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Yohannesian government intervention in the currency market

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Yohannes
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Yohannesian government intervention in the currency market

Postby Yohannes » Thu Oct 11, 2018 10:23 pm



    Image

    The embassies of foreign governments in Yohannes
    On behalf of their respective governments
    12 October 2018



    Dear Honourable Ambassadors,

    Government update — intervention in the currency market

    The purpose of this letter is to inform you that from January 2019 to October 2039, Yohannesian monetary authorities will intervene in the foreign exchange market to stabilise the value of the national currency of the Realm of Yohannes. The Quertz russling was originally set up to serve as (1) invoice currency, (2) investment currency, and (3) reserve currency outside the Realm of Yohannes for the Executive Council of the nation (i.e. the government). Since the disastrous financial crisis which was kick-started by the World Assembly condemnation of Automagfreek in 2012, the Quertz russling has failed to fulfill its third role. Accordingly, over the next 359 days, the Government of Yohannes will slowly but surely intervene in the currency market to attain this last goal of the currency.

    For transparency purposes, we have hereby made public our intent. To return the Quertz russling to what we believe should be its fair value against the currencies of our friends and trading allies, the Government of Yohannes will slowly release 539.3 trillion Quertz russling over the next twenty-four month period. The Government of Yohannes has forecast that, ceteris paribus, its intervention will result in the expansion of existing monetary base by 231.1 trillion Quertz russling. Over the next 20 years, the Government of Yohannes will try to continue to sell the Quertz russling for appreciating NationStates Dollars until the time that the exchange rate of the depreciating Quertz russling against our trade partners and World Assembly member states will reflect its true, weaker value.


    Yours faithfully,


    ANNABELLE

    Rt Hon Annabelle Thorndon-Stevensonn
    Chancellor of the Nineteen Countries



Telephone 585 3 712 3421Facsimile 585 3 712 3121Email a.thorndonstevensonn@ministers.govt.yo
Private Bag 15170, Parliament House Buildings, Royal Alexandria 3510, Kingdom of Alexandria, The Yohannesian Realm.

Last edited by Yohannes on Thu Oct 11, 2018 10:39 pm, edited 1 time in total.
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Yohannes
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Re: Yohannes’ government intervention in the currency market

Postby Yohannes » Fri Oct 12, 2018 1:06 am



Biennially every December, the “Great Panjandrums” devoted themselves inside the beltway like birds, beasts an’ fishes which hold the sway, slinking into the orchard for their feast. How frail and thin, our link with money with all the bubbling emotion behind their sweet allure, the beauty and glow of their colour, riches, their snug cornucopia of pleasures. Now Gretel Dörflinger of Halsten University sings, “When the Quertz russling Sang...”



Where were you when the Quertz sang?

Up behind Misery Valley where we used to hang

On the seven deadly vines under the Wuthering Heights and hear

From the dark red valleys: Lust, sad and sweet and

clear.


And we heard when the Great Panjandrum Himself rang again and again,

A hundred echoing whistles from the spreading Greed

Bound for Pride, blow blow blow from

Envy:

And the Quertz sang: as it did a hundred years ago.


It trilled clear when the mortgages and miseries

Cut through the young family’s heart and a thousand dreams

Bled as man showed his disdain for their bleeding:

And the Quertz sang: unheeded and mourning and

pleading.


And it sang when Wrath tore out the guts of the indebted

From the old mine of Gluttony: they are dammed up there still

Hung and dead, ready to spill when International Incidents start to

shake

And the Quertz calls for Sloth: and the dam starts to

break.


Will you care when the dam takes its slides and the river

No longer the giver of life, its waters the colour of liver

Writhes with throes of the thousand damned

And the Quertz echoes shrill through the Acedia: our own

death wish.



During the four months of select committee submission “process”, the Realm of fiords and mountain’s elite ingratiate itself with the political beehive. Mornings were for bending the knee to Parliament or to the Realm Chancellery for the most daring. Evenings were for the men and their wives to dance to the Quertz russling’s tune — dinner parties and operas reserved only for the ten per cent to let the politicians know of their opinions on the state of the economy.

During the four months the select committee would receive submissions from the ninety per cent too. They would read our letters. But for all the grand promise, for all the working group, for all the smiling face of the local Electoral Member, a lifting of the heart, a terrifying formidable hope that something might be real, it became, and remains, “The birds, beasts an’ fishes which hold the sway.”

And, of course, Gretel, with the tapped curiosity of youth, reads the latest update on the Quertz into this chapter...



The Realm of YohannesDas Yohannesische Reich
Government Archive Act | Reichstag Parliamentary Debates | Tales from Yohannes | The Financial Diary
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New Aeyariss
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Postby New Aeyariss » Fri Oct 12, 2018 3:41 am

Image
YOHANNESI GOVERNMENT TO INTERVENE IN CURRENCY MARKET!
Murakami-sama: "There may be problematic times coming!!!"


Image




Royal Alexandria - today an official notice from Office of the Chancellor of the Nineteen Counties has been proclaimed, informing the international community that the government of Yohannes is planning to openly intervene in the currency market in order to stabilize the situation of the Yohanessi Quertz. According to the financial analysts, Querz has been loosing it's value ever since the infamos 2012 Ghothic financial crisis had hit the international market. This statement prompted a response from Akira - san, the current Prime Minister and the Shogun's right hand man, about the situation of the international economy.

Appearing on Tachibanaa TV at 11.00 o'clock this morning, Murakami-sama had expressed enormous concern about stability of international economy and threats the instability may pose to the economy of the Empire of Greater Nifon. While the chief worry expressed by the Prime Minister were rising oil prices caused by current turmoil in Bashriyya and the wider Middle East (which have already caused a slight recession in the Empire of Greater Nifon ) as well as manipulation of the international market by malicious non-state actors seeking personal profit, a certain part of his speech had been dedicated to situation in the Yohannes.

The Prime Minister made it clearly visible that both he, Kojiro-sama and Her Augustness view the current government of Yohannes led by Marion Maréchal-Le Men-sama in favorable light and that they do admire the steps that the Yohannesi government took to ensure economic stability of a major commercial partner of the Nifonese Empire. Murakami-san stressed those ties and announced his will for continued cooperation in the economic sphere.

Other voices are coming from the Nifonese financial market. The Ryo had already underwent appreciated upon the declaration. Meanwhile multiple Nifonese investors, including Oda Koizumi who was recently elected the Chairman of Tachibana Zaibatsu, announced that this was a positive sign that they are ready to use the increased purchasing power of the Ryo to stage new investments on Yohannesi Market.

Shiba Rei, on behalf of Iroha Daily.
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Redshield Foundation
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Postby Redshield Foundation » Fri Oct 12, 2018 4:28 am

Banking Insider

Image



Abraxas Fund buys Yohanessi Quertz





Recently after reports of Government intervention to stabilize the Yohannes Querts, Currency speculator Sir. Gregory Redshield is reported to have bet 4 billion against the Yohannes Querts. His powerful hedge fund known as the Abraxas Fund has been bought 2 Billion worth of Quertz from banks in the Federated Republic of Europe and has been converting it to the reserve currency.

Not much is known as of now, but the Redshields could be one of many speculators involved in the attempts to devalue the currency of Yohannes. Sir. Gregory Redshield has been successful at breaking and owning entire banking systems, two example being the successful takedowns of Bigtopia and Maxtopia. Where Redshield pocketed 20 Billion dollars from the ordeal.

Redshield also had help by using his political connections to overturn the economies of both Bigtopia and Maxtopia buying both state's central banks, and increasing the historical Redshield fortune by billions.

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Caracasus
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Left-wing Utopia

Postby Caracasus » Fri Oct 12, 2018 4:39 am

"So why does this matter? Forgive me here, but what I'm seeing - and what most Caracasusians are seeing here is simply yet another capitalist, free market economy on the verge of collapse as its internal contradictions surface. I'm sure our audience here has the utmost respect for the work your committee does to keep trade flowing between Caracasus and the rest of the world, but exactly why should our communes throw their support behind measures that undermine and contradict our own nation's economic models? If you'll excuse me for being blunt, why should I care if I can't have Yohannesian imported grapefruit for breakfast?"

The analyst blinked slightly in the artificial light. Behind her and the host, a holoscreen displayed a range of soothing, abstract images. Almost hypnotic, they moved about like Mandelbrot sets; as soon as it appeared there was an order to the pattern, it disintegrated, collapsed in on itself. All would be chaos for another few seconds before yet more patterns would emerge. She wondered exactly why it had been chosen. Surely it would be harder for the audience to focus on the discussion? Surely even the matte white wall of the studio would be a better backdrop?

"That's uh, that's quite blunt and frankly not entirely representative of the projected effects of these measures. I'm afraid that a potential collapse in the Quertz would have far reaching effects across the globe. I'm afraid it's not just your breakfast at threat here, it's potentially much wider in scope than that."

She sipped water. The interviewer at least had the decency to allow her time to collect her thoughts before she began again. She was on firmer ground here. Knowingly or not, he'd fed her a line that worked perfectly with the notes she had prepared.

"Sixty, even seventy years ago we had no real need to trouble ourselves with the economic fortunes or misfortunes of our less... our differently aligned trading partners. A tractor assembled in Caracasus would contain perhaps sixty parts from three countries. Now though? A modern Caracaususian harvester may contain anywhere up to two thousand components sourced from sixty to eighty countries alone. Virtual Intelligence interface programmed by Boani engineers, milled steel from Cedoria, electronic circuitry from Balagan... most of it bought to Quoris via Yohannesian transporters. We are no longer in a position where we can safely trade with our more ideologically similar allies and ignore the rest of the world. Yohannesian problems become our problems, and vice versa."

"But still, as close as relations between Caracasus and Yohennes are, there's no denying their economic models are incompatible with ours and frankly, at a very fundamental level - at odds with our own. Your plan... it supports the economy of Yohannes at the expense of some of our oldest allies."

She sighed. It was never going to be a popular proposition, though this angle of attack at least she had prepared for.

"Yohannes may be a capitalist power, yes - there is no denying that. However, Yohannes has not intervened militarily or economically in our affairs or indeed our international affairs. Out of all capitalist powers utilizing the Hypothetical zone, Yohannes controls by far the largest in terms of sheer tonnage and economic value. Should Yohannes falter and fail, the effects will be felt across our own industries. Everything from agricultural machinery to war planes will feel the burden. You may not like it, your audience may not like it but in this age we are interconnected with a wide range of global and regional powers on a fundamental level. Our committee's proposal is very modest and very straightforward. We increase expenditure and imports from Yohannesian firms and companies into the Hypothetical zone. Are we supporting a capitalist economy? We are. What we are also doing is protecting Caracasusian communes and ensuring a degree of international stability. We have supported far worse powers for far more trivial reasons."
As an editor I seam to spend an awful lot of thyme going threw issues and checking that they're no oblivious errars. Its a tough job but someone's got too do it!



Issues editor, not a moderator.

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Yohannes
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Civil Rights Lovefest

Re: New Aeyariss/Greater Nifon

Postby Yohannes » Fri Oct 12, 2018 6:55 pm

New Aeyariss wrote:
YOHANNESI GOVERNMENT TO INTERVENE IN CURRENCY MARKET!
Murakami-sama: "There may be problematic times coming!!!"




Royal Alexandria - today an official notice from Office of the Chancellor of the Nineteen Counties has been proclaimed, informing the international community that the government of Yohannes is planning to openly intervene in the currency market in order to stabilize the situation of the Yohanessi Quertz. According to the financial analysts, Querz has been loosing it's value ever since the infamos 2012 Ghothic financial crisis had hit the international market. This statement prompted a response from Akira - san, the current Prime Minister and the Shogun's right hand man, about the situation of the international economy.

Appearing on Tachibanaa TV at 11.00 o'clock this morning, Murakami-sama had expressed enormous concern about stability of international economy and threats the instability may pose to the economy of the Empire of Greater Nifon. While the chief worry expressed by the Prime Minister were rising oil prices caused by current turmoil in Bashriyya and the wider Middle East (which have already caused a slight recession in the Empire of Greater Nifon ) as well as manipulation of the international market by malicious non-state actors seeking personal profit, a certain part of his speech had been dedicated to situation in the Yohannes.

The Prime Minister made it clearly visible that both he, Kojiro-sama and Her Augustness view the current government of Yohannes led by Marion Maréchal-Le Men-sama in favorable light and that they do admire the steps that the Yohannesi government took to ensure economic stability of a major commercial partner of the Nifonese Empire. Murakami-san stressed those ties and announced his will for continued cooperation in the economic sphere.

Other voices are coming from the Nifonese financial market. The Ryo had already underwent appreciated upon the declaration. Meanwhile multiple Nifonese investors, including Oda Koizumi who was recently elected the Chairman of Tachibana Zaibatsu, announced that this was a positive sign that they are ready to use the increased purchasing power of the Ryo to stage new investments on Yohannesi Market.

Shiba Rei, on behalf of Iroha Daily.




Image


World Assembly: Go-ahead for Economic Palace to intervene in currency market



    Image
    Claudia A — Opinion Piece Author: ...... The announcement, which proved that speculation about monetary stimulus by the Economic Palace was right all along, has also been accompanied by a sudden increase in the number of gold reserve transactions by various Yohannesian funds..........


    Royal Alexandria, 13 October 2018 — In response to the prospect of a continually rising Quertz russling in 2019, the Thirty-sixth Christian Democratic Executive Council has confirmed this morning that it will intervene in currency markets to weaken the Quertz rusling for the first time since the Financial Crisis of 2012. The many International Incidents perpetrated by such expanding imperialist powers as Bashriyya, Greater Nifon, Inyursta, and Khataiy have resulted in the strengthening of the Quertz against certain major currencies.

    The Right Honourable Marion Maréchal-Le Men, President of the Electoral College and the Yohannesian Emperor, told current affairs programme The Nations this morning, “... that when times are tough, investors flock to the Quertz because it is the national currency of a government with reputable economic administration and proven worldbuilding track record. However, a much stronger Quertz is not good for our international trade-led economy. Yohannes is not that strong, actually — we are growing weaker, economically and militarily. In comparison to fast growing powers from powerful organisations such as the International Freedom Coalition and Santiago Anti-Communist Treaty Organisation, we are becoming comparatively weaker by the day.”

    The 18th Yohannesian Emperor concluded, “I was voted into office with the promise that I will try to limit the encroaching and destabilising negative effects of internationalisation and deindustrialisation caused by Israeli banking conspiracy and unfettered non-Occidental open border, illegal immigration organised by radical extremists and religious terrorism. I want to protect my people. I want to protect the future of my two beautiful daughters, who will one day grow to become strong, empowered citizens just like their Yohannesian mother and African Yohannesian father.”

    “I know the Great Nifonese Shogun will agree with me. I want to do the same for the sons and daughters of the Yohannesian nation — so that this beautiful Realm can and will last for a thousand years. I want to protect our people. I know that the Great Nifonese Shogun Kojiro and His Excellency the Great Nifonese Prime Minister Murakami Akira want to do the same for Great Nifon. They want to protect their people too, in the exact same way we want to protect ours.”

    There are rumours that some Ambassadors and foreign dignitaries would take this news badly — especially those who represent the many organisations of the World Assembly. The Nineteen Countries Union of International Students’ Association (NCUISA) has protested against this latest “nationalist move” by “civic nationalist” Marion Maréchal-Le Men. Ms Duan Zhihao, NCUISA President, told The Royal Alexandria Times this morning, “... that this is totally WA illegal. I mean, seriously, c’mon people? ‘Yohannesian government intervention in the currency market’? It should be ‘Yohannesian government will use its knowledge to manipulate the currency market’ instead. And they will do so to benefit Yohannesian exporters and their foreign friends… like the Nifonese, or other friendly nations.”

    “This is a disgrace. I know that there’s no way Chancellor Annabelle Thorndon-Stevensonn is behind this whole thing — it must be Marion flexing her political muscles to pressure the Chancellor to go ahead with this totally so crazy move. I can’t wait for the 2018 Realm Parliamentary Election to be over, so we can finally see the end of the GOP’s far-right nuts and the Tea Party supporters running away crying from Yohannes First.”



    Image



    Figure 1: Quertz russling real effective exchange rate. Above 100 indicates overvaluation, whilst below 100 indicates undervaluation vis-à-vis the NationStates Dollar or Universal Standard Dollar.[ source: 115th Realm Parliament ]

    The news has also been badly received by one of the nation’s most well-known advocates for internationalised and cross-border banking. Mr Badruddeen Al-Zakaria, Nusalia and Yohannes Islamic Banking Group Chief Credit Officer, has seen the effects of the announcement already. “Bearish outlook. Even as we speak, the Yohannesian Quertz russling has already weakened as investors start to move to profit from this latest, to be frank with you, really unexpected move by Marion Maréchal-Le Men — I mean, okay, it’s the Chancellor signing the letter, but there’s no way Thorndon-Stevensonn is behind this latest move. Hopefully after the Realm Parliamentary Election 2018, the GOP would lose their paper-thin majority in parliament. Because this is just insane.”

    “What are they going to do next? Make the Realm of Yohannes apply to join SACTO? That would break the balance. This whole thing has been insane right from the start, when they table the ban religious ‘face covering’ Bill because apparently [niqāb] prevents the clear identification of a person, and is thus a security risk and social hindrance.”

    The announcement, which proved that speculation about monetary stimulus by the Economic Palace was right all along, has also been accompanied by a sudden increase in the number of gold reserve transactions by various Yohannesian funds. “We know [the speculation] was right the moment Marion won the election to become the 18th Yohannesian Emperor”, Mr Al-Zakaria said.

    “But I never thought she would go this far.”

    With all the financial knowledge of the government being used to strengthen its latest move, the market has reacted — the Quertz russling has declined by NS0.03c so far since the announcement. And today’s level of NS0.89c may just be the beginning, as Economic Palace Chief Economist Dr Fat’hiyaa el-Rasheed has predicted that the lowest point of the Quertz is still yet to be determined. “The Quertz russling will depreciate against the NationStates Dollar (Universal Standard Dollar), Yohannesian exports will be more competitive overseas, and investment projects or the extent of investment found all around the continent will also increase. The end result will be higher inflation.”

    The Economic Palace has pushed out its forecast for the Quertz to reach NS0.79c by 2020. “If central bankers of imperialist powers the International Incidents over turn more hawkish... then this will allow for the Quertz to gradually depreciate within our sustainability band.”

    Meanwhile, despite the fears of bearish investors, financial pundits have predicted that the effect of intervention “could be” reduced slightly by rebound after the intervention. And with rumours that such powerful quasi-state actors as the Redshield Foundation and Caracasus Board of Industry and Trade have started to exploit this latest International Incidents update by buying into the Quertz russling by the billions, it remains to be seen whether this latest daring move by the maverick GOP poster girl Marion Maréchal-Le Men will be strong enough to influence the long-term effects of the Quertz’s movements.

    Today’s exchange rate: According to the International Securities and Exchange Commission, 1 NationStates Dollar or 1 Universal Standard Dollar (NSD/USD) (World Assembly and International Standard) is enough to buy 112.21 Quertz russling (Yohannesian); that is, a Yohannesian needs to spend at least §112.21 to be able to afford $1 NS.



    Image
    Published by The Royal Alexandria Times




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    Author: Claudia A
    claudia.a@tratimes.co.yo
    @claudiaa

    Claudia A is one of the underpaid interns at The Royal Alexandria Times. She is a Macroeconomics postgraduate student and professional procrastinator in between lectures by day. She has previously attempted green policy analysis and social justice reviews, but was suck at both. These days you can find her in her natural habitat — writing for the Parliamentary Analysis Archive and The Royal Alexandria Times in her leisure time. She can sometimes be found tweeting together with her friends Baxter W, Erica B, Yohannes D & co. at the Maxtopian social networking website NationStates.



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    259 Comments

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    Consumets and Taxpaters

    Marion is a communist and the GOP a pack of civic nationalists after all so no surprises they want to protect the economy and build infrastructure no matter what not even our international reputation they care about. It’s all part of her plan to turn us into a civic communist state.

    Share 2 replies▼ ▲29 I ▼105
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      Yohannes First

      GO back to the Land of the Free with its creaking infrastructure! Trump and the borderless oligarchs called — they want their supporter back!

      Share ▲38 I ▼13

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      ShadesOfGreyDarker

      @Yohannes First One could argue that Marion is no different than Trump and our GOP is no different than the American GOP — it’s just that we have social market economy instead of America’s shareholders first economy

      Share ▲15 I ▼47
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    #notmetoo

    When GOP put the minimum wage up the price of groceries go up.......

    Share ▲10 I ▼39

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    Martin131

    Fuel prices what a wee joke Economic Palace. Alexandria all around well over 175.21 Quertz a litre even in rural far north 161.34 Quertz some one needs to sort this hermione out

    Share ▲70 I ▼31

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Last edited by Yohannes on Fri Oct 12, 2018 7:22 pm, edited 1 time in total.
The Realm of YohannesDas Yohannesische Reich
Government Archive Act | Reichstag Parliamentary Debates | Tales from Yohannes | The Financial Diary
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Yohannes
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Civil Rights Lovefest

Re: Redshield Foundation

Postby Yohannes » Sat Oct 13, 2018 1:00 am

Redshield Foundation wrote:


Abraxas Fund buys Yohanessi Quertz





Recently after reports of Government intervention to stabilize the Yohannes Querts, Currency speculator Sir. Gregory Redshield is reported to have bet 4 billion against the Yohannes Querts. His powerful hedge fund known as the Abraxas Fund has been bought 2 Billion worth of Quertz from banks in the Federated Republic of Europe and has been converting it to the reserve currency.

Not much is known as of now, but the Redshields could be one of many speculators involved in the attempts to devalue the currency of Yohannes. Sir. Gregory Redshield has been successful at breaking and owning entire banking systems, two example being the successful takedowns of Bigtopia and Maxtopia. Where Redshield pocketed 20 Billion dollars from the ordeal.

Redshield also had help by using his political connections to overturn the economies of both Bigtopia and Maxtopia buying both state's central banks, and increasing the historical Redshield fortune by billions.



The moon glistened in the warm evening light, just as Gretel was about to turn off the office light. Today has been a long day. Gretel had not yet got used to staying late alone. She missed the lively air of the central office, the sound of other workers typing and chatting, the disturbance when one of the balding executives got up to admonish the troublemakers — followed, usually, by table banging, a regular occurrence which always entertained her.

Being alone did not bother Gretel at morning time, when she was always busy; but late in the evening, when she had done all her paperwork, she would find it hard to enjoy her time. Instead of clocking out early — it would be a little embarrassing to be leaving so early after a four-hour midday break — she would build up the research materials and read by the moonlight, or kneel down by the bed with her laptop, or just continue the next day’s work.

Gretel had plenty to work on. The Yohannesian Postbank’s public relations was worse than she had anticipated. The main reason probably was that the whole company generated very little returns vis-à-vis its involvement in domestic politics. It owned vast domestic assets, but many assets were involved in the nation’s dairy farming industry, and it had been the second slowest growing industry in Yohannes since 2012 — so many milk share price crashes, so many underwhelming farmgate payout history, so many new health and safety costs. Those assets that were not performing above expectations were run by struggling local farmers, and they never would be able to compete with the multi-million co-operatives. The bank’s other main assets were in foreign exchange brokerage, and from which it received most of its reputation from these days.

The Postbank found itself in a surprising situation yesterday. The Abraxas Fund had piled up Quertz-denominated assets like there was no tomorrow, and as an unsuspecting intern Gretel was in the midst of one of the most risky deals the bank would have had for many, many years. On average since last year, when negotiation with the powerful magnate Sir Gregory Redshield began, the Quertz russling had appreciated from 113.01 Quertz russling trading for the NationStates Dollar to around 104.35 Quertz russling before the deal.

Her job as an intern was to record meeting minutes in relation to the deal. And it was a fun one to watch — the changes were proven to benefit the cunning Redshield Foundation currency speculators the most. The government announced that it would intervene in currency markets to weaken the Quertz rusling for the first time since the Financial Crisis of 2012, and the Redshields laughed all the way to the bank. The depreciating Quertz russling, at 112.21 to the NationStates Dollar, meant that Abraxas Fund’s deal was about seven per cent cheaper than it would have been last year. Rumor had it that Sir Gregory had reaped huge profits from inside trading.

She had learnt her most important lesson of the year. For the merchant, even honesty is a financial speculation.



______________________________________________



Dear Mother,

Today has been a long day. But I have something more scandalous to tell you!

Soon in the Realm of fiords and mountain we will see rising manufacturing export prices, which would hopefully mean father will soon earn his very well-deserved pay rise. I have hope for the depreciation to lead to cheaper holidays for foreign tourists too — maybe for our Royal Alexandria to rival even Canary Beach in the Republic of Argentinstan, or Greenfield in Hiram Land, fancy dreams. Well, one can hope for your backpacker business!

From what we are seeing up here so far, exchange rate falling has been caused by the strength of the NationStates Dollar, and not failures in our economy like the Freekish days of 2012. This means we have enjoyed the effect of a cash rate slashing equal to 20 or so basis points! For that reason, I do believe we need not worry about the impact that this latest round of depreciating Quertz russling would have on growth. It is controllable and seems to be instigated by state actors rather than caused by an underlying weakness in the economy.

I just hope that they won’t go too far — petrol prices have been going up steadily and we can’t really afford them going much higher over the next few months.

P.S. Please don’t forget to let Kitty out the back this Saturday night; she seems to have become addicted to the neighbours’ most lovable shrubs!


Last edited by Yohannes on Sat Oct 13, 2018 3:25 am, edited 1 time in total.
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New Aeyariss
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Postby New Aeyariss » Sat Oct 13, 2018 6:08 am

Image
NIFONESE INVESTORS TO OBTAIN QUERTZ!


Image




Royal Alexandria - Recently it had been confirmed by the Iroha Daily that various Nifonese investors will be filling to obtain large quantities of Yohannesi Quertz for purpose of future investmments in the country. Oda Koizumi, a Nifonese billionaire oligarch owning many construction companies in addition to having ties to Kojiro administration purchased over 2 billion Yohannesi Quetz. In addition it has been confirmed that one of most prominent member of Murakami family and former chairman of that familly's zaibatsu and current head of Murakami Financial Group, Murakami Gensuke, announced his intent to buy further 1 billion.

"It's an extremely important moment for us" said Gensuke-san in an interview "Murakami Zaibatsu is a major investor on Yohannesi market ever since the economic agreements between his excellency Kojiro-sama and the past government of Yohannes. It's no secret that I plan to purchase shares in Yohannesi companies and I can't let the gaijin competition get there first."

Many speculate that the decision to obtain Yohannesi currency is a reaction to activities of Redshield syndicate. The family is known competitor for Nifonese enterprises.

Shiba Rei, on behalf of Iroha Daily.
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Yohannes
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Civil Rights Lovefest

Re: Caracasus

Postby Yohannes » Sat Oct 13, 2018 8:15 pm

Caracasus wrote:
"So why does this matter? Forgive me here, but what I'm seeing - and what most Caracasusians are seeing here is simply yet another capitalist, free market economy on the verge of collapse as its internal contradictions surface. I'm sure our audience here has the utmost respect for the work your committee does to keep trade flowing between Caracasus and the rest of the world, but exactly why should our communes throw their support behind measures that undermine and contradict our own nation's economic models? If you'll excuse me for being blunt, why should I care if I can't have Yohannesian imported grapefruit for breakfast?"

The analyst blinked slightly in the artificial light. Behind her and the host, a holoscreen displayed a range of soothing, abstract images. Almost hypnotic, they moved about like Mandelbrot sets; as soon as it appeared there was an order to the pattern, it disintegrated, collapsed in on itself. All would be chaos for another few seconds before yet more patterns would emerge. She wondered exactly why it had been chosen. Surely it would be harder for the audience to focus on the discussion? Surely even the matte white wall of the studio would be a better backdrop?

"That's uh, that's quite blunt and frankly not entirely representative of the projected effects of these measures. I'm afraid that a potential collapse in the Quertz would have far reaching effects across the globe. I'm afraid it's not just your breakfast at threat here, it's potentially much wider in scope than that."

She sipped water. The interviewer at least had the decency to allow her time to collect her thoughts before she began again. She was on firmer ground here. Knowingly or not, he'd fed her a line that worked perfectly with the notes she had prepared.

"Sixty, even seventy years ago we had no real need to trouble ourselves with the economic fortunes or misfortunes of our less... our differently aligned trading partners. A tractor assembled in Caracasus would contain perhaps sixty parts from three countries. Now though? A modern Caracaususian harvester may contain anywhere up to two thousand components sourced from sixty to eighty countries alone. Virtual Intelligence interface programmed by Boani engineers, milled steel from Cedoria, electronic circuitry from Balagan... most of it bought to Quoris via Yohannesian transporters. We are no longer in a position where we can safely trade with our more ideologically similar allies and ignore the rest of the world. Yohannesian problems become our problems, and vice versa."

"But still, as close as relations between Caracasus and Yohennes are, there's no denying their economic models are incompatible with ours and frankly, at a very fundamental level - at odds with our own. Your plan... it supports the economy of Yohannes at the expense of some of our oldest allies."

She sighed. It was never going to be a popular proposition, though this angle of attack at least she had prepared for.

"Yohannes may be a capitalist power, yes - there is no denying that. However, Yohannes has not intervened militarily or economically in our affairs or indeed our international affairs. Out of all capitalist powers utilizing the Hypothetical zone, Yohannes controls by far the largest in terms of sheer tonnage and economic value. Should Yohannes falter and fail, the effects will be felt across our own industries. Everything from agricultural machinery to war planes will feel the burden. You may not like it, your audience may not like it but in this age we are interconnected with a wide range of global and regional powers on a fundamental level. Our committee's proposal is very modest and very straightforward. We increase expenditure and imports from Yohannesian firms and companies into the Hypothetical zone. Are we supporting a capitalist economy? We are. What we are also doing is protecting Caracasusian communes and ensuring a degree of international stability. We have supported far worse powers for far more trivial reasons."




Image




    [ Out of character information: This in character post is a spoiler that reveals the ending of the first parliamentary leaders’ debate ]

    MEGYN MARIE (Discussion Moderator): Why is the Leader of Yohannes First counting her lucky star this week? I don’t know, maybe it’s because the Economic Palace has told her that she’s got an extra 539.3 trillion Quertz russling to intervene in the currency market so that she and Chancellor Annabelle Thorndon-Stevensonn can stabilise the currency whilst, quote unquote, “Investors flock to the Quertz because it is the national currency of a government with reputable economic administration and worldbuilding track record.”

    Certainly not a bad way to fulfill one of her most important election promises when she was elected to become the eighteenth Yohannesian Emperor in January this year. With the conclusion of the first The Realm News Leaders’ Debate of Decision 2018, let us now discuss parliament’s latest bipartisan move to give the go-ahead for the Economic Palace to intervene in the foreign exchange market — their mission: to stabilise the value of the national currency of the Realm of Yohannes.

    Please welcome back for the last time before the election day — the leaders of the Greens and Yohannes First: Zoe Nilsson and Marion Maréchal-Le Men.

    [
    ... PHEW PHEW PHEW, thousands of whistles reverberating all around the discussion chamber... ]

    MARION MARÉCHAL-LE MEN (Yohannesian Emperor; President of the Electoral College; Yohannes First Party): The philosophical basis of our political and constitutional framework is that from time to time we — those sitting on the two sides of Parliament House’s aisle — must agree on things that we know will safeguard this nation’s most remarkable stories of economic development in the years ahead.

    Can I just start by saying that I would like to thank The Hon Leader of the Green Party, Dr Zoe Nilsson, for her decision to support this policy. Without her support, this bipartisan initiative would not be possible. I would like to also thank The Rt Hon Chancellor Annabelle Thorndon-Stevensonn and the Christian Democratic Party for their decision to go ahead with this bipartisan collaboration.

    Dr ZOE NILSSON (Green Party; Electorate of Cowrie): Despite our many differences, the newly-released policy blueprint for Economic Palace’s decision to finally intervene to stabilise the Quertz russling is one of the few thing that I believe The Rt Hon Leader of Yohannes First has got right. We have also agreed beforehand that The Rt Hon Marion Maréchal-Le Men would be the one to speak concerning this latest Executive Council policy update.

    MARION MARÉCHAL-LE MEN: The one price law states that import prices should be equal to the domestic-currency equivalent of non-domestic export prices. However, as one small dot in the international community of more than a thousand nations, the experience of the Realm of Yohannes has been that measured import prices often diverge from the one price law for sustained periods. One possible reason behind these on the ground differences is Pricing to the Market (P2TM) behaviour — that is, where the extent of exchange rate pass through and the conditions of the local market decide the prices of import.

    The measured markup on import prices relies on the degree to which domestic demand is adjusted with the international community’s demand; whether movement in the bilateral exchange rate is caused by domestic or foreign factors, and the extent to which P2TM behaviour in the Nineteen Countries differs from such behaviour in other nations. For instance, in the case of the exchange rate between the Quertz russling and the NationStates Dollar, we must differentiate whether existing rate weakens because the Quertz russling is depreciating against the currencies of our major trading partners or because the NationStates Dollar (Universal Standard Dollar) and the currencies of our major trading partners are appreciating against the Quertz russling.

    The logical basis or thinking is that, with P2TM, the appreciation of the Quertz russling will lower the price of a nation’s exports to Yohannes the continent — that is, the true underlying variable — but the price of that nation’s total exports will stay the same. That being so, there is a measurement distortion caused by the P2TM behaviour. But when the NationStates Dollar (Universal Standard Dollar) or the relevant currency is weakening, the prices of that nation’s exports to the Nineteen Countries and our trading partner’s total exports both decrease, so misrepresentation will not be present.

    P2TM is one of the things that we can judge only with a stable and fair currency — a currency that fairly reflects the competitiveness of our goods and services. To ensure the stability of our currency, the Economic Palace implements monetary policy, administers the interbank agreement and settlement systems, and ensures that we can realistically safeguard the Yohannesian economy.

    When and how the Economic Palace intervenes in the foreign exchange market — they are important for market participants, because they can have a significant impact on the values of the currencies involved. Theoretically, we know that sterilised intervention can work well by way of signal and noise trading channels and portfolio balance adjustments — though the experience of many World Assembly member states have also shown that in some cases they have been ineffective. We believe that the time has come to do things a bit differently.

    Since the years when the historically powerful region of Gholgoth expanded, and the condemnation of Automagfreek by the World Assembly in 2012, we have withdrawn our government’s presence on behalf of the Quertz russling in the market. It was not because we wanted to abandon the Yohannesian Model and social market principle, but because we, the Nineteen Countries, were feeling the after-effects of the 2012 Financial Crisis. We have since grown stronger and wiser — the Yohannes of today would easily beat the Yohannes of 2012, in or out of character.

    When I was elected into office, I promised that Change will come to Yohannes. In the 2018 January Electoral College Election, after that defining moment, Change has come to Yohannes.

    This morning I will say once again: Change has come to Yohannes.

    The Economic Palace will intervene in the Quertz russling to NationStates Dollar market by conducting daily sales and purchases of the Quertz russling against the NationStates Dollar, and possibly other national currencies of the Nineteen Countries’ trading partners in the foreign exchange markets. To ensure transparency and to allay the worries of some of our trade partners, we will attach our official foreign exchange market intervention information under Parliament Analysis Archive’s monthly summary of the economy publication. Foreign Ambassadors and Consuls may also request pre-released data from the Ministry of Economy, Industry and Trade.

    As mentioned earlier in Chancellor Annabelle Thorndon-Stevensonn’s letters to foreign Ambassadors and diplomats in the Nineteen Countries, to return the Quertz russling to what we believe should be its fair value against the currencies of our friends and trading allies, the Government of Yohannes will slowly release 539.3 trillion Quertz russling over the next twenty-four month period. The Government of Yohannes has forecast that, ceteris paribus, its intervention will result in the expansion of existing monetary base by 231.1 trillion Quertz russling.

    Over the next 20 years, the Government of Yohannes will try to continue to sell the Quertz russling for appreciating NationStates Dollars until the time that the exchange rate of the depreciating Quertz russling against our trade partners and World Assembly member states will reflect its true, weaker value. This intervention period will be separated by occasional days of tranquility to absorb the impact of the Economic Palace’s action.

    To ensure that this intervention will be integrated fully we have set up a working group comprising domestic market experts from the public and citizen sectors. They will report directly to the Chair of the Board of Governors of the Economic Palace, the Office of the Minister of Economy, Industry and Trade, and the Office of the Minister of the Treasury and Wealth Fund. They will be responsible for the integration of this long-term intervention programme with existing short-term interest rates and trade and liquidity to safeguard the stability of realm-wide system of payments and settlements. The working group will continuously monitor the liquidity of the system to ensure that it will not be negatively affected by the flows.

    They will also ensure that adjustments will not produce serious distortion with the Imperial Cash Rate set by the Board of Governors and its new Monetary Target Consensus — that is, explicit inflation rate targeting within a range of 1.5 to 3.5 per cent on average. As I’ve said, the Economic Palace will monitor changes in short term rates in the market and will provide supplementary liquidity assistance should they be needed.

    We firmly believe in keeping the citizen sector in the Nineteen Countries fully updated — business and public confidence is very important to us.

    MEGYN MARIE (Discussion Moderator): Rumour has it that this policy has been set up especially to target some of our trade partners — industrially thriving and fast growing economic powers with competitive goods and services relative to our exporters such as Caracasus, Greater Nifon, and Knootoss; especially Greater Nifon, a “well-known military power from the imperialist” Santiago Anti-Communist Treaty Organisation. Caracasus, Greater Nifon, Knootoss and other such nations have for long enjoyed sizeable surplus from their trade with Yohannes, and you are going to try to address this problem by attacking their weakest points.

    Is it true that you’re trying to target these nations?

    [
    ... the Yohannesian Emperor and the Leader of the Green Party raise their eyebrows and look at one another, smiling coyly... ]

    MARION MARÉCHAL-LE MEN: I think the Leader of the Green Party would agree with me when I say that that was a very silly question, and not to mention a misleading one for our viewers — some of them foreign Ambassadors and diplomats watching this discussion, reporting directly to their respective governments. No, we are not trying to target anyone. As I’ve said to The Nations current affairs programme yesterday, that when times are tough, investors flock to the Quertz because it is the national currency of a government with reputable economic administration and worldbuilding track record. However, a much stronger Quertz is not good for our international trade-led economy. Yohannes is not that strong, actually — we are growing weaker, economically and militarily. In comparison to fast growing powers from powerful organisations such as the International Freedom Coalition and Santiago Anti-Communist Treaty Organisation, we are becoming comparatively weaker by the day.

    I was voted into office with the promise that I will try to limit the encroaching and destabilising negative effects of internationalisation and deindustrialisation caused by Israeli banking conspiracy and unfettered non-Occidental open border, illegal immigration organised by radical extremists and religious terrorism. I want to protect my people. I want to protect the future of my two beautiful daughters, who will one day grow to become strong, empowered citizens just like their Yohannesian mother and African Yohannesian father.

    I know the Great Nifonese Shogun will agree with me. I want to do the same for the sons and daughters of the Yohannesian nation — so that this beautiful Realm can and will last for a thousand years. I want to protect our people. I know that the Great Nifonese Shogun Kojiro and His Excellency the Great Nifonese Prime Minister Murakami Akira want to do the same for Great Nifon. And I know that the Caracasus Council Elect wants to do the same for Caracasus.

    They want to protect their people too, in the exact same way we want to protect the Yohannesian people.


Last edited by Yohannes on Sun Oct 14, 2018 12:40 am, edited 5 times in total.
The Realm of YohannesDas Yohannesische Reich
Government Archive Act | Reichstag Parliamentary Debates | Tales from Yohannes | The Financial Diary
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Yohannes
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Founded: Mar 17, 2010
Civil Rights Lovefest

Re: New Aeyariss/Greater Nifon

Postby Yohannes » Sun Oct 14, 2018 1:46 am

New Aeyariss wrote:
NIFONESE INVESTORS TO OBTAIN QUERTZ!




Royal Alexandria - Recently it had been confirmed by the Iroha Daily that various Nifonese investors will be filling to obtain large quantities of Yohannesi Quertz for purpose of future investmments in the country. Oda Koizumi, a Nifonese billionaire oligarch owning many construction companies in addition to having ties to Kojiro administration purchased over 2 billion Yohannesi Quetz. In addition it has been confirmed that one of most prominent member of Murakami family and former chairman of that familly's zaibatsu and current head of Murakami Financial Group, Murakami Gensuke, announced his intent to buy further 1 billion.

"It's an extremely important moment for us" said Gensuke-san in an interview "Murakami Zaibatsu is a major investor on Yohannesi market ever since the economic agreements between his excellency Kojiro-sama and the past government of Yohannes. It's no secret that I plan to purchase shares in Yohannesi companies and I can't let the gaijin competition get there first."

Many speculate that the decision to obtain Yohannesi currency is a reaction to activities of Redshield syndicate. The family is known competitor for Nifonese enterprises.

Shiba Rei, on behalf of Iroha Daily.




    Image

    The Embassy of Greater Nifon
    On behalf of the Imperial Government of Nifon
    14 October 2018



    Dear Honourable Ambassador,

    Agreement with the Yohannesian Postbank

    The purpose of this letter is to inform you that the Economic Palace has given the green light to the agreement between the Murakami Financial Group and the Yohannesian Postbank, i.e. concerning recent foreign investment and transaction application.

    Decisions about the direction of capital flows between the Realm of Yohannes and some of its trading partners are made by many types of private and government institutions, and the zaibatsu of Greater Nifon have become increasingly important transnational investors in the Nineteen Countries since 2015. The Murakami Financial Group, through the Murakami family of enterprises, has since its introduction into the Nineteen Countries market been one of the most dependable foreign investors of its type in Yohannes the continent.

    Knowing that the Empire of Greater Nifon is a signatory to the Agreement for Equal Trade in 2017, I have great confidence in the strength of Greater Nifon’s legal formalism and investment guarantees vis-à-vis the Nineteen countries and its enterprises — this guarantees the operation of contract enforcement through our respective legal systems, thus reducing legal costs for Nifonese investment in the Realm of Yohannes and vice versa.

    I look forward to the meeting between your representatives and those of the Bank of Yohannes next week.


    Yours faithfully,


    ANNABELLE

    Rt Hon Annabelle Thorndon-Stevensonn
    Chancellor of the Nineteen Countries



Telephone 585 3 712 3421Facsimile 585 3 712 3121Email a.thorndonstevensonn@ministers.govt.yo
Private Bag 15170, Parliament House Buildings, Royal Alexandria 3510, Kingdom of Alexandria, The Yohannesian Realm.

The Realm of YohannesDas Yohannesische Reich
Government Archive Act | Reichstag Parliamentary Debates | Tales from Yohannes | The Financial Diary
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Yohannes
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Civil Rights Lovefest

Re: Yohannes’ government intervention in the currency market

Postby Yohannes » Sun Oct 14, 2018 7:04 pm



The Chairman came to Wittenbach on the third day of currency intervention week. He brought with him both his lieutenants, and a retinue of men in suits. The press room was cleared by his bodyguards, and no one was permitted to enter before him, lest he should suffer the shame of having to explain the reasoning behind his latest move. His lieutenants wore only the most expensive tailor made suits, and they all splashed into town with shining Bucintoros, their personal aides crowding the town’s boutique wineries and cafés. The Chairman had won big in the last four years — under Garnet Til Alexandros and, later, her former mentor Marion Maréchal-Le Men — and he wanted the world to see it, as The Great Panjandrums Themselves usually do.

In his company was Kayla, daughter of Sir Temuera the Dragon, and her personal assistant Darryl. At the same time that the Chairman had brought the Bank of Yohannes to its highest point in the nation, Kayla had become its ambassador overseas, and she had been winning the lottery ever since. She had travelled far and wide, she had learnt to buy and sell, and she had spent most of her spare time building her online organic milk business. In four years no one had questioned her credentials to one day be at the bank’s helm. How could they — she was a descendant of the Dragon’s Den after all. As she walked behind the Chairman through the curious crowd, both in awe and envious, she gave Darryl that guilty look.

The Chairman snapped his fingers and the sycophantic aide rushed to do his bidding, opening the rear door of the luxurious Van Luxemburger car. His colleague did the same for Kayla.

“No thank you”, she smiled.

“Thank you for today’s work”, she gave the young man a 5,000 Quertz russling tip. Before she entered the car she gave Darryl a parting look. They were like the aide once, eager to impress. ‘How far have we come, yes?’, her eyes told Darryl. Maybe not her. She loved her online business too much and, anyway, she had been the daughter of the Dragon right from the start. She also loathed the grovelling Chairman so much that she could beat his face with a pole until it turned unrecognisable. Rumour had it that there was no love lost between the industry’s two most powerful figures — one slowly receding into the background, the other rising to take his place. From Albert to the Chairman, she had been groomed to take her father’s place one day.

“Caracasus Industry and Trade will be a tough nut to crack”, the Chairman gave her a sidelong glance.

“And well,” he said, turning to Kayla, “I know of your father’s reputation, and I can see a bit of him in you.”

He slapped Kayla on the back. “I’m most impressed by your work ethic and your dedication, Lady Williams. I’d expect nothing less from the daughter of the great Dragon himself. I know that you will do us proud with the Caracasus Industry and Trade delegation too — and please do not fail me.”

“I don’t know.” Kayla looked away, avoiding his eye. “I’d better start reading this report on the Caracasusian economy for tomorrow’s meeting.” She started to read without looking at him.

The Chairman, her uncle, can be a tad annoying sometimes, but at least he’s honest. Shame she can’t say the same for the rest of the industry.


Last edited by Yohannes on Sun Oct 14, 2018 7:51 pm, edited 2 times in total.
The Realm of YohannesDas Yohannesische Reich
Government Archive Act | Reichstag Parliamentary Debates | Tales from Yohannes | The Financial Diary
Currency Intervention | A Game of Thrones | The Archbishop and His Mission | Yohannesian Peace | Homofront Yohannes | My competition
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We love NationStates! Do you? \__(^.^)_//
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Caracasus
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Left-wing Utopia

Postby Caracasus » Tue Oct 16, 2018 1:41 am

Caracasusian Cultural Exchange Centre - Royal Alexandria

Kein pushed hard on the heavy wooden door until it slid slowly open. Stepping inside, he pushed down the hood of his jacket. The muffled buzz and hum of activity became louder, more focused. He made his way to the reception area and rang the bell. A tired receptionist directed him down a maze of corridors, criss crossing buildings and centuries in architectural style and design. Down one corridor, wide plate glass gave a view of a courtyard that somehow - apparently defying the laws of architecture and indeed physics - vanished down the next corridor lined with small, badly painted sash windows.

Banners and artwork adorned the community hub. Here was a banner donated by the Caracasusian Dockworkers Union on the commencement of some historical strike action or another, there a bust of the founder of a labour movement that had become incorporated within the Social Democratic Party. Upon the wall a striking painting of a young man in a hooded sweatshirt. In one hand he held a butterfly knife, in the other a can of chicken soup. Kein was certain he was missing some cultural context that would illuminate the artwork for him.

The man who greeted him smiled warmly and led him deeper into the building. Eventually - in spite of the fact the room itself was not labeled in any way that Kein could figure out - they clearly reached the right place. Inside three teenagers were occupied, sitting around one holoprojector.

"Oi, you lot - you know the rules, this room's off limits during weekdays."

Two of the went to pack their bags, the other looked at Kein and the man with that perfected teenage gaze that seemed to convey hostility and embarrasment at being forced to interact with anyone over the age of twenty five.

"No way, it's our centre too. We paid our fees, so why do you get the room just because?"

The man smiled, his tone changed slightly. "Well sunshine, firstly because the man I am standing next to is a Caracasusian attache, the ones that own the lease to this place and sec..."

"I thought communists didn't own stuff?"

"Secondly, you haven't paid your fees, have you? Now, sooner or later I'm going to have a conversation with your mum and your nan about that, and what you might have been spending that money on. If you lot don't clear out, that's my morning freed up. I might take a stroll over there now..."

The teenagers vacated the room as slowly and reluctantly as they gauged they could get away with.

"Eh. They're good kids really, you know? Just...."

Kein nodded. "Say no more. My nephew's into the whole Cajji thing at the moment back home. Photocopying banknotes and all that. Kids will be kids."

They got to talking, the Caracasusian attache and the Yohannesian Trades Union Councillor. Kein listened as the man spoke fondly of Carcasusian initiatives that had either passed Kein by or he'd questioned himself. The picture he painted of Caracasus was a little rosier than Kein's own memories. He'd yet to mention the various narrowly averted social and economic disasters, nor the failure of Trade and Industry to fully realise their dream of integrating urban and rural communes seamlessly. He'd talked with excitement about drone deliveries to far flung communes, not realising that in the early days of the scheme the system's rather buggy algorithm led VI would often dispatch completely useless supplies while forgetting to dispatch much needed food and fuel. Kein remembered his mother and father telephoning Industry and Trade several times a year after their tiny commune received orders meant for others. Still, it was to be expected he supposed, here was a man who had worked his entire life for a trades union, was it that surprising that he was willing to overlook the flaws in a society he looked up to? And hell, here he was, a refugee from a flawed utopia who had taken a position in a country so different from his own.

Since the proposal to extend and support trade with Yohannes, exports from Caracasus oversees had increased modestly. Industry and Trade would take money and likely invest it through the hypothetical zone, purchasing raw material, electricity and even the occasional investment in an oversees enterprise that fit their strict criteria. Privately, Kein thought it a mistake. Sure, Caracasusian electronics communes were contributing more thanks to the initiative, but Yohannesian stores and import companies were putting in orders below what Industry and Trade had predicted. Publicly? In an admittedly limited capacity he was representing his country.

Still, that was not the only reason he was here. Talks of closing the border to certain groups of refugees and immigrants and a strange, almost undefinable change in the political atmosphere had worried the Council Elect more than export numbers of the latest Caracasusian games consoles. He leaned in.

"So. How do the unions feel about Marion?"
As an editor I seam to spend an awful lot of thyme going threw issues and checking that they're no oblivious errars. Its a tough job but someone's got too do it!



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Yohannes
Postmaster-General
 
Posts: 12914
Founded: Mar 17, 2010
Civil Rights Lovefest

Re: Caracasus

Postby Yohannes » Tue Oct 16, 2018 5:09 am



“In the past few days, the Economic Palace has released millions of Quertz russling into the market and pursued a very aggressive expansionary monetary policy. Since the condemnation of Automagfreek by the World Assembly in 2012, the many International Incidents perpetrated by such imperialist powers as Bashriyya, Greater Nifon, Inyursta, and Khataiy have resulted in the strengthening of the Quertz against certain major currencies.”

“Almost one year since the election of Marion Maréchal-Le Men, Chancellor Annabelle Thorndon-Stevensonn’s Thirty-sixth Christian Democratic Executive Council has finally relented by adopting the GOP’s radical policy to depreciate the Quertz russling and to increase the competitiveness of Yohannesian goods and services at the expense of other nations.”

“When I say nations — these include, of course, Caracasus.”

“Set up only recently, the monetary target consensus working group believes that this expansionary monetary policy could lead to increasing credit and liquidity risks. Balance sheet effect from the depreciation of the Quertz russling, they believe, could be the result. And this would be bad for local firms’ books. Import costs would increase from less purchasing power. Our foreign debt is intermediated through our banking system, which has time after time shown itself vulnerable to volatility in our trading partners’ markets.”

“I don’t know whether this will become the reality or not, but I believe that any further monetary policy easing from this point forward could only increase housing price and a wide range of other things… fuel prices, for instance, have risen, and I don’t see why Marion would want to do any of that, especially concerning the very sensitive topic of housing price… unless, of course, this has been her plan all along.”

“She wants to make the ‘housing crisis’ worse by injecting more poison into the already overflowing chalice. She knew that more foreign investors — and especially, those coming from Non-Occidental nations — would translate to more reactionary votes for her party.”

“The problem… her party is not the Social Democratic Party. Her party is Yohannes First. To me, she’s just as bad as Annabelle Thorndon-Stevensonn and the Christian Democratic Party.”

“The GOP has increasingly become nothing more than Yohannes First’s plaything as of late. The Social Democratic Party has very much declined since the 2012 Financial Crisis, because it was the party in executive council during the crisis, and more and more core GOP blue-collar voters have become radicalised and turned further right as regards social issues such as immigration; hence, Yohannes First growing to become the third largest party in the Nineteen Countries, with the Green Party being a distant fourth.”

“At this rate, and with the very much popular big tent conservative Marion at the helm, Yohannes First is bound to overtake the Social Democratic Party to become the second largest party in contemporary Yohannesian politics.”

“And I don’t want that.”

“You see, our unions have supported the Social Democratic Party for a very long time. We were there when the Social Democratic Party was still a genuinely social democratic, socially liberal party. We were there, and we had watched, as the Social Democratic Party slowly turned socially right — as it increasingly courted the religious far-right and anti-immigrant voting blocs in the bible belt and the heartland.”

“But the Social Democratic Party will not be the winner here.”

“The anti-immigrant and religious far-right have increasingly turned to Yohannes First since 2017, because they’ve always felt a wee bit unsure ’bout the Social Democratic Party’s progressive economic policy. Yohannes First, however, is an economically centrist party. To make matters worse, since Marion Yohannes First has won increasing votes and polling results from traditional battleground electorates.”

“Marion is an interesting person. Her National Court Judge husband is African Yohannesian — a known Christian leader in the African Yohannesian communities — yet she would gladly employ her more distasteful dog-whistle politics against non-Occidentals and Muslim immigrants. She knew how to pit the minorities against one another. Also: clean record. No extramarital scandal. No political scandal. No controversy. Clean as the biomedical scientist Jillian Glean.”

“Though, perhaps I’m just being too cynical here. Perhaps she’s a genuine person, who happens to feel that some things just need to be fixed. But… she’s too good a politician. For someone who’s quite popular with the religious far-right, she seems to know how to play the lesbian, gay, bisexual and transgender card right: after the Electoral College Presidential Election in 2018, exit polls revealed that she had won the votes of LGBT citizens from the rainbow and battleground districts who had previously voted for her predecessor from the Christian Democratic Party, the seventeenth Yohannesian Emperor Garnet Til Alexandros.”

“We have to remember that we’re talking about someone who was once the mentor of Garnet Til Alexandros here. She’s like this magnet that can draw votes from the far-left, the far-right, the centre-left and the centre-right.”

“Political pundits have called Marion’s decision to intervene — and we are talking about aggressive large scale intervention in the currency markets here — daring and borderline World Assembly-illegal. They believe that it is a politically cynical move to shore up her support both here and overseas. She wants the support of foreign governments; they can cooperate with us and we can continue to become richer together, or we will just do this alone.”

“If influential military powers such as Greater Nifon will join up with us to create a multilateral, unofficial monetary alliance, that would be even better — together, this ‘unofficial alliance’ comprising known economic and military powers, regardless of political ideology, would make all the participants near unstoppable. Something not seen since 2009. And, of course, domestically Marion wants the support of the nationalist right and the protectionist left.”

“That said, I know her well. She would never do anything so unethical like that. Most likely, she’s basically just trying to show foreign observers who still doubt us: ‘This is what we are capable of — we have come very far since 2012. Though we won’t go too far because we want to be on your good side, and because we think it is very un-yohannesian and unfair.’ This is a very, very cynical move by Marion Maréchal-Le Men.”

“But that’s enough about me or how I feel about this whole thing — the question now is how would the Council Elect see this whole thing?”

“I can also see many things going wrong from here for Yohannes, and when things go wrong for us, Yohannes’ more savvy trade partners, such as Greater Nifon and, of course, Caracasus itself, stand to benefit.”


Last edited by Yohannes on Tue Oct 16, 2018 7:06 am, edited 7 times in total.
The Realm of YohannesDas Yohannesische Reich
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McNernia
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Founded: Oct 05, 2011
Inoffensive Centrist Democracy

Postby McNernia » Wed Nov 07, 2018 7:15 pm

Image
OFFICIAL COMMUNIQUE OF THE KINGDOM OF MCNERNIA
OFFICE OF THE CHAIRMAN OF THE IMPERIAL RESERVE BANK

To:Yohannesian Economic Palace
From:The Honorable Lloyd Andrew Macanarin, Chairman of the Imperial Reserve Bank
Sub:Currency Market Intervention-Acquisition of Qertz
Sec:SECRET


Greetings

The Imperial Reserve Bank is interested in acquiring Yohannesian Qertz due to the bid to make it stable that seems to be working. HM Government is willing to pay in Mcnernian Pounds which currently stands at one pound is equal to 1.95 Universal Standard Dollar.

We hope that this will improve the relationship of our two nations.

L.A Macanarin, Chairman, IRB of McNernia
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Yohannes
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Founded: Mar 17, 2010
Civil Rights Lovefest

Re: McNernia

Postby Yohannes » Wed Mar 20, 2019 12:22 pm

Out-of-character information: McNernia, it was approved. I'll get around to replying in-character later (letter) :)
The Realm of YohannesDas Yohannesische Reich
Government Archive Act | Reichstag Parliamentary Debates | Tales from Yohannes | The Financial Diary
Currency Intervention | A Game of Thrones | The Archbishop and His Mission | Yohannesian Peace | Homofront Yohannes | My competition
Embassy Exchange | HASF Materials | Bank of Yohannes | Character repository | NS Hacking | Our posting history
We love NationStates! Do you? \__(^.^)_//
All In-Character things I’ve written on NationStates are open-source/Creative Commons that you can use :)
2018 had been my most productive (IC) NS year since 2011 — I won’t be as active on NS now due to RL obligations :)


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