The World Banking System Has A New Competitor

The World Banking System Has A New Competitor

By Bill Sardi

September 2, 2020

A self-proclaimed Hindu godman is thumbing his nose at the world’s fiat money system.  (Fiat money being backed by government decree without a tangible asset for collateral.)  He is showcasing his new gold-backed money online.  If he actually gets away with this, he could control the world’s most valuable currency.
That’s because an investor of any repute would realize a gold-backed currency would be preferred over a world awash in Monopoly-game paper money which is about to be replaced by digital money,
another imaginary form of pretend money.
While printed paper with pictures of historical figures can exude public confidence and be a medium of exchange, it is not real money.  Rare precious metals like gold and silver are examples of real money.
This Hindu godman doesn’t explain how much gold he has, but even the threat of establishing a gold-backed currency gets the U.S. military to place an aircraft carrier off the coast of any country that dares to do so.
To have the hubris to do this, start your own country and print your own sacred paper money laced with 11.66 grams of gold, you have to have some higher authority.   So, 39-year old East Indian Nithyananda self-proclaims he is a Hindu godman.

A fugitive from Justice, Nithyananda is being sought after by police in India for child trafficking and gang rape.
News reports say he fled to an island off the coast of South America, an island he purchased from Ecuador, to set up his own country as a platform to launch the “Hindu Reserve Bank of Kailaasa.” Kailaasa being the name of his new country.
Of course, how much of this is true is in question.  Nithyananda is shown on video displaying his new gold-back currencies.
Nithyananda says, after reading many books, he has established his reserve bank on the model of the Vatican Bank, which is located in the smallest country of the world (just 0.2 square miles), in Vatican City.
Nithyananda describes his newly founded country as a digital entity that is the greatest and only Hindu nation on earth.  He invites Hindus to go to his website and sign up for free citizenship and a Kailaasa email passport.
He says his country will accept donations.  Just imagine the amount of money Nithyananda could raise from Hindus via an online platform.  There are an estimated 1 billion adherents of Hinduism worldwide.
Nithyananda says his country has signed a Memorandum of Understanding with another nation to host his bank.
How much of this is just in Nithyananda’s mind only is unknown.  Is there really an island country called Kailaasa?  It is described in a report published at IndianExpress.com as a “nation without borders created by dispossessed Hindus from around the world who lost the right to practice Hinduism authentically in their own countries.”
Some news reports claim Kailaase is a private island near Trinidad & Tobago and has its own flag and passport.  Kailaasa intends to do business with 56 other nations where Hinduism is practiced.