The Economist ~ Dastardly Banking Launch

Day 2,178, 12:35 • Published in United Kingdom United Kingdom • by Spite313


Dear friends,


For a long time now the UK Ministry of Finance (MoF) has used public organisations (orgs) to manage private money to bring additional revenue to the country. In some cases these have been rented out to individuals, in others the government has handled the transactions themselves and has paid out money to investors that way. The outgoing MoF Emergy was quite against the idea of private money on public orgs, but the concept was undeniably a wealth-generator for the UK state (and it’s investors) so no CP was willing to stop it. Now Emergy has left, and most investors withdrew their money due to a lack of certainty about the incoming MoF.


Now Butjam has been appointed as Minister of Finance, and has taken control of the UK’s public orgs. He will be managing those orgs on the money market to sell UK currency and gold to profit the UK state. However I firmly believe that there should be a private finance initiative in the UK to house investors money. I spoke to several members of the incoming government prior to the election, and I am proud to say we have come to the same conclusion.


So from today I can announce the formation of Dastardly Banking, a branch of Dastardly Corporation. The company will exist to house investment from private individuals and circulate them on the money market for profit. MWC the current CP has agreed to loan us twenty orgs for this purpose. 25% of profits will go to the government, as now. 70% will go to investors, and 5% to the company as an administration cost.



The company will be selling shares in 10k cc amounts. So to buy in, you need a minimum of 10,000 currency, which can either be raised alone or by a group who then appoint someone to be the “owner” of the share. For example, if “Royal Navy MU” wanted to invest on behalf of their members, that is fine with me, so long as I have a nominee who I can report to and donate funds to. In addition this investment will not be cumulative. To keep things clean I will be effectively paying a 100% dividend - the profits will not sit on the orgs, they’ll be paid out at the end of each month. Your share will not change value - at least in face value.

I have offered existing investors the chance to carry over their investments, rounded to the nearest ten thousand. Some have agreed to do so already. The initial public offering will be for 50 shares of 10,000 currency, limited to 5 shares per purchase and will begin immediately. To purchase into the company, simply message me to let me know who you are, the number of shares you wish to purchase and who your representative is (if it’s not yourself) to receive reports. The second round of investments will begin on Saturday at 10:00 erep time, and will be on a first come first served basis to fill the remainder of the orgs.

I’ll just reiterate that there will be no fixed profits or returns on this, it’s determined by the vagaries of the market. The maximum profit per cycle is currently about 9.5%, and the maximum number of full cycles per month is about 2.5 when you consider the initial startup. Of course this won’t be the case after the first month. Real terms profit never approaches the theoretical maximum though, and I’d be pleased with a 8-10% profit across all orgs for the month. One of the reasons I have made 10k cc the minimum investment is that any less than that really isn’t worth it.



My last point here echoes the one one above: the money market is not personally profitable without enormous sums of money. Small amounts can nearly always make a better profit (long term) in the form of companies. For example, your 10k cc in iron companies could make you 1500cc a month every month forever with almost no effort. It’s unlikely 10k cc will bring in more than 800cc on the mm, so unless you already have everything (or are a corporate body like a MU) it’s not worth it. I’m just saying this to hopefully stave off the legions of tiny investors who like the idea of MM trading.


Please read the article a second time before commenting. I don’t have time to repeat myself for someone’s poor reading skills/tl;dr.

This scheme is currently open to UK citizens or those closely associated with the UK but abroad for reasons benefiting the UK (such as ambassadorial, MU supply and so forth).

This scheme is currently open only to people I trust


Thank you for your time.


Iain