NSG Senate Chamber [NSG Senate]

[Yanalia]

I just realized I forgot to specify crime levels(derelict/felony,etc) in the RCA. Any suggestions for those?

[Ainin]

Don't worry, I will. We need a central bank to regulate currency, as without it things get messy fast. Andorra, Monaco, and Vatican City are the only countries without central banks. Do we want to join that list of miniscule, powerless nations?

Those nations are powerless because they are small, not because they refuse economic tyranny. Other nations that only recently started central banking were in the Nordic area, and we all know how you leftists love to reference them.

Because those countries are great examples of high HDI, great standards, and quality, of life, have stable economies, etc.

[The Nihilistic view]

No, government will still be able to issue its own currency so there will be no barter. Government will not be allowed, however, to restrict interest rates on privately issued credit. The currency will be sound, as it will be backed by something of worth: bullion. There is a very informative video on our website about the dangers of central banking, if anyone would like to watch.

Bullion fluctuates rapidly and requires aggressive mercantilistic policies to maintain enough to keep the currency stable, thus trade wars and rapidly fluctuating currencies.

Not to mention the world economy is worth several hundred times more than the total value of all bullion thus far mined.

[Belmaria]

Bullion fluctuates rapidly and requires aggressive mercantilistic policies to maintain enough to keep the currency stable, thus trade wars and rapidly fluctuating currencies.

Not to mention the world economy is worth several hundred times more than the total value of all bullion thus far mined.

As demand for bullion increases, so will its value.

[Mediciano]

Not to mention the world economy is worth several hundred times more than the total value of all bullion thus far mined.

As demand for bullion increases, so will its value.

Or value will drop taking our economy with it. Bullion is extremely limiting, as our value can never exceed the yellow stuff we own. And, as a small European nation and former British colony, I doubt we have very much gold. Unless you intend on spending billions to buy it?

[Belmaria]

As demand for bullion increases, so will its value.

Or value will drop taking our economy with it. Bullion is extremely limiting, as our value can never exceed the yellow stuff we own. And, as a small European nation and former British colony, I doubt we have very much gold. Unless you intend on spending billions to buy it?

I have already covered that weeks ago. I have roughly $250 million worth that I can donate to get us started, and others have pledged to do the same with their bullion.

[Distruzio]

As demand for bullion increases, so will its value.

Or value will drop taking our economy with it. Bullion is extremely limiting, as our value can never exceed the yellow stuff we own. And, as a small European nation and former British colony, I doubt we have very much gold. Unless you intend on spending billions to buy it?

Or enacting trade policies to attract it.

[Oneracon]

As demand for bullion increases, so will its value.

Or value will drop taking our economy with it. Bullion is extremely limiting, as our value can never exceed the yellow stuff we own. And, as a small European nation and former British colony, I doubt we have very much gold. Unless you intend on spending billions to buy it?

Admittedly "billions in bullion" is pleasing to say, but not pleasing in action.

[The Nihilistic view]

Or value will drop taking our economy with it. Bullion is extremely limiting, as our value can never exceed the yellow stuff we own. And, as a small European nation and former British colony, I doubt we have very much gold. Unless you intend on spending billions to buy it?

I have already covered that weeks ago. I have roughly $250 million worth that I can donate to get us started, and others have pledged to do the same with their bullion.

Wow, Do you know how much as a % $250mil is of our GDP?

[Mediciano]

Or value will drop taking our economy with it. Bullion is extremely limiting, as our value can never exceed the yellow stuff we own. And, as a small European nation and former British colony, I doubt we have very much gold. Unless you intend on spending billions to buy it?

I have already covered that weeks ago. I have roughly $250 million worth that I can donate to get us started, and others have pledged to do the same with their bullion.

195,008 oz of gold? I'm unimpressed. And the economy can't float on private funds. We need a central bank to regulate currency, just like every other major (and nearly every minor) nation on Earth.

[Belmaria]

I have already covered that weeks ago. I have roughly $250 million worth that I can donate to get us started, and others have pledged to do the same with their bullion.

Wow, Do you know how much as a % $250mil is of our GDP?

I am not the only donor, although I don't have the complete list with me, I know that at least a billion dollars has been pledged. And as the previous senator mentioned, we can enact trade policy that attracts bullion to our nation.

EDIT: This is just an initial investment for a long term system of strong currency

[The Nihilistic view]

Wow, Do you know how much as a % $250mil is of our GDP?

I am not the only donor, although I don't have the complete list with me, I know that at least a billion dollars has been pledged. And as the previous senator mentioned, we can enact trade policy that attracts bullion to our nation.

Wow, Do you know how much as a % $1bil is of our GDP?

[Rumostan]

So this is how the nation loses all credibility in the markets, I didn't think, that I would be here to see it.

[Mediciano]

1 Billion$ = 780,031 oz of gold. I'm unimpressed, still.

[Belmaria]

I am not the only donor, although I don't have the complete list with me, I know that at least a billion dollars has been pledged. And as the previous senator mentioned, we can enact trade policy that attracts bullion to our nation.

Wow, Do you know how much as a % $1bil is of our GDP?

As I said before, this is just an initial investment. We can enact trade policy to strengthen our bullion supply.

[The Grand Republic of Hannover]

What is this economic plan everyone is talking about?

[Belmaria]

What is this economic plan everyone is talking about?

viewtopic.php?f=25&t=239509&p=14690623#p14690623

[Mediciano]

For reference, France has 2,435.4 tonnes of gold, Italy has 2,451.8, the Netherlands have 612.5, and we, with our billion dollar investment (ooh, ahh), will have 22.1.

22.1 tonnes of gold does not an economy make. That puts us on par with Afghanistan.

[Belmaria]

For reference, France has 2,435.4 tonnes of gold, Italy has 2,451.8, the Netherlands have 612.5, and we, with our billion dollar investment (ooh, ahh), will have 22.1.

22.1 tonnes of gold does not an economy make.

As I have said many times, this is just an initial investment. This will not be our entire supply of bullion. Other sources can later be added, and trade policy can be enacted to attract bullion to our nation.

[The Nihilistic view]

Wow, Do you know how much as a % $1bil is of our GDP?

As I said before, this is just an initial investment. We can enact trade policy to strengthen our bullion supply.

Ah, isolation. That will work well in a globalized economy.

[Mediciano]

For reference, France has 2,435.4 tonnes of gold, Italy has 2,451.8, the Netherlands have 612.5, and we, with our billion dollar investment (ooh, ahh), will have 22.1.

22.1 tonnes of gold does not an economy make.

As I have said many times, this is just an initial investment. This will not be our entire supply of bullion. Other sources can later be added, and trade policy can be enacted to attract bullion to our nation.

From who? China won't sell, Russia doesn't sell its gold. Are you going to buy from America? What makes you think they would sell to a small island nation still on the gold standard without a central bank? For that matter, who would? Or are you, senator, planning on buying up all the jewelry stores? It's probably less ludicrous than your ideas on economics.

[Belmaria]

As I said before, this is just an initial investment. We can enact trade policy to strengthen our bullion supply.

Ah, isolation. That will work well in a globalized economy.

Isolation? How so senator?

[Rumostan]

For reference, France has 2,435.4 tonnes of gold, Italy has 2,451.8, the Netherlands have 612.5, and we, with our billion dollar investment (ooh, ahh), will have 22.1.

22.1 tonnes of gold does not an economy make.

As I have said many times, this is just an initial investment. This will not be our entire supply of bullion. Other sources can later be added, and trade policy can be enacted to attract bullion to our nation.

It will not work, we need a currency, why do you think that no country relies on the gold standard today?

[Belmaria]

As I have said many times, this is just an initial investment. This will not be our entire supply of bullion. Other sources can later be added, and trade policy can be enacted to attract bullion to our nation.

From who? China won't sell, Russia doesn't sell its gold. Are you going to buy from America? What makes you think they would sell to a small island nation still on the gold standard without a central bank? For that matter, who would? Or are you, senator, planning on buying up all the jewelry stores? It's probably less ludicrous than your ideas on economics.

I have attended talks with the leaders of Belgium, Japan, and Canada. They have all agreed to participate so long as free trade agreements can be made with them.

[Rumostan]

From who? China won't sell, Russia doesn't sell its gold. Are you going to buy from America? What makes you think they would sell to a small island nation still on the gold standard without a central bank? For that matter, who would? Or are you, senator, planning on buying up all the jewelry stores? It's probably less ludicrous than your ideas on economics.

I have attended talks with the leaders of Belgium, Japan, and Canada. They have all agreed to participate so long as free trade agreements can be made with them.