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Global Reserve Bank
The Global Reserve Bank (GRB) is a world central bank that supports a prosperous global community of GRB shareholders. The GRB produces GRB ecocredits equal to the shareholders value of Earth's natual assets. The GRB issues ecocredits as a global medium of exchange, universal standard of value and store of wealth. In this way the GRB converts Earth's assets directly to ecocredit currency. The GRB earns income from an ecosystem impact charge on shareholder and commercial accounts. GRB income pays for communications, ecosystem renewal and earns shareholders a basic income.Now, to fully enjoy the beauty, abundance and vitality of planet Earth, GRB shareholders enact the GRB charter.
Global Reserve Bank CharterArticle 1. Every person in the world owns one permanent share in the GRB. The GRB produces GRB ecocredits (e) equal to the shareholders average valuation of Earth's ecosystem assets.
Article 2. GRB shareholders value Earth's current ecosystem assets at six quadrillion ecocredits. GRB ecocredits have the buying power of January 1, 2000 Federal Reserve Notes.
Article 3. GRB shareholders capitalize the GRB Communication Account with 500 trillion ecocredits to invest in shareholder communications.
Article 4. GRB shareholders capitalize the GRB Capital Exchange Account with 700 trillion ecocredits to invest ecosystem renewal and exchange for national bank notes.
Article 5. GRB shareholders capitalize GRB Shareholder Accounts with 41 ecocredits per day for 20 years. The GRB converts the national bank note account of shareholder and commercial assets to GRB ecocredits.
Article 6. The GRB earns income from an ecosystem impact charge on shareholder and commercial accounts. The GRB Income Account exchanges ecocredits with the GRB Reserve Account to maintain the buying power of an ecocredit.
Article 7. Five percent of GRB income goes to the communication account and 95% is divided between fully capitalized shareholder accounts. GRB shareholders invest 10% of their GRB income in ecosystem renewal. The above percentages are set by shareholder average choices.
Article 8. The majority of registered shareholders choose the GRB manager. The GRB manager sets the ecosystem impact charge and is responsible for the communication and capital exchange accounts.
Article 9. After one year of inactivity account balances revert to the GRB reserve. Amendments to the GRB charter must be approved by a majority of the shareholders. Guardians have proxy rights.
ConclusionGRB shareholders earn financial freedom by taking responsibility for Earth's ecosystem.
Questions & Answers1. What secures GRB ecocredits?
The shareholders value of Earth's ecosystem assets like air, soil, water, climate, biology, chemistry, ecology, economy, physics, energy, astronomy, diversity, nature, etc.
2. Why do GRB shareholders value Earth's current ecosystem assets at six quadrillion ecocredits that have the buying power of January 1, 2000 Federal Reserve Notes?
The date fixes the buying power of one ecocredit and six quadrillion ecocredits are needed to capitalize a prosperous global community of more than six billion shareholders.
3. Why six quadrillion ecocredits: e6, 000,000,000,000,000?
Because: In the year 2000 it took 15,000 US$ to support a first world child, and e15,000 times six billion shareholders, times 20 years equals e1.8 quadrillion. Additionally, to jump start an ecological economy, GRB shareholders invest e1.2 quadrillion in shareholder communications, ecosystem renewal and national bank notes. Three quadrillion ecocredits remain in the GRB reserve account to capitalize additional shareholder accounts and as the measure of the Bank's reserve ecosystem assets.
4. How can the Bank's reserve ecosystem assets be increased?
GRB shareholders can increase their investment in ecosystem renewal and decrease their ecofootprint and the GRB manager can increase the ecosystem impact charge on shareholder and commercial accounts.
5. How are the ecosystem impact charges set and when are they transferred to the GRB Income Account?
The shareholder account charge is set by the shareholder average ecosystem impact. Commercial account charges are set by their industry's impact. They are transferred daily.
6. What are some examples of shareholder investments in ecosystem renewal?
GRB shareholders invest in Mother Earth, communications, health, education, science and the arts, sustainable farming, fishing and foresting, ecological design and development, recycling, disarmament, restoring polluted areas to nature, etc.
7. Can shareholder income be projected beyond 20 years?
Yes. In twenty years there will be more than three quadrillion ecocredits in shareholder and commercial accounts. If in year twenty one the average ecosystem impact charge were 4%, GRB income would be e120t. If 5% paid for communications, 95% would earn six billion fully capitalized shareholders about twenty thousand ecocredits each.
8. Can GRB accounts be shown on a GRB ecocredit flow chart?
Yes. The ongoing GRB ecocredit flow chart below is shown after the depletion of the GRB Capital Exchange Account.
9. Is the GRB a direct democratic institution?Yes, the GRB is a direct democratic institution that earns every person on Earth a sustainable basic income.
10. Can GRB shareholders earn additional income by marketing capital, labor, land, food, shelter, energy, art, technology, communications, ideas and other goods and services?
Yes.
11. How do GRB shareholders access the GRB?
The GRB buy's GRB shareholders biometrically keyed mobile telecommunicators and pays for unlimited service.
12. As shareholder income and open communication eliminates the need for welfare and defense; what becomes of nations?
Initially nations are funded by GRB investments in UN & NGO ecosystem renewal programs. Ultimately nations evolve into ecological communities that manage themselves.
13. How do landless shareholders acquire land?
The GRB funds UN & NGO programs that acquire ecocommunity lands. Unattached shareholders utilize shareholder income and commercial financial services.
14. What becomes of political economy and its military industrial component in the GRB system?
In the GRB system political economy evolves as clean commercial activity and its military industrial component is employed to supply shareholder communications and contribute to the evolution of a type 2 star civilization.
15. Are GRB ecocredits an economical medium of exchange?
Yes, GRB ecocredits eliminate the cost of Money as Debt. That includes the cost of politics, interest, exchange rates, transfer fees, regulation, taxation, tariffs, poverty, pollution, inflation, deflation, recession, depression, ecocide, genocide, fear, migration, terrorism, war, etc.
16. Will open communications and economic security reverse shareholder population growth?
Yes, most notably the lack of information and poverty induced population growth.
17. Is the GRB transparent?
Yes, except for GRB shareholder accounts.
18. How many types of GRB accounts are there?
There are six types of GRB accounts: Shareholder, Capital Exchange, Communication, Commercial, and the Bank's Income and Reserve accounts.
19. Does the GRB bailout the financial services industry?
Yes. The GRB capitalizes a transparent ecocredit financial services industry in exchange for the world's public debt.
20. How long will it take to establish the GRB?
The GRB is established overnight by way of the BIS.
21. When will the GRB be open for business?
When shareholder registration achieves critical mass.
Shareholders are invited to participate in the GRB Forum.
References & CommentsMerriam-Webster: Political economy deals with the production, distribution and consumption of labor made assets and with the various related cost of politics, interest, exchange rates, transfer fees, regulation, taxation, tariffs, poverty, pollution, inflation, deflation, recession, depression, ecocide, genocide, fear, migration, terrorism, war, etc.
Merriam-Webster's definition of political economy begs the question: What is economical about politics and the consumption of labor made assets, and not economical about a direct democracy and the conservation of Earth made assets?
Wikipedia Encyclopedia: Ecological economic science studies the interdependence between life and Earth.
The GRB is based on ecological economic science.
Brandt: Eco, the ancient Greek word for house, is the basis of the modern words economy, or 'rules of the house', and ecology, or 'structure of the house'. This begs the question; why don't we live by those rules or value that structure?
We don't live by 'Earth Rules' because the financial services industry produces money as debt by mortgaging Earth products.
Darwin: Humans are a product of Earth.
True.
Watson: Ecocide destroys life.
GRB shareholders restore ecosystems.
Stamp: Bankers own the Earth.
GRB shareholders own the Bank.
Jefferson: Private banks rule us with perpetual debt.
The GRB settles the world's public debt.
Aristotle: States, not nature, create fiat money.
Nature, not states, creates ecocredit money.
Greenspan: Gold is a durable commodity.
Biomass is a renewable commodity.
Brown: Neoclassical economics is in conflict with nature.
GRB shareholders live in harmony with nature.
Volcker: A global economy requires a global currency.
Ecocredit is a global currency.
Mundell: We need a bank that produces a common asset.
Ecocredit is a common asset.
Quesnay: Earth is the only source of net product above cost.
True.
Smith: The products of labor are the basis of our economy.
False. The products of Earth are the basis of our economy.
Perkins: We must change the world.
GRB shareholders change the world.
Fuller: To change things make the existing reality obsolete.
The GRB makes neoclassical economics obsolete.
Campbell: Humans will either value Earth or live in hell.
GRB shareholders value Earth and live in paradise.
Permaculture: Sustainable living follows natural patterns.
GRB shareholders invest in sustainable living.
Shaw: Copionics is the science of natural abundance.
GRB shareholders enjoy natural abundance.
Einstein: Imagination is more important than knowledge.
True.
Lennon: Imagine all the people sharing all the world.
Imagine GRB.NET
ReviewsVirgilio: GRB earns everyone a share of natural abundance.
Nairobi Standard: GRB - New economic model designed
The Progress Report: GRB - You are already an owner
Caddy: The GRB begins the New Age.
Yunus: Godspeed the GRB.
GRB RegistrationRegistered Accounts - password: jp
Shareholder Feedback to articles 7, 8 and 9.
GRB Manager ApplicantsApplicants please contact a contributor. Thank you.
Contributors
Michael Araya, Lennart Bylund, Frances Fox, Joanne Hissey, John Pozzi, Vanessa Schulz, Adam Taylor, Joanie Watkins