BarterUnit LLC, with its newly created privatized digital currency is taking the initiative to independently restructure the U.S. economy by addressing and tackling the inequalities caused by an ongoing disproportionate financial system. The new currency is developed to be the closest digital equivalent of physical cash without the attachment of political shenanigans and bureaucratic constraints.

We interviewed Phillip H. Perez Founder & CEO of BarterUnit LLC and Timothy White President of the establishment for some quick Q&A’s. Below are a few excerpts:

Q: What is the Barter Unit? 

Perez: “The Barter Unit is privatized digital money that is focused on addressing the inefficiencies and corruption that are present in our existing financial system. It offers a vision and blueprint to inspire a new generation of financial values and practices.”

White: “That’s right, it’s an innovative financial system independent of banks and government that empowers individuals and merchants with the most efficient and accessible digital money without corruption and bureaucratic constraints.”

Q: What precursors lead to the creation of the Barter Unit? 

Perez: “Poverty. Poverty that has been created by a disproportionate financial system. The Barter Unit is designed to primarily tackle poverty, but also to provide the American people an alternative financial system, one free from corporate greed, Wall Street manipulation, political corruption and ridiculous bureaucratic constraints.”

White: “Absolutely. The current financial system is illegitimate and is a huge obstacle to the people’s well-being. The American financial system is not democratically governed, rather it is governed by financial elites who control and manipulate the system to benefit their interest- and their interest alone. It’s time for an economic revolution. It’s time to collectively create an alternative financial system that promotes true, unregulated and uncontrolled capitalism. A system designed to promote civility, and equality.” 

Q: What is the agenda of the Barter Unit establishment? Can you clarify that?

White: “Yes. Our agenda is to create an alternative privatized money system that provides financial freedom and security for every American. Our goal is to rid the corruption by providing the American people an alternative financial system, one that protects the American people from self-perpetuating banking oligarchies and political corruption.”

Perez: “We need a system that works for everyone, not just the financial elites. The American people are fed up with government corruption and policy negligence that continue to marginalize us all. Therefore, our goal is to provide the American people with an extra source of capital, to help people meet their needs and aspirations that are unmet by the status quo government-sponsored currency.”

Q: Can you give some reasons as to why one should participate in the Barter Unit system?

White: “Yes. Financial freedom and security. Most Americans don’t have financial freedom and security in the existing financial system. Why is that? Well, simply because the current system is rigged, its vastly disproportionate. When you have a financial system that is governed by financial elites and is not democratically governed, then you have a system that is based on oligarchy vs. democracy. You see, financial elites perceive the American people strictly as spectators. In their eyes, we are to obey their undemocratic imposed rules and regulations and work underpaid to produce capital profits – profits made strictly for capitalist pockets. As Americans, we can no longer accept this ridiculous system. We just can’t”

Perez: “Imagine a new currency system that is not subject to corrupted rules and formalities. Imagine a financial system with an embedded Universal Basic Income (UBI) program, that gives every American citizen free digital money on a monthly basis. Imagine an alternative currency system, free financial extractions such as, interest rates, transaction fees, banking fees, banking overdraft fees, service fees, processing fees, surcharges, etc. Imagine a money system that is designed to protect the American people from usury and provides strict policies that enforces financial security and freedom for everyone. Imagine a system free from corporate greed, Wall Street manipulation, political corruption and bureaucratic constraints. As a startup built to help the American people, we guarantee this, as we are a privatized community currency system dedicated to implement fair and just financial rules and regulations for every participant. Like Tim, has just mentioned, we need a system that promotes civility and equality.”

The BarterUnit establishment believes that people have a basic human right to share in the money supply. The system takes into account the interests of the people, specifically the interests of the poor and minorities and provides them opportunity to be socially relevant. The BarterUnit mobile application is available on the Apple and GooglePlay Stores.