The natural beauty of nature is worth trillions of dollars a year; nature also supplies much of the world’s valuable: food, fresh water, clean air, medicines, health, energy, climate security and other essential services.
These natural habitats will be made into World Heritage Sanctuaries to be preserved for all future generations. The people of the world will then become stakeholders in protecting these wildlife sanctuaries, who will be designated as Earth Guardians.
The New Living Economic System upgrades the old economic system to become sustainable, by preserving life, and the valuing the beauty of nature. It also raises the standard of living of everyone on this planet, including keeping people happy and companies healthy.
The natural capital in the World Heritage Sanctuaries will be protected by the Earth Dollar and in turn it also backs the value of the Earth Dollar via the Smart Assets Tokens. Smart Assets are tradeable digital tokens backed by physical assets with intrinsic value; these physical assets includes natural capital assets, freshwater, trees, carbon credits, mineral rights, artworks, real estate, bonds…etc.
Already Billions of dollars in Smart Assets have been pledged on the Earth Dollar blockchain to back the Earth Dollar, to be verified using the United Nation’s Natural Capital Accounting System (NCA).
The Earth Dollar preserve the sacredness of nature by placing value on keeping an intact forest, a clean river, unpolluted air, abundant fishes, thriving wildlife and flourishing ancient human cultures through Natural Capital Accounting.We “value the sacred blessings of the Earth, such as the unspoiled land, the water, the flora, the fauna, the wildlife, all the inhabitants of the lands and the natural ecosystems that make all life possible“.
This gives everyone using the Earth Dollar a stake in keeping the forest intact, a river clean, air unpolluted, fishes abundant, wildlife thriving and ancient human cultures flourishing.
When the forests are healthy and grow abundantly, the value of the Earth Dollar will rise, thus increasing the standard of living of humanity. The Earth Dollar also reconnects humanity back to nature by making humanity become stakeholders in ensuring a healthy planet and maintaining the well-being of all its inhabitants and nature’s treasures.
A freshwater lake under the protection of the Earth Dollar will become less valuable if polluted, thus decreasing the value of the Earth Dollar, so the stakeholders (general public) would become unhappy, and would try to convince the company doing the polluting to change their methods; a company would also be less likely to pollute when they are using the Earth Dollar themselves, since they would want to keep their consumers happy. The whole new economic system values life, so that is why it is called a Living Economic System. Furthermore, this new system also raises the standard of living of everyone on the planet, while still keeping people happy and companies healthy.
By simply using the Earth Dollar over the long term and with mass adoption, it will bring climate injustice under control and heal our biosphere.
What is the economic loss if Mother Earth is destroyed? Would human life even be possible?
About the Author
David Kam is the visionary and creator of the Earth Dollar; he hopes to grow the Earth Dollar movement to alleviate global poverty and to Heal Our Mother Earth (H.O.M.E.). Using his Chinese Hakka roots, he also works with indigenous peoples worldwide to help them with their independence and prosperity.
David is a multi-talented individual that has worked with one of the world’s largest Fortune 500 company, as well as with numerous non- profit organizations. David is currently putting his talents to creating a more sustainable and a more peaceful world.
David also runs one of the largest green groups on the Internet, called LOHAS (Lifestyles of Health and Sustainability) with 14,000 green businesses, NGOs and associations, reaching millions of Cultural Creatives worldwide.
David is also an artist who is the founder of the Thinkism Art Movement (year 2001), the first fine art movement of the 21st century – described as the socially conscious art movement.
In 1990, David and his friends pioneered the energy drink category, being the first in the world to add ginseng to formulate their Energy Drinks, after noticing people lining up to buy ginseng root in Chinatown. They negotiated a 5 year franchising-licensing agreement with Grey Beverages, the largest independent bottler in Canada (now owned by Pepsi-Cola Bottling Group) to test market a E=MC² Energy Drink, for North Pole Beverages Co., in Western Canada (population 2 million people).
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