‘Godman’ fugitive establishes island nation, plans to make use of crypto as a substitute of fiat


Considered one of India’s self-proclaimed “godmen” has established his personal island nation off the coast of Ecuador, and desires to make use of cryptocurrency as the idea for its economic policy.

Nithyananda, a fugitive on the run over allegations of rape and abduction, yesterday introduced he’d based the Republic of Kailaasa  a supposedly sovereign state that will function the world’s “greatest and purest Hindu nation,” The Guardian reviews.

The republic is described as a “nation with out borders created by dispossessed Hindus from around the globe who misplaced the suitable to observe Hinduism authentically in their very own international locations.”

Three outstanding personalities from Ahmedabad, the situation of Nithyananda’s fundamental ashram, have reportedly already deliberate to depart their company and social lives for the island.

Financial coverage constructed on cryptocurrency

The economics part of Kailaasa’s website posits that in the present day’s world economic system is “saddled with fiat currency,” which implies a small group of individuals within the “governance layer” management the manufacturing and worth of that foreign money.

It claims that “banks, third party enforcers, and the government constantly enrich themselves at the expense of ordinary people.”

“The current system inherently lacks trust and communication, which has to be enforced externally to the system. Further, value for some currency comes from deals between powers, rather than inherent value created,” it reads. “Subsequently, the entire system from top to bottom is based on violence.”

So, in response, Kailaasa’s economic system will supposedly be run by a Hindu Reserve Financial institution which creates its personal provide of cash that isn’t “contaminated” by fiat foreign money.

“Imagine that this currency is the only one accepted in the Paramashiva economy – to participate in the Dharmic economy, one that is aligned with the cosmic laws, one that will give them enormous spiritual rewards and multiple returns on investment, people have to use this currency,” it continues.

“An ideal way to create such a currency is through cryptocurrency.”

Nithyananda certain says he can do lots of shit

Nithyananda has gathered a moderately substantial following throughout India regardless of the seriousness of police allegations levied in opposition to him.

Police declare he’s kidnapped kids, confining them to his ashram, the place they have been tortured and made to gather donations. Two of his disciplines have been arrested on associated, related costs.

Nonetheless, Nithyananda has reportedly established over a dozen ashrams and temples throughout the nation. Regardless of presently being hunted by police, he continues to broadcast his message through his YouTube channel.

He repeatedly makes grandiose claims about his non secular talents, reminiscent of with the ability to see by way of partitions, remedy blindness through the opening of third eyes, delay sunrises, and even make cows communicate Sanskrit and Tamil languages.

These wild claims aren’t restricted to his supposedly metaphysical talents. As soon as permitted, Kailaasa’s web site guarantees residents free meals, free training, and common healthcare.

A number of authorities organizations will supposedly be established to facilitate life on the island. Departments reminiscent of homeland safety and defence, well being, expertise, and enlightened citilization are all described to some extent.

Passports will reportedly should be personally permitted by Nithyananda himself. The Guardian additionally notes that purposes for citizenship are strictly open to practising Hindus, and can solely be thought-about as soon as a donation has been made.

At pixel time, the donation web page on Kailaasa’s web site seems to be offline.

Printed December 5, 2019 — 15:39 UTC

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