Real Bank, San Pedro-Ambergris Cay, Belize. April 7 2020
Real Bank and Real Money
After the global collapse of
fiat currencies and Bank runs that the
fractional reserve banking could not handle there is a new hope: Real Money and Real Bank. The concept is very simple: The Dollar, the Euro, the Renminbi, the Ruppe . . . all currencies were disconnected from real assets, from reality and that´s why they collapsed. It got even worse when virtual currencies from games where exchanged for real objects. The
energetic cost, the real impact every purchase has on a social and environmental levels was abstracted even further. Instead Real Money is based on real objects and real time. You work an hour = 1 Real Money Unit. I kilo of bananas = 1 Real Money Unit. Real Bank units can´t be printed unless there is a real tangible object or quantified hour of work. Simple. The Real Bank is Community Owned by the San Pedro Community.
This is what Real Money looks like.
Sure this is just the beginning and complexity will emerge pretty soon. So far a Doctors hour is worth exactly the same as a bus driver hour, but everyone seems fine with it for now. The future might be a different story. How many kilos of mango do you need to buy a laptop? 536. It can get complicated soon, so people are lookingn into this alternatives:
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