$5.28+ Trillion in Real Assets with intrinsic value is being tokenized to back the Earth Dollar. Real Assets include real estate assets (residential properties, and commercial properties), land, precious metals (in-ground assets of gold, silver, platinum, palladium, and rhodium), Natural Capital Assets (carbon credits, spring water, graphite, and titanium), commodities (hemp) and more. This will support the implementation of the Living Economic System.

One of the most interesting sub-categories of Real Assets is “Natural Capital Assets”. Natural Capital Assets are the world’s stock of natural resources, which includes geology, soils, air, water, and all living organisms. Some Natural Capital Assets provide people with free goods and services, often called ecosystem services. All of these underpin our economy and society and thus make human life possible.

The Earth Dollar will help usher in a new alternative Living Economy and “Natural Capital Standard” centered on the health and wellness of the Earth. While the Gold Standard used gold to underpin the USD, in Natural Capital Standard we will use the health and wellness of nature to underpin the Earth Dollar.

The Living Economic System is being created by modeling the World Bank’s Natural Capital Accounting System on the blockchain. This will allow the generation of new wealth, prosperity, and abundance by keeping fossil fuels in the ground, and by protecting, restoring, and revitalizing the Earth.

The Living Economic System changes our current economic system from extraction to restoration. When more trees are planted, waters are cleaned, more forests are protected, increase in biodiversity, and more food is grown, new wealth will be generated.

The Earth Dollar represents the largest deployment of Natural Capital Assets on the blockchain. The Earth Dollar will prove that we can generate new wealth, prosperity, and abundance by caring for the Earth.

The Living Economic System is designed to unleash trillions of dollars of new wealth, prosperity, and abundance to reinvigorate the global economy. 

The Living Economic System includes a decentralized blockchain-based platform to register, track, insure, tokenize, and monetize trillions of dollars of Real Assets, including unused, untapped, underused, dormant, new, restored, and in-ground assets. Real Assets include real estate assets, land, precious metals, Natural Capital Assets, commodities, and more. If you are an asset owner, contact us to help you monetize your assets.

Note: Some of the Natural Capital Assets are part of our World Heritage Sanctuaries being co-stewarded in partnership with Indigenous Nations and local communities. The sanctuaries are protected from commercial exploitation by insurance policies; the insurance policies back the value of the Earth Dollar, not the land so they can never lose it. 

$5.28+ Trillion in Real Assets with intrinsic value is being tokenized to back the Earth Dollar. Real Assets include real estate assets (residential properties, and commercial properties), land, precious metals (in-ground assets of gold, silver, platinum, palladium, and rhodium), Natural Capital Assets (carbon credits, spring water, graphite, and titanium), commodities (hemp) and more. This will support the implementation of the Living Economic System.

This will help usher in a new alternative Living Economy and “Natural Capital Standard” centered on the health and wellness of the Earth. 

The Living Economic System is being created by modeling the World Bank’s Natural Capital Accounting System on the blockchain. This will allow the generation of new wealth, prosperity, and abundance by keeping fossil fuels in the ground, and by protecting, restoring, and revitalizing the Earth.

The Living Economic System changes our current economic system from extraction to restoration. When more trees are planted, waters are cleaned, more forests are protected, increase in biodiversity, and more food is grown, new wealth will be generated.

The Earth Dollar represents the largest deployment of Natural Capital Assets on the blockchain. The Earth Dollar will prove that we can generate new wealth, prosperity, and abundance by caring for the Earth.

The Living Economic System is designed to unleash trillions of dollars of new wealth, prosperity, and abundance to reinvigorate the global economy. 

This is done by registering, tracking, insuring, tokenizing, and monetizing trillions of dollars of Real Assets, including unused, untapped, underused, dormant, new, restored, and in-ground assets. Real Assets include real estate assets, land, precious metals, Natural Capital Assets, commodities, and more. If you are an asset owner, contact us to help you monetize your assets.

Note: Some of the Natural Capital Assets are part of our World Heritage Sanctuaries being co-stewarded in partnership with Indigenous Nations and local communities. The sanctuaries are protected from commercial exploitation by insurance policies; the insurance policies back the value of the Earth Dollar, not the land so they can never lose it.

$145 trillion per year of Natural Capital Assets (on Earth) are currently unaccounted for, according to a study published in the journal “Nature” by Robert Costanza. 

These unaccounted-for assets can be easily brought on-chain through the Earth Dollar and the Living Economic System to generate wealth for the common good.

In an extensive study led by Robert Costanza, thirteen ecologists, economists and geographers estimated the global value of 17 ecosystem services at $145 trillion USD per year updated as of 2014. The results were published in the journal Nature. We believe the 2018 figures will be much higher due to inflation. 

Standard peer-review reports use a 100-year standard to estimate the value of nature. This figure did not include minerals, oil, fossil fuels, freshwater, the oceans, fishes, marine creatures, or other factors.

Abstract of Report can be viewed or purchased here.

In 1997, the global value of ecosystem services was estimated to average $33 trillion/yr in 1995 $US ($46 trillion/yr in 2007 $US). In this paper, we provide an updated estimate based on updated unit ecosystem service values and land-use change estimates between 1997 and 2011.

We also address some of the critiques of the 1997 paper. Using the same methods as in the 1997 paper but with updated data, the estimate for the total global ecosystem services in 2011 is $125 trillion/yr (assuming updated unit values and changes to biome areas) and $145 trillion/yr (assuming only unit values changed), both in 2007 $US.

From this, we estimated the loss of eco-services from 1997 to 2011 due to land-use change at $4.3–20.2 trillion/yr, depending on which unit values are used. Global estimates expressed in monetary accounting units, such as this, are useful to highlight the magnitude of eco-services but have no specific decision-making context. However, the underlying data and models can be applied at multiple scales to assess changes resulting from various scenarios and policies.

We emphasize that the valuation of eco-services (in whatever units) is not the same as commodification or privatization. Many eco-services are best considered public goods or common pool resources, so conventional markets are often not the best institutional frameworks to manage them. However, these services must be (and are being) valued, and we need new, common asset institutions to better take these values into account.

$145 trillion per year of Natural Capital Assets (on Earth) are currently unaccounted for, according to a study published in the journal “Nature” by Robert Costanza. 

These unaccounted-for assets can be easily brought on-chain through the Earth Dollar and the Living Economic System to generate wealth for the common good.

In an extensive study led by Robert Costanza, thirteen ecologists, economists and geographers estimated the global value of 17 ecosystem services at $145 trillion USD per year updated as of 2014. The results were published in the journal Nature. We believe the 2018 figures will be much higher due to inflation. 

Standard peer-review reports use a 100-year standard to estimate the value of nature. This figure did not include minerals, oil, fossil fuels, freshwater, the oceans, fishes, marine creatures, or other factors.

Abstract of Report can be viewed or purchased here.

In 1997, the global value of ecosystem services was estimated to average $33 trillion/yr in 1995 $US ($46 trillion/yr in 2007 $US). In this paper, we provide an updated estimate based on updated unit ecosystem service values and land-use change estimates between 1997 and 2011.

We also address some of the critiques of the 1997 paper. Using the same methods as in the 1997 paper but with updated data, the estimate for the total global ecosystem services in 2011 is $125 trillion/yr (assuming updated unit values and changes to biome areas) and $145 trillion/yr (assuming only unit values changed), both in 2007 $US.

From this, we estimated the loss of eco-services from 1997 to 2011 due to land-use change at $4.3–20.2 trillion/yr, depending on which unit values are used. Global estimates expressed in monetary accounting units, such as this, are useful to highlight the magnitude of eco-services but have no specific decision-making context. However, the underlying data and models can be applied at multiple scales to assess changes resulting from various scenarios and policies.

We emphasize that the valuation of eco-services (in whatever units) is not the same as commodification or privatization. Many eco-services are best considered public goods or common pool resources, so conventional markets are often not the best institutional frameworks to manage them. However, these services must be (and are being) valued, and we need new, common asset institutions to better take these values into account.

The Earth Dollar is introducing a new “Natural Capital Standard”, which is comparable to the “Gold Standard”. 

The Natural Capital Standard is simply a basket of Natural Capital Assets instead of a single commodity like gold in the Gold Standard to back the value of the Earth Dollar.

$5.28+ trillion of Natural Capital Assets (a form of nature-based Real Assets, including in-ground assets of gold, silver, platinum, palladium, rhodium, carbon credits, water, trees, and other types of Natural Capital Assets) are being tokenized to back the value of the Earth Dollar.

The value of Natural Capital Assets worldwide is much larger than all the gold reserves held in the world’s vaults. Up to $145 trillion per year in Natural Captial Assets can be tokenized on-chain to back the Earth Dollar.

What is the Gold Standard and Bretton Woods?

The gold standard is a system where a country uses a fixed quantity of gold to set the value of its currency. When paper money is created and issued to the population, the denominations reflect a weight in gold appropriate for the specific bill. One ounce of gold could represent the lowest value bill, like one dollar; 5 ounces could equal a $5 bill.

The government issuing the currency must hold an amount of gold that matches the money in circulation based on its price. This is the only way to ensure that the country’s currency maintains the value it is supposed to under this standard. 

The gold standard is a monetary system where a currency is pegged to the price of a specific amount of gold. The U.S. was only ever on a true gold standard from 1879 to 1933.

The Bretton Woods agreement attempted to create an international system with gold as a standard, but it failed.

Any ties currency had to gold in the U.S. were severed in 1971 by President Richard Nixon.

 A History of the Gold Standard

Gold has been used as the currency of choice throughout history because it is rare, difficult to obtain, malleable, and does not corrode. Its earliest known use as a minted currency was around 600 B.C.E. in Lydia, in present-day Turkey.

While gold was minted into coins and used for trading afterward, the precious metal did not become a standard until the 19th century. Britain used gold as a standard as early as 1816, but it was not until the 1870s that gold became an international standard for valuing the currency. The United States adopted the gold standard in 1879 after several attempts to use various exchange methods failed.

The Gold Standard Act of 1900 established gold as the only metal for redeeming paper currency in the U.S. The act guaranteed that the government would redeem any amount of paper money for its value in gold, and it meant that transactions no longer had to be done with heavy gold bullion or coins because the paper currency had a guaranteed value tied to something real. Governments struggled for decades to find a way to make a gold standard work globally.  

The End of the Gold Standard

Between 1900 and 1932, the U.S. faced several economic challenges and entered World War I. Bank runs—large numbers of people rushing to the bank to withdraw cash—were causing banks to fail. In addition, seasonal occurrences that required large amounts of cash, such as crop harvests, strained banks’ ability to supply cash because, much like today, they did not keep enough cash on hand to cover increased demands.

The Federal Reserve System was created in an attempt to meet the demands for cash and stabilize prices by issuing notes to help banks issue cash when demand was up. Unfortunately, the Fed’s creation and actions didn’t have the intended effect. In 1933, the gold standard was ended because it was unsustainable. The system simply couldn’t keep up with consumers’ demand for cash.

 Additionally, the Fed was limited in the actions it could take—if it printed more money, it devalued the dollar; if it lowered interest rates, gold investors and owners would sell their gold overseas and reduce the country’s supply of gold. For these reasons, gold became an asset only specific entities could hold.

 The Gold Reserve Act of 1934 in part prevented gold runs as the gold standard became unsustainable.

 Enacted on Jan. 30, 1934, the Gold Reserve Act prohibited the private ownership of gold except under license. This act removed gold from circulation and as a peg of value—so a proper gold standard in the U.S. only existed from 1879 to 1933.

After the Gold Standard

In 1944, the Bretton Woods agreement was made by allied nations in Bretton Woods, New Hampshire. This agreement pegged all involved country’s currencies to the U.S. dollar and pegged the U.S. dollar to the price of gold at $35 an ounce.

Currencies became convertible under the Bretton Woods system in 1944, which means that one country’s currency could be exchanged for another’s. The U.S. was supposed to maintain gold’s price and its inventory so that it could redeem dollars for gold. However, international currency circulation caused too many U.S. dollars to be held in foreign countries.

If those countries had decided to redeem their dollars for gold, the U.S. wouldn’t have had enough at $35 per ounce to do so. This effectively ended what was left of the gold standard; in 1971, President Richard Nixon announced that dollars could no longer be redeemed for gold.

Lydian Coins: the world’s first gold standard coin, 600 BCE

The U.S. dollar remains strong because it is used as a global currency. It is also the currency several countries use as a peg for their money.

The Petrodollar Oil Backing

 Currently, the USD is backed by oil from Saudi Arabia, and OPEC countries; this is why the USD is called the Petrodollar.

Without gold backing, Washington is concerned that global demand for the U.S. “paper” dollar could subside.

In 1973-1974, to maintain global US dollar demand, Washington creates the petrodollar system. The first to enter this arrangement is Saudi Arabia. The Saudis agree to price all of their oil in U.S. dollars and even to invest some of their profits into U.S. Treasury securities. In exchange, the U.S. provides weapons to the Saudis, along with U.S. military bases to “protect” the Saudi oil fields.

In the late 1970s, Washington makes similar deals with almost all OPEC nations. Those oil-producing nations who agree to denominate their oil in dollars and then invest their profits into U.S. Treasury’s get weapons and “protection.” The petrodollar system, created in the Nixon-Kissinger era, was likely one of the most brilliant economic moves in recent political memory. However, the system began breaking down around a decade ago.

The Decline of the Petrodollar

Before the invasion and regime change in Iraq around 2003, it was reported that Saddam Hussein was attempting to trade oil for gold, and many suspect that this is why the Bush administration invaded Iraq. All of us now know that their “weapons of mass destruction” narrative was completely fraudulent and simply a false pretense for the neocons to invade Iraq.

In 2009, Russia created BRICS. BRICS is the acronym coined to associate five major emerging economies: Brazil, Russia, India, China, and South Africa. The BRICS members are known for their significant influence on regional affairs. Since 2009, the governments of the BRICS states have met annually at formal summits. The summits encouraged collaboration in banking, money transfers, trade, commercial, political, and cultural cooperation among the BRICS nations.

Russia Invades Ukraine

The first challenge by a major power to what became known as the petrodollar has come in 2022. 

Russia invaded Ukraine on February 24, 2022. In the month after the Ukraine conflict began, the U.S. and its European allies imposed heavy financial sanctions on Russia in response to the illegal military invasion. The Western measures included freezing nearly half of the Russian central bank’s 640 billion U.S. dollars in financial reserves, expelling several of Russia’s largest banks from the SWIFT global payment system, imposing export controls aimed at limiting Russia’s access to advanced technologies, closing down their airspace and ports to Russian planes and ships, and instituting personal sanctions against senior Russian officials and high-profile tycoons. Worried Russians rushed to withdraw rubles from their banks, and the value of the ruble plunged on global markets just as the U.S. dollar had in the early 1970s.

On March 23, Putin announced that Russia’s natural gas would be sold to “unfriendly countries” only in Russian rubles or gold, rather than the euros or dollars currently used. Forty-eight nations are counted by Russia as “unfriendly,” including the United States, Britain, Ukraine, Switzerland, South Korea, Singapore, Norway, Canada, and Japan.

Putin noted that more than half the global population remains “friendly” to Russia. Countries not voting to support the sanctions include two major powers – China and India – along with major oil producers Venezuela, Turkey, and other countries in the “Global South.” “Friendly” countries, said Putin, could now buy from Russia in various currencies.

Russia has also agreed to sell oil to India in India’s sovereign currency, the rupee; to China in yuan; and to Turkey in Lira. These national currencies can then be spent on the goods and services sold by those countries. Russia has also agreed to sell oil to India in India’s sovereign currency, the rupee; to China in yuan; and to Turkey in Lira. These national currencies can then be spent on the goods and services sold by those countries. 

Russia and China have both developed alternatives to the SWIFT messaging system from which certain Russian banks and going outside SWIFT means Western banks cannot track Russian and Chinese trades. China, India, Brazil & other major partners are joining this alternate international banking system.

As Russia is the third-largest oil producer after the U.S. and Saudi Arabia, a boycott on Russian oil will likely continue pushing the world away from the U.S. petrodollar system.

The Earth Dollar can become a good international trading currency since it is a neutral, non-political, immutable, and decentralized alternative to national currencies. It is also carbon-negative and restores the Earth.

The Earth Dollar is introducing a new “Natural Capital Standard”, which is comparable to the “Gold Standard”. 

The Natural Capital Standard is simply a basket of Natural Capital Assets instead of a single commodity like gold in the Gold Standard to back the value of the Earth Dollar.

$5.28+ trillion of Natural Capital Assets (a form of nature-based Real Assets, including in-ground assets of gold, silver, platinum, palladium, rhodium, carbon credits, water, trees, and other types of Natural Capital Assets) are being tokenized to back the value of the Earth Dollar.

The value of Natural Capital Assets worldwide is much larger than all the gold reserves held in the world’s vaults. Up to $145 trillion per year in Natural Captial Assets can be tokenized on-chain to back the Earth Dollar.

What is the Gold Standard and Bretton Woods?

The gold standard is a system where a country uses a fixed quantity of gold to set the value of its currency. When paper money is created and issued to the population, the denominations reflect a weight in gold appropriate for the specific bill. One ounce of gold could represent the lowest value bill, like one dollar; 5 ounces could equal a $5 bill.

The government issuing the currency must hold an amount of gold that matches the money in circulation based on its price. This is the only way to ensure that the country’s currency maintains the value it is supposed to under this standard. 

The gold standard is a monetary system where a currency is pegged to the price of a specific amount of gold. The U.S. was only ever on a true gold standard from 1879 to 1933.

The Bretton Woods agreement attempted to create an international system with gold as a standard, but it failed.

Any ties currency had to gold in the U.S. were severed in 1971 by President Richard Nixon.

 A History of the Gold Standard

Lydian Coins: the world’s first gold standard coin, 600 BCE

Gold has been used as the currency of choice throughout history because it is rare, difficult to obtain, malleable, and does not corrode. Its earliest known use as a minted currency was around 600 B.C.E. in Lydia, in present-day Turkey.

While gold was minted into coins and used for trading afterward, the precious metal did not become a standard until the 19th century. Britain used gold as a standard as early as 1816, but it was not until the 1870s that gold became an international standard for valuing the currency. The United States adopted the gold standard in 1879 after several attempts to use various exchange methods failed.

The Gold Standard Act of 1900 established gold as the only metal for redeeming paper currency in the U.S. The act guaranteed that the government would redeem any amount of paper money for its value in gold, and it meant that transactions no longer had to be done with heavy gold bullion or coins because the paper currency had a guaranteed value tied to something real. Governments struggled for decades to find a way to make a gold standard work globally.  

The End of the Gold Standard

Between 1900 and 1932, the U.S. faced several economic challenges and entered World War I. Bank runs—large numbers of people rushing to the bank to withdraw cash—were causing banks to fail. In addition, seasonal occurrences that required large amounts of cash, such as crop harvests, strained banks’ ability to supply cash because, much like today, they did not keep enough cash on hand to cover increased demands.

The Federal Reserve System was created in an attempt to meet the demands for cash and stabilize prices by issuing notes to help banks issue cash when demand was up. Unfortunately, the Fed’s creation and actions didn’t have the intended effect. In 1933, the gold standard was ended because it was unsustainable. The system simply couldn’t keep up with consumers’ demand for cash.

 Additionally, the Fed was limited in the actions it could take—if it printed more money, it devalued the dollar; if it lowered interest rates, gold investors and owners would sell their gold overseas and reduce the country’s supply of gold. For these reasons, gold became an asset only specific entities could hold.

 The Gold Reserve Act of 1934 in part prevented gold runs as the gold standard became unsustainable.

 Enacted on Jan. 30, 1934, the Gold Reserve Act prohibited the private ownership of gold except under license. This act removed gold from circulation and as a peg of value—so a proper gold standard in the U.S. only existed from 1879 to 1933.

After the Gold Standard

In 1944, the Bretton Woods agreement was made by allied nations in Bretton Woods, New Hampshire. This agreement pegged all involved country’s currencies to the U.S. dollar and pegged the U.S. dollar to the price of gold at $35 an ounce.

Currencies became convertible under the Bretton Woods system in 1944, which means that one country’s currency could be exchanged for another’s. The U.S. was supposed to maintain gold’s price and its inventory so that it could redeem dollars for gold. However, international currency circulation caused too many U.S. dollars to be held in foreign countries.

If those countries had decided to redeem their dollars for gold, the U.S. wouldn’t have had enough at $35 per ounce to do so. This effectively ended what was left of the gold standard; in 1971, President Richard Nixon announced that dollars could no longer be redeemed for gold.

The U.S. dollar remains strong because it is used as a global currency. It is also the currency several countries use as a peg for their money.

The Petrodollar Oil Backing

 Currently, the USD is backed by oil from Saudi Arabia, and OPEC countries; this is why the USD is called the Petrodollar.

Without gold backing, Washington is concerned that global demand for the U.S. “paper” dollar could subside.

In 1973-1974, to maintain global US dollar demand, Washington creates the petrodollar system. The first to enter this arrangement is Saudi Arabia. The Saudis agree to price all of their oil in U.S. dollars and even to invest some of their profits into U.S. Treasury securities. In exchange, the U.S. provides weapons to the Saudis, along with U.S. military bases to “protect” the Saudi oil fields.

In the late 1970s, Washington makes similar deals with almost all OPEC nations. Those oil-producing nations who agree to denominate their oil in dollars and then invest their profits into U.S. Treasury’s get weapons and “protection.” The petrodollar system, created in the Nixon-Kissinger era, was likely one of the most brilliant economic moves in recent political memory. However, the system began breaking down around a decade ago.

The Decline of the Petrodollar

Before the invasion and regime change in Iraq around 2003, it was reported that Saddam Hussein was attempting to trade oil for gold, and many suspect that this is why the Bush administration invaded Iraq. All of us now know that their “weapons of mass destruction” narrative was completely fraudulent and simply a false pretense for the neocons to invade Iraq.

In 2009, Russia created BRICS. BRICS is the acronym coined to associate five major emerging economies: Brazil, Russia, India, China, and South Africa. The BRICS members are known for their significant influence on regional affairs. Since 2009, the governments of the BRICS states have met annually at formal summits. The summits encouraged collaboration in banking, money transfers, trade, commercial, political, and cultural cooperation among the BRICS nations.

Russia Invades Ukraine

The first challenge by a major power to what became known as the petrodollar has come in 2022. 

Russia invaded Ukraine on February 24, 2022. In the month after the Ukraine conflict began, the U.S. and its European allies imposed heavy financial sanctions on Russia in response to the illegal military invasion. The Western measures included freezing nearly half of the Russian central bank’s 640 billion U.S. dollars in financial reserves, expelling several of Russia’s largest banks from the SWIFT global payment system, imposing export controls aimed at limiting Russia’s access to advanced technologies, closing down their airspace and ports to Russian planes and ships, and instituting personal sanctions against senior Russian officials and high-profile tycoons. Worried Russians rushed to withdraw rubles from their banks, and the value of the ruble plunged on global markets just as the U.S. dollar had in the early 1970s.

On March 23, Putin announced that Russia’s natural gas would be sold to “unfriendly countries” only in Russian rubles or gold, rather than the euros or dollars currently used. Forty-eight nations are counted by Russia as “unfriendly,” including the United States, Britain, Ukraine, Switzerland, South Korea, Singapore, Norway, Canada, and Japan.

Putin noted that more than half the global population remains “friendly” to Russia. Countries not voting to support the sanctions include two major powers – China and India – along with major oil producers Venezuela, Turkey, and other countries in the “Global South.” “Friendly” countries, said Putin, could now buy from Russia in various currencies.

Russia has also agreed to sell oil to India in India’s sovereign currency, the rupee; to China in yuan; and to Turkey in Lira. These national currencies can then be spent on the goods and services sold by those countries. Russia has also agreed to sell oil to India in India’s sovereign currency, the rupee; to China in yuan; and to Turkey in Lira. These national currencies can then be spent on the goods and services sold by those countries. 

Russia and China have both developed alternatives to the SWIFT messaging system from which certain Russian banks and going outside SWIFT means Western banks cannot track Russian and Chinese trades. China, India, Brazil & other major partners are joining this alternate international banking system.

As Russia is the third-largest oil producer after the U.S. and Saudi Arabia, a boycott on Russian oil will likely continue pushing the world away from the U.S. petrodollar system.

The Earth Dollar can become a good international trading currency since it is a neutral, non-political, immutable, and decentralized alternative to national currencies. It is also carbon-negative and restores the Earth.