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Reykjavik World Summit (Democritus only)

Where nations come together and discuss matters of varying degrees of importance. [In character]
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New Metropolitan France
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Reykjavik World Summit (Democritus only)

Postby New Metropolitan France » Tue Jun 30, 2020 3:47 am

Reykjavik World Summit, April 1 2027

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For the creation of an International Clearing Union


Rules: No metagame, godmod, assassination attempts, or posting by those without a Democritus RP map claim


Perspective: France

Today will be a day long remembered. The entire axis on which the global economy sits will soon be permanently realigned, historic injustice will be corrected, and President Dupont will have the honor of setting it in motion. He, like many of his compatriots, had become a committed Europeanist in large part because of these developments. To France, this was not just an opportunity to redraw the world in line with egalitarian values; it was the moment that the Republic’s honor was restored after decades of humiliation and servitude.

Leaders of the 20th century had been confronted by immense challenges – this fact was unquestionable – however, they had repeatedly failed to deliver meaningful change. The first betrayal had come at the Bretton Woods Conference in 1944, when the American delegation and Soviet agents betrayed the Franco-British Union by attempting to reshape the international order in their own interests. The grand design of Keynes for an International Clearing Union which would provide the framework for sustainable post-war recovery was pushed aside, leaving the two rivaling super powers able to compete for economic hegemony at the cost of Europe and the rest of the world. The Americans orchestrated the creation of a proxy gold standard; a zombie fixed exchange rate which forced the great powers to abandon colonialism in favor of a new form of imperialism - trade, finance and debt diplomacy. The nations of Europe had joined their former colonial subjects in servitude to the new super powers – either imprisoned behind the Iron Curtain, or indoctrinated into the cult of the US Dollar.

It was of course Charles de Gaulle who first set about restoring the prestige of France, and Europe as a whole. His work, and that of subsequent administrations, to tear down the "exorbitant privilege" of the American currency culminated in 1971 with the Nixon Shock. The sustainability of American gold reserves had been exposed by natural market fluctuations, and the French navy’s grand mission across the Atlantic to redeem European foreign exchange reserves dealt the death blow. The Bretton Woods system which America had used to impose its hegemony was now haemorrhaging under speculative pressure, and so the decision to shift to fiat currency was one of desperation. While the potential for the US Dollar to continue to serve as the world’s reserve currency might have proven possible given time, the devastating American-Soviet War put an end to any such aspirations.

The following years were dominated by uncertainty, with no central system for international commerce able to emerge for more than brief moments in time. Neoliberalism emerged in some countries, while mercantilism became prevalent elsewhere. Current account crises created by systematic trade imbalances were leading to public and private debt proliferation in the periphery, while the core economies accumulated large surpluses with no incentives for distribution. Even as the CSN was established in Iceland, world leaders remained unable to agree upon a path forward. The re-emergence of North America in the late 1990s and early 21st century offered a temporary reprieve, with first Canada and then the North American Federation able to take up the role of de facto world reserve currency. The devolution of NAF in the 2020s and subsequent international recession provoked fears of another period of anarchy, with the NAF Dollar ceasing to exist. This time, the path forward was clear; face complete economic collapse as international deflation took hold, sending millions of people across the globe into perpetual poverty and enabling the great powers to continue to exploit the underdeveloped states, or take radical action.

Only the currency of the French Confederation met the necessary criteria to act as the world’s reserve and uphold international economic order. The ongoing Cold War between Europe and South America and conflict in Africa made perpetual pre-eminence of the Franc politically unacceptable internationally, and the Triffin Dilemma inflicted significant pain on French exporters and domestic industry. Consequently, the ingenious plan of Keynes for an International Clearing Union underpinning a fixed exchange rate system was revived – and accepted. After a period of three years, the Franc’s role as the internationally recognized world reserve currency was to be supplanted by the new Bancor system. There would be no need for an officially designated world reserve currency, with all international currencies fixed in relation to each other via the Bancor to provide stability. The system would stabilize balance of payments, promote sustainable growth, and bring about greater international equality.

And so it was today, April 1 2027, that President Dupont arrived in Iceland ready to formally surrender the Franc’s formal designation as world reserve currency. The inauguration of the Bancor, and subsequent launch of the Eurozone's new exchange rate mechanism, would perhaps serve as a welcome distraction from the ongoing domestic situation across the French Confederation. French Indochina’s strict border controls and regulated economy, which facilitated Cambodia’s recovery from the emaciated state of the previous war and recession, had thankfully served to keep cases of SARS-H11 low and in managed areas of isolation. The news was less encouraging elsewhere - both Algeria and Metropolitan France had delayed the arrival of the virus as a result of continental efforts to limit free movement, low levels of trade and travel to the countries of origin, and increased funding for the health sector to improve detection methods at the level of local physicians and central clinics. This had ultimately given the Seventh Republic three months of preparation and relative normality, before cases began to increase sharply and lose traceability. Even as Dupont enters the summit hall, arranged so that all delegations would be able to observe physical distancing despite already being tested upon arrival, officials in Paris would be unveiling new health restrictions as the situation continues to deteriorate. It would be too late for more than 35,000 who had already been claimed by SARS-H11.

The Seventh Republic, the French Confederation, and the wider world face a crisis once more. Dupont, however, hopes that for the first time in more than a century all nations will soon be positioned to emerge from such crisis into a fairer and more prosperous future.

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Grandes Terres
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Postby Grandes Terres » Tue Jun 30, 2020 1:27 pm

Address by
his Excellency Borut Pahor,
Prime Minister of the Council of Ministers of the Second Italian Republic




Distinguished Delegates,
Ladies, Gentlemen and Others

Today is a historic day, a moment of change and reform in our global society. As we collectively welcome the new Bancor system with open arms we can rejoice in the economic benefits it will bring to the globe, giving every nation the chance to prosper and enhance our global society.

Despite the uncertain times we have recently entered as we all tackle a virus, it is imperative that we see the smooth transition to the Bancor system through, we cannot afford any delay.

The crisis of the SARS-H11 virus will be an opportunity for all of us, rich or poor, black or white, to emerge into a new world system of trade that will bring prosperity to more people than ever before, and will level the playing field which has always been tipped in favour by so much to so few.


President Borut Pahor seen below addressing the Assembly of the Reykjavik World Summit.


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Last edited by Grandes Terres on Tue Jun 30, 2020 4:10 pm, edited 1 time in total.
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Puertollano
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Postby Puertollano » Tue Jun 30, 2020 3:02 pm

This was the first international event where the Bolivarian Republic of Puertollano was not represented by former President Castillo since his death. To take his place, soon-to-be President Desiree Alameda attended as the official head of state of the Bolivarian Republic. She took her seat. It looked like she was in no mood of talking. "I motion to have five minutes of silence, dedicated to our friend and comrade Nicolo Castillo. I know many of you knew him personally, and putting politics aside, I believe he deserves a fair and respectful send-off."




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Foreign Affairs Ministry of the Bolivarian Republic of Puertollano
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Anxiety Cafe
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Postby Anxiety Cafe » Wed Jul 01, 2020 5:08 pm

The silence of the chamber was soon abruptly interrupted with the entrance of President Carlos Sánchez, here to represent San Martinia.

"Hello to all those gathered here," he began, looking at the delegates around him. "For a quite long period of time, the world situation has seemed bleak. However, recent events have indicated that we are entering a new period of peace, prosperity, and cooperation among nations, to be started with the global implementation of the Bancor. I am very excited to discuss the possibilities."

Before stepping towards his seat, he glanced at the Puertollanoan representative. "I am also glad to see President Alameda here, and would like to commend her for deciding to break her predecessor's tradition of working against international cooperation and laws."

With that, he took his seat and awaited the others' arrivals.
Last edited by Anxiety Cafe on Wed Jul 01, 2020 5:10 pm, edited 1 time in total.

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United Democratic Christian States
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Postby United Democratic Christian States » Fri Jul 03, 2020 6:17 pm

Next to enter the chamber was not the head of state of Germany Ben Müller, but rather the man that governed Germany for 15 years after his father died and until the formation of the Germanic Union, Kaiser Wilhelm IV.

Taking several moments to greet his fellow conference attendee's, most of which he had never meet (other than President Dupont), before giving a brief message to the entire room.

"Hello Global delegates, for to long global inequality has plagued the poorest nations of the world, today in the name of global Liberal Democracy, we have a chance to change this. For the sake of so many, let's not screw this up." He finished before taking his seat.
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Bengal and Assam
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Postby Bengal and Assam » Fri Jul 03, 2020 11:04 pm

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The next person to enter the room was Susan Itai, the Prime Minister of Bengal. As she was elected only 2 years ago, and was busy cleaning up the mess caused by the previous administration, she barely met any of her fellow leaders currently attending this conference. Although for the sake of courtesy, she personally greeted a few of the world leaders before addressing the conference, namely President Dupont of France and Prime Minister Borut Pahor of Italy. She also deliberately avoided interaction with Castillo.

"Fellow Delegates. It is an honour meeting you all. I have come all the way from Minato to this summit in the hopes that our hard work here will bear a wave of good results and change that will be felt from the jungles of the Amazon to the skyscrapers of Minato.

As fellow delegate President Pahor pointed out, we live in uncertain times. We are dealing with a dangerous pandemic, while also experimenting on a new economic order.

I, like you all in this room, am optimistic towards the fruitful results of this conference, and look forward towards a better future that we, currently in this room as one single global community will try to bestow upon every single human being on the face of this planet. Thank you"
Last edited by Bengal and Assam on Fri Jul 03, 2020 11:08 pm, edited 2 times in total.
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Lendenburgh
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Postby Lendenburgh » Sat Jul 04, 2020 1:56 pm

Behind the Prime Minister of Bengal, Henrika Dahl entered the chamber. As the minister of foreign affairs, she was selected as the closest thing to an elected leader that the Nordic Federation had to send to an international conference at the time. Though she was nervous due to her sudden appointment by Admiral Ramussen, she was glad to be participating in such a historic conference. When Prime Minister Itai finished her speech, Henrika stood to address the conference:
My fellow delegates, today we enjoy the rare occasion of being gathered in Iceland with very much the same goals in mind. Beyond stemming the damage of this devastating pandemic, and the other trials of our times, we must consider our mandate today ushering in a new era of global cooperation and economic growth.

I think we all have experienced firsthand the turbulence that the neoliberal world financial order has brought over the past decades, and with the opportunity to amend that order comes the opportunity to be the architects of a better future. I hope that all of us can work towards our mutual growth as a globe, and forge a brighter tomorrow with these economic reforms.

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Orostan
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Postby Orostan » Sat Jul 04, 2020 4:43 pm

President Fujimori of the FSR entered the room and took his seat next. The remarks of San Martinian President Sánchez and the premature promotion of liberal ‘democracy’ by the German Kaiser did not inspire much confidence in the meeting for Fujimori. At least the French seemed to know what they were doing. Fujimori gave his opening words after adjusting his tie.

“The current global health crisis is a reminder of the economic integration of our civilization. The Bancor, at least as it exists now, is a compromise between the nations here that I hope will promote economic stability and wealth for workers everywhere. The bancor system is not embraced enthusiastically by the FSR or many of its allies and many concerns exist about its fairness among other things. I hope that sitting down with other world leaders here can help make the bancor fairer and more beneficial to our peoples.”
“It is difficult for me to imagine what “personal liberty” is enjoyed by an unemployed hungry person. True freedom can only be where there is no exploitation and oppression of one person by another; where there is not unemployment, and where a person is not living in fear of losing his job, his home and his bread. Only in such a society personal and any other freedom can exist for real and not on paper.” -J. V. STALIN


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The Underground Movement Union
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Postby The Underground Movement Union » Sat Jul 04, 2020 6:46 pm

Reykjavik, Iceland
April 1, 2027
President Lucas Stone





Lucas had arrived fairly early. He'd been in his seat the entire time, observing silently and patiently. He'd be well-dressed, in a light gray suit and tie and with a black dress shirt under it. He'd have light brown hair, a light skin tone and a well-kept mustache and beard. It would as well be apparent that he was, most likely the youngest man in the room, being still in his early 30's. He had been quiet for a good while, until Fujimori made his opening remarks, wherein he'd make his as well following letting him finish. He speaks in a calm, neutral tone of voice,

"I am in whole-hearted agreement with the FSR's concerns, with of course the only difference between us being the methodology we have used in the past to attempt to reach the same result. I hope to see the Bancor leave not as a tool for global banks and monopolies to exploit but rather a tool to promote fair trade and economic stability. But, primarily our concern is the welfare of our citizens and their economic freedom. If we can walk away with their welfare and freedom from exploitation being guaranteed, we'll consider this a victory; a victory for the well-being of the worker; be they Canadian, be they South American, be they European, be they anyone; and a victory for trust in the international community to do the right thing."
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British Home Nations
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Postby British Home Nations » Sun Jul 05, 2020 10:22 pm

Commonwealth Delegation to the Reykjavik Summit
1 April 2027

Prime Ministers Lucy Hacker, Bharam Agarwal, and Khaled Saeed stood up and took their turns on to give opening remarks to the collected assembly of world leaders. The bancor proposal was supported by the members of the Commonwealth who had the three largest economies, as the best way for the world economy to reduce inequality and make globalization work better for everyone. And, given the ongoing worldwide pandemic, some important changes had to be made, not only at home but also internationally. As many delegates were attending they were taking several safety precautions, including wearing face masks and maintaining social distancing. The three leaders of the Commonwealth stood together, albeit six feet apart each other and wore masks, evoking an image of competence and leadership in this trying time.

Mr. Saeed stepped up to the podium, as Egypt was alphabetically first in the Commonwealth delegation. "Ladies and gentlemen, esteemed guests and leaders of the world, I am glad that we could have this conference to fundamentally reshape our perceptions and relationships about the world economy and how each nation can contribute to a lively discussion and debate on how to make the world a better place. This summit is even more important now as we face a potential fundamental shift on how our societies live and adapt in a globalized, interconnected world because of this global pandemic, but we shall step up to the plate and reach a consensus and a plan for our futures."

Mr. Agarwal was next. "The Commonwealth gives its thanks to all world leaders who are here today to help shape a new system for our new world, a world of inequalities of not only in wealth but also in economic relations and in health outcomes. We hope that this conference on the creation of the bancor will help solve our problems on these many fronts. We shall make our world a better place."

Following Mr. Agarwal was Ms. Hacker. "I would like to thank everyone who put this together and all who came here, braving in this tough time that everyone around the world is facing. And this conference shall be part of our answer to great crisis. We will hammer out this agreement that will have a transformation on all of our countries and our economic relations. The Commonwealth wants to express its gratitude to the host of the Summit, President Dupont of France, as well as the others who have contributed to its establishment."

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Fregantes Empire
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Postby Fregantes Empire » Thu Jul 09, 2020 1:41 pm

Iceland, Reykjavik

The Latin-Greek Delegation



Chancellor Fleuchaim came into the conference room just after the Commonwealth opening remarks, but despite his absence during the Canadian and FSR remarks, he was nonetheless informed about them.

After greeting some notable European partners such as Italy, France and Germany, as well as Bengal, Canada and San Martinia as global partners and lastly wishing condolences to the Puertollano's new President Alameda, he walked back to his seat and addressed the delegates;

"Esteemed delegates, while the City States of Latin-Greece tend to remain silent on the global arena, we nevertheless wish to stress the importance of this conference. A coordinated and well-managed response to the pandemic and a healthy global financial system are possible achievements we owe to our respective citizens.

As such, we wish to see cooperation and, if need be, compromises to address these issues. We are deeply committed to the Bancor proposal and a socially and economically plausible set of measures against the pandemic. We will make sure to cooperate with all nations and parties in good will, as it befits the international community. We hope you share our concerns and we wish for all delegations to negotiate in reason and calmness. Remember, we are making history in this room."


As he finished his address, he put his mask on and seated himself.
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New Metropolitan France
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Postby New Metropolitan France » Sat Jul 18, 2020 6:06 am

Dupont had enjoyed listening to the words spoken by foreign delegates, however the time had come for the main event. After a final word of encouragement from the rest of the Confederation officials, he stood and addressed the international community.

The French Seventh Republic henceforth renounces the internationally recognized role of the Franc as interim world reserve currency. The French Confederation acknowledges the inauguration of the Global Clearing Union here in Reykjavík, and the unanimous resolve of all nations to see the new Bancor system deliver prosperity and equitable outcomes for all states.


Dupont took a moment to survey the room, before continuing.

I also wish to announce the establishment of the Eurozone Exchange Rate Mechanism. The monetary systems of the French Seventh Republic, United Roman Triumvirate, United Kingdom, Iberian Prosperity Pact, Germanic Union, Nordic Federation, San Marino, Vatican City, Andorra, and Monaco are from this day forward linked together under a narrowing exchange principle. This decision was previously ratified by the DEU Assembly, and has been supported by the national governments of each participating state.


With a smile of triumph, he gave a nod of acknowledgement to the European delegations present.

Members of our Democratic European Union; this step towards monetary union is not universal - our dear friends in Russia and Denvaal have exercised their sovereign right to abstain - however, I say with confidence that this day will mark the start of one of our continent's greatest achievements.


Now turning to the delegates from other regions, and to the international media representatives present, Dupont gave a clear statement.

The European Standard Bank will shortly introduce a new common central bank digital currency, with a value derived from the Eurozone ERM. This digital fiat currency will precede the issuing of physical Euro notes and coins by at least 6 months. Given the ERM seeks to narrow variation of the continent's currency area into harmony with the French exchange rate, I would also encourage the international community to hold onto their Francs... what was until this day an interim world reserve currency will in the near future be the key to a new currency used by approximately half a billion Europeans in daily life, and the predominant unit of account for the world's largest single market and integrated trading system. While a 1:1 conversion upon introduction is not guaranteed, it is certainly the general ambition of this project.


With these words, he now moved onto the final topic of discussion that his administration wishes to bring onto the agenda.

I am so proud of how all nations have come together today to support the Bancor, and of how so many of our European colleagues have joined us in a marriage of money, however I must now issue a new call for joint action. I wish to personally congratulate the FSR for the world-leading results that are being seen surrounding their pandemic response, and thank all involved in the ongoing global fight against this virus, however it is clear that some states are comparatively disadvantaged even prior to this outbreak. Nations embroiled in civil war, domestic unrest, systemic poverty, famine and exposure to humanitarian crises now face yet another challenge. They cannot, however, be left to fight this battle alone. I call for an international effort to support the less fortunate against SARS-H11 - whether this be in the form of scientific research, contact tracing capability, healthcare provision, or other methods of cooperation. France pledges to follow any common international direction that may be reached on this front, and also resolves to view all pandemic-related issues in a considerate, humanitarian and apolitical lens. We can only hope that others may do the same.

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Bengal and Assam
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Postby Bengal and Assam » Sat Jul 18, 2020 8:32 am

Prime Minister Susan Itai listened to what the French President was saying, but the new "Euro" he spoke of captured her express attention.
After President Dupont sat down, she raised her hand for attention, as she wanted to take the floor.

I have something to say to the Right Honourable gentleman from France, as well all the DEU countries that are a part of this ambitious Euro project that we in Asia may one day try when we set our own differences aside.

I would like to let everyone in this room know that British Kawa holds no right to interfere in the sovereign matters of the DEU and its member states. But since the Franc has been, up to now, a World Currency, the issue of a switch affects us all. Not just the countries attending this conference, but every single nation-state on the face of this earth.

As you all know, we are facing a pandemic, and are experiencing a downturn in our economies. As I see it, it will take some time to effectively set up the Bancor as the world reserve currency. So, we are still stuck with the Franc to some degree for now.

As much as British Kawa welcomes an unified currency for Europe, we recommend that the DEU considers delaying the rollout of the Euro until these uncertain times are over, and the global economy is moving at a stable pace.

We welcome the assurances from President Dupont on the 1:1 ratio switch from the Franc to the Euro. And as Bengal is country with a stable and strong economy, we express full confidence that will be able to bear any uncertainties and problems that the Euro may present, God forbid. But it is the poorer, economically unstable countries we seek to speak for, many of which are in our Asiatic backyard. A small hurdle with the Euro, which still is the unofficial reserve currency until the Bancor is effectively rolled out, might turn out to be a bigger problem for them.

That's all I would like to say for now. Thank you
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Orostan
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Postby Orostan » Wed Jul 22, 2020 2:21 pm

To Fujimori the French President seemed to be putting on a show for the cameras more than a show for the economists. Fujimori had his own show to put on though, and began speaking as soon as the Bengali prime minister stopped.

"The FSR agreed to the Bancor system on the grounds that if the foremost economic powers and Federation trade partners in the world would join it, then the FSR would also have to. We have made our concerns about the fairness of the Bancor known in the past and have prepared several... solutions to those issues. The first is adjusting the trade balance calculations for the Bancor based on several economic and quality of life measurements including GDP per capita. This would allow less industrialized or less wealthy countries an opportunity to raise their standard of living at a rate the Bancor would usually not permit by allowing trade surpluses from them. The size of those surpluses will depend on that country's deviation from the average of the "global quality of life index" as our economists put it.

The FSR also would like to propose that the headquarters of the International Clearing Union be located away from Iceland in a more neutral place such as North America. Having the ICU be located in area that Europe claims to be part of it and that is traditionally aligned with European interests is not a good message for many of the countries in the world, especially those that have not taken well to European... intervention, let us say."
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Sagarmatha wrote:You have a corporatist brain. "It's more faster so it's better". Profit, profit, profit my dear Neoliberal, never forget why you exist. Profit, profit, profit.


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