posted on Feb, 24 2005 @ 09:45 AM
Great idea!
The Global Resource Bank charters a direct democratic global institution that we can institute right now.
Global Resource Bank - one planet - one currency
Introduction
The evils of poverty and pollution are interrelated consequences of an economic system that exploits nature and humans alike. With each recurring
international monetary crisis, political upheaval, act of terrorism, famine and war, the need for an alternative system becomes more apparent. The
Global Resource Bank is a world central bank that supports a prosperous global society. The Bank produces a commodity-based currency that integrates
civilization with Earth's natural environment. Global Resource Bank shareholders define economics as the science that deals with the production,
distribution and conservation of Earth's ecoproduct wealth such as air, water, soil, climate and biological diversity. The Bank issues ecocredit, a
global currency that values ecoproducts.
Global Resource Bank Charter
Article 1. Everyone owns one nontransferable share in the Global Resource Bank. Shareholders earn economic security by taking responsibility for
Earth's ecosystem.
Article 2. The Global Resource Bank produces ecocredit equal to the shareholder average annual evaluation of Earth's ecoproduct wealth.
Article 3. The shareholders value Earth's current ecoproduct wealth at six thousand trillion ecocredits. Ecocredits have the buying power of January
1, 2000 U. S. Federal Reserve notes.
Article 4. The Bank's Communication Account receives 500 trillion ecocredits to be invested in shareholder communications.
Article 5. The Bank's Capital Exchange Account receives 700 trillion ecocredits to be invested in ecosystems and exchanged for current national bank
notes and public debt.
Article 6. Shareholder Accounts receive 41 ecocredits per day for 20 years. Shareholders invest 10% of their Global Resource Bank income in
ecosystems.
Article 7. The Bank earns income from an ecosystem impact charge on shareholder and commercial accounts. The Bank's income account exchanges
ecocredit with the Bank's reserve to maintain the buying power of an ecocredit.
Article 8. Five percent of the Bank's income goes to the communication account and 95% is divided between shareholder accounts. The above percentages
are regulated by shareholder average annual choices.
Article 9. The majority of registered shareholders choose the Bank's manager. The manager sets the ecosystem impact charge and is responsible for the
communication and capital exchange accounts.
Article 10. After one year of inactivity account balances revert to the Bank's reserve. Amendments to this charter must be approved by a majority of
the shareholders. Guardians have proxy rights.
I cordially invite members to review relevant diagrams, questions and answers, and the bibliography at www.grb.net before replying.
Thank you,
John Pozzi