Key points

The global dollar is a unit of value at the core of functionally better money (as a medium of exchange, a unit of account, a store of value, and a standard of deferred payment).

The global dollar is not a cryptocurrency or conventional security, but can be issued in various forms by multiple providers (including as a crypto coin or OTC note).

Global dollars remain financially equivalent from year to year and reflect global investment opportunity cost; there is no need for ‘time value of money’ calculations or interest rate estimates, and no trade-off between liquidity and return.

The unit is constant in global wealth terms; no financial exposure to currency risk.

The Global Reserve System is the settlement system behind the ‘global dollar standard’, much like the interbank settlement systems run by central banks.

Money supply expands and contracts according to demand, without affecting price.

Member institutions receive shares proportionate to their settlement accounts; future growth of the system will lead to increasing dividends.

Global dollar value depends on the underlying assets of the Global Reserve Portfolio.

It is intended that the portfolio will be generally acceptable as a balanced, globally diversified investment: 30% equity; 30% property; 30% money; 10% gold.

Cryptocurrency exchanges issue crypto global dollar coins, stock brokers and financial institutions issue OTC global dollar notes, for internal and external use.

Portfolio returns are implicit within the value of the global dollar unit, making explicit interest redundant (ideal for uninvested funds).

A common standard of value adopted by exchanges makes crypto commerce viable while allowing the ecosystem to evolve competitively, with no need to guess a ‘winner’ among coin providers.