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For me, Economics is a fascinating subject. Even in my real life, I spend much time debating free market verses controlled market, left verses right, communist verses capitalist. As a politician, I could easily stand here and say: "Save more, spend less!" and hope that you would be convinced by this. Of course, it is not that simple.

I will make one thing clear right now. In-game, I am a Socialist. I watch how the Money Market works, how it is designed, and I can not fathom how an economy could prosper if there was not some government intervention. We have what is known as a sellers market. Everyone is looking to offload Gold, and will undercut the offer above just to make some cash quickly. If left alone, the value of Gold would plummet. This is not a good thing.

Why?

Because the majority of people, including the government, hold their savings in Gold. If one sorry day, the Philippines was attacked, and we were required to sell all our Gold and purchase weapons, only to find that 1Gold= 3PHP, we'd be in a bit of a pickle.

This is why it is important to benchmark.

By placing a national benchmark of Gold - PHP, we can maintain the value of our currency. Our Director of Economics and Finance and his/her team will be charged with ensuring this benchmark is kept to. This will involve purchasing all Gold being sold under the benchmark, and selling Gold at benchmark price is the market goes above the benchmark. With regular intervention, and a watchful eye and a steady hand, we can ensure our market is fully stable. There is an added bonus to this, if done correctly, we will be able to turn a profit, making money that will be fed back into the Treasury.

Of course, benchmarking doesn't just benefit the government, you the citizens will also reap the awards. As you know, various milestones in your eLife, award you with Gold from the eRepublik admin. With a high Gold-PHP benchmark, your Gold will be worth so much more. You will no longer have to scrimp and save for the Q1 House, or those expensive weapons. You will be better off, we will be better off, and General Managers who export goods will be better off. Help me take you into a golden era.

Taxes
I am not going to mention taxes. Our taxes were placed by Big Boy Bulley and the Congress, and no concern has yet arisen. If the situation changes, then of course we will look into making small changes, but at this point I have no intention of increasing out current taxes.

But what I will talk about, is saving money. By placing the purchase of a Q5 hospital, in the hands of charities such as PhiliHealth, this frees up cash in our treasury for other things. This will include a new Q3 Weapons company, training wars, an offshore diamond mine, DoHA Gift company, and so on.

I am, in both real life, and in my time as Under Minister of Finance, a serious budgeter. Your hands could not be in safer hands. I shall also be employing a Director of Finance who will be helping with the budgeting and moving around of funds.

Rest assured your money is in good hands. Vote HazzN 05/07/09