[Music] [Applause]
[Applause]
[Applause] so what’s not to love about capitalism
so what’s not to love about capitalism
so what’s not to love about capitalism it’s created enormous wealth brought
it’s created enormous wealth brought
it’s created enormous wealth brought whole countries to prosperity and
whole countries to prosperity and
whole countries to prosperity and delivered millions from poverty but what
delivered millions from poverty but what
delivered millions from poverty but what our economy values highest these days is
our economy values highest these days is
our economy values highest these days is oil gas diamonds lithium and so on all
oil gas diamonds lithium and so on all
oil gas diamonds lithium and so on all extracted an enormous environmental cost
extracted an enormous environmental cost
extracted an enormous environmental cost currently our economy is waging war on
currently our economy is waging war on
currently our economy is waging war on our environment so as we search for
our environment so as we search for
our environment so as we search for sustainability looking for ideas that
sustainability looking for ideas that
sustainability looking for ideas that will help us balance the needs of the
will help us balance the needs of the
will help us balance the needs of the environment and the economy shouldn’t we
environment and the economy shouldn’t we
environment and the economy shouldn’t we first ask ourselves what on planet earth
first ask ourselves what on planet earth
first ask ourselves what on planet earth is most valuable to humans I’d argue
is most valuable to humans I’d argue
is most valuable to humans I’d argue it’s air without it we’d all be dead by
it’s air without it we’d all be dead by
it’s air without it we’d all be dead by the time this little TED talk is over
the time this little TED talk is over
the time this little TED talk is over now the good news is air and the
now the good news is air and the
now the good news is air and the atmosphere are very valuable to Planet
atmosphere are very valuable to Planet
atmosphere are very valuable to Planet Earth – meaning that we would create
Earth – meaning that we would create
Earth – meaning that we would create alignment with our environment if we
alignment with our environment if we
alignment with our environment if we chose to make air the most valuable
chose to make air the most valuable
chose to make air the most valuable element in our economy now creating an
element in our economy now creating an
element in our economy now creating an economy around fresh air isn’t actually
economy around fresh air isn’t actually
economy around fresh air isn’t actually as complicated as it sounds trees make
as complicated as it sounds trees make
as complicated as it sounds trees make air they also clean it of pollutants and
air they also clean it of pollutants and
air they also clean it of pollutants and so by extension trees would become the
so by extension trees would become the
so by extension trees would become the most valuable commodity within this
most valuable commodity within this
most valuable commodity within this economy ok so they’re valuable but how
economy ok so they’re valuable but how
economy ok so they’re valuable but how do you integrate them into the existing
do you integrate them into the existing
do you integrate them into the existing global financial system it’s not as
global financial system it’s not as
global financial system it’s not as though you can trade a forest on the new
though you can trade a forest on the new
though you can trade a forest on the new york stock exchange
york stock exchange
york stock exchange no but debt is fully integrated into the
no but debt is fully integrated into the
no but debt is fully integrated into the global financial system it is very well
global financial system it is very well
global financial system it is very well established
established
established it pays interest its traded in every
it pays interest its traded in every
it pays interest its traded in every stock market and bank on the planet and
stock market and bank on the planet and
stock market and bank on the planet and we’ve got boatloads of it a hundred and
we’ve got boatloads of it a hundred and
we’ve got boatloads of it a hundred and fifty two trillion dollars to be precise
fifty two trillion dollars to be precise
fifty two trillion dollars to be precise so simply by equating the amount of
so simply by equating the amount of
so simply by equating the amount of trees that we have with the amount of
trees that we have with the amount of
trees that we have with the amount of debt that we have we would value all of
debt that we have we would value all of
debt that we have we would value all of the forests on planet Earth
the forests on planet Earth
the forests on planet Earth at a hundred and fifty two trillion
at a hundred and fifty two trillion
at a hundred and fifty two trillion dollars and this is where the idea
dollars and this is where the idea
dollars and this is where the idea starts to kick into high gear so mr.
starts to kick into high gear so mr.
starts to kick into high gear so mr. president you would like to reduce
president you would like to reduce
president you would like to reduce national debt plant trees and lots of
national debt plant trees and lots of
national debt plant trees and lots of them don’t believe me it’s that simple
them don’t believe me it’s that simple
them don’t believe me it’s that simple we’ll try this I calculated that if
we’ll try this I calculated that if
we’ll try this I calculated that if trees do equal debt then the Amazonian
trees do equal debt then the Amazonian
trees do equal debt then the Amazonian rainforest would turn Brazil’s 760
rainforest would turn Brazil’s 760
rainforest would turn Brazil’s 760 billion dollar national debt into a
billion dollar national debt into a
billion dollar national debt into a thirteen trillion dollar surplus
thirteen trillion dollar surplus
thirteen trillion dollar surplus overnight we would put the logging
overnight we would put the logging
overnight we would put the logging operations around the globe into reverse
operations around the globe into reverse
operations around the globe into reverse gear by creating a new financial model
gear by creating a new financial model
gear by creating a new financial model but simultaneously boosts national
but simultaneously boosts national
but simultaneously boosts national economies at the same time as removing
economies at the same time as removing
economies at the same time as removing carbon from the air all right so you’re
carbon from the air all right so you’re
carbon from the air all right so you’re thinking hmm cute idea but you can’t go
thinking hmm cute idea but you can’t go
thinking hmm cute idea but you can’t go change in the global monetary system yes
change in the global monetary system yes
change in the global monetary system yes you can
you can
you can we’ve done it before have you ever heard
we’ve done it before have you ever heard
we’ve done it before have you ever heard of the gold standard in the 1930s we
of the gold standard in the 1930s we
of the gold standard in the 1930s we changed the global monetary system no
changed the global monetary system no
changed the global monetary system no longer using the value of gold and
longer using the value of gold and
longer using the value of gold and instead we invented a new one could fiat
instead we invented a new one could fiat
instead we invented a new one could fiat money in part using regulations and
money in part using regulations and
money in part using regulations and ideas created here in Basel so if we can
ideas created here in Basel so if we can
ideas created here in Basel so if we can change the global monetary system
change the global monetary system
change the global monetary system shouldn’t we first give consideration to
shouldn’t we first give consideration to
shouldn’t we first give consideration to ideas capable of balancing the needs of
ideas capable of balancing the needs of
ideas capable of balancing the needs of the environment and the economy and if
the environment and the economy and if
the environment and the economy and if we do that then maybe just maybe we’ll
we do that then maybe just maybe we’ll
we do that then maybe just maybe we’ll all start to see that money does grow
all start to see that money does grow
all start to see that money does grow on trees thank you very much
on trees thank you very much
on trees thank you very much [Applause]
”
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