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Truth Examine
- Apr 14, 2021
- by: Arthur Brice
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Does Not Exist
Have all of the nations of the world agreed to desert the present international monetary system and undertake one that can again currencies with gold and provide instantaneous transactions? No, that is not true: There isn’t any verifiable file anyplace that the “Quantum Monetary System” (QFS) exists, a lot much less that it has been adopted globally. One of the crucial vocal QFS proponents is a extremely seen British QAnon supporter who has espoused disproven and baseless conspiracy theories about COVID-19 and former President Donald Trump.
The declare, which has appeared quite a few instances on social media, additionally was made in a video on BitChute on March 19, 2021 titled “Charlie Ward Discusses QFS Iraqi Dinar with Nicholas Veniamin” (archived right here).
Customers on social media solely noticed this title, description and thumbnail:
The Quantum Monetary System (QFS) is a theoretical assemble that may substitute the present international system wherein every nation points its personal forex and worldwide transactions are largely dealt with by way of the Society For Worldwide Interbank Monetary Telecommunication, a respectable group generally often called SWIFT.
QFS additionally would substitute what is called [url=https://www.investopedia.com/terms/f/fiatmoney.asp#:~:text=Fiat money is a government,U.S. dollar%2C are fiat currencies.]fiat [/url]forex, which investopedia.com defines as “government-issued forex that isn’t backed by a bodily commodity, reminiscent of gold or silver … Most fashionable paper currencies are fiat currencies, together with the U.S. greenback, the euro, and different main international currencies.”
Cash in line with QFS boosters, could be backed by a tough commodity reminiscent of gold. And as a result of potential energy and pace of the rising subject of quantum computing, all transactions could be accounted for instantaneously. (You may learn extra about quantum computing right here.)
Some monetary establishments are enthusiastic about quantum computing, nevertheless it has nothing to do with QFS. They need, as an alternative, to make use of the brand new expertise for instantaneous evaluation, to not switch cash nor change into a part of the fictional international monetary system primarily based on gold-backed currencies.
Because the Monetary Occasions reported on January 6, 2020, Goldman Sachs, JPMorgan and Citigroup are charging ahead:
The potential for the expertise to revolutionise actions like threat administration and buying and selling are so nice that banks want to begin studying the way to harness it now, stated William Hartnett, a managing director at Citi. …
Apart from boosting their computing assets, the banks hope quantum machines will drastically scale back the time it takes to analyse advanced threat positions, making it potential to regulate on the fly fairly than counting on an in a single day calculation.
For an in depth and complicated evaluation of the present international monetary system and the “monetary reset” that could be a central tenet of QFS, go right here.
Some entities insist, nevertheless, that quantum computing and the quantum monetary system are already in place, though they provide no proof of it.
For instance, Foster Swiss, which identifies itself as a global personal banking marketing consultant primarily based in Madrid; Barcelona, Spain, and Geneva, stated in a December 2, 2020, posting on its web site that QFS already has been developed:
The QFS is a monetary system created by Chinese language engineering groups in collaboration with the engineering groups of different members of the Alliance. …
A system whose goal is, substitute central banking [and] cowl the brand new international community for the switch of gold or asset-backed cash, initiated by Russia and China to exchange the Swift system, managed by america.
Foster Swiss presents no impartial affirmation of such a system, nor hyperlinks to demonstrations or customers of it.
And Foster Swiss refers to a purported international entity known as GESARA, which doesn’t exist.
Any nation that doesn’t adjust to the International Financial Safety and Reform Act (GESARA) is excluded from the QFS and can finally be not noted of worldwide commerce. Every nation should adjust to GESARA to take part within the QFS.
Lead Tales proved in a March 29, 2021, report that GESARA and its companion Nationwide Financial Safety and Restoration Act (NESARA) are nonexistent entities usually used to rip-off cash from unwitting believers.
The Quantum Monetary System that Foster Swiss and British QAnon chief Charlie Ward promise within the video and elsewhere is much from a actuality, now or anytime quickly. And several other of the claims Ward makes about QFS are merely not true.
For instance, Ward says on this video:
The system I’ll describe under has been agreed upon by all 209 international locations of the world, together with GESARA. It is known as the Quantum Monetary System.
Not solely is it not true that 209 nations have agreed to modify to QFS, however GESARA doesn’t exist.
Ward additionally says within the video:
Within the QFS, there exists, not only a pile of gold in every nation to again their nationwide forex, however an precise Bullion Alternate Financial institution Vault of gold that has been set aside, recognized, and secured for the needs of backing each forex in each nation who’re GESARA compliant.
Though particular person companies such because the Federal Reserve Financial institution of New York have their very own giant gold vaults, there are not any documented information of a Bullion Alternate Financial institution Vault of gold current anyplace nor of gold in these international locations being recognized and secured for GFS. And, as already famous, GESARA doesn’t exist.
Ward additionally discusses the worldwide forex reset that’s alleged to occur underneath QFS:
The International Foreign money reset (GCR) takes place concurrently the activation of QFS. This resets all currencies of the world to a gold-backed system that is on par worth with all of the others. It is a main change however one which has to happen. All digital Gold Certificates signify an increment of forex. The certificates are all equal whatever the forex. Because of this there’ll by no means once more be manipulation of currencies by one particular person nation.
Ward attributes the written materials that he reads within the slide presentation on the video to “Steven Leonard Quantum Monetary System — Chief Scientist.”
There are three points with that:
- The Quantum Monetary System doesn’t exist, so it can not have a chief scientist.
- There isn’t any publicly obtainable file of somebody named Steven Leonard working for any entity known as Quantum Monetary Companies.
- Most importantly, about 40% of the written materials Ward used seems in a doc with the byline “Ron Giles”.
Somebody going by the identify Ron Giles has posted on-line a number of instances about QFS and forex markets and related monetary matters, however nothing else. Lead Tales couldn’t discover a picture of him, even when he appeared on a YouTube video weblog.
[url=https://leadstories.com/Screen Shot 2021-04-12 at 7.08.21 PM.png]
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(Supply: YouTube video screenshot taken on Monday, April 12, 2021 at 23:09 UTC)
Some proponents level to congressional creation of the Nationwide Quantum Initiative Act on December 21, 2018, as proof that QFS exists. However the Quantum Nationwide Initiative doesn’t take care of monetary methods or establishments. As an alternative, the company says on its web site, its goal is to “make sure the continued management of america in quantum info science and its expertise purposes.”
The 2018 regulation launched the Nationwide Quantum Coordination Workplace, which oversees the analysis efforts of 13 federal companies and places of work, together with NASA, the Division of Homeland Safety, the Nationwide Safety Company, the Justice Division and the Protection Division.
None of them have something to do with the QSF. A quick itemizing of what every company is concerned with may be discovered right here.
The Nationwide Quantum Coordination Workplace had not, on the time this was written, answered an April 11, 2021, written request from Lead Tales for remark about QSF.
SWIFT, the Society For Worldwide Interbank Monetary Telecommunication that QFS proponents say the brand new system will substitute, additionally didn’t reply an April 11, 2021 electronic mail asking for remark. A consultant for the general public relations company for SWIFT informed Lead Tales in an April 12, 2021 phone interview that he would attain out to the company however doubted they might remark. He stated he would electronic mail a solution, however had not as of April 13, 2021.
Ward, the loudest proponent for QSF, is without doubt one of the best-known QAnon mouthpieces in Britain. The Hope Not Hate group stated in an October 22, 2020, on-line report that:
Whereas there are numerous minor British figures selling QAnon on-line, solely two have achieved recognition to rival their US counterparts: Martin Geddes and Charlie Ward.
U.S. authorities officers have already tied one rip-off to proponents of QSF.
The U.S. Workplace of the Comptroller of the Foreign money despatched out an alert on June 22, 2020, that stated folks had reported getting pretend emails about funds the company was holding. The rip-off electronic mail, dated June 16, 2020, referenced QSF:
In preparation for the International Foreign money Reset and arrival of the Quantum Monetary System at the moment working parallel, any i nternationalfinancial exercise, regulated by their respective companies, should strictly adjust to no tolerance to all protocol and laws stipulated within the Worldwide Quantum Initiative Act.
https://leadstories.com/hoax-alert/2021/04/fact-check–no-record-that-quantum-financial-system-exists.html
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