Join the new world

The Economic Freedom Mining Initiative has built 23 Aluminium Mines and 8 Rubber Plants since inception.

Donations
Thank you to the generous donations to kick-start young players in owning their first mine in this scheme from:

Rico Suave for 5,000.00 ZAR
Zagarius for 5,767.68 ZAR
Henock Haukongo for 444.37 ZAR
Niffobti for 1,000.00 ZAR
Rexdeus for 1,000.00 ZAR
DB De Villiers for 1,000.00 ZAR
ottoman empire turkey for 1,049.00 ZAR
Wilpanzer 5,000 ZAR

This 19,212.05 ZAR has given each participant almost 1,067 ZAR to their first mine. Without you, our road to economic freedom slower.

Economic Policy
What would help is a more pro-active government policy to expand our weapons resources. This month started well with an energetic war with Nigeria which spurred production and WRM demand thus what EFMI were able to save towards expanding our mines.

I call on government to creatively engage with Nigeria, Greece and Argentina to see South Africa with Oil, Grain and Rubber for a week this month as a boost to our economy. We all gain and Nigeria swapping Grain for Deer is hardly an inconvenience especially if we offer them easy access to citizenship for their MU weapon producers so that they too can gain. In fact, the eSAAF is prepared to go as far as allowing Nigerian MU into our communes to benefit from production logistics. Who knows what the Lazocrats could offer to help sweeten a South Africa friendly deal? Africa for Africans and all that jazz 😉

We have been led to believe that the punitive 25% work taxes are shield to gather money for more MPPs. While this is generous of the Lazocrats (since htey require no MPP as an Elite MU to set DO), eSAAF really doesn't require them either since we understand the Battle Priority system. Again, there are more creative solutions should Congress Members choose to actively engage one another instead of the sulking silent treatment we see.

Economic Guru
The most effective way to become involved in the economy is to sell Weapon Raw Materials (WRM). Q7 Weapon Factories require more resources than a single manager can generate which creates the demand. The margins on WRM are usually higher than on FRM (the last two weeks have seen parity pricing). Raw Material production is a simple business since you need no workers to profit and demand is consistently good. In other words, its the best entry into the economy.

For a easy comparison look at eAnalyser for a sobering look at real economic value.

You earn more selling your Raw Materials than you do manufacturing them into products like Food and Weapons. The only exceptions are Q6 and Q7 products and once you take the cost to recoup your investment in the building, nothing is as profitable as fast.

Rubber vs Aluminium
While a Rubber Mine produces more (250 WRM) than and Aluminium Mine (125 WRM), you can buy 3½ Aluminium mines for every Rubber (35 G vs 10 G). Rubber mines only have value if you employ people or are worried about work taking too much energy from fights. Simply put: Rubber for people who can afford more fights and Aluminium for people building economic independence.

Rubber = sexy
Aluminium = practical

Every mine you build increases your earnings. This means the next mine is gained just a little bit faster. If we pool our money we all build mines a bit faster. We all win by cooperating.

Paint by Numbers
An Aluminium Mine costs 10 Gold. This is 2,000 ZAR (assuming 200:1 average exchange rate). A single mine produces 175 WRM (125 + 40% Region Bonus) which sell at 0.05 ZAR each, or 8.75 ZAR. That means you need to sell for 230 days to afford the next one.

1 Mine = 8.75 ZAR/day = 230 days until next mine
2 Mines = 17.50 ZAR/day = 115 days until next mine
3 Mines = 26.25 ZAR/day = 77 days until next mine
4 Mines = 35.00 ZAR/day = 57 days until next mine
5 Mines = 43.75 ZAR/day = 46 days until next mine
...
10 Mines = 87.50 ZAR/day = 23 days until next mine
...
15 Mines = 131.25 ZAR/day = 15 days until next mine

Work Tax
This excludes any extra money you put in from working your job. Realistically, work tax will keep dropping down from 7 ZAR to 5 ZAR as long as the rate remains at 25%. This means you are paying 0.028 ZAR (Q3) or 0.014 ZAR (Q5) in tax per WRM. Sure 1% Work Tax is more economically and MU friendly, but 25% is hardly unprofitable.

How do I benefit from EFMI
Now, a number of players pooling their money could buy their first aluminium mines faster and contribute to helping everyone get more faster too. You still pay the same, but you shave off some time from your first mines generating income.

Add in any extra income like donations by our philanthropists or combat orders or inheritances and you are in business instead of scraping by real quick. Its like compound interest: starting early and contributing regularly has dramatic compounding effects. Because you generate earlier than you would by yourself the entire cycle is kick-started.

Where to now?
Citizens in the scheme can donate any amount; daily or weekly or whenever they feel like it. All their donations are logged. Whenever the total in the pot reaches near 2,000 ZAR (whatever the cost of an Aluminium Mine currently is) it is donated to the player with the highest total donations.

That player has 2,000 ZAR deducted from their donation total.

They will be required to continue contributing to the scheme at least until their mine is paid for. We are saving time getting mines to make money earlier and not on the total cost.

Any profits earned from investing the contributions will go towards increasing everyone's donation total. Any contributions towards the scheme will also go to increasing everyone's donation total. All donations to the scheme are split amongst all the current investors.

Can I trust you?
I am a former Country President, Minister of Finance and current commander in the eSA Armed Forces. I am not going anywhere, am well known and have a sterling reputation. The voices I hear have mere entertainment value.

What if someone takes money and doesn't pay it back?
I'll cover it and kill a kitten to ease my pain. It is impossible for someone to steal more than 2,000 ZAR in this scheme. Should anyone do this they will be ineligible for any help from me in the future. We are a small community with many international friends -- your reputation sticks for a very long time.

I don't make much ZAR per day. Would I just be subsidising richer players?
It will only ever take a shorter time to buy a mine than it would working alone. At first the payouts will go to citizens making a bigger contribution, but once they are all indebted to the scheme they will be subsidising you. Swings and round-a-bouts.

Proof in the pudding
We have been running for 6 months now. EFMI has built 18 Aluminium Mines (Q3) and 5 Rubber Plants (Q5) for the 15 participants even with the PTO tax and land disruptions. Disciplined saving works.

I'm in! I want Economic Freedom in my lifetime!\
Send me a message and your first donation. Your name will be added to the list. Remember to donate regularly to get to your goal faster.

When do I get my Mine?
As soon as I see we have reached a threshold or my Gold donation limit is reset for the day.

Can I choose my Mine
Yes, you can. Right now the Q3 Aluminium Mine is the best value for money. I am personally working towards Q5 Rubber Plantations, but it just means it will take longer for me to get to a payout. To prevent the big projects clogging the payouts, the lower Quality mines are prioritises to aid young players.

Conclusion
This projects hopes to get players involved economically by working together to boost everyone's fortunes. The donation list is public. I also encourage philanthropic citizens to make ad hoc donations to help speed the process. It is a business investment in our young that is cashed in the moment you reach your personal Mine threshold.

Don your red beret to help create economic freedom in South Africa.

Amandla, Awethu.
Power to the people. Create your destiny. Act.



TL😉R Economic Freedom in our lifetime!

Link to sheet: http://j.mp/efmi-view