Discontinuation of Worthless Currency Act submitted

[Tzorsland]

Trying to make this "environmental" is trying to hammer a square peg into a round hole.

And, if that remark makes me a "shape bigot" I will gladly admit to it.

[Dragonslinding WA Mission]

Trying to make this "environmental" is trying to hammer a square peg into a round hole.

And, if that remark makes me a "shape bigot" I will gladly admit to it.

"You, sir, are a Shape-ist!"

--

OOC: Yes there have been many examples of nations withdrawing their smallest denomination coins when they were no longer serving adequately as a medium of exchange. Ireland and the UK removed the halfpenny in the 1980s for example. Canada recently removed the 1cent coin, New Zealand removed their 1 cent and 5 cent coins, etc, etc, etc. So yes it can be done.

However, it was never done in the name of 'environmentalism', and it certainly has never been done on an international level, not even the Euro where some countries have retained their price rounding systems from the days when they had their old currency, the Netherlands for example.

So, what is it that we have here before us? We have something that is already addressed in a daily issue, that isn't remotely an international issue, and certainly is not an environmental issue attempting to pass itself off as both an international issue and an environmental issue. Quite honestly I don't see how this resolution is remotely necessary. And strongly suspect that Keshiland here is merely throwing excrement at the wall in an attempt to get something-anything to stick.

[The Sheika]

Just for reiteration, the question has been asked several times and has gone unanswered, so here it is again.

How is this an international issue?

[Republic of Keshiland]

Just for reiteration, the question has been asked several times and has gone unanswered, so here it is again.

How is this an international issue?

Its not but it just make sense

[The Sheika]

Just for reiteration, the question has been asked several times and has gone unanswered, so here it is again.

How is this an international issue?

Its not but it just make sense

It's not? Therefore it is a waste of the WA's time. Opposed.

[Dragonslinding WA Mission]

Just for reiteration, the question has been asked several times and has gone unanswered, so here it is again.

How is this an international issue?

Its not but it just make sense

"We would argue that it doesn't make sense. But even if we suppose that it does, it is not an international issue, at all we might add, and thus can be safely left to the member states to determine for themselves."

[The Bible Baptist Republic]

How is this an international and/or environmental issue? Worthless currency is a national economic issue at best.

[Excidium Planetis]

How is this an international and/or environmental issue? Worthless currency is a national economic issue at best.

"The author has already answered this question sufficiently." Blackbourne replies. "Here is their response:"

Its not but it just make sense

[The Greater Siriusian Domain]

Teran Saber: "And how would a purely digital currency be handled? Would it qualify as worthless, since the overhead of running any necessary accounting equipment would always be greater than the material value of something not even physical? Or would it not qualify as worthless as it literally costs nothing to make to begin with?"

[Dragonslinding WA Mission]

Teran Saber: "And how would a purely digital currency be handled? Would it qualify as worthless, since the overhead of running any necessary accounting equipment would always be greater than the material value of something not even physical? Or would it not qualify as worthless as it literally costs nothing to make to begin with?"

"An interesting question to be sure. But it also does not address those countries with a commodity based currency. A gold dragon for example will always be worth 15.55174g/Au. Stags worth their weight in silver, pennies in copper etc, etc, etc. Quite literally the only way even our smallest unit to become 'worthless' would require that gold, silver and copper not be desired."

[Excidium Planetis]

Teran Saber: "And how would a purely digital currency be handled? Would it qualify as worthless, since the overhead of running any necessary accounting equipment would always be greater than the material value of something not even physical? Or would it not qualify as worthless as it literally costs nothing to make to begin with?"

"Digital currency fails to meet the definition of worthless currency provided." Blackbourne replies.

"An interesting question to be sure. But it also does not address those countries with a commodity based currency. A gold dragon for example will always be worth 15.55174g/Au. Stags worth their weight in silver, pennies in copper etc, etc, etc. Quite literally the only way even our smallest unit to become 'worthless' would require that gold, silver and copper not be desired."

"Actually, quite literally the only way it becomes worthless is if the production costs exceed their buying power, according to the proposal." Blackbourne responds. "If it costs more than 15.55174 g/Au to produce a gold dragon, then it is worthless."

[Dragonslinding WA Mission]

"Actually, quite literally the only way it becomes worthless is if the production costs exceed their buying power, according to the proposal." Blackbourne responds. "If it costs more than 15.55174 g/Au to produce a gold dragon, then it is worthless."

"According to a 'proposal' that will never be enacted in the unlikely event it makes it to queue. I don't have the figure at hand but the dragon typically contains around 14g of gold allowing for a siegniorage of around 9%, less a few fingers of the moniers foolish enough to steal from His Majesty. Lets just say they don't usually commit a second offense because other things are cut off then."

[The Bible Baptist Republic]

How is this an international and/or environmental issue? Worthless currency is a national economic issue at best.

"The author has already answered this question sufficiently." Blackbourne replies. "Here is their response:"

Its not but it just make sense

Opens up the file cabinet labeled "WTF" and files away the response.

[Bears Armed]

Finally, there is no possible way this is Environmental/Manufacturing. Environmental means it will "increase the quality of the world's environment, at the expense of industry." Making the penny worthless will have the opposite effect. There is no way any nation will be able to round up billions or trillions of pennies, and some will no doubt wind up in the environment, since they are now worthless. The net effect will be environmental harm, not benefit. In my opinion this is illegal as written. Again.

OOC; But not making more of those coins probably should reduce -- albeit maybe only slightly -- the demand for the natural resources involved, and the use of energy. I consider it legal as 'Environmental'... marginally.

2) IRL Ireland and the UK withdrew the halfpenny in the mid 1980s. As far as I am aware, this did not lead to people simply chucking them into the bin. And there are countless international examples of low denomination coins being withdrawn from circulation and demonetised.

OOC; RL India decided to stop producing one low-value coin because the difference between its face value and its value as scrap aluminium meant it had already pretty much disappeared from circulation -- and been recycled -- anyway...

[Clean Land]

Nothing in this resolution prevents nations from giving those who give pieces of worthless currency to the state for recycling purposes an equivalent value in non-worthless currency.

[Willania Imperium]

Just for reiteration, the question has been asked several times and has gone unanswered, so here it is again.

How is this an international issue?

Its not but it just make sense

"So why should we give a damn? If it's not important enough for it to be considered an international issue, why should we waste our time with it?"

"But why am I asking? It's already been submitted. It'll just be in the trash and thrown away into the void of forgetting, like most of this fool's crap."

The Emperor sighs as he takes a bit of the painkillers gifted to him.

"It's good. Very good at numbing the nerves."

[Grays Harbor]

I have read this normally. I have read this in a mirror, looking for a hidden message. I have passed copies out to various random people on the street.

Nowhere can we find a valid reason for this.

[Frisbeeteria]

I have read this normally. I have read this in a mirror, looking for a hidden message. I have passed copies out to various random people on the street.

Nowhere can we find a valid reason for this.

Have you read it whilst smoking a blunt, in a large iron cauldron filled with mushrooms, soaked in Absinthe, simmering at a low boil, while wearing 360° inversion glasses? Not only is this brilliant under those conditions, it also contains the Secret Entrance to Universal Truth! However, for some reason, all that seems to evade me whenever I get out and sit at my keyboard.

[Oakrugia]

Ambassador Sherman is reading with shock.

"THIS IS NOT INTERNATIONAL! NOR TEMPORARY! PEOPLE HAVE THE RIGHT TO MAKE THE AMOUNT OF CURRENCY THEY WANT WHETHER IF ITS IN A MINT OR ANY OTHER PLACE WHERE MONEY IS MADE! THIS COULD OFTEN LEAD TO OUR ECONOMIES INTO A CRISIS! HAVE YOU EVEN THOUGHT ABOUT THAT BEFORE THINKING ABOUT THIS DAMN PROPOSAL?!"

OOC: I don't think this is even international. Plus, removing the use of "worthless currency" could often lead to bankruptcy, or even worse, an economical crisis. Even though it can also cause inflation, we can make our own decisions by our own money. Please. Abandon this.

[The New California Republic]

Discontinuation Of Worthless Currency Act

A resolution to increase the quality of the world's environment, at the expense of industry.

Category: Environmental Industry Affected: Manufacturing Proposed by: Republic of Keshiland

Preamble- The purpose of this legislation is to save WA nations money!

Defines- Worthless currency as any currency that is more expensive to mint or print than that of its buying power.

Requires- All WA member nations to stop minting or printing their worthless currency

Requires- All WA nations manufacturing mills to recycle worthless coins instead of throwing them away.

Edit that last part was purely to keep it legal for environmental since there was no category that fit this -_- Hopefully its enough to justify and keep legal

OOC: Please stop submitting this constant stream of garbage. Stop going for a shotgun effect by constantly submitting proposals, and hoping something will hit the target. Stop, or I will be forced to draft a proposal entitled "Discontinuation of Worthless Draft Proposals Act".