The Campaign Rolls On: Economy
Day 555, 14:00
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Published in USA 
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by
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by Kyle321n
The following article was written entirely by Jewitt, but since he is my vice-presidential nominee, I support his views 100%. He has been a member of the economic council, and currently he is helping Singapore set up their tax system and figure out their budget. His newspaper, The Jewitt Report is the best place to find economic information in the game. If you subscribe to this paper for this article subscribe to his too. It's worth the time. This article will be controversial, but that's what this campaign is. It's something a little different.
Me with the famous Jewitt Jones soda bottle.
28 May, 2009, Day 555 of the New World - Jewitt has released an article outlining a brief overview of the economic views of Kyle321n and his Presidential campaign for the June 5th elections.
International Trade
Today in this day and age we have something that has not happened since the beginning of eRepublik - we are no longer bound to a global conflict. Previously, we struggled to supply only half of the eWorld. Our allies and neutrals were all that we traded with, and we did not have to worry about our rival economies from infiltration in our trade because of war embargoes.
Now the war barriers are closing down and economies which were previously untouched by eAmerican companies are now being granted access or will soon. Japan, Argentina, France, Portugal, Italy, Iran. Maybe even Brazil, Indonesia, and Hungary. These are worth hundreds to nearly thousands of GOLD in export potential and we, as a country, need to capitalize on this.
Long ago (January), we had a currency worth 0.016. Our exports flourished, our economies were strong and stable. Since Congress has taken it as a holy crusade to control the dollar at 0.02 we have reinforced our stable economy with now a stronger currency. It had its place when all we were doing was importing Spanish and Romanian iron but the eWorld is changing. eGlobalization is setting in.
Our markets are experiencing deflation for many reasons. One being that our exports have narrowed due to our 0.02 currency worth with our allies also lowering their currencies. When exporting companies come back to our domestic markets they are more efficient and streamlined for maximum profitability. Our domestic companies are not so efficient. Obviously, companies begin to struggle and the exporting companies can drive prices way low. Good examples are the oil, wood, and grain industries.
To solve this problem of exporting companies coming state side, the easiest solution with little human error room would have to be to devalue our currency down to a ratio which will encourage increased exportation.
Domestic Deflation
All of our industries are experiencing deflation despite our currency being the same. History has proven that a decrease in USD to GOLD value has little effect on domestic prices but it does affect our exportation and importation abilities.
Our domestic deflation no doubt is related to facts directly related to a lacking in exportation. Our wages are dropping because companies are becoming less export efficient but prices are still dropping - massive undercutting from inexperienced or desperate General Managers to make payroll. The solution: Increase our exportation margins.
Increasing Exportation Margins
Decreasing our currency's value lightly definitely will increase our exportation margins - but at what cost? The domestic economy will barely be effected as it will also decrease foreign competition from coming over here. A strong currency (Spain, Indonesia) encourages importation because the currency is worth so much while a weak currency (Ireland, Portugal) encourages exportation but causes severe inflation from lack of foreign competition.
Through my work with the Economic Council, as a Trade Adviser, and the Budget Committee I have stood by my views that the value of 0.017 is the perfect balance between well priced imports (iron, diamond, etc) and flourishing exports (grain, wood, oil, various manufactured goods). Kyle321n feels the same way and I am glad to be his running mate to work with the economies of the eWorld - former Atlantis or PEACE G.C.
eGlobalization is coming and we need to find a way to get ahead and allow our economy to take advantage of the upcoming events.
Other campaign articles:
I am America (And So Can You!)
Me with the famous Jewitt Jones soda bottle.
28 May, 2009, Day 555 of the New World - Jewitt has released an article outlining a brief overview of the economic views of Kyle321n and his Presidential campaign for the June 5th elections.
International Trade
Today in this day and age we have something that has not happened since the beginning of eRepublik - we are no longer bound to a global conflict. Previously, we struggled to supply only half of the eWorld. Our allies and neutrals were all that we traded with, and we did not have to worry about our rival economies from infiltration in our trade because of war embargoes.
Now the war barriers are closing down and economies which were previously untouched by eAmerican companies are now being granted access or will soon. Japan, Argentina, France, Portugal, Italy, Iran. Maybe even Brazil, Indonesia, and Hungary. These are worth hundreds to nearly thousands of GOLD in export potential and we, as a country, need to capitalize on this.
Long ago (January), we had a currency worth 0.016. Our exports flourished, our economies were strong and stable. Since Congress has taken it as a holy crusade to control the dollar at 0.02 we have reinforced our stable economy with now a stronger currency. It had its place when all we were doing was importing Spanish and Romanian iron but the eWorld is changing. eGlobalization is setting in.
Our markets are experiencing deflation for many reasons. One being that our exports have narrowed due to our 0.02 currency worth with our allies also lowering their currencies. When exporting companies come back to our domestic markets they are more efficient and streamlined for maximum profitability. Our domestic companies are not so efficient. Obviously, companies begin to struggle and the exporting companies can drive prices way low. Good examples are the oil, wood, and grain industries.
To solve this problem of exporting companies coming state side, the easiest solution with little human error room would have to be to devalue our currency down to a ratio which will encourage increased exportation.
Domestic Deflation
All of our industries are experiencing deflation despite our currency being the same. History has proven that a decrease in USD to GOLD value has little effect on domestic prices but it does affect our exportation and importation abilities.
Our domestic deflation no doubt is related to facts directly related to a lacking in exportation. Our wages are dropping because companies are becoming less export efficient but prices are still dropping - massive undercutting from inexperienced or desperate General Managers to make payroll. The solution: Increase our exportation margins.
Increasing Exportation Margins
Decreasing our currency's value lightly definitely will increase our exportation margins - but at what cost? The domestic economy will barely be effected as it will also decrease foreign competition from coming over here. A strong currency (Spain, Indonesia) encourages importation because the currency is worth so much while a weak currency (Ireland, Portugal) encourages exportation but causes severe inflation from lack of foreign competition.
Through my work with the Economic Council, as a Trade Adviser, and the Budget Committee I have stood by my views that the value of 0.017 is the perfect balance between well priced imports (iron, diamond, etc) and flourishing exports (grain, wood, oil, various manufactured goods). Kyle321n feels the same way and I am glad to be his running mate to work with the economies of the eWorld - former Atlantis or PEACE G.C.
eGlobalization is coming and we need to find a way to get ahead and allow our economy to take advantage of the upcoming events.
Other campaign articles:
I am America (And So Can You!)
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Comments
No Pertamax
stfu I has perta
His name has JEW in it, so I trust he's good with money.
Voted
LAWL
-j
hmm jones soda..
voted. Go kyle!
Wow, kyles so hunky 😉
roarrrr 😉
xoxoxoxo
Voted, already subscribe. WIN WIN WIN!
@ James S. Pfeiffer: "His name has JEW in it, so I trust he's good with money." - really? Do you honestly think that's an appropriate thing to say? I hope not.
Voted. I like this.
@Richard Brophy, Pfeiffer wrestles alligators for exercise. What you and I wouldn't dare utter, he gets away with, though you still have a very good point.
I like this too 😃
Lets see where to start
Kyle/Jew June 09 for the srs bsns and and the lulz...
An excellent article, trading with countries such as indo and brazil may ruffle some feathers, but the resulting economic growth will certainly shut everyone up.
A recent investigation has shown that Kyle does not have gills. This means that he is not a gay fish like Scrabman. We are not sure about his sexuality but we can confirm he is not a fish.
Very informative article.
Voted!
@Richard Brophy dude, it's a joke. chill.
-j
the only question I have is if the dollar goes down how do younger companies afford the new market license to export?
Voted
Voted for the awesome Kyle picture.
Voted.
Can the government please get rid of the silly embargoes now?
I am Jewitt and I endorse this message with my literature in it.
Great article!
Great theory, but to whom will be export? We have open wars with a billion PEACE nations, blocking exports there. And our former 'allies' in Atlantis all have high tariffs forming defacto embargoes there.
That said, I agree with devaluing the currency some. This is better than dropping import taxes unilaterally. But we'd probably have to start printing oodles of currency to do it & we'd have to keep a close eye on when things start slipping too fast in the MM.
Nice article. Voted.