending credit, you can now purchase credit for a 10% fee instead of repayments and interest. Because the Credit Exchange is not a bank or a financial institution, we can offer our members an credit exchanging facility, as opposed to a lending or borrowing system, which means all our members are effectively creditors and shareholders of the Credit Exchange Systems.

10. Credit Assurance and Insurance is available from your Mobile Area Merchant. This gives you greater security if you, your property or business suffer a loss (Eg. Flooding or Earthquake damage, theft, income loss) and the list goes on.

11. Currency Exchange provides a free currency exchange service. If you are wanting to exchange your currency for Credits, you can do so by making a cash deposit with your Mobile Area Merchant. We use DPS Technologies so we can also accept Mastercard, Visa American Express and all Debit cards as well in exchange for Credits.

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