NSG Senate Chamber [NSG Senate]

[The Nihilistic view]

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

Isolation? How so senator?

Trade policy (AKA Trade wars and protectionism).

[Oneracon]

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.

Given Canada's affinity for a very safe financial policies, such as in the banking sector through strong regulation and central banking, I find it unlikely that would occur.

[Belmaria]

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.

Given Canada's affinity for a very safe financial policies, such as in the banking sector through strong regulation and central banking, I find it unlikely that would occur.

Granted, they have not agreed to sell very much to us, around $100 million (Canadian) but we are still working to find other sources, both public and private. And any senator who wishes to donate to our supply is free to do so.

[The Nihilistic view]

Given Canada's affinity for a very safe financial policies, such as in the banking sector through strong regulation and central banking, I find it unlikely that would occur.

Granted, they have not agreed to sell very much to us, around $100 million (Canadian) but we are still working to find other sources, both public and private. And any senator who wishes to donate to our supply is free to do so.

Guess how much gold we need?

[Mediciano]

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.

Gold prices in Japan are rising, 10% of Belgium's gold is on loan to bullion banks (aka they won't sell any, despite your imaginary talks), and Canadian gold will soon be in government hands and sold as scrap gold (aka subject to tax.)

[The Realm of God]

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.

22.1 tonnes of bullion and we need that to be rationed in paper notes for an economy we can go two ways.

1) Paper money is almost worthless, people plaster their walls with it, businesses go under,bank savings become worthless thus people starve.

2) Paper Money is valuable, there is not enough paper money, businesses go under, barter becomes dominant system.


Or three we can go for a Fiat Currency and peg it to the Euro or Pound. Just like the majority of the world.

[Belmaria]

Granted, they have not agreed to sell very much to us, around $100 million (Canadian) but we are still working to find other sources, both public and private. And any senator who wishes to donate to our supply is free to do so.

Guess how much gold we need?

How mush do we need?

[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.

22.1 tonnes of bullion and we need that to be rationed in paper notes for an economy we can go two ways.

1) Paper money is almost worthless, people plaster their walls with it, businesses go under,bank savings become worthless thus people starve.

2) Paper Money is valuable, there is not enough paper money, businesses go under, barter becomes dominant system.


Or three we can go for a Fiat Currency and peg it to the Euro or Pound. Just like the majority of the world.

And just like the majority of the world we will be subject to artificially low interest rates due to central banking, and mal-investment will be inevitable.

[Mediciano]

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.

Gold prices in Japan are rising, 10% of Belgium's gold is on loan to bullion banks (aka they won't sell any, despite your imaginary talks), and Canadian gold will soon be in government hands and sold as scrap gold (aka subject to tax.) Plus, you are a senator and not a representative of this nation to foreign bodies. Where did you get so uppity as to think you could negotiate on behalf of Aurentina?

[The Nihilistic view]

Guess how much gold we need?

How mush do we need?

£2.4 trillions worth.

[Oneracon]

22.1 tonnes of bullion and we need that to be rationed in paper notes for an economy we can go two ways.

1) Paper money is almost worthless, people plaster their walls with it, businesses go under,bank savings become worthless thus people starve.

2) Paper Money is valuable, there is not enough paper money, businesses go under, barter becomes dominant system.


Or three we can go for a Fiat Currency and peg it to the Euro or Pound. Just like the majority of the world.

And just like the majority of the world we will be subject to artificially low interest rates due to central banking, and mal-investment will be inevitable.

Better than destroying our domestic economy and killing Aurentine businesses.

[The Realm of God]

Isolation? How so senator?

Trade policy (AKA Trade wars and protectionism).

Put it this way if we adopted Bullionism we would need a huge Navy and Air Force.

[The Nihilistic view]

Trade policy (AKA Trade wars and protectionism).

Put it this way if we adopted Bullionism we would need a huge Navy and Air Force.

Make you wonder why the republicans don't go for this system.

[Mediciano]

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.

Gold prices in Japan are rising, 10% of Belgium's gold is on loan to bullion banks (aka they won't sell any, despite your imaginary talks), and Canadian gold will soon be in government hands and sold as scrap gold (aka subject to tax.) Plus, you are a senator and not a representative of this nation to foreign bodies. Where did you get so uppity as to think you could negotiate on behalf of Aurentina?

Senator, please respond to this. Clearly, these places are not viable options (and you had no authority to negotiate with them) so where is the gold supposed to come from?

[Belmaria]

And just like the majority of the world we will be subject to artificially low interest rates due to central banking, and mal-investment will be inevitable.

Better than destroying our domestic economy and killing Aurentine businesses.

But we will end up destroying our economy through central banking as well. This will lead to the slow but steady depreciation of our currency's worth. Any economic system has issues, but bullion has long term stability over the Fiat system.

[Belmaria]

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.

Gold prices in Japan are rising, 10% of Belgium's gold is on loan to bullion banks (aka they won't sell any, despite your imaginary talks), and Canadian gold will soon be in government hands and sold as scrap gold (aka subject to tax.) Plus, you are a senator and not a representative of this nation to foreign bodies. Where did you get so uppity as to think you could negotiate on behalf of Aurentina?

OOC: Alright fine, I don't know what I was thinking. Strike that from the record.

[Mediciano]

Better than destroying our domestic economy and killing Aurentine businesses.

But we will end up destroying our economy through central banking as well. This will lead to the slow but steady depreciation of our currency's worth. Any economic system has issues, but bullion has long term stability over the Fiat system.

It used to have long term stability. Unfortunately, the recent economic crisis has disillusioned anybody even remotely knowledgeable about economics as to the stability of gold.

[Yanalia]

Can I get suggestions on crime levels for the RCA?

[Belmaria]

But we will end up destroying our economy through central banking as well. This will lead to the slow but steady depreciation of our currency's worth. Any economic system has issues, but bullion has long term stability over the Fiat system.

It used to have long term stability. Unfortunately, the recent economic crisis has disillusioned anybody even remotely knowledgeable about economics as to the stability of gold.

The recent economic crisis? You mean the one caused by mal-investments from artificially low interest rates? Even if what you're saying was the case, which it isn't, having a system backed by solid bullion is much better than a system backed by debt.

[Unicario]

International gold prices are slumping. And how can one Senator speak for a whole nation? I don't think the majority of the Senate wants to go to the gold bullion.

As for the "trade agreements", the man who started them, Belmaria is not a representative of Aurentina internationally. That job is the Foreign Minister's and all of his employees.

[Belmaria]

International gold prices are collapsing. And how can one Senator speak for a whole nation? I don't think the majority of the Senate wants to go to the gold bullion.

Collapsing? They are higher now than they have been for the past 200 years! And the value will only skyrocket once we substantially increase the demand for it.

[Unicario]

International gold prices are collapsing. And how can one Senator speak for a whole nation? I don't think the majority of the Senate wants to go to the gold bullion.

Collapsing? They are higher now than they have been for the past 200 years! And the value will only skyrocket once we substantially increase the demand for it.

Moving to the bullion and outlawing central banking will lead this nation to ruin.

[Belmaria]

Collapsing? They are higher now than they have been for the past 200 years! And the value will only skyrocket once we substantially increase the demand for it.

Moving to the bullion and outlawing central banking will lead this nation to ruin.

How so?

[Unicario]

Moving to the bullion and outlawing central banking will lead this nation to ruin.

How so?

Because if we give all of the power of the economy to private financiers, we will end up in a situation no different than the United States, who suffers from nearly-crippling international debt and massive economic mood swings.

Allowing for central banking in the hands of the government, it can quell the most severe economic downturns, just look at nations that /do/ have central banking.

And if you look at the gold standard change over the last 3 years,

You'll see that the gold standard is very unstable.

[Mediciano]

International gold prices are collapsing. And how can one Senator speak for a whole nation? I don't think the majority of the Senate wants to go to the gold bullion.

Collapsing? They are higher now than they have been for the past 200 years! And the value will only skyrocket once we substantially increase the demand for it.

In number of dollars, yes. But the dollar isn't worth as much as it used to be, so gold value is actually in decline even though the "numerical monetary value" is increasing.