***Economic Disaster and the Solutions***
Uncle Sam
I'd like this article to count towards my campaign for President this February. Our country faces quite a few economical issues right now. We have a dollar value that we wish to increase, and the Federal Reserve is now empty due to a massive hack, accomplished by none other than the infamous Franco/ThisGenMedia/Teacher. So economically, lets think about what we need to fix. There are steps to solving problems, Here's the process in which these issues will be dealt with.
Identifying the Problems
In our economy, many things come together to find a balance. This can be in amount of exports to imports, or between market prices and the dollar value. Everything is connected in its own way. The problems that we face are this. The Treasury has no reserves left to help defend the country. The dollar value is still rather low, and our trade with other countries does not yield as much profit as it used to. In addition, a lot of our gold was taken out of the treasury through a hack as proven by textual links in Benn's Interview with Franco
Desired Outcome
There are many ways these issues can turn out in the end. Some may be favorable, some may not, I aim for perfection. My aim is to fill the treasury up to more than what it was before. We want to have a good storage of wealth for any time, so building the treasury is a must. Next, I believe that the USA would benefit most from having the dollar value return to around 1 USD = .018 Gold. This can do much to reducing the inflation that occurred during war times and help regulate overpriced employee wages. Another issue that I've always stood firm on was to see that the USA increases exporting. Not only does this bring more gold into USA circulation to help build the treasury. It also works as a long term answer to save companies if the USA markets start failing. It's similar to an insurance policy on active companies that brings wealth to the country at the same time. Finally I want increased security over the treasury and federal money. Simply put, to make sure something like this does not happen again.
Achieving These Outcomes
People can have great knowledge about the economy in this game as I do. Experience plays a big factor in this. I co-own the biggest privately owned corporation in the world. My partner and I are probably the wealthiest people in this country, and it came through months of experience with the economy. But like I said, anyone who puts their mind to it can have this knowledge and bring it to Presidential office. I come to you today with that, and with a plan.
To Build the Treasury: This process has already started through a congressional state of emergency. The plans are outlined there, however there are a few things missing. Plans to raise income taxes to 20% are included, something that I support, however only for the time that it's needed. USD needs to be recovered from circulation and higher taxation is the way to go for this. Keep in mind, this is only a temporary fix! I plan to keep the 10% income taxes after sufficient USD has been brought back into treasury control. These taxes however, only really bring USD back into the treasury, more importantly we need to build up our gold supply. Gold will be acquired through the monetary market.
This is a delicate process, where with the monetary market will come in handy. How else do you think I became a wealthy player? Anyway, in order to restore gold into the USA Treasury, I plan on selling off some of the gained USD back into circulation for gold. Now this process will only take place while the 20% income taxes are in use. The job of the taxes will bring in USD, while selling a portion of it will bring in gold. This becomes a cycle. Gain USD through taxes, sell half the USD for Gold, gain gold and lose USD, gain more USD through taxes. When we have reached a level of about 2000 gold in the treasury, taxes will be returned to their lower rates. This whole process, with my vigilant active eye should take about a week, give or take a few days on the time it takes to change taxes. In order to make sure that this process works, during this time, government spending on all other areas will be reduced in order to save as much of it as possible while building it back up.
Raising the Dollar Value:This is something that must be done to help stabilize our economy. As a country, we should aim for something around 1 USD = 0.017 to 0.018 Gold. It's been the perfect balance we've worked with for a while, and ever since the dip it took during the war, it's never reached that point. Justin changed taxes in order to take more USD out of circulation, which did work, but that's about all he did for the economy. In order to bring the dollar value up, offers on the monetary market from the Federal Reserve or National treasury must be used to influence asking prices. At the same time, more USD must be taken out of circulation in order to reflect the desired dollar value accurately. This can be done while gaining gold back into the treasury, so my skills with the monetary market can kill two birds with one stone.
Increasing Exporting: The benefits of exporting are numerous. I can say this from personal experience as in Capital Bank of America, all of our companies have at least 1 export and it keeps all of them afloat. Exporting gives you options as to which markets you want to sell to. If one market like the USA's seems unprofitable and you start to go under, exporting to a different market offers you a chance to save the company. At the same time it brings money in from other countries and puts it into USA circulation, making us a wealthier country. They key to getting businesses to invest in exports is to follow a type of supply side economic theory where businessmen with more money would be likely to invest more into their companies. I plan on advertising these ideas to the public and inspire them to export, and possibly start a loan system that will be directed by an exporting department in the economics section of cabinet.
Increasing Economic Security: Obviously one of the bigger issues that we have to face right now is that of security. The Federal Reserve was not secure and so as a result we lost a lot of our treasury. There numerous ways to increase security, here is what I find to be most effective. First we must have all presidents sign a contract on terms of securing the Treasury and Federal Reserve. A contract can only go so far, so it will require that each president, at the beginning of their term, must change the password and email account to the Federal Reserve and their personal account. This will assure that the Fed is secure under the current President. The contract will also include limits on who many are allowed access to the Federal Reserve for obvious reasons. Finally the contract will include a section stating that if a president does not give up access to the Federal Reserve at the end of his or her term, or if a President is impeached mid term, then the Admins will take action in such events to assure that transfer of access to the Fed is properly handled.
Here is a copy of the rough draft of the aforementioned contract written by Benn Dover.
http://docs.google.com/View?docid=df2xwrm9_9ccmhvddk
(still under revision)
Other Economic Evaluations
Aside from everything we have just seen here, there are other things that we must understand about our economy. The first is the changes that took place over the last month or so. At the end of Benn Dover's last term as president, the markets already began to regulate in terms or product prices going down and the dollar value already raising. Justinious and his tax changes helped to keep it that way through having the dollar value match the amount of USD in circulation. This however is about everything that changed over the last month and the dollar value is still at around 1 USD = .015 Gold where it was in the beginning of the month. The only other major change is the depletion of the Federal Reserve, which I have already outlined my plans for.
The marketplace is not really an issue right now, Food prices have dropped to reasonable prices so that it's a buyers market. Weapons and moving tickets are now at a reasonable prices as they're also dropped. Gifts and houses have stayed at relatively the same price. All in all the marketplace is now more beneficial for the consumers. This will turn in the wrong direction at one point however, and prices will drop too low and business will start to fail if demand falls like we have seen during many long period times of peace. This is why war must be used to balance the economy and increase demand of products, but only in short bursts. Keep in mind, I will not support a long term war as that proves to create too much demand and diminish supply, but the idea here is to use war in short bursts, mostly as an economic equalizer. For this we have war games.
That however, is a conversation for another day 😉
Vote Uncle Sam for President for Feb. '09
-Uncle Sam-
USA! USA! USA!
Comments
You used my l33t banner again! 😃
Wise words my friend, wise words.
Voted 😃!
Great analysis of things to come in the economy. I read through and I'm not sure if each policy is what's right, but what we need is someone who knows enough about the economy to understand what's right and what's wrong, and I think that you've held that position for awhile. You'd make a wonderful president.
Nice article Sam
well there are many ways to go about fixing an economy and the problems that we face right now. This is my solution with the aid of a couple economic savvy friends for advice.
None of the gold went to "The Party" or any of it's subsidies.
About securing the Fe😛 let's stop putting all our eggs in one basket. As we've seen time and time again, in eUSA and abroad, well-respected players can (and do) get completely out of line and perform despicable acts of sabotage. I won't single out Franco, since his was just the last act out of a long and dirty list.
Current game mechanics provide only one solution to avoid such destructive actions of a single individual: keeping the money in the country's accounts from where it can only be withdrawn with congressional approval. However, the trade-off for this kind of security is a 24-hour grace period, plus a danger of losing part of the treasury should the country lose a region during a war. Keeping all the country's finances there is not an acceptable solution, so we must find a balance.
I propose keeping half the finances in the country's accounts. The other half needs to be evenly divided into several chunks, and placed into separate organizations, owned and operated by a trusted group of congresspeople, either appointed by the office of the President, or elected by a congressional vote. In a country of the size of ours, I believe there should be no less than 3 such organizations. This way we can have the best of both worlds, where half the money is 100% safe from tampering, and the other half is spread out so that it's available at a drop of a hat, and not vulnerable to an attack by a single corrupt individual.
I had this Idea trust me... however there are issues with it, part of it is the fact that it created too much hassle. The other is that if you're trying to keep it more secure that the Fed or something like that then secrecy would be needed. It's supposed to protect portion of the Treasury, however then it wouldn't be traceable and that alone is an issue for the American public let alone trust issues it would cause
Uncle Sam I like everything you said very much except for raising the value of the dollar to .018. Like you said yourself, export export export. A weaker dollar helps exporting. While I think the higher taxes are temporarily necessary, I like the .015/or .016 we're at.
I also think, Uncle Sam, that tehre should be two orgs for the $.
Sam, it never crossed my mind that this is the first time this idea is being brought up. And you are correct, it is much more hassle that the current system we have in place. However we just saw its weakness, and I think that the extra hassle is a small price to pay for better security.
To your other point. The idea is not to keep it more secure (rea😛 secretive) than the Fed, but rather spread the money around in order to limit the potential damage one rogue person can cause.
Traceability is an important point. We can already see the donations list, and it's a good start. The next obvious step is to lobby the Devs to create similar tracking mechanisms for any and all other monetary transactions, such as buying/selling on the Money Market and Marketplace. Until that is in place however, we do run the risk of theft. Keeping the money in separate Orgs is just mitigating this risk.
Another simple solution: Periodic password changes to the Federal Reserve.
I think you have it right on target with the exception of your position on taxes. I don't think the short-term taxation thinking benefits our economy. In fact, I believe it will lower confidence and degrade overall performance.
By the way...I hope you have vigilant eye...a vigilante one might be a bit scary to some folks.
ahh... simple typo =🙂
Good ideas Sam. You got my vote already. Justin may have started out good but things are just going downhill now.
Great article Sam and you would make a GREAT President.
I disagree on the taxes Sam, I beleive there are other options. and no Iam not going into that here.
Outside of that I find most of this agreeable. I do beleive that spreding the reserve around a bit would not prove to be as much of a hassle as you might think, it would most likaly reqiure for us to make a regular cabinte position for the presadent or US Treasurer. This position would have to be selected and added to the ticket for each candidate running for the job. This way we as the people would know exactly who was handling our money. The federal reserve could then be split up a bit and managed by this person, basically they would keep record of where the money was and how much should be there. This person would also have to report to congress very much like the securtary of the treasury does in RL. This would represent a sort of checks and balance.
Good ideas -except taxes....don't raise them.
If the economy is a disaster- don't tax it.
You should keep it as is, and soon we will have the deficit (I don't know why citizens should have to pay for what the GOVERNMENT did wrong.)
u have my vote
Excellent idea on raising taxes, what we obviously need is a strong centralized government program, something the internet president is simply too closeminded to accomplish
While I hate the idea of raising taxes, desperate times call for desperate measures.
"Justin changed taxes in order to take more USD out of circulation, which did work, but that's about all he did for the economy. In order to bring the dollar value up, offers on the monetary market from the Federal Reserve or National treasury must be used to influence asking prices."
He can't post offers - there is no longer anything in the reserve.
And after this, the only thing to do - and I mean only thing - is to scrap the reserve and trust in the president and congress.
@ donovanator
yes raising taxes can be problematic on the citizens, however the type of economic disaster we're in is the kind that requires more taxes. We lost all money in the Federal Reserve, so we need to replenish the funds. Higher taxation will do this quickly, and like I said it's a temporary fix that will be changed once we have enough money saved up.
Voted up please! http://www.erepublik.com/en/article/erepublik-world-cup-728400/1/20
Why should the people bear the burden!
Im a patriot but this GARBAGE is making me sick!
Im on the next plane out.
Calm down, Lester.
I like it, Mr. Sam. It's definitely much more polished up compared to the last time you campaigned.
you cannot increase export AND rising currency value..better if you work hard on keeping fixed wages, and (maybe) lower them down jsut a little bit..
more, it would be healty if there was some rising in the minimum salary, that is at this moment 1 usd/day..
voted
"Another simple solution: Periodic password changes to the Federal Reserve."
Shows how much you've learned about recent events...
@ angrr,
He didn't really post many offers to build the gold in the treasury because the economic council would always be arguing about it. Even before we lost the treasury.
@ Lester,
did you miss the part where it's a temporary tax change? live with it for a week or so and you'll be able to live in a country that will then be more economically sound, and stable.
@ LS group
the currency value is going up .002 so it's not that big a difference in terms of profit from exporting. Even so the values used to be at like .023 and then we lowered it, but still didn't encourage more exporting, so doing it now has the same effect as it would when it originally changed. Also... you want me to raise the minimum wage and slightly lower average wages? That's a bit of an impossibility. The minimum wage is fine as it is, and corporate competition for employees will provide fine wages for the new employees. And raising the dollar value can help to lower wages believe it or not... but lowering average and top wages is always hard because of how this economy is structured.
disagree with estuary on centralized gov. However i would liket o ask how our economy is a wreck to those who stated so
if you take more and more money out of circulation and more money from our income, then we wont have enough. it will be like the REAL america's government
the higher taxes are temporary, and returned to circulation through selling USD on the monetary market... in case you missed that part
"Another simple solution: Periodic password changes to the Federal Reserve."
"Shows how much you've learned about recent events..."
Benn, just think..if we had changed the email and the password before he had a chance to, don't you think this crisis wouldn't have happened?
The economy is a wreck, let's raise taxes.
As long as 'solutions' like these are present, I'll stand against our economic policies. I won't leave, but I'll vocally call you out each and every time you bring it up.
20% taxes will bring the Treasury back up twice as fast as 10% taxes... oh, except that we'll all try to avoid the taxes more aggressively now. I - for one - shut down a company again. Either way, the Treasury won't build up fast enough to allow us to fight a multi-front war or defend against two attackers for a 'long time' (in game terms). What else do you need a huge Treasury - on short notice - for?
Why don't you war hawks grab a seat and do some shuttin' up and let the economy recover ON ITS OWN. Why do you have to MESS with a thing until its properly broken before you're happy?
You have my support.
The Internet president?
rofl rofl
smoke and mirrors