Why do we need the Jubilee Dollar?

(1.) Bitcoin or any other cryto currency could NEVER be used by the masses as a currency because they are commodities and hence will always fluctuate wildly in value.

(2.) Governments like Canada (recently) have at times seized or frozen people's bank accounts.They can be seized for outstanding taxes, for political reasons and more.

(3.) Privacy has been eroded by the banking cartels in collusion with governments. In many parts of the world you cannot transfer money without telling the bank what its for. This is supposed to prevent money laundering but we all know its about control and taxation more than anything else. Jubilee Dollar is a block chain currency with absolute privacy.

(4.) Banks charge exhorbitant fees for transferring funds as do some crypto's. Jubilee operates on a flat fee monthly charge only - regardless of number of transactions or amounts.

(5.) Assets held in bank accounts can be obtained in case of frivilous lawsuits. When you have wealth you become a target for this. Jubilee Dollar is 100% private so nobody will know what you have unless you tell them.

(6.) Since Jubilee Dollars can only be obtained through purchase with hard currencies, it will always be securely backed with currency and stable. Funds will be held in numerous banks around the world to ensure no single government will have the ability to seize or freeze funds.

What backs the Jubilee Dollar and why is it better than any current fiat or crypto currency?

The Jubilee dollar is valued using a weighted balance of 7 major world currencies - US dollar, EURO, Japanese Yen, British Pound, Swiss Franc, Australian Dollar and the Canadian Dollar. This makes it more stable than any other currency in the world since fluctuations between the currencies creates a better balance. Unlike other crypto currencies that act like commodities and as such an investment, the Jubilee Dollar is backed by these 7 real world currencies which are mostly backed by the GDP of each country's economy. Because gold and silver are considered and traded as commodities the likelihood of them ever once again becoming currency is unlikely. The history of gold value has fluctated wildly through the years so not any better than Bitcoin or other cryptos.

Who controls the Jubilee Dollar?

The Jubilee Monetary Foundation (JMF) issues the Jubilee Dollar and controls it. The JMF is managed by elected officials as a board of governors. These governors give oversight to differing portfolios similar to the way federal governments currently operate. The JMF operates under strict compliance policies and a constitution. Any changes to policies or systems will require an 80% approval by the governors. However, thereafter, it will require an 80% approval vote by the shareholders of the Jubilee Monetary Foundation. All shareholders will be registered to vote on all changes. Voting will be on the block chain to prevent fraud. This will ensure nobody takes control of the JMF, no powerful consortium or government can control it. This is true democracy. No shareholder, including the founder can own more than 1% of the shares of the JMF.