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Issuing Money

Day 1,199, 19:06 • Published in United Arab Emirates USA

• by Commius

Several hours ago Cl4trap sent a proposal to congress to issue 50.000 more AED even through the country is suffering hyperinflation.

Currently the best offer is 1 AED=.007 which means 1 Gold EQUALS 142.85 AED!!!!! And now he wants to add more currency into the system?!? This is absurd, self-destructive, and foolish at best. This just proves Cl4trap doesn't have the best interests of the UAE in mind.

I ask all congressmen to vote no to issuing additional currency. Thank you.

Comments

Commius Day 1,199, 20:35

And the yes votes increase...there's no reasoning with these people...

abdullah australi Day 1,199, 21:15

thankyou for this report.

the fact is that certain usurper leaders just want eUAE to be their own exclusive club, they have no long term ambition except lining their own pockets, until an easier ripoff becomes available.

that is why part of the resistance strategy is to make eLife hard for them in every way possible.

voice Day 1,199, 23:14

vote. support

eKorvin Day 1,200, 00:57

I advise to stop fckng idle talk and a little engage in economy.
If you don't understand simple econ. things - so shut up.

voice Day 1,200, 01:58

@eKorvin : f you have a valid argument, show it to us, or shut up

Aaronel Day 1,200, 02:09

lololololo ekorvin i think it's you and your friends who don't understand economics
printing 50000 aed in the times when 1aed=0,007gold is just stupid
we have worse monetary market than Thailand

Sean Bateman Day 1,200, 04:35

As long as they keep the currency in vault and do NOT pump it into economy via donations/sponsoring of army, it will be ok.

Nabros Day 1,200, 05:05

Once admins have introduced the purchase of land for the national currency, Thailand has decided to maintain a minimum exchange rate to ensure a flow of gold into the country. In the UAE we have a very bad situation with the exchange rate, a big spread, a little gold supply.Support for small exchange rate is the solution. Low rate is not bad, after the fall of the exchange rate prices will increase and thus will raise wages, which means that you can buy on your salary as much gold as before.

Habreader Day 1,200, 05:15

Due to the low exchange rate, there are many who want to buy land for the company. Gold will return with profit.

Commius Day 1,200, 09:30

I can see Habreader's point.

But, Nabros is making too many assumptions. He is arguing that if 1=.001g it'll be so low that people will think its a good investment to buy AED. Therefore rising demand and the exchange rate increases. Then he assumes prices will go up and along with wages. But these are hardly fair assumptions. Prices are going down even though the exchange rate is increasing. Look at guns, I was selling for 8.50 2 weeks ago yesterday it was down to 6.40 and it was only after an agreement between the two major gun producers that we raised the price. This doesn't fit Nabros' theory. And who in their right mind buy AED at 1=.001g? Unless they have lots of spare gold and want to sit on for a very long time? Oh and wages won't increase when you're working for yourself.

Commius Day 1,200, 09:41

eKorvin, I'd love to hear your wonderful arguments or at least your newest party propaganda.

Commius Day 1,200, 09:42

@Sean Bateman, do you really think it's going to stay in the vault? Is that even realistic?

Nabros Day 1,200, 11:41

You forgot about one thing. Supply and demand balance. Look at world prices for q1 weapons (in gold equal of course) and you will see that your price is too high. The only thing why it's possible to sell by that price is that, as you say, there are only few weapon producers in the UAE. In all over the world q1 weapons are producing ONLY by manager work. In other case it's not profitably.

I'm not sure that i understand you about investment in national currency. What is all about? Players will buy our currency becouse they want to buy new land that costs 2000 NC, and they will buy it in country which have the lowest exchange rate. After land purchase national currency will dissapear from the game and we have to issue more.

And at last it's not profitable to drop rate lower then 0.005

Commius Day 1,200, 14:15

But, Nabros your argument is that wages will increase with inflation????? Where is it? We have been going through off the charts inflation for weeks... the first week in the UAE the starting wage was 15 AED for a lvl 10....it hasn't risen much.

Gun prices are in line with world prices such as Canada which has 1=.013 (76 CAD = 1 G) and the price 7.21 CAD for a Q1 which is 7.21/76=.094 while the USA is 1 USD=.01 G (100 USD=1 g) at 6.29 which is 6.29/100=.0629 and Mother Russia is 1 UB=.01 G (100RUB=1 G) at 6.18 a q1 gun is 6.18/100=.0618 NOW, in the UAE we are usually between .007-.01 I am going with yesterdays numbers which I think is the Equilibrium 1 AED=.007 G which is 142.8 AED for 1 G and my guns are selling for 8 AED without taxes 8/142.8=.056.

Yes my guns are cheaper.

You made the investment argument, you answer it: "Once admins have introduced the purchase of land for the national currency, Thailand has decided to maintain a minimum exchange rate to ensure a flow of gold into the country." and "Support for small exchange rate is the solution."

So please explain.

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