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[DRAFT] The Monetary Betterment Act

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Insulamortem
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Founded: Dec 04, 2019
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[DRAFT] The Monetary Betterment Act

Postby Insulamortem » Wed Dec 04, 2019 4:32 pm

Article I:
Section I: This proposal shall be known as “The Monetary Betterment Act”,
Section II: Regarding the Global Currency Index,
Subsection I: The average of all global currency shall be known as the Global Currency Index (GCI)
Subsection II: The Global Currency Index shall be the reference point for all currency
Subsection III: The Global Currency Index shall be available to ANY nation WA member.
Section III: Regarding the Monetary Committee,
Subsection I: The Monetary Commission (MC) shall be a General Assembly Committee tasked with maintaining the GCI and other money tasks.
Subsection II: It is within the MCs power to change the GCI at any time, for any reason.

Any suggestions are greatly appreciated! (also, please endorse me so I can propose this!)
Last edited by Insulamortem on Thu Dec 05, 2019 7:07 am, edited 1 time in total.
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Grays Harbor
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Postby Grays Harbor » Wed Dec 04, 2019 5:12 pm

Please explain how an index is “legal tender”.
Everything you know about me is wrong. Or a rumor. Something like that.

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Aclion
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Postby Aclion » Wed Dec 04, 2019 9:29 pm

Is your goal to establish an index the WA can use as a measure of value or to create an international currency?
Last edited by Aclion on Wed Dec 04, 2019 9:44 pm, edited 1 time in total.
A popular Government, without popular information, or the means of acquiring it, is but a Prologue to a Farce or a Tragedy; or, perhaps both. - James Madison.
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Insulamortem
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Founded: Dec 04, 2019
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[DRAFT] The Monetary Betterment Act

Postby Insulamortem » Thu Dec 05, 2019 5:27 am

Section I: This resolution shall be known as “The Monetary Betterment Act”,
Section II: Regarding the Global Currency Index,
Subsection I: The average of all global currency shall be known as the Global Currency Index (GCI)
Subsection II: The Global Currency Index shall be the reference point for all currency
Subsection III: The Global Currency Index shall be legal tender in all World Assembly Member Nations
Subsection IV: The Global Currency Index shall be available to ANY WA member nation.

Section III: Regarding the Monetary Committee,
Subsection I: The Monetary Committee (MC) shall be a General Assembly Committee, tasked with maintaining the GCI and other money tasks.
Subsection II: It is within the MCs power to change the GCI at any time, for any reason.

Hereby instates the The Monetary Betterment Act.
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Marxist Germany
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Postby Marxist Germany » Thu Dec 05, 2019 5:32 am

"Greetings ambassador, I have a few problems regarding your proposal.

Firstly, where is section II? You seem to have jumped from I to III and omitted II. Secondly, what is the purpose of this proposal? Usually this is stated in the preamble which you seem to have forgotten to add. Lastly, I suggest reading the passed resolutions list maintained by the Anglican delegation."
Last edited by Marxist Germany on Thu Dec 05, 2019 5:32 am, edited 1 time in total.
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Imperium Anglorum
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Postby Imperium Anglorum » Thu Dec 05, 2019 7:04 am

Grays Harbor wrote:Please explain how an index is “legal tender”.

If this index were set up like a money market fund, the option liquidation value of the currencies would equal the ascribed value.

---

That aside, I don't support. Monetary policy is an important tool for macroeconomic stabilisation. Policies which remove their effectiveness outside an optimal currency area would have negative effects world wide.
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Kenmoria
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Postby Kenmoria » Thu Dec 05, 2019 12:19 pm

(OOC: You should only have one thread per proposal; I’m sure a mod will merge these at some point.)

“Currently, I’m having trouble working out what you want member nations to do. All proposals need to mandate, or at least encourage, some form of action from member states.”
Hello! I’m a GAer and NS Roleplayer from the United Kingdom.
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Any posts that I make as GenSec will be clearly marked as such and OOC. Conversely, my IC ambassador in the General Assembly is Ambassador Fortier. I’m always happy to discuss ideas about proposals, particularly if grammar or wording are in issue. I am also Executive Deputy Minister for the WA Ministry of TNP.
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Insulamortem
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Founded: Dec 04, 2019
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Postby Insulamortem » Thu Dec 05, 2019 4:36 pm

I'm not trying to get member states to do anything. I just want to form a committee that oversee's money in the WA
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Kyrusia
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Postby Kyrusia » Thu Dec 05, 2019 5:40 pm

You don't need two threads for the same proposal. Merged.
[KYRU]
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Insulamortem
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Postby Insulamortem » Thu Dec 05, 2019 6:00 pm

Sorry, I didn't realize that I had the other one.
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Insulamortem
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Postby Insulamortem » Thu Dec 05, 2019 6:02 pm

Here is the Revised version:
Section I: This resolution shall be known as “The Monetary Betterment Act”,
Section II: Regarding the Global Currency Index,
Subsection I: The average of all global currency shall be known as the Global Currency Index (GCI)
Subsection II: The Global Currency Index shall be the reference point for all currency
Subsection III: The Global Currency Index shall REPLACE the United States Dollar as the currency reference point.
Subsection IV: The Global Currency Index shall be available to ANY WA member nation.

Section III: Regarding the Monetary Committee,
Subsection I: The Monetary Committee (MC) shall be a General Assembly Committee, tasked with maintaining the GCI and other money tasks.
Subsection II: It is within the MCs power to change the GCI at any time, for any reason.

Hereby instates the The Monetary Betterment Act.
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Grays Harbor
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Postby Grays Harbor » Thu Dec 05, 2019 6:04 pm

Insulamortem wrote:I'm not trying to get member states to do anything. I just want to form a committee that oversee's money in the WA

OOC: Which makes the whole thing automatically illegal as proposals, in order to be legal, must
A) require nations do something; and
B) not be only a committee bereft of any mandate on nations.

You make want to rethink your goals for this

EDIT:
C) may not contain real life references
Subsection III: The Global Currency Index shall REPLACE the United States Dollar as the currency reference point.
Last edited by Grays Harbor on Thu Dec 05, 2019 6:06 pm, edited 2 times in total.
Everything you know about me is wrong. Or a rumor. Something like that.

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