Global Resource Bank (GRB)

Global Resource Bank (GRB) People’s Direct Democratic GRB Eco (e) Cryptocurrency Algorithm People value natural resources at five quadrillion ecos with the buying power of 2020 US$. GRB settles public debt with ecos in exchange for state assets. GRB gains income from an ecosystem impact fee on GRB eco accounts and exchanges ecos with the GRB eco reserve to sustain ecological equilibrium. People’s average ecosystem impact sets the peoples eco account fees and the impacts of transparent commercial accounts sets their fees. GRB eco income maintains the GRB network and basic income supports everyone for life. The GRB invests .1q ecos each in eco-restoration, conservation, education, clean energy, technology, science, health care, recycling, agroecology, infrastructure, housing, art, disarmament and the GRB network. The people’s average feedback to the GRB algorithm adjusts the value of natural resources, the GRB network percentage and the amount of people’s basic income. GRB is a decentralized autonomous network of people who rule the GRB eco algorithm by majority. Free-flowing eco accounts are accessed by biometric identification and guardians have proxy rights. Dollar assets are converted to ecos and possessions are transferred by smart eco contracts. After one year of inactivity GRB eco accounts revert to the reserve. GRB Eco Balance Sheet (q) Assets Liabilities 5.0 natural resources 3.0 basic income for 8b+ people x e50/day x 20 years 1.0 $ assets > e 1.4 investments in eco-restoration, conservation, etc. 0.4 ecos settle public debt ___________________________________________________________________________________________ 6.0 ecos minus 4.8 = 1.2 eco reserve References The New York Academy of Sciences . Mother Earth News . Ecological Economics . Ecological Equilibrium . The Fed . GRBe Freedom Chat – International Society of Ecological Economics