In today's rapidly evolving digital world, the traditional concept of money is being challenged. We’re not just talking about digital payments, but a fundamental shift in how money functions, generates value, and interacts with our lives. Let’s dive into why the US$ fiat currency might need a significant evolution into what we’re calling the "UUS$ Universocial US digital dynamic dollar."
The Current Landscape and Its Limitations
The existing financial system, while foundational, is facing unprecedented challenges. Traditional tools like interest rates are increasingly questioned for their effectiveness in controlling inflation, and the entire system (commercial banking, insurance, etc.) may need a new approach, leveraging the power of technology. As seen in my documents, there is a "critique incisive à capacidade dos Bancos Centrais de controlar a inflação apenas pela taxa de juro" (incisive criticism to the capacity of Central Banks to control inflation just by the interest rate) pointing to the necessity of innovative solutions.
Moreover, the rise of digital technologies, while promising, is not yet fully harnessed for monetary evolution. Many technologies are "dedicadas a servir unicamente as necessidades da IA e distraídas da procura de recursos infinitos que o 4º gesto económico pode aportar-lhes a elas e às pessoas" (dedicated to serve uniquely the needs of AI and distracted from the search of infinite resources that the 4th economic gesture can bring to them and to people).
Enter the UUS$: A Vision for the Future of Money
The proposal is not just a simple digital currency, but a paradigm shift. It’s about understanding and applying the "4º gesto econômico" (4th economic gesture), which would allow money to transcend its current functions and acquire new utilities. These include:
Monetary: The traditional role of medium of exchange, unit of account, and store of value.
Financial: Its capacity as capital for investment and financing.
Webtaxmatic: Deep integration with taxation and data management in the digital age, potentially making taxes a seamless part of transactions.
Spiritual: The most innovative aspect, suggesting money could become a vehicle for well-being, personal and collective fulfillment, and happiness, detached from mere material profit.
This vision is further elaborated in the concept of "Universocial US dynamic $", which involves Google-Alphabet to help manage and innovate a new digital currency linked to the US dollar. It’s not just about replacing "dólares" (dollars) with "BRICS" (BRICS), but about understanding and applying the 4th economic gesture.
Key Features of UUS$
From the presentations, UUS$ aims to empower individuals to create personalized digital savings properties with features like:
Effortless dynamic savings creation.
Capital gains without significant risk.
Ability to multiply money without gambling.
Data valuation turning assets into digital property.
Time infusion adding measurable value.
The Role of Technology and "Googledepending"
Technology, especially Google-Alphabet, plays a crucial role. Google is seen as a "descobertas" (discoveries) and the US Congress as "validador" (validator). The concept of "#Googledepending" suggests leveraging Google’s infrastructure and algorithms for efficient and secure management of UUS$.
Addressing Challenges and "Concorrências Atabalhoadas"
The current "concorrências atabalhoadas" (jumbled competitions), which may be "nuvens escuras no futuro da Humanidade" (dark clouds in the future of Humanity), could be mitigated. If money can generate value and well-being "automática" (automatically) and "sem risco" (without risk), and if its purpose is extended to the "espiritual" (spiritual) dimension, the need for fierce competition over scarce resources could be lessened.
Conclusion: A Call for Change
The vision of UUS$ is not merely an economic proposal but a philosophical and technological challenge. It requires a fundamental shift in how we view money, technology, and human well-being. As noted, "As dificuldades resolvem-se quando se quer." (Difficulties are solved when one wants). This means that political and social will is key.
It is time to rethink money and consider how digital innovations can create a more equitable, efficient, and fulfilling financial system. The evolution from US$ fiat to UUS$ could be a monumental step towards this future.