Global Resource Bank Doughnut Economics

The Global Resource Bank Eco Money Solution to Public Debt, Poverty, Pollution and War

The Global Resource Bank (GRB) Eco Money Algorithm for Sustainable Development
People value natural resources at two quadrillion GRB ecos with buying power of 2020 US$. The GRB settles public debt with ecos in exchange for public assets. GRB gains income from an ecosystem impact fee on GRB eco accounts and exchanges ecos with the GRB reserve to maintain ecological equilibrium. GRB eco income maintains the network, and basic income supports everyone for life. GRB people invest in eco-restoration, conservation, agroecology, education, technology, science, clean energy, health care, housing, infrastructure, the arts, disarmament and the GRB network. The average ecosystem impact sets our GRB account fees and the impact of transparent commercial accounts sets their fees. People’s average feedback to the GRB eco algorithm adjusts the value of natural resources, the GRB network percentage and the amount of our basic income. The GRB is a decentralized autonomous network of people who direct the GRB by majority. Free-flowing GRB ecos are pre-mined, accounts are accessed by biometric identification and guardians have proxy rights. Dollar denominated 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.

References: NY Academy of Sciences . Cybernetics . Copionics . Doughnut Economics

People for nature, peace and prosperity network GRB. .

Teofila Quispe . Marisa York . Frances Fox . Jo Anne Hissey and John.Pozzi@grb.net