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Congress Members: gold donations

Hi all,

After a week of intense looking around and talking to many stakeholders, it is time to shed my light on the current financial status, as well as the future income of eBelgium. My conclusing is that we have the biggest opportunity in our gold stream which comes from the congress member medals.

It has been a costume habit to donate the 5 gold won by getting elected as a congress member to the NBB-BNB.

In stead of just donating it to a bank, it is time to determine what has to be done with this gold. After a lot of IRC and Forum debating, the government of eBelgium has come up with the following.

The main problem in giving exact numbers is that the current exchange rate is at 0.001, which means 1000 BEF for every gold sold, but the normal 0.002 means only 500 BEF for every gold sold.

Stating exchangerate @0.002:
Q1 food price: 0.70€
Food program/BTA: 1 Gold, means that aproximately 700 Q1 food can be bought per congress member / gold
If we would only spend 1 gold there, the same amount of food can be produced. If however the exchange rate goes down to 0.001 indefenately, then double the amount can be spent.

BTA get's 2000 BEF right now, with 1G per CM, this would mean 15000, which is more than enough. This money will be reserved, and only be given when the need is there, and motivated by BTA to MoFE and MoF.

BAF: should get 1,5G to keep the weapon and food distribution in order.
45 gold, or 22500 BEF (= 600 tanks) THis means however that a great expansion is possible. I would recommend reserving this money and only giving it when needed, and motivated by the BAF to MoD and MoF

MM: It will be needed to intervene frequently in the monetary market. If we are able to keep our exchange rate at 0.002, our economy will grow stronger and faster than our surrounding countries, thus worth the investment.
For this I will need 1.5 gold per congress member.

The remaining 1 gold will be reserved as a backup, or as some want to call it our Gold Wall.

It is in the utmost importance of eBelgium that we are able to regulate our monetary market ASAP. These measures are necessary and balanced. I hope that i can count on every Congress member to agree with this new way of dividing congress gold.
Although I'm sure that there will be debating after carefull measuring and counting this division is the most balanced possible.

To be ahead of opposers these closing remarks:

Why spend money on BAF and BTA: these are relatively new structures, but they give new and less new eBelgians a steady base, something which had been missing for some time.

On the Monetary market: if I have to explain this, there is need for a general explanation of erep monetary mechanics. Short said, this is needed urgent.


Signing off and counting on Your support,

Helviro

Minister of Finance