[MoF] - November Report 4: Everything There Is To Show
Day 1,829, 12:01
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Published in United Kingdom 
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by
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by Bank of England
November Term:
Report 1: Last Month and this month to come - http://www.erepublik.com/en/article/-mof-november-report-1-last-month-and-this-month-to-come-2153891/1/20
Report 2: A Quick Note - http://www.erepublik.com/en/article/-mof-november-report-2-a-quick-note-2155165/1/20
Report 3: We Make Money From Taxes? - http://www.erepublik.com/en/article/-mof-november-report-3-we-make-money-from-taxes--2158932/1/20
Hello all,
I went into most of the details I could think about this time. I shall just jump right in.
Current Accounts
As you can see our reserve is looking rather healthy when you compare it to other countries. We do not have the largest by a long shot but there are many countries out there with a LOT less. With currency at an all time high value (this year) this amount could buy five times the amount of gold it could have a few months ago!
The MM
As you can see, when the MM works, it works quite well. However it depends fully on if gold is stable and what price it is stable at. Because of the fluctuating gold prices we have made no CC from it this month - The method I use just doesn't make this possible. If gold stays between 333 and 500 for the next few days we should make something. We would much prefer for it to be sitting at around the £480 mark than £340 as we make much more per gold!
I am looking in to other methods to try and work the MM while contacting other MoFs and reading most of the financial media out there. The main issue is that I do not like the idea of buying gold and holding on to it waiting for price to change. Why? Because it has nothing to do with economics. The gold prices are firmly down to the admins. They can change the whole game and flip it up side down where as nothing at all like this can happen in the real world. They can literally let gold drop to 20CC if they want if everything else gets scaled with it. The method I currently use is pure profit, not gambling. If anyone is interested in trying to play the MM via buying and selling gold please let me know and we will see what we can arrange but with the normal, safe, method there is no advantage to having another person putting offers up, it dilutes the current ones.
Targets
I work to the targets set out by the current CP. Talon, as an ex MoF himself and a pivitol cog in the machine that saved us from a long wipe earlier this year knows the importance of a large reserve. It cost more to free us from the two wipes we have had since I started playing this game than we currently have. However with tanks currently cheaper than before it can be argued we may have enough saved now. As you can see, Talons targets switched from building the reserve in October to maintaining it in November. As much as I would like to shell out loans and grants left right and centre we need to be aware that the current alliance situation puts us in an ever vulnerable situation.
Taxes
Obviously the tax amount for November is not complete so that number is just for how much we have so far. The average is the number to look at. Currently that is higher for this term over last term, which is a very good thing! This growth is pivotal for when our tank supply runs out! On the starting balances, December Term, is November currently. As you can see, so far this term we have made £11k. That is because we have been using the tanks left over from the BEF.
Expenses
Pretty simple here really. This is all of our expenses! Any questions? Just ask!
The Average Week
On our current MM and tax incomes this is what we will be making once our tank reserve from the BEF is depleted. As you can see, currently, we are spending a smijen more than we make. Most of this is down to the CtA program but I think everyone can agree this is a very beneficial program and we should really keep it going if we can. However when we can no longer afford it we may have to look in to getting rid of the MU rewards and instead just publish them in a table so MUs can gloat instead of gain monetary rewards. I like that it encourages activity and provides us with a bit of inter-country rivalry and gives tanks to those in need of them! I won't talk about the MPPs as that is a MoFA situation but obviously they are needed. The strikes are also good for those active and young, there is no need to cut that.
I have seen plenty calls recently of "Give our taxes back!", "Lower the taxes!" etc. As you can see, all, and more go back to the people. There isn't really much else I can say about this because I can not predict what next term will bring. There are so many offers on at the moment that I think our current tax rate and the current gold prices are fairly false.
What I think would be interesting is if each party would comment on this article saying how they would manage our finances and I can run some "simulations" to show what situation we would probably be in for each set of plans. I am not connected to any party so you can be rest assured they will be unbais answers. I am sure some people will still call me an ESO member; I had my forums access officially removed nearly two months ago now and I stopped actively participating in ESO debates back in Lily's second term. I have been out of ESO for longer than I was in it!
I hope you have all enjoyed,
Carlini
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Comments
Enjoyed indeed. Good job, good article.
Good to see a good financial basis that can free our nation when needed.
Voted & shouted.
second ! ;-P
voted! keep up the good work!
Great work!
great article
with the markets screwed income is really low, don't think i would do anything different as the CtA is pretty good and well i use it,
great work tho
Nice work as always.
Once the markets get closer to (1g=333cc) we might want to convert at least a bit of that currency back into gold. That way if the markets ever stumble again, we won't have all our reserve in currency.
One question I do have is - Is that 50k figure for CTA a projection of future spending? So far CD has given me 1,400 Q7s and you refunded me 16,200 CC for tanks I bought for the program. That's the entirety of gov spending so far since Day 1793.
Great MoF work - clear targets, clear results and communication that rivals the best ministers out there. Really great work!
Sorry Emergy, yeah that 18000 should say 16,200. I messed up in my excel doc.
It is future spending yes. I took the last three and a half tank requests to give myself an average request per week (could have been more accurate etc but I presume the number will only rise with more exposure) and then used the average reward (2.5 times a week) to roughly come up with that number,
I have told you over and over to let the gov pay for it all but you never listen to me do you 😃
Yea I do! I feel better about it now that it's been published, and prizes can still remain private.
Good news is - Even if we use that 50K/CC for Call to Arms (which we're nowhere near using if you average it out we're spending 9,500 CC/week), and assuming we make ZERO money from Monetary Market transactions FOREVER, and pay for all our MPPs, we could fund at that level through June 2020!
That's such a long amount of time that realistically something else will happen (...)
(...) before that occurs, but it does show how balanced spending and revenue are right now.
That 50K/CC a week amount might also be useful to keep in mind for the future too (and assuming everything stays relatively stable) as Call to Arms will inevitably end at some point. Those funds can be applied to other programs, player assistance stuff, military unit investments, etc.