Nations and networks are not investing enough in the future, to prepare for the coming changes in the way much of humanity will live. Even if we are able to successfully prevent a majority of the worst outcomes expected by science, a large and growing body of people will be stateless, homeless, and without proven identity to move freely and safely in the world.
Why can't this challenge be treated as the greatest opportunity of all time? And why would there not be at least one, if perhaps not many global banks, devoted to financing the social impact entrepreneurship outcomes needed to solve for the way we live in the future? And why would we not do that in a way that ordinary savers can participate in the same way their grandparents did?
Too dysfunctional
Too limited
Too risky
Venture capital for social impact has been growing but it is not enough to meet the task. If impact capital remains high risk, then investing in humanity stays high risk as well. This problem has a solution.
"We have evolved incredible financial genius in the last several hundred years and in all that transformation we have somehow boxed saving humanity into a category of high risk."
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The Bank of Humanity is a new, ownerless open-source investment bank devoted to social impact. It offers a financial environment by which savers and investors can enjoy the same protection of fixed-rate, guaranteed, capital protected products just as they do now with the FDIC, SRB, and other insured banking networks, The difference is that the GIDIC products will be available globally, and without limit to the size of deposit protection because every dollar is to be fully and transparently collateralized, 1 to 1, dollar for dollar for the life of the deposit.
If ordinary depositors could keep their money in a protected savings plan, inside a global deposit insurance system, offering both competitive rates, and collateral protection, while also devoted in cause to social impact, there would be more than a flood of new capital flowing. There would be a flood of old capital as well.
People want to be engaged and involved in the solutions ESPECIALLY when their
survival is on the line
It is estimated the Sustainable Development Goals are $3.5 Trillion in deficit. In World War 1, our ancestors raised more than that (in today's dollars) in the US alone. During World War I, and again in World War II, when survival was on the line, people bought war bonds, to help future pay for survival. They were, of course, guaranteed by the government. Without that collaboration, between the depositors and the guarantors, 20th century life would have been very different, and certainly much darker.
A new, ownerless social impact bank can issue survival bonds, with as good or better protection than any present government can make, and safety reinvest that capital into social impact outcomes that are profitable enough to become self sustainable.
