Bank interest money has no natural value, but values ecosystem destruction.
“Compound interest is the eighth wonder of the world.” – Albert Einstein
GRB Shareholders are all the People in the World
The earth’s restorable ecosystems can meet the needs of all people, but the private banks issue interest-bearing public debt money that prevents an equitable distribution. The GRB eco real-time AI algorithm medium of exchange values the earth’s natural resources to earn everyone a sustainable eco income, health care, housing, education and telecom for life.
The GRB Eco Algorithm
People value natural resources at 5 quadrillion (q) ecos with the buying power of 2020 US$. US$ assets are converted to ecos and possessions are transferred by smart eco contracts. GRB gains income from an ecosystem impact fee on eco accounts and exchanges ecos with the GRB eco reserve to maintain monetary equilibrium. Peoples average ecosystem impact sets peoples eco account fees and the impact of transparent commercial eco accounts sets their fees. GRB income maintains the GRB network and basic income supports everyone for life. The GRB invests .1q ecos each in ecosystem restoration, conservation, education, green energy, recycling, science, technology, AI, health care, housing, agroecology, infrastructure, transportation, communication, disarmament, sport, art and the GRB network. The peoples feedback to the GRB rule-based algorithm regulates the value of natural resources, the GRB network percentage, and amount of basic income. The GRB is a decentralized autonomous network of people who rule the GRB eco algorithm by majority. The GRB eco accounts are accessed by biometric ID. After one year of inactivity eco accounts revert to the reserve.
The GRB Eco (e) Balance Sheet (quadrillions)
Assets Liabilities
5.0 natural resources 3.0 basic income for 8b+ people x e50/day x 20 years.
1.0 $ assets to e
1.8 invest in GRBnet, eco-restoration, conservation, etc.
________________________________________________________________________________________
6.0 minus 4.8 = 1.2 reserve
Vision – Imagine all the people sharing all the world. – John Lennon & Yoko Ono
Capitalism – People own and exchange property in free global markets.
Democracy – People rule a direct democratic eco exchange system.
Transparency – Verifies shareholders understanding and trust.
Communication – GRBnet supplies everyone world telecom.
Steady-State – The GRB maintains a steady-state economy.
World Peace – The GRB eco network transcends borders.
References – Sustainability . Free Exchange . Copionics
GRBnet for freedom from banks, politics, extortion, poverty, pollution, inflation and war.
John.Pozzi@grb.net